Growing openness of large family-owned businesses to partnering with institutional investors is one of the biggest structural shifts in the Indian market, said Ravi Lambah, head of India at Temasek. “Every family wants to create long-term value,” Lambah told ET in an interview Wednesday. “If we can help strengthen governance, prepare businesses for IPOs, support … Read more
Not long ago, Intel looked like a fallen giant. Now, the chipmaker has posted its “strongest revenue growth in more than fifteen years,” CEO Lip-Bu Tan said Thursday. The company’s second-quarter results sent shares up more than 11% in after-hours trading. The company reported revenue of $16.1 billion, up 25% from a year earlier. It … Read more
The U.S. imposed 10% tariffs on goods purchased from India and 16 other countries over the issue of the use of forced labour in the production of such items. U.S. Trade Representative Jamieson Greer announced the new tariffs on 60 countries under Section 301 of the Trade Act on Friday (July 24, 2026), a day … Read more
The Board of Anant Raj Ltd (ARL), has approved the demeger. ARL will first consolidate all its data centre and cloud operations under one entity before carving them out into Ashok Cloud Pvt. Ltd (ACPL), a dedicated digital infrastructure and cloud services company that will be listed independently. Shareholders of ARL will receive one fully … Read more
SBI Funds Management entered the stock market after attracting robust institutional demand. SBI Funds Management stock listing: Years of employee stock ownership at SBI Funds Management is poised to generate multi-crore wealth for several executives as the country’s largest asset management company enters the stock market. Based on the IPO issue price of Rs 574 … Read more
For decades it seemed Indian IT could only grow. The Y2K bug turbocharged their initial expansion in the late 1990s, and though later waves of changing technologies brought down other companies (remember Nokia), the Indian IT sector surfed to success. With every new technology, they pivoted. From SMAC (social, mobile, analytics and cloud) to SaaS … Read more
“The AI bubble is actually an OpenAI bubble,” AI critic and researcher Ed Zitron says, arguing that the ChatGPT maker sits in the centre of today’s AI boom. If it collapses, he warns, it could become “the Lehman Brothers of the AI bubble.” “OpenAI is the reason anyone cares about AI,” Zitron says and further … Read more
The AI boom has unleashed an unprecedented wave of spending, with technology companies committing hundreds of billions of dollars to AI infrastructure, data centres, chips, and startups. But amid this investment frenzy, one key question remains: where is all the money actually going? OpenAI led AI boom Today’s AI spending wave can be traced back … Read more