Tamil Nadu Chief Minister MK Stalin recently announced that the state has secured MOUs worth Rs 8.5 billion with US companies Lincoln Electric, Vishay Precision, and Visteon. He emphasized that these agreements mark a significant step towards the state’s vision of growth and opportunity. Additionally, a Rs 20 billion deal with Trilliant for a manufacturing ...
 "Shriram Finance plans to raise billion for business growth, anticipating a 15-16% loan increase this financial year.")
Y S Chakravarti, the MD and CEO of Shriram Finance, announced that the company plans to raise $1 billion (around Rs 8,300 crore) in the next six months to support its growth. This includes an initial $300 million targeted for October, with the remainder to follow as Market conditions allow. While Shriram Finance intends to ...
 "Vedanta’s bold demerger aims to transform asset management into ownership, investing .9 billion to become global industry leaders.")
Vedanta Ltd is undergoing a major transformation with a proposed demerger of its various business units, which cover over 15 commodities. This strategic move aims to transition the company from asset managers to asset owners, allowing it to create independent companies focused on sectors like aluminium, oil and gas, power, and steel. With 75% approval ...
 "Byju’s faces a 1 million tax claim amid .5 billion in creditor disputes, sparking turmoil for its thousands of employees.")
Byju’s, once India’s leading ed-tech startup, is facing severe financial challenges, with Indian tax authorities claiming $101 million in dues as it enters insolvency. Valued at $22 billion in 2022, the company’s fortunes have plummeted due to regulatory issues and a dispute with U.S. lenders over $1 billion in unpaid debts. A court-appointed resolution professional ...
 "Adani and Tower Semiconductor’s billion investment in Maharashtra signals India’s ambitious push to dominate the semiconductor market.")
Israel’s Tower Semiconductor and India’s Adani Group are set to invest $10 billion (approximately 839.47 billion rupees) in a new semiconductor project in Maharashtra. This initiative aligns with Prime Minister Narendra Modi’s vision to establish India as a global chip-making hub, despite facing challenges including Foxconn’s withdrawal from a previous joint venture. The new plant ...
 "Maharashtra approves a billion semiconductor plant by Adani and Tower, promising 5,000 jobs and boosting India’s chip production capacity.")
Maharashtra’s government has approved a major semiconductor fabrication unit to be built in Panvel, Mumbai, through a collaboration between the Adani Group and Israel’s Tower Semiconductor. This project, involving an investment of approximately Rs 83,947 crore ($10 billion), aims to produce 80,000 semiconductor wafers monthly in two phases. The first phase will invest Rs 58,763 ...
 "Salesforce plans to acquire Own Company for .9 billion, enhancing data security amid rising cyber threats as it seeks growth.")
Salesforce has announced its acquisition of Own Company, a data protection and management solutions provider, for $1.9 billion in cash. This move aims to enhance Salesforce’s data security and privacy offerings, especially as customers prioritize safeguarding their data from loss and cyber threats. The company expects this deal to contribute positively to free cash flow ...
 "Verizon plans to acquire Frontier Communications for billion, aiming to enhance its fiber internet footprint and compete against rivals.")
Verizon is set to acquire Frontier Communications for $20 billion in an all-cash deal, announced on Thursday. This strategic move aims to expand Verizon’s subscriber base and enhance its competitive edge against rivals AT&T and T-Mobile, which offer extensive unlimited plans and bundled services. Verizon has proposed $38.50 per share for Frontier, a 37.3% premium ...
 "India’s NIIF aims to raise billion for infrastructure, marking a bold restart under new leadership after previous turmoil.")
The National Investment & Infrastructure Fund (NIIF) of India is planning to raise approximately $4 billion, aiming for its largest funding round yet. This initiative comes as part of the government’s effort to enhance the country’s infrastructure. The new fund is set to be significantly bigger than the last Master Fund, which concluded with $2.34 ...
 "Stanlow Refinery’s .2 Billion Ambition: A Leap Towards Carbon Neutrality")
EET Fuels, which operates the Stanlow oil refinery in the UK, has appointed Toyo Engineering India Pvt Ltd to lead the front-end engineering design study for a major carbon capture project. With a $1.2 billion investment planned over the next five years, EET Fuels aims to reduce emissions by 95 percent by 2030 through carbon ...
