Business

EU Food Delivery Stocks Makes a Comeback; Just Eat Leads!

21Aug

By Linda AshokNo Comments

Business, Europe

EU Food Delivery Stocks Makes a Comeback; Just Eat Leads!

Food delivery in the European stock market is making a comeback. Food delivery stocks such as Delivery Hero SE (ETR: DHER) and Just Eat Takeaway.com NV (LON: JET) appear to be the highest gainers in Stoxx Europe 600 Index in Q2 as companies. Expectations have been buoyed by the surge in the belief that central banks will not excessively raise interest rates to curb inflation. Since June 30th, Just Eat has increased by 53%, and Delivery Hero has increased by 46%, a surprising reversal after both companies were among the top 10 decliners in the first half. The share price of Deliveroo plc (LON: ROO) has increased by 15% from its yearly low. Exactly what investors have been requesting for a long time, the big uptick occurred after the companies prioritized lowering losses and demonstra...

At 84, Indian Industrialist Ratan Tata Funds Goodfellows

17Aug

By Linda AshokNo Comments

Business, India

At 84, Indian Industrialist Ratan Tata Funds Goodfellows

84-year-old Indian Industrialist Ratan Tata, who oversaw the operation of the $128B Tata Group for decades, has invested in a company that pairs retirees with recent college grads for lasting partnerships. To further its mission of fostering "inter-generational friendships," Ratan Tata funds Goodfellows announced on Tuesday that it had received a seed investment from Mr. Tata, the prominent chairman emeritus of Tata Sons Ltd., which controls over 150 companies, including some of India's most valued, including software outsourcer Tata Consultancy Service Ltd. and the country's largest steelmaker Tata Steel Ltd. Shantanu Naidu, 30, who also serves as general manager of Ratan Tata's office and startup investment portfolio, launched the company. Mr. Naidu also lends a hand to Mr. Tat...

6 Dutch Health Tech Enterprises Forging New Horizons!

12Aug

By Linda AshokNo Comments

Business, Europe

6 Dutch Health Tech Enterprises Forging New Horizons!

With over 1,100 Dutch health tech enterprises, the Netherlands has established itself as a rising health tech powerhouse covering startups to enterprises over three times that of neighboring Germany. The exponential growth of emerging technologies like data and machine learning, with numerous fascinating applications in the medical profession, has contributed to the health tech industry's precipitous rise. Here are 6 Dutch Health Tech enterprises that are calling the shots! Neogene Therapeutics Amsterdam, Noord-Holland, The Netherlands-based Neogene Therapeutics was founded by Carsten Linnemann, and Ton Schumacher. Neogene Therapeutics is a biotech company providing cancer patients with T-cell therapies targeting mutated proteins called neo-antigens. Neogene Therapeutics is developin...

6 Germany-based Health Tech Startups Driving Innovation

11Aug

By Linda AshokNo Comments

Business, Europe

6 Germany-based Health Tech Startups Driving Innovation

As indicated in the European Regional Development Fund (ERDF – or EFRE, in German) programme and cohesion strategy 2021-2027, as well as the German Lander implementation and tendering of this programme, the Healthcare/Life Sciences (HCT) industry is a focus for both the EU and Germany. Horizon Europe, a European Incentive Program for Research and Innovation approved by the EU Council and Parliament and implemented retrospectively on January 1, 2021, following its final acceptance in April 2021, focuses on health-related R&D and innovation. These 6 Germany-based Health Tech Startups are making a move! Ada Health Berlin, Berlin, Germany-based Ada Health was founded by Claire Novorol, Daniel Nathrath, and Martin Hirsch. Ada Health is a digital health company that helps users assess ...

10Aug

By Linda AshokNo Comments

Business, China

Top 10 Chinese Public Companies in 2022

Here are the top 10 Chinese public companies that have stayed profitable in 2022. As per markets, China Petroleum & Chemical Corporation will continue to be the world's largest publicly traded Chinese firm in 2022. PetroChina Company Limited followed China State Construction Engineering Corporation Limited in second place. Statistics revealed that the cumulative income of the companies on the list in 2020 surpassed 50,500 trillion yuan, an increase of 11% year over year and an amount that exceeded fifty percent of China's gross domestic product in 2019, which was over 99 trillion yuan. The net income of these enterprises totaled 4,2 trillion yuan, an increase of over 16 percent from the prior year. The revenue requirement for inclusion on the list was 17.8 billion yuan, a nearly...

Big Bull Rakesh Jhunjhunwala Green Flags Indian Stock Markets

9Aug

By Linda AshokNo Comments

Business, India

Big Bull Rakesh Jhunjhunwala Green Flags Indian Stock Markets

Rakesh Jhunjhunwala remains bullish on domestic stock markets even as Dalal Street, along with global peers, faces multiple headwinds. In an interview with CNBC TV18, the ace investor Jhunjhunwala who just entered the aviation space with Akasa Air, asserts that domestic stock markets will grow regardless of global developments. Despite his continued support for Indian markets, he predicted Dalal Street's expansion would be slower than expected. The ace investor is one of the most vocal proponents when investing in India. Talking about spaces he believes could do well in the future, Rakesh Jhunjhunwala said that PSU banks are his bet as he thinks credit will rise, and the consequence will be an increase in banks' pricing power. The power of PSU banks gathering deposits is his betting...

Har Ghar Digital, Har Jeevan Digital: India Domains at Rs 75

7Aug

By Linda AshokNo Comments

Business, India

Har Ghar Digital, Har Jeevan Digital: India Domains at Rs 75

India is on a mission to increase access to the digital world. The Har Ghar Digital, Har Jeevan Digital campaign offers individuals to book a website domain name with registry.in. Individuals can get .in and .भारत (.bharat) for an annual fee of only Rs 75 or $1 only. This digital India campaign is a major opportunity for every working professional as India gets ready to celebrate its 75th Independence Day on August 15, 2022. Domain names on the Internet are no longer as pricey as they once were. They are more affordable than purchasing a meal. In honor of India's 75th Independence Day, domain names are available for just Rs 75 per year. This offer is made available by The National Internet Exchange of India (NIXI) as part of its statewide "Har Ghar Digital, Har Jeevan Digital" campa...

Amazon Acquires iRobot for $1.7 Billion, Saves Cleaning Woes

5Aug

By Linda AshokNo Comments

Business, United States

Amazon Acquires iRobot for $1.7 Billion, Saves Cleaning Woes

According to an announcement today, Amazon (NASDAQ:AMZN) has entered into a formal merger agreement under which Amazon would purchase iRobot (NASDAQ:IRBT). iRobot has a long history of developing revolutionary cleaning solutions for the home that make life easier for customers. With each new product generation, iRobot has continued to innovate to assist customers in reclaiming critical time in their day. IRobot's net debt will be included in Amazon's acquisition of the company for $61 per share in an all-cash deal valued at $1.7 B, which includes the acquisition price. Final approval by iRobot's shareholders and governmental approvals are among the usual closing criteria. Colin Angle will continue as CEO of iRobot after Amazon Acquires iRobot. If the contract is scrapped, Amazon mus...

Agritech Startup DeHaat Joins the League of Layoffs

2Aug

By Linda AshokNo Comments

Business, India

Agritech Startup DeHaat Joins the League of Layoffs

Agritech startup DeHaat is the latest startup to reduce its workforce by laying off employees. This comes less than a year after the company raised $115M in the largest funding round ever for an Indian agricultural technology startup. Shashank Kumar, the founder and CEO of the company, denies the allegations that the business fired five hundred employees. In a conversation with Money Control, CEO Shashank Kumar disputed the number in triple digits. "It (layoffs) was more of a corrective measure around performances and due to culture misfit but the number is definitely not in three digits," Shashank told Money Control. The organization claims it has more than 2,000 employees on its payroll. Kumar stated that the organization had recruited more than 1,200 to 1,300 workers over the ...

Gaming Websites, PayPal, and Yahoo Now Blocked in Indonesia!

30Jul

By Linda AshokNo Comments

Business

Gaming Websites, PayPal, and Yahoo Now Blocked in Indonesia!

In an official update on July 30, 2022, Saturday, Indonesia has announced having blocked various gaming websites, the search engine website Yahoo, the payments business PayPal (NASDAQ: PYPL), and other websites because they failed to comply with license standards. This announcement sparked an outcry on social media. According to the rules published at the end of November 2020, registration was necessary. These rules were to give authorities broad powers to compel platforms to disclose data of certain users and remove content deemed unlawful or that "disturbs public order" within four hours if the matter is urgent and within 24 hours if it is not. On Monday, July 18, 2022, the Indonesian government urged technology companies to register under new licensing rules or risk blocking t...