Reliance Jio Secures $2.2 Billion Fund Support to Accelerate 5G Rollout

15 August 2023 4 scaled

Reliance Jio Secures $2.2 Billion, In a strategic move that is set to reshape the landscape of telecommunications in India, Reliance Jio, a prominent player in the industry, has successfully secured a substantial fund support of $2.2 billion. This crucial backing, provided by the Swedish export credit agency, carries significant implications for Reliance Jio’s ambitious … Read more

Exploring the Value of Alternative Investment Funds in Your Portfolio

Alternative Investment Funds (AIFs) have emerged as a significant component in the portfolios of many high net worth individuals (HNI) and family offices. According to the Securities and Exchange Board of India (SEBI), AIFs have raised an impressive total amount of ₹8.3 trillion as of 31st March. Despite being a relatively new asset class, the … Read more

Why Activist Investors Are Poised for a Busy Year -Carl Icahn

In the world of finance, activist investors have been making waves, and 2023 looks to be no different. Led by the seasoned billionaire Carl Icahn, these investors are gearing up to wield significant influence in companies they target. In this article, we will delve into the strategies and motivations of activist investors, explore their recent … Read more

Understanding Tax Deduction on Rent Paid to an NRI: Essential Guidelines

Tax Deduction on Rent Paid, Renting a property from a non-resident Indian (NRI) landlord comes with specific tax implications that both tenants and landlords must be well-informed about. Under Indian income tax laws, the payer (tenant) is required to deduct tax at source (TDS) on the taxable income of the non-resident landlord and deposit it … Read more

Together Fund Closes First Round of $150 Million Fund for Early-Stage SaaS and AI Startups

Together Fund, an early-stage venture capital firm specializing in software-as-a-service (SaaS) companies, has successfully completed the first close of its second fund, boasting a substantial corpus of $150 million. The company aims to utilize the proceeds to invest in early-stage SaaS and artificial intelligence (AI) startups. With institutional investors from both the US and Asia … Read more

Wiom Secures $17M in Series A Funding Backed by RTP Global, Omidyar, and Others

New Delhi-based telecom startup, Wiom, has recently announced the successful completion of its Series A funding round, raising an impressive $17 million (approximately ₹139 crore). The funding round saw strong support from prominent investors such as RTP Global, YourNest, Omidyar Stride One, Network India, Global Brain, Blume Founders Fund, Alteria Capital, and 9 Unicorns, among … Read more

Steps to Earn Passive Income from Real Estate, According to an 89-Year-Old Who Did It

Real estate investment has long been recognized as a lucrative avenue for generating passive income. The idea of earning money while you sleep is appealing to many individuals seeking financial independence. However, venturing into the realm of real estate can be overwhelming, especially for those new to the field. To shed light on this topic, … Read more

5 Things Millionaires Never Waste Money On Insights from Interviews with 233 Millionaires

Millionaires Never Waste Money On In a quest to understand the habits and mindset of the wealthy, a five-year study was conducted, involving interviews with 233 millionaires. These individuals, with an annual gross income of at least $160,000 and net assets totaling $3.2 million, came from diverse backgrounds and experiences. The focus of the study … Read more