Digital Financial News

Mumbai: MicroVC firm Artha Venture Fund-I has clocked 19x return on its partial exit from its investment in Everest Fleet, a fleet management company. The fund bagged $2 million from its part stake sale in the company. The stake sale is part of the Series B funding round of $20 million that Everest Fleet raised from investors led by Uber and Paragon Partners.

₹1 lakh per sitting, and in many cases, there is a profit-linked commission paid to non-executive directors, which can be an incentive to attract more skilled and reputed individuals. Compensation can vary from ₹20 lakh to ₹1 crore-plus per director, depending on the size of the company, the industry and profit-linked commissions. A Mumbai-based headhunter specializing in board member searches noted a tripling in compensation over the past two years.

double door refrigerator are multifaceted and impressive. Firstly, they offer substantially more storage space, enabling homeowners to stock up on groceries, fresh produce, and delicious leftovers without the constant battle for space. Secondly, the separation of the freezer and refrigerator compartments ensures better temperature control and preservation of food, leading to reduced wastage.

Sygnum Singapore, a subsidiary of the Switzerland-based cryptocurrency bank Sygnum, has received approval for its Major Payment Institution License (MPIL) from the Monetary Authority of Singapore (MAS) to be able to provide crypto brokerage services to accredited investors and institutions in Singapore.

Click here! For all scheduled flights originating from destinations outside India, post-flight breath analyser examination of each flight crew and cabin crew shall be carried out at first port of landing in India, as per the norms. As per the draft CAR, no crew member shall consume any drug/formulation or use any substance such as mouthwash/tooth gel/perfume or any such product which has alcoholic content.

Roth MKM initiated Applied Digital Corp (NASDAQ:APLD) with a Buy rating and $14 per share price target in a note Tuesday.

For many consumers, dealing with certain industries — including finance and real estate — is a frustrating experience due to the vast amount of paperwork and red tape that comes with carrying out a transaction. Not surprisingly, the crypto industry has a tech-forward solution: tokenization. By representing real-world assets such as real estate, art, stocks and bonds — essentially, anything — as tokens on a blockchain, transactional parties can more easily trade, transfer and manage assets. The percentage of tokens owned by an individual represents their percentage stake in the underlying asset. 

NewsClick in connection with its probe into a case filed under the anti-terror law UAPA following allegations that it received money for pro-China propaganda. The news media house has been under investigation for allegedly receiving funds from China.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Saraswati Saree Depot, Exicom Tele Systems, and Vibhor Steel Tubes — have filed their draft prospectus papers with Sebi to launch their respective IPOs. Saraswati Saree Depot The IPO of Saraswati Saree Depot includes a fresh issue of 72.45 lakh shares and an offer for sale (OFS) of 35.5 lakh shares. Under the OFS, promoters Tejas Dulhani, Amar Dulhani, Shevakram Dulhani, Sujandas Dulhani, Tushar Dulhani, and Nikhil Dulhani will offload shares. The offer is being made through the book-building process where 75% of the issue is reserved for qualified institutional buyers, 15% for non-institutional investors, and 10% for retail investors. Saraswati Saree Depot is a key player in the sarees wholesale (B2B) segment, and its origin in the sarees business dates back to 1966. It is also engaged in the wholesale business of other women’s apparel wear such as kurtis, dress materials, blouse pieces, lehengas, bottoms, etc. On average, more than 90% of the company's total revenues are generated from the sale of sarees.

Sam Bankman-Fried and US prosecutors never engaged in talks about a potential plea deal and no such offer was made, a prosecutor said in court on Tuesday ahead of the start of the FTX cryptocurrency exchange founder's fraud trial. Mark Cohen, a lawyer for Bankman-Fried, confirmed that prosecutor Nicolas Roos was correct that no plea talks were held.

The programme helps restaurants access financial products such as term loans and credit lines from lending firms including Indifi, Incred, PayU, IIFL and FT Cash.

Venture capital interest in web3 startups continues to wane as data from Crunchbase reveals a seventh consecutive quarter of declining investments in the sector.

Disclaimer: The text below is an advertorial article that is not part of  Cryptonews.com  editorial content.

Delhi High Court on Tuesday sought response from the Telecom Regulatory Authority of India (Trai) on the All India Digital Cable Federation’s (AIDCF) petition alleging that the telecom regulator did not consider all its issues in the consultation paper ‘Review of Regulatory Framework for Broadcasting and Cable services" including the demand of Multi System Operators (MSOs) to make their own bouquet of TV channels. While Trai had on August 8 issued the consultation paper on issues pertaining to tariff, interconnection and quality of service of broadcasting and cable services, the Consultation Paper “fails to meet the standard of transparency,” the cable body stated in its petition filed through counsel Swapnil Gupta.

India Edtech Consortium (IEC), an edtech-focussed lobby group under the Internet and Mobile Association of India (IAMAI). Physicswallah cofounder Prateek Maheshwari has replaced Kumar, who stepped down as co-chair of the edtech body early September, according to an emailed announcement sent to some other members of the forum.

Krypton Solutions is likely to invest $100 million (Rs 832 crore) to set up a Printed Circuit Board (PCB) fabrication unit in Karnataka. Semiconductor manufacturing company Texas Instruments also affirmed its commitment to research and development (R&D) expansion in the state during a meeting with the state industries minister MB Patil in the US on Monday. Krypton Solutions, which plans to invest in Bommasandra for a new PCB facility in Karnataka, has already completed preliminary discussions with the government.

Innovations tend to be, by their very nature, disruptive. Governments tend to be, by their very nature, wary of disruption. Satisfying the primary objectives of these fundamentally different stakeholders in a single piece of legislation is, therefore, requires a nigh-on impossible balancing act.

room heaters, on the other hand, offer a reliable and efficient solution to tackle the winter cold. They come in a variety of types, from ceramic heaters to halogen heaters, each equipped with energy-efficient features and multiple heat settings. Some even offer additional features like humidifiers, ensuring not just warmth but also comfort and improved air quality.

When jurors size up FTX founder Sam Bankman-Fried for the first time, they might not know much about the world of cryptocurrencies. The prosecution and defense each could try to use that to their advantage.

The newly unveiled water heaters aim to cater to the diverse requirements and evolving preferences of customers through innovative features and solutions. Designed with utmost care, they have been meticulously built to ensure convenience, safety, efficiency, and the sheer joy of bathing.Sharing his views on the new launch, Mr. Mohit Narula, Managing Director and Country Manager (India), Ariston Group India Pvt. Ltd., said, “Racold has been known for quality and innovation for over 60 years.