Author: Admin
Indian fintech firm Pine Labs’ [PINL.NS] initial public offering could be worth about $1 billion and the company is seeking a valuation of up to $6 billion, a source familiar with the matter said on Thursday.Pine Labs is looking to issue fresh shares worth 26 billion rupees ($304 million) while existing investors including Peak XV, PayPal and Mastercard will sell up to 147.8 million shares, draft papers filed with the market regulator showed. The company, which competes with Paytm and Walmart’s PhonePe, is seeking a valuation of between $5 billion and $6 billion, according to the source, who did not…
Anna Wintour, the long-time global editorial director of Vogue, is stepping down from one of her roles at the fashion publication, according to the Associated Press, which cited a person familiar with the move. Vogue U.S. is now seeking a new head of editorial content, Women’s Wear Daily reports. Fashion Weekly Daily also reported that Wintour plans to step down from as the head of editorial content for the U.S. Wintour, 75, will retain her title as chief content officer for Vogue publisher Condé Nast. In that role, she will oversee media brands including Wired, Vanity Fair, GQ and Condé Nast Traveler. …
The Dallas Mavericks selected Cooper Flagg with the 1st overall pick in the 2025 NBA Draft. Craig Carton and Danny Parkins discuss his expectations, and if he can live up to them.
Round 1 of the 2025 NBA Draft is in the books. There weren’t many surprises at the top of the draft, with the Dallas Mavericks taking Cooper Flagg with the No. 1 overall pick.But there were some surprises as the night continued. The Utah Jazz took Rutgers wing Ace Bailey with the fifth overall pick. The Portland Trail Blazers drafted Chinese big man Yang Hansen, who some thought might be a second-round pick, at No. 16.Michigan’s Danny Wolf and UConn’s Liam McNeeley surprisingly fell as well before getting selected in two of the final four picks of the first round.…
NEW YORK — New York Mayor Eric Adams set out Thursday to persuade skeptical voters to grant him a second term, hosting a kickoff event for his independent reelection bid after a corruption indictment, a controversial dismissal and a decision to drop out of a the Democratic primary. Standing on the steps of City Hall, Adams sought to draw a contrast between himself and the likely Democratic candidate, Zohran Mamdani, casting the young liberal as a child of privilege with no real political achievements or realistic policies. “This election is a choice between a candidate with a blue collar and…
[CANBERRA) Australia and New Zealand are the world’s biggest users of cocaine, as global consumption of the illicit drug reaches record highs, the United Nations Office on Drugs and Crime (UNODC) said in its latest report.While more people use cocaine in the Americas than anywhere else, per-capita consumption is most prevalent in Australia and New Zealand, according to the World Drug Report 2025. Waste-water analysis suggests most people there are using cocaine only occasionally, the report said.Some 3 per cent of those aged 15 to 64 in Australia and New Zealand used cocaine in 2023, the report said. That’s almost…
Dinari, a startup that offers blockchain-based U.S. stocks, has secured a broker-dealer registration for its subsidiary, a move the company says makes it the first tokenized equity platform to secure such approval in the United States. The move would allow San Francisco-based Dinari to offer stock trading via blockchain technology for the first time to investors in the U.S., an offering that crypto companies like Coinbase and Kraken are also actively exploring as firms look to capitalize on an evolving U.S. regulatory stance toward cryptocurrencies.Dinari is working with the U.S. Securities and Exchange Commission before going live with its offering in…
[SINGAPORE] Malaysian glove maker Top Glove on Thursday (Jun 26) posted a net profit of RM34.7 million (S$10.5 million) for its third quarter ended May, 31 per cent down from a profit of RM50.7 million in the previous corresponding period. This translated to a lower earnings per share of 0.43 sen, down from 0.63 sen in Q3 of FY2024. The decline in its bottom line came despite the group recording top-line growth for the period, with revenue up 30 per cent at RM830.3 million, from RM636.9 million in the year-ago period. Q3’s higher revenue was driven by a 45 per cent…
Snack maker Kellanova’s shares rose Thursday on news that its proposed merger with Mars Inc. had cleared U.S. regulators.The U.S. Federal Trade Commission announced late Wednesday that after nearly a year of investigation, it determined that a merger between Mars and Kellanova wouldn’t threaten competition in the market.Kellanova shares were up nearly 1% in morning trading. Mars is privately held.McLean, Virginia-based Mars makes sweet snacks like M&M’s, Snickers and Skittles as well as Ben’s Original rice and pet food. Chicago-based Kellanova, which was created in 2023 when the Kellogg Co. split into two companies, owns brands including Cheez-its, Pringles, Eggo,…
SAN FRANCISCO :Amazon’s AWS recently lost a key vice president helping oversee generative artificial intelligence development as well as the company’s Bedrock service, as the competition for talent heats up.Vasi Philomin told Reuters in an email that he left Amazon for another company, without providing specifics. A company spokesperson confirmed that Philomin had recently left after eight years with Amazon. Philomin helped lead generative AI efforts and product strategy, and oversaw foundation models known as Amazon Titan.The spokesperson said Rajesh Sheth, a vice president previously overseeing Amazon Elastic Block Store, had assumed some of Philomin’s responsibilities. Philomin left Amazon earlier…