Even as the pace of economic recovery is gathering momentum, the speed of road construction at 20 kilometers per day is adding to the worry of the Indian construction equipment industry. The pace of road construction is dismally low and almost half of the expectation of 40 kilometers a day. Industry sources say this… Continue reading Pace of road building is cause of worry for Construction Equipment makers
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Pace of road building is cause of worry for Construction Equipment makers
Even as the pace of economic recovery is gathering momentum, the speed of road construction at 20 kilometers per day is adding to the worry of the Indian construction equipment industry. The pace of road construction is dismally low and almost half of the expectation of 40 kilometers a day. Industry sources say this… Continue reading Pace of road building is cause of worry for Construction Equipment makers
Pace of road building is cause of worry for Construction Equipment makers
Even as the pace of economic recovery is gathering momentum, the speed of road construction at 20 kilometers per day is adding to the worry of the Indian construction equipment industry. The pace of road construction is dismally low and almost half of the expectation of 40 kilometers a day. Industry sources say this… Continue reading Pace of road building is cause of worry for Construction Equipment makers
Elon Musk: ‘I have Tesla covered too’ as he sleeps at Twitter HQ
Tesla investors are starting to get increasingly concerned that Elon Musk’s focus on Twitter is taking him away from the automaker as its stock is falling. The CEO tried to reassure shareholders saying that he has ‘Tesla covered’, but he also said that he is sleeping at Twitter’s headquarters “until the social media is fixed”.… Continue reading Elon Musk: ‘I have Tesla covered too’ as he sleeps at Twitter HQ
Thai pet food maker i-Tail looking to raise up to $590m in IPOThe IPO will be Thailand’s second-largest this year.
Thai pet food maker, i-Tail Crop (ITC), plans to raise between 19.8 billion baht to 21.12 billion baht ($554.00 million to $590.93 million) in an initial public offer (IPO) this year, it said in a filing. i-Tail Crop, a unit of the world’s biggest maker of tuna Thai Union, set an IPO price range of 30 baht and 32 baht, offering between 600 million and 660 million shares or 22% of the firm. The final share price… Continue reading Thai pet food maker i-Tail looking to raise up to $590m in IPOThe IPO will be Thailand’s second-largest this year.
Data Vantage: Red Dot Payment, TabSquare, ADDX bag new funding and other updates
Singapore-headquartered online payment company Red Dot Payment allotted shares worth $4 million to its biggest shareholder PayU, the fintech arm of Naspers, last week. The latest investment follows a similar capital injection in March this year by PayU, which now holds an over 73% stake in the startup. Red Dot shares were priced 35.2% lower… Continue reading Data Vantage: Red Dot Payment, TabSquare, ADDX bag new funding and other updates
Sad Elon Musk Says He’s Overwhelmed In Strange Interview After the Power Went Out
SpaceX and Tesla CEO Elon Musk was already stretched pretty thin before he bought Twitter. Back in 2018, Musk famously slept on the couch at Tesla’s factory in Fremont, a purported attempt to turn the company around during a time of crisis. And Twitter, as expected, is turning into a major nightmare as well. That… Continue reading Sad Elon Musk Says He’s Overwhelmed In Strange Interview After the Power Went Out
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TOKYO, Nov 15 (Reuters) – Nothing is blocking discussions between Nissan (7201.T) and Renault (RENA.PA) over the future of their alliance and the two companies will have “important talks” on Tuesday and Wednesday, the French automaker’s chairman said in Tokyo. Speaking at an event on Tuesday, Renault SA chairman Jean-Dominique Senard touted the Franco-Japanese alliance,… Continue reading Untitled
Australia’s Nitro Software backs KKR-owned Alludo’s $335m takeover offer
Australia’s Nitro Software said on Tuesday its board had determined the near A$500 million ($335 million) offer from KKR Inc’s Alludo to be “superior” to an earlier bid from major shareholder Potentia Capital Management. In late October, the company took on an offer from Alludo at A$2.00 per share, which it said was an 11% premium to tech-focused private equity firm Potentia’s offer of A$1.80 per share. Nitro in a statement said… Continue reading Australia’s Nitro Software backs KKR-owned Alludo’s $335m takeover offer
Bird may not have enough funds to continue shared micromobility business
Just hours after Bird said it had overstated revenue for more than two years by recognizing unpaid customer rides, Bird dropped a growing concern warning. In a regulatory filing, the company said it might “need to scale back or discontinue certain or all of its operations in order to reduce costs or seek bankruptcy protection.”… Continue reading Bird may not have enough funds to continue shared micromobility business