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The U.S. chipmaker AMD plans to make $400 million in investments in India by 2028-thumnail

The U.S. chipmaker AMD plans to make $400 million in investments in India by 2028

The American chipmaker Advanced Micro Devices announced on Friday that it will spend $400 million in India over the following five years and that Bengaluru will become the site of its largest design facility.

Investment & Funding

Jul 28, 2023

Preferred capital issuance by US banks makes a tentative comeback-thumnail

Preferred capital issuance by US banks makes a tentative comeback

Just as interest rates on an estimated $120 billion in such instruments are ready to reset to much higher levels, investor interest in a type of debt issued largely by banks to increase their capital is beginning to show early signs of recovery.

Finance

Jul 28, 2023

The Success Story Of Parul Gulati: B-Town Diva, Business Mind: An Entrepreneur’s Story Of A Rs. 50 Crore Start-Up-thumnail

The Success Story Of Parul Gulati: B-Town Diva, Business Mind: An Entrepreneur’s Story Of A Rs. 50 Crore Start-Up

In addition to her acting career, well-known Bollywood actress and model Parul Gulati has started a wonderful business. She has been successful in establishing “Nish Hair,” a business that sells hair extensions and may bring in up to INR 1 crore in monthly sales.

Entrepreneurship

Jul 28, 2023

Shell Reports Profits Plunge by 56% Amidst Market Challenges-thumnail

Shell Reports Profits Plunge by 56% Amidst Market Challenges

Energy giant Shell (SHEL.L) announced on Thursday a significant 56% decrease in its second-quarter profit, bringing the figure down to $5 billion. This decline was primarily attributed to the drop

Economy

Jul 27, 2023

US fed lifts rate to a 16-year high at 5.25-5.5% range-thumnail

US fed lifts rate to a 16-year high at 5.25-5.5% range

The Federal Reserve raised its benchmark interest rate by a quarter-point, marking the highest rate in 16 years, due to elevated inflation. The policy statement suggests the possibility of further

Finance

Jul 27, 2023

M&M planning to acquire upto 9.9% stake in RBL bank after its 3.53% stake purchase-thumnail

M&M planning to acquire upto 9.9% stake in RBL bank after its 3.53% stake purchase

M&M, the conglomerate, with expertise in technology and tractors has recently invested Rs 417 crore ($50 million) to acquire a 3.53% stake in RBL Bank. This move indicates their interest

Finance

Jul 27, 2023

Shark Tank India fame Kerala banana chips brand Beyond Snack secures $3.5 Mn in funding-thumnail

Shark Tank India fame Kerala banana chips brand Beyond Snack secures $3.5 Mn in funding

Beyond Snack, a known brand of banana chips, from Kerala, has successfully raised $3.5 million in funding with NABVENTURES Fund taking the lead. Established in 2020 the brand intends to

News

Jul 27, 2023

To Be Split Up, Amazon? There Are Reports That Lina Khan Of The Ftc Will Bring A Historic Antitrust Case-thumnail

To Be Split Up, Amazon? There Are Reports That Lina Khan Of The Ftc Will Bring A Historic Antitrust Case

A court order to restructure Amazon’s enormous $1.3 trillion empire may be issued as a result of the lawsuit’s broad implications. A significant antitrust case against Amazon is apparently being

E-Commerce

Jul 27, 2023

After a $7 billion chip loss in H1, Samsung will extend production cuts-thumnail

After a $7 billion chip loss in H1, Samsung will extend production cuts

On Thursday, Samsung Electronics announced plans to extend output cuts due to a cautious prognosis for the global semiconductor market and the fact that the demand recovery is mostly limited

Industry

Jul 27, 2023

Top semiconductor manufacturers like Foxconn, Micron, and AMD will attend the Semicon India expo in Gujarat on July 28-thumnail

Top semiconductor manufacturers like Foxconn, Micron, and AMD will attend the Semicon India expo in Gujarat on July 28

Leading chipmakers including Foxconn, AMD, Micron, and IBM will be present at the Gandhinagar, Gujarat, Semicon India conference.  The purpose of the event is to draw investment into the Indian

Industry

Jul 27, 2023

Automakers launch US EV charging network to compete with Tesla-thumnail

Automakers launch US EV charging network to compete with Tesla

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.

Automotive

Jul 27, 2023

Rising Employee Turnover in India’s Private Lenders Amid Strong Loan Demand-thumnail

Rising Employee Turnover in India’s Private Lenders Amid Strong Loan Demand

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%.

Business

Jul 27, 2023


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