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

Flipkart Wholesale aims for threefold footprint expansion across India

Walmart-owned Flipkart Group’s digital B2B marketplace, Flipkart Wholesale has recently revealed its plans to triple its geographical footprint in the Indian market. This expansion will involve the broadening of its presence across 2,700 Indian...

Chinese internet giant Baidu raises USD 1 billion in ESG bond issue

Chinese multinational technology company Baidu Inc. has reportedly secured USD 1 billion in a two-installment, U.S. dollar social, and governance (ESG) bond. Sources close to the matter stated that the 5.5-year tranche bond raised USD 300 million, wh...

Hyatt to acquire Apple Leisure Group as the travel demand recovers

Hyatt Hotels Corp. is reportedly planning to acquire Apple Leisure Group for around USD 2.7 billion. The American multinational hospitality giant will purchase the resort company from its private equity owners KKR & Company and KSL Capital Partne...

ITC to invest USD 2 billion to create growth vectors under ‘ITC Next’

ITC, the hospitality to FMCG conglomerate, has reportedly planned to invest USD 2 billion in the medium term, to make growth vectors under its strategy ‘ITC Next’. The Managing Director and Chairman of ITC, Sanjiv Puri, supposedly said t...

Amazon-backed Rivian in talks to invest USD 5 Bn for new vehicle plant

The new factory will have capacity to manufacture 200,00 electric vehicles every year. The project would create approximately 7,500 jobs by 2027. American electric vehicle automaker Rivian is in discussions of investing about USD 5 billion to es...

DraftKings to buy iGaming firm Golden Nugget Online for USD 1.56 Bn

American fantasy sports contest, and sports betting operator DraftKings Inc. has reportedly agreed to acquire Golden Nugget Online Gaming through an all-stock deal valued at USD 1.56 billion. A new holding company going by the name ‘New DraftK...

Google, Amazon & other tech firms to join U.S. govt in fighting ransomware

Google, Microsoft, and Amazon are among many tech companies that have reportedly agreed to jointly work with the government in its effort to fight ransomware, as U.S. organizations are regularly facing threats from cyber-attacks. The new JCDC (Joint...

Lyft expects revenue slump amidst delta threat and driver shortages

Lyft Inc. recently reported its adjusted quarterly profit nearly three months ahead of time, securing leaner cost structures as the number of rides availed bounced back. However, it notified stakeholders of impending risks due to the onslaught of the...

Japan to admit only severe COVID-19 cases to ease pressure on hospitals

Japan has been seeing a sharp rise in Coronavirus cases amidst the rapidly spreading infections in Olympics host city Tokyo, and elsewhere. The nation will reportedly modify its policies to only hospitalize patients who are severely ill with COVID-19...