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Block deal in real estate firm DLF to be executed by an exiting promotor at a 3% discount-thumnail

Block deal in real estate firm DLF to be executed by an exiting promotor at a 3% discount

DLF, a known real estate developer is planning to conduct a block deal on August 1st worth Rs 1,086.2 crore. They are offering a 3 percent discount compared to the market price. In the quarter that ended in June 2023, DLF exceeded analysts’ expectations by generating a profit of Rs 526.11 crore. As part of their re-entry, into the Mumbai market, DLF has partnered with Trident Group. Together they plan to launch a project in Andheri West spanning over nine lakh sq ft. The company is investing Rs 400 crore as equity, for this development initiative.

Business

Aug 1, 2023

Reliance and Brookfield strike an agreement to manufacture renewable energy equipment there-thumnail

Reliance and Brookfield strike an agreement to manufacture renewable energy equipment there

Reliance Industries Ltd. (RIL), the oil-to-telecom giant headed by billionaire Mukesh Ambani, revealed on Tuesday that Brookfield Asset Management and it had inked a Memorandum of Understanding (MoU) for the

Industry

Aug 1, 2023

OMC decreases the price of commercial cylinders by Rs. 99.75; increases ATF by 8.5%-thumnail

OMC decreases the price of commercial cylinders by Rs. 99.75; increases ATF by 8.5%

“Oil marketing companies have reduced commercial cylinders or LPG gas prices, benefiting businesses with lower costs. Domestic cooking gas rates remain unchanged.

Business

Aug 1, 2023

Japan’s chip supplier Disco mulling plans to establish a facility in India-thumnail

Japan’s chip supplier Disco mulling plans to establish a facility in India

Disco, a supplier of chipmaking devices is contemplating the idea of establishing a center, in India. This center would not provide support to clients. Also, serve as a marketing hub for the semiconductor industry. The fact that major companies like AMD and Micron Technology are investing significantly in India indicates a transformation, in the country’s semiconductor landscape.

Industry

Aug 1, 2023

Fintech startup RupeeRedee secures $3.5 mn in funding-thumnail

Fintech startup RupeeRedee secures $3.5 mn in funding

RupeeRedee, a fintech startup in India, secured $3.5 million in equity funding from its parent company Digital Finance International. This funding aims to expand its operations and enhance product offerings,

Finance

Jul 31, 2023

“Lamborghini’s Ambitious Drive: A Record-Breaking Year in Luxury Sports Cars”-thumnail

“Lamborghini’s Ambitious Drive: A Record-Breaking Year in Luxury Sports Cars”

Lamborghini, the opulent sports vehicle manufacturer and a subsidiary of Volkswagen in Germany, sets its points of interest on a groundbreaking 12 months, fueled with the aid of the self

Automation

Jul 31, 2023

Amid U.S. tech tensions, China curbs exports of drone-related equipment-thumnail

Amid U.S. tech tensions, China curbs exports of drone-related equipment

China on Monday announced export restrictions on some drone-related equipment, claiming that it was doing so to protect “national security and interests” in the face of rising tensions with the

Industry

Jul 31, 2023

The Wall Street Journal reports that US trucking company Yellow has shut down operations-thumnail

The Wall Street Journal reports that US trucking company Yellow has shut down operations

The Teamsters Union announced on Sunday that cash-strapped US trucking company Yellow Corp (YELL.O) has suspended operations and is declaring bankruptcy after failing to restructure and refinance more than a billion dollars in debt.

Business

Jul 31, 2023

As the market tempers its growth pessimism, Goldman upgrades its oil demand outlook-thumnail

As the market tempers its growth pessimism, Goldman upgrades its oil demand outlook

While maintaining its 12-month Brent price forecast of $93 per barrel, Goldman Sachs revised up its global oil demand forecast for the year on Sunday as higher realised inventories offset

Finance

Jul 31, 2023

In China, Toyota will boost EV development and technology-thumnail

In China, Toyota will boost EV development and technology

The world’s largest automaker, Toyota, declared its intention to accelerate the development of electric vehicle (EV) technology in China, indicating a tactical move to combat the fierce competition in the

Automation

Jul 31, 2023

Persistent Systems partners with Google Cloud; launches Google Cloud-powered Generative AI solutions-thumnail

Persistent Systems partners with Google Cloud; launches Google Cloud-powered Generative AI solutions

Persistent Systems and Google Cloud have deepened their collaboration by introducing a variety of Generative AI solutions.

AI

Jul 31, 2023

Chinese Battery Materials Firms Invest Heavily in South Korea to Comply with US EV Tax Credit Rules -thumnail

Chinese Battery Materials Firms Invest Heavily in South Korea to Comply with US EV Tax Credit Rules 

Chinese battery materials companies are stepping up their investments in South Korea, with projects worth at least $4.4 billion announced this year. This move is in response to the US

Automotive

Jul 31, 2023


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