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INDIA

India court says ByteDance should deposit $11 million in tax evasion case

April 6th, 2021

Indian tax intelligence agency ordered HSBC and Citibank in Mumbai to freeze accounts of ByteDance India as it probed some of the firm's financial dealings.

News

WeWork lost $3.2 billion in 2020

March 23rd, 2021

Coworking company WeWork lost $3.2 billion last year and looking to raise $1 billion in investment and a stock market listing through SPAC.

Automobile

Flying Taxi Platform Volocopter eyes fresh capital, SPAC an option

March 22nd, 2021

BERLIN, 3/22/2021: German air taxi startup Volocopter plans to raise fresh funds from investors, its Chief Executive Florian Reuter said on Thursday, adding that a deal to go public via a special purpose acquisition company was one option. Volocopter this month tapped investors led by U.S. asset manager Blackrock for 200 million...

INDIA

India woos Tesla with offer of cheaper production costs than China

March 5th, 2021

India offers incentives on the cost of production less than in China if Tesla agrees to produce its car into the country.

News

Adidas plans to sell Reebok Brand

February 16th, 2021

Adidas has begun strategic alternatives including a potential sale of the Reebok brand after a poor business performance.

ACQUISITION

Tata Group to acquire 68 percent stake in BigBasket for $1.3 billion

February 16th, 2021

Tata Group will buy a 68% stake in online grocery startup BigBasket for $1.3 billion.

Market

South Korea eCommerce platform Coupang revenue surge ahead of IPO

February 15th, 2021

Founded in 2010, eCommerce platform Coupang revenue Surge ahead of IPO.

News

Google wins EU antitrust nod for $2.1 billion Fitbit deal

December 17th, 2020

Google will store Fitbit user data separately from Google data used for advertising, and will not use data from Fitbit and other wearable devices for Google Ads.