Neuralink to do trials for brain implants in human post FDA approval

Neuralink Corp., a Elon Musk founded neurotechnology company, has reportedly obtained clearance from the US Food & Drug Administration (FDA) to proceed with its first clinical study involving humans. The approval is a significant lea....

House of Lithium acquires EU micromobility startup Reby for USD 100M

Canadian private equity firm House of Lithium has reportedly acquired Reby. The company was already a significant shareholder in the micromobility startup. The acquisition transaction was valued at USD 100 million. In a statement, Kevin ....

Meesho to slash 251 jobs in new round of layoffs at its core unit

Indian unicorn Meesho, an eCommerce platform, has recently confirmed a second round of layoffs within one year. This time it will terminate around 15% of its personnel, which is 251 employees, according to a spokesperson. Backed by Softb....

Pinterest & Amazon ink multiyear ads deal to enhance shopping xp

Image sharing & social media platform Pinterest, reportedly, announced that it signed a multiyear strategic ad deal with Amazon.com Inc., making the e-commerce giant its first partner for third-party advertising. The collaboration is....

Sterling and Wilson Renewable Energy shares drop 8% on low Q4 earnings

Shares of Indian construction engineering company, Sterling and Wilson Renewable Energy, reportedly fell by 7.5% after the firm reported less then stellar earnings for the quarter ending March 2023. Reports cite, company shares were trading....

ByteDance pushes Lemon8 platform launch amid regulatory scrutiny

Chief Executive of TikTok Chew Shou Zi is reportedly encouraging American users to join the company’s new application, Lemon8. The Chinese firm has garnered significant scrutiny from lawmakers in Beijing, with many calling for a ban. ....

Evergrande announces offshore debt restructuring plan despite crisis

Chinese property giant Evergrande has announced new debt restructuring plans for offshore debt worth USD 20 billion. This move has emerged as a motivational step for other struggling developers as well. The restructuring plan will help t....

PBFG announces U.S. business expansion across West & Midwest

Planet Based Foods Global Inc. has reportedly announced its decision to expand its distribution in the West and Midwest. Following the expansion, the company’s products will be available in stores like Smith’s and Mariano’....

Singaporean bank stocks fall as Credit Suisse faces economic crisis

The stocks of local banks in Singapore have declined significantly, due to the crisis affecting the second-largest bank in Switzerland, Credit Suisse, and the failure of a chain of banks in the United States of America. Credit Suisse fell b....

Sias-Golden Energy align to find better exit option for shareholders

Sias, also known as the Security Investors Association (Singapore), has recently initiated discussions with senior officials from Gear (Golden Energy and Research), to encourage the firm to improve it privatization offers for its shareholde....