Ant Group on Saturday announced a surprise share buyback that values the fintech giant at $78.54 billion, well below the $315 billion touted in an abandoned IPO in 2020, in a move that may let some investors exit after a lengthy regulatory overhaul of the firm. The news came one day after Ant was fined $984 million, which should end a years-long regulatory shake-up… Continue reading Ant Group’s surprise share buyback values firm at steep 75% discount to IPOThe news came one day after Ant was fined $984m.
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India’s Vedanta to take over Foxconn semiconductor JV from holding co
India’s metals-to-oil conglomerate Vedanta Ltd said on Friday that it would take over from its holding company the ownership of a joint venture with Taiwan’s Foxconn that was set up to make semiconductors. Vedanta also said it would also take over a display glass manufacturing venture from Volcan Investments, Vedanta‘s holding company. Volcan and Foxconn signed a pact last year to invest $19.5 billion to set up semiconductor and display production plants in the state of Gujarat in… Continue reading India’s Vedanta to take over Foxconn semiconductor JV from holding co
China sets wide-ranging rules for $2.9-trillion private investment funds
China published regulations on Sunday for the country’s $2.9 trillion private investment fund sector, seeking to better protect investors and promote innovation. The new rules, signed by Premier Li Qiang and effective on Sept. 1, create a chapter specifically for venture capital funds, as policymakers encourage investment into innovative technology startups, said a statement from China‘s securities regulator and the justice ministry. The statement… Continue reading China sets wide-ranging rules for $2.9-trillion private investment funds
France upbeat on attracting major Tesla investment, finance minister says
PARIS, July 9 (Reuters) – French Finance Minister Bruno Le Maire on Sunday said he was “very hopeful” Tesla (TSLA.O) Chief Executive Elon Musk will pick France for a substantial investment linked to the production of electric vehicles in Europe. Musk recently met French government officials, including President Emmanuel Macron, as he explores options for… Continue reading France upbeat on attracting major Tesla investment, finance minister says
OEMs should work on model mix at dealerships: FADA President
At the second banking and insurance summit held in Mumbai last month, the President of the Federation of the Automobile Dealers Associations of India (FADA) said that the rising higher interest cost from ballooning inventories due to demand slowdown and a poor model mix from OEMs is weighing down dealerships’ profitability and ability to invest… Continue reading OEMs should work on model mix at dealerships: FADA President
OEMs should work on model mix at dealerships: FADA President
At the second banking and insurance summit held in Mumbai last month, the President of the Federation of the Automobile Dealers Associations of India (FADA) said that the rising higher interest cost from ballooning inventories due to demand slowdown and a poor model mix from OEMs is weighing down dealerships’ profitability and ability to invest… Continue reading OEMs should work on model mix at dealerships: FADA President
Huge opportunity in electric tractors, trucks segment: Tube Investments of India
Updated On Jul 9, 2023 at 12:55 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Electric vehicles have emerged as the forerunner of the clean and green transportation mission with wide global adoption, the senior official said. Engineering company Tube Investments of India Ltd is looking to tap a huge opportunity… Continue reading Huge opportunity in electric tractors, trucks segment: Tube Investments of India
Ashok Leyland charts plans to get future ready
It’s exciting times for Ashok Leyland, India’s second largest medium and heavy truck maker. Having scaled a new peak in FY23, the company has defined a long term road map that envisages all round growth in volumes, market share, product portfolio, technology without compromising on the bottom line. In an investor meet held in June,… Continue reading Ashok Leyland charts plans to get future ready
@niche: RED BULL KTM FACTORY RACING’S TOM VIALLE CAPTURES FIRST PRO MOTOCROSS VICTORY AT SOUTHWICK002809
Dear Sir/Madam, Welcome to our Press Center. May we express our pleasure at the fact that you have chosen to use the pool of information regarding our company and its products and services. This information and content is made available by KTM Sportmotorcycle GmbH, Betriebsgebiet Süd, Stallhofner Straße 3, A-5230 Mattighofen, Austria, and we are… Continue reading @niche: RED BULL KTM FACTORY RACING’S TOM VIALLE CAPTURES FIRST PRO MOTOCROSS VICTORY AT SOUTHWICK002809
@VW Group: Chips à la Carte: reversing the trend in chip size007523
The number of transistors on semiconductor chips will grow exponentially in the coming decades— this 1965 forecast made future Intel co-founder Gordon Moore famous. Far less attention was paid to another statement that could also be found in his article for the magazine Electronics: “It may prove to be more economical to build large systems… Continue reading @VW Group: Chips à la Carte: reversing the trend in chip size007523