Elucidata extends $16 million in series A led by Eight Roads Ventures
Wed, Sep 28, 2022 12:59 PM

Elucidata extends $16 million in series A led by Eight Roads Ventures

On September 28, the AI-based Life science platform revealed that it had raised $16 million in its series A funding round conducted by Eight Roads Ventures, with participation from F-Prime Capital, IvyCap Ventures, and Hyperplane Venture Capital. They mentioned they would use the funds raised (ML-Ops) platform Polly to deepen product capabilities in translational drug research and allied markets.

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Gaming firms to receive gas fees rebates from crypto project Klaytn
Wed, Sep 28, 2022 12:46 PM

Gaming firms to receive gas fees rebates from crypto project Klaytn

Klaytn, a South Korean cryptocurrency project, announced on Wednesday that it would offer rebates on gas fee payments made by gaming businesses developing on its network. In accordance with the new gas fee rebate program, a limited number of game companies will be qualified to get a 100% offset on their gas expenses beginning in January 2022 for up to $100,000 in KLAY every month.

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Lissun raises $1 million in pre-seed round
Wed, Sep 28, 2022 12:37 PM

Lissun raises $1 million in pre-seed round

Lissun has announced the completion of its $1 million pre-seed fundraising round led by Ivycap. The start-up for mental health offers contextual solutions for six healthcare categories and is presently present in 17 Indian locations. The company's newly raised investment will be used to reinforce and further expand the product's technology foundation in order to deliver a seamless experience.

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Supriya Lifescience stocks plunged 6% on CEO's resignation
Wed, Sep 28, 2022 12:33 PM

Supriya Lifescience stocks plunged 6% on CEO's resignation

Shares of active pharmaceutical ingredients (API) manufacturer Supriya Lifescience plunged nearly 6% to Rs 302.60 in Wednesday's trade after Shireesh Ambhaikar, the company's Chief Executive Officer, quit the position. However, he has agreed to extend his assistance on a retainer ship basis for two years, effective October 1, 2022 where he will be designated as Technical Head for few projects.

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Crypto tourism introduced by Binance
Wed, Sep 28, 2022 12:29 PM

Crypto tourism introduced by Binance

One of the top crypto exchanges in the world, Binance, has introduced the first cryptocurrency-sponsored vacation, known as "crypto tourism," to demonstrate how easy, safe, and effective travel will be in Web 3.0. The goal of Binance's campaign is to demonstrate that travelling with a crypto wallet is no longer difficult. Participants that are selected will have the chance to win $50K in BNB.

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Apple to drop Russia's largest social media From App Store
Wed, Sep 28, 2022 12:22 PM

Apple to drop Russia's largest social media From App Store

VKontakte, a well-liked social network in Russia, has been deleted by Apple Inc. As per Apple, VK programmes are restricted by the company and are not available for download or updates through the App Store. The Apple "reasons for deleting VK applications and developer accounts" are under investigation. Applications for VK are apparently still accessible on Android through Google Play Store.

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French drugmaker Sanofi predicts a positive boost from currency markets
Wed, Sep 28, 2022 12:19 PM

French drugmaker Sanofi predicts a positive boost from currency markets

French drugmaker Sanofi said it anticipated a positive boost to its third-quarter business outcomes from movements in the currency markets, supported by the strength of the U.S. dollar since Sanofi does business in the United States. Sanofi said its initial estimate of currency impacts on its third-quarter 2022 sales was for a boost of approximately 10% to 11%.

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BTC think tank urges US to reject CBDCs & look to BTC & stablecoins instead
Wed, Sep 28, 2022 12:16 PM

BTC think tank urges US to reject CBDCs & look to BTC & stablecoins instead

The Central Bank Digital Currencies should be rejected, and in their place, the United States should look to BTC & stablecoins, according to the U.S. think tank Bitcoin Policy Institute. Dan Held, a former growth lead at Kraken, & Natalie Smolenski, executive director of the Texas Bitcoin Foundation, claim that CBDCs would rob the general public of their financial independence, privacy, & freedom.

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Inox Wind rallies over 3% after India's first 3.3MW wind turbine
Wed, Sep 28, 2022 12:02 PM

Inox Wind rallies over 3% after India's first 3.3MW wind turbine

The commissioning of India's first 3.3 MW wind turbine at Village Ranparda, District Rajkot, Gujarat, has been announced by Inox Wind. Due to its compact size, this innovative product will significantly cut the cost of energy while also saving money on manufacturing, logistics, and transportation, as well as installation. Inox Wind Ltd. is up ₹4.7 or 3.35% and trading at ₹145.05 at 12 PM.

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Bitcoin is currently trading at $18,822; down by 6.73% in the last 24h
Wed, Sep 28, 2022 11:58 AM

Bitcoin is currently trading at $18,822; down by 6.73% in the last 24h

Bitcoin presently trades at $18,822. In the last 24 hours, the coin moved 6.73% to the downside and decreased by 0.67% in the last 7 days. The largest cryptocurrency by market cap was again rejected at the $20K level. The 24-hour trading volume is at $55.8 Billion, which is a 10.48% increase in the last 24 hours.

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On Wednesday, the Fear and Greed Index is at 20
Wed, Sep 28, 2022 11:44 AM

On Wednesday, the Fear and Greed Index is at 20

The current value of the Fear and Greed Index is 20, which depicts extreme fear. Yesterday the value stood at 20, which also falls under the extreme fear zone. The present crypto market cap is at $914 Billion, with a 24-h trading volume of $91.2 Billion. The overall market is in red on Wednesday.

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Motherson Sumi Wiring rises 7% amid bonus shares talk
Wed, Sep 28, 2022 11:37 AM

Motherson Sumi Wiring rises 7% amid bonus shares talk

Motherson Sumi Wiring India (MSWIL) shares rose as much as 7% in early trade on Wednesday, despite overall market volatility, as the business announced its board will evaluate the proposal for bonus issuance on Friday. The firm alerted the stock exchanges of a board meeting scheduled for Friday, September 30, 2022, to evaluate the company's proposal for bonus equity shares.

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Forbes & Co. hits Upper Circuit for 2 straight sessions
Wed, Sep 28, 2022 11:17 AM

Forbes & Co. hits Upper Circuit for 2 straight sessions

After the company reported the demerger of its precision tools division on Monday, shares of Forbes & Co. hit the 5% upper circuit for a second day on Tuesday. Forbes Precision Tools and Machine Parts Limited (FPTL) will be formed from Forbes & Co., according to a regulatory filing. The plan of arrangement that will bring the divestment into effect does not include any monetary consideration.

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RIL's ecommerce marketplace plan on hold!
Wed, Sep 28, 2022 11:06 AM

RIL's ecommerce marketplace plan on hold!

As government delays its e-commerce policy, Reliance Industries has kept its intention of having an eCommerce platform for third-party sellers on hold. The conglomerate is now preparing JioMart as a marketplace to compete with Amazon and Flipkarts of the world. Notably, the eCommerce policy has been reportedly been delayed due to differences among the ministers.

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33 out of 55 IPOs of last year trading above offer price
Wed, Sep 28, 2022 11:05 AM

33 out of 55 IPOs of last year trading above offer price

Small and medium-sized enterprises' IPOs success in the last 1.5 years is a positive indicator for firms with solid goods and business profiles that want to list. 55 SMEs IPO listed in 2021 with share sales totalling ₹726.78 Cr in the capital market. Out of them, 33 firms are still trading above the offer price of the IPO. 🔔 Check our stock recommendation tips for more updates!

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