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Elon Musk's xAI says it just raised $6 billion in funding, pulling in big bucks from Sequoia Capital and Saudi Arabia
Musk said in an X post that the AI startup's pre-money valuation was $18 billion.
Kwan Wei Kevin Tan
Cornerstone Ventures launches second fund with $200 million target for investment in emerging B2B enterprise technology opportunities
Cornerstone Ventures, a venture capital firm focusing on B2B Enterprise technology investments, has…
Sebi mulls facilitating MFs to invest in overseas funds with exposure to Indian securities
The move would help keep Indian fund of funds (FoFs) true to their label, coupled with cost eff…
PTI
India’s ‘wealth wave’ and the stocks that are poised to gain from it
Indians are saving better, if not saving more. A lot of Indian savings are being directed to equiti…
Zypp Electric raises $15 million funding in Series C Round
EV-as-a-service platform Zypp Electric on Monday said it has raised USD 15-million funding from Jap…
PTI
Saudi Arabia's $100 billion AI and semi-chip fund says it will divest from China if the US asks
"US is the number one market, US is the number one partner, and we hope we can partner more deeply,…
Filip De Mott
Medi Assist Healthcare closes debut day with 11% listing gains
Medi Assist Healthcare debuted on the stock exchanges at a 11.2% premium on Tuesday. The grey marke…
After F&O trading platform, CoinSwitch's founders launch zero-commission Mutual Funds with Lemonn
PeepalCo's Lemonn platform is now offering zero-commission Mutual Funds, competing with top Indian …
Medi Assist Healthcare IPO subscribed 54% on day 1
As much as 54% of insurance tech company Medi Assist’s initial public offer (IPO) was subscribed by…
Markets end special trading session with gains
The National Stock Exchange (NSE) and BSE on May 7 said they will conduct a special trading se…
PTI
Nova Agritech stock closes with 39% listing gains on debut day
Agri input manufacturer Nova Agritech surprised the market by listing with a 46% premium on Wednesd…
PE, VC investments in domestic companies drop to $27.9 bn in 2023
Investments by private equity (PE) and venture capital (VC) funds to homegrown companies declined t…
Groww receives SEBI approval to launch Nifty non-cyclical consumer index fund
Financial services company Groww has received approval from the Securities Exchange Board of India …
Recycling startup Metastable Materials secures seed funding from Sequoia India's Surge & others
The startup is leading the way in developing a chemical-free process to recycle lithium-ion batteri…
Rupee trades in narrow range against US dollar in early trade
At the interbank foreign exchange market, the local unit opened at 83.48, it touched 83.46 in t…
PTI
Rupee settles on flat note, higher by 2 paise at 83.50 against US dollar
At the interbank foreign exchange market, the local unit traded in a narrow range. It opened at…
PTI
Rupee rises 8 paise to 83.44 against US dollar in early trade
At the interbank foreign exchange market, the local unit opened at 83.49 against the greenback.…
PTI
Rupee settles on flat note at 83.51 against US dollar
At the interbank foreign exchange market, the local unit traded in a narrow range. It opened at…
PTI
Rupee trades in narrow range against US dollar in early trade
At the interbank foreign exchange market, the local unit opened at 83.50, and touched 83.49 in …
PTI
Sebi mulls flexibility for AIF, VCFs to deal with unliquidated investments beyond tenure expiry
Capital markets regulator Sebi on Monday proposed to provide flexibility to Alternative Investment …