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India’s foreign exchange reserves surged $4.885 billion to an all-time high of $728.494 billion during the week ended February 27, according to data released by the Reserve Bank of India (RBI) on Friday.In the previous reporting week, the country’s reserves had declined by $2.119 billion to $723.608 billion, PTI reported. The earlier record high stood…
Walmart-backed fintech major PhonePe is targeting a valuation of $9 billion to $10.5 billion (about Rs 75,000 crore–Rs 87,000 crore) for its upcoming India IPO, with plans to raise around $1.05 billion through an equity sale, sources aware of the development told news agency PTI.The expected valuation is lower than the company’s last funding round…
China’s great green wall: How 66 billion trees turned a ‘dead’ desert into a carbon sink (AI-generated) Across northwestern China, a desert long described as empty is showing measurable ecological change. New research examining the Taklamakan Desert finds rising vegetation cover and seasonal carbon uptake linked to decades of state-backed planting efforts. The findings suggest…
Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman Less than six months after announcing a $100 billion commitment to OpenAI, Nvidia seems to have walked back that pledge. OpenAI has announce a new $110 billion funding round that values the company at $840 billion or $730 billion on a pre-money basis. The round includes…
OpenAI has secured a massive $110 billion funding round, valuing the ChatGPT maker at $730 billion, as the artificial intelligence company accelerates investments to meet rapidly expanding global demand for AI services.The investment — among the largest fundraising rounds in Silicon Valley history – includes $30 billion each from Japanese conglomerate SoftBank and chipmaker Nvidia,…
India’s foreign exchange reserves declined by $2.119 billion to $723.608 billion for the week ended February 20, according to data released by the Reserve Bank of India (RBI) on Friday, PTI reported.In the previous reporting week, the country’s overall reserves had risen sharply by $8.663 billion to touch a record high of $725.727 billion.During the…
ChatGPT-maker OpenAI is now telling investors that it expects to spend around $600 million on compute infrastructure by 2030. This new spending target is a sharp reduction from the $1.4 trillion figure which OpenAI CEO Sam Altman touted last year. According to a report by CNBC, the company is now offering a more defined timeline…
In February 2026, the company secured $30 billion in its latest funding round, pushing the valuation of the Claude chatbot developer to $380 billion. (AI image) Anthropic – it’s a name that has taken the technology world by storm globally – and its impact on Indian IT stocks has been significant. Anthropic – now valued…
India and Brazil on Saturday agreed to scale up bilateral trade to $30 billion annually by 2030 and signed a key cooperation pact on critical minerals, with Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva pledging to deepen strategic ties amid a shifting global economic landscape.The two leaders also discussed the…
India’s pharmaceutical exports rose 9.4 per cent in 2024–25 to $30.47 billion, with the industry targeting double-digit growth in 2026–27 amid efforts to expand global market access, the commerce ministry said on Saturday, PTI reported. Issues related to pharmaceutical exports were discussed during a Chintan Shivir held in Ahmedabad between government officials and industry representatives,…
