Prakash Singh | AFP | Getty ImagesGoogle will invest $10 billion into building new data centers in southern India, according to local officials, marking one of its largest investments in the South Asian nation as tech giants scramble to meet the exploding demand for AI. Minister for Human Resources Development of the Indian state of Andhra Pradesh, Nara Lokesh, announced Monday that Google and his government will sign a memorandum for a 1 gigawatt project in the state with an investment of $10 billion. The deal — to be signed Tuesday — comes after “a year of intense discussions and relentless effort,”…
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Investors expect the valuation of PayPay could exceed 3 trillion yen ($20 billion) as SoftBank 9984.T prepares for an initial public offering of the Japanese payments app operator in the United States as early as December, according to two sources.Sopa Images | Lightrocket | Getty ImagesInvestors expect the valuation of PayPay could exceed 3 trillion yen ($20 billion) as SoftBank prepares for an initial public offering of the Japanese payments app operator in the United States as early as December, according to two sources.SoftBank has been meeting with institutional investors since mid-September to discuss potential valuations in the IPO, the sources, who are familiar with the matter, said.Investors see 2 trillion yen as a baseline but expect the valuation could top 3 trillion yen,…
European stocks are expected to open lower on Tuesday, reversing largely positive sentiment at the start of the week. Source link
A hull section that will be sent to the final assembly base is loaded onto a semi-submersible vessel at Hanwha Marine Engineering (Shandong) Co LTD in Yantai, China, on September 16, 2024. Costfoto | Nurphoto | Getty ImagesChina has added five U.S. subsidiaries of South Korean shipbuilder Hanwha Ocean to its sanction list over their alleged involvement in Washington’s probe into the Chinese shipping industry, the latest move by Beijing amid renewed conflicts with the U.S.The sanctioned subsidiaries include Hanwha Shipping LLC, Hanwha Philly Shipyard Inc., Hanwha Ocean USA International LLC, Hanwha Shipping Holdings LLC, and HS USA Holdings Corp,…
David Solomon, CEO Goldman Sachs, speaking on CNBC’s Squawk Box on April 22nd, 2025. CNBCGoldman Sachs is scheduled to report third-quarter earnings before the opening bell Tuesday.Here’s what Wall Street expects:Earnings per share: $11, according to LSEGRevenue: $14.1 billion, according to LSEGTrading revenue: Fixed Income of $3.19 billion, Equities of $3.9 billion, per StreetAccountInvesting banking fees: $2.15 billion, per StreetAccountGoldman Sachs is set up to be a beneficiary of several trends in the third quarter.Trading desks across Wall Street have benefitted as President Donald Trump’s tariff policies have roiled markets for bonds, currencies, commodities and stocks.Investment banking activity including mergers…
JPMorgan Chase & Co CEO Jamie Dimon arrives for a Senate Banking, Housing, and Urban Affairs Committee hearing on Capitol Hill September 22, 2022 in Washington, DC.Drew Angerer | Getty ImagesJPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Tuesday.Here’s what Wall Street expects:Earnings per share: $4.84, according to LSEGRevenue: $45.4 billion, according to LSEGNet interest income: $24.16 billion, according to StreetAccountTrading Revenue: Fixed income of $5.3 billion, Equities of $2.97 billion, according to StreetAccountJPMorgan will give investors a view into how U.S. consumers and corporations fared in the third quarter.If, as analysts expect, the major trends…
LG Electronics India is seeking a valuation of up to 774 billion rupees ($8.71 billion) in its long-delayed initial public offering, tapping into a bustling IPO market with one of India’s largest offerings so far this year.Nurphoto | Nurphoto | Getty ImagesLG Electronics India’s shares surged 50% on their market debut Tuesday, after the company’s initial public offering saw the strongest demand for an Indian IPO since 2008, led by institutional investors.The IPO was priced at the top end of the 1,080 to 1,140 rupee apiece band, fetching 116 billion rupees ($1.3 billion), and was oversubscribed more than 54 times, attracting bids worth…
SpaceX’s Starship rocket 38 launches during the 11th test flight on October 13, 2025 as seen from South Padre Island in Texas.Gabriel V. Cardenas | Afp | Getty ImagesElon Musk’s SpaceX launched its 11th Starship rocket from Texas on Monday and landed it in the Indian Ocean, the last flight before the company begins test-launching a new version of the giant rocket outfitted with more features for moon and Mars missions.Starship, which includes the Starship upper stage stacked atop its Super Heavy booster, launched at 6:23 p.m. CT (2323 GMT) from SpaceX’s Starbase facilities. After sending the Starship stage to space, Super Heavy…
A corduroy Ralph Lauren letter jacket at the brand’s store in Singapore retails for around $900 Singapore dollars ($693).But a vanilla latte in its cafe? A comparative steal at SG$9.From Ralph Lauren to Coach, Louis Vuitton, Dior and Prada, clothing and luxury brands are opening stores in Asia to connect with consumers who are increasingly prioritizing experiences over tangible purchases.This is especially true of Gen Zs, Coach CEO Todd Kahn told “Squawk Box Asia” Monday.”Gen Z, across the globe, really focus on self-expression,” he said. “The cafes [are] really about extending that self-expression, that idea of community.”Many Gen Zs are…
Tata signage is visible during the launch of the TATA EV charging hub in Mumbai, India, on September 9, 2025. Indranil Aditya | Nurphoto | Getty Images Tata Electronics has acquired Chinese industrial firm Justech Precision’s India unit for close to $100 million, according to two people familiar with the matter, as the Tata Group subsidiary bolsters its manufacturing capacity to benefit from Apple’s focus on iPhone manufacturing in India.The transaction was concluded in August, with HSBC Bank and HDFC Bank advising on the deal, according to the people close to the deal.Headquartered in the city of Kunshan in Jiangsu,…
