Japan’s Chubu Electric Power Co Inc said on Tuesday it will spend up to 5 billion yen ($39 million) to buy a 20% stake in India’s rural renewable energy service company, OMC Power Private Ltd, through a third-party allotment of shares. OMC operates about 280 renewable energy plants to provide electricity for telecom companies, small and medium businesses and rural houses via mini-grids, using storage batteries, in the states of… Continue reading Japan’s Chubu Elec to buy 20% stake in India’s OMC Power for $39m
Category: Tech News
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HK’s Gaw Capital Partners acquires residential assets in Japan
Hong Kong-headquartered real estate private equity firm Gaw Capital Partners has acquired Japanese residential assets in prime locations in Tokyo and other major cities in Japan for an undisclosed amount. The acquisition was made through Gaw’s separately managed account held by Qatar Investment Authority (QIA), according to an announcement. The transaction covers 21 assets in… Continue reading HK’s Gaw Capital Partners acquires residential assets in Japan
Exploited gig workers need industry reform claims new Flinders University study
Gig workers are exploited through promises of a flexible algorithm according to a new study published by Flinders University, contending that an out-of-court settled case involving an Uber Eats driver epitomised the problems still facing Australia’s digital platform economy. An absence of definitions over employment in gig economy work and the vulnerabilities of temporary migrants and… Continue reading Exploited gig workers need industry reform claims new Flinders University study
Tesla is considering adopting Apple’s Airplay to improve audio quality
Elon Musk said that Tesla is going to consider adopting Apple’s Airplay protocol to improve audio quality over the current Bluetooth. In recent years, Tesla has put an emphasis on the sound system inside its vehicles. The sound system in the Model 3 has been well-received by audiophiles, and the one in the new version… Continue reading Tesla is considering adopting Apple’s Airplay to improve audio quality
Trucking simulator shelves Russia-themed expansion after Ukraine invasion
Euro Truck Simulator 2 has shelved an upcoming Russia-themed expansion pack after the country’s invasion of Ukraine, its developer SCS Software has announced. In a blog post, the Czech Republic-based developer said that it has cancelled the imminent release of the Heart of Russia DLC pack “so that it is not perceived in any way… Continue reading Trucking simulator shelves Russia-themed expansion after Ukraine invasion
Valor Equity leads $20m funding in Synaptic and India deals worth $450m …
India, Gurugram-based Synaptic, an alternative data insights startup, on Tuesday announced that it has raised $20 million in its Series B funding round led by Valor Equity Partners. With the funding, Synaptic will continue to invest in product innovations, double down on its data science capabilities, partnerships with data vendors and expand its go-to-market teams… Continue reading Valor Equity leads $20m funding in Synaptic and India deals worth $450m …
Indian Shark Tank judge’s cosmetic brand SUGAR valued at $500m after raising fresh funding
Omnichannel beauty company SUGAR Cosmetics said it closed its $50 million Series D fundraise led by the Asia fund of consumer-focussed private equity firm L Catterton, at a time when Indian consumers are spending more on beauty and personal care products. SUGAR, which is popular amongst Gen Z and Millennial consumers who are increasingly making… Continue reading Indian Shark Tank judge’s cosmetic brand SUGAR valued at $500m after raising fresh funding
Navis Capital Partner backs Australian software consolidator Software Combined
Malaysia-headquartered private equity firm Navis Capital Partners has invested in Australian vertical market software consolidator Software Combined for an undisclosed amount, according to an announcement. Software Combined sources and acquires niche and B2B industry-specific software companies in Australia and New Zealand, providing the business owners with access to capital or liquidity options. The company scans… Continue reading Navis Capital Partner backs Australian software consolidator Software Combined
Asian insurer FWD delays $1b Hong Kong IPO amid volatile market
Asian insurer FWD Group has delayed its $1 billion Hong Kong initial public offering (IPO) because of volatile financial markets, according to three sources with direct knowledge of the matter. FWD declined to comment. The sources could not be named as the information was not yet made public. FWD has a business presence in 10… Continue reading Asian insurer FWD delays $1b Hong Kong IPO amid volatile market
From baristas to inspectors, Singapore’s robot workforce plugs labour gaps
After struggling to find staff during the pandemic, businesses in Singapore have increasingly turned to deploy robots to help carry out a range of tasks, from surveying construction sites to scanning library bookshelves. The city-state relies on foreign workers, but their number fell by 235,700 between December 2019 and September 2021, according to the manpower… Continue reading From baristas to inspectors, Singapore’s robot workforce plugs labour gaps