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McKinsey and Co. a consulting giant entity has decided to start cutting jobs in one of the biggest rounds of layoffs for the company. This is likely to eliminate the jobs of about 2000 employees from work. ...
Read More >>PayPal, the U.S.-based fintech giant, has reportedly announced that it will cut nearly 2000 jobs, approximately 7% of its workforce, as it turns the latest prominent tech company to shed staff in a bid to cut costs....
Read More >>British multinational low-cost airline group, EasyJet, has reported a record surge in bookings for the month of January as people prioritized their travel plans for the coming year. The news comes as airlines world ove...
Read More >>Microsoft, the U.S.-based technology frontrunner, reportedly investigating an outage that prevented thousands of customers from accessing services like Teams and Outlook. Apparent...
Read More >>Sun Cable, the Singapore-based solar energy company, has reportedly entered voluntary administration, despite the financial support it received from billionaire investors. The company was supposed to be working on a A$...
Read More >>Southwest Airlines, the Texas-based low-cost carrier, was reportedly criticized as it dealt with massive flight cancellations as competing US airlines recovered from a devastating winter storm. ...
Read More >>Singapore-headquartered startup, Plugo has reportedly secured $9 million in a Series A funding round. The business provides direct-to-consumer (D2C) companies with a full range of e-commerce support services, including...
Read More >>Dr. Reddy's Laboratories Ltd. and Cipla Ltd. surpassed Aurobindo Pharma to rank as the 2nd and 3rd largest drug manufacturers in India by sales in the three months that ended on September 30. This was the first cha...
Read More >>Attero Recycling, a firm that recycles electronic waste, is aiming to launch an initial public offering (IPO) in 2025, according to its Co-Founder and CEO Nitin Gupta. As per Gupt...
Read More >>A $17 billion hydropower plant by Kayan Hydro Energy, which is hailed as the backbone of Indonesia’s green industry dream, has failed to take off due to an 8-year-long delay in dam construction. ...
Read More >>Newly appointed Prime Minister Liz Truss is considering doing a complete review of Britain's visa system, as the nation struggles with severe labor shortages in vital industries. Business leaders across the UK have...
Read More >>The visa and business reforms by the UAE will open new prospects for investors, entrepreneurs, IT specialists, job seekers, and tourists, according to credible sources. This will reportedly benefit the region’s e...
Read More >>Singapore, 2 August 2022 – The National Environment Agency (NEA) and the Singapore Land Authority (SLA) have signed a Memorandum of Understanding (MOU) to develop the u...
Read More >>Parker Hannifin Corporation business segment, Parker Aerospace has reportedly signed a five-year PBL (performance-based logistics) contract with the U.S. Air Force and Defense Logistics Agency (DLA). ...
Read More >>Sterling Generators Pvt Ltd., one of India’s foremost genset players and a Wilson and Sterling Group Company has proudly declared a strategic collaboration with the French producer of power generation diesel and ...
Read More >>IMCD, a global leader in the formulation and distribution of speciality chemicals and ingredients, has recently announced that it is opening a Dhaka office and Food & Nutrition Application Laboratory to embrace its...
Read More >>Axiata Group Bhd or Axiata and Digi.Com Bhd are anticipating the potential of their proposed merger company, which is expected to be known as Celcom Digi Bhd, for solidifying the capacity to accelerate digitization for...
Read More >>Progcap, a pioneer in the field of corporate-driven financing solutions for small and medium-sized businesses (SMBs), has secured $40 million in private equity capital at $600 million valuation. ...
Read More >>MotorK Plc- a leading Europe-based SaaS producer for the automotive retail industry- has announced entering into talks to acquire WebMobil24, a Germany-based software firm of e-commerce platforms and provider of stock ...
Read More >>Etihad Cargo, the cargo division of Etihad Aviation Group, has recently entered into an MOU (Memorandum of Understanding) with B Medical Systems. The MoU, publicized recently duri...
Read More >>Genes2Me has recently announced the successful launch of a self-test rapid antigen test kit, CoviEasy for COVID-19, that provides faster results in 10 minutes. Supported by AI-det...
Read More >>OTS Holdings Limited, a food manufacturing and brand builder group, has launched a ready-to-eat, plant-based food brand, ANEW which is determined to provide nutrition, quality, and convenience to consumers with a touch...
Read More >>Avanade is launching new offerings to provide solutions to clients over intricate sustainability challenges to make sure that they get the best from the latest Cloud for Sustainability by Microsoft. ...
Read More >>iFarmer, a platform that enables Bangladeshi agriculture financing, has reportedly raised $2.1 million in a new financing round as the firm is looking forward to maintaining its fast-tracked growth and expanding across...
Read More >>Orit Farkash-Hacohen, Minister of Science and Technology of Israel has reportedly inked a memorandum of understanding (MoU) with Abdellatif Miraoui, Minister of Higher Education, Scientific Research and Innovation of M...
Read More >>TagZ Foods, a leading snacks brand, has reportedly claimed the possibility to be the nation’s fastest direct-to-consumer food company to reach the annual sales mark of USD 128 million approx. The brand aims to in...
Read More >>Pintarnya, a job upskilling platform based out of Indonesia, has reportedly announced that it plans to develop a new app for the 60 million blue-collar workers of Indonesia who often face uncertainty and scams while lo...
Read More >>The on-going conflict between Russia and Ukraine has adversely affected the fish and chips industry in the United Kingdom, driving the closure of centuries-old shops, sharp price hikes, and change in menus. ...
Read More >>The U.S. Department of Energy (DOE) has reportedly announced funds of $3.16 billion from President Joe Biden’s ‘Bipartisan Infrastructure Law’ for bolstering the domestic battery manufacturing and sup...
Read More >>Energy giant Shell plans on selling more than 400 petrol stations of its Russian subsidiary Shell Neft to Lukoil, the second largest oil producer in the country after state backed Rosneft. ...
Read More >>India and Italy have reportedly announced collaboration to onset multiple partnerships across key renewable energy sectors such as biofuels, green hydrogen, and energy storage. In...
Read More >>RenewableUK has reportedly announced multiple major policy recommendations in its latest report to assist the Government of the United Kingdom in achieving the target of 10GW less carbon hydrogen by 2030. This will rep...
Read More >>The latest collection of pet gear caters to the needs of outdoor enthusiasts and active dogs Petco Health & Wellness Company, in collaboration with premier ou...
Read More >>Bentley has recently announced a recruitment drive for 100 engineers as the automobile manufacturer is aiming to fulfil its Five-in-Five plan. The applications have begun for 50 job opportunities and will increase in t...
Read More >>Spinneys has recently become the first retailer to collaborate with the ‘Food for Life’ programme, which is a UAE-based initiative to lead the nationwide transformation towards healthier diets from sustaina...
Read More >>Groupe Bruxelles Lambert SA, a Europe based investment company, is on the verge to close a deal to purchase Affidea, a health-care service company from Ernesto Bertarelli, Switzerland’s richest man. ...
Read More >>Nokia, the famous telecom manufacturer, has announced its exit from the Russian market after the country waged a war against Ukraine. As per credible sources, the move comes amidst ...
Read More >>Banana Wave, a leading banana-and oat-based milk alternative made by Mylk Brands, has received funding from Eat and Beyond Global. As the increase in dairy shortages upset the indus...
Read More >>Google, at its Cloud Data Summit, has announced the launch of BigLake, a new data lake storage engine which makes analysing data in data lakes and warehouse easy for businesses. The...
Read More >>Speculations have it that Apple might launch a hybrid of iPad and iPhone by 2025 An Apple analyst suspects that Apple might unveil a new foldable model with a 9-inch sc...
Read More >>ADQ, a leading Abu-Dhabi centric holding and investment firm has announced an agreement to acquire a major equity stake in Unifrutti Group, a foremost universal distributor and producer of top-quality fresh produce, fr...
Read More >>India has reportedly signed six agreements with Sri Lanka to propel bilateral cooperation in varied sectors like fisheries, technology, and hybrid power projects, as stated by the Indian High Commission. ...
Read More >>Pandorum Technologies, a leading biotechnology firm working towards regenerative medicine and tissue engineering, has announced a long-term partnership with Wipro to speed up the development of regenerative medications...
Read More >>Citigroup Inc. has announced hiring 900 new employees for its commercial banking unit in Asia Pacific in the coming three years. A huge segment of the new hires will be reportedly directed towards the APAC business of ...
Read More >>The electric services company will offer charging, installation, rental, and maintenance services for residential EV owners Xcel Energy, one of the biggest power pr...
Read More >>Lotte Foods and Lotte Confectionery are planning to collaborate to increase profits of their ice cream business by cutting costs in retailing and production. The news allegedly come...
Read More >>Philippine Airlines (PAL) along with its regional associate PAL Express (PALex) have announced collaborating with IBS Software to endow their workers with a brand new, completely digital system to manage and book staff...
Read More >>As Russian military announced invasion in Ukraine, people around the world are doing their bit to support the Ukrainian government. To this end, people are donating cryptocurrencies worth $400,000 Bitcoin to Come Back ...
Read More >>Thailand based PTT Oil and Retail Business (PTTOR) BK has announced investing nearly $2.9 billion in the upcoming 5 years to boost their food and beverage business by utilizing the big gas station network. ...
Read More >>Germany-based Siegwerk, a foremost global provider of coatings and printing inks for packaging applications and labels, has publicized the launch of its ‘Mineral Oil Free Inks’ range across the Indian marke...
Read More >>Kenko Health, an Insurtech startup, has reportedly raised $12 million in a Series A funding tranche, led by Sequoia Capital India. The financing round also observed participation from previous investors Orios, Beenext,...
Read More >>Investors are reportedly looking forward to ascertaining Pfizer Inc.’s plans for the massive, possibly once-in-a-generation cashflow from COVID-19 vaccines and treatments in 2022, with some hoping that the drugma...
Read More >>The rapidly growing popularity of the metaverse and NFT market has now roped in South Korean video game developer Netmarble, with the company recently announcing plans to launch new games based on blockchain and metave...
Read More >>Singapore's economy, in 2021, reportedly grew at its best annual rate in over a decade as the country emerged from its worst recession due to the coronavirus pandemic. As per cr...
Read More >>The world is reportedly witnessing an unprecedented surge in the demand for superyachts amidst growing number of billionaires and elevated inclination towards escaping crowds during the COVID-19 pandemic. ...
Read More >>Apple is reportedly working on a new feature for its iPhone and iWatch series that will allow the devices to detect a car crash and instantaneously dial 911 in the event of an accident. This crash detection feature cou...
Read More >>The company’s net revenue is projected to jump by 32% to USD 62.5 million in Q3 2021. The IPO will be underwritten by Morgan Stanley, BofA Se...
Read More >>Facebook, Inc is reportedly testing an option that will allow users to cross-post their photos, videos, and other posts on their Instagram. It already has the feature to let people cross-post their Instagram content to...
Read More >>The automaker’s annual wholesale growth has been around 24%. The company saw a 10% rise in passenger car sales during Q2 2021, as compared to...
Read More >>American multinational automotive giant General Motors Co., to its investors, said that the company aims to double its revenue by 2030 by generating profits from combustion vehicles even while rolling out EVs and new d...
Read More >>Swedish automotive giant Volvo Cars is reportedly planning to raise USD 2.9 billion during its initial public offering (IPO) despite the worldwide semiconductor crisis. These funds will help the Geely-owned Volvo in it...
Read More >>Since the past 18 months, Marriott International has reportedly signed 22 new hotel projects in South Asia, comprising Nepal, Maldives, Sri Lanka, Bangladesh, Bhutan, and India. The world’s largest hotelier is lo...
Read More >>FedEx Logistics, a subsidiary of FedEx Corporation that provides specialty solutions, has announced to have launched a new office in Seoul, South Korea. The move echoes the company’s efforts to expand its worldwi...
Read More >>Cake, a Swedish electric motorcycle manufacturer has reportedly secured USD 60 million in a Series B funding round. The company intends to use the fresh funds to develop manufacturing facilities in Asia, America, and E...
Read More >>Indian tech startup FloBiz, which helps in digitizing medium and small businesses, has reportedly raised USD 31 million in a Series B funding which was led by venture capital firm Sequoia Capital India, Think Investmen...
Read More >>German motor vehicle manufacturer Volkswagen Group has reportedly teamed up with England-based semiconductor and software design company Arm Holdings to fuel the development of the software-defined automobile. ...
Read More >>Enterprise software giant Oracle missed out on meeting Wall Street’s revenue expectations for the first quarter. Even the company’s shares dropped by 1.4% during extended trading after disclosing its quarte...
Read More >>French grocery delivery startup Cajoo has reportedly raised USD 40 million in a Series A funding round which was led by supermarket major Carrefour SA. The funding round also involved a troupe of prominent investors su...
Read More >>Tencent Holdings has reportedly terminated all its exclusive music copyright agreements after Chinese regulators prohibited it from making such deals last month. As per a statement ...
Read More >>Elastic NV, the company behind the Elastic Stack, has announced that it has agreed to buy Cmd, a Canada-based security company specializing in infrastructure detection and response. ...
Read More >>American airline Breeze Airways has announced securing USD 200 million in a Series B funding round led by accounts and funds handled by Knighthead Capital Management LLC and BlackRock Inc. The company aims to use the f...
Read More >>eBay Inc. has recently forecast its current-quarter revenue below market estimates, indicating that vaccine rollouts and reopening economies could bring an end to the pandemic instigated shopping boom. ...
Read More >>Reportedly, General Motors Company is planning to replace the Chevrolet Camaro with an all-electric performance sedan in a few years with the existing model likely to be phased out by 2024. ...
Read More >>The India-focused SPAC intends to reach its target within 12-16 months. The fresh funds will be used to acquire Indian businesses valued between US...
Read More >>Immersive Labs, a cybersecurity training platform, has reportedly secured USD 75 million in a Series C funding round that was led by Insight Partners. The U.K.-based startup has now raised USD 123 million to date. ...
Read More >>Indian food delivery startup Zomato has committed to shifting its entire delivery fleet to electric vehicles by the year 2030. The company has also joined the global electric mobility initiative EV100 of the Climate Gr...
Read More >>Electric-automobile giant Tesla Inc. may have to go through a tedious procedure of shipping its Texas-manufactured cars to other states before it can sell them to Texans, due to state laws banning car manufacturers fro...
Read More >>Yalo, a conversational commerce platform, has reportedly secured USD 50 million during a Series C funding round which was led by B Capital Group, a Hong Kong-based venture capital company. The company has raised USD 75...
Read More >>Prime Now’s 2-hour delivery feature will soon be available on the main Amazon app. Amazon intends to provide users a unified platform for all...
Read More >>Amazon is reportedly facing five new lawsuits on the pretext of discrimination and retaliation at work, mostly from white male managers. Present and previous Amazon warehouse and co...
Read More >>Google is facing a USD 123 million fine from the Italian competition regulator for misusing its market position. The case is specifically related to Google’s in-car operating system, Android Auto. ...
Read More >>Reportedly, the U.S. government is closely working with Colonial Pipeline, a prominent fuel pipeline provider, to assist it in recovering from a ransomware cyberattack that forced the company to shut down a vital fuel ...
Read More >>The French startup has now surpassed the USD 1 billion mark. The fresh investments will be used to expand its product portfolio. ...
Read More >>Multinational tech-giant Microsoft was reportedly looking to lower its Xbox store commission fee to a meager 12% from the previous 30%, as per confidential documents submitted in the Epic Games and Apple case. ...
Read More >>Reportedly, Microsoft Teams currently has 145 million daily active users, demonstrating a 26% increase in user base since October last year when the tech giant had reported 115 million daily active users. ...
Read More >>Iron Mountain Inc., the Boston-based enterprise information management services provider, has reportedly entered a joint venture agreement with Web Werks to expand its data center footprint in India. ...
Read More >>Finnish telecommunications giant Nokia Corporation has reportedly signed a joint venture agreement with LG Uplus, a prominent cellular carrier, to expand 5G coverage in South Korea. ...
Read More >>American Airlines and JetBlue had announced their partnership in July last year. According to the Justice Department, the deal may cause inflated f...
Read More >>Ford Motor Company, the American multinational automaker, is reportedly planning on introducing a hands-free driving feature on its 2021 Mustang Models as well as 2021 F-150 pickup truck through a software update, by t...
Read More >>Twitter, an American microblogging service company, had touted plans of acquiring Clubhouse, an audio chat iPhone app and live drop-in audio networking platform. The deal was estimated to be valued at around USD 4 bill...
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