Qualcomm to acquire UK's Alphawave for $2.4 billion
US chipmaker
Qualcomm
on Monday agreed to acquire British
semiconductor
company
Alphawave
for about $2.4 billion.
Discover the stories of your interest
Blockchain
5 Stories
Cyber-safety
7 Stories
Fintech
9 Stories
E-comm
9 Stories
ML
8 Stories
Edtech
6 Stories
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
Goa police's ‘radical content analyser' to curb extremist blitz
Panaji: Goa police on Tuesday started monitoring online and offline content using the 'radical content analyser' to tackle extremist propaganda. Videos lasting up to 25 minutes will be subject to such monitoring too. Chief minister Pramod Sawant said that Union home minister Amit Shah wants the radical content analyser, developed in Goa, to be used across the country. Goa police, in collaboration with BITS Pilani Goa, developed two AI-based policing tools — Spot the Scam (online fraud detection), and the radical content analyser. Sawant launched the AI-based policing tools. Sawant said that when Goa police gave a presentation to Shah, he was impressed and said that such AI policing tools should be used nationwide. The CM said that technology tools used for policing will help Goa police maintain law and order. Sawant noted that criminals are using advanced tools to commit crimes, and it is necessary to deploy sophisticated tools to crack the cases. The radical content analyser has the capability to monitor radicalisation content — both online and offline. Apart from Spot the Scam and the radical content analyser, Goa police have started using several other electronic tools such as Cyber Yoddha, AI-ML (Artificial Intelligence and Machine Learning) Lab, QuickPass, and TRACK (Traffic Response and Congestion Control Centre). by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo Other policing tools include the tenant-domestic help verification app, the cloud-based 1930 cybercrime helpline centre, and the QR code-based public feedback system. These tools help police improve their operational capabilities and connect with people. The radical content analyser was conceived during Hackathon 2024, organised by Goa police, to counter online radicalisation and prevent extremist propaganda on the recommendation emerging from the DG/IG conference, 2023. An MoU with BITS Pilani Goa was signed to develop the tool. A police officer said that the QR-based initiative of Goa police aims to enhance traffic-rules compliance and reduce inconvenience to road users through technology-driven enforcement. This was developed by students of Padre Conceicao College of Engineering during Hackathon 2024. A cloud call centre for the 1930 cybercrime helpline is being developed at the AI-ML Lab. It is a cloud-based call-handling system for the cybercrime helpline to handle calls from citizens. 'It allows the handling of large volumes of calls, real-time monitoring, and call conferencing during a cyber distress call,' police said.
Time of India
2 hours ago
- Time of India
Chinese beauty brands explore foreign M&A to spur growth
HighlightsProya Cosmetics aims to join the ranks of the top ten global beauty brands within the next decade, targeting annual revenue of at least 50 billion yuan ($7 billion) through acquisitions of established European brands. Chinese beauty companies such as S'Young and Ushopal are actively pursuing international acquisitions, having already expanded their portfolios with well-known foreign skincare and fragrance brands. Experts warn that while global acquisitions can diversify revenue streams for Chinese beauty firms, challenges remain in successfully managing and localizing foreign brands after acquisition. Some of China's top beauty brands such as Proya and S'Young are exploring acquisitions of smaller foreign rivals to expand their portfolios and replicate the success of global leaders like L'Oreal or Estee Lauder amid slowing growth at home. While still relatively unknown internationally, these Chinese brands have found significant domestic success, even capturing market share from global players. But a prolonged property crisis and concerns about wage growth and employment security have dampened consumer spending in China - posing new challenges to their continued growth. Proya Cosmetics ' founder, Hou Juncheng, said last month that the company's 10-year plan aims to position the firm among the top ten globally, a goal that would require an annual revenue of at least 50 billion yuan ($7 billion). To do so, the Hangzhou-based Proya plans "to acquire some European brands with history and technology", local media reports cited Hou as telling shareholders at a meeting. Proya, which specialises in science-backed skincare at mass market price points, became the first Chinese beauty player to surpass 10 billion yuan in annual revenue in 2024. In comparison, Japan's Shiseido, currently ranked tenth globally, raked in $6.9 billion and market leader L'Oreal generated over $45 billion in revenue last year. S'Young and Ushopal , two prominent Chinese beauty groups, have already made strides in international acquisitions. S'Young owns French skincare brand Evidens de Beaute and U.S.-brand ReVive, while Ushopal added French brand Payot to a portfolio that includes British skincare label ARgENTUM and French fragrance Juliette has a gun. William Lau, a partner at Ushopal, said the company plans to acquire one to two new brands annually. Analysts say buying foreign brands can help Chinese beauty firms diversify revenue streams and reduce reliance on the domestic market, but they also note that some similar efforts by Chinese fashion groups had missed expectations in the past. The beauty and personal care market is projected to generate a revenue of $677.19 billion globally in 2025, versus $41.78 billion in China, German data provider Statista estimates. Chinese brands are likely to target premium-positioned European skincare, fragrance or haircare brands with valuations under $500 million, said Gregoire Grandchamp, co-founder of Next Beauty China, who has advised Chinese groups on global deals. "In coming years, there will be a big Chinese company that will be the Chinese L'Oreal, Estee Lauder, Shiseido, or Amorepacific," Grandchamp predicted. GLOBAL M&A 'VERY DIFFICULT' Acquisitions have long been a growth strategy for beauty giants. L'Oreal's $2.5 billion purchase of Australian brand Aesop in 2023 added a premium, natural cosmetics brand to its portfolio, while Estee Lauder's $2.8 billion acquisition of Tom Ford in 2022 helped boost its array of high-end perfumes. Chinese beauty brands aim to borrow from this M&A playbook, but there are concerns about their ability to operate brands outside their home turf. In the fashion space, state-owned textile giant Ruyi once made headlines for snapping up foreign brands and touting its ambition to become "China's LVMH" only to see those international deals unwound by creditors in a few short years. But Ushopal's Lau says these challenges are not unique to Chinese groups, citing examples like Shiseido's buyout of Drunk Elephant to L'Oreal's purchase of some Chinese brands that struggled to meet expectations. "Global acquisitions are very difficult" in general and part of the problem is that companies often try to localise brands too quickly after a deal, he said. "One of the reasons you buy a brand is because it's an amazing brand, so if you then redo the entire DNA of the brand, what's the point of buying it?" he added. Mark Tanner, founder and managing director of Shanghai-based marketing and research agency China Skinny, said: "Opening doors to the Chinese market and capital injections, rather than a wholesale management takeover" are more likely to succeed.
New Indian Express
4 hours ago
- New Indian Express
ICICI Prudential AMC plans Rs 10,000-crore public issue
MUMBAI: The second largest asset management company in terms of managed assets, ICICI Prudential Asset Management Company, is planning a mega Rs 10,000-crore initial share sale that will purely be an offer by the foreign promoter. The company has roped in as many as 15 investment banks, including Citi, Goldman Sachs, Morgan Stanley and BofA Securities, a record in the IPO space. According to two sources, ICICI Securities and Citi were hired earlier this year for the deal and the 26-year-old company, in which the British financial powerhouse Prudential Plc owns 49%, recently mandated Goldman Sachs, Morgan Stanley, Kotak Mahindra Capital, BofA Securities, IIFL Capital, Nomura Securities, JM Financial, Motilal Oswal, Avendus Capital, Nuvama, BNP Paribas, CLSA Securities and SBI Capital. On the legal side, the company has roped in law firms Cyril Amarchand Mangadlas and Shardul Amarchand Mangaldas as legal advisors for the issue. In comparison, when Bharti Infratel went public in 2012, it had engaged 13 investment banks for the issue. As of March 2025, ICICI Prudential AMC had an AUM of Rs 9.15 trillion with over 1.1 crore investors across 133 schemes, while the market leader SBI Funds has around Rs 10.76 trillion in AUM. There are only three listed AMCs-- HDFC AMC, Nippon Life India AMC and UTI AMC. The largest fund house SBI Funds is not listed yet.
