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Adani’s $34,000 crore PVC project in Mundra will be financed by a PSB consortium led by SBI-thumnail

Adani’s $34,000 crore PVC project in Mundra will be financed by a PSB consortium led by SBI

Adani’s 34,000 crore PVC project in Mundra would be funded by a consortium of PSBs led by SBI. According to a report by The Hindu Businessline (BL), a group of banks led by the State Bank of India (SBI) have agreed to fund a significant portion of the 34,000 crore polyvinyl chloride (PVC) project in Mundra by the Adani Group. The PVC project is expected to reach a financial close by the middle of August with loan support from SBI. 

Business

Jul 20, 2023

Following the announcement of “one of the largest ever investments,” UK Prime Minister Rishi Sunak and Tata Sons Chairman N Chandrasekaran met-thumnail

Following the announcement of “one of the largest ever investments,” UK Prime Minister Rishi Sunak and Tata Sons Chairman N Chandrasekaran met

Tata Sons revealed plans to build a gigafactory in the UK with the ability to create 40GW of batteries yearly. Customers in the UK and Europe will receive electric mobility and renewable energy storage solutions thanks to the over £4 billion investment.

Business

Jul 20, 2023

Skims from Kim Kardashian are now valued at around $4 billion-thumnail

Skims from Kim Kardashian are now valued at around $4 billion

The company plans to announce on Wednesday that Skims has secured $270 million in a fresh investment round that values it at $4 billion. Investors valued the business at $3.2 billion last year, so this is an increase.

Business

Jul 20, 2023

Tata Group to Establish EV Battery Plant in UK, Boosting Car Industry’s Future-thumnail

Tata Group to Establish EV Battery Plant in UK, Boosting Car Industry’s Future

In a significant development for the UK’s car industry, India’s Tata Group has unveiled plans to construct an electric vehicle (EV) battery plant in Britain. This move comes as a

Automation

Jul 19, 2023

In Season 1, Sharks invested in 27 of 65 committed agreements-thumnail

In Season 1, Sharks invested in 27 of 65 committed agreements

Research by PrivateCircle Research shows that more than a year after Shark Tank India Season 1, seven sharks invested in 27 of 65 committed agreements.

Business

Jul 19, 2023

Rice Robotics receives $7 million and will power SoftBank’s office deliveries-thumnail

Rice Robotics receives $7 million and will power SoftBank’s office deliveries

The ability to secure important clients is a critical differentiation for companies in the crowded enterprise robotics industry. SoftBank has placed a significant order with Hong Kong-based Rice Robotics.

Investment & Funding

Jul 18, 2023

JSPL planning to raise $3 billion from credit funds and foreign banks-thumnail

JSPL planning to raise $3 billion from credit funds and foreign banks

JSPL, under the leadership of Naveen Jindal, is said to be engaging in discussions to secure funding of around $3 billion from credit funds and foreign banks. This capital infusion

Investment & Funding

Jul 17, 2023

State of U.S. Bank Credit: Earnings Reports and Trends-thumnail

State of U.S. Bank Credit: Earnings Reports and Trends

Earnings reports from U.S. banks are set to begin, covering the period from April through June, marking the first full quarter of operations following the collapse of Silicon Valley Bank

Investment & Funding

Jul 14, 2023

In the last 10 quarters, institutional investments in the office sector reached $1.8 billion-thumnail

In the last 10 quarters, institutional investments in the office sector reached $1.8 billion

In Q2 2023, institutional investments in the office sector reached $1.8 billion, the highest level over the previous 10 quarters, indicating continued investor confidence in the sector’s prospects for development and return.

Business

Jul 14, 2023

Yubi valued by investors at $1.5 billion in a secondary sale-thumnail

Yubi valued by investors at $1.5 billion in a secondary sale

Following a secondary share offering, digital lending platform Yubi, which is about to separate from parent company Vivriti Capital, was valued at $1.5 billion, according to two insiders who spoke to ETtech.

Business

Jul 14, 2023

HDFC Bank becomes first to provide interoperability between UPI and CBDC-thumnail

HDFC Bank becomes first to provide interoperability between UPI and CBDC

HDFC Bank, recognized as India’s largest private sector bank has accomplished an extraordinary feat by achieving interoperability between the United Payment Interface (UPI) and Central Bank Digital Currency (CBDC). Thanks

Finance

Jul 13, 2023

World’s largest climate fund makes it’s biggest water investment-thumnail

World’s largest climate fund makes it’s biggest water investment

The largest global climate fund on the planet has taken a significant step forward by investing $235 million in a funding facility that will support water reuse in South Africa.

Insights

Jul 13, 2023


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