Live quizzes and a gamified, interactive platform Lumikai and an interactive media VC-led pre-seed round have collected $1.1 million for Supernova. Along with other angel investors, Kae Capital, All In Capital, Goodwater Capital, and others participated in the round. The funds will be used, among other things, for product development, bolstering the executive team, and growth hacking.

DRDO has started initial preparations for making Electro Magnetic Railgun. This cannon can hit a distance of 200 km🎯. In this, not gunpowder, but an electromagnetic field is used to fire ammunition. According to the information, work on this has been started in its laboratory Armament Research and Development Establishment (ARDE) located in Pune.📌

The Institute of Chartered Accountants of India (ICAI) has been requested by Congress MP Karti Chidambaram for a review of edutech giant BYJU’S financial statements. Notably, the edutech major released its financial statements for FY 21 last month, after a delay of nearly 18 months. BYJU’S ‘sale of edutech products has been questioned by Chidambaram.

The NCLT has approved calling a shareholders' meeting to seek consent for the proposed merger of HDFC with HDFC Bank. The shareholder meeting will be held on November 25, 2022, to discuss and approve the Scheme of Amalgamation. A wholly-owned subsidiary of HDFC Ltd, HDFC Property Ventures Limited (HPVL), has been transferred to HDFC Bank with the blessing of the Sebi.

The net profit of the Mumbai-based hyperlocal search engine Justdial stood at INR 52.2 Cr in the second quarter of the financial year 2022-23, up 207.85% QoQ against the loss of INR 48.4 Cr in Q1 FY23. It posted an EBITDA margin of 8.3% in the second quarter of the financial year 2022-23 compared to a 4.5% margin in the first quarter of FY23.

Tracxn Technologies IPO closed its subscription and now bidders are waiting for its allotment date which is most likely on 17th October 2022. It received an overall subscription of 2.01 times and the retail portion was subscribed 4.87 times. As per the market observers, the GMP of the shares of Tracxn Technologies is available at a premium of ₹4 today.

HDFC Life Insurance successfully concludes the merger of Exide Life. Notably, HDFC Life had purchased a 100% shareholding in Exide Life Insurance Company from its parent Exide Industries for consideration of ₹6,687 crores. Customers from both companies will be able to access a greater variety of products and service touchpoints as a result of the merger.

Car, bike and scooter maker Honda Motors is preparing to patent airbags for scooters in India. The company may launch a scooter with a new feature. The way airbags are used to make cars, in the same way, airbags will now be seen in scooters as well. According to the information, this scooter may likely be launched by October 2023 next year.

The shares of Electronics Mart will get listed on 7th October 2022. The equity shares will get listed in the 'B' group of securities. The grey market sentiments of Electronics Mart shares have remained steady. As per the market observers, the GMP of Electronics Mart shares is available at a premium of ₹30 in the grey market today. This suggests a stock listing of the public issue.

Meta’s (previously Facebook) plea that challenged the competition commission of India's investigation into the messenger app WhatsApp has been cancelled by the Supreme Court. Notably, CCI was undergoing a probe into WhatsApp’s updated privacy policy that alleges the messenger sharing users’ data with Facebook and its abuse of dominance.

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Shareholders of Punit Commercials Ltd are going to get bonus shares. The Board of Directors of the company has approved bonus shares in the ratio of 5:1 to the shareholders as of the record date. That is, on every single share, 5 shares of the company will be available as a bonus. The company will give bonus shares on October 28, 2022.

The gold price remained subdued throughout the week gone by due to the rising dollar index and speculations about the US Fed's rate hike. Gold settled at ₹50,280 per 10 gm levels on the MCX on Friday. On MCX, high-risk traders can buy gold at around ₹50,200 levels for the target of ₹51,300 to ₹51,500 per 10 gm levels," said Amit Sajeja of Motilal Oswal.

On October 15, all major cryptocurrencies were down as the global crypto market cap fell by 1.95 per cent to $919.43 billion, over the last day. Over the last 24 hours, the total crypto volume stood at $64.25 billion, down 23.40 per cent. Currently, the total volume in DeFi stood at $3.81 billion, which is 5.93 per cent of the total crypto market 24-hour volume.

According to reports, Aditya Birla Capital is looking to acquire a 51% shareholding in Reliance Capital's joint venture with Nippon Life of Japan, Reliance Nippon Life Insurance Company. Notably, the debt-ridden Reliance arm is facing an insolvency resolution. Moreover, Torrent Group is also bidding for Reliance Capital's 51 per cent stake.