Business
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Foxconn, Vedanta plan tech tie-up with STM for Semiconductor Manufacturing unit in India
Foxconn and Vedanta are close to inducting European chipmaker STMicroelectronics as the technology partner in their proposed semiconductor chip manufacturing unit in India. Foxconn will be the lead partner in the joint venture (JV) that was announced last February. The...
Published On February 4th, 2023 -
Adani Enterprises shares removed from US Indices
Under fire following allegations of fraud and stock manipulation, the Adani group has received another jolt from the US markets. The group's flagship company Adani Enterprises has been removed from the Dow Jones Sustainability Indices effective February 7. According to a note issued...
Published On February 3rd, 2023 -
Adani Group Enters Israel with Haifa Port Acquisition For 1.2 Billion $
The Adani Group acquired the strategic Israeli port of Haifa for USD 1.2 billion and vowed to transform the skyline of this Mediterranean city as part of its decision to invest more in the Jewish nation, including opening an artificial...
Published On February 2nd, 2023 -
Genus Power Bagged Orders Worth Over Rs 2,850 Crore
Genus Power Infrastructures Ltd. and its 100 percent subsidiary company Hi-Print Metering Solutions Private Limited have received the letter of award (LOA) of Rs 2,855.96 crore for the appointment of Advanced Metering Infrastructure Service Provider (AMISP). It includes the design...
Published On February 1st, 2023 -
Microsoft Invests $10 Billion in ChatGPT Maker OpenAI
Microsoft announced a new multiyear, multibillion-dollar investment with ChatGPT-maker OpenAI. Microsoft Corp. will be making a $10 billion worth investment in OpenAI, the research lab behind the famous ChatGPT (Chat Generative Pre-trained Transformer) and DALL-E. The deal marks the third phase...
Last updated on February 15th, 2023 11:51 am -
PhonePe Raises $350 Mn From General Atlantic, Joins India’s Decacorn Club
Payments and financial services unicorn PhonePe has raised $350 million in funding from General Atlantic, a leading global growth equity firm, at a pre-money valuation of $12 billion, making the Walmart-owned start-up the most-valued financial technology (fintech) player in India. The investment is the...
Published On January 23rd, 2023 -
LIC unveils Jeevan Azad limited premium payment plan
Jeevan Azad Plan The Life Insurance Corporation of India (LIC) has launched LIC Jeevan Azad Plan. It is a limited period premium payment plan that offers financial support for the family in case of unfortunate death of the life assured...
Published On January 21st, 2023 -
Bharti Airtel to Invest Rs 2,000 Crore to set up Hyperscale data Centre in Hyderabad
Bharti Airtel Group announced that it will be investing Rs 2,000 crore for setting up a large hyperscale data centre in Hyderabad. The announcement was made at the Telangana Lounge at Davos, Switzerland in the presence of Telangana Minister for...
Published On January 19th, 2023 -
Google pilots ‘Soundpod by Google Pay’ for UPI payments in India
Soundpod by Google Pay Google is actively working on a Soundbox for the India market, similar to the Paytm or PhonePe ones that you see at your neighbourhood shop which gives a sound alert on the digital payment that has...
Published On January 19th, 2023 -
Amazon back as World’s Most Valued Brand, Apple down to No 2
Billionaire Jeff Bezos’s e-commerce company Amazon has become the most valued brand, overtaking Apple, last year’s topper. Amazon has reclaimed the top spot as the world’s most valuable brand despite its brand value falling 15 per cent this year from $350.3 billion to...
Published On January 19th, 2023
