Author: News Desk
Elon Musk may invest up to $15 billion of his cash to buy TwitterHe also asked Morgan Stanley to help him raise another $10 billion in debtMusk is planning to launch a tender offer in 10 daysHe may even borrow against his current Twitter stake if neededMusk is Twitter’s second-biggest shareholder with a 9.1% stakeEarlier this month, he had offered to buy Twitter for $43 billionHowever, the social media platform adopted a “poison pill” defenseMeanwhile, some private equity firms have shown interest in the bidThis happened after tech-focused PE firm Thoma Bravo approached TwitterThoma Bravo offered a buyout that would…
Indian crypto exchange CoinDCX has raised $135 million in its Series D funding round It has a valuation of over $2 billion The round was led by Pantera and Steadview It saw participation from prominent investors like Kingsway, DraperDragon, Republic, and Kindred It has launched several educational initiatives and campaigns through its DCX Learn platform The company also aims to triple its staff to over 1,000 employees by the end of 2022
The Tata Group recently launched TATA NEU, a super app. This has triggered a conversation about super apps. What is a super app? How does it stand out from the rest of the apps? A super app by a company is a one-stop destination for a set of services or specialized apps catering all customer needs, including social media, travel, cab service, movie tickets, utility payments, insurance, food, fashion, health and wellness. These offers are often associated with a common account and a powerful in-app payment system. An ordinary app, in general, focuses on one of the services. For example,…
Mercedes Benz has unveiled its long-range Electric Vehicle (EV) “Vision EQXX”The concept car travelled over 1,000 km on a fully-charged batteryThe travel from Germany to the South of France faced different climatic conditionsAround 15 per cent of the battery was still available upon its arrival in FranceThe average consumption throughout the trip was only 8.7 kWh/100 kmIt is the longest distance covered by an EV to dateAt the same time, it is a threat to Elon Musk’s Tesla which tries to capture the EV marketMercedes plans to go fully electric by 2030
Adani Green sets a new record in Market Capitalisation (mcap)The company became the seventh most valued firm on Dalal StreetAdani Green is the first Adani Group company to enter the top market capitalised companies listIt is also a non-Sensex company to get into the listIt has overtaken the largest lender State Bank of India (SBI)The State Bank of India with the mcap of Rs 4,54,619.71 cr stands at the eighth positionThe Adani Green shares hit a historic high at Rs 3013.20 apieceWith this, the shares became a multi-bagger with gains of more than 185% in a yearRIL with a mcap…
Japanese auto major Honda Cars unveiled its new offering the City e:HEV sedan By this Honda marked its foray into the mainstream strong hybrid electric vehicle segment in the country The company has commenced the bookings of the model and plans to introduce it in the market next month The City e:HEV would feature a self-charging two-motor strong hybrid system connected to a 1.5 litre petrol engine It will have a peak power of 126 PS and fuel efficiency of 26.5 km per litre The company’s new sedan comes with advanced hybrid driving technology, connectivity and safety features
Maruti Suzuki will launch multiple electric vehicles models in India The company plans to launch its first EV model in 2025 It also plans to produce EVs from its factories in future with the demand for EVs The first EV will be rolled out from Suzuki Motor Gujarat’s plant Company’s new Managing Director and CEO Hisashi Takeuchi said “Multiple EV models would follow in due course once the company launches its first EV in 2025” He said EV is still very expensive and with the current technology it is quite difficult to make a very affordable EV
Twitter Inc. has brought on a second investment bank, JPMorgan Chase & Co. The move is to help Twitter respond to Elon Musk’s hostile bid The largest U.S. bank started work recently to assist Twitter in talks with potential buyers Representatives for Twitter and JPMorgan declined to comment In bringing on JPMorgan, Twitter is working with a bank that hasn’t been afraid to wrangle with Musk JPMorgan and Musk’s electric vehicle company Tesla Inc. have been embroiled in lawsuits
Lack of work culture and flexibility makes working women in India miserable. In a recent report, social media company LinkedIn found that employers’ attitudes towards flexible timings and career breaks discourage women from re-employing for a more flexible workforce. Flexibility has become a buzzword as employees have moved to the boundaries of their homes during the COVID19 pandemic. Most companies are switching to full telecommuting mode. So you might think that this changed the company’s outlook in terms of work flexibility. But the report says the opposite. 83% of women want more flexible working hours, 70% have quit or are…
Established by Saurabh Gupta, Anirban Majumdar, and Manav Gupta, the Bengaluru-based startup ‘UrbanPiper’ is a full-stack restaurant management platform that helps restaurants operate and scale their business. The platform allows restaurants to integrate all food aggregator dashboards onto a single dashboard and connect it with their points of sale. Recently, the platform raised $24 million in Series B funding led by Sequoia Capital India and Tiger Global. The round also had participation from food tech giants Swiggy and Zomato. Other prominent angel investors who participated in the funding round are Pankaj Chaddah (Shyft), Ankit Nagori (Curefoods), Saahil Goel and Vishesh Khurana (Shiprocket), Khadim…