TCS to acquire Porsche IT unit MHP for €320 millionTata Consultancy Services will acquire Porsche AG's IT consulting subsidiary MHP for an enterprise value of €320 million. The acquisition i...
24 Aug, 2026, 06.57 PM IST
Healthtech startup Healthify merges with US-based Berry StreetHealthify has completed an all-stock merger with the US-based nutrition firm Berry Street, bringing together Healthify's AI-led platform wi...
24 Aug, 2026, 06.45 PM IST
Trump-linked RUM Group signs $13.7 billion AI deal with US-based cloud clientUnder the deal, the customer will get access to GPUs and related services from RUM Group's Maysville, Georgia site, which is currently un...
24 Aug, 2026, 06.18 PM IST
Xpeng's robotics unit valued at over $6.3 billion after record funding roundThe proceeds will be used to develop robotics hardware and software, train and refine physical AI models, collect high-quality data, build...
24 Aug, 2026, 05.01 PM IST
Midcap IT likely to see better H2, AI-led deflation weighs on FY27 growth: Anand RathiIndia's midcap IT services sector could see improved deal conversion and operating leverage in the second half of FY27, but revenue growth ...
24 Aug, 2026, 03.32 PM IST
Hexaware Technologies shares rally 5%; Motilal Oswal reiterates buy with target price of Rs 720Hexaware Technologies shares rose on Monday after Motilal Oswal reiterated its Buy rating with a Rs 720 target, implying 35% upside. The br...
24 Aug, 2026, 10.56 AM IST
Alibaba stock slumps in Hong Kong after $10.2 billion share placement to fund AIAlibaba said on Sunday its HK$80 billion ($10.21 billion) share placement finalised at HK$112.70 apiece - an 8.4% discount to its Friday cl...
24 Aug, 2026, 08.02 AM IST
Anthropic hires Google chip veteran Amir Salek as part of push into hardwareAI firm Anthropic has hired a Google chip founder for its new semiconductor team. This move signals Anthropic's ambition to develop its own...
23 Aug, 2026, 01.00 AM IST
AI volumes may outweigh revenue deflation for IT sector by FY30: ReportCLSA said the industry is facing "multiple macro/micro headwinds", but expects AI to eventually create new growth opportunities. It said AI...
22 Aug, 2026, 05.11 PM IST
Nvidia invests in data center developer Cloverleaf InfrastructureThe investment will help Cloverleaf develop sites for the data centers, while Nvidia will support infrastructure buildouts for AI computi...
22 Aug, 2026, 01.12 PM IST
India's private credit funds increasingly turn to AI for deal sourcing, underwriting: EYIndian private credit funds are adopting artificial intelligence for deal sourcing and analysis. Most funds use AI moderately for data anal...
22 Aug, 2026, 12.33 PM IST
AI reshapes India's IT services sector contracts as clients demand more for lessOutsourcing giants like Tata Consultancy Services, Infosys, Wipro, HCLTech and Cognizant are rejigging business models, increasingly tying ...
21 Aug, 2026, 04.11 PM IST
Broadcom seeks more than $60 billion in latest AI debt dealThe numbers under discussion would potentially bring the total raise to as much as $100 billion, according to the report.
21 Aug, 2026, 08.51 AM IST
Cognition CEO denies SpaceX acquisitionBloomberg, citing people familiar with the matter, reported on Thursday that SpaceX had explored a deal to acquire Cognition as it looks to...
20 Aug, 2026, 09.54 PM IST
Payments firm Stripe to buy marketplace OpenRouter in AI pushWhile the companies did not disclose the value of the deal, a source familiar with the matter, who requested anonymity to discuss confident...
20 Aug, 2026, 08.29 AM IST
Marvell shares jump 8% after chipmaker hands Google option to buy $12.2 billion stakeMarvell shares surged 8% after securing a Google agreement to develop custom AI chips and related technologies. Google received a warrant f...
19 Aug, 2026, 07.49 PM IST
ET Graphics: Agentic AI automates retail therapyAI agents are now initiating and completing millions of transactions weekly. Users can order food by simply chatting with artificial intell...
18 Aug, 2026, 02.17 PM IST