Demonetisation effects in India to disappear in medium term: World Bank

The World Bank today said that the "adverse effects" of demonetisation in India will disappear in the medium term, saying any reform has short-term costs.  "Any reform has short-term costs but ultimately reforms will bring long-term gains. In the case of India, we expect whatever the adverse effects of these changing of notes to basically disappear in the medium term," Ayhan Kose, Director of Development Prospects Group at the World Bank told reporters during a conference call.

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Barkha Dutt quits NDTV after 21 years, likely to start own venture

Senior journalist Barkha Dutt has resigned as Consulting Editor of NDTV. According to reports, she is likely to start her own venture. In an official statement issued, NDTV appreciated her long-time association with the channel and wished her all the best for her future. Dutt rose to prominence in journalism for her fearless coverage of Kargil war in 1999. She later became the face of NDTV’s programme We The People. She has won many national and international awards, including the Padma Shri, India’s fourth highest civilian honour. 

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PE inflows into real estate up 62% to Rs 38,000 cr in 2016

Private Equity (PE) inflows into Indian real estate in calendar 2016 increased by 62 per cent to Rs 38,000 crore as compared with Rs 23,500 crore in 2015. Of the entire sum, Rs 13,500 crore was investment via pure equity while the rest was via different structures of debt. Even in terms of pure equity, 2016 saw an impressive increase of 29 per cent year-on-year (y-o-y), said Shobhit Agarwal, Managing Director–Capital Markets & International Director, JLL India. After the change in its regulatory framework, the country is now looking way more attractive to investors.

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ZoloStays raises Rs 26 Cr funding led by Nexus Venture Partners

Nexus Venture Partners has led a Rs 26-crore round of funding in ZoloStays Property Solutions, which owns and operates managed accommodation platform Zolo. The series-A round also includes a venture debt component of Rs 4.5 crore, extended by venture debt firm InnoVen Capital. According to the documents filed by the company with the registrar of companies (RoC), Nexus has been allotted 4,153 series-A preference shares at a premium of Rs 48,300 with a second investor, Nestavera Investment Advisory Solutions, pumping in an additional Rs 1.67 crore.

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