State-backed Fund, JIC in Talks to Acquire Chipmaker JSR For a Trillion Yen
State-backed Japan Investment Corp (JIC) is in talks to acquire leading Japanese chipmaker JSR Corp for about $7 billion or 1 trillion yen, the Nikkei...
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ideaForge Raises Rs 255 Crore in Anchor Round Ahead of its IPO
Drone Manufacturer ideaForge announced on June 23 that it successfully raised Rs 255 crore from investors in an anchor round ahead of its upcoming initial...
Sensex Hits New Highs Despite Volatility, These Small Caps Jump 10-32%
Markets hit record highs in the week ended June 23 amid heightened volatility, but amid widespread concerns over global issues, including China’s growth outlook, warming...
Wall Street Down, Snaps Weekly Winning Streak on Fed Worries
On Friday, US stocks closed lower, covering a week dominated by Federal Reserve Chairman Jerome Powell’s testimony wherein he signalled more interest rate hikes but...
Amazon to Invest More $15 Billion in India Over 7 Years
Amazon is adding its investment in India by obligating an extra $15 billion over the next 7 years. This will raise Amazon’s total India investment...
PKH Ventures IPO Opens on June 30 & Closes on July 4
PKHVentures’’ initial public offering will start for subscriptions on June 30 and close on July 4. The allotment date will be July 7, the refund...
Govt Extends Telecom Equipment Testing Deadline Again
On Friday, the government extended the deadline for implementing Mandatory Testing and Certification of Telecommunications Equipment (MTCTE). According to a notification from the Telecom Engineering...
Google to Invest $10 Billion in Digitisation Fund, Set up Fintech Centre in GIFT City
Following the meeting with Prime Minister Narendra Modi in Washington during his three-day state visit, Alphabet and Google CEO Sundar Pichai announced that Google plans...
India’s Forex Reserves Inch Closer to $600 Billion, as FCAs Outperform Other Components
India’s Foreign Exchange (Forex) Reserves reached $596.098 billion on June 16, rising marginally by $2.350 billion in the week, as per the Weekly Statistical Supplement...
PG Capital Sells 11.25% Stake in Landmarks Cars for Rs 293 Crore
On June 23, US private equity firm TPG Capital sold an 11.25% stake in Landmark Cars for Rs 293 crore in a block deal. Through...