Indian bitcoin company raises $1.5 million from U.S., Indian investors
NEW YORK Unocoin, a Bangalore-based bitcoin startup, has raised $1.5 million in funding from a mix of Indian and U.S. investors, the company announced on Thursday.
Hyundai Motor Co's(005380.KS) India unit, the country's second biggest carmaker, said it raised vehicle prices by up to 20,878 rupees due to an increase in input costs and currency fluctuations.
Many companies in India, including No.1 carmaker Maruti Suzuki Ltd (MRTI.NS) and the local unit of General Motors Co(GM.N), have hiked prices in recent months despite a slowdown in car sales, as rising costs threaten margins.
Hyundai India had also raised vehicle prices in November.
(Reporting by Aradhana Aravindan; Editing by Anand Basu)
BHUBANESWAR, India Tata Steel Ltd is making good progress on acquiring the land it needs to double the capacity of its newest steel plant in Odisha to meet growing demand in the country, a company executive said.
TOKYO Oil prices dropped on Friday on profit-taking, after rising 7 percent in the past two sessions, amid doubts that OPEC's first planned output cut in eight years would make a substantial dent in the global crude glut.