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Reuters

Google to invest $350 mn in Flipkart at $37 bn valuation

TMT

24 May, 2024

Google to invest $350 mn in Flipkart at $37 bn valuation

Alphabet's Google will pick up a minority stake worth $350 million in Walmart-backed Flipkart, valuing the Indian e-commerce firm at ......

Rupee bucks trend against declining Asian currencies, rises to 2-month high

Finance

24 May, 2024

Rupee bucks trend against declining Asian currencies, rises to 2-month high

The Indian rupee rose to a two-month peak on Friday, boosted by likely strong dollar inflows into domestic equities even as most ......

Sensex, Nifty end flat for the day but post best weekly gain since Feb

Finance

24 May, 2024

Sensex, Nifty end flat for the day but post best weekly gain since Feb

Indian benchmarks ended flat on Friday, but logged their best week since early February, driven by gains in financials and ......

Microsoft's UAE deal could transfer key US chips and AI technology abroad

TMT

24 May, 2024

Microsoft's UAE deal could transfer key US chips and AI technology abroad

Microsoft President Brad Smith said the tech company's high profile deal with the United Arab Emirates-backed AI firm G42 could ......

Geopolitical risks top concern for global family offices: UBS survey

Finance

22 May, 2024

Geopolitical risks top concern for global family offices: UBS survey

A major geopolitical conflict is the top risk for global family offices in both the near- and medium-term, while North ......

Paytm slides deeper into losses after RBI order, warns of more downside

Finance

22 May, 2024

Paytm slides deeper into losses after RBI order, warns of more downside

Paytm posted a wider loss in the fourth quarter on Wednesday and warned of further financial impact in the current ......

First Abu Dhabi Bank in advanced talks to buy Turkish lender for $8 bn

Finance

22 May, 2024

First Abu Dhabi Bank in advanced talks to buy Turkish lender for $8 bn

First Abu Dhabi Bank (FAB) is in advanced talks to acquire Turkish conglomerate Koc Group's 61.2% stake in Istanbul-based lender ......

Sensex, Nifty end flat after recovering from lows; metals provide support

Finance

21 May, 2024

Sensex, Nifty end flat after recovering from lows; metals provide support

Indian shares recovered to close flat on Tuesday, with gains in metal stocks offsetting declines in other sectors following top ......

IBM inks deal with Saudi to train AI system in Arabic, to unveil new models

TMT

21 May, 2024

IBM inks deal with Saudi to train AI system in Arabic, to unveil new models

International Business Machines on Tuesday said that it will release a family of artificial intelligence models as open-source software, and ......

Saudi's SMASCO sets issue price for $240 mn IPO

Finance

20 May, 2024

Saudi's SMASCO sets issue price for $240 mn IPO

Saudi Arabian staffing company SMASCO announced its final IPO price at 7.50 riyals per share via the Saudi Exchange on ......