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Amylyx Pharmaceuticals bags first approval for ALS drug from Canada
Amylyx Pharmaceuticals recently announced that Canada has approved ‘Albrioza’, its treatment for neurodegenerative disease amyotrophic lateral sclerosis (ALS). This is considered to be the first certification for oral medicine given by Canada. The combination of orally active chemical... Read More
Tesla secures USD 4 billion worth deal with Samsung to supply cameras
As per reliable sources, U.S. automotive giant Tesla Inc. has secured a deal worth USD 4 billion with Samsung Electronics Co. Ltd. to supply cameras for the EV automaker's self-driving systems. Samsung has successfully edged out Primax Electronics Ltd. and LG Innotek Co. Ltd. for this co... Read More
Fintech firm Kissht bags USD 80 million to enter challenger card space
Kissht, a fintech organization, has reportedly raised USD 80 million in the latest funding round that was spearheaded by Brunei Investment Agency and Vertex growth. The round also saw participation from existing investors such as Endiya Partners and Vertex Ventures SEA India, now valuing Kissht at U... Read More
Blackberry to power new intelligent cockpit for Renault-Jiangling EV
BlackBerry Limited is reportedly working with BDStar Intelligent & Connected Vehicle Technology Co., Ltd. (BICV) on an intelligent cockpit for the first fully electric sedan named "Yi," which is being manufactured in a strategic alliance between Groupe Renault and Jiangling Motors Corp... Read More
Meesho looking to reach 1.2 Bn shipments through third-party logistics
Online Indian shopping platform, Meesho is reportedly planning to become the largest e-commerce player as per shipments volume via 3PL (third-party logistics) providers. Sources claimed that in the financial year 2022-2023, Meesho is expected to double its shipments through 3PL operators to over ... Read More
JetBlue’s new offer expected to heat up bidding war for Spirit Airlines
JetBlue Airways Corporation has reportedly ramped up its bid to acquire low-cost carrier Spirit Airlines, Inc., sparking a bidding war with Frontier Group Holdings, Inc. Spirit had dismissed JetBlue's offer earlier this month, claiming that it had little probability of receiving approval from... Read More
Tata Motors planning to go on a hiring spree to reinforce R&D efforts
Tata Motors is reportedly planning to go on a hiring spree to level up its electric vehicle and other business operations. According to a spokesperson, the automotive firm is also upgrading its existing engineers for the same reason as the company looks to scale up its proficiency in vehicle archite... Read More
HSBC Holdings likely to invest USD 448 million in Chinese operations
HSBC Holdings plc is reportedly planning to invest around USD 448 million in its China operations. The British multinational bank has claimed that while the economy is going through challenging times, it is also likely to emerge as a massive investment avenue in the coming years. It is worth noti... Read More
Credit Suisse to boost capital to nearly USD 1.04 billion amidst losses
Credit Suisse is reportedly considering viable alternatives to ramp up its capital to nearly USD 1.04 billion following recurring losses that have caused financial turmoil for the business. Sources claim that the cash inflow will help the bank avoid billions of dollars in losses in 2021 because o... Read More
SUGAR Cosmetics secures USD 50 Mn in L Catterton-led Series D funding
SUGAR Cosmetics, India’s largest omnichannel beauty company, has reportedly raised USD 50 million in a Series D funding round that was led by L Catterton’s Asian fund, a consumer-focused private equity firm, and also saw participation from existing investors such as Elevation Capital, A9... Read More