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ED Said to Summon Amazon, Flipkart Executives as Regulatory Scrutiny Grows
The planned action signals growing regulatory scrutiny of Walmart-owned Flipkart and Amazon when their sales are rapidly growing in India's $70 billion (roughly Rs. 5,93,614 crore) e-commerce market. An Indian antitrust investigation also found the two companies breached laws by favouring select sellers,
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Apollo Global Said to Offer $5 Billion Investment in Intel
Apollo Global Management has offered to make a multibillion-dollar investment in Intel Corp. The development comes as San Diego-based Qualcomm floats a friendly takeover of Intel, people with knowledge of the matter said on Saturday, raising the prospect of one of the biggest-ever M&A deals.
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NXP Semiconductors to Invest Over $1 Billion in India Pushing R&D Efforts
India is getting an investment of over $1 billion (roughly Rs. 8,398 crore) from NXP Semiconductors. India expects its semiconductor market to be worth $63 billion (roughly Rs. 5,29,102 crore) by 2026.
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Musk Launches Poll Asking If Tesla Should Invest $5 Billion In His xAI
Tesla CEO Elon Musk has launched a poll asking users on social media platform X whether the electric carmaker should invest $5 billion in his artificial intelligence startup xAI - with early votes showing most in favour of the move.
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Adani Group Aims Big on Data Centres With $5 Billion Investment: Report
Adani Enterprises (AEL), the flagship company of billionaire Gautam Adani, is gearing up for a significant expansion in its data centre business.
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Microsoft Announces $3.2 Billion Investment In Australia
Microsoft announced Tuesday a Aus$5 billion (US$3.2 billion) investment in Australia focused on cloud computing and artificial intelligence, saying it would boost the country's economy and cyber defences.
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Chinese Tech Firms Baidu, TikTok-owner ByteDance, Tencent, Alibaba Order Nvidia AI Chips Worth $5 Billion: Report
China's internet giants are reportedly rushing to acquire high-performance Nvidia chips vital for building generative artificial intelligence systems, making orders worth $5 billion.
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Vedanta Chairman Says Their $5 Billion Made-in-India Chip Will Be Ready in 2.5 Years
Vedanta group chairman Anil Agarwal on Friday said that the first phase of its semiconductor project will involve a $5 billion (roughly Rs. 41,300 crore) investment of the overall $20-billion (roughly Rs. 1,64,500 crore) outlay, and the venture will be ready with made-in-India chip in two and a half years.
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Tata Group To Invest Over $5 Billion In UK Electric Battery Factory
Indian conglomerate Tata Group will invest over 4 billion pounds ($5.2 billion) in a giant battery plant in southwest England that will create thousands of jobs, the UK government and the company said on Wednesday.
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Activision Blizzard to Set Up Shop in Barcelona Following EU's Approval for Microsoft Acquisition
Activision Blizzard said its studio that developed Call of Duty would set up shop in Barcelona, putting into action its pledge to invest in Europe after Brussels approved Microsoft's $69 billion (nearly Rs. 5,66,000 crore) acquisition of the company in May. The US company said on Wednesday its game developer Infinity Ward, which created the blockb...
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Most Adani Group Stocks Settle In Positive Territory
The majority of the Adani Group stocks ended in the positive territory on Wednesday, with Adani Enterprises climbing over 5 per cent, after US-based boutique investment firm GQG Partners and other investors bought close to USD 1 billion of additional stakes in group companies.
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Ola Electric Aims for IPO by End of 2023, Hires Goldman Sachs, Kotak to Manage Share Sale
Ola Electric is planning a stock market listing by the end of 2023, and has appointed investment bank Goldman Sachs and domestic bank Kotak to manage the share sale, a source with direct knowledge of the matter told Reuters.
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Samsung Electronics to Invest $230 Billion in South Korea Chipmaking Base, Will Set Up 5 Chip Factories
Samsung's chipmaking plans come as other countries introduce steps to bolster domestic chip industries, including the United States which last month released details of its CHIPS Act, offering billions of dollars in subsidies for chipmakers that invest in the country.
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Tesla To Invest Around $5 Billion In Mexico Plant: Report
American electric car maker Tesla will invest about $5 billion in a massive new factory in the northern Mexican city of Monterrey, a senior government official said Tuesday.
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'That’s the Reason Why We’re Investing There,’ Apple CEO Tim Cook Reveals ‘Bullish’ India Approach
Apple CEO Tim Cook, in an earnings call, said he was “very bullish on India” and called the country a “major focus” for the tech giant. Apple on Thursday reported revenue of $117.2 billion for the December quarter. The $117.2 billion revenue was down 5 per cent year-over-year, from nearly $124 billion in December 2021 “as a result of a ch...
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ED Said to Summon Amazon, Flipkart Executives as Regulatory Scrutiny Grows
The planned action signals growing regulatory scrutiny of Walmart-owned Flipkart and Amazon when their sales are rapidly growing in India's $70 billion (roughly Rs. 5,93,614 crore) e-commerce market. An Indian antitrust investigation also found the two companies breached laws by favouring select sellers,
-
Apollo Global Said to Offer $5 Billion Investment in Intel
Apollo Global Management has offered to make a multibillion-dollar investment in Intel Corp. The development comes as San Diego-based Qualcomm floats a friendly takeover of Intel, people with knowledge of the matter said on Saturday, raising the prospect of one of the biggest-ever M&A deals.
-
NXP Semiconductors to Invest Over $1 Billion in India Pushing R&D Efforts
India is getting an investment of over $1 billion (roughly Rs. 8,398 crore) from NXP Semiconductors. India expects its semiconductor market to be worth $63 billion (roughly Rs. 5,29,102 crore) by 2026.
-
Musk Launches Poll Asking If Tesla Should Invest $5 Billion In His xAI
Tesla CEO Elon Musk has launched a poll asking users on social media platform X whether the electric carmaker should invest $5 billion in his artificial intelligence startup xAI - with early votes showing most in favour of the move.
-
Adani Group Aims Big on Data Centres With $5 Billion Investment: Report
Adani Enterprises (AEL), the flagship company of billionaire Gautam Adani, is gearing up for a significant expansion in its data centre business.
-
Microsoft Announces $3.2 Billion Investment In Australia
Microsoft announced Tuesday a Aus$5 billion (US$3.2 billion) investment in Australia focused on cloud computing and artificial intelligence, saying it would boost the country's economy and cyber defences.
-
Chinese Tech Firms Baidu, TikTok-owner ByteDance, Tencent, Alibaba Order Nvidia AI Chips Worth $5 Billion: Report
China's internet giants are reportedly rushing to acquire high-performance Nvidia chips vital for building generative artificial intelligence systems, making orders worth $5 billion.
-
Vedanta Chairman Says Their $5 Billion Made-in-India Chip Will Be Ready in 2.5 Years
Vedanta group chairman Anil Agarwal on Friday said that the first phase of its semiconductor project will involve a $5 billion (roughly Rs. 41,300 crore) investment of the overall $20-billion (roughly Rs. 1,64,500 crore) outlay, and the venture will be ready with made-in-India chip in two and a half years.
-
Tata Group To Invest Over $5 Billion In UK Electric Battery Factory
Indian conglomerate Tata Group will invest over 4 billion pounds ($5.2 billion) in a giant battery plant in southwest England that will create thousands of jobs, the UK government and the company said on Wednesday.
-
Activision Blizzard to Set Up Shop in Barcelona Following EU's Approval for Microsoft Acquisition
Activision Blizzard said its studio that developed Call of Duty would set up shop in Barcelona, putting into action its pledge to invest in Europe after Brussels approved Microsoft's $69 billion (nearly Rs. 5,66,000 crore) acquisition of the company in May. The US company said on Wednesday its game developer Infinity Ward, which created the blockb...
-
Most Adani Group Stocks Settle In Positive Territory
The majority of the Adani Group stocks ended in the positive territory on Wednesday, with Adani Enterprises climbing over 5 per cent, after US-based boutique investment firm GQG Partners and other investors bought close to USD 1 billion of additional stakes in group companies.
-
Ola Electric Aims for IPO by End of 2023, Hires Goldman Sachs, Kotak to Manage Share Sale
Ola Electric is planning a stock market listing by the end of 2023, and has appointed investment bank Goldman Sachs and domestic bank Kotak to manage the share sale, a source with direct knowledge of the matter told Reuters.
-
Samsung Electronics to Invest $230 Billion in South Korea Chipmaking Base, Will Set Up 5 Chip Factories
Samsung's chipmaking plans come as other countries introduce steps to bolster domestic chip industries, including the United States which last month released details of its CHIPS Act, offering billions of dollars in subsidies for chipmakers that invest in the country.
-
Tesla To Invest Around $5 Billion In Mexico Plant: Report
American electric car maker Tesla will invest about $5 billion in a massive new factory in the northern Mexican city of Monterrey, a senior government official said Tuesday.
-
'That’s the Reason Why We’re Investing There,’ Apple CEO Tim Cook Reveals ‘Bullish’ India Approach
Apple CEO Tim Cook, in an earnings call, said he was “very bullish on India” and called the country a “major focus” for the tech giant. Apple on Thursday reported revenue of $117.2 billion for the December quarter. The $117.2 billion revenue was down 5 per cent year-over-year, from nearly $124 billion in December 2021 “as a result of a ch...
