The landmark IPO of the National Stock Exchange of India is set to deliver a major boost to the country's primary market even as it threatens to significantly shrink the booming trade in unlisted shares that NSE stock alone accounted for roughly half of.
Dialflo has raised Rs 1.7 crore in its first institutional funding round, led by AJVC with participation from angel investors including Afsar Ahmad and Arpit Dave, adding to a busy week of early-stage Indian startup funding activity.
Bharti Airtel and Reliance Jio have jointly accused Vodafone Idea of unfair customer-acquisition practices and asked India's telecom regulator, TRAI, to investigate, intensifying competitive tensions within India's three-player telecom market.
Eyewear retailer Lenskart has increased its stake in the parent company of augmented-reality startup AjnaLens to 9%, deepening its bet on AR and smart-eyewear technology as the company builds toward a public listing.
PwC India and PwC US have launched a joint venture combining PwC India's consulting business with PwC US's India-based acceleration centres, creating a roughly 40,000-employee platform led by PwC India chairperson Sanjeev Krishan, pending Competition Commission approval.
Asian stocks and US equity-index futures retreated after major AI companies called for a slowdown in the technology's development, with the Nasdaq 100 falling over 1% and oil prices advancing amid persistent geopolitical tensions.
Regional payments provider PayTabs has agreed to acquire Amazon Payment Services' Middle East and North Africa business in a $100 million deal, consolidating its position within the region's rapidly expanding digital payments landscape.
California-based Piston has raised $15 million in a Series A round led by FPV Ventures, with Spark Capital and Pear VC also participating, to expand its cardless fuel payments network for US commercial vehicle fleets.
Chinese artificial intelligence company Z.ai announced plans to raise approximately $5 billion through a new share placement and convertible bond sale, its second major fundraising effort in two months, even as its shares tumbled on the announcement.
Oracle has disclosed a $664 billion cloud order backlog even as founder Larry Ellison adopted a trading plan to sell up to $7.5 billion worth of company stock, developments that have drawn intense scrutiny from investors tracking the AI infrastructure boom.