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Google IPO seeks $2.7 billion
MUMBAI: Putting an end to months of speculation, Internet search leader Google has launched its initial public offering (IPO), seeking to raise $2.7 billion.
The IPO was launched through an unusual auction-style offering in order to give the founders rare control over the company.
The registration filing with the US Securities and Exchange Commission offers an estimate of what the company believes it may be able to raise with its IPO. But the filing does not disclose the number of shares that will be offered nor the range in price for these shares, says reports.
Taking a cue from the successful IPO structures of media companies such as The New York Times, Google will create two classes of shares with different voting rights. The move ensures that founders Larry Page and Sergey Brin will maintain decision-making authority.
“It is important to us to have a fair process for our IPO that is inclusive of both small and large investors. It is also crucial that we achieve a good outcome for Google and its current shareholders,” states the filing.
In their letter to investors, Brin and Page said they plan to sell some of their shares as part of the offering and are encouraging other shareholders to do so as well.
With the filing, Google for the first time released its financial results. The company generated $961.9 million in revenue in fiscal 2003 and posted $105.6 million in net profit. That marked the third consecutive year of profits for the search engine giant. During the most recent quarter, which ended on 31 March, Google clocked $389.6 million in revenue and posted a $64 million profit.
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India Today Group debuts AI anchor ‘Sutra’ at AI Impact Summit 2026
Sutra aims to simplify live policy debates using sovereign AI models
NEW DELHI: India Today Group has unveiled Sutra, an AI-driven news anchor designed to deliver real-time, contextual reporting, marking the group’s latest push to integrate artificial intelligence into mainstream journalism.
The AI anchor was introduced at the India AI Impact Summit 2026 in New Delhi and developed in collaboration with BharatGen, with the initiative showcased by the Ministry of Electronics and Information Technology.
India Today Group said Sutra is built to navigate complex policy discussions and fast-moving developments by synthesising information into concise, accessible insights, aimed at narrowing the gap between high-level debates and public understanding. The AI anchor was used to surface live takeaways from key sessions at the summit.
India Today Group chief AI officer Nilanjan Das, said the project was focused on clarity and accessibility without diluting editorial rigour. He added that working with BharatGen aligned the group’s AI ambitions with India’s broader push towards sovereign technology capabilities.
BharatGen CEO Rishi Bal, said the partnership reflected a shift from basic automation towards deeper contextual intelligence in media. He emphasised the importance of indigenous, multimodal AI models capable of understanding Indian languages, regional dialects and cultural nuance, particularly as AI-driven news formats gain traction.
The launch positions India Today Group among the first major Indian media houses to deploy an AI anchor backed by home-grown technology, underscoring a growing convergence between journalism, public policy and sovereign AI infrastructure.
