Information technology (IT) services companies are beginning to change their billing strategies to account for artificial intelligence (AI) work as the new technology increasingly takes over routine tasks. For instance,…
Category: Companies
Data centre boom brightens engineering job prospects—100,000 new jobs likely
A new employment engine could be emerging for India’s engineering graduates as the country accelerates the build-out of the digital backbone powering its online economy, offering a potential counterweight to…
Atomberg’s next spin as it prepares for IPO: From selling fans to supplying components
Bengaluru: After disrupting India’s ceiling fan market with energy-efficient motors, Atomberg Technologies is now targeting the appliance supply chain, expanding into component manufacturing as it prepares for a public listing…
Asian Private Bankers Go on Blitz to Calm Private Credit Nerves
(Bloomberg) — Private bankers across Asia are scrambling to contain client anxiety as redemption pressures ripple through the $1.8 trillion private credit market, even in a region seen as more…
Bankman-Fried’s Mom Told to Not Call Court on Son’s Behalf
(Bloomberg) — FTX co-founder Sam Bankman-Fried’s mother may have been a law professor at Stanford University. But the judge who sentenced her son to 25 years in prison said she…
Mark Zuckerberg’s tech firm Meta’s shares jump on report of plans to cut 20% or more of workforce
Meta Platforms shares rose nearly 3% on Monday after a Reuters report that the social media giant plans to lay off 20% or more of its workforce to offset heavy…
Reliance signs $3 billion deal with Samsung C&T for 15-year supply of Green Ammonia — Here’s all we know
Reliance Industries has signed a $3 billion (approx. ₹27,665 crore) binding long-term Supply and Purchase Agreement (SPA) with South Korea’s Samsung C&T Corporation, for supply of Green Ammonia over a…
OpenAI courts private equity to join enterprise AI venture, sources say
NEW YORK, March 16 (Reuters) – OpenAI is in advanced talks with private equity firms including TPG, Advent International, Bain Capital and Brookfield Asset Management to form a joint venture…
Atlys secures $36 million in Series C funding from Susquehanna Asia VC
Atlys, a visa processing startup, has closed a $36 million Series C funding round led by Susquehanna Asia VC. Existing investors include Elevation Capital, Long Journey Ventures, and Peak XV…
IPO-bound CMPDI bets on parent Coal India to power future growth
IPO-bound Central Mine Planning and Design Institute (CMPDI), the mining consultancy arm of Coal India Ltd, is betting on the state-run miner’s ambitious production expansion to drive its own growth…