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Logistics service provider Xpressbees acquires courier company TrackOn-thumnail

Logistics service provider Xpressbees acquires courier company TrackOn

Xpressbees, a logistics powerhouse, has acquired New Delhi’s Trackon, marking its entry into the SME courier space. With a nationwide expansion plan and synergistic benefits, Xpressbees aims to leverage its network for growth. The acquisition aligns with their success story, backed by major investments and a diversified service portfolio, promising enhanced customer experiences.

Business

Aug 14, 2023

Clean energy supply chains are at risk of overconcentration, warns Yellen-thumnail

Clean energy supply chains are at risk of overconcentration, warns Yellen

U.S. Treasury Secretary Janet Yellen stated in prepared remarks for an event in Las Vegas on Monday that the country is working to create robust, diversified clean energy supply chains to safeguard its economic security while avoiding the risks presented by over-concentration in a small number of nations.

Business

Aug 14, 2023

Ranjan Pai, Chairman of Manipal Group is looking to buy a stake in Firstcry after Akash and PharmEasy.-thumnail

Ranjan Pai, Chairman of Manipal Group is looking to buy a stake in Firstcry after Akash and PharmEasy.

Ranjan Pai, the chairman of the Manipal Group is currently engaged in negotiations to acquire a stake, in FirstCry, an e-commerce platform that focuses on children’s products. It has been

News

Aug 14, 2023

Hindenburg-Adani Group Dispute: SEBI Asks The Supreme Court For A 15-Day Delay To Finish The Investigation-thumnail

Hindenburg-Adani Group Dispute: SEBI Asks The Supreme Court For A 15-Day Delay To Finish The Investigation

The Supreme Court granted the capital markets regulator until August 14 to provide an updated progress report on the Adani Group v. Hindenburg Research case.

Business

Aug 14, 2023

JioCinema forays into Esports; to live stream the official Battlegrounds Mobile India Series-thumnail

JioCinema forays into Esports; to live stream the official Battlegrounds Mobile India Series

JioCinema and Krafton India have collaborated to live stream the Battlegrounds Mobile India Series (BGIS) 2023. The event will feature “The Grind” phase from August 17th to 20th followed by the finals from October 12th to 14th. With a prize pool of INR 2 Crore, the tournament has attracted, over 2,000 teams highlighting the growing popularity of esports in India.

Business

Aug 14, 2023

UK’s YouGov considers U.S. listing after recent deal leads to growth-thumnail

UK’s YouGov considers U.S. listing after recent deal leads to growth

The pollster and data analytics company YouGov, which is listed on the London Stock Exchange, is considering a US listing, which would be the latest blow to the LSE.

Business

Aug 14, 2023

Open AI faces Bankruptcy amid rising operational costs; falling users-thumnail

Open AI faces Bankruptcy amid rising operational costs; falling users

OpenAI, the company behind ChatGPT is at risk of facing difficulties by the end of 2024 if it does not receive funding. The magazine states that there has been a decline in the number of users visiting the ChatGPT website during the half of 2023. In May there were 1.9 billion users. This number dropped to 1.5 billion by July. The combination of losses, which amounted to $540 million last year and high operational costs further exacerbates the challenge, for OpenAI.

Artificial Intelligence

Aug 14, 2023

National Investment & Infrastructure Fund’s search for CEO raises concern among stakeholders-thumnail

National Investment & Infrastructure Fund’s search for CEO raises concern among stakeholders

The ongoing quest to find a CEO, for India’s National Investment & Infrastructure Fund (NIIF) has sparked worries among investors potentially putting government business plans at risk.

Business

Aug 14, 2023

South Korea’s largest telecom firm SK Telecom to invest in google backed AI Firm Anthropic-thumnail

South Korea’s largest telecom firm SK Telecom to invest in google backed AI Firm Anthropic

SK Telecom, a company has made a significant investment of $100 million, in Anthropic, an AI firm based in the United States that is posing a challenge to OpenAI.

Artificial Intelligence

Aug 14, 2023

The Taiwan VP says Taiwan will not back down from threats on a visit to the US-thumnail

The Taiwan VP says Taiwan will not back down from threats on a visit to the US

During a visit to the United States that Beijing has denounced, Taiwan’s vice president reassured supporters that the island will not cower or yield in the face of authoritarian threats

News

Aug 14, 2023

After rejecting Cleveland-Cliffs’ $7.3 billion offer, U.S. Steel explores alternatives-thumnail

After rejecting Cleveland-Cliffs’ $7.3 billion offer, U.S. Steel explores alternatives

After turning down a takeover bid from competing steelmaker Cleveland-Cliffs Inc (CLF.N), United States Steel Corp (X.N) on Sunday formally reviewed its strategic options. U.S. Steel was valued at nearly

News

Aug 14, 2023

Today, ITC will release Q1 earnings. Double-digit profit growth and rising margins are anticipated.-thumnail

Today, ITC will release Q1 earnings. Double-digit profit growth and rising margins are anticipated.

“Revenues from the tobacco business are anticipated to increase by 13% YoY, helped by volume growth of 9% to 10%, while FMCG sales outside of the cigarette industry are anticipated

News

Aug 14, 2023


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