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Get the appGetMarvell has agreed to acquire Lumentum in an all-stock deal valued at $115 billion. This acquisition aims to strengthen Marvell's position in the AI data-center market. The deal has attracted significant attention, with share prices of both companies reacting to the announcement. The agreement reflects Marvell's strategic push into AI technologies.
Investing.com·
SciencePhoto: Aaj TakCyclone Murasu made landfall near Ongole early Wednesday morning, bringing winds of 110 to 120 km/h and heavy rainfall to Andhra Pradesh's coastal areas. Storm surges of 1 to 1.5 meters height have raised flood risks in low-lying areas of Bapatla, Krishna, and Prakasam districts. The cyclone is expected to cause more intense rain for the next two hours.
Aaj Tak··Ongole
BusinessPhoto: Hindu BusinessDarius Khambata, outgoing Tata Trusts board member, stated that the reappointment of Chandra has damaged Tata Sons’ reputation and harmed the image of corporate India. He referred to the events of September 17, 2026, as a day that will live in infamy, emphasizing that no amount of spin can hide what occurred.
Hindu Business·
BusinessPhoto: MintKPMG India CEO Yezdi Nagporewalla emphasized the need for India to sustain its economic growth by diversifying trade and economic strengths amid geopolitical shifts. He pointed out opportunities in manufacturing, semiconductors, and data centres as key areas for development to enhance India's resilience in global trade and supply chains.
Mint·
TechnologyPhoto: NDTV WorldSupermarkets across Belgium, Estonia, Finland, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Sweden experienced refrigeration failures due to a cyberattack. The temperature rise overnight forced some retailers to discard food, impacting the supply chain and causing losses. Authorities are investigating the incident affecting multiple countries simultaneously.
NDTV World·
BusinessPhoto: Firstpost BusinessApple exceeded revenue and earnings expectations in its September quarter, led by strong iPhone and Mac sales. However, rising memory-chip costs and a slower forecast for services growth have caused investor concerns, leading to a drop in its share price despite the positive earnings report under new CEO John Ternus.
Firstpost Business·
Investing.com·
Marvell has agreed to acquire Lumentum in an all-stock deal valued at $115 billion. This acquisition aims to strengthen Marvell's position in the AI data-center market. The deal has attracted significant attention, with share prices of both companies reacting to the announcement. The agreement reflects Marvell's strategic push into AI technologies.
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