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Harsh Dwivedi
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Medial • 6m
Top News Of the Day: 1. The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a penalty of Rs 1 crore on IPO-bound Go Digit General Insurance for inordinate delay in the filing the particulars of the joint venture agreement related to the change in the conversion ratio of compulsorily convertible preference shares (CCPS) issued by its parent company to FAL Corporation. 2. Online B2B travel distribution platform Travel Boutique Online (TBO) has offered Rs 696 crore worth of shares to anchor investors as part of its initial public offering. 3. Cybersecurity start-up Wiz has raised $500 million in a funding round led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital. 4. Google has launched a private digital wallet for Android users in India called Google Wallet. It allows users to securely store cards, tickets, passes, keys, and IDs. 5. Simpl, a buy-now-pay-later startup, laid off over 100 employees, about 25% of the headcount, across verticals in a cost-cutting measure, marking its first such action in 2024. 6. Deep tech AI startup Myelin Foundry has raised $4 million in a new round from SIDBI Venture Capital Limited (SVCL). Other investors include Endiya Partners, Pratithi Investment Trust, and Subh Labh. 7. FTX, a crypto exchange, plans to pay its creditors and customers between $14.5 billion and $16.3 billion, according to an amended reorganization plan filed in a US bankruptcy court. 8. Atomgrid, on the other hand, raised $1.2 million in seed funding led by Merak Ventures to enhance their research and development infrastructure and expand their global outreach. 9. Google has launched a private digital wallet for Android users in India called Google Wallet allowing users to securely store cards, tickets, passes, keys, and IDs 10. Singapore's Atlan, a data collaboration software startup, has raised $105 million in a funding round led by GIC and Meritech Capital, valuing the company at $750 million. 11. Cardekho Group has launched TractorsDekho, a platform aimed at revolutionizing the agricultural sector in India by providing comprehensive resources specifically tailored for tractor buyers. Stay Updated. Stay Informed. Stay Ahead. Share Medial App within your network and friends to grow this community. Please rate us on iOS AppStore/ Google Play Store to help us be visible to more awesome folks like you!
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