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The merger could strengthen Musk’s push to build AI-powered data centres in space, reducing energy costs and boosting competitiveness against rivals like Google, Meta and OpenAI | Photo Credit: NEW YORK, Jan 29 (Reuters) – Elon Musk’s SpaceX and xAI are in discussions to merge ahead of a blockbuster public offering planned for later this […]
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 […]
Billionaire Gautam Adani is folding his cement empire into one single entity, in what is seen as an attempt to streamline operations and take on market leader UltraTech Cement Ltd. in India’s rapidly consolidating infrastructure space. Post Ambuja Cements merger, Adani Ambuja and Adani ACC will continue to operate as independent brands. (Reuters) The board […]
Biocon Ltd. is said to be exploring merging Biocon Biologics Ltd. with itself, even as the option of listing the biosimilars unit remains on the table. Biocon founder and chairperson Kiran Mazumdar-Shaw. (HT) The company, led by Kiran-Mazumdar Shaw, is in advanced talks with its minority shareholders for a share swap, ET reported on Thursday […]
Today marks a year since Vistara, the Tata-Singapore Airlines (SIA) joint venture, merged with Air India. Much has happened since then, including a deadly crash of an Air India flight in June that saw only one survivor. When Air India launched its ambitious Vihaan.AI transformational plan, it aimed to have a market share of 30% […]