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Dubai's MBS Global Investments to Build $9 Billion Financial Hub in the Maldives: Report
Dubai-based MBS crypto exchange is set to allocate $8.8 billion (roughly Rs. 74,164 crore) over a period of five years to grow the Web3 ecosystem in Maldives. The creation of the "Maldives International Financial Centre" is the focus point of Maldives' crypto-related masterplan, Financial Times claimed in its report.
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Pokemon Go Owner Niantic Sells Gaming Business to Saudi Group for $3.5 Billion
Scopely has agreed to buy Niantic’s gaming business. The Niantic games business generated more than $1 billion (roughly Rs. 8,702 crore) in revenue from 30 million monthly active users last year, Scopely said.
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Meta Warns of Worsening AI Losses After Sales Narrowly Beat
Meta CEO Mark Zuckerberg said the company will ramp up heavy investments in AI and other futuristic technologies. The Meta executive has warned investors that the firm will continue to spend significantly on infrastructure and other projects like the metaverse and AI-powered glasses.
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Monthly SIP Investments Cross Rs 24,000 Crore For 1st Time In India: Report
Monthly systematic investment plan (SIP) numbers in India surged to Rs 24,508.73 crore in the month of September, up from Rs 23,547.34 crore in August, which is a 4 per cent increase, the Association of Mutual Funds in India (AMFI) data showed.
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SoftBank to Invest $500 Million in OpenAI: Report
OpenAI's latest funding round has attracted Japanese telecom company SoftBank's Vision Fund, that will invest $500 million (roughly Rs. 4,190 crore) in the AI firm. The deal represents SoftBank's first investment in the Sam Altman-led firm.
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CoinSwitch Launches New Service for High Networth Individuals Owing to User Demands: Details
Indian exchange CoinSwitch has announced a new service that's been designed to cater to high networth individuals (HNIs). In conversation with Gadgets360, CoinSwitch’s Business Head, Balaji Srihari said that the recent approval of crypto exchange traded funds (ETFs) in the US has sparked institutional interest in crypto investments.
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Adani Energy Raises $1 Billion, Gets Bids From US Investors, Sovereign Wealth Funds
Adani Energy Solutions raised $1 billion through a share sale, which got bids from US investors and sovereign wealth funds, the power distribution company said on Monday.
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Kotak Bank Falls On Allegation It Set Up Fund To Short Sell Adani Enterprises
Shares of Kotak Mahindra Bank Ltd. fell on Tuesday after short-seller Hindenburg Research, in its response, alleged that Kotak Mahindra Investment Ltd. had created and oversaw an offshore fund structure to bet against Adani Enterprises Ltd.
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How To Make Rs 1 Crore By Investing In PPF
The Public Provident Fund (PPF) stands out as a robust and reliable investment option for individuals seeking tax-saving avenues coupled with long-term financial security.
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Azim Premji's Company Bets On AI To Prop $10 Billion Fund
PremjiInvest, the largest Indian family office that manages over $10 billion for software tycoon Azim Premji, will invest more money into artificial intelligence companies while fine-tuning its proprietary AI investment tools.
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Interim Budget 2024: India's Interim Budget Focuses On Green Economy, Climate Investments
Interim Budget 2024: In an effort to achieve net-zero carbon emissions, India will solarise rooftops of one crore households and provide viability gap funding for harnessing offshore wind energy potential with an initial capacity of one gigawatt
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Interim Budget 2024: In Interim Budget, Funds For Lakshadweep Amid India-Maldives Row
The government will invest significantly in the tourism sector in the country, Finance Minister Nirmala Sitharaman said in her interim Budget 2024 speech today.
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Ericsson Sued by 37 Shareholders for $170 Million: Report
Thirty-seven Ericsson shareholders are suing the Swedish telecoms company for a combined SEK 1.8 billion (roughly Rs. 1,405 crore), saying its CEO's disclosure of activities in Iraq depressed the stock, business daily Dagens Industri reported. The shareholders, including several investment firms and pension funds, have filed separate lawsuits.
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'Stable Investment Climate': Canadian Pension Funds Look To Invest In India
Canadian pensions funds would be keen to explore investing in infrastructure funds in India as the country offers a stable investment climate, Finance Minister Chrystia Freeland said on Sunday, according to an Indian government statement.
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India Overtakes China As Most Attractive Market For Investing: Report
India has overtaken China as the most attractive emerging market for investing for sovereign wealth funds in 2023 due to its solid demographics, political stability and proactive regulation, a report said today.
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Dubai's MBS Global Investments to Build $9 Billion Financial Hub in the Maldives: Report
Dubai-based MBS crypto exchange is set to allocate $8.8 billion (roughly Rs. 74,164 crore) over a period of five years to grow the Web3 ecosystem in Maldives. The creation of the "Maldives International Financial Centre" is the focus point of Maldives' crypto-related masterplan, Financial Times claimed in its report.
-
Pokemon Go Owner Niantic Sells Gaming Business to Saudi Group for $3.5 Billion
Scopely has agreed to buy Niantic’s gaming business. The Niantic games business generated more than $1 billion (roughly Rs. 8,702 crore) in revenue from 30 million monthly active users last year, Scopely said.
-
Meta Warns of Worsening AI Losses After Sales Narrowly Beat
Meta CEO Mark Zuckerberg said the company will ramp up heavy investments in AI and other futuristic technologies. The Meta executive has warned investors that the firm will continue to spend significantly on infrastructure and other projects like the metaverse and AI-powered glasses.
-
Monthly SIP Investments Cross Rs 24,000 Crore For 1st Time In India: Report
Monthly systematic investment plan (SIP) numbers in India surged to Rs 24,508.73 crore in the month of September, up from Rs 23,547.34 crore in August, which is a 4 per cent increase, the Association of Mutual Funds in India (AMFI) data showed.
-
SoftBank to Invest $500 Million in OpenAI: Report
OpenAI's latest funding round has attracted Japanese telecom company SoftBank's Vision Fund, that will invest $500 million (roughly Rs. 4,190 crore) in the AI firm. The deal represents SoftBank's first investment in the Sam Altman-led firm.
-
CoinSwitch Launches New Service for High Networth Individuals Owing to User Demands: Details
Indian exchange CoinSwitch has announced a new service that's been designed to cater to high networth individuals (HNIs). In conversation with Gadgets360, CoinSwitch’s Business Head, Balaji Srihari said that the recent approval of crypto exchange traded funds (ETFs) in the US has sparked institutional interest in crypto investments.
-
Adani Energy Raises $1 Billion, Gets Bids From US Investors, Sovereign Wealth Funds
Adani Energy Solutions raised $1 billion through a share sale, which got bids from US investors and sovereign wealth funds, the power distribution company said on Monday.
-
Kotak Bank Falls On Allegation It Set Up Fund To Short Sell Adani Enterprises
Shares of Kotak Mahindra Bank Ltd. fell on Tuesday after short-seller Hindenburg Research, in its response, alleged that Kotak Mahindra Investment Ltd. had created and oversaw an offshore fund structure to bet against Adani Enterprises Ltd.
-
How To Make Rs 1 Crore By Investing In PPF
The Public Provident Fund (PPF) stands out as a robust and reliable investment option for individuals seeking tax-saving avenues coupled with long-term financial security.
-
Azim Premji's Company Bets On AI To Prop $10 Billion Fund
PremjiInvest, the largest Indian family office that manages over $10 billion for software tycoon Azim Premji, will invest more money into artificial intelligence companies while fine-tuning its proprietary AI investment tools.
-
Interim Budget 2024: India's Interim Budget Focuses On Green Economy, Climate Investments
Interim Budget 2024: In an effort to achieve net-zero carbon emissions, India will solarise rooftops of one crore households and provide viability gap funding for harnessing offshore wind energy potential with an initial capacity of one gigawatt
-
Interim Budget 2024: In Interim Budget, Funds For Lakshadweep Amid India-Maldives Row
The government will invest significantly in the tourism sector in the country, Finance Minister Nirmala Sitharaman said in her interim Budget 2024 speech today.
-
Ericsson Sued by 37 Shareholders for $170 Million: Report
Thirty-seven Ericsson shareholders are suing the Swedish telecoms company for a combined SEK 1.8 billion (roughly Rs. 1,405 crore), saying its CEO's disclosure of activities in Iraq depressed the stock, business daily Dagens Industri reported. The shareholders, including several investment firms and pension funds, have filed separate lawsuits.
-
'Stable Investment Climate': Canadian Pension Funds Look To Invest In India
Canadian pensions funds would be keen to explore investing in infrastructure funds in India as the country offers a stable investment climate, Finance Minister Chrystia Freeland said on Sunday, according to an Indian government statement.
-
India Overtakes China As Most Attractive Market For Investing: Report
India has overtaken China as the most attractive emerging market for investing for sovereign wealth funds in 2023 due to its solid demographics, political stability and proactive regulation, a report said today.
