ETtech Explainer: Did OpenAI's new AI deployment venture just kill Indian IT stocks?Indian IT stocks plummeted to three-year lows following OpenAI's launch of a new venture focused on direct AI implementation for enterprise...
Infosys, TCS, HCLTech shares tumble 5% to fresh 52-week lows; Nifty IT crashes 4%. What’s spooking investors?Indian IT stocks tumbled sharply as Infosys, TCS, HCLTech and others fell up to 5%, dragging the Nifty IT index down 3%. The selloff follow...
Jio IPO set to be fully fresh funding; no OFSReliance Industries is shifting Jio Platforms' IPO from an offer for sale to a fresh issue due to investor disagreements on pricing. This m...
Job cuts at Freshworks; Meesho, PB Fintech Q4 earningsFreshworks announced job cuts as it ramps up AI focus. This and more in today's ETtech Top 5.
OpenAI, Anthropic tap PE muscle to disrupt $300 billion IT services marketAI giants OpenAI and Anthropic are forging major joint ventures with private equity firms, injecting billions to accelerate AI adoption acr...
OpenAI, Anthropic ventures in talks to buy AI services firms: SourcesAI giants OpenAI and Anthropic are planning to buy companies that help businesses use artificial intelligence. These moves aim to bring in ...
NIIF in talks with Temasek, leads race for $1.7 bn Sprng Energy buyActis, AV Birla Group & KKR are other contenders in fray, binding bids in coming days.
Indian IT pack falls; MeitY’s e-gaming rulebookIndian IT stocks suffered on Wednesday after HCLTech’s weak Q4 numbers. This and more in today’s ETtech Top 5.
OpenAI in talks to commit up to $1.5 billion to private equity joint venture: FTArtificial intelligence firm OpenAI is reportedly planning to invest up to $1.5 billion in a new joint venture, internally named 'DeployCo'...
Whitestone REIT to be taken private by Ares in $1.7 billion dealWhitestone REIT will be acquired by funds managed by Ares Management Corp in an all-cash deal, valuing the U.S. shopping center owner at ab...
TPG to buy NIIF Green Infra NBFC Aseem for Rs 4,000 crUS buyout group TPG, alongside ICICI Bank and GIC of Singapore, is set to acquire Aseem Infrastructure Finance Ltd for Rs 4,000 crore. This...
TPG Global exits Campus Activewear; sells 7.6% via block dealThe company’s initial public offer (IPO) was entirely a secondary share sale worth Rs 1,400 crore. Ahead of the IPO, TPG Global held 5.32 c...
Tata Motors raises final tranche of Rs 3,750 crore from TRG Rise ClimateIn October 2021, Tata Motors announced that it will raise USD 1 billion in its passenger Electric Vehicle (EV) business from TPG Rise Clima...
TPG profits drop in first quarterly earnings report since IPOTPG took advantage of a strong market in 2021, selling off $25.4 billion in cash, notably $7 billion in the fourth quarter, like many of it...
Private equity firm TPG raises $1 billion in IPOTPG priced 33.9 million shares at $29.50 per share, the source said. The buyout firm had said this week it planned to sell the shares at be...
Anti-trust watchdog blocks $11 billion merger of Vodafone's Australian business with TPG TelecomTPG abandoned building its mobile telephone network in which relied on Huawei equipment after the Chinese telco was banned by Australia on ...
- TPG keen to sell balance 10% in Shriram Transport Finance
“TPG is not keen on holding the balance stake in Shriram Transport Finance... the PE firm is expected to start off-loading the shares in Ap...