Called Suzlon 2.0, this plan also includes resumption of export of wind turbines to Europe after nearly two decades, which the company announced in April. After Europe, the company also has its sights on markets like Australia, Middle East & North Africa, and South America. By 2031, the company wants to book 3 gigawatts of … Read more
SoftBank Group Corp. plans to invest as much as €75 billion ($87 billion) to build artificial intelligence data centers in France, La Tribune and the Financial Times reported. The Japanese group is set to invest the first €45 billion to construct two data centers in Le Bosquel and Dunkirk, which will become operational in 2028 … Read more
A total of ₹1.1 trillion has changed hands in open-market trades this year (as of 15 April), up 25% from ₹86,810 crore over the same period a year ago. Secondary market sales have continued to keep bookbuilders busy in May: Lenskart Solutions investors sold around 70 million shares at a 3-4% discount in a deal … Read more
Anthropic said on Thursday it has raised $65 billion at a post-money valuation of $965 billion, as it aims to bolster computing capacity to meet growing demand for chatbot Claude and scale its products. The new valuation after the series H funding round puts Anthropic ahead of OpenAI, last valued at $852 billion post-money in … Read more
Development Bank of Japan Inc. (DBJ) has made its first real estate investment in India, committing capital to HDFC Capital Development of Real Estate Affordable and Mid-Income Fund (H-DREAM Fund), managed by HDFC Capital Advisors Ltd. HDFC Capital, the real estate private equity arm of HDFC Group, did not disclose the investment amount. The H-DREAM … Read more
Companies in the US are wary of saying too much about one particular nugget of good news for their bottom line and inflation. Only about 5% of the 3,000 largest publicly traded US companies mentioned refunds in the context of President Donald Trump’s now-illegal tariffs in recent comments and regulatory filings, according to a Bloomberg … Read more
Filings by parent company Bajaj Mobility AG with the Austrian stock exchange showed KTM clocked earnings before interest, tax, depreciation and amortization (Ebitda) of €5.5 million in the March quarter, as against an Ebitda loss of €55.8 million a year earlier. Revenue jumped 70% to €331 million as motorcycle sales more than doubled to 40,332 … Read more
Making its energy security mandate clear, India has said that it is buying crude oil from Russia irrespective of a sanctions waiver by the US. The statement from Sujata Sharma, joint secretary in the petroleum ministry comes days after a Bloomberg report said that India has sought an extension of sanctions waiver from the US … Read more
Vodafone Idea, India’s third-largest telecom operator, posted a ₹51,970 crore net profit in the March quarter owing to one-time accounting gain from the government’s adjusted gross revenue (AGR) relief. This is the first time in recent years that the telecom operator has posted a net profit and returned to the black. To be sure, the … Read more