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Reliance acquires Stoke Park for 57 million pounds

24Apr By AnkitaNo Comments

ACQUISITION

Reliance acquires Stoke Park for 57 million pounds

London, 4/24/2021: Reliance Industries Ltd has bought Britain's iconic country club and luxury golf resort, Stoke Park for 57 million pounds ($79,116,010). Over the past four years, Reliance has announced USD 3.3 billion in acquisitions, with 80 percent being in the technology, media, and telecom (TMT) sector. The acquisition adds to Reliance's current stake in Oberoi hotels and hotel-managed residences in Mumbai that it's developing. The UK-based firm, which owns a hotel and golf course in Buckinghamshire, UK, will add to Reliance's consumer and hospitality assets, the firm said in a filing late on Thursday. "Reliance Industrial Investments and Holdings Ltd (RIIHL), a wholly-owned subsidiary of Reliance Industries Limited, has on April 22, 2021, acquired the entire issued share ...

Microsoft acquires Nuance Communications for $19.7 billion

12Apr By AnkitaNo Comments

ACQUISITION

Microsoft acquires Nuance Communications for $19.7 billion

Wash., and BURLINGTON, Mass. – April 12, 2021 – Software giant Microsoft has acquired Nuance Communications, Inc. (Nasdaq: NUAN) in an all-cash transaction valued at $19.7 billion. Nuance is a trusted cloud and AI software leader representing decades of accumulated healthcare and enterprise AI experience. Mark Benjamin will remain CEO of Nuance, reporting to Scott Guthrie, executive vice president of Cloud & AI at Microsoft. The transaction is intended to close this calendar year. In 2020, Microsoft has accelerated its efforts to provide industry-specific cloud offerings Microsoft Cloud for Healthcare. Which aims to address the comprehensive needs of the rapidly transforming and growing healthcare industry. The latest acquisition announcement will help Microsoft’s industry-speci...

Microsoft Wins $22 Billion Deal to make VR Headsets for US Army

2Apr By AnkitaNo Comments

USA

Microsoft Wins $22 Billion Deal to make VR Headsets for US Army

Earlier today, the United States Army announced Microsoft won its $22 billion VR headset deal. In contract Microsoft to supply U.S. Army combat troops with its augmented reality headsets including Integrated Visual Augmentation System (IVAS) program as it moves from rapid prototyping to production and rapid fielding. The IVAS headset, based on HoloLens and augmented by Microsoft Azure cloud services, delivers a platform that will keep Soldiers safer and make them more effective. The program delivers enhanced situational awareness, enabling information sharing and decision-making in a variety of scenarios. The IVAS aggregates multiple technologies into an architecture that allows the Soldier to Fight, Rehearse, and Train using a single platform. The suite of capabilities leverages e...

Casio to Launch First G-SHOCK Smartwatch with Wear OS by Google

1Apr By AnkitaNo Comments

Tech

Casio to Launch First G-SHOCK Smartwatch with Wear OS by Google

TOKYO, April 1, 2021 -- Smartwatch maker company Casio announced today the launch of its brand new GSW-H1000, a G-SQUAD PRO smartwatch powered by Wear OS by Google and packed with functions that help you stay fit using activity goals and fitness tracking. The latest addition to the sporty G-SQUAD line of shock-resistant G-SHOCK watches. The new smartwatch is built with all the toughness of a G-SHOCK, with shock resistance and 200-meter water resistance. It is also the first G-SHOCK smartwatch to run on Wear OS by Google. As the flagship product of the sports-focused G-SQUAD line, the GSW-H1000 is great for use in a wide range of athletic settings from activities like running, indoor workouts, road biking, and swimming, to more extreme pursuits like surfing and snowboarding. The ...

Deliveroo IPO listing, Valuation could reach around $10 to $12 billion

25Mar By AnkitaNo Comments

Market

Deliveroo IPO listing, Valuation could reach around $10 to $12 billion

London, 03/25/2021: UK-based food delivery service Deliveroo said it plans to go public on April 4 via the London Stock Exchange at a price range of $5.35 to $6.32 per Share. The IPO listing could value the company around $10.5 billion to $12.1 billion. The Offer will comprise of new Shares to be issued by Deliveroo expecting to raise approximately $1.4 billion and existing Shares to be sold by certain existing shareholders. Will Shu, Founder, and CEO of Deliveroo said, "We are proud to be listing in London, the city where Deliveroo started. Becoming a public company will enable us to continue to invest in innovation, developing new tech tools to support restaurants and grocers, providing riders with more work and extending choice for consumers, bringing them the food they love from...

PayPal to Acquire Digital Security Startup Curv

9Mar By AnkitaNo Comments

ACQUISITION

PayPal to Acquire Digital Security Startup Curv

SAN JOSE, Calif., March 9th, 2021-- PayPal Holdings, Inc. (NASDAQ: PYPL) has agreed to acquire Curv to accelerate and expand its initiatives to support cryptocurrencies and digital assets. Curv is a leading provider of cloud-based infrastructure for digital asset security based in Tel Aviv, Israel. In October 2020, PayPal announced its commitment to help shape the role that digital currencies will play in the future of financial services and commerce. To drive sustained growth and innovation in this area, the company recently created a business unit focused on blockchain, crypto, and digital currencies. Curv will join the newly formed group, with its strong team of technologists adding technical expertise to PayPal. "The acquisition of Curv is part of our effort to invest in...

Online Learning Platform Coursera files for IPO

8Mar By AnkitaNo Comments

Market

Online Learning Platform Coursera files for IPO

MOUNTAIN VIEW, Calif., 8th March 2021-- Online learning platform Coursera has filed for an IPO with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Coursera has applied to list its common stock on the New York Stock Exchange under the ticker symbol “COUR”. Morgan Stanley and Goldman Sachs & Co. LLC will act as lead book-running managers for the proposed offering. As per the IPO filing, Coursera 51 percent revenue came from outside the US. The online learning platform reported a 59 percent revenue increase in 2020 that came from over 77 million registered users. More than 2,000 businesses (including 25 pe...

Volvo will make only EVs by 2030; will be sold exclusively online

2Mar By AnkitaNo Comments

Automobile

Volvo will make only EVs by 2030; will be sold exclusively online

Swedish automaker Volvo says it is phasing out the production of all cars with internal combustion engines including hybrids and will make only electric vehicles by 2030. But if you want one, you'll have to buy it online. There is no long-term future for cars with an internal combustion engine, said Henrik Green, Volvo's chief technology officer. Volvo's announcement follows General Motors' pledge earlier this year to make only battery-powered vehicles by 2035. While its all-electric vehicles will be sold exclusively online, dealerships will remain a crucial part of the customer experience and will continue to be responsible for a variety of important services such as selling, preparing, delivering, and servicing cars. As part of the announcement, the Swedish automaker will un...

Commercial Versus Residential Mortgages: What Are the Differences?

1Mar By AnkitaNo Comments

Market

Commercial Versus Residential Mortgages: What Are the Differences?

Owning your own business is a long-standing dream for many, but once you’ve accomplished it, the hard work doesn’t stop. Chances are you’ll want to see your venture grow, and the bigger it becomes, the more there is for you to consider. It may get to a point where you’re looking at purchasing rather than renting suitable business premises. It’s a big step to take, and one you should educate yourself on before going ahead. So what do you need to know? One of the biggest mistakes business owners make pre-purchase is assuming that commercial property mortgages function in much the same way as their residential counterparts. Unfortunately, this is not the case, and it’s something you ought to be aware of. Here are just a few of the ways the two differ. Lending criteria When y...

1Mar By AnkitaNo Comments

INDIA

Indian Fintech Companies Raises $2.7 billion in 2020

Mumbai, Feb 27th, 2020: Despite the pandemic-induced disruptions, venture capital funds pumped USD 2.7 billion into domestic fintech companies in 2020, the second-highest fund infusion into the sector since 2019 when it had peaked at USD 3.5 billion, according to a report. The biggest investments were into Bengaluru-based payments firm Navi Technologies at USD 397.9 million from angel funds, Noida-based Pine Labs attracted USD 300 million from private equity players, and Razorpay received USD 100 million from GIC of Singapore, Sequoia and others, making it a unicorn. As against this, global fintech investments stood at a whopping USD 105 billion across 2,861 deals in the year, the third-highest annual total ever, as per the data collated by KPMG India. Despite pandemic challenges...

What Can We Expect from the US Dollar in 2021?

24Feb By AnkitaNo Comments

USA

What Can We Expect from the US Dollar in 2021?

2020 was a year of turbulence and fluctuations for the US dollar, as it dropped as low as it has been in a couple of years. What can we expect to happen as we look forward to next year? How Has 2020 Gone? USD tends to perform well against other currencies in times of economic turmoil, as investors look for the safety of the dollar. This helped it to climb earlier in the year, but the trend in the second half of 2020 has been for people to put their money into riskier investments, causing the dollar to drop. Indeed, the hope that 2021 will see other markets surge has led to investors putting more money into the likes of stocks and commodities. The euro and Swiss franc have both reached levels not seen since 2018, while even the uncertainty surrounding Brexit hasn’t stopped the...

Vedantu acquires doubt-solving platform Instasolv

22Feb By AnkitaNo Comments

ACQUISITION

Vedantu acquires doubt-solving platform Instasolv

New Delhi, Feb 22, 2021: Ed-tech startup Vedantu has fully acquired Instasolv, a doubt-solving app for students of classes 6 to 12 for science, mathematics. The ed-tech firm, however, did not disclose the financial details of the deal. Earlier in 2020, Vedantu had invested USD 2 million as part of a pre-series A round funding in Instasolv. "Last year we took a strategic decision to invest in Instasolv to strengthen our play in doubt-solving, which is one of the key aspects of learning online. We have seen tremendous potential in Instasolv and share the same mission to democratize education in the country," Vedantu CEO and co-founder Vamsi Krishna said in the statement. This is Vedantu's first acquisition in an education technology company to strengthen its focus in the instant do...