NEWS
Intel to receive a $3.2 billion grant for a $25 billion chip plant in southern Israel
27 Dec 2023
The Israeli government has approved a $3.2 billion grant for Intel’s ambitious plan to construct a $25 billion chip plant in southern Israel.
India pays in rupee for oil imported from UAE, for the first time
27 Dec 2023
India’s bid to trade in local currency, the rupee, seems to have finally found traction. The United Arab Emirates (UAE) has accepted payment for crude oil in rupee, for the first time.
Wipro files a legal case against former CFO Jatin Dalal
27 Dec 2023
IT giant Wipro has taken legal action against its former Chief Financial Officer (CFO), Jatin Dalal. Dalal, who served as the CFO of Wipro since April 2015, shifted to Cognizant on 1 December 2023.
Japanese auto giants to invest $4.34 billion in Thailand's electric vehicle transition
26 Dec 2023
In a significant development for Thailand’s automotive landscape, major Japanese auto manufacturers are set to inject a substantial sum of 150 billion baht into the country over the next five years.
Godrej Properties achieves record sales with the Gurugram luxury housing project
26 Dec 2023
Godrej Properties announced on Tuesday, 26 December 2023, the successful sale of more than 600 flats in its newest luxury housing venture in Gurugram, Haryana.
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Reliance, Disney to consolidate media operations in India
26 Dec 2023
Reliance Industries is reported to have signed a non-binding agreement with Walt Disney Company for merger of their media operations in India.
India’s NewSpace test-flies high-altitude long-endurance UAV
26 Dec 2023
Bengaluru-based NewSpace Research and Technologies Pvt Ltd (NRT) on Saturday said it has carried out the first test-flight of a solar-powered, long-endurance drone.
India-bound merchant ship hit by drone strike In Arabian Sea
26 Dec 2023
An India-bound merchant ship was hit by a drone strike that caused an explosion and fire on the vessel in the Arabian Sea, off the Veraval cost, on Saturday. No casualties have been reported.
Bristol Myers to buy schizophrenia drugmaker Karuna Therapeutics for $14 bn
26 Dec 2023
Bristol Myers Squibb on Friday agreed to acquire Karuna Therapeutics, a pioneer in schizophrenia drugs, for $330 per share in cash
RBC gets govt nod for $10 bn acquisition of HSBC Canada
23 Dec 2023
The Canadian government on Thursday granted approval for Royal Bank of Canada’s C$13.50 billion ($10.20 billion) acquisition of the Canadian assets of HSBC (HSBC Canada)
Intel to lay off 235 more employees in US as it reworks strategy
23 Dec 2023
Computer chip maker Intel Corporation plans to lay off around 235 employees at its research and development facility in Folsom, Sacramento County over two weeks, as part of its ongoing efforts to cut costs.
Deadline for $10-bn Zee-Sony merger extended by a month
22 Dec 2023
Zee Entertainment Enterprises Ltd (ZEEL) and Sony Group Corporation have arrived at an agreement to extend the deadline for their $10 billion merger bay a month.
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