NEWS
Saudi Arabia pauses work on landmark Mukaab megaproject as funding review begins
By Cygnus | 27 Jan 2026
Saudi Arabia has halted construction on the landmark Mukaab skyscraper in Riyadh’s New Murabba district as authorities review funding, fiscal priorities and project feasibility.
Hindalco announces $2.3 billion aluminium smelter expansion in India
By Cygnus | 27 Jan 2026
Hindalco plans to invest about $2.3 billion in an aluminium smelter expansion in Odisha and has commissioned a battery-grade foil plant to support EV and energy storage supply chains.
UK politicians urge competition review of Netflix’s Warner Bros Discovery bid
By Cygnus | 27 Jan 2026
UK politicians have urged the Competition and Markets Authority to launch a full competition review of Netflix’s proposed $83 billion bid for Warner Bros Discovery, raising concerns about market dominance and consumer choice.
Anta Sports buys 29% stake in Puma for $1.8 billion, rules out full takeover
By Axel Miller | 27 Jan 2026
China’s Anta Sports will buy a 29.06% stake in Puma for €1.5 billion ($1.8 billion), becoming the German sportswear brand’s largest shareholder while ruling out a full takeover.
Micron to invest $24 billion in new Singapore memory chip plant
By Cygnus | 27 Jan 2026
Micron plans a $24 billion memory chip fab in Singapore, with NAND production slated for late 2028 and HBM packaging starting in 2027, as global AI demand soars.
Nvidia CEO Jensen Huang visits Shanghai as China AI chip approvals remain unclear
By Cygnus | 24 Jan 2026
Nvidia CEO Jensen Huang is visiting Shanghai as China reviews approvals for the company’s H200 AI chip, adding uncertainty to Nvidia’s China sales outlook.
US SEC seeks court nod to serve Gautam, Sagar Adani by email as India route stalls
By Axel Miller | 23 Jan 2026
The US SEC asked a Brooklyn court to allow email service to Gautam and Sagar Adani after India rejected summons requests twice, stalling a civil case tied to Adani Green.
Apple supplier Pegatron targets March-end completion of first U.S. factory in Texas
By Cygnus | 23 Jan 2026
Apple supplier Pegatron expects its first U.S. factory in Texas to be completed by end-March 2026, with trial production planned for late March or April.
Indian Patent Office rejects AbbVie patent bid for cancer drug Venetoclax; generics may enter market
By Cygnus | 23 Jan 2026
The Indian Patent Office rejected AbbVie’s patent application for cancer drug Venetoclax (Venclexta), a decision expected to ease the entry of lower-cost generics.
India antitrust probe links Tata Steel, JSW to alleged steel cartel via WhatsApp chats
By Axel Miller | 23 Jan 2026
India’s competition watchdog linked Tata Steel, JSW Steel, SAIL and RINL to alleged price coordination and production cuts using WhatsApp chats and production data, Reuters reported.
Godrej Industries explores consumer, animal feed acquisitions as valuations stay high
By Axel Miller | 23 Jan 2026
Godrej Industries is exploring acquisitions in consumer goods and animal feed, Group Chair Nadir Godrej said at Davos, as India’s dealmaking momentum and growth outlook stay strong.
Renault bets on Duster revival to rebuild India business with premium SUV push
By Cygnus | 23 Jan 2026
Renault will revive the Duster SUV in India on Jan 26, 2026 as part of a premium-led strategy, backed by full control of its Chennai plant and a wider product push.
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