Six Indian companies including EtechAces Marketing and Consulting, the parent company of both PolicyBazaar and PaisaBazzar, and Paytm, are reportedly looking to list their companies on foreign exchanges and are waiting for detailed guidelines from the corporate ministry and revenue department.
Sources knowledgeable with the matter cited that the companies are waiting for the Union Budget 2021-22 that is scheduled to be presented in the Parliament by Finance Minister Nirmala Sitharaman in the first week of February. Although the legal requirements regarding a global listing a
Kuaishou will price its 365.2 million shares at around USD 14.83 apiece
A successful IPO will allow the company to reach a valuation of approximately USD 60 billion
Chinese video-sharing mobile platform Kuaishou Technology reportedly intends to raise around USD 5.42 billion through an IPO (initial public offering). According to reliable sources, Kuaishou’s IPO is likely to be the largest in Hong Kong for over a year.
For those unfamiliar, Kuaishou
The Pfizer vaccine, which has met stringent standards for safety, quality and efficacy, has reportedly received approval for distribution in Australia for residents aged 16 years and more, according to a statement released by the prime minister’s office on Monday.
As per the sources of knowledge, the first phase of vaccinations is expected to start in late February with first 1.4 million doses of Pfizer and other vaccines to be provided to priority group including frontline health workers, quarantine and border workers, aged care and disability staff, and residents.
A recent study has reportedly found that a drug used for the treatment of gout might cut the risk of coronavirus infected patients needing hospital treatment.
According to the study, which enrolled over 4,000 subjects, a daily dosage of the anti-inflammatory treatment colchicine has shown to decrease the risk of COVID-19 patients with long-term illness being admitted to hospital by nearly 25%.
The Canadian scientists behind the said study stated that the results were 'clinically convincing and must change clinical practice’.
The Bengaluru-based game live-streaming startup Turnip has reportedly raised USD 1.63 million in seed funding which was led by Elevation Capital and involved participation from Better Capital.
Sources familiar with the matter stated that the company intends to utilize these funds to expand its reach to more gaming communities and to recruit talent.
Turnip, established in 2002 by Aditya Sharma and Pooja Dubey, enables content creators to stream on platforms such as Twitch, Facebook, and YouTube, and interact with their communities. Like ot
India-based tech distribution company Ripplr has reportedly secured around USD 3 billion through a Series A funding round which was led by equity financing provider Zephyr Peacock India. Other investors that participated in the funding round were Yukti Securities as well as from existing investors such as 3One4 Capital.
For those unaware, Ripplr specializes in offering and tracking finance options, business metrics, operational support, and analytics to large consumer brands. The company’s ambition is to be an organized technology player for logistics and distribution
BHP, the largest miner in the world, has reportedly slashed the overall value of the company’s Australia-based Mt. Arthur thermal coal mine by approximately $1.25 billion. According to reports, the company is supposedly looking to divest in this asset and reorient its focus towards other commodities.
The firm, headquartered in Melbourne, Australia had decided last year that it would either spin off or sell the open pit Mt. Arthur mine, situated in New South Wales’ Hunter Valley region, along with its stake within the immense Colombia-based Cerrejón coal mi
The annual inflation rate in UK reportedly went up 0.6% in December of 2020 from the 0.3% it was the November of 2020 as shoppers came back to high street across a majority of the UK following the end of the country’s second lockdown.
According to the Office for National Statistics, a rise in transport costs as well as an increase in prices of computer game consoles in the run up to Christmas, was only offset partially by lower takeaway food prices as well as affordable household equipment and furniture prices.
With the country&rsqu
Qualcomm has reportedly launched the new Snapdragon 870 mobile phone processor as a successor to its previous Snapdragon 865 and 865 Plus models. However, the 870 is not a new next generation design, that title would go to Qualcomm’s Snapdragon 888, which adds far more new features and considerable improvements in performance.
According to Qualcomm, the new chip has been rolled out in response to demands from manufacturers as well as the market. The company has apparently designed its Snapdragon 870 for organizations that are interested in providing a top-tier processo
