Business
PayPal shuts down $850Mn venture arm amid restructuring
PayPal is shutting down PayPal Ventures, ending a corporate venture capital operation that spent a decade investing in some of the most prominent names in fintech and financial…
SpaceX’s IPO raises record $85.7Bn as underwriters sell 15% additional shares
SpaceX has taken its record-breaking stock market debut to an entirely new level. After already raising $75 billion in its initial public offering (IPO), the company’s underwriters exercised…
Razorpay submits confidential DRHP to SEBI for $600Mn IPO: Report
Razorpay, one of India’s largest fintech companies, has confidentially filed draft IPO papers with SEBI and stock exchanges for a public issue expected to raise about $600 million…
SpaceX wraps up Nasdaq opening day at $161 apiece, valuing Elon Musk’s rocket company at $2.1Tn
In what is the biggest public market debut ever in history, Elon Musk’s rocket company made a stunning NASDAQ debut, listing at $150 apiece. That took the company…
SpaceX set for historic Nasdaq debut today in record $75bn IPO, Elon Musk set to be world’s first trillionaire
SpaceX is making its long-awaited stock market debut today, marking one of the most significant moments in both financial and technology history. The Elon Musk-led company has priced…
TCS partners with Anthropic to deploy Claude AI for 50,000 employees, expands enterprise AI services
India’s largest IT services company, Tata Consultancy Services, has announced a global strategic partnership with AI firm Anthropic. Under the agreement, TCS will provide access to Anthropic’s Claude…
ADIA’s trust plans to sell 2.3% stake in Lenskart via ₹1,944-crore block deal: Report
Lenskart is witnessing another major shareholder sale as Platinum Jasmine A 2018 Trust, an investment vehicle backed by the Abu Dhabi Investment Authority (ADIA), is reportedly planning to…
OpenAI confidentially files for IPO through draft S-1 submission to US SEC
OpenAI has confidentially filed a draft registration statement (Form S-1) with the US Securities and Exchange Commission, marking the formal beginning of its long-anticipated initial public offering process.…
Trump administration considers taking stakes in OpenAI and other AI giants: Report
The Trump administration is reportedly considering one of the most unusual ideas to emerge from the AI boom – allowing the US government to take equity stakes in…
Blackstone-backed AirTrunk plans $30Bn investment to build AI data centers in India
AirTrunk, the Australia-based hyperscale data-center operator owned by Blackstone and backed by the Canada Pension Plan Investment Board (CPPIB), has announced plans to invest more than $30 billion…
Morgan Stanley projects SpaceX revenue to reach $3.4Tn by 2040: Report
Morgan Stanley has released one of the most ambitious long-term forecasts ever made for a private company, estimating that SpaceX could reach about $3.4 trillion in annual revenue…
Ola Electric secures ₹780 crore through QIP as issue gets oversubscribed by 56%
Ola Electric Mobility has raised around ₹780 crore through a Qualified Institutional Placement (QIP), with the issue being oversubscribed by 56%, showing strong institutional interest despite the company’s…
T-Mobile opens its first overseas tech hub in India, targets 1,000 employees by 2027
US telecom giant T-Mobile has marked its entry into India’s technology ecosystem with the launch of a new engineering centre in Hyderabad, its first such facility outside the…
DeepSeek could raise $7.4Bn in its first funding round at a $59Bn valuation
Chinese AI startup DeepSeek is preparing to raise about $7.4 billion (around 50 billion yuan) in its first-ever external funding round, a deal that could value the company…
Uber lays off 23% of people division after new leadership takes charge
Uber has started a major reorganization of its corporate workforce, cutting 23% of employees in its People & Places division, the team that handles human resources, recruiting, workplace…
SpaceX targets staggering $75Bn in IPO, will set price at $135 per share
In what is easily the most hotly anticipated public listings in the tech industry, Elon Musk’s space company SpaceX, is eying a record $75Bn raise in its planned…
Anthropic confidentially files for US IPO after reaching $965Bn valuation in a recent funding round
Anthropic has officially begun the process of going public, confidentially filing paperwork with the US Securities and Exchange Commission (SEC) for an IPO. The filing comes just days…
Ola Electric opens QIP following board approval for fundraising, sets floor price at ₹37.74 per share
Ola Electric has launched a Qualified Institutional Placement (QIP) to raise fresh capital from institutional investors and has fixed the floor price at ₹37.74 per share. The decision…
Intel to set up $3.3Bn substrate manufacturing plant in India, partners with 3DGS
Intel is set to strengthen India’s semiconductor ambitions with a proposed $3.3 billion advanced semiconductor substrate manufacturing facility in Odisha’s Bhubaneswar–Khurda region. The project, being developed with US-based…
SK Hynix reaches $1Tn club after Samsung and Micron as demand for HBM AI memory chips surges
South Korean semiconductor giant SK Hynix has crossed the historic $1 trillion market valuation mark, becoming one of the biggest beneficiaries of the global AI boom. The company’s…
Micron now valued at over $1Tn amid AI chip boom
Micron Technology has crossed the $1 trillion market capitalization mark for the first time, becoming one of the few semiconductor companies in history to achieve the milestone. Shares…
