The Japanese conglomerate SoftBank will invest $2 billion in ride-hailing giant Grab to create a next-generation transportation network to transform the healthcare services. SoftBank will invest the US$2 billion into the country through Grab, to drive the digitization of crucial services and infrastructure – Singapore-headquartered Grab The considerable Softbank investment will also help Grab build […]
Microsoft has clinched a new partnership agreement with Elon Musk-funded OpenAI. Microsoft has made this move as a follow-up to its interest in expanding its Azure cloud computing service. OpenAI aims to integrate artificial intelligence (AI) supercomputing technologies. Recently, Microsft has invested $1 billion dollars towards developing an Azure-based hardware and software platform geared for […]
In a major announcement, Ritesh Agarwal, CEO, and founder of Oyo Hotels & Homes of India has informed that his company plans to invest 300 million dollars for its expansion in the United States. This growth has been driven by the Oyo Hotels and Oyo Townhouse brands of the company. The company is already established […]
Reserve Bank of India (RBI), the central bank of the country, has been looking for ways to help bad-loans burdened Indian banks, and at a recent symposium hosted by the Institute of Indian Economic Studies in Tokyo, RBI has urged foreign investors to acquire corporate bonds in order to mobilise growth in the Indian economy. […]
Amazon leads a $575 million funding round in the UK-based food delivery company Deliveroo, continuing its efforts to diversify into the takeaway market as it takes on a rival such as Uber Eats in a competitive market. While neither company has revealed how much Amazon is giving its former rival, being the biggest investor in […]
This Friday Uber has decided to take a gigantic step in its vision to become the largest technology company in the segment of the ‘unicorns‘ that manages to impact its output to the stock market. Wall Street undoubtedly witnessed one of the most anticipated IPO events of the year, since it announced its intention to […]
Ola Electric Mobility has set up as an independent entity in March 2019. It is currently running several pilots involving charging solutions, battery swapping stations, and deploying vehicles across two, three and four-wheeler segments. Cab hailing service Ola’s electric vehicle division ‘Ola Electric Mobility Pvt Ltd (Ola Electric)’ has raised funds from Ratan Tata, Chairman […]
The introduction of the new financial year seems to be a good start for Paytm. Market regulator Securities and Exchange Board of India (SEBI) has approved Paytm Money for stock broking services. That means, now they can buy investor shares through the new approval from the regulatory body. Paytm has signed a partnership with BSE […]
Sachin Bansal who apart from being the co-founder of Flipkart is also India’s foremost internet entrepreneur. He made an investment of INR 650 Cr in the taxi-hailing company Ola. Ola was founded back in 2011 by Bhavish Aggarwal and Ankit Bhati and has proved to be one of the essential taxi-hailing apps available on the […]
There were rumors earlier this week that General Motors and Amazon were interested in the electric pickup and SUV maker, Rivian. Today, Rivian announced their decision to close a $700 million funding round led by Amazon, confirming its inclusion of “participation from existing shareholders.” This investment is an important milestone for Rivian and the shift […]
The recent India-Pakistan disputes have resulted in a drop in European stock markets, which have spurred investors to turn to ‘safer’ Asian assets such as the Japanese Yen. New Delhi and Islamabad are engaged in a battle of conflicting military claims. In response to Pakistan’s JeM-led suicide car bombing and attack on the Indian military […]
Tesla is acquiring battery technology developer Maxwell Technologies in a deal valued at $218 million. On Monday the deal was announced that Elon Musk might be looking to Maxwell Technology for help to make its batteries better-performing. The all-stock acquisition values San Diego-based Maxwell at $4.75 a share, or a 55 percent premium over the […]
