Intel Receives $5.7 Billion Early; Retains Flexibility

Intel amended the CHIPS Act funding deal with the U.S. Department of Commerce to receive $5.7 billion in cash sooner, giving them more flexibility. The deal includes retaining some guardrails to prevent certain fund uses.

US Government Eyeing Lockheed Martin for Stakes

US government considers acquiring stakes in Lockheed Martin after Intel deal, leading to discussions on defence sector investments and repercussions in the financial market.

Sharps Technology Adopts Solana's Digital Asset Treasury Strategy

Sharps Technology secures funding through a private placement offering to establish a digital asset treasury strategy with SOL, the native digital asset of Solana blockchain.

Antler VC Leads Pre-Seed Round for Domain-Aligned AI Startup Nugen

Nugen, a Mumbai and San Francisco AI research startup, secures funding to advance Domain-Aligned AI technology for reliable AI deployment in business environments.

AI Crisis India: Weak Infrastructure and Funding Undermine AI Ambitions

Microsoft India President emphasizes the importance of hands-on AI fluency for the youth, highlighting the cognitive benefits and new career avenues emerging with AI technology.

Infosys Reports Strong Q1 Performance

Infosys beats estimates with 8.7% rise in net profit and 7.5% revenue increase in Q1FY26. CEO raises revenue guidance amidst large deal wins and AI focus.

Amazon to Acquire AI Bracelet Startup Bee

Amazon confirms deal to purchase Bee, a San Francisco-based startup known for its AI-enabled bracelet for transcribing conversations. The $50 wristband can analyze and summarize audio recordings.

IIT Madras Blockchain Startup Plenome Raises ₹6.5 Crore

IIT Madras-incubated Plenome Technologies secures seed funding for developing secure, scalable solutions in healthcare, organ donation, and remote voting.

Blackstone Exits TikTok Deal Amid Uncertainty

Private equity giant Blackstone has withdrawn from a consortium seeking to invest in TikTok’s U.S. operations as uncertainty and delays cloud the deal at the heart of U.S.-China trade talks.

Quantum Startup Raises $32M for Advanced Solutions

Bengaluru's QpiAI secures $32 million funding for quantum solutions, aiming to develop powerful quantum computers for various industries.

Tech Mahindra Q1 2026 Results Analysis

Tech Mahindra's Q1 2026 results show slight revenue miss but strong profit growth and deal wins. Strategic partnerships in AI. Analysts divided on stock's prospects.

Delays in US-India Trade Deal Affect Dry Fruit Imports

Uncertainty over the US-India trade agreement has caused delays in customs clearance for dry fruit shipments from the US to India, impacting importers.

Sona BLW in Talks with BYD for EV Components Deal

Sona BLW's stock price surges 8.5% as the company explores partnership with Chinese automaker BYD for electric vehicle components.

ScaleAI Lays Off 200 Employees After Meta Investment

Data labelling firm Scale AI lays off 14% of its workforce, shifts focus after Meta's $14.3B investment. CEO cites efficiency concerns, assures funding.

Tech Mahindra's Growth Strategy : Q1FY26

Tech Mahindra reports strong financial performance with deal wins up by 44%, margin expansion for 7 straight quarters, and audited financial results announced for June 30, 2025.

Seven & i Stock Plunges After Withdrawing $47B Bid to buy 7Eleven

Seven & i faces stock drop as Couche-Tard pulls out of acquisition deal due to lack of cooperation, valuing company at 7 trillion yen.

Hexaware Technologies Acquires SMC Squared in $120M Deal

Hexaware Technologies acquires SMC Squared for $120 million to enhance GCC presence in India, gaining proven expertise and expanding go-to-market strategy.

Thinking Machines Lab’s $12B Funding Raised by AI Startup

Thinking Machines Lab, led by former OpenAI executive Mira Murati, secures a record $2B seed round from top investors to develop multimodal AI systems.

Indian IT Transformation Signals Concerns

Concerns arise as TCS reports modest profit growth amid declining revenue and deal wins, signaling a potential slowdown in client demand and the growing impact of AI. Tech professionals advised to upskill in AI/ML.

Tech Mahindra Q1 Results: Net Profit Jumps

Tech Mahindra reports a 33.95% surge in net profit in Q1 FY26 along with strong deal wins and AI strategy advancements.