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 t....

Amazon to hire 125,000 employees at increased hourly wage in the U.S.

Online retailing giant Amazon is reportedly planning to hire around 125,000 staff in the United States whose starting pay is likely to be between USD 18 and USD 22.5 per hour. The new positions consist of full-time and part-time jobs in Am....

GM joins forces with LG Corp. to resolve Bolt EV battery fire issues

General Motors Co. is reportedly taking active efforts to help its longtime EV partner LG Corp., in tracking and fixing problems linked to battery fires in Chevrolet Bolt EVs, that have been pressuring the profit margins of both companies. ....

Pine Labs joins hands with OneCard to offer interest-free EMI options

OneCard credit cardholders to get zero interest EMI options. The service will be available across 2,70,000 Pine Labs PoS outlets throughout India. Leading merchant commerce platform, Pine Labs has joined hands with exclusive mobile-bas....

SpaceX to launch all-civilian crew flight into Earth’s orbit for 3 days

SpaceX is officially entering the space tourism industry with the upcoming launch of four people into space this Wednesday for three days, making this the first mission to orbit with only private citizens on board. The "Inspiration4&q....

RLX upgrades Sunflower System to mandate age verification in stores

RLX Technology, a China-based e-vapor company, has recently announced the latest upgrade of Sunflower System, its minor protection system, in an event held in Yanji, China. This minor protection system combining artificial intelligence and....

UK’s Marshmallow reaches Unicorn status with USD 85 Mn Series B funding

Marshmallow, a car insurance provider, has raised USD 85 million in a Series B funding round. With this funding, the company has joined the Unicorn club, reaching a valuation of USD 1.25 billion. This is a major milestone as the company ha....

British automaker Lotus Cars looking to reinforce its presence in China

British sports car manufacturer Lotus Cars Limited is reportedly planning to open at least 70 new showrooms in China by 2024 to better take on its arch-rival Porsche, the German automotive giant.  The company is also expected to begin ....

Allianz penalized USD 1.12 Mn over misleading travel insurance sales

An Australian court penalized German multinational financial services company Allianz SE and its affiliated company AWP Australia Pty Ltd. with USD 1.12 million for engaging in misleading conduct when selling travel insurance through Expedi....

Singapore-based healthtech startup Homage secures USD 30 Mn in Series C

Homage’s total raised funding has surpassed USD 45 million The startup currently boasts of a regional network of over 6,000 pre-screened and trained care professionals. Homage, the caregiving-focused startup headquartered in Sing....