The India unit of gaming firm Krafton has backed IMM Investment’s maiden India fund as an anchor limited partner as the battle royale BGMI-maker broadens its investment bets in the South Asian market. Seoul-based IMM Investment, an early backer of Krafton and roughly half of South Korea’s unicorn startups, has made the first close for India fund and hired former Legend Capital partner Prakhar Khanduja to run the local unit. Nihansh Bhat, lead of corporate development for Krafton India, told TechCrunch that the IMM fund investment would help the gaming company tap into newer business categories and sectors in India.…
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In the aftermath of the Mexican Grand Prix, Christian Horner, Red Bull’s team principal, defended Max Verstappen, who received two 10-second penalties after collisions with Lando Norris during the race. The incidents occurred as Verstappen and Norris battled for position behind Carlos Sainz. In the first clash at Turn 4, Verstappen pushed Norris off track as they fought for the apex, leading the stewards to penalize Verstappen. Shortly after, Verstappen attempted another maneuver at Turn 7, again forcing both drivers off the track and regaining second place. The stewards ruled he gained an advantage illegally, adding another penalty, which dropped…
Varaha, an Indian climate solutions company, has launched the country’s first carbon dioxide removal (CDR) credits for industrial biochar through Puro.Earth, a leading global platform for carbon crediting, Manufacturing Today has reported.This milestone positions Varaha as a prominent player in South and Southeast Asia’s carbon removal sector, aligning with international efforts to meet net-zero targets by offering verified, high-quality carbon credits.Located in the Telangana state in southern India, Varaha’s biochar project utilizes agricultural waste—specifically, corn residues—to produce biochar, a carbon-rich substance that sequesters carbon in the soil for hundreds of years.The biochar production process is powered by a gasifier, capturing…
The Brabus Rocket GTS is a modern take on the shooting brake design, transforming the sporty and elegant Mercedes-AMG GT63 S E Performance coupe into a more practical yet aggressive-looking hatchback. This version blends classic coupe aesthetics with a unique twist, much like previous unconventional models, including the BMW M Coupe “Clownshoe.” Known for its distinctive modifications, Brabus has added its signature touch, creating a car that combines power with a sinister design aesthetic, resembling a life-size version of a Hot Wheels car and even drawing comparisons to Darth Vader’s helmet. Built upon the Mercedes-AMG platform, the Brabus Rocket GTS…
The 2025 Audi RS3 performance sedan has been refined with a focus on enhancing agility rather than increasing its already impressive power output. By retaining the turbocharged 2.5-liter five-cylinder engine, Audi keeps the RS3’s familiar strength intact while focusing on improved handling for more versatile performance on both the road and track. These mid-cycle updates aim to strike a balance between speed and cornering ability, which is essential for squeezing out every second in tight turns. This approach showcases Audi’s commitment to delivering a well-rounded driving experience that combines power with precision. Audi has introduced a range of visual updates…
HSBC Holdings Plc building at Canada Square in Canary Wharf financial district on 15th August 2023 in London, United Kingdom. Mike Kemp | In Pictures | Getty ImagesEurope’s largest lender HSBC on Tuesday announced it will repurchase up to $3 billion in shares as it issued a third-quarter earnings report that beat analyst estimates, boosted by strong revenue growth as well as its wealth and personal banking divisions.Here are HSBC’s results compared with LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate:Pre-tax profit: $8.5 billion vs. $8 billionRevenue: $17 billion vs. $16.2 billionHSBC’s pre-tax profit represented…
US President Joe Biden signed an executive order in August 2024 that allowed for new curbs on US investment in Chinese tech firms working on sensitive technology ANDREW CABALLERO-REYNOLDS Text size The administration of President Joe Biden has finalized curbs on US investments in sensitive technologies like semiconductors in China that pose a threat to national security, the Treasury Department said Monday. The new rules, which take effect on January 2 next year, will prohibit US-headquartered firms, citizens, and permanent residents from engaging in transactions involving cutting-edge technology like semiconductors, artificial intelligence (AI), and quantum computing, the Treasury announced in…
BlackRock’s iShares MSCI Japan Value ETF targets large- and mid-cap Japanese equities with value characteristics. Read more on EWJV ETF here. Source link
These Are the Plunderers: How Private Equity Runs — and Wrecks — America. 2023. Gretchen Morgenson and Joshua Rosner. Simon & Schuster. In 1970, Milton Friedman penned an influential editorial in The New York Times stating that business had one social responsibility: to increase profits. The Friedman doctrine focuses on managers in their role as agents for owners. As Friedman points out, managers, as individuals, may have many responsibilities to their family, country, and community. However, in such cases, individuals are principals, not agents, and do not represent the interests of others. The exception to profits as the sole responsibility,…
The administration of President Joe Biden has finalized curbs on US investments in sensitive technologies like semiconductors in China that pose a threat to national security, the Treasury Department said Monday. The new rules, which take effect on January 2 next year, will prohibit US-headquartered firms, citizens, and permanent residents from engaging in transactions involving cutting-edge technology like semiconductors, artificial intelligence (AI), and quantum computing, the Treasury announced in a statement.Investors will also be required to inform the Treasury about investments in some less advanced technologies “that may contribute to the threat to the national security of the United States,” the…