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imaai secures 150 million as ai silicon push lifts valuation to 14 billion

SiMa.ai raises $150mn to scale physical AI

TazaPulseSeptember 29, 2026

iMa.ai raises $150 million to power next-gen AI chips for robotics, drones BENGALURU: SiMa.ai, a US-India AI platform company focused on physical AI, has raised $150 million at a $1.4 billion valuation. The funding brings its total capital raised to $500 million as the company prepares to scale its next-generation AI silicon for robotics, drones...

To avert listing, Noel submits Tata Sons revamp plan to RBI

TazaPulseSeptember 29, 2026

Internal dispute has also affected Tata Sons’ leadership MUMBAI: Weeks after Reserve Bank of India directed Tata Sons to comply with upper-layer NBFC-CIC norms, Tata Trusts chairman Noel Tata has proposed merging two subsidiaries, Tata Electronics Systems (TES) and Tata Consulting Engineers (TCE), with the 109-year-old holding company to take it outside the RBI’s regulatory...

Growpital told to shut down by regulator

TazaPulseSeptember 29, 2026

Sebi orders Growpital to shut down MUMBAI: Markets regulator Sebi has ordered Growpital Platform, an unauthorised collective investment scheme (CIS) that had mobilised about Rs 192 crore to invest in agricultural farms for tax-free returns to investors, to wind up and return investors’ money along with 12% interest. Twenty eight entities associated with Growpital have...

IIP growth surges to 8% in August

TazaPulseSeptember 29, 2026

IIP surges 8% in August, nearly doubles year-ago growth on manufacturing, power boost NEW DELHI: Industrial production rose 8% in Aug as against 4.7% expansion recorded a year ago, on account of robust growth in manufacturing and electricity sectors.Sequentially also, industrial production witnessed acceleration from an upward revised figure of 7.4% in July, latest data...

Piyush Goyal to hold talks for trade deal with US

TazaPulseSeptember 29, 2026

Piyush Goyal to meet US counterparts on trade deal during G20 visit NEW DELHI: Commerce and industry minister Piyush Goyal, who will visit the US for the meeting of G20 trade ministers, will meet his American counterparts to discuss the bilateral trade deal.The two sides have been engaged on the issue but a final outcome...

gold prices tumble as crude surge stronger dollar fuel rate cut worries

Gold hits 7-week low as oil surge fuels rate hike bets

TazaPulseSeptember 29, 2026

Gold tumbles as crude nears $100, stronger dollar clouds Fed rate-cut hopes Spot gold was down 3.8% at $4,121.6 per ounce, after falling to $4,110.5, its lowest since Aug 5. US gold futures fell 3.9% to $4,153.7. “We’ve got crude oil prices sharply higher. And that suggests still more problematic price inflation, which suggests a...

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Boeing 737 Max 10 certification delayed by software issue

TazaPulseSeptember 29, 2026

The head of the Federal Aviation Administration said a software problem will delay its certification of the Boeing 737 Max 10 as the agency assesses whether it poses a safety issue, a potential setback for the manufacturer as it seeks to complete government approval of its best-selling family of aircraft. Boeing had expected to receive...

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Bob Chapek on Disney Bob Iger power battle: Raised concerns weekly

TazaPulseSeptember 28, 2026

Former Disney CEO Bob Chapek said Monday he voiced concerns about then-Executive Chairman Bob Iger to the company’s board “weekly” during his brief tenure as head of the House of Mouse. Chapek has remained tight-lipped about his firing from the media giant nearly four years ago, but opened up about his experience in a new...

Tata Trusts propose merging 2 firms with Tata Sons to avoid RBI listing mandate

TazaPulseSeptember 28, 2026

Internal dispute has also affected Tata Sons’ leadership, with Noel Tata opposing the board to give chairman N Chandrasekaran another five-year term. NEW DELHI: Tata Trusts, which hold a 66 per cent stake in Tata Sons, have proposed merging two operating companies with the Tata Group’s holding company in a move aimed at taking Tata...

IEX subsidiary seeks licence to set up coal trading exchange in India

TazaPulseSeptember 28, 2026

IEX subsidiary seeks licence to launch India’s first organised coal trading exchange NEW DELHI: Indian Energy Exchange’s (IEX) subsidiary, Indian Coal Exchange, has applied to the coal controller organisation (CCO) for a licence to operate a coal exchange in India.Once the licence is granted, Indian Coal Exchange will operate as a physical delivery-based coal trading...