In a statement the CEO of Uber Technologies Inc said, the company is looking to sell stakes its non-strategic stake in companies including in Beijing-based Didi Global Inc saying the lack of transparency makes the Chinese market tough. In 2016, the US… Read More ›
Shares of Nykaa, India’s cosmetics-to-fashion platform, made a blockbuster debut valuing the company at close to $13 billion. With the news reaching the market, shares of FSN E-Commerce Ventures, the profit-making parent company that owns the Nykaa brand, soared by… Read More ›
In a development that marks the risks of doing business in China, where Chinese rulers through courts hold absolute power, Chinese regulators have imposed a sweeping restructuring on Jack Ma’s Ant Group, in a move aimed at curbing its valuation… Read More ›
According to a report from Bloomberg News, U.S. buyout group Carlyle Group Inc is closing in on a deal to acquire Siemens AG’s mechanical drive arm Flender for around $2.37 billion (2 billion euros). A deal could potentially be announced later this… Read More ›
According to sources familiar with the matter at hand, Tesla Inc is negotiating a nickel supply deal with the BHP Group as part of a broader effort to ramp up production and meet higher production targets in an effort to… Read More ›
On Thursday, South Korea’s LG Chem said, it plans on making its battery business as a separate business entity. The company supplies electric car batteries to Tesla Inc and General Motors. By separating its battery making business, which will be… Read More ›
According to a report by the Wall Street Journal, activist investor Carl Icahn has increased his stake in Occidental Petroleum Corp to nearly 10% as he scales up his fight to take control over the oil producer. As of the… Read More ›
Chinese authorities have locked down two entire cities as they struggle to contain the outbreak of the new coronavirus which has so far reportedly killed 17 people and has infected more than 600 people, even as countries across the world… Read More ›
The move is strategic in the sense, WeWork aims to boost its funding levels before it asks for funds from investors through its IPO. According to a source familiar with the matter at hand, in a move aimed at fueling… Read More ›
This is what Christian Sewing’s Deutsche Bank’s CEO told shareholders at the bank’s annual general meeting. On Thursday, Deutsche Bank’s chief executive Christian Sewing informed shareholders that he was ready to make “tough cutbacks” on its investment banking business…. Read More ›
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