London-based private markets firm Pantheon Ventures, which has backed Indian private equity firms including Kedaara Capital, Multiples and ChrysCapital, is actively evaluating transaction opportunities in India, even as it remains…
Category: Companies
3,800 workers are set to strike Monday at one of the nations largest meatpacking plants
GREELEY, Colo. (AP) — About 3,800 workers at one of the nation’s largest meatpacking plants were set to strike Monday morning in Colorado in what union representatives said would be…
Meta’s AI woes aren’t a unique problem within the Magnificent Seven
Artificial intelligence has been a persistent sticking point for Meta Platforms but its problems compared with the other Magnificent Seven stocks have been greatly exaggerated. Meta stock tumbled 3.8% on…
Wells Fargo’s AI boss tells employees how not to get replaced by evolving tech
As artificial intelligence (AI) continues to advance, Wells Fargo is working to ensure its workforce adapts. Saul Van Beurden, head of AI and the co-CEO of consumer banking and lending,…
NSE hired a record 20 bankers for its IPO. The goal: Keep rivals inside the deal.
MUMBAI: The National Stock Exchange of India Ltd (NSE) has lined up a record 20 merchant bankers for its initial public offering (IPO), seeking to manage one of India’s largest…
SK On Targets US Energy Storage Market in Shift From EVs
SK Innovation Co.’s battery unit is in talks with multiple American data center and energy developers to supply batteries for energy storage systems, aiming to secure at least 10 gigawatt-hours…
Triton Partners Raises €5.5 Billion for Delayed Flagship Fund
(Bloomberg) — Triton Partners has raised €5.5 billion ($6.3 billion) for its new flagship fund, people familiar with the matter said, an important milestone after the European buyout firm’s ability…
Air India audit uncovers large-scale misuse of staff vacation travel scheme; 4,000 employees under scanner: Report
Air India has identified extensive inconsistencies in the application of its staff vacation travel program, affecting over 4,000 personnel, and has commenced remedial measures, including the application of sanctions on…
upGrad signs term sheet to acquire Unacademy in all-stock deal
Edtech firm upGrad has signed a term sheet to acquire rival Unacademy in a 100% share-swap transaction, signalling a potential consolidation move in India’s struggling online education sector. “We at…
Swedish court orders detention of Russian captain of tanker boarded off Sweden
STOCKHOLM — A Swedish court on Sunday ordered the detention of the Russian captain of a ship that was suspected to be sailing under a false flag in the Baltic…