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

Samsung could record highest quarterly profit amid rising chip prices

The company’s operating profit has reached USD 14 billion in Q3 2021. Samsung’s revenues grew by 11% to USD 62.62 billion. Samsung Electronics Co. Ltd is likely to report a record-high revenue and its best quarterly profit in three y...

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Japan’s factory output shrinks as COVID-19 affects vehicle production

Japan’s industrial output has reportedly witnessed a significant drop for the second straight month in August due to the COVID-19 resurgence across Asia. The recent spike in cases has majorly hit car production by causing disruption in supply c...

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Ford to build four plants in the U.S. to strengthen its EV capabilities

Ford Motor Company is reportedly planning to invest USD 11.4 billion to establish four new plants across the U.S. to increase its electric vehicle production capabilities. The move will also allow the American automotive giant to create at least 11,0...

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EV maker Polestar to go public through a USD 20 billion SPAC merger

Swedish electric performance car company, Polestar AB has reportedly reached an agreement to go public by merging with a SPAC (special purpose acquisition company) Gores Guggenheim Inc. The newly merged company will be renamed Polestar Automotive Hol...

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Geely likely to set up 5000 battery swapping stations globally by 2025

The news comes after E-ENERGEE displayed its core technical components as well as solutions during a Beijing event. Geely’s tech unit has been making heavy investments in battery swapping technology since 2017.   Zhejiang Geely Hol...

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Freshworks’ valuation jumps to USD 10 billion in stock market debut

Freshworks set its initial public offering (IPO) at USD 36 per share, bolstering its IPO share price for the second time in the last week and pulling its total valuation over USD 10 billion. The company started trading under the stock symbol of &lsq...

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JP Morgan expands U.K. footprint with launch of its digital bank Chase

American investment bank JP Morgan is reportedly taking on its U.K. rivals by introducing the highly anticipated digital retail bank ‘Chase’, as part of its vision for global expansion. CEO of the new Chase Bank venture, Sanoke Viswanath...

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U.S. to investigate 30 million vehicles over defective airbag inflators

The United States has reportedly opened a probe on nearly 30 million vehicles produced by various well-known automakers over faulty Takata airbag inflators. As per reliable sources, the National Highway Traffic Safety Administration (NHTSA) has orde...

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India’s Apna achieves unicorn status following USD 100 million funding

Apna, an Indian professional networking platform has reportedly secured USD 100 million in a funding round led by its existing investor Tiger Global Management, at a valuation of USD 1.1 billion. This makes it one of the fastest startups to achieve ...

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