Sundar Pichai-led Google initiated the integration of Google podcast, its online podcast platform, into the online music and audio-sharing platform YouTube music application by shutting down the service of the podcast application in the United States on April 2, later closing doors worldwide. The subsidiary of Alphabet sent notifications to the Google Podcast users, where […]
Financial service company HDFC Bank decided to sell its stake completely from HDFC Education and Development Services (DSPL), based on a regulatory filing of the bank on Saturday. The bank currently owns 100% of this subsidiary. The transaction would be carried out via the Swiss challenge method, according to the filing report. The Swiss Challenge […]
Emirates NBD Capital (EmCap), the investment banking for Emirates NBD Group, on Monday, facilitated a $500 million syndicated revolving credit facility (RCF) for computer maker Lenovo Group Limited. A Syndicated Revolving Credit Facility (RCF) is a type of loan provided by a group of lenders, in this case, it includes EmCap, AL Ahli Bank of […]
Reserve Bank of India (RBI) considered establishing a Digital India Trust Agency (DIGITA) to combat cyber fraud and illegal lending apps, based on media reports from Sunday. The central financial body will verify digital lending apps and maintain a public register of verified ones. Applications without DIGITA’s signature should be considered unauthorized by law enforcement. […]
Global tech giants Microsoft and ChatGPT owner OpenAI are planning for a data centre project called Stargate, worth about $100 billion that would contain a supercomputer with millions of specialized server chips to power OpenAI’s artificial intelligence, based on a report of The Information on Friday. The financing would be done by Microsoft, which is […]
Payment app PhonePe and Mashreq collaborated on Thursday, as part of Mashreq’s with NPCI International Payments (NIPL) to improve the ease and convenience of transactions for the Indian diaspora and expand its footprint in the United Arab Emirates. The company said PhonePe App users traveling to the UAE can now utilize Mashreq’s NEOPAY terminals to […]
Software developer Adobe collaborated with tech giant Microsoft on Tuesday, to bring Adobe Experience Cloud workflows and insights with Microsoft Copilot to deliver generative AI-powered capabilities that enable marketers to increase collaboration, efficiency and creativity. The deal was signed at Adobe Summit, a digital experience conference in Las Vegas, US. The collaboration looks to bring […]
IT services and consulting company Minfy and Amazon Web Services (AWS) partnered through a strategic collaboration agreement (SCA) on Wednesday, where the SCA will support $500 million in overall business growth through international expansion over the next four years. The company said the goal of this collaboration is to expand Minfy’s utilization of cloud services […]
Division of HCLTech HCLSoftware launched its BigFix workspace and enterprise solutions on Wednesday, to revolutionize endpoint management and security automation for organizations worldwide. Enterprises are at the forefront of digital transformation in information technology. HCL BigFix AEX is a conversational AI platform that automates a diverse set of use cases across industries and business activities. […]
Global e-commerce platform Amazon, on Wednesday, invested $2.75 billion in Anthropic, marking its total investment to $4 billion for a minority ownership position in the AI company. Last September, the multinational online shopping platform initiated the partnership agreement with an initial investment of $1.25 billion, said Amazon. The collaboration aims to bring advanced generative artificial […]
Financial services company Bajaj Housing Finance has taken significant steps toward its initial public offering (IPO) on Thursday, and aims to achieve a valuation in the range of $9 billion to $10 billion, based on a report of The Moneycontrol. The company intends to collect between $900 million to a billion dollars via the IPO, […]
Investcorp, investment management firm appointed insider Abbas Rizvi as its Group Chief Financial Officer on Wednesday, replacing Jan Erik Back, who is to retire from his position, effective April 1. Rizvi has been with the Bahrain-based firm for about two decades, under several leadership roles. Most recently, he was heading financial management for about four […]
Renewable energy company Adani Green Energy commissioned a 180-megawatt (MW) solar power plant at Devikot in Jaisalmer, Rajasthan on Wednesday. The plant has a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI). The company said the solar plant would generate roughly 540 million units of electricity annually and will power […]
Global tech giant Microsoft, on Wednesday, expanded its newly launched conversational chat interface Copilot Pro subscription across the Middle Eastern region to enhance the users’ productivity and creativity. This was initiated after the company recently appointed Mustafa Suleyman as Executive Chief of its newly launched division Microsoft AI, where the new division focuses on advancing […]
Oman-based BankDhofar, on Tuesday, launched a contactless payment solution Dhofar-Pay, allowing its customers to seamlessly tap and transfer money with their Near-field communication (NFC)-enabled Android phones for convenience and security. Dhofar-Pay users will have to link their debit card details with their Android phones, transforming the device into a digital card for transactions through a […]
