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

Volkswagen in advanced discussions to buy Europcar for USD 3 billion

German auto manufacturer, Volkswagen Group is reportedly in talks to purchase France-based car rental company, Europcar Mobility Group, in a deal that values the company at USD 3 billion. Europcar has been considering a potential offer at USD 0.59 p...

Bamboo Works declares itself as a premium business content provider

Content-centric platform Bamboo Works has officially established itself as a premium business news provider by launching thebambooworks.com. The new platform will primarily be focusing on Chinese firms listed overseas, further bridging the gap with t...

Magic plugs in new investment; raises $27million in Series A tranche

San Francisco-based passwordless authentication technology firm, Magic, has reportedly announced securing USD 27 million in Series A funding round led by Northzone. It has been reported that the first tranche was further headed by the participation f...

Robinhood looking to reach USD 35 billion valuation during U.S. IPO

Robinhood Markets Inc recently revealed that it is seeking a valuation of up to USD 35 billion during its IPO (initial public offering) in the U.S., preparing the ground for one of the most awaited stock market listings this year. The company was pr...

Prenetics in plans for $1.3 bn SPAC merger with Artisan Acquisition

Prenetics, a Hong Kong-based biotech firm, is gearing up towards merging with Artisan Acquisition, a SPAC (special purpose acquisition company) in a deal that would value the novel entity at more than $1.3 billion. The transaction is anticipated to c...

General Motors to invest USD 71 Mn on new design campus in California

American multinational vehicle corporation, General Motors Company (GM) is reportedly planning to invest over USD 71 million to shift its southern California design campus to a new site in Pasadena that is expected to be completed by the end of 2022....

Microsoft to spend around USD 200 million on employee bonuses

Tech giant Microsoft has reportedly announced its intention to give out bonuses of USD 1,500 to its employees, more than a year after COVID-19’s impact. The bonus is part of an effort by tech companies to maintain employee happiness during the...

British Airways resolves case with victims of 2018 data breach

British Airways recently settled a case that was filed by thousands of complainants who were affected by a massive data breach in 2018. The flag carrier had revealed a breach of personal data including the names, addresses, debit card, and credit ca...

Traton, Volvo, Daimler plan USD 593 Mn electric truck-charging network

Three European truck manufacturing behemoths namely Volvo Group, Daimler Truck AG, and a subsidiary of the Volkswagen Group, Traton Group, recently announced a non-binding agreement to establish a high-performance network of public charging stations ...