BIG DEAL
Google deal for 'hot market' cyber firm Wiz would bolster cloud security
Google has been steadily expanding its cybersecurity offerings in recent years. Alphabet is in advanced talks to acquire Wiz, in an up to $23 billion deal that would be Google's most expensive acquisition and provide it with cybersecurity products that defend against ransomware gangs, a person familiar with the matter said on Sunday.
ET Online Budget 2024 survey: The big challenge, best thing about India, one big missing trick & the reform everyone wants first
Union Budget 2024 Survey: Among the findings of the ET Online budget survey, some of the more significant were the ones about the elephant in the room, the best thing about India at the moment and the one big risk factor, and the reform India wants FM Nirmala Sitharaman to bring first.
Google-Wiz deal talks: here's a look at the tech giant's biggest acquisitions
Google looks to take on rivals Amazon Web Services and Microsoft Azure in the cloud-computing space. If the deal goes through, this will be the tech giant's biggest acquisition, almost double what it paid for Motorola Mobility in 2012. In the past decade, the search engine giant has made several big-ticket deals as well.
Professional services companies add record partners as business booms
The professional services sector in India is experiencing significant growth, with top firms collectively amassing over 3,300 partners. EY stands out as the first firm to surpass 1,000 partners, driven by strong growth in advisory services post-Covid-19 disruptions. The Big Four firms reported combined revenue exceeding ₹39,000 crore, with a focus on expanding leadership to meet rising demand. Deloitte, PwC, and KPMG have been actively promoting and hiring partners, while Grant Thornton and BDO have also shown impressive partner growth.
Prime Day 2024 NEW LAUNCHES - Smartwatches launched with discounts of up to 80%
Prime Day 2024 brings exciting new smartwatch launches with unbeatable discounts of up to 80%. Whether you're looking for advanced fitness tracking, sleek designs, or enhanced connectivity features, this sale offers a range of smartwatches to suit every need and style. Don't miss the chance to upgrade your wristwear with the latest tech innovations at a fraction of the cost.
US senators call out big tech's new approach to poaching talent, products from smaller AI startups
President Joe Biden's administration and lawmakers from both parties have promoted stricter oversight of the tech industry recently. US antitrust authorities plan to investigate the roles of Microsoft, Nvidia, and OpenAI in the AI boom, with the Department of Justice probing Nvidia and the Federal Trade Commission scrutinising Microsoft and OpenAI partnerships.
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Microsoft, Apple drop OpenAI board plans as scrutiny grows
Microsoft and Apple have decided against taking board roles at OpenAI, citing regulatory scrutiny. Microsoft's $13 billion investment and integration of OpenAI's tech in products like Windows face antitrust probes. Despite withdrawing, concerns about stifling competition persist. US and European regulators are scrutinizing Big Tech's dominance in AI. Analysts foresee AWS and Google becoming preferred partners amid growing demand and regulatory pressure. This move underscores challenges as tech giants balance innovation and regulatory compliance in the AI landscape.
Gautam Gambhir is yet to ink salary deal, first big 'Test' would be 'Down Under'
BCCI secretary Jay Shah officially announced Gambhir's appointment, which was on cards for a long time. However, it is learnt that his salary is yet to be finalised although it is expected to be in the same bracket as that of his predecessors Rahul Dravid and Ravi Shastri.
Get AI's mojo back intelligently
As AI emerged, it was met with optimism, but soon concerns over AI safety, explainability, data privacy, and deepfakes overshadowed the excitement. Experts began to caution that AI could threaten humanity's existence. To harness the positive potential of AI, we must rekindle the initial hope, joy, and curiosity associated with technological advancements.
India Inc registers 501 deals valued at USD 21.4 bn in Q2 2024: Grant Thornton
Grant Thornton Bharat's Q2 2024 report shows 501 deals worth USD 21.4 billion. Despite a 28% value decrease post Reliance-Disney mega-merger, domestic investment and private equity remain strong. High-value deals (over USD 100 million) rose 58% with 30 significant deals. Political stability and policy clarity boosted traditional sectors like pharma and manufacturing, states Shanthi Vijetha.
Amazon Sale for Monsoon 2024 - Save up to 80% on smartphone accessories
The Amazon Monsoon 2024 Sale offers deep discounts on essential smartphone accessories, perfect for upgrading your tech arsenal. From sleek chargers to rugged cases and immersive headphones, find everything you need to enhance your smartphone experience at prices slashed by up to 80%.
Amazon Prime Day 2024 - Here's everything you need to know
Amazon Prime Day 2024 promises to be a shopping extravaganza, offering Prime members unparalleled access to discounts, new product launches, and more. This annual event, known for its blockbuster deals across various categories, is set to deliver exceptional savings and excitement over two days. Whether looking for tech gadgets, home essentials, fashion must-haves, or entertainment upgrades, Prime Day is the ideal time to snag incredible bargains and explore the latest innovations.
Budget 2024: Ahead of Sitharaman’s big announcement, a look at govt’s forex war chest to deal with external shocks
India Forex Reserve FY 2023-24 | Finance Minister Nirmala Sitharaman is set to present her seventh Budget in July 2024 amid robust economic indicators, including India's substantial foreign exchange reserves of nearly $654 billion. The Modi 3.0 government's first full budget comes amidst high capital inflows and resilient forex management, underscoring economic resilience and strategic fiscal planning
Why cement biggies like to take inorganic route to grow
This was followed by more prominent deals in recent times. In 2022, Adani Group acquired ACC and Ambuja Cements from Holcim. The acquisition of ACC-Ambuja cement assets was valued at ₹81,400 crore.
BigBasket, 1mg’s plans for capex; win for epharmacies in Madras HC
Tata’s online grocery BigBasket and epharmacy 1mg will largely depend on debt capital to fuel expansion this fiscal. More on this in today’s ETtech Morning Dispatch.
Big 4’s management consulting arms gain muscle
The management consulting business has been growing 25-30% for all firms in the last two years. At the Big Four, the total number of partners engaged in strategy, operations, and the top end of digital advisory — areas typically dominated by firms like McKinsey, BCG and Bain — stands close to 300, with consultant numbers at 5,500-6,000. However, the varying number of digital consultants each firm adds to management consulting complicates direct comparisons.
Amazon Furniture Sale - Big Deals on Furniture You Can't Miss
Shop the Amazon Furniture Sale for Big Deals on a vast selection of furniture. Find stylish sofas, dining sets, beds, and office furniture at unbeatable prices. From stylish sofas and dining sets to comfortable beds and functional office furniture, upgrade your living spaces at unbeatable prices. Hurry, these deals won’t last long!
What will be the big trade in the run-up to the Budget? Here’s what Rahul Shah has to say
Rahul Shah says that HDFC Bank has not performed well for the last so many months and we all know that there is speculation on MSCI weightage and all. If it happens, then my gut feeling is that HDFC will outperform. But if it does not happen, then SBI will definitely outperform the HDFC.
Amazon Sale (June 2024): Unbeatable Discounts of up to 55% off on Home Appliances - Save Big on Refrigerators, Washing Machines, Air Conditioners and More!
Get ready for the Amazon Sale from 5th to 9th June! Enjoy unbeatable discounts of up to 55% on a wide range of home appliances. Save big on top brands of refrigerators, washing machines, air conditioners, and more. Upgrade your home with the best deals of the year during this limited-time event. Don't miss out on incredible savings.
Salesforce plummets 18% as weak forecast sparks concerns of AI competition
Salesforce shares slumped about 18% on Thursday, after its lowest-ever quarterly revenue growth forecast raised fears that high interest rates and rival AI offerings were hampering demand at the cloud-based software firm.
More PEs head to India armed with big money to bag deals
Growtheum Capital Partners, a private equity firm headquartered in Singapore, is scheduled to inaugurate its Mumbai office this July, joining the growing list of PE investors in India. At the same time, US-based private equity firm Platinum Equity is evaluating investment opportunities across various sectors such as healthcare, technology, and infrastructure as it prepares to enter the Indian market.
Amazon Big Bathroom Store Sale - Get the best deals on bathroom accessories here!
The Amazon Big Bathroom Store Sale is your one-stop destination for premium bathroom essentials at discounted rates. Explore a wide range of products including showerheads, bath mats, storage solutions, and more, all designed to enhance your bathroom experience without breaking the bank.
Amazon Summer Appliaces Sale - Up to 60% off on ACs, Refrigerators and Washing machines
The Amazon Summer Appliances Sale is here with exciting deals on essential home appliances. From cooling solutions like air conditioners to refrigerators and washing machines, find everything you need to stay comfortable and refreshed during the hot summer months. With discounts of up to 60%, now is the perfect time to invest in quality appliances without breaking the bank.
Amazon Great Summer Sale 2024: Save Big on Fashion Essentials
Dive into a world of style and savings at the Amazon Great Summer Sale, where fashion essentials for men, women, and kids await. With incredible discounts and deals on top brands, now is the perfect time to refresh your wardrobe and elevate your style game. From chic dresses and tailored suits to casual tees, discover a diverse range of clothing options to suit every taste and occasion. Whether you are shopping for yourself or your little ones, find everything you need to stay fashionable all summer long at the latest Amazon Sale.
Amazon Great Summer Sale 2024: Big Savings on Kitchen and Home Appliances
Get ready to transform your home with the Amazon Great Summer Sale! From state-of-the-art kitchen appliances to powerful home appliances, this sale has everything you need to elevate your living space. Explore a vast selection of top-quality products at irresistible prices. So, don't miss out on this opportunity to save big and create the home of your dreams with the Amazon Sale 2024!
A Tata-Tesla deal has just won India a big strategic edge
Tata's likely deal with Tesla to supply semiconductor chips marks a major milestone for India, enhancing its strategic power globally. As countries invest in semiconductor manufacturing, India's focus on legacy chips positions it as a reliable supplier in the global chip value chain, contributing to its self-reliance and influence.
TCS likely to outdo peers with ramp-up in big deals
Its operating margin is also likely to expand in the absence of any major wage increases and higher internal efficiency. The country’s largest software exporter is slated to declare the fourth quarter numbers on Friday.
Exclusive: Lenskart, Purplle, Healthkart may raise fresh funds as big-ticket startup deals gain momentum
Big-ticket investments on horizon for companies that have emerged stronger after Covid. Indian startup sector witnesses a resurgence in big-ticket deals of $100 million or more. Firms like Lenskart and Purplle are in talks for significant investments, while companies like HealthKart and Rapido negotiate fresh funding rounds.
Big-ticket funding deals in focus; Good Glamm's JV with Serena Williams
Industry executives view this as a notable uptick after the prolonged downturn in funding for technology ventures in India since 2021. While there is a considerable revival in large-size deals, the interest is largely in select good assets which have withstood post-pandemic challenges and continued to grow despite cutting down burn.
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