Flag carrier Garuda Indonesia has requested a court in New York to recognise its recent debt restructuring deal done at a Jakarta court, under Chapter 15 of the US Bankruptcy Code, its chief executive, Irfan Setiaputra, told Reuters. Garuda and its creditors agreed to halve its debt to around $5 billion in a deal overseen by a bankruptcy… Continue reading Garuda Indonesia files for Chapter 15 bankruptcy in US: CEO
Category: Automotive
HR-tech startup Sprout Solutions buys PH automation platform Linnia
Sprout Solutions, an HR-tech startup based in the Philippines, announced that it has acquired AI and process automation platform Linnia for an undisclosed amount. Linnia, which is the flagship platform of Aiah (Innovantage), provides a robotic process automation platform that automates repetitive tasks in desktop applications and digitises transactions in the procure-to-pay process. It also… Continue reading HR-tech startup Sprout Solutions buys PH automation platform Linnia
German Handelsblatt: Electromobility: VW and Umicore are investing three billion euros in a battery alliance005300
Electric car production at VW in Emden In December, the Wolfsburg-based company announced a technology alliance with Umicore for the large-scale production of batteries. (Photo: dpa) Volkswagen and the Belgian materials technology and recycling group Umicore are jointly investing three billion euros in the development of production capacities for battery materials. For this purpose, the… Continue reading German Handelsblatt: Electromobility: VW and Umicore are investing three billion euros in a battery alliance005300
Grab: No layoffs despite current market conditions
The Southeast Asian ride-hailing company will also be slowing down its financial service push, its COO Alex Hungate told Reuters. Go to Source
Racket Sports Equipment Market Size to Grow by USD 469.78 million, Increase in Number of Racket Sports Courts Worldwide to Boost Growth – Technavio
NEW YORK, Sept. 26, 2022 /PRNewswire/ — The racket sports equipment market size is expected to grow by USD 469.78 million from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 2.78% during the forecast period, according to Technavio. The increase in the number of racket sports… Continue reading Racket Sports Equipment Market Size to Grow by USD 469.78 million, Increase in Number of Racket Sports Courts Worldwide to Boost Growth – Technavio
Can India economy stay steady amid global turmoil? These 8 charts sum it up
Central banks rushed monetary measures to stem capital flows and combat inflation that no longer looks temporary. Markets are in turmoil after the US Federal Reserve raised rates, singeing equity markets amid signs the global economy is stumbling. The dollar’s surge, stoked by rising bond yields, saw currencies plummet — the pound is at its… Continue reading Can India economy stay steady amid global turmoil? These 8 charts sum it up
PWD picks 20 roads for EV charging points
Delhi government feels that kerbside charging is an emerging concept globally and can make use of street lamp posts or dedicated charging points. NEW DELHI : After the state government directed the installation of kerbside electric-vehicle charging points, the Public Works Department has been identifying roads on which such points can be put up and… Continue reading PWD picks 20 roads for EV charging points
Pune, twin cities top in electric vehicle registrations
Fewer e-charging stations has prompted EV owners and manufacturers to stress on government action to increase their numbers. PUNE: Pune and Pimpri Chinchwad feature among the top 10 cities with the highest number of electric vehicle (EV) registrations in the country. According to the data from the National Informatics Centre, Pune stands third among 10… Continue reading Pune, twin cities top in electric vehicle registrations
German Handelsblatt: IPO: Porsche shares for small investors: What private investors should consider005298
Porsche 718 Spyder The sports car manufacturer Porsche wants to take off on the stock exchange. (Photo: Bloomberg) The market is preparing for new shares: The sports car manufacturer Porsche is planning an IPO for the end of September. He expects a valuation of 70 to 75 billion euros. The company officially announced its intention… Continue reading German Handelsblatt: IPO: Porsche shares for small investors: What private investors should consider005298
@VW Group: PowerCo and Umicore establish joint venture for European battery materials production005836
PowerCo, the new battery company of the Volkswagen Group, and Umicore, the Belgian circular materials technology group, announced today the founding of a joint venture for precursor and cathode material production in Europe. From 2025 onwards, the joint venture will supply PowerCo’s European battery cell factories with key materials. By the end of the decade,… Continue reading @VW Group: PowerCo and Umicore establish joint venture for European battery materials production005836