In April, private equity and venture capital investments dropped by 35% to USD 4.4 billion compared to USD 6.8 billion in the previous year, as per a report by EY and IVCA. Despite this decline, the number of deals rose by 56%, totaling 98. The caution among investors is attributed to global uncertainties and ongoing Indian general elections. Large deals above USD 100 million decreased by 48% to USD 3.1 billion across nine deals.
Tesla's latest impact report excludes the goal of delivering 20 million vehicles annually by 2030, shifting focus to robotaxis, diverging from Musk's 2020 target to outsell Toyota by nearly double.
Mehul Choksi, a prominent figure in the multi-crore PNB scam, conveyed to a special court his inability to return to India, citing reasons beyond his control. He asserted that this circumstance should preclude him from being labeled a "fugitive economic offender." Choksi maintained that his departure from India was not motivated by a desire to evade criminal prosecution, nor is he unwilling to come back to the country. He cited the suspension of his passport by Indian authorities as a factor contributing to his current situation.
The round saw participation from T-Hub Foundation and existing investor Kalaari Capital. The fresh capital infusion will help the 2021-founded startup’s product development, market expansion, and enhancement of its artificial intelligence (AI) systems.
UK retailers caution against bulk-buying as government advises having 3 days' worth of supplies. Andrew Opie from British Retail Consortium emphasizes most households already have enough non-perishables. Government launches 'Prepare' website for emergency preparedness.
The firm has launched 12 projects with a saleable area of 9.47 million square feet, reinforcing its expansion into high- potential micro-markets for the fourth quarter (Q4FY24) ending March 31, 2024.
Financial stocks powered up Indian blue-chip indices on Thursday, taking them to all-time highs. Short-term moving averages are expected to support the indices on any decline. Nifty formed a long bull candle on the daily chart. The MACD showed bearish signs on the counters of Vadilal Industries, Bharat Rasayan, Godrej Properties, Maithan Alloys, Mrs Bectors Food Specialities, Astral, and Ajanta Pharma.
The Delhi Police, following a hoax bomb threat email received by the North Block, has written to Google requesting details of the email's IP address. The IP address is crucial for identifying the origin of the email. Despite the alarm raised by the threat on Wednesday at the Ministry of Home Affairs office, it was deemed a hoax after no suspicious items were found.
Boeing CFO Brian West mentioned that commercial jet deliveries will not increase in the second quarter due to production quality issues. He also discussed delays in jet deliveries to China related to a regulatory review of batteries for the cockpit voice recorder.
Dr. Anthony Fauci’s adviser Dr David Morens is under scrutiny for certain alleged wrongdoings. His emails are being investigated. He served as a top adviser to Dr. Anthony Fauci during the COVID pandemic.
CM Siddaramaiah emphasized the need for officials to work efficiently amidst higher-than-normal rainfall and the ongoing code of conduct. Siddaramaiah disapproved of the way insurance firms were handling the crop loss insurance claims. Such conduct would bring bad name to the government, he said, and asked officials to discuss with insurance firms and make life easy for farmers.
At the event Poco unveiled three variants of Poco F6 priced at Rs 25,999 with 8 GB RAM and 256 GB ROM storage for files, photos etc, Rs 27,999 for 12 GB RAM and 256 GB ROM variant, and Rs 29,999 for the model with 12 GB RAM and 512 GB ROM.
Barmer was followed by Phalodi with maximum temperature at 48.6 degrees degrees, Fatehpur at 47.6 degrees Celsius, Jaisalmer at 47.5 degrees Celsius, Jodhpur at 47.4 degrees Celsius, Jalore at 47.3 degrees Celsius, Kota at 47.2 degrees Celsius and Churu at 47 degrees Celsius, the Met Centre said.
Air India unveiled its annual salary increments for employees and introduced an annual target performance bonus for pilots, marking the first appraisal cycle since the Tata Group assumed control of the struggling airline over two years ago. Alongside the rise in fixed pay for the fiscal year 2023-24, Air India has implemented an element of annual target performance bonus for its pilots, contingent upon both company-wide and individual performance. This addition will take effect starting from the fiscal year 2024-25.
Maneka Gandhi, supported by Varun Gandhi, is contesting against Ram Bahadur Nishad and Uday Raj Verma in Sultanpur during the ongoing Lok Sabha polls. Varun's active campaigning is expected to benefit their electoral prospects.
Revenue from operations went up by 1.4% at Rs 17,752.87 crore in the period under review. The company said excluding the agri-business (which was severely impacted due to government restrictions in trade of agri-commodities), the company’s gross revenue during the fourth quarter has gone up by 6% y-o-y.
Since its premiere on Netflix, Sweet Tooth (2021-) has enthralled global audiences, establishing itself as a cherished fan favorite. The success of Season 2, garnering 48.3 million hours of views within its initial four days, has only heightened the excitement for what's to come.
The Election Commission opposes an NGO's plea in the Supreme Court to upload polling station-wise voter turnout data, citing chaos and electoral space concerns. The NGO, 'Association for Democratic Reforms', seeks to post legible copies of Form 17C Part-I. The poll panel argues against public disclosure of Form 17C to maintain electoral integrity.
Uttar Pradesh Chief Minister Yogi Adityanath encountered a hiccup during his campaign in Bihar, finding himself unexpectedly flown to the wrong constituency by helicopter. Despite the disruption, he managed to address two rallies in Bihar's constituencies before concluding his tour in Purbi Champaran. Adityanath, known for his oratory skills, engaged the crowd with Bhojpuri phrases and emphasized the historical ties between Uttar Pradesh and Bihar, inviting them for a visit to Ayodhya after the elections.
Kushal Kumar is an Indian astrologer who claims to have predicted some world events. He uses the Vedic astrological chart to do so. The Vedic astrological chart is popular in Hindu culture, and it is supposed to be a “map of our karma” using planetary and star alignment.
Orthodox tea exports are thriving, with Iran's controlled payments and Indian ambassador Rudra Gaurav Shresth's support aiding trade. Mohit Agarwal of Asian Tea anticipates a 10% increase in overall exports, citing a rise in exports to Russia.
Despite recent turbulence in bilateral relations, the Maldives is set to launch India's RuPay service, a move expected to strengthen the Maldivian Rufiyaa. Minister of Economic Development and Trade Mohamed Saeed highlighted the significance of the upcoming launch, emphasizing the administration's priority to address currency issues and reinforce the MVR. While no specific date has been announced for the launch, discussions are underway with India to facilitate payments in rupees within the Maldivian territory.
The former CEO spent 14 years at the helm and is credited with transforming the bank into a wealth management powerhouse. He also orchestrated a succession plan in which Ted Pick took the reins at the same time as retaining the two other CEO candidates, executives Andy Saperstein and Dan Simkowitz, a rarity on Wall Street.