Category: Business
Electric vehicle subsidies in China likely to be extended to push sales
Author: Pankaj Singh

img/business/electric-vehicle-subsidies-in-china-likely-to-be-extended-to-push-sales.png In the wake of the recent COVID-19 wave in China and subsequent lockdowns, credible sources have claimed that the Chinese authorities along with automakers are in talks to extend the ex...

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Hyundai and Kia to double down on EVs with USD 16.5 billion investment
Author: Pankaj Singh

img/business/hyundai-and-kia-to-double-down-on-evs-with-usd-16-5-billion-investment.jpg South Korea's largest carmakers Hyundai Motor Company and its affiliate Kia Corporation are reportedly planning to spend around 21 trillion won (USD 16.6 billion) to boost their ele...

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Home Depot boosts annual forecast as demand persists despite inflation
Author: Pankaj Singh

img/business/home-depot-boosts-annual-forecast-as-demand-persists-despite-inflation.jpg The home improvement retailers’ shares spiked by 5% to USD 310.78. Home Depot expects its comparable sales to increase by 3% despite inflating prices. Home Depot Inc. ...

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Netflix might venture into live-streaming space to expand its content
Author: Pankaj Singh

img/business/netflix-might-venture-into-live-streaming-space-to-expand-its-content.png According to reliable sources, Netflix Inc. is likely to enter the live streaming service for stand-up performances and other live shows. With support for live streaming, Netflix cou...

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Lordstown Motors shares see 14% surge as it closes on Foxconn deal
Author: Pankaj Singh

img/business/lordstown-motors-shares-see-14-surge-as-it-closes-on-foxconn-deal.jpg The EV maker signed an agreement with Foxconn to sell its Ohio factory for USD 230 million. Lordstown is looking to acquire funds to put its Endurance EV truck into production. ...

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Swedish Match shares surge on Philip Morris USD 16 billion buyout
Author: Pankaj Singh

img/business/swedish-match-shares-surge-on-philip-morris-usd-16-billion-buyout.jpg Swedish Match shares hit a record high after Philip Morris International Inc. reportedly confirmed it was in talks to buy the Stockholm-based tobacco company. The move would allow the w...

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Sony reports wary forecast as supply chain disruptions dip net profit
Author: Pankaj Singh

img/business/sony-reports-wary-forecast-as-supply-chain-disruptions-dip-net-profit.jpg Despite Sony Group Corporation reporting excellent sales in the financial year 2021-2022 given the strong results in electronics, movies, and music, the Japanese conglomerate is cautiou...

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OYO Rooms completes its USD 5.5 million Direct Booker acquisition
Author: Pankaj Singh

img/business/oyo-rooms-completes-its-usd-5-5-million-direct-booker-acquisition.jpg Multinational hospitality chain OYO Rooms has reportedly acquired a Europe-based company, Direct Booker, for USD 5.5 million which has over 3,200 vacation homes and catered to over 2 mi...

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Aston Martin reveals Racing Green strategy for electrification by 2030
Author: Pankaj Singh

img/business/aston-martin-reveals-racing-green-strategy-for-electrification-by-2030.png British automotive giant Aston Martin has announced its plans for electrification, calling it the Racing Green strategy. In 2024, the automaker plans to become a PHEV-focused brand, wit...

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Stellantis planning to acquire Mercedes-BMW car-sharing joint venture
Author: Pankaj Singh

img/business/stellantis-planning-to-acquire-mercedes-bmw-car-sharing-joint-venture.jpg According to sources close to the situation, Stellantis N.V. will soon acquire Mercedes and BMW’s car-sharing venture called Share Now. This is the latest shakeup in the automotiv...

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