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

Newsletter platform Substack abandons plans to raise Series C round

Five-year-old newsletter platform Substack has reportedly ditched its efforts to secure a Series C round. Credible sources revealed that Substack held talks with potential financiers about securing USD 75 million-USD 100 million at a valuation of USD...

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Tesla shares drop yet again as investor fears of slow production grow

Tesla Inc.'s shares dropped again as the electric vehicle maker is struggling to restore normalcy at its production unit in China.  When it comes to increasing production and delivery capacity around the world, Tesla has found the going t...

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Toyota drops global production plan to 100,000 units amid chip crises

Toyota Motor Corporation is reportedly considering reducing its global production target to about 100,000 units from 850,000 vehicles announced earlier in June due to the semiconductor shortage. However, it remains confident that it can achieve its t...

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Starbucks becomes the latest Western major to leave the Russian market

Starbucks Corporation is reportedly planning to stop its operations in Russia after nearly 15 years of having conducted business in the country. The company noted that it will exit the market as it joins McDonald's Corporation in withdrawing its ...

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India looking to spend an additional USD 26 billion to fight inflation

India’s wholesale inflation spiked up to a 17-year high while retail inflation rose to an 8-year high in April. The government is also planning to deliver a second round of fuel tax cuts if crude oil costs continue to rise. The Indian...

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Netflix to push accessibility with subtitle & audio description badges

Netflix Inc is reportedly expanding its subtitles, audio descriptions, and dubbing in multiple languages. Now, shows will include badges to allow users to easily view the availability of these options without further exploration. Heather Dowdy, Di...

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Electric vehicle subsidies in China likely to be extended to push sales

In the wake of the recent COVID-19 wave in China and subsequent lockdowns, credible sources have claimed that the Chinese authorities along with automakers are in talks to extend the expensive subsidies for electric vehicles (EV). The move, which ...

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Hyundai and Kia to double down on EVs with USD 16.5 billion investment

South Korea's largest carmakers Hyundai Motor Company and its affiliate Kia Corporation are reportedly planning to spend around 21 trillion won (USD 16.6 billion) to boost their electric vehicle production capabilities. The two companies will ...

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Home Depot boosts annual forecast as demand persists despite inflation

The home improvement retailers’ shares spiked by 5% to USD 310.78. Home Depot expects its comparable sales to increase by 3% despite inflating prices. Home Depot Inc. has reportedly lifted its annual sales and profit forecast, lower...

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