Neuralink, the start-up of billionaire entrepreneur Elon Musk, raised $ 205 million in a funding round led by Dubai-based venture capital firm Vy Capital, with participation from Alphabet’s Google Ventures Inc, the company announced Thursday. Neuralink aims to implant wireless brain computer chips to help cure neurological diseases, including Alzheimer’s disease, dementia and spinal cord […]
Market regulator Sebi fined Karvy Financial Services Ltd Rs 10 lakh for delaying the public announcement to acquire shares of Regaliaa Reality Ltd. “… by failing to make the mandatory public announcement within the allotted time, the notified has violated the legal requirements of the law and, therefore, the notified must be penalized for the […]
Toyota Kirloskar Motor announced Thursday to increase the price of its flagship “Toyota Innova Crysta” SUV by up to 2% from August 1, 2021, due to the substantial increase in input costs. Toyota Kirloskar Motor, in a statement, said: “We would like to announce that the company will realign the price of its flagship ‘Toyota […]
UTI Asset Management Company announced a 53% increase in its profit after tax (PAT) to Rs 155.03 crore during the June 2021 quarter. In comparison, the company had posted a PAT of Rs 101.36 crore during from the same quarter of the previous fiscal year, UTI AMC said in a regulatory filing. The company reported […]
NSO Group, the cybersecurity company behind the Pegasus spyware, confirmed on Thursday that Israeli administration officials inspected its offices. The firm said it was working in “full transparency” with Israeli officials looking into the Pegasus espionage case. “We can confirm that representatives of the Israeli Defense Ministry visited our offices. We welcome their inspection. The […]
JSW Energy Limited’s subsidiary JSW Future Energy Limited has entered into a framework agreement with Australian Fortescue Future Industries Pty Ltd to collaborate and conduct scoping work on potential projects related to green hydrogen production and other activities related. The collaboration will allow both sides to explore opportunities to exploit the significant clean energy market […]
India’s gold demand is expected to recover in the second half of 2021, falling 35% below the five-year pre-pandemic average in the first half of the year, as festivals and weddings are expected to boost retail purchases in the fourth quarter, according to the World Gold Council (WGC) said Thursday. Higher demand from the world’s […]
Food giant Nestlé has raised its forecast for organic growth for the full year to 5-6% after strong demand for coffee boosted organic sales 8.1% better than expected in the previous month. first semester of the year. Food groups grapple with soaring commodity costs hitting margins, but Nestlé, with well-known brands like Nescafé Coffee or […]
Jared Kushner, a top advisor to former President Donald Trump, plans to launch an investment firm in the coming months, a move that will take him away from politics for the foreseeable future, sources said on Wednesday close to the plan. Kushner, the former chief executive of Kushner Companies, who served as the Republican president’s […]
Digital payments grew 30.19% in the fiscal year ended March 2021, reflecting the adoption and deepening of cashless transactions in the country, according to RBI data. According to the New Digital Payments Index (RBI-DPI), the index rose to 270.59 at the end of March 2021, from 207.84 a year ago. “The RBI-DPI Index has demonstrated […]
