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For the purchase of Airbus planes, Air India borrows USD 120 million from Japan’s SMBC-thumnail

For the purchase of Airbus planes, Air India borrows USD 120 million from Japan’s SMBC

The Tata Group-owned airline Air India has borrowed USD 120 million from Japanese lender SMBC to buy a wide-body Airbus aircraft, the lender announced on Wednesday. An official statement stated

Investment & Funding

Dec 20, 2023

A Microchip Was Released by Telecom Italia to Improve Cybersecurity Services.-thumnail

A Microchip Was Released by Telecom Italia to Improve Cybersecurity Services.

On Thursday, Telecom Italia (TIM) unveiled a brand-new microprocessor that it created to enhance cybersecurity in areas including defense systems, cloud computing, and mobile devices. TIM Chief Executive Pietro Labriola

Business

Dec 14, 2023

01.AI, a Chinese AI Firm, Is Looking to Fund $200 Million, According to Sources-thumnail

01.AI, a Chinese AI Firm, Is Looking to Fund $200 Million, According to Sources

According to two persons familiar with the situation, Beijing-based AI firm 01.AI is collecting up to $200 million in new cash, expanding on a $1 billion valuation attained last month

Artificial Intelligence

Dec 14, 2023

Exponent Energy Has Raised $26 Million in a Series B Investment Headed by Eight Roads Ventures-thumnail

Exponent Energy Has Raised $26 Million in a Series B Investment Headed by Eight Roads Ventures

Eight Roads Ventures Leads a $26 Million Series B Financing for Exponent Energy. Exponent Energy, an electric vehicle charging infrastructure business, reported on December 14 that it had secured $26.4

Business

Dec 14, 2023

Grok AI, Developed by Elon Musk, Is Now Accessible in India. Here’s How to Get Access to the Chatbot-thumnail

Grok AI, Developed by Elon Musk, Is Now Accessible in India. Here’s How to Get Access to the Chatbot

Elon Musk’s xAI has announced that its generative AI-based chatbot Grok AI will now be accessible in India, as well as 46 other countries such as Pakistan, Australia, Canada, New

AI

Dec 14, 2023

Corning Inc., an Apple Supplier, Would Invest ₹1,000 Crore at a Tamil Nadu Facility.-thumnail

Corning Inc., an Apple Supplier, Would Invest ₹1,000 Crore at a Tamil Nadu Facility.

For the new facility, the business will work with Optiemus Infracom, its Indian partner. Although no precise timetable has been agreed upon, the sources added that they project the building

Business

Dec 12, 2023

GQG, Founded by Rajiv Jain, Has Staked $10 Billion on India and Has More Winning Picks Than Adani-thumnail

GQG, Founded by Rajiv Jain, Has Staked $10 Billion on India and Has More Winning Picks Than Adani

 India’s investments across six of GQG’s funds increased in value to $9.9 billion from $4.4 billion a year earlier, as per data collated by Bloomberg from the most recent regulatory

Business

Dec 11, 2023

TikTok to Spend $1.5 Billion Acquiring Goto’s Indonesian Business-thumnail

TikTok to Spend $1.5 Billion Acquiring Goto’s Indonesian Business

The Chinese company ByteDance Ltd.’s TikTok has reached an agreement to spend $1.5 billion in a joint venture that it will manage with Indonesia’s GoTo Group. This move enables the

Business

Dec 11, 2023

Tata intends to invest Rs 40,000 crore in an Assamese chip facility.-thumnail

Tata intends to invest Rs 40,000 crore in an Assamese chip facility.

Tata put up a proposal for a Rs 40,000 crore chip processing facility in Assam. The chief minister of Assam affirmed the application and stated that the business requested final

Investment & Funding

Dec 9, 2023

Google’s Gemini AI-Powered Bard Chatbot Advances To Take on ChatGPT-thumnail

Google’s Gemini AI-Powered Bard Chatbot Advances To Take on ChatGPT

Google claims that its “most capable” AI model to date is Gemini, which debuted in the Bard chatbot. The field of artificial intelligence is undergoing major upheavals, especially in language

AI

Dec 8, 2023

Toshiba, Rohm to Invest $2.7 Billion to Jointly Produce Power Chips-thumnail

Toshiba, Rohm to Invest $2.7 Billion to Jointly Produce Power Chips

Toshiba and Rohm announced a 388.3 billion yen ($2.7 billion) investment to co-produce power chips on Friday, the first partnership since Rohm’s $14 billion takeover of Toshiba. The current collaboration

Business

Dec 8, 2023

Sarvam AI Obtained $41 Million in Funding Led by Lightspeed, the Largest Amount Ever Raised by an Indian AI Startup Business-thumnail

Sarvam AI Obtained $41 Million in Funding Led by Lightspeed, the Largest Amount Ever Raised by an Indian AI Startup Business

The Indian generative AI startup Sarvam AI announced on Thursday that it has raised $41 million in its Series A round, which Vinod Khosla’s Khosla Ventures and Peak XV Partners

Business

Dec 7, 2023


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