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Tag: Business
Over $10 billion was deposited in Apple’s high-yield savings accounts-thumnail

Over $10 billion was deposited in Apple’s high-yield savings accounts

The iPhone manufacturer estimated the entire amount of deposits at around $10 billion in a news release on Wednesday. According to Apple, that money accumulated throughout the roughly 3.5 months that Apple Card customers had the option of opening them.

Business

Aug 3, 2023

Prosus-backed Fintech firm PayU gearing up for stock debut next year-thumnail

Prosus-backed Fintech firm PayU gearing up for stock debut next year

PayU, a financial technology company supported by Prosus is preparing to make its debut on the stock exchange. Its estimated value is expected to be $6- 6.5 billion. The company, led by Arvind Agarwal, who previously served as CFO, at Nykaa plans to share its draft prospectus in the year.

Finance

Aug 2, 2023

Unstop, a community engagement and hiring platform for students raises $5 million in funding-thumnail

Unstop, a community engagement and hiring platform for students raises $5 million in funding

Unstop, a platform based in Delhi has recently received funding of $5 million. The funding round was led by Mynavi, from Japan and Coursera which marks Courseras’s investment in a company.

Business

Aug 2, 2023

Ambuja Cements acquires a majority stake in Sanghi Industries at a $729 million valuation-thumnail

Ambuja Cements acquires a majority stake in Sanghi Industries at a $729 million valuation

India’s Ambuja Cements is planning to bolster its cement portfolio by acquiring a majority stake, in Sanghi Industries. This strategic move, spearheaded by billionaire Gautam Adanis’s company signifies their commitment to expanding in the sector. Adani’s cement holdings, which include Ambuja and ACC Ltd currently have a production capacity of, over 65 million tonnes throughout India.

Business

Aug 2, 2023

Asia’s Factory Activity Contracts in July Amid Global Slowdown and China’s Weakness-thumnail

Asia’s Factory Activity Contracts in July Amid Global Slowdown and China’s Weakness

Asia’s factory activity shrank in July, as shown by private surveys, signaling a slowdown in global growth and the impact of China’s weakening economy on the region’s fragile recovery.

Business

Aug 1, 2023

Meet Ajay Singh- The serial entrepreneur bolstering business landscape in Kalimpong-thumnail

Meet Ajay Singh- The serial entrepreneur bolstering business landscape in Kalimpong

There will always be challenges in life and we have to learn how to navigate ourselves to our objective through that. Nobody is saying that life should be easy and

Business

Jul 31, 2023

Meet Navneet Maheshwari- A Financial Market Expert-thumnail

Meet Navneet Maheshwari- A Financial Market Expert

The world is berserk when it comes to visualizing that comfortable life you might hope for you and your family. Everywhere an aspiring citizen might drop an eye screams challenging

Business

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

Bharti Airtel makes Rs. 8,024 crore payment to DoT; clearing 2015 auction dues-thumnail

Bharti Airtel makes Rs. 8,024 crore payment to DoT; clearing 2015 auction dues

Bharti Airtel, one of India’s telecom companies has recently made a payment of Rs. 8,024 crore, to the Department of Telecommunications.

Business

Jul 31, 2023

Foxconn to sign an agreement with Tamilnadu to set up Rs. 1600 crore plant-thumnail

Foxconn to sign an agreement with Tamilnadu to set up Rs. 1600 crore plant

Foxconn, an electronics manufacturing company plans to invest an amount of $194.45 million, in India. Through its subsidiary Foxconn Industrial Internet (FII), the company aims to establish a state-of-the-art facility for components in the Kancheepuram district of Tamil Nadu.

Business

Jul 31, 2023

Sunil Shetty invests in Pro Panja League; acquires single-digit equity-thumnail

Sunil Shetty invests in Pro Panja League; acquires single-digit equity

Suniel Shetty, a known actor and entrepreneur has recently made an investment, in Pro Panja League. This emerging professional arm wrestling tournament is gaining popularity in India. The league emphasizes its roots welcomes participants, from backgrounds, and aims to attract a wide audience through television broadcasts. In its season the league aspires to captivate viewers and establish an online community. The future looks promising for this growing sport. 

Business

Jul 31, 2023

Bajaj Auto to establish its first overseas manufacturing plant in Brazil-thumnail

Bajaj Auto to establish its first overseas manufacturing plant in Brazil

Bajaj Auto, an exporter of motorcycles and three-wheelers is expanding its operations into Brazil by setting up its inaugural manufacturing facility overseas under the name Bajaj Do Brasil.

Automotive

Jul 31, 2023


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