LiveApple iPhone Exports from India Cross Rs 10,000 Crore
India’s Apple iPhone exports have reportedly surged to Rs 10,000 crore in May this year. According to the India Cellular and Electronics Association, the total...
Category : BUSINESS
ED Seized Rs 30.60 Crore Worth of Investments in Case against Swarup Brothers
On Saturday, the Enforcement Directorate (ED) said it had seized investments worth Rs 30.60 crore in connection with an alleged foreign exchange violation case against...
Tiger Global Struggles to Attract Investors for $6 Billion Fund Amid Tech Valuation Concerns
Tiger Global, the famous New York-based investment firm handling $60 billion in assets, is encountering challenges in its latest endeavour to tempt new investors. After...
Sundaram Mid Cap Fund Turns Rs 1 Lakh into Rs 80 Lakh Since Inception
The Net Asset Value of Sundaram Mid Cap Fund has crossed the 800 mark. As of this writing on June 17, the fund’s regular plan...
Hero MotoCorp Market Share Slips to All-Time Low
Hero MotoCorp is rapidly losing its grip on the Indian two-wheeler market, with its share falling to an all-time low despite multiple product launches backed...
Intel Plans to Build $4.6 Billion Chip Plant in Poland
American tech giant Intel announced on Friday that it would invest $4.6 billion (18.7 billion Polish zloty) to build a new semiconductor chip assembly and...
Micron Tech to Invest $1 Billion in Chip Packaging Plant, Nears Agreement with India
To further diversify its geographic footprint, Micron Technology Inc. plans to set up a semiconductor packaging factory in India. According to people who know the...
Akasa Air Plans to Raise up to $100 Million in Fresh Equity, Jhunjhunwala Family’s Stake to Get Diluted
According to a news report, India’s newest airline, Akasa Air, plans to raise $75-100 million by offering fresh shares to expand its business. To raise...
ED Arrested Deccan Chronicle Promoters and Auditor Over Rs 9,805 Crore Bank Fraud
The Enforcement Directorate (ED) has arrested promoters and former directors of Deccan Chronicle Holdings Ltd (DCHL), T Venkattram Reddy and PK Iyer, and the company’s...
Vodafone and CK Hutchison Announce £15 Billion Merger Between UK Businesses
On Wednesday, Vodafone and Three UK mobile network’s parent Company CK Hutchison announced the £15 billion ($19 billion) merger between the UK businesses of the...