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By 2026, Indonesia wants Geely to assist in building homegrown EVs-thumnail

By 2026, Indonesia wants Geely to assist in building homegrown EVs

A top official said on Tuesday that Indonesia has requested Chinese automaker Geely Automotive Holdings (0175.HK) to assist it in developing a domestic electric vehicle by 2025 or 2026, and that the automaker has accepted.

Business

Sep 14, 2023

In his Thursday speech, Biden will discuss budget cuts and the government shutdown-thumnail

In his Thursday speech, Biden will discuss budget cuts and the government shutdown

President Joe Biden will contrast his “Bidenomics” domestic programs with what the White House has nicknamed “MAGAnomics,” a reference as the two sides continue to argue over the budget and a potential government shutdown looms.

Economy

Sep 14, 2023

The stake sale of Cipla’s founding family is in jeopardy over the $13 billion valuation target-thumnail

The stake sale of Cipla’s founding family is in jeopardy over the $13 billion valuation target

The sale of a stake in Cipla Ltd. is at risk because prospective purchasers object to the valuation of 1.09 trillion rupees ($13.1 billion)

Business

Sep 14, 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

In FY23, the foreign revenue of IT businesses exceeds the earnings of other manufacturers-thumnail

In FY23, the foreign revenue of IT businesses exceeds the earnings of other manufacturers

Indian IT services firms such as Tata Consultancy Services, Infosys, Wipro, and HCLTech have emerged as the most persistent foreign exchange baggers.

Business

Sep 14, 2023

Bank of India to float bonds on September 13 to raise up to Rs 2,000 crore-thumnail

Bank of India to float bonds on September 13 to raise up to Rs 2,000 crore

The Bank of India is preparing to issue Basel-III Tier-II bonds on September 13th in an effort to raise Rs 2,000 crore. These bonds have a tenure of 10 years and include a call option after 5 years.

Finance

Sep 13, 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

Sui’s Game-Changing Move: Introducing Google and Twitch Logins for Seamless Web3 Access-thumnail

Sui’s Game-Changing Move: Introducing Google and Twitch Logins for Seamless Web3 Access

Sui, a pivotal Layer 1 blockchain which, since its main net send-off in May, has been accomplishing network achievements at a wonderful speed, today reported through Sui Establishment, the send-off of zkLogin, a web 3 verification Solution that permits end clients to log into decentralized applications (dApps) Using similar social records they are familiar with Using in the customary web.

Business

Sep 13, 2023

GMR Power’s Stock Rises 10% on 2,470 Crore Smart Metering Project in Uttar Pradesh-thumnail

GMR Power’s Stock Rises 10% on 2,470 Crore Smart Metering Project in Uttar Pradesh

Following the award of a smart metering project in Uttar Pradesh worth 2,470 crore, GMR Power and Urban Infra saw a 10% increase in share price.

Business

Sep 13, 2023

Hindalco hires Metra to provide items for Indian train carriages-thumnail

Hindalco hires Metra to provide items for Indian train carriages

The cooperation between Hindalco Industries Ltd and Metra SpA is a critical step in bringing world-class technology to the region.

Business

Sep 12, 2023

The UPS CEO says the new labour deal with Teamsters will cost less than $30 billion – CNBC-thumnail

The UPS CEO says the new labour deal with Teamsters will cost less than $30 billion – CNBC

As the firm works to convince investors that the arrangement is a good one, UPS CEO Carol Tome said that the costs associated with the new Teamsters contract were lower than the “$30 billion in new money” cited by the union.

Business

Sep 12, 2023

Sebi concealed data and slept through DRI’s letter on Adani stock manipulation: PIL-thumnail

Sebi concealed data and slept through DRI’s letter on Adani stock manipulation: PIL

Sebi notified the Supreme Court on August 25 that it had concluded its investigation into all but two claims against the Adani Group and was still expecting evidence from five tax havens.

Business

Sep 12, 2023


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