Landmark Financial News

Venture capital firm Headline used to be in one of San Francisco's most eye-catching skyscrapers: the pyramidal Transamerica building that has defined the skyline for decades. Employees enjoyed the views from the 43rd floor and the convenience of being downtown. Then came the pandemic.

Major League Cricket (MLC), the recently established professional cricket league in the United States, marked its official inauguration by participating in the ceremonial ringing of the closing bell at the New York Stock Exchange (NYSE) on Thursday, July 6. This event signified the growing prominence and appeal of the sport in the United States, as it introduced top-tier T20 cricket to American audiences through a domestic league for the very first time.

Arokiaswamy Velumani — the founder of diagnostic chain Thyrocare, which was acquired by PharmEasy in 2021 — had secured anti-dilution rights ahead of his investment of Rs 1,500 crore in the online pharmacy, people aware of the investment terms said. This will ensure he is allotted new shares to compensate for the massive erosion in the current value of his holding in the company, they added, as PharmEasy looks to raise fresh capital through a rights issue at a 90% discount to its peak valuation, as reported by ET first on Wednesday.

equality and social justice, the Assembly Judiciary Committee of California recently conducted a hearing for Senate Bill 403 (SB403), which aims to prohibit caste discrimination, according to a report published by ABC10.  If passed, California would become the first state in the United States to explicitly ban caste-based discrimination by including caste as a protected category under the state's Unruh Civil Rights Act, as well as fair housing and employment laws. The bill has been passed by the Assembly Judiciary Committee, and now it will move to the Appropriations Committee.

Marking a significant milestone in educational diplomacy, the first-ever campus of the Indian Institute of Technology (IIT) outside India is set to be established in Zanzibar, Tanzania.

Google said CCI officers had ‘copypasted’ parts of a European ruling against the it in a similar case, which CCI denied. In October, CCI slapped a fine of $163 million on Google. In its order CCI had said that modified versions of its Android operating system, called Android forks, to be liberally distributed without any licensing restrictions such as those related to pre-installation of Google apps.

Google has accused the Competition Commission of India (CCI) of ordering changes to its business model «only to protect» rival Amazon, which complained about its struggles to develop a modified Android system version due to Google's restrictions, legal papers show. Google has approached the Supreme Court to quash CCI's October order asking the company to make 10 changes to its business model after the CCI found it abused its dominant position in the market with its Android operating system, which powers 97% of India's smartphones.

Former Australian captain Ricky Ponting, speaking with Nasser Hussain for the Daily Mail, hailed Smith's exceptional batting prowess and ranked him as the second-greatest batsman in Australian cricket history after the legendary Don Bradman. Reflecting on Smith's accomplishments, Ponting praised his rapid rise to success, noting his swift journey to becoming the second-fastest player to reach 9,000 Test runs. Steve Smith is set to achieve a momentous milestone as he gears up to play his 100th Test match.

₹167 crore for the distribution of bicycles among 3.78 lakh students of Class 9, studying in government and provincialised schools, news agency PTI reported quoting Tourism Minister Jayanta Malla Barua. The cut-off marks of higher secondary examinations for both girls and boys will be 75% and above from the next year, Barua said.

Football League Club- Men's side. The Forest League Club appointed Dingley to manage the club after her exit from Duncan Ferguson. The former striker left his post as head coach after failing to keep Forest Green in League One in the previous season. Dingley's first match in charge will be at Melksham Town on Wednesday. She had joined the club back in 2019. Dingley holds a Uefa Pro Licence. Dingley had been working for Burton Albion earlier. Forest Green's Chairman Dale Vince said Hannah Dingley was naturally chosen as the manager of the English Football Club. Although the move is temporary, Hannah Dingley's appointment as the manager of the Men's side of the club has made a landmark move in the history of English Football. " I am very excited for this next step of my career. Pre-season has just begun and the full season kicks off very soon. It's an exciting time in Football. I am grateful for this opportunity to step up and lead such a progressive and forward-thinking club", says Dingley. Forest Green will be playing their season in England's fourth tier in August at home in Salford.

The narrative surrounding sustainable cities has expanded to encompass the multifaceted responsibilities of developers. In addition to focusing on sustainability, developers also play a crucial role in creating homes that promote wellbeing, incorporating cutting-edge technology, and prioritizing the needs of users. Developers today, through innovative approaches and technologies, shape urban landscapes to foster eco-friendly structures while considering the unique challenges faced by different cities.

Big Tech, the European Commission on Tuesday announced new rules to help watchdogs work on cross-border cases at a faster clip. Critics say investigations take too long and fines are too low to deter privacy breaches by Big Tech companies, undermining the goal of landmark EU rules known as the General Data Protection Regulation which came into force in 2018.

Buy or sell stocks for today: Indian stock market extended its rally for fourth straight session on Monday. All three key benchmark indices — Nifty, Sensex and Bank Nifty climbed to a new peak. NSE Nifty hit a new peak of 19,345 while BSE Sensex climbed to a new life-time high of 65,300 levels.

Incred Financial Services (Incred Finance), a retail focused NBFC set up by former senior Deutsche Bank executive Bhupinder Singh, has hit the fundraising street targeting to raise as much as $125-150 million at a valuation of up to $1.5 billion (approximately ₹12,000 crore), said two sources aware of the development. Incred is looking at diluting around 10% stake in this round, the sources added. The funds raised will be used to grow the NBFC's loan book.

CAGR) of 10 per cent, according to Tata group firm Voltas. The company expects to be at the forefront of this growth. Voltas, an industry leader in the segment with a market share of 21.6 per cent in FY23, remains «very optimistic» about the room air conditioner business and is investing in augmenting its capacity, the company said in its latest annual report.

CAIT on Saturday called for a fresh review of GST and said a special task force should be constituted to suggest ways to reduce multiplicity of laws and regulations on traders under the indirect tax system. The Confederation of All India Traders (CAIT) described the completion of six years of implementation of GST in the country as a landmark success.

Shipping’s global regulator is closing in on a new target of net zero emissions by 2050, inching the industry closer to alignment with the Paris Agreement on climate. The plan — set out in a draft seen by Bloomberg News — is not yet finalised, with talks at the London-based International Maritime Organisation continuing into next week. If adopted, the mid-century target, which would be non-binding, could align the industry with the landmark 2015 Paris Agreement.

Same-sex marriage refers to the legally and socially recognized union between two individuals of the same sex. Since the landmark decision by the Netherlands in 2001, numerous jurisdictions worldwide have granted legal recognition to same-sex marriages. Currently, as of 2023, approximately 30 countries, along with certain states and territories within the United States, have legalized same-sex marriage.

Riot Platforms, Inc. (NASDAQ: RIOT), a prominent player in the Bitcoin mining and data center hosting industry, has made a groundbreaking move by entering into a long-term purchase agreement with MicroBT Electronics Technology Co., LTD. This landmark deal involves the acquisition of 33,280 state-of-the-art Bitcoin miners manufactured in the United States by MicroBT. The agreement also includes an option for Riot to purchase an additional 66,560 miners on the same terms.

In May 2023, the European Union signed its landmark Markets in Crypto-Assets legislation into law. Crypto businesses operating in the EU now have a fixed timeline to comply with MiCA’s wide-ranging guidance and regulations, which address everything from defining a crypto asset to establishing reserve requirements for stablecoins.

Credit Suisse’s relationship with family office Archegos Capital is set to hit UBS following investigations by UK, Swiss and US regulators.