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Softline valued at around $1.5 bln in London IPO
Russian IT company Softline set its final offer price at $7.50 per global depositary receipt (GDR) for its initial public offering (IPO), the lower end of its target range, implying a valuation of around $1.5 billion, the company said on Wednesday....
DeHaat raises $115Mn in the largest agritech round in India
DeHaat secured $115 million in a Series D funding round led by Belgium-based investment firm Sofina and Lightrock India. ...
Iran assumes cyberattack shuts gas stations across country
A cyberattack crippled gas stations across Iran on Tuesday, leaving angry motorists stranded in long lines. No group immediately claimed responsibility for the attack, which rendered useless the government-issued electronic cards that many Iranians use to buy subsidized fuel at the pump....
Tesla surpasses $1 trillion market valuation for the first time
Tesla has surpassed $1 trillion market capitalisation for the first time ever, after its shares surged over 9.5%. The company's shares hit a record high of more than $998 after...
Verizon and Project Kuiper team up to develop connectivity solutions
Today, Verizon Communications Inc. (NYSE, Nasdaq: VZ) and Project Kuiper, an advanced low Earth orbit (LEO) satellite network from Amazon.com, Inc. (NASDAQ: AMZN), announced a strategic collaboration to develop...
Black Box Launches IoT Practice in Asia to Accelerate Industry 4.0
Black Box, a global solutions integrator, today announced that it has established an IoT practice in Asia that will allow the company to embrace abundant IoT opportunities across Asia's manufacturing hubs....
Razorpay introduces tokenization along with Mastercard, RuPay and Visa
Razorpay has announced a new tokenization solution for businesses that will allow their end-customers to have the convenience of saved card transactions with added security and in compliance with the RBI guidelines. ...
Twitter buys chat app Sphere
Twitter has acquired Sphere - a chat app which was co-founded by British serial entrepreneur Nick D’Aloisio....
Grocery chain Tesco suffers 2-day outage following hack
Britain’s biggest supermarket chain Tesco's app and website were down for a second day on Sunday, leaving shoppers unable to order goods and track deliveries. ...
Jio to invest in Dunzo’s $250Mn funding round
Google backed Dunzo is looking to raise as much as $200-250 million at a valuation of close to $800 million. Billionaire Mukesh Ambani-controlled Jio is in talks with Dunzo to finalize the financial investment, alongside with the start-up’s current investors....