Audi reveals Skysphere roadster EV concept ahead of the public debut

German automaker Audi reportedly revealed a brand new concept electric vehicle, the Audi Skysphere, which can be both a luxury sports car and a grand tourer on demand. The roadster represents the brand's vision for the future progressi....

DraftKings to buy iGaming firm Golden Nugget Online for USD 1.56 Bn

American fantasy sports contest, and sports betting operator DraftKings Inc. has reportedly agreed to acquire Golden Nugget Online Gaming through an all-stock deal valued at USD 1.56 billion. A new holding company going by the name ‘....

Pintu bags USD 35 million in Lightspeed Ventures-led Series A+ funding

Indonesia-based cryptocurrency platform Pintu has reportedly secured USD 35 million in a Series A+ funding round led by Lightspeed Venture Partners. The funding round also saw participation from Pantera Capital Management LP, Alameda Ventur....

Popular cannabis website Leafly to go public through blank-check merger

Leading cannabis platform Leafly is reportedly in discussions to merge with blank check firm Merida Merger Corp. to go public, an agreement that would value the new combined entity at over USD 530 million. The deal, if finalized, would be ....

Google, Amazon & other tech firms to join U.S. govt in fighting ransomware

Google, Microsoft, and Amazon are among many tech companies that have reportedly agreed to jointly work with the government in its effort to fight ransomware, as U.S. organizations are regularly facing threats from cyber-attacks. The new J....

Summit Digitel obtains USD 500 Mn via offshore bonds for debt repayment

Summit Digitel Infrastructure, primarily known for setting up telecom towers for Reliance Jio, has reportedly raised USD 500 million through overseas bonds. The Brookfield-backed company intends to use the new proceeds for capital expenditu....

Lyft expects revenue slump amidst delta threat and driver shortages

Lyft Inc. recently reported its adjusted quarterly profit nearly three months ahead of time, securing leaner cost structures as the number of rides availed bounced back. However, it notified stakeholders of impending risks due to the onslau....

Tesla’s India entry delays as govt rules out import tax relaxation

The wait for the arrival of the Tesla cars in India just got longer as the popular American auto giant faces high import duties, with the Indian government refusing to lower taxes on EVs. Musk recently tweeted that he wants to launch cars ....

Japan to admit only severe COVID-19 cases to ease pressure on hospitals

Japan has been seeing a sharp rise in Coronavirus cases amidst the rapidly spreading infections in Olympics host city Tokyo, and elsewhere. The nation will reportedly modify its policies to only hospitalize patients who are severely ill wit....

Vulcan Energy signs long-term lithium supply deal with Renault

The agreement involves supply of around 6,000 to 17,000 tons of lithium annually to Renault SA. Renault aims to make 90% of its models fully electric by 2030. Australia-based lithium producer Vulcan Energy Resources Limited has reporte....