Overseas investors are flocking to Indian assets through a derivative product ahead of government bond inclusion in the JPMorgan index, accounting for 30% of $10 billion flows into local debt in nine months.
Sensex and Nifty hit new highs. NCLAT directs NCLT to re-hear APL Apollo Tubes insolvency plea. Reliance Jio's tech collaboration with TM Forum sees 80% resource increase. Police investigate child labor at Som Distilleries. Mahindra Lifespace targets sharp increase in sales. Lupin enters CDMO business. Alembic Pharma receives FDA approval.
Indian national Nikhil Gupta, 53, is accused of plotting to murder Sikh extremist Gurpatwant Singh Pannun in New York. Gupta was arrested in the Czech Republic and extradited to the US on June 14. He pleaded not guilty in a federal court. The US Justice Department emphasized its commitment to protecting American citizens and free speech. Gupta, allegedly working with an Indian government employee, faces charges of murder-for-hire and conspiracy. If convicted, he could be sentenced to a maximum of 10 years in prison for each charge.
Happy Tuesday! New investors are finalising Bluestone’s pre-IPO funding round. This and more in today’s ETtech Morning Dispatch.
Prime Minister Narendra Modi will visit Uttar Pradesh and Bihar on June 18-19. In Varanasi, he will participate in the PM Kisan Samman Sammelan, issuing certificates to over 30,000 women from self-help groups and releasing the 17th installment of PM Kisan Nidhi, totaling over Rs 20,000 crore to 9.26 crore farmers. He will also attend the Ganga Aarti and visit Kashi Vishwanath temple. In Bihar, Modi will visit the Nalanda ruins and inaugurate Nalanda University's new campus, a "Net Zero" Green Campus... Читать дальше...
The White House declined to comment on whether the plot to kill pro-Khalistani terrorist Gurpatwant Singh Pannun was discussed during National Security Adviser (NSA) Jake Sullivan's meetings in India. National Security Spokesperson John Kirby emphasized the focus on deepening US-India relations, particularly in emerging technology. Sullivan's visit to Delhi marked the first trip by a senior Biden Administration official after the Modi government's third-term victory. Meanwhile, Indian national Nikhil Gupta... Читать дальше...
World No. 3 Aryna Sabalenka and World No. 10 Ons Jabeur will not compete in the Paris Olympics. Sabalenka, the reigning Australian Open champion, cited health concerns and the need to prepare for the hard-court season. Jabeur also decided to skip the Olympics to avoid injury risks due to the rapid surface change from grass to clay. Both players emphasized the importance of health and readiness for the upcoming tournaments. Naomi Osaka and Caroline Wozniacki are set to return for the Paris 2024 Olympics.
Third Wave Coffee, backed by Westbridge Capital, plans to open 50 new stores in existing markets like Bengaluru, Delhi-NCR, Mumbai, and Hyderabad, with a focus on Chennai, as stated by new CEO Rajat Luthra. The expansion comes as new-age coffee brands such as Blue Tokai, Subko Coffee and AbCoffee have seen a rush of venture capital.
Jewellery retailer Bluestone is in talks with Peak XV Partners, Steadview Capital, and Think Investments for a $100 million pre-IPO round. The investment is expected to value Bluestone at around $900 million pre-money.
Ofbusiness founder Vasant Sridhar, MoEngage founder Narasimha Reddy, Uni Cards founder Nitin Gupta, and Scapia founder Anil Goteti, among others who participated in the funding round for the speech analytics platform for financial institutions.
Z21 Ventures, an early-stage investment firm focusing on the India-US corridor, has fully deployed its first $5-million fund and is gearing up to launch a $40 million second fund. The firm, founded in 2022 by Abhinav Shashank and Raj Shekhar Singh, targets enterprise software and hardware startups with investments ranging from $100,000 to $150,000, backed by a community of Indian-origin technology executives like Google, Amazon, and Meta.
SAP, Europe’s largest technology company, is developing AI agents for anomaly alerting, decision support, and task automation. It focuses on business AI solutions and plans to release 100 generative AI use cases by 2024. Kask mentioned the benefits of AI agents in boosting productivity and handling diverse, complex processes.
Jewellery retailer Bluestone is in talks with Peak XV Partners, Steadview Capital, and Think Investments for a $100 million pre-IPO round. The investment is expected to value Bluestone at around $900 million pre-money.
Coca-Cola India is seeking to sell a minority stake in its subsidiary, Hindustan Coca-Cola Beverages, following PepsiCo's model of outsourcing bottling operations to Varun Beverages Ltd.
Advance tax collection in FY till June 15 surged 27.6% to ₹1.48 lakh crore, with ₹1.14 lakh crore as corporate tax and ₹34,362 crore as personal income tax, indicating a strong economy and corporate performance.
Swiggy Instamart, Zomato, and BigBasket plan to expand quick commerce services to electronic products and white goods categories, delivering within 10-45 minutes by Diwali.
Balrampur Chini Mills Ltd, a major player in the sugar industry, experienced a significant stock rally and breakout, supported by technical indicators. The stock's positive momentum suggests a potential upside towards 485-490 levels.
David Beckham-Victoria-Rebecca Loos once dominated the headlines of tabloids and now a book has claimed the reason behind outburst of soccer star's personal assistant.
Demon Slayer Season 4 is about to reach an exciting conclusion. Fans can expect the same level of excitement as seen in Season 3's special finale.
Danny and Michael Philippou have dropped out of the film ‘Street Fighter’. They are busy with other projects and the producers are looking for a new film maker. The details regarding the storyline, cast and other information are not yet known. This is a video game which is being adopted into a film.
Netflix is a home to some amazing thriller content and some of them are sadly departing from the premium streaming platform later this June. Here's a list of some of the must-watches before they pack their bags. These include some timeless classics from ace directors of the yesteryears as well.
STSS, a severe and fatal bacterial infection, is striking a record in Japan. It claimed 77 lives between January and March of this year.
Premier League is all set for 2024-25. However, the fixture for the league has not been announced yet. After the schedule is announced, you can download the fixture on your mobile phone.