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 […]
Leveraging the bullish sentiment and the increasing demand for artificial intelligence hardware, semiconductor company Intel has increased its latest equity offering, generating $20 billion worth of financing to aid the expansion of its foundry business segment. Intel has priced the issuance of 210.5 million common shares at $95 per share, amounting to only a small […]
Space exploration coupled with the creation of the artificial intelligence infrastructure calls for unparalleled financial muscle. In its groundbreaking first-ever quarterly earnings report following its going public debut, SpaceX offered a glimpse into what the real cost looks like for a rocket innovator to turn into a leading AI computing enterprise. Although the total figures […]
In a strategic move to counter the growing menace of cybercrime, global payments leader Visa has announced that it will buy the behavioral biometric technology company BioCatch for $2.4 billion in cash. The transaction entails the purchase of the Israel-based fraud protection company from the private equity company Permira, together with other minority holders. With […]
