Everest Financial News

Rapido is now expanding into the cab market. The company has been piloting cabs in Hyderabad for a few months now, and is at an “advanced test stage”, a spokesperson for Rapido told ETtech. “We’ve gotten a fantastic response so far and it has given us confidence about the model working out,” the spokesperson claimed, declining to comment on the expansion of cab services to other cities or the timeline.

Mount Everest, has experienced an explosion. Subsequently, the comet was on a trajectory toward Earth, according to reports. This explosion was observed on October 5, originating from 12P/Pons-Brooks, a cryovolcanic comet with a massive 18.6-mile diameter, approximately the size of a small city, as reported by Live Science.

₹72.3 crore) in its Series B funding round led by Harmony Ventures and Accel as new and existing investors, respectively. AI Growth Pvt. Ltd, which operates the fixed-income investment platform Jiraaf, has secured $8.7 million ( ₹72.3 crore) in its Series B funding round led by Harmony Ventures and Accel as new and existing investors, respectively.

Artha Venture Fund, which has backed startups such as Agnikul and LenDen Club, has partially exited Mumbai-based fleet operator Everest Fleet for $2 million (around Rs 16.5 crore). Since 2019, the firm has invested a total of Rs 10 crore in Everest Fleet, which recently closed a $20 million funding round led by ride-hailing platform Uber. The partial exit from Everest marks the first exit for Artha Venture Fund-I, which has a corpus of Rs 225 crore.

Mumbai: MicroVC firm Artha Venture Fund-I has clocked 19x return on its partial exit from its investment in Everest Fleet, a fleet management company. The fund bagged $2 million from its part stake sale in the company. The stake sale is part of the Series B funding round of $20 million that Everest Fleet raised from investors led by Uber and Paragon Partners.

India has been carrying out a lot of construction activities at the China border in the last three years, BRO Director General Lt General Rajeev Chaudhry said on Sunday. The DG was here to inspect the ongoing construction work of an air dispatch unit of the Border Roads Organisation (BRO), touted to be the world's largest 3D concrete printed campus. Chaudhry said the government of India is fully supporting the BRO for carrying out infrastructure development projects by way of increasing the budget and new technology. The government of India has «increased our budget by 100 per cent in the last two years», he added. When asked if China is carrying out big infrastructure development near the border areas of India, the DG said that a lot of construction activities have been being carried out by the BRO and other agencies at the China border in the last three years. The DG said that around 300 BRO projects worth Rs 8,000 crore were completed during the last few years. «In the last three years, we set up 295 road projects, bridges, tunnels and airfields which were dedicated to the nation,» Chaudhry said. «In four months, our 60 more projects will be ready and the pace of our work has increased,» he added. The DG said that the BRO was using steel slag — a by-product of steel — and plastic in the construction of roads. «Today, the BRO's pace of work is quite fast and the government has complete support in it, be it the budget, machines, new technology and simplification of procedures.

Everest Fleet has raised Rs 50 crore (around $6 million) from private equity firm Paragon Partners, as it looks to accelerate growth and expand into new markets. The equity investment into Everest Fleet has come just a month after it raised an undisclosed amount of debt from mid-market-focused alternative investment fund Arka Credit Fund I, by issuing non-convertible debentures.

Dividend Stocks: Shares of several companies including Indian Railway Finance Corporation (IRFC), Jindal Stainless, Multi Commodity Exchange of India (MCX), Supriya Lifesciences, among many others will trade ex-dividend in the coming week, starting from Monday, September 11. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout.

GST for govt as well." "Eventually hona wahi hai - sabse zyaada daam dene vaale ke haath hi ticket aani hai ! Fark sirf itna hai ki ab cash premium pe aayegi," he added. Earlier reports arrived that on 29 August on BookMyShow's website and application, the pre-sale of tickets were sold and were out in a matter of minutes, leaving the fans disheartened.

Kumar Anurag Pratap, Vice President & CSR Leader at Capgemini, Capt. Tapas Majumdar, Independent Director at MCON Rasayan Pvt. Ltd. Nagesh Pinge, Independent Director at Aditya Birla Sun Life Insurance, Ashwini Mavinkurve, Head of ESG & Sustainability Services at SGS India, Mr. Pratyush Panda, Head of ESG at LTImindtree, Mr. Ajay Pannu, Head of ESH at Thermo Fisher Scientific, Mr. Ram Vaidyanathan, Head of Environmental Sustainability at Godrej group, Mr. Devesh Ghuley, Head of ESH at Everest Industriesdiscussed policy implementation, strategies to accomplish targets, and exploring the real meaning of being responsible. Heena Khushalani, Partner of Climate Change and Sustainability Services at EYshared the most important aspect of any policy intervention and discussed the financial aspects of sustainability whereshesaid,“There is no way India can achieve net zero without philanthropy and CSR funds".

Parle G is still going strong. This iconic product, for its ubiquity as well as longevity, can serve as a viewpoint to tell several stories — how a product ticks all the boxes to become so popular with the masses and remains so for long; how India's vast poor population has been a large consuming class too that supports big FMCG companies; how the long-held popularity of Parle G points at India's largest consuming classes remaining massed at the bottom as India failed to lift them out of poverty for long; and how the premiumisation of Parle G indicates Indians gaining more spending power. Yet, the most memorable Parle G story remains of a humble biscuit that became the most loved food item of modern India, defying shifting fashions of taste and divisions of class.From Gavaskar to migrant labourers Legendary cricketer Sunil Gavaskar had a weakness for Parle G biscuits and loved to eat them with his tea or coffee.

BookMyShow's website and application, the pre-sale of tickets were sold and were out in a matter of minutes, leaving the fans disheartened. ALSO READ: Cricket fans ‘deserve better’: Frustration over failure to book ODI World Cup 2023 tickets; booking app crashes However, with excitement for the match on Mount Everest, fans may not need to loose hope, as the the general sale of tickets will begin on 3 September at 8:00 PM IST on BookMyShow. The site said that it may likely open the sales around 8:00 pm IST, whose price would begin at ₹2,000 and the the maximum price for one ticket may reach ₹1,00,000, reported Sportkeeda. This will be the final round of online sales and the chance for an offline sale for the tickets after the online ticket sales will be small.

“My journey to the Everest base camp was an incredible adventure and a transformative experience. It allowed me to connect with nature, which has always been my first love,” says Amisha Vora, Chairperson & MD, Prabhudas Lilladher Pvt Ltd.In an interview with ETMarkets, Vora said: “I make it a point to practice yoga and engage in guided meditation on a daily basis. On average, I spend around 30 to 45 minutes on yoga, which helps me enhance my flexibility, strength, and overall physical well-being” Edited excerpts:Q) Thanks for being part of the segment. You have been in equity markets for decades, tell us how do you keep yourself calm? Thank you for having me.

Uber on Thursday said it has appointed Arnab Kumar as director of business development for India and South Asia. Kumar has had previous stints at cryptocurrency exchange Coinbase, investment fund Prosus Ventures, and at Indian think tank Niti Aayog, where he worked on India's Covid contact tracing app Aarogya Setu. “During his work at Niti Aayog he delivered impact and change at scale. Under his leadership, our business development team will continue to be a key accelerant for our partnerships and new growth opportunities.” said Prabhjeet Singh, president, Uber India and South Asia Arnab has also worked for Deutsche Bank as an investment banker in Singapore and New York.

YouTube videos of bikers on the Great Divide route during Covid, Natalia Kunze told her father she wanted to ride the trail. In 2021, Paul Kunze chaperoned his then 12-year-old daughter on a 770-mile section of the trail from Jackson Hole, Wyo., to Kalispell, Mont. “I’m still amazed she was able to accomplish that feat," he says.

rise of English has made that less necessary. But most people—at least seven of the world’s eight billion—still do not speak English. That leaves options like pantomime, a willingness to be surprised by what arrives at dinner—or, increasingly, technology.

Supreme Court over the legality of driving-licence holders for light motor vehicles (LMVs) operating commercial vehicles without any additional endorsement has multiple stakeholders including drivers, fleet operators and cab aggregators worried, as a reversal of an older ruling could hurt them. A division bench of the top court in 2017 ruled that holders of LMV licences should be allowed to operate transport, or commercial vehicles, as long as the vehicles were up to 7,500 kg of unladen weight. In 2018, the Ministry of Road Transport and Highways issued a notification complying with the court order. Insurance companies appealed against the order before a three-member bench, arguing that this put the safety of people at risk. The bench referred the matter to a five-judge constitution bench, which at a hearing on July 20 asked the ministry to submit its position on the matter.

EY has dismissed a proposal from TPG Capital in which the private equity firm expressed an interest in acquiring a stake in EY’s consulting arm, according to The Financial Times.

The new local country head of a major New York-headquartered professional services firm best known for restructuring bankrupt investment bank Lehman Brothers says the timing is “perfect” for it to bring its business to Australia and compete with its larger rivals.

corporate actions scheduled for this week. Coal India, ONGC, IRCTC, Jindal Steel & Power, Eicher Motors, and Hindalco will trade ex-dividend, while Avantel and Shree Oswal Seeds and Chemicals will ex-split this week.

₹10 to ₹2. EFC Ltd will also declare a stock split on August 18 from ₹10 to ₹2. CL Educate will declare buyback of shares on August 14 and Control Prints will declare the same on August 18.