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OpenAI Close to Finalising $40 Billion SoftBank-Led Funding
OpenAI is close to finalising a $40 billion (roughly Rs. 3,43,265 crore) funding round. SoftBank will be leading this investment.
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Binance Sells Minority Stake to Abu Dhabi’s MGX Sovereign Wealth Fund for $2 Billion
Abu Dhabi-based MGX wealth management fund has acquired an undisclosed stake in Binance for $2 billion (roughly Rs. 17,403 crore). According to Binance co-founder Changpeng Zhao, this marks the platform’s first institutional investment.
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Maruti Suzuki, Gurugram Authorities Join Hands To Implement Traffic Management System
The initiative to install an Integrated Traffic Management System will be funded by Maruti Suzuki's CSR.
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AAP's Bhopal Office Locked Over Unpaid Rent, Party Says 'Result Of Honesty'
AAP joint secretary Ramakant Patel said they manage the party affairs with local funds and the financial condition of their workers was not good.
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X User Orders From 'Fake Restaurant' On Zomato By Mistake, Company Takes Prompt Action
A fund manager flagged a "fake restaurant problem" he faced while ordering food through Zomato. The company took prompt action as per his complaint.
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US SEC Gives Initial Approval to Combined Bitcoin, Ether ETF
The Bitwise Bitcoin and Ethereum ETF from Bitwise Asset Management would seek to provide investors with a balanced exposure to the two digital assets, weighted by their market capitalisation. The US regulator in a filing approved the so-called form 19b-4, one step in the overall process that would allow the product to start trading.
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Liang Wenfeng: All About The Brain Behind DeepSeek
In 2021, Liang Wenfeng started buying thousands of Nvidia chips as part of an AI side project, then launched DeepSeek in 2023.
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Tether Backs Arcanum Capital’s Web3 Fund With $2 Million InvestmentÂ
Tether has poured in $2 million (roughly Rs. 17 crore) into Arcanum Capital’s Emerging Technologies Fund II. Arcanum is a Web3-focussed asset management company that provides funding to emerging projects related to blockchain, cryptocurrency, and other Web3 sectors.
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"Makes You Question...": Edelweiss' Radhika Gupta On Epigamia CEO Rohan Mirchandani's Untimely Death
Radhika Gupta, Edelweiss Mutual Fund Managing Director and Chief Executive Officer (CEO), has reacted to the death of Epigamia co-founder Rohan Mirchandani at 41.
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Chainalysis Acquires Web3 Security Firm Hexagate to Advance Strategic Growth Objectives
Blockchain data firm Chainalysis announced its acquisition of Hexagate this week. Hexagate specialises in providing comprehensive tools for Web3 security, including risk mitigation, forensic analysis, and compliance solutions. Its services support a range of prominent crypto firms, including Coinbase, Polygon, Uniswap, and Consensys, among others.
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Key Abu Dhabi Fund, Sri Lanka Port Authority, Tanzanian Government Reaffirm Support For Adani Group
Abu Dhabi's International Holding Company (IHC), one of the largest sovereign funds that manages assets close to $100 billion, has reaffirmed its support to the Adani Group, saying its outlook on investments in the group remains unchanged
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Trump Names Billionaire Hedge Fund Manager Scott Bessent As Treasury Chief
US President-elect Donald Trump on Friday named billionaire Scott Bessent as his Treasury secretary, choosing the hedge fund manager to help execute an agenda promising tax cuts and tariffs.
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Archegos Founder Jailed For 18 Years For Massive Fraud: Report
The founder of US investment firm Archegos, Bill Hwang, was jailed for 18 years on Wednesday for a multibillion-dollar fraud that contributed to the fund's 2021 implosion, US media reported.
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ISRO and IIT Madras Partner to Launch Research Centre to Tackle Spacecraft Thermal Challenges
ISRO and IIT Madras have launched a Centre of Excellence in Fluid and Thermal Sciences to tackle critical thermal management challenges in spacecraft and launch vehicles. This collaboration, backed by ₹1.84 crore funding, will enable advanced research, helping to improve spacecraft design reliability and longevity. The centre aims to address extr...
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UBS Completes Pilot Project for Blockchain Solution to Streamline Tokenised Fund Services
UBS asset management firm, Chainlink, and the Swift Network have completed a pilot of a blockchain solution to help financial institutions streamline services for tokenised assets. Swift confirmed the solution was developed under Project Guardian, overseen by the Monetary Authority of Singapore (MAS).
-
OpenAI Close to Finalising $40 Billion SoftBank-Led Funding
OpenAI is close to finalising a $40 billion (roughly Rs. 3,43,265 crore) funding round. SoftBank will be leading this investment.
-
Binance Sells Minority Stake to Abu Dhabi’s MGX Sovereign Wealth Fund for $2 Billion
Abu Dhabi-based MGX wealth management fund has acquired an undisclosed stake in Binance for $2 billion (roughly Rs. 17,403 crore). According to Binance co-founder Changpeng Zhao, this marks the platform’s first institutional investment.
-
Maruti Suzuki, Gurugram Authorities Join Hands To Implement Traffic Management System
The initiative to install an Integrated Traffic Management System will be funded by Maruti Suzuki's CSR.
-
AAP's Bhopal Office Locked Over Unpaid Rent, Party Says 'Result Of Honesty'
AAP joint secretary Ramakant Patel said they manage the party affairs with local funds and the financial condition of their workers was not good.
-
X User Orders From 'Fake Restaurant' On Zomato By Mistake, Company Takes Prompt Action
A fund manager flagged a "fake restaurant problem" he faced while ordering food through Zomato. The company took prompt action as per his complaint.
-
US SEC Gives Initial Approval to Combined Bitcoin, Ether ETF
The Bitwise Bitcoin and Ethereum ETF from Bitwise Asset Management would seek to provide investors with a balanced exposure to the two digital assets, weighted by their market capitalisation. The US regulator in a filing approved the so-called form 19b-4, one step in the overall process that would allow the product to start trading.
-
Liang Wenfeng: All About The Brain Behind DeepSeek
In 2021, Liang Wenfeng started buying thousands of Nvidia chips as part of an AI side project, then launched DeepSeek in 2023.
-
Tether Backs Arcanum Capital’s Web3 Fund With $2 Million InvestmentÂ
Tether has poured in $2 million (roughly Rs. 17 crore) into Arcanum Capital’s Emerging Technologies Fund II. Arcanum is a Web3-focussed asset management company that provides funding to emerging projects related to blockchain, cryptocurrency, and other Web3 sectors.
-
"Makes You Question...": Edelweiss' Radhika Gupta On Epigamia CEO Rohan Mirchandani's Untimely Death
Radhika Gupta, Edelweiss Mutual Fund Managing Director and Chief Executive Officer (CEO), has reacted to the death of Epigamia co-founder Rohan Mirchandani at 41.
-
Chainalysis Acquires Web3 Security Firm Hexagate to Advance Strategic Growth Objectives
Blockchain data firm Chainalysis announced its acquisition of Hexagate this week. Hexagate specialises in providing comprehensive tools for Web3 security, including risk mitigation, forensic analysis, and compliance solutions. Its services support a range of prominent crypto firms, including Coinbase, Polygon, Uniswap, and Consensys, among others.
-
Key Abu Dhabi Fund, Sri Lanka Port Authority, Tanzanian Government Reaffirm Support For Adani Group
Abu Dhabi's International Holding Company (IHC), one of the largest sovereign funds that manages assets close to $100 billion, has reaffirmed its support to the Adani Group, saying its outlook on investments in the group remains unchanged
-
Trump Names Billionaire Hedge Fund Manager Scott Bessent As Treasury Chief
US President-elect Donald Trump on Friday named billionaire Scott Bessent as his Treasury secretary, choosing the hedge fund manager to help execute an agenda promising tax cuts and tariffs.
-
Archegos Founder Jailed For 18 Years For Massive Fraud: Report
The founder of US investment firm Archegos, Bill Hwang, was jailed for 18 years on Wednesday for a multibillion-dollar fraud that contributed to the fund's 2021 implosion, US media reported.
-
ISRO and IIT Madras Partner to Launch Research Centre to Tackle Spacecraft Thermal Challenges
ISRO and IIT Madras have launched a Centre of Excellence in Fluid and Thermal Sciences to tackle critical thermal management challenges in spacecraft and launch vehicles. This collaboration, backed by ₹1.84 crore funding, will enable advanced research, helping to improve spacecraft design reliability and longevity. The centre aims to address extr...
-
UBS Completes Pilot Project for Blockchain Solution to Streamline Tokenised Fund Services
UBS asset management firm, Chainlink, and the Swift Network have completed a pilot of a blockchain solution to help financial institutions streamline services for tokenised assets. Swift confirmed the solution was developed under Project Guardian, overseen by the Monetary Authority of Singapore (MAS).
