MARKET TRENDING NEWS

London's efforts towards making its stock market a lucrative option for fast-growing tech firms to compete with New York counterpart is reportedly facing setbacks due to low trading volumes and some high-value IPOs falling flat. Over the past week, Britain introduced new rules that made listi... Read More

U.S. and Nigeria-based firm TradeDepot, which connects consumer goods brands to various retailers and supports distribution, has reportedly raised USD 110 million in Series B round in the form of equity and debt capital to onboard more retail stores and extend its buy now pay later (BNPL) service in... Read More

Alibaba will establish two new units for its domestic and international e-commerce operations. Toby Xu, the company's deputy CFO, will take over current CFO Maggie Wu in April. Alibaba Group Holding Ltd. recently announced the restructuring of its foreign and domestic e-commerce divisi... Read More

Chief Financial Officer of General Motors Co., Paul Jacobson, reportedly stated that the carmaker expects full-year adjusted pre-tax profits to be around USD 14 billion, higher than the previous prediction of USD 11.5 billion to USD 13.5 billion. Strong consumer demand, high vehicle prices, and s... Read More

International airlines are reportedly preparing to combat the emerging threat posed by the new variant of coronavirus, Omicron, which might compel them to modify destinations and schedules on short notice and gravitate more towards domestic markets. Although many passengers have already booked tr... Read More

South Korean biopharma company Celltrion has reportedly signed agreements with nine European countries to provide Regkirona (regdanvimab), a monoclonal antibody therapy for COVID-19. The European Commission in November granted the drug marketing authorization for adults infected with the virus wh... Read More

American tech giant Amazon.com Inc. has reportedly approached India’s antitrust regulator CCI (Competition Commission of India) seeking withdrawal of its approval for Future Retail Ltd.’s (FRL) USD 3.4 billion sales of retail assets to Reliance Industries Ltd. (RIL). The e-commerce gi... Read More

Tesla Inc. is reportedly set to begin production at its factory in Berlin, Germany from next month. The EV giant will commence the manufacturing process with around 30,000 electric vehicles. It is to be noted that the company was expected to begin production in July this year, but the process was... Read More

BlackRock is the first non-automotive shareholder to invest in Ionity. The funding will help in increasing the number of charging points in Europe to over 7000 by 2025. BlackRock, a multinational investment manager, has recently joined electric vehicle (EV) charging network venture Ionity ... Read More

Cloud-based software-as-a-service provider CoreStack has reportedly raised USD 30 million in a Series B round, making it the latest cloud technology startup to receive significant funding in the Seattle area, home to giants like Amazon and Microsoft. The funding round was led by investment firm A... Read More