On Wednesday, investors predicted that China’s central bank would loosen monetary policy further after a surprise rate cut, even if it puts the yuan under pressure. As a result, yield differentials between China and the US extended to their largest level in 16 years.

Biosplice Therapeutics is one such established startup with a global presence. By doing research and creating medications for osteoarthritis, cancer, neurology, and other degenerative conditions, it has grown into the most valuable US-based startup in the world.

Apple Inc. is set to begin production of its cutting-edge iPhone 15, in Tamil Nadu, India with the aim of reducing the gap between its manufacturing center.

Intel Corporation has decided to terminate its $5.4 billion acquisition agreement, with Tower Semiconductor, a chipmaker. The reason behind this decision is the failure to obtain approval from China. This development highlights the impact of tensions between the United States and China on business deals. As part of the termination, Intel will pay Tower a breakup fee of $353 million.

Occidental Petroleum has made an investment of $1.1 billion to acquire Carbon Engineering Ltd, a leading company, in air capture (DAC) technology. The objective behind this move is to set up 100 DAC plants that will play a role in addressing climate change by extracting CO2 from the atmosphere for purposes. With the support of grants, Occidental is actively advancing innovation, towards achieving emissions neutrality.

SBFC Finance made a strong entry onto Dalal Street on Wednesday, August 16. The stock was listed at Rs 82 per share, representing a substantial premium of 44 percent compared to its issue price of Rs 57 per share on the National Stock Exchange (NSE). Similarly, it debuted at a premium of 44 percent on the BSE, trading at Rs 81.99 per share.

The largest independent blockchain node infrastructure, Blockdaemon, enables companies to create, scale, and stake nodes with institutional-grade security and monitoring. The business serves more than 40 cutting-edge blockchain networks on bare metal and in the cloud. To link commercial stakeholders to blockchains, the platform is commonly used by exchanges, custodians, financial institutions, cryptocurrency platforms, and developers.

Delhi Metro Rail Corp. and the Indian Railway Catering and Tourism Corporation (IRCTC) signed a contract to offer metro tickets using QR codes on their respective platforms. Both IRCTC and DMRC passengers are expected to gain from the project.

Hero FinCorp, a division of Hero MotoCorp, the two-wheeler manufacturer, in India, is currently engaging in discussions, with investment banks to execute its intended public offering (IPO) of ₹4,000 crore.

Axis Asset Management, the mutual fund division of Axis Bank has recently launched a credit fund with the objective of raising up to Rs 1,250 crore from a diverse group of investors.

Xpressbees, a logistics powerhouse, has acquired New Delhi’s Trackon, marking its entry into the SME courier space. With a nationwide expansion plan and synergistic benefits, Xpressbees aims to leverage its network for growth. The acquisition aligns with their success story, backed by major investments and a diversified service portfolio, promising enhanced customer experiences.

U.S. Treasury Secretary Janet Yellen stated in prepared remarks for an event in Las Vegas on Monday that the country is working to create robust, diversified clean energy supply chains to safeguard its economic security while avoiding the risks presented by over-concentration in a small number of nations.