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HinduBusinessLine
15h
307
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Investors bite into faith-based tech propositions as young consumers fuel demand
- Investors are showing interest in faith-based tech startups as young consumers drive demand.
- InstaAstro raises ₹18.50 crore in a pre-series A round led by Artha Ventures.
- Vama.app secures $1.5 million in seed+ funding round, attracting investors seeking fundamentally profitable businesses in the spiritual and astrology tech space.
- The pandemic has driven user adoption of online astrology platforms, increasing customers' lifetime value and attracting substantial funding.
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HinduBusinessLine
15h
65
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Prosus and parent Naspers name Fabricio Bloisi as CEO
- Fabricio Bloisi has been named as the CEO of Prosus and parent company Naspers.
- Bloisi is a proven entrepreneur and innovator with experience in scaling technology companies in growth markets.
- Ervin Tu, the interim CEO, will become president and chief investment officer.
- Prosus is facing challenges with its portfolio company Byju’s.
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Cryptoadventure
15h
344
Galaxis Introduces AI-Powered Suite to Revolutionize Community Creation for Creators
- Galaxis, a leading platform for creators in the Web3 space, has announced the launch of its AI-powered Community Creator suite.
- The suite includes the Galaxis Assistant, which aids creators in ideation and project generation.
- It also features an image generation tool and simplifies the process of designing membership systems.
- Galaxis aims to support and empower creators by streamlining the community creation process.
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HinduBusinessLine
15h
212
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Broker’s call: MPS (Buy)
- MPS Ltd (MPSL) is an established company providing content solutions, platform solutions, and eLearning services.
- The company aims to achieve a scale of ₹1,500 crore by FY28 through organic and inorganic growth.
- MPSL is well-funded with strong cash generation, a debt-free status, and the ability to leverage its balance sheet.
- Based on the company's strong fundamentals and growth projections, a Buy rating is recommended with a target price of ₹2,650.
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HinduBusinessLine
15h
51
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Epsilon’s $650-m graphite plant in US to be part-funded by offtaker
- EAM aims to become a major player in the battery materials supply chain and supports government enforcement of buying local materials.
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Baystreet
15h
106
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Dow Pursues 40K, Stocks Flat
- The Dow Jones Industrial Average traded near flat after briefly surpassing 40,000 for the first time.
- The S&P 500 and NASDAQ Composite showed marginal gains, with the NASDAQ leading with a 2.2% advance.
- Shares of Reddit rose 10.5% after announcing a partnership with OpenAI.
- Take-Two Interactive Software saw a decline of over 2% following an update on the release timing of the new Grand Theft Auto game.
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Baystreet
16h
7
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Reddit Stock Rises 11% On News Of OpenAI Partnership
- Shares of social media company Reddit (RDDT) are up 11% on news of a partnership with artificial intelligence (A.I.) start-up company OpenAI.
- The partnership is expected to attract more users to Reddit's platform with A.I.-enhancements and increased advertising.
- Reddit will leverage OpenAI's technology, including its ChatGPT platform, to build real-time tools and features integrating Reddit's content.
- OpenAI also commits to becoming an advertising partner of Reddit, which generates nearly 100% of its revenue from online advertising.
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Guardian
16h
3
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Shell urged to clarify climate targets as it braces for shareholder rebellion
- Norway’s state investment fund, Norges Bank Investment Management (NBIM), has urged Shell to clarify its climate targets.
- Shell is facing its biggest ever green shareholder rebellion at its annual general meeting.
- NBIM, one of Shell's largest investors, has called for the company to provide more information about its climate plans.
- A shareholder resolution, backed by 27 investors holding 2.5% of Shell's shares, is calling for alignment with the Paris climate agreement.
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Guardian
16h
10
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UK to look at security implications of Křetínský Royal Mail bid
- The UK government will assess the security implications of a bid for Royal Mail by Czech billionaire Daniel Křetínský.
- Ministers are not opposed to the takeover but will scrutinize it for national security concerns.
- Concerns have been raised about the potential impact on less profitable parts of Royal Mail's services.
- The government has the power to intervene in takeovers under the national security and investment act.
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HinduBusinessLine
16h
230
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Time for mutual funds to tap the water theme
- A NITI Aayog report predicts that 21 Indian cities will run out of groundwater by 2030, affecting 100 million people.
- India is expected to be severely affected by water scarcity by 2050, according to the United Nations World Water Development Report.
- NITI Aayog is working on a framework for water net neutrality, focusing on industrial water usage.
- Opportunities exist for companies in the water treatment chemicals market and the Indian plastic pipe market.
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TechBullion
16h
135
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Discover the Hidden Benefits of Professional Grill Cleaning
- Professional grill cleaning services offer numerous benefits, extending beyond convenience.
- Companies like Pacific Grill Cleaning provide comprehensive care, ensuring that your grill functions optimally and lasts longer.
- Professional grill cleaning helps prevent costly repairs and replacements, ultimately saving you money.
- Dirty grills pose multiple safety hazards, including flare-ups and harmful bacteria. Professional cleaning significantly reduces these risks, offering peace of mind.
- A clean grill extends the life of your grill, enhances safety, promotes healthier cooking, and saves you time and effort.
- Pacific Grill Cleaning offers tailored maintenance plans, ensuring that your grill remains in optimal condition year-round.
- Professional grill cleaning services bring a level of expertise and specialized equipment that homeowners generally lack.
- Pacific Grill Cleaning prioritizes eco-friendly solutions, preserving both your grill and the environment.
- Many satisfied customers attest to the benefits of professional grill cleaning, remarking on the thoroughness of the cleaning and the professionalism of the technicians.
- When considering professional grill cleaning, look for reputable and reliable providers with positive customer reviews and transparent pricing.
- By entrusting your grill to professionals, you can enjoy a safer, cleaner, and more enjoyable grilling experience, ensuring that every barbecue is a delicious event.
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HinduBusinessLine
16h
263
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Mastering Derivatives: Ring-fencing from covered call
- Covered call is a strategy of going long on an underlying and shorting the near-month out-of-the-money (OTM) calls on the underlying.
- Traders often use covered call to generate income by earning option premium every month.
- To avoid aligning goal-based investments with trading portfolio, surplus cash can be used to buy Nifty ETFs and short OTM Nifty calls against them.
- One should consider factors like lot size, overhead resistance level, and optimal time to short the call to increase the probability of the option ending out-of-the-money at expiry.
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Coinpedia
16h
179
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Option2Trade Holders Believe In Legitimacy After CEX Listing Announcement
- The upcoming listings of Option2Trade (O2T) on several centralized exchanges mark a pivotal moment in its journey.
- Listing on prominent CEXs increases visibility and enhances legitimacy, building trust with investors.
- Investor confidence in Option2Trade (O2T) has surged following the listing announcement.
- Regulatory compliance is a key factor in the project's legitimacy and appeal to investors.
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HinduBusinessLine
16h
172
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SEBI mulls allowing MF schemes to invest in overseas funds with India exposure
- SEBI is considering allowing domestic mutual fund schemes to invest in overseas funds that have less than 20% exposure to Indian securities.
- Currently, there is ambiguity regarding investments in overseas funds that invest in Indian securities, which has deterred mutual funds from investing in such funds.
- SEBI has proposed a consultation paper to allow mutual fund schemes to invest in such overseas funds, subject to proper checks and balances.
- During the liquidation period, if the investment limit is breached, the scheme will have a 6-month observance period to correct the portfolio.
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HinduBusinessLine
16h
256
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Insurance Query: Making a claim for pre-existing disease after increasing sum insured
- When a policyholder increases the sum insured for their health policy and makes a claim for a pre-existing disease, there are various factors to consider for claim settlement.
- The room rent for hospitalization will be settled based on the revised sum insured, which may provide access to better accommodation.
- For claims related to pre-existing diseases, there is a maximum limit for claim settlement based on the previous sum insured.
- It's important to review the insurance policy documents and consult with the provider for details on waiting periods and coverage limits.
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