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BusinessPhoto: HT World

Elon Musk Invests $1 Billion in Skydance Studio

Elon Musk has invested approximately $1 billion in Skydance, the Hollywood studio that recently merged with Paramount. The funding aims to help Skydance cut costs, strengthen its balance sheet, and accelerate its technology strategy. The investment was made alongside contributions from existing investors, including board member Laurene Powell Jobs. This move has sparked speculation about potential partnerships between Musk’s companies and Skydance, especially involving Starlink.

HT World·

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BusinessPhoto: Mercom India

VECKTA Raises $11 Million to Expand Solar and Storage Platform

VECKTA, an energy planning and procurement platform, secured $11 million in an oversubscribed Series A funding round led by Origin Ventures. The capital will be used to expand VECKTA’s onsite solar and storage platform, enhancing its capabilities and market reach in renewable energy solutions.

Mercom India·

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BusinessPhoto: Firstpost

Jio’s $3.2 Billion IPO Boosts Rupee with Dollar Inflows

Jio Platforms’ $3.2-billion initial public offering attracted significant foreign investor inflows, supporting the Indian rupee's recovery. However, rising crude oil prices and doubts about the sustainability of these inflows pose risks to the currency's ongoing strength.

Firstpost·

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SciencePhoto: The Hindu

Cyclonic Storm Expected by October 26; Heavy Rain in Coastal Andhra from October 27

A low-pressure area over the east-central and adjoining south-east Bay of Bengal is expected to intensify into a cyclonic storm by October 26 morning, according to the India Meteorological Department (IMD). The storm is forecast to move towards north Andhra Pradesh and south Odisha coasts. Heavy rainfall is expected in Coastal Andhra starting October 27, causing waterlogging and road issues in areas like Ongole.

The Hindu··Ongole

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PoliticsPhoto: News18 Hindi

Punjab Reports 510 Stubble Burning Cases, 184 Fines, 4 FIRs

Punjab authorities have intensified actions against stubble burning to curb smoke pollution. As of October 22, 510 cases of stubble burning were reported across the state. The Punjab Pollution Control Board recorded 184 fines, 4 FIRs, and 166 'red entry' violations related to these incidents, reflecting strict enforcement efforts.

News18 Hindi··Punjab

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WorldPhoto: News18Hi Business

Tender Issued for ₹201 Crore Kamakhya Temple Ropeway Project

The government has issued a tender worth ₹201 crore to build a ropeway from Kamakhya Temple Railway Station to the Kamakhya Temple, which is 10 kilometers away. This ropeway will reduce travel time to just 6 minutes, facilitating easier access for the millions of devotees who visit the temple annually.

News18Hi Business·

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