Financial service provider Capital One Financial Corp acquired peer Discover Financial Services in an all-stock deal valued at $35.3 billion, on Monday. Under the terms of the agreement, Discover shareholders will receive 1.0192 Capital One shares, said the firm, with a premium of 26.6% based on Discover’s closing price of $110.4 on February 16. Additionally, […]
Telecom service company Vodafone Idea (Vi), on Monday, said it upgraded its network capacity across four states, Kerala, Karnataka, Punjab, and Haryana, to boost its network with enhanced speed for Vodafone Idea users. Across 14 districts in Kerala, Vi has installed the 900MHz spectrum at over 950 sites. In Punjab, it has upgraded 4G spectrum […]
Chemical manufacturer Chevron Phillips Chemical (CPChem) in collaboration with oil and gas company QatarEnergy on Monday, commenced the construction of $6 billion integrated polymers complex in Ras Laffan Industrial City in Qatar. The Texas-based firm owns 30% and QatarEnergy owns 70% of the stakes of the project, said the firm. Additionally, CPChem will provide project […]
Larsen & Toubro-owned LTIMindtree launched GenAI powered autonomous sourcing platform called Navisource.AI on Monday, which uses AI-driven pricing and negotiation engine to cut overall procurement costs by 10%-15%. The company said Navisource.AI transforms procurement by channelizing the process of request to risk management. This GenAI-powered platform will integrate with LLM (Large Language Model) and Model […]
Payments and financial services company One 97 Communications (OCL) Paytm, on Saturday, assured its customers online of proving zero disruptions in merchants’ settlements and minimal through a new partnership with Axis Bank. The company said this partnership with Axis Bank is expected to replace the nodal account, which company previously used with Paytm Payments Bank. […]
Global tech company Yango, on Sunday, launched a new branch called Yango Play an AI-powered entertainment service that combines video streaming, music, and mini-games in one place in the Middle East and North Africa (MENA) region. The new feature offers a wider range of entertainment options, featuring exclusive premieres of both Arabic and international movies […]
Moon-based information technology and services provider Lonestar Data Holdings launched lunar data center test mission, ‘Independence’ on Sunday, commencing its journey to the Moon. In collaboration with aerospace component manufacturing firm Intuitive Machines’ NOVA C lander, Independence has been launched on SpaceX’s Falcon 9 vehicle, which was scheduled at Kennedy Space Center, Florida, on February […]
American artificial intelligence company OpenAI Inc launched a new text-to-video AI model called Sora on Thursday, which can create realistic and imaginative scenes from text instructions. The company posted on X saying, Sora can create videos of up to 60 seconds featuring highly detailed scenes, complex camera motion, and multiple characters with vibrant emotions. The […]
Indian government-backed company NTPC Green Energy Limited (NGEL), on Thursday, said Narendra Modi, Prime Minister of India will dedicate 300 MW Nokhra Solar Project of Renewable Energy NTPC to the nation. The energy company said this dedication will be held through a video-conferencing call, on Friday. The project is being executed under the Central Public […]
Computer and network security firm CrowdStrike, on Thursday, said it will open its new office in Pune, India, with the objective of strengthening the company’s presence in the region. CrowdStrike said the new, 52,000-square-foot facility nearly doubles the capacity of previous facilities in Pune, by bridging cyber security leaders’ commitment in protection of organizations in […]
Computers and electronics manufacturing firm Sony Electronics launched Aibo Espresso Edition (ERS-1000B) in the United States on Thursday and is for sale in consumer market. In late January 2023, the machine dog was initially launched in Japan. The Aibo Espresso edition marks the fourth colour variant of the renowned Aibo (ERS-1000) robotic puppy companion to […]
Derivatives and securities exchange network Cboe Global Markets said subsidiary Cboe Australia listed new Exchange Traded Funds (ETFs) from iShares by BlackRock, a global asset management company on Thursday. This led the company to become the first global asset manager to list its iShares ETFs on each of Cboe’s listings exchanges in United States, Canada, […]
Tech solution provider IGT Solutions, on Tuesday, appointed Katie Stein as its new Chief Executive Officer taking over from Vipul Doshi, effective April 1. The company said Stein will join as CEO Designate, effective February 14. Most recently, she worked with CTG since July 2021 as Non-Executive Director, Member of Compensation, Audit and Governance Committees. Prior to which, […]
Intelligence company Recorded Future, on Wednesday, said its tool Recorded Future AI is emerging out of beta with an aim to expand humans and defend democracy against converging global threats. The firm launched next generation of Recorded Future AI, a tool to engage with its Intelligence Cloud through a simple conversational interface. Recorded Future AI […]
Renewable energy company Adani Green Energy Limited (AGEL), on Tuesday, said it has operationalized 551 megawatts (MW) of solar capacity, by supplying power to the national grid from its renewable energy (RE) park in Khavda, Gujarat. AGEL said it planned to develop 30 gigawatts (GW) of renewable energy capacity at RE Park, where it is […]
