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Home > Articles
India chip packaging plant nears $1 billion investment by Micron-thumnail

India chip packaging plant nears $1 billion investment by Micron

In an effort to further expand its geographic reach amid tensions between the US and China, sources claim that Micron Technology Inc. is close to agreeing to contribute at least

News

Jun 16, 2023

Blow It For TCS! Transamerica Life Insurance Cancels A $2 Billion Contract With An Indian It Company-thumnail

Blow It For TCS! Transamerica Life Insurance Cancels A $2 Billion Contract With An Indian It Company

According to a TCS press statement, the agreement between TCS and Transamerica Insurance was inked in January 2018. The agreement guaranteed TCS at least $200 million in yearly income. Tata

Industry

Jun 16, 2023

Defense ministry approves acquisition of 31 US-made MQ-9B SeaGuardian drones-thumnail

Defense ministry approves acquisition of 31 US-made MQ-9B SeaGuardian drones

Whispers from insiders have spilt the beans that the defence ministry has given the nod for the procurement of MQ-9B SeaGuardian drones.

Business

Jun 16, 2023

India’s trade deficit touched $22.12 billion in May 2023-thumnail

India’s trade deficit touched $22.12 billion in May 2023

Investments and Internal Trade (DPIIT) had devised a trading strategy to address the slowdown in the developed world, which is India’s major importer.

Business

Jun 16, 2023

Microsoft’s valuation tops $2.6 trillion in record time-thumnail

Microsoft’s valuation tops $2.6 trillion in record time

The market’s confidence regarding the potential of artificial intelligence (AI) has helped Microsoft Corp. shares rise to a fresh record high close on Thursday, helping the technology giant reach a

News

Jun 16, 2023

IKIO Lighting lists on bourses at 37% premium; raises Rs. 606 Crores-thumnail

IKIO Lighting lists on bourses at 37% premium; raises Rs. 606 Crores

IKIO Lighting dazzled investors on June 16, exceeding analysts’ predictions with a 37 percent surge above its issue price.

Investment & Funding

Jun 16, 2023

After the meltdowns of last year, cryptocurrency investors increase risk management-thumnail

After the meltdowns of last year, cryptocurrency investors increase risk management

Institutional cryptocurrency investors are transferring to exchanges that provide tighter asset protection, increasing due diligence on trading counterparties, and performing trades in smaller chunks in order to safeguard themselves.

News

Jun 16, 2023

Micron invests $602 million in existing plant in China-thumnail

Micron invests $602 million in existing plant in China

The US memory chip manufacturer Micron declared its commitment to China on Friday and announced plans to invest 4.3 billion yuan ($603 million) in its chip packaging factory in the

Investment & Funding

Jun 16, 2023

Mach Industries receives Sequoia’s first defense technology investment-thumnail

Mach Industries receives Sequoia’s first defense technology investment

According to the two firms, defence startup Mach Industries has raised $5.7 million in a seed round led by Sequoia Capital, marking the first-ever investment in defence technology in the company’s history.

Investment & Funding

Jun 16, 2023

Foxconn plans to make electric vehicles in India: Report-thumnail

Foxconn plans to make electric vehicles in India: Report

Foxconn, well known as the manufacturer of the iconic Apple iPhone, is reportedly planning to join the Indian market for the production of electric vehicles (EVs). According to Foxconn’s annual

Automotive

Jun 16, 2023

China’s Economy Shows Signs of Weakness in May, Raises Concerns of a Double Dip-thumnail

China’s Economy Shows Signs of Weakness in May, Raises Concerns of a Double Dip

China’s Economy recovered from the COVID-19 pandemic hit a stumbling block in May, as industrial output and retail sales growth fell short of expectations. The slowdown in the second quarter has prompted the country’s central bank to cut key interest rates for the first time in nearly a year, with further cuts anticipated. Analysts are expressing concerns over a potential economic double dip and are revising their GDP growth forecasts for 2023 and 2024.

News

Jun 15, 2023

Report on the share sale to YES Bank is rejected by Spandana Sphoorty-thumnail

Report on the share sale to YES Bank is rejected by Spandana Sphoorty

Reports that Spandana Sphoorty Financial’s largest shareholder, Kedaara Capital, is in discussions to sell its shareholding to YES Bank are denied by the company. On Thursday, Spandana Sphoorty Financial denied

News

Jun 15, 2023


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