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Open FlipIndian Oil Corp ties up with IBM to establish its shared service centre (SSC) for vendor invoice management. The centre will be operated by employees from both IOCL and IBM Consulting’s Business Process Operations. The digital initiative will synergize invoice processing from a centralized office based in Noida and will be able to process over 1.5 million invoices annually.
Open FlipBitcoin surged as much as 5.6% to $43,337, its highest since March 3, and was last up 4.1%. Ether, the second-largest digital coin, zoomed as much as 5.4% to its highest since Feb. 17. Ether, the coin linked to the Ethereum blockchain was last seen trading 3.6% higher at $3,008. Since its intra-day low of $34,324 on Feb. 24, the original cryptocurrency has added nearly 26%.
Open FlipOn Tuesday, Robinhood Markets Inc rolled out a new debit card that would allow spare change investing. The company is eyeing to expand beyond trading and into more consumer finance verticals, heating up competition with fintech giants Chime and PayPal. Via the card, “users could choose to round up their change to the nearest dollar and invest it in assets of their choice.”
Open FlipOkta Inc. shares tanked today after the company which manages network access for thousands of U.S. companies began reporting regarding its investigation of an illegal data breach. The company was warned to the potential breach when hackers, represented a group called LAPSUS$ and posted images of what were claimed to be Okta's internal technology on the Telegram page.
Open FlipPhilippines President Rodrigo Duterte permitted an amendment to the Country's law to enable complete foreign ownership of firms in services like telecoms and shipping. Earlier, the Southeast Asian nation turned out as a regional laggard in attracting foreign investors. This was, to some extent, due to caps on ownership of firms in key sectors and its reputation for red tape.
Open FlipAs a result of the ongoing conflict between Russia and Ukraine, there is a spike in the prices of almost every commodity. Along with other commodities, the wheat products too got costlier. The war led to the halt of wheat export from Russia. This has given an opportunity to India and it is the second-largest wheat-producing nation in the world.
Open FlipIndiGo turned out as the best on-time performance (OTP) carrier with 95.4% at four metro airports in February. At the same time, Go First attained the number two position with 94.1% in the same month. The aviation regulator DGCA study further revealed Vistara, SpiceJet, Air India, AirAsia India and Alliance Air had OTP of 90.9%, 90.9%, 89.8%, 88.5% and 88.5% respectively.
Open FlipTo oust the gaming equipment company's entire board of Turtle Beach Corp, Donerail Group is working with a different asset manager. Also, the company has nominated six directors to faithful a steady price drop of stocks, the investment firm wrote to other investors. The launch was official and displayed its six candidates, who have expertise in gaming, capital allocation & strategic transactions.
Open FlipDow Jones futures surged during Tuesday's early deals as treasury yields extended their gains and U.S. oil prices paused after Monday's surge. During the market's pre-opening session, Dow Jones stock Nike zoomed over 5% as it announced a smaller-than-expected drop in fiscal third-quarter earnings. Even Chinese retailer Alibaba gained 8% after it hiked its buyback programme to $25 billion.
Open FlipThe ex and already working employees will be participating in this ESOP buyback by Rebel Foods. The startup will be buying back 7,270 equity shares from its staff at a price of INR 86,019 per share, according to a recent resolution passed by the shareholders of Rebel Foods suggests. However, it is still not clear how many employees have profits from this ESOPs buyback exercise.
Open FlipA definitive agreement has been signed by Infosys Ltd to acquire a Germany-based digital marketing agency, oddity, for €50 million (nearly ₹419 crores). It is expected that the acquisition will support Infosys’s digital experience capabilities in Germany, across Europe, and Northeast Asia. During the first quarter of fiscal 2023, the acquisition is expected to close.
Open FlipLarsen & Toubroreported that the company’s board will discuss the raising of funds through debt during its meeting on March 24, 2022. The move will serve as part of the heavy engineering Company's refinancing program. Following this, Jefferies retained a 'buy' call on the stock. However, it reduced the target price to Rs2,525 from Rs2,675 per share.
Open FlipA cloud-based android gaming platform, BlueStacks has launched the Creator Studio & Creator Hub for modding and sharing modded mobile games. Rolling out this, mobile games developed on the Cocos, Unity, and Unreal engines can be flexibly modded and shared, reaching over four billion users and 4.5 mn creators. Modding can be done at 3 levels: basic, intermediate, and advanced.
Open FlipOne of Japan's largest cryptocurrency exchanges, Coincheck, has approved its amalgamation with Nasdaq-listed special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV. Thunder Bridge announced that the merger is anticipated to be completed in the second half of 2022. The projected transaction is valued at roughly $1.25 billion.
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