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…
Category: Companies
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…
Generic medicine makers prepare to launch affordable options after Novo’s patent for Ozempic, Wegovy expires
Indian firms including Ajanta Pharma, Dr. Reddy’s Laboratories, Lupin, Mankind Pharma and Sun Pharmaceuticals, are poised to fulfill demand for weight loss drugs with more affordable generic options after Novo…
TikTok and Meta’s algorithm race compromised safety for engagement, say whistleblowers: Report
Social media giants Meta and TikTok compromised safety for engagement in their algorithm race, BBC reported citing a dozen of whistleblowers and insiders from the companies. They said internal reviews…
Can Nvidia’s dominance survive the sea change under way in AI computing?
Each spring, thousands of software engineers gather in San Jose, Calif., to ogle the latest superfast computer processors and take coding workshops at Nvidia’s annual developers’ confab. The event is…
Ashar Group launches Urban Futures Lab, commits ₹25 crore to back urbantech startups
Ashar Group, on 16 March, said it had launched Ashar Urban Futures Lab (UFL), India’s first venture studio for urbantech, proptech, and constructiontech, committing ₹25 crore to support 10–15 startups…
Citi sees no surge in corporate credit demand despite oil shock amid West Asia conflict
MUMBAI: As the war in West Asia disrupts shipping and pushes oil prices higher, Citibank’s corporate clients are largely holding off on tapping their credit lines. The muted demand for…
Why Simba beer maker is looking to shift gears to a more premium play
NEW DELHI: Rising input costs and tighter state policies are reshaping India’s beer market, pushing smaller brewers to rethink their strategy. For Simba Beer maker Sona Beverages Pvt Ltd, the…
Pilot to proof: India’s agentic AI startups face a funding test
BENGALURU: India’s agentic artificial intelligence (AI) startups are running into a funding wall. Investors are moving away from “fund the narrative” and focusing on “fund the proof”, backing startups that…