Thu, Feb 1, 2024 12:41 PM
Government aims at widening and firming up EV ecosystem: Sitharaman
A Flip by Avya Verma
Kia India on Monday said it is eyeing markets in the Middle East and Africa as it aims to double the export of completely knocked down (CKD) units by 2030.To date, the automaker has exported one lakh units of CKD vehicles since it began shipments in June 2020 from its manufacturing facility at Anantapur in Andhra Pradesh.
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Vedanta Resources Ltd is moving forward with its second dollar bond issuance in two months, seeking investor interest in Indian offshore debt following the recent US indictment of Adani Group founder Gautam Adani in an alleged bribery case. The offering could raise up to $500 million and is seen as a key test for global demand for Indian high-yield credit in the wake of the Adani controversy.
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MicroStrategy Inc. (MSTR) bought another $5.4 billion in Bitcoin, marking its third acquisition this month as the company rapidly increases its holdings. The enterprise software company purchased the Bitcoin in part with proceeds from a $3 billion convertible senior note offering. The Tysons Corner, Virginia-based firm has been focused on becoming a Bitcoin treasury company.
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