Business Outreach Magazine

16/09/2023

After bolstering Masayoshi Son’s multibillion-dollar war chest with the blockbuster offering of UK chip designer Arm, SoftBank is looking for deals in artificial intelligence, including a prospective investment in OpenAI.
After Arm’s initial public offering is complete, Son, the founder and CEO of the Japanese conglomerate, is reportedly planning to invest tens of billions in artificial intelligence.
One of the possibilities SoftBank is contemplating for a few of these partnerships is OpenAI, which is supported by Microsoft. These sources said that SoftBank might also try to work out a wide strategic alliance with the creator of ChatGPT.
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Arm's initial public offering is complete, Son, the founder and CEO of the Japanese conglomerate, is reportedly planning to invest tens of ..

15/08/2023

Business Outreach Wishes all it’s Dear Readers and Patrons Happy Independence Day.

14/08/2023

U.S. Treasury Secretary Janet Yellen stated in prepared remarks for an event in Las Vegas on Monday that the country is working to create robust, diversified clean energy supply chains to safeguard its economic security while avoiding the risks presented by over-concentration in a small number of nations.
Yellen will discuss the difficulties of making the switch away from fossil fuels in a significant speech she will give after visiting a union facility where employees are training to work on clean energy projects.

Days before the Inflation Reduction Act (IRA), which includes $500 billion in additional spending and tax credits intended to promote clean energy, lower healthcare costs, and improve tax collections, Yellen’s address is scheduled to be delivered.

Diversified clean energy supply chains to safeguard its economic security while avoiding the risks presented by over-concentration...

14/08/2023

U.S. Treasury Secretary Janet Yellen stated in prepared remarks for an event in Las Vegas on Monday that the country is working to create robust, diversified clean energy supply chains to safeguard its economic security while avoiding the risks presented by over-concentration in a small number of nations.

Yellen will discuss the difficulties of making the switch away from fossil fuels in a significant speech she will give after visiting a union facility where employees are training to work on clean energy projects.

Days before the Inflation Reduction Act (IRA), which includes $500 billion in additional spending and tax credits intended to promote clean energy, lower healthcare costs, and improve tax collections, Yellen’s address is scheduled to be delivered.

Diversified clean energy supply chains to safeguard its economic security while avoiding the risks presented by over-concentration...

08/08/2023

Ambareesh Murty, co-founder, and CEO of the e-commerce furniture and home products startup Pepperfry, died on Monday night...

08/08/2023

As it starts to disperse the $6.2 billion in funds discovered after a Pentagon accounting error overvalued billions of dollars in Ukraine..

07/08/2023

Solar panel producer Waaree Energies Ltd. has secured $1 billion in a fundraising round headed by investment company ValueQuest, which is renowned for

07/08/2023

An off-market transfer would be used to buy a 10.3% interest in Paytm from Antfin by a foreign company owned by Jai Shekhar Sharma...

04/08/2023

Struggling ed-tech giant Byju’s misses yet another debt revision deadline, intensifying challenges amid disputes over a $1.2 billion loan. Lenders.

04/08/2023

Pony.Ai and Toyota have joined forces in a billion yuan venture aimed at producing robotaxis on a large scale....

03/08/2023

The Adani Group company Adani Ports and Special Economic Zone Ltd. reported record cargo volumes of 34 MMT in July of this year, a 7% increase year over year (YoY).

03/08/2023

The recent announcement, by the government restricts the import of laptops, tablets, and computers allowing imports. There are some exceptions though. Individuals can import one item through channels and for research and development purposes up to 20 items per shipment are allowed. These imported goods should be used for purposes that cannot be sold after use and should contribute to capital goods. The aim of this decision is to address concerns, about trade imbalances caused by the increasing influx of imports.

The recent announcement, by the government restricts the import of laptops, tablets, and computers allowing imports..

31/07/2023

The U.S. pledged $345 million in military aid for Taiwan on Friday. This is the Biden administration's first sizable package to use American..

27/07/2023

In the wake of sanctions imposed on Russia following its 2022 invasion of Ukraine, major oil firms and commodity houses withdrew from business with

27/07/2023

The Federal Reserve raised its benchmark interest rate by a quarter-point, marking the highest rate in 16 years, due to elevated inflation. The policy

25/07/2023

Hipla Technologies, a provider of workplace management systems with a significant presence in India, was acquired by UK-based...

19/07/2023

According to a recent study, 71% of job applicants in India choose work flexibility above pay, including the ability to work from anywhere...

17/07/2023

According to reports private equity firms such, as Bain Capital are currently in discussions to acquire Adani Capital, the shadow bank owned by Gautam Adani. Adani is looking to sell off core businesses in order to concentrate on its core operations. Bain Capital is expected to offer around Rs 1,500 crore for the company, which has experienced growth, in its assets under management and has shown financial performance in the fiscal year 2023.

In a rather intriguing development reports have surfaced indicating that three private equity firms are currently engaged in discussions for a binding bid of Gautam Adani’s seven-year-old shadow bank Adani Capital.

Bain Capital is expected to offer around Rs 1,500 crore for the company, which has experienced growth, in its assets under management..