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
Octopus Energy Group raises USD 550 Million for global expansion
British renewable energy group Octopus Energy Group has reportedly raised USD 550 million to expand its support for renewables, enhance its energy technology platform, and grow its business. The company intends to use the proceeds to improve the energy tech platform Kraken and invest in solutions... Read More
GCMD-led consortium pledges $18 Mn for green marine fuel supply chain
The GCMD (Global Centre for Maritime Decarbonisation), along with 18 other industry partners, is reportedly unveiling a drop-in biofuels trial project with a total contribution of USD 18 million. This combined cash and in-kind contribution will help in setting up a structure to ensure the supply ... Read More
Mahindra announces collaboration with Qualcomm for new Scorpio-N
Mahindra & Mahindra is reportedly teaming up with chip manufacturer Qualcomm to introduce latest tech advancements in its all-new Scorpio-N vehicle. The chip manufacturer will collaborate with automotive electronics firm Visteon Corporation to introduce transformative, world-class in-vehicle ... Read More
Low-cost carrier Ryanair logs USD 174 Mn in profits in latest quarter
This is the company's first profit in three years since the onset of the pandemic. Ryanair claims to have carried 45.5 million travelers in these three months, a five-fold increase from the first quarter of last year. Ryanair DAC, one of Europe's largest budget airliners, has repor... Read More
Death toll in Australia marks a new high amidst spike in Omicron cases
Australia recently reported one of the highest daily death tolls because of COVID-19 and its variants, with hospital admissions reaching record levels as authorities battle to stay ahead of extremely contagious Omicron strains. For those unaware, The BA.4 and BA.5 variants have been responsible f... Read More
Didi to end its turbulent year by paying a USD 1 billion fine to China
Didi Chuxing Technology Co., the Chinese ride-hailing juggernaut, that has been subjected to a year of compliance overhaul, is reportedly facing a fine of nearly USD 1.28 billion, which accounts for approximately 4.7 percent of Didi's USD 25.73 billion sales from the year before. In addition ... Read More
SoftBank holds off plans for Arm’s London IPO amid political unrest
Multinational conglomerate SoftBank Group Corp. has indefinitely halted its plans for the initial public offering (IPO) of British chip technology company Arm Ltd. in London amidst growing political turmoil in the U.K. For the uninitiated, Arm Ltd. provides intellectual property in chips that inf... Read More
Samsung Biologics to build its second Biocampus in Icheon, South Korea
Samsung Biologics Co. Ltd., a leading biotechnology company in South Korea, recently released a statement claiming that it has successfully entered a partnership deal with the Icheon metropolitan city to procure space for constructing a second Biocampus in the area. Sources claimed that the contr... Read More
Rolls Royce will commence prototype trials of UltraFan engine this year
A spokesperson from Rolls-Royce Holdings plc has recently confirmed that the British company will soon begin tests on the prototype of its latest UltraFan engine, which is also dubbed the world’s largest turbofan in recent years. Furthermore, industry experts have stated that the engine has... Read More
U.S.-based crypto lending firm Celsius Networks files for bankruptcy
Celsius Network LLC, the cryptocurrency loan company has reportedly declared bankruptcy. Following the collapse of the popular algorithmic stablecoin TerraUSD as well as a drop in cryptocurrency prices, the crypto lending company has crumpled relatively quickly in the past few months. Recently, C... Read More