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Sebi increases scrutiny of IPO documents over use of funds: Report

As per Sebi rules, funds raised via IPOs can be used for capital expenditure, debt reduction, general corporate purposes and acquisitions

AI frenzy puts Nvidia briefly ahead of Amazon in market value: Report

The last time Nvidia was more valuable than Amazon was in 2002, when they were each worth under $6 billion

Unilever CEO Schumacher says board member Peltz backs strategic changes

When Unilever reported fourth quarter earnings last week, some investors and analysts said it was still not regaining lost market share quickly enough

Countries must build sovereign AI infrastructure, says Nvidia CEO Huang

He said that fears about the dangers of AI are overblown, noting that other new technologies and industries such as cars and aviation have been successfully regulated

Global economy to see soft landing, rate cuts coming, says IMF's Georgieva

She cautioned to expect the unexpected in the wake of the COVID-19 pandemic and said a prolonged war between Israel and Hamas would impact global economies

India bond yields fall as focus shifts to key inflation numbers: Report

Last week, the RBI kept policy rates and stance unchanged, while reiterating its commitment to meet the medium-term 4% inflation target

Novo Nordisk's major shareholder plans to invest about $35 bn by 2030

For Novo Holdings, which invests in life science companies and had assets of 108 billion euros ($115.86 billion) at end-2022, its recent investment in India was its largest in Asia to date

Global carbon markets value hits record $949 bn in 2023, shows data

The world's most valuable carbon market, the EU's ETS, was worth around 770 billion euros last year, up 2% from the previous year and representing 87% of the global total

SWRE places orders with Nextracker for solar trackers for Gujarat projects

SWRE is implementing solar projects at NTPC Renewable Energy Ltd's (NTPCREL) solar park in Khavda, Rann of Kutch, a company statement said

Samvardhana Q3 results: Profit rises 19.4% to Rs 542 cr, misses estimates

The net profit number included a negative hyperinflationary impact of Rs 191 crore for the Argentina business, the company said in a presentation

HAL Q3 results: Profit rises 9% to Rs 1,261 cr on high aircraft demand

The company's total expenses fell more than 2% to Rs 4,838 crore, as it gained from Rs 111 crore worth inventory-related changes

Sebi ups scrutiny of issue documents amid a rise in IPO in market: Reports

"The regulator has returned at least six public offer documents, as Sebi observed companies are misleading in their reasons for fundraise," said the first of the four people cited above

Google pledges 25 million euros to empower Europeans with AI skills

The firm will also run a series of growth academies to support companies using AI to scale their companies and has expanded its free online AI training courses to 18 languages

Ukraine's air defence system destroys 14 of 17 Russia-launched drones

He said that according to preliminary information, there were no casualties, but the facades of some non-residential buildings were damaged

Paytm confirms resignation of Payments Bank director Manju Agarwal

Manju Agarwal resigned from the board of Paytm Payments Bank on Feb 1 due to personal commitments, the company said in an exchange filing

Biden calls on snack cos to stop 'shrinkflation', calls practice a rip-off

"Give me a break. The American public is tired of being played for suckers. I'm calling on companies to put a stop to this. Let's make sure businesses do the right thing now," he said.

Jeff Bezos sells roughly 12 million shares of Amazon worth $2 billion

The sale plan, which is subject to certain conditions, was adopted on Nov. 8, 2023, and would be completed by Jan. 31, 2025, according to the company's latest annual report

Russian forces using Musk's Starlink internet in occupied areas: Ukraine

Starlink said on Feb. 8 that its terminals were not active in Russia and that SpaceX had never sold or marketed the service in Russia, nor shipped equipment to locations in Russia

Confident on global economic outlook despite uncertainties: IMF's Georgieva

'While uncertainties are still high, we can be a bit more confident about the economic outlook, because the global economy has been surprisingly resilient,' she said in the speech

Israel's Tower Semiconductor proposes $8 bn chip plant in India: Report

Tower, seeking government incentives for its plan, is looking to manufacture 65 nanometre and 40 nanometre chips in India, the report said