SoftBank’s venture capital fund SVF Growth, Singapore, will sell a 1.1% stake in Indian food delivery firm Zomato for 10.24 billion rupees ($123.24 million), CNBC TV-18 reported on Thursday, citing sources.
Cryptocurrency exchange FTX’s former top lawyer testified on Thursday at its founder Sam Bankman-Fried’s fraud trial that the defendant told him that the now-bankrupt company had kept its customer funds safe and separate from its own assets.
Artificial Intelligence startup Imbue said on Thursday it has secured an additional $12 million in follow-on funding to its Series B round, bringing its total raised to over $210 million in cash.
New York Attorney General Letitia James on Thursday sued cryptocurrency firms Genesis Global, its parent company Digital Currency Group (DCG) and Gemini for allegedly “defrauding” investors of more than $1 billion.
Home appliances maker Havells India reported a 33% rise in second-quarter profit on Thursday, as cables remained in demand due to sustained infrastructure spending and as dry weather boosted air-conditioner sales.
Making more products for China locally and buying chips from several suppliers are just two of the supply chain changes Dutch healthcare technology firm Philips is making due to rising trade tensions, its CEO Roy Jakobs told Reuters.
India’s Cyient on Thursday reported a bigger-than-expected rise in its second-quarter revenue on strong growth in sustainability and transportation segments.
Japan’s top banks are set to commit to 1.9 trillion yen ($12.7 billion) financing to support the merger of Kioxia Holdings and Western Digital’s flash memory business, four people familiar with the matter told Reuters.
Tesla on Wednesday joined General Motors and Ford in being cautious about expanding electric vehicle (EV) production capacity, citing economic uncertainties and underscoring fears of a slowdown in demand.
Hitachi is set to win EU antitrust approval for its 1.7-billion-euro ($1.8 billion) acquisition of Thales’ GTS railway signalling business on the condition it sells assets in France and Germany, three people familiar with the matter said on Thursday.
