Azentio Software (Azentio), a Singapore-based software products company, has confirmed signing a binding agreement to acquire some of the software assets from Path Solutions, a leading provider of core banking software (including the flagship products iMAL™, Path Digital, iShraq™ and Path Analytics).
The deal is subject to customary closing conditions and is depending on receiving necessary regulatory approvals.
With this acquisition, Azentio will strengthen its banking portfolio by the addition of complementary core banking software capabilities and a full range of next-generation solutions aimed at Islamic banks and financ
RNSEL (Reliance New Energy Solar Ltd.), a sub-division wholly owned by Reliance Industries, along with strategic investors such as Bill Gates, Paulson & Co., and others, have recently devised plans to invest $144 million in U.S-based energy storage company, Ambri Inc.
The investment will be used to assist the energy firm to develop and expand its long-term energy storage solutions business around the world. In addition, RNESL will invest $50 million in Ambri to purchase 42.3 million preferred stock shares.
Reliance believes that Ambri's energy storage systems that is based on its patented technology and designed to last between
ReNew Power, one of India’s largest renewable energy company by operational capacity, is all set to invest over $1.2 billion in establishing a 1.3 GW hybrid RE (renewable energy) project that will provide round the clock (RTC) clean energy supply in the country.
As per reports, ReNew would build the whole project capacity in three states, namely Karnataka, Maharashtra, and Rajasthan. The hybrid capacity will include 0.9 GW of wind power, 0.4 GW of solar power, and comparable battery storage.
The project was won by ReNew Power in a tender issued by SECI (Solar Energy Corporation of India) in May 2020 at a proposed tariff rate of Rs
Well-known private sports association, La Liga has reportedly agreed to a €2.7bn deal with private equity frontrunner, CVC, in a bid to involve the latter in running a large European football league for the first time.
Sources close to La Liga, which looks after the top two divisions of Spanish football, have disclosed that it would create a new business in order to take authority of most of the activities, in which CVC Capital Partners would account for a 10% stake.
Apparently, the deal would value La Liga at around €24.3bn. Meanwhile, Clubs would acquire nearly 90% of funds from CVC’s investment, which is inclusive of
U.S. computer software security firm, McAfee Enterprise has unveiled its new integrated solution ‘MVISION Private Access’ that empowers granular "Zero Trust" access and expands threat and data protection capabilities to private apps hosted on hybrid IT environments.
As the COVID-19 pandemic eases in some areas, several companies have started to expand their remote working options. The traditional office ecosystem has now changed to a hybrid work environment, in which employees increasingly rely on the cloud for high-speed, moderate data access and smooth collaboration.
Christopher Rodriguez, Research Director, IDC
Major vaccine makers- Pfizer and Moderna Inc. have reportedly increased the price of their coronavirus vaccine doses in their supply contracts with the European Union. As per reliable sources, the revised price for Pfizer’s COVID-19 vaccine has now raised to 19.50 euros from its earlier price tag of 15.50 euros.
On the other hand, the cost of Moderna’s vaccine is now 21.46 euros for a single dose, where the contract showcases an increase from nearly 19 euros during the first procurement deal which is lower than the earlier agreed 23.98 euros.
Notably, the terms of the deal that were inked in 2021 and covered dosage up to 2.1
OTT content platform and production company Netflix has recently announced its decision to mandate vaccinations for the cast & crew of all its productions in the United States. With this move, Netflix has become the first major studio in Hollywood to implement such a policy across all productions.
Individuals covered by the vaccination mandate include the entire cast as well as any crew coming into contact with them. Staff in this category, also known as Zone A workers, will be required to present proof of vaccination, according to sources with knowledge of the matter.
Exceptions to the mandate, although rare, could be in the form o
Spinn, a U.S-based coffee subscription firm, has successfully raised USD 20 million in a recent funding round led by Spark Capital, Alexa Fund by Amazon, Bar 9 Ventures, as well as its existing investors. With this new investment, the company plans to steer growth and further the development of its patented coffee brewing technology along with ensuring the delivery of outstanding pre-orders.
Roderick de Rode, CEO of Spinn, commented that companies such as Spark, Bar 9, and the Alex Fund showcase some of the most notable track records in connected devices, consumer products, and coffee market investing. The recent funding along with their expertise will be a key growth fact
Indonesia has recently witnessed a spike in COVID-19 related deaths, especially among children below the age of 5 years. The fatality rate in Indonesia is currently higher than any other country and contradicts the concept that children are in little danger from COVID-19.
According to sources, the surge in child fatalities corresponds to the spread of the delta variant in Southeast Asia, where vaccination rates are low, leading to record outbreaks in Myanmar, Thailand, Malaysia, Vietnam, and Indonesia.
Indonesia, the world's fourth-most populated country, surpassed India and Brazil in the number of daily cases this month, becoming t