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The SoftBank Corp. will raise more than $800 million through bonds-like class shares-thumnail

The SoftBank Corp. will raise more than $800 million through bonds-like class shares

SoftBank Corp. will decide as early as Monday whether to raise up to 120 billion yen (S$1.1 billion) through Japan’s first IPO of bond-type class shares.

Business

Sep 25, 2023

In an effort to prevent China from benefiting from $52 billion in funds for chips, the US finalises rules-thumnail

In an effort to prevent China from benefiting from $52 billion in funds for chips, the US finalises rules

The U.S. Commerce Department is releasing final regulations on Friday to stop China and other nations that are considered to be a threat to American national security from using subsidies for semiconductor manufacture.

Investment & Funding

Sep 22, 2023

As India pushes local manufacturing, Xiaomi supplier Dixon Tech will open a smartphone plant-thumnail

As India pushes local manufacturing, Xiaomi supplier Dixon Tech will open a smartphone plant

Dixon Technologies India Ltd., a supplier to Xiaomi Inc., plans to open a sizable new plant on the outskirts of New Delhi as India encourages Chinese tech companies to work with local assembly partners.

Business

Sep 15, 2023

Early-stage VC firm Kae Capital closes its Winners Fund II (KWF II) by raising $50 Mn-thumnail

Early-stage VC firm Kae Capital closes its Winners Fund II (KWF II) by raising $50 Mn

Kae Capital, an e­arly-stage venture capital firm, has successfully closed its Winners Fund II (KWF II) with a total of $50 million (INR 410 crore) in funding.

Investment & Funding

Sep 14, 2023

Investing in Inclusion: Spring’s Acquisition of Future Capital Reshapes Canada’s Financial Landscape-thumnail

Investing in Inclusion: Spring’s Acquisition of Future Capital Reshapes Canada’s Financial Landscape

Spring Activator (Spring), a forerunner in Canada’s beginning phase influence effective financial planning environment, declares the procurement of Future Capital, the learning and contributing stage worked for underrepresented beginning phase financial backers.

Investment & Funding

Sep 13, 2023

Funding: VC firm Vertex Ventures Southeast Asia and India raises $541 million in its fifth fund-thumnail

Funding: VC firm Vertex Ventures Southeast Asia and India raises $541 million in its fifth fund

Vertex Ventures Southeast Asia and India has achieved a fundraising round securing $541 million for its fund.

Investment & Funding

Sep 12, 2023

In Singapore, GlobalFoundries opens a fabrication plant worth $4 billion-thumnail

In Singapore, GlobalFoundries opens a fabrication plant worth $4 billion

GlobalFoundries, a contract chip manufacturer with its headquarters in the United States, announced Tuesday the opening of its $4 billion expansion manufacturing unit in Singapore, anticipating “growth in demand for essential semiconductor chips.”

Business

Sep 12, 2023

Fintech startup Perfios to raise from Kedaara Capital investment of $229 Mn-thumnail

Fintech startup Perfios to raise from Kedaara Capital investment of $229 Mn

Fintech startup Perfios, based in Bengaluru has recently secured an investment of $229 million, in its Series D funding round.

Business

Sep 11, 2023

Tesla Supercomputer could boost market cap of EV maker by $600 billion- Morgan Stanley-thumnail

Tesla Supercomputer could boost market cap of EV maker by $600 billion- Morgan Stanley

Tesla’s (TSLA.O) Dojo supercomputer could propel a spike in the market value of the automaker of up to $600 billion, according to Morgan Stanley analysts.

Business

Sep 11, 2023

BMW will invest $750 million in UK plants to take Mini electric-thumnail

BMW will invest $750 million in UK plants to take Mini electric

After years of uncertainty relating to Brexit, Britain’s auto industry received a new boost on Monday when BMW (BMWG.DE) announced it would invest 600 million pounds ($750 million) at its UK plants to convert its iconic Mini brand to all-electric by 2030.

Automotive

Sep 11, 2023

Blue-collar staffing platform Smartstaff receives strategic investment from Persol-thumnail

Blue-collar staffing platform Smartstaff receives strategic investment from Persol

Persol, a leading APAC HR services provider, has strategically invested in Smartstaff, a blue-collar staffing platform, aligning with their focus on the Indian market. Smartstaff offers comprehensive staffing, recruitment, and

Business

Sep 11, 2023

Cafe Coffee Day shares tank 15% over Rs. 228.45 crore default-thumnail

Cafe Coffee Day shares tank 15% over Rs. 228.45 crore default

Cafe Coffee Day Enterprises experienced a decline of 15%, in its stock price on September 11th as a result of a default application made by Trusteeship Services. In response, Coffee Day sought advice.

Business

Sep 11, 2023


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