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23.08 / 04:25

markets IPO security Food wellness reports Swiggy investor 360 One pins $11.5 billion value on IPO-bound company

Swiggy investor 360 One WAM, formerly IIFL Wealth Management, valued the IPO-bound food- and grocery-delivery firm at $11.5 billion as of June, according to an investor presentation seen by ET. Swiggy recorded Rs 7,474 crore in revenue in the first half of fiscal 2024, 360 One said in the presentation made to its clients. This translates into Rs 14,947 crore on an annualised basis for the year through March. Food delivery sees cyclical changes in orders. So the final figure may differ and will only be known when Swiggy — which has confidentially filed for an IPO — discloses its financial results for the year.

23.08 / 03:57

Provident Man security information reports prevention Russia’s FSB Charges Scientist with Treason for ‘Sending Crypto to Ukraine’

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

23.08 / 03:54

UPS Man Aviat Airlines Death reports Investigations Italian aviation authorities investigate after turbulence injures two easyJet flight attendants

Italian authorities have launched an investigation after two easyJet flight attendants were injured when their flight from Corfu to London’s Gatwick Airport was buffeted by turbulence earlier this week

23.08 / 03:54

Waters Align Universities show country reports testing Maize a good candidate to replace paddy and wheat in Punjab: Ramesh Chand

Mint event, Chand said the government's policy think tank is working on a plan to identify certain high-value crops as replacements for paddy in Punjab, aiming to protect the environment while ensuring that farmers' incomes are not impacted. Rice cultivation is a major contributor to greenhouse gas emissions, particularly methane. Indian paddy fields emit about 3.3 million tonnes of methane annually, which accounts for around 10% of the country's total methane emissions.

23.08 / 03:44

markets UPS DOW Manufacturing economy NVIDIA reports Stock market today: Wall Street weakens ahead of a highly anticipated speech

U.S. stocks closed lower as Wall Street counted down to its main event for the week, a speech by Federal Reserve Chair Jerome Powell coming up on Friday

23.08 / 03:35

markets Manufacturing Nikkei Trade electronic reports Pharmaceuticals Japan's Nikkei inches higher amid weaker yen, pharma extends rally

Japan's Nikkei share average rose in early trade on Friday, with pharma shares rallying for a second session, although gains were limited as tech stocks followed their U.S. peers lower. Japanese exporter-heavy equity markets also got some broad support from a weaker yen versus the dollar. However, the outlook for the currency pair looks murky, with investors watching Bank of Japan Governor Kazuo Ueda's testimony in parliament after last month's surprise rate hike.

23.08 / 03:29

markets UPS CEO Platform wellness War reports Baidu touts AI edge as ad revenue stalls

Baidu said its leading position in AI in China means it is well positioned to navigate an increasingly competitive market despite reporting a decline in quarterly revenue. The comment came amid an AI price war in China, where companies have slashed prices of large language models used to power generative AI products. «Competition will be fierce over the next 2 to 3 years.» Baidu CEO Robin Li said in an earnings call following the company's Q2 release.

23.08 / 03:21

Manufacturing Southern Death hospital reports Investigations Pharmaceuticals Explosion and fire at a pharmaceutical plant in India kill at least 18 workers

An explosion triggered a fire at a pharmaceutical plant in southern India, killing at least 18 workers

23.08 / 03:20

COST UPS Waves Extreme community reports Blackouts in extreme weather drive demand for cleaner backup power

In many communities people turn to diesel or gasoline generators for temporary power when extreme weather brings power outages

23.08 / 03:16

Reuters Remark Election President reports peace PBS' Judy Woodruff apologizes for an on-air remark about peace talks in Israel

Veteran PBS journalist Judy Woodruff has apologized for remarks she had made regarding former President Donald Trump and negotiations for peace between Israel and Hamas in Gaza

23.08 / 03:13

Software Highways performer reports Traffic Updates Investigations US closes one of 2 probes into behavior of General Motors' Cruise autonomous vehicles after recall

U.S. auto safety regulators have closed one of two investigations into the performance of General Motors’ Cruise autonomous vehicles after the company agreed to do a recall

23.08 / 03:11

Align Election Death wellness track 2020 reports USPS proposes changes to save $3 billion per year, starting in 2025

The U.S. Postal Service hopes to save $3 billion a year through a series of changes reflecting greater reliance on streamlined regional networks

23.08 / 03:01

markets UPS Strategy Enterprise Research reports International Adani family plans to raise $3.6 bn via promoter share sales

₹30,000 crore." The value of the family’s holdings in group listed companies is more than ₹10 trillion (about $126 billion), the person said. The immediate plan is to sell stake worth ₹3,000-4000 crore in Ambuja Cements Ltd, in which the promoters hold 70.3%. Rajiv Jain-led US-based boutique investment firm GQG Partners LLC and at least four other entities, including three large bank-promoted firms, are likely to buy the stake soon in a private placement, the person added.

23.08 / 02:59

COST UPS Booking pandemic reports Germany's Scholz pledges that his government will help rescue a troubled cruise ship maker

Chancellor Olaf Scholz has pledged that his government will help rescue a major German shipyard that has solid orders for new cruise ships but has run into financial difficulty

23.08 / 02:48

markets COST Fighting economy President reports Department US applications for unemployment benefits rise, still at historically healthy levels

The number of Americans filing for unemployment benefits rose modestly last week, but remains at healthy levels Jobless claims rose by 4,000 to 232,000 for the week of Aug. 17, the Labor Department reported Thursday

23.08 / 02:45

markets UPS FIVE show reports Investigations The week in charts: Rupee, Q1 earnings, Mpox scare

Mint in the week gone by. The Indian rupee is showing signs of weakness mainly due to demand for the dollar by importers, while India Inc’s profits grew at the slowest pace in five quarters. The Indian rupee has been on a downward trend, sparking concerns as it slipped to ₹83.9550 against the US dollar by 2 pm on Thursday, down from ₹83.7794 the previous day, according to Yahoo Finance.

23.08 / 02:34

UPS Target DOW reports Discrimination How major US stock indexes fared Wednesday, 8/21/2024

U.S. stocks closed higher after more big companies delivered profit reports that topped analysts’ expectations

23.08 / 02:21

markets UPS IPO Provident FIVE Healthcare reports Indian companies junk private deals, take the IPO route for higher valuations

Mint. For instance, investors in companies such as Lighthouse Learnings and Piramal Glass have discarded their stake sale plans due to valuation mismatches in the private markets, two people with direct knowledge of the matter said. KKR-backed Lighthouse Learnings (formerly EuroKids) earlier this year appointed investment banks JP Morgan and Avendus to look for a buyer for its 94% stake in the education company it acquired in 2019.

23.08 / 02:18

Enterprise awards Research community information reports Investigations Billions in federal contracts awarded to ‘Indigenous’ enterprises without verification

The Canadian government awarded billions of dollars in contracts earmarked for Indigenous enterprises without always requiring bidders to prove that they were First Nations, Métis, or Inuit, a Global News investigation has found.

23.08 / 02:08

Corona Virus outbreak reports travelers symptoms Mpox outbreak raises alarm, is it deadly like Corona, will there be a Covid-like lockdown?

virus is slowly increasing its count across the world, and has already reached where it should not be, crucial parts of South Asia and the Indian Subcontinent, which is one of the most densely populated regions in the entire world, with cases already having been reported in Pakistan and India, with the origins of the same coming in from the Middle Eastern regions.

23.08 / 01:50

JPMorgan Action security reports guidelines Barclays hammered with $1.25M fine over fingerprinting lapses

Finra has censured and fined Barclays Capital more than a million dollars for reported longstanding lapses in fingerprinting and background screening procedures for non-registered employees.

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