India’s wealthy individuals and entities spent more than ₹7,100 crore on 51 ultra-luxury homes in 2025, making it one of the strongest years on record for the high-end residential market, according to data collated by Zapkey. The year 2025 recorded the highest-ever number of super-luxury transactions, with nine deals exceeding the ₹200 crore mark, signalling […]
India’s KFC and Pizza Hut operators Sapphire Foods India Ltd. and Devyani International Ltd. are coming together in a $934-million deal, creating a fast-food powerhouse in the world’s most populous country. Devyani International and Sapphire Foods run over 3,000 outlets across India and overseas, including KFC and Pizza Hut dine-in restaurants. (AI Image) KFC, Pizza […]
Coforge Ltd. has agreed to acquire Encora Inc., a Silicon Valley-based software engineering firm, at an enterprise valuation of $2.35 billion, betting on the surging demand for AI-driven technology services. Coforge CEO Sudhir Singh. (AI Image/Handout) The Coforge-Encora acquisition deal will be funded through a preferential allotment of equity shares valued at approx. $1.89 billion. […]
Nvidia Corp. has agreed to a licensing deal with AI chip startup Groq, furthering its investments in companies connected to the AI boom. Groq founder Jonathan Ross and other top executives will join Nvidia “to help advance and scale licensed technology”. (Bloomberg) As part of the Nvidia-Groq deal, Groq’s Chief Executive Officer Jonathan Ross and […]
High-value Bollywood real estate transactions dominated headlines in 2025, with Jeetendra Kapoor’s ₹855-crore land deal leading the pack, followed by major moves by Amitabh Bachchan, Akshay Kumar, Hrithik Roshan and others. Mumbai real estate update: High-value Bollywood real estate transactions dominated headlines in 2025, with Jeetendra Kapoor’s ₹855-crore land deal leading the pack. (Picture for […]
Oracle co-founder Larry Ellison has agreed to provide a personal guarantee of $40.4 billion of the equity financing for Paramount Skydance Inc.’s offer to acquire Warner Bros. Discovery. Oracle founder Larry Ellison. (AFP) Paramount, controlled by Ellison’s son David Ellison said the amended terms do not change the $30-per-share all-cash offer. Earlier, Netflix Inc. said […]
TikTok’s Chinese owner ByteDance Ltd. has signed binding agreements with three major investors to sell just over 80% of US assets to American and global investors to avoid a US government ban. Under the TikTok US sale terms, ByteDance will license its AI recommendation technology to a newly created US TikTok entity, which will use […]
The Indian Rupee slipped to an all-time low for the fourth consecutive session on Tuesday, as an India-US trade deal remained elusive. The rupee slipped to an all-time low of 90.82, eclipsing its previous record low of 90.7875 hit on Monday. (Reuters) The rupee slipped to an all-time low of 90.82, eclipsing its previous record […]
The Indian rupee fell to a new record low on Monday against the US dollar as uncertainty continues to surround a India-US trade deal and persistent foreign fund outflows. The rupee is heading towards its sharpest yearly fall since 2022. (AFP) The rupee fell to 90.72 against the US dollar in intraday trade, after opening […]
In one of the largest standalone land purchases in Mumbai, a subsidiary of luxury real estate developer ZYJ Builders and Developers has acquired the Dwarka Bungalow in Santacruz for ₹164 crore, according to documents accessed by data analytics firm Zapkey. Mumbai-based luxury developer ZYJ Estates LLP has bought the Dwarka Bungalow in Santacruz for ₹164 […]
