Palantir CEO Alex Karp has given a list of two groups who should not be worried about the rise of artificial intelligence technology. During a recent podcast, Karp talked about…
Category: Companies
Everstone-backed Subway set to plan India IPO to raise up to $150 million
Everstone-backed Subway India has begun preparations for an initial public offering that could raise between $100 million and $150 million, three people familiar with the matter said. The company has…
Indian luxury set for strong sales as West Asia war keeps affluent at home
As global tensions rise and travel sentiment towards conflict-hit West Asia sours, Indian luxury retailers expect affluent consumers to increasingly shift their discretionary spending domestically. The April-June quarter, usually a…
Fashion retailer OVS bets big on India, aims to make it largest market outside Italy
Italian family fashion retailer OVS S.p.A is betting big on India, with plans to make it the company’s largest market outside its home country. The move signals confidence in India’s…
Infosys’ $560 million bet on two US tech firms is its all-time highest M&A spend in a year
Infosys Ltd’s announcement late Wednesday to buy two US-based tech services firms for $560 million takes its acquisition spend in a fiscal to an all-time high, reflecting the pressing need…
Plum Insurance raises $20 million, offers partial exit to Incubate Fund Asia
Plum Insurance has raised $20 million ( ₹193 crore) from existing investors Peak XV Partners and Tanglin Venture Partners, and a new investor, Japan-based GMO Venture Partners. The funding round…
Binance Tightens Market Making Rules In Wake of Crash Criticism
Binance, the world’s largest crypto exchange, is tightening rules for token issuers and providers of liquidity on the platform following criticism of digital-asset market practices during October’s market meltdown. In…
Jury finds Instagram and YouTube liable in a landmark social media addiction trial
LOS ANGELES (AP) — A jury found Meta and YouTube liable Wednesday in a that aimed to hold social media platforms responsible for harm to children using their services, awarding…
SC upholds states’ right to change industrial policy in a 25-year-old dispute
The Supreme Court on Wednesday upheld the government’s powers to withdraw electricity duty exemptions for captive power plants, ruling in favour of Maharashtra in a 25-year-old dispute with companies such…
Rocketlane raises $60mn Series C round, led by US-based PE firm Insight Partners
Rocketlane, an artificial intelligence(AI)-powered professional services automation (PSA) platform, has raised $60 million in its Series C funding round led by US-based private equity firm Insight Partners. The Chennai-based startup…