 "India aims to become a semiconductor powerhouse, targeting 0 billion in electronics by 2030, creating 6 million jobs.")
Prime Minister Narendra Modi highlighted India’s growing potential in the semiconductor industry during the Semicon India event in Greater Noida. He announced ambitious plans to expand the country’s electronics sector from its current value of over $150 billion to $500 billion by the end of the decade, which could create around 6 million jobs for ...
 "Huawei’s new Mate XT foldable phone garners 3.6 million pre-orders, overshadowing Apple’s latest iPhone amid fierce competition in China.")
Huawei has launched its new three-way foldable smartphone, the Mate XT, aiming to strengthen its position against Apple in China’s competitive smartphone Market. The device garnered over 3.6 million pre-orders on Huawei’s website, even before its official release on September 20, coinciding with the expected launch of Apple’s latest iPhone model. Despite Huawei’s success in ...
The dramatic reduction of trees in Odisha highlights a pressing environmental issue. Over 26 lakh trees have been cut down in the past 23 years under the previous government, primarily for development projects such as electricity services, mining, and road expansion. Environmentalists express grave concern, noting that felling more trees than are grown leads to ...
 "Gautam Adani pleads for 0 million payment from Bangladesh, highlighting significant investments and commitment to energy security amid financial strain.")
Gautam Adani, chairman of Adani Group, has reached out to Muhammad Yunus, the advisor to the Bangladesh government, to speed up the clearance of $800 million owed by the Bangladesh Power Development Board for electricity supplies. In his letter, Adani highlighted the urgency of the situation, emphasizing the need for regular payments while fulfilling supply ...
 "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 ...
 "Glenmark Pharmaceuticals agrees to a million settlement over drug pricing misconduct, reflecting ongoing challenges in the pharmaceutical industry.")
Glenmark Pharmaceuticals has reached a settlement with the US Department of Justice, agreeing to pay $25 million due to a case involving the pricing of a generic drug. This payment will be made in six installments over five years, accruing interest at a rate of 4.25 percent from May 2024. The settlement, announced in a ...
 "Canara Bank Secures 0 Million with 5-Year Bonds Amid Strong Investor Confidence")
Canara Bank has successfully raised $300 million through its IFSC Banking Unit, as announced on September 4, 2024. The funds will be utilized for general corporate purposes and come from bonds maturing in five years, featuring a coupon rate of 4.896% paid semi-annually. The bank’s Managing Director and CEO, K Satyanarayana Raju, expressed satisfaction with ...
 "Hotel Investments Surge in India: A 3 Million Transformation Ahead!")
In the first half of 2024, hotel investments in India reached $93 million, showing strong interest from various investors. Listed companies led the transactions, accounting for 44 percent of the total. The JLL report predicts total investments for the year will hit $413 million, a 22 percent rise from 2023. The upscale hotel segment dominated ...
 "Byju’s Bankruptcy Drama: Lenders’ Fight for 3 Million Amid Allegations")
Byju’s, the education technology company, is facing major financial challenges as US lenders push for over $1.2 billion in repayments amid ongoing insolvency proceedings in India. A court official in India removed these lenders from a key creditors committee, hampering their influence in the repayment plan. The lenders accused the official, Pankaj Srivastava, of unfair ...
 "Bajaj Housing Finance Targets 2 Million IPO Amid Impressive Growth Surge")
Bajaj Housing Finance aims to achieve a valuation of Rs 58,297 crore (approximately $6.94 billion) through its upcoming initial public offering (IPO) worth $782 million. The company has set a price range of Rs 66-70 per share for the IPO, scheduled from September 9 to September 11. This offering is significant, potentially ranking among the ...
