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Live streamers from China are focusing on TikTok sales to consumers in the US and Europe-thumnail

Live streamers from China are focusing on TikTok sales to consumers in the US and Europe

Despite doubts about the platform’s future in the US and other countries, live streamers from China have focused on TikTok users in the US and Europe, peddling anything from bags and clothing to crystals with an eye on a potentially profitable market.

Business

Jul 19, 2023

Improved panel supplies stabilize US solar contract prices: report-thumnail

Improved panel supplies stabilize US solar contract prices: report

US solar contract costs experienced their first quarterly fall in more than three years as difficulties sourcing panel supplies eased and projects enjoyed strong demand associated with President Joe Biden’s historic climate change measure.

News

Jul 18, 2023

Infosys signs five-year AI contract with $2 billion spending goal-thumnail

Infosys signs five-year AI contract with $2 billion spending goal

A $2 billion contract spread over five years has been awarded to Infosys, a leading provider of IT services. According to a late-Monday filing to the stock exchanges, the deal

News

Jul 18, 2023

PharmEasy’s parent company planning to raise Rs. 2000- 3000 crore through rights issue-thumnail

PharmEasy’s parent company planning to raise Rs. 2000- 3000 crore through rights issue

PharmEasy’s parent company, API Holdings, has set its sights on generating capital through a rights issue valued between Rs 2,000 to Rs 3,000 crore. If current shareholders choose not to

Industry

Jul 18, 2023

Clarious ARBL Holding planning to offload its 14% stake in Amara Raja Batteries; shares fall 6%-thumnail

Clarious ARBL Holding planning to offload its 14% stake in Amara Raja Batteries; shares fall 6%

This anticipated stake sale marks Clarios’ second retreat from Amara Raja in less than two years. In a previous instance, Clarios curtailed its shareholding by 10 percent, executing a substantial

News

Jul 18, 2023

Tesla’s board has agreed to settle a shareholder lawsuit for $735 million-thumnail

Tesla’s board has agreed to settle a shareholder lawsuit for $735 million

In order to resolve a lawsuit brought by the shareholders, Elon Musk-led Tesla’s board of directors will pay back $735 million to the business, which is equal to the value of 3.1 million Tesla stock options. Additionally, Tesla directors have agreed that they would not be paid in 2021, 2022, or 2023 while the board also changes how remuneration is decided.

Business

Jul 18, 2023

OneCard and WintWealth eyeing NBFC license from RBI to venture into lending-thumnail

OneCard and WintWealth eyeing NBFC license from RBI to venture into lending

Reports suggest that OneCard, a fintech unicorn, and WintWealth, an emerging startup, are both looking to obtain licenses as non-banking finance companies (NBFCs). This move will see them join the

News

Jul 18, 2023

Insurance startup RenewBuy raises $40 million in funding from Dai-ichi Life Holdings-thumnail

Insurance startup RenewBuy raises $40 million in funding from Dai-ichi Life Holdings

As part of its ongoing Series D round, insurtech startup RenewBuy has successfully raised $40 million from Dai-ichi Life Holdings, Inc. This Indian company stands out for its ability to

News

Jul 18, 2023

Rising Corporate Debt Defaults Pose Global Economic Slowdown Risks-thumnail

Rising Corporate Debt Defaults Pose Global Economic Slowdown Risks

The specter of rising corporate debt defaults has long been disregarded by resilient credit markets, but now the fears are starting to materialize. Companies are facing downgrades to junk credit

Economy

Jul 18, 2023

China AI Chip Company Seeks IPO in Hong Kong in 2023-thumnail

China AI Chip Company Seeks IPO in Hong Kong in 2023

Shanghai Biren Intelligent Technology Co., a startup in the Chinese semiconductor industry, is reportedly exploring an IPO in Hong Kong as early as this year in order to cash in on a surge of local customers switching to its AI chips as an alternative to Nvidia Corp. silicon that has been outlawed.

Artificial Intelligence

Jul 18, 2023

Brian Armstrong, CEO of Coinbase, will speak with US House Democrats-thumnail

Brian Armstrong, CEO of Coinbase, will speak with US House Democrats

Brian Armstrong, the CEO of Coinbase, will speak on the future of digital asset legislation during a private meeting with a group of Democrats from the US House of Representatives on Wednesday morning.

Business

Jul 18, 2023

Rice Robotics receives $7 million and will power SoftBank’s office deliveries-thumnail

Rice Robotics receives $7 million and will power SoftBank’s office deliveries

The ability to secure important clients is a critical differentiation for companies in the crowded enterprise robotics industry. SoftBank has placed a significant order with Hong Kong-based Rice Robotics.

Investment & Funding

Jul 18, 2023


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