Following scrutiny from New Delhi over its investment proposal, China’s BYD informed its India joint venture partner that it would abandon plans for a new $1 billion investment to produce electric automobiles.

In a striking move, JSR Corp (4185.T), a prominent manufacturer of photoresists crucial for chip fabrication, has astounded the industry with a momentous $6.4 billion agreement to go private, orchestrated by Japan Investment Corp, overseen by the trade ministry.

Silicon Power Group, a company plans to invest 10 billion rupees in the construction of a facility, in Odisha, India. The facility will produce silicon carbide for semiconductor components.

Indonesia to Impose a regulation to safeguard the interests of small and medium enterprises by placing restrictions, on online sales of imported goods valued below $100. This measure will be applicable to both marketplaces and retailers operating on social media platforms. As the country’s e-commerce industry flourished, reaching a value of $59 billion in the year authorities are now working collaboratively to enforce these rules and anticipate potential effects, on the sector.

Nirma, a manufacturer of soap and detergent products is looking to secure funding of, up to Rs 7,000 crore. This capital infusion will be utilized for expanding its manufacturing facilities and exploring acquisition opportunities. Glenmark Life Sciences has been identified as one of the companies being considered for bids. The objective, behind this move, is to broaden Nirma’s business portfolio by venturing into the healthcare sector. This decision is supported by Nirma’s performance and strong cash flow generation.

In an effort to compete with Tesla (TSLA.O) and to benefit from Biden administration subsidies, seven major automakers announced on Wednesday that they were establishing a new company to provide electric vehicle charging in the United States.

The banking industry in India is grappling with a growing trend of attrition, particularly affecting the sales division. During an earnings call, Yes Bank’s CEO, Prashant Kumar, acknowledged the industry-wide issue and emphasized the bank’s efforts to control attrition, setting a target of limiting overall employee turnover to 25-30%.

The Biden administration is attempting to precisely target U.S. export restrictions to China, according to Gina Raimondo, Secretary of Commerce, but regulations will cost businesses some income.

Kapture CX, a platform that automates customer experience recently secured $4 million, in funding. The investment was led by Cactus Venture Partners.

Aquapharm Chemicals, a company based in Pune and valued at, more than ₹4,500 crore has caught the attention of buyers such as RP Sanjiv Goenka Group, Bain Capital, and Dorf Ketal.

Foxconn, the electronics manufacturer is currently engaged in talks, with the government of Tamil Nadu regarding an investment of $200 million to establish a manufacturing plant for electronic components.

Jio Financial Services (JFS) a separate division of Reliance Industries has teamed up with BlackRock to make its mark, in India’s asset management sector.