Tag: million

Hero MotoCorp, GIC to increase stake in Ather with $108 million expense

Christina Lobo

Hero MotoCorp, the world’s leading two-wheeler maker, and Singapore sovereign fund GIC are investing $108 million in Ather Strength, a promising electric car startup in India whose rapid-increasing fortune experienced to strike the brakes immediately after a neighborhood plan alter.

Hero MotoCorp, which by now owns a 33.1% stake in the Bengaluru-headquartered Ather Electricity, disclosed (PDF) in a stock exchange submitting that its board of administrators had approved a clean expense of up to $66.5 million in the rights challenge of Ather Electrical power.

Prior to the new financial investment, Ather Electricity has elevated $336 million about the a long

… Read More

Woman claimed Kobe Bryant promised her stake in financial investment. Now she owes Vanessa $1.5 million

Christina Lobo

Vanessa Bryant was between the parties awarded extra than $1.5 million by an arbitrator, who dominated from a former Kobe Inc. personnel who claimed Kobe Bryant had promised her a stake in his financial commitment in BodyArmor. (Jae C. Hong / Related Push)

An arbitrator has dominated in favor of Vanessa Bryant and several firms involved with her and late spouse Kobe Bryant soon after a previous worker sued for hundreds of thousands, proclaiming the Lakers legend had “verbally promised” her a stake in his expense in the BodyArmor athletics drink company.

A lawyer representing Vanessa Bryant and three corporations

… Read More

U.S. to make tech hubs in center The united states with $500 million financial investment

Christina Lobo

Gina Raimondo, U.S. secretary of commerce, for the duration of a “Initially Software-In” ceremony at the Taiwan Semiconductor Production Co. facility less than design in Phoenix, Arizona, on Tuesday, Dec. 6, 2022.

Caitlin O’Hara | Bloomberg | Getty Photos

The U.S. government is trying to get to convert metro spots in center America into the future very hot places of tech innovation with an first $500 million expense.

The Section of Commerce introduced Friday its initial notice of funding chance, or NOFO, for the Regional Technologies and Innovation Hub application, regarded as Tech Hubs. It kicks off the procedure for

… Read More

VP Kamala Harris can make Miami cease to announce $562 million climate expenditure

Christina Lobo

MIAMI – Vice President Kamala Harris was in Miami Friday in which she announced that $562 million will be spent on 149 initiatives all over the state aimed at increasing resilience to threats these as increasing seas and the forms of coastal flooding that recently slammed the southeast section of the condition.

Harris outlined the funding prepare throughout an look at the University of Miami, in which she also toured a lab immersed in coral restoration function and a hurricane simulator capable of making Class 5-energy winds of much more than 157 mph.

Harris, who appeared in March at a

… Read More

Google invests $300 million in synthetic intelligence startup Anthropic

Christina Lobo
Google has invested about $300mn in artificial intelligence get started-up Anthropic, times immediately after Microsoft introduced a new multiyear, multibillion-dollar expenditure with ChatGPT-maker OpenAI.

“We’re thrilled to be able to husband or wife with Google Cloud on coaching and deploying beneficial AI techniques,” claimed Anthropic CEO Dario Amodei. “We’ve been impressed with Google Cloud’s open and flexible infrastructure. We are thrilled to husband or wife with Google to scale-up our techniques in the coming months.”

Anthropic selected Google Cloud to benefit from the firm’s deep skills in big-scale programs for device understanding, and as a spouse with shared values about

… Read More

Distinctive: Blackstone to promote $400 million stake in Indian REIT Embassy, ADIA eyes expenditure

Christina Lobo

Sign up now for Cost-free unlimited obtain to Reuters.com

  • Blackstone set to pare curiosity in India REIT-resources
  • Abu Dhabi’s prosperity fund eyes financial commitment in Embassy REIT
  • Blackstone $400 mln sale will mark its 3rd in Embassy
  • Block discounts on Indian exchanges established for early upcoming 7 days-sources

MUMBAI, Sept 23 (Reuters) – Blackstone Inc will promote a stake really worth up to $400 million in Embassy Business Parks REIT (EMBA.NS), India’s greatest authentic estate expenditure believe in, by using Indian stock exchange block offers, 3 resources familiar with the subject advised Reuters.

Abu Dhabi’s sovereign wealth fund, a

… Read More