ReNew Power Ventures Pvt. Ltd, a leading pure-play renewable energy company, backed by Goldman Sachs, moved one step closer to a US listing by reportedly announcing a new merger agreement with a US-based, Nasdaq-listed SPAC, RMG Acquisition Corp. II.
In an official statement put out by the two firms, the big deal assigns an enterprise value of around $8 billion on ReNew Power and is likely to close in the Q2 of this year.
SPACs are basically publicly traded shell corporations that amalgamate with unlisted firms to take them public, skippi
Chinese technology major, Huawei, has reportedly opened a regional center in Singapore, named DigiX Lab, that allows developers to test apps and services for its mobile devices.
Launched with an investment of USD 40 million (S$52.8 million), this lab is reportedly Huawei’s first center in Asia Pacific dedicated towards providing online and offline consultation for developers, along with hands-on support for the development of apps using artificial intelligence, augmented, and virtual reality, and software for porting apps to the company’s devices, and other techn
Dell Technologies, the renowned multinational technology company, has reportedly announced the launch of a US$50 million (S$66 million) R&D center in Singapore. The new facility would drive innovation in computing close to the place the data is situated.
Referred to as edge computing, this evolving technology would benefit from the launch of 5G mobile networks right here, according to Dell.
Such type of technology can involve computer systems or devices such as sensors analyzing data they gather before uploading selected information o
In a recent development, American Airlines Inc and JetBlue Airways have introduced new flight routes, as a part of their strategic alliance formed last year. Reportedly, the two airlines will establish 33 new domestic routes and will codeshare on 50 routes from Boston and New York’s John F Kennedy International airport.
It is to be noted that, last year, the two companies initiated a customer-focused strategic collaboration following approval by the US DOT (Department of Transport). This partnership, named Northeast alliance, is aimed at offering seamless connectivity
Renowned American automobile manufacturer, The Ford Motor Company, has reportedly announced that it plans to transform the entirety of its passenger vehicle range for Europe to all-electric by the end of this decade.
The automotive giant also stated that its commercial vehicle models would be 100% zero emissions capable, plug-in hybrid, or all-electric by 2024. The aforementioned move comes after the company reported a profit return in Europe during the fourth financial quarter of 2020.
According to reports, Ford claims that it would be i
Controversial social media network, Parler, which has been in news recently, has reportedly made its way on to the internet after it was taken down on account of its alleged involvement in the insurrection at the U.S. Capitol. Apparently, its return has been acclaimed by several right-wing voices and lawmakers as well.
Speaking on its comeback, the company has stated that the launch aims to bring it back on the internet for its existing users only during the first week. Meanwhile, new users would be able to sign up to the network from its second week of being online.
UK Minister of State for Energy and Clean Growth, Anne-Marie Trevelyan, has reportedly announced that Leeds and London are set to be UK’s new international hubs for carrying out global green finance and investment operations, supported by an investment of £10 million by the government.
According to the sources of knowledge, this global center will commence the operations in April 2021, with physical hubs based in Leeds and London expected to open in next few months. The center will be led in partnership with various UK institutions such as University of Oxford, I
Europe’s aviation sector has recently revealed its sustainability initiative aimed at eliminating its net carbon dioxide emissions by the year 2050. This proposed commitment is dependent on policy support from the European Union (EU) for scaling breakthrough aviation technologies as well as sustainable fuels.
According to reliable sources, the target is planned to be met by implementation of various technologies including hydrogen and hybrid-electric propulsion along with the utilization of SAF (sustainable aviation fuels). Moreover, improved air traffic management and
The National Aeronautics and Space Administration has reportedly selected SpaceX Falcon Heavy for the launch of two major components of the Gateway lunar orbiter, a mission that is set to be undertaken in 2024. These pieces reportedly comprise the HALO (Habitation and Logistics Outpost) and the PPE (Power and Propulsion Element), which will collaboratively create the first operational lunar space station.
According to sources, NASA’s selection of Falcon Heavy is a huge endorsement. Subsequently, it might end up bringing more work to SpaceX in the future, provided there
