RAI Financial News

CoreWeave said on Tuesday that it is acquiring AI developer platform Weights & Biases as the company seeks to extend its cloud platform ahead of its IPO. The deal will combine CoreWeave's infrastructure and managed cloud services with Weights & Biases' platform, which is used for AI model training, evaluation, and monitoring, the company said. Weights & Biases's product is used by technology companies including OpenAI and Meta to build and train AI models and develop and deploy AI applications.

Indian Railway Finance Corporation (IRFC), a key financial institution under the Ministry of Railways, becomes India's third-largest government NBFC. Earlier this week IRFC has been awarded the prestigious Navratna status by the Government of India. IRFC has played a key role in funding nearly 80 per cent of Indian Railways' rolling stock and was the first CPSE to issue a 30-year tenor bond in overseas markets.

Donald Trump has set April 2 as the date for implementing reciprocal tariffs on a range of imports from several major trading partners. The tariffs, he said, are a response to what he considers unfair trade practices by countries like Canada, Mexico, China, the European Union, and India. This move is part of Trump’s broader agenda to reshape U.S. trade policies and create a more balanced global trading environment.

With a history of underperformance in major ICC events, both nations are eager to shed that label and make a significant impact in the tournament. The South African team, captained by Temba Bavuma, boasts a lineup filled with explosive talent. Key players to watch include the in-form Ryan Rickelton, who recently scored a century, and the experienced batters Rassie van der Dussen and David Miller. Their bowling attack features the pace of Kagiso Rabada and Lungi Ngidi, complemented by the spin of Keshav Maharaj, giving them a slight edge in terms of variety.

Ashutosh Gowariker's son, Konark Gowariker, and Niyati Kanakia got married on March 2 in Mumbai and was attended by the who’s who of Bollywood. From Shah Rukh Khan, Aamir Khan, AR Rahman to Maharashtra Navnirman Sena (MNS) Chief Raj Thackeray, Uddhav Thackeray, Sonali Bendre and others. However, what grabbed everyone’s attention was the presence of former Miss World twinning with her husband at the event. Aishwarya Rai and Abhishek Bachchan made a striking appearance together at Ashutosh Gowariker’s son’s wedding, effortlessly putting their rift rumors to rest. The couple turned heads in their twinning beige ensembles, exuding grace and charm as they attended the grand celebration.

Trump said in an address to the U.S. Congress that the pipeline would be one of the largest in the world. «Japan, South Korea and other nations want to be our partner, with investments of trillions of dollars each,» he said.

Donald Trump hailed the creation of Department of Government Efficiency, popularly referred to as "Doge," a new agency aimed at reducing government waste. Speaking at the US Capitol, Trump stressed that his administration is «ending the flagrant waste of taxpayer dollars» with the formation of the Elon Musk-led agency. Trump took a moment to spotlight his billionaire ally and tech entrepreneur Elon Musk, who was present in the audience wearing a sharp suit and a blue tie.

China said on Wednesday it would boost support for the application of artificial intelligence (AI) models and the development of venture capital investment, in a bid to foster more technology breakthroughs and become more self-reliant. The plans were included in a government document prepared for the annual meeting of the National People's Congress (NPC), China's rubber-stamp parliament. The country wants to foster «industries of the future» including biomanufacturing, quantum technology, embodied AI and 6G technology, the report said. To do so, China plans to explore new models for national laboratories as well as give strong support and «important responsibilities» to young scientists and engineers.

Donald Trump's much anticipated speech got underway on the wee hours of Wednesday and the 78-year-old Republican hailed the country's achievements in the last 40-odd-days and said that 'America is back'. «We have accomplished more in 43 days than most administrations accomplish in four years or eight years — and we are just getting started,» Trump said as chants of «USA, USA!» erupted from the lawmakers seated in the US Capitol. «The American Dream is surging — bigger and better than ever before. The American Dream is unstoppable, and our country is on the verge of a comeback the likes of which the world has never witnessed, and perhaps will never witness again.»

ChrysCapital has restarted discussions to acquire pan-India bakery chain Theobroma Foods at a significantly lower price than the original valuation ask of Rs 3,000 crore ($344 million) from the founding family and other shareholders, said people with knowledge of the matter. A formal agreement is expected in a month. Talks were stalled for about a month and a half due to Theobroma’s poor financial results but resumed recently, with the valuation pegged at about Rs 1,800 crore ($206 million), they said, adding that it was down from the `2,400-2,500 crore that most suitors were offering late last year.

Destiny 2’s Heresy Act 2 is set to launch soon. Bungie has shared key details about the release date, new weapons and seasonal activities.

Ben Cleveland has filed for divorce from Kaitlyn Terrell. The two of them tied the knot on July 21, 2022. This comes weeks after Cleveland was taken into custody by police on charges of driving under the influence, People magazine reported.

Virat overthrew Ponting for the elusive feat during the high-stakes Champions Trophy semi-final clash between cricket behemoths India and Australia in Dubai on Wednesday.

The first leg of the knock-out leg is taking place at Santiago Bernabeu in Tuesday, February 4. Real Madrid versus Atletico Madrid UEFA Champions League match is scheduled to kick off at 3 pm (ET).

She had married Satish Chandra six months ago after a two-year relationship. Devika's family has accused Satish of harassing her for additional dowry, specifically demanding that her family-owned flat in Nizampet and a land parcel be transferred into his name. The Raidurgam police registered a dowry harassment case against Satish and launched an investigation.

global health programmes but vowed to find a way to keep delivering to those in need. The United Nations health agency said it was still too early to determine the full impact of the freeze on foreign aid spending by the United States — traditionally the world's largest aid donor. But WHO spokeswoman Margaret Harris admitted that some programmes had clearly been affected, including the global measles surveillance network, which had been 100-percent funded by the United States.

Finance Minister Nirmala Sitharaman on Tuesday said the government remains steadfast in reducing regulatory burdens, besides enhancing trust-based governance and taking steps to make India a «seamless, export-friendly» economy. A robust manufacturing sector free from unnecessary regulatory bottlenecks will further attract both domestic and foreign investments, driving economic growth, positioning India as a trusted global player, Sitharaman said while addressing a post-budget webinar on 'MSMEs as engine of growth, manufacturing, exports, regulatory, investment and EoDB Reforms'. «Our government remains steadfast in reducing regulatory burdens and enhancing trust-based governance to improve the ease of doing business. Through the budget announcements, we are taking various steps towards making India a seamless, export-friendly economy, one where businesses are free to focus on innovation and expansion, and not paperwork and penalties,» Sitharaman said.

Reliance Industries electric vehicle battery-making unit has asked the federal government for more time to set up its manufacturing plant as part of a production-linked incentive scheme, the Mukesh Ambani-led conglomerate said on Tuesday. The conglomerate did not specify the length of the extension sought or the reason for the delay. In March 2022, Reliance secured incentives under the government's production-linked incentive (PLI) scheme to establish 5 gigawatts (GW) of local manufacturing capacity for advanced chemistry cells (ACCs).

Cityflo, a commute service firm, said it is entering Delhi to cater to the daily transit needs of corporate professionals. Founded in 2015 by IIT Bombay alumni Jerin Venad, Rushabh Shah, Ankit Agrawal, and Sankalp Kelshikar, Cityflo aims to provide an alternative commuting solution. The company has served over 2.5 million corporate professionals in Mumbai and Hyderabad. «Delhi's commuters are facing challenges with unreliable schedules and subpar vehicle conditions, even from global mobility players. We are here to change that narrative. Our commitment is to provide a dependable, comfortable, and seamless travel experience that professionals can count on every day,” said Jerin Venad, Co-founder and CEO, Cityflo.

Chief Minister Omar Abdullah said on Tuesday. The JK Services Selection Board (JKSSB) and JK Public Service Commission (JKPSC) have been tasked with fulfilling 3,727 vacancies since the formation of the government on October 16, last year, he told the Assembly. Chief Minister Abdullah, who is also in charge of the General Administration Department, said this in reply to a question raised by Peoples Conference MLA Sajad Gani Lone. Lone had sought information about the total number of vacancies in various departments in Jammu and Kashmir as of January 31 and those referred to the two government recruiting agencies after the formation of the National Conference-led dispensation.

Mohammad Rizwan as their T20 captain Tuesday but he will still lead the one-day side on the tour of New Zealand despite their failed Champions Trophy campaign. All-rounder Salman Agha will skipper the tourists in the five-match T20 series which starts in Christchurch on March 16. Three ODIs will follow. Hosts Pakistan are reeling after the defence of their Champions Trophy crown ended after two straight defeats. Their last match against Bangladesh was washed out.