IT DEALS
IIFL Finance board to weigh Blackstone, Advent proposals for Rs 5,000 crore capital raise
IIFL Finance's board will consider separate investment proposals from Blackstone and Advent International for a nearly Rs 5,000 crore capital raise, as the lender also explores a potential transaction involving Fairfax's stake sale.
Trump says his deportation policy 'might have been too tough' for voters
Trump has suggested a potential collaboration with Democrats to reach an immigration agreement. He has also said that while deporting criminals is important, he is open to measures allowing some immigrants to stay.
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.
Walmart Thanksgiving meal deal feeds 10 people with 26 items: What's inside, how much it costs and how to get free delivery
Walmart Thanksgiving meal deal: Walmart is bringing back its $35 Holiday Meal Basket for 2026, with 26 items designed to serve 10 people. The selection includes a Butterball turkey, stuffing, holiday sides and pumpkin pie ingredients. Shoppers can order online or in stores, with free Express Delivery available through November 30 using a promotional code.
US military carries out new targeted strike on Iran as Tehran's leaders weigh mediator's proposals
The U.S. military carried out limited strikes on Iran, targeting its air defense systems in response to ongoing tensions. US President Trump stated the military action was minor and efficient, completed in minutes. Concurrently, Iran is reviewing proposals from Qatar aimed at addressing differences related to its nuclear program. Defensive military actions followed the recent midterm elections, affecting Trump's position on conflict resolution.
US offers $20 mn reward for info on 'Iran's nuclear program': CENTCOM
Washington has announced a reward of up to $20 million for information regarding Iran's nuclear program and associated personnel. President Trump emphasized that Iran's military strength has been significantly weakened during the ongoing conflict. Additionally, he stated that Iran is now eager to negotiate a peace deal to end hostilities. Diplomatic efforts to prevent further fighting are being pursued by mediators.
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Iran reviewing proposals on Tehran's nuclear programme, officials say
Iran is reviewing proposals made by Qatar that aim to address its nuclear program and tensions with the US. As part of these discussions, Iran is demanding certain core conditions be met by the US. The White House acknowledged ongoing discussions but did not comment on the proposed measures. Regional leaders have engaged in diplomatic talks to ease tensions, with emphasis on political solutions.
Mphasis posts 19.6% growth in Q2 profit at Rs 561.1 crore
The Bengaluru-headquartered company's revenue for the three months ended September 30 rose 17.4% from a year earlier and 4.5% sequentially to Rs 4,580.9 crore.
ETtech Deals Digest: Eloelo leads as weekly funding rises to $142 million, down 35% on-year
Eloelo led deal activity with $80 million, followed by Peppermint Robotics at $10.6 million, altM at $10.3 million, Two Point O Capital at $10 million, and PowerUp Money at $10 million. Crane Venture Partners was among the most active investors, backing Peppermint Robotics and Armatrix. Omnivore invested in altM and Two Point O Capital, while Flourish Ventures backed PowerUp Money.
SAP must continue software support to Nayara: Delhi HC
Delhi High Court's division bench refused to stay a single judge's order for SAP India to continue software services. Nayara Energy requires access to SAP's support system for its operations, as denied access could incur high costs. SAP suspended its services after the European Union imposed sanctions against Nayara Energy for its links to Russia.
Democrats target Trump's 'tentacles of corruption' as new Congress prepares sweeping investigations
Democrats are preparing sweeping congressional investigations into Donald Trump, his family and administration after winning control of both chambers in the midterm elections. Potential targets include Trump family businesses, cryptocurrency dealings, ICE operations and the Epstein investigation, as party leaders seek to link alleged corruption to Americans' cost-of-living concerns.
India in final-stage talks to expand BrahMos missile sale to Philippines, sources say
India is in advanced discussions to supply additional BrahMos missile systems to the Philippines by expanding their existing deal. This potential transaction could be valued between $700 million and $800 million, considerably higher than previous contracts. The acquisition comes as the Philippines seeks to modernize its military capabilities amid rising tensions in the South China Sea.
China blocks SoftBank's $5.4 billion takeover of ABB's robotics division: FT
Softbank had agreed to buy ABB's robotics business in October last year, as CEO Masayoshi Son sought to establish SoftBank as a core player in the development of artificial intelligence.
Microsoft rejects multibillion-dollar AI deal with UK's Nscale
The report comes weeks after Microsoft pulled out of a deal to anchor Nscale's flagship data centre project in Loughton, Essex, after power connection delays pushed its expected supply date into the 2030s
China blocks SoftBank's $5.4 billion takeover of ABB's robotics division: Report
China has informed Japanese investor SoftBank that it will block the $5.4 billion acquisition of ABB's robotics segment. This decision is driven by concerns about data transfer overseas for artificial intelligence training. SoftBank had hoped for approval after reaching an agreement last October. ABB's robotics business significantly relies on the Chinese market, contributing about 30% of its total operations.
Goldman, Apollo seek buyers for $40 billion SpaceX AI chip deal
Goldman Sachs and Apollo Global Management are in talks with investors to sell portions of a roughly $40 billion financing deal for SpaceX's AI chips, Bloomberg News reported on Wednesday.
Persistent raises Rs 7,600 crore to wrap up funding for Nagarro SE deal
Persistent Systems has made waves in the financial market by securing ₹7,600 crore through non-convertible debentures aimed at funding its acquisition of Nagarro SE. This bold move saw bonds varying from two to three years issued, with demand soaring above ₹15,000 crore, attracting top investors. Additionally, the company successfully raised ₹600 crore with a one-year commercial paper at an impressive 8.75%.
Tesla stocks tumble after Democrats win Congress; Musk's $500 million Republican backing leads to new stress test for Elon’s empire
Elon Musk's substantial political contributions to Republican candidates now face challenges after Democrats gained control of Congress. His significant investments in Texas could complicate relationships due to the recent political shift. Both Tesla and SpaceX might experience increased scrutiny regarding their government contracts and regulatory approvals. Investors are concerned about the potential implications for Musk's businesses amidst changing political dynamics.
UK government announces public interest investigation into Sky deal to takeover ITV's media arm
U.K. Culture Secretary Lisa Nandy plans to intervene in the 1.6 billion-pound deal between Sky and ITV. She aims to introduce new public interest considerations that reflect modern viewing habits. The Competition and Markets Authority will review the takeover for competition concerns. Nandy expects a report addressing media public interest by January 27, which may lead to further investigation. The deal aims to strengthen competition against global streaming companies.
Qualcomm signs major 5G infrastructure deal with SpaceX for Starlink Mobile network
Qualcomm said the equipment would provide a flexible foundation for a multi-band network, which can be deployed in stages. The initial rollout will focus on terrestrial 5G, with the architecture designed to accommodate developments in connectivity and network intelligence.
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.
Oracle abandons $7 billion Tencent AI deal under Trump pressure: FT
US officials approached Oracle to raise concerns about the Tencent deal, the newspaper said, citing people familiar with the matter.
Otto launches voice AI CRM, letting field sales reps update seals with a phone call
New platform replaces post-visit data entry with a two-minute conversation, automatically handling CRM updates, follow-ups, and manager reporting.
US midterm elections 2026: First polls close in Indiana, Kentucky; Trump calls it "big deal"
The first polling stations in Indiana and Kentucky closed at 6 pm local time on Tuesday, marking the start of vote counting in the 2026 US midterm elections. Early findings from CNN's Voter Poll showed widespread dissatisfaction with Congress, the Supreme Court and both major political parties.
Greenland approves security deal with Denmark and US following months of Trump's pressure
Greenlandic lawmakers voted 16-0 to approve a security agreement with Denmark and the United States. This deal aims to strengthen military presence in the Arctic while keeping Greenland under Danish control. Although some residents express concerns about its implications for Greenlanders, they hope to curb American threats. The agreement will take effect after Danish parliamentary processes are completed later this month.
Election Day bombshells by Donald Trump: US President reveals strikes in Iran, Strait of Hormuz, major military message to Israel, trade deal with Canada
Election Day 2026 announcements by Donald Trump: Republican President has made some blockbuster announcements regarding Iran, Strait of Hormuz, military relationship with Israel and trade deal with Canada.
Trump says US will stop $4 billion military aid to Israel at end of 2026
US President Donald Trump said Washington would end its annual $4 billion military aid to Israel after 2026 under an agreement with Prime Minister Benjamin Netanyahu. Trump said Israel no longer needed the funding, while adding that the US would continue to provide assistance if the country required it.
Rahul Gandhi challenges PM Modi to open debate on foreign links, US trade deal and Epstein
Rahul Gandhi on Tuesday renewed his challenge to Prime Minister Narendra Modi for an open debate, raising questions about India's financial system, the US deal, the Adani case and Jeffrey Epstein. Gandhi also questioned allegations of Opposition links with foreign forces and suggested RSS chief Mohan Bhagwat could preside over the discussion.
Marvell to buy Lumentum in $115 billion deal in AI data-center bet
Marvell Technology is poised to acquire Lumentum in a groundbreaking all-stock transaction worth $115 billion. This strategic acquisition is intended to position Marvell more competitively against Broadcom in the rapidly growing AI sector. With this expansion, Marvell anticipates boosting its optical components production to satisfy the escalating demand in data transfer spurred by AI innovations in data centers.
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