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Coatue Management alumnus Michael Gilroy and longtime technology executive Gokul Rajaram are forming a venture firm, according to people with knowledge of the matter. They’re in early discussions to raise capital from anchor investors and have yet to name the firm, said one of the people, who asked not to be identified discussing confidential information. They plan to raise $400 million to $500 million for their debut fund, and will formally kick off fundraising in the new year, the person said. The pair, who plan to make early-stage investments in fintech and software companies primarily in the US, have already begun discussing making potential investments in startups, the person said.

Subscribe to enjoy similar stories. The first legal challenge to generative artificial intelligence models in India surfaced last week when news agency ANI filed a lawsuit against OpenAI in the Delhi High Court alleging copyright infringement. In this case, a first-of-its-kind in India, New Delhi-based ANI has accused the San Francisco-headquartered creator of ChatGPT of using ANI’s copyrighted content to train its language models.

Samvidhan Divas Padyatra on November 25 alerting commuters about traffic restrictions near India Gate. According to the advisory, information has been received that the department of Youth Affairs through its autonomous organization 'Mera Yuva Bharat' is conducting a nationwide Samvidhan Divas Padyatra to mark the 75th Year of adopting our constitution. The Padyatra will be flagged off and led by Minister of Youth Affairs and Sports and Labour & Employment, and other dignitaries. It will begin around 8 am from Major Dhyan Chand National Stadium, India Gate Circle and will culminate at same place by 9:30 am. It is estimated that about 10,000 youth/participants are likely to participate in the Padyatra, the advisory said.

Samajwadi Party Chief Akhilesh Yadav on Sunday accused the Bharatiya Janata Party and the administration of orchestrating the incident to prevent any discussion on «election fraud.» Addressing a press conference, Akhilesh Yadav, who was the former chief minister of the State alleged that the ASI survey team had been sent to disrupt the environment so that no one could discuss the Uttar Pradesh by-poll election results.

Most people taking popular drugs like Ozempic and Wegovy to lose weight have shed significant pounds

Eminent Electricity Distribution Ltd, a subsidiary of CESC Ltd, has received the Letter of Intent (LOI) for acquiring 100 per cent equity in a company responsible for electricity distribution and retail supply in Chandigarh. CESC, part of the RP-Sanjiv Goenka Group, had emerged as the highest bidder for the Rs 871-crore deal, securing the tender for the Chandigarh distribution business in 2021. However, the privatisation bid was challenged by trade unions.

GST annual return has to be mandatorily filed for FY 2023-24 by every GST registered taxpayer with a few exceptions by on or before December 31, 2024. However, before you file the annual return make sure to file all the monthly returns first or quarterly returns if you are registered under the QRMP scheme. This is because the GST annual return is mostly auto populated using data from all the monthly or quarterly returns (as applicable).

Chinese hackers are positioning themselves in U.S. critical infrastructure IT networks for a potential clash with the United States, a top American cybersecurity official said on Friday.

United Parcel Service Inc. will pay $45 million to settle charges that it improperly valued its freight division, the Securities and Exchange Commission announced Friday

Quebec provincial police are asking for the public’s help in locating a man they allege was involved in the high-profile killing case of a cryptocurrency influencer.

For 15 years, former Texas schoolteacher Kayla Morris put every dollar she could save into a home for her growing family.

iPhone 17 Air’s specs, features, and design, with recent leaks providing a glimpse of what could be in store. However, the latest design renders have sparked concerns among Apple fans, who may not be entirely thrilled with what they see.In an early report, The Information highlighted that the iPhone 17 Air might feature a significant shift in camera placement, moving from the traditional left-hand corner to a top-centre position.

Competition Commission of India (CCI) Chairperson Ravneet Kaur on Friday hinted that the fair trade regulator is not likely to take cognizance of media reports on the bribery charge against the Adani group to initiate a probe, claiming that the panel takes steps only after some information is filed before it. Billionaire Gautam Adani has been charged by US prosecutors for allegedly being part of a scheme to pay over USD 250 million (about Rs 2,100 crore) bribe to Indian officials in exchange for favourable terms for solar power contracts. Adani group on Thursday denied the charges of paying bribes to secure favourable terms for solar power contracts, saying the allegations by US prosecutors are baseless and the conglomerate is compliant with all laws. On whether the Adani matter falls under the purview of CCI, Kaur said, «The CCI is governed by the Competition Act… It is meant to promote and sustain competition. If there is any matter which falls in that domain of the Competition Act, then it comes to Competition Commission.»

Pithoragarh district. He directed the officials to expedite the construction works of the medical college in Pithoragarh. The public representatives demanded the CM Dhami to make a shortcut route from the base hospital to the Ulka temple. CM Dhami asked the officials to submit DPR to the state government within 15 days for the same. He also sought information regarding the under-construction parking in the district. He told the officials that all the development works should be completed within stipulated time, besides the construction of multi-level car parking at Jakhani Tiraha.

Siddaramaiah on Friday said the Centre was not taking action to have Adani Group chairman Gautam Adani arrested though an arrest warrant had been issued against him, joining AICC leader Rahul Gandhi in attacking the billionaire industrialist. The CM’s attack followed the US Justice Department charging the billionaire with colluding in a corruption scheme to win solar energy contracts in India. In Andhra Pradesh, chief minister N Chandrababu Naidu struck a cautious note when he informed the assembly that the government would study the charges that were in public domain and act on them. In Karnataka, Siddaramaiah, in a chat with the media in Mysuru, said the Centre must take steps to have Adani arrested, and the high-profile businessman must not be allowed to escape. “The entire country knows who is protecting Adani,” he said, while blaming the media for not highlighting it.

Income Tax Department is actively urging taxpayers to voluntarily declare any missed reporting of foreign assets or income by December 31, 2024, otherwise the consequences can be very serious like Rs 10 lakh fine or even jail in some cases. The income tax department has also revealed that India receives detailed information about financial accounts held by its residents in several foreign jurisdictions so there is no point in hiding wealth abroad. Experts warn that in specified cases like this the tax department may also use the full extent of the law, and this includes imposing the Black Money Act also.

Kitex Garments on Friday announced that it will issue bonus shares to its shareholders in the ratio of 2:1 in its board meeting held today. “It is to inform that the Board of Directors of the Company at its meeting held today, i.e., November 22, 2024, inter-alia, transacted the following items of business amongst other items: Issue of Bonus equity shares in the ratio of 2:1 i.e. 2 (Two) new fully paid equity shares of Rs 1/- each for every 1 (One) existing equity share of ͅRs 1/- each held as on Record date by the shareholder, subject to the approval of shareholders of the Company through Postal Ballot,” said the company in a filing to the exchanges.

Music of the Spheres World Tour 2025 to Mumbai and Ahmedabad this January. As anticipation builds for the band’s long-awaited performances, hotel rates in both cities have surged. In Ahmedabad, one hotel has even threatened to cancel bookings unless guests agree to pay the inflated prices. A guest who had reserved a stay at Itsy Hotels Shree Krishna Palace in Ahmedabad from January 24 to 26 was taken aback when the hotel requested that he pay the increased rates to maintain his reservation. The hotel, eager to host the guest, informed him that he would need to pay an «adjusted rate» exceeding Rs 10,000 due to «market conditions» resulting from the Coldplay concert. “All in for capitalism but asking increased rate for a booked stay. That’s new," wrote Ashish Singh on X (formerly known as Twitter).

Seema Devi and Suman Hooda of the Anti-Human Trafficking Unit (AHTU) in Outer North District in Delhi, located and rescued 104 missing children over the past nine months. Their efforts took them across remote areas in Haryana, Bihar, and Uttar Pradesh, where they faced numerous obstacles, including language barriers, unfamiliar locations, and the challenge of families not having recent photographs of the children. Despite these difficulties, they reunited these children with their families.