RELX enters KSA distribution partnership with SAF Trading Agencies
RELX International has reportedly partnered with SAF Trading Agencies for the exclusive distribution of RELX e-liquid nicotine products and e-cigarette devices across the Kingdom of Saudi Arabia. Fouad Barakat, the General Manager of RELX Internat....
Sony Group unit to acquire majority stake in India’s Zee Entertainment
Sony Pictures Networks India has reportedly agreed to acquire Zee Entertainment. If this deal materializes, it will bring together two of the biggest broadcasters in India that operate large-scale cable television networks, music labels, streaming se....
Emirates, Air Canada, Air India and others to resume Toronto flights
Air Canada has reportedly recommenced all flight operations in India, after a long halt of four months owing to the life-threatening second wave of COVID-19. Along with this, other airlines have also restarted their flights between Canada and India, ....
HDFC Bank collaborates with Paytm to unveil co-branded credit cards
HDFC Bank Limited has reportedly established a partnership with the online payment platform Paytm to launch a range of VISA-powered credit cards. The collaboration aims at providing a range of services across consumer segments, with a primary focus o....
WISeKey signs MoUs with Governments of Gibraltar and La Línea
Leading global AI, cybersecurity, IoT, and Blockchain company WISeKey International Holding Ltd has reportedly inked two Memoranda of Understanding (MoUs) with Mr. Juan Franco, the Mayor of La Línea de la Concepción, and Mr. Fabian Pica....
Monzo plans to enter BNPL market with its new Monzo Flex product
Monzo, the UK-based online bank, is reportedly planning to make its entry into the ‘buy now, pay later’ market, offering credit limits of over $4,137 (£3,000) to customers in the region. The digital bank, which has above 5 millio....
Gaming company MPL becomes a unicorn with USD 2.3 Bn valuation
Skill gaming and Esports app MPL (Mobile Premier League) has reportedly become the latest unicorn in India, with a valuation of USD 2.3 billion owing to a Series E funding round. The round was initiated by Legatum Capital with current investors SIG, ....
Hero Electric partners with Massive Mobility to deploy 10K EV chargers
The largest two-wheeler electric vehicle manufacturer of India, Hero Electric, has reportedly announced a partnership with Massive Mobility to deploy 10,000 EV chargers for two-wheelers across the country. This move comes in a bid to widen its chargi....
Prospection raises USD 45 Mn in a Series B round to expedite growth
Prospection, a global healthcare data technology firm, has reportedly secured a Series B round of USD 45 million from institutional investors, initiated by new investors Ellerston JAADE. Current investors Horizons Ventures and Main Sequence also took....
Tech giant Olympus Corp. impacted by ransomware group BlackMatter
Japan-based Olympus Corp. is reportedly looking into a latest possible cybersecurity incident affecting the company’s computer network in Africa, Middle East, and Europe. The company, in a statement, mentioned that it detected some suspicious a....
IRCTC to unveil India’s first luxury cruise liner starting Sept 18
The IRCTC (Indian Railway Catering and Tourism Corporation) will reportedly commence the operations of the first Indian cruise liner starting September 18. The first cruise will be launched in collaboration with private company Cordelia Cruises, and ....
Deutsche Telekom inches closer to sale of Dutch unit for USD 5.9 Bn
German telecom company Deutsche Telekom AG is reportedly nearing a deal with the private equity consortium of Apax Partners and Warburg Pincus to divest its Dutch unit. The consortium is set to buy T-Mobile Netherlands for around USD 6.1 billion from....
Research company IHL Group collaborates with Content Catalyst
Hospitality and research firm IHL Group has reportedly announced a partnership with tech provider Content Catalyst Ltd. to unveil an interactive platform for subscribers using Publish Interactive, a leading content delivery service. IHL, a Tenness....
Edtech startup Unacademy unveils ESOPs buyback worth USD 10.5 Million
Edtech company Unacademy has reportedly announced its largest employee stock ownership plan (ESOP) buyback strategy worth USD 10.5 million for its educators and team members. The Co-Founder of Unacademy, Roman Saini, mentioned that it was the largest....
Apollo Global Management successfully acquires Yahoo for USD 5 Billion
Private equity company Apollo Global Management has reportedly announced the acquisition of Yahoo, previously known as Verizon Media Group from Verizon. The deal is stipulated to be worth USD 5 billion, with preferred interests of USD 750 million and....
Google Pay might soon allow Indian users to open fixed deposits
Digital wallet platform Google Pay is reportedly planning to allow Indian users to open fixed deposits. This move comes along the heels of Google’s latest collaboration with Indian fintech company Setu. Google Pay is one of the most used dig....
Shoppers Stop sells Crossword Bookstores to Agarwal Business House
Departmental store chain Shoppers Stop has reportedly sold Crossword Bookstores Ltd., its wholly-owned subsidiary, to Agarwal Business House (ABH), the chain’s Pune-based franchisee, at a business valuation of Rs 41.62 crore. The company has....
L&T Finance in advanced talks with HSBC to sell its mutual fund arm
L&T Finance Holdings Limited has reportedly held talks with major financial services company HSBC about selling its mutual fund business. In 2020, private equity company Blackstone also had talks with L&T Finance to purchase its mutual fun....
Oceania Cruises restarts sailing for first time in almost 18 months
The world’s leading destination- and culinary- focused cruise line, Oceania Cruises, has reportedly resumed sailing for the first time in over 524 days. Marina, the first ship from Oceania Cruises to restart sailing on August 29, is also the fi....
IT ministry signs MoU with Paytm to bolster deep-tech startups
Ministry of Electronics and IT Startup Hub (MeitY) has reportedly inked an MoU (Memorandum of Understanding) with Paytm to bolster deep tech startups. The partnership is aimed at upscaling deep-tech startups, by offering access to knowledge series, p....
Prime Venture Partners announce USD 100 million Fund IV round
Investment company Prime Venture Partners has reportedly announced a USD 100 million Fund IV round with the first closure of USD 75 million, or Rs 556 crore. The company raised USD 8 million in its first funding round in 2012, USD 46 million in the s....