Alternative asset manager Investcorp is planning to increase its exposure to India in the next five years, Bloomberg reported on Monday, citing an interview with the firm’s executives. The firm currently manages just over $600 million in India, which is a mere 1.5% of its $42.7 billion worth of global assets. Investcorp expects to have… Continue reading Investcorp plans major ramp up of India assets to $5b: Bloomberg
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DBS-Temasek debt financing platform EvolutionX invests in India’s API Holdings
EvolutionX Debt Capital, the growth-stage debt financing platform launched by Temasek and DBS, has made its first investment in API Holdings, India’s largest digital healthcare platform, at an undisclosed amount. The investment marks the first of a few planned capital raises and will be followed by equity infusion, Siddharth Shah co-founder and chief executive of… Continue reading DBS-Temasek debt financing platform EvolutionX invests in India’s API Holdings
Malaysian power firm Tenaga said to be weighing $1b stake sale in green energy unit
Malaysia’s state-owned power firm Tenaga Nasional Bhd is said to be considering selling a minority stake in a planned renewable energy unit, Bloomberg reported on Monday. The sale could raise $300 million to $1 billion from potential investors, which will be used to help the Kuala Lumpur-listed power firm fund its expansion into the renewable… Continue reading Malaysian power firm Tenaga said to be weighing $1b stake sale in green energy unit
India’s Adani Group continues to seek strategic equity partners: report
India’s ports-to-energy conglomerate Adani Group continues to seek strategic equity partners aligned with its long-term investment strategy, debt research firm CreditSights said in a report, flagging concern over the Group’s elevated leverage. The Group, led by Asia’s richest person Gautam Adani, is looking to expand its presence in power generation and infrastructure and ventured into cement-making operations earlier… Continue reading India’s Adani Group continues to seek strategic equity partners: report
Tesla Didn’t Want to Give Full Self-Driving Demo to DMV Authorities
That’s a little petty. Grudge Match Tesla has come under a lot of scrutiny lately, including from its home state California DMV. In August, the DMV filed a complaint that accused the Elon Musk-led automaker of misleading customers by naming its advanced driver assistance systems “Full Self-Driving” (FSD) and “Autopilot” — names that heavily imply… Continue reading Tesla Didn’t Want to Give Full Self-Driving Demo to DMV Authorities
Twitter reportedly asks some laid-off staff to return
Mere days after cutting its workforce in half, Twitter is asking some employees to return, according to Bloomberg. Citing two sources within the company, the outlet reports management at Twitter has come to the realization it either let some workers off by accident or without realizing their experience was essential to building the features Elon… Continue reading Twitter reportedly asks some laid-off staff to return
Meta will reportedly announce ‘large-scale’ layoffs next week
Facebook parent company Meta could announce large-scale layoffs as early as next week, according to The Wall Street Journal. The outlet reports the company is planning to cut “many thousands” of employees, with an announcement coming as soon as Wednesday. Meta currently employs more than 87,000 individuals. The cuts could be the largest workforce reduction… Continue reading Meta will reportedly announce ‘large-scale’ layoffs next week
Twitter is reportedly holding off on paid verifications until after the US midterms
Twitter has delayed the rollout of paid account verification until after the end of the US midterm elections, according to The New York Times. The company reportedly made the decision on Saturday after it briefly began rolling out its $8 per month Twitter Blue service. In the hours after the company released an iOS app… Continue reading Twitter is reportedly holding off on paid verifications until after the US midterms
Apple’s second-gen AirPods Pro are on sale for $234 right now
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission. All prices are correct at the time of publishing. If you’ve been waiting for Apple’s second-generation AirPods… Continue reading Apple’s second-gen AirPods Pro are on sale for $234 right now
Spain temporarily closed its airspace due to an out-of-control Chinese rocket
For the second time this year, the uncontrolled remnants of a Chinese Long March 5B came crashing to Earth. On Friday morning, US Space Command confirmed pieces of the rocket that carried the third and final piece of China’s Tiangong space station to orbit had re-entered the planet’s atmosphere over the south-central Pacific Ocean, reports… Continue reading Spain temporarily closed its airspace due to an out-of-control Chinese rocket