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In a rare rift between the chipmaker and two of its largest clients, Amazon is joining Microsoft in endorsing legislation that might further restrict Nvidia's exports to China. The actions taken by Amazon and Microsoft to oppose a business with which they have a close relationship demonstrate how
As the most recent in a string of significant technology investments in the US, Google plans to invest $40 billion in Texas through 2027 to build new cloud computing and AI infrastructure. In order to increase Google's footprint in the US Lone Star State, the investment will help
Reliance Industries, led by Mukesh Ambani, unveiled a significant new investment in Andhra Pradesh on 13 November when it signed an agreement with the state government to build a 1 GW artificial intelligence (AI) data centre. One of Asia's most potent AI infrastructure networks will be created by
The Adani Group plans to invest over INR 63,000 crore in Assam to construct huge power projects, such as new pumped storage facilities and the largest private coal-fired plant in the Northeast. The billionaire Gautam Adani's group announced in a statement that the state government had awarded
Jim Farley, the CEO of Ford Motor business, has revealed that the business is having trouble filling 5,000 skilled-mechanic positions despite paying wages of nearly $120,000. This is one of his most severe warnings to date regarding America's labour future. Farley said the lack of skilled
Due to ongoing difficulties at Air India Ltd, Singapore Airlines Ltd's net income fell to its lowest level in three and a half years in the second quarter. In the three months ending September 30, net income dropped 82% from the same period last year to Singapore dollar
According to a report published by Reuters, Verizon's new CEO plans to lay off roughly 15,000 employees in the greatest layoffs the U.S. telecom giant has ever experienced. This is part of the executive's initial attempts to reorganise the company in response to increased
Leading decarbonisation solutions provider ReNew Energy Global Plc (ReNew) said on 13 November that it will invest INR 60,000 crore ($6.7 billion) in Andhra Pradesh to establish several green energy projects in the state, bringing its total new investment in the state to INR 82,000 crore ($9.
After the successful launch of Mahindra Manulife Investment Management in 2020, the JV will build on the partnership between Mahindra and Manulife in India, subject to regulatory permission. Each shareholder is anticipated to contribute INR 1,250 crore during the first five years, for a total capital commitment of up
According to officials on 13 November, Manoj Gaur, the managing director of Jaypee Infratech Ltd (JIL), has been arrested by the Enforcement Directorate (ED) in relation to a money laundering case worth INR 12,000 crore. Investigators claimed Gaur was involved in the misappropriation and diversion of money obtained from
The Tata Trusts meeting held on November 11 was marked by a degree of drama. It has been discovered that Venu Srinivasan, the vice-chairman and trustee of the Sir Ratan Tata Trust (SRTT), objected to the way a resolution was presented that would have appointed Bhaskar Bhat and Neville Tata
The first direct connection between Kempegowda International Airport (KIA) and central Karnataka was established by the Karnataka State Road Transport Corporation (KSRTC) with the commencement of a new Fly Bus service between KIA and Davanagere. The new route travels through Devanahalli, Doddaballapur, and Dabaspet via the Satellite Town Ring Road
CAMS (Computer Age Management Services Limited), a registrar and transfer agent, is placing a significant wager on automation, cloud-native operations, and artificial intelligence (AI) with CAMSLens, an in-house AI-powered platform that will revolutionise the way regulatory compliance is applied throughout the financial ecosystem. Real-time contextual analysis of recently issued regulatory
Neville Tata, the son of chairman Noel Tata, and company veteran and former Titan managing director Bhaskar Bhat have been appointed to the Sir Dorabji Tata Trust (SDTT) board by Tata Trusts. They will both be in office for three years. In accordance with a new Maharashtra government regulation that
Swiggy has now made its travel and lifestyle concierge service app Crew available to users in three major cities: Bengaluru, Mumbai, and Delhi, following a trial test. It coincides with the online grocery and meal delivery platform's aggressive expansion outside its primary functions of expedited commerce and food
Google Cloud revealed significant AI investments in India, including support for a new community-based platform to assess AI models for Indian languages and contexts and increased local computation capacity driven by Trillium TPUs. Through its AI Hypercomputer architecture, the tech giant is dramatically expanding the capacity of AI hardware in
For the first time, Ather Energy Ltd's overall revenue—which includes interest on investments—surpassed that of Ola Electric Mobility Ltd., a cross-town rival managed by Bhavish Aggarwal and currently fighting for market dominance. Bengaluru-based Ather Energy reported INR 941 crore in total sales from July to September,
One of the biggest single-location BESS deployments in the world and the largest in India, the Adani Group announced on November 11th its strategic entry into the Battery Energy Storage Systems (BESS) industry with a groundbreaking 1126 MW / 3530 MWh project. By March 2026, the project—which includes more than
After combining his production company, Skydance Media, with Paramount in August in an $8-billion deal that removed the Redstone family from the entertainment industry, David Ellison, the chairman and CEO of Paramount, spoke directly to Wall Street for the first time on the conference call with analysts on November 10.
According to various media reports, CarTrade Tech is planning to buy CarDekho (Girnar Software Pvt. Ltd.) in a significant consolidation move in India's online car industry. The sale is in early stages and is anticipated to be structured as a cash-and-stock transaction, according to a report by CNBC-TV18.
Physics Wallah, an edtech unicorn, announced on 10 November that it has secured INR 1,563 crore from anchor investors, one day before its initial public offering (IPO) opened. This will be the nation's first significant pure-play edtech company to list on an initial public offering (IPO). A
As part of an administrative restructuring across many teams and tasks, real-money gambling startup Gameskraft laid off almost 400 people, up from about 120 previously, the company told Moneycontrol. These layoffs occur as the Bengaluru-based business struggles to deal with the effects of the government's recent online gaming
A public notice alerting investors against digital gold, or e-gold, products offered by several online platforms has been released by the Securities and Exchange Board of India (SEBI). The regulator clarified that although certain gold investment choices fall under its purview, a large number of digital gold products are not
Capillary Technologies has submitted the red herring prospectus (RHP) for its initial public offering (IPO), which includes an offer for sale (OFS) of up to 92.29 lakh shares and a fresh issue of up to INR 345 Cr. Bidding for the IPO will begin on November 14 and end