The operator of the Bumble, Badoo, and Fruitz apps said that overall operating expenditures increased by more than 7% in the June quarter due to increased spending on product development and marketing.

Amazon is, among the tech giants that are investing in the IPO of Arm Ltd underscoring the significance of Arms computing capabilities. Amazon Web Services chip, known as Graviton is built on Arms design. Arm is aiming to secure funding in the range of $8 10 billion. Has set its sights on a debut on Nasdaq. The involvement of investors in Arm further strengthens customer relationships making its IPO more appealing as SoftBank Vision Fund works towards recovery efforts. With a pivot, towards high royalty data servers and PCs Arm is positioning itself for growth.

In September the Finance Ministry intends to seek offers, for the sale of HLL Lifecare after receiving approval from the Alternative Mechanism. Minister Bhagwat Kishanrao Karad has confirmed the decision to privatize despite appeals from stakeholders.

ESPN strikes a deal to license its brand for a sports betting app to Penn Entertainment

The assets of trucking company Yellow Corp (YELL.O) have drawn substantial interest and their sale may exceed the $1.4 billion in secured debt held by the business, Fox Business said on Tuesday.

On Monday, rating agency Moody’s cut the credit ratings of a number of American banks and issued a warning that it was examining the situation of some of the major lenders in the country.

Renesas Gadgets Organization a head provider of cutting-edge semiconductor arrangements, and Sequans Correspondences S.A. (NYSE: SQNS, Sequans), a forerunner in 5G/4G cell IoT chips and modules, today reported that the two organizations have gone into a reminder of understanding (the MoU).

Saudi Middle Eastern state oil monster Aramco revealed a close to 38% drop in second-quarter net benefit on Monday amid more fragile oil costs and more slender refining and synthetic substances edges, as it supported its profit with another exhibition-connected payout.

The $1 billion Green HVDC connection project, which will enable the provision of additional renewable Energy to the city and sustain its expanding energy demand, was successfully closed financially, according to a Monday announcement by Adani Energy Solutions.

Yatharth Hospital & Trauma Care Services made­ its debut on August 7th, with a slight 2% premium instead of the­ predicted 20% surge prompte­d by market sentiment.

An off-market transfer would be used to buy a 10.3% interest in Paytm from Antfin by a foreign company owned by Jai Shekhar Sharma.

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.