Sarvam, India’s full-stack sovereign AI company, has raised $234 million in the first close of its $300 million Series B at a post-money valuation of $1.5 billion, marking one of the largest funding rounds for an Indian AI startup.
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While AI is increasingly capable of automating administrative and analytical work, experts believe it remains far from replacing the people-centric responsibilities that define effective middle management.
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India’s gold imports saw a significant jump in May, reaching USD 3.41 billion. This surge was fueled by elevated gold prices and a recent increase in import duty. Conversely, silver imports experienced a sharp decline. These movements have contributed to…
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The global economy is holding strong despite the Middle East war’s impact. Commodity prices and inflation have risen, but a worldwide slowdown is not yet evident. The IMF chief noted this resilience. An agreement to reopen the Strait of Hormuz…
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“The technological advance cannot take away your employability. So you should equip yourself with trade skills. The globalising world gave us an advantage for our software, computer science or MBA education. But that era is over. It’s about trade skills.…
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Navneet Govil, the chief financial officer of SoftBank’s Vision Fund, is departing after a decade. His exit comes as the investment giant, known for its high-stakes bets on startups like WeWork, undergoes restructuring and shifts its focus towards AI. SoftBank…
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