By LiveMint-India
Analysts will also be seeking clarity on any potential impact from the US government’s most favoured nation pricing norms, and on the company’s plans after getting regulatory approval to market semaglutide as a weight-loss drug in India earlier this month.
Apple did not disclose terms of the deal for Q.ai, which was backed by venture capital firms Matter Venture Partners, Kleiner Perkins, Spark Capital, Exor and GV, formerly known as Google Ventures. The deal valued the startup at about $1.6 billion, according to a source familiar with the matter.
Larger seed cheques, tougher competition and climbing valuations signal a shift in investor appetite for space startups.
L&T's IT units, LTIMindtree and LTTS, are projected to underperform, missing ambitious growth targets due to economic uncertainties, a merger, and leadership churn. Their growth has significantly lagged behind smaller competitors, affecting overall revenue expectations.
