🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Top UBS banker in Australia sees role helping ultra-rich invest abroad | Company Business News
Livemint
·
9m ago
Medial
UBS Group AG expects wealthy Australians to look for more investment options outside the country in order to diversify their assets. The firm's Australasia joint country head, Anthony Sweetman, is focused on maintaining and strengthening their market position in Australia as investor demands evolve. The increase in wealth and growing demand for wealth services in Australia is expected to drive this shift towards global investment. UBS's strong results, driven by trading and cost control, further support their focus on key markets like Australia and Singapore in the Asia-Pacific region. Additionally, Sweetman predicts an influx of foreign investment in Australia due to its positive growth outlook and attractiveness for foreign companies.
View Source
Related News
Zomato Among Jefferies’ ‘Top Picks’ For The Next Five Years
Inc42
·
1y ago
Medial
UBS and Jefferies have both maintained a positive outlook on Zomato, an Indian foodtech startup. UBS has a 'buy' rating and price target of INR 195, while Jefferies expects Zomato's share price to reach INR 400. Jefferies sees Zomato as one of its top picks for the next five years, citing low penetration levels in the food delivery and quick commerce sectors. UBS expects Zomato's year-on-year growth to remain healthy. Zomato is facing a goods and services tax penalty notice from Gujarat's Deputy Commissioner of State Tax for FY19.
View Source
Goldman ramps up credit business in India, targets diaspora
Livemint
·
1y ago
Medial
Goldman Sachs plans to expand its credit business in India and target the country's wealthy diaspora as China loses its appeal to global investors. The investment bank aims to diversify its range of loans offered through its shadow banking unit and obtain a license to scale up in currency trading. This move comes as India is expected to be the world's fastest-growing major economy. Goldman sees opportunities in lending, private credit funds, and wealth management, particularly for Indian entrepreneurs based abroad. Private equity firms are also keen to invest in India.
View Source
Navam Capital Marks First Close Of Maiden VC Fund At INR 50 C
Inc42
·
1y ago
Medial
Navam Capital has announced the first close of its maiden alternative investment fund, Navam Venture Fund I, at INR 50 Cr (around $6 Mn). The fund aims to invest in frontier tech startups, including sectors like aerospace, climate tech, electric mobility, agritech, and artificial intelligence. It has secured commitments from various family offices, corporations, and ultra-high-net-worth individuals. Navam Capital focuses on intellectual property-rich startups with engineering orientation and technical differentiation. The firm's current portfolio includes companies like Ather Energy, Agnikul Cosmos, and Vyome Therapeutics.
View Source
Facebook plans to shut down its news tab in the U.S. and Australia
TechCrunch
·
1y ago
Medial
Facebook will be shutting down its news tab in the U.S. and Australia as it seeks to distance itself from news-related regulations and payment complexities. The company announced that it will sunset the product in April 2024, citing a significant drop in users over the past year. Facebook's decision is likely influenced by regulatory moves in Australia and Canada, where authorities have required platforms to pay online publishers for their content. Facebook clarified that existing deals with publishers will remain unaffected but confirmed it has no plans to invest in new news-related products.
View Source
Former PayU Finance India chief executive Prashanth Ranganathan’s new venture in talks for $20-25 million
Economic Times
·
1y ago
Medial
Former PayU Finance India CEO Prashanth Ranganathan is in talks to raise $20 million to $25 million for his new venture in the wealthtech space. The startup will focus on helping Indian parents save funds for their child's tertiary education abroad. Ranganathan, known for founding PaySense, has engaged with investors including Nexus Venture Partners to invest in the round, aiming for a valuation of around $100 million. The startup is expected to launch by February next year and may include a lending component as well. Ranganathan left PayU earlier this year and is currently on gardening leave.
View Source
Anil Agarwal led Vedanta to invest total Rs 80,000 crore, generate upto 1 lakh jobs in Northeast - BusinessToday
Business Today
·
2m ago
Medial
Vedanta Group, led by Anil Agarwal, plans to invest Rs 80,000 crore in India's Northeastern states, with Rs 50,000 crore earmarked for Assam. The investment targets oil & gas, critical minerals, refining, power, and infrastructure in six states, potentially creating up to 1 lakh jobs and fostering socio-economic development. Vedanta aims to enhance social initiatives, promoting holistic growth in the region. Assam, rich in crude reserves, plays a crucial role in this investment strategy.
View Source
THIS billionaire is saving $8 billion in taxes. It’s not Mark Zuckerberg or Elon Musk
Livemint
·
8m ago
Medial
The world's ultra-rich, including tech moguls such as Elon Musk and Mark Zuckerberg, are employing financial strategies to reduce their tax burdens. Nvidia CEO Jensen Huang, ranked as the 10th wealthiest individual in the US, is reportedly evading $8 billion in taxes by passing on his savings to his family. Other high-profile individuals, such as Blackstone's Schwarzman and top executives at Google and Meta, have also been known to employ similar tactics to avoid paying taxes. Huang utilized irrevocable trusts and grantor-retained annuity trusts to minimize his tax liabilities.
View Source
Tesla investor Cathie Wood says she's been selling Nvidia stock for some time: 'It has become a check-the-box stock'
Business Insider
·
1y ago
Medial
Cathie Wood, founder of Ark Invest, has been selling Nvidia stock due to concerns about overvaluation. Wood believes that the company's expectations have become too high and that its stock has become a "check-the-box" investment. Ark Invest has sold over $4.5 million worth of Nvidia stock this year. Despite acknowledging Nvidia's role in creating the AI age, Wood sees hyperactivity and potential inventory corrections as factors that could impact its stock. Nvidia's market capitalization reached $1.8 trillion last week, surpassing Amazon and Alphabet.
View Source
Gautam Adani’s net worth increases by ₹10 lakh crore in 5 years: Check full list of India’s biggest wealth gainers | Company Business News
Livemint
·
9m ago
Medial
Gautam Adani and his family have become the biggest gainers of wealth in the past five years, according to the Hurun India Rich List. The Adani enterprise has seen a significant increase in wealth, accumulating ₹10,21,600 crore in the energy sector. This surge in net worth has pushed Adani to the top of the rich list, surpassing Mukesh Ambani with a total wealth of ₹11.6 lakh crore. Other notable gainers on the list include Reliance Industries' Mukesh Ambani and his family, Aditya Birla Group's Kumar Mangalam Birla, and HCL's Shiv Nadar and family.
View Source
Former ISRO chairman advocates for space parks across India
Economic Times
·
5m ago
Medial
Former ISRO Chairman S Somanath emphasized the need for 'Space Parks' across India to boost technology in space-sector startups. At the Global Investors' Meet Invest Karnataka 2025, he highlighted government's clear policy for private sector participation. Somanath sees opportunities in satellite operations and infrastructure. Emphasizing venture capital and financial support, he encouraged leveraging accessible data for innovation. The event underscored collaborative government and private efforts enhancing India’s role in the global commercial space industry.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
