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Funding News
Bloomberg Quint
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Buy, Sell Or Hold: Tata Motors, LIC, SBI, Cipla, Swiggy, NTPC—Ask Profit
- Market analysts share insights for short-term and long-term investors on whether to buy, sell or hold shares of Swiggy, Vishal Mega Mart and Cipla, among others.
- Mazagon Dock Shipbuilders: Chowdhury suggests holding the stock for the long term, while Jain recommends buying shares as they are consolidating.
- Vishal Mega Mart: Chowdhury advises holding the stock for the long term, considering its focus on affordable retailing and expansion plans.
- LIC: Chowdhury advises selling shares and avoiding the insurance sector for now, suggesting HDFC Life as a better option.
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Bloomberg Quint
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Greaves Electricity Mobility IPO: SEBI Filing Reveals Rs 1,000 Crore Fresh Issue Plan
- Greaves Electricity Mobility has filed its preliminary papers with SEBI for an IPO to raise up to Rs 1,000 crore.
- The IPO includes a fresh issue of Rs 100 crore and an offer for sale of up to 18.9 crore shares.
- The funds raised will be used for technology development, manufacturing expansion, and in-house battery assembly.
- Motilal Oswal Investment Advisors Ltd., IIFL Capital Services Ltd., and JM Financial Ltd. are the book-running lead managers for the IPO.
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Bloomberg Quint
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Asian Development Bank To Provide $500 Million Loan For Green Infrastructure Projects
- Asian Development Bank will provide a $500 million loan to support green infrastructure projects in India.
- The loan will be extended to the India Infrastructure Finance Co. and will focus on connectivity, energy transition, urban projects, education, and healthcare.
- The project aims to integrate green and sustainable practices into infrastructure projects, establish a sustainability unit, and develop an environmental sustainability framework.
- ADB has committed a total of $55.3 billion to India through various loans and grants.
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Bloomberg Quint
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293
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Biryani To Choco Lava Cake: Here Are Most-Ordered Dishes On Swiggy In 2024
- India ordered 83 million biryanis from Swiggy at an average of 158 per minute or rather two every second.
- Chicken burger was the most ordered dish for midnight cravings, followed by chicken biryani.
- Chicken roll was the most ordered quick bite, followed by chicken momos and fries.
- Dosa was the second highest ordered food, with 23 million orders, and south Indian dishes dominated breakfast items.
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Bloomberg Quint
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136
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S Jaishankar To Embark On Six-Day US Visit On Tuesday
- External Affairs Minister S Jaishankar will visit the United States of America from Dec. 24-29.
- Jaishankar will hold talks with his American counterpart Antony Blinken and other officials.
- Jaishankar's visit marks the first high-level trip from India after Donald Trump won the US presidential election.
- The visit aims to discuss key bilateral, regional, and global issues.
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Economic Times
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European investment firm 360 Capital raises 140 million euros for climate tech fund
- European venture capital firm 360 Capital raises 140 million euros for climate tech fund.
- The 360 Life II fund will focus on investments in renewable energy, hydrogen, pollution reduction, and waste management.
- Italian company A2A commits 40 million euros and De Nora commits 10 million euros to the fund.
- Bpifrance, France's state-owned investment firm, also invests in the fund.
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Bloomberg Quint
3d
124
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US Stock Markets Today: S&P 500, Nasdaq Open Higher As Wall Street Eyes Christmas Cheer
- Two of the three main US stock market indices opened in the green on Monday, marking a positive start to the Christmas-shortened trading week.
- The tech-heavy Nasdaq Composite gained 0.51% to trade at 19,671.93.
- The broader index, S&P 500, surged as much as 0.23% to 5,944.60.
- The Dow Jones Industrial Average declined 0.26% to 42,730.30.
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SiliconCanals
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10 Lithuanian startups that raised the country’s largest funding rounds in 2024; 6 of them are hiring right now
- Lithuania is an attractive destination for entrepreneurs and investors, with over 1,000 startups and tech companies in the country.
- By mid-December 2024, Lithuanian startups had raised €86M this year through 38 deals.
- The top funding rounds from 2024 in Lithuania include Ovoko, Bourgeois Boheme, Biomatter, Vixichain, Fideum, Unmanned Defense Systems, Saltz App, Ligence, Redtrack, and Cyber Upgrade.
- For those looking for job opportunities, several of these companies are actively hiring.
- At present, Ovoko, Biomatter, Vixichain, and Ligence have open positions listed on their websites.
- Estonia had over 60 transactions this year and attracted over 345 million euros.
- Although the total investment dropped significantly, the rising share of taxes paid shows the Lithuanian startup ecosystem is growing and strengthening.
- A majority of Lithuanian startups operate successfully without external investments, but attracted investments are one of the important components.
- The Lithuanian startup ecosystem is on track for continued success in 2024.
- Lithuanian startups operate in various industries, such as fintech, synthetic biology, agriculture, cybersecurity, and more.
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Tech Story
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MicroStrategy Acquires Additional 5,262 BTC as Stock Enters Nasdaq 100 Acquisition by Microstrategy
- MicroStrategy acquires additional 5,262 BTC, bringing its total holdings to over 158,000 BTC.
- MicroStrategy joins Nasdaq 100, signifying market acceptance and endorsement of its business model.
- Bitcoin price remains stable, while MicroStrategy's stock shows upward movement in response to the news.
- MicroStrategy's acquisitions and visibility in traditional financial markets pave the way for institutional adoption of cryptocurrency.
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Npengage
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6 Tips for Quick Response During a Time of Need
- Develop a focused emergency response plan that outlines roles and responsibilities, resource audit, and communication plan.
- Structure donation forms around specific relief efforts to mobilize support quickly.
- Add clear call-to-actions on your website to increase engagement and donations.
- Leverage technology for efficient communication using mass notification systems, social media, and mobile apps.
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Tech Story
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Cardano’s Charles Hoskinson to Meet Democratic Senators in Push for Bipartisan Crypto Agenda Hoskinson on Crypto Agenda
- Charles Hoskinson, founder of Cardano, is scheduled to meet with Democratic Senators to discuss cryptocurrency regulation and foster bipartisan collaboration.
- The meeting aims to create a balanced regulatory framework that supports innovation and addresses security and compliance concerns.
- Key topics of discussion may include the classification of digital assets, consumer protections, incentives for innovation, and addressing environmental concerns related to blockchain technologies.
- This proactive approach by Hoskinson is welcomed by the blockchain community, while some critics remain cautious about potential overinclusive or exclusionary regulations that may stifle innovation.
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Bloomberg Quint
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Adani Foundation Funds Rs 67.60 Lakh Indoor Cricket Facility For Budding Talent In Anantnag
- The Adani Foundation has donated Rs 67.60 lakh to Amir Hussain Lone, a differently-abled cricketer, to build an indoor cricket facility in Anantnag.
- Lone had written to Gautam Adani seeking financial aid for his dream project and received a positive response.
- The facility aims to train children, including differently-abled individuals, in the sport of cricket.
- Preeti Adani, chairman of the Adani Foundation, expressed admiration for Lone's determination and announced the donation for the project.
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Tech Story
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HEX Cryptocurrency Plummets as Founder Richard Heart Lands on Interpol’s ‘Most Wanted’ List Heart on Interpol's 'Most Wanted'
- HEX cryptocurrency has experienced a dramatic decline after its founder, Richard Heart, was put on Interpol's 'most wanted' list.
- HEX, a decentralized finance (DeFi) project, gained popularity for its high-yield investment claims but faced criticism for its unconventional tokenomics and centralized control.
- Richard Heart, known for ostentatious displays of wealth, is facing charges related to fraudulent activities and money laundering in connection with HEX and associated projects.
- HEX's price plunged over 50%, erasing millions of dollars in market value, causing concern for the entire DeFi ecosystem. The scandal renews the debate on regulation in the crypto market.
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Cryptoslate
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Market remains resilient with $308M in inflows despite turbulence
- Crypto investment products recorded $308 million in net inflows, marking the eleventh consecutive week of positive movement.
- The market experienced turbulence, with the largest single-day withdrawal of $576 million and nearly $1 billion exiting the market later in the week.
- Bitcoin attracted $375 million in inflows and Ethereum secured $51 million, while other altcoins such as XRP, Horizen, and Polkadot also saw inflows.
- Institutional trends showcased divergent strategies, with BlackRock's iShares ETF attracting over $1.5 billion in inflows, while Grayscale and Fidelity ETFs experienced notable outflows.
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Bloomberg Quint
3d
229
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Bangladesh Sends Diplomatic Note To India To Extradite Sheikh Hasina
- Bangladesh's interim government has formally requested India to extradite ousted Prime Minister Sheikh Hasina, who has been living in exile in India since Aug. 5.
- Sheikh Hasina fled Bangladesh following widespread student-led protests that led to the downfall of her 16-year regime.
- The International Crimes Tribunal in Bangladesh has issued arrest warrants for Hasina, accusing her of crimes against humanity and genocide.
- Bangladesh's interim government has sent a diplomatic note to India, formally requesting the return of Hasina for legal proceedings.
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