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Facebook-parent Meta recently announced acquisition of Chinese-founded Artificial Intelligence (AI) startup Manus. Mark Zuckerberg-owned company did not disclose financial terms of the transaction, but a source with direct knowledge of the matter said that the deal values the Singapore-based company between $2 billion and $3 billion. Manus is backed by its parent Beijing-based Butterfly Effect…
Facebook-parent Meta has announced the acquisition of artificial intelligence startup Manus which has Chinese roots. As reported by Financial Times, Meta has made its third largest acquisition deal after WhatsApp and ScaleAI. This move of the company underscores CEO Mark Zuckerberg’s aggressive push into advanced AI as the company is racing to compete against Google…
Sunil Mittal (File photo-ANI) New Delhi: Bharti Enterprises and Warburg Pincus on Wednesday announced a strategic investment in Haier India, a subsidiary of Chinese consumer electronics maker Haier Group, picking up a collective 49% stake in the company. This is the second Chinese company to have sold a significant stake in its Indian operations after…
The Reserve Bank of India on Tuesday announced a fresh liquidity infusion, unveiling plans to purchase government securities worth Rs 2 lakh crore and conduct a $10 billion dollar-rupee swap auction to ease conditions in the banking system.The central bank said the open market operations (OMO) purchases and the USD/INR buy-sell swap auctions will be…
A couple’s decision to prioritize buying a home before their wedding sparked a debate on modern Indian marriage priorities. While some lauded their financial prudence and focus on stability, others questioned the simplicity of their ceremony, highlighting the evolving views on tradition versus partnership. Most marriage conversations in India begin with dates, venues, guest lists,…
Prashant Veer Singh and Cameron Green (Image credit: Agencies) NEW DELHI: Franchises opened their purses freely at the IPL 2026 auction in Abu Dhabi, splashing big money to secure their preferred targets. Kolkata Knight Riders stole the spotlight by spending a record Rs 25.20 crore to sign Australian all-rounder Cameron Green, while also shelling out…
MUMBAI: Tata Communications (Tata Com) has acquired 51% of US-based AI solutions provider Commotion for Rs 227 crore (about $26 million) as the broader Tata Group doubles down on AI-enabled businesses.Last month, TCS announced an investment of Rs 9,180 crore to develop AI data centres. Commotion, a three-year-old startup, also has a subsidiary in India.Acquiring…
In a remarkable turn of events, Harshvardhan Rane has settled into two charming new residences on the serene Madh Island in Mumbai, a major benchmark after a decade of dedication in the city. This milestone comes on the heels of his recent cinematic triumphs, including the celebrated re-release of ‘Sanam Teri Kasam’ and the fan-favorite…
Deepti Sharma, Alyssa Healy. (File photo) NEW DELHI: The WPL mega auction started in Delhi on Thursday, with all five teams working to assemble their squads for the 2026 season.The auction began with the marquee players. The first surprise came when Australia captain Alyssa Healy went unsold, while the other seven marquee players were picked.Deepti…
File photo: US President Donald Trump and Chinese President Xi Jinping (Picture credit: PTI) China has purchased at least 10 cargoes of US soybeans, worth around $300 million, in contracts signed since Tuesday, sources quoted by news agency Reuters claimed. The deals come a day after US President Donald Trump spoke with his Chinese counterpart…
