Zomato Lost Nearly $1 Billion in Value After Blinkit Deal
Shares of the online delivery firm Zomato went down by more than 7.5% hitting $0.74 (₹58.20) per share on Bombay Stock Exchange...
A Frail Yen Will Fuel Up Foreign Purchases
Toshiba may slip down in the history for the second time. The foreign buyout groups are ready to offer $22 billion (¥3...
Saudi Arabia Eyes to Triple the Number Of Tourists In 2022
Saudi Arabia is undoubtedly witnessing a huge renaissance as it seeks to diversify its economy. According to the document Vision 2030, The...
Cornerstone Acquires SumTotal For $200 Million
HR Tech firm Cornerstone, backed by Clearlake Capital Group, acquired SumTotal for about $200 million. Clearlake has signed a definitive agreement with...
Forbes Backs Out From Going Public via SPAC
Forbes, the century-old business magazine backed out from going public via Special Purpose Acquisition Company (SPAC) deal. Shareholders of Forbes concluded the...
Mike Ashley’s Frasers Group Has Bought the Fashion Retailer Misguided
Mike Ashley’s Fraser Group has brought Fashion Retailer Misguided out of administration for $25.16 million. The competitors include Boohoo, Shein and JD...
Chip Maker Broadcom to Acquire Cloud Company VMware
Chipmaker Broadcom is planning to acquire cloud company VMware which, could become one of the largest tech acquisitions in the history. Broadcom...
Adani Family to Acquire Ambuja and ACC in $10.5 Billion Deal
Gautam Adani Group to acquire Switzerland-based Holcim Ltd's entire stake in two Indian cement companies, Ambuja Cements Ltd and ACC Ltd. Cement...
UAE Telecoms Group Acquires 9.8% Stake in Vodafone
The United Arab Emirates-based telecoms group e& bought a 9.8% stake in Vodafone for $4.4 billion. The announcement comes days after e&...
Martin Sorrell’s S4 Recommence Acquisitions with TheoremOne Deal
Martin Sorrell’s S4 Capital recommenced acquisitions with TheoremOne Deal. This is his first acquisition after Sir Martin Sorrell’s advertising start-up in March...
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Roe vs Wade Reversal May Impact Telemedicine in US
Roe v. Wade was reversed last week by the U.S. Supreme Court and it was a 5-4 decision. In response, people, both...
Central Bank Chiefs Want Action to Bring Price Growth Back to Moderate Levels
The central bank Chiefs around the world have warned that the era of low interest rates and moderate inflation has come to...
Zomato Lost Nearly $1 Billion in Value After Blinkit Deal
Shares of the online delivery firm Zomato went down by more than 7.5% hitting $0.74 (₹58.20) per share on Bombay Stock Exchange...
Blockbuster Deal For Pharma Major Boots Comes A Cropper
The Walgreens Boots Alliance (WBA) announced it has abandoned plans to sell UK Pharma major Boots. It further announced Boots and No7...
London Rail Strike Loss Estimated to be $36.85M Per Day
London witnessed massive disruption across its the rail networks as over 40,000 workers struck work for three days last week.The protests started...
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Egypt to Host the Islamic Development Bank Group’s Annual Meetings
Egypt will host the annual meetings 2022 of the Islamic Development Bank (IsDB) Group in Sharm El Sheikh resort from June 1...
Online Retailer Boohoo Acquires Debenhams
Online Fashion Retailer Boohoo has acquired Britain's Debenham's brand and website for £55 million, or $75.57 million. However, Boohoo will not acquire...
Tata Sons Successful in Bid to Fly Air India
Salt to steel conglomerate Tata Sons has won the bid to buy state-run airline Air India. The proposal for $2.4 billion gives...
Payments Provider Fiserv Buys Digital Marketing Platform BentoBox
On Monday, 18 October, leading global payments provider Fiserv, Inc. (NASDAQ: FISV) announced it has agreed to acquire digital marketing platform BentoBox....
CFPB Proposes Open Banking Regulations, Opens for Comments
The Consumer Financial Protection Bureau (CFPB) issued an advanced notice of proposed rulemaking. It was completed to regulate how banks and fintech...
