Electric vehicle maker Rivian, which is backed by Amazon, is seeking to raise at least USD 8.4 billion in its initial public offering, as per a regulatory filing posted recently. The company stated that it intends to offer around 135 milli....

Indian neo banking platform, Fi has reportedly secured USD 50 million in the latest funding round led by Facebook Co-founder Eduardo Saverin’s global investment firm, B Capital. The funding round also saw participation from alternativ....

Coca-Cola is reportedly gearing up to acquire the sports drink company BodyArmor through a deal worth USD 5.6 billion. The transaction is likely to be finalized in the coming weeks and will allow the world’s largest beverage company t....

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 the....

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 incre....

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 y....

Leading furniture brand IKEA has announced the purchase of Topshop's flagship central store in London for £378 million (USD 520 million) after the fall of Sir Philip Green’s retail empire. The Swedish company will alter var....

Restaurant Brands International Inc., the parent company of Burger King and Tim Hortons, has reportedly failed to meet quarterly revenue estimates as its popular fast-food chains struggle with staff shortages and work from home trends. Sha....

Bangalore-based investment platform, Groww has reportedly secured USD 251 million in a Series E funding round led by Iconiq Growth. The fresh funds will be used to expand the company’s offerings, educate first-time investors, and help....

Facebook Inc. has reportedly inked a preliminary copyright agreement with a lobby group of French news publishers, which paves the way for the company to pay for promoting news content on its platform in the country. The licensing accord c....