MILLION
Meet Ion Tiriac, the billionaire sportsman worth four times more than Cristiano Ronaldo
A little-known Romanian tennis player-cum-billionaire Ion Tiriac who also represented his country in ice hockey is worth four times more than former Real Madrid star and Portugal's ace striker Cristiano Ronaldo. This piece of information has created a frenzy among fans of both tennis and football, who are now intensely discussing about this billionaire personality.
Samvardhana Motherson raises $350 million via bonds
The bonds were sold by a subsidiary, SMRC Automotive Holdings Netherlands, and are priced at 140 basis points above the five-year US treasury, currently trading at about 4.30%. After taking into account the costs, the bond was priced at a yield of 5.72%.
Mega Millions jackpot rises to $97 million: When is the next drawing, where to buy tickets, how to play
The Mega Millions jackpot has again risen to a sky-high $97 million after no one claimed the Friday jackpot. This year saw two Mega Millions winner, with the latest one being a player from Illinois who won $552 million, earlier this month. Here's some more updates around playing Mega Millions, purchasing a lottery ticket, and much more.
A third of the 30 fastest growing spirits brands in the world are Indian, says new report
While Iconiq White Whisky by Allied Blenders and Distillers sold 1.6 million cases in 2023 to top the list, it's not just whisky brands that are performing well. Three brandy brands - Courier Napoleon and Mansion House brandy by Tilaknagar Industries, Radico Khaitan's brandy Morpheus, vodka brand Magic Moments and rum 1965 – are from India, indicating that spirits trends are diverse.
Adidas investigates bribery allegations in China
"Adidas takes allegations of possible compliance violations very seriously and is clearly committed to complying with legal and internal regulations and ethical standards in all markets where we operate," it said in a statement issued in response to a Reuters query. Adidas said it could not provide further information until the investigation was completed. According to the FT, the letter alleges that Adidas staff received kickbacks from external service providers who were commissioned by the company that include "millions in cash from suppliers, and physical items such as real estate".
Amazon pledges $230 million to boost generative AI startups
Cloud computing giant Amazon Web Services on Thursday announced a $230 million commitment aimed at accelerating the development of generative artificial intelligence applications by startups worldwide. The training of generative AI models behind apps such as ChatGPT requires an immense amount computing power that quickly depletes the cash reserves of startups.
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PlayDoge meme coin soars past $3.5M in presale as retro P2E game ignites buying frenzy
PlayDoge (PLAY) has raised over $3M in just two weeks for its play-to-earn game, combining the '90s Tamagotchi craze with the modern Doge phenomenon.
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.
Video of Facebook tycoon Mark Zuckerberg's $300m superyacht viral, all you need to know
Imagine being gifted a multimillion-dollar superyacht for your birthday. Amazing, isn't it? For Zuckerberg, it looks like a regular ordeal, as his latest birthday gift has become a social media sensation after being spotted in Majorca marina.
‘Kerala Story’ actress Adah Sharma reveals she has endometriosis; 42 mn Indian women live with this painful condition
Actress Adah Sharma recently shared details about a challenging health diagnosis. The 'Kerala Story' star revealed she is suffering from endometriosis. In an interview with the Hindustan Times, she mentioned that fluctuating between being thin and plump for different roles might have contributed to her diagnosis.
Berkshire buys additional 2.57 mln shares in Occidental Petroleum, shows filing
Warren Buffett's Berkshire Hathaway ups Occidental Petroleum stake, acquiring 2.57 million shares in early June, now owning around 250.6 million shares. Berkshire's investment surpasses $150 million. Previous ventures include joint lithium extraction project in California.
‘Deadpool &Wolverine’ all set to breach $800 million mark at box office collection
The upcoming movie ‘Deadpool &Wolverine’ is all set to breach the $800million mark of any MCU movie. It is expected to be released on July 26.
He won jackpot of $2.9 million, yet to claim prize money. What will happen to this money?
A mystery buyer is set to lose out on an eye-catching $2.9 million takeaway since the person has not come forward to claim the prize yet. If the winner does not submit a claim, the money goes to public schools in California.
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%.
SaaS startup Testsigma raises $8.2 million led by MassMutual Ventures
Existing investors Accel, Strive and BoldCap also participated in the round, Testsigma said on Wednesday. The company had previously raised $4.6 million in 2022.
Mega millions drawing winner: Illinois player bags jackpot worth whopping $560 million. Check how much he will get
Mega millions jackpot winner have emerged after the cycle of three times. The player is from Illinois.
SpiceJet plans to raise USD 250 mn in next couple of months: Airline Chief Ajay Singh
SpiceJet Chief Ajay Singh announced plans to raise around USD 250 million in the next few months to boost operations amid challenges such as lessor and debt issues. Singh expressed confidence in overcoming obstacles, stating the airline's balance sheet will be strengthened over the next two quarters. Despite current challenges, SpiceJet aims for growth and stability, with plans to expand its own fleet while emphasizing the importance of aviation hubs in India.
Indian Railways registers highest ever freight loading in May 2024
An official statement said the national transporter carried 139.16 million tonnes (MT) of freight in May 2024. This is 3.6% higher than 134.16 MT loading achieved in May 2023. An official statement said, Rs 15,230.90 crore freight revenue was clocked during May 2024, up from Rs 14,641.83 crore in the same month of fiscal 2023-24.
Continuum energy to raise $650 m via bonds
Continuum Green Energy, a renewable energy generator, plans to raise $650 million in bonds to refinance existing debt, with Deutsche Bank, HSBC, JPMorgan, and Standard Chartered Bank as arrangers.
Lenskart $200M secondary deal; Baron bumps up Swiggy’s valuation
Singapore's Temasek and US-based Fidelity have invested $200 million in Lenskart through a secondary share sale. This and more in today’s ETtech Top 5.
NMDC's iron ore output falls 37% in May; sales down 22 pc
India's largest iron ore miner, NMDC, reported a 37% decrease in production in May 2024, with monthly sales declining by 22%. The company's cumulative iron ore output fell to 5.82 MnT in April-May 2024, from 7.22 MnT in the year-ago period. NMDC has increased the prices of lump ore and fines, catering to around 20% of India's steel-making demand.
ETtech Deals Digest: Startup funding in May rises 62% on year to $817 million
New-age startups raised $817.2 million in May 2024, up 62% from last year, with top investor Venture Catalysts leading funding rounds for startups like Zypp Electric.
French flight simulator provider Simaero to invest USD 100 mn in India
The construction of its training facility is underway in the national capital and is expected to be completed by the fourth quarter of 2024. The facility, which will be spread over 4,500 square metres, will feature eight full-flight simulators for A320 neo and B737NG aircraft types.
'Million Dollar Secret': Win a million dollars and protect it, episodes, where to watch and more
The new series will see 12 participants vying for the million dollars. The individual winning it will also have to protect and ensure that it stays away from other participants who will be vying for it.
Delhi HC asks SpiceJet to pay $4.8 mn to engine lessors in four instalments
Indian carrier SpiceJet has been directed by the Delhi High Court to pay $4.8 million in four instalments as an interim arrangement to continue using their three leased engines. If the payment is not made, SpiceJet will be liable to ground and return the engines within 15 days.
ChrysCapital sets sights on pharma buyout deals
ChrysCapital, led by MD Kshitij Sheth, aims to acquire Indian companies in the formulation business with potential valuations of $200 million-$500 million, focusing on growth and eventual public listings.
Officials of India, Maldives hold review meeting, take stock of Indian grant-funded community development projects
Indian High Commissioner to the Maldives Munu Mahawar and Maldivian Ambassador Ahmed Naseer co-chaired a meeting to review Indian-funded community development projects in the Maldives. They assessed 65 projects valued at MVR 360 million. Additionally, India extended a USD 50 million Treasury Bill at the Maldives' request, showing the strong bilateral relationship. Maldivian Foreign Minister Moosa Zameer thanked India for the support, emphasizing the countries' enduring friendship.
US sends $275 mn of weapons and military aid to Ukraine
Last month, US lawmakers passed a long-delayed $61 billion military aid deal for Kyiv after months of squabbling in Congress as Ukrainian forces suffered setbacks on the battlefield due to ammunition and funding shortages.
Poco plans to sell 10 million smartphones in 2 years, aims to be among top-5 brands from third year
At the event Poco unveiled three variants of Poco F6 priced at Rs 25,999 with 8 GB RAM and 256 GB ROM storage for files, photos etc, Rs 27,999 for 12 GB RAM and 256 GB ROM variant, and Rs 29,999 for the model with 12 GB RAM and 512 GB ROM.
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