As part of the vertical split of Vedanta Ltd, shareholders will get 1 share of each of the five newly listed companies for every 1 share of Vedanta (Photo: Bloomberg) Mining conglomerate Vedanta Ltd will invest $6 billion across businesses that span from aluminium and zinc to iron ore, steel and oil and gas… Continue reading Vedanta lines up $6 billion across businesses to drive revenue growth | Company News
Tag: billion
“Barbie” joins $1 billion club, breaks another record for female directors
Greta Gerwig should be feeling closer to fine these days. In just three weeks in theatres, Barbie is set to sail past USD 1 billion in global ticket sales, breaking a record for female directors that was previously held by Patty Jenkins, who helmed Wonder Woman. Barbie, which Gerwig directed and co-wrote, added… Continue reading “Barbie” joins $1 billion club, breaks another record for female directors
Byju’s misses August 3 deadline to rework $1.2 billion loan terms
Edtech major Byju’s has missed another target date set by its creditors to amend the terms of a $1.2 billion term loan B (TLB), according to the sources. The firm was expected to decide on revisions sought by lenders in the loan’s terms, including part repayment and higher interest payments, by the… Continue reading Byju’s misses August 3 deadline to rework $1.2 billion loan terms
Cognizant Technology to invest $1 billion in Gen AI over three years
Cognizant Technology Solutions has announced plans to invest $1 billion in Generative Artificial Intelligence (AI) over the next three years. This commitment will cover areas including platforms, personnel, partnerships, IT infrastructure, and mergers and acquisitions (M&As), according to CEO Ravi Kumar S. “We anticipate that Cognizant will be a primary beneficiary of the… Continue reading Cognizant Technology to invest $1 billion in Gen AI over three years
Walmart buys Tiger Global’s stake in e-com giant Flipkart for $1.4 billion
By Hema Parmar Walmart Inc. paid $1.4 billion to buy Tiger Global Management’s remaining stake in Flipkart, boosting its bet on the Indian retailer and helping the money manager provide distributions to investors at a time when accessing liquidity is tough. The transaction, which took place in recent days, valued… Continue reading Walmart buys Tiger Global’s stake in e-com giant Flipkart for $1.4 billion
Walmart buys out $1.4 billion hedge fund Tiger Global’s stake in Flipkart
Walmart has paid $1.4 billion to buy out hedge fund Tiger Global’s investment in e-commerce firm Flipkart, the Wall Street Journal reported on Sunday, citing a letter by the hedge-fund to its investors. The transaction brings the value of the e-commerce firm to $35 billion from nearly $38 billion after it sold its… Continue reading Walmart buys out $1.4 billion hedge fund Tiger Global’s stake in Flipkart