LiveIKEA Reports Record Sales Due To Price Hikes
On Thursday, Netherlands-based IKEA reported record-high annual sales due to price hikes and easing pandemic effects.Inter IKEA, the furniture giant’s franchiser, said that sales at...
Category : BUSINESS
Volkswagen to Invest $2.3 Billion in China Autonomous Driving Venture
On Thursday, Volkswagen said that its software unit Cariad will spend more than USD 2 billion and take a 60 per cent stake in a...
Barrick’s Q3 Gold Output Falls Sequentially
On Thursday, Barrick Gold Corp reported a drop in Q3 gold output from the previous quarter. It said it expects full-year gold production to be...
BlackRock Q3 Profit Beats as ETF Demand Holds Up Against Market Rout
On Thursday, BlackRock Inc posted a smaller-than-expected fall in quarterly profit as strong demand for exchange-traded funds (ETF) and other low-risk products cushioned the hit...
Edtech Firm Veranda Learning Solutions to Acquire JK Shah Education
Edtech company Veranda Learning Solutions said it had signed a definitive agreement to acquire JK Shah Education through its subsidiary Veranda XL Learning Solutions. The...
Car-Sharing Platform Zoomcar to Go Public Through SPAC Deal
According to people familiar with the matter, India-based car-sharing platform Zoomcar Inc has struck a deal to go public through a merger with blank-check company...
APSEZ Bags LOA For Developing Port in West Bengal
Adani Ports and Special Economic Zone (APSEZ) has received a letter of award (LoA) from West Bengal Industrial Development Corporation at Kolkata for developing a...
IHH Healthcare Began Discussion with SEBI Over Fortis Open Offer
Malaysia’s IHH Healthcare has started discussions with Indian authorities, including Sebi, to finalise its open offer for Fortis Healthcare, the Economic Times said on October...
PE Firm Vista to Acquire Cybersecurity Platform KnowBe4 for $4.5 Billion
Vista Equity Partners is in talks to acquire KnowBe4 (NASDAQ:KNBE) for USD 4.5 billion in a leveraged buyout. The said deal values KNBE shares at...
ByteDance Increases Price of Stock Option Buyback
ByteDance, TikTok’s Chinese owner, is starting a second stock option buyback for employees this year at a higher price than the previous one. This move...