ATLANTE
From Cold War to the Ukraine war: NATO at 75
NATO marks 75 years; founded by 12 members, now 32, including Finland and Nordic neighbors. Article Five triggered after the September 11, 2001 attacks. Troops in Kosovo since 1999. Formed to counter Cold War threats. Members aim for two percent GDP on defense post Russia’s Ukraine invasion. Trump criticized low defense spending, and Macron acknowledged NATO’s revival.
AI video maker Runway in talks to raise funds at $4 billion valuation: report
Since the launch of ChatGPT by OpenAI in 2022, there has been an immense interest in AI, with enterprises investing millions of dollars to cash in on the trend.
'Extremely dangerous' Hurricane Beryl intensifies in Caribbean, eyeing Jamaica
Hurricane Beryl intensified to a Category 4 storm with winds up to 155 mph, moving across the southeastern Caribbean on Monday. Jamaica is near its path, prompting a hurricane warning. The storm has caused power outages and flooding in several Caribbean islands. Beryl is expected to bring heavy rain to Barbados and the Windward Islands. Climate change is believed to be intensifying such storms, contributing to an unusually active hurricane season. Jamaica and Mexico are preparing for Beryl's impact, with warnings of potential flash flooding and infrastructure damage.
Boeing flight hits turbulence flying over the Atlantic Ocean; over 30 injured
A Boeing flight which was being operated by Air Europa ran into air turbulence due to which more than 30 people have been injured. This is yet another incident in this year due to which air passengers are being impacted due to turbulence.
Hurricane Beryl closes in on southeast Caribbean after strengthening into dangerous Category 4 storm
Beryl was centred about 150 miles (240 kilometres) southeast of Barbados late Sunday. It had maximum sustained winds of 130 mph (215 kph) and was moving west at 20 mph (31 kph). It is a compact storm, with hurricane-force winds extending 30 miles (45 kilometres) from its centre.
Hurricane Beryl strengthens into a Category 4 storm as it nears the southeast Caribbean
Beryl was located about 335 miles (570 kilometers) east-southeast of Barbados. It had maximum sustained winds of 130 mph (215 kph) and was moving west at 21 mph (33 kph). It is a compact storm, with hurricane-force winds extending 15 miles (30 kilometers) from its center. Beryl is expected to pass just south of Barbados early Monday and then head into the Caribbean Sea as a major hurricane on a path toward Jamaica.
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Russian navy frigate conducts drills in Atlantic, defence ministry says
Russia's Admiral Gorshkov navy frigate, which visited Cuba earlier in June, conducted anti-submarine drills in the Atlantic Ocean using a helicopter, the defense ministry announced on Tuesday. The helicopter's crew practiced tactical techniques for locating and tracking submarines more than 50 kilometers (31 miles) from the ship, making a total of five landings on the frigate's deck. The drills followed the frigate and the nuclear-powered submarine Kazan's training in the Atlantic, including high-precision missile weapons exercises, before their arrival in Havana harbor on June 12.
Foreign investors sell shares worth Rs 1,004 cr in PNB Housing
General Atlantic Singapore Fund Fii Pte and Asia Opportunities V (Mauritius) offloaded ₹1,004.29 crore worth of PNB Housing shares in a major transaction on the NSE. Selling 1.27 crore shares at ₹786 each, they reduced their holdings from 9.82% and 9.88% as of March 31. The buyers included Morgan Stanley Asia Singapore PTE and BNP Paribas Financial Markets, as PNB Housing shares closed lower by 5.43% at ₹794.4 amidst recent gains of 7.27% over the past month.
PNB Housing Finance shares tumble nearly 5% after large block deal
Shares of state-owned PNB Housing Finance dropped 4.8% to Rs 800 in early Thursday trading on the BSE, after a block deal where 1.36 crore shares changed hands. Asia Opportunities Fund and General Atlantic likely sold a 5.2% stake at a floor price of Rs 773, an 8% discount from the previous close of Rs 840.
General Atlantic, Asia Opportunities V to sell 4% stake worth Rs 830 crore in PNB Housing Finance
US-based General Atlantic and Asia Opportunities V (Mauritius) plan to sell Rs 830 crore worth of shares in PNB Housing Finance through open market transactions.
When a desi gets lost in McBritain's
In the 15th century, Christopher Columbus landed in what he thought was India, but it was America. This case of mistaken identity caused the Italian navigator to call the local inhabitants 'Indios', Indians, an appellation that would be used for centuries to refer to indigenous Americans.
How China rose to lead the world in cars and solar panels
Heavy subsidies for industry, together with weak sales in China, have set the stage for an export boom, raising fears of factory job losses elsewhere
Byju's processes employees' May salaries from business collections
BYJU'S processed employees' May salaries from business collections. Salaries paid from company's collections, highlighting financial health and debt-raising challenges. Company raised debts, implemented strategic initiatives. Investors, including Prosus, General Atlantic, Sofina, Peak XV, Tiger, Owl Ventures, approached NCLT Bengaluru.
US trying to build Asia-Pacific version of NATO: Chinese defence official
A Chinese defense official criticizes the US' attempt to build an Asia-Pacific version of NATO through its Indo-Pacific strategy, calling it doomed to fail due to selfish geopolitical interests.
General Atlantic likely to sell up to 6.8% stake in KFin Technologies today
The base size of the sale is 70.17 lakh shares, constituting 4.1% of the company, with an option to increase to 1.17 crore shares or 6.8% of today's equity.
FPIs sell PNB Housing shares worth Rs 843.79 crore in bulk deal
As of March 2024, General Atlantic Singapore Fund FII PTE owned 9.82% stake in the company while Asia Opportunities V (Mauritius) owned 9.88% stake in the company. Societe Generale was among the buyers in the deal and bought shares worth ₹94.82 crore.
OpenAI signs content deals with The Atlantic and Vox Media
The agreements with The Atlantic and Vox Media come on the heels of several media firms signing similar deals, giving OpenAI access to their news content and archives to train its large language models.
General Atlantic Singapore likely to sell up to 6.8% stake in KFin Technologies for Rs 833 crore via block deal: Report
General Atlantic is a part of the promoter group which holds a stake in KFin Technologies. In December, General Atlantic had sold a nearly 10% stake in KFin or 1,70,00,000 shares of the company at Rs 500.25 apiece. It made a profit of Rs 851 crore.
PNB Housing Finance shares drop over 8% after 2.7% equity change hands
PNB Housing Finance shares experienced a significant decline of over 8%, reaching the day's low at Rs 724 in Wednesday's trading on the BSE. This drop followed a sizable block deal where 2.7% of the equity changed hands.
Who is Larry Connor? Know about billionaire set to explore Titanic wreckage 2 miles under ocean
An Ohio-based billionaire, Larry Connor, plans to take a multi-million dollar submersible to the depths of the Titanic wreckage to prove that the industry is currently safer due to the OceanGate vessel mishap.
Hurricane tracker 2024: Four to seven Category 3 predicted hurricane storms to strike America. Check detailed forecast
Hurricane season 2024 will be active from June 1 and may bring eight to 13 hurricanes in this year.
Airbus fits electric truck with airliner cockpit to study safer taxiing
Airbus unveiled a truck with A350 controls at VivaTech, showcasing automated taxiing technology. The electric vehicle can operate autonomously, avoiding collisions on the ground using sensors and onboard computers. Airbus aims to enhance airport safety amid recent jetliner ground collisions, with plans to test the system on live airports. LiDAR technology may provide further automation capabilities, potentially improving aircraft safety.
TBO Tek sees robust listing. What should investors do now?
TBO Tek strong listing can be attributed to the unwavering investor confidence in the company’s solid technological foundation and its potential for continued growth in the online travel sector.
TBO Tek shares debut at 55% premium over issue price
TBO Tek's shares debuted on NSE and BSE at premiums of 55% and 50% respectively. The company's appeal stems from its robust technological foundation, leveraging a proprietary platform. It raised funds from anchor investors for growth and inorganic acquisitions. IPO opening witnessed strong interest. General Atlantic acquired a minority stake in TBO.
TBO Tek shares to debut on Wednesday. What GMP signals ahead of listing
The TBO Tek IPO was booked over 80 times at close on strong interest from non-institutional investors. Ahead of the IPO opening, the company raised nearly Rs 697 crore from anchor investors.
General Atlantic, TPG Capital, two other PEs in race for Altimetrik
Altimetrik has offices in over 20 locations, six of them in India, with more than 80% of its workforce based in the country. The company has a team of over 6,000 digital practitioners. It has a global client base engaged in the BFSI, fintech, automotive, manufacturing, retail, pharmaceutical and life science sectors. They include Citi, Morgan Stanley, Novartis, Sony, Schindler and Samsung. In India, the company has offices in Pune, Chennai, Bengaluru, Hyderabad, Jaipur and Gurgaon.
Atlantic hurricane season 2024 names, forecast, predictions: What we know so far?
Atlantic hurricane season is beginning and possible storms have been named by the authority concerned. When the winds hit 74 mph, it is categorized as hurricane.
2024 Atlantic hurricane names, state-wise prediction, forecast for season
2024 tropical cyclone impact probability is higher in Texas, Louisiana, Mississippi, Alabama, Georgia, Florida, South Carolina, North Carolina, Virginia, as per the report.
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