Anil Mehta
The major technology companies, including Amazon and Nvidia, are heavily investing in Figure AI, a growing robotics startup focused on developing humanoid robots. According to reports, Figure AI has secured approximately $675 million in funding, with notable backers such as Microsoft, OpenAI, and Intel’s venture capital arm contributing to this substantial financial infusion. This funding … Read more
Apple is shaking up its hardware team that oversees audio features across products like AirPods, Macs, and more. After nearly 13 years as Apple’s Vice President for Acoustics, Gary Geaves is retiring, and Ruchir Dave is taking his place. Dave has been with Apple for over 14 years, working in a variety of roles. The … Read more
Zee Entertainment (ZEEL) and Sony Group Corporation have rekindled discussions to salvage their $10 billion merger, which hit a roadblock two years ago. Representatives from both entities have engaged in intensive talks in Mumbai, aiming to resolve critical issues within the next 48 hours. The merger, initially called off on January 22, 2024, due to … Read more
Air India and Tata Advanced Systems Ltd (TASL) have signed a memorandum of understanding (MoU) with the Karnataka government, committing to a substantial investment of Rs 2,300 crore. This strategic collaboration is poised to revolutionize the aerospace ecosystem in Karnataka, promising to generate over 1,600 direct jobs and an impressive 25,000 indirect employment opportunities. The … Read more
Forbes India recently announced annual ’30 Under 30′ list, spotlighting 37 exceptional individuals under the age of 30 who are making significant contributions in various domains. The roster, curated by an expert jury, features a diverse array of talents, from the entertainment industry to climate change initiatives and innovative start-ups. The list spans across 19 … Read more
New York (Khabarr) – On Friday Microsoft-backed OpenAI has concluded a transformative deal that values the artificial intelligence company at a staggering $80 billion or more. Sources familiar with the deal revealed that the company facilitated the sale of existing shares through a “tender offer” led by venture firm Thrive Capital. Under the terms of … Read more
Dr. Reddy’s, a prominent Indian pharmaceutical company, has emerged as a potential acquirer for Novartis AG’s stake in Novartis India Limited, marking a significant move within the pharmaceutical industry. This development comes following Novartis AG’s announcement of a strategic review of its subsidiary, Novartis India Limited, encompassing various facets, including the Swiss pharmaceutical giant’s 70.68 … Read more
27-year-old entrepreneur Pearl Kapur has etched his name in history as India’s youngest billionaire, propelled by the rapid success of his tech startup, Zyber 365. Founded merely nine months ago, Zyber 365 has swiftly climbed the ranks in the tech industry, disrupting retail and attaining unicorn status with an impressive valuation of ₹9,800 Crore. Established … Read more
In a strategic move to fortify its position in the competitive FMCG market, Tata Consumer Products Ltd (TCPL) has taken the initiative to acquire Organic India and Capital Foods to accelerate its growth trajectory. The company, known for its iconic brands like Tata Tea and Tata Salt, signed definitive agreements on Friday to acquire 100% … Read more
Amaha, formerly known as InnerHour, announced on Wednesday that it has successfully secured ₹50 crore in an extended Series A funding round. The funding was led by Fireside Ventures, a prominent investor in consumer-focused startups, with additional contributions amounting to ₹15.6 crore from other angel investors. Amaha, operating out of Mumbai, specializes in providing comprehensive … Read more