The Indian Army has signed an agreement with the United States to purchase Javelin anti-tank missile systems, according to an announcement by the U.S. Embassy in India on Friday. The medium-range guided missile system is jointly produced by Lockheed Martin and RTX, and the deal was finalized through the U.S. Foreign Military Sales route via … Read more
Prudential reported first-half new business profit of $1.38 billion, rising 8% on a constant exchange rate basis according to Reuters reporting by Sameer Manekar and Shruti Agarwal, driven by growth in Hong Kong, Malaysia, and Singapore while expanding its ongoing share repurchase program by $300 million. Prudential First-Half New Business Profit Rises 8% to $1.38 … Read more
The U.S. Department of Homeland Security proposed raising the H-1B visa application fee to a permanent $103,265, following a legal battle over President Donald Trump’s initial efforts to overhaul the skilled foreign worker program. According to Reuters reporting, the visa program allows technology companies and other industries to employ foreign professionals for a few years, … Read more
Unitree shares slumped 45% from their debut peak in late August, dropping by $30 billion after soaring to an early $66 billion valuation on the Shanghai STAR Market, according to Reuters. The steep post-listing selloff for China’s best-known humanoid robot maker has triggered widespread regulatory and investor anxiety over retail losses, retail trading frenzies, and … Read more
Federal Bank plans to raise $500 million through a five-year dollar bond sale, according to bankers who requested anonymity because they lack authorization to speak with the media. The capital-raising effort follows a board approval on Friday for foreign-currency-denominated bonds issued through the International Financial Services Centre Banking Unit located in GIFT City. Federal Bank … Read more
Apple has trained a large language model specifically for the China market with support from Alibaba Group, according to three people familiar with the matter who spoke with Reuters. The development marks a departure from the iPhone maker’s prior strategy of relying entirely on third-party models to power artificial intelligence features in the country, where … Read more
Chinese artificial intelligence startup DeepSeek formally released its official V4 Pro model to regain ground against fast-moving domestic rivals as it expands hiring, computing capacity, and fundraising efforts, according to Reuters and The Economic Times. The new software, designated V4-Pro-0813, greatly enhances agent capabilities and is available through API, app, and web channels, the companies … Read more
To help secure billions of dollars for his insurance firms, billionaire Mark Walter proposed using his equity holdings in Guggenheim Partners as collateral, a Bloomberg News story published on Thursday revealed. The capital-raising push involves offering double-digit yields to lenders for Walter’s TWG holding company, as reported by Bloomberg News. Debt Restructuring at Delaware Life … Read more
Wall Street indexes rose on Wednesday, driven by the Nasdaq outperforming its peers as upbeat earnings from artificial intelligence infrastructure firms boosted technology stocks, while largely in-line inflation data reinforced market bets that the U.S. Federal Reserve will hold interest rates steady, according to Reuters reporting. AI Infrastructure Earnings Drive Nasdaq Gains The Nasdaq Composite … Read more
Meta Platforms will face a coalition of state attorneys general in a California federal court trial beginning on Wednesday over claims that the tech giant engineered Facebook and Instagram to be addictive to children. According to court filings, the seven-week trial in Oakland tests allegations from Colorado, Kentucky, California, and New Jersey that Meta designed … Read more