SK Hynix reports 89 percent dip in Q2 profit
SK Hynix Inc, the South Korean chipmaker and one of the second largest memory-chip maker behind Samsung Corp, has reported a decrease in second-quarter operating profit by 89 percent.According to the Factset, “The SK Hynix has reported its…
Top Chinese investors lose $1 billion in the second day of trading at Nasdaq-Style STAR Market
The biggest shareholders in China's new Nasdaq-style STAR Market lost a combined $1 billion in the second day of trade on July 23, a day after the board's roaring debut created three new billionaires.All but four companies of the 25 stocks…
China Southern Airlines receives $4.36 billion through equity diversification plan
China Southern Airlines will carry out an equity diversification plan that will involve the injection of 30 billion yuan ($4.36 billion) of capital from three investors, the firm announced on July 20.The Guangdong Hengjian Investment…
Ebix acquires Yatra for $337.8 million in merger deal
Ebix Inc, a U.S. based, leading supplier of On-Demand software and E-commerce service provider to healthcare, insurance and finance, and e-learning industries has announced to acquire Yatra Online through merger deal of $337.8 million.In a…
Samsung Venture funds $8.5 million in 4 Indian startups, plans to support 100 more startups in next…
Samsung Venture Investment Corporation (SVIC), the investment arm of the South Korean tech giant, on July 10 said it has made its maiden investment in India by pumping in $8.5 million (approximately Rs 58.28 crore) in four Indian startups.…
Toch secures pre-series A round funding from Mumbai Angels Network, Hyderabad Angels, Mihir Modi,…
Toch, a Mumbai-based interactive video platform which uses deep learning and AI technology, has secured an undisclosed amount in its pre-series A round funding from Mumbai Angels Network, Hyderabad Angels, Mihir Modi, and some other investors.…
Imran Khan’s Finance Advisor: IMF’s $6 billion bailout package to Pakistan, would…
The IMF's decision to provide a USD 6 billion bailout package to Pakistan has improved the cash-strapped country's standing, and it would attract USD 38 billion more from other lenders, Prime Minister Imran Khan's Adviser on Finance has…
India, Indonesia sets $50 billion as bilateral trade for 2025
India and Indonesia on June 29 set an ambitious USD 50 billion targets for bilateral trade over the next six years as Prime Minister Narendra Modi and President Joko Widodo discussed ways to deepen cooperation in a number of key areas…
Wall Street wraps up its best June in decades as G20 meets
Wall Street advanced in heavy trading on Friday, with the S&P 500 and the Dow closing the book on their best June in generations, ahead of much-anticipated trade talks between U.S. President Donald Trump and Chinese counterpart Xi Jinping…
Britannia Industries denies reports over resignation of its MD Varun Berry
FMCG major Britannia Industries on June 26 dispelled speculations over the resignation of its Managing Director Varun Berry from the company.Terming the speculations as "false" as well as "incorrect and baseless," Britannia Industries…