Etsy, the online marketplace for crafters, s able to make into the exclusive club of companies in the S&P 500 Index but the electric car maker Tesla could not. This was a move that surprised many market analysts after this inclusion was announce by the S&P Dow Jones Indices on Friday evening. It said that…
No major negative side effects of the use of Russia’s potential coronavirus vaccine was found in early results from trials according to a recent study published in the peer-reviewed medical journal The Lancet revealed on Friday. The Lancet article said that the trial for the vaccine was conducted on 76 healthy volunteers aged 18 to…
According to sources familiar with the matter at hand, KKR-backed cybersecurity startup KnowBe4 Inc, is preparing for its U.S. initial public offering (IPO). The startup helps train employees to detect phishing emails. In 2019, KnowBe4 had raised $300 million in a private fundraising round led by buyout firm KKR & Co. It has now engaged…
With the novel coronavirus pandemic forcing people to work from home necessitating the need for video conferencing to connect staff working from home, there has been growth in demand for Zoom’s services and consequently the company’s revenues jumped by more than 350 per cent year on year in the second quarter with its profits for…
The economic impact of the novel coronavirus pandemic has seen closure of hundreds of stores of retail chains and companies. Bur despite that situation, the legendary toy maker Lego is now getting ready to open 120 new shops in within this current year itself. The Danish toy firm still believes in a very solid future…
On Thursday, in a report, India’s Mint newspaper stated, the world’s biggest e-commerce retailer Amazon.com Inc and U.S. wireless carrier Verizon Communications Inc are likely to invest more than $4 billion to buy a stake in Indian telecom firm Vodafone Idea Ltd, citing two sources aware of the negotiations.
In a statement, the Federal Communications Commission (FCC) said, a unit of Verizon Communications Inc has won multiple bids worth around $1.9 billion during the auction of a key spectrum block in the 3.5 GHz band. Totally, 228 bidders won bids worth nearly $4.6 billion for the mid-band spectrum block. The auction of the spectrum…
On Thursday, in a statement the British government said, it has cleared the 700 MHz band of airwaves following a four-year program that involved returning nearly 20 million TV sets, and freeing up new capacity to for the auction of 5G mobile services in January 2021. Releasing the spectrum will help increase the total amount…
The novel coronavirus pandemic has stoked demand for home appliances ranging from products to sanitize closets to customizable fridges. This has benefited the South Korean electronics giant Samsung Electronics Co Ltd and the company is now adding warehouses and is making efforts to take more of its popular products to more markets. Products that make…
According to sources familiar with the matter at hand, Bumble, a dating app, is preparing for an initial public offering (IPO), which could see the company being valued between $6 billion to $8 billion. Bumble’s IPO could come early next year, said a report from Bloomberg citing sources. Sources cautioned that Bumble’s IPO plans have…
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