Nifty also managed to gain over 50 points to reclaim its crucial psychological level of 8800, supported by gains in power, oil & gas, banks...

Clonect has raised around $2,50,000 as Angel investment including investments from Balakrishnan and T V Mohandas Pai.

This marks Balakrishnan's maiden investment; he joins the bandwagon of other angel investors betting big on the Indian product ecosystem.