AXIRO SEMICONDUCTOR
Razorpay eyes IPO; Sarvam's $1.5 billion leap
Happy Monday! Razorpay is planning an IPO at a lower valuation than its $7.5 billion peak. This and more in today's ETtech Morning Dispatch.
Axiro will scale fabless chip business in phases: CG Power chairman
Axiro Semiconductor, a CG Power subsidiary, is expanding its fabless chip business, initially targeting connectivity, satellite communication, and industrial applications. Axiro is already shipping millions of chips every month and has built a portfolio of around 200 commercialised chips over the past decade, Axiro’s chief executive, Naveen Yanduru said.
Stocks in news: Wipro, Angel One, HDB Financial, Clean Max Enviro, M&M
In today's trade, shares of Wipro, Angel One, HDB Financial, Clean Max Enviro, M&M among others will be in focus due to various news developments and fourth quarter results.
CG Power arm Axiro, MPower invest in Japanese AI chipmaker EdgeCortix
Axiro Semiconductor and MPower Partners have made a significant leap by investing in EdgeCortix, a trailblazing firm from Japan dedicated to advancing energy-efficient AI technology. This funding is set to expedite EdgeCortix’s innovations in next-gen platforms tailored for Generative and Agentic AI applications.
'Semiconductors are new steel to build India’s eco-tech security': CG Power’s Vellayan Subbiah
Murugappa group company’s chairman Vellayan Subbiah called semiconductors the “new steel,” stressing IP ownership as vital for economic security. Through Axiro Semiconductor and an OSAT plant, the company targets design-led value, ecosystem building, and global competitiveness to strengthen India’s technological autonomy.
Indian cos commit $6.8 bn overseas FDI in Apr; nearly USD 6 mn in Azerbaijan, Turkiye
Indian entities have pledged nearly USD 6 million in foreign direct investments in Azerbaijan and Turkiye, a small portion of the total USD 6.8 billion proposed overseas investments in April. This comes amid calls for boycotts of Turkish and Azerbaijani goods and tourism following their condemnation of India's strikes on terror camps in Pakistan.
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Stocks in news: Adani Green, Adani Enterprises, NCC, Godrej Properties, Max Healthcare
The rally was fueled by renewed foreign investor interest and expectations that the recent market downturn has bottomed out. In today’s session, stocks like Adani Green, Adani Enterprises, NCC, Dr. Reddy’s, Max Healthcare, and Apollo Hospitals will be in focus due to key developments.
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