On Monday, rating agency Moody’s cut the credit ratings of a number of American banks and issued a warning that it was examining the situation of some of the major lenders in the country.

Renesas Gadgets Organization a head provider of cutting-edge semiconductor arrangements, and Sequans Correspondences S.A. (NYSE: SQNS, Sequans), a forerunner in 5G/4G cell IoT chips and modules, today reported that the two organizations have gone into a reminder of understanding (the MoU).

Saudi Middle Eastern state oil monster Aramco revealed a close to 38% drop in second-quarter net benefit on Monday amid more fragile oil costs and more slender refining and synthetic substances edges, as it supported its profit with another exhibition-connected payout.

The $1 billion Green HVDC connection project, which will enable the provision of additional renewable Energy to the city and sustain its expanding energy demand, was successfully closed financially, according to a Monday announcement by Adani Energy Solutions.

Yatharth Hospital & Trauma Care Services made­ its debut on August 7th, with a slight 2% premium instead of the­ predicted 20% surge prompte­d by market sentiment.

An off-market transfer would be used to buy a 10.3% interest in Paytm from Antfin by a foreign company owned by Jai Shekhar Sharma.

TVS Supply Chain Solutions Ltd, based in Chennai will soon begin its public subscription period from August 10th to 14th. The company aims to raise around Rs 600 crore through this initiative. Known for its handling of supply chains TVS Supply Chain intends to utilize the funds for repaying its debts. The company has demonstrated growth, in FY23 displaying trends, in both revenue and profit.

Apple’s Q3 earnings revealed a mixed performance with iPhone revenue dipping to $39.67B from $40.66B last year. However, a robust services sector surged from $19.6B to $21.2B YoY, surpassing predictions. CEO Tim Cook hailed the growth of paid subscriptions and emphasized the company’s commitment to values and innovation.

Go Student, a prominent ed-tech unicorn secures an impressive $95 million in a strategic funding round from investors including Deutsche Bank and Left Lane Capital.

Mahindra & Mahindra Ltd. (M&M) said that Temasek, a worldwide investment corporation, will invest ₹1,200 crore in Mahindra Electric Automobile Ltd. (MAEL), its subsidiary for electric vehicles.

Singapore’s largest bank, DBS Group, has announced a remarkable 48% surge in its second-quarter profit, beating forecasts and setting a new record.

Ambuja Cements has made an acquisition of Sanghi Industries Ltd for Rs 5,000 crore. The acquisition was funded internally. This has allowed Ambuja Cements to secure a controlling stake of 56.74%.