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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

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

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

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


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