Online visa application platform Atlys announced on Thursday that it had raised $12 million in series A funding led by Peak XV Partners (formerly Sequoia Capital India) and Elevation Capital.

Existing investors such as Andreessen Horowitz (a16z), the Musical Duo Chainsmokers, South Park Commons, Pinterest Founders, and others also participated in this round.

Shares of EMS made a strong market debut at the Indian stock markets on Thursday, with its equity shares getting listed at Rs 282.05 per share on the National Stock Exchange (NSE). This was a 34 per cent premium over its issue price of Rs 221 per share.

The stock of the company, engaged in water supply & management business, listed at Rs 281.55 on the BSE.

Earlier this month, Reliance Jio Infocomm and chip manufacturer Nvidia revealed their plan to create a large language model specifically designed for India, focusing on its diverse languages and optimised for generative artificial intelligence (GenAI) applications (apps) within the country. Their objective is to collaborate in constructing AI infrastructure that exceeds the computing capabilities of India’s current fastest supercomputer by more than tenfold.

In a similar vein, information technology (IT) giant Infosys and Nvidia have furthered their strategic partnership, aiming to empower businesses to enhance productivity through the utilisation of GenAI apps and solutions.

Shares of Karnataka Bank hit over 15-year high at Rs 249.95, as they gained 4 per cent on the BSE in Wednesday’s intra-day trade in an otherwise weak market after the bank announced plans to raise fresh funds.

The stock of private sector lender was quoting at its highest level since May 2008. It had hit a record high of Rs 286 on February 5, 2008. In past four months, the stock has zoomed 85 per cent. In comparison, the S&P BSE Sensex was down 0.7 per cent at 67,120 at 09:48 AM.

R R Kable (RRKL), wires and cables manufacturer, made a decent stock market debut, with its shares listed at Rs 1,180, a 14 per cent premium over its issue price of Rs 1,035 per share on the National Stock Exchange (NSE) on Wednesday. The stock listed at Rs 1,179 on the BSE.

Post listing, RRKL hit a high of Rs 1,198.05 and a low of Rs 1,173.20 on the BSE in intra-day trade. In comparison, the Nifty 50 was down 0.76 per cent at 19,979.55 at 10:02 AM.

French company TotalEnergies is in the final rounds of investing about $300 million in a new joint venture (JV) company with Adani Green Energy, The Economic Times (ET) has reported. The joint venture will create a facility that will house close to 1 GW of renewable energy projects; the newspaper quoted people aware of the development.

The ownership of the JV company will be shared equally between the two partners. The JV will develop renewable energy-related infrastructure in the domain of solar and wind energy.

The price of 24-carat gold rose Rs 170 during Wednesday's early trade, with ten grams of the precious metal selling at Rs 60,220, according to the GoodReturns website. Silver price jumped Rs 300 with 1 kg of the precious metal selling at Rs 74,800.

The price of 22-carat gold went up by Rs 150, with the yellow metal selling at Rs 55,200.

With still no signs of a truce amid the raging armed conflict with Russia, Ukrainian President Volodymyr Zelenskyy, while accusing Moscow of being the aggressor and perpetrating "genocide" in his homeland, proposed a "peace formula" at the 78th session of the United Nations General Assembly (UNGA) on Tuesday.

Addressing the UNGA session, Zelenskyy claimed that Ukrainian children in Russia were being taught to "hate" their homeland, adding that all ties that Ukraine nationals have with their family members back home were being snapped.

It would be suitable if an age limit was introduced for using social media akin to a legal age for drinking alcohol, the Karnataka High Court said on Tuesday. The court added that the school-going children are addicted to it.

A division bench of Justices G Narendar and Vijaykumar A Patil observed while hearing an appeal by X Corp (formerly Twitter) challenging the single judge order of June 30, which had dismissed its plea to the takedown orders issued by the Ministry of Electronics and Information Technology (MeiTY).

Burger King is in talks to sign a deal with Coca-Cola as its exclusive beverages partner, breaking off its 10-year relationship with PepsiCo.

Executives said the deal will be formalised and announced by the end of next quarter.

Burger King has been associated with PepsiCo since it came to India in 2014.

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