India’s first pure-play AI IPO comes at a 26% discount. But behind the 70x multiple lie sticky global clients, volatile margins, and a founder-led model where one misstep could change the story. Is scarcity enough? Source
The proposed initiative follows earlier US-led efforts such as the 2022 Mineral Security Partnership and the more recent Quad Critical Minerals Initiative. Together, these pacts reflect a growing effort by Washington and its allies to align technology, critical minerals and geopolitics, as competition with China intensifies. mint explains what Pax Silica is and why it…
