Global oil prices have clime dot a two and half year high as demand rise with the reopening of economies from the Covid-19 pandemic closures which has prompted the OPEC+ ministers to agree to increase oil supply from August so that prices come down. The crucial agreement between the OPEC countries and allies like Russia,…
A draft prospectus filed by the Indian digital payments firm Paytm shows that the company plans to raise as much as 166 billion rupees ($2.2 billion) through an initial public offering in Mumbai. It was just two days ago that the online food delivery giant Zomato began raising a targeted $1.3 billion through a share…
In a statement UK-based cybersecurity firm Avast Plc said, it was in advanced talks over a potential merger with NortonLifeLock Inc. If the negotiations are a success, it will result in a cash-and-share deal, said Avast. The company however cautioned thar there is no certainty that a deal will be agreed. Late on Wednesday, NortonLifeLock…
On Thursday Toyota Motor Corp’s research arm said, it had acquired US based map and driverless vehicles data provider Carmera. The acquisition underscores Toyota’s push to bulk up its self-driving arsenal as traditional automakers compete with tech giants in the emerging autonomous vehicles sector. The acquisition will provide Toyota access to real-time, high-definition maps and crowdsourced…
The former boss of both auto makers Nissan and Renault, Carlos Ghosn, spoke out publicly for the first time about his arrest and scape from Japan in an interview to the BBC. Ghosn recalled how he was bundled inside a box on board a plane at 10.30 pm on a cold December night in 2019…
Coke is set to change the recipe for its Coca Cola Zero Sugar drink. The company will be making a change in the recipe of the drink as the company tries to make the drink taste more like the regular Coke, Coca Cola said Tuesday. The company will also change the look of the can…
Market sentiment could be boosted by the move by Chinese authorities to bring down the amount of funds banks need to hold in reserve, and it could also be beneficial for stocks in some sector, said a report from the investment bank UBS. Reduction of the reserve requirement ratio (RRR) by 50 basis points for…
Israel has struck a partnership with the United States based pharma company NRx Pharmaceuticals for completion of trials and commercialization of the Covid-19 vaccine that has been developed in Israel called BriLife. A memorandum of understanding was signed between NRx and the Israel Institute for Biological Research on Monday, and the two parties said that…
In a statement database software company Couchbase Inc said, it plans on raising $161 million through an initial public offering, which could see the company valued at more than $900 million. As per its regulatory filing, Couchbase, whose investors include GPI Capital, North Bridge Venture Partners and Accel, plans on selling 7 million shares in…
The Spanish government wants to initiate the production of electric vehicles and batteries with an investment of 4.3 billion euros ($5.1 billion) as a part of the government’s major national spending programme. The Spanish government said on Monday that majority of the funding for the program will be from the European Union recovery funds. The…
