Reported about 2 months ago
The Central Bank of India (CBI) has successfully acquired equity stakes in Future Generali India Life Insurance Company Limited and Future Generali India Insurance Company Limited, totaling significant investments of Rs570 million and Rs4.5 billion, respectively. These purchases were sanctioned by regulatory bodies following the Reserve Bank of India's approval for CBI to expand into the insurance sector in partnership with the Generali group.
Source: YAHOO
Reported about 2 months ago
Nvidia has announced multiple partnerships in the UK to enhance AI capabilities, aligning with the start of London Tech Week on June 9. The company aims to help businesses leverage AI technologies and train 100,000 individuals by 2030, collaborating with the UK government and city regulators to foster innovation. Nvidia is also working with Barclays and Microsoft to create workspaces for 150 tech firms. Meanwhile, competition from France in the AI sector is increasing, attributed to its supportive measures for startups and energy resources.
Source: YAHOO
Reported about 2 months ago
Luminance has launched Deep Insight, a new AI tool designed to help businesses manage risks associated with regulatory changes, including tariffs. This innovative technology allows companies to monitor their entire contract portfolios and assess the impact of external factors in real time. By processing natural language queries and integrating third-party information, Deep Insight provides actionable insights and guidance, enabling rapid responses to shifting legal landscapes.
Source: YAHOO
Reported about 2 months ago
Recent findings show a notable decline in artificial intelligence (AI) adoption among small businesses, dropping from 42% in 2024 to just 28% in 2025. While some business owners continue to use AI to enhance efficiency, increasing concerns about cost, complexity, and the risk of inaccuracies have led many to reconsider their use of AI tools. The survey also indicates that a significant portion of small business owners—58%—do not plan to integrate AI into their operations at all, despite recognizing its potential benefits.
Source: YAHOO
Reported about 2 months ago
AdaCore has introduced the Ada and SPARK programming languages to the automotive sector in partnership with Nvidia, aiming to meet the ISO-26262 certification standard for safety in vehicle software. This collaboration will provide an open-source reference process for industry adoption, enhancing the functional safety of autonomous vehicle applications developed using Nvidia's technology. The focus is on maximizing software safety as the automotive industry shifts from mechanical to software-driven features.
Source: YAHOO
Reported about 2 months ago
Mace Group, a global delivery consultant and construction firm, reported a revenue of £2.79 billion ($3.2 billion) for 2024, with an operating profit of £50.7 million. The company is targeting a revenue increase to £3 billion by 2026, supported by a strong project pipeline and a headcount exceeding 8,000. The Consult division recorded significant profit growth, while the Construct division faced challenges. Mace has implemented new governance to enhance oversight and is focusing on diverse markets for future expansion.
Source: YAHOO
Reported about 2 months ago
Aytu BioPharma has entered an exclusive agreement with Fabre-Kramer Pharmaceuticals to commercialize Exxua, an extended-release antidepressant approved by the FDA for major depressive disorder (MDD) in adults. Aytu is committed to royalty and milestone payments tied to net sales, with plans to launch Exxua in the US market by late 2025, aiming to provide a vital treatment option for the 21 million Americans affected by MDD. Aytu's CEO emphasized the importance of Exxua in addressing the unmet needs of depression patients.
Source: YAHOO
Reported about 2 months ago
Amazon is positioned for significant revenue growth in the coming years, driven by its dominant e-commerce platform, a successful subscription model through Amazon Prime, and a robust advertising segment. Additionally, AWS continues to be a critical growth engine, with substantial profits from cloud services. Despite a seemingly high valuation, the expected increase in earnings supports a bullish outlook for Amazon, making it a compelling option for long-term investors.
Source: YAHOO
Reported about 2 months ago
Mark Read, the CEO of WPP, will step down by the end of the year as the advertising agency confronts challenges from artificial intelligence and plummeting stock prices. Having spent over 30 years at WPP, including nearly seven years as CEO, Read's departure comes amid struggles to compete with tech giants in the advertising space. WPP has lost significant value under his leadership, triggering speculation about a boardroom shake-up and concerns that the company may fall further behind its competitors.
Source: YAHOO
Reported about 2 months ago
Source: INVESTORS
Reported about 2 months ago
US Treasury Secretary Scott Bessent announced that President Trump is prioritizing issues related to mortgages, cars, and real wage growth, as part of a broader strategy to improve American affordability. Following a significant reduction in tariffs on China, Bessent emphasized that the aim is to support strategic necessities in the manufacturing sector while addressing skyrocketing housing and car ownership costs that are burdening American families.
Source: YAHOO
Reported about 2 months ago
Meta is negotiating a potential multibillion-dollar investment in Scale AI, a company specializing in data tagging for AI models. Founded by 28-year-old Alexandr Wang, Scale AI plays a crucial role in developing large language models and is expected to generate $2 billion in revenue this year. Wang advocates for a national AI data reserve to enhance U.S. competitiveness in AI as the company further engages with the government and moves towards advanced AI systems.
Source: YAHOO
Reported about 2 months ago
Northern Accountants, based in Leeds, has formed a new strategic advisory board comprising three non-executive directors to guide the firm towards a revenue target of £7.8 million as part of its five-year plan to become one of the UK's top 100 accounting firms. The board includes Anna Masheter, who will enhance talent capabilities; Katie Mallinson, focusing on marketing strategy; and Nick Washbourne, who aims to develop the business. Their collective expertise is expected to play a crucial role in achieving the company's ambitious growth objectives.
Source: YAHOO
Reported about 2 months ago
The UAE is experiencing significant growth in power capacity, driven by mega projects and increasing electricity demand spurred by population growth and urban development. By 2035, the country's power capacity is projected to reach 79.1GW, primarily through gas-based thermal power. This expansion is fostering investment opportunities and necessitating the modernization of energy infrastructure, alongside a strategic shift towards renewable and nuclear energy to diversify energy sources.
Source: YAHOO
Reported about 2 months ago
Fiserv has agreed to acquire the remaining 49.9% stake in AIB Merchant Services (AIBMS), a joint venture with AIB Group established in 2007, which provides payment solutions and e-commerce services in Ireland and Europe. Post-acquisition, AIB Group will continue referring clients to AIBMS, which will operate under its existing brand for a transitional period. The deal is expected to finalize in the third quarter of this year, pending regulatory approval.
Source: YAHOO
Reported about 2 months ago
BNP Paribas has announced plans to close 200 retail branches in France by 2027 as part of a strategy to boost profitability. The bank will shut about 80 branches this year and an additional 120 next year, potentially leading to a 5% annual reduction in branch staff. The move aims to shift focus towards online and telephone banking services, with alternatives offered to affected employees. The restructuring is part of a broader initiative to enhance the bank's retail banking division under new leadership.
Source: YAHOO
Reported about 2 months ago
Flipkart已從印度中央銀行(RBI)獲得貸款許可，將能夠直接向客戶和賣家提供貸款，這是印度首個授予電子商務實體的非銀行金融公司(NBFC)牌照。Flipkart計劃通過其電子商務平台和金融科技應用程序提供貸款，並可能為平台上的賣家提供融資選擇。目前，Flipkart與多家銀行合作，提供個人貸款。
Source: YAHOO
Reported about 2 months ago
Source: WSJ
Reported about 2 months ago
Source: WSJ
Reported about 2 months ago
Source: YAHOO
Reported about 2 months ago
Source: WSJ
Reported about 2 months ago
Source: YAHOO
Reported about 2 months ago
TGS与Oseberg合作推出新产品，为勘探与生产（E&P）公司提供丰富的租赁和法规数据，旨在提升TGS的井数据分析平台。这一集成允许用户访问美国德克萨斯州、新墨西哥州和俄克拉荷马州的租赁所有权信息，有助于简化井计划、降低法律和运营风险。该合作还将支持并购分析、项目规划和资源管理，使E&P公司能够快速验证土地所有权，并优化发展策略。
Source: YAHOO