All posts tagged: Acquisition

Bitcoin Price Rises Past ,000 as Whales, Institutions Continue Aggressive Acquisition

Bitcoin Price Rises Past $94,000 as Whales, Institutions Continue Aggressive Acquisition

Published by Webster

Bitcoin is currently trading at $94,200 (roughly Rs. 80.3 lakh) on international exchanges, amid aggressive acqusition by whales and institutions. The asset’s value rose by 7.80 percent over the past seven days, and saw a marginal 0.12 percent increase on global exchanges on Monday. On Indian exchanges, the Bitcoin price fell by 0.09 percent, and it is currently trading between $91,400 (roughly Rs. 78 lakh) and $94,1450 (roughly Rs. 80.3 lakh). The month of April was a challenging period for Bitcoin investors, when the asset fell to its lowest level (in 2025) to trade at $76,000 (roughly Rs. 64.8 lakh) owing to macroeconomic changes and the trade war between China and the US. “For now, BTC faces immediate resistance at $96,000 (roughly Rs. 81.9 lakh), while support remains at $90,500 (roughly Rs. 77.2 lakh). Glassnode data reveals a sharp rise in Whale accumulations, with wallets holding over 10,000 BTC increasing from 124,000 to 137,600 over the past month. This steady accumulation strengthens Bitcoin’s upward momentum,” Edul Patel, Co-founder and CEO of Mudrex told Gadgets 360. …

Farmer allegedly consumes poison during land acquisition protest in Channarayapatna

Farmer allegedly consumes poison during land acquisition protest in Channarayapatna

Published by Parlour News

A 55-year-old farmer, facing the loss of three acres of land to an industrial project at Channarayapatna in Devanahalli, allegedly consumed poison on Thursday during a protest against land acquisition. The farmer, identified as Venkatesh, was undergoing treatment at Victoria Hospital in Bengaluru. The protest, led by a group of farmers whose lands have been notified for acquisition under the third phase of an industrial project by the Karnataka Industrial Areas Development Board (KIADB), has been ongoing for over 1,000 days. The KIADB has notified 1,777 acres for acquisition. Since the notification was issued, farmers have been staging an indefinite sit-in, opposing the project. During the last Assembly elections, the protestors threatened to boycott the polls, prompting the government to promise to cancel the project, but it remained unfulfilled. On Thursday morning, when the farmers left the protest site intending to meet the district in-charge Minister K.H. Muniyappa at his residence in Sanjay Nagar, police intercepted and stopped two buses transporting over 100 farmers. Farmer leader Anjaneya Reddy, speaking to The Hindu, said that upon …

Mumbai-Based IT Training Firm Jetking to Raise Over Rs. 6 Crore to Fund Bitcoin Acquisition

Mumbai-Based IT Training Firm Jetking to Raise Over Rs. 6 Crore to Fund Bitcoin Acquisition

Published by Webster

Jetking, a Mumbai-based IT training firm, plans to expand its Bitcoin holdings in the coming months. Company CFO Siddharth Bharwani said Thursday Jetking would raise Rs. 6.6 crore by selling 4,28,622 equity shares in compliance with SEBI regulations. The development comes around three months after Jetking became the first publicly listed firm in India to adopt a pro-Bitcoin treasury policy in December 2024. The company aims to use Bitcoin’s high price value to elevate its financial value in the long term. Bharwani, in a post on X, said the company board had approved a “Strategic Fund Raise” plan, proceeds from which would primarily be used to acquire Bitcoin tokens. As part of the plan, each of the 4,28,622 equity shares that Jetking will offer, will be priced Rs. 154 (Rs. 10 face value and Rs. 144 premium). While the plan’s main objective is Bitcoin investment, some portion of the collection will also be utilised to initiate Bitcoin-related educational, training, and skill development programmes in India. Jetking board approves “Strategic Fund Raise” to turbo charge foray …

SoftBank Expands AI Portfolio with .5B Acquisition of Chip Startup Ampere

SoftBank Expands AI Portfolio with $6.5B Acquisition of Chip Startup Ampere

Published by Webster

Masayoshi Son, chairman and chief executive officer of SoftBank Group. Image: SoftBank YouTube SoftBank has announced plans to acquire the chip startup Ampere for $6.5 billion in an all-cash deal that “broadens its AI infrastructure investments.” For the last eight years, Ampere has been designing high-performance processors tailored for cloud computing, AI workloads, and data centres. Ampere’s lead investors, private equity firm Carlyle and IT giant Oracle, will sell their shares, which equate to 59.65% and 32.27% stakes in the company, respectively, according to SoftBank. The Japanese telco will retain Ampere as an independent subsidiary based in Santa Clara, once the deal closes in the second half of 2025. SEE: US Chip Export Rule Proposes Limits to Thwart Chinese GPUs More must-read AI coverage SoftBank’s goal of expanding its AI offerings and investments SoftBank has been aiming to bolster its AI offerings for a while; the company was reportedly considering acquiring a minority stake in Ampere in 2021, according to Bloomberg, but no deal materialized. In 2016, it acquired Arm Holdings, a semiconductor design company …

Defence council clears capital acquisition proposals worth over Rs 54,000 crore for Army, Navy, and Air Force

Defence council clears capital acquisition proposals worth over Rs 54,000 crore for Army, Navy, and Air Force

Published by Webster

Procurement of 1350 HP engines for T-90 tanks, Varunastra Torpedoes & Airborne Early Warning & Control Aircraft Systems gets the nod. The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, on Thursday (March 20),  approved eight capital acquisition proposals worth over Rs 54,000 crore. The decision includes procurement of advanced engines for T-90 tanks for the Army, Varunastra torpedoes for the Navy, and Airborne Early Warning and Control (AEW&C) systems for the Air Force. For the Indian Army, the council gave the nod for the procurement of a 1,350 HP Engine to upgrade the present 1,000 HP Engine for the T-90 Tanks. This will enhance the battlefield mobility of these tanks, especially in the high-altitude area by increasing the power-to-weight ratio.  Navy to receive Varunastra Torpedoes  For the Indian Navy, AoN for procurement of Varunastra Torpedoes (Combat) was accorded by DAC. Varunastra Torpedo is an indigenously developed ship-launched anti-submarine torpedo developed by the Naval Science & Technological Laboratory. Induction of additional quantities of this torpedo would enhance the Navy’s capability against adversaries’ submarine threats.  For …

IBM CompletesHashiCorp Acquisition for .4 Billion, Expanding Hybrid Cloud Offerings

IBM CompletesHashiCorp Acquisition for $6.4 Billion, Expanding Hybrid Cloud Offerings

Published by Webster

Image: nmann77/Adobe Stock IBM has finally completed its acquisition of San Francisco-based HashiCorp for $6.4 billion, 10 months after its announcement. The companies aim to address the growing complexity enterprises face in managing multicloud and hybrid cloud infrastructures, especially with the rise of AI-driven applications that constantly shift workloads and require rapid scaling. From today, HashiCorp’s automation tools, such as Terraform and Vault, are available with IBM’s hybrid cloud platform, allowing customers to automate infrastructure provisioning and security management across their systems. IBM said infrastructure provisioning from Terraform will enable a number of its products to run more smoothly in hybrid cloud environments. These include the Red Hat Ansible Automation Platform, which automates the configurations and middleware deployments of applications, and the development of IBM Z mainframe software. HashiCorp Vault, a password and encryption key management tool, can also be deployed across hybrid clouds with Red Hat’s container-based application platform OpenShift. HashiCorp will operate as a division of IBM Software rather than being brought into Red Hat, IBM’s open-source subsidiary it acquired for $34 billion …

AI Growth Outpaces Skills Acquisition in Australia

AI Growth Outpaces Skills Acquisition in Australia

Published by Webster

Research from Google and Accenture suggests that an increasing number of Australians and businesses are using artificial intelligence, which may not come as a surprise. However, there is a significant disparity in the number of employees who feel equipped to use AI, and what C-suite executives perceive that number to be. Google polled 1,000 Australians and found that 49% used generative AI in the last year, up from 38% in 2023. This rise is accompanied by a new level of optimism. The proportion of people who believe AI will benefit them increased by 6%, and the percentage who think it will change work for the better within five years rose by 7%. Accenture surveyed 790 C-suite executives and 687 non-C-suite level employees across five Asia Pacific countries, including Australia, for its Pulse of Change report. A whopping 87% of the leaders said they planned to boost their AI investment in 2025, and 91% believe their employees are able to use the technology efficiently. Employees feel differently, though: Only 70% feel prepared to make  the most …

eBay’s new acquisition could make it easy to buy a car from anywhere

eBay’s new acquisition could make it easy to buy a car from anywhere

Published by Webster

Caramel has a site and app that helps private parties and independent dealers sell cars by handling the paperwork, ownership transfer, financing, shipping, insurance, and more. The company has several marketplace and auction partners as well. Although eBay has hosted listings for used car sales and auctions on the site for years, it currently leaves it to the dealer to process payment and complete any paperwork. Fees such as titling charges are also handled through the seller, and you’d have to negotiate separately over things like dealer-installed accessories. Last month, online retail giant Amazon started its own “Autos” website for people to buy new vehicles from dealers (only Hyundai models to start). However, Amazon advertises that you can complete the transaction (including a vehicle trade-in) to completion and only need to pick up the car at the dealership. How eBay’s process will look is still to be determined. eBay says its agreement with Caramel was signed on January 11th, and the deal is expected to close in the first quarter of this year. Disclaimer: We …

IBM’s Acquisition of HashiCorp Investigated by UK Competition Authority

IBM’s Acquisition of HashiCorp Investigated by UK Competition Authority

Published by Webster

The U.K. government is investigating whether IBM’s acquisition of cloud infrastructure firm HashiCorp will result in a “substantial lessening of competition” within markets in the country. IBM announced its intention to buy HashiCorp for $6.4 billion in April 2024 to help it support its customers’ growing AI-related demands. HashiCorp provides hybrid and multi-cloud lifecycle management products, such as infrastructure as code tool Terraform, which facilitate building and running AI applications. HashiCorp will operate as a division of IBM Software rather than being brought into Red Hat, IBM’s open-source subsidiary. It said that the deal would help its products reach a larger audience. The Competition and Markets Authority notified the two companies of an upcoming Phase 1 probe on Aug. 1, 2024, and formally launched it on Dec. 30. It will have to make a preliminary decision on whether to carry out a full-scale investigation by Feb. 25 and relevant third-parties can submit comments up to Jan. 16. IBM declined to provide additional comment. TechRepublic has reached out to HashiCorp for a response. IBM-HashiCorp deal has …