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Singapore’s Appboxo raises USD 7 Million in a Series A funding round
Singapore-based app-making platform Appboxo recently announced to have raised USD 7 million in a Series A funding round that was led by RTP Global. The investment round also saw participation from existing investors 500 Southeast Asia, and Antler; angel investors Kayvon Deldar, and Huey Lin; along w... Read More
Rolls-Royce planning to launch a small fully electric aircraft by 2025
Rolls- Royce’s aerospace division is reportedly working on a fully electric aircraft that is likely to launch within three to five years. Confirming the news, Rolls-Royce Director Rob Watson claimed that the first commercial deployment of P-Volt, which will have a power output of 600-kilowa... Read More
Glance raises $200 Mn from Jio Platforms; partners with Reliance Retail
Glance, InMobi's AI-powered lock-screen platform, announced on Monday that it has reached an agreement with Reliance Industries' Jio Platforms Limited to raise USD 200 million in its Series D fundraising round. The start-up has also formed a partnership with Reliance Retail to provide Gla... Read More
Jio and SES partner to provide low-cost broadband services in India
Jio Platforms Ltd. and satellite-based content connectivity solutions provider SES have recently announced a joint venture coined Jio Space Technology Ltd., to deliver high performance, affordable, and scalable satellite-based broadband services in India. SES and JPL will have 49% and 51% stakes in ... Read More
Reddit launches a web version of its live audio product Reddit talk
Reddit is reportedly expanding its live audio conversation product, Reddit Talk by introducing additional features aimed at increasing engagement, following the launch of its Clubhouse clone in April last year. The new features include web compatibility, recordings of previous sessions, live comment... Read More
CVS sees COVID vaccine business drop up to 80% in 2022 as demand fades
Despite beating analyst expectations of Q4 earnings, CVS Health Corp reportedly left its 2022 earnings forecast unchanged as it anticipates the number of vaccines administered across its drugstores to witness a 70% to 80% decline this year. CVS reportedly administered COVID-19 vaccine booster dos... Read More
Facebook wins approval for Giphy acquisition deal from Austrian court
Facebook in its effort to expand its Instagram business bought animated images platform Giphy for USD 315 million in 2020. The UK competition regulator wanted the deal to be reversed over concerns of market monopoly. However, an Austrian count recently approved Giphy ‘s acquisition in what app... Read More
Frontier, Spirit merge to become the fifth largest airline in the U.S.
Frontier Group Holdings and Spirit Airlines recently announced a merger agreement which will result in the creation of one of the most competitive ultra-low fare airlines in the United States. Together, Spirit and Frontier expect to change the industry for consumers, introducing ultra-low fares t... Read More
James Hardie anticipates higher profit as U.S. housing sales soars
In view of the North America housing boom, leading producer and marketer of high-performance fiber cement and fiber gypsum building solutions, James Hardie, reportedly revised its annual profit forecast for the fourth time this fiscal year and is anticipating even higher revenue next year. It is ... Read More
ARENA invests USD 450,000 in eleXsys Energy’s DER innovation device
The ARENA (Australian Renewable Energy Agency) has reportedly invested USD 451,000 in power electronics firm eleXsys Energy to support the Brisbane-based company’s new distributed energy resources (DER) device that can potentially be connected to the grid. eleXsys Energy’s new technol... Read More