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Venture Capital funding in Green Energy Raises $1.3 billion in Jan-Mar 2021

30Apr By AnkitaNo Comments

BUSINESS

Venture Capital funding in Green Energy Raises $1.3 billion in Jan-Mar 2021

Paris, Apr 30th, 2021: Global venture capital funding in energy storage, smart grid, and energy efficiency rose to USD 1.3 billion during January-March 2021, registering a whopping 410 percent year-on-year growth, a report released on Friday said. According to the report by Mercom Capital Group, the said segments had saw a combined funding of USD 252 million in same period of 2020. The venture capital (VC) funding (including private equity and corporate venture capital) raised by battery storage companies in Q1 or January-March quarter of 2021 came to USD 994 million in 13 deals compared to USD 164 million in six deals in Q1 2020, it said. The report said 33 VC investors participated in battery storage funding during the said quarter. The VC funding for smart grid companies inc...

The Huge Commercial Market Behind St. Patrick’s Day Celebrations

16Mar By AdityaNo Comments

BUSINESS

The Huge Commercial Market Behind St. Patrick’s Day Celebrations

California, SF, 03/16/2021: St. Patrick’s Day is an Irish cultural celebration that extends beyond the Irish shores. It is usually celebrated on the 17 of March every year as this is believed to be the date St. Patrick died in 461 AD. He is often celebrated as the person who introduced Christianity to the Irish people. Many people see this day as an opportunity to get back to their Irish roots and have a party. People commemorate this day in different parts of the world, including the UK, Canada, Argentina, Australia, Brazil and New Zealand. It is arguably the most celebrated festival in the world. As a result, it usually presents the perfect opportunity for all businesses globally. A Typical Modern-Day St. Patrick’s Day Event The present-day St. Patrick’...

15Feb By PriyankaNo Comments

BUSINESS

How Businesses Can Help Their Customers Find The Information They Need

In today’s highly competitive world, businesses must provide customers with the information they need to make purchase decisions in their favor. If they don’t, customers will get that information from their competitors and end up buying from them. This translates to loss of business opportunity and, by extension, loss of revenue. Customers need to be educated about their needs and the solutions available in a timely and accurate manner so they can feel empowered enough to make a purchase decision. There are several strategies that businesses can do to help their customers find the information they need. These include the following, Publishing Information On Websites With advancements in technology, developing and updating business websites has become extremely easy. Busi...

Logistics Company Ecom Express expands to Bangladesh

15Jan By AnkitaNo Comments

BUSINESS

Logistics Company Ecom Express expands to Bangladesh

Dhaka, 15th Jan 2021: Logistics solutions provider Ecom Express is foraying into the Bangladesh market, marking its maiden venture outside India, a statement said. Ecom Express invested USD 11 million (about Rs 80.6 crore) in Bangladesh's largest third-party e-commerce logistics firm, Paperfly. "With more than 167 million inhabitants and over 90 million internet users, the e-commerce industry in Bangladesh is emerging and has become one of the fastest growing markets in the region. The increasing per-capita disposable income has fueled higher consumption from expanding middle classes," it added. Founded in 2016 by Shahriar Hasan, Md Razibul Islam, Rahath Ahmed and Shamsuddin Ahmed, Paperfly is the first homegrown technology-enabled logistics company in Bangladesh. "The investm...

Herbalife Repurchase Shares Worth $600 Million from Icahn Enterprises

4Jan By AdityaNo Comments

BUSINESS

Herbalife Repurchase Shares Worth $600 Million from Icahn Enterprises

LOS ANGELES, 4th Jan 2021-- Herbalife Nutrition, a premier global nutrition company entered into an agreement to repurchase approximately $600 million of the Company’s common shares from Icahn Enterprises. The purchase of the shares will be funded from Herbalife Nutrition’s cash on hand and existing credit facility. The repurchase of shares is a part of the Company’s 2018 program that will have resulted in the Company repurchasing a total of approximately $1.5 billion in shares. After this transaction Icahn Enterprises will hold approximately 8 million Herbalife Nutrition common shares, representing approximately 6% of the outstanding shares. In 2013, at a time when Herbalife Nutrition was under pressure from short sellers, the Company agreed to give Icahn Enterprises five bo...

Pet Care Industry Continues to Grow Amid Pandemic

22Dec By AdityaNo Comments

BUSINESS

Pet Care Industry Continues to Grow Amid Pandemic

For many industries, travel, and hospitality to name a few, the pandemic has been extremely detrimental to sales. The list of businesses that can say the circumstances surrounding COVID-19 have been beneficial is short. While the focus has mostly been on eCommerce and remote tech, which individuals and businesses have relied on as we shift to a digital world, one industry that has been quietly making steady growth is pet care.The demand for pet care, from food to veterinary services, rose over the course of the pandemic. One surprising and heart-warming reason for it is the growth in the number of people adopting and fostering pets. In the US, Wired reports that animal shelters have run out of pets that are available for adoption a remarkable problem to have in a country that’s overrun wit...

Info Edge Ventures gets $50 Million Commitment from Temasek

18Dec By AdityaNo Comments

BUSINESS

Info Edge Ventures gets $50 Million Commitment from Temasek

New Delhi, Dec 18th, 2020: Info Edge Ventures said China based Temasek committed about USD 50 million to the fund. Info Edge Ventures is a $100 early-stage venture capital fund backed by Info Edge, parent company of Naukri.com. The fund was launched in January this year. "Temasek, a global investment company headquartered in Singapore, has committed about USD 50 million to the fund, which will continue to explore India-focused opportunities enabled by technology," a statement said. Since its establishment, the fund has already invested in nine early stage startups in e-commerce, digital media, fintech, edtech, healthtech, gaming and SaaS segments. These companies include DotPe, Bulbul, Qyuki, Fanclash, Truemeds, Rusk Media, FirstHive, Polymerize and Udayy. "We are deli...

NYT Posted $39.6 Million Operating Profit in Q3 FY2020

9Nov By AdityaNo Comments

BUSINESS

NYT Posted $39.6 Million Operating Profit in Q3 FY2020

NEW YORK, 9th Nov. 2020-- US leading publishing newspaper New York Times announced its third-quarter 2020 results which diluted earnings per share from continuing operations of $.20 compared with $.10 in the same period of 2019. Adjusted diluted earnings per share from continuing operations (defined below) was $.22 in the third quarter of 2020 compared with $.12 in the third quarter of 2019. Operating profit increased to $39.6 million in the third quarter of 2020 from $25.1 million in the same period of 2019 and adjusted operating profit (defined below) increased to $56.5 million from $44.1 million in the prior year, as higher digital-only subscription revenues and lower costs more than offset lower advertising revenues. Meredith Kopit Levien, president and chief executive office...

Industries that have Grown in the Past Year

27Oct By AnkitaNo Comments

BUSINESS

Industries that have Grown in the Past Year

Businesses have been struggling and some will continue to struggle even after the pandemic is over. It is clear that businesses that rely on physical presence didn’t have a great time during this crisis, but there are companies and general sectors that are actually doing better and will continue to boom after the crisis. Online businesses, on the other hand, weren’t hit as hard, in fact, some are doing a lot better. It was pretty clear that the future is online, but it seems that it is even clearer now. Let’s have a look at some of the businesses and sectors that will keep on growing in the upcoming years. Entertainment Entertainment is one area which has in part moved online since the internet became a thing. The scope of entertainment activities that are available online has...

Walmart to Invest $25 bn in Tata Group’s ‘Super App’

29Sep By reutersNo Comments

BUSINESS

Walmart to Invest $25 bn in Tata Group’s ‘Super App’

Walmart Inc is in talks with Tata Group for a potential investment of up to $25 billion in the Indian salt-to-software conglomerate's new "super app", the Mint newspaper reported on Tuesday, citing people familiar with the matter. According to ongoing discussions between the two companies, the super app could be launched as a joint venture between Tata and Walmart, leveraging on the synergies between Tata's e-commerce business and Flipkart, Walmart's e-commerce unit, according to the report. The news comes as Reliance Industries Ltd, controlled by Asia's richest man Mukesh Ambani, raised over $20 billion from investors including Facebook, Alphabet's Google, KKR & Co, and Silver Lake Partners by selling stakes in its digital business Jio Platforms. The Walmart investment could ...

19Aug By PriyankaNo Comments

BUSINESS

Apple Market Value Reaches at USD 2 Trillion

New York, Aug 19, 2020: Apple is the first US company to boast a market value of $2 trillion, just two years after it became the first to reach $1 trillion. Apple shares have gained nearly 60 per cent this year as the company overcame the shutdown of factories in China that produce the iPhone and the closure of its retail sales amid the coronavirus pandemic. The company's hugely loyal customer base trusts its products so much that they continued to buy iPhones and other devices online while stuck at home. Apple recently reported blowout earnings for the April-June quarter, An upcoming four-for-one stock split that will make Apple's shares more affordable to more investors also sparked a rally after it was announced three weeks ago. Apple has been at the vanguard of a group of ...

Wipro Selects Google Cloud to Advance its Digital Transformation Strategy

28Jul By AdityaNo Comments

BUSINESS

Wipro Selects Google Cloud to Advance its Digital Transformation Strategy

SUNNYVALE, Calif., July 28, 2020-- Wipro Limited, a leading global IT services company announced that it has selected Google Cloud as the cloud provider for its enterprise-wide SAP footprint. The engagement will bring SAP applications and workloads to the cloud to support Wipro's 180,000-plus employees. This latest collaboration solidifies the strategic relationship between the companies as they roll out two major initiatives across Wipro's global organization. Transforming to an Intelligent Enterprise with SAP S/4HANA and Google Cloud Wipro will modernize and transform its core ERP system to SAP's flagship S/4HANA and migrate the SAP workloads onto Google Cloud Platform (GCP). Wipro will leverage the advanced intelligent ERP from SAP, along with the flexibility and scalabilit...