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Russia is envisioning a new railway corridor that would stretch toward the Indian Ocean and India. This strategic move is designed to lessen reliance on precarious maritime routes. By connecting Russia, Central Asia, Iran, and the Indian subcontinent, this initiative complements the ongoing International North-South Transport Corridor project, paving the way for an unprecedented rail…
Snowflake EVP Christian Kleinerman sells $9.75m in shares at $325
Velocity financial executive VP Taylor sells $82,529 in shares
Tata Sons chairman N Chandrasekaran is considering stepping down due to board uncertainty. His continuation hinges on reappointment at the upcoming annual general meeting. The Sir Ratan Tata Trust’s suspended status creates voting complications for the meeting. Some trustees have sought permission to attend and vote on the matter. This situation could lead to an…
Silence Therapeutics prices $175M public offering at $13.50 per ADS
Accel announced its ninth India fund on Wednesday, with $550 million in commitments, as part of a $3.5-billion global fundraise. The firm has identified AI, consumer internet, financial technology, advanced manufacturing and deeptech as focus areas for the vehicle.
Google’s artificial intelligence assistant Gemini has surpassed one billion monthly users, CEO Sundar Pichai announced Tuesday, a week after a major reorganization of the tech giant’s AI division. OpenAI reached one billion users across all its interfaces, led by ChatGPT, the lab announced in July without specifying whether that figure was monthly or weekly users.
The Indian stock market is set for a flat opening on 12 August, following mixed global cues. Oil prices rose amidst US-Iran negotiations, impacting investor sentiment. The Nifty 50 declined to 24,471.70, while experts caution a cautious approach towards the market ahead of US inflation data.
VinSpace will launch its satellites on a SpaceX Transporter rideshare mission run by Elon Musk’s company, which carries satellites from multiple customers on a single rocket to share launch costs, it said in a statement.
Yen traders are ramping up options market activity ahead of key US inflation data, turning to derivatives for flexibility amid a lack of consensus on the currency’s direction.