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Time of India
3 days ago
- Business
- Time of India
Israeli cyber startup Zero Networks raises $55 million in private funding
Israeli cyber security startup Zero Networks said on Tuesday it raised $55 million in a mid-stage private funding round , bringing funds raised to date to more than $100 million. It said that since its last funding round in late 2023, revenue has grown 300%, although it did not provide exact figures. Founded in 2019, the company added that its customer base has tripled, driven by its technology to prevent ransomware and other cyber attacks. The round was led by Highland Europe , with participation from existing investors F2 Venture Capital, PICO Venture Partners, Venrock and U.S. Venture Partners (USVP). Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Zero Networks said the new investment will help fuel its growth and expansion in North America, Europe, Middle East and Africa as well as the Asia-Pacific region. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories
Time of India
5 days ago
- Politics
- Time of India
First time in 2 decades, EC holds revision of voters' list for bypolls
For the first time in nearly two decades, the Election Commission revised the voters' list of five constituencies for holding assembly bypolls there in a bid to ensure a "spotless" electoral roll. The last time a special summary revision took place for a bypoll was in 2006 in Tamil Nadu, officials pointed out. Citing provisions of the Representation of the People Act, 1950, officials said the electoral roll is to be revised before every election and bypoll unless otherwise directed by the EC. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now If the electoral roll is not revised, the validity or continued operation of the said electoral roll shall not be affected, they said, quoting the law. The validity of the current electoral roll continues till the completion of the special revision. Live Events Officials underlined that it is for the commission to decide if revision of electoral rolls has to be conducted or not, depending on the requirement. Bypolls to five assembly seats in four states will be held on June 19, the poll authority announced last month. While two assembly bypolls will be held in Gujarat, one each will take place in Kerala, West Bengal and Punjab. The counting of votes will take place on June 23. In Gujarat, the bypoll to the Kadi seat was necessitated following the death of sitting MLA Karsanbhai Punjabhai Solanki. Another bypoll to the Visavadar seat in the state is taking place due to the resignation of sitting member Bhayani Bhupendrabhai Gandubhai. In Kerala, the Nilambur seat will go to a bypoll since P V Anvar has resigned, while a bypoll will be held in Punjab's Ludhiana seat due to the death of sitting member Gurpreet Bassi Gogi. A by-election to the Kaliganj Assembly seat in West Bengal has been necessitated due to the death of sitting assembly member Nasiruddin Ahamed. Special Summary Revision is the legal term for revision of electoral rolls to weed out voters who have left the constituency or have died, and to add new names.
Time of India
27-05-2025
- Business
- Time of India
China's loans bite back: 75 poorest and most vulnerable nations need to pay $22 bn
China is putting growing financial pressure on developing countries, as debt repayments hit record levels. In 2025, these countries are expected to pay USD 35 billion to China, USD 22 billion of that from the world's 75 poorest and most vulnerable nations. Most of these payments are for loans taken under China's Belt and Road Initiative during the 2010s. Lowy Institute, a think-tank based in Sydney in its report said, "Developing countries are grappling with a tidal wave of debt repayments and interest costs owed to China. Debt service flows to China from developing countries will total USD 35 billion in 2025 and are set to remain elevated for the rest of this decade. The bulk of this debt service, some USD 22 billion, is owed by 75 of the world's poorest and most vulnerable countries." It added, "Pressure from Chinese state lending, along with surging repayments to a range of international private creditors, is putting enormous financial strain on developing economies. The result is rising debt vulnerability and the crowding out of critical spending priorities such as health, education, poverty reduction, and climate adaptation." Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now The report further said that China went from being a minor lender in the early 2000s to the largest supplier of new bilateral credit to developing countries by the mid-2010s. At the peak of its Belt and Road Initiative lending surge in 2016, new Chinese state-backed loans totalled more than USD 50 billion, outweighing the combined lending of all Western creditors in that year. China's lending boom was most pronounced in low-income and high-vulnerability countries reliant on loans from bilateral and multilateral creditors and with limited access to international private capital. "In these economies, China rose from holding less than 5 per cent of external debt in 2005, to more than 40 per cent by 2015. However, shortly thereafter China's global lending entered a period of protracted decline. Rising debt risks, implementation difficulties, and domestic financial pressures saw China's signing of new loans drop to just USD 18 billion in 2019, with further decreases through the Covid pandemic. The largest recipients of new lending include immediate neighbours, Pakistan , Kazakhstan, and Mongolia, and developing countries that are critical mineral or battery metal exporters, such as Argentina, Brazil, Congo DR, and Indonesia," the report said. Live Events "The nation that was once the developing world's largest source of new finance has now wholly transitioned to being the world's largest single destination for developing country debt service payments. The Belt and Road Initiative hit its peak in the mid-2010s; peak repayment was reached in the mid-2020s. Now, and for the rest of this decade, China will be more debt collector than banker to the developing world," it added.
Time of India
13-05-2025
- Business
- Time of India
Ant Financial to sell shares worth Rs 2,200 crore in Paytm parent
MUMBAI: Ant Financial , the fintech arm of Chinese e-commerce giant Alibaba Group, is planning to offload shares worth nearly Rs 2,200 crore in One97 Communications , the parent company of Paytm , via block deals on Tuesday. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Shares are likely to be offered at a floor price of Rs 809.7 apiece — a 6.4% discount to Paytm's closing price of Rs 866 on Monday. Paytm shares gained 4% during Monday's trade on BSE ahead of the anticipated transaction. Ant Financial, which currently holds a 9.85% stake in Paytm, is expected to sell around 4% of its holding through this block deal.
Time of India
10-05-2025
- Politics
- Time of India
Pakistan says ceasefire with India 'full-fledged', not partial
Pakistan and India have agreed to a "full-fledged" and "not partial" ceasefire, Pakistan Foreign Minister Ishaq Dar told broadcaster Geo news on Saturday, adding that three dozen countries were involved in the diplomacy that secured it. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo
