What is it? The amount India’s largest online food ordering startup Swiggy said it has raised from a set of investors, led by Naspers and DST Global.
Why is it important? With this, the total amount raised by the startup is $465.5 million and it has achieved the status of unicorn (privately-held companies valued above $1 billion), only the second one after Zomato in the food technology space. The funds, which would be used to improve its supply chain network and expand into new markets, would help it to better compete with Zomato and new entrants such as UberEats and Ola’s Foodpanda.
Tell me more: The new investors in this deal include DST Global and Coatue Management, who joined existing ones, Naspers and Meituan Dianping.
What is it? The time provided to announce the price band of an initial public offering (IPO), according to the Securities and Exchange Board of India (SEBI), from the earlier five days’ duration.
Why is it important? The markets regulator announced some measures on Thursday, especially related to IPOs and share buybacks, with the aim of reducing redundancies and simplifying language. The other changes include harmonisation of shareholding limits across market infrastructure institutions, auditor disclosures to be in line with Kotak committee recommendations and mandatory auditor disclosures effective from April.
Tell me more: SEBI said it has begun initiating action against entities and individuals in the case where National Stock Exchange officials had allegedly provided high-frequency traders unfair access to co-location servers at the exchange site.
What is it? The amount in barrels per day by which countries belonging to the Organisation of the Petroleum Exporting Countries (Opec) and its allies are likely to increase production of crude oil.
Why is it important? The group meets on Friday in Vienna for its biannual meeting, which will decide output policy. The meeting is happening in the backdrop of calls from major consumers like US, China and India to increase production, which would lower prices. Iran, the third-largest producer in Opec and which saw new sanctions from the US in May, is opposed to the deal.
Tell me more: Since last year, OPEC and its allies have cut output by 1.8 million barrels per day. In the past 18 months, crude prices have increased from $42 a barrel to about $70 in the past year.
Rs 75-80 crore
What is it?The amount that the white water rafting industry earns from this activity in Uttarakhand.
Why is it important?On Thursday, this was temporarily in peril after the Uttarakhand High Court released its order in a case banning paragliding, white water rafting and other water sports until the administration put in place a policy to regulate them across the state. It gave the state two weeks to draft a policy.
Tell me more: Besides environmental violations and excesses, the rafting industry in Uttarakhand has also been rocked by deaths in recent years.
What is it? The number of World Cup matches that talismanic Argentinian footballer Lionel Messi has failed to score in now.
Why is it important? On Thursday, Croatia made Argentina pay for defensive lapses, and beat them 3-0 in group match in the 2018 world cup to leave them on the brink of elimination. Argentina now have only 1 point from two matches, and will need a big win in their last match against Nigeria, and some help from other results.
Tell me more: France on Thursday qualified for the round of 16, beating Peru 1-0.