Zinnia, a leading technology platform serving the life insurance and annuities industry, has appointed Key Kiarie as its new Chief Financial Officer (CFO). The appointment comes as the company continues to expand its carrier and distributor network while strengthening its position in the rapidly evolving insurance technology (InsurTech) market. Kiarie will lead Zinnia’s finance and … Read more
Anant Raj Ltd has announced plans to separate its rapidly growing data centre and cloud services business into a dedicated listed entity, marking a strategic move to unlock value and accelerate growth across both its digital infrastructure and real estate businesses. The company’s Board of Directors has approved a composite scheme of arrangement that will … Read more
Ahmedabad: HCLTech, one of the world’s leading technology companies, has inaugurated its Global Technology Center in GIFT City, Gujarat, marking a significant expansion of its artificial intelligence (AI) and digital engineering capabilities in India. The new center will develop AI-led solutions for global financial services clients while serving as a hub for technology innovation, research, … Read more
New York: Madison Air Solutions (NYSE: MAIR) has raised $2.23 billion through its initial public offering (IPO), making it the largest U.S. industrial IPO since 1999. The offering values the company at $13.2 billion, underscoring growing investor confidence in businesses supporting the rapid expansion of artificial intelligence (AI) infrastructure. Rather than competing in the AI … Read more
Pune: IT services company Tech Mahindra reported a strong financial performance for the first quarter of FY27, with consolidated net profit rising 28% year-on-year to ₹1,465 crore, supported by robust deal wins, expanding margins, and growing demand for AI-led digital transformation services. The company also posted 17.7% year-on-year growth in consolidated revenue, which increased to … Read more
Vancouver, Canada: AI-neurotechnology company Naqi Logix Inc. has announced the appointment of Dino Mariutti to its Board of Directors and as Chair of the Audit Committee, strengthening the company’s leadership as it expands its global commercialization strategy and AI-powered neural interface platform. The appointment comes as Naqi Logix accelerates the development and international deployment of … Read more
Bengaluru: Electric two-wheeler manufacturer Ather Energy has approved a ₹1,200 crore preferential fundraise, bringing together strategic investments from Hero MotoCorp, the National Investment and Infrastructure Fund (NIIF), and the company’s founders. The capital infusion is expected to support Ather’s expansion plans, strengthen its manufacturing capabilities, and accelerate product innovation. The company’s board has approved the … Read more
Kuala Lumpur: Southeast Asian insurtech company PolicyStreet has raised an additional US$5 million in its Series C funding round from BlueOrchard, a leading global impact investment manager and member of the Schroders Group. The latest investment increases the company’s total Series C funding to US$26 million, strengthening its plans to expand digital insurance access across … Read more
San Francisco | Tel Aviv: U.S.-based telemetry management company Cribl has announced the acquisition of Israeli cybersecurity startup CardinalOps, strengthening its artificial intelligence-driven cybersecurity platform and expanding its global operations. While the companies did not officially disclose the financial terms of the transaction, industry estimates value the deal at approximately $100 million. The acquisition is … Read more
Bengaluru | Mumbai: Tata Consultancy Services (TCS), a global leader in IT services, consulting, and business solutions, has launched the TCS Autonomous Engineering Lab Powered by NVIDIA at its Global Axis campus in Bengaluru. The new facility will function as a dedicated Physical AI hub designed to accelerate the development, testing, and deployment of AI-driven … Read more
Bhopal: Spain-based Submer Group has announced a ₹19,000 crore investment in Madhya Pradesh to develop semiconductor and data centre infrastructure, marking one of the state’s largest technology investments to date. The project is expected to generate nearly 5,000 direct employment opportunities while strengthening India’s rapidly growing semiconductor and digital infrastructure ecosystem. The announcement was made … Read more
Singapore: Generative artificial intelligence (GenAI) is expected to reshape the future of work across Southeast Asia, with nearly 80 million workers in ASEAN employed in occupations that have at least some level of exposure to AI technologies, according to a new report released by the International Labour Organization (ILO). Despite the growing influence of AI, … Read more
Dubai: Artificial intelligence company Robo.ai Inc. has appointed H.E. Ahmed Naser Al-Raisi, the former President of INTERPOL, as the Chairman of Neurovia AI, its recently integrated subsidiary. The appointment takes immediate effect and marks a significant step in strengthening the company’s leadership, governance, and AI security capabilities. The move reflects Robo.ai’s strategy to build trusted … Read more
Asia’s startup ecosystem continued to attract strong investor interest during the week of June 28 to July 3, with companies across artificial intelligence, aerospace, robotics, healthtech, enterprise software, fintech, and consumer brands securing fresh capital to accelerate growth. From AI-powered business platforms to aerospace innovations and sustainable consumer products, startups across the region raised funding … Read more
Two engineering graduates from Indian universities now sit inside the world’s most exclusive — and most scrutinised — pay bracket. When the Wall Street Journal published its closely watched annual ranking of the highest-paid chief executives at S&P 500 companies, an Indian-origin name landed in second place globally, trailing only Tesla’s Elon Musk. The executive … Read more
Japan’s corporate hierarchy is undergoing a dramatic shift as Kioxia Holdings, one of the world’s leading memory chip manufacturers, has overtaken Toyota Motor Corporation to become the country’s most valuable company by market capitalization. The milestone underscores the growing influence of artificial intelligence on global financial markets, with semiconductor companies increasingly emerging as the biggest … Read more
