Taiwanese chipmaker TSMC (Taiwan Semiconductor Manufacturing Co Ltd) is anticipated to announce a 27% decrease in net profit for the second quarter of the year.

According to Reuters, Liu Liehong, 54, a veteran of electronics and information technology who now serves as the chairman of China Unicom, will take over the National Data Bureau in the coming days.

As Microsoft’s acquisition of the video game firm neared completion, Warren Buffett’s Berkshire Hathaway sold off a sizable amount of its Activision Blizzard holdings.

According to Al Jazeera, President Joe Biden’s administration was urged by the US Semiconductor Industry Association to “avoid adding new restrictions on chip sales to China.”

Ashok Leyland, a company that specializes in manufacturing automobiles has recently been awarded defense contracts Rs 800 crore. These contracts involve the acquisition of the Field Artillery Tractor (FAT 4X4) and the Gun Towing Vehicle (GTV 6X6). These vehicles will play a role, in the government’s initiatives to promote manufacturing, in the defense sector.

Youth fashion company Styched has strategically acquired casual sneaker startup Flatheads with the goal of solidifying its position, as a player in the fashion industry. Flatheads is known for its expertise, in sneakers while Styched operates with a unique approach that eliminates waste, inventory, and warehousing. This acquisition will bolster Styched’s sneaker collection. Broaden its reach in the market.

In a twist, Sheela Foam Ltd has decided to acquire its competitor, Kurlon Enterprise Ltd in a transaction, at a reduced price of Rs 2,150 crore. This strategic move is aimed at enhancing Sheela Foam’s’ market presence and capitalizing on cost advantages, synergies, and improved access, to materials.

The French administration is devising a plan to slash its expenditures by €4.2 billion ($4.71 billion) in 2024, as per the initial budget projections presented to the parliament. This marks the first reduction in spending compared to the preceding year in nearly ten years. Budget Minister Gabriel Attal disclosed that this decrease would result in a 3.5% year-on-year decline when adjusted for inflation.

According to reports private equity firms such, as Bain Capital are currently in discussions to acquire Adani Capital, the shadow bank owned by Gautam Adani. Adani is looking to sell off core businesses in order to concentrate on its core operations. Bain Capital is expected to offer around Rs 1,500 crore for the company, which has experienced growth, in its assets under management and has shown financial performance in the fiscal year 2023.

In order to promote cross-border financial transfers, India and Indonesia intend to settle bilateral transactions s in local currencies and connect their quick payment systems, according to a top Indian government official.

According to U.S. Treasury Secretary Janet Yellen, the two countries are collaborating to create an investment platform to cut the cost of capital and boost private investment in order to accelerate India’s energy transition.

Since the beginning of 2023, the category of TVs has grown by 13%. The purchasing power of Indians has increased in terms of the electronic category, especially in the section of Big Screen-TVs.