Category: Business
Enbridge makes massive $14 billion Dominion Energy Utility purchase
Author: Shreya Bhute

img/business/enbridge-makes-massive-14-billion-dominion-energy-utility-purchase.jpg Enbridge, the Canadian pipeline operator, has reportedly announced the purchase of three utilities from Dominion Energy for a total of $14 billion, inclusive of assumed debt. The acq...

Read More >>
Cathay Pacific eyes cargo growth in India with MNC contracts
Author: Shreya Bhute

img/business/cathay-pacific-eyes-cargo-growth-in-india-with-mnc-contracts.jpg Cathay Pacific Airways Ltd. is reportedly aiming to secure air freight contracts from prominent multinational corporations such as Apple Inc. and Foxconn, as these companies expand thei...

Read More >>
Amazon explores key investment role in Arm Ltd. ahead of IPO release
Author: Shreya Bhute

img/business/amazon-explores-key-investment-role-in-arm-ltd.-ahead-of-ipo-release.png The e-commerce giant, Amazon, is reportedly engaged in talks to become a major investor in Arm Ltd., a subsidiary of SoftBank Group Corp., ahead of the upcoming initial public offering ...

Read More >>
EU to Investigate Adobe's Figma Acquisition Over Competition Concerns
Author: Shreya Bhute

img/business/eu-to-investigate-adobes-figma-acquisition-over-competition-concerns.jpg European antitrust regulators are reportedly gearing up to conduct a formal investigation into Adobe's proposed $20 billion acquisition of Figma, a cloud-based designer platform, as...

Read More >>
US Judge accepts FTC request, blocks Microsoft’s Activision acquisition
Author: Shreya Bhute

img/business/us-judge-accepts-ftc-request-blocks-microsofts-activision-acquisition.jpg On Tuesday, a U.S. judge granted reportedly the request by Federal Trade Commission (FTC) to temporarily halt the Activision Blizzard acquisition by Microsoft Corp. Without the court or...

Read More >>
Tata Consumer eyes acquisitions in F&B space, share price rises
Author: Shreya Bhute

img/business/tata-consumer-eyes-acquisitions-in-f-b-space-share-price-rises.jpg Tata Consumer Products of Tata Group reportedly witnessed a 2.5% surge in stock price on June 7. The positive gain comes following the announcement made by Tata Group chairman N Chandra...

Read More >>
Ford Motor Co. earns robust profits in Q1 amid unsure EV unit stance
Author: Shreya Bhute

img/business/ford-motor-co-earns-robust-profits-in-q1-amid-unsure-ev-unit-stance.jpg With a favorable demand for its SUV and truck models, Ford Motor Co. on Tuesday 2 May reported strong revenues and profit for the first quarter of 2023. The company has, however, advise...

Read More >>
Tesla ordered to pay ex-employee over $3.2 Mn in damages over racism case
Author: Pankaj Singh

img/business/tesla-ordered-to-pay-ex-employee-over-3.2-mn-in-damages-over-racism-case.jpg Electric car manufacturer, Tesla, has reportedly been ordered by a federal jury to pay more than USD 3.2 million in damages to a former worker, following his win in a racial harassment ...

Read More >>
Labour recasts green growth plan as UK version of Inflation Reduction Act
Author: Pankaj Singh

img/business/labour-recasts-green-growth-plan-as-uk-version-of-inflation-reduction-act.jpg Labour party of the UK has decided to invest in good, clean energy jobs by recasting its green growth initiative as the British version of the US’s Inflation Reduction Act. Ed Mil...

Read More >>
Virgin Orbit seeks funding lifeline to save itself from bankruptcy
Author: Pankaj Singh

img/business/virgin-orbit-seeks-funding-lifeline-to-save-itself-from-bankruptcy.jpg Rocket-building company Virgin Orbit is reportedly looking for strong funding options to avoid bankruptcy, which could occur soon in case no deal is finalized. The firm has paused most ...

Read More >>