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₹350 crore was concluded by India Business Excellence Fund IV. Prior to this, India Business Excellence Fund III had invested ₹250 crore in Jan 2020. “This investment reaffirms MOAIAPL’s faith in VVDN and its business model.

Stock market today: Nazara Technologies Limited today announced that its board has approved an issue of Equity Shares having face value of ₹4 each, to raise up to ₹410 crores, on preferential basis, subject to the receipt of approval of the shareholders of the Company and such regulatory / statutory authorities as may be applicable. Rekha Jhunjhunwala-backed company is proposing to issue 57,42,296 Equity Shares at a price of ₹714/- per Equity Share aggregating to ₹4,099,999,344 or ₹410 crore to SBI Mutual Fund, by way of preferential issue on private placement basis.

A massive blowout in costs at Bubs Australia was due to $17 million in marketing and travel expenses, as well as $2 million spent on legal fees and another $3.6 million outlay on consulting charges, the infant formula company’s annual report shows.

Beleaguered crypto lending firm Celsius Network, that went bankrupt in July 2022, has filed an “adversary complaint” against private lending platform EquitiesFirst, in an attempt to recover assets.

digital banking experience, Airtel Payments Bank announced that it would enable Face Authentication-based savings bank account opening for customers on the Airtel Thanks App. The facility which will go live by the end of the year 2023 will allow users to open an account digitally with the Bank, using face biometrics as e-KYC, within minutes from anywhere in the country.

gold ETFs, other commodities, and ETF and exchange Traded Commodity Derivatives (ETCDs), aiming to reduce overall risk. DSP MAAF will allocate assets based on 3 key but simple factors – long-term expected returns from different asset classes, their realized volatility, and the correlation among each asset class. The key idea is that when assets with low correlation among one another are added to a portfolio, even if one asset class faces a downturn, another one might perform well, potentially smoothening out the investor experience.

Qantas’ major superannuation investors are ramping up the pressure on the airline’s board to curtail outgoing chief executive Alan Joyce’s pay packet, warning his early exit “has not erased the issues that concern us”.

OpenAI CEO Sam Altman while speaking about the event said, “We’re looking forward to showing our latest work to enable developers to build new things" OpenAI said that it has continuously updated its application programming interface to include the most advanced model in order to make it easier to integrate ‘cutting-edge AI into their projects’. It also noted that over 2 million developers use its GPT-4, GPT-3.5, Dall-E and Whisper AI models for a range of use cases.

Ahead of its public listing, Oyo witnessed the exit of its India CEO, Ankit Gupta and Europe head, Mandar Vaidya. The recent exit has increased the list of top executives who have left the hospitality and travel tech startup in last one year.

DSP Mutual Fund announced the launch of DSP Multi Asset Allocation Fund (DSP MAAF), an open-ended scheme that aims to offer investors long-term returns like what equities may offer but with added resilience against market falls. DSP MAAF aims to benefit investors by diversifying their investments between asset classes like domestic equities, international stocks, debt instruments, gold ETFs, other commodities and ETF & Exchange Traded Commodity Derivatives (ETCDs), aiming to reduce overall risk, a press release said. Historical data has repeatedly shown that the best-performing asset class can vary significantly over the years, making it difficult to predict the winner each year. Hence one’s best bet is to invest across asset classes. DSP MAAF will allocate assets based on 3 key but simple factors – long-term expected returns from different asset classes, their realized volatility and the correlation among each asset class. The key idea is that when assets with low correlation among one another are added into a portfolio, even if one asset class faces a downturn, another one might perform well, potentially smoothening out the investor experience. Further, historical returns of a multi asset model portfolio have shown returns similar to those from domestic equities with significantly lesser volatility than equities.

ChatGPT last year and quickly rushed to bring its own generative AI-based chatbot Bard to the market. Pichai also took cognizance of the complexities and risks posed by artificial intelligence technology.

BlackBerry forecast a 21.4% decline in its second-quarter revenue due to weakness in the Canadian technology company's cybersecurity segment, sending its U.S.-listed shares nearly 10% lower in extended trading on Wednesday. In its preliminary results announcement for the quarter, the company said it expects revenue of about $132 million, compared with $168 million last year.

The Sun Cable solar export venture will this month apply for a licence in Singapore to import energy as it pushes ahead with the project after the completion of the sale on Thursday to billionaire businessman Mike Cannon-Brookes’ Grok Ventures.

Chinese tech giant Tencent is launching its artificial intelligence model «Hunyuan» for business use at an annual summit on Thursday, Dowson Tong, CEO of the cloud and smart industries group at Tencent, told CNBC in an exclusive interview ahead of the event.

startups, unless there is no one with a CEO designation. The women up for this year's award run a diverse set of startups.Founder: Ayushi Gudwani

settle at $90.04 a barrel on Tuesday, closing above the $90 mark for the first time since November 16, 2022. US WTI futures had gained $1.14, or 1.3 per cent, to settle at $86.69 a barrel, also a 10-month high. Investors had expected Saudi Arabia and Russia to extend voluntary cuts into October, but the three-month extension was unexpected.

Listed audiovisual networking business Audinate was making the most of its post-results rally, putting a $50 million capital raising to listed equities investors on Thursday morning.

LOS ANGELES (Reuters) — Former Amazon executive Dave Clark on Wednesday announced that he will resign as CEO of Flexport, one of the best funded U.S. logistics startups.