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TECHNOLOGY DEALS
- China blocks SoftBank's $5.4 billion acquisition of ABB Robotics
China has blocked SoftBank’s $5.4 billion acquisition of ABB’s robotics business, disrupting the Japanese group’s AI-powered robotics expan...
Persistent raises Rs 7,600 crore to wrap up funding for Nagarro SE dealPersistent Systems has made waves in the financial market by securing ₹7,600 crore through non-convertible debentures aimed at funding its ...
Palmer Luckey left Facebook at 24, later invested $1 billion in Ohio Factory; his defence company is now valued at nearly $61 billionPalmer Luckey's journey began with Oculus VR, but his vision now lies with Anduril Industries, where he's spearheading the establishment of...
- Qualcomm signs major 5G infrastructure deal with SpaceX for Starlink Mobile network
Qualcomm said the equipment would provide a flexible foundation for a multi-band network, which can be deployed in stages. The initial roll...
Beyond ‘no subscription’, NeoSapien sees a paid future for advanced AI featuresThe Bengaluru-based AI wearables startup is exploring another funding round in early 2027 but its CEO said there was no pressure to raise c...
IT firms turn to acquisitions to boost revenue growthThe contribution rose to $147-148 million in the July-September period, reflecting a full quarter of consolidation. The acquisition has the...
Ambani's Jio Platforms explores tech-for-equity talks with Comcast and Charter, sources sayJio Platforms, controlled by Mukesh Ambani's Reliance Industries, is exploring international partnerships for its broadband technology. The...
Tata Motors-Iveco will focus on building a global CV business: N ChandrasekaranTata Motors announced its acquisition of Iveco Group to enhance its global commercial vehicle operations. The $4.32 billion deal aims to im...
- Personalised festive experiences key to brand loyalty for 72% of Indian shoppers: Survey
A recent survey indicates that 72 percent of Indian holiday shoppers prefer brands that provide personalized experiences. Consumers are inc...
India aiming to achieve Rs 3 lakh crore defence production, Rs 50K crore defence exports by 2029: Rajnath SinghIndia aims to build a self-reliant defence ecosystem to meet national security challenges effectively. Defence Minister Rajnath Singh highl...
US tech giants' AI borrowing could push up Europe's bond yieldsRising AI infrastructure investments are driving US technology giants to tap European bond markets, potentially increasing borrowing costs....
Marvell to buy Lumentum in $115 billion deal in AI data-center betMarvell Technology is poised to acquire Lumentum in a groundbreaking all-stock transaction worth $115 billion. This strategic acquisition i...
Why are oil prices down today? Brent Crude futures drop by 5.9%. Here's the latest priceOil prices have fallen by 5.9% due to diplomatic talks between Iranian and Qatari officials. The hopes of a deal to end the US-Israeli war ...
Why are Marvell and Lumentum share prices down over $115 billion acquisition?Marvell and Lumentum shares have dropped after Marvell announced that it will be acquiring Lumentum in a $115 billion all stock deal. Marve...
Abu Dhabi's ADNOC, G42 sign deal with OpenAI as Sam Altman travels to UAEADNOC has officially partnered with OpenAI, marking a groundbreaking step for the energy sector as it becomes the first to leverage OpenAI'...
CCI clears Prosus' proposal to acquire stake in Sachin Bansal-led NaviCompetition Commission of India has approved Prosus' acquisition of a stake in Navi Ltd. This move aims to enhance Prosus' position in Indi...
Salesforce to buy defense tech firm Rune in military business pushBusiness software maker Salesforce said on Thursday it would buy defense technology company Rune Technologies to expand its Missionforce bu...
US trade deal will protect all sensitive Indian interests, says Piyush GoyalCommerce Minister Piyush Goyal said India’s trade deal with the US would protect sensitive interests, including those of farmers, and give ...
India's dealmaking resilient despite weak rupee, equity slump, Citi's Saraf saysIndia's M&A deal value has declined over the year while the number of deals remains stable. Strategic partnerships are expected to increase...
Freshworks acquires AI startup Robusta to strengthen IT operations platformThe acquisition will bring Robusta’s AI-based incident investigation technology to Freshservice, Freshworks’ IT service management platform...