Taiwanese chipmaker TSMC (Taiwan Semiconductor Manufacturing Co Ltd) is anticipated to announce a 27% decrease in net profit for the second quarter of the year.

According to Reuters, Liu Liehong, 54, a veteran of electronics and information technology who now serves as the chairman of China Unicom, will take over the National Data Bureau in the coming days.

With a 70% decline in investment since FY22, Indian entrepreneurs are experiencing a financial winter, requiring them to reduce the burn rate and accelerate their route to profitability. According to Redseer’s examination of 100 unicorns, the number of profitable unicorns will increase from 30 in FY22 to 55 in FY27. 

As Microsoft’s acquisition of the video game firm neared completion, Warren Buffett’s Berkshire Hathaway sold off a sizable amount of its Activision Blizzard holdings.

According to Al Jazeera, President Joe Biden’s administration was urged by the US Semiconductor Industry Association to “avoid adding new restrictions on chip sales to China.”

Bengaluru Metro Rail Corporation Limited (BMRCL) is getting ready to start testing two new metro lines next month in an effort to improve the traveling experience for customers.  The route

JSPL, under the leadership of Naveen Jindal, is said to be engaging in discussions to secure funding of around $3 billion from credit funds and foreign banks. This capital infusion

China’s economic expansion during the second quarter of the year has displayed indications of fragility as both internal and external demand experience a downturn. The post-pandemic momentum has deteriorated swiftly,

Ashok Leyland, a company that specializes in manufacturing automobiles has recently been awarded defense contracts Rs 800 crore. These contracts involve the acquisition of the Field Artillery Tractor (FAT 4X4) and the Gun Towing Vehicle (GTV 6X6). These vehicles will play a role, in the government’s initiatives to promote manufacturing, in the defense sector.

US climate envoy John Kerry has stressed the critical need for China and the United States to make substantial advancements in addressing climate change in the four months leading up to the UN-sponsored climate talks in Dubai.

Youth fashion company Styched has strategically acquired casual sneaker startup Flatheads with the goal of solidifying its position, as a player in the fashion industry. Flatheads is known for its expertise, in sneakers while Styched operates with a unique approach that eliminates waste, inventory, and warehousing. This acquisition will bolster Styched’s sneaker collection. Broaden its reach in the market.

In a twist, Sheela Foam Ltd has decided to acquire its competitor, Kurlon Enterprise Ltd in a transaction, at a reduced price of Rs 2,150 crore. This strategic move is aimed at enhancing Sheela Foam’s’ market presence and capitalizing on cost advantages, synergies, and improved access, to materials.