Gurugram Metro Project Gets a Boost with Revised Funding Plans
Published on: May 18, 2026, 7:17 p.m. | Source:
Devdiscourse
The Haryana Cabinet has approved the revised cost of the Gurugram Metro project, increasing from Rs 5,452.72 crore to Rs 10,266.54 crore, amid funding restructuring facilitated by the World Bank. This move aims to enhance urban mobility and integrate metro and railway services in Gurugram.
Naidu's Push for Timely Completion: Andhra's Irrigation Overhaul
Published on: May 18, 2026, 7:12 p.m. | Source:
Devdiscourse
Andhra Pradesh CM N Chandrababu Naidu urges officials to adhere to the new irrigation calendar, targeting the completion of key projects to enhance water security. Emphasizing deadlines and adequate funding, he aims for infrastructure excellence and compensatory measures for displaced families, alongside proposing a new tourist-friendly project.
Published on: May 18, 2026, 6:48 p.m. | Source:
Devdiscourse
The U.N. refugee agency is facing a financial crisis, necessitating job cuts and reform, as funding falls significantly. Despite rising global displacement, the agency expects a funding shortfall in 2026, with contributions dropping significantly. The UNHCR urges donors for more flexible aid to sustain its operations.
Delhi HC Grants Interim Bail To Engineer Rashid To Attend father’s Funeral
Published on: May 18, 2026, 6:25 p.m. | Source:
Daily Excelsior
New Delhi, May 18: The Delhi High Court on Monday granted interim bail till June 2 to Baramulla MP Sheikh Abdul Rashid alias Engineer Rashid, who is lodged in prison in a terror-funding case, following his father’s demise. A bench of Justices Prathiba M Singh and Madhu Jain said during the interim bail period, Rashid shall always be accompanied by at least two police officials in plainclothes, who shall remain with him from the beginning of the journey from Tihar […]
Published on: May 18, 2026, 6:18 p.m. | Source:
Devdiscourse
The Central Information Commission has ruled that the BCCI is not a public authority under the RTI Act, exempting it from transparency obligations. Despite its prominent public role in cricket, the BCCI remains a private entity, independently managed and financed, separate from government control or funding.
Health gains reversed by geopolitical challenges, declining development funding: Soumya Swaminathan
Published on: May 18, 2026, 6:18 p.m. | Source:
The Hindu
Soumya Swaminathan highlights the fragility of global health gains amid geopolitical challenges and climate-related violence at the Philanthropy Asia Summit.
World less prepared for next pandemic despite COVID-19: WHO report
Published on: May 18, 2026, 6:05 p.m. | Source:
India Today
A new GPMB report has warned that the world is becoming more vulnerable to future pandemics despite the lessons of COVID-19. It says weaker cooperation, unequal access and funding gaps are eroding global health security.
Ebola Outbreak Sparks Global Alarm as WHO Declares Emergency
Published on: May 18, 2026, 5:38 p.m. | Source:
Devdiscourse
The World Health Organization declared a public health emergency after a fast-spreading Ebola outbreak in the DRC, with cases also confirmed in Uganda. Challenges include the Bundibugyo virus strain and armed conflict hindering containment. Aid groups are responding, but funding and distrust issues persist.
HC grants interim bail to Engineer Rashid for father's funeral
Published on: May 18, 2026, 2:47 p.m. | Source:
ThePrint
New Delhi, May 18 (PTI) The Delhi High Court on Monday granted interim bail till June 2 to Baramulla MP Sheikh Abdul Rashid alias Engineer Rashid, who is lodged in prison in a terror-funding case, following his father’s demise. A bench of Justices Prathiba M Singh and Madhu Jain said during the interim bail period, […]
Delhi HC grants interim bail to Engineer Rashid for father’s funeral
Published on: May 18, 2026, 2:44 p.m. | Source:
The Tribune
The Delhi High Court on Monday granted interim bail till June 2 to Baramulla MP Sheikh Abdul Rashid alias Engineer Rashid, who is lodged in prison in a terror-funding case, following his father’s demise.
Delhi High Court Grants Interim Bail to Engineer Rashid
Published on: May 18, 2026, 2:41 p.m. | Source:
Devdiscourse
The Delhi High Court has granted interim bail to Baramulla MP Sheikh Abdul Rashid, citing the death of his father. Rashid is on trial in a terror-funding case. During his interim bail, police will accompany him as he is restricted to specific locations for his father's burial and related ceremonies.
Baramulla MP Sheikh Abdul Rashid has been granted interim bail by the Delhi High Court until June 2 following the death of his father. Currently lodged in Tihar Jail in connection with terror-funding charges, Rashid will be escorted by police during his temporary release. The relief allows him to attend his fathers funeral and related ceremonies.
28 Highways, Rs 35,000 Crore: Why India Is Racing To Monetise Roads
Published on: May 18, 2026, 1:58 p.m. | Source:
Times Now
India plans to monetise 28 highway assets in FY27 to raise Rs 35,000 crore and boost infrastructure funding through asset recycling., Economy, Times Now
Vodafone Idea Share Slips 1% Despite Strong Q4 Results and ₹4,730 Crore Funding Support
Published on: May 18, 2026, 1:27 p.m. | Source:
Lokmat Times
Vodafone Idea Share Slips 1% Despite Strong Q4 Results and ₹4,730 Crore Funding Support - Shares of Vodafone Idea Ltd declined over 1 per cent during Monday’s trading session on the NSE despite the ... Get Latest News on Business only on lokmattimes.com
WHO annual assembly opens amid hantavirus fears, Ebola outbreak and US withdrawal uncertainty
Published on: May 18, 2026, 12:58 p.m. | Source:
Firstpost
World Health Organization member states meet in Geneva this week amid global concern over hantavirus and Ebola outbreaks, uncertainty surrounding announced US and Argentinian withdrawals, and growing pressure on the UN health agency over funding cuts, pandemic preparedness, and the future of global health coordination.
From Airbnb to Anthropic: How Krishna Rao Became AI's Most Important Money Man
Published on: May 18, 2026, 11:07 a.m. | Source:
Outlook Business
Discover how Anthropic CFO Krishna Rao went from Airbnb crisis fixer to one of AI’s most powerful money men, steering the Claude maker’s explosive revenue growth, multibillion-dollar funding talks, massive compute deals with SpaceX, Amazon and Google, and a potential IPO that could eclipse OpenAI.
Japan plans a new budget to counter Middle East war economic impacts. This may mean more government debt, potentially raising interest rates. Long-term bond yields have already hit record highs. The government is considering subsidies for fuel and utility bills. This move could influence the Bank of Japan's interest rate decisions.
Governments, banks and investors have deployed about $100 billion toward climate adaptation projects in Asia over the past five years, with most funding directed at water management and infrastructure projects.
Vodafone Idea Shares In Focus After Fresh Funding From Aditya Birla Group
Published on: May 18, 2026, 8:01 a.m. | Source:
NDTV Profit
This comes on the back of Vodafone Idea fourth quarter earnings, where a one-time accounting gain due to AGR re-assessment saw its profit skyrocket to over Rs 50,000 crore.
Markets have been warned about “Japans moment” many times. So many, in fact, that it had begun to sound like background noise. The boy who cried wolf analogy fits: The first alarm gets attention, the next one gets a shrug, and then the real event arrives when few people are listening. Japans is not a local bond story, it is a global tightening variable, through funding costs, currency dynamics, and the allocation choices of one of the worlds largest pools of patient savings. That is why, even if it is crying wolf yet again, it is a warning that probably deserves attention.
The Board of Muthoot Fincorp has approved a ₹4,000 crore initial public offering (IPO) consisting entirely of fresh growth capital. CEO Shaji Varghese outlines how internal engineering, clear sectoral regulations, and a shift away from unsecured credit drove a massive 75% standalone AUM growth to ₹56,185 crore in FY26
IMF keeps lending billions to countries like Pakistan, but where does all that money come from?
Published on: May 18, 2026, 3:54 a.m. | Source:
Zee News
IMF Funding Source: The IMF has approved a fresh bailout package worth Rs 11,322 crore for Pakistan. Here is a look at where the international lender gets such massive amounts of money from.
Trump Ballroom Funding Hits Fresh Roadblock After Senate Ruling
Published on: May 18, 2026, 12:56 a.m. | Source:
Times Now
Senate Parliamentarian Elizabeth MacDonough has rejected a $1 billion security funding provision connected in part to Trump's planned White House ballroom, ruling it cannot be included in the Republican budget reconciliation bill as written. , US News, Times Now
Ukraine's unmanned forces commander, "Madyar," is orchestrating deep strikes into Russia, targeting defense and oil facilities to cripple war funding. These increasingly frequent attacks, aimed at retribution, are enabled by more resources and the gradual dismantling of Russian air defenses, keeping Moscow on edge.
Rajasthan's Heritage at Risk: A Congress Leader's Concerns
Published on: May 17, 2026, 7:39 p.m. | Source:
Devdiscourse
Congress leader Rafiq Khan criticizes the BJP government for neglecting Rajasthan's historical heritage, museums, and archaeological sites. He highlights issues like inadequate funding, unplanned construction, and rising encroachments that threaten the preservation of these cultural landmarks, demanding urgent measures to safeguard Rajasthan's cultural legacy.
Vodafone Idea gets promoter support but funding challenge persists
Published on: May 17, 2026, 7:11 p.m. | Source:
Livemint
Vodafone Idea posted early signs of recovery with stabilising subscribers and higher Arpu, backed by a ₹4,730-crore promoter infusion. However, analysts say large spectrum dues, funding gaps and network expansion needs remain major challenges.
Smaller municipalities face challenges in raising funds from market: Report
Published on: May 17, 2026, 6:30 p.m. | Source:
Times of India
India Business News: MUMBAI: The government’s push to shift urban financing from grants to market-linked funding under the Urban Challenge Fund (UCF) could face significan.
Gautam Adani's Visionary Leap: Transforming Eye Care in Bihar
Published on: May 17, 2026, 5:47 p.m. | Source:
Devdiscourse
Gautam Adani has spearheaded the groundbreaking of two eye care facilities in Bihar. Aligned with the Akhand Jyoti Eye Hospital, these centers will significantly enhance eye care services and training. The Adani Foundation has pledged substantial funding, with further plans for a hospital in Pirpainti, Bhagalpur.
Trump's $400 million ballroom faces funding freeze after Senate ruling
Published on: May 17, 2026, 2:59 p.m. | Source:
India Today
The Senate parliamentarian removed security funding tied to Donald Trump's planned White House ballroom from a spending package. The ruling complicates Republican efforts to use taxpayer money for the project and sets up a fresh clash with Democrats.
The ICC has frozen Cricket Canada's $2.6M funding for six months over severe governance failures and ACU match-fixing probes. Read the full financial breakdown.
Donald Trump’s White House ballroom funding hits US Senate roadblock
Published on: May 17, 2026, 10:31 a.m. | Source:
Hindustan Times
A Republican plan to earmark federal funding for President Donald Trump’s planned ballroom hit at least a temporary roadblock Saturday in the US Senate.
Vodafone Idea will raise Rs 4,730 crore from an Aditya Birla Group company through convertible warrants. The fresh funding comes as the telecom operator continues efforts to improve finances after receiving relief in AGR dues, though large spectrum payment obligations still remain a major challenge.
A Senate parliamentarian blocked Republicans from including $1 billion for White House security upgrades tied to President Donald Trump’s new ballroom in a broader immigration funding bill. Democrats celebrated the ruling, accusing the GOP of misusing taxpayer money. Republicans said they will revise and resubmit the legislation.
Rescue the Legacy: Saving the Crumbling Ancestral Homes of Bollywood Icons
Published on: May 17, 2026, 9:45 a.m. | Source:
Devdiscourse
The ancestral homes of Bollywood legends Dilip Kumar and Raj Kapoor in Peshawar are at risk of collapse due to recent earthquakes and neglect. Despite being declared national heritage sites in 2016, restoration has languished due to funding issues. Heritage advocates demand urgent action to preserve these cultural landmarks.
Ballroom Battle: Senate Blocks Funding For Trump's Contested Project
Published on: May 17, 2026, 9:24 a.m. | Source:
Devdiscourse
The U.S. Senate's parliamentarian removed funding for President Trump's planned White House ballroom from a spending package. Senate Republicans seek additional taxpayer funds for security upgrades, but Democrats criticize the project as extravagant. The removal complicates Republican efforts, amid criticism over rising costs and a lawsuit challenging the construction.
IU Celebrates Birthday By Donating 300 Million KRW To Charity Under ‘IUAENA’ Name
Published on: May 17, 2026, 9:22 a.m. | Source:
News18
IU donates 300 million KRW under the name IUAENA on her birthday, funding Asan Medical Center and charities aiding patients, children, elderly, single mothers.
Published on: May 17, 2026, 8:55 a.m. | Source:
Devdiscourse
A U.S. Senate official removed potential security funding for President Trump's planned White House ballroom from a large spending package. Democrats criticize the project, citing rising American costs and anti-immigration policies, while Republicans argue security needs. Democrats aim to leverage this issue for upcoming elections.
Senate Official Blocks Funding for Trump's Controversial $400 Million Ballroom
Published on: May 17, 2026, 8:08 a.m. | Source:
Devdiscourse
A U.S. Senate official has removed security funding for President Donald Trump's planned $400 million White House ballroom from a spending package, threatening the project's viability. Republicans seek taxpayer funding, while Democrats criticize the effort amid rising costs for Americans. Legal challenges and party tensions continue to surround the project.
Union Health Ministry approves additional undergraduate and postgraduate medical seats for districts including Koppal, Gadag, Chamarajanagar, Karwar and Haveri.
Entrepreneurs in HP to get funding up to Rs 5 lakh under HIMUDA start-up policy: Minister
Published on: May 17, 2026, 4:01 a.m. | Source:
Daily Excelsior
SHIMLA, May 16 : The Himachal Pradesh state government will be providing funding of up to Rs 5 lakh per proposal to young entrepreneurs under the HIMUDA Start-up and Student Innovation Policy, to boost economic growth and to generate employment opportunities. This was stated by Town & Country Planning Minister Rajesh Dharmani while he chaired a review meeting of the Himachal Pradesh Housing and Urban Development Authority (HIMUDA) on Saturday. During the meeting, the minister said that the policy aims […]
Vodafone Idea's Bold Move: A New Chapter with Aditya Birla's Capital Infusion
Published on: May 16, 2026, 10:13 p.m. | Source:
Devdiscourse
Vodafone Idea plans to raise Rs 4,730 crore through warrants from Aditya Birla Group's Suryaja Investments. This comes after Kumar Mangalam Birla's return as Chairman and follows a government reduction of adjusted gross revenue liabilities. The funding aims to tackle upcoming significant debt repayments.
Work on your own terms — become a freelancer with us! Choose projects you love, set your own schedule, and start earning today. No fixed hours, no limits — just flexibility and freedom.
Pakistan's Hydropower Dreams Dim Amid Funding Crisis
Published on: May 16, 2026, 4:32 p.m. | Source:
Devdiscourse
Pakistan faces growing challenges in its water and hydropower projects due to severe funding shortages and escalating construction costs. Key projects, including the Dasu Hydropower Project and Diamer-Bhasha Dam, face decades-long delays, raising concerns over the country's future water security and energy planning.
World Bank Approves $1 Billion to Boost Green Industrial Development in Northeast Brazil
Published on: May 16, 2026, 4:16 p.m. | Source:
Devdiscourse
The programme will channel funding through Banco do Nordeste, a major regional development bank that plays a central role in financing economic development across Northeast Brazil.
Ballroom Blues: Trump's $400M White House Project Sparks Controversy
Published on: May 16, 2026, 3:30 p.m. | Source:
Devdiscourse
With midterm elections approaching, Democrats criticize Republicans for supporting a $400 million White House ballroom, branding it a frivolous distraction from rising living costs. Amidst debates on its funding source, the project remains a point of contention as Republicans and Democrats clash over economic priorities and transparency.
Chasing Olympic Dreams: The Rise of USA Women's Handball
Published on: May 16, 2026, 2:38 p.m. | Source:
Devdiscourse
Rylee White joins USA Handball's national residency program after a viral TikTok sparked interest. Over 150 women attended tryouts, aiming to represent the U.S. at the 2028 Olympics. Handball, popular in Europe, faces funding challenges in the U.S., but athletes are determined to revive the sport.
Britain Unveils New Banking Reforms: A Shift in Financial Regulation
Published on: May 16, 2026, 1:12 p.m. | Source:
Devdiscourse
The UK government plans to relax banking regulations, initially established to prevent a recurrence of the 2008 financial crisis. New proposals, expected soon, include allowing banks to reduce costs and lend with lower funding expenses, aligning with government economic objectives.
Major setback for Cricket Canada as ICC halts funding for six months
Published on: May 16, 2026, 12:29 p.m. | Source:
Times of India
Cricket News: International Cricket Council has suspended funding to Cricket Canada for the next six months over governance-related concerns, according to a report .
ICC Suspends Cricket Canada funding over governance concerns
Published on: May 16, 2026, 11:45 a.m. | Source:
Livemint
Cricket Canada relies heavily on ICC financial support. Its financial statements for the year ending 2024 showed that ICC distributions accounted for nearly 63 per cent of the organisation's total income, contributing CAD 3.6 million out of total revenues of CAD 5.7 million, as per ESPNcricinfo.
Union Home Minister Amit Shah called for synchronized global laws and real-time intelligence to combat drug syndicates and narco-terrorism, aiming for a drug-free India by 2047. He stressed that fragmented international approaches empower drug cartels and urged standardized punishments and seamless extradition of kingpins to prevent irreversible damage from drug abuse and its funding of crime.
Centre Approves New Battalion to Strengthen Tripura's Security
Published on: May 16, 2026, 11:04 a.m. | Source:
Devdiscourse
The Indian government has sanctioned the creation of a new India Reserve Battalion for Tripura. With a funding of Rs 50 crore from the Centre, this move aims to improve law and order in the state. Recruitment is set to be completed in two years, focusing on counter-insurgency and border guarding.
AI reshaping venture capital's economics, new models for valuation and liquidity: World Economic Forum
Published on: May 16, 2026, 10:30 a.m. | Source:
The Tribune
With AI-native firms reaching $100 million in annual recurring revenue in under a year and five companies alone absorbing 20 per cent of global VC funding in 2025, the WEF report warns that traditional SaaS valuation frameworks and liquidity mechanisms are becoming obsolete. The industry must adapt its capital structures, regulatory frameworks and talent ecosystems to support a new era of capital-efficient, infrastructure-heavy growth.
Brazil's supreme court opens probe into funding for ex
Published on: May 16, 2026, 9:21 a.m. | Source:
Lokmat Times
Brazil's supreme court opens probe into funding for ex-president's film - Brasilia, May 16 Brazil's Supreme Federal Court has ordered an investigation into the possible diversion of parliamentary funds ... Get Latest News on International only on lokmattimes.com
The Ministry of Home Affairs has accused NGO Oxfam India of conducting a negative and malicious campaign against the Assam tea industry and being a potential tool of foreign policy. The NGO has also been accused of funding and organizing protests against the coal industry, which goes against national economic interests.
Starmer's $24 Billion Defence Bet: A Battle for Political Survival
Published on: May 16, 2026, 4:32 a.m. | Source:
Devdiscourse
British Prime Minister Keir Starmer plans a significant increase in defence spending amid political challenges. With a potential £18 billion boost, he faces pressure over funding methods. The defense plan is crucial amid geopolitical tensions, yet funding without tax increases or borrowing raises concerns of cuts elsewhere.
Larger banks are dominating the home loan market. Mid-sized private banks are struggling as competition squeezes profits. State Bank of India, ICICI Bank, HDFC Bank, and Kotak Mahindra Bank are expanding their mortgage books. These big lenders use lower funding costs and wider reach. They see home loans as a way to build lasting customer relationships.
Sunetra retains key powers within the family, entrusting financial and funding decisions to sons Parth and Jay Pawar as Patel and Tatkare face an uncertain futu
State govt approves Rs 49.26 crore funding for water diversion scheme for Trimbakeshwar to bring about 165 hectares under irrigation
Published on: May 15, 2026, 11:13 p.m. | Source:
Times of India
Maharashtra approves Rs 49.26 crore Amboli-Velunje water diversion scheme in Trimbakeshwar, Nashik, to irrigate 165 hectares and divert water to Godavari basin.
Trump's Monumental Vision: American Heroes in Controversy
Published on: May 15, 2026, 8:36 p.m. | Source:
Devdiscourse
President Donald Trump proposes creating a National Garden of American Heroes in West Potomac Park, featuring statues of prominent Americans. This project, however, may face legal and bureaucratic challenges over approvals and funding, echoing other controversial changes Trump initiated in Washington's heavily regulated monumental core.
Union minister Kiren Rijiju has called questions surrounding Rahul Gandhi's foreign trips and their funding very serious. He urged the Congress leader to share travel details with authorities to prevent potential legal action. The BJP had previously questioned the source of funds for Gandhi's numerous international visits, citing a discrepancy with his declared income.
Union minister calls issue “very serious”, urges compliance with travel disclosure norms; party alleges mismatch between income and expenditure on overseas visi
A New Era: EFL Introduces Cost Control Framework for Clubs
Published on: May 15, 2026, 8:05 p.m. | Source:
Devdiscourse
The English Football League (EFL) has announced a new financial framework for Championship clubs, capping player and manager spending at 85% of income from the 2026-27 season. The Squad Cost Rules (SCR) replace existing regulations and focus on real-time financial monitoring, with owner funding limits set to further control expenses.
Published on: May 15, 2026, 7:56 p.m. | Source:
Devdiscourse
Union Minister Kiren Rijiju has raised serious questions regarding Congress leader Rahul Gandhi's foreign travels and their funding. The ruling BJP has demanded details of these trips, citing a mismatch between Gandhi's declared income and his travel expenses. Rijiju urges compliance with law to avoid potential actions.
Jungle Ventures increases seed investments in repeat founders and deep-domain operators, defying India's funding slowdown with larger capital allocations.
Scandal and Suspense: Behind the Scenes of 'Dark Horse'
Published on: May 15, 2026, 5:48 p.m. | Source:
Devdiscourse
Jim Caviezel's new film 'Dark Horse,' a biopic about Jair Bolsonaro, finds its production engulfed in scandal. Senator Flavio Bolsonaro confirmed funding from disgraced banker Daniel Vorcaro, who's involved in a fraud investigation. The controversy raises questions about the film's financial foundations and its political implications ahead of Brazil's elections.
Published on: May 15, 2026, 5:40 p.m. | Source:
Devdiscourse
West Bengal has joined the PM SHRI Schools initiative after the new BJP government took charge, ending previous resistance due to funding disputes. The program, launched in 2022, aims to upgrade government schools as model institutions for the NEP 2020. An MoU was signed to formalize the collaboration.
Tripura's Medical Education Boost: Centre Sanctions Rs 273 Crore
Published on: May 15, 2026, 4:08 p.m. | Source:
Devdiscourse
The Indian government has approved a funding of over Rs 273 crore for the expansion of Agartala Government Medical College. This will enable an increase in MBBS and post-graduate seats, significantly enhancing medical education in Tripura.
Drama and Intrigue: The Controversy Surrounding Jair Bolsonaro's Biopic 'Dark Horse'
Published on: May 15, 2026, 3:34 p.m. | Source:
Devdiscourse
Jim Caviezel's film 'Dark Horse,' a biopic about former Brazilian President Jair Bolsonaro, has become embroiled in controversy after securing funding from banker Daniel Vorcaro, implicated in fraud. Senator Flavio Bolsonaro's involvement raises political tensions as investigators probe potential connections. The film is set to release before Brazil's pivotal election.
Global Energy Crisis Drives Unavoidable Fuel Price Hike
Published on: May 15, 2026, 3:27 p.m. | Source:
Devdiscourse
Union Minister G Kishan Reddy explained the unavoidable fuel price hike amid a global energy crisis. He urged public understanding while opposing misinformation, citing international conflict and transport issues. The increase follows election season and impacts welfare program funding due to fiscal strains on the government.
Rapido, a ride-hailing platform, has raised $240 million in funding, bringing its valuation to $3 billion. Led by Prousus, the round saw participation from existing investors. The company plans to expand into new markets and deepen operations, with a 44% revenue growth in FY25 and a foray into car-hailing. Rapido is gaining market share and […] | financialexpress.com
Rapido raises $240 million in primary funding led by Prosus, valuation at $3 billion
Published on: May 15, 2026, 1:51 p.m. | Source:
CNBC TV18
Rapido raises 240 million led by Prosus, hitting a 3 billion valuation, to expand Tier 2 plus mobility services, tech, and driver livelihoods across India
Rapido Secures $240M Funding to Drive Market Expansion and Technological Investment
Published on: May 15, 2026, 1:36 p.m. | Source:
Devdiscourse
Rapido, a mobility platform, raised $240 million in a funding round led by Prosus, with participation from WestBridge Capital and Accel. The investment aims to expand market reach, bolster technological capabilities, and enhance mobility services across India, particularly in high-growth regions beyond major cities.
AI firm Anthropic is reportedly nearing a $30 billion fundraising round, valuing the company at $900 billion. This significant valuation surge, driven by rapid revenue growth and strong investor interest, positions Anthropic to potentially surpass rival OpenAI. The company is also expanding infrastructure partnerships and seeing increased customer adoption.
Rapido raises $240 million in funding led by Prosus at $3 billion valuation
Published on: May 15, 2026, 1:10 p.m. | Source:
Business Today
Rapido said the fresh capital will be used to deepen its presence across high-growth markets, strengthen first- and last-mile connectivity and expand earnings opportunities for its driver-partners.
Global Push to Decarbonise Steel and Cement Faces Massive Finance Gap: OECD
Published on: May 15, 2026, 10:54 a.m. | Source:
Devdiscourse
A new OECD and Climate Club report warns that financial support for decarbonising heavy industries like steel, cement and chemicals in developing economies remains far below what is needed, despite these sectors being among the world’s largest sources of emissions. While international funding and private investment are beginning to rise, the report says much stronger global action and investment in breakthrough technologies such as clean hydrogen and carbon capture are urgently required.
Alphabet has issued a record-breaking 576.5 billion yen ($3.6 billion) in yen-denominated bonds, marking its first such debt offering. This move supports its substantial AI investment program and funding diversification efforts. The issuance saw strong demand from investors, surpassing Berkshire Hathaway's previous record.
Noida Police uncover Rs 1 crore foreign funding in violent labour protests; NSA invoked
Published on: May 15, 2026, 8:35 a.m. | Source:
Zee News
Noida protest: Gautam Buddh Nagar Police claim over ₹1 crore in foreign currency was sent to Satyam Verma, an accused in the violent Noida labour protests. NSA has been invoked against key leaders.
Musk Accused of 'Selective Amnesia,' Altman of Lying As OpenAI Trial Nears End
Published on: May 15, 2026, 8:20 a.m. | Source:
Republic World
OpenAI's lawyers argued Musk's claims were tardy, suggesting he desired control over OpenAI. They countered allegations of misconduct, asserting Musk was aware of OpenAI's funding needs.
Billion-Dollar Moves: Major Deals and Settlements In Financial Headlines
Published on: May 15, 2026, 7:37 a.m. | Source:
Devdiscourse
Top stories include the U.S. SEC settling a lawsuit against Gautam Adani, Anthropic's $30 billion funding deal at a $900 billion valuation, LVMH's sale of Marc Jacobs to WHP, and Xpeng's discussions with Volkswagen regarding a European factory purchase to expand their market.
Agrani Labs, founded by former Intel and AMD executives, is aiming for a significant $100 million Series A funding. This investment will support the development of AI inference chips designed to work with Nvidia's CUDA software. The company is in talks with Qualcomm and Battery Ventures for potential investment.
Published on: May 15, 2026, 3:40 a.m. | Source:
Hindustan Times
Mumbai's transport agencies are in a funding dispute over ₹4,973 crore for vital projects like metro lines and coastal roads, impacting urban infrastructure. | Mumbai news
The Enforcement Directorate has secured court permission to question 19 accused allegedly linked to ISIS modules in Maharashtra and Uttar Pradesh. The agency claims the accused were financially interconnected and involved in terror funding, recruitment and unlawful activities linked to ISIS operations in India.
US pledges new UN aid, says funding will prioritise countries aligned with Trump interests
Published on: May 15, 2026, 12:33 a.m. | Source:
Firstpost
The State Department's top aid official said on Thursday that $1.8 billion in new humanitarian aid to be provided by the U.S. through the United Nations would be used in line with the Trump administration's foreign policy interests.
Flavio Bolsonaro's Banker Ties Shake Presidential Race
Published on: May 14, 2026, 11:46 p.m. | Source:
Devdiscourse
Flavio Bolsonaro, son of former President Jair Bolsonaro, faces scrutiny after ties to jailed banker Daniel Vorcaro emerge, potentially impacting his presidential race. Allies struggle to minimize the damage amid revelations about film funding. Financial markets react sharply to the controversy.
Senators Agree to Withhold Pay During Federal Shutdowns
Published on: May 14, 2026, 10:07 p.m. | Source:
Devdiscourse
Senators approved a resolution to suspend their pay during government shutdowns, aiming to make closures financially impactful for lawmakers themselves. The bipartisan measure follows frequent shutdowns, with senators agreeing to forgo salaries when federal closures occur, until normal government funding resumes.
Anthropic AI Safety Fellowship 2026: How to apply, $15,000 funding, duration & hiring chances
Published on: May 14, 2026, 10:02 p.m. | Source:
Business Today
Anthropic, founded by former OpenAI researchers, has positioned itself as one of the leading firms focused on AI alignment and “steerable” AI systems. The company says its mission is to create AI that remains reliable, interpretable, and beneficial for society.
A new federal education tax credit is putting up to $1,700 back on the table for eligible Americans, and families across the U.S. are starting to pay attention. The new tax relief program allows taxpayers to claim major savings through approved education scholarship donations, while also helping students access school funding support. As more states move to join the plan, the education tax credit is quickly becoming one of the biggest trending U.S. tax benefit stories for 2026.