The United States and India are deepening their collaboration to enhance their national and economic security by focusing on the global clean energy transition. Both countries are aiming to capitalise on the benefits of this transition, such as job creation, the acceleration of clean energy deployment, and the achievement of global climate targets. Their joint […]
The Quad nations—Australia, India, Japan, and the United States—have launched a collaborative effort under the Quad Cancer Moonshot Initiative, aiming to significantly reduce cancer rates in the Indo-Pacific region, particularly focusing on cervical cancer. The initiative is part of a larger effort to address the rising cancer burden, which affects millions of lives across the […]
The United States has strongly reiterated its support for India’s long-standing ambition to gain a permanent seat at the United Nations Security Council (UNSC). This backing, delivered during the recent Quad Summit held in Delaware, underscores a significant geopolitical development that could reshape the global power structure. The Quad members, which include the United States, […]
In a stunning development, Boeing’s head of Defence, Space & Security, Ted Colbert, has left the company, marking a significant shakeup as the aerospace giant grapples with mounting operational issues. Colbert’s departure comes as Boeing endures a difficult 2024, marked by continued production troubles and safety concerns, particularly in the 737 Max program. With Colbert’s […]
In a monumental move, OYO is set to acquire G6 Hospitality, the parent company of Motel 6 and Studio 6, from Blackstone Real Estate in a $525 million all-cash deal. This acquisition, expected to close in late 2024, will significantly bolster OYO’s presence in the U.S. market, a region where the company has seen steady […]
In a landmark deal, Axel Springer, owner of Politico and Bild, has agreed to a €13.5 billion split with private equity firm KKR, shaking up the European media sector. The move will divide Axel Springer’s profitable classifieds business from its media operations, allowing the company to focus on its digital news expansion, particularly in the […]
Cibus Inc., an agricultural biotechnology company specialising in gene editing, saw its shares tumble after announcing an underwritten public offering of its Class A common stock. On 17 September 2024, Cibus made public its intention to raise capital through this offering, leading to a sharp 1.75% decline in its share price to around $5.06 on […]
Xero Limited has announced its acquisition of Syft Analytics, a global cloud-based reporting, insights, and analytics platform, in a deal worth up to $70 million. This strategic acquisition is set to enhance Xero’s advanced reporting and analytics offerings for accountants, bookkeepers, and small businesses globally. The transaction is expected to be completed in the third […]
Firstsource Solutions Limited, a provider of business process services, has announced a strategic collaboration with Microsoft to offer advanced digital transformation services powered by artificial intelligence. This move aims to leverage Microsoft Azure OpenAI to drive innovation and operational efficiency across multiple industries, significantly boosting Firstsource’s capabilities to deliver tailored, cutting-edge solutions worldwide. Firstsource and […]
Fevertree Drinks PLC, a leader in the premium mixer market, reported its interim financial results for the first half of FY24, ending 30 June 2024. Despite a challenging consumer environment and adverse weather conditions in key markets such as the UK and Europe, the company demonstrated remarkable resilience with significant improvements in its margins and […]