Seoul/New Delhi, June 24 (IANS) South Korean underwear company Ssangbangwool said on Friday that it has submitted a bid for SsangYong Motor in the auction to find a new investor for the debt-laden carmaker. SsangYong’s lead manager, the EY Hanyoung accounting firm, received bids from interested companies for SsangYong and Ssangbangwool was the first identified…
Panaji, June 21 (IANS) Goa Chief Minister Pramod Sawant on Tuesday said that mining auctions are possible after two or three months, but only after disposing of matters of chartered accountants, SIT, and the violations. Sawant held a review meeting with the Chief Secretary and Director of Mines and Geology on the issue. Earlier, the…
New Delhi, June 21 (IANS) Cryptocurrency exchange Vauld on Tuesday said it has decided to reduce its headcount by about 30 per cent, as the global crypto market nosedives amid volatile market conditions. Darshan Bathija, Co-founder and CEO of Vauld platform, said that the workforce reduction impacts every team in the organisation “with a bias…
London, June 21 (IANS) The French competition watchdog on Tuesday said it has accepted the commitments from Google to settle the 500 million euro antitrust news licensing fine regarding paying local news publishers for displaying copyrighted content. France hit Google with a fine of 500 million in July last year euros after finding breaches in…
New Delhi, June 21 (IANS) Tesla and SpaceX CEO Elon Musk on Tuesday said that there are still a few “unresolved matters” with Twitter before he moves ahead with his $44 billion takeover deal. Addressing the Qatar Economic Forum organised by Bloomberg, the world’s richest man said that he is still waiting to know the…
New Delhi, June 21 (IANS) The Central Bureau of Investigation (CBI) has said that they have apprehended a Joint Drug Controller (JDC) of Central Drugs Standard Control Organisation (CDSCO) and the Director of a private company for allegedly demanding bribe to waive the Phase-3 trial of “Insulin Aspart Injection”. The accused JDC identified as E….
New Delhi, June 19 (IANS) The Ministry of Coal on Sunday said that as of June 16, coal production by Coal India Ltd (CIL) is 28 per cent more than its production last year in the same period. The domestic coal production target for the current financial year is 911 MT which is 17.2 per…
New Delhi, June 17 (IANS) Homegrown esports startup FanClash on Friday said it has raised $40 million in its Series B funding to expand its global footprint. Founded in mid-2020, FanClash recently expanded to the Philippines and aims to be a global leader in esports. The Series B funding round was led by Sequoia Capital…
New Delhi, June 16 (IANS) Homegrown social media company ShareChat on Thursday said it has closed a $520 million multi-tranche funding round, taking its valuation to $5 billion. In the funding round, ShareChat raised $255 million from Google, Times Group, and existing investors, adding to the $266 million it raised earlier in December 2021 from…
San Francisco, June 15 (IANS) Tech billionaire Bill Gates has said that he holds no position in cryptocurrencies or non-fungible tokens (NFTs), as they are “100 per cent based on greater fool theory”. The theory is a financial concept that even overpriced assets can make money as long as you find a bigger idiot to…
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