Zomato shares worth Rs 1,040 cr change hands in bulk deal, Softbank likely seller
Japanese investment giant SoftBank, via its affiliate SVF Growth (Singapore) Pte, likely sold 1.09 per cent stake in Zomato in the bulk deal, taking the online food delivery platform’s stock up more than 2 per cent in the opening trade on the BSE. Shares exchanged hands at an average price of Rs 111.20. SoftBank held a 2.17 per cent stake in Zomato (by September 2023 quarter).
Climate change, tech and geopolitics will shape future of business: Tata Steel CEO
Narendran pointed out that the global steel industry contributes 8 per cent of the total emissions and the governments in Europe are discussing green steel with the industry.
Residential real estate: 'Silicon Valley' Bengaluru emerges as major investment destination for NRIs
Real estate industry pundits are claiming that 2023 is going to be a remarkable year in connection with NRI investments as the slew of infrastructure projects, new IT corridors emerging in the city and conducive atmosphere in terms of peace, law and order situation in Bengaluru, and cosmopolitan outlook are also contributing to the trend.
As nations grapple with BRI fallout, Italy’s withdrawal deals another blow
David Sacks is a fellow for Asia studies at the Council on Foreign Relations (CFR).
China-Pak Economic Corridor the cause of India's opposition to BRI
Though it managed to garner a lot of support from many central Asian and even European nations (like Italy), who saw a potential of boosting their trade in Asia through it, India has been a long standing opponent of the project.
India-Middle East-Europe Corridor most ambitious of Biden's PGII push
IMEC is a port-and-rail economic corridor connecting India, the Middle East and Europe. Thus the name, India-Middle East-Europe Economic Corridor (IMEC). Along the route, the plan is to run a cable for electricity and digital connectivity
Countering China: How the India-Middle East-Europe Corridor will work
In a significant development which could have far reaching geopolitical ramifications, the India–Middle East–Europe Economic Corridor (IMEC) was announced at the recently concluded G20 Summit in New Delhi.
Belt & Road of Debt: How China's BRI turns partner nations into debtors
After Sri Lanka fell behind on payments for its troubled Hambantota port project in 2017, China obtained a 99-year lease on the property as part of a deal to renegotiate the debt, wrote Michael Bennon and Francis Fukuyama in a recent article in Foreign Affairs.
SoftBank explores investing in OpenAI after bumper Arm IPO: Report
Masayoshi Son, SoftBank's founder and CEO, is potentially “looking to invest tens of billions in AI after completing Arm’s initial public offering,” reports The Financial Times.
Global rice crisis reminiscent of 2008 Asian food price scare
He drew parallels between the current surge in food prices and the one that rocked the world in 2008, noting that shortage fears are rising for the staple food that feeds billions of people.