Kunal Shah Named WhatsApp Global Head as Meta Invests $900 Million in CRED
CRED founder Kunal Shah has been appointed as the global head of WhatsApp, replacing Will Cathcart, as part of a blockbuster deal that
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Companies
Canada Pension Fund Commits ₹7,000 Crore to CtrlS: India’s Data Centre Boom Accelerates
The Canada Pension Plan Investment Board (CPP Investments) has announced a strategic partnership with CtrlS Datacenters Ltd., committing up to ₹7,000 crore (C$1
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Vedanta Demerger: Four New Entities Set for Historic Market Debut on June 15 — What Investors Need to Know
In one of the most significant corporate restructuring events in Indian market history, four newly demerged entities of the Vedanta Group are set
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TCS Launches India’s First Oracle AI Data Platform Lab in Kolkata — Partners With Anthropic for Enterprise AI Push
Tata Consultancy Services (TCS), India’s largest IT services company, made a double-barrelled announcement on June 12 that underscores its aggressive push into enterprise
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Ixigo Acquires 55 Percent Stake in Hotel Booking Platform Brevistay for Rs 66 Crore to Expand Accommodation Business
Gurugram-based online travel platform Ixigo has acquired a 54.66% stake in Noida-based hotel booking brand Brevistay for Rs 65.69 crore (approximately Rs 66
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Ola Electric Raises Rs 780 Crore Through Oversubscribed QIP as Goldman Sachs and Top Mutual Funds Back EV Maker’s Turnaround
Bengaluru-based Ola Electric Mobility has raised Rs 780 crore through a qualified institutional placement, exceeding its Rs 500 crore target, with Goldman Sachs and major Indian mutual funds participating in the oversubscribed issue.
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SEBI Alleges Rs 15.15 Lakh Crore Revenue Misrepresentation by Rajesh Exports and Bars Chairman from Securities Market
Market regulator SEBI has issued an interim order against Rajesh Exports alleging large-scale financial misrepresentation of approximately $158 billion through overseas subsidiaries, triggering a 5% lower circuit hit in shares.
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SoftBank Overtakes Toyota to Become Japan’s Most Valuable Company as AI Bet Pays Off Under Masayoshi Son’s Vision Fund Strategy
SoftBank Group surpasses Toyota Motor to become Japan’s most valuable listed company. The achievement caps a remarkable turnaround driven by AI investments and ARM’s soaring valuation.
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Indian Startup IPO Wave 2026 — Zepto Flipkart OYO and 24 Others Line Up for Record Rs 47000 Crore Year
Indian startups could raise over Rs 47,000 crore in IPOs in 2026. Zepto targets July listing, Flipkart defers to 2028, while 24 companies have filed DRHPs with SEBI.
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The AI Cost Reckoning Has Arrived — Microsoft Cancels Claude Code Licenses as Uber Burns Entire Annual AI Budget in Just Four Months
Microsoft is cancelling most internal Claude Code licences by June 30, migrating to GitHub Copilot CLI. Uber exhausted its annual AI budget in four months after 92% of engineers adopted AI coding tools. Sam Altman and Dario Amodei now admit their job-loss predictions were wrong.
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