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Alphabet Raises $45 Billion for AI Compute, Berkshire Hathaway Invests $10 Billion
Alphabet CEO Sundar Pichai announced a $45 billion equity offering, oversubscribed with Berkshire Hathaway investing $10 billion, to fund AI compute build-out. The company plans to raise an additional $40 billion via an at-the-market program, bringing the total to $85 billion.
Vedanta's iron ore and steel business cuts carbon emissions by 2.5 million tonnes
Vedanta Iron And Steel Ltd (VISL) has reduced, avoided, or sequestered nearly 2.5 million tonnes of carbon emissions over five years through sustainability initiatives. These include electric vehicles, sustainable logistics, waste heat recovery power, and extensive tree plantation drives.
India's Money Markets See Record Activity Amid Strong Credit Demand
India's money markets hit record turnover as state banks borrow heavily to meet booming credit demand, despite global energy concerns and challenges attracting deposits. Borrowing costs have risen, widening the credit-deposit gap.
Suzlon to Quadruple Renewable Energy Sales to 10 GW by FY31, Expand Assets to 70 GW
Suzlon Group plans to quadruple annual renewable energy sales to 10 GW and grow managed assets to 70 GW by FY31. The company will offer integrated wind, solar, and battery storage solutions, including a new battery manufacturing facility, and aims to secure 40% market share in India's wind sector.
Market Expert Dipan Mehta Urges Selective Investing Amidst AI Disruption
Market veteran Dipan Mehta advises investors to be selective, highlighting mid-cap IT firms like Coforge and Happiest Minds as outperformers. He notes challenges for large-cap IT due to AI disruption and suggests opportunities in engineering R&D, specialty chemicals, and real estate, while cautioning on aviation.
GitLab Lays Off 350 Employees, Exits 22 Countries Amid AI Shift
GitLab is laying off 350 employees (14% of workforce) and exiting 22 countries to focus on the AI-driven 'agentic era'. The company reported strong Q1 results, beating Wall Street estimates, and plans to reinvest savings into R&D, particularly its Duo Agent Platform.
