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Hindustan Times
5 days ago
- Business
- Hindustan Times
Indian-origin man offers over ₹3302152 crore to Google just to buy…
Perplexity AI, led by Indian-origin CEO Aravind Srinivas, has made an unsolicited $34.5 billion (over ₹3,02,152 crore) all-cash bid to acquire Google Chrome, according to a Reuters report. The offer is far above Perplexity's own valuation and marks the latest bold move from the three-year-old AI startup. Aravind Srinivas with Indian PM Narendra Modi.(Aravind Srinivas/Instagram) The company, which has raised around $1 billion from investors including Nvidia and SoftBank, was last valued at $14 billion. It claims multiple funds have offered to finance the deal in full, though no names were disclosed. Mobile finder: iPhone 17 Air expected to debut next month The bid comes amid regulatory pressure on Google, with the US Justice Department seeking remedies to address what a court ruled was an unlawful monopoly in online search. One proposed measure includes forcing Google to divest Chrome. Google has said it plans to appeal and has not indicated any intention to sell the browser. Analysts expect a legal process, if initiated, could take years and may reach the Supreme Court. Perplexity's proposal pledges to: -Keep Chrome's underlying Chromium code open-source -Invest $3 billion over two years in the browser -Retain Chrome's default search engine settings The company says its plan would 'preserve user choice' and reduce competition concerns. Rivals such as OpenAI, Yahoo, and Apollo Global Management have also shown interest in Chrome, while DuckDuckGo's CEO has estimated its potential forced-sale value at no less than $50 billion. Founded in 2022 by Aravind Srinivas along with Denis Yarats, Johnny Ho, and Andy Konwinski, Perplexity has grown rapidly with its conversational AI search engine, which delivers cited answers in real time. The company recently launched Comet, its own AI-powered browser, and says acquiring Chrome would allow it to access over three billion users worldwide — significantly boosting its ability to compete with OpenAI and others in the AI-driven search space. Srinivas, a Chennai-born IIT Madras graduate, previously worked at Google and interned under deep learning pioneer Yoshua Bengio before launching Perplexity in San Francisco. Under his leadership, the startup has expanded globally, including a partnership with Bharti Airtel in May 2025 that gave 360 million Indian users free access to Perplexity Pro. Despite the high-profile bid, industry experts remain sceptical that Google would part with Chrome, which plays a central role in its AI strategy, including the rollout of AI-generated search summaries under the 'Overviews' feature.
Hindustan Times
10-08-2025
- Politics
- Hindustan Times
PM Modi flags off 3 Vande Bharat trains in Bengaluru, metro's yellow line next
Prime Minister Narendra Modi flagged off three Vande Bharat Express trains at KSR Railway Station in Bengaluru on Sunday, and will shortly launch the much-awaited Yellow Line of the Bengaluru Metro. Security personnel with the K9 squad checks a Vande Bharat Express train ahead of its inauguration by Prime Minister Narendra Modi.(PTI) The flagged off Vande Bharat trains will operate from Bengaluru to Belagavi, Amritsar to Sri Mata Vaishno Devi Katra and Nagpur (Ajni) to Pune.
Hindustan Times
08-08-2025
- Business
- Hindustan Times
India refutes reports of pause in defence talks with US amid tariff dispute
Amid the ongoing tariff tussle between New Delhi and Washington, India on Friday firmly denied media reports suggesting that India has paused discussions with the United States regarding defence procurements. US President Donald Trump and Indian Prime Minister Narendra Modi.(REUTERS) 'The news reports on India pausing the talks related to defence purchases with the US are false and fabricated. It is clarified that the various cases of procurement are being progressed as per the extant procedures,' the Ministry of Defence said.
India Today
06-08-2025
- Politics
- India Today
India's indigenous guns to perform 21-gun salute on Independence Day
This year's traditional Independence Day 21-gun salute is set to feature the Indian-made 105mm light field gun, which recently proved its mettle during Operation Sindoor. The 21-gun salute is a traditional military ceremony that is performed every August 15 to honour year this ceremony will showcase the might of the indigenous 105mm light field guns. These indigenously made weapons have replaced the British pounder guns that were earlier used for the gun is also the first indigenous gun with a range of 17.2 kilometres and can fire up to six rounds per minute. It was first developed by the Ordinance Factory Board in 1982 and, since, various versions of the gun have been deployed on the borders of the country. The 105mm light field gun is an upgraded version of the previously used Indian field gun and weighs approximately 1000 kilograms less than its significant aspect of this year's Independence Day is that it will mark 100 days of the success of Operation Sindoor, which targeted and lethally attacked numerous terror camps and airbases based in Pakistan. The operation underscored the lethality of Indian weapons, including the artillery guns that were deployed along the western August 15, eight light field guns will fire 21 shots in 52 seconds to the melody of the national anthem, while the national flag is unfurled at the Red Fort by PM Narendra Modi.- EndsTune InMust Watch IN THIS STORY#India-Pakistan#Operation Sindoor#Narendra Modi
Economic Times
31-07-2025
- Business
- Economic Times
Cabinet approves Rs 1,920 crore extra budget allocation for PMKSY scheme
Synopsis The Union Cabinet has increased the budgetary outlay for the Pradhan Mantri Kisan Sampada Yojana (PMKSY) by ₹1,920 crore, bringing the total to ₹6,520 crore, aiming to boost the food processing sector. These enhanced funds will support the establishment of 50 multi-product food irradiation units and 100 food testing labs. iStock Image for representation The Union Cabinet on Thursday raised budgetary outlay for the flagship scheme Pradhan Mantri Kisan Sampada Yojana (PMKSY) by Rs 1,920 crore to Rs 6,520 crore to boost the food processing enhanced funds, to be provided this fiscal, will be utilised for 50 multi-product food irradiation units and 100 food testing labs. The decision in this regard was taken in the meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi."The outlay of PMKSY has been increased to Rs 6,520 crore," I&B Minister Ashwini Vaishnaw told reporters after cabinet launched in 2017, was extended for one more year till the end of the current 2025-26 fiscal with an allocation of Rs 4,600 crore. Now, the Cabinet has decided to enhance the allocation by Rs 1,920 crore to implement the budget announcement for the food processing sector.
