In a win for the restaurant industry, Zomato has agreed to share customers’ phone numbers with eateries after seeking consent from users, the National Restaurant Association of India (NRAI) said. The restaurant industry had been at loggerheads with food delivery platforms – Zomato and Swiggy – over their refusal to share consumer data, which the … Read more
Anthropic is now valued at around $350 billion, up from its $183 billion valuation as of September, after Microsoft and Nvidia jointly invested $15 billion in the AI startup, CNBC reported. Microsoft announced this strategic partnership with Nvidia and Anthropic on Tuesday, signalling a fresh push to diversify its AI needs and reduce its reliance … Read more
iD Fresh, which makes ready-to-cook packaged food items, is in talks to sell about 30% stake in the company for around ₹1,200 crore to global private equity funds, including Permira, Apax, L Catterton and Carlyle, according to four people familiar with the matter. “The PE firms are bidding for about 30% stake ( ₹1,200 crore) … Read more
IT major Infosys‘ largest-ever share buyback programme worth Rs 18,000 crore is set to open for subscription on Thursday, and will close on November 26, according to a regulatory filing, PTI reported.The company plans to buy back 10 crore fully paid-up equity shares of a face value of Rs 5 each, representing up to 2.41 … Read more
Apple is intensifying its succession planning efforts as Tim Cook prepares to step down as CEO as early as next year, according to a report by the Financial Times on Friday. John Ternus, Apple’s senior vice president of hardware engineering, is potentially seen as Cook’s successor, the FT reported, citing several people familiar with discussions. … Read more
Digital payments giant PhonePe announced on Thursday, 13 November, a strategic collaboration with OpenAI to integrate the popular generative Artificial Intelligence (AI) model ChatGPT into its ecosystem. With this move, AI-powered assistance will become widely accessible to millions of Indian users across the payments platform’s ecosystem, including the PhonePe app, PhonePe for Business, and the … Read more
In a stock exchange filing, Cartrade has informed about the above. According to media reports, the proposed deal could value CarDekho’s automotive classifieds business at around $1.2 billion This is significant vis-a-vis Cartrade’s own size; its mcap currently is around 1.7 bn $. If the deal goes through, it would add significant debt on the … Read more
Italian stationery company Fila SpA is reviewing options for its minority stake in India-listed Doms Industries Ltd as it seeks to deepen ties with the fast-growing Asian market, according to people familiar with the matter. Among the options being considered are increasing the Doms stake, selling some of it or potentially combining the companies, the … Read more
Billionaire value investor and the Chief Executive Officer (CEO) of the Omaha-based investment giant, Berkshire Hathaway, in his recent letter to the shareholders, announced that he is leaving his four family foundations with a billion-dollar parting gift. The Oracle of Omaha, Warren Buffett, in his letter, announced that he will stop writing annual reports and … Read more