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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

Mexico’s governor announces $15 billion investment by Tesla and suppliers-thumnail

Mexico’s governor announces $15 billion investment by Tesla and suppliers

In Mexico, a state governor declared on Monday that Tesla (TSLA.O) and its suppliers would invest $15 billion over the following two years in a factory that is still being built, which is triple the amount that Mexican officials had before declared.

Automotive

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 Unicorn Razorpay has acquired digital invoicing startup BillMe-thumnail

Fintech Unicorn Razorpay has acquired digital invoicing startup BillMe

Razorpay, a known fintech company valued at, over a billion dollars has recently acquired BillMe, a startup based in Mumbai. BillMe specializes in invoicing and customer engagement.

Business

Sep 12, 2023

Bain Capital sells a stake worth $102 million in L&T Finance in a block deal-thumnail

Bain Capital sells a stake worth $102 million in L&T Finance in a block deal

Bain Capital, trading under the name BC Invsts intends to sell its ownership stake, in L&T Finance Holdings through block deals.

Business

Sep 12, 2023

Credit Suisse case: The Supreme Court offers Ajay Singh one final chance to pay or face jail time-thumnail

Credit Suisse case: The Supreme Court offers Ajay Singh one final chance to pay or face jail time

The Supreme Court ordered SpiceJet Chairman Ajay Singh to pay a $500,000 installment to Credit Suisse by September 22, as well as a $1 million defaulted sum.

Business

Sep 11, 2023

BYJU’S promises to repay lenders $1.2 billion in six months-thumnail

BYJU’S promises to repay lenders $1.2 billion in six months

the beleaguered edtech startup BJYU’S has given a repayment plan to its lenders. The education technology firm has promised to repay its whole $1.2 billion term loan in less than six months.

Finance

Sep 11, 2023

Indian Renewable Energy Development Agency files draft paper for IPO-thumnail

Indian Renewable Energy Development Agency files draft paper for IPO

To raise money via an initial public offering (IPO), the government-owned Indian Renewable Energy Development Agency (Ireda) has submitted its draught red herring prospectus (DRHP) to the Securities and Exchange Board of India (Sebi).

News

Sep 11, 2023

Coinbase discontinuing ‘all services’ for its users in India from September 25-thumnail

Coinbase discontinuing ‘all services’ for its users in India from September 25

Coinbase, a cryptocurrency exchange has announced that it will halt its services, for users based in India on September 25th. This decision is due to non-compliance with the standards set by authorities.

Business

Sep 11, 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

RBI likely to launch CBDC for transactions in the call money market by October-thumnail

RBI likely to launch CBDC for transactions in the call money market by October

The Reserve Bank of India (RBI) is gearing up to launch a Central Bank Digital Currency (CBDC) pilot program for interbank transactions in the call money market by October.

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


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