Latest Business News and Updates: Bill Gates, Elon Musk, Mukesh Ambani, Gautam Adani, Gold and Silver Prices – July 30, 2024
The latest news in the world of business is the opening of the Akums Drugs and Pharma IPO for subscription. The price band for the IPO is set in the range of ₹646-679 per share. The company aims to raise around ₹1,857 crore through this IPO, which will close on August 1.
In other business news, there is speculation about whether AI will lead to job losses in India. Minister Mansukh Mandaviya stated that the Modi government’s initiatives have significantly reduced the unemployment rate in the country.
Apple has also made headlines by using Google’s chips to train two AI models, instead of Nvidia’s chips. This move by Apple showcases the collaboration between tech giants in the development of AI technology.
As the deadline for filing income tax returns approaches on July 31, there are discussions about the possibility of an extension. The Income Tax Department has issued an alert regarding the deadline, addressing concerns about a potential extension.
Additionally, Ola Electric has lowered its IPO price, with CEO Bhavish Aggarwal citing reasons for the adjustment. The IPO, valued at ₹6,146 crore, is now at a 25% discount to the company’s previous valuation of $5.4 billion.
Furthermore, Blackstone is in talks to acquire a 51% stake in Haldiram’s for ₹40,000 crore, resolving issues to gain control of the popular snack brand’s product business.
Lastly, Rapido has become a unicorn with $120 million in fresh funding from WestBridge, solidifying its position in the competitive ride-hailing market alongside players like Ola, Uber, and Namma Yatri.
Stay tuned for more updates on these and other business developments as we bring you the latest news from the world of business.
