Cohere, an artificial intelligence startup that develops foundation models to compete with ChatGPT creator OpenAI, is in advanced talks to raise $500 million at a valuation of about $5 billion, according to a person familiar with the matter. The Toronto-based company has seen its annualized revenue run rate grow to $22 million this month from $13 million in December.

Despite the mad rally in the smallcap universe, there are a handful of stocks that failed to make it to the list of FY24 blockbusters on Dalal Street. As many as 70 smallcap stocks saw a double-digit fall of up to 81% in the current financial year, which is drawing to a close. Of these, 30 stocks have lost more than 20% this year.

The Enforcement Directorate on Thursday carried out searches against AIADMK leader and former Tamil Nadu minister C Vijayabaskar apart from a Chennai-based real estate group as part of separate money laundering investigations, official sources said. About 25 premises are being covered by the central agency as part of the two cases, the sources said.

Shares of Jupiter Wagons rallied 4 percent in the opening trade on March 21 after the company completed the acquisition of Bonatrans India Private Limited (BIPL) for Rs 271 crore through a share purchase agreement with its existing shareholders. The deal has made Bonatrans India a subsidiary of Jupiter Wagons. BIPL, based in Chhatrapati Sambhajinagar (Aurangabad), Maharashtra.

Buy or sell stocks: After showing a sharp downside breakout on Tuesday, the Indian stock market shifted into a consolidation movement amidst volatility on Wednesday. 📌SBI: Buy at ₹736, target ₹770, stop loss ₹720; 📌Colgate Palmolive: Buy at ₹2664, target ₹2780, stop loss ₹2600; and 📌 Delhivery: Buy at ₹463.50, target ₹485, stop loss ₹454.

NSE BSE Holiday: Indian equity markets are set to remain shut for multiple days towards the end of March due to festivals and holidays, apart from the regular weekend breaks. The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will not conduct trading activities on March 25 on account of Holi, and March 29 for Good Friday. Segments to Remain ClosedAcross both these leading bourses.

Are you holding any Employees’ Provident Fund (EPF) account where there is no transaction other than credit of interest every year? Or your PF account has been classified as an inoperative account (IO)? If so, then you will need to acquaint yourself with certain changes that the Employees’ Provident Fund Organisation (EPFO) has mandated to govern such accounts.

Higher returns on treasury bills (T-Bill) over the last one year has attracted primary dealers (PD) towards these securities. This has resulted in a 40 percent on-year rise in their investments in 91-day and 24 percent in 182-day T-bills, according to the Reserve Bank of India's (RBI) March bulletin data. In absolute terms, PD investment rose to Rs 25,383 crore as on January 26, 2024.

Vikas Lifecare Ltd (VLL) informed that the company's Board of Directors approved the conversion of 3,50,00,000 warrants into the same number of equity shares at Rs 4 each (including a Rs 3 premium). This follows the allotment of warrants communicated earlier on March 2, 2024. The conversion is offered to both promoters and non-promoters upon receipt of the remaining Rs 3 per warrant.

Manish Lalwani-promoted Omkara ARC has acquired Park Hyatt Hyderabad's loans for ₹300 crore from lenders at a 34% discount from sellers that included BlackRock and JM Financial. The all-cash deal involved Omkara paying ₹300 crore to buy the ₹450 crore principal outstanding of Park Hyatt in Hyderabad, a 5-star luxury hotel consisting of more than 200 rooms.

After Fed chair Jerome Powell kept hopes alive for interest rate cut in June, Sensex rallied by 560 points and Nifty jumped 0.8% on Wednesday as buying was seen across all sectors.The market capitalisation of all listed companies on BSE increased by Rs 4.32 lakh crore to Rs 378.44 lakh crore.Fed Chair Jerome Powell said that recent hot inflation readings had not changed the underlying story.

The Special Window for Affordable & Mid-Income Housing (SWAMIH) fund has approved approximately Rs 340 crore to complete a stalled real estate project by the Vatika group in Gurgaon, three people familiar with the development told ET. The project, spanning 14 acres, boasts a saleable area of 1.4 million square feet. They were initiated nearly a decade ago.

The bankrupt parent company of Silicon Valley Bank plans to sell its entire stake in Indian subsidiary SVB Global Services India to lender First Citizens Bancshares, it said in a filing on Wednesday.SVB Financial Group is currently seeking approval from a bankruptcy court, with a hearing scheduled for April 9. The company anticipates that the transaction will close after this hearing.

The city consumer court on Wednesday pulled up an apartment builder, who had allegedly failed to provide covered car parking space to a flat that had been purchased from the landowner’s share, not put in place a sewage treatment plant and rainwater harvesting facility, and not provided a BWSSB connection at the property located in Vasantha Vallabha Nagar.

NOIDA: The developer constructing a cricket stadium and the Sports City in Sector 152 has informed the Allahabad High Court that the Noida Authority has not complied with its April 2023 order to allot 25 acres of land earmarked for the project. The developer also informed the HC that the UP govt, a respondent in the case, has “simply copied the version of the Noida Authority".