1. Vedanta Foxconn joint venture to invest Rs 1,54,000 crore to set up a semiconductor plant in Dholera Special Investment Region near Ahmedabad 2. Both Vedanta Foxconn lacks semiconductor fab…
Category: Companies
Adani’s Rs 8,673 crore copper project puts 7 public sector banks in the spotlight
The State Bank of India, Bank of Baroda, Indian Bank, Punjab National Bank, and EXIM Bank, all public sector entities, have a committed a loan facility of Rs 6,071 crore…
Adani fiasco: Hindenburg’s Nathan Anderson alleges Vinod Adani as key negotiator of deals for the conglomerate
Adani stock rout: Nathan Anderson, the founder of the New York-based Hindenburg Research, whose scathing report on the Adani Group last month led to a major rout in its shares,…
Citigroup CEO Jane Fraser gets a pay hike! Gets $24.5 million paycheck in 2022
At a time when job cuts are impacting employees across sectors, Citigroup Inc paid Chief Executive Jane Fraser $24.5 million for 2022, up 9 per cent from the prior year.…
Intel cuts dividend to lowest since 2007 to save cash
Intel Corp on Wednesday cut its dividend payout to its lowest in 16 years and decided to scale back big investments to save cash amid slowing demand for its chips…
SAP announces ex-Deloitte CEO Punit Renjen as chairman designate to succeed co-founder
SAP named former Deloitte CEO Punit Renjen as chairman designate to succeed co-founder Hasso Plattner, whose term will expire in May 2024. SAP’s board nominated Renjen, global CEO of Deloitte…
Good news for Adani Green shareholders! Sri Lanka investment board approves firm’s $442-mn wind power plants
Sri Lanka’s Board of Investment on Wednesday approved two wind power plants by Adani Green Energy Ltd with a total investment of $442 million, a statement issued by the board…
Aditya Birla Ventures wins ‘outstanding new fund’ award from industry body IVCA
Aditya Birla Ventures (ABV), the venture capital arm of the $70-billion market cap Aditya Birla Group that backs new-age, high-growth businesses, has been awarded by Indian Venture and Alternate Capital Association…
Hindenburg impact: Gautam Adani no longer among world’s 25 richest billionaires as net worth falls to $43.4 bn
Billionaire Gautam Adani is no longer among world’s 25 richest billionaires as his net worth fell to $43.4 billion on Wednesday as his conglomerate is battling a US short seller’s…
Trifecta Capital boss calls venture debt India’s ‘sleeper success story,’ says its time has come
Venture debt has been one of the buzzwords at the latest edition of the IVCA Conclave (organized by the Indian Private Equity and Venture Capital Association) in Mumbai. Amidst the…