Deal Financial News

(Reuters) — Core Lithium has received a notice from electric-vehicle maker Tesla (NASDAQ:TSLA) over a 2022 supply agreement that failed to materialize within the set deadline, the Australian miner said.

Israel’s Defense Ministry says it has secured its largest-ever defense deal selling a sophisticated missile defense system to Germany for $3.5 billion

Good morning,

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

fleet support vessels (FSVs) which are urgently required by the Indian Navy. Vizag-based Hindustan Shipyard Limited (HSL) will manufacture five of the 45,000-tonne warships, the largest ship of its class being built at the defence ministry-owned yard. The Indian FSV project was initially given a go-ahead in 2016 after the Indian Navy projected a requirement for ships that could carry fuel and other supplies for warships at sea. The ships are needed to support warships on long range patrol and can carry a variety of equipment, such as fuel, ammunition and food supplies. They will be able to support ships of all classes, including the two Indian aircraft carriers. The navy has a variety of new ships that are being planned, including next generation missile vessels and counter mine vessels. Three additional Scorpene class submarines are also expected to be ordered shortly.

free trade agreement (FTA). While the geo-political environment is favourable for the deal, dubbed as the mother of all FTAs that India is negotiating, it will be a difficult trick to pull off. The EU is India’s second-largest export market after the US, but the share of the continent in India’s overall goods exports has been declining in the past two decades.

Intel is terminating a $5.4 billion agreement to acquire Israeli chip manufacturer Tower Semiconductor after China failed to sign off on the deal amid deteriorating US-China relations

carbon sequestration has emerged as a powerful ally in our fight against rising carbon dioxide levels and the resulting environmental repercussions. Businesses are seeing the value of incorporating environmental, social, and governance (ESG) concepts into their operations as the world struggles with the effects of climate change. Carbon sequestration stands out among these ideas as a crucial business requirement.

Intel Corp scrapped its $5.4 billion deal to buy Israeli contract chipmaker Tower Semiconductor Ltd after their merger agreement expired without regulatory approval from China. US-listed shares of the Israeli company fell about 11% in premarket trading. Intel, which had decided to buy Tower last year, will pay a termination fee of $353 million to the latter, the company said in a statement.

By Isla Binnie

IndiGo co-founder Rakesh Gangwal has sold partial stake in the budget carrier through bulk deals on Wednesday.Sobha Gangwal, wife of Rakesh Gangwal, has offloaded 1.15 crore shares or 2.99% stake in the company at a weighted average price of Rs 2,426, which is about 5% discount from Monday's close. Through the sale, the family earned nearly Rs 2,800 crore. Rakesh Gangwal and his wife, Shobha Gangwal, held about 13.23% and 2.99%, respectively, in IndiGo at the end of June quarter, while their Chinkerpoo Family Trust holds a 13.5% stake, according to exchange data.

Its electric cars have been dogged by poor reviews and it’s on pace to make fewer sales this year than General Motors Co. does in a week. 

Intel said on Wednesday it would walk away from its more-than-$5 billion proposed acquisition of Israeli chip maker Tower Semiconductor after failing to win regulatory approval for the deal. The deal required approval from a number of jurisdictions, and China’s State Administration for Market Regulation had yet to sign off by Tuesday’s approval deadline. The Chinese regulator didn’t immediately respond to a request for comment Wednesday.

InterGlobe Aviation shares tanked 4.6% in trade on Wednesday as IndiGo co-founder Rakesh Gangwal offloaded 5.1% or around two crore shares in a block deal in early trade. The floor price for the offer was presumed to be set at Rs 2,400 apiece, which would come in at a 5.8% discount to Monday’s closing price of Rs 2,549. 

Carnarvon Energy boss Adrian Cook said Australia is losing some of its hard-earned reputation as a reliable jurisdiction for oil and gas investment at the hands of policy tinkering by the Albanese government.

₹2,425.00 apiece on the BSE. According to deal terms seen by Mint, IndiGo co-founder Rakesh Gangwal and his family were to sell around 4% stake in InterGlobe Aviation Ltd for up to $450 million ( ₹3,370 crore). The deal was said to happen at a floor price of ₹2,400 each, a 5.8% discount to Monday’s close of ₹2,549.

defense manufacturing giants are seeking to win a Rs Rs 40,000 crore ($4.8 billion) order to build submarines in India as the South Asian nation looks to strengthen its navy to counter China’s expanding naval presence in the Indo-Pacific region. Indian officials are currently evaluating competing bids to build six of the vessels in the country, senior Indian officials aware of the developments said, asking not to be named because discussions are private.

By Abigail Summerville

Gabon is refinancing $500 million of its debt through a deal aimed at directing more funds to ocean management

By Sarah Morland and Marion Giraldo

(Reuters) — Argentine radical libertarian Javier Milei is in touch with the International Monetary Fund regarding the country's $44 billion loan deal, he told local radio on Tuesday, just days after his shock win in the country's primary election.