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Turno, an electric vehicle distribution and financing startup, has raised $6 million from impact investor British International Investment (BII) and venture capital firms Quona Capital, Stellaris Venture Partners and B Capital. Founded in April 2022 by former Zoomcar C-suite executives Hemanth Aluru and Sudhindra Reddy, the Bengaluru-based startup offers financing solutions to small and mid-size enterprises as well as individuals who plan to buy commercial three-wheeler (3W) electric vehicles.

Ola is migrating its IT workload from Amazon Web Services (AWS) cloud as well, people involved in the process told ET, after having exited Microsoft’s Azure cloud. For Azure, Ola’s departure would mean a daily revenue loss of Rs5-25 lakh. For AWS, this number would range between Rs 30 and Rs 40 lakh, as per some estimates and disclosures by Ola founder Bhavish Aggarwal on X.

fintech startup Vegapay has raised $5.5 million in an equity funding round led by Elevation Capital, with participation from existing investor Eximius Ventures. It had raised $1.1 million in its first institutional funding round in 2023 led by Eximius.

Bitfarms, a global Bitcoin mining company, confirmed on May 28 that it received and rejected an acquisition proposal from Riot Platforms on April 22, 2024.

psychological thrillers, 'Dark Winds' is certainly a must-watch franchise for you and either you have probably watched both the released seasons and waiting for the third, or, planning to watch it, after reading this. AMC's psychological thriller scene has always been on a high and 'Dark Winds' was a notch on their belt as the franchise adapts Tony Hillerman's Leaphorn & Chee novels that revolve around the Navajo County tribal police's adventures.

For years, less than 2% of philanthropic giving in the U.S. has gone to benefit women and girls, but that could change in part thanks to new resources that Melinda French Gates has pledged in recent weeks

Platform for promise Congress' promise of directly crediting ₹8,500 into the accounts of women heads of families belonging to the BPL category under its Mahalakshmi scheme has received mixed response in UP. Those doubting it have just one statement to offer: «it will just be like BJP's promise of transferring ₹15 lakh to the accounts of Indian citizens every year.» But goaded by their wives, some are ready to support the party. «Like we hoped for ₹15 lakh, let us, for a change, hope for this too,» said a voter. ‘Khatakhat’, ‘Fatafat’ Congress leader Rahul Gandhi using the word “khatakhat, khatakhat” to denote how people will receive money in their accounts after INDIA bloc comes to power has caught on among other Congress leaders and Opposition leaders like Tejaswi Yadav who have made it a part of their campaign speeches now. Congress’ Varanasi candidate Ajay Rai recently asked people to vote “khatakhat, khatakhat” for him on June 1 and added if done, he would get their work accomplished “fatafat, fatafat, fatafat”.

Reserve Bank of India (RBI) has imposed stiff business curbs on two Edelweiss Group entities — ECL Finance (ECL) and Edelweiss Asset Reconstruction (EARCL) — for what it described as 'material' transgressions that allegedly involved 'evergreening of stressed assets'. The regulator has asked EARCL to stop acquiring financial assets, including security receipts (SRs), and to stop reorganising existing SRs into different tranches. In the case of ECL Finance, the RBI has asked the company to immediately stop all structured transactions related to its wholesale exposures, except for account repayments or closures in the normal course of business.

T. Rowe Price, the investment management and retirement industry giant, has announced a new partnership with Ascensus, aimed at improving the 529 education savings experience for account holders.

LPL is extending its footprint in the Southwest as it welcomes a San Diego, California-based advisor team.

GSM Foils IPO Allotment Update: After receiving a stellar response from investors during the bidding period from May 24 to May 28, attention now turns to the allotment procedure for the GSM Foils IPO.The allotment for the GSM Foils IPO is expected to be finalised today. Investors can monitor their allotment status through the registrar, Bigshare Services Pvt.

Call of Duty Black Ops 6" is growing day by day and Microsoft has confirmed that the video game will be available on Xbox Game Pass during the launch date itself. On June 9, Microsoft will offer more details on Call of Duty Black Ops 6 video game. However, the development that the upcoming video game will be available on Game Pass from day one.

summer heat, rising absenteeism and loss of productivity has led to an all-time high demand for last-mile delivery and warehouse personnel to fill in for the daily attrition, said officials from staffing firms and logistics companies. About 2,000 delivery personnel are dropping off every day in quick commerce and 5,000 in food delivery, according to estimates by Teamlease Services. “A total of about 7,000 people – for quick commerce and food delivery — are needed for replacement hiring daily,” said Balasubramanian A, vice president and head of consumer and ecommerce at TeamLease. This is much higher than the daily exit of about 5,000 seen last year this time to cater to the typical summer season shortfall when many migrant labourers leave for their hometowns.

Reliance Industries’ retail arm, Reliance Retail will not compete with Blinkit and Zepto with a 10-minute delivery model for its proposed re-entry into quick commerce venture next month. Instead the country’s largest retailer is planning a 30-minute delivery model with a wider assortment than existing quick commerce companies which will be fed by Reliance’s own stores and the almost 20 lakh kiranas who source products from the company, said two executives aware of the plans. The kiranas are part of the JioMart Partner initiative whereby they source products from Reliance Retail’s wholesale arm and have their backend connected. The company will be utilizing tech platforms such as FYND and Locus for the fulfilment process and optimise delivery routes to ensure orders reach within 30 minutes, considering Reliance is not setting up dark stores like other quick commerce operators who have such warehouses in each locality for under-ten-minute delivery, they said.

Puneet Kumar, founder and former chief executive of morning grocery delivery service Supr Daily, has joined Nexus Venture Partners, which has backed the likes of Zepto, Unacademy and Postman. “Excited to join @NexusVP as a Venture Partner and pay it forward to the startup ecosystem,” Kumar wrote in a post on microblogging platform X.

Stratos Wealth Advisors has extended its reach in Ohio with a veteran-led wealth planning practice.

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Reserve Bank of India barred Edelweiss Asset Reconstruction Company Limited (EARCL) from acquiring financial assets based on material concerns during a supervisiory examination, the central bank said on Thursday. RBI also directed ECL Finance to stop undertaking structured transactions with respect to its wholesale exposures. This excludes repayment and closure of accounts in the normal course of business. «The Reserve Bank of India has directed EARCL to cease and desist from acquisition of financial assets including security receipts (SRs) and reorganising the existing SRs into senior and subordinate tranches,» the statement read.

Also Read: Unemployment rate in India doubles among educated youth: Former CEA Kaushik Basu says, ‘Change is coming’Dr Basu took to microblogging platform ‘X’ and said, ‘’Latest data from India’s CMIE shows India’s youth unemployment rate has reached the alarming level of 45.4 per cent—among the highest in the world. This is doing deep damage. For the sake of the country we must not hide behind slogans, must put politics aside & take corrective measures.''The ex-CEA, who now teaches economics at Cornell University, stated that the rising unemployment is doing ‘’deep damage''.

ALSO READ: IRS officer arrested after woman's body found hanging at his Noida flatThe incident occurred around 11:08 pm on Monday at the Raja Ki Mandi railway station in Agra.Before the incident, Rani had a heated argument with her live-in partner, Kishore.Both partners argued over Kishore’s drinking habits, and as the verbal fight escalated, Rani threatened to commit suicide by jumping in front of a train. During the argument, Rani led Kishore to Raja Ki Mandi railway station, where they both sat on chairs at platform No 2.Later, in a dramatic turn of events, the woman jumped on the railway tracks and threatened to commit suicide.ALSO READ: Karnataka: Horrific stabbing in Hubbali after woman rejects advancesShe did not see the Kerala Express train coming on the tracks in time and, while trying to climb back onto the platform, got stuck between the train and the platform.Railway Police Force (RPF) personnel immediately swung into action, pulled Rani out from under the train, and rushed her to SN Medical College, where she succumbed to her injuries during the treatment.Her body had been sent for a post-mortem.Rani was in a relationship with Kishore for more than a year.According to an India Today report, Inspector Samar Bahadur, in charge of the GRP Cantonment, said that Kishore told them that Rani had a troubled past, including the death of her ex-husband due to his excessive drinking habits.

Jakson Green, a new energy transition platform backed by Jakson Group, on Wednesday said it has secured Rs 60 crore funding from HSBC India. This funding will support the company's working capital requirements for its renewable energy business, both in India and internationally, a company statement said. The Jakson Green is actively expanding its global reach in Middle East, Africa, (Commonwealth of Independent States) CIS countries and Europe, it added. This sustainable trade facility from HSBC India underscores Jakson Green's unwavering commitment to ESG responsibilities and its leadership in promoting a sustainable and inclusive future.