India's $500 investment, Byju's valuation, Ather energy, Paytm, Samsung, Google Play, etc.

Market Briefs

Main Briefs

New Delhi Targets $500 Billion in Clean Energy Investments by 2030.

• India offers over USD 500 billion in investment opportunities in clean energy, green hydrogen, and EVs by 2030.

• Commerce Secretary Sunil Barthwal announced this at the IPEF Clean Economy Investor Forum in Singapore.

• The IPEF, launched in May 2022, includes 14 member countries and focuses on trade, supply chains, clean economy, and fair economy.

• The forum saw participation from over 300 stakeholders, including financial institutions, multilateral development banks, and venture capital funds.

• Four Indian companies were shortlisted for pitching in the sustainable infrastructure track.

• Ten Indian startups were selected for pitching in the climate tech track.

• The forum resulted in USD 23 billion investment opportunities for sustainable infrastructure projects in the Indo-Pacific.

• The IPEF Catalytic Capital Fund aims to catalyze up to USD 3.3 billion in private investment with an initial grant of USD 33 million from founding supporters.

• An offtake agreement was signed to export 200 KTPA green ammonia from India to Japan.

Indian Briefs, You Can’t Miss:

1. Byju's Valuation Plummets to Zero According to HSBC.

2. Tracking Payment Frauds: RBI Sets Up Committee for Public Entity Initiative.

3. UPI Payments: Paytm Reports Nearly Flat Growth for May.

4. Learn Spanish with Unacademy's New App; Indian Languages Next.

5. Ather Energy Shakeup: Bansal Sells Final Shares to Hero MotoCorp, Nikhil Kamath.

6. 5G Auction Postponed to June 25 Amid Industry Anticipation.

7. Green Energy Investments Surge, Yet Coal Remains Crucial: Moody's.

8. Oppo Leads AI Revolution in Smartphone Industry for 2024.

9. CEAMA Predicts Unprecedented Surge in AC Sales to 14 Million Units in 2024.

10. Volvo's New Academic Partnership Set to Revolutionize Engineering in India.

World Briefs

• Global Food Prices Rise for Third Straight Month in May: UN Report.

• Samsung Galaxy Ring Set for August Launch Despite Oura Legal Dispute.

• Nvidia, Microsoft, Apple Valuation Outstrips China's Entire Stock Market.

• Export Boom: China Sees 7.6% Growth in May Amid Trade Tensions.

• US Approves Antitrust Investigations into Nvidia, Microsoft, OpenAI.

AI Briefs

• AI Training Data Crisis: Human-Written Text May Soon Run Out.

• Labour Unrest: Samsung Workers Strike for the First Time in History.

• Eyebot Secures $6M for AI Kiosks Offering Quick, Optometrist-Free Eye Exams.

• Google's NotebookLM AI Expands to 200+ Countries Including India and UK.

• Meta Enhances WhatsApp Business with New AI-Powered Features.

• Google Play Enforces Strict Measures on AI Apps Post Deepfake Nude Scandal.

• Revamping Digital Assistants: Siri and Google Assistant Embrace Generative AI.

• Malaysia to Receive $2.1 Billion AI Boost from ByteDance.

• AI Ad Regulations Cause Rift Among US Election Officials.

Company Of The Day

Company Name: Ather Energy

Founder: Swapnil Jain, Tarun Mehta

Year Of Foundation: 2013

Headquarter: Bangalore, Karnataka, India

Industry: Ather Energy operates as a manufacturer of electric scooters.

Why Is It in the News?

Hero MotoCorp is set to boost its stake in Ather Energy by acquiring an additional 2.2% share for a maximum of INR 124 crore.