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Yokohama will spend Rs 671 crore to increase India’s supply of passenger tires-thumnail

Yokohama will spend Rs 671 crore to increase India’s supply of passenger tires

A Japanese firm, Yokohama Rubber Company, has announced intentions to increase its production of passenger vehicle tyres in India. 

Business

Jun 19, 2023

Adani Capital is in talks with financial investors to sell a stake in the firm-thumnail

Adani Capital is in talks with financial investors to sell a stake in the firm

As per FY23 financials Adani Capital, its loan book stood at ₹2,690 crore and net profit at ₹90.68 crore. It largely operates out of four business verticals – farm equipment loans, commercial vehicle loans, business loans, and supply chain finance. The lender also has a housing finance arm.

Business

Jun 19, 2023

Struggles and Uncertainty Plague Tiger Global’s Fundraising Endeavor Amidst Tech Valuation Woes-thumnail

Struggles and Uncertainty Plague Tiger Global’s Fundraising Endeavor Amidst Tech Valuation Woes

Tiger Global, founded in 2001 by the visionary Chase Coleman, gradually emerged as one of the most prolific venture capital investors, providing crucial support to numerous start-ups over the past

Investment & Funding

Jun 17, 2023

“China Extends $1 Billion Aid to Cash-Strapped Pakistan Amid IMF Loan Uncertainty”-thumnail

“China Extends $1 Billion Aid to Cash-Strapped Pakistan Amid IMF Loan Uncertainty”

Earlier, Finance Minister Ishaq Dar revealed that Pakistan had repaid USD 1 billion to China on the preceding Monday, offsetting a due amount of USD 1.3 billion. It was hoped

Investment & Funding

Jun 17, 2023

Micron’s $3 billion semiconductor manufacturing and testing operation is poised to be approved in India-thumnail

Micron’s $3 billion semiconductor manufacturing and testing operation is poised to be approved in India

According to persons in the know, India is prepared to take a $3 billion investment from US semiconductor maker Micron in order to build an OSAT facility—an outsourced semiconductor assembly and test facility—with at least four production lines.

Business

Jun 17, 2023

IKIO Lighting lists on bourses at 37% premium; raises Rs. 606 Crores-thumnail

IKIO Lighting lists on bourses at 37% premium; raises Rs. 606 Crores

IKIO Lighting dazzled investors on June 16, exceeding analysts’ predictions with a 37 percent surge above its issue price.

Investment & Funding

Jun 16, 2023

Micron invests $602 million in existing plant in China-thumnail

Micron invests $602 million in existing plant in China

The US memory chip manufacturer Micron declared its commitment to China on Friday and announced plans to invest 4.3 billion yuan ($603 million) in its chip packaging factory in the

Investment & Funding

Jun 16, 2023

Mach Industries receives Sequoia’s first defense technology investment-thumnail

Mach Industries receives Sequoia’s first defense technology investment

According to the two firms, defence startup Mach Industries has raised $5.7 million in a seed round led by Sequoia Capital, marking the first-ever investment in defence technology in the company’s history.

Investment & Funding

Jun 16, 2023

Lenskart will get a $100 million investment from ChrysCapital-thumnail

Lenskart will get a $100 million investment from ChrysCapital

ChrysCapital has invested $100 million in Lenskart, the two companies said Thursday, bringing the Asian eyeglasses startup’s total funding raised in the last year to $850 million as it extends its portfolio and worldwide reach.

Investment & Funding

Jun 15, 2023

Akasa Air to raise $75-100 Million Funding for Expansion; Jhunjhunwala Family to dilute Stake”-thumnail

Akasa Air to raise $75-100 Million Funding for Expansion; Jhunjhunwala Family to dilute Stake”

Akasa Air, India’s youngest airline, is concocting a plan to amass a staggering $75-100 million by offering fresh shares to investors, according to insiders.

Investment & Funding

Jun 15, 2023

TaxNodes Raises $1.6 Million in Seed Funding to Simplify Crypto Taxation and Compliance-thumnail

TaxNodes Raises $1.6 Million in Seed Funding to Simplify Crypto Taxation and Compliance

TaxNodes, with its end-to-end solutions, has secured a whopping $1.6 million in seed funding to streamline the intricacies of crypto taxation and compliance. Notable investors from the web3 and wealth

Business

Jun 14, 2023

What Effect Would The Valuation Reductions At Byju’s, Swiggy, And Meesho Have On Esops?-thumnail

What Effect Would The Valuation Reductions At Byju’s, Swiggy, And Meesho Have On Esops?

BlackRock, Invesco, and Fidelity Investments all decreased their estimates of the value of Swiggy, BYJU, and Meesho, respectively. This Valuation reduction will also have an effect on the value of the ESOPs to which workers at these firms are entitled.

Investment & Funding

Jun 13, 2023


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