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Infosys Loses $1.5 Billion AI Contract Signed Just Months Ago

The world’s largest IT company, Infosys, shocked everyone on December 23 when it announced the cancellation of a $1.5 billion artificial intelligence contract. With more questions than answers, this transaction…
Posted by cepat December 23, 2023
Posted inMarket

CYVN Takes 20% Stake in Nio with $2.2 Billion Investment, Targeting EV Market Share

In a significant development for the electric vehicle (EV) industry, Chinese EV maker Nio has recently secured a substantial $2.2 billion investment from CYVN Holdings of Abu Dhabi. This investment…
Posted by cepat December 19, 2023
Posted inStartup

Walmart’s Q3 Growth Impacted by Delayed Big Billion Days Sale on Flipkart Challenges in India Operations

Walmart, the retail giant, faced a somewhat subdued third quarter in its India operations, citing the delayed festive season as a dampener on festivities. The Q3 financial results, released on…
Posted by cepat November 17, 2023
Posted inMarket

Apple’s €13 Billion Tax Controversy Faces CJEU Review

In a surprising twist, Giovanni Pitruzzella, the advocate general of the Court of Justice of the European Union (CJEU), is pushing for a reassessment of the 2020 ruling. This spared…
Posted by cepat November 12, 2023
Posted inMarket

Billionaire Ron Baron says SpaceX will be worth about $500 billion by 2030

One business, SpaceX, the brainchild of the unstoppable Elon Musk, has been making waves and surpassing expectations in the vastness of space. Settle in for an exciting ride as we…
Posted by cepat November 12, 2023
Posted inMarket

Byju’s Loses One Of Its Units To Lenders After $1.2 Billion Loan Default

In a recent legal development, Byju’s, once hailed as one of India’s hottest tech startups in the education technology sector, is facing a significant challenge as lenders, including Redwood Investments…
Posted by cepat November 10, 2023
Posted inMarket

MedAlliance and Cordis Join Forces in Landmark Medical Innovation Deal Swiss-based MedTech Company, MedAlliance, Acquired by Cordis for USD 1.135 Billion

In a groundbreaking move that promises to reshape the medical landscape in India and beyond, Cordis has acquired MedAlliance, a Swiss-based medical technology company, in a transaction valued at USD…
Posted by cepat November 8, 2023
Posted inMarket

Hilton Grand to buy Bluegreen Vacations in $1.5 billion deal

In the dynamic world of travel and vacation, change is the name of the game. On November 6, 2023, Hilton Grand Vacations (HGV) dropped a bombshell by announcing its plan…
Posted by cepat November 7, 2023
Posted inMarket

Amazon made $1 billion through secret price raising algorithm -FTC

In the world of online retailers, Amazon is a trillion-dollar giant. Yet, the Federal Trade Commission (FTC) raised alarming allegations about the company’s business practices which prompted inquiry of the…
Posted by cepat November 2, 2023
Posted inStartup

Disney to Buy remaining stake in Hulu for $8.6 billion Disney's Purchase of Comcast's Share in Hulu

Disney’s recent announcement of its intent to acquire Comcast’s stake in Hulu for $8.6 billion represents a significant development in the streaming industry. The deal, slated for completion later this year,…
Posted by cepat November 2, 2023

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