Meta makes a $900 million super-app move in IndiaCred founder Kunal Shah, a philosophy graduate, built his platform on exclusivity for high credit scorers, now processing over 40% of India...
US stocks: SpaceX draws $89 billion demand for debut high-grade bond saleSpaceX is witnessing immense investor interest, with demand reaching approximately $89 billion for its inaugural US bond sale. The company,...
GST wins India Inc's vote, but businesses seek faster refunds and smarter reforms: DeloitteIndia's GST regime has achieved widespread acceptance, with digitisation and rate adjustments hailed as major successes. Businesses now pri...
AI crash coming closer? South Korea’s Kospi plunges 10%, triggers trading haltSouth Korean stocks experienced a sharp decline, with the Kospi index plummeting nearly 10% from its record high. Chip giants SK Hynix and ...
Qualcomm nearing deal for AI chip startup Modular: reportA global supplier of smartphone chips, Qualcomm has been working to reduce its reliance on the volatile handset market by branching out in...
A stock trader’s guide to navigating rare ‘Super El Niño’As fears over the Iran conflict ease, investors are turning their attention to climate risk, with a potential “Super El Niño” emerging as a...
Japan Inc follows PM Takaichi to India, with chips and investments on the agendaGuwahati is set to host the India-Japan annual summit from July 1-3, marking a significant shift to the Northeast. Toshihiro Suzuki of Suzu...
Turkish competition board approves Uber acquisition of Getir delivery business"The commitment by Uber Technologies Inc. to invest a total of US$500 million in Turkey is expected to support high-quality employment, s...
Amazon in talks to sell custom AI chips in bid to cut Nvidia’s dominanceAmazon is planning to sell its custom artificial intelligence chips to other companies. This move aims to compete with Nvidia's strong hold...
US FTC imposes divestment condition on Aurobindo Pharma's $250 mn Lannett acquisitionThe U.S. Federal Trade Commission (FTC) has mandated that Aurobindo Pharma must sell off four specific drug products. This action is a cond...
War, oil and El Nino: Triple threat may cut India Inc's profit margins by 150 bpsIndia Inc faces challenges ahead. Geopolitical tensions in West Asia and El Nino conditions may hurt company profits. Operating profit marg...
Wipro to buy 20% stake more in Aggne Global for $2 millionWipro is set to acquire a further 20% stake in Aggne Global IT Services Private Limited. This move will boost Wipro's ownership in Aggne Gl...
Bombay HC admits Preity Zinta plea against social media, AI firms in deepfake disputeThe Bombay High Court has permitted Preity Zinta to sue over a dozen firms, including social media and AI websites, for infringing her pers...
SpaceX-Tesla Inc. is inching closer. Watch out, Nvidia?That logic, and Musk’s dominant role at both companies, creates a potential conflict of interest because it would advantage the likely acqu...
Zydus Lifesciences shares fall 2% as firm acquires US-based Assertio Holdings for $166 millionZydus Lifesciences' shares dipped 2% after completing the $166.4 million acquisition of US-based Assertio Holdings Inc. The deal, finalized...
Zydus Lifesciences completes acquisition of AssertioThe company has successfully completed the cash tender offer, through wholly-owned subsidiary, Zara Merger Sub Inc, for all the outstanding...
India Inc. is profitable. So why isn’t it investing?Indian companies are making record profits, but they are not investing in new factories or infrastructure. This is creating fewer jobs and ...