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SoftBank has sold ₹2,888 crore worth of Lenskart shares, reducing its stake to 7.28%. This marks the second time SoftBank has offloaded shares in the eyewear company, following a previous sale of ₹2,873 crore. With this transaction, SoftBank remains the second-largest public shareholder in Lenskart, highlighting ongoing shifts in investment strategies.
Boundless VC has launched a ₹300 crore fund aimed at supporting early-stage AI and frontier-tech firms in India. As the country lags behind the US and China in foundational AI development, this fund seeks to address the shortage of local risk capital for startups. The initiative highlights the growing opportunities for Indian companies in the application layer of AI technology.
A Bengaluru techie earning Rs 1.8 lakh/month faced an ICU emergency, highlighting the need for liquid emergency funds. His situation underscores that high income doesn't guarantee financial security. Experts recommend building emergency reserves and securing adequate health insurance to avoid such crises. Accessible funds are essential for managing unexpected medical expenses effectively.
Delhi's Master Plan 2047 aims to create 40 lakh affordable homes. This urban development strategy includes land pooling and regularization of unauthorized colonies to enhance infrastructure and property security.