Tech Mahindra’s profit after tax (PAT) rose 23.2% year on year to $166 million in the second quarter of FY27. The company won $1.023 billion in new deals in the quarter, up 25.4% from a year earlier. Deal wins over the past 12 months rose 34.8% from the same period a year before. On the earnings call, CEO and Managing Director Mohit Joshi said...
The GST Council has approved a wide set of process reforms to make compliance easier. Union Finance Minister Nirmala Sitharaman announced them after the Council’s 57th meeting. An Indian Express editorial says the changes will help India sustain its growth as global pressures build.
The Second Part of Next-Gen GST
The Council is the apex body for GST decisions. It includes both the Union and state...
DeepSeek is close to securing at least 80 billion yuan, or about $12 billion, in its latest funding round, Bloomberg reported, citing people familiar with the matter. The raise would exceed the Chinese AI company's earlier funding target and comes ahead of a possible initial public offering in early 2027.
Who Is Backing the Round
Battery maker Contemporary Amperex Technology (CATL) and Tencent Holdings are among...
Bank of Japan Deputy Governor Shinichi Uchida said the global AI boom may have eased financial conditions by boosting demand and pushing up asset prices, but warned that markets could face a sharp pullback if expected profits fail to materialise, Reuters reported, citing the text of a speech published on the central bank's website Monday.
A Positive Shock, With a Catch
It is a big positive...
France's Schneider Electric struck the biggest deal in its history, agreeing to buy US software company PTC in an all-cash deal valuing PTC's equity at around $22.6 billion, Reuters reported, citing a company statement.
The Terms of the Deal
The $205-per-share offer implies an enterprise value of $23.7 billion for Boston-based PTC, and represents a 42.3% premium over its last closing price.
Schneider's shares fell 4.7% on...
Anthropic reported a net loss of nearly $42 billion in 2025. The figure comes from the company's IPO prospectus, seen by Reuters.
Why the Loss Looks So Big
Most of that loss isn't cash Anthropic actually spent. About $34 billion of it came from an accounting charge. This charge reflects the rising estimated value of financing instruments that could later convert into Anthropic shares. It's a...
Global debt climbed by $10 trillion in the first half of this year, pushing the total past $365 trillion, according to research published by the Institute of International Finance. Economists are warning that the world's biggest economies are now trapped in what the IIF calls a "vicious cycle" of borrowing, rising costs, and political inaction.
Why Borrowing Is Getting More Expensive
State debts are climbing just...
Cybersecurity startup Island recently announced that it raised $400 million in a new funding round, pushing its valuation to $6.4 billion - more than 30% above the $4.8 billion valuation it secured in a 2025 funding round. The jump marks one of the largest cybersecurity valuations of the year, and reflects just how urgently enterprises are now prioritizing security spending as AI adoption accelerates.
A...
As global attention on AI safety intensifies following the Trump-Xi summit, healthcare remains one of the sectors where artificial intelligence carries the highest stakes not powering ad algorithms, but shaping how doctors read scans, triage patients, and discover new drugs. Here are three companies building AI directly into medical care.
Butterfly Network (BFLY)
Butterfly Network is working to turn the handheld ultrasound probe into a pocket-sized...
At the 7th IITMAA Sangam, the annual conference of the IIT Madras Alumni Association, held in Bengaluru, Finance Minister Nirmala Sitharaman said the government will work to facilitate patient capital for deep-tech hardware startups, alongside a broader argument that India's growth story is stronger than critics suggest.
Pushing Back on the Pessimists
In a conversation with Prof. Rajeev Srinivasan, Sitharaman dismissed claims that India's growth will...
Singapore-based Hillhouse Investments has launched TeraNova DC, a dedicated data-centre platform that plans to invest $12 billion to $15 billion in India by 2032. With a target of more than 2 gigawatts (GW) of capacity, the platform is set to become one of the largest announced data-centre programmes in the country.
TeraNova DC will focus on hyperscale and AI-ready infrastructure. Its proposed locations are Maharashtra,...
