Indian IVF chain Oasis Fertility on Thursday said it has received an investment of $50 million from private equity firm Kedaara Capital for a significant minority stake in the company. The transaction also provides an exit to InvAscent, which invested in the company in 2016. Founded in 2009 by Durga Rao and Kiran Gadela, Oasis… Continue reading India’s Kedaara Capital invests $50m in Oasis Fertility for a minority stakeThe transaction also provides an exit to InvAscent, which invested in the …
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China’s Baidu launches its first quantum computer called Qianshi
Chinese search engine giant Baidu Inc revealed its first quantum computer on Thursday and is ready to make it available to external users, joining the global race to apply the technology to practical uses. The Baidu-developed quantum computer, dubbed “Qianshi“, has a 10-quantum-bit (qubit) processor, Baidu said in a statement. The Beijing-based company has also developed a 36-qubit quantum chip, it said. Governments and companies around the world for… Continue reading China’s Baidu launches its first quantum computer called Qianshi
Australia’s Ramsay Health receives ‘inferior’ alternate offer from KKR-led group
Australia’s Ramsay Health Care Ltd said on Thursday it received a “meaningfully inferior” alternate proposal from a group led by KKR & Co that would allow it to retain a 37% stake in its Paris-based unit Ramsay Generale De Sante. Ramsay currently owns over 52% shares in the Paris-based Ramsay Generale De Sante (Ramsay Sante). If accepted, the alternate offer would give the consortium a 15% stake in the hospital operator, while Ramsay shareholders would retain the balance.… Continue reading Australia’s Ramsay Health receives ‘inferior’ alternate offer from KKR-led group
Grab narrows net loss to $572m, posts 79% revenue growth in Q2
Southeast Asian super app Grab on Thursday reported a net loss of $572 million for the second quarter ending June 30, 2022, a 29% improvement over $801 million recorded in the same period last year, on the back of strong deliveries growth. Grab also disclosed that its revenue during the quarter reached an all-time high… Continue reading Grab narrows net loss to $572m, posts 79% revenue growth in Q2
The new DJI Avata let me swoop and soar like no beginner drone I’ve used before
The DJI Avata is something special. I knew it the very first time I flew. I pressed three power buttons, placed a drone on a table, pulled goggles over my eyes, and grabbed the pistol-shaped wand. A double-tap and a long-press of a cherry red button got the bird into the air. And then, with… Continue reading The new DJI Avata let me swoop and soar like no beginner drone I’ve used before
SpaceX and T-Mobile to reveal plan to boost US connectivity
Image: Sundry Photography/Shutterstock SpaceX and US mobile carrier T-Mobile have teased an announcement, to be shared today, that they claim will “increase connectivity”. The two companies, along with SpaceX CEO Elon Musk, announced the surprise event via their respective Twitter accounts. It will be held at 7:00pm CT today at SpaceX’s Starbase spaceport in Texas… Continue reading SpaceX and T-Mobile to reveal plan to boost US connectivity
Tesla’s former energy head launches startup to compete against Powerwall with key partners
Tesla’s former head of energy products has launched a new startup to compete against Powerwall with a new home battery pack, and it managed to secure significant funding from key partners. Kunal Girotra, a chemical engineer, spent five years at Tesla. During his tenure, he led energy products, including Powerwall, solar panels, and solar roofs… Continue reading Tesla’s former energy head launches startup to compete against Powerwall with key partners
Tesla (TSLA) stock splits, gets new target at $360 a share
Tesla’s (TSLA) stock has now officially split 3-for-1 after closing at $891 per share yesterday, which means it should start trading at around $297 per share this morning. But now it already got its first price target update post-split at $360 a share. Tesla’s stock is an important indicator of the move to electrification since… Continue reading Tesla (TSLA) stock splits, gets new target at $360 a share
Hygood raises $44m and 22 more deal updates from Greater China worth $214mIt has secured a strategic investment from investors including Haiwang Capit…
Chinese new material company Wuxi Hygood New Technology has raised over 300 million yuan ($43.8 million) in a strategic investment from investors, including Haiwang Capital, a domestic investment platform that manages over 10 billion yuan ($1.5 billion). Hygood, founded in November 2008, focuses on the R&D, manufacturing, marketing and sales of aluminium nitride (AIN) –… Continue reading Hygood raises $44m and 22 more deal updates from Greater China worth $214mIt has secured a strategic investment from investors including Haiwang Capit…
Australian BNPL firm Zip’s annual loss widens as inflation chokes
Australian buy-now-pay-later (BNPL) firm Zip Co Ltd posted a wider annual loss on Thursday, signalling lacklustre outlook for fintech firms in the wake of soaring inflation. BNPL operators, particularly, have seen their valuations collapse in recent times as reduced customer spending and rising interest rates have squeezed their margins and pushed the firms’ funding costs higher. Shares… Continue reading Australian BNPL firm Zip’s annual loss widens as inflation chokes