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Cerebras shares climb as Wall Street brokerages back AI chip strategyCerebras shares saw a rise on Monday. Several Wall Street firms initiated coverage with positive outlooks. They are backing the chip design...
Kiwi targets Rs 5,000 crore premium book with AI-led insurance modelA new general insurance company, Kiwi General Insurance, is set to launch in India. Backed by WestBridge Capital and Neelesh Garg, it plans...
RBI approves Sahamati as SRO for Account Aggregator ecosystemThe Reserve Bank of India has recognized Sahamati as the Self-Regulatory Organisation for the Account Aggregator ecosystem. This move forma...
Morgan Stanley expects SpaceX revenue to hit $3.4 trillion in 2040SpaceX's revenue could hit $3.4 trillion by 2040, according to Morgan Stanley projections. The company is also preparing for its initial pu...
Credit guarantee scheme for MFIs still stuck in low gearBanks have received an aggregate loan demand of Rs 10,000-12,500 crore under the scheme, according to people familiar with the matter. Whil...
Microfinance NPAs may edge up in FY27 as write-off practices normalise: CareEdgeForecasts for FY27 suggest a modest rise in bad loans for microfinance institutions, a development stemming from the adjustments following ...
Jefferies initiates coverage on Poonawalla Fincorp with Buy rating. Why are analysts bullish?Jefferies has initiated coverage on Poonawalla Fincorp with a Buy rating and a target price of Rs 490. The brokerage sees strong growth pot...
Fintech WeRize raises $7 million led by Sony Innovation FundBengaluru-based fintech WeRize has secured $7 million in a funding round led by Sony Innovation Fund. The capital will bolster its AI and t...
RBI’s Swaminathan warns banks on rising risks beyond balance sheetsIndian banks face a new era of resilience. RBI Deputy Governor Swaminathan J highlighted the need to manage complex uncertainties from geop...
Kotak Alts raises $1 billion through 14th real estate fundKotak Alts has successfully raised one billion dollars for its fourteenth real estate fund. The Abu Dhabi Investment Authority anchored the...
SpaceX targets $1.75 trillion valuation in all-primary IPO next week, sources saySpaceX is preparing for a massive initial public offering targeting a valuation of $1.75 trillion. The company plans to raise at least $75 ...
SpaceX negotiating underwriting fees below 1% for IPO: ReportElon Musk's SpaceX is aiming to raise approximately $75 billion this month through its initial public offering. The company is reportedly n...
Coforge shares gain over 2% after unveiling agentic AI platform for insurance industryCoforge's stock saw a boost following the launch of its "Nexa Agentic AI Platform," designed to enhance the global insurance industry. This...
JLR to raise £2 billion five-year loan from global banks to refinance debtJaguar Land Rover is securing a significant £2 billion loan. This move aims to refinance upcoming debt obligations. Several multinational b...
Insurers racing to ‘AI-proof’ systems as IRDAI flags risksIndian insurers are rethinking how they assess cyber risks. Regulators have asked them to review exposure to artificial intelligence-driven...
OpenAI has discussed adding Citigroup, JPMorgan to bank lineup for IPOOpenAI filling out its roster of underwriters would bring it a step closer to an IPO, which could come later this year. A confidential IPO ...
BimaKavach appoints Pradeep Siddharthan as CTPOBusiness insurtech firm BimaKavach has appointed Pradeep Siddharthan as its Chief Technology and Product Officer. Siddharthan will spearhea...