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Sarvam’s unicorn raise; Big exits in new IPOsHappy Tuesday! Sarvam has vaulted into the unicorn club after a fresh funding round. This and more in today’s ETtech Morning Dispatch.- Sarvam joins unicorn club; Razorpay lines up IPOFresh funding has propelled Sarvam AI into the unicorn club. This and more in today’s ETtech Top 5.
- Soccer: PIF named 2026 World Cup official tournament supporter as Saudi steps up football ambitionsSaudi Arabia's Public Investment Fund is now an official supporter for the 2026 World Cup in North America and Asia. This move strengthens ...
- Uber's India data centre bet; Cyber cover meets AI riskUber will establish its first data centre in India with the Adani Group. This and more in today’s ETtech Top 5.
- Chelsea's American project at breaking point as beleaguered team heads into FA Cup semisChelsea's American ownership faces a crisis. Poor results, including a Champions League exit and a five-game losing streak, have led to fan...
- India to exempt Saudi fund from foreign portfolio investment rules, sources sayIndia has agreed to exempt Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), from certain foreign portfolio investmen...
- Saudis in 'difficult' talks to keep Ronaldo next season: PIF sourceSaudi officials are in "difficult"on Thursday, after the star footballer suggested he was leaving Al Nassr. "There is an ongoing difficult ...
- New creditors, differing interests and coordination issues are hobbling sovereign debt restructuringAn IMF analysis suggests that several low-income countries (LICs) have been at high risk of debt distress or are in debt distress. Between ...
- Saudi soccer league creates huge fund to sign global starsSaudi Arabia aims to make its domestic football league a destination for top talent, and is offering some of the highest annual salaries in...
- Real Madrid lose $440 million sponsorship battle with Abu Dhabi fundReal Madrid has lost a $440m court case with Abu Dhabi's sovereign investor, Mubadala, regarding a proposed sponsorship of the Spanish socc...
- Qatari banker Sheikh Jassim submits new bid for Man Utd- ReportsThe Press Association and the Guardian, among others, said Sheikh Jassim Bin Hamad Bin Jassim Bin Jaber AI Thani, the chairman of Qatar Isl...
- Man United sale set to test UEFA rulesTough words from Uefa came last week in its annual financial study of clubs and leagues. “The rise of multi-club investment has the potenti...
- Pakistan Finance Minister Ishaq Dar moves to secure rescheduling of USD 27bn in bilateral debtPakistan is seeking rescheduling of bilateral debt of around USD 27 billion with different countries, the Finance Minister has said.
- Who is subject to British sanctions over Russian invasion of Ukraine?Britain's Prime Minister Boris Johnson said the government would be ruthless in pursuing those "who enable the killing of civilians, destru...
- Chinese funds under fire for targeting distressed assets work on exit strategyDeep-pocketed Chinese companies — mainly state-owned — have been on the prowl.
- Arbitrage funds see outflows in JuneExcluding these redemptions, industry sources believe, investors have poured in Rs 3600 crore into equity mutual funds.
- Inflows into MFs continue despite Rexit, Brexit worriesThe equity oriented mutual fund category showed outflow of Rs 45 crore but that was on account of redemption from arbitrage schemes.
- Shopclues says valued at $1.1 billion after GIC investment, plans IPO in 2017Existing investors including New York-based hedge fund Tiger Global Management and Nexus Venture Partners participated in this round of fun...
- India may soon join sovereign fund club; fund to fuel natural resources acquisitions overseasChina’s reserves have been built on the back of its huge export earnings while countries in the Middle East have recourse to rich oil reser...
- China funding bid to buy Liverpool FC: ReportsCIC is providing funds for the bid fronted by businessman Kenny Huang to acquire the top sporting brand, a report said.
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