Beyond Financial News

Kirin Holdings is investing $25 million (about ₹205 crore) to buy an additional minority stake in B9 Beverages, the maker of craft beer Bira 91 and owner of pub chain Beer Cafe, executives aware of the development said. The transaction, made through purchase of fresh shares, will boost Kirin's holding in B9 Beverages beyond the current nearly 20%, the executives said requesting anonymity. Another American financial investor is also close to investing $25 million for an additional stake in B9 Beverages, which is expected to be closed in the coming weeks, said one of the executives cited above. The person did not identify the investor. The fresh investments of $50 million (₹410 crore) are being done at a pre-money valuation of $600 million. Tokyo-listed Kirin Holdings had invested ₹570 crore in the beer company in late 2022, raising its stake to 20%, valuing the beer maker at $600 million. Launched in 2015, B9 Beverages sells craft, lager and strong beer across brands like Bira White, Gold and Boom. It has a presence in 24 countries and operates six breweries. Ankur Jain, B9 Beverages chief executive, and Rahul Singh, chief executive and founder of The Beer Cafe, could not be reached for comments.

Mark Zuckerberg reviews Apple Vision Pro says ‘future isn't written yet’ However, the billionaire agreed that sharing the responsibilities with his "awesome" people is also crucial. "You need all these other awesome people because no matter how much time I put into all these things, there's still going to be so much stuff that I can't get to and we need awesome people who can do all the really important stuff that I'm not doing, but I don't know".

₹1,781, thanks to increased volume and higher realization, with a favourable product mix contributing to this rise. The company is poised for a strong final quarter, bolstered by a price increase of ₹600-650 per tonne in January, which would boost realization further. Moreover, NMDC is confident of achieving a production volume of 46-47 million tonnes in FY24, marking a 13% year-on-year increase in Q4 to meet the lower end of its guided range.

Taiwan, a Memorandum of Understanding (MoU) was inked on Friday, opening doors for Indian migrant workers to explore job opportunities in Taiwan. «Taiwan-India relations reach a new high! The MOU on the Facilitation of Employment of Indian Workers, signed by @TWIndia2 Rep. Ger & @ita_taipei Rep Yadav,» the Ministry of Foreign Affairs of Taiwan (@MOFA_Taiwan) announced the milestone in a post on social media platform X. The MoU is seen as a step towards mutual benefits, igniting a robust momentum for deeper cooperation between the two nations.

Odisha's Chief Minister Naveen Patnaik topped the list with a remarkable popularity rating of 52.7 per cent. Uttar Pradesh's Chief Minister Yogi Adityanath secured the second position with a 51.3 per cent popularity rating. The third spot is held by Assam's Chief Minister Himanta Biswa Sarma, who garnered a 48.6 per cent rating, while the fourth position is occupied by Gujarat's Chief Minister Bhupendra Patel, with a 42.6 per cent rating.

YouTube CEO Susan Wojcicki, has passed away. According to a report by PEOPLE, the Berkeley Fire Department notified campus police that they were administering life-saving measures on Troper, who was found unresponsive at UC Berkeley's Clark Kerr Campus dormitory on Tuesday afternoon. The report noted that despite efforts by the fire department, Troper was pronounced dead shortly thereafter.

OTT) video consumption and online gaming are on the rise, as a re A I-based applications, all of which are fuelled and maximised by the rollout of 5G across the country. However, all this enhanced internet usage has necessitated data centre players to fast-track their expansion plans. Computing infrastructure in tier2 and tier-3 cities is undergoing a significant upgrade. Technology giant Microsoft expects the AI revolution to have a significant impact on the architecture underpinning data processing. In an interview with ET last week, CEO Satya Nadella said that the company is focused on leading research work on what the next model architecture will be, so that it can stay ahead of the curve in anticipating the next generation of the data centre system.

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Pokhran range close to the India-Pakistan border in Rajasthan's Jaisalmer on Saturday witnessed the Indian Air Force's full spectrum display of combat and fire capabilities as part of its Exercise Vayu Shakti-2024. Over 120 aircraft of the IAF, including Rafale, Su-30 MKI, MiG-29, Mirage-2000, Tejas, C-17 and C-130J, took part in the exercise, keeping with the tagline 'lightning strike from the sky'. The fighter jets attacked and destroyed simulated enemy targets on the ground and in the air. A Rafale aircraft also successfully engaged an aerial target with a Beyond Visual Range air-to-air missile. The exercise also showcased combat support operations by transport aircraft, including a Containerised Delivery System drop by a C-17 heavy-lift aircraft and an assault landing by a C-130J carrying the IAF's elite Garud commandos.

Shares of Covid-favourite ITC are now under pressure amid discussions around BAT stake sale. In Friday’s session, the stock fell below the Rs 400-mark. “It has approached the upper band of a historical consolidation, which could potentially serve as support. In the short term, there might be a recovery towards Rs 440 and beyond. Support on the lower end is set at Rs 389, and if breached, the stock might face a further decline,” says Rupak De, Senior Technical Analyst at LKP Securities.

Afghan women feel scared or unsafe leaving their home alone because of Taliban decrees and enforcement campaigns on clothing and male guardians, according to a report from the UN mission in Afghanistan. The report was issued days before a UN-convened meeting in the Qatari capital Doha, where member states and special envoys to Afghanistan are expected to discuss engagement with the Taliban. The Taliban have barred women from most areas of public life and stopped girls from going to school beyond the sixth grade as part of harsh measures they imposed after taking power in 2021.

PGDM(MBA^) Admissions, artificial intelligence now looks through a set of data to spot patterns and predict candidates who are the most deserving. This makes admission faster and helps ensure that assessments are fairer, human decisions that could be subjective. The impact of AI extends beyond simply the process of admissions and affects how we handle human resources within MBA programs.

life insurance, fixed deposits and mutual funds in the next year, indicating a proactive approach towards financial planning. This was revealed in a study titled ICICI Lombard’s report on emerging trends in health insurance with focus on taxation benefit. At the same time, individuals aged 26-45 make a greater set of investments, the report states.

MicroStrategy’s Bitcoin investment has soared beyond the $10 billion mark, owning over 190,000 BTC as Bitcoin’s value climbs past $50,000. This achievement underscores MicroStrategy’s confidence in Bitcoin’s long-term prospects and its utility as an inflation hedge.

OneDigital Investment Advisors is continuing to solidify its position in the retirement plan advisory market with another significant acquisition.

Stellantis CEO Carlos Tavares has his attention fixed on Chinese competitors as the automaker’s launch of its electric vehicle strategy begins in earnest

According to the latest Stock Trader's Almanac newsletter, stocks can gain up to 15% this year despite some initial potential weakness.

Hindustan Aeronautics Limited (HAL), Bharat Forge, MTAR Technologies, and others saw sharp intradya gains on Friday, February 16, after the Defence Acquisition Council (DAC) approved contracts worth approximately ₹84,560 crore, for enhancing India's overall defence requirements and infrastructure. The DAC, chaired by Defence Minister Rajnath Singh, gave the green light to the proposals during its latest meeting.

MintGenie, Himanshu Kohli, Co-Founder of Client Associates, talks about global citizenship, private equity and debt, among others. Click here to read the first part. Many families in India are also thinking about having a plan B, which means if tomorrow something goes wrong in India, they have a backup outside India, which is where their plan B comes into the picture.

innovation theme. Innovation extends beyond the realm of technology, encompassing various fields. The innovation landscape in India is flourishing, driven by increasing per capita GDP, shifting consumer behaviours, a growing youth demographic, changing consumer preferences, and robust government initiatives.

A Quiet Place 3 is in the works, but fans might have to wait beyond 2025 for the Abbott family's return. With the prequel A Quiet Place: Day One set for release this year, here's everything you need to know about the upcoming sequel.