On Monday, in a statement India’s latest fintech unicorn Slice said, it had raised $220 million in a Series B funding round led by investment giant Tiger Global and private equity firm Insight Partners which valued the startup at more… Read More ›
Month: November 2021
Clearlake Capital acquires Quest Software Inc from Francisco Partners in $5.4 billion deal
According to sources familiar with the matter at hand, private equity firm Clearlake Capital has struck a deal to acquire Quest Software Inc from Francisco Partners, valuing the deal at $5.4 billion including debt. The deal is likely to be… Read More ›
Virtual Currency Exchange Coinstore begins operations in India
Singapore-based virtual currency exchange Coinstore has started operations in India despite the Indian government preparing legislation to effectively bar most private cryptocurrencies. In a statement Coinstore said, it has “launched its web and app platform and plans branches in Bangalore,… Read More ›
US tech giants should bear partial cost of developing EU telecom networks: European telcos
On Monday, the CEO of Deutsche Telekom, Vodafone, and 11 other major European telecoms companies said, U.S. tech giants should bear some of the costs of developing telecom networks in Europe based on the fact that they use them so heavily. The… Read More ›
Black Friday sales touches $8.9 billion
This year, U.S. shoppers spent slightly less on Black Friday sales, with many shoppers visiting physical stores despite coronavirus fears, midst retailers’ efforts to encourage pre-holiday shopping. For the very first time, online spending during Black Friday, which traditionally is one… Read More ›
Global chip shortage likely to continue into 2022: Daimler’s Truck Chief Martin Daum
In a statement Daimler’s Truck Chief Martin Daum said, he expects the global chip shortage to negatively impact Daimler’s revenues by several billion euros in 2021 and sees the issue continuing into 2022. Daimler, the world’s largest commercial vehicle maker… Read More ›
Netherland’s Children Are The Happiest In The World, Finds A New Study
Kids in the Netherlands are among the most joyful around according to research there are several reasons for as to why this happens. A UNICEF report released in the year 2000 found that children from the Netherlands were the most… Read More ›
Adobe Predicts Online Sale For Holiday Season To Be Over $200 Billion
The online spending of the season of Christmas is expected to surpass 200 billion, for the very first time ever, as per information from Adobe Analytics, which tracks the sales of consumers on websites of retailers. However, sales on Thanksgiving… Read More ›
India Asks Citizens Not To Use Musk-Backed Starlink Until Licence Is Granted
The Indian government has advised citizens not to sign up for Starlink Internet Services, a part of billionaire Elon Musk’s SpaceX aerospace firm, since it doesn’t have a licence to operate within the nation. A statement from the government issued… Read More ›
Spread Of The New Coronavirus Variant Omicron Continues As Australia Finds Cases
The latest Omicron coronavirus strain continued to spread throughout the globe on Sunday with two cases reported in Australia and a further two cases in the United States, as more countries attempted to block themselves off with travel restrictions. Health… Read More ›
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