BUSINESS

Despite the anticipation surrounding Musk's visit to India, neither the tech mogul nor his electric car company has officially confirmed the trip as of yet.

In a significant development, Neysa, a burgeoning AI cloud and platform-as-a-service (PaaS) startup, announced on Wednesday that it has successfully secured a substantial investment of $20 million (equivalent to nearly Rs 166 crore). This funding round was spearheaded by prominent investment firms including Matrix Partners India, Nexus Venture Partners, and NTTVC.

One notable exclusion from the list is the edtech giant Byju's, which had a valuation of over USD 22 billion a year ago but has since fallen below the USD 1 billion mark. This decline in valuation marks one of the most significant drops among startups worldwide, according to the Hurun report.

Highlighting its commitment to the Indian market, Ola emphasized the significant potential for expansion within the country's evolving mobility landscape.

In their affidavits submitted to the highest judicial body, the pair expressed their unwavering commitment to uphold the sanctity of law and justice. They pledged to refrain from making any public statements that could contravene the assurances previously provided to the Supreme Court in November of the preceding year.

The report, unveiled recently, emphasizes India's attractiveness for investment, particularly in comparison to many other countries in the South Asian region. While it acknowledges India's role as an alternative manufacturing base, it refrains from explicitly mentioning China, although geopolitical factors have undoubtedly influenced this development.

Upon his arrival at the central agency's office, Harsh Neotia acknowledged being summoned for interrogation by the ED but refrained from disclosing the specific reasons behind the summon.

The bond offerings encompass a diverse range, catering to various investment preferences. Among them are the 7.32 per cent Government Security 2030, with a notified amount of Rs 11,000 crore, slated for a price-based auction utilizing the price method. Additionally, the New Government Security 2039, valued at Rs 10,000 crore, will undergo a yield-based auction employing the multiple price method. Lastly, the 7.30 per cent Government Security 2053, with an amount of Rs 9,000 crore, will be available through a price-based auction utilizing the multiple price method.

In a post on X, Musk disclosed that the employees had been informed of potential arrest threats. However, specific details regarding the accounts ordered to be blocked by Supreme Court judge Alexandre de Moraes, which sparked the confrontation, remained undisclosed by both Musk and the Brazilian government.

The journey towards achieving this Rs 100-crore revenue mark has been adorned with significant achievements, highlighted by strategic partnerships with farmers, farmer producer organizations, key suppliers, manufacturers, and renowned brands, as per the company's official statement.