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Category: Automotive
Indian digital banking infra platform Signzy raises $26m round led by Gaja Capital
India-based digital banking infrastructure enabler Signzy has raised Rs 210 crore ($26 million) from Gaja Capital and its existing investors, Vertex Ventures and Arkam Ventures, in its latest funding round, according to an announcement. With the fresh funding, the fintech SaaS company will enhance its ‘No-code Workflow Digitalization’ platform and solutions, as it targets greater… Continue reading Indian digital banking infra platform Signzy raises $26m round led by Gaja Capital
Brokerage CLSA vice-chairman Charles Lin steps down
CLSA, the international unit of China’s largest broker China’s Citic Securities Co, said on Monday its vice-chairman Charles Lin has stepped down from his role. Charles Lin, who was hired in April 2020 to the top role at CLSA, resigned from the Hong Kong-headquartered investment bank earlier this month, but will serve as the vice chairman… Continue reading Brokerage CLSA vice-chairman Charles Lin steps down
Garuda Indonesia files for Chapter 15 bankruptcy in US: CEO
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
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