Sustainability Financial News

Perplexity AI has begun fundraising talks in which it is looking to more than double its valuation to $8 billion or more, the Wall Street Journal reported on Sunday. Perplexity has told investors it is looking to raise around $500 million in the new funding round, the Journal reported citing people familiar with the matter. The Nvidia-backed artificial intelligence (AI) company's estimated annualized revenue based on recent sales is currently about $50 million, the report added.

Tokyo: Naomi Osaka's season appears to be over after she said she will not play at next month's Billie Jean King Cup finals because of injury. The four-time Grand Slam singles champion said in Tokyo on Sunday that she had ruptured abdominal muscles. «I thought I strained my back, but I did an MRI in Beijing and they said that I bulged a disc in my back and I also ruptured abdominal muscles,» Japan's Kyodo News agency reported the 27-year-old as saying.

standard operating procedure (SOP) for negotiating its free trade agreements (FTA) and address new issues — labour, environment, digital services, gender and indigenous peoples and has temporarily paused some new trade pacts. Officials said a review of India’s trade pact with the UAE in two years after it came into force and a rise in sustainability measures being imposed by the US and the EU, have led the government to develop a new FTA strategy. These guidelines will be based on reciprocity and stronger rules of origin to prevent Chinese products entering India by misusing any of the trade pacts. “The SOPs are almost ready and we will go to Cabinet for its approval,” said an official. The SOPs assume significance as India is negotiating trade pacts with the UK, the EU, Peru, Oman, Chile and a comprehensive trade deal with Australia.

ACRE) has submitted an anchor bid to acquire five non-performing loan (NPL) accounts associated with Subhash Chandra's Zee Group or Essel Group from JC Flowers ARC, offering ₹505 crore in cash against total outstanding debt of ₹1,350 crore. The bid indicates a recovery of 37%. JC Flowers Asset Reconstruction Company, which is managing the auction process as the trustee for JCF Yes Trust, has scheduled a Swiss auction on November 6 with a reserve price of ₹505 crore, based on the anchor bid.

The announcement was made at New York Comic-Con. In «Daredevil: Born Again», actor Charlie Cox plays Daredevil, and Vincent D'Onofrio plays the villain Kingpin. Marvel's 'Daredevil: Born Again' is set to premiere on Disney+ on March 4, next year.

Ganderbal district on Sunday, officials said. The terrorists opened fire on a camp housing labourers of a private company working on the construction of a tunnel in the Gund area of the district, they said. Two labourers died on the spot while two others sustained injuries, the officials said, adding that further details are awaited.

Mehta may have perfected this recipe in his global travels, in countries where coconut milk was rare but canned shrimps were common. Today, packaged coconut milk is easily available but shrimps are more likely to be fresh or frozen. Faster and refrigerated supply chains mean less use for canned foods. In India, we rarely use them, with a few exceptions like condensed milk.

MIAMI (AP) — The National Hurricane Center in Miami says Hurricane Oscar has formed off the coast of the Bahamas.

Subscribe to enjoy similar stories. New Delhi: Facing a workforce shortage, Germany is planning to substantially increase the number of skilled labour visas it grants for Indians to 90,000 every year, from the current cap of 20,000, said ambassador Philipp Ackermann. With a worker shortage worsening Germany’s economy, these visas will be used to fill gaps in sectors such as information technology, nursing and caregiving, Ackermann said in an interview.

technological advancements, geopolitical conflicts, legal challenges, economic fluctuations, emerging business models, natural disasters, social & cultural shifts and demographics changes are forcing businesses to rethink their risk mitigation and business continuity strategies, according to the Horizon Watch Emerging Risk Report. The report, jointly produced by TATA AIG General Insurance and Dun & Bradstreet India, is based on a survey of 300 business leaders across 25 sectors. It reveals that 83% of businesses cite technological advancements as the top driver of new risks, with growing concerns around data privacy, security vulnerabilities, and regulatory compliance. About 69% of businesses identify legal challenges as significant contributors to emerging risks. As regulatory landscapes become increasingly complex, companies are more apprehensive about the potential impact of legal disputes on their operations and long-term strategies, according to the report.

New Zealand and South Africa in the Women's T20 World Cup in Dubai on Sunday. No South African or New Zealand — be it men or women — team has ever won a world cup. In the women's tournament, Australia have won six of the eight editions and South Africa beating them in the semi-final was historic in many ways. England in 2009 and the West Indies in 2016 are the only teams that have managed to win the tournament. The final is expected to be a fitting conclusion to a tournament that has showcased a mix of excellent and average cricket, following its relocation to the United Arab Emirates due to political issues in Bangladesh.

Nifty exhibited a robust recovery on the last trading day of the week, forming a Bullish Piercing candlestick pattern on the daily charts. This suggests a potential pause in the recent downtrend. However, a follow-through of buying is needed to confirm this reversal pattern. The index remains below its 10-day EMA, indicating that buyers are less assertive, with higher levels continuing to act as a selling zone, serving as a strong resistance for the past eleven trading sessions.

Tech Mahindra posted a 46.8% sequential rise in net profit at Rs 1,250 crore in the fiscal second quarter propelled by a sharp focus on margins and a one-time gain from the sale of land. Profit surged 153% from a year earlier. India’s fifth largest software services company recorded a 2.4% sequential rise in revenue from operations at Rs 13,313 crore in the three months ended September. Revenue rose 3.5% year-on-year, rebounding after four straight quarters of decline. Revenue growth was led by the largest vertical of communication, as well as hi-tech and media verticals, according to the company.

PN Gadgil Jewellers has seen a remarkable rise in its share value since its initial public offering (IPO) this September. The IPO came just ahead of India’s festive and wedding season, a peak period for jewelry sales. This surge in market performance has propelled Saurabh Gadgil, the company’s MD and CEO, to a net worth of nearly $1 billion, according to Bloomberg. Founded in 1832, PNG Jewellers started as a small jewelry shop in Sangli, Maharashtra, and has grown into a renowned brand recognized for its traditional designs and fine craftsmanship. The business has been built and sustained by six generations of the Gadgil family, becoming a household name in the jewelry industry.

Hockey India League (HIL), resurrected after seven years in cold storage, held its auctions in New Delhi last week with franchises – eight men and four women – snapping up players from across the globe. Harmanpreet Singh and Udita Duhan, current national team stars, emerged as the costliest buys at Rs 78 lakh and Rs 32 lakh in men’s and women’s leagues respectively. “It is not about the money. We are all in this for the development of the sport,” said Rahul Todi of Shrachi, owner of the Bengal Rarh Tigers franchise. While the auction was a success, there are still some lingering questions. Is the league sustainable? Can franchises make money in the long run? How will the league help the future of Indian hockey? There was already a minor setback for the organisers, Hockey India (HI); they had to reduce the number of women’s teams from six to four. However, the organisers said that the number will go back to six teams in 2026. “A lot of the current stars including Harmanpreet emerged into prominence from the Hockey India League. With back-to-back Olympic medals, there could be no better time to restart the league,” said PR Sreejesh, former India goalkeeper and Delhi SG Pipers team director, who was present for the two days of the auction before donning the hat of junior team head coach and leaving for Malaysia.

Abhyuday Jindal has been named president of Indian Chamber of Commerce (ICC) an industry body founded in 1925, that has its headquarters in Kolkata, as per a press release. Jindal who graduated from Boston University with a degree in Economics and Business Management is the managing director of Jindal Stainless, a stainless steel manufacturer with annual turnover of Rs. 38,000 crore. “It is my vision to strengthen ICC’s role as a catalyst for economic growth and innovation. Drawing from my experience across sectors, I aim to promote sustainable business practices, foster inclusive growth, and advocate for policies that empower Indian industries globally”, said Abhyuday Jindal.

biodiversity talks in Cali, Colombia next week, India showcased the way its development story intertwines with ecological conservation, including the role that tribal communities play in conservation efforts. This, according to External Affairs Minister S Jaishankar, is clearly demonstrated in the “shinning success” of Project Tiger. India is home to 70 per cent of world’s wild tiger population. Speaking at the inauguration of the art exhibition ‘Silent Conversation’, organised by the National Tiger Conservation Authority and Sankala Foundation, a Delhi-based organisation focused on sustainability, Jaishankar focused on the contribution of tribal and other local communities.

Zomato’s move to raise fresh funds through a qualified institutional placement (QIP) despite sitting on $1.5 billion, or about Rs 12,600 crore, of cash has stirred up an already fired-up quick commerce sector. While some see it as a move to distract investors away from arch-rival Swiggy’s $1.25-billion IPO scheduled for mid-November, others fear an escalation of cash burn in the quick-commerce space, hurting unit economics, with Zepto too looking to raise fresh capital despite scooping up $1 billion over the past four months. The slug of capital that will be needed to sustain growth in the high-burn quick commerce sector is resembling the trajectory of ecommerce a decade ago, especially as Zomato’s Blinkit, Swiggy’s Instamart and Zepto diversify into categories like fashion and electronics, said an investor who has been tracking consumer internet companies.

New York Post political reporter Jon Levine reacts to antisemitic stickers being placed around Harvard University’s campus during an appearance on ‘Varney & Co.’

JSW Steel joint venture with Japan's JFE Steel Corp will fully acquire Thyssenkrupp Electrical Steel (TKES) India for ₹4,051.40 crore. The 50:50 joint venture between the two steelmakers is also looking at licensing or transfer of associated technology from Thyssenkrupp, which is included in the deal value. TKES India manufactures grain-oriented electrical steel, used in the making of transformers and generators, at its Nashik facility.

China at the World Trade Organisation (WTO), turning the heat on non-transparent subsidies that lead to an influx of low-priced, poor-quality goods into the country, harming its local industries. New Delhi flagged concerns over several trade issues during a review of Beijing's trade policies. It highlighted China's cross-border data regulations and laws, export control measures on critical raw materials, and non-tariff barriers that adversely impact pharma exports, besides export bans on critical minerals.