JetSynthesys, backed by Adar Poonawalla and Sachin Tendulkar, may go public within 18-36 months to fund expansion. The company targets 20-fold growth in gaming, entertainment, and wellness sectors. It recently invested $4.5 million in Saudi game developer UMX Studio and launched the Global eCricket Premier League, aiming to combine cricket, gaming, and entertainment.
Italy's potential cybersecurity deal with Elon Musk's SpaceX, reportedly worth €1.5 billion, has sparked controversy. The opposition criticized using public funds for an American billionaire's satellite system. The Italian government denied contracts were signed but confirmed ongoing discussions. Giorgia Meloni, who has praised Musk, denied the deal was discussed during her meeting with Donald Trump.
North Korean leader Kim Jong Un oversaw a successful test of a new hypersonic ballistic missile, aiming to accelerate the country's nuclear and missile capabilities. The missile reached an altitude of nearly 100 km and manoeuvred to an accurate landing. South Korea disputed some of the test details, while U.S. Secretary of State Antony Blinken condemned the launch.
Bengaluru experiences comfortable temperatures with a moderate air quality index (AQI) on January 7, 2025. The India Meteorological Department (IMD) forecasts a partly cloudy sky and temperatures ranging between 16.04°C and 27.41°C for the day. With an AQI of 158, residents, especially those with respiratory issues, are urged to limit outdoor activities. The city’s weather is expected to remain steady over the next few days, while Delhi NCR anticipates rainfall.
Capital Infra Trust InvIT's IPO opens today, targeting Rs 1,578 crore. Priced between Rs 99-100 per unit, 75% is for institutional investors and 25% for non-institutional investors. Proceeds will repay loans. Sponsored by Gawar Construction, the trust focuses on road and highway projects. SBI Capital Markets and HDFC Bank are lead managers.
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Quadrant Future Tek IPO opens today with a fresh equity issue set to raise Rs 290 crore. The price band is fixed at Rs 275-290 per share. The company's focus on specialty cables and train control systems positions it well in a growing market, with analysts recommending subscription.