Morning Tidings

Tag: fund

  • Gautam Adani Comes To Rescue of Four-Year-Old Heart Patient Manushree, Announces To Fund Her Treatment

    Gautam Adani Comes To Rescue of Four-Year-Old Heart Patient Manushree, Announces To Fund Her Treatment

    Industrialist Gautam Adani has announced to fund treatment of a four-year-old girl Manushree who has hole in her heart. A Twitter user recently posted about Manushree, who lives in Sarojini Nagar area of ​​Lucknow. According to the post, doctors at the Sanjay Gandhi Postgraduate Institute of Medical Sciences (SGPGI) have estimated a cost of Rs 1.25 lakh for Manushree’s treatment, which her parents cannot afford. Reacting to the post, Gautam Adani said he will ensure her treatment is done and she gets back to school. Adani Group To Invest USD 150 Billion Across Businesses To Join Elite Global Club of Companies With USD 1 Trillion Valuation.

    Gautam Adani To Fund Treatment of Four-Year-Old Heart Patient Manushree:

    (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user’s social media account and Morning Tidings Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of Morning Tidings, also Morning Tidings does not assume any responsibility or liability for the same.)

  • Cryptocurrency Broker ‘Voyager Digital’ Files for Bankruptcy After Top Crypto Hedge Fund 3AC Fails To Make Payment for $650 Million Loan

    San Francisco, July 6: Top cryptocurrency broker Voyager Digital on Wednesday filed for bankruptcy in the US, after top crypto hedge fund Three Arrows Capital (3AC) did the same last week, in which Voyager has made significant investments which the company is yet to get back.

    It had significant investments in Singapore-based hedge fund 3AC, which failed to make payments on a loan of 15,250 Bitcoins and $350 million USDCs — that makes the loan worth more than $650 million.

    “This comprehensive reorganisation is the best way to protect assets on the platform and maximize value for all stakeholders, including customers,” said Stephen Ehrlich, CEO of Voyager. Cryptocurrency Exchange Vauld Suspends All Withdrawals, Trading & Deposits.

    The prolonged volatility and contagion in the crypto markets over the past few months, and “the default of Three Arrows Capital on a loan from the company’s subsidiary, Voyager Digital, require us to take deliberate and decisive action now,” he said in a statement.

    Earlier this week, Voyager suspended all trading, deposits, withdrawals and loyalty rewards on its platform.

    Voyager has approximately $1.3 bn of crypto assets on the platform and more than $350 million of cash for customers.

    The proposed plan of reorganisation “contemplates an opportunity for customers to elect the proportion of common equity and crypto they will receive, subject to certain maximum thresholds”, said the company.

    The company said it has over $110 million of cash and owned crypto assets on hand, which will provide liquidity to support day-to-day operations.

    Voyager said it was actively pursuing all available remedies for recovery from 3AC.

    The development came as popular crypto tokens such as Bitcoin and Ethereum nosedived by nearly 70 per cent from their record highs amid the economic meltdown.

    The Monetary Authority of Singapore last week slammed Three Arrows for providing false information and breaching an asset under management threshold.

    The mega fund, founded by Credit Suisse traders Zhu Su and Kyle Davies, once managed an estimated $10 billion in assets.

    (The above story first appeared on Morning Tidings on Jul 06, 2022 03:59 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Apple Announces ‘Buy Now, Pay Later’ Service, Tech giant to Fund Loans off Its Own Balance Sheet

    San Francisco, June 9: Tech giant Apple has joined the ‘buy now, pay later’ service with the new Apple Pay Later, which was announced at the Worldwide Developers Conference (WWDC) 2022.

    According to CNBC, a wholly-owned subsidiary of Apple will check user credit and extend short-term loans to the users for Apple Pay Later.

    The new loan service, which will compete against similar offerings from Affirm and PayPal, was announced this week.  Apple MacBook Air & MacBook Pro With M2 SoC Launched at WWDC 2022

    Later this year, when the company’s new iOS 16 iPhone software is released, users will be able to buy products with Apple Pay and pay the balance in four equal parts over six weeks as a ‘buy now, pay later’ (BNPL) service, the report said.

    The tech giant has partnered with Mastercard, which interacts with the vendors and offers a white label BNPL product called Installments, which Apple is using.

    Apple Card issuer Goldman Sachs also is involved as the technical issuer of the loans and is the official BIN sponsor, as per the report.

    But Apple is not using Goldman’s credit decisions or its balance sheet for issuing the loans, it added.

    The tech giant will initially launch Pay Later in the US. Apple Card, its other credit name, is currently only available in the US.

    (The above story first appeared on Morning Tidings on Jun 09, 2022 09:20 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Ethereum Co-Founder Vitalik Buterin to Get Donated Crypto Back From India Crypto Relief Fund ; Will Donate it For COVID-19 Relief Projects Worldwide

    Ethereum co-founder Vitalik Buterin is receiving a share of Shiba Inu coins back that he previously donated to an Indian COVID-19 Relief Fund in the year 2021, also known as CryptoRelief. This was shared by the fund’s founder Sandeep Nailwal and Buterin on Friday. Buterin reported on Twitter that CryptoRelief is sending $100 million in cryptocurrencies from the ‘Shiba Fund’. This move came just before the Indian government was gearing up to present the Union Budget on Feb 1.  Ethereum Co-Founder Vitalik Buterin Donates over $1 Billion Worth Ethereum and ‘Meme Coins’ to India COVID Relief Fund

    Nailwal hinted that the country’s crypto wariness figured in the decision to return the amount in stablecoin to Buterin.

    Buterin said he plans to deploy these funds “individually” into some “high-risk, high-reward COVID science and relief projects around the world.” Buterin has also set up a new organization named Balvi, which will oversee the deployment of funds on his behalf.

    According to Buterin, Balvi will primarily focus on deploying the ‘SHIB Fund’ in the areas of vaccine research and development, funding new air filtration projects and more.

    Meanwhile, Sandeep Nailwal, co-founder of Polygon and founder of Crypto Relief, has confirmed Buterin’s statement, saying that he will release funds in USDC. USDC is a stable coin, pegged to the US dollar. According to Sandeep, the decision to return some of the funds to Buterin was taken to avoid conflict with Indian laws on the distribution of relief funds.

    He added that Crypto Relief followed a systematic, controlled and robust approach keeping in mind the inflow of funds and the laws of India. But being an Indian Citizen (NRI) I have to be extra cautious in any of the projects being donated.  Global Crypto Market Suffers $1 Trillion Loss as Bitcoin Crashes

    After creating a quadrillion SHIB tokens in the year 2020, Mimecoin co-founder Ryoshi told the ‘WOOF paper’ he would send 50 percent of the total coins to Buterin’s contribution to the crypto ecosystem.

    After this Buterin donated 50 trillion SHIB to the India Crypto Relief Fund in the war against COVID. They burned 90 percent of their remaining holdings (410 trillion SHIB) worth $6.7 billion. However, the use of cryptocurrencies is increasing around the world. Along with this, all the countries are also thinking about regulating it.

    (The above story first appeared on Morning Tidings on Feb 01, 2022 03:41 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • WhatsApp Message Claiming Govt Is Providing Phase 4 COVID-19 Relief Fund Is Fake! PIB Fact Check Reveals Truth Behind Viral Message

    WhatsApp Message Claiming Govt Is Providing Phase 4 COVID-19 Relief Fund Is Fake! PIB Fact Check Reveals Truth Behind Viral Message

    New Delhi, June 4: A viral WhatsApp message is doing rounds on social media platforms claiming that the Central government is providing Phase 4 COVID-19 relief fund to people of the country. This fake information comes at a time when the country is battling the COVID-19 pandemic. The viral claim titled as ‘Government support for COVID-19’, urges people to apply for the fund online on a website named cutt.ly.

    The fake claim states, “Apply for the government Phase 4 COVID-19 relief fund grant provided by the government. Hurry now, it takes just a few seconds to apply. Don’t miss this opportunity”. The WhatsApp forward further shares a link and urges people to apply to avail the benefit. COVID-19 Vaccination Appointment Can Be Booked on Telegram Using ‘MyGov Corona Vaccine Appt’? PIB Fact Check Debunks Fake News Going Viral on Social Media.

    Debunking the false information, a fact check was done by the Press Information Bureau (PIB), which stated that the WhatsApp forward claiming that the Central Government is providing Phase 4 Covid-19 Relief Fund is fake. “This WhatsApp forward claiming that the Central Government is providing Phase 4 Covid-19 Relief Fund is #FAKE!”, it stated. COVID-19 Fact Check Series: From Holding Breath For 10 Seconds As ‘Self-Check Test’ to ‘COVID-19 Three Stages’ Treatment Falsely Linked to Tata Health, 5 Fake Social Media Messages That Have Returned From 2020.

    Here’s the tweet by PIB:

    Issuing a clarification, the PIB urged people not to believe in such forwarded messages and advised people never to disclose any personal information on these fraudulent websites.

    Fact check

    WhatsApp Message Claiming Govt Is Providing Phase 4 COVID-19 Relief Fund Is Fake! PIB Fact Check Reveals Truth Behind Viral Message

    Claim :

    WhatsApp forward claims that the Central Government is providing Phase 4 COVID-19 Relief Fund.

    Conclusion :

    PIB Fact Check stated that the claim is fake and urged people not to believe in such forwarded messages.

    (The above story first appeared on Morning Tidings on Jun 04, 2021 04:25 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Google Shares M Black Founders Fund Among 30 Startups In Europe

    Google Shares $2M Black Founders Fund Among 30 Startups In Europe

    London, June 4: Google has selected 30 startups from Europe which are led by people of colours who will receive a share of $2 million Black Founders Fund.

    The 30 startups from the UK, France, Belgium, Germany, Austria and the Netherlands have been selected to receive awards from the Black Founders Fund, a $2 million initiative to provide cash awards up to $100,000 to Black-led startups in Europe that was announced in October last year. While Twiterrati Outrage Over Google Displaying Kannada as ‘Ugliest Language In India, The search Engine Also Shows It As ‘Queen of Languages In The World’.

    ‘Their inspiring, fast-growing startups address global challenges like access to healthcare, financial inclusion, energy and education, in the most competitive industries, from hardware design and advertising to data and risk management,’ Google said in a blog post on Thursday. It is not only racial diversity that they represent as 40 per cent of startups selected are led by women. Google Announces To Disable Advertising IDs for Users Who Opt Out of Tracking by Android Apps: Report.

    Google interviewed almost 100 founders for the fund to understand their businesses, their ambitions and their lived experience as leaders, whether they are serial or first time founders. Google Chrome Will Now Warn Users While Installing Untrusted Extensions. 

    The Black Founders Fund in Europe is a third region, after the US and Brazil, where Google for Startups is helping to level the playing field by backing Black founders who are disproportionately locked out of access to capital.

    Currently, less than 0.5 per cent of venture capital (VC) funding goes to Black-led startups, and only 38 Black founders have received venture capital funding in the last 10 years.

    (The above story first appeared on Morning Tidings on Jun 04, 2021 04:13 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Amazon India announces $ 250mn venture fund

    Amazon India announces $ 250mn venture fund

    Amazon India on Thursday announced a $ 250 million venture fund, which will invest in start-ups that focus on technology innovations for the digitization of small and medium businesses (SMBs), agriculture and healthcare.

    “Small and medium-sized businesses are often the lifers of engines and economies and I think the same is true in India. And we are very passionate about trying to enable the acceleration of SMB in promoting innovation and economy in India, “Andy Jessie, CEO of Amazon Web Services and incoming CEO of Amazon, spoke at the company’s ‘Smooth’ event said in.

    The company said the venture fund will invest in technology-based start-ups who are passionate about unlocking the potential of Digital India.

    In the SMB sector, Amazon will invest in technology start-ups that digitize SMBs for demand access, efficient operations, and supply chain efficiency.

    “Venture funds will independently invest in start-ups, launch their businesses globally by launching, managing and developing SMBs online, automating and digitalizing their operations, and exporting to customers worldwide. Will build solutions to expand. These investments will help promote seeds and innovation in the region.

    Similarly in the agri-tech sector, the venture fund aims to invest in Indian start-ups that use technology to deliver the best production to consumers, make agri-inputs more accessible to farmers, improve productivity for farmers Provides tailored agricultural solutions to farmers, disbursing loans and insurance or reducing food waste by building efficient farms for thorn supply chains.

    In the healthcare sector, venture funds will invest in start-ups that provide technology for digital support of healthcare providers such as doctor assistance, telemedicine, e-diagnostics, AI-driven treatment recommendations or independent primary care clinics, clinical laboratories, medicinal value are using it. Chain or specialized physician clinics to improve access to a broad patient base agnostic of physical geographic location.

    The e-commerce giant announced plans to digitally empower and bring one million offline retailers and neighborhood stores online through the Amazon program by 2025 on the Amazon India marketplace. It launched the ‘Spotlight North East’ initiative to bring 50,000 artisans, weavers and small businesses online from eight states in the North East region of India by 2025 and boost exports of key commodities such as tea, spices and honey from the region.

    Amit Agarwal, Global Senior VP and Country Head, Amazon India, said, “The launch of Amazon Smabhav Venture Fund aims to attract the best ideas in the country and make entrepreneurs a partner in this vision. Additionally, our initiative on one million offline outlets on Amazon.in and digitally empowering the North Eastern Region will accelerate progress towards a digital and self-reliant India. “

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  • Amazon announced a $ 250 million fund for SMEs

    Amazon announced a $ 250 million fund for SMEs

    The company will help create new businesses.

    E-commerce giant Amazon on Thursday announced a $ 250 million (approx crore 1,873 crore) fund to focus on digitizing small and medium businesses and promoting innovation in the fields of agri-tech and healthcare. Will focus.

    “Small and medium-sized businesses are often lifesaving engines and economies and I think the same is true in India. And we enable innovation and acceleration of the SMB in promoting the economy in India and building in such a way About what we did last year, I am excited to announce a new $ 250 million Amazon Smarts Venture Fund, said Andrew Webbs CEO, Amazon Web Services CEO Andrew JCS.

    Under this, Amazon intends to help inspire more SMBs to be able to build brand new businesses, with Mr. Jessie, who will take over as CEO of Amazon Inc. later this year, marking the second Amazon event. Called during the event.

    Amazon India Global SVP and Country Head India Amit Aggarwal said that the fund is targeted to empower the best ideas and attract visionary entrepreneurs.

    “The fund is going to focus on three key priorities – SME digitization, agri-tech innovation to empower agricultural productivity and access, and health-tech to provide universal and quality health care,” he said. said.

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  • Amazon India announces $ 250mn venture fund

    HDFC Capital, Cerbus Partner to Fund Housing Projects

    HDFC Capital Advisors Limited and an affiliate of Cerbus Capital Management LP have partnered to invest in under-construction projects facing a shortage of funds.

    The platform will provide last-mile funding for purchasing inventory and under-construction residential projects across India, among other real estate-related opportunities.

    “The development of the platform is in response to a series of setbacks to the Indian residential real estate market, which has created a significant need for capital,” the partners said in a joint statement.

    Many buyers have not agreed to fund projects before completion, while traditional financing channels have come under severe pressure.

    “The platform intends to partner with quality developers to provide capital solutions and to build and complete projects,” the statement said.

    “Lack of buyer confidence in the ability of developers to complete projects, combined with a shortage of funds for real estate projects, resulted in developers starving capital to complete ongoing projects. The platform has the potential to provide capital solutions to developers to the real estate sector and resume stalled housing projects, ”said Deepak Parekh, Chairman, HDFC Limited.

    Cerberus co-CEO Frank Bruno stated, “We are able to provide tailored solutions in areas with dislocated funding channels in various forms, such as the purchase of assets, the creation of operations and lending platforms, and the provision of structured capital as best as possible.” to do. -In-class operators. With HDFC Capital, we look forward to supporting high quality developers and projects in one of the most important regions of India. “

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  • Amazon India announces $ 250mn venture fund

    NIIF Fund NI invests 2,100 crores. Manipal Hospitals

    National Investment and Infrastructure Fund Limited (NIIF) on Thursday announced an investment of ₹ 2,100 crore in Manipal Hospitals based in Bengaluru through its Strategic Opportunities Fund (SOF).

    NIIF MD and CEO Sujoy Bose said, “With this investment, we look forward to playing a role in meeting India’s health needs.”

    “Manipal Hospitals’ strong governance, process and track record resonates well with NIIF’s investment philosophy.” ‘

    Manipal Hospital, which has 15 multi-specialty hospitals in the country, focuses on tertiary and quaternary care. According to a statement, the recent announcement of its acquisition of Columbia Asia Hospitals is expected to increase its expansion activities.

    “Manipal Hospitals continues on its path to reach many more geographic and under-served communities to provide both its reach and superb clinical outcomes,” said Ranjan Pai, chairman of Manipal Education and Medical Group.

    “Investing in the healthcare sector requires a long-term approach as well as sensitivity to social responsibilities, and I am delighted that we have a partner at NIIF who shares these perspectives,” Dr. Pie said.

    This investment ranks SOF’s first in India’s healthcare sector. The SOF focuses on those sectors, which are closely linked to the growth and profit of the country by demographics, consumption, investment and policy trends. NIIF currently manages over $ 4.5 billion of equity capital commitments in three funds – Master Fund, Fund of Funds and Strategic Opportunities Fund.

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