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
QFPay secures US$20m in investment to expand digital payment solutions
QFPay, a China based mobile payment startup has reportedly received USD 20 million in the latest funding round, led by Sequoia Capital China and Matrix Partners, its existing investors. The round also witnessed participation from MDI Ventures (Indonesia), VentureSouq (Dubai) and Rakuten Capital (Jap... Read More
BP to invest Rs7,000 Cr to acquire 49% stake in RIL’s petro business
The new joint venture will include RIL’s aviation fuels business and retail service station networks across India. Reliance Industries Ltd., a multinational conglomerate company based in India, has recently announced that it would be forming a joint venture (JV) with UK’s multina... Read More
BlackRock seals massive deal over $870 million with Authentic Brands
BlackRock bought over a 30 per cent stake in Authentic Brands Group for USD 875 million. The deal values Authentic Brands around USD 4 billion to USD 4.5 billion, including the debt. New York based BlackRock reportedly announced that it has recently sealed a deal to become the lar... Read More
Lidl to first launch reusable fabric bags for loose fruits & veggies
The company emerges as the 1st retailer to launch a reusable bag for loose vegetables and fruits. The reusable bags are to be priced at 69p providing the choice of opting for thin single use plastic or 100% polyester, machine washable, bags. This initiative is upheld to cut down the use on si... Read More
Fox takes over Bob’s Burgers creator Bento Box to expand its portfolio
Fox Corp., an American television broadcasting company, has reportedly announced the acquisition of Bento Box Entertainment, an animation studio and creator of the popular sitcom Bob’s Burgers. Seemingly, the financial terms were not disclosed yet, while the acquisition was rumored to be at a ... Read More
Tesco announces nearly 4,500 job cuts as it overhauls Metro stores
Reports confirm that Tesco, the U.K. supermarket giant, has recently announced that around 4,500 jobs at 153 Tesco Metro stores are about to be lost as part of the firm’s recent round of redundancies. Apparently, the largest grocer in the UK stated that it is changing the way the stores operat... Read More
Temasek pours in USD 100M in pharma major Ascent Health and Wellness
Singaporean holding company Temasek is reportedly on the verge of finalizing a funding round in Ascent Health and Wellness. Sources claim that the equity financing round is close to a projected USD 100 million. The investment is a part of the many funding initiatives that are being undertaken by ... Read More
Vostok New Ventures pours in $71 million in Babylon Holdings
Babylon Holdings announces new investment cycle to fund product innovation and international expansion. Vostok New Ventures plans to invest over $71 million in the upcoming round. Bermuda based Vostok New Ventures Limited’s major holdings, Babylon Holdings Limited, reportedly announc... Read More
FIS acquires Worldpay Inc. to improve global technology position
Apparently, some former executives of Worldpay will be hired for key leadership roles at FIS. FIS has reportedly announced that it has closed acquisition of payments firm Worldpay, Inc. to enhance its global technology position serving banks, capital markets, and merchants. The com... Read More
Elasticsearch Service now available on Japan’s Google Cloud Platform
Elastic N.V. will focus on enabling its customers in Japan to adopt cloud computing. Elastic N.V., a search company that builds self-managed and SaaS offerings, has recently announced that its search engine Elasticsearch Service is now available in Tokyo. According to reports, the move would mark... Read More