The US has ordered 24 Russian diplomats to leave the country by September 3 as their visas expire. The US has ordered 24 Russian diplomats to leave the country due to expired visas. Russian Ambassador Anatoly Antonov told that the order was given to these Russian diplomats due to the ...
Read More »Swiggy added $1.25 billion in funding round led by SoftBank, Prosus
Swiggy, an Indian food ordering, and delivery platform added USD 1.25 billion in its worth in a funding round led by Softbank and Prosus. Softbank shared information in a release; this is the first investment by Softbank in the Indian food delivery industry. Existing investors Accel Partners and Wellington Management ...
Read More »FedEx to invest USD 100 million in Delhivery
FedEx Express, a subsidiary of top global delivery services giant FedEx Corporation, will invest $100 million in e-commerce logistics platform Delhivery. FedEx Express India and Delhivery have entered into equity and commercial agreements under which the two companies will jointly use their strengths to enhance India’s international business potential. In a statement ...
Read More »Neeraj Arora, Former WhatsApp business head, may join Paytm board
Ahead of Paytm’s $3 billion initial public offerings (IPO), formerly global business head of WhatsApp Neeraj Arora may re-join Paytm’s board of directors. Sources have given information. Arora was on the board of directors of Paytm from 2015 to 2018. Arora left Paytm’s board of directors in February 2018. This ...
Read More »Serum plans to double its production by 2022
Serum Institute of India (SII), the world’s largest vaccine maker, may double the production of AstraZeneca-Oxford’s vaccine Covishield. Sources with knowledge of the matter said that the company is working on a plan to increase the production of this vaccine from 100 million doses per month to 200 million doses next ...
Read More »Kate Middleton went to home quarantine after coming in contact with Corona infected
The palace says that 39-year-old Kate has no symptoms of infection. Kate and William have already got their first dose of the COVID vaccine in May. Britain’s palace has said that the Duchess of Cambridge Kate Middleton is in home isolation after coming into contact with a person infected with ...
Read More »Airtel Africa sells towers in Tanzania
Airtel Africa on Wednesday said it has sold its tower portfolio (which is part of Airtel Tanzania) for $175 million, or Rs 1,279.6 crore. The deal marks the strategic disinvestment of the group’s tower portfolio as it continues to focus on a lighter asset model. Airtel Africa provides telecommunications and mobile ...
Read More »White House Trims Infrastructure Plan to $ 1.7 Trillion
United States – The White House shared information on Friday that It had lowered its infrastructure bill from $ 2.25 trillion to $ 1.7 trillion, along with cuts in broadband and investment in roads and bridges, but Republicans rejected the change as inadequate for a deal. The White House effort ...
Read More »Bank of America agree with $ 75 Mn Agreement Due to Excessive Fees
Bank of America Corp agreed to pay $ 75 million to settle a lawsuit accusing the second-largest US bank of extorting overdraft fees it did not earn from customers with savings and checking accounts, court papers showed. The initial settlement of the proposed class action was filed with the federal ...
Read More »Fisker deals with Foxconn to build Electric Vehicles in U.S.
Fisker Inc, an electric car maker in U.S. has signed a deal with Foxconn to its vehicle assemblies in U.S. plant from 2023, companies said on Thursday. Fisker’s chief executive Henrik Fisker said the four locations are considered to set the plant which includes Foxconn’s plant located in Wisconsin. Foxconn ...
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