Three of the world's richest persons are Elon Musk, Jeff Bezos, and Mark Zuckerberg and their combined net worth is more than $100 billion. Presently there are 15 people in the world who with a combined net worth of $2.2 trillion.
Innovision Limited, a Haryana-based company, submitted its draft red herring prospectus to Sebi to raise funds through an IPO. The IPO includes fresh equity and an offer for sale by promoters. Proceeds will go toward debt repayment and working capital. Innovision provides security, toll plaza management, and skill development services.
Bengaluru hosted a three-day event on alternative dispute resolution from August 24. Organized by key legal institutions, the event featured discussions and training sessions led by Supreme Court and High Court judges. Aimed at promoting mediation and arbitration, it engaged legal professionals, students, and researchers to enhance understanding and practice of ADR in Karnataka and beyond.
Deputy Chief Minister Devendra Fadnavis revealed that an inquiry led by a high-ranking woman IPS officer has been ordered into the alleged abuse of two school girls in Thane. Fadnavis accused opposition leaders of politicizing the issue and affirmed the government's commitment to swift justice.
Antfin Singapore Holding sold Zomato shares worth Rs 4,771 crore on Tuesday through two block deals. Over 18.54 crore shares were sold at a premium over the floor price. The final stock price closed at Rs 263.20 on the NSE.
Taiwan's Bestec Group plans to invest Rs 200 crore in a new manufacturing unit near Bengaluru. Industries Minister MB Patil confirmed the project's aim to generate 5,000 jobs over three years. The facility will produce adapters, chargers, and cables, targeting an annual turnover of Rs 2,500 crore, with full government support assured.
The union minister was alleged to have illegally approved a mining lease to Sri Sai Venkateshwara Mineral in Sandur in Ballari district during his first stint as Chief Minister in 2007. The SIT, which completed investigations into the case, had in November last year, submitted a letter to the Governor seeking permission to file charges against the union minister.
The court was hearing a petition filed by one Wazir Singh Poonia, contending that the caste system is against fundamental rights.
Hyperbaric oxygen therapy has gained recent attention from celebrities like Mayim Bialik and Justin Bieber, raising interest in its potential health benefits and its role in combating the effects of aging.
The Dow Jones Industrial Average fell 22.0 points, or 0.05%, at the open to 40,874.52
Aye Finance raised $25 million from Goldman Sachs through a Rs 212 crore securitisation deal. The funding will aid in business expansion for the fintech company that lends to micro enterprises in India. Aye Finance has provided over Rs 10,000 crore in credit to 9 lakh businesses. Their FY24 net profit surged to Rs 161 crore.
The 2010 idea Euthanasia Coaster made headlines because of its lethal, fast-moving design. It spurred a public discussion on TikTok, where users expressed both curiosity and skepticism as they talked about its potential applications and questioned its veracity.
At a $15.4-billion enterprise value, Blinkit boosts Zomato’s valuation more than its food delivery business. This and more in today’s ETtech Top 5.
The Supreme Court mandated the removal of all identifiers of a rape-murder victim from social media. The victim, a trainee doctor from Kolkata, had her name and photos widely posted online. The court cited its earlier ruling to safeguard the identities of sexual assault victims.
The demonstration, which began early in the morning, saw protesters—including several women—block railway tracks and halt local train services between Ambernath and Karjat stations from 10:10 am. The situation escalated as the protesters vandalized the school where the alleged abuse occurred and clashed with police at the railway station.
Cyient's board authorised the sale of a 14.50% stake in its subsidiary, Cyient DLM Limited, via a block deal expected to complete by August 21. The company held a 66.66% stake in Cyient DLM.
The Maharashtra government suspended three police officers for not investigating allegations of sexual abuse of two girls at a school in Badlapur. Deputy CM Devendra Fadnavis announced the move and established a Special Investigation Team. The parents of the victims faced considerable delays, leading to continued protests, highlighting the seriousness of the issue.
Donald Trump amped up the hype around the US Election 2024 after posting fake endorsement posts around Taylor Swift and her fans, which could make him face a potential lawsuit from the American music star's end. However, there is some catch in Swift winning in case a lawsuit is indeed filed, suggest reports.
Recogni introduced a novel computing system named Pareto, which enhances AI chip efficiency by converting complex operations into simpler ones, reducing power consumption. Tested successfully on AI models from major platforms, Recogni aims to collaborate with hardware companies for broader application. This innovation could significantly impact AI technology by making it more efficient and cost-effective.
Prince Harry is attempting to pursue legal action. Even if Harry were to win a well-known legal battle against Murdoch, the Daily Mail, Daily Mirror, and the most repulsive of all the sui generis of the form would still harbour a deeply entrenched animosity towards him.
The Reserve Bank of India's approval for IndusInd Bank to establish a wholly owned asset management company (AMC) could set a precedent for other banks to create similar para-banking subsidiaries. This move follows previous RBI decisions allowing HDFC Bank and ICICI Bank to increase stakes in their insurance subsidiaries.
In 2023-24, Gujarat surpassed Uttar Pradesh in attracting bank funds for projects, according to a Reserve Bank study. Gujarat secured funding for 154 projects, accounting for 14.7% of the total Rs 3.9 lakh crore financed, up from 14% in the previous year. Uttar Pradesh, which received funds for 69 projects, saw its share drop to 7.6% from 16.2%.
Kerala's CM Pinarayi Vijayan stated that the government is seriously evaluating the Justice Hema Committee's recommendations, which include forming a tribunal and comprehensive Cinema Law. This decision follows severe criticism for inaction against crimes in the film industry. The report disclosed extensive harassment of women professionals and alleged control by a 'criminal gang.'
Investors showed interest in banks, auto, power, and utilities sectors, while capital goods, infrastructure, and FMCG stocks experienced selling pressure.
