Category Archives:
Stellantis opens software hub in India to support digital strategy
MILAN (Reuters) - Carmaker Stellantis said on Wednesday it had inaugurated a new software hub in Bengaluru, India, its second innovation centre in the country, focusing on cockpit and driver assistanc...
Oct 12, 2022
BASF to slash costs in Europe, takes writedown on Nord Stream 1
By Ludwig Burger FRANKFURT (Reuters) -German chemicals group BASF said it would slash annual costs by 500 million euros ($485 million) in Europe until 2024 and look into restructuring its chemical sit...
Oct 12, 2022
India’s HCL Technologies raises 2023 revenue growth target on order strength
BENGALURU (Reuters) - IT services firm HCL Technologies Ltd on Wednesday raised its full-year revenue growth forecast and reported a 7.1% rise in September-quarter profit, helped by a rise in new orde...
Oct 12, 2022
Vista Equity Partners to take cybersecurity firm KnowBe4 private in $4.6 billion deal
(Reuters) - Cybersecurity provider KnowBe4 Inc said on Wednesday that Vista Equity Partners would take it private in a sweetened deal that values the company at $4.6 billion. The offer values each sha...
Oct 12, 2022
OPEC cuts 2022, 2023 oil demand growth view as economy slows
By Alex Lawler LONDON (Reuters) - OPEC on Wednesday cut its 2022 forecast for growth in world oil demand for a fourth time since April and also trimmed next year's figure, citing slowing economies, th...
Oct 12, 2022
Blackstone invests $500 million in Resolution Life in partnership deal
(Reuters) - Life insurer Resolution Life said on Wednesday it had raised $500 million from Blackstone Inc, while also signing a partnership deal with the asset manager. Blackstone will manage some of ...
Oct 12, 2022
Lead set to shine on tight supplies, winter battery failures
By Eric Onstad LONDON (Reuters) - Lead is expected to outperform other metals over the coming months as cold weather is likely to force consumers to replace auto batteries and supplies tighten, analys...
Oct 12, 2022
TripAction raises equity at $9.2 billion valuation, gets Coatue’s structured financing
By Krystal Hu (Reuters) - U.S. corporate travel and expense company TripAction said it raised $304 million from investors in equity and debt-like structured financing on Wednesday, as the company gear...
Oct 12, 2022
Russian regulator says mobile operator MTS breached anti-monopoly laws
MOSCOW (Reuters) -Russia's competition watchdog on Wednesday said leading telecoms company MTS violated anti-monopoly legislation in raising the price of some mobile tariff plans well above inflation....
Oct 12, 2022
Dutch prosecutors to pursue pollution case against Shell-Exxon gas venture
AMSTERDAM (Reuters) -Dutch prosecutors said on Wednesday they will pursue a pollution case against NAM, a joint venture of Shell and ExxonMobil that operates gas fields in the Netherlands. The prosecu...
Oct 12, 2022
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