(Bloomberg) — As Boaz Weinstein’s hedge fund, Saba Capital Management, takes on one of the most high-profile environmental investment trusts in Britain, the standoff is morphing into a particularly brutal…
Category: Companies
Canadian miner Sherritt International stops plan to dissolve Cuban joint venture
TORONTO (AP) — Canadian miner Sherritt International Corp. announced Tuesday it is no longer pursuing a plan to dissolve its Cuban joint venture, reversing a decision it announced last week…
Beyond Appliances targets ₹500 crore ARR as smart kitchen category gains traction
Kitchen appliances startup Beyond Appliances is targeting an annual recurring revenue (ARR) run rate of ₹500 crore over the next three years as it doubles down on its smart kitchen…
Anthropic hires OpenAI co-founder Andrej Karpathy to build next-generation Claude AI models
OpenAI co-founder and former Tesla AI leader Andrej Karpathy has announced that he is joining Anthropic, marking a high-profile addition to one of OpenAI’s biggest rivals in the artificial intelligence…
Defence drone start-up EndureAir Systems bags ₹30 crore to scale 200-kg payload heavy-lift drone
Endure Air Systems, the IIT Kanpur-incubated start-up building unmanned aerial vehicles (UAVs) and autonomous aerial systems, has secured ₹30 crore from the Government of India’s Research, Development and Innovation (RDI)…
Unacademy test-prep CEO Sumit Jain to step down ahead of upGrad merger
Unacademy’s Chief Executive for the test-preparation business, Sumit Jain, will step down from his full-time operating role effective June 30, ahead of the company’s proposed merger with upGrad, according to…
British International, Copenhagen Infrastructure launch renewable energy fund in India
British International Investment (BII), a UK-based development finance institution and impact investor, and Danish global fund manager Copenhagen Infrastructure Partners (CIP) through its Growth Markets Fund II (GMF II), today…
HAB Pharma merges with Signature Phytochemicals, bolsters manufacturing
HAB Pharma and Signature Phytochemicals have completed their merger, creating an entity with a consolidated turnover of about ₹600 crore. Finalized in March 2026, the merger was undertaken to streamline…
R K Swamy Q4 consolidated net profit at ₹16 crore
Advertising and marketing services firm R K Swamy, on Tuesday, reported a consolidated net profit of ₹16 crore for the quarter ending March 2026 as compared to ₹12 crore in…
MakeMyTrip sharpens domestic focus as West Asia conflict drags down profit by 29.8%
MakeMyTrip is expanding focus on domestic segment and short haul trips as ongoing West Asia conflict continues to impact overseas travel. The company management outlined it’s growth plan after…