Innovations Financial News

NBFCs), BlackSoil Capital, an alternative credit provider, and Caspian Impact Investments (Debt), an impact investment lender, on Thursday announced that they have received unanimous approval from their respective Boards of Directors to merge through a share swap. This decision paves the way for creating a combined entity uniquely positioned to deliver value to various stakeholders such as clients, shareholders, lenders, investors and employees and boost operational efficiencies. After the merger is complete and regulatory approvals are received, Caspian Debt will be fully integrated into BlackSoil. This strategic amalgamation will position BlackSoil, the combined entity, as one of the largest players in the alternative credit segment it operates in.

Vedanta Limited on Wednesday said its display glass business is expected to grow 10-fold, following the consolidation of its holding in AvanStrate Inc. Vedanta Ltd, in May this year, announced the acquisition of an additional 46.57 per cent stake in AvanStrate Inc, taking its total holding in the Japanese display glass manufacturer to about 98 per cent. ASI is now fully managed and controlled by Vedanta Limited and free from any external debt, according to a release. «Vedanta Limited announced that the display glass business is set to grow 10x after consolidating its holding in AvanStrate Inc. (ASI), a Japanese display glass manufacturer, to 98 per cent, following the acquisition of 46.57 per cent equity from Hoya Corporation,» the release said.

RecommerceX, a chemical recycling and sustainability startup, has raised $3.6 million in a funding round led by venture capital firm Accel and Kae Capital. The funds will be used for expanding the team, developing its technology platform, investing in R&D for advanced material recovery, and scaling business operations in India and other international markets. According to founder and chief executive Shobhit Goel, this space is highly unorganised, with no major players managing these categories.

Karnataka wants to create 4-5 more regions like Bengaluru, India's Silicon Valley, in the state, minister for electronics and information technology and biotechnology Priyank Kharge said. Speaking at an event organised by IT industry body Nasscom, Kharge said he wants to position Karnataka not just as an investment destination, but also a space for knowledge and skills. In a fireside chat with Nasscom president Debjani Ghosh at its Design and Engineering Summit 2024 on Wednesday, Kharge said this will bring in more innovation in the country and in the next 4-5 years, Karnataka will not just be innovating for India but for the world. In a recent post on microblogging portal X, Kharge said Karnataka is the fourth largest technology cluster in the world and the leader in the country in many verticals. The southern state has over one-third of India’s tech talent and close to 25,000 startups, 52 unicorns (startups with valuation of $1 billion or more) and 47 soon to be unicorns.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

About 1,000 workers at a General Motors joint venture electric vehicle battery plant in Spring Hill, Tennessee, will get big pay raises now that they have joined the United Auto Workers union

ISRO chairman S Somanath will launch a private-sector cybersecurity R&D centre near Bengaluru international airport. The lab is being built by global forensics-driven cyber security solutions company SISA. The project "Cyber Nalanda" is a step towards revolutionizing cybersecurity with the laying of the foundation stone for a state-of-the-art R&D center in India. «This initiative is more than just a technological investment; it’s a commitment to securing the future of digital space, globally,» the company said.

touchscreen MacBook began with a patent application in 2021, which included references to such technology. This was followed by another filing in 2023.

Online brokerage platform Robinhood on Wednesday launched a share lending program in the U.K. that would allow consumers there to earn passive income on stocks they own, in the company's latest bid to grow market share abroad.

B2BROKER, a developer of the advanced copy trading platform B2COPY, has recently integrated its B2COPY platform with Spotware’s cTrader, the premium and first Open Trading Platform™. This integration enables cTrader’s brokers and traders to leverage both the platform’s and B2COPY’s innovative features for an elevated and more effective copy trading experience.

India is leading in technology advancements for the first time, rather than just playing catch-up, said a top executive from American chip major Nvidia on Wednesday. «Why India now? What is it for India now? Will India really succeed? I strongly believe India will succeed. For the simple reason that, for the first time in technology advancements, we're not following; we're leading. We're not just creating; we're innovating on top of it. We are the cradle in which AI will be applied,» said Vishal Dhupar, managing director of Nvidia South Asia. He was speaking at the India Innovation Summit, the flagship national event of the Confederation of Indian Industry (CII), held annually in Bengaluru.

reading glasses. Mumbai-based Entod Pharmaceuticals announced the final approval for PresVu eye drops, with plans to launch the product in the domestic market in the first week of October.

₹21,999 for the entry-level variant, which includes 8GB of RAM and 128GB of internal storage. For those requiring more space, the higher-end model, featuring 8GB of RAM and 256GB of storage, is available at ₹23,999.

As market dynamics shift in the crypto landscape, a notable PEPE meme coin whale has made headlines with a bold $1.34 million reinvestment, signaling renewed confidence in the market. Amid this volatility, DigiHorse (DIGI) continues to gain momentum, attracting investors looking for innovative opportunities in blockchain gaming.

Amid growing concerns about potential downturns for major cryptocurrencies like Solana (SOL) and Ethereum (ETH), investors are increasingly turning to DigiHorse (DIGI) as a safer and more promising alternative.

Nitin Gadkari said. Speaking at the second edition of Tunnelling India conference by the Federation of Indian Chamber of Commerce and Industry (Ficci) on Tuesday, Gadkari underlined technology upgradation and cost-effective solutions to tackle the unique challenges of India’s diverse terrain while maintaining high-quality standards. “We need to find out exactly which is the best technology that is cost-effective without compromising on quality,” he said, suggesting the need for adopting global best practices in infrastructure development.

In her new appointment, Chambers will bring insights to 7IM's plans to continue the development of its platform. The firm said the new appointment forms part of its growth plans and innovation of its platform technology following major investment into the business by Ontario Teachers' Pension Plan earlier this year. Caledonia Investments to sell 7IM stake to Canadian pension for £255m Chambers' current board positions include non-executive director and remuneration committee chair at both Wise and TSB Bank in the UK. She is also an adviser and investor director for several Fintech ...

Market Pumping, Next Moonshots Are Ready For Take-Off. Who Are they?

iPhone 16.

Modi on Monday shared a nostalgic reflection on the BJP’s rise from its humble origins at the launch of the BJP's 'Sadasyata Abhiyan' 2024 in Delhi. Speaking with deep emotion, Modi reminisced about the early days of the Bharatiya Jana Sangh and the relentless spirit of its workers. “When I was not in politics, at the time of Jana Sangh, our workers used to paint 'diya' (symbol of Jana Sangh) on walls with enthusiasm,” Modi recounted. “Leaders of several political parties used to mock us, saying that one cannot reach the corridors of power by painting 'diyas' on walls. We are those who painted 'lotus' on walls with such confidence that we knew, one day the 'lotus' painted on walls would be painted on the hearts of the people.” Modi highlighted the scorn faced by the party during its early years. “Some people have been making fun of us. When we had just two members in Parliament, we were mocked. Some people's character is such that they believe belittling others makes them appear significant,” PM Modi said.

Tolins Tyres will open for subscription on September 9. The issue will be available for investors to bid till September 11. The offer comprises a fresh equity sale of Rs 200 crore and an offer for sale (OFS) of Rs 30 crore. Under the OFS, promoters Kalamparambil Varkey Tolin and Jerin Tolin will offload part stakes in the company.