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Congress has approved legislation that would end production of the U.S. penny after more than two centuries in circulation, sending the measure to President Donald Trump for final action. The move reflects a long-running debate over the coin’s cost, utility and relevance in an increasingly digital payments economy.
Janice Tjen’s breakthrough is resonating far beyond her own results, offering Indonesia a rare tennis success story in a country long dominated by badminton. Her progress is being watched as a potential catalyst for broader interest, investment, and belief in a sport that has struggled for visibility in the archipelago.
Wealthtech startup Zomint has raised ₹36 crore in a seed funding round led by Lightspeed and Prime Venture Partners, marking an early but notable vote of confidence in India’s fast-evolving digital wealth market. The fresh capital is expected to help the company deepen product development, broaden its customer base, and strengthen its position in a sector where affluent retail investors are increasingly seeking technology-led advisory tools.
Wealthtech startup Zomint has raised ₹36 crore in a seed funding round led by Lightspeed and Prime Venture Partners, marking a significant early bet on India’s digital wealth management market. The company plans to use the capital to deepen product capabilities, expand its platform, and strengthen its position in a segment that is drawing increasing investor attention as affluent Indian consumers seek more accessible financial advisory tools.
Wealthtech startup Zomint has raised ₹36 crore in a seed funding round led by Lightspeed and Prime Venture Partners, marking an early vote of confidence in its bid to modernise wealth management for India’s mass affluent investors. The capital will be used to scale product development, strengthen distribution, and deepen the company’s technology stack as competition intensifies across India’s fast-growing financial services startup market.
India’s new-age technology stocks remained under sustained selling pressure this week, with 47 counters declining as benchmark indices logged their eighth straight weekly loss. Turtlemint was among the hardest hit, extending its slide with another 20% weekly decline as investors continued to reassess valuations, profitability timelines and liquidity conditions across the sector. The weakness underscores a broader reset in sentiment toward venture-backed and recently listed internet businesses.
India’s new-age tech stocks remained under sustained pressure this week, with 47 counters declining as benchmark indices logged their eighth straight weekly loss. The selloff deepened in select names, including Turtlemint, which fell another 20% over the week, underscoring persistent investor caution toward unprofitable growth stocks. The broader rout reflects a market that is increasingly discriminating between business models with visible earnings paths and those still reliant on future growth narratives.
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