AI startup Yotta seeks $4 billion valuation ahead of planned IPO
Yotta Data Services, running India’s largest Nvidia AI cluster, aims to raise $500-$600 million at a $4 billion valuation for an IPO, investing $2 billion in Nvidia hardware.
Uncategorized
VA Tech Wabag wins a ‘large’ international order from Georgia; Stock gains over 3%
The order pertains to the construction of a 19 million litres per day (MLD) Wastewater Treatment Plant (WWTP) in Geogia. The project, funded by the European Investment Bank, involves the development of a state-of-the-art wastewater and sludge treatment facility at…
Asian equities push higher from the lows as crude prices ease
Asian stocks rose Friday as US and Israeli leaders eased Iran conflict worries. MSCI Asia Pacific Index up 0.3%. Brent opened lower, US 10-year yield at 4.25%. Gold sees largest weekly loss in 6 years.
Super Micro shares tank 14% after co-founder charged for smuggling Nvidia chips to China
The indictment order states that a South East Asian company, acting as a middleman, compiled fake paperwork to appear as if it will use those servers, and then had a separate logistics firm repackage the servers to conceal them before…
Vedanta, NALCO and Hindustan Zinc shares may be under pressure today; Here’s why
According to reports, Aluminum demand has been disappointing, even as factories have entered a busy period following the Lunar New Year. Stockpiles of primary aluminum have shot up to as high as 1.3 MT, the highest since 2020.
Infosys, TCS, other IT peers could react to Accenture results; Here’s what analysts said
HSBC wrote in its note that Accenture’s second quarter results provide limited support to revive sentiments around the IT sector, as bookings growth continues to decelerate.
Gold, silver rebound after sharp selloff in last session: What’s driving the move
Gold rose 1.8% to $4,688.50 per ounce and silver gained 4.57% to $74.47 per ounce on COMEX, rebounding from a decline. Analysts warn of ongoing volatility.
Israel PM Benjamin Netanyahu’s statement triggers a cool-off in oil prices
US treasury secretary Scott Bessent said that the US is looking at easing sanctions on Iran oil to bring prices down and may also look at a unilateral release of some SPR reserves of its own, beyond the ones committed…
Dow Jones recovers but ends lower, futures rise as oil prices ease
Wall Street will also see the quarterly “triple-witching” event take place today, with notional options worth nearly $5.7 trillion tied to stocks, indices and ETFs expiring simultaneously.
Sensex Today | Stock Market LIVE Updates: Nifty aims for a rebound as oil eases but sentiments remain fragile
Sensex Today | Stock Market LIVE Updates: Nifty has declined between 1% to 2% in each of the last three Friday’s. After a ₹13 lakh crore rout, and the biggest fall in nearly two years, that is not something traders…