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Safiyya Riyadh turns breast milk into jewellery at Magenta Flowers a £1.5M turnover business

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Safiyya Riyadh runs a jewellery business that preserves breast milk into a wearable memento. Magenta Flowers is expected to clock a turnover of £1.5million in 2023. We come across a variety of jewellery trends every now and then. Some are new, fascinating, and intimate, while others are simply odd. And breast milk jewellery is an excellent illustration of the latter. You may be surprised that breast milk has become to be a lucrative industry. Magenta Flowers, owned by Safiyya and Adam Riyadh, is an award-winning company that transforms special occasion flowers into cherished keepsakes. Breast milk is kept before being transformed into a wearable remembrance Magenta Flowers. Magenta Flowers makes breast milk necklaces, earrings, charms, and rings by hand to assist customers in immortalising whatever keepsake they wish. The company has fulfilled almost 4,000 orders since its inception in 2019. However, the company recently ventured into uncharted territory by expanding...

Lok Sabha completes FY23 budgetary exercise by approving Finance Bill 2022

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The Lok Sabha has passed the Finance Bill for this year. With this the Budgetary exercise for 2022-23 fiscal has been completed. On March 25, the Lok Sabha enacted the Finance Bill 2022, which implements new levies, completing the Budgetary exercise for the fiscal year 2022-23. The Finance Bill was adopted by the Lower House after adopting 39 official modifications suggested by Finance Minister Nirmala Sitharaman and rejecting opposition amendments by voice vote. Sitharaman stated that India was likely the only country that did not impose new taxes to fund the recovery of the economy affected by the COVID pandemic. According to an OECD report, as many as 32 countries raised tax rates in the aftermath of the outbreak. "Instead, we put more money where the multiplier effect would be greatest," she explained, alluding to the Budget's emphasis on increasing capital expenditure. The Budget 2022-23 increased Capex by 35.4 percent to Rs 7.5 lakh crore in o...

Delhi Deputy CM Manish Sisodia announces 20 lakh jobs, better healthcare in FY23 Rozgar Budget

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Delhi Deputy Chief Minister Manish Sisodia has presented the budget for FY23. While presenting the budget, the minister made several key announcements. The Deputy Chief Minister of Delhi submitted a Rs 75,800 crore budget in the Assembly on Saturday for the fiscal year 2022-23. Manish Sisodia also stated that the budget is intended to aid in Delhi's economic recovery following COVID-19. "The Delhi economy is gradually recovering from the COVID-19 consequences." Sisodia remarked in his budget address, "The budget allotment for 2022-23 is Rs 75,800 crore." The budget for fiscal year 2021-22 was Rs 69,000 crore. The budget for 2022-23 is 9.86% more than the previous year's. This is the seventh budget in a row for the Aam Aadmi Party (AAP) government. According to Sisodia, the budget for 2022-23 is a "Rozgar Budget." He also stated that Delhi's per capita income is 2.7% more than the national average. "The an...

IIFL leads Rs 100 cr funding round in dental tech startup Toothsi

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Dental tech startup Toothsi has secured Rs 100 crore. Stride Ventures had just loaned the company $9 million. Mumbai-based Toothsi has secured slightly over $13 million (Rs 100 crore) in a new funding round headed by IIFL. This is the dental tech startup's second round of funding. Toothsi had just received a $9 million loan from Stride Ventures. According to the company's regulatory filings, Toothsi has passed a special resolution to issue 460053 CCPS VI at an issue price of Rs 2173.66 per share for a consideration of Rs 100 crore. This transaction has been funded by the IIFL Tech Large Value Fund and Mahendra Chunilal Shah, who have contributed Rs 75 crore and Rs 25 crore, respectively. This could be part of a larger funding round for Arpi Shah's company. According to Fintrackr, Toothsi raised the financing at a post-money valuation of $252 million. So far, the company has received over $47 million in stock and debt, including a $20 million Seri...

India's dotcom pioneer Rajesh Jain’s second startup gears up for IPO

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Rajesh Jain is considered a pioneer of India's dotcom sector. He is now preparing his second startup Netcore Cloud Pvt. for an initial public offer. Rajesh Jain is preparing his second startup, Netcore Cloud Pvt., for an IPO within the next year, following a $100 million acquisition this month. The 54-year-old said during a Zoom call on the acquisition and the IPO, "We've had preliminary discussions with a half-dozen bankers, and the formal process will begin in the next couple of months. We plan to go public within the next nine to twelve months." Mumbai-headquartered Netcore is a software-as-a-service (SaaS) startup that specialises in providing businesses with client communication and engagement solutions. It acquired roughly a 90% ownership in Unbxd Inc., a San Mateo, California-based e-commerce search-personalization startup . Netcore's offers to its global customers, including Pizza Hut Inc., The Body Shop Inc., and Tommy Hilfiger Corp...

Top 10 Most Promising Fintech Firms in India 2022

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FinTech firms are technological alternatives to traditional financial firms' back-end systems in the twenty-first century. Find out the top 10 most promising fintech firms in India 2022. Fintech is the term used by financial institutions to describe the technology that powers their back-end systems in the early twenty-first century. A fintech firm creates technologies to improve and automate financial services. Aside from education, retail banking, fundraising, non-profits, and investment management, fintech encompasses a wide range of other industries. FinTech use software and algorithms to manage financial procedures and operations. Despite the rise of FinTech in a variety of areas, much of the industry remains focused on the old global banking industry. FinTech has also become involved in the development and use of cryptocurrencies such as Bitcoin, which has resulted in a big change in India. They immediately give financing without collateral by allowing ...