News

Social commerce platform Meesho raises $275 million Social commerce platform Meesho has raised $275 million, a regulatory filing by the company with the Securities and Exchange Commission (SEC) in the US has revealed. The fundraising, part of an ongoing round, came from existing investors like SoftBank, Prosus, Elevation Capital and Peak XV Partners. The latest funding valued Meesho at $3.9 billion. Meesho may increase the ongoing round size to $500-600 million, according to reports. The SEC regulatory filing also indicated a share tr...
Social commerce platform Meesho raises $275 million
Social commerce platform Meesho raises $275 million
Source: IANS
2024-05-11 06:08:55 pm
Hindalco subsidiary Novelis files draft papers for proposed US IPO Atlanta-based Novelis Inc., a fully-owned subsidiary of Hindalco Industries, has announced that it has confidentially submitted a draft registration statement on Form F-1 with the Securities and Exchange Commission (the SEC) relating to the proposed initial public offering (IPO) of its common shares. The common shares are expected to be offered by Novelis’ sole shareholder, i.e., AV Minerals (Netherlands) N.V., a fully-owned subsidiary of Hindalco Industries Limited. Novelis will ...
Hindalco subsidiary Novelis files draft papers for proposed US IPO
Hindalco subsidiary Novelis files draft papers for proposed US IPO
Source: IANS
2024-02-21 10:37:42 am
Jeff Bezos sells 24 mn Amazon shares worth over $4 bn Amazon founder Jeff Bezos has sold 24 million shares of the company in recent days worth more than $4 billion. The first sale of 12 million shares was announced in a regulatory filing on February 9, followed by another 12 million share sale on Tuesday, reports BBC. Bezos has also handed away Amazon shares as part of his philanthropic efforts, most recently in 2022. He last sold Amazon shares in 2021. His sales of Amazon shares come after they have increased by almost 70 per cent in t...
Jeff Bezos sells 24 mn Amazon shares worth over $4 bn
Jeff Bezos sells 24 mn Amazon shares worth over $4 bn
Source: IANS
2024-02-14 11:43:28 am
Spacetech startup raises $15.5 mn to harvest natural resources from Moon Interlune, a spacetech startup led by former Blue Origin leaders, has quietly raised $15.5 million in new funding and aims to close another $2 million, according to its filing with the US Securities and Exchange Commission (SEC). Interlune is led by Rob Meyerson, an aerospace executive who was president at Blue Origin for 15 years, reports TechCrunch. The startup is focused on harvesting resources from the Moon. It closed a $1.85 million seed round in 2022. “We aim to be the fi...
Spacetech startup raises $15.5 mn to harvest natural resources from Moon
Spacetech startup raises $15.5 mn to harvest natural resources from Moon
Source: IANS
2024-02-04 03:07:54 pm
Oil rises after strikes on Houthis; US yields fall following PPI Oil prices gained on Friday as some oil tankers diverted course from the Red Sea after overnight strikes by the U.S. and Britain on Houthi targets in Yemen, while U.S. Treasury yields eased on news that U.S. producer prices unexpectedly fell in December. Wall Street stocks closed nearly flat after moving between modest gains and losses during the session. U.S. earnings season unofficially began, with major U.S. banks reporting lower profit on Friday in a quarter hit by special charges and ...
Oil rises after strikes on Houthis; US yields fall following PPI
Oil rises after strikes on Houthis; US yields fall following PPI
Source: Reuters
2024-01-14 09:12:02 am
US approves 1st-ever Bitcoin exchange-traded product shares The US Securities and Exchange Commission (SEC) has finally approved a number of spot Bitcoin exchange-traded product (ETP) shares and with the decision, the world's largest cryptocurrency has joined the global financial system. The decision will make around a dozen spot Bitcoin ETFs available to investors, such as those from Grayscale, Fidelity and BlackRock. "While we approved the listing and trading of certain spot bitcoin ETP shares, we did not approve or endorse bitcoin. I...
US approves 1st-ever Bitcoin exchange-traded product shares
US approves 1st-ever Bitcoin exchange-traded product shares
Source: IANS
2024-01-11 11:40:09 am
Dollar steady as traders brace for US inflation data, bitcoin volatile The dollar was steady on Wednesday in cautious trading ahead of U.S. inflation data due later this week that is likely to influence the Federal Reserve's policy, while bitcoin was volatile after a fake social media post rattled markets. The U.S. securities regulator said someone briefly accessed its X social media account and posted a fake message saying it had approved exchange traded funds (ETFs) for bitcoin. The Securities and Exchange Commission (SEC) said it had not yet approved s...
Dollar steady as traders brace for US inflation data, bitcoin volatile
Dollar steady as traders brace for US inflation data, bitcoin volatile
Source: Reuters
2024-01-10 09:01:43 am
Jack Dorsey appointed Block`s Head and Chairperson Jack Dorsey has now been appointed Head and Chairperson of his tech company Block (earlier Square) he co-founded in 2009.Dorsey?s title changed from ?Chief Executive Officer, President and Chairperson? to ?Block Head and Chairperson,? effective immediately.?There will be no changes in Dorsey?s roles and responsibilities, and he will continue to serve as principal executive officer of the company,? Block said in a filing with the US Securities and Exchange Commission (SEC).The current CEO of S...
Jack Dorsey appointed Block`s Head and Chairperson
Jack Dorsey appointed Block`s Head and Chairperson
Source: IANS
2023-09-19 12:31:06pm