The company has emerged as a key player, alongside domestic rival SK hynix, in the supply of high-performing chips The market value of South Korea’s Samsung Electronics smashed past $1 trillion for the first time Wednesday as the firm rides an AI chip boom that has sent Seoul’s Kospi stock index to record highs. The … Read more
Kotak Mahindra Bank Saturday confirmed that it is looking at Deutsche Bank’s retail business, which is on the block, while stating that it has dropped out of IDBI Bank acquisition race because of the valuation and it would be ‘difficult to swallow’.Responding to queries at an earnings press conference Ashok Vaswani, MD & CEO said … Read more
Kiran Mazumdar-Shaw, founder of Biocon, has indicated that she was preparing for a gradual leadership transition over the next five years. Her niece, Claire Mazumdar, is expected to eventually take over from her as chairperson of Biocon. Claire Mazumdar, 37 years of age, is a biotech specialist and currently heads Bicara Therapeutics as its founder … Read more
The government has approved an Emergency Credit Line Guarantee Scheme (ECLGS 5.0) with an outlay of Rs 18,100 crore to support MSMEs and airlines hit by the West Asia conflict, PTI reported.The scheme is expected to enable additional credit flow of Rs 2.55 lakh crore, including Rs 5,000 crore earmarked for the aviation sector.“The scheme … Read more
Freshworks said on Tuesday it would cut 11% of its workforce, or about 500 jobs, as the business-software company grapples with an industry being reshaped by artificial intelligence. The cuts are the latest tied to AI in the software sector as companies race to automate work and reshape products around the technology while trying to … Read more
The entire primary investment was led by Jongsong Investments, while promoters Sathishkumar T. and Anitha S. sold 89,43,903 equity shares at ₹139.76 a share, aggregating roughly ₹125 crore, as part of a secondary transaction. Source link
Renowned industrialist Lakshmi N. Mittal and his son Aditya Mittal, along with Adar Poonawalla, have acquired a majority stake in Rajasthan Royals with a bid of $1.65 billion (approximately ₹15,600 crore) after the Kal Somani–Rob Walton–Sheila Ford Hamp consortium pulled out of the race. The transaction consideration ($1.65 billion) represents the enterprise value of Rajasthan … Read more
Greg Abel didn’t take long to address the elephant in the room. In his first few minutes addressing Berkshire Hathaway Inc. shareholders on Saturday — the first annual meeting without Warren Buffett leading the festivities — Abel took investors back to one year earlier, when Buffett shocked the room and anointed him as its next … Read more
At the first Berkshire Hathaway annual shareholder meeting led by new CEO Greg Abel, the spotlight turned back over to the company’s chairman Warren Buffett and, surprisingly, Tim Cook. Buffett looked to be fully embracing retirement as the legendary investor sat in the front row wearing a blue coloured sweater instead of his usual suit. … Read more