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BT
Finance

Blackstone offers to buy Australian based Crown Resorts for $6.2 billion

The American based investment management company Blackstone has offered to buy Australia’s leading gambling and entertainment complexes Crown Resorts for $6.2 billion (A$8.02 billion). Crown Resorts is one of Australia’s largest entertainment groups and makes a major contribution to the Australian economy through its role in tourism, employment, training, and its corporate responsibility programs. Crown’s […]

Shyam Dev2 min read
Deliveroo
Finance

Deliveroo aims a valuation of up to £ 8.8 billion in share listing

The England based online food delivery company, Deliveroo is aiming for a valuation up to £8.8 billion ($12.2 billion) in its upcoming initial public offering (IPO) in London Deliveroo, which is backed by Amazon, has set a price range of between £3.90 and £4.60 per share for its initial public offering (IPO), implying an estimated […]

Shyam Dev2 min read
Cathay
Finance

Hong Kong’s Cathay Pacific records an annual loss of $2.8 billion

The flag carrier of Hong Kong, Cathay Pacific said that it had recorded an annual loss of $2.8 billion (HK$21.6 billion) previous year because of COVID-19 pandemic. The financial performance of the company sank even lower than predicted. In the second half of 2020, losses increased to HK$11.7billion from the previously announced HK$9.9 billion. It […]

Shyam Dev2 min read
Wipro Logo
Finance

Wipro to acquire London based technology management consultancy Capco for $1.45 billion

The Indian multinational corporation Wipro announced that it has signed an agreement to acquire London based technology management consultancy Capco for $1.45 billion. Capco is a global management and technology consultancy providing financial services with a dedicated energy division, headquartered in London. The company Capco provides technology and consulting services to financial institutions in Europe, […]

Shyam Dev2 min read
bottled water
Banking

Nestle to sell Zephyrhills spring water and other bottled brands for $4.3 billion

Nestle the food and drink processing conglomerate corporation and one of the largest food company in the world, is selling its bottled water brand for $4.3 billion.A Pasco county brand Zephyrhills Natural Spring Water which pumps water from nearby crystal spring into bottles throughout the southeast. The company is selling its bottled water brands ( Deer […]

Shyam Dev2 min read
BT
Banking

Carlyle agrees to invest $200 million in Kakao Mobility

Carlyle , the American multinational private equity, alternative asset management and financial services corporation is all set to invest $200 million in Kakao Mobility in a pre-initial public offering. Kakao Mobility is a technology company found in August 2017 that offers a variety of transportation-related services such as taxi, designated driver, parking and navigation through […]

Shyam Dev2 min read
SpaceX
Technology

SpaceX raises $850million, valuation moves to $74 billion

American aerospace manufacturer and space transportation services company SpaceX raises $850million sending the company’s valuation to $74 billion. SpaceX raised new funds at $419.99 a share just a cent below the $420 price that Elon Musk made infamous in 2018, when he announced that he had “funding secured” to take Tesla private. The current raise […]

Shyam Dev2 min read
Bitcoin
Finance

Bitcoin prices reaches a record high of $50,000

The prices of Bitcoin has reached a record high of $50,000 to become world’s number one crypto currency after some of the major financial institutions such as MasterCard, BNY Mellon and BlackRock had disclosed their plans to enter Cryptocurrency. Over the past few days the world’s biggest Cryptocurrency traded at a price range of 49,950.93 […]

Shyam Dev2 min read