Topic
304 stories
The banking supervisory authority, Basel committee has actioned some toughest capital rule for crypto assets. The global regulators proposed that the banks must set aside enough capital to cover losses on any bitcoin holdings in full in a step that could possibly prevent wide-scale use of the cryptocurrency by big lenders. It has proposed a […]
The consumer goods company Reckitt Benckiser to sell infant nutrition formula to Primavera Capital for $2.2 billion. Reckitt Benckiser will retain an 8 per cent stake in the unit and it will see net cash proceeds of about $1.3 billion, which it plans to reduce the debt, the company said in a statement. The company […]
The American multinational Carlyle Group buys UK pharmaceuticals Vectura Group for £958 million. Around 136 pence in cash plus a dividend of 19 pence for each share under the terms of the offer representing a 32% premium on the ex-dividend closing price of the stock. The chairman of Vectura group Bruno Angelici said: “Vectura has […]
The American messaging app developer Snap to buy reality tech company WaveOptics for over $500 million. Snap introduced their next generation of Spectacles, which brings augmented reality to life. They are lightweight display glasses, made for creators to overlay their Lenses directly on to the world, exploring new ways to fuse fun and utility through […]
The American investment bank, Goldman Sachs Invests in Ulu Ventures under its Launch with GS Initiative. Launch with GS is a $1 billion investment strategy of the firm which is grounded to data-driven thesis that helps teams drive strong returns. Goldman Sachs has also announced that it has committed an additional $500 million to invest […]
The American based technology company Amazon is in talks to acquire MGM studios for $9 billion which would improve Amazon’s streaming media. This reports comes hours after telecoms giant AT&T agreed to club its WarnerMedia unit with Discovery in a deal to create a new streaming giant. According to the media reports MGM studios parent […]
The American electric vehicle company Tesla stops Bitcoin Payments due to the concerns about the use of Fossil Fuel. The planet’s largest cryptocurrency, Bitcoin fell around 17% after the tweet by Elon Musk, first five minutes saw a 5% drop after announcement. The Chief Executive Officer of Tesla, Elon Musk Tweeted: “Tesla has suspended vehicle […]
The Biotech company Ginkgo Bioworks merges with Harry Sloan in $17.5 billion deal SPAC deal, the firm found by Harry Sloan is Soaring Eagle Acquisition Corp. Boston based Ginkgo Bioworks is also backed by Bill Gates private investment firm Cascade Investment. The company also received $1.1 billion loan from the U.S. Government for COVID-19 testing […]
The Australian investment bank and financial services company Macquarie to sell České Radiokomunikace to Cordiant Digital Infrastructure. České Radiokomunikace is one of the leading telecommunications company in the Czech Republic. The company also provides media and technology infrastructure, it operates a portfolio of 660 telecommunications towers, with 97 radio broadcasting sites, 86 television and 3,730- […]
The British-Swedish multinational pharmaceutical and biotechnology company, AstraZeneca, has made a staggering $275 million in revenue in first quarter from its Covid-19 vaccine. The revenue from Covid-19 Vaccine came by delivering 68 million doses Worldwide, Sales in Europe were $224 million, market sales were $43 million, and $8 million in the rest of the world. […]
The Australian multinational independent investment bank and financial services company Macquarie Infrastructure and Real Assets ( MIRA ), is set to acquire Australian waste management and recycling company BINGO Industries for $2.3 billion. Macquarie Infrastructure and Real Assets ( MIRA ), is offering to buy ASX listed Bingo (BIN) for $3.45 per share, which represents […]
Toyota’s subsidiary, Woven Planet Holdings has announced to acquire Lyft’s Level 5 self-driving division for $550 million. This deal will accelerate software Innovation for Automated Driving Mobility and marks the first major deal for the newly established Woven Planet. Lyft and Woven Planet have also signed commercial agreements to utilise Lyft’s system and fleet data […]
