investment Archives

SK Hynix to Invest $75 Billion in Semiconductor Expansion by 2028

South Korea’s SK Hynix Inc., the semiconductor division of SK Group, has announced an ambitious plan to invest 103 trillion won (approximately $74.8 billion) through 2028. This substantial investment underscores the company’s

July 16, 2024

IFC Commits $105 Million to Brookfield’s Bikaner Solar Power Project

The International Finance Corporation (IFC), the private sector financing arm of the World Bank Group, has announced a significant commitment of $105 million (approximately Rs 870 crore) to Brookfield’s Bikaner Solar Power

June 17, 2024

Business

Fintech Unicorn Slice Secures $20 Mn Debt from Neo Asset Management

Bengaluru-based fintech startup slice has successfully raised $20 million (approximately INR 170 crore) in debt funding from Neo Asset Management’s Credit Opportunities Fund, according to regulatory filings. This funding is part of

June 16, 2024

Business

Google CEO Sundar Pichai Denies $600 Million Offer at Ozy Media TrialGoogle CEO Sundar Pichai Denies $600 Million Offer at Ozy Media Trial

Alphabet Inc.’s Chief Executive Officer Sundar Pichai testified at the fraud trial of Ozy Media Inc. co-founder Carlos Watson, firmly stating that Google never intended to purchase the media startup for any

June 15, 2024

Business

Hyderabad Shifts Focus from Coding to Innovation: Telangana’s Strategic IT Vision

Telangana’s IT sector is set to pivot from a traditional coding powerhouse to a hub of innovation and product development. The state’s information technology minister, Duddilla Sridhar Babu, emphasized this new direction

June 11, 2024

Technology

Maruti Suzuki to Invest Rs 450 Crore in Renewable Energy Initiative

Maruti Suzuki India announced on Wednesday its ambitious plan to invest Rs 450 crore in renewable energy projects over the next three years. This investment aims to bolster the company’s commitment to

June 5, 2024

Business

Lauritz Knudsen to Invest Rs 850 Crore in India: A Strategic Move by Schneider Electric Group

Lauritz Knudsen, a subsidiary of the Schneider Electric Group, has announced a significant investment of approximately Rs 850 crore over the next three years. This strategic move aims to solidify its presence

May 29, 2024

Business

KKR-SingTel Consortium Leading Bid for $1 Billion Stake in STT GDC

A consortium comprising US investment firm KKR and Singapore Telecommunications (SingTel) has emerged as the leading candidate to acquire a minority stake valued at $1 billion in one of Asia’s largest data

May 29, 2024

Google Invests $350 Million in Flipkart as Part of $1 Billion Funding Round

Tech giant Google is set to invest approximately $350 million in Walmart-owned e-commerce company Flipkart, according to sources. This investment forms a significant portion of the $1 billion funding round initiated by

May 25, 2024

Business·Latest News

JSW Steel’s Ambitious Rs 65,000 Crore Investment Plan Amid Profit Decline

JSW Steel has announced an ambitious investment of Rs 65,000 crore over the next three years despite a significant drop in consolidated net profit for Q4FY24. In an exclusive virtual interview, Jayant

May 19, 2024

Business