Nykaa Surges to Near Rs. 1 Lakh Crore Valuation in Blockbuster Debut

Nykaa shares made a blockbuster opening on Wednesday, valuing the Indian company at near $13 billion (roughly Rs. 96,686 crore), in the latest startup listing after Zomato's stellar debut in July.

Comments

Post a Comment

Popular posts from this blog

Coinbase to Ramp Up Web3 Initiatives in the UK as Japan, Dubai Race to Become Blockchain Hubs

The Web3 sector is catching the attention of global industries, who are now looking at metaverse and NFTs as important revamps to tackle the existing monotony in the advertising and marketing industries. While nations like Japan, Dubai, and South Korea are accelerating efforts to establish themselves as Web3 hubs, UK does not wish to be left behind in adopting the new age technology. Coinbase, which is among the biggest names in the crypto industry, will be ramping up Web3 initiatives in the UK in the coming days. Brian Armstrong , the CEO of the Coinbase crypto exchange, is set to address the UK Fintech Week on Tuesday, April 18. As per an official Coinbase blog , Armstrong will be discussing in detail how the company intends on helping the UK become an innovation hotspot for Web3 ventures. A total of nine steps have been listed by Coinbase on how more Web3 initiatives could decide UK as the epicentre of their activities. These steps include having British banks collaborate with cr...
Read more

MediaTek Announces First Chipset Built on TSMC's 3nm Process With Performance, Efficiency Improvements: Details

MediaTek on Thursday announced that it had developed its first chipset that is based on Taiwan Semiconductor Manufacturing Company's ( TSMC ) 3nm process. The company's flagship Dimensity chipset that is set to launch next year with notable improvements in performance and efficiency over current-generation chipsets. The company is yet to reveal which brands it will work with to integrate the new processor. Rivals Apple and Qualcomm are also said to be working on launching chips with the cutting-edge chip technology. The chipmaker announced in a press statement that it had successfully built its first 3nm chipset based on TSMC's advanced 3nm technology. The Taiwan-based firm also stated that its 3nm MediaTek chips will debut on smartphones, tablets, smart cars, and other devices in H2 2024. According to previous reports, Qualcomm is planning to launch a 3nm chipset this year that could arrive at its annual Snapdragon Summit event. The company also shared details of th...
Read more

Meta to Release Open Source AI Model, Llama, to Compete Against OpenAI, Google’s Bard

Meta is releasing a commercial version of its open-source artificial intelligence model Llama, the company said on Tuesday, giving start-ups and other businesses a powerful free-of-charge alternative to pricey proprietary models sold by OpenAI and Google . The new version of the model, called Llama 2 , will be distributed by Microsoft through its Azure cloud service and will run on the Windows operating system, Meta said in a blog post, referring to Microsoft as "our preferred partner" for the release. The model, which Meta previously provided only to select academics for research purposes, also will be made available via direct download and through Amazon Web Services , Hugging Face and other providers, according to the blog post and a separate Facebook post by Meta CEO Mark Zuckerberg . "Open source drives innovation because it enables many more developers to build with new technology," Zuckerberg wrote. "I believe it would unlock more progress if the ...
Read more