Bank holiday on Guru Nanak Jayanti: Will banks remain closed on November 5? Check state-wise list

Banks across several states will remain closed on Wednesday, November 5, as the country observes Guru Nanak Jayanti and Kartik Purnima. With banking counters shut in multiple regions, many customers are looking for clarity on which states will have bank holidays, especially those planning in-person branch visits or time-sensitive transactions. Banks in which states remain…

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KKR eyes entry into new sectors in India

MUMBAI: Global private equity giant KKR is looking to expand its presence in several sectors in India including consumer, technology, financial services, infrastructure, healthcare, insurance and real estate. KKR is also bullish on growing its private credit business in the country and is closely tracking the manufacturing space within the global shift towards a ‘China…

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Microsoft-IREN deal: Tech giant inks $9.7 billion AI cloud pact for Nvidia chips; aims to bolster data centre capacity amid soaring AI demand

Microsoft has entered into a $9.7 billion cloud services agreement with Australian artificial intelligence infrastructure provider IREN, a deal that will give the tech major access to Nvidia chips as it scales its AI and cloud operations, AP reported.The five-year agreement includes a 20% prepayment and is aimed at supporting Microsoft’s efforts to meet the…

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Vodafone Idea rally: Shares lock in 10% upper circuit after SC clarity on AGR dues; is this the relief investors were waiting for?

Vodafone Idea shares surged nearly 10% on Monday to hit the upper circuit at Rs 9.60 on the BSE, after the Supreme Court provided crucial clarity on the long-pending issue of Adjusted Gross Revenue (AGR) dues. The development eased investor concerns over the telecom firm’s massive liabilities and lifted sentiment around the stock.The apex court…

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Bharat Biotech forays into CRDMO space with new cell & gene therapies arm Nucelion Therapeutics

HYDERABAD: Vaccine maker Bharat Biotech is foraying into the contract research development and manufacturing organisation (CDRMO) space with the setting up of a new wholly-owned subsidiary, Nucelion Therapeutics Pvt Ltd, that is focused on cell and gene therapies (CGT).Announcing its entry into this high growth CRDMO segment, Bharat Biotech said the new entity will support…

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OpenAI-Amazon cloud deal: OpenAI seals $38 billion deal with Amazon for AI computing power; Microsoft exclusivity ends

OpenAI has signed a $38 billion agreement with Amazon to run its artificial intelligence systems on Amazon Web Services (AWS), gaining access to “hundreds of thousands” of Nvidia’s AI chips through the deal announced Monday, AP reported.The partnership comes just days after OpenAI revised its arrangement with longtime backer Microsoft, which will no longer remain…

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Will scrap Adani power deal if graft is proved: Bangladesh

DHAKA: Bangladesh will not hesitate to cancel a 2017 power contract with India’s Adani group if any irregularities or corruption are proven, said the Muhammad Yunus-led interim government, referring to an interim report that claimed “massive governance failure” and “massive corruption” across the energy sector.The report was submitted by the national review committee, established to…

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