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Tata Group becomes the first Indian iPhone manufacturing company; deal signup in August-thumnail

Tata Group becomes the first Indian iPhone manufacturing company; deal signup in August

The continuous progress made by Tata Group seems poised for further consolidation with reports suggesting their imminent acquisition of a factory presently administered by Wistron Corp., an esteemed Apple supplier. Pertinently this factory represents a critical component in the intricate assembly procedures associated with iPhones and boasts an impressive valuation exceeding $600 million. Should this arrangement reach fruition Tata would secure their entry into the competitive realm of iPhone production thereby contributing significantly to India’s manufacturing sector. Furthermore. It would serve as a commendable feat for Apple. Allowing them to effectively diversify their supply chain in order to alleviate dependence on China.

Business

Jul 11, 2023

Government to invite financial bids for IDBI bank stake sale by december-thumnail

Government to invite financial bids for IDBI bank stake sale by december

The government expects to invite financial bids for the strategic sale of IDBI Bank by December, aiming to generate around Rs 16,000 crore. The Department of Investment and Public Asset

Indian Govt

Jul 11, 2023

CarTrade tech shares gain 14% after Sobex Auto’s 100% acquisition from OLX-thumnail

CarTrade tech shares gain 14% after Sobex Auto’s 100% acquisition from OLX

CarTrade Tech Ltd. witnessed a commendable increase in its stock price when it successfully acquired Sobek Auto India Pvt. Ltd., a prominent automotive digital platform from OLX India.

Automotive

Jul 11, 2023

Asia FX rises, dollar at 2-mth low with top Took care of rate in sight-thumnail

Asia FX rises, dollar at 2-mth low with top Took care of rate in sight

Most Asian monetary forms rose on Tuesday, while the dollar sank amid developing wagers that the U.S. Central Bank was near closing its rate climb cycle, with concentration additionally going

Economy

Jul 11, 2023

AHH would invest Rs 10 crore in technologically advanced NICUs-thumnail

AHH would invest Rs 10 crore in technologically advanced NICUs

Asia Healthcare Holdings or AHH is increasing its investments in its technologically advanced remote ICU solution for neonatal care.

Business

Jul 11, 2023

UK to allocate 5% of their default pension funds for investment into unlisted startups-thumnail

UK to allocate 5% of their default pension funds for investment into unlisted startups

The UK government’s proposed reforms were presented by Finance Minister Jeremy Hunt. Seek to unleash a substantial amount of money from pension funds. The goal is to stimulate investments in early-stage companies and ultimately bolster economic growth. Furthermore, these changes aim to enhance pensioners’ returns by giving them the opportunity to invest in unlisted startups.

Economy

Jul 11, 2023

Meet Indian-origin women on the ‘America’s Richest Self-Made Women’ List, including Jayshree Ullal, Neerja Sethi, Neha Narkhede, and Indra Nooyi-thumnail

Meet Indian-origin women on the ‘America’s Richest Self-Made Women’ List, including Jayshree Ullal, Neerja Sethi, Neha Narkhede, and Indra Nooyi

With a total net worth of $4.06 billion, four Indian-origin women reached the Forbes list of America’s 100 richest self-made women. With a total net worth of $4.06 billion, four

Business

Jul 11, 2023

Netweb Technologies IPO to open up for public subscription on 17th July-thumnail

Netweb Technologies IPO to open up for public subscription on 17th July

Netweb Technologies India Ltd, a renowned provider of computing solutions is scheduled to launch its IPO on July 17. The IPO comprises a fresh issue along with an offer for sale by its existing promoters. Netweb has established itself as a reliable source for a diverse range of computing solutions and has consistently exhibited impressive financial performance. Additionally. Their eligibility for government schemes in India further strengthens their position in the market.

Business

Jul 11, 2023

South Korean Regulator Requests $4 Billion Financing to Support Troubled Credit Cooperative-thumnail

South Korean Regulator Requests $4 Billion Financing to Support Troubled Credit Cooperative

South Korea’s financial services regulator has reportedly asked major commercial banks to prepare approximately $4 billion in financing to provide support to MG Community Credit Cooperatives (MGCCC), which has been

Business

Jul 10, 2023

Joe Biden Seeks to Strengthen Relationships with King Charles and Prime Minister Rishi Sunak in Meetings Dominated by Climate Change and Ukraine Crisis-thumnail

Joe Biden Seeks to Strengthen Relationships with King Charles and Prime Minister Rishi Sunak in Meetings Dominated by Climate Change and Ukraine Crisis

President Joe Biden arrived in London on Sunday for a three-nation trip, which includes attending a NATO summit in Lithuania to show solidarity with Ukraine in the face of Russia’s invasion.

News

Jul 10, 2023

Thames Water Secures £750 Million Investment but Warns of Future Equity Needs-thumnail

Thames Water Secures £750 Million Investment but Warns of Future Equity Needs

Thames Water, the largest water company in Britain, announced on Monday that its investors had agreed to inject £750 million ($960 million) into the troubled business

Business

Jul 10, 2023

Big US banks report largest jump since the pandemic in loan losses-thumnail

Big US banks report largest jump since the pandemic in loan losses

As rising interest rates put increasing pressure on consumers throughout the economy, the leading US banks are expected to disclose this week the highest increase in loan losses since the start of the coronavirus outbreak.

Finance

Jul 10, 2023


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