With deliveries of its best seller planes, the 737 MAX jets, picking up during the quarter, United States based plane maker Boeing Co reported its first quarterly profits in almost two years, as global travel has started to see a revamp form the near collapse during the pandemic with a steady pace of Covid-19 vaccine…
With countries stocking up on its Covid-19 vaccines and ordering more for the rest of the year, its forecast for full-year sales of its vaccine was raised by Pfizer Inc on Wednesday by almost 29 per cent to $33.5 billion. Pfizer partnered with Germany’s BioNTech to develop the vaccine. While reaffirming that a booster dose…
Ahead of its potential IPO in 2022, India-focussed Silicon Valley messaging startup Gupshup said, it had raised $240 million in a funding round that was led by Tiger Global Management and others. While investment from venture capitalists is typically used for hiring engineers or expanding sales and marketing, buy-back deals allow investors, in the startup,…
On Wednesday, in a statement Class Technologies Inc said, it has raised $105 million in a funding round that was led by SoftBank Group Corp’s Vision Fund 2. Class Technologies Inc makes tools for Zoom Video Communications Inc’s platform to enhance online classes. Class Technologies Inc, an educational tech startup was created by Michael Chasen…
Higher costs of raw materials is likely to bring down its margins this year, warned Reckitt Benckiser Group, just like a number of other top consumer goods companies, which sent its shares down by 9 per cent on Tuesday. The company also reported a slowdown in growth in demand for its products such as Lysol…
An offer of covering of up to $2 billion in costs for NASA was made by Amazon.com’s founder and billionaire Jeff Bezos after his recent trip to space in the spaceship developed by his own space exploration company Blue Origin. The offer was made with the condition of NASA offering a contract to make a…
On Tuesday, in a statement scotch whisky maker Glenfiddich said, it has started to convert its delivery trucks to run on low-emission biogas made from waste products from its own whisky distilling process as part of a “closed loop” sustainability initiative. The company has installed fueling stations at its Dufftown distillery in north-eastern Scotland using…
The first vaccine in the world for malaria, based on mRNA technology, is planned to be developed by BioNTech – building on its successful development of Covid-19 vaccine. The company plans to begin clinical trials of the malarial vaccine by the end of next year in its effort to completely eradicate the mosquito borne disease…
India’s Tata Motors Ltd, the owner of JLR brand, is anticipating an easing of global supply chain issues that started with the emergence of the Covid-19 pandemic with the rapid roll out of vaccines and forecast on Monday of its optimism to see an enhancement of performance of its business from the second half of…
In a development that marks Britain latest crackdown on crypto trading, the country’s Financial Conduct Authority (FCA) said, CoinBurp, a crypto broker, is not fully authorised to continue operations. The development comes at a time when CoinBurp planned on launching its $BURP token and initial exchange offering (ICO). CoinBurp could start business under its temporary…
business-gurus.com 