60 MILLION
Fintech startup Partior raises $60 million in funding round led by Peak XV Partners
Partior, supported by DBS, JP Morgan, Standard Chartered, and Temasek, secured $60 million from Peak XV, Jump Trading, and Valar Capital. The funds will boost network expansion, integrate RTGS systems, and develop FX swaps, liquidity management, and cross-currency repos. Founded in 2021, it offers real-time, multi-currency clearing for banks in London, New York, and Singapore.
Pakistan's population projected to reach 400 million by 2092: UN Report
A UN report on Pakistan's population growth projects a rise to 404.68 million by 2092, surpassing Indonesia by 2048. With a current growth rate of 2.40 per cent, Pakistan faces challenges including lack of birth control usage, pressure on resources, unemployment, and strains on healthcare and education systems. Globally, the world population is expected to reach 10.3 billion by the mid-2080s before declining to around 10.2 billion.
NASA astronaut captures stunning moonrise from ISS, captivating millions
NASA astronaut Matthew Dominick's breathtaking photo of a moonrise from the International Space Station (ISS) has left millions in awe. The image, depicting a crescent moon above Earth's atmosphere, has garnered over 5.4 million views and numerous comments. Dominick, part of NASA’s SpaceX Crew-8 mission, has been aboard the ISS for four months. The photograph showcases the beauty of space, drawing widespread admiration from social media users.
Satin Creditcare Network raises 15 million euros from Development Bank of Austria
The external commercial borrowing with a tenure of five years is raised at a rate linked to Euribor and it comes around 11% approximately, a senior official with Satin said. This rate is euribor plus 260 basis points, to be precise.
Medtronic to invest $60 million on global IT centre in Hyderabad
Medtronic announces a $60 million investment to expand its GIT Centre in Hyderabad, creating 300 new jobs. The centre will focus on cloud engineering, data platforms, digital health applications, automation, AI, and machine learning. Medtronic aims to boost productivity and drive growth in healthcare technology.
Agritech startup Arya Ag raises $29 million from Blue Earth Capital
Arya Ag will utilise the capital to expand the firm’s market share and enhance profitability. The funding will also be directed towards forging partnerships to enhance Package of Practices (PoP) on farms and implementing initiatives to minimise food loss throughout the supply chain.
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India created over 80 million jobs from FY’18 to FY’22, says ministry of labour and employment
Quoting the data from the Periodic Labour Force Survey and the KLEMS data of the Reserve Bank of India, the ministry said on Monday that this translated to an average of over 20 million jobs or employment per year and demonstrates the effectiveness of various government initiatives aimed at boosting employment across sectors.
DTH companies lose over 3 million users in FY24
Despite the Indian Premier League and the ICC Men's Cricket World Cup in 2023, four private direct-to-home (DTH) operators in India lost 3.28 million active subscribers in the fiscal year ending March 2024. Free streaming of the events by JioCinema and Disney+ Hotstar, along with price hikes by broadcasters, led to the decline. Competition from OTT platforms and Prasar Bharati-owned DD Free Dish also contributed to the drop in subscribers.
ETtech Deals Digest: Startup funding rises 97% YoY to $242 million this week
Startups mostly at the late and early stages, raised funds through 18 rounds, compared to 43 in the same period last year, when they raised a total of $123 million, according to data from Tracxn.
Crypto Price Today: Bitcoin slips below psychological $60,000 mark. Etherium, Solana, others down by up to 9%. Here’s why
Bitcoin plunges below $60,000, causing panic among investors as altcoins follow suit. Mt. Gox repayment, government sell-offs, and a massive whale dump contribute to the market chaos
Nearly 5 billion people endured extreme heat in June; 619 million affected in India: Report
An analysis by Climate Central revealed that nearly five billion people globally, including 619 million in India, faced extreme heat due to climate change over nine days in June. The report highlighted impacts in several countries, with experts warning that carbon pollution must be reduced to prevent future heat-related disasters.
Webtoon comic app Toonsutra registers over 1 million downloads
Toonsutra aims to establish the world's largest fandom and pop culture community in India over 700 million mobile youth market. The company has partnership with some of the biggest global publishers and creators to bring over more than 550 titles and 250,000 episodes of content into local Indian languages.
Crypto Price Today: Bitcoin holds above $60k but down 1.5%. Ethereum, BNB, Solana, Dogecoin, others fall up to 4%
BlackRock's IBIT saw significant trading volume, while the market anticipated the expiry of multi-billion dollar Bitcoin and Ethereum options. Strong institutional interest and positive trading activity influenced the crypto market's momentum, underscoring ongoing market dynamics and investor sentiment.
Expect Indian PV market to touch 60 lakh units by 2030, targeting 18-20 pc share: Tata Motors
Tata Motors targets significant market share growth by FY30, focusing on EVs, CNG vehicles, and new product offerings. The company strategically prepares for upcoming CAFE III norms and aims to capitalize on industry transitions for sustainable growth.
Global coffee production to rise by 7 million bags in the new crop, says USDA
The USDA said total production of the beans will rise to 176.23 million 60-kg bags from 169.18 million bags previously, mostly due to higher output in top grower Brazil and to a recovery in robusta grower Indonesia.
AI search startup Genspark raises $60 million in seed round to challenge Google
The funding is led by Singapore-based fund Lanchi Ventures and valued the startup, currently without revenue, at $260 million. Lanchi Ventures, formerly BlueRun Ventures China, rebranded last year to distance itself from its Silicon Valley origin BlueRun Ventures.
The Pant Project raises $4.25 million in maiden funding round
The Pant Project will use the funds for offline retail store expansion, branding and marketing, technology development, and team growth, Dhruv Toshniwal, cofounder of the company told ET. The company gets about 60% of its revenue from top-tier cities such as Mumbai, Delhi, Bengaluru, Hyderabad, Chennai, Pune, and Ahmedabad, and the balance 40% from tier II cities.
Wimbledon prize money is increasing to a record 50 million pounds. That's about $64 million
Wimbledon's total prize money fund will increase to a record 50 million pounds, with the singles champions earning 2.7 million pounds each. The All England Club officials announced this at the annual spring briefing, led by Deborah Jevans.
Pakistan's economy missed economic growth target, donkey population rises to 60 lakh in FY24: Economic Survey
The Pakistan Economic Survey (PES) 2023-24 reveals a 1.72% rise in the donkey population, reaching 5.9 million. Despite this increase, Pakistan's economic growth fell short, expanding by 2.4% instead of the targeted 3.5%. Livestock, vital to the rural economy, saw growth in cattle, buffalo, sheep, goats, and camels, contributing significantly to GDP.
Sebi issues show cause notice to PB Fintech Chairperson Yashish Dahiya on $2 million investment
PB Fintech is pursuing legal action regarding the SCN and maintains that there will be no material impact on the company's financials or operations. The announcement was made after market hours and the stock ended at Rs 1,288 on the NSE, down by 5.35 or 0.41%.
El Nino ending; at least 60% chance of La Nina developing during July-Sept: WMO
The El-Nino event, causing record-breaking temperatures and extreme weather worldwide, is expected to transition to La-Nina conditions this year, per the World Meteorological Organization. The warmest April on record marked the 11th consecutive month of high temperatures globally. La-Nina may bring relief with increased rainfall during the monsoon season in India.
Jakson Green secures Rs 60 crore funding from HSBC India
This funding will support the company's working capital requirements for its renewable energy business, both in India and internationally, the company said.
Cochin Shipyard gets EUR 60 million order for hybrid SOVs from UK operator
CSL said the hybrid SOVs are the workhorse of the growing, highly specialised renewables segment, in which it is actively looking forward with their proven track-record in the offshore support vessels.
US announces new $400 mln military aid package for Ukraine, official says
The U.S. is set to provide a $400 million military aid package to Ukraine, utilizing the Presidential Drawdown Authority. This aid is part of a larger $95 billion bill, with expectations of increased contracts for defense companies like RTX and Lockheed Martin.
Tornado alert: Nearly 60 million residents in tornado zone. Check full list of states
Around 57 million people will be affected by tornado storms and flash flooding in different regions of the United States as destructive winds and flash flooding may engulf these areas.
Stride Ventures closes third fund at $165 million
Stride Ventures closed a $165 million third fund, supported by various entities. The fund focuses on consumer and financial services sectors, with Apoorva Sharma explaining the adjustment from the initial $200 million target.
US weather forecast: Tornadoes, severe weather threat for 60 million Americans. Check locations
US weather forecast for Friday and Saturday are not looking bright as severe thunderstorms and tornadoes are predicted.
Aurionpro Solutions to acquire fintech startup Arya AI for $16.5 million
Aurionpro Solutions acquires Arya.ai for $16.5 million, gaining a 67% stake. The deal enhances Aurionpro's business offerings with AI capabilities and allows for geographical expansion into the US, Southeast Asia, India, Europe, West Asia, and Africa.
Magnitude 6.0 earthquake strikes Papua New Guinea: USGS
A magnitude 6.0 earthquake struck Papua New Guinea's West New Britain region, southeast of Kimbe. No damage or injuries were reported. In April last year, a 7.0-magnitude quake hit the Karawari area, but the recent quake did not cause significant impact.
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