Category: Tech News

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Several Middle East firms have postponed their IPO plans to 2024: BofA

Several Middle Eastern companies are planning initial public offerings (IPOs) in 2024 instead of this year, a senior Bank of America executive said, amid worries of a global recession. The global IPO market has been in the doldrums since the start of 2022 when Russia’s invasion of Ukraine and a spike in inflation dampened risk… Continue reading Several Middle East firms have postponed their IPO plans to 2024: BofA

PharmEasy in talks to raise funds from Manipal Group, others to repay loan: Report

Indian drug and medical services platform PharmEasy is in talks to raise Rs 2500 crore ($304 million) from Manipal Group and other existing investors, to repay its debt, MoneyControl reported on Wednesday. Manipal Group has expressed interest in investing about Rs 1000 crore for an 18% stake (post-money valuation) in the company, the report added.… Continue reading PharmEasy in talks to raise funds from Manipal Group, others to repay loan: Report

Indian jewellery brand Giva raises $33m led by PremjiInvest

Indiejewel Fashions, which operates the new-age Indian omnichannel jewellery company Giva, has raised Rs 270 crore (around $33 million) in its Series B round as it looks to expand in the country. The round was led by Premji Invest, and was participated by existing investors Aditya Birla Ventures, Alteria Capital and A91 Partners. Of the… Continue reading Indian jewellery brand Giva raises $33m led by PremjiInvest

BYJU’s promoters sold shares worth $408.53m since 2015: Report

Edtech firm BYJU’s promoters Byju Raveendran, Divya Gokulnath and Riju Ravindran, have together sold shares worth about $408.53 million in 40 secondary transactions since 2015, according to research and data platform PrivateCircle, cited by media reports. The beleaguered edtech firm has been caught in the crosshairs of multiple issues including board members resigning, Deloitte’s exit… Continue reading BYJU’s promoters sold shares worth $408.53m since 2015: Report

Singapore’s Tembusu Partners launches multifamily office with Swiss wealth manager

Singapore-based private equity firm Tembusu Partners has launched a multifamily office (MFO) in partnership with Reuss Private AG, a Zurich-based wealth management company under Reuss Private Group AG.  Dubbed as Tembusu Wealth Management, the firm said in a statement on Wednesday that the MFO has been in the works for several years. The family office unit… Continue reading Singapore’s Tembusu Partners launches multifamily office with Swiss wealth manager

Clean Technica: EVs take 59.2% In Sweden – Tesla Model Y Overall Bestseller002865

Sweden’s June auto market saw plugin EVs take 59.2% share, up from 55.1% year on year. Full electrics grew share at a decent rate, while plugin hybrids retreated slightly. Overall auto volume was 28,283 units, up some  9% YoY, though still below pre-2020 norms. The Tesla Model Y was June’s bestselling vehicle. EVs take 59.2%… Continue reading Clean Technica: EVs take 59.2% In Sweden – Tesla Model Y Overall Bestseller002865

July 3rd was the hottest day in recorded history

Average global temperatures climbed past 17-degrees Celsius on Monday. On Monday, meteorologists documented the hottest day in recorded history, according to US National Centers for Environmental Prediction (via Reuters). July 3rd, 2023 saw average global temperatures edge past 17-degrees Celsius (62.62 Fahrenheit) for the first time since satellite monitoring of global temperatures began in 1979.… Continue reading July 3rd was the hottest day in recorded history

Judge blocks federal officials from contacting tech companies

The order stems from a lawsuit alleging the Biden administration colluded with social media platforms. A judge has blocked the Biden administration and other federal officials from communicating with social media companies in a case that could have far-reaching implications. On Tuesday, a Trump-appointed judge granted the state attorneys general in Louisiana and Missouri a… Continue reading Judge blocks federal officials from contacting tech companies

The best 2-in-1 laptops for 2023

These are our favorite hybrid machines. The perfect hybrid machine that’s just as good a tablet as it is a traditional laptop still doesn’t exist. But throughout last year, companies like Microsoft, Apple and Google continued to improve their operating systems for machines that do double duty. Windows 11 has features that make it friendlier… Continue reading The best 2-in-1 laptops for 2023