Anthropic has closed a deal to raise $13 billion from investors in a new funding round that nearly triples its valuation to $183 billion, including dollars raised – a larger-than-expected haul that makes the AI company one of the most valuable startups in the world. The financing, one of the largest to date for an…
Sweden’s “buy now, pay later” financial services firm Klarna said on Tuesday it aims to raise $1.27 billion through an initial public offering in New York, setting a price band of $35 to $37 a share, after an earlier plan was delayed due to market volatility.Klarna had first announced plans for an IPO in November…
The Trump family’s latest foray into cryptocurrency has triggered questions over conflict of interest after a $750 million transaction put their businesses on both sides of the deal, The Wall Street Journal reported.According to the WSJ, the arrangement centres on World Liberty Financial (WLFI) — the Trump family’s flagship crypto venture launched last year. Earlier…
NEW DELHI: Soon after the Centre cleared a Rs 62,000 crore deal to buy 97 more LCA Mark 1A fighter aircraft, India is close to signing a deal of around USD one billion with the American firm GE for supplying 113 more GE-404 engines for the indigenous combat aircraft.Indian state-owned firm Hindustan Aeronautics Limited has…
Toshihiro Suzuki after PM Modi launched the export programme of Maruti Suzuki India’s first electric vehicle e VITARA Japanese car manufacturer Suzuki Motor Corporation, on Tuesday, announced plans to invest Rs 70,000 crore in India over the next five to six years to enhance its operations in the country, as said by Representative Director and…
The Department of Posts on Saturday announced a temporary suspension of most international postal services to the United States, effective August 25, following new US regulations impacting international shipments. In the backdrop of US-India trade tensions and India’s Russian oil imports, EAM S Jaishankar stressed that national interest will guide India’s policies. Meanwhile, ED has…
As trade tensions with the United States intensify, India has enlisted a new lobbying firm to engage with President Donald Trump’s administration. The Indian Embassy in Washington, DC recently signed a contract with Mercury Public Affairs, a firm led by former Senator David Vitter, to strengthen its diplomatic outreach in the US capital. According to…
NEW DELHI: The Adani Group has further expanded its presence in the maintenance, repair and overhaul (MRO) space. After acquiring Air Works, it has now bought another major MRO player in Nagpur.Adani Defence Systems and Technologies (ADSTL), through its joint venture Horizon Aero Solutions, has signed a definitive agreement to acquire a 100% stake in…
Former PM HD Deve Gowda (PTI image) and US President Donald Trump (AP image) NEW DELHI: Former Prime Minister HD Deve Gowda has strongly criticized US President Donald Trump over his recent comments describing India’s economy as “dead.” In a sharp statement issued on Friday, Gowda said Trump’s remarks were “baseless and ill-tempered” and praised…
Shahid Afridi and Yuvraj Singh (Image credit: X) NEW DELHI: It’s official. The Yuvraj Singh-led India Champions have refused to play against arch-rivals Pakistan in the semifinals of the World Championship of Legends. India had previously boycotted their group-stage match against Pakistan earlier in the tournament. The Indian team — featuring legends like Shikhar Dhawan,…