funding

The Trump administration has rolled out the 'AntiWeaponisation Fund', a staggering $1.8 billion initiative aimed at reconciling claims from allies of the former president, who contend they have faced unjust scrutiny from the Justice Department. This fund is a direct result of Trump’s decision to drop his extensive $10 billion lawsuit against the IRS, signaling a shift in strategy.

A new government fund to boost urban development faces challenges in smaller cities. Weak financial reporting and limited capacity in Tier II and III cities may hinder their ability to access market funding, a key requirement for the Urban Challenge Fund. This could slow down much-needed urban investments across India.

EPFO members will soon withdraw provident fund money directly using UPI. Testing is complete, and funds will transfer to linked bank accounts. This move simplifies access for over seven crore members. EPFO is also enhancing services through WhatsApp and has significantly reduced litigation cases. These initiatives aim to improve service delivery and member convenience.

SBI Mutual Fund has boosted its investment in Bandhan Bank. The fund's stake now exceeds five percent after buying more shares. This move was reported on May 20, 2026. Bandhan Bank shares saw a slight increase on Friday. Investors are watching this development closely.

South Korean drama 'Perfect Crown' faces intense public backlash over historical inaccuracies and claims of portraying Korea as a Chinese tributary state. The controversy intensified with the revelation of a 2 billion KRW government funding from KOCCA, sparking outrage over taxpayer money being used for a historically insensitive production.

BTS ARMY earned global praise after raising over $30,000 in just four days for the FIFA Global Citizen Education Fund. Global Citizen thanked the fandom for supporting children’s access to education and sports worldwide. The initiative aims to raise $100 million before the FIFA World Cup 2026 final, with support from stars including Shakira, Serena Williams, Hugh Jackman, and Kaká.

India's Anu-sandhan National Research Foundation (ANRF) is urging global industries and philanthropists to invest in R&D using CSR funds. This marks the first time a government agency has officially sought private collaboration for high-impact, translational research projects, aiming to drive innovation into real-world applications.

US-based Silicon Road Ventures and veteran banker Ajay Mahajan have launched a Rs 150 crore fund targeting startups in agentic AI for commerce and retail. The Sebi-registered fund will back early-stage companies in e-commerce, supply chain, fintech, and retail operations, focusing on automated decision-making solutions rather than capital-intensive ventures.

The buzz around Taylor Swift and Travis Kelce's impending wedding ignited a fierce debate among New York lawmakers over a proposal to set aside $250,000 from taxpayer dollars for security. Many criticized the initiative, spotlighting the couple's substantial wealth, which led to its removal from the state budget proposals.

A contracted worker at Jamnagar Govt Dental College and Hospital has been booked for allegedly embezzling over Rs 1.36 crore. Shobhit Garg reportedly fudged cheques for patient welfare and workers' pay over a five-month period, diverting funds into his personal account. The embezzlement was discovered by a bank manager who noticed unusual credits.

The International Cricket Council has suspended funding to Cricket Canada for six months due to governance concerns, a significant financial blow as ICC distributions form nearly 63% of its revenue. This follows allegations of breaches in governance, financial oversight, and administrative functioning, alongside ongoing investigations into match integrity and former CEO controversies.

Investment part of broader $730 million round; valuation up 30% since last secondary transaction.