Business & Economy

September 16, 2024 5:03 PM

Advent to buy Ryan Reynolds-backed fintech Nuvei in $6.3 bln deal

Private equity firm Advent International has agreed to buy Canada's Nuvei NVEI.TO in a deal that values the payments technology firm, which has received financial backing from actor Ryan Reynolds, at $6.3 billion. The deal, valued at $34 per share, will take Nuvei private almost four years after th...

April 1, 2024 9:52 PM

OpenAI removes Sam Altman’s ownership of its Startup Fund

OpenAI has changed the governance structure of its venture capital fund that backs AI startups, so its high profile chief executive Sam Altman no longer owns or controls the fund, according to a filing with the US Securities and Exchange Commission (SEC). The change, documented in the March 29 fili...

September 16, 2024 5:03 PM

PM Modi to address ceremony marking 90 years of RBI in Mumbai today

Prime Minister Narendra Modi will address a ceremony marking 90 years of the Reserve Bank of India in Mumbai today (Monday), the central bank said. The event will also be attended by Union Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das. "Join us for the commemoration of the 90...

September 16, 2024 5:02 PM

Oil companies reduce price of 19 kg commercial and 5 kg FTL cylinders

Oil marketing companies reduced the prices of 19 kg commercial cylinders and 5 kg FTL (Free Trade LPG) cylinders, said sources. The price has been reduced by Rs 30.50 for a 19-kg commercial cylinder. From April 1, the price in Delhi has been fixed at 1764.50, said sources. The price of the 5kg FTL ...

September 16, 2024 4:51 PM

Pavan Davuluri to lead Microsoft’s Windows and Surface teams

Microsoft has once again merged its Windows and Surface teams internally, with Pavan Davuluri, an alumnus of IIT Madras, entrusted with leading development efforts on both fronts. According to reports from Windows Central, a reputable source for Microsoft-related news, this decision comes after a b...