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 […]
With spending on data centers and cutting-edge chips hitting record highs, the heated discussion about the sustainability of AI spending is getting more and more attention these days. In an attempt to challenge the pessimistic statements made by Jeff Bezos, Nvidia executives explained why hundreds of billions of dollars being spent on generative infrastructure are […]
The scaling of the thermal management and ventilation technology across industrial infrastructure requires engineering expertise, significant manufacturing capabilities, and unique components. Making a giant step forward, Chicago-headquartered Madison Air Solutions has signed an agreement to acquire ebm-papst, a German company producing fans and motors, with an enterprise value estimated at $5.4 billion. Founded in 1963 […]
Fast fashion e-commerce giant Shein is all set to debut its public market journey with substantially revised pricing. After years of preparation following regulatory changes in several countries, the Singapore-based company is targeting a valuation of about $30-$40 billion for its much-anticipated Hong Kong IPO that may take place as early as mid-August. The valuation […]