India’s foreign exchange reserves saw a dip of $1.24 billion, falling to $691.485 billion for the week ending May 31, 2025, according to the latest data released by the Reserve Bank of India (RBI). This decline comes amid global economic uncertainties and foreign currency asset adjustments by the central bank. Key Highlights Breakdown of Forex
Top 20 Richest CEOs in the World (2025) – Net Worth, Companies & Profiles: 1. Elon Musk – CEO of Tesla, SpaceX, and X (formerly Twitter) 2. Mark Zuckerberg – CEO of Meta Platforms 3. Jeff Bezos – Executive Chairman of Amazon 4. Larry Ellison – CTO and Co-Founder of Oracle 5. Bernard Arnault –
Snorkel AI, a leading innovator in the data-centric AI movement, has raised $100 million in a Series C funding round to accelerate the development of powerful AI model evaluators—a crucial need in today’s generative AI-driven landscape. As enterprises increasingly adopt large language models (LLMs), there is a growing demand for precise, scalable, and automated evaluation
In a landmark development that reshapes the enterprise technology landscape, Salesforce (NYSE: CRM) has agreed to acquire Informatica (NYSE: INFA), a global leader in cloud data management, in a deal reportedly valued at approximately $11 billion. The move underscores Salesforce’s aggressive push toward AI-driven enterprise transformation by strengthening its data foundation to power real-time, intelligent
In a landmark move reshaping the entertainment industry, Skydance Media has officially completed its $8 billion merger with Paramount Global. With regulatory approvals secured from the U.S. Securities and Exchange Commission (SEC) and the European Union (EU), the deal now awaits final closure pending approval from the Federal Communications Commission (FCC). 📊 Deal Overview 🎬
Napster, once a disruptive force in the music-sharing world, is making headlines again—but not for nostalgia. The brand has re-emerged in 2025 with a bold, billion-dollar identity as an AI-first technology company. With a $15 billion valuation, top-tier AI talent, stealth-mode acquisitions, and whispers of generative AI tools that could revolutionize entertainment and productivity, Napster’s
Finout, an Israeli startup specializing in cloud cost management solutions, has been recognized as the “Most Promising Startup of 2025” by Globes. This accolade underscores Finout’s significant impact on the FinOps (Financial Operations) landscape, providing enterprises with innovative tools to manage and optimize their cloud expenditures. What Is Finout? Founded in 2021, Finout is a
In a major development set to disrupt the financial services landscape, Catena Labs, a fintech startup founded by Circle co-founder Sean Neville, has announced a successful $18 million seed funding round. The company is developing a next-generation AI-native banking platform, blending financial technology and artificial intelligence to deliver smarter, faster, and more secure banking services.
In December 2023, Japan’s largest steelmaker, Nippon Steel Corporation, announced its intention to acquire U.S. Steel Corporation in a $14.9 billion all-cash deal. This strategic move is poised to reshape the global steel industry by significantly expanding Nippon Steel’s presence in North America, enhancing its production capacity, and driving forward its international growth strategy. Company
The much-anticipated arrival of driverless cars on UK roads has hit a speed bump. The British government has now pushed its timeline for the widespread deployment of autonomous vehicles to 2027. While this delay might stall the nation’s ambitions, mobility giant Uber has made one thing clear: it’s ready for takeoff — whenever the green
In a landmark achievement, OpenAI has raised $40 billion in a funding round, elevating its post-money valuation to $300 billion. This marks the largest private technology investment to date, underscoring the company’s pivotal role in the rapidly evolving artificial intelligence (AI) landscape. 📊 Funding Details and Investor Breakdown The $40 billion investment is structured in
In a strategic move to enhance its artificial intelligence (AI) offerings, Salesforce has acquired Convergence, a London-based AI startup, aiming to bolster its position in the competitive generative AI market alongside industry leaders like OpenAI, Anthropic, and Google’s Duet AI. About Convergence Founded in April 2024 by machine learning engineers Marvin Purtorab (CEO) and Andy
MassVentures, the Commonwealth of Massachusetts’ strategic venture capital agency, has announced the allocation of $4.5 million in non-dilutive grant funding to 26 deep tech startups through its SBIR Targeted Technologies (START) program. This initiative aims to transform cutting-edge research developed under federal SBIR and STTR contracts into viable businesses and job opportunities within the state.
Selena Gomez, a multifaceted entertainer and entrepreneur, has built an impressive portfolio spanning music, acting, and business. Despite her significant accomplishments and ventures like Rare Beauty and Wondermind, she hasn’t officially reached billionaire status. Let’s explore the factors contributing to her current net worth and the potential trajectory toward becoming a billionaire. Selena Gomez’s Net
Decagon AI is at the forefront of revolutionizing enterprise customer support through its advanced generative AI agents. By automating complex customer interactions across multiple channels, Decagon enables businesses to enhance efficiency, reduce costs, and deliver superior customer experiences. Company Profile Jesse Zhang brings experience from Google and Citadel Securities, while Ashwin Sreenivas previously worked at
Waymo, a subsidiary of Alphabet Inc., is spearheading the next generation of transportation through autonomous vehicles. At the heart of this revolution lies its state-of-the-art robotaxi factory in Mesa, Arizona. As self-driving technology transitions from experimental to operational, Waymo’s efforts represent one of the most significant advances toward a driverless mobility future. 🚗 Mesa, Arizona:
Indonesia’s leading petrochemical company, PT Chandra Asri Pacific Tbk, is boldly expanding its footprint across Southeast Asia with a major acquisition and a series of strategic partnerships aimed at boosting regional competitiveness and energy infrastructure. Major Acquisition: Shell’s Energy and Chemicals Park Singapore In April 2025, Chandra Asri, through a joint venture with commodities trader
In a landmark development for India’s financial industry, Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has agreed to acquire a 20% stake in Yes Bank for approximately ₹134.8 billion ($1.58 billion). This transaction marks the largest cross-border merger and acquisition deal in India’s banking sector to date. Deal Overview SMBC, a subsidiary of Sumitomo Mitsui Financial
