The venture capital arm of Wipro Consumer Care & Lighting plans to do more follow-on investments from its second fund, which has a corpus of Rs 250 crore, according to its top executive.The approach of Wipro Consumer Care – Ventures has been to invest $1-3 million per deal with a follow-on investment that can go up to $4 million. The second fund will look to build a portfolio of around 15-16 companies, largely with the same ticket sizes, with a little more focus on follow-on funding, said the VC...
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Consumers are girding for inflation to settle in over the long haul. But they intend to keep spending. As reported on Monday (May 13), the Federal Reserve Bank of New York’s Center for Microeconomic Data detailed that, per the April Survey of Consumer Expectations, inflation’s expected to be higher one year from now, slightly lower at the three year mark, […]
Stocks rallied during a quiet week for economic data on Wall Street. The Nasdaq Composite (^IXIC) rose just under 1% while the S&P 500 (^GSPC) popped almost 2%. The S&P 500 ended Friday back above 5,200 for the first time since early April. Meanwhile, the Dow Jones Industrial Average (^DJI) rose more than 2% on […]
NEW ORLEANS >> Debate over whether U.S. interest rates are high enough deepened among Federal Reserve officials this week, and may be stoked further after a key survey showed a jump in consumers’ inflation expectations.
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By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Japan has reported that its economy contracted at an annual rate of 2% in the first quarter of the year, as spending and exports declined. The Cabinet Office said Thursday that on a quarter-to-quarter basis, the preliminary seasonally adjusted gross domestic product, or GDP, a measure
By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Japan has reported that its economy contracted at an annual rate of 2% in the first quarter of the year, as spending and exports declined. The Cabinet Office said Thursday that on a quarter-to-quarter basis, the preliminary seasonally adjusted gross domestic product, or GDP, a measure
Japan's economy shrinks on weak consumer spending, auto woes
Japan has reported that its economy contracted at an annual rate of 2% in the first quarter of the year, as spending and exports declined