Overall Investment Dollars Down, Says Quarterly Report, But Seed Deals Strong

first_imgTop Reasons to Go With Managed WordPress Hosting Why Tech Companies Need Simpler Terms of Servic… For the full report, including information about health and green sectors, see the CB Insights website. Tags:#start#tips A Web Developer’s New Best Friend is the AI Wai… Investment research firm CB Insights has released its report on the third quarter of 2010. And the report is very much a mixed bag: overall funding dollars are down, but the number of deals is up. And seed funding in particular, according the report, is strong.VC funding dipped to $5.4 billion in the third quarter of this year, a five quarter low. But deal activity recorded its second highest tally in 8 quarters. Absence of mega deals, according to the report, hurt the funding total. The report finds that California, Massachusetts, and New York saw a decreased number of deals and the amount of funding (from 70% of funding dollars in the second quarter to 63% in the third quarter), while Washington state saw an increase. Despite some of the reports that have found investment flow down this year, the CB Insights report sees seed funding gaining in prominence. The report finds that early stage funding for Internet companies was the strongest in the last quarter than it’s been over the last 5 quarters.center_img Within the Internet sector, VC investment remained strong in advertising and in social. audrey watters 8 Best WordPress Hosting Solutions on the Market Related Posts last_img read more

US lays down line with China on next Dalai Lama

first_imgWashington DC: As Tibetans start grappling with the once unthinkable prospect of the octogenarian Dalai Lama’s passing, the United States is looking to lay down a red line against China handpicking his successor. Through a warning from a senior official and legislation under consideration in Congress, the United States is hoping to make clear in advance that Beijing would face international opprobrium if it tries to take over the reincarnation process. Also Read – Saudi Crown Prince ‘snubbed’ Pak PM, recalled jet from USAt 84, the 14th Dalai Lama has slowed his once incessant travel down a notch and earlier this year was hospitalized for a chest infection, although there is no indication he faces serious health issues. Nonetheless, both Tibetan activists and Beijing are keenly aware that his death will mark a major setback in his push for more autonomy for the Himalayan region, depriving the cause of a Nobel Prize winner whose moral teachings and idiosyncratic humor have made him one of the world’s most popular religious leaders. Also Read – Record number of 35 candidates in fray for SL Presidential pollsChina has not held talks with the Dalai Lama’s representatives for nine years and has increasingly hinted it may identify his successor — who, Beijing would presume, would back its iron-fisted rule of Tibet. A bill recently introduced in the US Congress would call for sanctions on any Chinese official who interferes with Tibetan Buddhist succession practices. Testifying Wednesday before Congress, David Stilwell, the top State Department official for East Asia, vowed that the United States would keep pressing for “meaningful autonomy” for Tibetans. “Disturbingly — and ironically — the party continues to assert its role in the Dalai Lama’s reincarnation process, even as President Xi has urged party members to remain ‘unyielding Marxist atheists,'” he said. “We believe that Tibetans, like all faith communities, must be able to practice their faith freely and select their leaders without interference,” he said. Tibetan monks traditionally choose the Dalai Lama through a ritualistic search that can take years, with a wandering party seeking telltale signs that a young boy is the reincarnation of the last spiritual leader. The 14th Dalai Lama, who has lived in exile in India since fleeing an aborted uprising in 1959, has mused of a non-traditional succession that would throw off China. He has said he could choose a successor while he is still alive — possibly a girl — or even decide that he was the final Dalai Lama.last_img read more

Man arrested for smuggling 27 iPhones 330 watches at IGIA

first_imgNew Delhi: The custom officials at Delhi Indira Gandhi International (IGI) airport have arrested one person for allegedly trying to smuggle branded items worth Rs 20 lakh.The investigators said that accused had a history of smuggling commercial items into the country. The customs department received a specific tip-off on September 25 about one passenger arriving from Hong Kong to Delhi by flight number CX-697. The moment the man arrived at the IGI airport, the officers of Air Customs Preventive (IGI) intercepted the passenger. A detailed personal baggage search of the person resulted in the recovery of 27 Apple I-Phones including latest models, 330 watches of different brands such as Rolex, Diesel, Tommy Hilfiger, Versace among others. Also Read – More good air days in Delhi due to Centre’s steps: JavadekarThe officials also seized over 20 branded tracksuits and one iron soldering machine of You Yoe model-3600. Custom in their press statement said that the total value of the recovered item was Rs 20 lakhs. The goods have been seized under section 110 of Customs Act, 1962. Additional Commissioner of Customs, Amandeep Singh said that the passenger admitted that he brought commercial items valued at Rs 85 lakh in his past visits. “From October 2017 to September 2019 he has been smuggling the commercial items into the country,” said an official. Also Read – Union min Hardeep Singh Puri, Delhi L-G lay foundation stones for various projects in DwarkaThe statement further said that the passenger was arrested under the provisions of section 104 of the Customs Act, 1962. An official said that they are suspecting that the accused had brought these goods to sell in the grey market. Further investigators are also probing his link were in the past accused had disposed of the smuggled goods. Recently on September 22, a man was arrested at the Delhi airport upon his arrival from Moscow for allegedly smuggling gold bars and gold wires worth more than Rs 29 lakh by concealing them in his underclothes.last_img read more