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Arya.ag bags $19.8 million from US International Development Finance Corporation

These funds will be utilised to connect farmers and FPOs with buyers across the country




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India’s H1 agriculture exports a tad lower at $12.13 billion on dip in cereal shipments

As per APEDA, the fall in non-basmati rice exports pulled down the overall cereal shipments by 8.35 per cent to $5.22 billion during April-September period from corresponding last year’s $5.69 billion




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India's IT spending to reach $160 bn in 2025: Report




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Housing.com to post $10 million revenue this year




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RIL arm to invest $16 million in US tech startup NetraDyne




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Swiggy cuts IPO valuation again, to $11.3 billion, BlackRock and CPPIB to invest: report

BlackRock and Canada Pension Plan Investment Board will invest in the $1.4 billion IPO, which will be the country’s second-biggest stock offering this year




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Swiggy likely to price $1.35 billion IPO at ₹371-390/share: report

Swiggy is expected to list its shares on November 13




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Finova Capital raises $135 million in Series E round led by Avataar Venture Partners, Sofina, others

Finova will use the funds to grow its loan book, invest in technology, expand geographically and further its vision of enabling financial inclusion at scale



  • Money & Banking

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FTX sues Binance, former CEO Zhao seeking $1.8 billion clawback

Binance, Zhao and other Binance executives received the funds as part of a July 2021 share repurchase deal with Bankman-Fried, the FTX co-founder who is now in prison




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What you need to know about China's $1.4 trillion debt package




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Starboard Value takes $1 billion stake in Pfizer in activist push

The activist has found that investors and research analysts are frustrated by the company’s sustained post-pandemic struggles




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US spends record $17.9 billion on military aid to Israel since October 7

At least 1,400 people in Lebanon, including Hezbollah fighters and civilians, have been killed since Israel greatly expanded its strikes in that country in late September




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Musk $1 million voter giveaway can proceed after lawsuit

Pennsylvania Judge Angelo Foglietta on Monday rejected a request to halt the contest by the DA, who called it an illegal lottery




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Voters sue Musk for fraud over $1 million election sweepstakes

A day after surviving a legal challenge in Pennsylvania, Musk’s daily sweepstakes was hit Tuesday with fresh claims in federal courts in Texas and Michigan




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India’s import of gold, silver from UAE rises 210% to $10.7 billion in 2023-24: GTRI

`Concessional customs duty under the India-UAE CEPA must be revised’




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India’s IT services market grew 6.1% in 2023, reaching a size of $14.5 bn: International Data Corporation

While IT investments showed a slower recovery compared to the previous year, digital transformation (DX) initiatives and IT environments would continue to drive market growth




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LTTS to acquire California firm Intelliswift for an aggregate consideration of $110 million

As per the filing, Intelliswift services four of the top five hyperscalers and caters to over 25 Fortune 500 companies including five of the top 10 ER&D spenders in Software and Technology




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India-European Free Trade Association deal | $100-billion investment target was breakthrough moment: Swiss official

EFTA negotiator cautions that actual investment can only come from European private sector, not guaranteed by governments, and hopes FTA will be ratified by 2024-end




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Tesla market value hits $1 trillion as Trump win fans optimism for Elon Musk’s companies

Musk’s companies are expected to get favourable treatment in the Trump regime, for the support he extended to the Trump campaign




$1

Bhanzu secures $16.5M Series B led by Epiq Capital; poised for US expansion

Bhanzu CEO: The U.S. math education market has significant potential, but it is dominated by large, billion-dollar companies that have not innovated their curricula or effectively embraced technology




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Wheelocity secures $15 million to transform e-commerce in semi-urban India 

Originally a B2B platform, Wheelocity has transitioned to a B2C model, now serving over 1 million households across 3,500 towns and villages




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Development lenders set $120 billion climate finance goal for poorer countries

The new figure is a more than 60% increase on what the group of 10 multilateral development banks (MDBs) had funnelled to poorer nations last year




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India’s IT spending set to hit $160 billion by 2025, fuelled by software and GenAI investments

Alongside, software spending in India is projected to record the highest annual growth rate, increasing by 17 per cent% in 2025




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Reliance Jio launches affordable phone platform, starting at $12

The platform offers low-cost internet-enabled devices, starting at ₹999, with the goal of providing affordable options for users to upgrade from feature phones.




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IPL’s business value rises to $16.4 billion in 2024, CSK most valuable franchise

The report highlights the league’s global appeal, strategic initiatives, and engagement with fans




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MPL parent M-League’s revenue rises 22% to $130 million in FY24

Gaming company also recorded FY24 adjusted EBITDA of $0.2 million




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M2 crypto exchange reveals security incident involving $13.7 million

M2 crypto exchange said there had been a “cybersecurity incident involving $13.7 million, which was swiftly responded to”




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South Korea fines Meta about $15 million over collection of user data

South Korea has ordered Facebook owner Meta Platforms to pay 21.62 billion won ($15.67 million) in fines after finding it had collected sensitive user data and given it to advertisers without a legal basis




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Bengaluru-based robotics startup CynLr raises $10 million

Back in 2022, the visual robotics platform had raised $4.5 million




$1

First artwork by humanoid robot sells for $1.3 million

A portrait of English mathematician Alan Turing became the first artwork by a humanoid robot to be sold at auction, fetching $1,320,000




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Amazon to invest $1.3 billion in Italy data centre business

Amazon's computing unit AWS on Thursday said it planned to invest 1.2 billion euros ($1.3 billion) in Italy over the next five years




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FTX sues Binance and its former CEO for $1.8 billion

FTX was one of the largest cryptocurrency firms in the world before it collapsed in late 2022




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Janssen to pay up to $1 billion for BeneVir




$1

NuMat raises $12.4 million to commercialize MOFs




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Ecovia Renewables raises $1 million, partners with Seppic




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Kronos Bio launches with $18 million




$1

Fly feed firm raises $105 million




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Broad could receive $125 million in sponsored research agreement with Editas




$1

Gene therapy start-up Freeline Therapeutics raises $116 million




$1

Dow Chemical wins $1 billion judgment against Nova Chemicals

An Alberta court agrees with Dow that Nova’s operation of an ethylene joint venture was self-serving




$1

Dow fined $1.7 million over perks for CEO Liveris




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Precision BioSciences raises $110 million for off-the-shelf CAR-T and gene-edited crops




$1

BASF considering $10 billion investment in China

The German giant may build a new “Verbund” site in Guangdong, China.




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BASF is considering a $10 billion investment in China

The German giant may build a new Verbund site in Guangdong, China




$1

Compass Therapeutics debuts with $132 million in funding




$1

Manus Bio raises $19 million to make plant ingredients via fermentation




$1

Shintech will spend $1.5 billion to cement role as largest vinyl producer

The Louisiana project will complement an ethylene cracker the Japanese company is building in the state




$1

DARPA announces first round of $1.5 billion grants to revitalize electronics industry




$1

Facebook owner Meta unveils $1,500 VR headset: Will it sell?

Meta has unveiled a high-end virtual reality headset on hopes that people would use it to work in the virtual reality place metaverse




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LG to add Axis to arrange $1.5 billion Mumbai listing

The South Korean company has selected the Indian bank as it moves forward with a share sale in Mumbai, the people said, asking not to be identified because the matter is private