Business News

Business

Intel Announces Strategic Spin-off of Networking Business to Fuel Innovation and Growth

Intel Corporation plans to spin off its Network and Edge Group into a standalone business, seeking investors for growth. The company faces challenges, including workforce cuts and ...

Business

NSDL IPO Stuns Investors with Rs 760-800 Price Band: A 20% Discount from Unlisted Market High

NSDL's upcoming IPO has set a price band of Rs 760–800 per share, surprising investors with a 22% discount from its unlisted market peak. The Rs 4,011.6 crore issue opens for subsc...

Business

AI Startup Anthropic Aims for a Staggering $150B Valuation in Groundbreaking Funding Round

AI startup Anthropic is targeting a $150 billion valuation in a new funding round, with Middle Eastern investors, including UAE's MGX, showing interest. The move highlights the boo...

Business

Inside the Turbulent Succession Battle at Sona Comstar Following Sunjay Kapur's Mysterious Death

The sudden death of Sunjay Kapur has unleashed a bitter family feud over the control of Sona Comstar, highlighting allegations of coercion and a rushed succession plan during a tim...

Business

Rupee Dips to 86.52 Against Dollar: Equity Slump and Crude Surge Fuel Decline Amid Trade Uncertainties

The rupee ended 12 paise lower at 86.52 against the US dollar, affected by weak equities, rising crude prices, and foreign fund outflows. Analysts cite trade uncertainties and geop...

Business

Indian Liquor Firms Cry Foul Over UK's Non-Tariff Barriers Post India-UK FTA Deal

Indian liquor companies allege discrimination in the UK market post India-UK FTA, citing non-tariff barriers that hinder fair access. They call for government intervention to ensur...

Business

Yali Capital Surpasses Funding Goals with Rs 893 Cr Deeptech Fund, Targets 8 Startups by Year-End

Yali Capital has closed its debut deep tech fund at Rs 893 crore, aiming to invest in 8 startups by year-end. Focused on sectors like AI, robotics, and semiconductors, the fund see...

Business

Sona Comstar AGM Controversy: Late Chairman's Mother's Deferment Plea Rejected Amid Ownership Dispute

Sona Comstar proceeded with its AGM despite a deferment plea from the late chairman's mother, Rani Kapur, amid allegations of an attempt to usurp the family legacy and disputes ove...