Suzuki to invest USD 1.37 billion for its electrification push in India

Suzuki Motors is reportedly planning to invest USD 1.37 billion to broaden its electric manufacturing capabilities in India by introducing new EV models and establishing a battery manufacturing plant by the end of 2025. This is India's....

Astra’s LV0009 lifts off 3 satellites for Spaceflight Astra-1 mission

American launch vehicle company Astra has recently launched three satellites into orbit for Spaceflight Inc., a launch service and mission management provider, from an Alaska launch pad. This latest mission comes a month after the American ....

Multiplier bags USD 60 Mn in Series B funding at USD 400 Mn valuation

Remote work platform Multiplier has reportedly secured USD 60 million during a Series B funding round, thus reaching a valuation of USD 400 million. The funding round was co-led by Sequoia Capital India and Tiger Global, which brings the st....

Bentley to launch one electric car annually for five years from 2025

Earlier this year, Bentley had announced its entry into the electric vehicle space, with the its first full battery-powered luxury car scheduled for launch in 2025. However, unlike its close rival Rolls-Royce Motor Cars Limited, it doesn&rs....

Novavax's COVID-19 vaccine gets a lukewarm response in European Union

The latest vaccine developed by US biotech firm Novavax has reportedly observed tepid reception in European Union countries, indicating that vaccine naysayers will remain unpersuaded to get immunized. Sources claimed that nearly 85% of peo....

Russia bans car exports to 48 nations in response to Western sanctions

The United States and its allies have imposed heavy sanctions on Russia after it invaded Ukraine, further crumbling the country’s economy, and dropping the Russian Ruble to an all-time low. In a retaliatory move, Russia is now plannin....

DHL, SIA enter CM agreement to operate five Boeing 777 freighters

DHL Express, an international courier service, has reportedly inked a CM (Crew and Maintenance) agreement with a flag carrier, Singapore Airlines, to deploy and operate five Boeing 777 freighters. This latest deal represents a further step....

Adidas sales harmed by Russia-Ukraine crisis, saved by growth in China

Adidas reportedly on Wednesday saw a 10% increase in its shares despite COVID-19 disruptions in Vietnam and the closure of activities in Russia, with a brighter stance in China saving the day. Due to the ongoing war situation, the company w....

Bumble surpasses revenue estimates, expects strong international growth

Online dating platform Bumble Inc. has reportedly surpassed estimations in its fourth-quarter earnings and now expects sturdy growth in 2022, further booming the company's shares by over 20% during extended trading. The dating company ....

Google to buy Mandiant for USD 5.4 Bn to expand cloud computing unit

Google is reportedly offering USD 23 per share in an all-cash deal, worth USD 5.4 billion, for cybersecurity firm Mandiant Inc, to broaden its cloud-computing business and add to its internet security products. This is Google's second-....