Meta Platforms looks like a money-printing machine. So why has it been loading up on billions of dollars in debt to pay for its new data centers? It turns out…
Category: Companies
WhatsApp tells Supreme Court it will comply with CCI directions on user consent by 16 March
WhatsApp told the Supreme Court on Monday that it will fully comply with the Competition Commission of India’s (CCI) directions relating to user consent for sharing data with parent company…
HAL addresses LCA Tejas ‘accident’, works with Air Force for resolution – Here’s what the PSU said
Hindustan Aeronautics Limited (HAL) addressed reports on Monday, 23 February, and clarified that there was no crash of the LCA Tejas, only a minor technical incident, the state-owned firm informed…
Hillhouse Investment acquires minority stake in Singapore-based Quest Global
MUMBAI: Hillhouse Investment has acquired a minority stake in Quest Global, an engineering services company in Singapore, in a mix of primary and secondary share purchases, the companies said in…
Vertis InvIT plans to double AUM to ₹52,000 crore in two years; eyes ₹5,000–6,000 crore acquisitions annually
Vertis Infrastructure Trust, an infrastructure investment trust (InvIT) backed by global investment firm KKR and Ontario Teachers’ Pension Plan, plans to double its assets under management (AUM) to about ₹52,000…
Mint Explainer: What’s driving VCs to launch deeptech accelerators?
Investing in India’s deeptech startups isn’t new; venture funds have been doing it for a while. Now, the startup ecosystem is seeing the rise of deeptech accelerators, where generalist funds…
How the IDFC First Bank scam unfolded: From employees in the dock for ₹590 crore fraud, timeline of events, what’s ahead
IDFC First Bank has suspended four employees at a branch in Chandigarh for suspected involvement in a ₹590 crore fraud targeting bank accounts linked to the Haryana state government. In…
UPL restructures, but debt clouds the reset
UPL’s restructuring may have been pitched as value unlocking, but the market response was sceptical. When trading opened on Monday, the stock fell as much as 12%, as brokerages flagged…
HC quashes order staying proceedings against Anil Ambani to classify his bank accounts as fraud
Mumbai, Feb 23 (PTI) In a setback to industrialist , the Bombay High Court on Monday quashed a single bench interim order that stayed proceedings initiated against him and Reliance…
Anthropic engineer who created Claude Code says AI will take over most internet-based jobs — ‘It will be painful’
The US is going to see an AI revolution very soon, with a top Anthropic engineer predicting that a new generation of artificial intelligence agents will take over nearly every…