Topic
stake
Technology OpenAI weighs giving Trump administration 5% stake amid US scrutiny of AI firms: Report
According to a report, OpenAI is considering giving the Trump administration a 5% stake as US scrutiny of AI firms intensifies. The source provides no further details.
Business Prestige Estates acquires 50% stake in Rs 4,500 crore Mumbai commercial project
Prestige Estates Projects Ltd has acquired a 50% stake in Advent Convention and Hotels International Ltd for Rs 504 crore to co-develop a Rs 4,500 crore commercial project in Mumbai. The project in Andheri East will have 1.50 million sq ft of leasable area. The company also reported a two-fold increase in net profit to Rs 1,195.5 crore for FY2025-26.
Logistics MSC Pays $1.4bn for 49% Stake in Adani's Vizhinjam Port, Deepens India Bet
Mediterranean Shipping Company (MSC) is acquiring a 49% stake in Adani Ports' Vizhinjam transhipment terminal for $1.4bn through its terminal arm Terminal Investment Limited (TiL). The deal values the Kerala port at approximately $2.85bn and represents the largest foreign private investment in Indian port infrastructure. Adani will retain a controlling 51% stake. The investment will fund expansion of the terminal's capacity from 1.6m TEU to 5.7m TEU by end of 2028.
Business Wipro raises Aggne stake to 80% with $2.1 million investment to strengthen insurance technology business
Wipro has raised its ownership stake in insurance technology company Aggne to 80%, investing $2.1 million in the process. The acquisition deepens Wipro's presence in the insurance tech sector.
Technology Trump Administration Reportedly in Talks to Take Stake in OpenAI, Sources Say
The Trump administration is reportedly in talks to take an equity stake in OpenAI, as first reported by NOTUS and confirmed by CNBC. The discussions, dating back to 2025, involve CEO Sam Altman and are part of a proposed 'Public Wealth Fund' concept. No terms have been finalized, but the move follows a precedent of government stakes in tech companies like Intel.
Technology Trump and AI Leaders Discuss US Investment Stakes
President Trump is set to meet with AI leaders to discuss potential US government investments in major AI companies. This move aims to create a partnership with the American public, similar to the previous Intel investment. Meanwhile, Senator Bernie Sanders proposes a 50% public ownership stake in AI firms.
Logistics MSC Acquires Majority Stake in Pivdennyi Terminal
Mediterranean Shipping Co (MSC) has reportedly acquired a 51% stake in the Transinvestservice Container Terminal in Pivdennyi, Ukraine. This acquisition marks MSC's second terminal asset in the country, potentially revitalizing operations at the port.
Manufacturing Ming Yang Targets Stake in 2GW Canadian Offshore Wind Project
Ming Yang Smart Energy is considering a strategic investment in a 2GW offshore wind project in British Columbia. This initiative, led by Oceanic Wind Energy and Coast Tsimshian Enterprises, aims to harness the strong wind resources of the Hecate Strait.