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Omicron specific COVID vaccine gets a clinical trial nod in Hong Kong
Sinovac Biotech and Sinopharm subsidiary have recently announced that their COVID-19 vaccine candidate developed specifically to target the Omicron type has been approved for clinical studies in Hong Kong. It is worth noting that scientists from across the globe are rushing to develop enhanced va... Read More
Airbus asks EU leaders to hold back on Russian titanium sanctions
Airbus SE has reportedly urged European leaders to refrain from imposing titanium sanctions on Russia, stating that a ban would have a substantial impact on the aerospace sector and would barely affect Russia’s economy. At an annual stakeholder meeting, Airbus CEO Guillaume Faury stated tha... Read More
Fintech Voyager is now worth USD 1 Bn following a USD 210 Mn funding
The company serves over 47 million people worldwide through its consumer platform. Voyager had managed to raise USD 167 million for its expansion program led by World Bank Group’s IFC in June last year. Philippine fintech startup Voyager Innovation Inc. has reportedly secured USD 210... Read More
Chinese oil major CNOOC planning to secure USD 4.4 Bn in Shanghai IPO
CNOOC Ltd., China’s major offshore oil producer, is reportedly planning to raise around USD 4.4 billion (28.08 billion yuan) during its stock market debut in Shanghai, marking it as one of the largest public offerings in mainland China. In a sales prospectus, the company stated that the fun... Read More
GoTo’s debut shows boon for tech giant with 23% surge in share value
GoTo Group, Indonesia's largest technology company, has witnessed a 23% increase in its share value after raising USD 1.1 billion in one of the largest IPOs across the globe. Sources claimed that GoTo's stock price increased to a high of USD 0.090 from its initial offer price of USD 0.024... Read More
Fetch Rewards raises USD 240 Mn in a funding round led by Hamilton Lane
Fetch Rewards, a shopping reward points app has reportedly raised USD 240 million in debt and equity funding, valuing the company at nearly USD 2.5 billion. The latest round of financing was led by existing investors ICONIC Capital, DST Global, and Vision Fund 2 in collaboration with new investor... Read More
IKEA buys solar park projects worth USD 373 Mn in Germany & Spain
The estimated output would be sufficient to cover all stores and warehouses of IKEA in the two countries. IKEA further wants to reduce greenhouse gas emissions by more than its entire value chain emits. Ingka Group, which operates most of the IKEA shops globally, has reportedly spent a tot... Read More
ZirooPay bags USD 11.4 Mn in funding to expand its mobile POS services
ZirooPay, a POS service provider firm reportedly conducted a Series A fundraising round led by Zrosk Investment Management, in which it raised USD 11.4 million. The latest round also saw participation from existing investors Exotix Advisory, Nordic venture fund, Inventure, and Fedha Capital. Acco... Read More
ReNew, L&T, IOC team up to establish a green hydrogen sector in India
The government-owned Indian Oil Corporation (IOC), engineering conglomerate Larsen & Toubro (L&T), and renewable energy player ReNew are reportedly collaborating to develop a green hydrogen sector in India. According to sources close to the situation, India is aiming to produce up to 5 mi... Read More
Indian Oil to invest USD 111 Mn to expand its POL storage capacity
Indian Oil Corporation has announced that it will invest roughly USD 111 million to extend its petroleum, oil, and lubricant (POL)storage capacities in the Northeast, including the construction of a greenfield facility. G Ramesh, Executive Director of Indian Oil Corporation, stated that the compa... Read More