Tag: Indian rupee

FundingStartups

Kuku Secures $85M Funding as India’s Mobile Content Market Heats Up

Kuku, the Indian storytelling platform backed by Google, has reportedly secured $85 million in Series C funding, doubling its valuation to approximately $500 million. The funding comes as digital media overtakes television in India’s entertainment sector for the first time, with platforms competing fiercely for the attention of mobile-first consumers.

Major Funding Round Values Kuku at $500 Million

Indian storytelling platform Kuku has reportedly raised $85 million in fresh funding as competition intensifies in the nation’s rapidly growing mobile content market, according to reports from TechCrunch. The Series C round, led by Granite Asia, values the startup company at approximately $500 million—more than double its previous valuation, sources indicate.

by Gabriel Novak
Business AcquisitionEconomy and Trading

Nestle India Q2 Profit Rises on Strong Maggi and Nescafe Demand, Shares Surge

Nestle India posted a marginal increase in second-quarter profit, benefiting from improved urban demand for Maggi noodles and Nescafe coffee. Shares surged approximately 5% to a one-year high following the earnings report, according to Reuters.

Nestle India Reports Quarterly Profit Growth

Nestle India posted a marginal increase in second-quarter profit on Thursday, reportedly benefiting from improving urban demand for popular products including Maggi noodles and Nescafe coffee. According to reports, shares jumped about 5% to a one-year high following the earnings announcement.

by Gabriel Novak
Business AcquisitionEnergy Policy

SEBI Issues Interim Order Against Indian Power Regulator Officials in Insider Trading Case

India’s Securities and Exchange Board has taken action against Central Electricity Regulatory Commission officials for allegedly trading on sensitive market coupling information. The regulator has ordered the deposit of substantial gains and imposed securities market bans in its interim ruling.

Market Regulator Takes Action Against Power Officials

India’s primary market watchdog has issued an interim order against officials from the country’s federal power regulator for alleged insider trading activities, according to reports from Reuters. The Securities and Exchange Board of India (SEBI) has taken action against two officials from the Central Electricity Regulatory Commission along with related individuals.

by Aaron Blake