Harris entered the fray after President Joe Biden stepped aside from the top of the Democratic ticket, unleashing floods of funding that had dried up in the weeks after Biden's disastrous debate against Republican Donald Trump.
Accel invested $9 million in Uppercase, raising the luggage brand’s valuation to $60 million. The funds are aimed at expanding retail stores in India, Europe, and the Middle East. Uppercase plans to open 50 stores by March 2025 and aims to double its revenue to Rs 150 crore this fiscal year.
It plans to invest this money in 20-15 consumer-focused startups at the pre-seed stage across sectors. Investments will be in the range of Rs 50 lakh to Rs 2 crore. The fund is expected to close within the next three to four months. This development comes amid a wave of new domestic funds and micro venture capital firms emerging in India, which are backing startups at very early stages with smaller cheques compared to established VC firms.
The rapid growth of digital payments prompted increased scrutiny of online merchants by the DGGI due to rising tax evasion cases. Authorities worked with startups and payment gateways to monitor proper GST invoicing. Continuous monitoring and vigilance were required to identify and correct anomalies in merchants’ activities, highlighting the need for rigorous due diligence from payment aggregators.
The Nifty index saw a minor uptick of 126.20 points. HINDPETRO and TORNTPOWER are both approaching key breakout points, with technical indicators showing bullish signals. Investors might find these stocks attractive due to their potential for significant upward movement based on recent price actions and volume insights.
The payout comes after Infosys led industry growth in Q1FY25 reporting healthy earnings of a 7.1% year-on-year growth in net profit on a 3.6% revenue growth as against further subdued growth by its top tier peers. The firm has also raised its revenue guidance for the full year FY25 to 3-4% in constant currency terms citing return of business demand and bullish market environment in the last two quarters.
While they have been under pressure in the short term, the fact is that in the last three years, banks have made a comeback. So, there will be phases of correction once in a while but because the operation matrix has improved, there is a higher probability that the banks will deliver returns in the medium term. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components — earnings, fundamentals... Читать дальше...
India's digital connectivity is set to expand significantly with three major undersea cable projects coming online between October and March: 2Africa Pearls, IndiaAsia-Express (IAX), and India-Europe-Express (IEX). These projects will increase capacity by more than four times, enhancing internet services and supporting advanced technologies like 5G and AI.
Neville Tata, 32, has been appointed as the new head of Star Bazaar, marking the emergence of the next generation of Tatas in the business. Neville, son of Trent Ltd chairman Noel Tata, previously served as a non-executive director at Trent Hypermarket and has now transitioned to a more active role. He joined Trent Ltd in 2016 and has managed successful brands such as Zudio.
Foreign banks operating in India have requested the RBI to extend the compliance deadline for the 2018 data localization guidelines to January 2025. These guidelines require that all payment system data related to Indian customers be stored exclusively within India. The banks have already started complying with the rules for new transactions but face challenges in moving or deleting historical data stored abroad.
After Vinesh Phogat missed an Olympic medal by just 100 grams, her endorsement opportunities have surged, with 15 brands seeking to sign her. Her endorsement fee has jumped to ₹1 crore per deal annually, up from ₹25 lakh. Phogat, who previously endorsed Nike and Country Delight, is now joined by other standout athletes like Neeraj Chopra and Manu Bhaker.
HCL Technologies Ltd neared a breakout from its February 2024 highs, creating prospects for reaching 1,900 levels. Despite initially losing momentum and revisiting its 50-week moving average, the IT stock found support above 1,200 in June and has since recovered significantly. Currently trading above key short- and long-term moving averages, it is nearing a breakout from its February 2024 highs, closing at Rs 1,678 on August 19, 2024.
Nancy Pelosi, who served as the Speaker in the House of Representatives, was instrumental in pushing Joe Biden out of the poll race, even though they had a very strong personal bond and friendship. Recently, she defended her stand for pushing Biden out, claiming that it was for the betterment of the Party as well as the nation.
Barack Obama has helped rebuild the Democratic Party from the ashes after they had clearly fallen way back in the US Presidential elections 2024 after Joe Biden's sudden exit from the ticket. His advice and constant mentorship for VP Kamala Harris, who succeeded Biden for the Democrat ticket, has gone a long way in ensuring that Obama is still one of the biggest influential when it comes to the Democrats.
Kamala Harris is under a wave of controversy after a Truth Social content revealed that Kamala Harris, the new Democrat candidate after Joe Biden's exit, is refusing to face Donald Trump for a debate to be aired on Fox News. This has become a major point for Donald Trump who is writing consistently about it on social media, along with his Republican supporters.