Page 2 - Jaden Mathew Paul

Black Box eyes $2 billion revenue in 4 years on rising AI, data demand

Black Box has increased its focus on modular data centres and prefabricated solutions, which are designed to accelerate project timelines and cater to hyperscale needs

Wilson & Hughes PE acquires travel firm Cox & Kings assets, brands

The acquisition, completed through the PE firm's Indian subsidiary, includes only Cox & Kings brand and assets, excluding any responsibility for financial, legal issues tied to past operations

Edtech platform Bhanzu secures $16.5 mn for US expansion and global growth

The company has reported 8 times growth since its last funding round two years ago. It is now cash-flow positive, with expansion plans focused on the US market

Black Box reports 59% increase in profit amid revenue dip in Q2FY25

Expenses decreased 7.2 per cent to Rs 1,425.16 crore for Q2FY25, compared with Rs 1536.08 crore in the previous year

BS BFSI Summit: 'Higher PE/VC funding boosts governance excellence'

Bain Capital's Kotecha highlighted that the strongest indicator of PE's value is the long-term track record and measurable impact on portfolio companies

BS BFSI Summit: 'Regulatory compliance key to consumer protection'

While compliance may incur costs, it strengthens consumer trust and safeguards data security in an era when customers increasingly demand faster service, said panellists at the BS BFSI Summit

Banks leaving no stone unturned to stay ahead of fraudsters, say CEOs

Focus is on staying ahead on the technological front

Markets polarised into bubble-like and comfortable valuations: MF CIOs

Money managers noted that as markets retreated, earnings growth expectations also moderated, neutralising impact on valuations

SFBs ready with systems to make the transition, say CEOs at BS BFSI Summit

SFBs have a talent pool of senior managers with over 20 years of experience, ensuring robust succession planning for a professionally managed bank.

Reliance Power clears debt of Rosa Power focusing on green energy growth

Rosa Power operates a 1,200 megawatt (MW) coal-based thermal plant in Uttar Pradesh and had earlier, in September, cleared Rs 833 crore of its debt

QubeHealth gets pre-series A funding from Unicorn India & CanBank VC

The investment positions QubeHealth for its upcoming Series A round, targeting $9 million at a valuation of Rs 270 crore

APAC private debt rises, India raises $2.3 bn in Q3 alone: Report

APAC private capital fundraising hits five-year low: Preqin report

Suzlon Energy Q2FY25 results: Net profit rises 96% at Rs 200 crore

The renewable energy major's net profit was recorded at Rs 200.20 crore for Q2FY25, missing analyst estimates

VC in India funding up 50% in Q1-Q3 2024 on increased big-ticket deals

A total of 883 deals were announced between January and September 2024, marking a 7.3 per cent rise in deal volume compared to the same period in 2023

Nvidia AI summit: Experts stress need for sovereign AI systems, strategies

Pramod Varma, chief architect of Aadhaar and UPI, echoed the importance of viewing data as an economic asset

Outbound M&A by Indian firms to rise on back of strong balance sheets: Citi

The last two years have been transformative for investment banking in India, not just in terms of the volume of activity, but also the quality of deals and their impact on businesses

Mega project builders in J&K assess risks, but no immediate alarm

51 major infra projects worth Rs 1.16 trillion ongoing in the region

Employee grievances at India's top companies up 30% in FY24, shows data

BSE50 companies reported 8,468 complaints

Early-stage VC firm 8i Ventures scores 12X return on M2P Fintech exit

The fintech startup's evolution from a card-issuing platform to a broader banking-as-a-service (BaaS) provider helped drive the returns

BPEA Credit rebrands to Ascertis Credit, expands focus on Asia markets

The firm has raised four funds and invested over $1 billion in performing credit, primarily focusing on India and Southeast Asia