India Inc seeks resolution of other retro tax issues indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
MUMBAI: If India’s stocks are on a roll, can its currency be left far behind? The rupee, otherwise vulnerable to the direction and quantum of fund flows, is showing signs of remarkable stability - much to the satisfaction of those with unhedged foreign currency exposures.
The rupee, which was the third-best performer in Asia through July, is unlikely to turn volatile and jangle the nerves of businesses with significant overseas exposures as the wise men in central banks around the world concur on the need for an accommodative monetary policy to nurse a nascent – and patently vulnerable – economic growth globally.
Indian casual wear brand The Souled Store raises $10m from Elevation Capital
Photo by Priscilla Du Preez on Unsplash
August 4, 2021
Mumbai-based casual wear brand The Souled Store on Wednesday said that it has raised Rs75 crore as a part of its Series B funding led by Elevation Capital.
The investment round also saw participation from angel investors and startup founders including – Sahil Barua, co-founder Delhivery; Gunjan Soni, chief executive officer, Zalora; Revant Bhate, co-founder, Mosaic Wellness; Ramakant Sharma, founder, Livspace among others.
According to the company, it will be using the capital to expand its product portfolio on both licensed merchandise and casual wear, while building better brand awareness and offline retail presence pan India. The company will also be using the funds to expand its manufacturing capabilities and focus on recruiting activities.
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