Page 12 - Bloomberg/reuters

Zetwerk planning to file IPO papers publicly, eyes raising up to $400 mn

The Bengaluru-based company, which confidentially filed for an IPO in March, may submit updated paperwork this week and is likely to begin investor meetings this month

Standard Chartered expects India tech hub roles to grow as AI expands

The British lender employs about 22,000 at its global capability centers in India, which support the bank's operations worldwide

Russia turns to India for gasoline as Ukrainian strikes hit refineries

It's the first time Moscow has imported the motor fuel from the South Asian nation, according to Kpler data, with the lengthy journey required an indication of how dire the crunch is becoming

Tata Sons' IPO can take a page from Hong Kong titan Jardine Matheson

Last week, the Reserve Bank of India retained Tata Sons Pvt. on its updated list of systemically important shadow lenders

India's retail traders lose $9.6 billion in options despite curbs

The losses eased slightly from ₹1.1 trillion a year earlier, while the number of traders fell to fewer than 8 million from 9.8 million, according to a written reply by MoS Finance Pankaj Chaudhary

Unitree's Shanghai IPO 5,526 times subscribed by retail investors

Unitree Robotics' Shanghai IPO has attracted massive retail demand, with investors placing orders worth about $1.2 trillion for shares in the humanoid robot maker.

Spotify to ask artists to disclose whether they're humans or AI from Aug 11

Starting Aug. 11, Spotify will allow artists to identify themselves as AI-generated. The labels will begin appearing on artist profiles starting in mid-September.

Larsen & Toubro planning to manufacture rare-earth magnets in India

The conglomerate is preparing a bid for the government's ₹7,280 crore ($764 million) incentive policy for such magnets

Wipro's exit from Nifty 50 reflects waning clout of Indian IT giants

The combined weight of India's top five IT companies in the Nifty 50 has fallen below 9% this year, the lowest at least since 2002

RBI Governor Sanjay Malhotra urges lenders to accelerate AI spend

Malhotra, however, warned that wider AI use entails risks including biased or opaque decisions, along with data privacy and cybersecurity threats

Apple's glass-centric 20th-anniversary iPhone remains on track for 2027

The company expects to launch iPhone Pro models next year that will make use of a new glassy look

5 key takeaways from Mark Zuckerberg's 6,500-word manifesto on AI

Zuckerberg's letter is the latest entry in the broader genre of manifestos from AI executives laying out their visions for the emerging technology

Food company CEOs pushed White House to delay ultra-processed food policy

CEOs and trade group representatives sent letters and called the White House in a bid to delay the release of a white paper marking the first federal effort to define the controversial food category

Google's DeepMind team warns job seekers of unreliable HR filters

Google team is encouraging candidates for its open roles to fill out a special form alongside their application to eliminate the risk it may be automatically screened out by the company's AI systems

Structural issues driving money from India: Ex-RBI chief Duvvuri Subbarao

Subbarao said a move in June aimed at drawing more foreign currency by incentivizing non-resident Indians is "too costly" to justify if the main purpose is simply to bolster confidence in the rupee

US court dismisses fraud charges against billionaire Gautam Adani

US District Judge Nicholas Garaufis in Brooklyn, New York, on Monday dismissed conspiracy, securities and wire fraud charges against Adani and his nephew Sagar Adani

BlackRock signs a deal with labour unions for AI construction jobs

The announcement comes as data center projects face mounting opposition from communities concerned about the massive developments and broader societal worries

Microsoft plans to ramp up AI chip output, targets 300,000 units in 2027

Microsoft is in talks with TSMC to secure capacity for more than 300,000 next-generation Maia AI chips for delivery in 2027, as cloud giants seek alternatives to Nvidia.

Mohsen Rezaei appointed as chief of Iran's National Security Council

Iran has appointed former IRGC commander Mohsen Rezaee to lead its top security body as Tehran says talks with Oman on restoring shipping through the Strait of Hormuz are nearing a deal.

Anthropic, Macquarie and GIC form partnership to build AI data centres

The new entity, called Theseus Infrastructure, will serve as a vehicle to develop artificial intelligence computing sites "with an initial focus" in the US