Dr. Bavaguthu Raghuram Shetty, once a celebrated billionaire and healthcare mogul, finds himself in the midst of a staggering financial unwind that stripped him of a once-flourishing $10 billion empire, as recounted in deep detail by “Startup News” in their recent piece titled “How B.R. Shetty Lost His $10 Billion Empire: From Healthcare Mogul to…
In recent developments, Israel’s burgeoning tech sector has begun to exhibit signs of what experts refer to as “funding fatigue,” with venture capital flowing more conservatively and firms gearing up for financial self-reliance amidst a shifting economic climate. This trend was detailed in a recent report by Calcalist, a respected Israeli publication, under the headline…
In a major move underscoring the growing financial commitment to sustainable business practices, Temasek-backed ABC Impact, along with leading financial institutions UOB and DBS, have successfully closed a deal to secure a $110 million sustainability-linked loan. The ambitious financial package aims to catalyze business operations that underscore social responsibility and environmental stewardship. This robust financial…
In recent developments, the Amazon Echo Show, a popular device known for its voice-activated commands and multimedia capabilities, is increasingly drawing criticism from its users for a worsening user experience due to invasive full-screen advertisements. This issue was prominently highlighted in an article titled “Obnoxious Full-Screen Ads Are Making the Amazon Echo Show Useless —…
In a bold move that diverged from the norms of multi-platform release strategies, IndieStorm Gaming recently launched its latest title, Kingdoms Reclaimed, notably without accommodating Xbox users. This decision has perplexed many in the industry, given the game’s immense popularity and the substantial market share held by Xbox in the gaming console industry. Kingdoms Reclaimed,…
SoftBank Group Corp. is reportedly in discussions to secure a massive $5 billion margin loan, using its stock in the semiconductor firm Arm Holdings as collateral, according to a recent report by Bloomberg, titled “SoftBank in Talks for $5 billion Margin Loan Backed by ARM Stock”, published on Startup News. This strategic financial maneuver comes…
In a vibrant display of pop culture prowess, Hasbro recently unveiled an expansive new array of toys and collectibles inspired by the Marvel and Star Wars franchises. The announcement, detailed in a report by Startup News FYI under the title “Hasbro’s Marvel and Star Wars Reveals,” underscores the toy giant’s strategic emphasis on leveraging key…
In a striking development within the Indian craft beer industry, a significant portion of the workforce at Bira 91 has formally sought a leadership overhaul amid a series of business struggles. The Economic Times recently detailed this unfolding scenario in their article “Bira 91 staff move plea for leadership change,” portraying a company at a…
The recent surge in geopolitical tensions between the West and China has seen a dramatic downturn in the number of Chinese venture capital (VC) investments in Israeli tech companies. Once a burgeoning source of capital, Chinese investors are now increasingly absent from the financing rounds of new Israeli start-ups. According to an in-depth analysis by…
Investment in Israel’s tech sector showed a marked decline in the first quarter of 2023, leading to widespread concern about the industry’s resilience against a backdrop of economic uncertainty and regional challenges. According to a report from the financial news website Calcalist, titled “Israeli high-tech companies raised $2.7 billion in Q1 2023, lowest since 2020,”…
