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As per the reports, South Korean automaker Kia Corp., along with its parent Hyundai Motor Company, are anticipated to outperform Toyota Motor Corp. in the Q1 earnings for the first time ever. ...
The shares of the tech-giant Alibaba have jumped significantly following the company’s decision to split up into six units. Out of these, five units will strive for fresh funding and the IPO (initial public offer...
Despite the instability in the global financial market, the U.S. central bank has hiked its interest rates once again. The Federal Reserve has reportedly increased its rate by 0.25 percentage points. While the institution has warned other banks th...
Apple has reportedly decided to delay the bonuses of certain divisions, alongside a halt on new hiring as part of its efforts to cut back costs. With this move, the firm joins its peers in Silicon Valley in trying to o...
Amazon employees have reportedly expressed disagreement about the company recent mandates asking employees to return to office for work. This included the spamming of an internal website with messages of opposition aga...
Waitrose, the most luxurious supermarket in the U.K., has reportedly announced that it has cut down prices of its own-brand basics as the customers are being crushed by the cost of living crisis. ...
Businesses in the UK are still reportedly grappling after two years following the beginning of post-Brexit trading, as suggested by a new report. According to the British Chambers...
Well-known drug development and imaging solutions firms, XINGIMAGING, LLC, and MITRO Biotech Co., Ltd., have recently announced that their plans of collaboration to provide comprehensive contract research services in C...
Following this funding, Interfor's long-term debt will hold a weighted average interest of 5.30% Interfor registered a Net Debt to the Invested Capital ratio of nearly 10% as of October 31, 2022 Interfor Co...
India's fast-moving consumer goods company, Tata Consumer Products Ltd is reportedly all set to acquire drink company, Bisleri International in a deal worth USD 856 million (₹7000 crores), reported the packaged...
Cloud data management company Snowflake Inc. has reportedly made an announcement regarding its acquisition of Neeva, a search startup founded by two former Google employees. The a...
Ukio, an apartment rental agency in Barcelona, Spain, has reportedly raised $28 million (€27 million) in a Series A round of funding. Apparently, the cash injection consists ...
IT service management company, Amazon Web Services, Inc. (AWS), has recently announced the unveiling of another leading AWS infrastructure region in India, the AWS Asia Pacific (Hyderabad) Region. ...
Leading real estate services and investment company, ESR Group Limited, has recently announced that its exclusively-owned subsidiary, ARA and the Export-Import Bank of China have inked a breakthrough collaboration in a...
Leading software platform, Circularise recently announced that it has raised $11.3 million (€11 million) in funding as part of its Series A round in a bid to advance its mission to bring a circular economy to indu...
Adani Group, an Indian conglomerate, recently opened an offer to acquire an additional 26% share in New Delhi Television (NDTV), which was positively accepted by the Indian market regulator Sebi. ...
Ecommerce giant Amazon becomes the first public company to lose $1 trillion in market value Recently, its share price closed 4.3% lower at $86.14, taking its market value...
Elon Musk has reportedly sold out $3.95 billion of Tesla stock since completing the acquisition of well-known social networking firm, Twitter, late last month. Since the Tesla CEO...
AI (Artificial Intelligence) training data platform firm, Crowdworks, has recently announced that it has successfully received the U.S. patent for method for selecting workers as per the feature of a project based on c...
Edtech major upGrad plans to invest $30 million to open ten UGDX institutes globally Edtech company upGrad, has recently unveiled its latest brand UGDX, with an i...
Saudi Arabia’s sovereign wealth fund has reportedly formed a JV (joint venture) with Taiwanese multinational electronics contract manufacturer, Foxconn to build and sell EVs, a move undertaken by the nation to re...
Insurance company, GIC, and real estate firm, ESR Group Limited have recently entered an 80:20 strategic partnership to develop a USD 600 million JV (Joint Venture) to take over income-producing core industrial and log...
Renowned Bengaluru-based software company, Decentro has reportedly raised $4.7 million in a Series A round of funding, which was headed by the fintech venture capital arm of Rapyd - Rapyd Ventures. ...
Renowned British supermarket chain, Asda has reportedly finalized its $693 million (£600 million) deal for buying the Co-op's petrol forecourt business. According to the...
Elon Musk-owned Twitter has made it to the headlines as its new owner has given the employees a request to meet his deadline to offer paid verification on Twitter. As per Musk'...
Apple CEO, Tim Cook has recently announced the company’s new revenue record in India in the July-September period. Apparently, the mega-giant continues to perform better, with strong double-digit growth in the co...
Renowned Alibaba Group’s affiliated company, Ant Group has reportedly expanded its collaboration with STB (Singapore Tourism Board) to make cross-border travel more convenient and seamless. ...
Renowned AI Startup, LatticeFlow, has recently announced that it has raised $12 million in a Series A funding round headed by Atlantic Bridge and OpenOcean. FPV Ventures, as well ...
Renowned end-to-end intelligent compliance technology provider, Napier has recently unveiled a new innovative financial crime risk management platform, Napier Continuum. Apparentl...
Well-known multinational oil and gas company, BP will reportedly purchase U.S.-based RNG (renewable natural gas) producer, Archaea Energy for around $4.1 billion. Apparently, the ...
bolttech, a well-known insurtech firm across the globe, has recently announced its Series B funding round, headed by Tokio Marine and other shareholders. With this funding, boltte...
Renowned data-powered intelligence startup, Stears, is delighted to announce a $3.3 million seed funding round headed by MaC Venture Capital. Apparently, Omidyar Group-owned Lumin...
Saudi’s Seera Group, a reimagined Al Tayyar Travel Group, has reportedly collaborated with the Saudi Air Connectivity Program, an initiative the government took to enhance and develop tourism air connectivity in ...
French-based software startup, Stockly is reportedly raising another $12 million (€12 million) in a Series A round from Daphni, Eurazeo, and several other business angels. Ap...
Amidst rising efforts for promoting cashless travel, prominent mobile payment providers in Asia have recently announced an integration of the cross-border digitalized payment solutions from Alipay+ in South Korea. ...
Singapore's sovereign wealth fund, GIC has agreed to pay around $2.2 billion to buy a majority stake in Sani/Ikos Group, a Mediterranean luxury resort operator, marking the largest transaction in the European resor...
CATL, a Chinese battery manufacturer and technology company, has reportedly introduced a new battery technology known as Module to Bracket (MTB) for heavy-duty electric trucks. As...
Sigmoid, a leading data solutions company helping firms in the U.S., U.K., and Europe, has reportedly raised $12 million, following a strong year of growth, in a new funding round. ...
Employment agency company, Cross Country Healthcare, Inc., has recently announced that it is entering into a strategic pact to procure the assets of Mint, LP (Mint Medical Physician Staffing) and Lotus, LLC (Lotus Medi...
Cruise, an American self-driving technology unit, is reportedly all set to unveil commercial robotaxi services across Phoenix, and Austin, Texas, two major spots for autonomous vehicle development, in the next 3 months...
Innovative global leader, COPC Inc. has reportedly announced a new partnership with the CCMG (Contact Centre Management Group) in South Africa. According to credible sources, this...
Ultimate payment platform, Yuno has reportedly partnered with leading payments intelligence company, Fraugster, to offer easy access to online merchants for compliance, fraud prevention, and revenue uplift solutions wi...
eBaoTech Corporation, a technology solution provider, has recently publicized that its InsureMO® platform has been selected by Ageas Group (Ageas) for its digital transformation as part of the Group’s Impact2...
American multinational investment management and financial services company, Morgan Stanley has reportedly described RIL’s (Reliance Industries’) current investment cycle as less aggressive, further stating...
Flipkart, an Indian e-commerce major, has recently announced its intentions to invest USD 449.6 million in the construction of three new automated fulfillment centers in India. ...
Mercedes-Benz expects to see at least 25% of its sales in India come from electric vehicles within the next five years, according to Mercedes-Benz India MD and CEO Martin Schwenk during the unveiling of the AMG EQS 53....
The leading offline Point-Of-Sale (POS) business, Ezetap, which was formed to make in-person offline payments simpler, has been acquired by fintech behemoth Razorpay, through a deal worth USD 200 million. ...
Tencent Holdings Ltd., a Chinese conglomerate, is reportedly planning to sell a fraction of its 17% stake in shopping platform Meituan to pacify domestic policymakers and capitalize on an investment made eight years ag...
Coinbase, the largest cryptocurrency exchange platform, reported a steep dip in its revenues and profits in the June quarter, with a net loss of USD 1.1 billion and revenue falling sharply by about 60% as compared to t...
Nvidia Corp. has reportedly warned that the slowdown in its gaming business would cause its second-quarter revenues to decline by 19% from the previous quarter, further causing the chip maker's shares to fall by ne...
Luxury good group LVMH Moët Hennessy Louis Vuitton reported second-quarter revenues beyond analysts’ expectations, with extensive progress in the United States and retrieval in Europe which helped mitigate t...
Logitech International’s chief in command, Bracken Darrell reportedly still believes that the Swiss American company will be able to recoup the losses it suffered due to a decline in sales over the past few month...
Harley-Davidson Inc.'s two-week manufacturing outage, which began on May 19 and elevated the motorcycle maker's order backlog, has reportedly led to the company reevaluating its profit outlook for this year. As...
The statistical figures of Tata Consultancy Services (TCS) for Q1-FY23 have reportedly showcased a mixed outcome of revenues surpassing estimates but with disappointing margins. A...
The U.S. FDA (Food and Drug Administration) is reportedly planning to instruct Juul Labs Inc. to stop supplying its e-cigarettes in the country. Shares of Altira, which owns a 35% stake in Juul Labs, fell to 8.5% after...
Various suppliers are reportedly working along with Walmart to reduce the overall prices. According to some senior Walmart executives, these suppliers are responding to the retailer’s efforts despite facing high ...
Indian food delivery giant Zomato Limited has reported a net loss worth USD 46 million in Q4 of FY2021-22 despite witnessing a 75% growth in revenue to USD 156 million as opposed to USD 89 million it earlier recorded d...
Swiggy, an Indian food delivery giant, has recently announced an agreement with Times Internet to buy Dineout, a dining and restaurant technology platform. Swiggy will use the acquisition to enter the dining out (non-d...
Indian online travel company MakeMyTrip recently revealed that its bookings for premium and super luxury hotels have increased by a whopping 150% during the pandemic. The company claimed that more Indians are now trave...
EV charging network Charge Zone has reportedly partnered with Marriott International Inc. to install electric vehicle charging stations across the hotel chain’s Indian properties. ...
Walmart Inc. is reportedly ending sales of tobacco in some stores which in turn has severely impacted shares of Philip Morris and Altria Group Inc., the latter known for selling Marlboro cigarettes in the U.S. The mult...
Licious, a Bengaluru-based start-up that offers fresh seafood, meat, and other fresh animal protein online, has reportedly raised USD 150 million from a group of late-stage investors in what seems to be a prelude to th...
Aston Martin has reportedly collaborated with Britishvolt to develop next-generation batteries designed specifically for high-performance vehicles. As per the Memorandum of Understanding (MoU), the duo plans to reach n...
As the viability of EVs is getting realized, auto manufacturers are increasingly directing their efforts towards this space. Recently, Hyundai Motor Co. announced plans to invest USD 79.21 billion through 2030, includi...
Zoomo, an Australian firm that makes utility e-bikes for delivery drivers, has closed its Series B round after raising an additional USD 20 million in equity funding. The round was led by Collaborative Fund and other s...
Despite 2021 being a record year for new IPOs in India, most of the tech startups are pushing for a delay in their stock market debut. This comes as some high-profile companies tanked during their respective public lis...
Major Australian entertainment group Crown Resorts Ltd has reportedly agreed to a buyout deal of USD 6.3 billion from private equity group Blackstone Inc which already held about 10% of the former. ...
A deal for the sale of Arm Ltd. by SoftBank Group Corp. to Nvidia Corp, a U.S. chipmaker, has reportedly collapsed. It is believed that Arm will instead opt for an IPO rather than the sale, which could have been worth ...
Audi is reportedly contemplating the viability of fabricating electric vehicles domestically in India with a view to manufacture at threshold volumes and reach more customers, as the automaker intends to go all-electri...
Scaler Academy, an Indian educational platform that upskills working professionals, has reportedly raised USD 55 million in a Series B funding round which was led by Lightrock India and others. The Bengaluru-based star...
Lamborghini India reportedly recorded an 86% growth in 2021 as compared to the previous year. The supercar manufacturer completed the delivery of 69 cars this year, according to the Head of Lamborghini India, Sharad Ag...
Indian grocery entrepreneurs have been enticing tech-savvy clients with the promise of 10-minute deliveries, however, this has prompted road safety concerns as bikers strive to fulfill strict deadlines. Flipkart, Walma...
German luxury automaker Mercedes-Benz is seeking to increase sales of its electric vehicles in India, according to a senior business executive, with potential plans in works to locally manufacture its all-electric seda...
Reliance Industries Ltd. is reportedly planning to acquire a controlling stake in New York's five-star Mandarin Oriental Hotel for around USD 100 million. The company stated in ...
Daimler India Commercial Vehicle (DICV) has reportedly beaten the pre-covid sales level of exports for its commercial vehicles, recording an upsurge of 10% as compared to its previous record. ...
Edition 1 model of Hummer pickup accounted for 80% of the total reservation. The EV pickup truck boasts a driving range of 329 miles....
The shared ride option will allow users traveling in the same direction to share the ride in the same direction. UberX Share will offer a 5% upfro...
Multinational oil & gas company Royal Dutch Shell has announced a major restructuring of its tax and legal framework, which will see it walking away from the Netherlands amidst strained relations with the country t...
Goldman Sachs Group Inc. has reportedly introduced a new offering for investors to place their bets on SPACs in an attempt to capitalize on the growing deal-making trend. Sources me...
Ride-hailing giant Uber is set to obtain at least 50,000 Tesla electric vehicles as a part of its plan to expand its EV fleet. The announcement comes after Hertz recently ordered 100,000 EVs from Tesla by next year....
After Snap Inc. failed to reach its revenue targets last week, investors are now fearing that Facebook’s ad revenue could also be severely impacted due to Apple’s privacy changes. ...
Prometic Life Sciences has developed the first FDA-approved treatment for Congenital Plasminogen Deficiency. This acquisition will enable easy acce...
India is likely to witness a record number of IPOs this year, with several companies eyeing public listing to raise funds if the market sentiment remains positive. One such company, Pine Labs is reportedly planning to ...
Indonesian financial technology company Xendit has reportedly secured USD 150 million during a Series C funding round which was led by Tiger Global. Other investors that participated in the latest fundraising included ...
Italian luxury sports car manufacturer, Automobili Lamborghini S.p.A. is reportedly expecting substantial growth in sales volumes in India this year as the carmaker is experiencing a V-shaped upturn in demand after the...
SK Group of South Korea has purchased 16.3% of Vincommerce, Vietnams leading retail business operator, for USD 410 million in a bid to broaden its presence in the Southeast Asian region’s customer retailer sector...
SK Innovation Co., a South Korea-based petrochemical, energy, and e-mobility battery manufacturer, has recently announced its plans of withdrawing its battery operations from America if U.S. President Joe Biden fails t...
YAP, a fintech startup that provides an API platform for banking and payments in Asia, has reportedly secured USD 10 million during a Series B funding round co-led by Omidyar Network India as well as Flourish Ventures....
According to reliable sources, California-based aerospace manufacturer and space transportation services company SpaceX, headed by Tesla’s Chief Executive Elon Musk, recently completed an equity funding round of ...
According to reliable sources, Israel-based alt-meat start-up, Redefine Meat, raised a total of USD 29 million in a Series-A funding round led by venture capital firms Hanaco Venture Capital Ltd. and Happiness Capital ...
Bangalore-headquartered online coding platform for K-12 kids, Codingal, has reportedly raised an undisclosed amount from American seed money startup accelerator Y Combinator and has been selected to a part of YC’...
Leading software-defined storage company DataCore Software has reportedly acquired Caringo Inc., with the intention to add object storage to its current software-defined portfolio of secure, flexible, and high-performa...
In a bid to proliferate its biopharmaceutical contract development and manufacturing business, Fujifilm Corporation is reportedly planning to invest around USD 2 billion (200 billion yen) towards the development of a l...
Hong Kong-based multinational financial settlement network EMQ Inc. has reportedly expanded its operations into South Korea to increase access to its global network ecosystem and offer more transparent as well as effic...
According to reliable sources, U.S.-based fully integrated biopharmaceutical company, Elevar Therapeutics Inc., has signed an exclusive agreement with Inceptua Group for the commercialization and distribution of its no...
In recent developments, U.S.-based localization and AI training data service provider, Lionbridge Technologies Inc., has reportedly established new gaming labs in Beijing and Jinan in order to enhance the capabilities ...
Riversand Technologies Inc., an American cloud-based SaaS MDM (Master Data Management) solutions provider has reportedly entered a joint venture agreement with Valtech GmbH. The two companies will team up to deliver ad...
Canadian security firm GardaWorld has reportedly increased its takeover offer for G4S, a UK outsourcing group, to £3.68bn in a final bid for its bigger competitor. Speaking of the offer, GardaWorld stated th...
Arcadia, an expansive retail business comprising of renowned fashion brands such as Topshop, Burton, and Dorothy Perkins, is reportedly on verge of an economic collapse putting about 13,000 jobs at risk. According to c...
As per the statement of chancellor Rishi Sunak, Britain’s first nationwide infrastructure plan would provide a “once in a lifetime investment” of approximately £100 billion to drive the nation&r...
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