GENERAL ATLANTIC
Weather forecast snow storm: Check met department area wise prediction for this week
US weather forecast for snow storm is out and there is possibility that a few areas will receive snowfall this week.
Georgia repurposed retired chicken cages as estuary reefs in the 1990s; years later, the structures remained stable and supported oyster growth
In an innovative move, Georgia has transformed chicken transport cages into artificial reefs to bolster marine life. Initiated in 1990, successful projects in Jove Creek and Van Dyke Creek highlighted the potential of this strategy. However, not every venture, like the Gold-Kist cages, yielded the same success. This initiative showcases how local industrial waste can contribute to environmental restoration, emphasizing the value of recycling in marine conservation efforts.
Greenland approves security deal with Denmark and US following months of Trump's pressure
Greenlandic lawmakers voted 16-0 to approve a security agreement with Denmark and the United States. This deal aims to strengthen military presence in the Arctic while keeping Greenland under Danish control. Although some residents express concerns about its implications for Greenlanders, they hope to curb American threats. The agreement will take effect after Danish parliamentary processes are completed later this month.
With G-sec yields rising, countries have no alternative but to increase their bullion holdings
In India yield on T-year G secs has increased by 0.4 percentage points over the same period. Unfortunately, governments are confronting these higher borrowing costs precisely at a time when debt is elevated, with global public debt expected to exceed 100% of GDP by 2030, a level last reached in the immediate aftermath of WW2.
Who is Brett Sylvia, the Pentagon general accused of leaking classified information?
Lt. Gen. Brett Sylvia, a senior US Army officer, was reportedly removed from his role as director of Strategy, Plans and Policy on the Pentagon’s Joint Staff by Defense Secretary Pete Hegseth over alleged leaks of classified information. His dismissal has raised questions about Pentagon security protocols and senior military leadership.
US removes top military strategy official amid possible Iran strikes
Army Lieutenant General Brett Sylvia has been relieved of his strategy and planning duties within the Joint Chiefs of Staff. This removal coincides with reports of President Donald Trump contemplating new military strikes against Iran. Defense Secretary Pete Hegseth previously announced significant cuts to military leadership, emphasizing accountability and a shift in military focus.
Hegseth fires Pentagon's top military planner Brett Sylvia even as Trump considers new Iran strikes
Defense Secretary Pete Hegseth has dismissed Army Lt. Gen. Brett Sylvia, the Pentagon's top military planner, amid escalating tensions with Iran. This dismissal is part of a broader trend of military leadership changes under Hegseth, including multiple generals. President Donald Trump is considering new military operations against Iran following the upcoming midterm elections. Additional troops and an aircraft carrier are being sent to the region in preparation.
Jio Platforms shares surge 21% on debut, overtake Airtel in market cap
Jio Platforms made a remarkable entrance in the stock market, soaring 21.4% above its IPO price on the first day of trading. Closing at ₹1,417.35, the stock surpassed Bharti Airtel in market capitalization. With a staggering 22 times oversubscription, the IPO attracted considerable institutional backing. At the launch event, executive director Anant Ambani recognized the invaluable support from millions of subscribers.
Exclusive: Unacademy founders Gaurav Munjal, Roman Saini plan Rs 700 crore AI, deeptech fund
The fund, named Longshot Capital, has secured commitments of about Rs 300 crore and is targeting its first close in January 2027, following which it plans to begin investing, the people said. Fundraising discussions are continuing, and the size and timing of the first close could change.
AI efficiencies shield Q2 IT margins from transatlantic macro headwinds
HCLTech’s margin rose 131 basis points quarter-on-quarter to 18.2%, Tech Mahindra’s increased 40 basis points to 14.8%, Wipro’s climbed 50 basis points to 16.5%, LTM’s edged up 10 basis points to 15.6%, and LTTS’ expanded 60 basis points to 16.3%.
Iran claims Strait of Hormuz control, warns US warships against entering Persian Gulf amid fresh strike threat
Iran has declared full control over the strategic Strait of Hormuz and warned against US military entry. Meanwhile, US officials hinted at the possibility of an imminent strike on Iran amid ongoing diplomatic efforts. Iranian military leaders have dismissed claims of weakened military capabilities and questioned US assertions about Iran's nuclear facilities. Reports indicate that two supertankers recently experienced accidents in the region, although details remain unverified.
Will Ambani's all-fresh Jio sale prove to be a masterstroke for investors?
Reliance Jio is set to roll out an ambitious Rs 30,213 crore IPO featuring solely new equity shares, not existing ones. In light of mixed results from recent Indian IPOs, this move aims to cut down Jio's debt while bolstering its financial standing. The company's IPO, valued at Rs 10.
Jio IPO: Meta, Google sit on nearly ₹1 lakh crore paper profit & neither is selling
Meta Platforms and Google are poised to realize significant gains from their Jio investment made in 2020. To bolster its growth, Jio Platforms is moving forward with an initial public offering planned to raise around ₹30,213 crore, achieving a valuation of ₹10.3 lakh crore. Neither Meta nor Google plans to divest shares in this round as existing backers maintain their stakes.
Jio IPO Bonanza: How global investors’ stakes have grown since 2020
Meta-backed Jaadhu Holdings, which acquired a 9.98% stake in Jio Platforms for around Rs 43,574 crore in 2020, now holds shares valued at around Rs 99,846 crore at the IPO price. Google, which invested around Rs 33,737 crore for a 7.73% stake, has seen the value of its holding rise to around Rs 77,307 crore.
Study says global warming did more than El Nino to turbocharge Hurricane Polo
A recent study reveals that climate change and El Nino greatly influenced Hurricane Polo's intensity. The research shows climate change added about 6 mph to Polo's strength compared to 5 mph from El Nino. Without these factors, Polo would still have been a powerful storm. Scientists emphasize that climate change significantly increases the frequency of such severe hurricanes. This research highlights the profound impact of climate change on storm dynamics.
Skyroot eyes funding boost; MDR deferment cheers D2C brands
Happy Thursday! Skyroot is eyeing a big funding round as it gears up to scale rocket production. This and more in today’s ETtech Morning Dispatch.
India first, orbit next: Skyroot eyes $300 million dual valuation plan
Skyroot is in talks with Indian family offices to raise $150 million at a valuation of $2.3-2.5 billion, while the company is seeking to mop up the same amount from global investors such as General Catalyst, General Atlantic and Silicon Valley venture fund Benchmark at a higher valuation of up to $3 billion, the people said.
Jio Platforms files red herring prospectus for India’s biggest public issue
Jio Platforms has filed the red herring prospectus for its initial public offering, aiming to raise ₹30,213 crore. The IPO includes a fresh sale of up to 270 million equity shares, with no offer for sale component. Parts of the proceeds will be used to prepay significant borrowings at Reliance Jio Infocomm. Eligible shareholders of Reliance Industries can apply for shares in this IPO.
General Atlantic, ChrysCapital in talks to invest Rs 300-400 crore in ice cream brand Hocco; valuation may jump 80%
The company’s valuation could rise to Rs 4,000-4,500 crore from Rs 2,500 crore, driven by rapid topline growth at the company founded by Ankit Chona of the family behind Havmor ice creams.
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