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The Japanese corporation SoftBank Group plans to invest from 60 to 100 billion dollars in the production of solar energy in India. As the Japanese public television channel NHK reported, it is expected that an official agreement between SoftBank and the Indian government will be signed soon after the final agreement is reached. The company plans to invest through SoftBank Vision Fund, supported by the government of Saudi Arabia, which is its largest investor. As it became known in April, SoftBank and Chinese GCL System Integration Technology intend to create in India a joint venture for the production of solar energy. It is expected that the total amount of their investments will be $930 million.
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
Glenmark Pharmaceuticals Ltd was given a notice by the Drug Controller General of India (DCGI) on overpricing and false claims of its generic version of favipiravir, FabiFlu, according to local media reports, sending the company’s ...
Oil prices fell on Thursday after OPEC+ agreed to lessen output cuts from August, though the decline was dampened by a recovery in demand as U.S. crude stocks had an unprecedented drop. Brent crude slid 0.3%, or 13 cents, at $43.66 per barrel. ...
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