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Venture Highway raises $78 mn to fund early-stage tech companies in India

With portfolio companies such as Meesho, Sharechat, Moglix, and Cars24, the early-stage investment firm has so far invested in 20 start-ups




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Bounce raises fresh funding to fuel electric vehicle integration, expansion

This marks InnoVen Capital's third investment in Bounce, in a span of 18 months




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Recko raises $6 mn in Series A funding; to use funds for expansion, hiring

The investment was led by Vertex Ventures SEA and India, and saw participation from existing investor Prime Venture Partners.




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Ramco bags contract from New Zealand's fertiliser company Ravensdown

By using Ramco Aviation Suite, Ravensdown Aerowork aims to improve operational efficiencies




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With health dept in quarantine, MP struggles to tackle coronavirus pandemic

After Kumar and Govil were tested positive, the government's first response was to downplay the news




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MP cabinet expansion likely today amid growing pressure, Covid-19 crisis

The cabinet has not been expanded since Shivraj Singh Chouhan took oath as chief minister for the fourth time on March 23, after his predecessor Kamal Nath of the Congress stepped down




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Shivraj inducts five ministers in Cabinet expansion; MP gets a cabinet

The state was without a cabinet for the last two months owing to the COVID-19 pandemic after Chouhan was sworn in as CM on March 23




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Giant Panda No Longer on Endangered Species List

The giant panda is no longer a critically endangered species, but the eastern gorilla is now classified as one, the International Union for Conservation of Nature says in the latest update of its "Red List." Photo: AFP/Getty




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Brexit & Beyond: Companies Prepare for No-Deal Brexit Complications

To subscribe to the newsletter, please sign up here Dear reader, We are ending the Brexit & Beyond newsletter on Jan. 31, and will soon begin sending you our daily What’s News newsletter. It features the best of The Wall Street Journal, including Brexit and European news. You can also stay up to date on the […]




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ASEAN holds special summit on response to COVID-19 pandemic

Leaders of the 10-member Association of Southeast Asian Nations (ASEAN) on Tuesday morning met via videoconference to deliberate on a strategy to combat and overcome the COVID-19 crisis, ensuring peaceful life of people and sustainable development of countries in the region.In his capacity as ASEAN Chair 2020, Vietnamese Prime Minister Nguyen Xuan Phuc chaired the virtual summit, attended by the heads of state or government of the 10 ASEAN members- Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, and the ASEAN secretary-general, Xinhua news agency reported.The leaders are expected to focus their discussions on containing and preventing the spread of COVID-19, supporting people in the countries hit by the disease, including providing consular assistance to ASEAN citizens living, working and studying in other ASEAN nations or a third country, and minimizing socioeconomic impacts of the pandemic.They are also expected to adopt a ...




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Japan Stocks shines on BOJ monetary policy easing

Total 32 issues of 33 industry category of Topix index were in positive territory, with Marine Transportation, Iron & Steel, Nonferrous Metals, Air Transportation, Electric Appliances, Real Estate, and Glass & Ceramics Products issues being notable gainers.




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Japan Stocks mixed on profit booking ahead of holidays

Total 17 issues of 33 industry category of Topix index were in positive territory, with Rubber Products, Air Transportation, Services, Electric Appliances, Precision Instruments, Securities & Commodities Futures, and Information & Communication issues being notable gainers, while Iron & Steel, Mining, Chemicals, Nonferrous Metals, and Land Transportation issues were notable losers.




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Japan Stocks gain on hopes for COVID-19 treatment

Total 23 issues of 33 industry category of Topix index were in positive territory, with Mining, Securities & Commodities Futures, Iron & Steel, Real Estate, Nonferrous Metals, and Glass & Ceramics Products issues being notable gainers, while Electric Power & Gas, Other Products, Air Transportation, Information & Communication, and Foods issues were notable losers.




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Japan Market closed for a national holiday

Asian stock markets fell sharply on Monday, 04 May 2020, as risk sentiment turned sour on reigniting tensions between the world's top two economies after U.S. officials tried to pin blame for the coronavirus pandemic on China.




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Japan Market closed for a national holiday

Asian stock markets advanced on Wednesday, 06 May 2020, as investors risk sentiments buoyed on tracking positive cues overnight from Wall Street after reports of easing of coronavirus lockdown restrictions in Europe and the U.S. Stocks also saw a modest boost from a rebound in oil prices.




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Japan Stocks end mostly lower amid continued coronavirus concern

Total 21 issues of 33 industry category of Topix index were in negative territory, with Air Transportation, Insurance, Land Transportation, Iron & Steel, Nonferrous Metals, and Oil & Coal Products issues being notable losers, while Other Products, Electric Appliances, Metal Products, Construction, and Pharmaceutical issues were notable gainers.




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Japan Stocks surge on easing coronavirus pandemic fears

Total 32 issues of 33 industry category of Topix index were in positive territory, with Iron & Steel, Nonferrous Metals, Marine Transportation, Land Transportation, Wholesale Trade, Real Estate, and Securities & Commodities Futures issues being notable gainers.




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GSK Pharma plans Rs 500-cr expansion of its Nashik unit

This investment is in addition to Rs 1,000 crore investment for a greenfield plant in Bengluru announced last year




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Maha forms panel to track MoUs signed at Make in India week

Event through Feb 13-18 at BKC in Mumbai brought in 2,594 MoUs entailing Rs 7.94 lakh cr investments




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Government Contemplating Policy On Import Substitution In The Wake Of New Economic Situation Created By COVID-19 Pandemic: Nitin Gadkari

Union Minister for MSME and Road Transport and Highways, Nitin Gadkari informed that a policy on imports substitution is being thought of in the wake of the new economic situation created by COVID-19 pandemic. He called upon various stake-holders to convert knowledge into wealth by improving quality through innovations and cutting down cost. He sited the example of a Nagpur based MSME Orange cluster taking up PPE making from scratch. These PPEs cost between Rs 550 to Rs 650 against the market price of about Rs 1200 for which country was heavily import dependent. The cluster is in a position to supply large quantity of PPEs.




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HDFC Life Insurance Company Ltd rises for third straight session

HDFC Life Insurance Company Ltd is quoting at Rs 519.65, up 5.08% on the day as on 12:54 IST on the NSE. The stock is up 26.88% in last one year as compared to a 17.57% slide in NIFTY and a 20.42% slide in the Nifty Financial Services index.




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HDFC Asset Management Company standalone net profit declines 9.54% in the March 2020 quarter

Sales decline 2.13% to Rs 476.13 crore




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Trump utterly failed to prepare for COVID-19 pandemic: Biden

Democratic Party's presumptive presidential nominee and former US vice president Joe Biden alleged on Friday that President Donald Trump utterly failed to prepare for the COVID-19 pandemic and said his entire economic strategy is focussed on helping the wealthy and big corporations. Referring to the record 2.05 crore jobs lost in April alone, resulting in an unprecedented unemployment rate of 14.7 per cent now -- the highest since the Great Depression -- Biden, in a major policy speech, said it is an economic disaster, worse than any in decades, and it was made all the more worse because it did not have to be this way. "Donald Trump utterly failed to prepare for this pandemic and delayed in taking the necessary steps to safeguard our nation against the near-worst-case economic scenario we are now living in," he said in his remarks on "Trump's Disastrous Economy". COVID-19 caused a massive economic challenge, but the crisis hit the US harder and will last longer because Trump spent the




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Stuck on cruise ships during pandemic, crews beg to go home

Carolina Vasquez lost track of days and nights, unable to see the sunlight while stuck for two weeks in a windowless cruise ship cabin as a fever took hold of her body. On the worst night of her encounter with COVID-19, the Chilean woman, a line cook on the Greg Mortimer ship, summoned the strength to take a cold shower fearing the worst: losing consciousness while isolated from others. Vasquez, 36, and tens of thousands of other crew members have been trapped for weeks aboard dozens of cruise ships around the world long after governments and cruise lines negotiated their passengers' disembarkation. Some have gotten ill and died; others have survived but are no longer getting paid. Both national and local governments have stopped crews from disembarking in order to prevent new cases of COVID-19 in their territories. Some of the ships, including 20 in US waters, have seen infections and deaths among the crew. But most ships have had no confirmed cases. "I never thought this would turn




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Egypt's president expands powers, citing virus outbreak

Egypt's President Abdel-Fattah el-Sissi on Saturday approved amendments to the country's state of emergency that grant him and security agencies additional powers, which the government says are needed to combat the coronavirus outbreak. An international rights group condemned the amendments, saying the government has used the global pandemic to expand, not reform, Egypt's abusive Emergency Law. The new amendments allow the president to to take measures to contain the virus, such as suspending classes at schools and universities and quarantining those returning from abroad. But they also include expanded powers to ban public and private meetings, protests, celebrations and other forms of assembly. The government has waged an unprecedented crackdown on dissent since 2013, when el-Sissi rose to power, and unauthorized protests have been banned for years. The amendments also allow military prosecutors to investigate incidents when army officers are tasked with law enforcement or when the .




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Colombian advertising company pitches morbid solution for hospital bed and coffin shortages

A Colombian advertising company is pitching a novel if morbid solution to shortages of hospital beds and coffins during the coronavirus pandemic: combine them. ABC Displays has created a cardboard bed with metal railings that designers say can double as a casket if a patient dies. Company manager Rodolfo Gmez said he was inspired to find a way to help after watching events unfold recently in nearby Ecuador. Families in the coastal city of Guayaquil waited with dead loved ones in their homes for days last month as COVID-19 cases surged. Many could not find or were unable to afford a wood coffin, using donated cardboard ones instead. Gmez said he plans to donate 10 of his new beds to Colombia's Amazonas department, where resources are in short supply. So far there is no indication whether the beds will be put to use and no orders have been placed.




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Harvesters struggle to recruit foreign crews during pandemic

Kansas harvester Mike Keimig is growing increasingly anxious about whether the foreign seasonal workers he needs to run his nine combines and drive his grain trucks will arrive in time for the start of the winter wheat harvest, which is just weeks away. His regular crew mostly comprises farm kids from South Africa who return to work for him every year, but they are stuck overseas. The paperwork for about half of the 20 agricultural worker visas he has applied for remains in limbo at the shuttered U.S. Consulate in Johannesburg. The closure of embassies and consulates due to the coronavirus pandemic is not the only obstacle to bringing in seasonal workers. Governments have closed their borders. Overseas workers who have visas cannot get on a flight. And once they arrive, they would face weeks of quarantine before they could work. It will definitely have a big impact on our finances ... if we can't get help to run our equipment, Keimig said. It would even have an effect on the farmers. .




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Mother's Day: Home and beyond, finding a partner for the pandemic

He hops off a helicopter, whips off his shades and makes a dash through the grounds towards his home to give his mother a surprise, but there she is, waiting at the door with a pooja thali' in her hand. That admittedly cheesy scene between Shah Rukh Khan and Jaya Bachchan from the blockbuster Hindi film Kabhi Khushi Kabhi Gham was playing in Sonali Puri's mind when she was on a Mumbai-Jammu flight to give her mother a surprise last month. Her mother was at the door just as she had imagined but instead of a thali' was a hand sanitiser! Good hygiene is a blessing in times of coronavirus, my mother told me, laughed the 37-year-old. That was in mid-March, a few days before the coronavirus forced lockdown began on March 25. And home in Jammu is where Puri still is, the short vacation turning into extended mother-daughter downtime, both recalibrating their equations as they spend focused time with each other after years. This Mother's Day, the first time perhaps that Puri has been home, she




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Panel needed to help states tide over fiscal crisis: CM to PM

: Chief Minister of Puducherry V Narayanasamy on Saturday urged Prime Minister Narendra Modi to appoint an expert committee to help states overcome the fiscal situation in the wake of the COVID-19 lockdown. He told reporters here that he had written a letter to the Prime Minister urging him to constitute immediately the expert committee to go into the poor fiscal condition of the states during the current lockdown and help mobilise funds to meet their commitments. The expert committee should be given a time-frame of one week to come out with its recommendations as to how the Centre could help the states wriggle out of the fiscal crisis and how States could rise to the exigency, he said. Narayanasamy hoped the Prime Minister would consider his suggestion and take appropriate action. "I am speaking candidly and making the suggestion for all states which no BJP-ruled state Chief Ministers will express,", Narayanasamy a former Central Minister, said. Already, he said, ...




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COVID-19 challenges: TN forms panel under ex-RBI Guv Rangarajan to improve fiscal position

The Tamil Nadu government on Saturday set up a high-level committee headed by former Reserve Bank of India governor C Rangarajan to examine fiscal challenges facing the state owing to the COVID-19 pandemic and suggest the way forward to improve its fiscal position. The committee, which will also consist of Finance Secretary S Krishnan as coordinator, will submit its report to the government within three months, according to a Government Order. The committee, with 21 members, would assess the overall immediate and medium term impact of the COVID-19 pandemic on different sectors of the state's economy including the impact of lockdown, additional costs and implications due to social distancing and their precautionary measures. Also, it would assess the opportunities and threats in the short and medium term, suggest measures required to help the important sectors of the economy to overcome the impact of the virus pandemic. Apart from identifying specific reform measures to ..




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My Budget: Rohan Bopanna

It's disappointing to see that there is no allocation or subsidy for sports as we are working towards the Olympics to be held next year




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Movies and Theme Parks: 'Baby Shark' Creators Look to Expand Empire

The South Korean company behind the hit video "Baby Shark" is hoping to expand its empire with films and merchandise while pursuing the next viral sensation. Its strategy aims to beat competitors in an increasingly crowded space for children’s attention. Image: Pinkfong




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Expanding steel maker skirting enviro-law?


Jindal Steel and Power Ltd. is seeking environmental clearance for a proposed Rs 2000 crore expansion project in Chhatisgarh. A public hearing this January witnessed plenty of local opposition. The 17 July visit of a Ministry of Environment expert committee has not inspired faith in due process, writes Kanchi Kohli.




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Rewarding violators with room for expansion


Unmindful of evidence that Nalwa Sponge Iron Limited had started civil works for its expansion without environmental clearance, officials rush through a public hearing to review the new project. An operation that is already violating regulations is given the merit of due process for its expansion under the same law, notes Kanchi Kohli.




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Expert panel giving conflicted IPR approvals


Many of the institutions or departments who have sent in applications for IPR consideration to the NBA are also represented on the committee which evaluates the applications, reports Kanchi Kohli.




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In defence of Pandit Nehru


Darryl D'Monte talks about his recent participation in a discussion on Nayantara Sahgal's book on Nehru, which delves into Nehruvian policies, his cherished dreams, his lasting legacy and its importance in today's time.




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US-EU spanner in the works of India's food security programme


India's food security bill is on top of the negotiating agenda for the forthcoming WTO Conference at Bali. Devinder Sharma explains why the likely compromise in the face of posturing from developed countries could have serious ramifications for food security and self-sufficiency.




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Inaction on panel findings against beverage major


A Pepsi bottling plant in Kerala is extracting excess groundwater and may be subjecting it to contamination risks, a state government study had reported several months ago. Despite meeting five times, a state assembly committee has not acted. M Suchitra digs deeper.




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Hill women no longer panic over water scarcity


In many part of rural India, women spend most of their time walking long distances to collect water for their household's needs. Nitin Jugran Bahuguna visits the Himalayan state of Uttarakhand where the women no longer have to worry about fetching water from long distances thanks to an intervention that has brought potable water right to their doorstep.




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Nothing secret about Panel reports


Central Information Commission asks MoEF to make an environment expert panel's report public, outlining arguments that could be used for disclosure of many other documents. Krishnaraj Rao writes.




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Turo, the ‘Airbnb for Cars’, Angers Rental Car Companies

Turo lets individuals rent their personal vehicles. Some “hosts” are building businesses at airports that major car rental companies slam as unfair competition. WSJ’s Jason Bellini reports. Photo: Jake Nicol/The Wall Street Journal




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Carlos Ghosn Details Why He Escaped Japan

Former automotive executive Carlos Ghosn said he "fled injustice" in Japan. WSJ's Chip Cummins explains what Wednesday's crowded press conference in Beirut tells us about Mr. Ghosn's next steps. Photo: Maya Alleruzzo/Associated Press




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Mixpanel CEO’s Unicorn Dreams Take a Back Seat to Cutting Costs

Mixpanel’s efforts to fuel rapid growth cost the startup, which is now struggling to regain its stature in a highly competitive industry.




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How to Survive the Company Picnic

You aren't being judged at office parties--in most cases--but you will be scrutinized if you drink too much, make off-color remarks or behave in a manner that doesn't fit in your workplace. Dennis Nishi reports on Lunch Break. Photo:Getty Images.




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UPA moots 50 pc quota for women in Panchayats

Sources state that the proposal, which is likely to be voiced by President Pratibha Patil in her address to the joint Houses of Parliament on June 4 as one of the priorities of the government, is said to be the brainchild of Rahul Gandhi.




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Motion Sick? This Tech Company Thinks It Might Have a Solution

If you’ve read a book in a car, you probably know what motion sickness feels like. WSJ’s Tim Higgins visits Massachusetts-based ClearMotion, which is betting its suspension technology could provide a solution as we move closer towards a future with driverless cars. Photo: Max Esposito/WSJ




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Private investment not a panacea for all ills


India's energy set-up requires a major overhaul in order to keep up with the growth imperative, but there may be no quick-fix solutions. Ashok Sreenivas and Sreekumar N outline the critical areas of concern that call for focused solutions beyond the ambit of private investment.




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Irula panchayat heads push for upliftment


35 Irula (ST) candidates had contested in the recent local body elections in Tamilnadu and 15 won panchayat presidentships. And this, Irulas hope, will translate into creation of a vocal pressure group of leaders that will ensure development for them. Krithika Ramalingam has more.




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Malnutrition rampant, may trigger crisis


"India should be worried." Experts reiterate that child malnutrition is not only responsible for 22 per cent of India's disease burden - and for 50 per cent of the 2.3 million child deaths in India -- but is also a serious economic hazard. Neeta Lal reports.




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Expand the moral commons


Our notions of collateral damage have done enormous harm to the ecological balance which sustains life on this planet. A new politics is needed to recover from this, writes Rajesh Kasturirangan.