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Edtech startup Arivihan raises $10 Mn in Series A led by Accel and Prosus
Bengaluru- based edtech startup Arivihan has raised $10 million in Series A funding from existing investors Accel and Prosus Ventures, along with an additional $200,000 from its existing GSF angel investors. The round takes the company’s total funding to more than $15 million. Entrackr recently reported on the company’s new funding and estimated that its valuation had jumped 3.3X to around $60 million. The fresh capital will be used to expand into new states and strengthen its presence in Madhya Pradesh, Uttar Pradesh, Rajasthan and Bihar. The company also plans to expand its CBSE offering, develop more vernacular language capabilities and increase its AI research efforts. Founded in 2022 by Ritesh Singh Chandel, Sonu Kumar and Rushabh Kothari, Arivihan offers an AI based learning platform for school students. Its platform provides interactive video lessons, instant doubt solving and AI driven study plans without relying on live teachers. The company currently serves students prepar...
Sensex rises 130 points, Nifty falls below 22,700 amid cooling oil, rising bond yields. What lies ahead?
Indian shares traded mixed as easing oil prices supported sentiment, while surging US bond yields kept investors cautious. Sensex gained around 130 points, while Nifty slipped below 22,700 amid weak global cues.
Sensex rises 190 points in early trade after two days of losses
The 30-share BSE Sensex advanced 190 points to 72,733.04 in early trade. The 50-share NSE Nifty was up 22 points to 22,735.20
Rupee trades in narrow range against U.S. dollar in early trade
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 101.40, higher by 0.04%
Cupid shares rally 16% in two sessions. What’s behind the sharp uptick in the multibagger stock?
Cupid shares surged 7% after entering the Nifty Smallcap 250 index, extending gains to 16% in two sessions. The company has raised FY27 revenue and profit guidance following strong quarterly growth. Nuvama estimates around $10 million in potential inflows, while Cupid targets continued expansion across healthcare exports and consumer businesses.
Who is Casey Bloys? HBO boss to lead Paramount streaming after $110 billion Warner Bros. Discovery merger
The leadership shakeup after the $110 billion merger follows the departure of Paramount Skydance streaming chief Cindy Holland.
Economy Showing Strength: Das says India stays robust on demand; warns Global South on risks
The Indian economy showcases resilience, buoyed by strong domestic demand and ongoing sectoral activity. High-frequency indicators reveal a widespread economic uptick, particularly driven by increased rural demand. Nevertheless, the crisis in West Asia has led to rising energy costs and inflation challenges, influencing global economic growth. To tackle issues like food security and energy transition, coordinated efforts among Global South nations are essential.
Nifty nears longest losing streak in 25 years. Can bulls stop the 8th consecutive weekly selloff?
Indian equities face continued pressure from global uncertainty, crude prices and foreign investor outflows, but analysts see domestic resilience and moderating valuations providing support. The Nifty has become relatively cheaper after its recent correction, with earnings still growing. However, the near-term outlook hinges on the index holding 22,600 and attracting sustained buying to prevent an eighth consecutive weekly decline.
OpenAI to seek $30 billion in fresh funding at a valuation of $1.4 trillion amid growing AI risks debate
OpenAI is seeking $30 billion in fresh funding at a valuation of about $1.4 trillion as it delays its IPO plans. The move comes amid growing competition with Anthropic and increasing scrutiny over AI safety risks.
EDT raises $2.4 Mn in Pre Series A round led by Sauce, enters beauty tech
Mumbai based consumer technology brand EDT has raised $2.4 million in a Pre Series A round led by existing investor Sauce. Existing angel investors also participated in the round. The round also saw participation from Alteria Capital, Raul Rai of Nicobar, Shibam Das and Arindam Paul of Atomberg, Ajith Pai of Delhivery and Anushree Tainwala of Samsonite. EDT will use the funds to build inventory ahead of the festive season, launch new products and strengthen its growth, supply chain, brand and product teams. Founded in 2025 by Naiyya Saggi and Vyasateja Rao, EDT currently offers kitchen appliances including LUMA air fryer oven and FLOW kettle. Its products are available on Amazon, Flipkart, Blinkit, Croma, FoodStories and its D2C platform. The company said its business on Amazon grew nearly seven times between March and July 2026. The company has also entered the beauty tech segment with SUKI, a hair dryer based on its patent pending CareDry Algorithm. EDT said the device uses dual s...
IPO Listing Today: Swastika Infra At 8% Premium; Elevate Campuses, ArMee Infotech Show Mixed Signals
The prices in the opening session show mixed trend, with Swastika Infra commanding a premium of 8%, while Elevate Campuses below its upper price band and ArMee Infotech was flat.
Neuberger Berman's Conrad Saldanha sees private banks as India's next opportunity; says AI capex cycle remains intact
Neuberger Berman's Conrad Saldanha expects the AI investment cycle to continue through 2027 and 2028, supporting technology spending globally. While he sees risks from rising bond yields, he believes Indian private sector banks have become attractive after underperforming and could offer opportunities over the next 6-12 months.
Gold prices rise Rs 1,100/10 gram; silver up Rs 1,050/kg ahead of inflation data. Key levels to track
Gold and silver prices rebounded on the MCX on Wednesday, snapping a three-day losing streak as investors awaited US inflation data and the Federal Reserve’s policy cues. Expectations of higher interest rates continued to weigh on bullion demand. Traders are also tracking the US nonfarm payrolls report, while analysts advise caution amid market volatility and outline key support and resistance levels for gold and silver.
Rupee slips to 95.97: Currency hovers near 96 amid oil demand, FPI outflows
In the early trading session, the rupee opened at 95.87 against the US dollar but quickly fell to 95.97. This decline is attributed to strong demand for dollars from oil marketing companies. To curb the rupee's decline below the 96 mark, state-run banks are stepping in. Additionally, foreign portfolio outflows totaling around $2.2 billion this month are further straining the currency.
Global Market: Japan’s Nikkei rises as AI stocks track US chip gains
Japan’s Nikkei rose 1.3% on Wednesday, led by AI and semiconductor stocks, while banking and shipping shares also advanced. SoftBank, Tokyo Electron and Advantest gained, though overall market breadth remained weak.
Record quarter primes India IPO market for blockbuster year
India’s IPO market is on track for another strong year after raising over $13 billion so far, including a record $9 billion in the third quarter. Large deals and strong domestic demand support the pipeline, with numerous companies awaiting approvals. However, market volatility, investor selectivity and valuations could influence upcoming issuance and timing.
Lowdown: Inside IRDAI’s consultation paper on the Public Insurance Registry
IRDAI’s proposed Public Insurance Registry could unify insurance data, speed up claims and enable an Insurance Risk Score, while raising questions about privacy, profiling and data sharing. The post Lowdown: Inside IRDAI’s consultation paper on the Public Insurance Registry appeared first on MEDIANAMA .
HR Perspectives by Sharad K. Sharma: “We try to keep emotion out of people decisions”
Pramerica Life Insurance operates in a sector where the frontline workforce is large, geographically dispersed and under constant sales pressure. Attrition is a structural feature of the industry rather than an anomaly. The more useful question for HR, therefore, is not simply why people leave, but when the conditions that eventually lead to an exit [...] The post HR Perspectives by Sharad K. Sharma: “We try to keep emotion out of people decisions” appeared first on HR Katha .
Son claims share in mother’s house, cites Rs 2.1 lakh given; couple ordered to vacate
The case involved a son who continued living in his mother's house after his marriage despite having no independent title over the property. His mother, meanwhile, relied on a General Power of Attorney (GPA), an Agreement to Sale and a Will as documents establishing her ownership of the house.
4 IPOs listings today: Adroit lists makes solid debut, Swastika Infra up; Elevate & ArMee disappoint
Four IPOs including Elevate Campuses, ArMee Infotech, Adroit Industries (India) and Swastika Infra made their stock market debuts today. Check listing prices, GMP and investor gains.
US Market: Fed’s Barr backs further rate hikes as inflation risks remain elevated
Federal Reserve Governor Michael Barr said elevated energy prices and AI-driven investment are complicating progress toward the 2% inflation target. He indicated further rate increases may be needed, while noting resilient employment and stronger growth. Markets expect another 25-basis-point hike in October as policymakers balance inflation risks against labour-market conditions.
Global Market: Yuan heads for seventh straight quarterly gains as exporters boost dollar sales
China’s yuan strengthened against the dollar, heading for its seventh straight quarterly gain, supported by exporter dollar selling, stronger factory activity and a weaker U.S. currency. The yuan has gained 4.3% this year. Beijing’s latest measures to support infrastructure, technology and housing also improved investor sentiment and economic recovery expectations.
Coverfox founder, brokers raise concerns over IRDAI insurance distribution overhaul
Sanjib Jha has questioned IRDAI’s proposed commission cuts, including a 2% cap for loan-linked protection, while IBAI has warned of job losses and slower insurance growth.
Goldman Sachs CEO Succession: John Waldron Was Once Rejected By The Bank. Now He May Take Over In 2027
The 57-year-old, who is currently president of Goldman Sachs, was once rejected by the same investment banking giant when he applied for a job straight out of college.