Indian ride-hailing firm Ola Electric plans to start producing electric cars in India in 2024 with a range of up to 500 km (310 miles), Chief Executive Bhavish Aggarwal said on Monday. Ola, which is backed by Japan’s Softbank Group and currently makes e-scooters, did not give an investment figure or production target. Aggarwal said that while… Continue reading Ola Electric plans to start producing electric cars in India by 2024The electric cars will have a range of up to 500 km, said chief executive Bhavish …
Category: Automotive
Vietnam Digest: NextTech invests $6.4m in Boxme; Society Pass acquires Indonesian traveltech firm NusaTrip
Vietnam-based e-commerce logistics startup Boxme has raised VND150 billion ($6.4 million) in a funding round from local technology firm NextTech Group and digital payment platform Ngan Luong. Separately, loyalty and e-commerce firm Society Pass has acquired NusaTrip, a Jakarta-based online travel agency in Indonesia and across Southeast Asia. NextTech invests $6.4m in Boxme Vietnam-based e-commerce… Continue reading Vietnam Digest: NextTech invests $6.4m in Boxme; Society Pass acquires Indonesian traveltech firm NusaTrip
Navis Capital Partners to exit B Medical Systems, strikes two new investments
Southeast Asian private equity firm Navis Capital Partners will be selling its entire stake in Luxembourg-based medical cold chain solutions provider B Medical Systems (B Med) to Nasdaq-listed life sciences firm Azenta Inc, Navis said in a statement. Azenta said in a separate announcement that it will pay 410 million euros (around $418 million at current… Continue reading Navis Capital Partners to exit B Medical Systems, strikes two new investments
Hong Kong audit regulator expands probe into Evergrande’s property services unit
Hong Kong‘s audit regulator said on Monday it has initiated an enquiry into the financial statements of China Evergrande Group’s property services unit and its former auditor after questions were raised following the developer’s probe into seized deposits worth $2 billion of the unit. The Financial Reporting Council (FRC) said in a statement it was investigating the 2020 and first half of 2021 financial… Continue reading Hong Kong audit regulator expands probe into Evergrande’s property services unit
Delisting of China’s state-owned firms from NYSE could pave way for audit deal with US, analysts say
The move to delist five Chinese state-owned enterprises (SOEs) from the New York Stock Exchange (NYSE) could pave the way for Beijing to strike an audit deal with the United States, ending a more than decade-old dispute, analysts and advisers said on Monday. The five SOEs, including oil major Sinopec and China Life Insurance, whose audits have been under scrutiny by the U.S. securities regulator, said on Friday they would… Continue reading Delisting of China’s state-owned firms from NYSE could pave way for audit deal with US, analysts say
Ginkgo Bioworks and XpresCheck Receive Award to Expand CDC’s Traveler-Based SARS-CoV-2 Genomic Surveillance Program In U.S. Airports
Public-private partnership to enable the development of innovative, sustainable infrastructure designed to set the global standard for travel biosecurity BOSTON and NEW YORK, Aug. 15, 2022 /PRNewswire/ — Ginkgo Bioworks (NYSE: DNA) and XpresSpa Group, Inc. (Nasdaq: XSPA) announced they will continue to support the Centers for Disease Control and Prevention’s (CDC’s) traveler-based SARS-CoV-2 genomic surveillance… Continue reading Ginkgo Bioworks and XpresCheck Receive Award to Expand CDC’s Traveler-Based SARS-CoV-2 Genomic Surveillance Program In U.S. Airports
MSM Group, Inc. Awarded NASA Enterprise Contract for Cloud Hosted SaaS Contract Management Software
CLEVELAND, Aug. 15, 2022 /PRNewswire/ — iSite® Contract Management Portal – MSM Group, Inc., a Service-Disabled, Veteran-Owned, Small Business leader in contract administration, financial management, and software engineering, today announced the award of a new enterprise contract to use the iSite Contract Management Portal (iSite CMP) across National Aeronautics and Space Administration (NASA) contracts, ranging… Continue reading MSM Group, Inc. Awarded NASA Enterprise Contract for Cloud Hosted SaaS Contract Management Software
Dronedek Partners with Facial Recognition Provider Scylla
INDIANAPOLIS, Aug. 15, 2022 /PRNewswire/ — Dronedek, known for its next generation “mailbox of the future,” a device that secures and temperature-protects traditionally or autonomously delivered food, mail and packages, today announced a strategic partnership with facial recognition provider Scylla. Continue Reading Retrieving delivery from a Dronedek Dan O’Toole, Dronedek “We took note of how… Continue reading Dronedek Partners with Facial Recognition Provider Scylla
Safe Storage Investors Announces Sale of Arnold Self Storage
HICKSVILLE, N.Y., Aug. 15, 2022 /PRNewswire/ — Safe Storage Investors announced the sale of Arnold Self Storage, a 373-unit, 42,055 square foot self-storage facility located at 3577 North Eastman Road, Midland, Michigan 48642. The sale was managed by Scott Rihm and Jesse Luke at EquiCap Commercial on behalf of the buyer and Frank DeSalvo and… Continue reading Safe Storage Investors Announces Sale of Arnold Self Storage
The 21st Annual Dungeness Crab & Seafood Festival is Back in Full
PORT ANGELES, Wash., Aug. 15, 2022 /PRNewswire/ — For the first time since 2019, one of the country’s most acclaimed seafood festivals is back in full, ready for another signature “Crabtastic event!” The Dungeness Crab & Seafood Festival celebrates not only the food, aquaculture, agriculture and maritime traditions of Washington State’s Olympic Peninsula, but Native… Continue reading The 21st Annual Dungeness Crab & Seafood Festival is Back in Full