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News and analysis from the world of business and finance.

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The regulatory crackdown on #China's #tech firms gained momentum after the shelving of #Alibaba affiliate #AntGroup's $37 billion #IPO in November 2020.

Read here: https://www.livemint.com/market/beijings-regulatory-crackdown-wipes-1-1-trln-off-chinese-big-tech-11689154448628.html
In February 2022, #Razorpay had acquired a majority stake in #KualaLumpur-based #fintech Curlec at a valuation of $20 million with an aim to fuel its global expansion plans.



Read here: https://www.livemint.com/companies/news/razorpay-launches-first-international-payment-gateway-in-malaysia-through-curlec-11689161875110.html
#India's #CPI #inflation rises for the first time in five months to 4.81% in June 2023. Also, the rise in inflation is higher than the street's expectations.

Read here: https://www.livemint.com/news/india/cpi-inflation-rises-higher-than-estimates-to-4-81-in-june-2023-food-inflation-jumps-449-11689163917567.html
#ElonMusk announces the formation of xAI, an alternative to #ChatGPT, with a goal to understand the true nature of the universe.

The team includes executives from #Google's #DeepMind, #Microsoft and #Tesla, along with academics from the #UniversityOfToronto.

Read here: https://www.livemint.com/news/world/elon-musk-announces-new-company-xai-set-to-build-chatgpt-alternative-11689178734707.html
#PersonalFinance | Retrieving unclaimed amount across financial assets has become a challenge. Help is available for claiming shares/dividends/MFs/bank deposits. Insurance industry needs a leg up.

Read here: https://livemint.com/money/personal-finance/unclaimed-assets-worth-crores-the-hidden-fortune-that-could-be-yours-11689182412097.html