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SoftBank Planning Profitable Exits from Paytm and Zomato Amidst Rising Stocks-thumnail

SoftBank Planning Profitable Exits from Paytm and Zomato Amidst Rising Stocks

SoftBank holds an 11.17 percent stake in Paytm and 3.4 percent in Zomato. However, following the news of the potential stake sale, shares of One97 Communications declined by 1.5 percent, trading at Rs 878.50 apiece on the BSE. Zomato’s stock initially opened 0.8 percent higher on June 16 but later leveled off.

Business

Jun 16, 2023

“Intel Makes Historic $4.6 Billion Chip Investment in Poland, Unveiling Massive Expansion Plans in Europe”-thumnail

“Intel Makes Historic $4.6 Billion Chip Investment in Poland, Unveiling Massive Expansion Plans in Europe”

Intel, with an extensive three-decade-long presence in Poland and an existing workforce of 4,000 employees, cited several factors that propelled their choice of Poland for this momentous venture. They commended

News

Jun 16, 2023

“Musashi Revs Up Electric Mobility in India, discloses ₹70 Crore Investment Plan!”-thumnail

“Musashi Revs Up Electric Mobility in India, discloses ₹70 Crore Investment Plan!”

With its rich expertise in design and engineering, Musashi plans to leverage its capabilities to manufacture a new EV unit comprising a motor, PCU and gear box. The manufacturing of

New Launch

Jun 16, 2023

Software Testing will provide growth in your career-thumnail

Software Testing will provide growth in your career

We are living in the technology age, where every piece of information is run by softwares. While some might be skeptical about where this might lead when it comes to

Education

Jun 16, 2023

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

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

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

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

Bullish Options Trades on US-Listed Chinese ETFs as Traders Take Contrarian Bets-thumnail

Bullish Options Trades on US-Listed Chinese ETFs as Traders Take Contrarian Bets

In recent days, there has been a surge in bullish options trades on several US-listed Chinese exchange-traded funds (ETFs).

Finance

Jun 15, 2023

Adani Green Energy is one of the top 10 global producers of renewable energy, according to ISS-thumnail

Adani Green Energy is one of the top 10 global producers of renewable energy, according to ISS

Due to its “high level of transparency,” ESG rates AGEL in the “Prime” B+ band. According to Institutional Shareholder Services ESG on Thursday, Gautam Adani-led Adani Green Energy Limited (AGEL) is among the top 10 RE businesses globally for ESG performance and topped the list of Asian companies in the sector.

News

Jun 15, 2023


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