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TVS Motor Company on Thursday said it has entered into agreements to divest its stake in bike-taxi aggregator Rapido for Rs 287.93 crore, marking a monetisation of its earlier investment in the Bengaluru-based mobility platform, PTI reported.In an exchange filing, the two- and three-wheeler maker said it has signed agreements with Accel India VIII (Mauritius)…
The US has entered into a $1 billion partnership with chipmaker Advanced Micro Devices (AMD) to construct two powerful supercomputers designed to tackle major scientific challenges ranging from nuclear fusion and cancer treatments to national security threats. Energy Secretary Chris Wright and AMD CEO Lisa Su announced the collaboration, news agency Reuters reported, describing the…
File photo: Malaysian PM Anwar Ibrahim and PM Modi Malaysian Prime Minister Anwar Ibrahim on Sunday said that Asean’s partnership with India continues to be a “force for stability and mutual prosperity”, as both sides push to finalise the Asean–India Trade in Goods Agreement (AITIGA) by the end of this year.Speaking at the India–Asean annual…
Reliance Industries Limited (RIL) has announced that its subsidiary, Reliance Intelligence Limited, will form a joint venture company with Facebook Overseas, a wholly owned arm of Meta Platforms. The new entity is named Reliance Enterprise Intelligence Limited (REIL). According to a company statement, REIL will focus on “developing, marketing and distributing enterprise AI services”. Through…
File photo: Union commerce and industry minister Piyush Goyal (Picture credit: ANI) Union commerce and industry minister Piyush Goyal will embark on an official visit to Berlin, Germany, from Thursday, marking a milestone in India-Germany engagement, as 2025 commemorates the 25th anniversary of the India–Germany Strategic Partnership. The visit aims to deepen bilateral economic ties…
Chip giant Broadcom recently laid off employees in customer-facing roles, including sales and account management. This follows a significant strategic partnership with OpenAI to develop custom AI accelerators, signaling a focus on its high-margin chip design business amidst broader restructuring after the VMware acquisition. Chip giant Broadcom laid off employees this week in sales, customer…
India and Brazil on Thursday agreed to broaden the scope of the existing preferential trade agreement (PTA) between New Delhi and the Mercosur bloc, aiming to strengthen economic ties and boost bilateral trade. Mercosur, a South American trading bloc, comprises Brazil, Argentina, Uruguay, and Paraguay.The discussions took place during a meeting between visiting Brazilian Vice…
Speculation is mounting that the Edmonton Oilers could pursue Los Angeles Kings forward Adrian Kempe next season. With Connor McDavid reportedly taking a team-friendly deal, cap flexibility may allow the Oilers to acquire a high-profile winger. Kempe’s uncertain contract status with the Kings fuels these rumors, as he could be a perfect fit alongside McDavid….
Qatar will build an Air Force facility at US’ Mountain Home Air Force Base in Idaho, defense secretary Pete Hegseth announced on Friday.Hegseth made the announcement at the Pentagon alongside Qatari Defense Minister Sheikh Saoud bin Abdulrahman Al Thani, noting that the agreement will allow Qatari pilots to train alongside US personnel.Hegseth said he is…
Prime Minister Narendra Modi with his British counterpart Keir Starmer during a meeting at Chequers Estate, in UK. (Pic credit: AP) NEW DELHI: UK Prime Minister Keir Starmer will visit India on October 8-9 at Prime Minister Narendra Modi’s invitation, ministry of external affairs said on Saturday. This will be Prime Minister Starmer’s first official…
