Nasscom, a major player in the Indian tech industry, is evaluating the potential impact of US President Donald Trump’s proclamation to impose an annual fee of $100,000 (around 88 lakh) on H-1B visas.
Category: business
Bitmine’s Ethereum Appetite Grows With Fresh $70 Million Buy
BitMine Immersion Technologies has added nearly $70 million worth of Ethereum to its holdings, pushing the companys ETH stash to a value near $8. 66 billion. Related Reading: From $2 Trillion To $400T? CEO Sees Bitcoin Exploding 200x Heres More Based on reports, the purchases were made through Galaxy Digitals over-the-counter desk and arrived in several chunks rather than a single block. Purchase Broken Into Four Tranches The recent buys were split into four settlements: 3, 247 ETH ($14. 50 million), 3, 258 ETH ($14. 6 million), 4, 494 ETH ($20 million), and 4, 428 ETH ($19. 75 million). That totals about 15, 427 ETH, which sums to roughly $69 million at the prices reported. According to public trackers cited in the coverage, these were likely coordinated OTC trades designed to avoid moving the spot market. TOM LEE IS BUYING EVEN MORE TH Tom Lees Bitmine just bought another $69M of ETH from Galaxy Digital. They now hold $8. 66 BILLION of ETH. MNR is bullish on TH. pic. twitter. com/t9BWh9btPR Arkham (@arkham) September 19, 2025 How Much Of Ethereum Does BitMine Hold Reports have disclosed that BitMine now holds about 1. 95 million ETH. That holding is valued at about $8. 66 billion using the same pricing used in the coverage. Analysts tracking corporate treasuries say that corporate and institutional ETH reserves together amount to a few percent of circulating supply, and BitMine is listed among the largest single holders. The figures can look large when compared with total ETH supply, but the share depends on which supply measure is used circulating, staked, or otherwise locked. Market Mechanics Behind The Move Buying large amounts on OTC desks is common for public companies and big players. It reduces slippage and keeps big orders off public order books. The ETH here moved without obvious price spikes. Some transfers were visible on chain; the private terms of OTC trades usually remain confidential. Based on reports citing blockchain trackers like Arkham, the on-chain flows matched the size and timing described. Risk, Accounting And Strategy Holding vast amounts of a volatile token carries real risks. A sharp fall in ETH would hit BitMines balance sheet. At the same time, steady accumulation signals a clear strategic bet on future appreciation. Market observers compare this approach to other firms that hold crypto as part of their corporate treasury, and regulators and accountants will watch how such holdings are reported in quarterly filings. Related Reading: Backed By CZ, Aster Token Ignites With 1, 650% First-Day Rally Corporate Accumulation Goes Big Some details remain unclear. Reports cite Arkham and Strategic Ether Reserve as the primary sources, but OTC trades do not reveal full pricing details and the exact terms are often private. Because those settlements happen off-exchange, public records show transfers but not every pricing details. Large holders activity tends to attract extra attention when ETH moves sharply up or down. Based on these numbers, the move is one more sign of large corporate accumulation of ETH. Featured image from Unsplash, chart from TradingView.
Rajnath Singh To Inaugurate India’s First Defence Manufacturing Plant In Africa During Morocco Visit
The facility is the first-ever Indian defence manufacturing plant in Africa, which marks an important milestone reflecting the growing global footprint of India’s defence industry under the Aatmanirbhar Bharat (self-reliant India) initiative, the ministry said.
Penang deeptech startup, Nvsion, raises seed funding from Cambrian Fund to advance Malaysia’s AI-powered industrial vision technology
Built a proprietary Synthia Vision AI Platform, which uses a hybrid of AI and rule-based algorithms Beyond semicon, sees opportunities to extend its platform into other advanced manufacturing sectors Nvsion Sdn Bhd, a Malaysia-based deeptech startup specialising in AI-powered Automated Optical Inspection (AOI) solutions, today announced that it has successfully completed a multi-million ringgit seed round, without disclosing the amount. The sole investor in the round is Cambrian Fund, a venture capital fund focused on Industrial 4. 0 themes, marking the funds inaugural investment. With its focus on the semiconductor sector, Cambrian Fund is managed by Southern Capital Group with anchor investors Khazanah Nasional, through its Dana Impak fund and the co-founders of ViTrox Corp Bhd (bottom pic). The funding will be deployed to accelerate Nvsion’s growth across several key areas, including advancing its product development and rollout, recruiting top-tier talent, and expanding its customer base. Nvsion was founded in Feb 2025 by Jeffrey Chung Wai Loong, as Managing Director, and three co-founders, who together bring 46 years of deep technical experience to the fore. The startup develops advanced AOI solutions that are critical for ensuring high precision, improving quality, and increasing efficiency in the outsourced semiconductor assembly and test (OSAT) and electronics manufacturing services (EMS) segments. Beyond semiconductors, Nvsion also sees significant opportunities to extend its platform into other advanced manufacturing sectors where precision and throughput are critical, such as advanced electronics, automotive, and medical devices. The company’s core technology is its proprietary Synthia Vision AI Platform, which uses a hybrid of AI and rule-based algorithms for high-speed industrial applications. “Securing this first round of funding is a defining moment for Nvsion,” said Jeffrey. “We are honoured to welcome Cambrian Fund as our first investor. Their backing not only validates our vision and technology but also gives us access to world-class expertise and networks. With their support, we are confident in our ability to deliver greater innovation, expand our world-class customer base, and contribute to Malaysias emergence as a leader in advanced manufacturing.” The investment aligns with Cambrian Fund’s strategy to back technology companies in Southeast Asia with exceptional founders and a clear path to market leadership. “We launched Cambrian Fund to back visionary founders building the next generation of global technology leaders,” said Kenneth Tan, CEO of Southern Capital Group, the manager of Cambrian Fund. “We are proud and excited to partner with Jeffrey and his team. Nvsion’s advanced, software- first approach to machine vision is set to make a significant impact in a critical and rapidly growing part of the Industrial 4. 0 landscape. We are confident in their potential to scale and become a market leader, and we look forward to supporting them on their transformative journey.”.
Saatvik Green Energy’s ₹900cr IPO now open: Should you bid?
Saatvik Green Energy, a leading solar panel manufacturer, has launched its initial public offering (IPO) today.
Punjab Police bust interstate cybercrime racket, 38 arrested
Punjab Police busted interstate cybercrime racket, arresting 38 people including woman, from a resort in Phagwara. The gang alleged of defrauding people in the United States and Canada on the pretext of offering software solutions. Police recovered 40 laptops, 67 mobile phones and Rs 10 lakh cash.
Apple renews lease, expands office space in Mumbai’s BKC
Apple has renewed and expanded its office lease at Maker Maxity, a commercial tower in Mumbai’s Bandra-Kurla Complex.
Will Apollo Tyres Break The Curse Of Team India Sponsors? Bold ₹579 Cr Deal Signals Big Ambitions & Bigger Risks
Apollo Tyres has signed a Rs 579 crore deal with BCCI to sponsor Team India’s jersey, replacing Dream11. The company says, it’s confident of long-term success despite challenges faced by earlier sponsors.
Motilal Oswal Settles Front-Running Allegations By SEBI With ₹34.85 Lakh Payment
Reacting to the order, a Motilal Oswal Financial Services spokesperson said, “The Sebi settlement order announced today (Thursday) relates to involvement and non-maintenance of records by one of our authorised partners (AP)-Om Securities.” “We had to opt for the settlement route and the matter now stands resolved,” the spokesperson said.
Cathie Wood Backs $300M Solana Deal on Italian Soccer Team Owner
The post Cathie Wood Backs $300M Solana Deal com. Solana (SOL) gains attention as Brera Holdings, a NASDAQ-listed football ownership company, rebrands to Solmate following a $300 million investment led by ARK Invest and Abu Dhabis Pulsar Group. The firm plans to accumulate the cryptocurrency and pursue a dual listing in the UAE, driving a surge in its share price and broader market interest. Cathie Wood Endorses $300M Acquisition Brera Holdings, an Ireland-based multi-club football operator with assets in Italy, North Macedonia, Mozambique, and Mongolia, is shifting strategy after obtaining a $300 million private investment led by ARK Invest and Pulsar Group. The capital will enable the company, soon to be renamed Solmate, to begin stockpiling Solana (SOL) tokens. Shares in Brera surged dramaticallyat one point nearly 600%before closing around 225% higher following the announcement. This approach echoes models used by firms that build substantial crypto treasuries, notably MicroStrategy, which has raised equity and debt to acquire roughly $75 billion in bitcoin. In parallel with the announcement, SOL has experienced an upward price movement. Over the past seven days, SOL rose about 8. 5%, reaching roughly $247. 50 at the time of writing. This gain reflects renewed market interest tied to Solmates strategy. Solana(SOL) Price : BeInCrypto Marco Santori, formerly with Kraken and Pantera Capital, has been appointed CEO of Solmate, stating that the company intends to be more than a simple crypto treasury. The board also includes economist Arthur Laffer, whose involvement appears to have been a catalyst for Cathie Woods participation. Cantor Fitzgerald served as advisor in the private placement. Breras football operations have had mixed.