Reliance Industries in collaboration, with Brookfield Infrastructure, intends to allocate an amount of 10 billion rupees towards the establishment of data centers within India. This strategic endeavor aims to leverage the increasing need for infrastructure as more individuals join the community.

In a significant development in the ongoing financial crisis surrounding China Evergrande Group, a Hong Kong court has announced that it will make a crucial decision in September regarding the embattled property developer’s offshore debt restructuring.

The finance ministry of the Union has given its approval, for an interest rate of 8.15% on contributions made towards the fund for the year 2022 23. This decision, which

Reliance Jio’s upcoming JioBook, expected to be released before July 31 is aimed at budget individuals seeking a laptop experience. It features 4G connectivity and an octa-core processor ensuring performance,

In the midst of a severe financial crisis, Argentina is on the verge of finalizing a staff-level agreement with the International Monetary Fund (IMF) over a review of the country’s $44 billion loan with the institution.

China’s real estate industry is experiencing a severe downturn, with stocks and bonds in the sector hitting eight-month lows. The country’s two largest developers, Country Garden and Dalian Wanda, are

Motion G, a company based in Singapore recently secured $16 million, in funding through a funding round led by Episteme Inc. Their goal is to revolutionize the field of engineering by enhancing productivity through the use of machine learning, data science, AIGC, and digital twin technologies.

Byjus, the leading educational technology company, in India, has made a decision to downsize its office space in Bengaluru as a cost-cutting measure due to funding delays. Additionally, they have

Cryptocurrency markets, in Asia, saw a mix of movements with Bitcoin bouncing above the US$30,000 support level before pulling while Ether climbed to US$1,900. Among the 10 cryptocurrencies, the Cardanos ADA token showed gains. The U.S. Investors are preparing for earnings reports. Keeping an eye on the rate hike during the Federal Reserves ‘ day meeting. The SEC’s ruling, on Ripple, is expected to face challenges. NFTs and U.S. Equity futures remained relatively stable in trading. The total market capitalization of cryptocurrencies reached US$1.20 trillion, accompanied by increased trading volume.

Shares of Reliance Industries (RELI.NS), India’s largest company by market capitalization, experienced a significant setback on Monday as the conglomerate reported a larger-than-expected drop in profit, leading to a nearly 3% decline. This comes on the back of a 3.1% slide in the stock on Friday, just before the release of the financial results. Earlier this month, the stock had rallied over 13%, reaching a record high before the demerger of Jio Financial Services last Thursday. The recent stock performance has raised concerns about the company’s flagship oil-to-chemicals (O2C) business, which had experienced record-high refining margins last year due to the surge in fuel demand following the post-pandemic recovery.

As rising borrowing costs put pressure on companies who are heavily indebted with floating-rate debt, the $1.4 trillion hazardous corporate loan market in America has been rocked by the largest

Byjus, a startup, in the education technology sector based in India is currently experiencing difficulties as a consortium of lenders aims to reevaluate the terms of a loan $1.2 billion.