Unified Payments Interface (UPI), which has emerged as the world’s most popular alternative payments method (APM), processed transactions to the tune of ₹80.8 lakh crore ($964 billion) in April-July 2024, a sharp…
Tag: billion
Microsoft outage: CrowdStrike update to cost US Fortune 500 firms $5.4 billion
The US-based technology firm CrowdStrike’s July 19 update is estimated to cost $5.4 billion to the US Fortune 500 companies, according to the insurer Parametrix reporter, The Guardian reported on July 24…
Vodafone looking to sell entire $2.3 billion stake in Indus Towers
Mumbai: Vodafone Group is looking to sell its entire $2.3 billion stake in India’s Indus Towers through stock market block deals next week, two sources with direct knowledge said, as part of the…
IPL growth slows in 2024 despite record $16.4 billion valuation: Report
A new report released on Wednesday by global investment bank Houlihan Lokey, titled IPL Valuation Study 2024, which has evaluated the cricketing league this season both as a business entity and a…
SBI to raise USD 3 billion through debt in FY2025, shares up
India’s largest lender State Bank of India (SBI), announced on June 11 that its board has approved a plan to raise up to $3 billion through debt in the current financial year,…
South Korea unveils $19 billion package for chip industry
South Korea has unveiled a $19 billion support package to bolster its semiconductor industry, seeking to catch up with international rivals amid soaring demand for advanced chips to power artificial intelligence and…
India’s Shapoorji Group Seeks Up to $2.4 Billion From Lenders
Shapoorji Pallonji Group is in talks with lenders including state-run Power Finance Corp., seeking to raise as much as 200 billion rupees ($2.4 billion), people familiar with the matter told Bloomberg. Also…
Tesla share price plunges 12% after Musk’s warning, erasing $80 billion in valuation
Tesla plummeted over 12 per cent on January 25 after CEO Elon Musk hinted slowdown in sales this year despite price cuts that have already hurt margins at the world’s most valuable…
Budget 2024: India likely to allocate $48 billion for food, fertiliser subsidies
India may earmark about 4 trillion rupees ($48 billion) for food and fertilizer subsidies for the next fiscal year, indicating fiscal caution ahead of 2024 Lok Sabha elections, said two government sources…
Toyota Accelerates EV Revamp With Extra $7 Billion Investment
TOKYO—Toyota’s new management, looking to make up lost ground in electric vehicles, said it would add billions of dollars in spending to reach EV targets. Toyota said Wednesday it would invest an…