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
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
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
Chennai (Khabarr) – The Chennai Trade Centre was abuzz with global leaders and industry moguls as Tamil Nadu played host to the Tamil Nadu Global Investors Meet 2024. The event witnessed Tamil Nadu signing investment pacts exceeding $4.39 billion with industry giants such as Tata Electronics, Pegatron, and Hyundai Motors, underlining the state’s commitment to … Read more