Matrix Financial News

One of the two non-seed stage deals was Credgenics’ Series B raise of $50 million, which formed a bulk 82% of overall funding tally. The other deal was Stable Money’s Series A raise of $5 million.

benchmarks, including those for government bond valuation. The framework will cover the administration of all benchmarks related to foreign exchange, interest rates, money markets and government securities, the RBI said in its statement on developmental and regulatory policies.

Kangana Ranaut to file reply to veteran poet-lyricist Javed Akhtar's application challenging the summons issued to him by a magistrate's court in a case filed by her. Additional sessions judge (Dindoshi court) AZ Khan, presiding over the case related to alleged criminal intimidation, issued a notice to Ranaut seeking her reply and adjourned the matter to August 24.

Concord Biotech launched its IPO Friday, joining the ranks of the late billionaire's other private investment portfolio companies such as Star Health, Metro Brands and Nazara Technologies that have gone public in the past couple of years. The ace investor often called India's Warren Buffet, first invested in Concord in 2004 and later helped the company's founder in buying back the company from pharma major Mylan in 2009.

Emtech Solutions has raised $4 million as a part of a fresh funding round led by Matrix Partners India. The round also saw participation by global investors, including BTN, VestedWorld, Equity Alliance and Lofty Inc. The US-based company said it would use the fresh funds to continue developing its products and infrastructure stack.

Davidson Kempner (DK) has started reconstituting the board of Aakash Educational Services Ltd (AESL) in an effort to turn around and improve the governance of the crown jewel of cash-strapped Byju’s, regarded as India’s most valued edtech company. The hedge fund is inducting at least four new independent and nominee directors in the test-prep subsidiary of Byju’s parent Think & Learn, said people in the know. The new board is expected to take charge within a fortnight.

PTI, he emphasised India's position being “right at the top" of the company's country matrix. Infinix, which operates in the sub- ₹15,000 segment, introduced gaming smartphones in the mid-premium segment at a price of ₹17,999 in India. “There is a noticeable absence of distinct offerings in terms of both design, innovation, and seamless experience in the smartphone gaming arena.

electric vehicle maker's total commitment to 10 years. The Hindustan Times report while quoting documents shared by real estate analytics firm CRE Matrix notes that Tesla will pay a monthly rent of ₹11.65 lakh along with a security deposit of ₹34.95 lakh in order to lease the space for a 60-month period.

Javed Akhtar has approached a sessions court here against summons issued against him by a magistrate in a case filed by actor Kangana Ranaut, and claimed the order was passed in a hasty and inappropriate manner resulting in «grave miscarriage of justice». Akhtar has moved a revision petition before the sessions court in suburban Dindoshi and the matter will be heard on August 8.

Sandra Bullock and Keanu Reeves dating rumours garnered significant attention, especially after their appearance together in the movie 'Speed.' Their on-screen chemistry was undeniable, and their collaboration was a remarkable sight to witness. Both actors have individually achieved great success in their careers, contributing to the buzz surrounding their pairing. Sandra Bullock and Keanu Reeves are celebrated for their roles in iconic films, and their stardom in Hollywood is undeniable. They have established themselves as mega stars with impressive filmographies. It is worth noting that neither actor has received widespread dislike, indicating their positive reputation in the industry. Their careers have been built on a solid foundation of talent and dedication, which is commendable. Both actors have made significant contributions to the film industry, leaving a lasting impact on audiences worldwide. Their success and the quality of their work have been recognized by fans and critics alike.

Together Fund, an early-stage venture capital firm focused on software-as-a-service (SaaS) companies, has made the first close of its second fund that has a corpus of $150 million. The proceeds of the fund will be used to make early stage investment in SaaS and artificial intelligence (AI) startups, the VC firm said on Thursday, adding the fund has already received commitments from institutional investors from the US and Asia. The firm didn’t say how much it raised in the fund’s first close.

New Delhi: Despite frequent disruptions, the union government has lined up 31 bills to be passed in the monsoon session, including two key ones that deal with forests and biodiversity. While the Lok Sabha passed the Biological Diversity (Amendment) Bill, 2023 with a voice vote on Tuesday; environment minister Bhupendra Yadav is scheduled to move the Forest (Conservation) Amendment Bill, 2023, which amends the Forest (Conservation) Act, 1980 in the Lok Sabha today. Mint takes a closer look at these two key pieces of legislation.

8th Pay Commission News: The Dearness Allowance (DA) rate for Central Government Employees is expected to cross 50% or even more by January 2024. The rate of DA is currently decided by the recommendation of the 7th Pay Commission. The previous pay commission had also recommended that future pay revision should be done when DA/DR reaches 50% or more than the basic pay to neutralize the impact of inflation. In view of this, is the Government planning to constitute the 8th Pay Commission?

New Delhi: Astus Limited, a media trading company, has set up an independent office in India which will be headed by Sparsh Ganguli, who was the former business head for Matrix Publicities and Media India Pvt Ltd. He has also worked for other agencies and media houses like Star, Sony, BAG Films.

K Raheja Corp has acquired a 3.72-acre land parcel on LBS Marg in Mumbai’s central suburb Mulund for Rs 130 crore. The company is planning to develop a premium residential project on the said parcel. K Raheja Corp has paid stamp duty of Rs 7.80 crore for the registration of the deal that took place on June 16.

Indian market. Starting at ₹1.36 crore and ₹1.41 crore respectively (ex-showroom, India), the new Cayenne SUV and Cayenne Coupe offer refreshed features and enhancements.  These models were launched globally earlier this year, and interested buyers in India have had the opportunity to place their orders since April. The deliveries are set to begin shortly.

online gaming sector are planning to come together and write to the government, raising concerns about the decision to levy 28% GST on the full face value of the bets for real money online games, people aware of the discussions said. These investors are likely to caution the government that this steep tax could make the industry unviable, while disproportionately hurting small startups, one of the people briefed on the matter told ET.

New Delhi: The NITI Aayog on Tuesday introduced the Techno-Commercial Readiness and Market Maturity Matrix (TCRM Matrix) framework, aiming to revolutionize technology assessment and fuel innovation and entrepreneurship in the country. The release of the TCRM Matrix framework under the NITI Working Paper series offers valuable insights and practical intelligence to stakeholders involved in the technology development cycle.  The Working Paper casts light on the historical evolution of technology assessment frameworks, including the Technology Readiness Level (TRL), Commercialization Readiness Level (CRL), and Market Readiness Level (MRL) scales.  “By building upon these frameworks‘ core principles, the TCRM Matrix framework presents an integrated assessment model that offers in-depth insights and actionable intelligence to stakeholders at every stage of the technology development cycle," the NITI Aayog said in a statement.

The NITI Aayog, on Tuesday, released the Techno-Commercial Readiness and Market Maturity Matrix (TCRM Matrix) framework, an assessment tool that will allow stakeholders to jointly assess projects at the technology readiness level (TRL), commercialization readiness level (CRL), and market readiness level (MRL) scales. The framework is expected to help the government prioritize funding, setting regulations, mitigate risks and enhance public-private partnership.

small and medium enterprises (SMEs). The gas aggregator plans to use the proceeds from the issue primarily towards meeting the working capital requirements for sourcing natural gas, RLNG (regasified liquefied natural gas), and importing LNG (liquefied natural gas) cargoes.

A post shared by Priyanka (@priyankachopra) Notable actors, including Emily Blunt, Rami Malek and Matt Damon, have made a powerful statement by walking out of the premiere of their upcoming film Oppenheimer in London.  The Hollywood labour battle has taken a significant turn as actors and writers join forces, marking the largest industry strike in over six decades. This joint effort poses a significant threat to the media sector, potentially grinding it to a standstill.