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PayU’s India biz clocks $211 million in revenues; Prosus attributes growth to Lazycard shutdown
PayU’s India biz clocks $211 million in revenues; Prosus attributes growth to Lazycard shutdown
Nov 29, 2023
The growth in revenues largely came from its existing merchants and payment processing stack Wibmo, as new merchant signups continued to be paused for the Indian entity after a Reserve Bank of India (RBI) order.
Adobe’s CFO is helping steer the company’s path into generative AI
Adobe’s CFO is helping steer the company’s path into generative AI
Jan 15, 2024
  Generative AI: Adobe's Finance Organization Embraces Innovation   Introduction  Adobe, a leading software company, is charging full steam ahead towards a future powered by generative AI products, with finance playing a pivotal role in this transformative journey. Dan Durn, CFO and EVP of finance, technology services, and operations at Adobe, emphasizes the significance of the finance organization's involvement in strategic discussions, understanding...
With California having nearly a third of America’s homeless, Gavin Newsom leans into the ‘Yes in God’s backyard’ movement
With California having nearly a third of America’s homeless, Gavin Newsom leans into the ‘Yes in God’s backyard’ movement
Jan 15, 2024
  California's New Law: Turning Parking Lots into Affordable Housing   Introduction  In an effort to combat the ongoing homeless crisis, California has enacted a new law that allows religious institutions and nonprofit colleges to convert their parking lots and other properties into low-income housing.   The Law's Provisions  The law, signed by Governor Gavin Newsom, rezones land owned by religious institutions and nonprofit colleges...
Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Nov 29, 2023
Six persons, including a 47-year-old woman, were injured in the incident. All of them were admitted to the nearby Shatabdi Hospital. They are being treated at the Out-patient Department (OPD) of the hospital and their condition is stable.
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Meta Earnings Lift Investor Sentiment, Driving Premarket Gains for US Equity Futures
Meta Earnings Lift Investor Sentiment, Driving Premarket Gains for US Equity Futures
Aug 1, 2024
08:52 AM EDT, 08/01/2024 (MT Newswires) -- US equity futures rose ahead of Thursday's opening bell, with investor sentiment buoyed by upbeat quarterly earnings from social media giant Meta Platforms ( META ) . The Dow Jones Industrial Average futures shares gained 0.2%, S&P 500 futures increased 0.5%, and Nasdaq futures were up 0.6%. Meta Platfroms reported late Wednesday Q2...
Sector Update: Health Care
Sector Update: Health Care
Aug 1, 2024
08:51 AM EDT, 08/01/2024 (MT Newswires) -- Health care stocks were steady pre-bell Thursday as the iShares Biotechnology ETF (IBB) was inactive and the Health Care Select Sector SPDR Fund (XLV) was 0.03% higher recently. Moderna ( MRNA ) shares fell past 16% after it reported Q2 revenue of $241 million, down from $344 million a year earlier. ...
Exchange-Traded Funds, Equity Futures Edge Higher Pre-Bell Thursday as Earnings Season Heats Up
Exchange-Traded Funds, Equity Futures Edge Higher Pre-Bell Thursday as Earnings Season Heats Up
Aug 1, 2024
08:28 AM EDT, 08/01/2024 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was up 0.5% and the actively traded Invesco QQQ Trust (QQQ) was 0.6% higher in Thursday's premarket activity, as the corporate earnings season heats up with Apple ( AAPL ) and Amazon ( AMZN ) due to report after-bell. US...
SNAPSHOT-India stocks, rupee, swaps, call at 3:30 p.m. IST
SNAPSHOT-India stocks, rupee, swaps, call at 3:30 p.m. IST
Aug 1, 2024
MUMBAI, Aug 1 (Reuters) - STOCKS: The benchmark BSE Sensex rose 126.39 points, or 0.15%, to 81,867.73, while the broader NSE index gained 71.95 points, or 0.29%, to 25,023.1, both hitting record highs, tracking a global rally after U.S. Federal Reserve Chair Jerome Powell hinted at a possible interest rate cut in September. RUPEE: The Indian rupee was flat versus...
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US expects to result of probe into chip imports in two weeks
US expects to result of probe into chip imports in two weeks
Jul 27, 2025
TURNBERRY, Scotland (Reuters) -The Trump administration will announce the result of a national security probe into imports of semiconductors in two weeks, Commerce Secretary Howard Lutnick said on Sunday, without providing details. Lutnick told reporters after a meeting between U.S. President Donald Trump and European Commission President Ursula von der Leyen that the investigation - which is expected to result...
Samsung Elec signs $16.5 billion contract to supply semiconductors
Samsung Elec signs $16.5 billion contract to supply semiconductors
Jul 27, 2025
SEOUL (Reuters) -Samsung Electronics ( SSNLF ) said on Monday it has signed a contract valued at $16.5 billion to supply semiconductors to a major global corporation. The world's biggest memory chipmaker said in the regulatory filing the deal signed on Saturday was for contract chip manufacturing and said details of the agreement including the counterpart and terms would not...
US expects to result of probe into chip imports in two weeks
US expects to result of probe into chip imports in two weeks
Jul 27, 2025
TURNBERRY, Scotland (Reuters) -The Trump administration will announce the result of a national security probe into imports of semiconductors in two weeks, Commerce Secretary Howard Lutnick said on Sunday, without providing details. Lutnick told reporters after a meeting between U.S. President Donald Trump and European Commission President Ursula von der Leyen that the investigation - which is expected to result...
Trump's $550 Billion Japan Trade Deal Could Benefit Taiwanese Chip Giants Like TSMC's US Expansion—If It Aligns With Tokyo's Interests
Trump's $550 Billion Japan Trade Deal Could Benefit Taiwanese Chip Giants Like TSMC's US Expansion—If It Aligns With Tokyo's Interests
Jul 27, 2025
On Saturday, Japan's top trade official said the country's new $550 billion investment package with the U.S. could help finance Taiwanese chipmakers like Taiwan Semiconductor Manufacturing Co. ( TSM ) as they build semiconductor plants in America. What Happened: Japan's chief trade negotiator Ryosei Akazawa told public broadcaster NHK that Tokyo's sweeping U.S.-bound investment initiative could extend to foreign firms...
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Oil Prices Weaken After a Report Showed U.S. Inventories Rose Again Last Month
Oil Prices Weaken After a Report Showed U.S. Inventories Rose Again Last Month
Nov 19, 2025
08:37 AM EST, 11/19/2025 (MT Newswires) -- Oil prices retreated early Wednesday after a report showed a higher than expected rise in U.S. inventories last week, adding to concerns the market is over supplied amid rising production. West Texas Intermediate (WTI) crude oil for December delivery was last seen down US$1.56 to US$59.18 per barrel, while January Brent crude was...
Blockfusion, Owner-Operator of a Strategically Located Clean Energy-Powered Data Center, to Go Public via Business Combination with Blue Acquisition Corp.
Blockfusion, Owner-Operator of a Strategically Located Clean Energy-Powered Data Center, to Go Public via Business Combination with Blue Acquisition Corp.
Nov 19, 2025
The surge in demand for HPC and AI compute is driving demand for data center capacity across the industry. Blockfusion's Niagara Facility has become a sought-after location for customers pursuing high-density HPC/AI deployments. Blockfusion is responding to this demand by upgrading and expanding an already powered and operational facility into a next-generation data center built for GPU-driven workloads. Blockfusion's owned and...
Kootenay Silver Reports First Assays from Ongoing Drilling at Columba Project in Mexico
Kootenay Silver Reports First Assays from Ongoing Drilling at Columba Project in Mexico
Nov 19, 2025
08:40 AM EST, 11/19/2025 (MT Newswires) -- Kootenay Silver ( KOOYF ) released Wednesday assays from the first seven holes of the ongoing 50,000-meter drill program at the Columba silver project in Mexico. The company said drilling identified porphyry style gold mineralization along the I vein. Highlights include 101 meters of 0.18 grams per tonne gold and 10 g/t silver,...
Marex Group Launches US Structured-Products Unit
Marex Group Launches US Structured-Products Unit
Nov 19, 2025
08:39 AM EST, 11/19/2025 (MT Newswires) -- Marex Group ( MRX ) said Wednesday it has established a US structured-products unit to provide services for advisers and distributors seeking more issuer and credit options. The company said the US business will offer products built from its existing global platform. ...
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