A naukri.com initiative
Funding News
Bloomberg Quint
2w
321
Image Credit: Bloomberg Quint
Biocon Board Approves Rs 600 Crore Fundraising Through Private Placement of Commercial Papers
- Biotechnology firm Biocon's board has approved to raise up to Rs 600 crore in one or more tranches on a private placement basis.
- The company's board has approved issuance of commercial papers up to an amount not exceeding Rs 600 crore in one or more tranches on private placement basis.
- The reasons for raising the capital were not disclosed.
- Biocon is a biotechnology firm that focuses on research, development, and manufacturing of innovative and effective pharmaceuticals.
Read Full Article
19 Likes
Bloomberg Quint
2w
69
Image Credit: Bloomberg Quint
Quad Coordinating Efforts To Efficiently Distribute Assistance To Myanmar Quake Victims: Joint Statement
- The Quad countries of India, Australia, Japan, and the US have committed humanitarian assistance of over $20 million for the Myanmar earthquake response.
- The Quad is coordinating efforts to ensure an effective and efficient distribution of assistance to the affected communities.
- The Quad nations welcomed recent commitments to temporary, partial ceasefires in Myanmar and called on all parties to extend and broaden these measures to facilitate the delivery of humanitarian assistance.
- More than 3,000 people have died, nearly 5,000 have been injured, and over 370 remain missing nationwide as a result of the earthquake.
Read Full Article
4 Likes
Bloomberg Quint
2w
436
Image Credit: Bloomberg Quint
TVS Motor Combines Singapore EV Firm ION Mobility's Key Assets With Self
- Two and three-wheeler manufacturer TVS Motor Co. integrated the assets of ION Mobility, a full-stack EV company based in Singapore.
- The integration marks a major step toward unlocking new possibilities and strengthening TVS Motor's footprint in Southeast Asian electric vehicle markets.
- ION Mobility Founder and CEO, James Chan, has joined TVS Motor to lead the company's business across ASEAN markets and develop the M1-S electric mobility platform.
- With TVS Motor's acquisition of ION Mobility's assets, IP, and core team, the company aims to accelerate market penetration and grow its share in Southeast Asia.
Read Full Article
25 Likes
Bloomberg Quint
2w
317
Image Credit: Bloomberg Quint
DRDO Successfully Tests Indian Army's Surface-To-Air Missile Version
- The Defence Research and Development Organisation (DRDO) and the Indian Army successfully conducted four flight-tests of the army version of medium-range surface-to-air missile.
- The trials aimed to intercept targets at different altitudes and distances and the missiles registered direct hits, proving their operational capability.
- The tests were carried out with the weapon system in operational condition, from an island off the coast of Odisha.
- The MRSAM, jointly developed by DRDO and Israel Aerospace Industries, comprises a multi-function radar, command post, mobile launcher system, and other vehicles.
Read Full Article
19 Likes
Bloomberg Quint
2w
278
Image Credit: Bloomberg Quint
SEBI Brings Agency To Verify Claims By Algo Providers, Research Analysts and Investment Advisors
- Securities and Exchange Board of India (SEBI) has introduced a verification agency, Past Risk and Return Verification Agency (PaRRVA), to verify risk and return claims of investment advisors, research analysts, and algorithmic trading service providers.
- Credit rating agencies (CRAs) can apply to be recognized as verification agencies, while stock exchanges can apply to be recognized as supporting data centers for CRAs.
- SEBI will assess applications based on defined eligibility criteria, including operational experience, net worth, track record, investor grievance redressal, and online dispute redressal mechanisms.
- Once operational, PaRRVA will develop and test the risk-return verification system, establish agreements with regulated entities, ensure compliance with cybersecurity standards, and conduct audits.
Read Full Article
16 Likes
TechCrunch
2w
124
Image Credit: TechCrunch
Startups Weekly: Stay tuned for the Rippling espionage movie
- HR tech startup Rippling released the affidavit of its former employee accused of spying for rival Deel.
- EV truck maker Harbinger accused Canoo of hiding assets in its bankruptcy process and filed an objection to the sale of the company’s assets.
- Qualcomm acquired the generative AI division of VinAI, a Vietnam-based AI research company.
- Epic Games acquired Loci, an AI platform that automatically tags 3D assets.
Read Full Article
7 Likes
Bloomberg Quint
2w
242
Image Credit: Bloomberg Quint
ChatGPT Misuse: AI Now Making Fake Aadhaar And PAN Cards
- AI technology, specifically ChatGPT, is being misused to generate fake Aadhaar and PAN cards.
- Users have created eerily realistic images of India's unique identification documents using ChatGPT's new image tool.
- Generated fake Aadhaar cards include photos, Aadhaar numbers, and QR codes.
- Despite content restrictions and safety systems, the misuse of AI tools for creating fake identification documents is a growing concern.
Read Full Article
3 Likes
Bloomberg Quint
2w
260
Image Credit: Bloomberg Quint
Nike, Lululemon Stocks Soar As Trump Touts Productive Call With Vietnam
- Stocks exposed to Vietnam including Nike Inc. and Lululemon Athletica Inc. soared on Friday after President Donald Trump said he had a “very productive call” with Vietnam’s To Lam.
- Nike shares erased an earlier loss to gain as much as 5.9%, while On Holding AG and Skechers USA Inc. also rose more than 6% each. Lululemon Athletica shares meanwhile jumped 3.9%.
- The stocks tumbled Thursday on Trump’s sweeping tariff plans, as the companies had shifted production to Vietnam to avoid China tariffs.
- About half of all Nike brand shoes and 39% of Adidas shoes are made in Vietnam, according to regulatory filings, with the country being the largest supplier of footwear for both companies.
Read Full Article
15 Likes
Bloomberg Quint
2w
395
Image Credit: Bloomberg Quint
Powell Signals Fed Would Respond To Persistent Inflation Shock
- Federal Reserve Chair Jerome Powell warns of the economic impact of new tariffs, stating they may lead to higher inflation and slower growth.
- Powell emphasizes the need for the Fed to keep longer-term inflation expectations well anchored and prevent a temporary rise in inflation from becoming a persistent problem.
- The Fed faces challenges to maintain stable prices and maximum employment due to the new tariffs announced by the Trump administration.
- Some forecasters are raising recession probability estimates, and investors are betting on multiple interest rate cuts in response to the tariffs.
Read Full Article
23 Likes
Bloomberg Quint
2w
326
Image Credit: Bloomberg Quint
Gold Tumbles As Trump Tariff Shock Sparks Selloff From Record
- Gold tumbled as much as 2.4% on Friday, following a decline from the prior session, due to investors selling off the metal with other assets.
- US stocks also tumbled on Friday, with the Nasdaq 100 Index sinking into a recession and the S&P 500 Index on pace for its worst week since March 2020.
- Despite the jolt caused by the levies, gold stands to benefit this year from an increasingly volatile trade, macroeconomic and geopolitical environment.
- Spot gold was down 2.4% at $3,041.11 an ounce at 10:59 a.m. in New York, on track for its first weekly loss in five.
Read Full Article
19 Likes
Medium
2w
413
Image Credit: Medium
How I Killed Ameyo and Became the Sales Floor Rockstar
- Ameyo, a calling service, was unreliable and expensive.
- The company found a way to bypass call recording disclaimers using Samsung devices.
- To further automate the process, they developed vConnect, an internal calling product.
- This smart workaround improved adoption rates and solved the problem.
Read Full Article
24 Likes
Bloomberg Quint
2w
13
Image Credit: Bloomberg Quint
Donald Trump Pressures Fed Chair Powell To Slash Rates
- Donald Trump pressures Federal Reserve Chair Jerome Powell to slash interest rates.
- Trump wants Powell to take advantage of the current economic conditions.
- He mentions that energy prices, interest rates, inflation, and unemployment have seen positive changes.
- Trump urges Powell to stop playing politics and cut interest rates.
Read Full Article
Like
Bloomberg Quint
2w
265
Image Credit: Bloomberg Quint
Mazagon Dock OFS: Government Exercises Oversubscription To Sell 1.18% More Stake
- The government exercises oversubscription to sell an additional 1.18% stake in Mazagon Dock Shipbuilders Ltd.
- In addition to the base offer, the government will sell 47.69 lakh additional shares through the OFS.
- The floor price for the sale is set at Rs 2,525 per share.
- Mazagon Dock Shipbuilders is a key shipbuilding company catering to the Indian Navy and commercial maritime sector.
Read Full Article
15 Likes
Bloomberg Quint
2w
139
Image Credit: Bloomberg Quint
Buy, Sell Or Hold: RIL, KPIT Tech, Natco Pharma, Motilal Oswal, PCBL Chemical, Mamata Machinery — Ask Profit
- Avinash Gorakshakar suggests holding onto shares of Reliance Industries (RIL) for a minimum of two years. The stock is expected to gain value from sectors such as retail and telecom.
- Sundar Kewat advises adding more shares of KPIT Technologies at Rs 950. The stock has fallen below the critical support level and is seen as attractive at the suggested price.
- Avinash Gorakshakar recommends exiting shares of Natco Pharma due to potential negative impact from tariffs on the pharma sector.
- Avinash Gorakshakar suggests holding shares of PCBL Chemical as declining crude oil prices and expansion activities present a favorable opportunity for the company.
Read Full Article
8 Likes
Bloomberg Quint
2w
319
Image Credit: Bloomberg Quint
Equitas Small Finance Bank Appoints Balaji Nuthalapadi As Executive Director – Technology And Operations
- Equitas Small Finance Bank has appointed Balaji Nuthalapadi as Executive Director - Technology and Operations.
- Nuthalapadi's appointment has been approved by the Reserve Bank of India and the Board of Directors.
- The bank aims to enhance operational efficiency and drive innovation through digital transformation.
- Before joining Equitas, Nuthalapadi served as Managing Director and Head - Centralised Controls Testing Execution at Citi Bank.
Read Full Article
19 Likes
For uninterrupted reading, download the app