Author: Gopal
Articles by Gopal Krishnan
It was Hero MotoCorp that got listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) with a small discount to its issue price during the Initial Public Offering (IPO). The opening price was set at ₹82 on the NSE, down 2.38 percent, and ₹82.10 on the BSE, which is down 2.26 percent […]
The Netherlands-based Morphotonics, which uses nanolithography for manufacturing AR smart glasses, has secured €40 million in a follow-on fundraising round led by 3M Ventures, Innovation Industries, and the European Investment Bank. The funding would help Morphotonics ramp up its production capacity of large-scale nanoimprint lithography systems to expand the supply chain of AR smart glasses, […]
Technology company Treble from Iceland has managed to secure $18 million in a Series A+ round that was backed by Paladin Capital Group in order to develop Treble’s physics-based voice simulation platform. Alongside returning investors like KOMPAS VC and Frumtak Ventures, the investment brings Treble’s total investment to over $40 million. Investment is directed at […]
One of the major players in artificial intelligence, Anthropic, has officially chosen Nasdaq as its platform for the anticipated IPO. The maker of Claude AI aims for an October listing valued at around $2 trillion, with whispers of a funding goal of up to $100 billion that may become one of the biggest in history. […]
AAHL has entered into agreements worth US$1 billion (₹9,825 crore) to raise equity from both international and Indian institutional investors. The investor syndicate includes the investment vehicles managed by BlackRock, Temasek, Alpha Wave Global, and Premji Invest. With this primary equity investment, AAHL’s pre-money equity valuation stands at US$18 billion, giving the syndicate an aggregate […]
Officially, Paytm’s parent company One97 Communications has entered the world of enterprise artificial intelligence with the introduction of “Paytm Intelligence” or Pi. The newly introduced set of B2B products will offer autonomous software agents to banks, lending institutions and insurers in India and the United Arab Emirates. Following the pilot projects, Paytm shares saw an […]
Novartis India Ltd entered into an agreement and acquired the trademarks “Minipress” and “Minipres” along with the relevant intellectual property rights from Pfizer Inc. and Pfizer Products Inc. for a total consideration of ₹1,250 crore. Board approval for the asset purchase agreement and execution and closing of the trademark assignment deeds was carried out simultaneously, […]
A huge legal tussle has broken out in relation to the personal insolvency case filed against Essel Group founder Subhash Chandra, with distressed lenders turning to the appellate forum to intensify their battle. The financial lenders have been sounding alarm bells following the approval by the National Company Law Tribunal (NCLT) of a debt repayment […]
With impressive growth momentum being seen across all Indian financial institutions, the State Bank of India may see the sum of its business double to ₹200 lakh crore by 2030. Commenting on the future of the State Bank of India, Chairman CS Setty observed that as the largest bank of India celebrates its 75th year […]