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VinFast, an EV manufacturer from Vietnam is worth more than Ford or GM-thumnail

VinFast, an EV manufacturer from Vietnam is worth more than Ford or GM

VinFast, a Vietnamese EV manufacturer, saw it’s stock market valuation leap over that of Ford and General Motors (GM).

Business

Aug 16, 2023

Two promoter group entities acquire a 2.03% stake in Adani Ports-thumnail

Two promoter group entities acquire a 2.03% stake in Adani Ports

Between June 2 and August 11 two entities, from the promoter group came together to acquire a stake of 2.03%, in Adani Ports and Special Economic Zone through market transactions

Business

Aug 16, 2023

The Upcoming Apple Iphone 15 Is Being Produced By Foxconn In Tamil Nadu Ahead Of Its Introduction In September : Report-thumnail

The Upcoming Apple Iphone 15 Is Being Produced By Foxconn In Tamil Nadu Ahead Of Its Introduction In September : Report

Only a few weeks after they begin shipping from Chinese manufacturers, Foxconn Technology Group’s Sriperumbudur facility is getting ready to supply the newest smartphones, according to a report.

Business

Aug 16, 2023

South Korea’s Hyundai Motor to buy General Motors’ Talegaon plant-thumnail

South Korea’s Hyundai Motor to buy General Motors’ Talegaon plant

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

Automotive

Aug 16, 2023

New Boeing China president appointed amid Sino-US tensions-thumnail

New Boeing China president appointed amid Sino-US tensions

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.

News

Aug 16, 2023

Reliance Jio, Vodafone Idea, and Bharti Airtel will all add 25% more employees in FY24-thumnail

Reliance Jio, Vodafone Idea, and Bharti Airtel will all add 25% more employees in FY24

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. 

Business

Aug 16, 2023

Lending and card management platform Vegapay raises $1.1 million-thumnail

Lending and card management platform Vegapay raises $1.1 million

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.

Investment & Funding

Aug 16, 2023

Startups from Israel flock to the US amid domestic uncertainty-thumnail

Startups from Israel flock to the US amid domestic uncertainty

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.

News

Aug 16, 2023

California-based content monetization firm InMobi acquires consent managing platform Quantcast Choice-thumnail

California-based content monetization firm InMobi acquires consent managing platform Quantcast Choice

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.

Business

Aug 16, 2023

Chinese and US yield gaps widen to the highest since 2007 after a surprise cut-thumnail

Chinese and US yield gaps widen to the highest since 2007 after a surprise cut

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.

Business

Aug 16, 2023

Foxconn Group begins iPhone 15 production in Tamilnadu Plant-thumnail

Foxconn Group begins iPhone 15 production in Tamilnadu Plant

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.

Business

Aug 16, 2023

Intel to drop its $5.4 billion deal to acquire chipmaker Tower Semiconductor Ltd as China delays approval-thumnail

Intel to drop its $5.4 billion deal to acquire chipmaker Tower Semiconductor Ltd as China delays approval

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.

Business

Aug 16, 2023


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