American electric vehicle manufacturer Lucid Group Inc has reportedly planned to build its first plant outside the United States in Saudi Arabia. The manufacturing plant will have the capacity to m
Candle Media to acquire media company ATTN: for USD 100 Million
Media company Candle Media has reportedly planned to acquire ATTN: a Los Angeles-based media company for USD 100 million in stock and cash. Credible sources reveal that the deal could be worth USD
Mamaearth parent HCPL buys majority stakes in skincare biz Dr. Sheth’s
Honasa Consumer Pvt. Ltd. (HCPL), the parent company of Mamaearth, has recently acquired a huge stake in well-renowned skincare brand Dr. Sheth’s at a valuation of $3.6 million. According to
US at a high risk of recession, warns Goldman Sach’s Senior Chairman
Lloyd Blankfein, the Senior Chairman of Goldman Sachs, has urged US consumers and companies to be prepared for a recession, saying that there is a “very, very high risk”. In an interview,
Reliance to acquire several brands to build its $6.5B consumer goods biz
Reliance Industries, an Indian multinational conglomerate, is planning to build a portfolio of 50-60 personal care, grocery, and household brands within six months and hiring a fleet of distributors t
Twitter fires two top execs, freezes hiring ahead of Musk’s takeover
Social networking giant Twitter has reportedly fired two of its top managers and halted hiring as part of an efficiency drive as the company prepares for its $44 billion planned takeover by Tesla CEO
BT and Warner Bros. Discovery to unveil sports venture in Ireland & UK
Mass media giant Warner Bros. Discovery Inc and telecom behemoth BT Group plc have reportedly unveiled a premium sports venture in Ireland and the United Kingdom. The strategic 50-50 joint venture
EA Sports and FIFA end video game partnership after three decades
FIFA, the global governing body of soccer, and video-game maker EA (Electronic Arts) have reportedly ended their three-decade-long partnership. Considered to be one of the most successful partnership
Rivian stock plummets as Ford sells 8 million shares in the company
Rivian’s stock prices hit extreme lows reporting a 72% drop this year Previously Ford accounted for a total of 102 million shares in the EV maker Speculations have affected Rivian shares,
IIT-M, POWERGRID to offer scholarship to financially weak students
The Indian Institute of Technology of Madras (IIT-M) has recently announced that it is collaborating with the Power Grid Company of India to introduce a scholarship program for B. Tech (Bachelor of Te
Chinese gaming giant NetEase unveils first gaming studio in US
Chinese internet tech major NetEase, Inc. has reportedly opened its first wholly-owned gaming studio in the USA, called Jackalope Games, in a move designed to drive its international expansion in face
Ceros expands its partner ecosystem with Showpad and Highspot
Ceros, an experimental content creation platform, has recently entered a partnership with Highspot and Showpad, leading sales enablement vendors. This expansion of the partner ecosystem is geared towa