Stung by a sudden drop in crop yields, India banned exports of the grain in May. Market arrivals from the previous harvest, meanwhile, have slowed to a trickle as farmers have run out of stocks, growers and traders said.
Snapdeal parent AceVector raises Rs 189 crore from anchors; Negen, Singularity among top investors
In a significant move, AceVector, the owner of Snapdeal, has successfully garnered Rs 189 crore from anchor investors for its upcoming IPO, scheduled to open