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Top News In மதிப்புடையது பரோபகாரர் மைக்கா ரஸ்கின் Today - Breaking & Trending Today

Ratan Tata-backed Moglix valued at $1 bn in $120 million new financing round


Infotech > E-business
17 May 2021
Business-to-business marketplace Moglix has raised $120 million in a new financing round at a $1 billion valuation, becoming the 13th Indian start-up to attain unicorn status this year.
Moglix’s overall valuation rose to $1 billion after its latest series-E funding round, led by Falcon Edge Capital and Harvard Management Company (HMC). Existing investors Tiger Global, Sequoia Capital India and Venture Highway also participated in the latest round. 
This brings Moglix’s total fund raising to date to $220 million.
Moglix was founded by IIT Kanpur graduate Rahul Garg, former Head of Advertising Exchange at Google Asia, six years ago. Moglix is engaged in procurement and supply of industrial products mainly used in manufacture, repair and operating, such as fasteners, electrical, hardware, pneumatics, and safety items among others. ....

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Hongi Hika musket valued at $150k withdrawn from auction


Hongi Hika musket valued at $150k withdrawn from auction
13 May, 2021 03:28 AM
4 minutes to read
Threats were made to have the musket pulled from the auction, but Ngāpuhi is hoping to have it resolved.
Threats were made to have the musket pulled from the auction, but Ngāpuhi is hoping to have it resolved.
Reporter, NZ Herald
A leading auction house which was set to sell a musket once owned by Māori chief Hongi Hika has been targeted with threats.
The item was expected to go under the hammer on May 17 in Auckland at Webb s Auctions. It was estimated to have a potential sale price of up to $150,000. ....

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We've recovered $153m from Diezani — EFCC Chairman NEWS


Says she’s forfeited 80 property valued at $80m to FG
New chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, said yesterday that the commission has recovered a whopping $153 million from former Petroleum Minister, Diezani Alison Madueke, who has been staying in Britain since leaving office in 2015.
Beyond the amount recovered from the former oil minister, no fewer than 80 choice property valued at $80 million have also been seized from her and handed over to the federal government.
Bawa, who who disclosed this, also served a notice that he was ready to relinquish his position if anyone brought pressure on him to do what was not legal in the discharge of his duties. But he was quick to add  that bringing the former minister to justice was still far from reality, given the fact that she was out of Nigeria’s jurisdiction and the challenges associated with bringing her home to face justice. ....

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