About Author : Pankaj Singh

Pankaj Singh

With a commendable experience of content creation under his belt, Pankaj Singh, a qualified Post Graduate in Management, boasts of having worked as a freelance writer and an insurance underwriter. Additionally, Pankaj has also enriched his qualification portfolio with a course in Digital Marketing. He currently pens down valuable insights on articles pertaining to business, technology, and trade and finance for Business NewsUpdate and other news portals.



Contribution by Pankaj Singh

Zomato plans to invest USD 1 billion in startups over next 1-2 years

Zomato, recently announced an investment of USD 175 million in three startups, namely, Shiprocket, Curefit and Magicpin, to diversify its bets following a blockbuster public listing. The company further plans to invest USD 1 billion in the upcoming 1...

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FirstEnergy Corp. unveils USD 3.4 billion in new equity financings

U.S.-based electric utility company FirstEnergy Corp. recently announced strategic financings with Brookfield Super-Core Infrastructure Partners (Brookfield) and Blackstone Infrastructure Partners that will combinedly raise USD 3.4 billion in equity....

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Netflix to roll out mobile games on Android devices starting this week

Netflix Inc. has reportedly announced its first lineup of mobile games which will roll out to all Android users around the globe starting this week. This release comes following early tests in select markets. The streaming giant first affirmed its p...

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RevolutionParts signs exclusive agreement with retail giant Walmart

RevolutionParts, a leading e-commerce parts provider, has reportedly signed an agreement with Walmart to introduce OEM auto parts to Walmart.com. Under the agreement, Walmart will develop web pages dedicated to OEM parts, thereby easing their accessi...

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Samsung’s Q3 revenue hits USD 63 billion over strong chips, OLED demand

Samsung recently announced that it set a new third-quarter revenue record in 2021, reaching approximately USD 63 billion, which is up from USD 57 billion in 2020. According to the world's largest chipmaker, the company managed to increase its re...

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Spotify logs 19% spike in Asian users through a robust marketing drive

Spotify has reported a 19% spike in user base in Southeast Asia, climbing to a total of 381 million monthly active users globally in the third quarter ending September. The Swedish streaming giant had recorded 320 million MAU the previous year. This...

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Record EV sales boost Tesla’s quarterly profit to USD 1.6 billion

Automaker giant Tesla, Inc has earned a profit of USD 1.6 billion in the third-quarter ending in September, backed by record car sales despite supply chain woes and chip shortages. The net income in Q3 is nearly five times from USD 331 million it rec...

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Tata Motors likely to raise USD 1 billion for its passenger EV business

Shares of Tata Motors rose by around 10% as the auto major is likely to raise USD 1 billion for its passenger electric vehicle business from TPG Rise Climate, taking the company’s total valuation to over USD 9.1 billion. Tata Motors Ltd (TML) ...

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Mercedes-Benz accelerates China push with new research & design center

Mercedes-Benz AG is reportedly investing more funds to enhance its research and design capabilities in China to stay ahead of consumer trends and regulations in the world’s largest auto market. The luxury car manufacturer will unveil its new T...

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