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Japan’s Nikkei advanced 1.3% on Wednesday, with artificial intelligence and semiconductor shares leading the move after strength in U.S. chip stocks. SoftBank, Tokyo Electron and Advantest were among the main gainers, while banking and shipping stocks also firmed despite weak overall market breadth.
Private equity firm True North has reportedly acquired a minority stake in adtech and commerce company InMobi through a secondary transaction valued at about $50-60 million, according to a Livemint report. The deal, which includes a small primary component, comes as InMobi accelerates preparations for a public listing in India and continues reshaping its cap table ahead of a potential IPO.
Automattic has installed a new board just weeks after its previous directors tried and failed to place CEO Matt Mullenweg on leave, escalating a dramatic governance battle at the company behind WordPress.com, Tumblr and WooCommerce. The reshuffle brings in an eclectic mix of writers, founders and advisers as Mullenweg reasserts control through his dominant voting stake.
Private equity firm True North has secured a minority stake in the adtech startup InMobi, valued at approximately $50-60 million, signaling confidence in the company's upcoming IPO. This investment comes as the Indian technology sector continues to attract significant global interest.
Mehbooba Mufti has urged secular-minded citizens to participate in a protest organized by the Monitoring Committee for Indian Muslims at Delhi's Jantar Mantar on September 29. The protest aims to address pressing issues faced by the Muslim community in India.
The Central Bureau of Narcotics (CBN) organized an anti-drug awareness programme for students in Jawra, Madhya Pradesh, as part of Mission Yuva Raksha and the broader Nasha Mukt Bharat campaign. The initiative aimed to educate young people about the dangers of drug abuse and strengthen community-level prevention efforts through student engagement.
The Tamil Nadu government has ordered a daily food allowance of Rs 50 for 24,264 conservancy workers of the Greater Chennai Corporation, replacing the meals currently supplied to them. The move follows a worker survey in which about 92% said they preferred cash support over the existing food scheme, citing persistent complaints over meal quality and delivery.
Police in Katpadi arrested two bus passengers after seizing 10 litres of illicit arrack during a vehicle check near Christianpet village on Saturday. The accused, both from Chhattisgarh, allegedly told investigators they were carrying the liquor to Hosur to sell to workers at a private company.
Employees of the Swarna Gramam and Swarna Ward Sachivalayams have announced a 'Chalo Vijayawada' protest on Sunday, pressing demands that include two notional increments, payment of pending wages and a permanent promotion structure. Police, however, have denied permission for the rally, citing heavy rains, Ganesh Nimajjanam and the enforcement of Section 30 of the Police Act.
Police in Ibrahimpatnam have identified the woman whose dismembered body was found in the VTPS cooling canal on September 18 as Kalyani, a native of Mangalagiri in Guntur district. Investigators say they are now trying to trace the accused, with several suspects reportedly taken into custody for questioning as the gruesome case continues to draw attention across Andhra Pradesh.
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