NSE IPO Filing Sets Stage For One Of India’s Biggest Stock Market Debuts The National Stock Exchange of India (NSE) has filed draft papers for its long-awaited stock market listing, paving the way for one of the country’s largest initial public offerings this year. The offering is expected to rank alongside the planned listing of Reliance Jio Platforms, which is also preparing for a major market debut. Based on its share price in private markets, NSE’s IPO could be valued at around $3.3 billion. The issue will be structured entirely as an offer for sale, with existing shareholders selling 6%…
Author: Kanika Sharma
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Maurice Lévy Urges Europe To Launch €100 Billion AI Fund Publicis chairman Maurice Lévy has called on France and Germany to spearhead the creation of a pan-European artificial intelligence investment fund, arguing that European businesses remain overly dependent on American AI providers that can restrict access to advanced models without warning. Speaking at the VivaTech conference in Paris, Lévy said Europe should establish a €100 billion ($115 billion) fund dedicated to supporting artificial intelligence development across the continent. He presented the proposal as a strategic response to concerns about Europe’s reliance on foreign technology providers. According to Lévy, recent disruptions…
Europe’s AI Sovereignty Drive Takes Centre Stage At G7 And VivaTech Europe’s pursuit of technological sovereignty is set to dominate discussions at the G7 summit in France and the VivaTech conference in Paris this week. Policymakers and technology leaders are increasingly concerned about the region’s dependence on American artificial intelligence, while viable alternatives remain limited. The timing is significant. Days before the events, the United States tightened restrictions on Anthropic’s most advanced AI models for foreign nationals. As a result, concerns have intensified across Europe about the risks of relying heavily on foreign-controlled technologies during the race to develop domestic…
France Replaces Palantir With Domestic AI Provider ChapsVision France has decided to end its contract with U.S. technology company Palantir and replace it with French firm ChapsVision, marking a significant step in the country’s efforts to strengthen digital sovereignty and reduce dependence on foreign technology providers. The decision was announced by Prime Minister Sebastien Lecornu, who said France’s domestic intelligence agency, the DGSI, would transition away from Palantir’s services in favour of a home-grown alternative. Push For Technological Sovereignty Lecornu said France must develop and rely on its own artificial intelligence capabilities rather than become dependent on technologies controlled by…
Microsoft Faces Shareholder Lawsuit Over Azure Growth And AI Spending Disclosures Microsoft has been sued by shareholders who allege the company misled investors by failing to disclose slowing growth in its Azure cloud business and the scale of spending required for artificial intelligence infrastructure. The proposed class-action lawsuit was filed on Friday in a federal court in Seattle. The case is being led by the City of St. Clair Shores Police and Fire Retirement System in Michigan, which claims Microsoft inflated its share price by withholding material information from investors. The legal action follows a sharp decline in Microsoft’s stock…
Russians Turn To VPNs And Multiple Devices As Internet Restrictions Tighten In a café known for its free Wi-Fi and strong coffee, a Russian interior designer connects to a virtual private network (VPN) to access WhatsApp and communicate with friends abroad. Moments later, she disconnects the VPN to purchase a railway ticket because certain Russian websites block users who conceal their location. She then switches to a second phone to check messages on MAX, a state-backed messaging platform. Her routine reflects a growing reality for many Russians as internet restrictions intensify across the country. Since authorities expanded online controls this…
Britain And Japan Agree £18 Billion Investment And Technology Partnership Britain and Japan are set to strengthen economic and technological cooperation through a series of agreements worth more than £18 billion. The package is expected to support tens of thousands of jobs as British Prime Minister Keir Starmer meets Japanese Prime Minister Sanae Takaichi on Sunday. The agreements reflect growing collaboration between the two countries across investment, infrastructure, clean energy, advanced technology and industrial development. They are also expected to reinforce long-term economic ties ahead of wider international discussions at the G7 summit in France. Major Investment Commitments Announced A…
Foreign Investors Trim Japanese Equity Holdings Amid Tech Sector Concerns Overseas investors sold Japanese equities for a second consecutive week through June 6, as concerns over elevated technology stock valuations and broader global market uncertainties prompted profit-taking. The latest outflows came after weaker-than-expected earnings from Broadcom raised questions about the sustainability of the technology-driven rally that has fuelled gains in global markets. Investor sentiment was also affected by a stronger-than-expected United States jobs report, which reinforced expectations that the Federal Reserve could maintain higher interest rates for longer. At the same time, escalating tensions in the Middle East added to…
EU Strengthens ETS2 Price Controls Ahead Of 2028 Launch The European Union has agreed to strengthen safeguards designed to control prices in its upcoming carbon market for heating and transport fuels. The move follows concerns from several member states that the emissions-cutting mechanism could lead to higher fuel costs for consumers and fuel opposition to climate policies. Negotiators representing EU countries and the European Parliament reached the agreement on Wednesday evening. The revised measures aim to provide greater market stability while maintaining the bloc’s long-term emissions reduction objectives. Stronger Market Stability Measures Under the agreement, additional carbon permits will be…
U.S. Tariffs On Semiconductors Not Imminent As Government Focuses On Reshoring The United States is not expected to impose new semiconductor tariffs immediately, according to U.S. Trade Representative Jamieson Greer. However, he stressed that tariff protections remain an important tool for strengthening domestic chip manufacturing and encouraging the return of semiconductor production to the country. Speaking at a memory chip plant expansion project operated by Micron Technology in the suburbs of Washington, D.C., Greer said any measures resulting from the government’s Section 232 national security investigation must be carefully implemented. He noted that the timing and scale of tariffs would…