LIC-owned NBFC stock jumps 4% after fundraise move. Do you own?
Paisalo Digital, a small-cap stock below ₹ 50, announced on Monday, post-market trading hours, that its board will meet on May 15, 2025, to consider and approve the fundraising proposal.
"... we would like to inform you that meeting of Operations and Finance Committee of the Board of Directors of Paisalo Digital Limited is scheduled to be held on May 15, 2025 to consider and approve the fund raising proposal by way of issuance of Listed, Secured, Non-Convertible Debentures on Private Placement basis," said the company in a filing on Monday.
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Time of India
an hour ago
- Time of India
Carolina Hurricanes owner Tom Dundon secures $4 billion deal to buy Portland Trail Blazers
Carolina Hurricanes owner Tom Dundon secures $4 billion deal to buy Portland Trail Blazers (Image Source: Getty Images) A significant development is underway in NBA ownership. A major deal is said to be in place. It involves one NHL owner, a famous NBA team, and the legacy of a tech billionaire. The full story has been unfolding quietly for months. Now reports say an agreement has been reached. The details include huge money, big names, and a promise to fans. Tom Dundon reaches deal with Paul Allen 's estate to take over Portland Trail Blazers On August 13, reports came out that Tom Dundon, the 53-year-old owner of the Carolina Hurricanes, had agreed to buy the Portland Trail Blazers. The deal is with the estate of Paul G. Allen, the late Microsoft co-founder. Allen bought the team in 1988 for $70 million. Dundon is expected to pay more than $4 billion for the franchise, according to Eben Novy-Williams of Sportico and Shams Charania of ESPN. The sale still needs the NBA Board of Governors to give final approval. The Trail Blazers have been controlled by Allen's estate since his death in October 2018. His sister Jody Allen has served as trustee. In May 2025, the estate confirmed it was ready to sell the team, as Paul's will instructed. Allen's will also stated that money from the sale would go to charitable projects. The estate has kept control of the Seattle Seahawks and Seattle Sounders, teams Allen owned before his death. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Ranked: The 25 Best Cities To Live In The World Learn More Undo Paul Allen's legacy and Tom Dundon's plans for the Portland team Paul Allen left behind a strong sports legacy. He was diagnosed with non-Hodgkin lymphoma in 2009 and passed away nine years later. Since then, the Trail Blazers have been run with no major ownership changes until now. Tom Dundon became the majority owner of the Hurricanes in 2018 after buying a stake in the team a year earlier. Under him, the Hurricanes reached the NHL playoffs seven seasons in a row, including three trips to the conference finals. Dundon is also recognised for his expertise in finance and investments. He owns Pickleball Central and helped launch His group for this NBA deal includes Marc Zahr, co-president of Blue Owl Capital, and Sheel Tyle, co-CEO of Collective Global. Reports say Dundon plans to keep the Trail Blazers in Portland. There may also be talks about building a new arena or replacing the Moda Center. In February 2025, NBA Commissioner Adam Silver said the venue would need an update in the coming years. Also Read: Dwyane Wade shares a glimpse of daddy's day-out with his daughter Kaavia Last season, the Trail Blazers finished 36-46 and missed the playoffs for the fourth straight year. In October 2024, Forbes valued the team at $3.5 billion. A source told Blazers Edge: 'We are excited. The goal is to build something for the long term.' Catch Rani Rampal's inspiring story on Game On, Episode 4. Watch Here!
Hindustan Times
2 hours ago
- Hindustan Times
Tom Dundon net worth: Here's how much new Portland Trail Blazers owner earns. Details inside
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Time of India
5 hours ago
- Time of India
FirstCry trims Q1 loss; Fractal's Rs 4,900-crore IPO
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Explainer: US shifts H-1B to wage-based picks Why it matters: Catch up: Between the lines: What's next: Mother and baby care retailer FirstCry narrowed its losses in the first quarter of FY26 as sales grew. This and more in today's ETtech Top 5.■ Musk-Sam Altman feud heats up■ Perplexity comes for Google Chrome■ Salary to decide H-1B picksBrainbees Solutions, the parent of mother and baby care retailer FirstCry, narrowed its consolidated net loss by 12% year-on-year (YoY) in the quarter ended board approved an additional Rs 19.96 crore investment in Globalbees, its house of brands arm, using proceeds from its upcoming initial public offering (IPO).Investors cheered quarterly results from beauty and personal care players Nykaa and E-commerce Ventures, the parent of Nykaa, posted a 79% jump in net profit to Rs 24 crore for the April–June period. Operating revenue climbed 23% year-on-year to Rs 220.75 of the company ended 4.93% higher at Rs 215.05, with an intraday high of Rs 220.75. 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This proposal echoes a 2021 Trump-era rule that was shelved after legal IT firms and US tech giants may need to rethink hiring strategies, with knock-on effects on diversity and talent will open a public comment window for up to 60 days. Final implementation could take months, but the industry is already preparing.
