In order to pay off the debt of local-government financing vehicles (LGFVs) and other off-balance-sheet issuers, China will let local governments raise approximately 1 trillion yuan ($140 billion) through bond sales, according to a Friday report by Bloomberg News.

The government has revealed the draft of the FAME III, which includes a budget allocation of Rs 40,000 50,000 crore to support vehicles (EVs).

Truecaller has recently launched Truecaller Assistant, an AI-powered feature that helps users manage their calls efficiently.

Pyramid Technoplast, a company specializing in packaging plans to initiate its Initial Public Offering (IPO) between August 18 and 22 following the trend of public offerings this month.

In order to increase Ather Energy’s market share in the extremely competitive electric scooter sector, the Ather 450S is positioned to be a more affordable electric scooter. This product is projected to immediately compete with the soon-to-be-released Ola S1 Air.

While the market mostly ignored President Joe Biden’s decision to limit some US technology investments in China, US investors expressed concern that Beijing might retaliate or refrain from purchasing American technology.

Nithin Kamath, CEO of Zerodha, stated on Wednesday that the company has expanded its investment in its startup accelerator fund, Rainmatter. According to Kamath, the allotment has been enhanced by Rs 1,000 crore. He noted that the fund has invested about Rs 400 crore in the last seven years. 

HCL Technologies has secured a $2.1 billion agreement, with Verizon Business to provide managed network services. This deal is expected to have an impact on revenue for the six years starting from November 2023.

A recent inquiry orchestrated by Interos, a foremost entity specializing in the management of risks linked to supply chains, discloses that monetary setbacks arising from disruptions in the supply chain experienced a substantial reduction exceeding 50% on an average scale throughout 2022

Godrej Consumer Products Limited is set to establish a cutting-edge manufacturing facility in the state, with a substantial investment of Rs 515 crore over the next five years. The company disclosed this development in a filing made on Thursday.

Axis Bank, an institution based in India intends to increase its ownership, in Max Life insurance from 9.99% to 16.2% by making an investment of 16.12 billion rupees.

Deliveroo, a British food delivery service, raised its full-year profitability outlook on Thursday after a robust first half in tough market circumstances that saw its overall orders dip 6%.