Following a significant fund infusion from the JSW Group, MG Motor India is set to launch five new products over the next 12 months, according to CEO Emeritus Rajeev Chaba. With financial backing from its new joint venture partner, the British brand is rolling out its Vision 2.0, planning to introduce one new product every…
Singapore startup PEXX has successfully completed a $4.5 million seed funding round aimed at further developing its innovative stablecoin-to-fiat payments platform. The investment was led by venture capital firm TNB Aura, with support from early stage investor Antler and strategic investor EMO Capital, and aims to accelerate the transformation of cross-border transactions, the company announced.…
Buyout firm Apollo Global Management will acquire a %49 equity interest in Intel’s manufacturing facility in Ireland for $11 billion, the companies announced Tuesday. Apollo will take ownership of the Fab 34 facility in Leixlip, Ireland, which is the U.S. chipmaker’s first mass production site for Intel’s 4 manufacturing process, which uses extreme ultraviolet lithography…