Schools Financial News

Swiggy to $12.7 billion, up 18% from the valuation at which the Bengaluru-based firm last raised money in 2022, filings made with the US Securities and Exchange Commission showed. Invesco had led the $700 million round in January 2022 that valued Swiggy at $10.7 billion. The mark up in Swiggy's valuation by its investors comes at a time when several other Indian internet companies,including Ola Cabs, Byju's and Meesho have seen the fair values of their stakes being marked down by investors such as Vanguard, BlackRock and Fidelity.

Savita Subramanian, head of US equity and quantitative strategy at BofA Securities, talks about why she is bullish on US equities when many on Wall Street are cautious. Edited excerpts: You are one of the most optimistic Wall Street equity strategists, while many are struggling to find reasons to be optimistic. Why?

Union IT minister Ashwini Vaishnaw had told ET last week that the government is looking at introducing such an AI law.

Naveen Tahilyani, who took charge in February as Tata Digital’s new CEO, is believed to have put a tight control on spends in the ecommerce business and has introduced greater accountability and sharper data-focused approach to operations, according to Tata group officials. Mandated to give momentum and executional heft to the digital ecommerce entity, Tahilyani is taking on a more hands-on approach, the officials said. Tahilyani, handpicked by Tata Sons chairman N. Chandrasekaran from the group's insurance business Tata AIA Life Insurance, is also bringing in a collaborative mindset to smoothen operational glitches and boost participation from group companies, company sources said.

IT firm Atos has told creditors and bondholders it is seeking more than 1 billion euros ($1.09 billion) in new funds, Bloomberg News reported on Monday, citing people with direct knowledge of a new restructuring plan. Atos is aiming to convert about half of its $5 billion debt into equity as part of the plan disclosed during a confidential meeting on Monday, Bloomberg said.

Google's smart speakers and other devices do not violate Sonos' patent rights and can be imported into the United States, a U.S. appeals court affirmed on Monday. The U.S. Court of Appeals for the Federal Circuit upheld a U.S. trade tribunal's decision that Google's redesigns of products, including Google Home speakers, Pixel phones and Nest Hub smart displays, were sufficient to avoid infringing Sonos' multi-room wireless audio patents.

Tesla CEO Elon Musk on Monday predicted development of artificial intelligence that was smarter than the smartest human probably by next year, or by 2026. In a wide-ranging interview on X spaces that suffered multiple technology glitches, Musk also told Norway wealth fund CEO Nicolai Tangen that AI was constrained by the availability of electricity and that the next version of Grok, the AI chatbot from his xAI startup, was expected to be trained by May.

US Securities and Exchange Commission (SEC) last week stayed the first-of-its-kind climate disclosure rules pending judicial review and amid a political backlash. The rules, adopted a month earlier, had taken two years to pass a pared down version and required public companies to disclose extensive climate change-related information in their regulatory filings. This development comes three months after China unveiled its ESG rules requiring companies to publish sustainability reports by 2026. In a significant move, the Supreme Court of India in a ruling released last week expanded the scope of Articles 14 and 21 to include the 'right against the adverse effects of climate change'.

Ayodhya Ram temple issue to reach out to the tribal community in Chhattisgarh, alleging that the Congress opposed the consecration ceremony for appeasement politics. He also slammed the Congress on the Naxal issue at a rally in Chandrapur, Maharashtra. "Ram Navami is not very far. This time in Ayodhya our Ram Lalla will not give darshan in a tent but in a grand temple. But Congress and INDI alliance is very unhappy about this. They declined the invitation for pran pratishta. The Shahi pariwar of Congress threw out those leaders who declared this wrong. This shows Congress can cross any limit for appeasement politics," Modi said at a rally in Bastar. The PM emphasised that welfare of tribals has always been a top priority for BJP. He said a tribal is the president of India today and a record number of Eklavya schools for tribals have come up during his tenure. «Our priority has always been garib kalyan… Congress always ignored the welfare of the poor,» he said.

Arvind Kejriwal joins BJP, he will be released within a single day, Aam Aadmi Party (AAP) leader Atishi said here on Monday. The AAP national convenor is currently in judicial custody in a money laundering case linked with an alleged excise scam. «Kejriwal will never bow down. He will keep fighting for the rights of common man across the country, whether he is inside or outside the jail,» Atishi said during a road show at Duliajan under the Dibrugarh parliamentary constituency where AAP has fielded a candidate. «If Kejriwal joins the BJP like (Assam Chief Minister) Himanta Biswa Sarma, he will be released in one day,» she said.

Arkansas lawmakers are meeting at the Capitol for a session that will focus on Gov. Sarah Huckabee Sanders' $6.3 billion proposed budget for the coming year

It's been almost 25 years since federal authorities, responding to news reports of deaths and illnesses, descended on the small northwestern Montana town of Libby to clean it up

The West Virginia United Students’ Union is the leading oppositional force against cuts at the state's flagship university

Swiggy has converted itself into a public limited company, ahead of an expected stock market listing later this year, according to documents filed with the Registrar of Companies (RoC). The name of the food-delivery and quick-commerce major's holding company has been changed from Swiggy Private Limited to Swiggy Limited. The change comes as the firm is expected to file a draft red herring prospectus in the next few months, with an estimated $1-billion public listing on the cards towards the end of the year.

venture capital arm of Italy's Cassa Depositi e Prestiti (CDP) will invest 1 billion euros ($1.1 billion) over the next five years in artificial intelligence (AI) and cybersecurity, the state lender said on Monday. The government in March had announced its intention to set up an investment fund to promote projects in the AI sector, backed by CDP, as part of its broader push, as chair of the G7, to focus on the impact of AI on jobs and inequality.

I didn’t travel the world. I didn’t take up an extreme sport. Even the needlepoint kit I bought during week two remains unopened in my cabinet.

Invest4Edu, an education fintech firm, has onboarded Hemika Tanwar as cofounder and chief people officer along with Chintan Kotak as cofounder and global business head. The company said these co-founders bring a wealth of experience, specialisms and cohesive vision to deliver fast and consistent growth. The company said it aims to expand its team, targeting India's burgeoning $2.5 billion ed-fintech market opportunity, competing with local and international players.

Google parent Alphabet's contemplated acquisition of marketing software company HubSpot would likely spark opposition from regulators even as many experts agree it would not curb competition, and would require the technology giant to open a new front in its battle with antitrust watchdogs. Reuters reported last week that Google was mulling an offer for HubSpot, which has a market value of $34 billion. Google has been weighing the antitrust risks of a potential deal and has yet to decide if it will make an offer.

EU antitrust regulators are checking to see if an Apple proposal would comply with their order to let Spotify and other music streaming services inform users of payment options outside its App Store, the European Commission said on Monday. The iPhone maker risks antitrust charges and fresh fines if its proposal announced last Friday fails to satisfy the EU competition enforcer, which issued its order together with a 1.84 billion euro ($2 billion) fine last month

Apple is reaffirming its commitment to India. Its contract manufacturers and suppliers, including Foxconn, Tata and Salcomp, are planning to build more than 78,000 homes for their employees, ET has reported. India's Central and state governments will partly fund the project. With this huge housing project, Apple is indicating it is deepening its roots in India. Housing for workers has been a key part of the Apple ecosystem in China. Also Read: Apple Awas Yojana: Apple ecosystem pivots to housing factory workers after job boom

Mehrotra has over 35 years of experience in executive roles across sectors such as FMCG, telecom, and education.