Meta has acquired Assured Robot Intelligence, a startup developing artificial intelligence models for robots, as part of a major initiative to build humanoid technology. The social networking giant closed the...
Economic Times
Nebius to buy Eigen AI for $643 million to boost inference and US expansion
Amsterdam-based AI infrastructure firm Nebius said on Friday it had agreed to acquire inference and optimization startup Eigen AI in a deal valued at about $643 million, strengthening its push into production-grade...
Rajasthan Royals sold for $1.65B to Mittal-Poonawalla consortium
A consortium led by steel magnate Lakshmi N Mittal’s family and including Serum Institute of India CEO Adar Poonawalla has signed a definitive agreement to acquire Indian Premier League (IPL) team Rajasthan Royals...
Federal Bank to acquire 4.5 lakh Standard Chartered card portfolio
Federal Bank will acquire a select India credit card portfolio from Standard Chartered Bank of about 450,000 cards, the bank said in a statement. Both banks will sign an agreement for the deal, the bank said in a...
Times Music acquires Catrack Entertainment, doubles down on Punjabi catalogue strategy
Times Music, owned by The Times Group, has acquired Catrack Entertainment, marking its third catalogue buy and deepening its bet on regional music IP through its partnership with Primary Wave Music. The acquisition...
OnePlus merged with Realme? Here’s the latest on what’s happening with Oppo sub-brands
Has OnePlus merged with Realme? Fresh reports have added a new twist to the ongoing uncertainty around OnePlus, suggesting the smartphone brand may now be merging its operations with Realme. The development, if...
Finnish lift maker Kone to acquire German rival TK Elevator in $34-billion deal
Finland’s Kone has agreed to acquire Germany’s TK Elevator (TKE) in a deal valued at 29.4 billion euros ($34.4 billion), creating the world’s largest lift maker. The takeover would propel Kone ahead of...
Inorbit malls to acquire Prozone Group malls in Chhatrapati Sambhaji Nagar, Coimbatore
Inorbit malls, a subsidiary of K Raheja Corp, has agreed to acquire two malls of the Prozone group in Chhatrapati Sambhaji Nagar (Aurangabad) and Coimbatore for around Rs 1,300 crore. The acquisition will add close to 1...
Cognizant to buy Astreya for about $600 million
Cognizant Technology has agreed to buy Astreya, an IT services and technology provider focused on AI infrastructure and data center services, in a deal valued at around $600 million, the company told Reuters. The deal...
Palo Alto Networks to acquire AI infra firm Portkey; valuation may double to $140 million
US-based cybersecurity company Palo Alto Networks plans to acquire AI infrastructure startup Portkey, as it looks to expand its capabilities in protecting AI agents that are increasingly being adopted by enterprises...
Coforge closes acquisition of Cigniti after NCLT clearance
Mid-tier IT services company Coforge on Friday said it has completed the acquisition of Hyderabad-based Cigniti Technologies, following shareholder approval and final clearance from the National Company Law Tribunal...
Tech Mahindra to buy 85% in Canada’s Avant Techno Solutions
Tech Mahindra on Thursday said it is purchasing a 85% stake in Canada-based wealth management firm Avant Techno Solutions (Alluri Technologies Inc), in a cash deal valued at CAD 28 million, or about Rs 195 crore. This...
