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Tag: Business
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

According to reports, Walmart has purchased a $1.4 billion stake in Flipkart from Tiger Global-thumnail

According to reports, Walmart has purchased a $1.4 billion stake in Flipkart from Tiger Global

Walmart purchased a $1.4 billion Tiger Global stake in Flipkart to strengthen its foothold in India.

Business

Jul 31, 2023

Due to regulatory delays, Toshiba’s $14.35 billion acquisition was postponed until August-thumnail

Due to regulatory delays, Toshiba’s $14.35 billion acquisition was postponed until August

The opening of a tender offer for the firm, headed by Japan Industrial Partners (JIP), is anticipated to happen “sometime in August 2023,” rather than the originally anticipated late July timeframe, according to a statement released by Toshiba Corporation on Friday. 

Business

Jul 28, 2023

JSR Corp Announces $6.4 Billion Sale to Government-Backed Fund for Strategic Shift in Chip Materials Sector-thumnail

JSR Corp Announces $6.4 Billion Sale to Government-Backed Fund for Strategic Shift in Chip Materials Sector

In a striking move, JSR Corp (4185.T), a prominent manufacturer of photoresists crucial for chip fabrication, has astounded the industry with a momentous $6.4 billion agreement to go private, orchestrated by Japan Investment Corp, overseen by the trade ministry.

Business

Jul 28, 2023

BPEA EQT to Acquire 60% Stake in India’s Leading Fertility Clinic, Indira IVF-thumnail

BPEA EQT to Acquire 60% Stake in India’s Leading Fertility Clinic, Indira IVF

BPEA EQT, a known equity fund, with a focus on Asia, has recently agreed to purchase a significant 60% share in Indira IVF. Indira IVF is India’s leading provider of fertility services. Is considered a leader in IVF cycles. This acquisition values the company at $1.1 billion representing an investment, in the expanding Indian IVF industry.

News

Jul 28, 2023

Rising Employee Turnover in India’s Private Lenders Amid Strong Loan Demand-thumnail

Rising Employee Turnover in India’s Private Lenders Amid Strong Loan Demand

The banking industry in India is grappling with a growing trend of attrition, particularly affecting the sales division. During an earnings call, Yes Bank’s CEO, Prashant Kumar, acknowledged the industry-wide issue and emphasized the bank’s efforts to control attrition, setting a target of limiting overall employee turnover to 25-30%.

Business

Jul 27, 2023

China export controls will hit companies’ revenue, says US commerce chief-thumnail

China export controls will hit companies’ revenue, says US commerce chief

The Biden administration is attempting to precisely target U.S. export restrictions to China, according to Gina Raimondo, Secretary of Commerce, but regulations will cost businesses some income.

Business

Jul 27, 2023

RPG Group, Bain Capital, Dorf Ketal in race to buy a stake in Aquapharm Chemicals-thumnail

RPG Group, Bain Capital, Dorf Ketal in race to buy a stake in Aquapharm Chemicals

Aquapharm Chemicals, a company based in Pune and valued at, more than ₹4,500 crore has caught the attention of buyers such as RP Sanjiv Goenka Group, Bain Capital, and Dorf Ketal.

Business

Jul 27, 2023

Foxconn is in talks with the Tamilnadu government to set up a $200 mn plant by 2024-thumnail

Foxconn is in talks with the Tamilnadu government to set up a $200 mn plant by 2024

Foxconn, the electronics manufacturer is currently engaged in talks, with the government of Tamil Nadu regarding an investment of $200 million to establish a manufacturing plant for electronic components.

Business

Jul 27, 2023

Meta’s Facebook touches 3 billion active users says Meta’s latest report-thumnail

Meta’s Facebook touches 3 billion active users says Meta’s latest report

Meta’s recent quarterly report showcases statistics, for its suite of applications, such as Facebook, WhatsApp, Instagram, Messenger, and Threads. These apps collectively boast 3.88 billion active users representing nearly half of the global population actively engaging with Metas platforms. Moreover, Facebook has witnessed a resurgence, in users now reaching a staggering 2.064 billion individuals.

Business

Jul 27, 2023

Visa partners with Adani Group to offer co-branded cards-thumnail

Visa partners with Adani Group to offer co-branded cards

Visa, the known digital payments company has entered into a partnership, with Indias Adani Group, which is led by the billionaire Gautam Adani.

Business

Jul 26, 2023


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