TWIN VENTURES
Brad Pitt & Angelina Jolie's daughter Shiloh moves court to get rid of her father's surname
The third-eldest of the former couple's six children was born in Swakopmund, Namibia, on May 27, 2006. The siblings also include Maddox, Pax, Zahara and twins Knox and Vivienne.
Mixed reality content platform Flam raises Rs 38 crore in funding
Mixed reality (MR) content publishing platform Flam will use the fresh capital to expand its MR platform footprint into new countries in North America, Europe and the Middle East and North Africa.
Sacred Games: How Indian mythology is taking over gaming consoles
Indian gaming enthusiasts now have access to games rooted in Indian history and culture, like managing the Ayodhya Ram Temple's functioning and building the Vande Bharat Express. Players can immerse themselves in the world of the legendary Tamil emperor Rajendra Chola and experience high-speed chases and stealth attacks.
Apple cofounder Wozniak's space startup Privateer buys Orbital Insight, raises $56.5 million
Privateer, founded in 2021 to help satellite operators navigate in Earth's increasingly crowded orbit, closed its Series A funding round in April, led by space-focused venture capital firm Aero X Ventures with other investors including Luxe Capital, Boca, Starburst, and the Winklevoss twins. The news is expected to be announced later on Monday.
Future of manufacturing is phygital as human-robot collaboration rises: Twyn’s Avi Dahiya
As manufacturing in India is quickly adapting new-age technologies, a Noida-based company is working to accelerate the adoption of Industry 4.0 in India.
Elon Musk gets snapped for the 1st time with twins Strider & Azure, pics go viral on X
The twins were born in November 2021, weeks before Musk and Canadian songstress Grimes welcomed their second child via surrogacy.
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Bad bank’s twin structure now seen as a bad asset
Under the twin structure, National Asset Reconstruction Company Ltd (NARCL) — the state-backed bad bank — acquires and aggregates bad loans from lenders while another organisation, India Debt Resolution Company Ltd (IDRCL), acting parallelly as a private sector entity, focuses on resolution of the non-performing assets for enhancing the value of the loans and finding a better suitor for the troubled borrowing company.
Vedanta to foray into semiconductor manufacturing this year: Anil Agarwal
Foxconn and Vedanta had in February 2022 announced a $19.5-billion venture to manufacture chips and display panels in India, making it one of the first few participants in the government’s strategically crucial India Semiconductor Mission.
At $100 billion-plus valuation, Reliance Retail bigger than FMCG giants ITC, HUL
Calculations done by global brokerage firm JPMorgan sees Reliance Retail’s enterprise value at $112 billion and implied equity value at $102 billion. UBS has valued it at $110 billion, Bernstein at $111 billion while domestic brokerage JM Financial's estimate is at $105 billion.
Vedanta Group to acquire semiconductor and display units from sister concern Twin Star
The Vedanta Group, led by Anil Agarwal, is to purchase a 100% stake in semiconductor and display units from Twin Star Technologies, which is a wholly-owned subsidiary of Vedanta. The purchase will make Vedanta India's first integrated semiconductor and display fab business, according to a regulatory filing. The transaction will be completed in the current quarter, and the company believes that the semiconductor and display glass market presents a significant growth opportunity for India.
Here is how Trainman app will power Adani's new venture
With Trainman, the travel ecosystem on Adani One becomes more comprehensive and equipped to onboard and serve travellers from various segments
He went after crypto companies, then someone came after him
If crypto was the Wild West of finance, Roche had announced himself as the new sheriff. But sheriffs, as he would soon learn, make enemies.
Review audit of Videocon hints at questionable accounting entries by promoters
For the financial year that ended March 31, 2022, the company has reported a total standalone income from operation at Rs 755.72 crore and a net loss of Rs 6,111.4 crore. Its revenue from Consumer Electronics & Home Appliances, mainly rental income from assets was at Rs 51.51 crore and Rs 741.34 crore from oil & natural gas. The resolution professional has assumed control of Videocon Industries from September 27, 2019.
BPCL agrees to match Brazilian companies' bids for two VOVL Oil assets
BPCL's subsidiary BPRL Ventures BV had entered into a 50:50 joint venture with Videocon's subsidiary Videocon Energy Brazil for oil and gas exploration in the South American country. As a JV partner, it has the first right to match any offer that lenders receive for VOVL oil basins as per the contractual arrangements governed by Brazilian law.
Momentum Pick: Firing on twin cylinders, Carborundum Universal may see 18% upside
Carborundum Universal, a capital goods manufacturer, is in a strong uptrend on all time frames, forming higher tops and bottoms, according to Axis Securities' Rajesh Palviya. The stock, which closed at INR1,140 ($15.20), is well placed above its SMAs and rising on all time frames, with support around the INR1,050-1,030 level. The company’s 1-year returns of over 56% have outperformed the Nifty50 on Trendlyne data, while Sharekhan maintains a ‘Buy’ rating on Carborundum Universal due to its good balance sheet, improving earnings outlook, and impressive FY2023 performance.
Alternative Investment Funds: Understand the nuances, before they become mainstream
Alternative Investment Funds (AIFs), based on the objective of optimising returns of sophisticated investors, has carved a niche as a distinct asset class. A well diversified portfolio, greater flexibility and low correlation with the stock & bond markets help reduce volatility and provide an attractive alternative investment option to look at. However, due to complex investing strategies, higher fee structure, illiquidity and lack of information; there is still a long way to go for it. Sebi is trying to level the playing field with its latest ruling on AIFs by providing a direct plan option to investors.
AI startup Unlearn raises $15 million in funding, adds OpenAI CTO Mira Murati to board
Mira Murati, chief technology officer at Microsoft-backed OpenAI, is joining the startup's board.
NARCL plans improved Rs 1,200-cr offer for Videocon Oil and Ventures
Lenders rejected NARCL's ₹860-crore offer in mid-November because it was very low. At a meeting in December between the lenders and NARCL, lead bank State Bank of India had asked NARCL to make an improved offer. NARCL did not respond to ET's queries.
Stocks in the news: Yes Bank, Ultratech, Axis Bank, Paytm, Bank of Baroda and HDFC twins
Yes Bank said private equity majors Carlyle Group and Advent have picked up 9.99 per cent stake in the bank. The two private equity funds together would pump in about Rs 8,896 crore in the lender.
Crypto broker Genesis owes Gemini's customers $900 million: report
Crypto exchange Gemini is trying to recover the funds after Genesis was wrongfooted by last month's failure of Sam Bankman-Fried's FTX crypto group
Agritech startup DeHaat raises $60 million in Series E round co-led by Sofina, Temasek
Sofina Ventures and Temasek co-led the Series E funding, with other existing investors RTP Global Partners, Prosus Ventures and Lightrock India also participating in the round.
From 'Guru' to Isha Ambani's babies, the twin connection in India's second richest family
The Reliance Retail director became a mother to fraternal twins - a boy and a girl.
Isha Ambani, husband Anand Piramal become parents to twins
Isha Ambani-Piramal and Anand Piramal on Sunday announced that the couple have been blessed with a set of twins on Saturday, November 19, news agency IANS reported. They are - a baby girl named Aadiya and her twin brother Krishna. Both the infant siblings are doing well, said the two elated families, rejoicing over the happy development.
Legal tech startup Oddr raises $2 million in funding led by Saama Capital, Twin Ventures
The funds raised will be used to build Oddr’s flagship product – an AI-powered invoice-to-cash platform – for professional services (law firms, accounting firms, consulting firms & financial services firms).
ONGC Videsh, Prudent ARC make binding offers for Venugopal Dhoot's VOVL
Lenders led by the State Bank of India are hoping to recover at least one-third of loans or ₹9,000 crore-₹10,000 crore given to VOVL, earlier known as Videocon Oil Ventures. The resolution professional Pravin Navandar has admitted ₹30,640 crore claims from financial creditors. VOVL has about ₹1,800 crore-₹2,000 crore as cash balance.
Stocks in the news: LIC, RJ stocks, HDFC Twins, Max Health, Grasim and pharma stocks
The ace investor Rakesh Jhunjhunwala passed away on Sunday and 32 stocks from his portfolio, including Aptech, Star Health, Metro Brand, NCC, Nazara Tech and more, are likely to remain at focus of the investors.
Stocks in the news: LIC, Tata Steel, Vedanta, Adani Enterprises and HDFC Twins
The largest private lender HDFC Bank said it has got banking sector regulator RBI's nod for the merger proposal of its parent HDFC with itself. It is touted as the biggest transaction in India's corporate history.
Stocks in the news: NTPC, D-Mart, JSW Steel, HDFC twins and auto stocks
The proposal of merger of HDFC with its banking subsidiary HDFC Bank, the biggest transaction in India's corporate history, has got approval from stock exchanges.
Twixor raises $2.4M from Season Two Ventures, Axilor Ventures and The Chennai Angels in Series A Round
The intuitive solutions CX platform for intent-driven and micro-engagement solutions is planning an aggressive scale-up
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