For Vance, an Idyllic Appalachian Startup Became a Hard Lesson
During JD Vance’s brief career as a venture capitalist, few startups attracted his support more than AppHarvest, a now bankrupt plan to build greenhouses across Appalachia. Source link
In a Malaysian Pop-Up City, Echoes of China’s Housing Crash
Forest City was an audacious $100 billion project by a top Chinese developer. Today, the project is a fraction of what had been planned and the developer is broke. Source link
Prosus eyes more IPOs in India portfolio
MUMBAI: Even after its failed bet on Byju’s, which was once India’s most valued startup, Dutch technology investor Prosus remains bullish on the country’s market.The company will continue to invest in India and remains excited about the country’s prospects, Fabricio Bloisi, CEO at Prosus and Naspers, said. Prosus, which is
Poonawalla to acquire 50% in Dharma Productions for 1,000 crore
NEW DELHI: Adar Poonawalla-led Serene Productions announced that it will invest Rs 1,000 crore into Karan Johar’s Dharma Productions and Dharmatic Entertainment. Serene Productions will hold a 50% stake in Dharma, with Karan Johar retaining the remaining half.The collaboration aims to transform content creation, distribution and audience engagement by integrating
Perplexity AI seeks $8 billion valuation in new round, WSJ says
Artificial intelligence search company Perplexity AI has started fundraising talks in which it aims to more than double its valuation to $8 billion or more, the Wall Street Journal reported Sunday.Perplexity has told investors it hopes to raise about $500 million in the new funding round, the Journal said, citing
Olivia Nuzzi and New York Magazine Part Ways After RFK Jr. Relationship
Ms. Nuzzi, a political writer for the magazine, had been on leave since she disclosed a personal relationship with Robert F. Kennedy Jr. last month. Source link
Softy ice-cream mix attracts higher GST: It’s mainly sugar not milk holds GST-AAR
MUMBAI: Is a softy ice-cream mix made of milk or sugar? According to a recent ruling given by the GST Authority for Advance Rulings (AAR) – Rajasthan bench, the product’s major component is sugar, not milk. Further, since it contains additives like stabilizers and flavorings, it is no longer a
Arkansas May Have Vast Lithium Reserves, Researchers Say
Federal and state researchers said there might be five million to 19 million tons of lithium, more than enough to meet the world’s demand for the battery ingredient. Source link
UltraTech Cement Q2 profit at Rs 825.18 crore
NEW DELHI: UltraTech Cement Ltd on Monday reported a consolidated net profit of Rs 825.18 crore for the September quarter. The leading cement maker posted a consolidated net profit of Rs 1,280.38 crore in the July-September period a year ago, the Aditya Birla group flagship firm said in a regulatory
PPF: How to open a Public Provident Fund account – check simple steps, documents required, interest rate & more
Any resident of India is eligible to open a PPF account. (AI image) How to open a PPF account: The Public Provident Fund (PPF) is a government-backed savings scheme that is widely favored by investors for building a corpus over an extended period. It provides tax advantages, assured returns, and