Pocket Aces Gets Rs 100 Cr Funding from Sequoia, Others

Mumbai, Jul 30 (PTI) Digital entertainment company Pocket Aces on Tuesday said it has raised Rs 100 crore from Sequoia India, DSP Group, 3one4 Capital, and other in its fresh round of fund raising.

The company will utilise the fresh capital to invest in content, technology and talent and will multiply its social distribution by starting three new content channels in the next twelve months.

It aims to hit a run-rate of 1 billion monthly video views on original content by 2020. ********* Solar Industries posts Rs 73.83 cr net profit in Q1

*Solar Industries on Tuesday reported a flattish growth in the quarter ended June 30 at Rs 73.83 crore as against Rs 72.92 crore in the corresponding period last year.

Its total revenues for the quarter increased Rs 620.03 crore in April-June quarter from Rs 614.72 crore in Q1 FY2019.

"The revenues were impacted due to loss of Rs 35.5 crore in overseas due to currency depreciation and economic slowdown in the global market mainly due to the trade war," the company said in a statement issued here. ************** Dubai International Financial Centre signs MoU with Maha govt

*Dubai International Financial Centre (DIFC) and Maharashtra government have signed a memorandum of understanding (MoU) to mutually support fintech start-ups based in their respective markets.

Under the agreement, DIFC and the state government will facilitate the development of their business ecosystems through collaboration and the sharing of resources, a release said.

DIFC is an international financial hub in the Middle East, Africa and South Asia (MEASA) region. **************** Gateway Rail Freight starts inland container depot operations

*Gateway Rail Freight, a subsidiary of Gateway Distriparks, on Tuesday said it has started its inland container depot (ICD) operations at Viramgam near Ahmedabad in Gujarat.

Currently, Gateway Rail operates 30 BLC class trains to provide a daily service between these ICDs and the western ports of Nhava Sheva, Mundra and Pipavav and also offers optional road transport service from these ICDs to provide an integrated intermodal solution for the international trade in NCR and Punjab. ***************** Vibrant Goa-Global Expo to be held between Oct 17-19

*In line with the Vibrant Gujarat and other investment conferences in various states, Goa is organising Vibrant Goa- Global Expo and Summit 2019 (VG-GES 2019) between October 17- 19 this year.

Vibrant Goa, the largest business convention is a B2B initiative supported by Goa government which is expected to attract investment in industrial sector of the state, the release said.

Privately owned trust, the Vibrant Goa Foundation (VGF) signed a memorandum of understanding (MOU) with the Goa Chamber of Commerce and Industry (GCCI) and several important industrial bodies on Tuesday.

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