State Bank of India is set to commit up to $1 billion to fund Sun Pharmaceutical Industries Ltd.’s $12 billion acquisition of Organon & Co. This move marks a significant step for government-run banks in financing corporate takeovers. SBI will…
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Vedanta Resources is preparing to refinance 5.2 billion US dollars in bonds and loans. This move aims to reduce borrowing costs following recent credit rating upgrades. The company has engaged eight major banks for this significant financial transaction. The refinancing…
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OpenAI, the creator of ChatGPT, has confidentially filed for a US IPO, reportedly targeting a valuation of up to $1 trillion. This move follows a legal victory and places OpenAI alongside rivals Anthropic and SpaceX in a surge of AI…
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The increase would mark a roughly 10% increase in its headcount that stands at about 40,000 employees. Paytm is also laying off 1% of its staff, or about 400 people, after the current performance appraisal cycle, a company spokesperson said.…
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Bitcoin climbed back above $63,000 as ETF inflows resumed and institutional buying improved sentiment after last week’s sharp correction. Despite the rebound, markets remain cautious amid weak broader trends, key resistance levels, and upcoming macro triggers, including US inflation data…
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India may be adding more trade partners, but its latest FTA report card comes with several red marks. A new study by the Global Trade Research Initiative (GTRI) warns that while free trade agreements have become a cornerstone of India’s…
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