" $50 billion. It's a big number," said Jean Eric Salata, chairman of EQT Group, according to The Economic Times. "It's a much bigger number than what I would have told you 24 months ago because of the significant capital intensity of the data center and energy businesses." Salata made...
ASML Begins Operations in India, Backing Tata’s Semiconductor Fab
ASML, the Dutch maker of the machines that print circuits onto silicon wafers, has started operations in India and plans to hire twenty to thirty young engineering graduates to begin with, according to a Press Trust of India report carried by Business Standard. The company is headquartered in Veldhoven, in...
Fuel Cycle Opens a Global Capability Center in Mumbai
Fuel Cycle, an artificial-intelligence-powered consumer insights company headquartered in Los Angeles, California, is opening a Global Capability Center in Vashi, in Navi Mumbai. The center starts with fifty employees and is expected to grow over the next three years. The company has less than 200 employees in the the USA...
L’Oréal Clears Final Hurdle to Acquire Bare Anatomy Maker Innovist
India's Competition Commission has approved L'Oréal India's acquisition of Innovist, the digital-first personal care company behind the Bare Anatomy and Chemist at Play brands, clearing the way for a deal the French beauty and cosmetics group first announced earlier this year. The commission's order approves L'Oréal India's purchase of 100%...
Uber Invests $10 Million in India Fleet Partner Carrum Mobility
Uber, headquartered in San Francisco, California, has invested $10 million in Carrum Mobility, a fleet management startup based in Gurgaon, Haryana in the Delhi National Capital Region. The Series B round values Carrum at $168 million, nearly tripling the roughly $63 million valuation the company carried after Uber's first $7...
NVIDIA Partners with India’s Payments Authority to Build Banking AI Platform
NVIDIA, headquartered in Santa Clara, California, and the National Payments Corporation of India (NPCI) have unveiled an open reinforcement learning environment designed to train artificial intelligence agents for banking. The platform, announced at the Global Fintech Fest 2026 in Mumbai, is described as the first of its kind for the...