Bets

Partners of 3one4 Capital, a venture capital firm in India, recently went on a road show to raise a new fund. Within two and a half months, at the height of the worsening global economy, they had secured $200 million. It’s the fourth marquee fund for the Bengaluru-headquartered fund, whose portfolio includes four unicorn startups. The fund, sixth overall for 3one4 Capital, was oversubscribed to $250 million but the firm is accepting only $200 million to keep itself lean and disciplined, said Pranav Pai, co-founder…

Image via Marvel Comics After years of speculation, audiences are no doubt eager to place their bets regarding Fantastic Four, with rumors that the film’s main cast will be revealed next week. According to the latest chatter, Marvel Studios is all set to announce the much-anticipated ensemble, with a slew of starry names rumored to front the upcoming reboot. Earlier this month, it was claimed Adam Driver was in final negotiations to star as founder and leader Reed Richards, and the actor’s name has also…

Fanatics Inc. is late to the sports-betting game. Its chief executive thinks he has a strong hand. On Monday, the sports-merchandise company plans to launch its first gambling app in Tennessee and Ohio, years after others entered the fast-growing market. Fanatics Inc. is late to the sports-betting game. Its chief executive thinks he has a strong hand. On Monday, the sports-merchandise company plans to launch its first gambling app in Tennessee and Ohio, years after others…

Primary Wave Music, home to the music of Prince, Stevie Nicks and James Brown, is expanding in a new direction: Bollywood. The music publisher is investing in Indian record label and publisher Times Music in a bet that growth will come from emerging international music markets. The investment will help form a new joint venture valued at over $100 million, the companies said.   Primary Wave Music, home to the music of Prince, Stevie Nicks and James Brown, is expanding in a new direction:…

While two-thirds of the country now offers legal sports betting, only six states offer online casino gambling, confounding industry hopes that the rapid growth of sports betting would also bring internet casino wagering along with it.Speaking Wednesday at the East Coast Gaming Congress in Atlantic City, industry executives and legislators from gambling states offered various explanations for why internet gambling has yet to expand beyond a handful of eastern states. Internet gambling is legal in New Jersey, Connecticut,…

JB Perrette, President and CEO of Warner Bros. Discovery Global Streaming and Games, speaks onstage during a Warner Bros. Discovery Streaming Press Event on April 12, 2023 in Burbank, California.Jeff Kravitz | Getty ImagesHumble as he may be, Warner Bros. Discovery CEO David Zaslav proved this week he's definitely a name dropper.Warner Bros. Discovery unveiled its new streaming service Wednesday, featuring a combination of programming from HBO Max and Discovery+. It will launch May 23 in the U.S., later this year in Latin…

The ZF Group is a key supplier of transmissions, axle systems, chassis and suspension components across trucks and light vehicle industry.New Delhi: The third largest global Tier-I supplier ZF Group, which has set a target of becoming carbon neutral by 2040, is betting on a technology- mix for a cleaner…

At Uniqlo’s Fifth Avenue store in New York, shoppers can checkout simply by placing their goods in gleaming bins of automated stations. Unlike the self-checkout process at many stores, customers of the casual apparel retailer don’t need to scan individual items or look up prices on a screen—they can simply drop their items in a bin and pay. This next-generation process is powered by radio frequency identification readers inside the checkout machines, which automatically read hidden RFID chips embedded in price tags. It is…

Polestar is going all in with its first electric crossover SUV, the Polestar 3, with plans to take on the established US core luxury market. With the Polestar 3 expected to arrive later this year, the company is confident it will hit its launch targets which will be accompanied by a massive new marketing campaign. The EV maker, launched by Volvo and Geely, saw revenue surge by 84% to $2.5 billion in 2022 after beating its goal and delivering 51,491 vehicles. After revealing its first fully…

Rivian (RIVN) is planning to boost EV production by moving some of its engineers closer to its Illinois factory, according to the Wall Street Journal. After producing 24,337 EVs last year, slightly missing its goal of 25,000, Rivian is not taking any chances this year. Rivian CEO RJ Scaringe said 2022 was a “challenging year” as the young EV maker scaled production of four products, including the R1T electric pickup, the R1S SUV, and two versions of its electric van, at low volumes in a…