Schools Financial News

A new study by the United Nations children’s agency says developing resilient energy systems to power health facilities in Pakistan could avert over 175,000 deaths by 2030

Electric scooter maker Ather Energy has raised Rs 286 crore ($34 million) from its founders and Stride Ventures in a mix of debt and equity funding. Ather’s cofounders Tarun Mehta and Swapnil Jain invested Rs 86 crore in the firm through series F compulsorily convertible preference shares, while debt fund Stride Ventures invested Rs 200 crore through series C3 debentures, documents filed by Ather with the Registrar of Companies showed.

Top news of the day: On 31 May, a series of events are set to take place right from politics to business. Indian economy expanded at a blistering 7.8% in the three months through March. Prajwal Revanna, the suspended JD(S) leader and Bengaluru's Hassan MP, was remanded to six-day police custody in connection with allegations of sexually abusing several women.The Indian economy expanded at a blistering 7.8% in the three months through March, surpassing expectations and pushing up growth for the fiscal year 2024 to 8.2%, according to official data released on Friday.

The Supreme Court has cleared the way for a National Rifle Association lawsuit against an ex-New York state official over claims she pressured companies to blacklist it following the 2018 Parkland, Florida, school shooting

Oxyzo Financial Services, the lending arm of B2B commerce unicorn OfBusiness, has reported Rs 903 crore in operating revenue for FY24, up 59% from Rs 569 crore a year ago. The Gurugram-based company’s net profit rose 47% to Rs 290 crore, from Rs 197 crore in FY23.

Also Read: Bomb threats in India: Alarming rise in May 2024; all you need to knowHowever, the threat turned out to be a hoax. All the passengers were safely de-boarded after the plane landed.An airport official confirmed on the phone that the threat was deemed non-credible and normal operations resumed, reported ANI, quoting Srinagar Airport Authorities.After an exhaustive search, no explosives were found on the plane, PTI quoted officials as saying.Also Read: Hyderabad's Praja Bhavan receives bomb threatHowever, the source of the threat is yet to be known.

GetVantage, an alternative-financing firm, said it invested in about 750 companies during FY24 mostly in consumer brands, which needed working capital without equity dilution amid funding winter. These include companies such as Zappfresh, Rage Coffee, WickedGud, KC Roasters and Proost among others. GetVantage saw a 71% repeat rate, offering founders flexibility in fundraising and repayments without equity dilution, it said.

TCS is involved in more than 100 Gen AI projects across the companies within Tata Group, Tata Consultancy Services’ chairman, N Chandrasekaran said during his address to shareholders at the annual general meeting on Friday. “All these projects are demonstrating very tangible business impact in terms of greater customer experience, productivity and efficiency. In e-commerce, Gen AI is being used to generate product catalogues, deliver conversational shopping experience, and provide personalised offers. In manufacturing, Gen AI is enabling shop floor workers to troubleshoot complex equipments by asking questions in their native languages, thereby making the availability of the infrastructure very high and improving productivity,” Chandrasekaran said.

payments major Stripe has moved to an ‘invite only’ mode in India, meaning merchants will not be able to join the payment aggregator by themselves. They will need to request for an invite from Stripe’s India team and wait for approval. In a post published on its website, Stripe said it will only be able to support more Indian merchants by the second half of 2025. The company did not provide any explanation for the same.

Infra.Market on Friday said it has sold a minority stake in its subsidiary RDC Concrete for $20 million (about Rs 166 crore) in a round led by Zerodha co-founder Nikhil Kamath. The round saw participation from investors such as Capri Global Family Office, Verity Knowledge Solutions CEO Sumeet Kanwar and Abhijeet Pai-led Wear Steels.

A New Mexico judge has granted Mark Zuckerberg's request to be dropped from a lawsuit that alleges his company has failed to protect young users from exposure to child sexual abuse material

Jio Financial Services (JFSL) has launched a new app named Jio Finance which is poised to compete with other major fintech applications. The app is currently in a beta testing stage and will be fine tuned after user feedback, the company said in a filing to the stock exchanges on Thursday. Jio Finance will offer UPI payments, bill payments, insurance advisory and digital banking. Eventually Jio Financial Services will offer credit products like loans against mutual funds, home loans and others to its customers through the app.

Angel One, the Mumbai-based stock broking major, is looking to create a holding company and structure its multiple businesses like credit, asset management and wealth management as the subsidiary entities, two people in the know said. Currently the businesses are held by Angel Broking, which owns a stockbroker licence from the Securities and Exchange Board of India, the people said.

Unacademy has changed the goals for its two cofounders, Gaurav Munjal and Hemesh Singh, to access additional voting rights through bonus shares issued to them in 2022. According to Unacademy’s filings with the Registrar of Companies (RoC), Munjal and Singh will get access to additional voting rights if the company forms a committee by March 2025 to work on its initial public offering.

venture funds, investment firms backed by veteran corporate leaders as well as several startup founders are among those vying to buy stakes in a slew of new consumer brands that are challenging the dominance of incumbents. Flipkart-backer Accel is in advanced discussions to invest in new-age luggage brand Uppercase valuing it at around $50-60 million, sources aware said. In February, Peak XV Partners invested in premium luggage maker Mokobara, while another investment firm Lighthouse picked a stake in Safari Industries in March. Separately, early-stage home and kitchen products brand Solara has raised capital from Livspace cofounder Ramakant Sharma and others, amid a flurry of deals across segments from luggage to beauty, wellness, pet care, jewellery, food and beverages.

Doug Ford on Thursday accused people of bringing “problems from everywhere else in the world” to the province after a recent shooting at a Toronto Jewish girls school.Ford made those sharp comments alongside Prime Minister Justin Trudeau at a news conference in the city, days after students and staff at Rabbi Yaacov Vidal of the Bais Chaya Mushka Elementary School said they were shaken by what happened, but undeterred.Toronto police told Global News Thursday the investigation remains ongoing, and no arrests have been made.There is no indication from police at this time that any of the suspects involved were immigrants, as Ford appeared to suggest, adding: “Before you plan on moving to Canada — don’t come to Canada if you’re going to start terrorizing neighborhoods like this.”“We have zero tolerance for this anywhere in Ontario. It doesn’t matter what race, what religion you’re from, I’d be saying the exact same thing if it was another community as well, but enough is enough,” he said.“You’re bringing your problems from everywhere else in the world, you’re bringing it to Ontario and you’re going after other Canadians – as the prime minister said: unacceptable.”Police later told Global News it does not track and or disclose the immigration status of suspects or victims.

Reliance Industries Limited (RIL) has been named one of the World's Most Influential Companies by TIME magazine, making its second appearance on the prestigious TIME 100 list. This recognition places Reliance in the 'Titans' category, highlighting its transformative impact across various sectors in India and beyond. According to a press release, Reliance now holds the unique distinction of being the only Indian company to have been included twice in this elite list. This recognition comes after Jio Platforms, a subsidiary of Reliance, was included in the inaugural TIME 100 Most Influential Companies List of 2021. This distinction makes Reliance the only Indian company to receive this recognition twice, showcasing its continued impact and influence on a global scale.

Louisiana has come out with an innovative way to fight the menace of child sex offenses. Its House of Representatives passed a bill 74 to 24 Tuesday, authorizing the judges to sentence the convicted child sex offenders to surgical castration, reports 'The US Sun'. Originally, the bill required the sex offenders to undergo surgical castration, but an amendment left it to the decision of the judges.

Lab-grown meat is not currently available in any U.S. grocery stores or restaurants

Fyllo has announced that it has raised $4 million in a fresh funding round led by IndiaQuotient and SIDBI Ventures. Existing investors Triveni Trusts, IAN, and KIAORA participated in the round. Fyllo said it will use the funds to expand into new geographies and crops and develop more precision agriculture products.

India’s democracy is famed globally not just for its size, but for its diversity. There are sections of people, however, who suffer the effects of centuries-old practices that deny them their right to equality. One such community at the receiving end comprises individuals who identify as LGBTQIA+.