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<keyword id="14855943" type="General" weightage="20" keywordseo="Torrent-Investments" source="Orion">Torrent Investments</keyword> has reportedly informed lenders of <keyword id="6360090" type="General" weightage="20" keywordseo="Reliance-Capital" source="Orion">Reliance Capital</keyword> that it is unwilling to participate in the auction to sell the financial services company. This is likely to hurt the process to maximise returns from the sale because only the <keyword id="120582" type="General" weightage="20" keywordseo="Hinduja-Group" source="Orion">Hinduja Group</keyword> may be left in the fray. Earlier, while opposing the extension of the auction, in a letter to RBI Deputy Governor M. Rajeshwar Rao, Torrent Investments had sought directions to Nageswara Rao Y, administrator of Reliance Capital. The letter said that the challenge process was concluded on December 21, 2022, with the administrator's email to Torrent Investments confirming its NPV bid amount of Rs 8,640 crore as the highest bid amount. However, Torrent Investments was made aware that a competing resolution applicant Hinduja Group had belatedly submitted a revised financial proposal on December 22 after completion of the challenge process on December 21 and after having learnt that Torrent Investments had emerged as the highest bidder. In repeated <keyword id="1786965" type="General" weightage="20" keywordseo="Supreme-Court-judgements" source="Orion">Supreme Court judgements</keyword>, it has been held that maximisation of value is a key factor in any plan approval by CoC. The only resolution done for a financial services company under special powers of RBI Section 227 was DHFL which was won by Piramal Group. In that case <keyword id="6367820" type="General" weightage="20" keywordseo="Adani-Group" source="Orion">Adani Group</keyword>, which was not even a resolution applicant, was admitted by CoC as it offered highest value to the Piramal bid. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/desk-bombing-monk-mode-other-emerging-trends-at-the-workplace-as-per-linkedin/slidelist/98973217.cms">Desk-bombing, monk mode &amp; other emerging trends at the workplace</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/banks/news/haircut-on-cases-resolved-through-ibc-not-very-encouraging-says-kotak-report/articleshow/98972743.cms">Haircut on cases resolved through IBC not very encouraging, says Kotak report</a>

Torrent Investments not to participate in 2nd auction for Reliance Capital; Hinduja sole bidder

Markets regulator Sebi on Monday said it will auction 66 properties of <keyword id="1641057" type="General" weightage="100" keywordseo="saradha-group" source="Orion">Saradha Group</keyword> on April 11 at a reserve price totalling Rs 32 crore to recover money raised by the firm from the public through illicit schemes. The properties to go under the hammer include land parcels located in West Bengal, the <keyword id="6355630" type="General" weightage="50" keywordseo="securities-and-exchange-board-of-india" source="Orion">Securities and Exchange Board of India</keyword> (Sebi) said in a notice. The regulator said that the e-auction will be conducted between 11 am and 1 pm on April 11, 2023. The total reserve price of these properties is pegged at about Rs 32 crore. Sebi has engaged <keyword id="6085536" type="General" weightage="50" keywordseo="quikr-realty" source="Orion">Quikr Realty</keyword> to assist it in the sale of the properties and appointed C1 India as the e-auction provider. The development came after the Calcutta High Court passed an order in June 2022, whereby it directed Sebi to proceed with the auction of properties of the <keyword id="1648299" type="General" weightage="50" keywordseo="saradha-group-of-companies" source="Orion">Saradha Group of Companies</keyword>. The entire exercise was directed to be completed within three months. Saradha Group, a consortium of over 239 private companies, allegedly ran chit-fund operations in West Bengal, Assam and Odisha and raised around Rs 4,000 crore from 1.7 million depositors before it collapsed in April 2013. As per the notice, the regulator said bidders should make their own independent enquiries regarding the encumbrances, litigations, attachments and acquisition of liabilities of the property put on auction, prior to submitting their bid. "The purchaser shall participate in the e-auction on his own behalf and no third party intervention, like authorized agent/representative, would be permitted. The successful bidder shall bear the charges/ fee payable for the transfer of the property in his/her name. All taxes shall be borne by the purchaser," the notice said. In September 2022, the regulator said that it will auction 69 properties of the Saradha Group of Companies on November 1 at a reserve price of Rs 30 crore. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/banks/news/rbi-may-hike-benchmark-lending-rates-by-25-bps-in-april-dbs/articleshow/98607945.cms">RBI may hike benchmark lending rates by 25 bps in April: DBS</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/rcap-debt-resolution-torrent-investments-moves-sc-against-nclt-decision/articleshow/98607932.cms">RCap debt resolution: Torrent Investments moves SC against NCLT decision</a>

SEBI to auction 66 properties of Saradha Group to recover investors' money

<ul><li>The appellate tribunal has directed to list the petition on February 9, 2023, saying the appeal would be heard and decided by it.</li><li>Vistra ITCL (India) Ltd, one of the members of the <keyword id="16392825" type="General" weightage="50" keywordseo="committee-of-creditors-of-reliance-capital" source="Orion">Committee of Creditors of Reliance Capital</keyword>, has moved <keyword id="6396355" type="General" weightage="80" keywordseo="nclat" source="Orion">NCLAT</keyword> against an <keyword id="6355809" type="General" weightage="80" keywordseo="nclt" source="Orion">NCLT</keyword> order.</li><li>It upheld the plea by <keyword id="14855943" type="General" weightage="100" keywordseo="torrent-investments" source="Orion">Torrent Investments</keyword> challenging bankers' decision to go for the second round of auctions in pursuit of higher value for the bankrupt company. </li></ul>The <keyword id="6396354" type="General" weightage="50" keywordseo="national-company-law-appellate-tribunal" source="Orion">National Company Law Appellate Tribunal</keyword> (NCLAT) on Tuesday issued notices to Torrent Investments and other respondents on a petition filed by the lender of <keyword id="6360090" type="DOMAIN" weightage="20" keywordseo="reliance-capital" botkeyword="" source="ET" sourcekeytype="COMPANY" meta.keywordsubtype="EQ" meta.aliasname="reliance capital" meta.entityname="Reliance Capital Ltd." meta.entityid="13189" meta.seoname="reliance-capital-ltd">Reliance Capital</keyword> seeking a second round of financial bids for the debt-ridden firm, currently going through insolvency resolution process. A two-member NCLAT bench headed by Chairperson Justice <keyword id="247734" type="General" weightage="50" keywordseo="ashok-bhushan" source="Orion">Ashok Bhushan</keyword> issued notices, directing respondents to file replies within 3 days. The appellate tribunal has directed to list the petition on February 9, 2023, saying the appeal would be heard and decided by it. Vistra ITCL (India) Ltd, one of the members of the Committee of Creditors of Reliance Capital, has moved NCLAT against an NCLT order. On February 2, the <keyword id="6358070" type="General" weightage="20" keywordseo="mumbai" source="Orion">Mumbai</keyword> bench of <keyword id="6354457" type="General" weightage="50" keywordseo="national-company-law-tribunal" source="Orion">National Company Law Tribunal</keyword> (NCLT) had ruled against holding a fresh round of auction for the takeover of <keyword id="218661" type="General" weightage="20" keywordseo="anil-ambani-promoted" source="Orion">Anil Ambani-promoted</keyword> Reliance Capital (RCap) and said the challenge mechanism for financial bids has already concluded. It upheld the plea by Torrent Investments challenging bankers' decision to go for the second round of auctions in pursuit of higher value for the bankrupt company. NCLT in its order said the bench allows Torrent Investments' application and declared that the challenge mechanism for financial bids stood concluded as on December 21, 2022, with the bid of the applicant at Rs 8,640 crore being the highest. Torrent Investments had filed a plea on January 9, requesting the tribunal to quash the lenders' plan to hold a fresh auction for the takeover of RCap. Torrent Investment was the highest bidder offering Rs 8,640 crore in the last round of the 'challenge mechanism'. Reliance Capital has a consolidated debt of about Rs 40,000 crore. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/google-is-officially-confirmed-to-be-working-on-a-chatgpt-competitor-called-bard/articleshow/97681673.cms">Google is officially confirmed to be working on a ChatGPT competitor called Bard</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/drinking-water-in-israel-becomes-turbid-after-turkey-syria-quake/articleshow/97675030.cms">Drinking water in Israel becomes turbid after Turkey-Syria quake</a>

RCap resolution: NCLAT issues notices to Torrent Investments and others on the lender's plea

<ul><li>Value investor <keyword id="345747" type="PERSON" weightage="60" keywordseo="Bill-Miller">Bill Miller</keyword> praised <keyword id="6354947" type="UNKNOWN" weightage="60" keywordseo="bitcoin">Bitcoin</keyword> in a market letter on Thursday.</li><li>The Miller Value Partners chief and former <keyword id="334223" type="COMPANY" weightage="60" keywordseo="Legg-Mason">Legg Mason</keyword> boss invoked <keyword id="6358963" type="DEFINITION" weightage="60" keywordseo="Warren-Buffett">Warren Buffett</keyword>'s scathing criticism of the <keyword id="6357017" type="DEFINITION" weightage="60" keywordseo="cryptocurrency">cryptocurrency</keyword> to underscore the threat of inflation to those holding dollars.</li><li>"Warren Buffett famously called Bitcoin 'rat poison,'" Miller said. "He may well be right. Bitcoin could be rat poison, and the rat could be cash."</li><li>Buffett has repeatedly highlighted inflation as a downside to holding cash, and stated that he prefers to own productive assets such as businesses.</li><li><a href="https://www.businessinsider.com/">Visit Business Insider's homepage for more stories</a>.</li></ul>Veteran investor Bill Miller trumpeted Bitcoin's rich prospects in a <a href="https://millervalue.com/bill-miller-4q-2020-market-letter/">blog post this week</a>, repurposing Warren Buffett's dismissal of the cryptocurrency as "<a href="https://markets.businessinsider.com/currencies/news/bitcoin-price-warren-buffett-says-probably-rat-poison-squared-2018-5-1023494784">rat poison</a>" to underscore his own faith in it.The Miller Value Partners boss and former Legg Mason investment chief pointed out that Bitcoin has outperformed all major asset classes in recent years. The digital coin currently boasts a bigger market capitalization than Buffett's <keyword id="6362665" type="ORGANIZATION" weightage="60" keywordseo="berkshire-hathaway">Berkshire Hathaway</keyword> conglomerate, even though it's yet to be widely adopted, he continued.Read more: <a href="https://www.businessinsider.com/stock-picks-to-buy-transportation-companies-most-upside-tom-lee-2021-1?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Fundstrat's Tom Lee says to buy these 10 transportation stocks that were the hardest hit by the pandemic and are most leveraged for the economy's reopening in 2021</a>Miller added that the Federal Reserve is threatening to erode the dollar's value with rock-bottom interest rates and continued liquidity injections into the US economy. The pressure on the greenback has spurred the likes of Square and MicroStrategy to shift some of their cash into Bitcoin to lessen the impact of depreciation, he said.Bitcoin is "best thought of as digital gold", yet has several advantages over the haven metal, Miller continued. If more companies swap cash for crypto, "the current relative trickle into Bitcoin would become a torrent," he added."Warren Buffett famously called bitcoin 'rat poison,'" Miller said. "He may well be right. Bitcoin could be rat poison, and the rat could be cash."Read more: <a href="https://www.businessinsider.com/stock-market-sp-500-price-targets-2021-investing-advice-strategies-2021-1?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">10 top Wall Street experts unveil their stock-market forecasts for 2021 - and tell you where to put your money</a>It's worth noting Buffett has <a href="https://markets.businessinsider.com/news/stocks/why-warren-buffett-unhappy-berkshire-hathaway-record-137-billion-cash-2020-4-1029181516">underscored inflation</a> as an inevitable downside of holding currency-denominated assets such as cash or bonds. The Berkshire chief has also criticized "stores of value" such as gold, as they don't produce anything and only increase in value if someone is willing to pay more for them in the future.Instead, Buffett prefers to own productive assets such as farms and businesses."Whether the currency a century from now is based on gold, seashells, shark teeth, or a piece of paper (as today), people will be willing to exchange a couple of minutes of their daily labor for a Coca-Cola or some See's peanut brittle," he said in his <a href="https://www.berkshirehathaway.com/letters/2011ltr.pdf">2011 shareholder letter.</a>

Veteran investor Bill Miller flips Warren Buffett's Bitcoin snub to argue crypto beats cash

<a href="http://www.businessinsider.in/searchresult.cms?query=Piracy">Piracy</a> is a serious problem. It’s been there since times immemorial, and with the <a href="http://www.businessinsider.in/searchresult.cms?query=dot+com+boom">dot com boom</a>, and the subsequent mushrooming of <a href="http://www.businessinsider.in/searchresult.cms?query=torrent+sites">torrent sites</a> it’s estimated to do more damage than ever before. The sheer number of these sites can take one by surprise, and they are impossible to kill as thousands other sprout when one’s banned. To gauge the extent of piracy one needs statistics, and genuine piracy stats are notoriously hard to lay your hands on. There are several out there, but which one do you trust? 
 
There have been official reports from 2011 that state intellectual property infringements kill 750,000 jobs every year and cost U.S. companies a whopping $200 billion in revenue! Subsequently, more figures have been released; each pegging estimated losses between $50-200 billion. The good news is that the numbers are all wrong as none of these claims can be ‘substantiated’. 
 
So while exact quantification may be unavailable, what one could do is try to estimate figures based on widely available web analytics data. That would in turn help shape individual outlook and legal policies. The US has the <a href="http://www.businessinsider.in/searchresult.cms?query=Stop+Online+Piracy+Act">Stop Online Piracy Act</a> (SOPA) and <a href="http://www.businessinsider.in/searchresult.cms?query=Protect+IP+Act">Protect IP Act</a> (PIPA) while India has the <a href="http://www.businessinsider.in/searchresult.cms?query=Indian+Copyright+Act">Indian Copyright Act</a> of 1957 which states a software pirate can be jailed for a maximum of three years and fined to a maximum of Rs. 2,00,000. 
 
At a time when record companies, movie studios, and software makers across the globe have declared piracy as their sworn enemy, Business Insider India sets out to have a closer look at this online behemoth that makes content creators shake in their shoes. 
 
How much money is lost? 
To give a simple sense of the enormous losses studios face, here is an interesting fact that might leave you shaken. 
 
In 2014 BitTorrent reported that the ‘Game of Thrones’ series was the most pirated TV show of the year. It was downloaded over 8.1 million times! ‘The Walking Dead’ came in second with a whopping 4.8 million downloads. ‘The Big Bang Theory’ comes in third with around 3.9 million downloads. Now consider the fact that Game of Thrones costs 6 million per episode and Big Bang Theory costs around 2 million. A DVD Box-set of Game of Thrones Season 4 (2014) costs around $40 (Rs.2556). That clearly means HBO lost out on an estimated $324 million from one season itself! 
 
How do these sites make any money? 
A common question in the minds of naïve internet users is that if torrent sites are offering free content, how are they making any money at all? There’s a one word answer to it – ‘traffic’. 
 
These illegal sites receive serious cash from some of the best companies in the world. In the age of the internet, over $40 billion dollars are splurged every year on online advertising. It is this cash that funds millions of copyright-infringing websites that feed piping hot pirated stuff to the burgeoning online audience. 
 
To give an idea of the traffic these sites enjoy, here’s another token. In January 2013 itself, over 327 million unique users searched for pirated content, and this helped generate over 14 billion page views for pirate websites (and the numbers are only growing exponentially!). That’s double the population of the world! Torrent websites that use P2P(peer-to-peer) distribution system accounted for more than half of the share at over 7.4 billion page views and video-streaming sites boast of generating another 4.2 billion page views. 
 
Why aren’t the companies doing anything? 
The way it works most advertisers have ad networks in Google and Microsoft. Operators of these rogue websites manipulate their systems so that ads for Google's Chromecast and Microsoft's Bing appear on their sites. Microsoft once said in a statement that it monitors where its ads land up and that it seeks to ‘to take actions on non-compliant sites.’ Google has also invested enough time and resources on its AdSense service to ensure that its partners' ads don’t appear on pirate websites. It says that the company seeks to blacklist offending URLs and modify its search engine to penalize pirate websites. 
 
According to a DoubleVerify report, these websites launder ad traffic and cheat credible advertisers out of over $6.8 million each month! 
However, most experts believe this is impossible to stop. 
 
What can be done? 
There are two aspects to piracy - expensive, hard to access content and the way it’s been hardwired into human nature with the evolution of the internet. 
 
Mainstream adoption of non-piracy option would include a sensible look at the current tariff and hardware requirements. As the world increasingly turns towards the portable smartphone screen, this is really a make or break situation for product innovators across the world. Services that offer significant value at a fraction of the cost are the need of the hour. This includes HD movie and music streaming, interactive entertainment content and affordable software prices. The future of the industry is hanging in a delicate balance, because no matter what we say, the future of entertainment is definitely online. What matters now is whether it via legitimate means or otherwise. 
 
 
 
Image credit: Indiatimes and Vitrium

Do you know how big Online
Piracy really is?

<div class="KonaFilter image-container display-table"><div><div class="image on-image">PAGina Miller outside the Supreme Court.</div></div></div>LONDON - Death and rape threats. Just a taste of the vile swell of anger directed at Gina Miller since she stepped into the public eye last year.Her crime? "Simply bringing and asking a legitimate question," as Miller herself says. It just so happens that question culminated in a <a href="http://uk.businessinsider.com/supreme-court-brexit-article-50-case-verdict-gina-miller-theresa-may-mp-vote-2017" target="_blank">historic Supreme Court ruling on Tuesday</a>, which means the government must secure parliamentary approval before triggering Article 50.In her victory statement of the steps of the Supreme Court in London, investment banker Miller said she was "shocked" at the personal abuse she has received in the past seven months. <a href="http://uk.businessinsider.com/article-50-brexit-eu-gina-miller-scared-to-leave-house-threats-daily-mail-2016-12">Last month, she told The Guardian:</a> "I have felt frightened and find it difficult to leave the house."<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">TwitterA selection of abusive tweets about Gina Miller on Tuesday</div></div></div>Judging by a skim of Twitter on Tuesday, the squalid sentiment against Miller has far from run its course. Indeed, the trolls have a second wind, longing for her to be deported to a war zone among other nastiness in this snapshot (right) of the abuse.Thankfully, this appears to be the views of a minority. For every poisonous post, there are others warmly congratulating Miller on her triumph.But the haters are not operating in a vacuum. No, these keyboard warriors are being whipped up by Britain's press. Take a walk through the websites of buccaneering pro-Brexit newspapers and it is easy to understand how petrol is being poured on the flames of fury.Here's just three examples from Tuesday:<h2>The Sun</h2><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">The Sun</div></div></div>The front page of The Sun's website went straight for the jugular, branding Miller a "Brexit wrecker." <a href="https://www.thesun.co.uk/news/2691568/chief-brexit-wrecker-gina-miller-claims-her-supreme-court-win-is-about-the-legal-process-not-politics/" target="_blank">The headline of the piece elevates her to "chief Brexit wrecker.</a>"In the past, The Sun has referred to Miller as "foreign-born multi-millionaire," who belongs to a "motley handful" of anti-EU campaigners.<h2><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Daily Mail</div></div></div></h2><h2> </h2><h2>The Daily Mail</h2>Here, Miller is painted as both part of the (presumably liberal) "elite" and as a gloating remain campaigner. The Mail has also labelled Miller a "Brexit wrecker" in previous coverage.<h2> </h2><h2>The Daily Star</h2><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">The Daily Star</div></div></div>No prizes for guessing who the finger is being pointed at here with this entirely fabricated headline. It prompted one reader, named Chazzy, to comment: "Gina Miller should be hung, drawn and quartered. 17 million <keyword id="6354868" type="COUNTRY" weightage="100" keywordseo="UK">UK</keyword> voters seen off big time by one foreigner!" <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/prince-charles-change-name-queen-elizabeth-ii-dies-king-arthur-philip-george-2017-1">Here's what could happen to Prince Charles' name when the Queen dies</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="pneWFxODE6vEljDm5r5hizuoQRnPg2VR" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

Article 50 campaigner Gina Miller is still receiving a torrent of abuse - and the British press is fanning the flames

<div class="KonaFilter image-container display-table"><div><div class="image on-image">Rick Wilking/Reuters</div></div></div><ul><li>There's a war for talent underway on Wall Street for investment bankers who specialize in consumer mergers and acquisitions.</li><li>A rash of senior-level consumer investment bankers have been poached by competitors in recent months.</li><li>Deal activity has been surging in the consumer space, but it's also a specialty on Wall Street in which talent is scarce and difficult to replace, contributing to the competition for top dealmakers.</li></ul>Wall Street investment banks are duking it out to hire a small cadre of dealmakers who specialize in advising some of the world's most preeminent and visible brands like Coca Cola, Unilever and Nestle. But in the high-profile consumer mergers-and-acquisitions space, which is experiencing intense levels of activity, there aren't enough rainmakers with tight company relationships to go around, and some banks are going to be left with gaping holes as the talent war unfolds, according to headhunters who specialize in investment banking. "It's wild, there are probably more consumer searches or needs out there than any other sector right now," said <a href="http://www.heidrick.com/Where-We-Work/Consultants/Ryan_Daniel_14628">Dan Ryan</a>, a partner at executive-search firm Heidrick &amp; Struggles who leads the company's New York practice. Earlier this week, Barclays announced it had hired a team of three senior bankers from UBS to join its consumer-retail group. The additions of Brett Pickett, Lowell Strug, and Peter Kuhn will help the bank fill the void created when two of its own consumer-retail bankers were lured away by Evercore this year. Adam Taetle <a href="https://www.prnewswire.com/news-releases/adam-taetle-to-join-evercore-in-april-as-a-senior-managing-director-in-the-firms-investment-banking-business-300587301.html">left Barclays in January</a> to head up the practice at Evercore, with colleague <a href="http://markets.businessinsider.com/news/stocks/wilco-faessen-to-join-evercore-in-june-as-a-senior-managing-director-in-the-firm-s-investment-banking-business-1021993050">Wilco Faessen departing just this week</a> to join him. Goldman Sachs is reportedly in the process of <a href="https://www.reuters.com/article/moves-morganstanley-frost/moves-morgan-stanley-loses-co-head-of-consumer-and-retail-investment-banking-sources-idUSL1N1RT1DN">hiring Benjamin Frost, the global co-head of consumer retail investment banking at Morgan Stanley</a>, where he serves as the consumer retail co-head. Frost could not be reached for comment. And in the fourth-quarter last year, <a href="https://www.reuters.com/article/us-citigroup-moves/bank-of-america-consumer-bankers-depart-for-citigroup-sources-idUSKBN1D72Y8">Citigroup poached</a> Bank of America Merrill Lynch's senior consumer-retail bankers, including David Finkelstein, Carl Stickel, and Jeremy Murphy."This is reminiscent of the healthcare musical chairs a couple years ago," said Noah Schwarz, a senior client partner at executive-search firm Korn Ferry. In 2015, with equity markets for biotech and life sciences firms at a fever pitch, <a href="https://finance.yahoo.com/news/banks-see-talent-flee-amid-110000403.html">demand for healthcare M&amp;A bankers sparked a string of moves</a>. The battle for consumer-focused investment bankers comes amid a torrent of dealmaking activity in the sector. It's been a bumper year for M&amp;A overall but consumer companies have been particularly acquisitive, with $234 billion worth of deals conducted so far this year, up 36% from the same period in 2017, according to data from Thomson Reuters. That includes megadeals like the $18.7 billion <a href="http://www.businessinsider.com/dr-pepper-snapple-to-merge-with-keurig-green-mountain-2018-1?nr_email_referer=1&amp;utm_source=Sailthru&amp;utm_medium=email&amp;utm_content=FinanceDaily&amp;utm_campaign=Post%20Blast%20%28clusterstock%29:%20What%20you%20need%20to%20know%20on%20Wall%20Street%20today&amp;utm_term=Finance%20Insider%20-%20Engaged%2C%20Active%2C%20Passive%2C%20Disengaged">Keurig-Dr. Pepper merger</a>, Albertsons' $7.1 billion acquisition of Rite Aid, and General Mills' $8 billion buyout of Buffalo Blue Pet Products. <h2>Triggering a talent war</h2>But unlike the wave of healthcare hires in 2015, or a similar trend in oil &amp; gas a couple years before that, the appetite for consumer retail talent is being fueled by an array of factors beyond the external market conditions.Chief among them is the scarcity of talent in consumer investment banking, according to Ryan.Deals in the sector can be sporadic and Wall Street banks typically have smaller teams covering the conglomerates like Kraft, Unilever, and Procter &amp; Gamble that dominate the industry."There's just simply a lack of bankers within in the space," Ryan said. "Generally, somebody has one or two consumer-product bankers and one or two retail bankers."That's in part a product of consolidation in the consumer space - there are only so many banker relationships a corporate giant needs - and also the broader talent drain Wall Street has suffered the past decade wit<a href="http://www.businessinsider.com/r-exclusive-three-goldman-bankers-leave-for-uber-as-tech-world-raids-wall-street-talent-2015-11">h junior bankers fleeing to opportunities on the sell-side and in Silicon Valley</a>.One investment banking headhunter, who spoke on the condition of anonymity, put it more bluntly: "There's four good teams and nine banks. There's not enough good consumer relationships going around."Ryan noted that a lot of the consumer deal activity also happens in the middle-market - smaller deals that big banks have traditionally been less preoccupied with winning.Add to the mix the rise of boutique and independent advisory firms like Evercore and Centerview Partners that have plundered top talent from the big banks and now routinely win splashy mandates on the largest deals. Banks may weather defections on larger coverage teams, but for an already depleted pool of available talent, a couple moves can set of a domino effect."You have a lack of talent to begin with, and then all of a sudden you lose senior individuals to the advisory firms, and then a war for that talent starts when two or three trades happen," Ryan said. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/market-inflection-earnings-valuations-what-to-watch-jurrien-timmer-2018-4">The market is about to reach an inflection point - here's how to predict which way it's going to go</a></h3> <div> </div> </div>

There's a war for talent on Wall Street for a key type of investment banker - and some firms will be left out in the cold

The government has approved FDI worth around Rs. 4,000 Crores for four pharma and medical devices firms. 
 
The accepted list includes Torrent Pharmaceuticals and Biocon's Syngene. However, Strides Arcolab was not allowed to issue shares to non-resident and resident equity shareholders of Shasun Pharmaceuticals. Three other drug companies’ applications have been delayed. 
 
The government’s decision to allow Torrent Pharmaceuticals' Rs. 3,000 Crores proposal for increasing FII limit to 35% from 13.09% was the biggest today. Syngene's proposal to raise FDI of about Rs. 930 Crores by raising the foreign investment to 44% from the current 10% was the second biggest in the pharmacy sector today. 
 
Others given approval are Stericat Gut Strings Pvt Ltd for FDI of Rs 43.52 Crores as it wants to sell 77.5% of its shares to Groupe Peters Surgical LLC 
 
Ordain Health Care Global Pvt Ltd was also allowed FDI of Rs. 23.34 Crore to buy assets from Alkems Fertica. 
 
The list whose proposals were delayed includes Celon Laboratories, Shantha Biotechnics and Sparsha Pharma International. 
 
(Image credit: Indiatimes)

Whopping Rs. 4,000 Crores FDI boost for Indian Pharma

For most of us, <keyword id="6546574" type="General" weightage="80" keywordseo="octopus" source="Orion">octopus</keyword> mating is the kind of thing you'd bury deep beneath the incognito tab of your browser history. But for a crack team of researchers studying Antarctic <keyword id="1583699" type="General" weightage="20" keywordseo="ice-melt" source="Orion">ice melt</keyword>, it's a subject they can't get enough of – and not for the reasons you might think! Under the icy grip of <keyword id="19945467" type="General" weightage="100" keywordseo="antarctica" source="keywords">Antarctica</keyword>, where sunlight struggles to penetrate and temperatures plummet well below zero, thrives a fascinating creature: the <keyword id="19945468" type="General" weightage="20" keywordseo="turquet" source="Orion">Turquet</keyword>'s octopus. Its DNA, a tangled tale of past dalliances and daring encounters, holds the key to understanding a continent's precarious future. This half-foot wonder lays only a handful of oversized eggs on the seabed, investing heavily in their survival and growth. Coupled with the region's unpredictable currents, this means the species rarely strays far from its familiar haunts, dotting the icy landscape around Antarctica. Scientists, like modern-day octopus whisperers, have cracked the genetic code of these eight-legged time capsules. By studying the DNA of separate populations, they stumbled upon a remarkable truth: around 125,000 years ago, when Earth enjoyed a warmth akin to today, an ice-free corridor snaked across Antarctica. Through this watery highway, Turquet's octopuses embarked on scandalous intermingling with distant cousins they'd barely met before, their genes weaving a tapestry of shared ancestry. But before you start daydreaming about octopus rom-coms, this revelation throws up a chilling concern. If the West Antarctic Ice Sheet (WAIS) melted during a period similar to our current climate, it suggests its future stability is worryingly fragile. Studies show that a potential WAIS collapse could unleash a torrent of meltwater, raising sea levels by a staggering 3.3 to 5 metres. The study also uncovers a double whammy – two distinct periods of WAIS collapse, one in the mid-Pliocene and another during the Last Interglacial, a warm spell eerily similar to our own. This chilling coincidence serves as a stark reminder: the ice sheet has buckled before, and it could well do so again. The consequences of a WAIS collapse are nothing short of catastrophic. Coastal cities housing millions worldwide would be submerged, ecosystems shattered, and the map of our planet forever altered. The fate of the WAIS hangs in the balance, and the time to act is now – not just for ourselves, but for the octopuses, the penguins, the seals, and all the creatures who call Antarctica home.

Octopus DNA gives scientists a glimpse into Antarctica's ancient past, and a possible highly unstable future

<ul class="summary-list"><li>Meta tried to use copyright law to get a version of its Llama AI model removed from GitHub. </li><li>Meanwhile, Meta argues fiercely against other copyright holders using those same protections.</li></ul><a target="_blank" href="https://www.businessinsider.com/facebook-turning-20-mark-zuckerberg-meta-future-ai-ceo-2024-1">Meta</a> argues strongly that copyright law shouldn't apply when online content is being used for free to build <a target="_blank" href="https://www.businessinsider.com/ai-killing-web-grand-bargain-2023-8">AI</a> models. Unless the content in question belongs to Meta.The company formerly known as Facebook is investing heavily in AI, releasing models and <a target="_blank" href="https://www.businessinsider.com/generative-ai-reliant-on-big-tech-2023-12">generative AI</a> tools to catch up with the explosive popularity of OpenAI's <a target="_blank" href="https://www.businessinsider.com/everything-you-need-to-know-about-chat-gpt-2023-1">ChatGPT</a>.Meta has joined Big Tech cohorts like Google and Microsoft in arguing to the US Copyright Office that the mountain of copyrighted text, imagery, and data <a target="_blank" href="https://www.businessinsider.com/ai-killing-web-grand-bargain-2023-8">scraped for free and used to train</a> AI models is not protected under <a target="_blank" href="https://www.businessinsider.com/generative-ai-copyright-meta-google-openai-a16z-microsoft">copyright law</a>. Meta thinks effectively that everything available on the internet falls under "fair use," because AI models like Llama do not exploit or reproduce copyrighted works. (Although they, <a target="_blank" href="https://www.nytimes.com/interactive/2024/01/25/business/ai-image-generators-openai-microsoft-midjourney-copyright.html">in fact</a>, <a target="_blank" href="https://www.businessinsider.com/openais-latest-chatgpt-version-hides-training-on-copyrighted-material-2023-8">very often</a>, <a target="_blank" href="https://www.businessinsider.com/nyt-sues-open-ai-microsoft-alleging-trained-chatgpt-off-content-2023-12">do</a>).However, a few months before pushing this copyright stance, Meta attempted to argue in favor of broader copyright protections for Llama.<h2>Meta's takedown request</h2>In early 2023, an initial version of Llama leaked online, leading the large language model and its specifications to be torrented and then posted to <a target="_blank" href="https://www.businessinsider.com/github-ai-copilot-launch-legal-challenges-2023-12">GitHub</a>, an online coding website owned by Microsoft.Meta sent GitHub a demand that it immediately take down or "cease access" to the model, according to a copy of the request that GitHub hosts on its site. The takedown request was noticed by Franklin Graves, a lawyer and author of a newsletter about the creator economy, who posted recently to X about Meta's request."We have a good faith belief that use of the Meta Properties materials described above on the website is not authorized by the copyright owner, its agent, or the law," Meta argued in the request.The <a target="_blank" href="https://github.com/github/dmca/blob/280652a060b86de87f223737ae54307a292fb96b/2023/03/2023-03-21-meta.md">takedown notice</a> was submitted through the Digital Millennium Copyright Act, or DMCA, a law that extended the reach of copyright law for the internet age. It passed in 1998, almost 6 years before Facebook was founded.<h2>A not-funny joke</h2>"No one is authorized to exhibit, reproduce, transmit, or otherwise distribute Meta Properties without the express written permission of Meta," the company wrote in its DMCA letter to GitHub."Now... who is going to be the first to make a joke about the irony of Meta using copyright to protect its LLM?" Graves <a target="_blank" href="https://twitter.com/franklingraves/status/1751011381862691291">wrote</a> on X.The irony is blatant. Meta does not ask for authorization from millions of authors, artists, writers and other content creators when it uses their online creations to train and build Llama. When Meta's content is being treated the same way, then it's somehow illegal.A Meta spokesman declined to comment. In comments to the US Copyright Office, the company's argument is something along the lines of — well training large language models is too hard without using everyone else's data for free and without permission.As it told the USCO late last year, Meta thinks it's "impossible for AI developers to license the rights" to all of the copyrighted information needed to build LLMs. And yet, the models created from this information should be protected by copyright, according to Meta's letter to GitHub.<h2>A failed attempt</h2>Meta's attempt to get the early Llama model removed from the developer platform failed in the end.Although GitHub did initially remove it, the GitHub user who posted the Llama details disputed the action, saying the model specifications at issue, referred to as "weights," did "not have sufficient originality to be copyrightable" because "they were copied from the works used to train Llama" and did not involve human selection.The Llama repository remains up, and Meta subsequently released new versions of Llama as mostly <a target="_blank" href="https://www.businessinsider.com/meta-llama-2-ai-model-not-open-source-2023-7">"open source,"</a> allowing it to be freely downloaded by many developers without a license.<h2>A notable success</h2>It's notable that a single GitHub user successfully argued that, because Llama is essentially made up of copied parts and works, its specifications are not copyrightable.However, this has not stopped Big Tech companies from arguing for more copyright protections for their AI models.Several companies that submitted comments to the USCO, like Microsoft, OpenAI and even Apple, argue that outputs of their AI models and tools fall under copyright protection. That's even as lawyers for these companies insist that the billions of copyrighted inputs required to train the models cannot be similarly protected. (Meta and Google have so far not weighed in on whether AI model outputs should be protected or not).Apple's support of copyrightable outputs from generative AI focused on the creation of computer program code, saying that when a human makes "decisions to modify, add to, enhance, or even reject suggested code," the final result should be protected by copyright law.

Meta used copyright to protect its AI model, but argues against the law for everyone else 

With another round of bidding for <keyword id="6360090" type="General" weightage="100" keywordseo="reliance-capital" source="Orion">Reliance Capital</keyword> Ltd slated later this month, the question is whether the final value of the debt-laden company would be found and lenders will be able to realise their monies early or will the matter go to the apex court? Recently, the National Company Law Appellate Tribunal (NCLAT) ordered in favour of Reliance Capital lenders and allowed another round of auction for the financial services company. The lenders had approached NCLAT against an earlier order of the National Company Law Tribunal (NCLT) restraining the Committee of Creditors (<keyword id="230701" type="General" weightage="80" keywordseo="coc" source="Orion">CoC</keyword>) from extending the auction round to find higher value for the company. The initial bidding process ended on December 21, 2022 and Torrent Investments was found to be the highest bidder with Rs 8,640 crore. Soon after that, the Hinduja Group's <keyword id="1424679" type="General" weightage="80" keywordseo="iihl" source="Orion">IIHL</keyword> made an offer of Rs 9,000 crore. In its written submission before NCLAT, one of the members of CoC Vistra ITCL said: "NCLT has usurped the jurisdiction of the CoC by holding that the CoC has to vote on the Rs 8,640 crore plan of Torrent and Rs 8,110 crore plan of IIHL and that CoC has no jurisdiction to negotiate even on the figures." It further argued that NCLT has not even looked at these plans and there is no Rs 8,110 crore plan of IIHL and NCLT has substituted its opinion for that of CoC, which is not permissible under the Insolvency and Bankruptcy Code (IBC). The appellant submitted that Torrent Investments has, within a span of 24 days, increased the values of the bid from Rs 1,100 crore upfront to Rs 3,750 crore upfront and then further within 2 weeks from Rs 3,750 crore upfront to Rs 8,640 crore upfront, and the same was the case with IIHL. The appellant contended that CoC therefore clearly feels that there is more value to be discovered and the same cannot be interdicted by judicial intervention at this stage. In the next round of bidding, the minimum/reserve price will be Rs 8,000 crore cash upfront, then round one will be Rs 9,500 crore and then it will be Rs 10,000 crore and Rs 250 crore after each round, it is learnt. But the moot point is if Torrent Investments goes to the Supreme Court against the NCLAT order then there will be a legal delay in the resolution process and why would bidders participate if the matter is to be settled by the apex court. Incidentally, maximisation of the value for the stakeholders is the ground on which the IBC firmly rests. There are several examples of the success of COC's commercial wisdom and the ability to renegotiate to get a better deal for the stakeholders of a corporate debtor. For instance, in the case of DHFL which had a debt of Rs 88,000 crore, the first offer made by the Piramals to acquire was Rs 15,000 crore. But after negotiations/revision/fresh plans, the revised offer went up by Rs 22,250 crore to Rs 37,250 crore. In respect of the SREI debt (Rs 32,791 crore) resolution, the initial offer for the company was Rs 3,402 crore and National Asset Reconstruction Company Ltd (NARCL) while the value of the resolution plan after negotiation/revision/considering fresh plans the amount went up by Rs 11,465 crore to Rs 14,867 crore. The same is the case with a couple of other corporate debt resolution plans: Essar Power, the initial resolution plan value of ArcelorMittal was Rs 32,000 crore and was revised upwards by Rs 10,000 crore to Rs 42,000 crore. Bhushan Power and Steel - debt Rs 48,719 crore; first-round value was said to be Rs 15,000 crore and revised for about Rs 24,500 crore by JSW Steels; Binani Cement - debt Rs 7,500 crore; initial resolution plan value was Rs 6,932 crore and later went up to Rs 7,950 crore by Ultratech Cement; Bhushan Steel - debt Rs 59,207 crore; value of resolution plan after negotiation/revision/fresh plans Rs 35,200 crore plus 12 plus equity stake; Videocon - debt Rs 64,938 crore; first-round value about Rs 2,962 crore by <keyword id="15683960" type="General" weightage="50" keywordseo="twinstar-technologies" source="Orion">Twinstar Technologies</keyword>. After the CoC withdrew its approval of <keyword id="3244266" type="General" weightage="50" keywordseo="twinstar" source="Orion">Twinstar</keyword>'s plan, three Expressions of Interest for the company have been received, as per reports. Interestingly in the case of Reliance Capital with a debt of about Rs 25,500 crore, the value of the resolution plan after the first round was about Rs 2,591 crore. The resolution value went up to Rs 9,000 crore which was made by the Hinduja group's IIHL. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/for-many-years-after-independence-there-was-no-long-term-vision-in-health-sector-pm/articleshow/98444722.cms">For many years after Independence, there was no long term vision in health sector: PM</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/entertainment/news/amitabh-bachchan-injured-during-film-shoot-in-hyderabad/articleshow/98444560.cms">Amitabh Bachchan injured during film shoot in Hyderabad</a>

Will Reliance Capital lenders get their dues fast or will there be legal delays

The <keyword id="120582" type="General" weightage="20" keywordseo="hinduja-group" source="Orion">Hinduja group</keyword> has made an offer to invest an additional ₹300 crore in <keyword id="157626" type="General" weightage="20" keywordseo="reliance-general-insurance" source="Orion">Reliance General Insurance</keyword>. <keyword id="10926" type="General" weightage="20" keywordseo="reliance" source="Orion">Reliance</keyword> General Insurance, a unit of Reliance Capital, needs a cash infusion to maintain solvency levels. IndusInd International Holdings Ltd (<keyword id="1424679" type="General" weightage="20" keywordseo="iihl" source="Orion">IIHL</keyword>), which is owned by <keyword id="28125" type="General" weightage="20" keywordseo="hinduja" source="Orion">Hinduja</keyword>, made the highest bid of ₹9,650 crore for Reliance Capital in a second auction on Wednesday. Reliance General Insurance had sought ₹600 crore cash infusion from lenders in December last year to meet the solvency requirements of the IRDA. The lenders earlier rejected the call for fund infusion from their pocket, putting the onus on the general insurance firm to the incoming investor. The bid amount of ₹9,650 crore will go to lenders who had lent ₹24,000 crore to Reliance Capital. The Committee of Creditors (COC) of Reliance Capital will hold a meeting on Friday where the top officials of the Hinduja group will make a presentation on its resolution plan. Reliance Capital owns a 51 per cent stake in Reliance Nippon Life Insurance and 100 per cent in Reliance Nippon General Insurance. The Hinduja group has a presence in the financial services sector through its stake in Indusind Bank and Hinduja Leyland Finance, a non-banking finance company owned by Ashok Leyland. The group has a housing finance business which is core to its strategy to increase its presence in financial services. At a consolidated level, as on December 31, 2022, the AUM (assets under management) of Hinduja Leyland Finance stood at ₹33,353 crore of which the housing finance business accounted for 18 per cent. In addition to ₹9,650 crore, the company has also offered ₹300 crore capital infusion in Reliance General Insurance, and another ₹50 crore for other expenses. The total value of IIHL's bid is ₹10,000 crore. The total Hinduja bid is ₹1,900 crore more compared to its own bid of ₹8,110 crore in the first challenge mechanism. Torrent, which decided to skip the second auction, had offered ₹8,640 crore in the first auction. The new Hinduja bid is higher by ₹1,380 crore. Torrent has moved the Supreme Court on banks' plans to launch a second auction. The matter will be heard in August. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/how-to-grant-social-benefits-to-same-sex-couples-sc-asks-centre/articleshow/99815407.cms">'How to grant social benefits to same-sex couples', SC asks Centre</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/anil-agarwal-makes-zero-debt-pledge-says-very-comfortable-servicing-debt/articleshow/99815431.cms">Anil Agarwal makes 'zero debt' pledge, says 'very comfortable' servicing debt</a>

Hinduja group offers to infuse ₹300 crore in Reliance General Insurance

<ul class="summary-list"><li>The VC funding picture for late-stage startups is looking pretty grim with capital hard to come by.</li><li>It's taking longer to raise funding and the bar to land a deal is pretty high. </li></ul>It's been a pretty <a target="_blank" href="https://www.businessinsider.com/startup-mass-extinction-event-has-begun-venture-capital-2023-6">brutal year for startups</a> and their founders looking to raise venture capital funding. And now it's taking even longer to land a deal.Recent third-quarter data from the equity ownership platform, Carta, points to a grim state of affairs for startups that use its platform: the <a target="_blank" href="https://carta.com/blog/state-of-private-markets-q3-2023/#industry-specific-data">time between funding rounds is getting longer</a>.For those startups that raised a Series C in the third quarter of 2023, the average time since they last raised a Series B was 1,090 days, or about three years. And for those startups that raised a Series A, the average time from its seed round was 787 days, or a bit more than two years — though, that average wait was much shorter earlier this year, according to Carta's data.Many of those startups last raised capital around mid-2020, just as the venture capital industry was recovering from the pandemic shock to the markets, or were lucky enough to raise during the 2021 to early 2022 <a target="_blank" href="https://www.businessinsider.com/2021-has-been-a-record-breaking-year-for-venture-capital-2021-12">funding boom</a>.This longer wait time between rounds isn't totally surprising since VC funding this year has been its lowest since 2018. At $36.7 billion, funding in the third quarter is the lowest quarterly total raised in over five years in the US and Canada, and a slight dip from the second quarter of 2023, according to PitchBook data. The number of deals done in Q3 versus Q2 remained relatively flat — and PitchBook analysts don't believe much will change in the fourth quarter of 2023."The late stage has distanced itself from the other stages, as the capital supply for its companies has been consistent in its dearth throughout the year," they wrote in the data firm's Q3 Venture Monitor report. "There is no expectation that dealmaking for US VC will shift during Q4, and the market should continue to operate as it currently is."So, VCs are going to continue to be stingy with their capital, leaving nearly 51,000 startups in <a target="_blank" href="https://www.businessinsider.com/silicon-valley-fears-exctinction-event-startup-failure-rate-increase-2023-6">search of cash and precious VC time</a> in a Hunger Games-esque competition for the rest of the year, and potentially well into 2024. That means available capital "will remain low until an exit market can reappear and pull money, and companies, through the venture lifecycle," PitchBook's analysts wrote.The current state is even more acute for late-stage investing, as more VCs have backed away from writing large checks. For those startups that do get a check, the bar is pretty high. But for those companies that may not be performing as well, things could get ugly."On the other hand, mediocre companies that are unable to hit milestones or demonstrate progression toward a path to profitability will encounter major hurdles for future financing events," PitchBook's analysts wrote.And we're already seeing the effects of that capital strain.<a target="_blank" href="https://www.businessinsider.com/startup-wave-shutdowns-late-2023-vc-2023-8">Startup extinction season</a> is well underway and it seems as though we're seeing a startup per week bite the dust. Last week, Olive AI, the once $4 billion healthcare-focused AI startup unicorn, announced it was <a target="_blank" href="https://oliveai.com/media-center/olive-announcement-oct-2023">selling off its core business units and shutting down</a> the rest of the company. And a few weeks ago, Convoy, the digital freight startup once hailed as the "Uber for trucking" — that raised $1.1 billion from investors like Jeff Bezos, Bill Gates, Marc Benioff and other tech notables — <a target="_blank" href="https://www.wsj.com/articles/flexport-buys-tech-backbone-of-failed-startup-convoy-e6a1a8ea">shut down and is selling its technology</a> to one of its main startup competitors in the space, Flexport, multiple outlets reported.In a <a target="_blank" href="https://www.cnbc.com/2023/10/19/bezos-backed-freight-firm-convoy-shuts-down-read-ceo-memo-here.html">memo sent to staff</a>, published by CNBC, Convoy cofounder and CEO Dan Lewis summed it up quite well, calling the current market conditions a "perfect storm" of events to explain in part, why the company failed."Alongside this unprecedented freight market collapse, the dramatic monetary tightening we've seen over the last 18 months has dramatically dampened investment appetite and shrunk flows into unprofitable late stage private companies," Lewis wrote.It's very likely that the demise of Olive AI and Convoy — among two of the most highly valued and well-capitalized startups to shut down thus far — is just the beginning of a torrent of late-stage companies about to meet a similar fate.

You Searched For "torrent investments" and got 13 results

Torrent Investments not to participate in 2nd auction for Reliance Capital; Hinduja sole bidder

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SEBI to auction 66 properties of Saradha Group to recover investors' money

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RCap resolution: NCLAT issues notices to Torrent Investments and others on the lender's plea

PTI

Veteran investor Bill Miller flips Warren Buffett's Bitcoin snub to argue crypto beats cash

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Do you know how big Online Piracy really is?

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Article 50 campaigner Gina Miller is still receiving a torrent of abuse - and the British press is fanning the flames

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There's a war for talent on Wall Street for a key type of investment banker - and some firms will be left out in the cold

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Whopping Rs. 4,000 Crores FDI boost for Indian Pharma

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Octopus DNA gives scientists a glimpse into Antarctica's ancient past, and a possible highly unstable future

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Meta used copyright to protect its AI model, but argues against the law for everyone else

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Will Reliance Capital lenders get their dues fast or will there be legal delays

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Hinduja group offers to infuse ₹300 crore in Reliance General Insurance

IANS

The great startup cash crunch is underway — and it's forcing late-stage companies to face their demise

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