Stage Financial News

Together Fund, led by Freshworks founder Girish Mathrubootham and Eka Software founder Manav Garg, has announced its second fund worth $150 million to continue backing opportunities in the Indian software-as-a-service (SaaS) and artificial intelligence (AI) space. The total corpus for Together’s Fund II is almost double that of the previous one, as it looks to make larger follow-on investments and back local disruptors in the generative AI space. It has also marked a first close of the second fund, raising the corpus from endowments and sovereign funds across the US and Asia.

EVO 2023, or Evolution Championship Series, stands as the world's top fighting game tournament, drawing in players and enthusiasts from all corners of the globe. It is a legendary event where greatness is achieved, iconic moments like «EVO moment 37» are born, and champions are crowned. This year, it is scheduled to take place from August 4. As we move closer to EVO 2023, the anticipation and excitement surrounding the tournament have reached unprecedented levels. This enthusiasm is fueled by the emergence of new eras in fighting games, exemplified by the highly anticipated release of Street Fighter 6.

USWNT won the encounter. In their opening matches, the U.S. defeated Vietnam 3-0 while the Netherlands beat Portugal 1-0.

BJP Mahila Morcha protested across the state on Wednesday as part of the "Nahi Sahega Rajasthan" campaign which highlights crime against women. In the capital Jaipur, BJP Mahila Morcha state president Raksha Bhandari and office bearers staged a protest outside the official residence of Local Self Government Minister Shanti Dhariwal by waving red diaries and beating empty plates.

Mizoram has announced during the last five years (2018-19 to 2022-23) new investment projects in the state worth Rs.7118 crore and completed projects worth Rs.320 crore and the projects under implementation and or are at various stages of completion of Rs,1,33,078 crore according to the just concluded study conducted by the MSME Export Promotion Council and the Confederation of Organic Food Producers and Marketing Agencies (COII). The study was released by MSME EPC chairman Dr D S Rawat.

Deutsche Bank’s recovery plan may be working. As a story that investors want to watch, however, it isn’t exactly “Barbenheimer." On Wednesday, the German lender said it earned €763 million, equivalent to $844 million, during the second quarter of the year, a 27% decline compared with a year earlier. The results mirror those reported by Wall Street banks: Net interest income for retail and corporate divisions jumped thanks to central banks pushing interest rates up, but a slump in trading revenue and a dearth of deals has hit investment banking.

Lacasse has embarked on a new chapter in her career with her recent transfer to Arsenal, a move she sees as both a “dream” and a necessity. Having previously played for Benfica, she joined Arsenal ahead of the Women's World Cup, eager to embrace the challenges and opportunities that lie ahead. According to Daily Cannon report, Lacasse expressed her excitement about playing alongside Mead, Miedema, and Russo, stating that she sought healthy competition.

New Delhi: The government is constructing 13 railway lines to enhance coal transportation and distribution capabilities, coal minister Pralhad Joshi said in the Lok Sabha on Wednesday. In a written reply, the minister said, “Ministry of Coal is coordinating with Ministry of Railways to enhance coal evacuation & distribution capabilities.

technology companies around the world have announced total job cuts of more than 220,000 in 2023. The slump has hit younger firms hardest of all. Rising interest rates make upstarts’ promise of rich profits far in the future look less juicy in the here and now.

₹3,437 crore in the first quarter of FY24, registering a growth of ₹32% from ₹2,596.3 crore in the corresponding quarter of last year. Net interest income (NII) of the non-banking finance company (NBFC), on a consolidated basis, in Q1FY24 increased by 26% to ₹8,398 crore from ₹6,640 crore, YoY. Bajaj Finance’s assets under management (AUM) grew by 32% to ₹270,097 crore as of June 30, 2023, from ₹204,018 crore as of June 30, 2022.

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Swiggy on Wednesday said that it has launched a co-branded credit card with HDFC Bank, adding on to the larger trend of ecommerce platforms launching co-branded cards. ET had reported on July 5 that Swiggy was in the final stages of launching a co-branded credit card in partnership with HDFC Bank, as it looks to retain customers and boost basket sizes while providing flat discounts and special offers for cardholders. Swiggy’s co-branded credit card will be hosted on Mastercard’s payment network.

Taiwan staged its first-ever military drill at Taoyuan International Airport on Wednesday, briefly halting commercial traffic as soldiers practised defending the facility against a simulated attack by Beijing. The exercise is part of Taiwan's week-long massive wargames — the annual «Han Kuang» (Han Glory) drills — which this year has included protecting civilian airports as Beijing ramps up military and political pressures on the island.

ZTE is in talks for transfer of technology and designs and formation of a joint venture with Indian companies, TOI reported. The move comes as the company is looking to freeze on the business amid Indian government’s constant concerns towards security. Apart from ZTE, Huawei is also facing the heat from the Indian government amid border tensions between the two Asian nations.

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Emerging star Mary Fowler has been ruled out of the Matildas’ Women’s World Cup clash against Nigeria with a concussion.

Mineral Resources has failed to hit guidance on lithium exports from its West Australian mine owned in partnership with New York giant Albemarle.

The month-long tournament commenced on Thursday, July 20, with the final scheduled for Sunday, August 20. The grand finale will take place at Stadium Australia in Sydney, a venue with an impressive capacity of 83,500 spectators, and known for hosting the Opening and Closing Ceremonies of the 2000 Olympic Games. The USWNT has the opportunity to make history by becoming the first team to win three consecutive Women's World Cups. They have been drawn into Group E, alongside formidable opponents such as the Netherlands, Portugal, and Vietnam. The team's group stage schedule includes matches against the Netherlands on Wednesday, July 26 (9:00 pm ET) and Portugal on Tuesday, August 1 (3:00 am ET). For soccer fans in the US eager to watch the action unfold live, the tournament will be broadcast on TV channels such as Telemundo, Universo, and Peacock, while live streaming will be available through Peacock. Fox holds the English-language media rights in the United States for the Women's World Cup. The United States started its bid for an unprecedented three-peat at the Women's World Cup with a 3-0 win over Vietnam. Winning a third straight title won't be easy for the No. 1 team in the world. Co-hosted by Australia and New Zealand, the quadrennial tournament for international soccer's most coveted trophy kicked off July 20 and features an expanded field of 32 teams, up from 24. There are 64 matches during the tournament. That means more competition for the two-time defending World Cup champion US, which won the 2015 event in Canada and the 2019 tournament in France.

NEW DELHI : T.V. Narendran, who will start his new term as Tata Steel Ltd’s chief executive and managing director, highlighted the challenges the company faces in Europe, even as he emphasized that the Indian operations remain “structurally the strongest part" of the steelmaker’s portfolio. “The first five years were all problems, the second was more inorganic growth, and these five years, hopefully, will be more organic growth," he said.

Caicedo’s broad smile at fulltime said it all. She’s not only at the Women’s World Cup, but she won a game and she scored a goal. A cancer survivor, a Real Madrid star and now a scorer on her debut on the biggest stage in women’s football, the Colombia forward is an inspirational figure already at the age of 18.

By Gram Slattery