About Author : Hrishikesh Kadam

Hrishikesh Kadam

A graduate in electronics and telecommunication engineering, Hrishikesh Kadam has always found writing fascinating. Driven by a never-ending passion for content creation combined with a bit of experience in writing personal blogs, Hrishikesh blends his technical knowledge and expertise to pen down articles for Business NewsUpdate and similar news portals.

Contribution by Hrishikesh Kadam

Cloud solution provider Cloopen to acquire Zhuge in cash & stock deal

Cloopen Group Holding Limited, one of China’s leading multi-capability cloud-based communications solution providers, has announced that it has made a definitive agreement to purchase complete equity interests in Zhuge Inc., a provider of user-...

Sense raises USD 90 Mn in Series D to expand its HR tech offerings

HR tech firm Sense has multiplied its valuation to USD 500 million in its 50 million Series D fundraise, spearheaded by SoftBank Vision Fund. The five-and-a-half-year-old San Francisco-based startup, which caters to blue-collar workers and assists co...

Mazda Australia faces heat over misleading customers seeking refunds

The court identified Mazda made 49 distinct fraudulent or misleading representations to nine consumers who sought a refund or replacement of their cars. Australian Competition and Consumer Commission (ACCC) initially filed the case against Mazda, ...

Flipkart enters online healthcare space with SastaSundar acquisition

Indian e-commerce platform Flipkart is reportedly acquiring e-pharmacy startup SastaSundar to dive into the country’s rapidly expanding healthcare space. As per sources, Flipkart has signed definitive agreements to buy a majority stake in Sast...

BMW, Audi exploring plans to acquire British car brand McLaren: Report

According to a recent report from Automobilwoche, German luxury car makers BMW and Audi are planning to buy British sportscar brand, McLaren Automotive Ltd. BMW is targeting the supercar business, while Audi is looking to acquire McLaren's Formul...

SoftBank opts to buyback after USD 10 bln loss in Vision Fund Unit

Japanese multinational conglomerate holding company Softbank Group Corp will reportedly launch a buyback program after its Vision Fund Unit disclosed a loss of USD 10 billion. This was due to a sharp decline in the share price of its portfolio compan...

Amazon-backed EV maker Rivian looking to raise USD 8.4 billion in IPO

Electric vehicle maker Rivian, which is backed by Amazon, is seeking to raise at least USD 8.4 billion in its initial public offering, as per a regulatory filing posted recently. The company stated that it intends to offer around 135 million shares ...

Investment startup Groww raises USD 251 million in Series E funding

Bangalore-based investment platform, Groww has reportedly secured USD 251 million in a Series E funding round led by Iconiq Growth. The fresh funds will be used to expand the company’s offerings, educate first-time investors, and help millennia...

Facebooks inks copyright agreement with French publishers’ lobby group

Facebook Inc. has reportedly inked a preliminary copyright agreement with a lobby group of French news publishers, which paves the way for the company to pay for promoting news content on its platform in the country. The licensing accord comes along...