TABULAR ACQUISITION
How Databricks’ $2.2 billion Tabular deal helped Tim Chen’s Essence VC nearly return its entire fund
Tim Chen wasn’t planning to raise a new venture capital fund when investors began approaching him. His investment in Tabular, acquired by Databricks in 2024, helped put Essence VC on the map. The interest eventually helped Chen close a $41 million fourth fund, even before he had prepared a pitch deck.
Hindalco calls off AluChem acquisition amid prolonged closing delays
Hindalco Industries Ltd has decided to terminate its USD 125 million acquisition of AluChem Companies Inc. The cancellation follows extended delays in closing the transaction, affecting both parties involved. Hindalco maintains its strategy for expanding the speciality alumina business remains unchanged despite this setback. AluChem will continue operating independently, serving its customer base as it has for nearly five decades.
Andreessen Horowitz makes a $3 billion bet against the AI bubble
The venture capital firm, which goes by the nickname a16z, set up a dedicated $1.25 billion war chest in 2024 for bets on AI infrastructure, a term that the fund defines more broadly than the costly chips and data centers that make AI run. This month, the firm said it would commit another $1.7 billion to the effort.
Senior citizen built home on Rs 22 lakh plot, sold for Rs 8 crore, got income tax notice; he fights and wins tax battle at ITAT
A senior citizen successfully appealed to the ITAT Bangalore, securing partial relief in a tax dispute over the sale of a Bengaluru property. The tribunal allowed a significant portion of his claimed acquisition and improvement costs, overturning the tax officer's disallowance of Rs 11.35 lakh for construction expenses and partially allowing Rs 20.23 lakh for improvements, while disallowing travel expenses.
Databricks to buy Sequoia-backed Tecton in AI agent push
Tecton, backed by Sequoia Capital and Kleiner Perkins, provides software that helps companies analyze and deploy data at scale with low latency. Financial terms of the deal, which consists of Databricks' private shares, were not disclosed. Tecton was last valued at $900 million in a 2022 private funding round and has about 90 employees.
Hindalco shares in focus after subsidiary acquires US-based AluChem for $125 mn
Hindalco's subsidiary has acquired US-based AluChem for $125 million, marking its entry into the low-soda tabular alumina space. The move boosts Hindalco’s speciality alumina portfolio, strengthens its North American footprint, and aligns with its strategy to lead in high-tech, value-added materials.
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Hindalco to acquire US-based AluChem for $125 million
Hindalco Industries, through its subsidiary, is set to acquire AluChem Companies, Inc. for $125 million, marking its entry into the low soda Tabular Alumina segment. This acquisition provides Hindalco with a North American foothold and advanced manufacturing facilities, boosting its specialty alumina capacity and supporting growth in high-tech sectors.
Databricks to buy data management firm Tabular for over $1 billion
San Francisco, California-based Databricks, a data analytics platform using artificial intelligence, said Tabular's team of about 40 members will join it after the transaction is completed in its second quarter ending July 31.
What is data analysis and why is it important?
Data analysis can be defined as the process of uncovering valuable insights from data by utilizing analytical and statistical tools. This involves examining, refining, converting, and modelling data, as we will delve into later in this article.
Sebi moots new disclosure framework for IPOs of loss-making cos
The move comes against the backdrop of many new age companies, that do not have a track record of having an operating profit at least in the preceding three years, tapping the Initial Public Offering (IPO) route to raise funds.
Complaint against former Prime Minister HD Devegowda, others posted to October 4
Judge NK Sudhindra Rao posted the complaint by social activist TJ Abraham to October 4 for orders after Abraham completed his submissions on some clarifications sought by the court.
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