Author: Chakradhar.kale

Ola to raise $300 million for expansion in its two-wheeler operations and battery facility business. Ola Electric Mobility Pvt. Ltd. is India’s largest electric two-wheeler manufacturing company. Ola Electric raises $300 million for expansion Introduction To Ola’s new Fundraiser Ola’s Future Plans For Expansion Ola To Raise $300 Million Introduction To Ola’s new Fundraiser The company’s EBITDA (Earnings before interests, taxes, depreciation, and amortization) are expected to become positive in 2024. This is expected to make Ola Electric the biggest electric two-wheeler company in the country which will even surpass TVS Motors and Hero Motocorp in terms of valuation. This…

Why Accenture Acquire Flutura?Conclusion Accenture is all set to acquire Flutura. Accenture is an IT and Consulting Company that is soon going to acquire an Artificial Intelligence Tech Company ‘Flutura’. On Tuesday, Ireland based IT and Consulting firm Accenture revealed that it was all set to acquire Bengaluru based AI firm Flutura. Deal size was not disclosed during the announcement. Why Accenture Acquire Flutura? Flutura is an Artificial Intelligence firm in Bengaluru that specializes in industrial data science services. Production and Manufacturing businesses form a major share of its existing clientele. Accenture’s spokespersons have said that the deal shall help…

UBS To Acquire Credit Suisse in a mega deal. UBS (Union Bank of Switzerland) is all set to acquire Credit Suisse for $3.2 Billion. The Swiss Government stepped in to synthesize the deal which is expected to close by the end of 2023 . UBS bank has agreed to acquire Credit Suisse for $3.2 Billion along with $5.4 Billion in losses. The merger deal has been designed by Swiss authorities to avoid further turbulence in the Swiss market and in the global banking sector. The Swiss authorities were forced to participate in order to control the turmoil in the banking…

Rajalxmi Vijay, the CEO of an IT and Telecommunication firm in Mumbai ‘Altruist Technologies’, was hit and knocked down by an over-speeding car which has led to her sudden demise. The accident happened at 6:30 am (Sunday) near Worli Milk Dairy. The lady was hurled away by a few metres when she was hit by the vehicle. She was declared dead when she was taken to a nearby hospital. According to the police “Her husband was also jogging near Shivaji Park at the same time.”.He rushed to the spot when the police called him. Later, the locals caught the TATA…

After the US Department Of Energy’s intelligence assessment asserted of an ‘accidental laboratory leak’ from one of Wuhan’s Virology Laboratory, an international team of researchers have reported a new theory, according to which, the traces dating back to the outbreak of the pandemic came from racoon dogs that were sold at The Huanan Seafood Wholesale Market in China’s Wuhan province. Traces of the SARS-CoV-2 virus were found in the genetic samples of raccoon dogs sold at one of the prominent seafood markets in central China’s Wuhan city. Experts are of the opinion that this evidence bolsters the issue of the…

PWB faces massive withdrawals soon after the SVB collapse. Pacific Western Bank reportedly noticed massive withdrawals after the collapse of the banking sector indices on Wall Street last weekend. The Collapse of SVB and Signature Bank led to panic withdrawals. The bank reported that they were mostly from their venture banking business line. Panic withdrawal movements were seen in Pacific Western Bank after the news of SVB and Signature Bank collapse struck the market. This generated decreased net outflows for the bank which then improved deposit balance to further soften the damages. Further, the bank claims to have insured their…