Global Economic Intelligence
Corporate earnings, M&A, IPOs, and business developments from India.
🇮🇳 Tata Sons Chairman Natarajan Chandrasekaran announced his resignation after nearly ten years in leadership. A long-time Tata executive, he became Chairman in 2017 after Ratan Tata and played a key role in the company’s growth. Source: india-livemint Country: India
🇮🇳 Accel announced its ninth India fund on Wednesday, with $550 million in commitments, as part of a $3.5-billion global fundraise. The firm has identified AI, consumer internet, financial technology, advanced manufacturing and deeptech as focus areas for the vehicle. Source: india-livemint Country: India
🇮🇳 Elon Musk announced a partnership between SpaceX and Nvidia, introducing AI systems for space and ground deployment. Source: india-livemint Country: India
🇮🇳 Diageo India faces regulatory issues, with 18,000 liquor bottles seized for lacking required markings to indicate safe recycled plastic use. The FSSAI has recently emphasised concerns regarding food safety and misleading labeling practices by the company. Source: india-livemint Country: India
🇮🇳 Vietnam’s VinSpace signs deal with Elon Musk’s SpaceX to launch its first satellites in 2027 Source: india-livemint Country: India
🇮🇳 NVIDIA has partnered with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to create AI compute financing platforms. The platforms aim to mobilise over $500 billion in third-party capital over time to fund AI infrastructure globally. Source: india-livemint Country: India
🇮🇳 On Monday, Brooklyn-based US District Judge Nicholas Garaufis approved a request made by US federal prosecutors to dismiss the case. Source: india-livemint Country: India
🇮🇳 The world’s largest meat supplier, JBS NV, will be led once again by a member of Brazil’s Batista family, a pivotal move for a global food powerhouse that’s increasingly focused on the US. Source: india-livemint Country: India
🇮🇳 Preliminary discussions between Apple and CXMT have centered on securing components specifically for hardware marketed within China Source: india-livemint Country: India
🇮🇳 Siguler Guff, O3 Alternatives and NR Group acquired a 51% stake in Baazar Retail in 2018, making the potential transaction significant for the company’s ownership structure. Source: india-livemint Country: India