A naukri.com initiative
Funding News
Bloomberg Quint
1w
11
Image Credit: Bloomberg Quint
Boeing Delivers Most Jets In 18 Months With Boost From Beijing
- Boeing delivered 60 aircraft in June, its best showing in 18 months, boosted by improvements in its factories and the resumption of US jet exports to China.
- 42 of the 737 Max models were handed over last month, the most since a crisis in early 2024; eight deliveries went to China following a reduction in tensions over tariffs.
- Boeing delivered 150 aircraft in the second quarter and 280 commercial planes in the first six months of the year, with 668 gross jet orders recorded in the first half.
- Airbus and Boeing had similar delivery numbers in June; Boeing's recent momentum contrasts Airbus's struggles with production targets due to issues like engine shortages.
Read Full Article
Like
Bloomberg Quint
1w
356
Image Credit: Bloomberg Quint
Amazon Prime Day Spending Down 14% In Early Hours From 2024
- Amazon Prime Day sales fell by almost 14% in the first four hours of the event compared to last year.
- Prime Day extends over four days this year, making year-over-year comparisons challenging.
- Some sellers planned to skip Prime Day due to tariffs which increased prices for Chinese products.
- Amazon's own products like Echo speakers were not heavily discounted, while Apple offered significant discounts on electronics.
Read Full Article
21 Likes
Bloomberg Quint
1w
229
Image Credit: Bloomberg Quint
Trump Media Furthers Push Into Crypto With Third ETF Filing
- Trump Media & Technology Group Corp. has filed for a new exchange-traded fund named 'Crypto Blue Chip' focusing on digital assets like Bitcoin, Ether, Solana, Cronos, and XRP.
- This filing marks Trump Media's third attempt at launching a crypto-based ETF, with previous filings including a Bitcoin-Ether product and one tied solely to Bitcoin.
- The fund, if launched, would compete in a crowded field of cryptocurrency offerings in the US market, with Trump Media facing competition from existing Bitcoin-specific funds and other digital asset products.
- Criticism has arisen over President Trump's deepening involvement in the crypto industry, with concerns raised regarding potential financial conflicts of interest despite assertions of separation from his business ventures.
Read Full Article
13 Likes
Bloomberg Quint
1w
152
Image Credit: Bloomberg Quint
Union Bank Q1 Update: Total Business Rises 5%, Domestic Retail Advances Up 26%
- Union Bank of India reported a 5% increase in total business to Rs 21.09 lakh crore for the quarter ended June, with a 1.8% sequential decrease.
- Total deposits rose 3.63% to Rs 11.97 lakh crore, while global gross advances increased by 6.83% to Rs 9.12 lakh crore.
- Domestic retail advances saw a significant growth of 26%, reaching Rs 1.82 lakh crore for the quarter.
- The stock of Union Bank of India closed 1.26% lower at Rs 150.12 apiece on the NSE after the business update, with analysts having a mostly positive outlook on the stock.
Read Full Article
8 Likes
Bloomberg Quint
1w
182
Image Credit: Bloomberg Quint
Trump Says Aug. 1 Tariff Deadline Won’t Be Extended
- President Trump announced that the August 1 deadline for nations to start paying reciprocal tariffs will not be extended.
- Trump's statement comes after initially setting a deadline for countries to conclude trade negotiations with his administration.
- On Monday, Trump issued tariff demand letters, but also signed an executive order delaying the tariff implementation for three weeks.
- Despite some skepticism, traders mostly ignored the tariff threats, with stocks remaining near all-time highs.
Read Full Article
10 Likes
Eu-Startups
1w
230
French scale-up Ciloa raises €6.5 million to advance exosome therapy for metabolic diseases
- French biotechnology company Ciloa has secured €6.5 million in funding to advance exosome therapy for metabolic diseases.
- The funding will support clinical development of Ciloa's candidate APN-sEV for type 2 diabetes and obesity, as well as large-scale manufacturing under Good Manufacturing Practices.
- Ciloa's unique bioengineering technology has produced stable Adiponectin associated with exosomes (APN-sEV), showing promise in preclinical trials against obesity and diabetes.
- The company plans to begin phase I clinical trials in 2027 and phase IIa in 2028 for its innovative drug composed of adiponectin introduced via small extracellular vesicles.
Read Full Article
13 Likes
Bloomberg Quint
1w
691
Image Credit: Bloomberg Quint
Goldman Sachs Hires Former UK PM Rishi Sunak As Adviser
- Former UK Prime Minister Rishi Sunak is rejoining Goldman Sachs Group Inc. as a senior adviser after serving as prime minister from October 2022 to July 2024.
- Sunak will work with leaders across Goldman to advise clients globally on various topics, leveraging his perspectives on the macroeconomic and geopolitical landscape.
- Sunak first worked at Goldman as an analyst in the early 2000s and went on to co-found an investment firm before returning to the bank as an adviser.
- Goldman Sachs, known for its ties to government figures, has hired Sunak in a trend where Wall Street firms bring on former politicians for geopolitical advice.
Read Full Article
10 Likes
Bloomberg Quint
1w
174
Image Credit: Bloomberg Quint
CBI Arrests Key Operatives In Cyber Fraud Syndicate Targeting UK And Australian Citizens
- The Central Bureau of Investigation (CBI) has arrested Nishant Walia, a key operative of a cyber fraud syndicate targeting UK and Australian citizens.
- Walia, a partner at FirstIdea, was apprehended as part of Operation Chakra V against cyber criminals posing as technical support representatives of renowned multinational companies.
- The CBI coordinated with international agencies like the Federal Bureau of Investigation, the UK's National Crime Agency, and Microsoft to trace the syndicate's operations and identify its key actors.
- The syndicate allegedly defrauded overseas victims by falsely claiming device compromise, extorting payments under the guise of providing technical support, and was found to operate a technologically advanced call center in India.
Read Full Article
9 Likes
Bloomberg Quint
1w
305
Image Credit: Bloomberg Quint
Andhra Pradesh Pioneers AI-Powered Mosquito Control With Smart Surveillance System — Check Details
- Andhra Pradesh is pioneering AI-powered mosquito control with a Smart Mosquito Surveillance System (SMoSS) in key mosquito-prone zones.
- The SMoSS program includes AI-powered smart mosquito sensors for real-time monitoring and alert triggering.
- Drones will be integrated for spraying larvicides, enhancing efficiency while reducing chemical usage.
- The system aims to improve public health safety, reduce operational burden on civic staff, and lower costs for Urban Local Bodies (ULBs).
Read Full Article
18 Likes
Global Fintech Series
1w
38
Image Credit: Global Fintech Series
Idea Financial Surpasses $1 Billion in Business Funding, Reinforcing Its Role as a Leading Force in SMB Lending Innovation
- Idea Financial, a small business lender, has surpassed $1 billion in funding since its inception in 2017, supporting over 10,000 businesses in the United States.
- The company, founded by two Miami trial lawyers, offers revolving lines of credit to assist businesses with cash flow needs, growth opportunities, and seasonal cycles.
- Idea Financial's impact spans various industries, with top sectors served including business services, medical offices, restaurants, and legal services.
- The company attributes its success to its dedicated team, ongoing innovation, strong customer relationships, and commitment to fueling American entrepreneurship.
Read Full Article
1 Like
Global Fintech Series
1w
177
Image Credit: Global Fintech Series
Flexi Software Receives Strategic Investment from Quality Standard
- Flexi Software, a leading provider of accounting software, received a strategic investment from Quality Standard to enhance product innovation and customer service.
- Flexi Software, founded in 1992, offers an enterprise accounting platform known for its flexibility and expertise in managing complex, multi-entity businesses.
- Quality Standard aims to support Flexi's long-term growth and has appointed Jason Gilliland as CEO after Stefan R. Bothe retired following the investment.
- Flexi Software is dedicated to providing industry-specific accounting software, while Quality Standard focuses on partnering with long-term exceptional companies.
Read Full Article
7 Likes
Bloomberg Quint
1w
131
Image Credit: Bloomberg Quint
Jane Street Vs SEBI: Defining Moment For Market Integrity, Regulatory Oversight
- SEBI issues interim order against Jane Street, alleging manipulative trading practices for unlawful gains.
- SEBI accuses Jane Street of coordinated trading strategy manipulating index valuations, impacting retail investors.
- SEBI's action could reshape foreign trading entities' operations in Indian markets, enforcing market integrity.
- SEBI's decision to treat Jane Street's entities as a single group reflects evolving enforcement strategy.
- Jane Street given 21 days to respond, faces operational disruption and may reassess Indian market exposure.
Read Full Article
7 Likes
Bloomberg Quint
1w
284
Image Credit: Bloomberg Quint
SEBI Confirms No Proposal To Link Options Exposure With Cash Market Holdings
- SEBI has confirmed that there is no current proposal to link options exposure with cash market holdings, addressing recent media reports.
- Any regulatory changes in this regard would involve due process, including transparent and public consultation.
- SEBI's clarification follows earlier reports suggesting a potential shift in regulatory approach to equity derivatives, although sources indicate no concrete plan exists yet.
- SEBI's comparative study on equity derivatives trading showed fluctuations in turnover with a decline in index options turnover on a year-on-year basis, despite robust overall trading volumes.
Read Full Article
17 Likes
Bloomberg Quint
1w
212
Image Credit: Bloomberg Quint
NDTV Profit Pulse On July 8: Top 8 Stories Of The Day
- Tata Motors, Tata Steel, and JSW Steel updates are in focus today.
- Top stories include a possible India-US trade deal and SEBI vs. Jane Street case.
- S&P 500 and Dow Jones open mixed, WeWork India IPO updates, and more.
- Tata Motors reports decline in global wholesales, ex-SEBI Chair dismisses allegations.
- Uber India comments on market share, Kanchipuram becomes smartphone export capital.
Read Full Article
12 Likes
Eu-Startups
1w
120
Paris-based Didomi acquires Sourcepoint and raises €61 million to enhance privacy tech offering
- Didomi, a French Global Data Privacy Solutions provider, has raised €61 million and acquired Sourcepoint, a data privacy technology company with over 200 global enterprise customers.
- The deal aims to enhance privacy technology offerings by combining talent, solutions, and expertise across privacy and consent use cases supported by Marlin Equity Partners.
- Didomi and Sourcepoint intend to redefine privacy as a strategic growth lever and offer privacy-respecting data collection, data utilization, and attribution across digital platforms and channels.
- The acquisition aligns with Didomi's mission to help businesses balance user trust, regulatory compliance, and performance outcomes in the evolving marketing and advertising landscape.
Read Full Article
5 Likes
For uninterrupted reading, download the app