Fintech company Pine Labs, backed by Peak XV, is targeting a listing by the second week of November. The company’s $700 million initial public offering (IPO) is expected to open in the first week of November, according to three people familiar with the plans. “The company is likely to go public between November 10-15. The … Read more
Ministry of External Affairs (MEA) has banned the company from participating in future tenders of the ministry and India Mission abroad for two years. The order has been issued on the account of allegations including court cases and complaints of various applicants. The order will not affect the existing contracts, which will continue as per … Read more
The Company has signed a MOU with Germany-based NEURA Robotics GmbH to jointly develop and industrialise advanced robotics and humanoid technologies. The tie up targets to leverage upon Sona’s precision engineering and manufacturing capabilities, and NEURA’s expertise in cognitive robotics. NEURA was founded in 2019, and is focused on Cognitive Robotics Last it raised $130 … Read more
SoftBank Group has agreed to acquire the robotics business of Swiss engineering group ABB for $5.4 billion, marking a major step in the Japanese investor’s strategy to merge robotics and artificial intelligence (AI), which Founder and CEO Masayoshi Son calls “Physical AI.” This acquisition, announced on Wednesday, is the latest effort by CEO Son to … Read more
Lingering doubts about the economic promise of artificial intelligence technology are starting to get the attention of financial institutions that raised warning flags this week about an AI investment bubble. Officials at the Bank of England on Wednesday flagged the growing risk that tech stock prices pumped up by the AI boom could burst. “The … Read more
IndusInd International Holdings Ltd. (IIHL), Mauritius has announced the acquisition of 100% stake in Sterling Bank, Bahamas. The company said in a statement that it had earlier acquired 51% stake in September 2022, and has now completed the acquisition of the remaining 49% equity. The acquisition was made through IIHL’s wholly owned subsidiary, IIHL (Capital), Mauritius. … Read more
In what is one of the biggest investments in the pharma sector in India in recent years, American giant Eli Lilly and Company is injecting over $1 billion (approx Rs 8,900 crore) in setting up new contract manufacturing facilities in India over the next few years. This includes a new manufacturing and quality hub in … Read more
India’s markets regulator has begun discussions on bringing family offices under its oversight, as the nation’s billionaires become a growing force on exchanges, according to people familiar with the matter. The discussions include asking family offices to disclose their entities, assets and investment returns for the first time, as well as a separate category to … Read more
Zerodha founder and CEO Nithin Kamath has warned that a continuation of the ongoing stock market headwinds may force his brokerage house, which has long pioneered a free platform for its millions of users, may have to start charging fees. In a recent blog, Nithin Kamath said that Zerodha had suffered a significant 40 per … Read more