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TVS Supply Chain Solutions IPO to open on 10th August for Subscription-thumnail

TVS Supply Chain Solutions IPO to open on 10th August for Subscription

TVS Supply Chain Solutions Ltd, based in Chennai will soon begin its public subscription period from August 10th to 14th. The company aims to raise around Rs 600 crore through this initiative. Known for its handling of supply chains TVS Supply Chain intends to utilize the funds for repaying its debts. The company has demonstrated growth, in FY23 displaying trends, in both revenue and profit.

Business

Aug 4, 2023

Apple’s Q3-: Services sales revenue compensates again for iPhone sales dip-thumnail

Apple’s Q3-: Services sales revenue compensates again for iPhone sales dip

Apple’s Q3 earnings revealed a mixed performance with iPhone revenue dipping to $39.67B from $40.66B last year. However, a robust services sector surged from $19.6B to $21.2B YoY, surpassing predictions. CEO Tim Cook hailed the growth of paid subscriptions and emphasized the company’s commitment to values and innovation.

Business

Aug 4, 2023

As international travel rebounded, Airbnb forecasts upbeat revenue-thumnail

As international travel rebounded, Airbnb forecasts upbeat revenue

On Thursday, Airbnb gave a third-quarter revenue prediction that was higher than market expectations, but industry concerns about a slowing domestic market caused Airbnb’s shares to decline 1.2% in after-hours

Finance

Aug 4, 2023

GoStudents raises another $95 mn to double down on VR & Ai capabilities-thumnail

GoStudents raises another $95 mn to double down on VR & Ai capabilities

Go Student, a prominent ed-tech unicorn secures an impressive $95 million in a strategic funding round from investors including Deutsche Bank and Left Lane Capital.

Business

Aug 4, 2023

Australian Regulator Blocks ANZ Group’s A$4.9 Billion Acquisition of Suncorp’s Banking Arm-thumnail

Australian Regulator Blocks ANZ Group’s A$4.9 Billion Acquisition of Suncorp’s Banking Arm

The Australian Competition and Consumer Commission (ACCC) dealt a significant blow to ANZ Group’s plans to acquire Suncorp’s banking arm for A$4.9 billion.

News

Aug 4, 2023

Concord Biotech IPO opens for public subscription today; GMP at Rs. 325-thumnail

Concord Biotech IPO opens for public subscription today; GMP at Rs. 325

Concord Biotechs Initial Public Offering (IPO) will be available, for subscription from August 4 to 8. The IPO comprises 2.09 crore equity shares, which are being traded at a premium of Rs 325 per share in the Grey market.

News

Aug 4, 2023

IIM Ahmedabad’s CIIE.CO & SIDBI partners to establish a pre-seed fund for deep-tech start-ups-thumnail

IIM Ahmedabad’s CIIE.CO & SIDBI partners to establish a pre-seed fund for deep-tech start-ups

IIM Ahmedabad CIIE.CO and SIDBI have joined forces to establish a seed fund, for deep tech startups. With a corpus of ₹40 crore this collaboration by CIIE.CO known for its

Education

Aug 3, 2023

In July, Adani Ports reported a 7% YoY increase in cargo volumes; the CEO of Logistics resigned-thumnail

In July, Adani Ports reported a 7% YoY increase in cargo volumes; the CEO of Logistics resigned

The Adani Group company Adani Ports and Special Economic Zone Ltd. reported record cargo volumes of 34 MMT in July of this year, a 7% increase year over year (YoY).

Business

Aug 3, 2023

With a ₹1,200 crore investment, Temasek will be able to purchase up to 3% of Mahindra Electric-thumnail

With a ₹1,200 crore investment, Temasek will be able to purchase up to 3% of Mahindra Electric

Mahindra & Mahindra Ltd. (M&M) said that Temasek, a worldwide investment corporation, will invest ₹1,200 crore in Mahindra Electric Automobile Ltd. (MAEL), its subsidiary for electric vehicles.

Business

Aug 3, 2023

The government restricts the import of laptops, tablets, PCs, and Servers-thumnail

The government restricts the import of laptops, tablets, PCs, and Servers

The recent announcement, by the government restricts the import of laptops, tablets, and computers allowing imports. There are some exceptions though. Individuals can import one item through channels and for research and development purposes up to 20 items per shipment are allowed.

Business

Aug 3, 2023

SBFC Finance IPO opens for public subscription today-thumnail

SBFC Finance IPO opens for public subscription today

The anticipated initial public offering (IPO) of SBFC Finance will be open, for subscription from August 3 to 7.

Finance

Aug 3, 2023

Tenstorrent, an AI chip company, raises $100 million from Hyundai and Samsung in an effort to challenge Nvidia’s chip supremacy-thumnail

Tenstorrent, an AI chip company, raises $100 million from Hyundai and Samsung in an effort to challenge Nvidia’s chip supremacy

Tenstorrent, a Canadian firm, has received $100 million in financing from Hyundai, Samsung, and Kia to challenge Nvidia’s supremacy in AI chip supply.

Artificial Intelligence

Aug 3, 2023


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