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QIA planning to put in $1 billion in Reliance Retail at a $100 bn valuation-thumnail

QIA planning to put in $1 billion in Reliance Retail at a $100 bn valuation

It has been reported that the Qatar Investment Authority is currently engaged in discussions, with Reliance Retail regarding an investment that could range from $950 million to $1 billion.

Business

Jul 26, 2023

Transforming Manufacturing Aftermarket Partful Secures £2.4M Funding Boost-thumnail

Transforming Manufacturing Aftermarket Partful Secures £2.4M Funding Boost

Aftermarket selling innovation subject matter experts, Partful, has gotten £2.4M in subsidies to speed up the improvement of its ‘detonating’ 3D parts SaaS stage – which is changing the business’

Business

Jul 26, 2023

Nissan Motor to invest $663 million in Renault SA’s electric venture-thumnail

Nissan Motor to invest $663 million in Renault SA’s electric venture

Nissan Motor Co. and Renault SA have reached a crucial agreement to invest in the electric-vehicle venture, Ampere, concluding lengthy negotiations to stabilize their troubled automotive alliance.

Investment & Funding

Jul 26, 2023

Piramal Alternatives planning to raise $1.5 billion to invest in local high-yield companies-thumnail

Piramal Alternatives planning to raise $1.5 billion to invest in local high-yield companies

Piramal Alternatives, a division of the Piramal Group headed by CEO Kalpesh Kikani has set a target to secure $1.5 billion, for investments, in credit within India’s high-yield companies. Given their history of funds and the rapid growth of India’s economy, they are actively looking for international investors to capitalize on the flourishing market.

Business

Jul 25, 2023

The Sculptor hedge fund will be acquired by Rithm Capital for $639 million-thumnail

The Sculptor hedge fund will be acquired by Rithm Capital for $639 million

The Sculptor hedge fund will be acquired by Rithm Capital

Business

Jul 25, 2023

TSMC invests $2.9 billion in Taiwan chip factory due to AI boom-thumnail

TSMC invests $2.9 billion in Taiwan chip factory due to AI boom

Taiwanese chip giant TSMC (2330. TW), driven by a boom in demand for artificial intelligence, plans to invest roughly T$90 billion ($2.87 billion) in an advanced packaging facility in northern Taiwan, the company announced on Tuesday.

Artificial Intelligence

Jul 25, 2023

EVCS seeks to raise $125 million for network expansion-thumnail

EVCS seeks to raise $125 million for network expansion

In order to expand its network of fast chargers eightfold by 2025 and take advantage of the U.S. government’s desire to increase EV adoption, electric vehicle charger operator EVCS is reportedly aiming to fund $125 million.

Business

Jul 25, 2023

Reliance to invest $10 billion in data centers in partnership with Canada’s Brookfield Infrastructure & America’s Digital Realty-thumnail

Reliance to invest $10 billion in data centers in partnership with Canada’s Brookfield Infrastructure & America’s Digital Realty

Reliance Industries in collaboration, with Brookfield Infrastructure, intends to allocate an amount of 10 billion rupees towards the establishment of data centers within India. This strategic endeavor aims to leverage the increasing need for infrastructure as more individuals join the community.

Business

Jul 25, 2023

Motion G; Singapore-based AI-driven generative engineering platform raises $16 mn-thumnail

Motion G; Singapore-based AI-driven generative engineering platform raises $16 mn

Motion G, a company based in Singapore recently secured $16 million, in funding through a funding round led by Episteme Inc. Their goal is to revolutionize the field of engineering by enhancing productivity through the use of machine learning, data science, AIGC, and digital twin technologies.

Artificial Intelligence

Jul 24, 2023

Centre declines $1 billion proposal put forth by BYD Motors and Megha Engineering to EVs in India-thumnail

Centre declines $1 billion proposal put forth by BYD Motors and Megha Engineering to EVs in India

In a twist, the Centre has declined the $1 billion proposal put forth by BYD Motors and Megha Engineering to establish an electric vehicle manufacturing facility, in India. The decision

Automation

Jul 22, 2023

SBB raises $228 million from Morgan Stanley fund sale-thumnail

SBB raises $228 million from Morgan Stanley fund sale

Swedish real estate company SBB has announced the issuance of preference shares to Morgan Stanley’s investment fund for 2.36 billion Swedish crowns ($228 million), taking proactive measures to strengthen its

Investment & Funding

Jul 21, 2023

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


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