GENERATOR DEALS
Smaller deals become big revenue driver for India’s top IT firms
The number of customers generating $1-10 million in annual revenue increased at most of these companies in the first half of fiscal 2027 from a year earlier, even as that of their big clients remained largely flat or grew at a slower pace.
Anthropic strikes $3.4bn deal to generate gas-fired power for data centres: Report
The AI startup bought commitments for 1.7 gigawatts of heavy-duty generators for $3.4 billion in late September from OnePWR Solutions, a San Antonio, Texas-based equipment supplier, the report said.
Is Cathie Wood betting on the next stage of the AI boom amid Wall Street’s tech stock crash, buying SpaceX and Nvidia while selling $120 million in Broadcom stock?
Cathie Wood is buying AI stocks while Wall Street is selling them. ARK Invest purchased nearly $49 million in SpaceX and $46 million in Nvidia after Thursday’s tech sell-off wiped out more than $3 trillion in US market value. But it sold $119.7 million in Broadcom and $20 million in CoreWeave. The contrasting trades raise questions about Wood’s AI strategy.
Pace heavy India look to extend advantage over New Zealand in second ODI
India's new pace attack looks to build on their success against New Zealand in the upcoming ODI. Adjustments are expected due to the unique dimensions of the Hnry Stadium's boundaries. Rohit Sharma is anticipated to bounce back after his earlier dismissal, while Virat Kohli's strong performance will be crucial. New Zealand faces challenges with injuries, particularly with Devon Conway ruled out of the series.
Alivus Life Sciences block deal: Promoter Nirma sells over 28 lakh shares worth Rs 390 crore; Norges Bank, Helios MF among buyers
Nirma sold 28.46 lakh Alivus Life Sciences shares worth Rs 390 crore through a block deal at Rs 1,370 apiece. Norges Bank, Bandhan MF and others bought shares as Alivus reported strong Q2FY27 earnings growth.
900-year-old book records Kashmir's kings and their wars, now earns UN recognisition along with Mahabharata and Chanakya's Arthashastra
UNESCO has added Kalhana's Rajatarangini, the Mahabharata and Kautilya's Arthashastra to its Memory of the World Regional Register for Asia and the Pacific. The decision was taken at the committee's 11th session in Jakarta, taking India's total regional inscriptions to six, following three recognitions in 2024.
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Over half of consumers use AI for wellness, yet concerns over accuracy persist: McKinsey
More than half of consumers use artificial intelligence for wellness, yet 40 per cent of United States consumers worry its advice may be inaccurate, according to a McKinsey report.
China blocks SoftBank's $5.4 billion acquisition of ABB Robotics
China has blocked SoftBank’s $5.4 billion acquisition of ABB’s robotics business, disrupting the Japanese group’s AI-powered robotics expansion. The intervention highlights Beijing’s growing scrutiny of cross-border deals involving strategically important technologies.
Michael Jackson vs Elvis Presley: Which estate earned more after their deaths?
Michael Jackson’s business interests generated an estimated $140 million in the latest annual earnings ranking, well ahead of Elvis Presley’s $75 million. The success of Jackson’s billion-dollar biopic helped boost his earnings, while Presley continues to make money through Graceland, music and licensing.
Trump-linked crypto assets slip up to 16%, AI data centre stocks slide after Democrats' US midterm win
Trump-linked cryptocurrencies tumbled up to 16%, while shares of Bitcoin miners transitioning into AI data centre businesses slumped as Democrats' strong midterm performance rattled investor sentiment. Concerns over tighter regulations, potential construction delays in Texas and rising financing costs weighed on companies betting on the AI infrastructure boom.
Outback Steakhouse Restaurant Closures 2026: Check full list of locations recently shut amid franchisee bankruptcy
Outback Steakhouse has closed 10 locations across four US states due to financial difficulties of a franchisee. The franchisee, Out West Restaurant Group, filed for Chapter 11 bankruptcy protection after struggling since 2018. These closures have raised concerns about potential future restaurant shutdowns but do not affect the entire chain. Bloomin' Brands plans to acquire the remaining franchise operations and provide financial support.
Ukraine, US, Russia to hold working-level trilateral talks within a week: Zelenskyy
Ukrainian President Volodymyr Zelenskyy announced upcoming trilateral talks with the US and Russia to discuss the ongoing war. The discussions with US envoys lasted for an hour and a half and focused on security and diplomatic efforts. A significant meeting in Brussels facilitated collaboration on Ukraine's postwar recovery and security guarantees. Meanwhile, Russia continues its attacks on Ukraine, prompting increased mediation from the US.
Gold gains 3% as dollar slides after Democratic midterm gains
On Wednesday, gold prices surged by 3%, reaching impressive new levels following the midterm elections, during which Democrats secured control of both the Senate and House. This political transformation, combined with a weaker dollar, heightened gold and precious metals demand. Investors are keenly watching for the upcoming US non-farm payrolls report, as rising interest rates and ongoing fiscal risk concerns continue to influence market sentiment.
AI sales startup Nooks secures $500 million in funding for expansion
Unlike traditional investors that buy a stake in a company, General Catalyst's commitment involves taking a share of the returns its capital helps generate, Nooks CEO Dan Lee said. He declined to give details on the terms of the deal.
Digital recruitment is creating a new cybersecurity risk for employers
Online hiring has made it easier for companies to reach candidates across locations, but it has also exposed recruitment processes to identity fraud, manipulated assessments and misuse of personal information. HR teams are increasingly responsible for protecting the integrity and security of the hiring process.
AI deployment accelerating, but enterprises becoming more discerning: Freshworks CEO Dennis Woodside
The Nasdaq-listed software-as-a-service (SaaS) company reported a 14% year-on-year increase in revenue to $245.4 million for the July-September quarter, marginally ahead of its guidance. Net profit stood at $18.3 million, compared with a loss of $4.7 million in the year-ago period.
Deb Haaland becomes the first Native American woman to be elected as Governor: Here’s more about her as she wins in New Mexico
Deb Haaland has etched her name in history as the first Native American woman to hold the governor's office in the US, securing 57% of the votes in a fierce contest against Republican Gregg Hull in New Mexico. A previous Cabinet secretary and a Congress member since 2018, she emphasizes progressive ideals like the Green New Deal and Medicare for All.
Beyond ‘no subscription’, NeoSapien sees a paid future for advanced AI features
The Bengaluru-based AI wearables startup is exploring another funding round in early 2027 but its CEO said there was no pressure to raise capital because its cash burn remained low and capital from earlier round was still in the bank.
IT firms turn to acquisitions to boost revenue growth
The contribution rose to $147-148 million in the July-September period, reflecting a full quarter of consolidation. The acquisition has therefore become a significant part of the firm’s reported revenue base.
Freshworks crosses $1 billion ARR as enterprise push lifts growth
Revenue for the July-September quarter rose to $245.4 million from $215.1 million a year earlier. Net profit stood at $18.3 million, compared with a loss of $4.7 million in the year-ago period. Its non-GAAP operating margin expanded to 29.8% from 21% a year earlier, while adjusted free cash flow increased 29% to $73.9 million.
Premji Invest goes big on strategic output & tech
Premji Invest and Singularity AMC are likely to lead a $30-40 million round in Sanlayan at a valuation of about $200 million, according to the people. Separately, Premji Invest is in advanced talks to lead Hical’s first institutional funding round of $30-40 million, alongside TVS Capital.
What Michael Jackson’s will says about who inherits, and who doesn’t
Michael Jackson passed away, leaving his estate primarily to benefit his mother, Katherine, and his three children. His father and siblings were excluded from inheritance arrangements following his wishes in his will. The estate generated significant income from music releases and other projects after his death. Notably, over $91 million was spent on taxes and related expenses between 2009 and 2013.
Sony is offering US gamers up to $400 for their used PlayStation 5. Here's why you should think twice before trading it in
Sony is partnering with Back Market to offer up to $400 for trading in used PlayStation 5 consoles. Gamers can obtain cash based on the console's condition, model, and accessories included with it. This trade-in program, running until December 31, 2026, is focused on existing players rather than attracting new buyers. With the upcoming release of GTA 6, demand for consoles is expected to increase significantly.
India aiming to achieve Rs 3 lakh crore defence production, Rs 50K crore defence exports by 2029: Rajnath Singh
India aims to build a self-reliant defence ecosystem to meet national security challenges effectively. Defence Minister Rajnath Singh highlighted budget increases and production goals during a recent meeting. The focus includes modernizing military capabilities and enhancing personnel preparedness for contemporary warfare. Strategic autonomy, technological advancements, and operational readiness are crucial for India's military future. The objective is a military that can handle various security challenges through continuous modernization efforts.
GRSE shares jump 9% after signing Rs 32,000 crore Indian Navy contract for five next-generation corvettes
GRSE shares surged nearly 9% after securing a Rs 32,000-crore Indian Navy contract to build five Next Generation Corvettes. The nine-year project will strengthen indigenous defence manufacturing, enhance maritime capabilities and reinforce GRSE's warship-building position, adding significantly to its order book and long-term business prospects.
Green-debt fees hit nearly $3 billion, topping fossil fuels for fifth year
For the fifth consecutive year, leading global banks generated more revenue from green projects than fossil fuel financing. Data shows these banks earned approximately $3 billion from climate-related financing this year. Major players include Bank of China, BNP Paribas, and Deutsche Bank for green bonds. However, US banks dominated the fossil fuel financing deals, led by Wells Fargo and JPMorgan.
Family members can reject sale of joint HUF land and treat it as void if Karta sells it solely for personal benefit; Key legal rules you must know
In a Supreme Court ruling from earlier this year, the sale of joint ancestral property was deemed invalid if it only benefited one family member. The court highlighted that the head of a family must demonstrate genuine necessity for such sales. Karta is a manager and not an absolute owner of joint property. Sales favoring one coparcener are particularly susceptible to legal challenges.
Rs 40,000-crore project for 8 next-gen corvettes cleared by Cabinet; GRSE, Goa Shipyard to build warships
The Cabinet Committee on Security (CCS), chaired by Prime Minister Narendra Modi, has approved a project worth over Rs 40,000 crore to build eight Next-Generation Corvettes for the Indian Navy. The warships will be constructed by Garden Reach Shipbuilders & Engineers (GRSE) and Goa Shipyard Limited (GSL), featuring an indigenous stealth design. The first vessel is targeted for delivery by 2030, strengthening India's maritime security and domestic defence manufacturing capabilities.
Ambani magic captivates India once more with blockbuster deal
Jio Platforms Ltd. recorded India's largest IPO, raising $3.1 billion and experiencing a 27% rise in shares. The Ambani family strategically adapted the deal structure and lowered valuations to attract investors. Mukesh Ambani's son Akash played a significant role in this IPO process, marking a milestone for the Ambani dynasty. Jio's market valuation exceeded $130 billion, becoming India's second-most valuable company.
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