Corporate finance
Apple to discuss investment plans with Indonesia to resume iPhone 16 sales
By Cygnus | 07 Jan 2025
Indonesia’s Ministry of Industry is set to meet representatives from Apple to discuss the tech giant’s investment proposal, a critical step to reintroduce the iPhone 16 to the Indonesian market.
Sebi study finds irregularities in royalty payouts by listed Indian companies
16 Nov 2024
A study on the pattern of royalty payments by Indian companies by market regulator Securities and Exchange Board of India (Sebi) has found that between 2014 and 2023
Anil Ambani invests Rs1,104 cr as Reliance Infra achieves debt-free status
23 Sep 2024
Anil Ambani has made a spectacular comeback with fresh equity investment in Reliance Infrastructure after the company along with Reliance Power achieved debt-free status by clearing around Rs8,000 core debt.
JSW Cement to raise Rs4,000 crore via IPO, files draft papers with Sebi
20 Aug 2024
JSW Group firm JSW Cement has filed draft red herring prospectus with market regulator Securities and Exchange Board of India (Sebi) for an initial public offer (IPO) to raise up to Rs4,000 crore.
Mahindra to invest Rs26,000 cr, launch 23 new vehicle models by 2030
18 May 2024
Mahindra & Mahindra Ltd has announced major expansion plans with proposed investment of around Rs26,000 crore across existing and new automotive technologies, including ICE, EV and possibly hybrid technology.
Suzlon to merge wholly-owned subsidiaries, spin off projects business
06 May 2024
The board of directors of wind power pioneer Suzlon Energy Ltd has approved a scheme of amalgamation under which the company will merge its wholly-owned subsidiaries, Suzlon Global Services and Suzlon Energy Ltd, Mauritius, with itself.
Suzlon to merge wholly-owned subsidiaries, spin off projects business
06 May 2024
The board of directors of wind power pioneer Suzlon Energy Ltd has approved a scheme of amalgamation under which the company will merge its wholly-owned subsidiaries, Suzlon Global Services and Suzlon Energy Ltd, Mauritius, with itself.
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ABB to buy back shares worth up to $1 billion
01 Apr 2024
Electrification and automation technology leader ABB will launch a new share buyback programme for up to $1 billion, under which the company will be buying back nearly 21.3 million shares at the current market price.
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Jio Financial’s Q3 net profit down 56% at Rs294 crore
18 Jan 2024
Mukesh Ambani group’s financial services company Jio Financial Services has reported a net profit of Rs294 crore for fiscal third quarter (October-December 2023), down 56 per cent from Rs668.18 crore
Mukesh Ambani re-enters the $100 billion club
12 Jan 2024
Mukesh Ambani, the prominent figure in India’s business landscape, has reclaimed his position in the exclusive $100 billion club. On Thursday, 11 January 2024, the chairman of Reliance Industries Ltd. witnessed his wealth surge by $2.8 billion, reaching an impressive $101.8 billion.
BlackRock slashes Byju’s valuation to $1 billion amid ongoing challenges
12 Jan 2024
In a recent disclosure by US-based asset manager BlackRock, the valuation of its stake in ed-tech giant Byju’s has been further reduced to approximately $1 billion, marking a significant 95% decrease from its peak valuation of $22 billion in 2022
BlackRock slashes Byju’s valuation to $1 billion amid ongoing challenges
12 Jan 2024
In a recent disclosure by US-based asset manager BlackRock, the valuation of its stake in ed-tech giant Byju’s has been further reduced to approximately $1 billion, marking a significant 95% decrease from its peak valuation of $22 billion in 2022
JLR sales jump 27% in October-December 23 quarter.
10 Jan 2024
Jaguar Land Rover, the UK luxury car business of Tata Group, has reported wholesales of 101,943 units in fiscal third quarter ended 31 December 2023,
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Microchip Technology set to receive $162 million award from U.S. to boost production
05 Jan 2024
The U.S. Commerce Department announced plans on Thursday, 4 January 2024, to grant $162 million to Microchip Technology in government funding, aiming to enhance the production of semiconductors and microcontroller units (MCUs) critical for the consumer and defense industries.
India's fintech sector faced a 63% funding decline in 2023
04 Jan 2024
Amid the funding winter, India’s fintech sector experienced a significant setback, with a 63% decline in fund inflows throughout 2023, according to a report by Tracxn.
India's fintech sector faced a 63% funding decline in 2023
04 Jan 2024
Amid the funding winter, India’s fintech sector experienced a significant setback, with a 63% decline in fund inflows throughout 2023, according to a report by Tracxn.
India's fintech sector faced a 63% funding decline in 2023
04 Jan 2024
Amid the funding winter, India’s fintech sector experienced a significant setback, with a 63% decline in fund inflows throughout 2023, according to a report by Tracxn.
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Hindustan Unilever faces Rs 447.5 crore GST demands and penalties
02 Jan 2024
Leading fast-moving consumer goods (FMCG) manufacturer, Hindustan Unilever Ltd. (HUL), disclosed on Monday, 1 January 2024, that it has been served with Goods and Services Tax (GST) demands and penalties totaling Rs. 447.5 crores by the authorities.
Hindustan Unilever faces Rs 447.5 crore GST demands and penalties
02 Jan 2024
Leading fast-moving consumer goods (FMCG) manufacturer, Hindustan Unilever Ltd. (HUL), disclosed on Monday, 1 January 2024, that it has been served with Goods and Services Tax (GST) demands and penalties totaling Rs. 447.5 crores by the authorities.
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.
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.
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Vedanta Resources Ltd. secures $1.25 billion for debt refinancing and credit facilities
14 Dec 2023
In a strategic move, Vedanta Resources Ltd., the parent company of Vedanta Ltd., has successfully secured $1.25 billion from private lenders for debt refinancing and a new credit facility.
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Tesla recalls 2 million U.S. vehicles due to Autopilot safety concerns
14 Dec 2023
In response to safety concerns raised by a federal safety regulator, Elon Musk’s Tesla is recalling more than 2 million vehicles in the United States.
SpiceJet plans to raise Rs2,250-cr through private placement
14 Dec 2023
The board of directors of SpiceJet has approved a proposal to raise around Rs2,250 crore, through the issuance of equity shares/equity warrants under a private placement basis to various investors.
Meta CEO Zuckerberg sells over 560,000 shares amid stock surge
05 Dec 2023
Meta’s Chief Executive, Mark Zuckerberg, has offloaded a significant number of shares despite the social media giant’s stock surging to nearly a two-year peak in November 2023.
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The life and times of Manmohan Singh, former Prime Minister of India
By Cygnus | 28 Dec 2024
On 27th December 2024 India and the world lost one of their finest statespersons in a hundred years. Manmohan Singh, born on 26th September 1932, in Gah, Punjab (now in Pakistan)
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COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
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