Stock market at new all-time high📊
UPI sets new record in May, Musk tops Forbes Billionaires list, Google tests new AI scam call detection feature, Funding Deals and more.
Good morning and welcome to a brand new week!
“Perseverance is not a long race; it is many short races one after the other.”
– Walter Elliot
As we embark on this journey, let’s draw inspiration from Walter Elliot's insightful words on perseverance.
His quote reminds us that success is not about a single, long race but rather a series of small, continuous efforts.
Tech Updates
Stock market at new all-time high; Sensex above 76,500 for the first time, Nifty crosses 23,300
The Indian stock market indices, Sensex and Nifty 50, opened at record high levels on Monday as investors cheered Lok Sabha exit polls results that indicated a third term for Prime Minister Narendra Modi. The Sensex opened 2,621.98 points, or 3.55%, higher at 76,583.29, while the Nifty 50 opened at 23,337.90, up 807.20 points, or 3.58%. The Bank Nifty index jumped above the 50,000-mark for the first time. All the constituents of Nifty 50 were trading in the green.
UPI sets new record in May with 14 billion transactions worth over Rs 20 trillion
Unified Payments Interface (UPI) has set another record as it processed more than 14 billion transactions worth Rs 20.45 lakh crore or Rs 20.45 trillion in May, according to data issued by the National Payments Corporation of India (NPCI). UPI saw a 5% jump in volume and a 4% surge in the value of transactions in May compared to April.
Elon Musk tops Forbes Billionaires list with $210.7 billion net worth
Elon Musk, the founder of Tesla and SpaceX, has surpassed Bernard Arnault and Jeff Bezos to become the richest person in the world, according to the Forbes Real Time Billionaires list. Musk's net worth has reached $210.7 billion, securing him the top spot, while Arnault holds second place with $201 billion, and Bezos is in third with $197.4 billion.
Google tests new AI scam call detection feature amid rising cybercrime
Google is testing a new AI-based scam call detection feature. However, its legality is in question, as profiling callers based on conversation content without their consent is not permitted in India.
Funding Deals
Electric scooter maker Ather Energy has raised Rs 286 crore or $34.5 million through debt and equity. Stride Ventures invested Rs 200 crore via debentures while the company's co-founders Tarun Sanjay Mehta and Swapnil Babanlal Jain pumped in Rs 43.28 crore each.
Performance wear brand TechnoSport has raised Rs 175 crore ($21 million) from A91 Partners.
Dairy brand Country Delight has raised Rs 76 crore ($9 million) through debt and equity from Alteria Capital.
On-demand drone delivery and logistics firm TechEagle has raised funds from Paytm founder Vijay Shekhar Sharma, Navam Capital, and Inflection Point Ventures (IPV) in its bridge round.
🪜 Short Story: The Steps to Success
Emma had always dreamed of running a marathon. However, the idea of 26.2 miles seemed daunting. Her coach advised her to focus on smaller goals.
Each day, Emma set short-distance targets, gradually increasing them. Every completed mile felt like a victory, building her confidence.
Months later, Emma stood at the starting line of her first marathon.
She broke the race into segments as she ran, celebrating each milestone. By viewing the marathon as a series of short races, Emma finished and enjoyed every step of the journey.
Tweet of the day🐥
Let’s embrace the wisdom of breaking down our goals into manageable parts.
Whether it’s a project at work, a personal ambition, or a fitness goal, taking it one step at a time makes the journey less overwhelming and more rewarding.
Here’s to making progress, one short race at a time.
Feel free to share it with someone who could use a little inspiration. Let's pass on the good vibes and make someone's day!
Thanks for reading till the end!
Subscribe to R&S🌞