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310 stories
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 […]
Ocado, that develops software, robotics, and automation systems for online retailers has invested £10 million in Oxbotica, an autonomous vehicle software company. The company Ocadoa, leading UK-based online grocery platform and solutions provider announced the partnership with the Oxford-based startup Oxbotica to develop a range of autonomous vehicles. Ocado is treating this as a strategic […]
The British manufacturing company Melrose Industries to sell its Nortek Air Management business to Chicago-based Madison Industries for approximately £2.62 billion ($3.625 billion). In the Year 2016 the Melrose Industries acquired Nortek for £2.2 billion, in the same year Melrose seed funded a new technology for the nascent StatePoint business, with an initial $2 million […]
The fintech solutions company Pine Labs acquires Singaporean startup Fave for $45 million as part of joint growth & expansion plan. Fave has enabled 6 million consumers in SEA to save over US$400 million across 40,000 retailers since 2016. With this acquisition, Indian consumers will be able to use Fave app later this year to […]
The Singaporean multinational ride-hailing company and Southeast Asia’s leading superapp, Grab Holdings Inc. (“Grab”), has announced to go public with U.S. in partnership with Altimeter Growth Corp . (Nasdaq: “AGC”). This merger is expected to be one of the largest-ever U.S. equity offering by a Southeast Asian company. The proposed transactions value Grab at an […]
The American multinational investment management corporation, BlackRock has raised $4.8 billion for Global Renewable Power Fund III with commitments from over 100 institutional investors, including leading public and private pension funds, foundations, insurance companies, endowments and family offices from over 18 countries globally. GRP III, which invests in global climate infrastructure assets, primarily in renewable […]
The Saudi Arabian public petroleum and natural gas company, Saudi Aramco has agreed to sell its minority stake of $12.4 billion in a newly formed oil pipeline business to a US based EIG Global Energy Partners. It is Saudi Aramco’s largest deal since its record $29.4 billion initial public offering in late 2019. The deal […]
