Deutsche Bank, one of the world’s major financial institutions, has now teamed up with Taurus SA as part of its journey into the cryptocurrency sector. As part of the partnership, Deutsche Bank — Germany’s largest bank and a global financial heavyweight with over €1.3 trillion ($1.4 trillion) in assets, has set its sights on offering … [Read more…]
British chip design firm Arm has been gearing up to go public for quite some time, and now, the chipmaker has set the stage for one of the most significant initial public offerings (IPOs) of 2023. In a move that marks a resurgence in the tech IPO market, Arm revealed that it has priced its … [Read more…]
Global investment major KKR has upped its stake in Mukesh Ambani’s Reliance Retail Ventures with an additional investment of ₹2,069.50 crore (nearly $250 million), which elevates the valuation of the company to a staggering $100 billion. This follow-on investment boosts KKR’s equity stake in Reliance Retail to 1.42% on a fully diluted basis owing to … [Read more…]
You may soon see Indian firms listing on the likes of the London Stock Exchange. India is revisiting the idea of permitting local companies to list on foreign exchanges, according to Finance Minister Nirmala Sitharaman. This move, which had been put on hold previously due to concerns and opposition, could open up opportunities for Indian … [Read more…]
Paytm had brought in a literal revolution of sorts, when it introduced the hugely innovative and popular payments soundbox. A nifty little gadget that sits on the desks of 1000s of small merchants across India and pops up an audio announcement as and when you use a QR-code to make a payment. India’s mom and … [Read more…]
In a strategic move, American retail giant Walmart revealed that it has spent a total of $3.5 billion over the first six months of this year in order to acquire additional stake in Flipkart from non-controlling stakeholders. This substantial investment includes the purchase of shares held by co-founder Binny Bansal, as well as investments by … [Read more…]
Elon Musk’s EV maker Tesla has introduced a revamped version of its popular Model 3 sedan, soon after it introduced affordable variants of its Model S and Model X vehicles. This comes soon after the automaker introduced a series of price cuts of its vehicles in several markets this year, which helped it pocket a … [Read more…]
Boeing sudah membayar $160 juta (£126 juta) kepada Alaska Air untuk mengganti kerugian yang diderita maskapai tersebut menyusul ledakan udara yang dramatis pada bulan Januari. Alaska menyatakan duit tersebut bakal menutupi keuntungan yang hilang didalam tiga bulan pertama tahun ini dan menghendaki pembayaran lebih lanjut didalam lebih dari satu bulan mendatang. Regulator untuk waktu menghentikan … [Read more…]
Tiger Global is adding another handsome exit to its list of Indian startup exits. The firm wrapped up its latest exit in India this year by selling its remaining stake in Zomato for ₹1,123.85 crore through open market transactions. This exit marks the culmination of Tiger Global’s investment journey with Zomato, one of the largest … [Read more…]
In a significant development within the Chinese electric vehicle (EV) landscape, Xpeng Motors, a prominent EV startup, has decided to acquire the smart EV development business of Didi Global. As part of the deal, Xpeng will issue around 3.25% of its shares to Didi at HK$64.03 per share, establishing the ride-hailing giant as a strategic … [Read more…]