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Futurefundraisingnow
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6 ways to hold on to your donors
- Donor attrition is a challenge for fundraising programs.
- Immediate and warm appreciation after donation is crucial to maintain donor relationships.
- Acknowledge donors as individuals rather than just thanking them for the donation.
- Invest time, budget, and creativity in thanking donors to make it memorable.
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Bloomberg Quint
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Xerox To Buy Printer Maker Lexmark In $1.5 Billion Deal
- Xerox has agreed to buy printer maker Lexmark in a deal worth $1.5 billion.
- The transaction includes debt and other liabilities that Xerox will assume from current owners Ninestar Corp., PAG Asia Capital, and Shanghai Shouda Investment Centre.
- The deal is expected to close in the second half of 2025, pending approval from US and Chinese regulators.
- Lexmark, which was spun off from IBM in 1991, is already a partner and supplier to Xerox.
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Bloomberg Quint
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WhatsApp Will No Longer Support These Older Android Phones From Jan. 1
- Beginning Jan. 1, 2025, WhatsApp will no longer work for Android phones running Android KitKat or previous versions of the operating system.
- WhatsApp has been adding new features and functionalities that require more powerful hardware which older Android KitKat devices cannot offer.
- The move is consistent with Meta's strategy to phase away support for obsolete devices.
- The affected Android phones include Samsung Galaxy S3, Galaxy Note 2, Galaxy S4 Mini, Sony Xperia T, Xperia V, Xperia Z, Xperia SP, Motorola Moto G (1st Generation), Moto E 2014, Razr HD, LG Optimus G, G2 Mini, Nexus 4, L90, HTC One X, One X+, Desire 500, and Desire 601.
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Alleywatch
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The Weekly Notable Startup Funding Report: 12/23/24
- Charlotte-based Aiwyn raised $113.0M in total equity funding for its automation software for accounting firms.
- Bureau, a San Francisco-based no-code identity decision platform, raised $30.0M in total equity funding to enhance end-to-end identity verification.
- Anatomy Financial, a San Francisco-based automation solution for healthcare providers, raised $19.0M in total equity funding.
- Thirteen notable funding rounds were recorded across various startup ecosystems in the US representing $869.9M in new funding.
- Culina Health, a Madison-based virtual nutrition care provider, raised $7.9M in total equity funding.
- Parafin, a San Francisco-based financial infrastructure company, raised $100.0M in total equity funding.
- Precision Neuroscience, a New York-based neural platform, raised $102.0M in total equity funding for its brain-computer interface technology.
- Mojave Energy Systems, a Palo Alto-based air conditioning solutions provider, raised $9.5M in total equity funding.
- Unrivaled, a Miami-based professional women's basketball league, raised $28.0M in total equity funding.
- BlueQubit, a Los Angeles-based quantum software platform, raised $10.0M in total equity funding.
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Bloomberg Quint
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MFN Status Suspension Won’t Delay India-EFTA Trade Pact, Clarifies Switzerland
- Switzerland clarified that the suspension of the most-favoured nation (MFN) status for India will not delay the implementation of the India-EFTA trade pact.
- The trade pact, signed between India and the European Free Trade Association (EFTA) bloc, will not be affected by the MFN status suspension.
- Switzerland is the largest trading partner of India in the EFTA bloc, and the decision will not negatively impact investments from Switzerland to India.
- Under the pact, India received an investment commitment of $100 billion over 15 years and will allow imports of products like Swiss watches, chocolates, and diamonds at lower or zero duties.
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Bloomberg Quint
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No-Detention Policy Scrapped For Classes 5, 8 Students Who Fail To Clear Year-End Exams
- The Centre has scrapped the 'no-detention policy' for classes 5 and 8 in schools governed by it allowing them to fail students who do not clear the year-end exams.
- After the regular examination, if a child fails to fulfill the promotion criteria, they shall be given additional instruction and an opportunity for re-examination within two months.
- If the child fails to fulfill the promotion criteria again in the re-examination, they shall be held back in fifth class or eighth class, as the case may be.
- No child shall be expelled from any school till the completion of elementary education.
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Bloomberg Quint
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Ireda Sanctions Rs 3,000 Crore For Green Energy Projects In Odisha
- Indian Renewable Energy Development Agency Ltd. (Ireda) has sanctioned over Rs 3,000 crore for green energy projects in Odisha, including solar, hydro, ethanol, and renewable energy manufacturing sectors.
- The funds will be utilized to set up 10 gigawatts of solar capacity by 2030.
- Ireda aims to become a driving force in the development of emerging renewable energy technologies.
- In the second quarter of fiscal 2025, Ireda reported a net profit of Rs 388 crore, with a 36% growth.
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Bloomberg Quint
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Trade Setup For Dec. 24: NSE Nifty 50 Finds Immediate Support Near 23,600
- The NSE Nifty 50 finds immediate support near 23,600, with key resistance positioned at the 23,840-24,070 levels.
- Analysts highlight further resistance in the 24,320 zone while maintaining a cautious outlook given current market conditions.
- A strong move above the 23,850-24,000 range could signal a trend reversal.
- Indian markets are expected to remain range-bound due to a lack of triggers amidst Christmas holidays, relentless FII selling, and a weak Indian rupee.
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Bloomberg Quint
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Lucknow Airport Records Highest-Ever Monthly Passenger Traffic Of 6.29 Lakh In November
- The Lucknow International Airport recorded its highest-ever monthly passenger traffic of 6.29 lakh in November.
- The airport handled more than 5.24 lakh domestic passengers and over 1.05 lakh international travelers last month.
- The average daily passenger traffic at the airport increased to approximately 21,000 passengers per day.
- Dubai, Muscat, and Dammam emerged as the top three international destinations from Lucknow in November.
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Bloomberg Quint
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From JSW Steel, ITC To Maruti Suzuki: Nifty's Best And Worst Performers Of Monday
- JSW Steel, Hindalco, and ITC were the top gainers in the Indian stock market on Monday, leading the climb after five straight sessions of decline.
- On the flip side, Hero MotoCorp, Maruti Suzuki, Nestle India, and HCL Technologies were among the worst performers.
- Nifty ended 0.7% up at 23,753.45, and Sensex closed 0.64% higher at 78,540.17.
- Investec's report indicated that Tata Steel and JSW Steel will benefit the most if the Indian Steel Association's appeal for a 'safeguard duty' is accepted.
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Bloomberg Quint
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Adani Defence Systems To Obtain 85% Stake In Air Works India For Rs 400 Crore
- Adani Defence Systems, a subsidiary of Adani Enterprises, is set to acquire an 85.8% stake in Air Works India.
- The share purchase agreement was executed on Monday, and the transaction is not a related-party transaction.
- Air Works India is one of the largest MRO (Maintenance, Repair, and Overhaul) companies in the private sector.
- Adani Defence Systems aims to develop an integrated aviation services ecosystem to support India's aviation infrastructure.
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Bloomberg Quint
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Money Wise: So You Decided To Buy A Home — Here's How To Manage Your Finances
- Buying a house provides security in your later years.
- It is prudent to have at least one home to your name.
- The debate between buying or renting is ongoing.
- Managing finances is crucial when buying a home.
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VIE Stories
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Wealthtech Startup Univest Secures $10Mn in Series A Funding
- Wealthtech startup Univest has raised $10 million in a Series A funding round led by Bertelsmann India Investments (BII).
- Univest plans to create a research-focused stock market super app for retail investors.
- The funding will enable Univest to scale its research-first, full-stack brokerage offering.
- Univest aims to become India's first true stock market super app for retail investors.
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Bloomberg Quint
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November Aviation Data: Domestic Air Passenger Traffic Rises 11.9%
- The domestic air passenger traffic in November 2024 rose 11.9% year-on-year to 1.43 crore.
- IndiGo maintained its dominance with a market share of 63.6%.
- Air India's market share increased to 24.4% after merging with Vistara.
- SpiceJet and Akasa Air also saw an increase in their market share.
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Bloomberg Quint
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Oman Air Ropes In InterGlobe Air Transport As General Sales Agent
- Oman Air has appointed InterGlobe Air Transport as its exclusive General Sales Agent (GSA), strengthening its presence in the Indian market.
- The partnership will leverage IGAT's network and expertise to enhance customer service and expand Oman Air's operations in India.
- Oman Air operates over 90 weekly flights to 10 Indian cities from its Muscat hub.
- IGAT will provide comprehensive sales and service support, including passenger airline management, to bolster Oman Air's Indian operations.
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