☰
American investment bank JP Morgan is reportedly taking on its U.K. rivals by introducing the highly anticipated digital retail bank ‘Chase’, as part of its vision for globa...
Honda and General Motors have jointly developed the Prologue EV.
The automaker intends to sell 100% zero emission vehicles by the year 2040.
The U.S. division of Honda Motor Co. ha...
The Board of Directors of BBL (Biocon Biologics Limited), a subsidiary of Biocon Ltd. has reportedly announced a partnership with SILS (Serum Institute Life Sciences Private Limited) by...
General Motors Co. is reportedly taking active efforts to help its longtime EV partner LG Corp., in tracking and fixing problems linked to battery fires in Chevrolet Bolt EVs, that have...
OneCard credit cardholders to get zero interest EMI options.
The service will be available across 2,70,000 Pine Labs PoS outlets throughout India.
Leading merchant commerce platfor...
SpaceX is officially entering the space tourism industry with the upcoming launch of four people into space this Wednesday for three days, making this the first mission to orbit with on...
British sports car manufacturer Lotus Cars Limited is reportedly planning to open at least 70 new showrooms in China by 2024 to better take on its arch-rival Porsche, the German automot...
An Australian court penalized German multinational financial services company Allianz SE and its affiliated company AWP Australia Pty Ltd. with USD 1.12 million for engaging in misleadi...
Homage’s total raised funding has surpassed USD 45 million
The startup currently boasts of a regional network of over 6,000 pre-screened and trained care professionals.
Homag...
The Australian government has secured a COVID-19 vaccine swap deal with Singapore, for 500,000 doses of the Pfizer jabs to curtail the unrelenting coronavirus infections across the nati...
Ride-hailing startup Ola has gained immense traction ever since the introduction of its electric scooters in the market. Now, Ola Electric is gearing up for the expansion of its electri...
Seoul-headquartered Urbanbase, a company that develops 3D spatial data tools for interior planning and design, announced to have raised USD 11.1 million in a Series B+ round. Hanwha Hot...
Western Digital Corp. is in advanced talks about merging with Japan’s Kioxia Holdings Corp. in a deal that could reach a valuation of over USD 20 billion. The companies are expect...
The United States Securities and Exchange Commission (SEC) is reportedly issuing new disclosure requirements for Chinese companies looking to list on the New York Stock Exchange, to mak...
Indonesia’s largest digital direct-to-consumer insurance company Lifepal has reportedly secured USD 9 million in a Series A funding round led by ProBatus Capital. The fresh funds ...
Indian online tutoring firm Vedantu is in advanced discussions to raise USD 100 million, amassing a valuation of a billion dollars post-funding, instead of reported acquisition by Byju&...
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 expansio...
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...
U.S. retailing giants Walmart and Target are anticipated to witness higher sales as parents shop for clothes and backpacks for children returning to school after the relaxation of...
EdTech startup SuperLearn has announced that it raised USD 300,000 in a pre-seed funding round led by Japanese venture capital company, Incubate Fund.
The event also saw participation ...
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 i...
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 Mana...
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 automake...
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 bi...
Indonesia-based cryptocurrency platform Pintu has reportedly secured USD 35 million in a Series A+ funding round led by Lightspeed Venture Partners. The funding round also saw participa...
Leading cannabis platform Leafly is reportedly in discussions to merge with blank check firm Merida Merger Corp. to go public, an agreement that would value the new combined entity at o...
Summit Digitel Infrastructure, primarily known for setting up telecom towers for Reliance Jio, has reportedly raised USD 500 million through overseas bonds. The Brookfield-backed compan...
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 not...
The wait for the arrival of the Tesla cars in India just got longer as the popular American auto giant faces high import duties, with the Indian government refusing to lower taxes on EV...
The agreement involves supply of around 6,000 to 17,000 tons of lithium annually to Renault SA.
Renault aims to make 90% of its models fully electric by 2030.
Australia-based lithi...
McDonald’s recently beat Wall Street’s estimates for its sales and profit as restaurants reopened despite a shortage of workforce and customers lined up to get their hands o...
Maritime operations automation platform Greywing has recently launched Crew Change, a solution to assist shipping companies in managing testing, isolation, and other Covid-19 related re...
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 billio...
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 ...
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...
Porsche AG has reportedly partnered with BASF to develop the next generation of lithium-ion batteries, which would be used in future Porsche electric vehicles worldwide. Cellforce Group...
German multinational automotive corporation, Daimler AG recently stated that the acute shortage of semiconductor chips is expected to disrupt car sales during the latter half of this ye...
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 ...
Italian fashion house Ermenegildo Zegna has reportedly revealed plans to go public by working with a New York-based special purpose acquisition company (SPAC). The agreement values Zegn...
Vietnam-based food technology startup Kamereo has reportedly secured USD 4.6 million in a Series A funding round led by Genesia Ventures Inc., Quest Ventures, and CPF Group. The fresh f...
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 enti...
Innovation Zed Limited, an Irish health solutions provider, has reportedly inked a global partnership agreement with SocialDiabetes S.L., a Barcelona-based company that specializes in d...
MPOWER Financing has reportedly secured USD 100 million in equity investments to reinforce its position as a top education loan provider for students aspiring to study overseas.
The co...
Over 18 million content creators have made videos for Trell.
The social media platform recorded 50 million active users last month.
Bengaluru-based lifestyle and social media platf...
American multinational firm Microsoft Corporation has reportedly agreed to acquire cybersecurity firm RiskIQ, to expand its product portfolio and provide better protection to the custom...
Stellantis N.V, a Fiat Chrysler Automobiles N.V. and PSA Group’s jointly formed entity, has finalized the partnership with Taiwan-based electronics manufacturer Foxconn Technology...
After a century-long run, intercity bus operator Greyhound Canada Transportation ULC has recently announced the permanent closure of its services in Canada. According to sources, the de...
British multinational arms, security, and aerospace firm BAE Systems plc has entered a strategic partnership with American firm electrical equipment manufacturing company Plug Power Inc...
SastaSundar, an Indian digital healthcare and wellness products startup, is reportedly in talks with Rohto Pharmaceuticals Co., Mitsubishi Corp., and other private investors to raise ar...
Delta Electronics Inc. has reportedly invested around USD 7 million in AI chip manufacturer Kneron. The fresh investment will increase Kneron’s total financing to around USD 100 m...
Pfizer Inc., the American multinational pharmaceutical company has reportedly raised the annual sales forecast for its COVID-19 vaccine by 70% and expects to accrue revenues worth USD 2...
Uber Technologies Inc. and Lyft Inc. are reportedly witnessing an increased demand for ride-hailing services from the American populace after pandemic restrictions were eased, however, ...
Hike Private Limited, an early investor in social gaming platform WinZO, has recently exited the firm after the startup made four-fold returns on the messaging platform developer’...
Toyota Motor Corporation, a Japan-based multinational automotive manufacturer is reportedly planning to acquire Lyft Inc.’s self-driving division for USD 550 million to expand aut...
The American plant-based meat producer Beyond Meat Inc. is reportedly planning to increase the distribution of its products in European retail stores in countries such as Germany, Switz...
German automobile, motorcycle, and engine manufacturing company BMW AG is recently announced that it aims to develop a solid-state battery car prototype before 2025, entering a fast-mov...
Indian startup Dream Sports is reportedly looking at a probable U.S. listing by early next year and expects to raise USD 1.5 billion, subsequently valuing the company at around USD 6 bi...
Indian merchant commerce startup, Pine Labs has reportedly acquired Malaysia-based fintech company Fave in an all-cash deal worth USD 45 million. This move will help the company scale i...
Despite the outrage from Twitter’s decision to replace stars (likes) with hearts (favorites), sources cited that the company is once again looking to make a radical change as it s...
With the introduction of its ‘WifiNanScan App’, Google has found a new way to keep neighboring smartphones and users connected. Sources with knowledge of the matter stated t...
Techstars and Omnivore VC are some of the venture capital firms that have invested in Pixxel.
The company has also revealed the launch of its hyperspectral imaging system.
Indian s...
News Corp., a multinational mass media giant has recently announced to have signed a content supply deal with Facebook Australia, signaling a truce after the country-wide social media b...
Airstar Digital, formerly known as Xiaomi Digital, a subsidiary of Xiaomi Corp., has reportedly made a strategic investment to own 49.87% of AMTD Capital, a subsidiary of AMTD Internati...
Shares of Indian multinational corporation Wipro Ltd. dropped by 5.2% after it had acquired British consulting firm Capco for USD 1.45 billion last week. Wipro’s stock had dropped...
Dija, the grocery delivery company, has reportedly launched its business in London on March 5, 2021. The startup has apparently confirmed that it has raised over £20 million of se...
The ePlane Company, an Indian startup that intends to revolutionize the mobility landscape, has reportedly secured USD 1 million in a seed funding round which was led by early-stage inv...
Amidst the booming digital payments market, Indian multinational conglomerate Reliance Industries Ltd. is reportedly joining forces with American tech giants such as Facebook Inc. and G...
Amidst the mounting demand for sustainable food products, one of the largest plant-based meat producers Beyond Meat has reportedly secured supply deals with prominent food companies nam...
Indian food delivery startup Zomato has reportedly raised USD 250 million in a funding round which was led by its existing investors Fidelity Investments Inc., Kora Management LP, and T...
Medina Capital and BC Partners will continue to hold their stakes in the combined entity.
Cyxtera Technologies had reportedly separated its security business in 2019.
Leading data ...
Germany-based leading automotive manufacturer Daimler AG is reportedly working on a legal framework for how its luxury vehicles company Mercedes-Benz and its relevant trademarks will be...
After a report found that Googles hotel rankings could be misleading for users, Google Ireland and Google France have reportedly agreed to pay a fine of USD 1.34 million (1.1 million eu...
Both the companies have currently kept the acquisition talks on hold.
Reportedly, Pinterest is currently valued at USD 51 billion.
In a recent turn of events, Washington-based tec...
A special purpose acquisition company (SPAC), GreenVision Acquisition Corp. has announced to have signed a definitive agreement with Helbiz Inc., a leading technology firm that speciali...
Verse Innovation Pvt. Ltd., the company behind the renowned news aggregator DailyHunt and short video app Josh, has reportedly secured around USD 100 million in a Series H funding round...
According to reliable sources, Qualcomm Inc., an American multinational semiconductor company, expressed their concerns regarding their struggle to meet semiconductor demand, while warn...
Two Houston-based hospitality giants Landry’s Inc. and Golden Nugget Inc. have reportedly announced to merge with Fast Acquisition, a blank-check company. The total valuation of L...
The fresh investments will allow upGrad to expand its regional services.
The popular Indian ed-tech platform registered a 50% surge in users in March 2020.
Mumbai-based leading on...
In the light of the global work-from-home trend as an aftermath of the Covid-19 pandemic, Levi Strauss & Co., in partnership with Target Corp., have reportedly announced the launch ...
According to reliable sources, India’s low-cost airline company IndiGo has lately emerged to be one of the key players in the airline industry in terms of capacity. Aided by a rap...
According to reliable sources, London-based multinational broadband satellite operator OneWeb has reportedly raised USD 1.4 billion in a funding round led by Hughes Network Systems LLC ...
Cloud technologies have been gaining quite the recognition in the recent past, with several companies focusing on business-centric strategies such as acquisitions or collaborations or i...
French multinational information technology company Atos has reportedly finalized an agreement to acquire In Fidem, a Quebec-based cybersecurity specialist. According to reliable source...
Milestone Technologies, an IT service management company, has recently announced the acquisition of the U.S.-based IT professional services company, Covestic, LLC. The deal was geared t...
Indian multinational conglomerate Tata Group has reportedly set up a strategy team led by Saurabh Agarwal, CFO, Tata Sons Pvt. Ltd., to explore options like mergers, alliance, and rebra...
Leading youth market research, trend reporting & strategy company KidSay has reportedly entered a joint venture agreement with Seismic Digital, a digital marketing consulting servic...
Looking toward sufficing the hunger of about 7.8 billion people worldwide, the agriculturists have been undertaking all potential measures to provide arable land to a greater population...
Specialty Welding and Turnarounds, LLC, a repair & erection services provider, has recently announced the acquisition of Hydroprocessing Associates, LLC.
Based in Moss Point, a cit...
In wake of the long-pending Brexit deal between the European Union and the United Kingdom, Tata Motor Ltd. witnessed a 5.6% surge in the share price on Monday.
According to industry ex...
The US International Development Finance Corporation (DFC) has reportedly announced an investment of $54 million in India with an aim to support the country’s critical infrastruct...
The newly secured funds have allowed Glance to reach a valuation of around USD 1 billion.
Glance also operates a popular video-sharing social media platform Roposo.
Glance, one of ...
Internet domain registrar and web hosting company GoDaddy Inc. has reportedly signed a contract to acquire Poynt, a California-based payments processor, for USD 365 million. The acquisi...
In recent developments, Murphy USA Inc., an Arkansas-based organization that operates a chain of retail gas stations, has reportedly agreed to acquire QuickChek Corporation in an all ca...
Stitch Fix shares have reportedly witnessed a surge of over 33 per cent in the after-hours trading following the company’s announcement of surprise profit and 10 per cent revenue ...
The Goldman Sachs Group is reportedly considering plans to shift its asset management division to a new base in Florida. The decision is likely to give a potential blow to New York&rsqu...
Shares of electric truck startup Nikola dropped during trading on Monday following General Motors’ announcement of renouncing an equity stake in the compa...
Netflix, the leading American OTT content platform and production company, has reportedly announced that it plans to disclose its actual UK income amidst the rising political pressure o...
Cloud-based software major, Salesforce, has reportedly opened talks for the acquisition of American business communication software platform, Slack. A deal with regards to the same coul...
Globally leading provider of meal kits, HelloFresh’s US subsidiary has reportedly signed an agreement for the acquisition of Factor75, Inc., a leading supplier of fresh and fully-...
Global cross-border payments leader, Western Union, has reportedly entered into a definitive agreement for the acquisition of a minority stake in the fast evolving and completely owned ...
© 2022 business-newsupdate.com. All Rights Reserved.