Hyundai Motors Indian division has acquired the General Motors Talegaon plant, which will enhance their production capacity to one million units, per year.

As the aircraft manufacturer struggles with a lack of American imports into the important aviation market, Boeing (BA.N) named Alvin Liu head of its China branch on Wednesday. Liu is a Chinese-born representative who was recently hired by the auto industry.

According to The Economic Times, the top three telecoms in India, Reliance Jio, Vodafone Idea, and Bharti Airtel, want to increase their current workforces by up to 25% in FY 2024. 

Vegapay has recently raised $1.1 million, in seed funding with Eximius Ventures leading the investment and receiving support from DSP HMK, Capri Global, and other investors.

With the help of wealthy American investors, pro-business regulations, and an additional impetus from a planned judicial reform at home that has alarmed investors, an increasing number of Tech Startups from Israel are incorporated in the United States.

InMobi, a company based in California that specializes in content monetization and marketing technology has bolstered its privacy solutions by acquiring Quantcast Choice, a platform, for managing user consent. This acquisition aims to improve data governance, consent management, and privacy control for publishers who operate on devices and the web. The transition of Quantcast Choice customers and the introduction of the offering, for publishers are expected to happen in the future.

On Wednesday, investors predicted that China’s central bank would loosen monetary policy further after a surprise rate cut, even if it puts the yuan under pressure. As a result, yield differentials between China and the US extended to their largest level in 16 years.

Apple Inc. is set to begin production of its cutting-edge iPhone 15, in Tamil Nadu, India with the aim of reducing the gap between its manufacturing center.

Intel Corporation has decided to terminate its $5.4 billion acquisition agreement, with Tower Semiconductor, a chipmaker. The reason behind this decision is the failure to obtain approval from China. This development highlights the impact of tensions between the United States and China on business deals. As part of the termination, Intel will pay Tower a breakup fee of $353 million.

Occidental Petroleum has made an investment of $1.1 billion to acquire Carbon Engineering Ltd, a leading company, in air capture (DAC) technology. The objective behind this move is to set up 100 DAC plants that will play a role in addressing climate change by extracting CO2 from the atmosphere for purposes. With the support of grants, Occidental is actively advancing innovation, towards achieving emissions neutrality.

SBFC Finance made a strong entry onto Dalal Street on Wednesday, August 16. The stock was listed at Rs 82 per share, representing a substantial premium of 44 percent compared to its issue price of Rs 57 per share on the National Stock Exchange (NSE). Similarly, it debuted at a premium of 44 percent on the BSE, trading at Rs 81.99 per share.

Delhi Metro Rail Corp. and the Indian Railway Catering and Tourism Corporation (IRCTC) signed a contract to offer metro tickets using QR codes on their respective platforms. Both IRCTC and DMRC passengers are expected to gain from the project.