Articles for category: Business

Market News

Hezbollah launches 140 rockets at northern Israel, escalating tensions after recent Israeli strikes on southern Lebanon.

Hezbollah launches 140 rockets at northern Israel, escalating tensions after recent Israeli strikes on southern Lebanon.

Hezbollah launched a significant attack on northern Israel, firing 140 rockets in retaliation for an Israeli bombing that targeted southern Lebanon. This assault marked a drastic escalation in the ongoing conflict, with Israel’s military confirming that the rockets hit various sites along the Lebanon-Israel border. Hezbollah stated they aimed at several locations, including air defense ...

Market News

PhysicsWallah secures 0M funding, soaring to a .8 billion valuation, igniting hope in India’s struggling edtech landscape.

PhysicsWallah secures $210M funding, soaring to a $2.8 billion valuation, igniting hope in India’s struggling edtech landscape.

PhysicsWallah, the renowned edtech unicorn founded by Alakh Pandey, has successfully raised $210 million in a recent funding round led by Hornbill Capital. This investment boosts the company’s valuation to an impressive $2.8 billion, a 2.5 times increase from its previous valuation of $1.1 billion. The latest funding comes at a challenging time for the ...

Market News

Amidst slowing bank funding, Aye Finance secures  million to empower micro-enterprises, bolstering their mission to drive financial inclusion.

Amidst slowing bank funding, Aye Finance secures $30 million to empower micro-enterprises, bolstering their mission to drive financial inclusion.

Aye Finance, a non-banking financial company based in Gurugram, has successfully raised $30 million in a Series G funding round led by ABC Impact, which is backed by Temasek. This funding comes just eight months after Aye Finance secured $37 million in its Series F round, bringing its total funding to $164 million since 2014. ...

Market News

BSNL defied industry trends, gaining 2.9 million subscribers in July amid rivals’ tariff hikes, marking a dramatic turnaround.

BSNL defied industry trends, gaining 2.9 million subscribers in July amid rivals’ tariff hikes, marking a dramatic turnaround.

In July, state-owned telecom company BSNL experienced a significant turnaround, adding 2.9 million subscribers after private rivals increased their tariffs. This surge came after BSNL had lost 0.74 million users in June. Major players like Reliance Jio, Bharti Airtel, and Vodafone Idea raised their prices just days earlier, resulting in subscriber losses for all three. ...

Market News

Apple unveils iOS 18.1 public beta ahead of iPhone 16 launch, introducing transformative AI features, but access requires joining a waitlist.

Apple unveils iOS 18.1 public beta ahead of iPhone 16 launch, introducing transformative AI features, but access requires joining a waitlist.

Apple has launched the public beta of iOS 18.1, introducing exciting Apple Intelligence features for suitable iPhone models just ahead of the iPhone 16 series release. Available since September 19, 2024, this update includes AI-driven tools such as a notification summary, enhanced writing assistants in native apps, and an image editing feature that removes unwanted ...

Market News

Physics Wallah secures 0 million in funding, skyrocketing its value to .8 billion, while aiming to transform India’s educational landscape.

Physics Wallah secures $210 million in funding, skyrocketing its value to $2.8 billion, while aiming to transform India’s educational landscape.

Physics Wallah, an EdTech company founded by Alakh Pandey and Prateek Mishra, has successfully raised $210 million in its Series B funding round, increasing its valuation to $2.8 billion. This funding, led by Hornbill Capital and supported by investors like Lightspeed Venture Partners, reflects confidence in Physics Wallah’s vision to democratize education in India. The ...

Market News

Apple’s new update enhances Siri with AI capabilities, revolutionizing user experience, but full features won’t arrive until later.

Apple’s new update enhances Siri with AI capabilities, revolutionizing user experience, but full features won’t arrive until later.

Apple is rolling out a new software update that incorporates artificial intelligence into Siri, making iPhones smarter and more capable. This update is available for testing ahead of the launch of the iPhone 16, which will support these advanced AI features. Users can expect Siri to be more conversational and efficient, with tools for writing, ...

Market News

In a dramatic courtroom showdown, Google executives defend their company against antitrust allegations of monopolizing online advertising.

In a dramatic courtroom showdown, Google executives defend their company against antitrust allegations of monopolizing online advertising.

The ongoing antitrust trial against Google has entered its final stages, with the Justice Department arguing that the tech giant maintains a monopoly in online advertising technology. The case revolves around Google’s control over the platforms used by publishers and advertisers, with accusations that this dominance allows Google to charge excessive fees. Key testimony came ...

Market News

RBI Governor Shaktikanta Das stabilizes the rupee, amasses 0 billion in reserves, balancing export growth and economic stability amid global pressures.

RBI Governor Shaktikanta Das stabilizes the rupee, amasses $700 billion in reserves, balancing export growth and economic stability amid global pressures.

Shaktikanta Das, the Governor of the Reserve Bank of India, has skillfully balanced the rupee’s stability while supporting Prime Minister Modi’s export goals. India’s foreign exchange reserves have reached nearly $700 billion, echoing China’s past strategies. This approach has made the rupee less volatile, even as it hit record lows close to 84 per dollar. ...

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