The transaction, the second person said, could value Flipkart at as much as $30 billion, depending on the final set of investors. Prosus Ventures, the investment arm of South African conglomerate Naspers, and other existing investors could raise their stakes, the people said. The transaction will precede a proposed listing of the Indian e-commerce giant, slated to… Continue reading Three years after exit, SoftBank in talks to invest $700m in Flipkart at $28b valuation
Tag: Financial Results
ZIM Announces Pricing Of Secondary Offering
HAIFA, Israel, June 4, 2021 /PRNewswire/ — ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) (the “Company”), a global container liner shipping company with over 75 years of experience, announced today the pricing of a secondary offering of 6,975,000 ordinary shares at a price to the public of $40.00 per ordinary share, by certain selling shareholders of… Continue reading ZIM Announces Pricing Of Secondary Offering
ABB to electrify vehicle fleet, source 100% renewable electricity by 2030
ABB said it commits to electrifying its fleet of more than 10,000 vehicles by 2030. NEW DELHI: Engineering major ABB on Thursday said it has strengthened its commitment to reduce carbon emissions. On its way to reaching its ambitious science-based targets, the company commits to electrifying its vehicle fleet by 2030, sourcing 100 percent renewable… Continue reading ABB to electrify vehicle fleet, source 100% renewable electricity by 2030
Tesla disrupted by traditional mechanics
A Tesla electric vehicle (EV) drives past a crossing in Shanghai, China March 9, 2021. REUTERS/Aly Song/File Photo – RC2WIN94V64E Tesla (TSLA.O) is discovering that even new carmakers can suffer old problems. The electric-car maker’s China orders nearly halved in May from a month earlier, The Information reported on Thursday, after jitters over its quality… Continue reading Tesla disrupted by traditional mechanics
SoftBank Vision Fund may deploy over $4b in Indian tech bets this year
“In India, we’ve already invested more than $2 billion in 8-9 companies in the first five months of this year…a few deals are yet to be announced. And we will continue to invest if we find the right opportunities. We anticipate investing a similar size in the remainder of this year,” SoftBank Vision Fund CEO… Continue reading SoftBank Vision Fund may deploy over $4b in Indian tech bets this year
IGT Fuels U.S. Sports Betting Leadership with PlaySports Expansion in North Dakota
LONDON, June 3, 2021 /PRNewswire/ — International Game Technology PLC (“IGT”) (NYSE: IGT) announced today that the Company expanded its sports betting footprint in North Dakota with the recent IGT PlaySports agreement to power retail sports betting at the Dakota Magic Casino and Hotel in Hankinson, N.D. Dakota Magic Casino and Hotel is an entity of… Continue reading IGT Fuels U.S. Sports Betting Leadership with PlaySports Expansion in North Dakota
$ 2.9 Bn growth expected in Global Drayage Services Market during 2021-2025 | Evolving Opportunities with PLS Logistics and ITS ConGlobal | Technavio
NEW YORK, June 3, 2021 /PRNewswire/ — The global drayage services market is set to grow by USD 2.90 billion during 2021-2025, according to the latest market research report by Technavio. The market is expected to witness a 1.49% YOY growth in 2021 and register a CAGR of 2% during the forecast period. The drayage services market… Continue reading $ 2.9 Bn growth expected in Global Drayage Services Market during 2021-2025 | Evolving Opportunities with PLS Logistics and ITS ConGlobal | Technavio
$2 Billion Worldwide Aircraft Heat Exchanger Industry is Expected to Grow at a CAGR of 9.2% During 2021 to 2026
DUBLIN, June 3, 2021 /PRNewswire/ — The “Aircraft Heat Exchanger Market by Application (Environmental Control System and Engine System), Type (Plate-Fin, Flat Tube), Vendor (OEM, Aftermarket), Platform (Fixed-Wing Aircraft, Rotary-Wing Aircraft, and UAVS), and Region – Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering. The aircraft heat exchanger market is expected to… Continue reading $2 Billion Worldwide Aircraft Heat Exchanger Industry is Expected to Grow at a CAGR of 9.2% During 2021 to 2026
Uber, Lyft, DoorDash and other gig companies said California’s Prop 22 would create opportunity for workers of color. A new study says it ‘legalized racial subordination.’ (UBER, LYFT, DASH, GRUB, AMZN)
Gig companies said labor law exemptions would create better opportunities for workers of color. Instead, California’s Prop 22 “legalized racial subordination,” a new research paper argues. The law worked like 1930s “wage codes” that paid workers in mostly minority industries less. See more stories on Insider’s business page. Last year, Uber, Lyft, DoorDash, Instacart, and… Continue reading Uber, Lyft, DoorDash and other gig companies said California’s Prop 22 would create opportunity for workers of color. A new study says it ‘legalized racial subordination.’ (UBER, LYFT, DASH, GRUB, AMZN)
Tesla’s global market share fell to its lowest level in over 2 years as electric car competition heats up
Tesla’s market share of the global electric-car market fell to 11% in April. The electric-car company’s lead in the US is also narrowing, as Ford and GM build their own EVs. Tesla’s stock fell to its lowest level in three weeks following the news. See more stories on Insider’s business page. Tesla’s grip on the… Continue reading Tesla’s global market share fell to its lowest level in over 2 years as electric car competition heats up