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

Abu Dhabi sovereign fund ADQ planning to invest USD 500 Mn in Flipkart

The Walmart-owned online retailer could be valued at USD 35 billion following ADQ investment. Flipkart intends to raise USD 3 billion from investors ahead of its IPO. ADQ, Abu Dhabis sovereign fund, is reportedly planning to invest USD 500 milli...

Niyo takes over Index to allow users to organize bills & finances

Niyo, an Indian fintech company, has recently announced the acquisition of Index, a Bengaluru-based personal finance startup, for an undisclosed sum. Following the takeover deal, the team at Index including Kumar Siddhartha and Anand Krishna, i...

EU countries approve USD 21.27 billion fund for green energy drive

European Union lawmakers have recently approved a flagship fund of USD 21.27 billion to eliminate the dependence on fossil fuel and protect affected communities, enabling EU members to start receiving the cash. The multibillion-dollar initiative, ca...

Amazon, Facebook to endure higher levy of taxes following G7 consensus

The Group of Seven (G7), consisting of the world’s seven largest economies, has reportedly reached a momentous agreement to levy a global minimum corporate tax rate of 15% to prevent internet giants like Amazon and Facebook from avoiding taxes....

SoftBank to back Flipkart with proposed investment of $700 million

Flipkart, an online retail company, has reportedly announced a proposed investment worth $700 million from SoftBank Group Corp. This announcement came 3 years after the Japanese conglomerate holding company sold its stake in the Indian e-Commerce fir...

TIER Mobility secures USD 60 million in debt funding from Goldman Sachs

European micro-mobility solutions provider TIER Mobility GmbH has reportedly secured USD 60 million from Goldman Sachs in debt funding. This new capital infusion will be routed to the purchase of new e-scooters and to expand the EV charging infrastru...

Tata Group plans to acquire struggling fitness brand Curefit

Tata Group has reportedly planned to acquire fitness startup Curefit. The Indian conglomerate will possibly take onboard Mukesh Bansal, founder of Curefit, and might appoint him at a lead position at Tata Digital. Earlier, Bansal founded Myntra, an ...

Samsung Smart Keyboard Trio 500 officially launched in South Korea

After recently introducing a 43-inch smart monitor, Samsung Electronics has now launched the Smart Keyboard Trio 500, a Bluetooth-enabled device that relies on multi-device connection. This new keyboard has been made available on the company’s...

BMW becomes the first vehicle manufacturer to use sustainable tires

In its carbon-neutrality efforts, BMW becomes the foremost automaker to equip sustainable tires which have been developed by multinational tire manufacturer Pirelli & C. S.p.A. The German automaker will deploy these eco-friendly tires in its plug...