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Chinese Group Alipay Said to Have Sold 3.4 Percent Stake in Zomato
Chinese payments group Alipay plans to sell its 3.4 percent stake in Indian food delivery giant Zomato for nearly $400 million (nearly Rs. 3,333 crore) through block deals on Indian stock exchanges, according to three sources and a Reuters review of the deal's term sheet. Alipay, owned by Ant Group, will offload its entire 3.44 percent stake in the...
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2 European Defense Giants In Race For Rs 400 Billion Indian Submarine Deal
Two European defense manufacturing giants are seeking to win a 400 billion rupee ($4.8 billion) order to build submarines in India as the South Asian nation looks to strengthen its navy to counter China's expanding naval presence in the
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Amazon Great Freedom Festival 2023: Best Deals on Bluetooth Speakers
Amazon Great Freedom Festival 2023 sale kicked off on Friday, August 4 for all users and offers discounts on a variety of products. Amazon is offering additional discounts for purchases made using SBI credit cards and EMI transactions during the sale.
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Adobe, Figma $20 Billion Deal to Face Full-Scale EU Antitrust Probe After Preliminary Review
Adobe's $20 billion (roughly Rs. 1,63,400 crore) bid for cloud-based designer platform Figma will reportedly face a full-scale EU antitrust investigation following EU regulators' preliminary review. The move underscores antitrust watchdogs' wariness of tech deals where bigger companies may acquire rival start-ups to shut them down.
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Infosys Inks AI Deal With Estimated $2 Billion Target Spend Over Five Years: Details
Infosys has inked a five-year deal with an existing client with a target spend of $2 billion (roughly Rs. 16,400 crore) for artificial intelligence and automation services, the IT services firm said in an exchange filing. According to Infosys, the agreement includes AI and automation development, modernization, and maintenance.
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UK to Ban Cold Calling for Crypto, Insurance Deals to Zero Down on Fraud Activities Draining Billions
UK may soon stop merchants from cold calling their potential customers. The decision is nudged by the rising numbers of financial fraud cases in the nation. UK’s National Crime Agency (NCA) has estimated that the nationals there could be losing up to GBP 7 billion (roughly Rs. 71,648 crore) annually to these telecom-powered financial frauds.
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FTX Agrees to Sell LedgerX for $50 Million, to Seek Bankruptcy Court Approval on May 4
FTX on Tuesday announced that it had reached an agreement to sell LedgerX, the bankrupt crypto exchange's crypto derivatives platform to an affiliate of Miami International Holdings. The crypto firm will seek approval for the sale of its platform in a deal worth $50 million (roughly Rs. 400 crore) in a US bankruptcy court on May 4.
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Joe Biden Meets German Chancellor, Ignores Russia's Warning On Arms
The United States responded Friday to a Russian warning against arming Ukraine by offering a further $400 million in security assistance, as President Joe Biden hosted German Chancellor Olaf Scholz in a show of unity against Moscow.
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Google Said to Have Invested $400 Million in OpenAI's ChatGPT Rival Anthropic
Google is said to have invested almost $400 million (roughly Rs. 3,299 crore) in artificial intelligence startup Anthropic, which is testing a rival to OpenAI’s ChatGPT. Google and Anthropic separately announced a partnership in which Anthropic will use Google’s cloud computing services.
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2 Gulab Jamuns For Rs 400! Man Tweets On Zomato's 'Unbelievable' Food Pricing
A man, identified as Bhupendra, took to Twitter to share a post explaining how the online platforms strategise their offers and deals.
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Indian Sugar Mills Renegotiate, Default On Export Deals To Catch Jump In Prices
Indian sugar mills have been renegotiating and defaulting on contracts to supply 400,000 tonnes of the sweetener to overseas buyers as prices jumped after the government cut this year's export quota, five dealers told Reuters.
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Crypto Lender BlockFi Attracts Bid from Curve On Over 87,000 Suspended Card Holders
Curve payments company is looking to purchase over than 87,000 credit card customers from BlockFi crypto lender whose credit cards have been suspended this November. If Curve’s acquisition deal comes through, it will continue to allow users to earn crypto awards. The company has also said that the users will not be ported to yet another centrally...
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Microsoft Said to Have Offered No Remedies in EU Antitrust Review of Activision Deal
Microsoft's has not offered any remedies to EU antitrust regulators reviewing its proposed $69 billion (nearly Rs. 5,71,400 crore) bid for Call of Duty maker Activision Blizzard ahead of an expected full-scale EU probe, a person familiar with the matter said on Monday. The US software company is betting on the acquisition to help it compete bett...
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Meta Accepts CMA Order to Sell Giphy After Losing Appeal in UK Antitrust Battle
Meta on Tuesday said it would accept the UK's Competition and Markets Authority (CMA) order to sell Giphy in its entirety, expressing disappointment after it lost an appeal in the UK. Giphy is a platform and search engine for "stickers" and other products using the graphics interchange format, or GIFs. The watchdog argued the deal would limit cho...
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Twitter Confirms Intent to Close Elon Musk's Takeover Offer at Original Price
Twitter said on Tuesday that Tesla CEO Elon Musk had sent the company a letter that he intended to complete the takeover agreed upon earlier this year, seeking to acquire the platform for $44 billion (roughly Rs. 3,58,300 crore). The microblogging service announced via a tweet that it intends to close the offer at the original price of $54.20 (roug...
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Chinese Group Alipay Said to Have Sold 3.4 Percent Stake in Zomato
Chinese payments group Alipay plans to sell its 3.4 percent stake in Indian food delivery giant Zomato for nearly $400 million (nearly Rs. 3,333 crore) through block deals on Indian stock exchanges, according to three sources and a Reuters review of the deal's term sheet. Alipay, owned by Ant Group, will offload its entire 3.44 percent stake in the...
-
2 European Defense Giants In Race For Rs 400 Billion Indian Submarine Deal
Two European defense manufacturing giants are seeking to win a 400 billion rupee ($4.8 billion) order to build submarines in India as the South Asian nation looks to strengthen its navy to counter China's expanding naval presence in the
-
Amazon Great Freedom Festival 2023: Best Deals on Bluetooth Speakers
Amazon Great Freedom Festival 2023 sale kicked off on Friday, August 4 for all users and offers discounts on a variety of products. Amazon is offering additional discounts for purchases made using SBI credit cards and EMI transactions during the sale.
-
Adobe, Figma $20 Billion Deal to Face Full-Scale EU Antitrust Probe After Preliminary Review
Adobe's $20 billion (roughly Rs. 1,63,400 crore) bid for cloud-based designer platform Figma will reportedly face a full-scale EU antitrust investigation following EU regulators' preliminary review. The move underscores antitrust watchdogs' wariness of tech deals where bigger companies may acquire rival start-ups to shut them down.
-
Infosys Inks AI Deal With Estimated $2 Billion Target Spend Over Five Years: Details
Infosys has inked a five-year deal with an existing client with a target spend of $2 billion (roughly Rs. 16,400 crore) for artificial intelligence and automation services, the IT services firm said in an exchange filing. According to Infosys, the agreement includes AI and automation development, modernization, and maintenance.
-
UK to Ban Cold Calling for Crypto, Insurance Deals to Zero Down on Fraud Activities Draining Billions
UK may soon stop merchants from cold calling their potential customers. The decision is nudged by the rising numbers of financial fraud cases in the nation. UK’s National Crime Agency (NCA) has estimated that the nationals there could be losing up to GBP 7 billion (roughly Rs. 71,648 crore) annually to these telecom-powered financial frauds.
-
FTX Agrees to Sell LedgerX for $50 Million, to Seek Bankruptcy Court Approval on May 4
FTX on Tuesday announced that it had reached an agreement to sell LedgerX, the bankrupt crypto exchange's crypto derivatives platform to an affiliate of Miami International Holdings. The crypto firm will seek approval for the sale of its platform in a deal worth $50 million (roughly Rs. 400 crore) in a US bankruptcy court on May 4.
-
Joe Biden Meets German Chancellor, Ignores Russia's Warning On Arms
The United States responded Friday to a Russian warning against arming Ukraine by offering a further $400 million in security assistance, as President Joe Biden hosted German Chancellor Olaf Scholz in a show of unity against Moscow.
-
Google Said to Have Invested $400 Million in OpenAI's ChatGPT Rival Anthropic
Google is said to have invested almost $400 million (roughly Rs. 3,299 crore) in artificial intelligence startup Anthropic, which is testing a rival to OpenAI’s ChatGPT. Google and Anthropic separately announced a partnership in which Anthropic will use Google’s cloud computing services.
-
2 Gulab Jamuns For Rs 400! Man Tweets On Zomato's 'Unbelievable' Food Pricing
A man, identified as Bhupendra, took to Twitter to share a post explaining how the online platforms strategise their offers and deals.
-
Indian Sugar Mills Renegotiate, Default On Export Deals To Catch Jump In Prices
Indian sugar mills have been renegotiating and defaulting on contracts to supply 400,000 tonnes of the sweetener to overseas buyers as prices jumped after the government cut this year's export quota, five dealers told Reuters.
-
Crypto Lender BlockFi Attracts Bid from Curve On Over 87,000 Suspended Card Holders
Curve payments company is looking to purchase over than 87,000 credit card customers from BlockFi crypto lender whose credit cards have been suspended this November. If Curve’s acquisition deal comes through, it will continue to allow users to earn crypto awards. The company has also said that the users will not be ported to yet another centrally...
-
Microsoft Said to Have Offered No Remedies in EU Antitrust Review of Activision Deal
Microsoft's has not offered any remedies to EU antitrust regulators reviewing its proposed $69 billion (nearly Rs. 5,71,400 crore) bid for Call of Duty maker Activision Blizzard ahead of an expected full-scale EU probe, a person familiar with the matter said on Monday. The US software company is betting on the acquisition to help it compete bett...
-
Meta Accepts CMA Order to Sell Giphy After Losing Appeal in UK Antitrust Battle
Meta on Tuesday said it would accept the UK's Competition and Markets Authority (CMA) order to sell Giphy in its entirety, expressing disappointment after it lost an appeal in the UK. Giphy is a platform and search engine for "stickers" and other products using the graphics interchange format, or GIFs. The watchdog argued the deal would limit cho...
-
Twitter Confirms Intent to Close Elon Musk's Takeover Offer at Original Price
Twitter said on Tuesday that Tesla CEO Elon Musk had sent the company a letter that he intended to complete the takeover agreed upon earlier this year, seeking to acquire the platform for $44 billion (roughly Rs. 3,58,300 crore). The microblogging service announced via a tweet that it intends to close the offer at the original price of $54.20 (roug...
