About Author
Pankaj Singh
Endowed with a post graduate degree in management and finance, Pankaj Singh has been a part of the online content domain for quite a while. Having worked previously as a U.K. insurance underwriter for two years, he now writes articles for fractovia.org and other online portals. He can be contacted at- [email protected] | https://twitter.com/PankajSingh2605
Contribution by Pankaj Singh
Barclays faces a USD 592 Mn loss on mishandled structured product sales
British multinational universal bank, Barclays has reportedly disclosed losses worth USD 592 million that were caused by mishandling of structured product sales and stated that these developments would delay a previously planned share buyback program. For the unversed, structured notes are compli... Read More
Temasek to join Mohalla Tech’s funding round at USD 5 Bn valuation
Mohalla Tech is in early talks for a Series H funding with Temasek Holdings and Times Internet Ltd. Google might also join the fundraiser. India's Mohalla Tech Pvt, the company that built ‘Moj’, a short video app and social media platform ShareChat is reportedly seeking to ... Read More
Occidental seeks to invest USD 1 billion in new clean energy facility
Occidental Petroleum Corp. has reportedly laid out plans to further its clean energy transition efforts, by investing USD 800 million and USD 1 billion on a plant that will eliminate carbon dioxide from the air. The proposed facility, which will become the largest direct air capture (DAC) project... Read More
Alphabet Inc.’s quantum computing arm Sandbox AQ becomes independent
Google’s parent Alphabet Inc. has reportedly spun off its quantum tech startup Sandbox AQ to make it independent, to offer quantum computing software and artificial intelligence (AI) services to its clients. Founded in 2016 by Chief Executive Officer Jack Hidary, Sandbox stemmed from its pa... Read More
Tesla's German Gigafactory begins production after several delays
The first batch of 30 Model Y automobiles built at Tesla's USD 5.5 billion worth Gruenheide plant has reportedly been delivered to its clients. The new unit marks the inauguration of Tesla’s first manufacturing hub on the European continent. The ceremony was attended by Tesla CEO, Elon ... Read More
Glenmark Pharma receives U.S. FDA approval for lacosamide tablets
Glenmark Pharmaceuticals Inc. has announced that the U.S. Food and Drug Administration has granted final authorization for its lacosamide tablets. For those unaware, lacosamide tablets are a generic substitute for Vimpat tablets, which are used to treat partial-onset seizures in adults as well as... Read More
US FDA approves new cancer immunotherapy treatment from Bristol Myers
Bristol-Myers Squibb Co. has announced that its first drug from a new portfolio of cancer immunotherapies has reportedly been approved as an initial treatment for advanced melanoma, which is known as the deadliest form of skin cancer. The firm expects the treatment to generate annual sales of mor... Read More
UK government to remove all COVID-19 international travel restrictions
The UK government has announced that it will lift all remaining COVID-19 pandemic-related international travel curbs starting this Friday, including the requirement for visitors to fill out a passenger locator form before entering the country. Arrivals into the UK won’t have to take a COVID... Read More
Mobility fintech startup Moove raises USD 105 Mn in Series A2 funding
Moove, an Africa-based mobility fintech has reportedly raised USD 105 million in the latest series A2 funding round. The firm offers vehicle financing to drivers on Uber as well as other ride-hailing platforms like gig networks. This round was led by existing investors Left Lane Capital, Speedinv... Read More
U.S. Govt pressured by patients with Alzheimer’s to pay for Biogen drug
Several patient groups have reportedly been joining hands to form a public pressure campaign to compel the U.S. government authorities to ease the proposed restrictions on new Alzheimer’s treatments, shelling out millions of dollars on local and television advertisements that began broadcastin... Read More