France's Schneider Electric will buy Boston-based PTC for $205 a share in cash, its largest deal ever, to build an industrial software and AI powerhouse. Investors sent Schneider shares down nearly 10%.
OneByZero, which deploys and governs AI agents inside banks, telecom operators and retailers across nine markets including India, has raised a $20 million Series A led by Jungle Ventures.
The Nasdaq Composite rose 1.05% to a record close of 27,477.31 on 5 October as Nvidia, SpaceX and megacap tech rallied, with softer jobs data easing fears of a Fed hike despite 10-year yields near 5.3%.
C.H. Robinson will buy truck brokerage RXO in a cash-and-stock deal worth about $5.8 billion, promising $300 million of cost savings by applying its AI-driven operating model to a larger network.
Copenhagen-based Pandektes, used by more than 500 law firms and institutions in Denmark, Germany and Switzerland, has raised a €13.5 million Series A led by Alstin Capital after sixfold revenue growth.
Ola Electric's founder has pledged 20 crore shares to finance his share of a ₹1,000 crore rights issue, as the EV maker's market share slides to about 6.5% and rivals TVS and Bajaj pull further ahead.
AceVector lists on 5 October after a ₹420 crore IPO subscribed 4.93 times. SoftBank-backed Starfish sold shares worth ₹88.3 crore at about 0.08 times its investment.
Startups with Indian operations drew $418 million across 22 deals in the week to 2 October, led by SiMa.ai's $150 million Series C and Simple Energy's ₹1,750 crore round.
Indian startups raised $233.6 million across 16 deals between 28 September and 2 October, with electric two-wheeler maker Simple Energy accounting for about $180 million of the total.
Reliance's digital arm is reported to be preparing an all-fresh-issue IPO of about $3.8 billion, opening around 21 October at an enterprise valuation of $143 billion to $146 billion.