Global investment major KKR has received the competition watchdog CCI’s approval to acquire a stake in Gentari Renewables India, a clean energy platform of Malaysia’s energy giant PETRONAS. KKR is making the investment through its affiliate Sapphire US HoldCo (USA), LLC, which will subscribe to certain securities of Gentari Renewables India Pte Ltd, the Competition … Read more
Fintech firm Razorpay has secured approval from markets regulator Sebi for its proposed initial public offering (IPO) of ₹5,000-6,000 crore, sources familiar with the development said on Wednesday. The company is targeting a valuation of around $5 billion through the public offering, they added. The development comes after Razorpay submitted its draft IPO papers with … Read more
The $500 billion wipeout marked the second-largest single-day loss in market value recorded by a company, after chipmaker Nvidia lost nearly $600 billion in early 2025 Shares of Google parent Alphabet plunged more than 12% on Thursday, wiping out around $500 billion in market value in one of the biggest single-day losses in stock market … Read more
Amazon’s cloud business is growing at its fastest pace in nearly five years, but its massive AI spending spree is putting pressure on cash flows, which further raises questions about the cost of the technology race. The company in its quarterly report declared that Amazon Web Services (AWS) revenue increased 39.3% year-on-year to $46 billion … Read more
After two decades of spurning the idea, Apple Inc. unveiled an overhauled MacBook Pro that includes a touch screen, giving its flagship laptop a feature that has become a must-have in the personal computer industry. The thinner and lighter machine, which comes in 14- and 16-inch sizes, is also the first Mac with OLED — … Read more
The India-US Trade Facilitation Portal has attracted around 3,500 registrations within months of its launch, commerce and industry minister Piyush Goyal said, highlighting its role in helping Indian exporters, particularly MSMEs and first-time exporters, connect with American buyers.In a post on X, Goyal described the response as encouraging and said the initiative was creating new … Read more
Elon Musk’s recent warning of a mass die-off among AI cloud companies has put fresh pressure on a market already rattled by falling bond prices and mounting concerns over debt-fuelled data-centre spending. The Tesla and SpaceX chief predicts a wave of failures and consolidation among neoclouds, just as Nvidia CEO Jensen Huang assured investors that … Read more
Nasdaq-listed travel platform MakeMyTrip’s consolidated net profit swung to $1.8 million compared with a net loss of $5.7 million in the corresponding period last year, according to the quarterly results announced by the company on Monday.  The air ticketing business remained impacted by macroeconomic headwinds, including high fares and constrained capacity, the management revealed … Read more
Volkswagen AG has paused further investment in its electric-vehicle (EV) programme in India while seeking greater clarity on a potential partnership with Sajjan Jindal-led JSW Group, according to a Bloomberg report. The German automaker has completed design work for a proposed project that could use a lower-cost electric-vehicle architecture originally developed for China. However, it … Read more