Business News

Business

KKR to Offload 10% Stake in JB Chemicals for Rs 2.6k Crore: A Strategic Move?

KKR, through Tau Investment Holdings, is selling a 10.2% stake in JB Chemicals for Rs 2,575 crore via block deals, at a 5% discount to the market price. This move could mark a sign...

Business

Indian IT Sector Braces for Impact Amid Rising US Economic Slowdown Fears

Ashok Soota, chairman of Happiest Minds, discusses the potential impact of a US economic slowdown on the Indian IT sector, while expressing confidence in his company's growth due t...

Business

Global Uncertainties and Trade Policies: Navigating the Risks to Next Year's Economic Growth

Geopolitical tensions and trade policy uncertainties are posing significant risks to global economic growth next year, with India's economy expected to grow by 6.5% in 2024-25 amid...

Business

Kotak Mahindra Bank CEO Reveals: RBI Rate Cuts Yet to Impact FD Rates, What's Next?

Kotak Mahindra Bank's CEO Ashok Vaswani discusses the unchanged FD rates post-RBI cuts, the challenges in deposit growth, and strategies for customer satisfaction and bank expansio...

Business

RBI Governor Advocates for Precision in Anti-Money Laundering Laws to Protect Honest Citizens

RBI Governor Sanjay Malhotra advocates for precise anti-money laundering laws to protect honest citizens, highlighting the importance of the CKYCR and the private sector's role in ...

Business

OpenAI's Revenue Set to Skyrocket: Projected to Triple to $12.7 Billion in 2025

OpenAI forecasts a dramatic revenue increase to $12.7 billion in 2025, up from $3.7 billion in 2024, highlighting its rapid growth and the expanding AI market.

Business

Exclusive: US Attorney Investigates Alleged Delay in Pfizer's COVID-19 Vaccine Success Announcement

The US Attorney's office is investigating claims that Pfizer delayed announcing its COVID-19 vaccine success until after the 2020 election. Former employee Phil Dormitzer's alleged...

Business

Nvidia Nears Historic Acquisition of Lepton AI to Revolutionize Cloud and AI Model Deployment

Nvidia is close to acquiring Lepton AI, an AI-managed cloud tool, to boost its cloud and software business. Lepton AI has served game and scientific research startups, with founder...