US office-sharing company WeWork Inc. is set to exit the Indian operations by selling its entire 27% stake in the local unit through a secondary transaction, said multiple people in the know.The estimated Rs 1,200 crore deal will also see Bengaluru-based property developer Embassy group pare its holding from 73% to 60%, said the people cited above.The combined stakes of WeWork Inc. and Embassy group totalling 40% in the Indian unit will be acquired by new investors comprising the Enam group...
The new Coca-Cola $1.1 billion deal looks to incorporate Microsoft's AI in potentially improving its beverage-making services.
The North American revenue of the combined company would total $5.80
The Birmingham-based sports apparel and equipment retailer’s outstanding shares sold to JD Sports for $87.50 per share in cash.
Microsoft has announced a new five-year deal with The Coca-Cola Company, which plans to spend a total of $1.1 billion during that time to access Microsoft's cloud and generative AI services.
The Coca-Cola Company and Microsoft Corp. announced a new five-year partnership that looks to fasten Coca-Cola’s digital transformation. The partenrship is to make company to adopt technologies and improve innovation across its operations globally. As part of the agreement, Coca-Cola has committed $1.1 billion to leverage Microsoft’s cloud platform, Microsoft Azure, with a specific focus on generative AI capabilities offered through […]
Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) shares dropped 1.6% during trading on Wednesday . The stock traded as low as $160.62 and last traded at $160.85. Approximately 15,524,256 shares traded hands during trading, a decline of 79% from the average daily volume of 74,127,133 shares. The stock had previously closed at $163.46. […]
Semiconductors form the backbone of modern electronics, powering everything from smartphones and computers to advanced medical devices and innovative military technology. The United States has long been a leader in semiconductor manufacturing, but in recent years, the industry has faced increasing competition from overseas manufacturers. Recognizing the strategic importance of maintaining a strong domestic semiconductor […]
Bengaluru-based Swiggy has received a go-ahead from its shareholders for its initial public offering (IPO), as per regulatory filings. The food and grocery delivery company plans to raise up to Rs 3,750 crore ($450 million) in fresh capital, in addition to an offer-for-sale (OFS) component of up to Rs 6,664 crore ($800 million), according to filings made with the Registrar of Companies.Swiggy, which is yet to file its IPO documents with the country’s capital markets regulator Securities and...
Lockheed CFO Jay Malave said the company currently expects the program to become profitable on an annual basis around the 2028 timeframe.
Meta Platforms, Inc. (NASDAQ:META - Get Free Report) shares traded down
The U.K.’s biggest sportswear retailer JD Sports is to buy Alabama-based athletic fashion retailer Hibbett Inc. for about $1.08 billion, the companies said.