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Apple supplier TSMC beats as demand rises for chips

Bloomberg Taiwan Semiconductor Manufacturing Co (TSMC) projected current-quarter revenue ahead of estimates, as the Apple supplier shrugs off a smartphone slump and US sanctions on Huawei Technologies Co to ride demand for cutting-edge chips. The world’s largest contract chipmaker expects sales of $9.1 billion to $9.2 billion in the September quarter, ahead of average projections for about $8.9 billion. The ...

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Vodafone Idea picks US-based lenders for $1.9bn fiber sale

Bloomberg Vodafone Idea Ltd has hired Bank of America Corp and Morgan Stanley to help sell its fiber assets as India’s largest mobile carrier by users seeks to bolster its finances, people familiar with the matter said. The bankers will initiate discussions with potential buyers for the fiber assets, which could be valued at as much as 130 billion rupees ...

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India state utility asks renewable companies to redraw contracts

Bloomberg India’s Andhra Pradesh has asked developers of all renewable energy projects in the southern state to cut the price of green power and disregard existing contracts, according to people with knowledge of the matter. The state’s power utility sent letters to developers including Goldman Sachs Group-backed ReNew Power Ltd, Greenko Group, Mytrah Energy Ltd, and Acme Cleantech Solutions Pvt, ...

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