South Korea to penalize Mercedes-Benz for unlawful promotion of cars

Antitrust regulator of South Korea will impose a heavy fine on Mercedes-Benz worth US$16.87 million after the German automaker submitted false information on the gas emissions of its diesel-powered cars. According to the Korea Fair Trade C....

Krafton invests $5.4 million in Indian game studio, Nautilus Mobile

South Korean gaming company, Krafton – the owner of popular games such as PUBG (PlayerUnknown’s Battlegrounds) or its Indian version dubbed BGMI (Battlegrounds Mobile India) – has invested in JetSynthesys-owned game develo....

India’s govt-owned fund NIIF buys FirstCry stock worth $100 million

The National Investment and Infrastructure Fund (NIIF), a sovereign wealth fund in India, led a secondary funding round worth $240 million in ecommerce firm FirstCry with purchase of $100 million in its stocks, wagering for the first time o....

PayPal records lower than estimated revenue growth in Q4 2021

American financial technology company, PayPal Holdings Inc. plummeted after consistent decline in spending observed by the platform during fourth quarter, after a fast-paced shift of consumer interests to in-store shopping as economic recov....

Can Fite enrolls 1st patient in Phase IIb Namodenoson clinical trial

Can Fite BioPharma, an advanced clinical stage biotechnology company ramping up pipeline of its proprietary small molecule drugs designed for inflammatory, cancer and liver diseases, has reportedly announced the enrollment of first patient ....

Bahrain’s Investcorp sells UK industrial assets in a $145Mn deal

Investcorp, a leading provider and manager of alternative investment products, has reportedly completed the sale of a portfolio of 10 logistics and industrial assets in the UK for separating buyers as it wants to cash in on demand for indus....

RIL aims to invest $75 billion to produce green hydrogen in India

Mr. Ambani has pledged to produce green hydrogen at $1 per kg, almost reducing it to 60% than today’s costs Mukesh Ambani, Chairman & MD of Reliance Industries Ltd. (RIL), has earlier announced plans to invest around $75 billion ....

Simple Energy & Siemens to boost digital shift in India’s EV market

Indian electric vehicle maker, Simple Energy is collaborating with global technology leader, Siemens with the aim of accelerating digital transformation in the field of electric vehicles (EVs) in India. According to the Bengaluru-based ele....

Cimic's UGL wins renewable and utility contracts worth $296 Million

UGL, a diversified engineering company based in Australia, has secured a contract for design and works of 88MW solar farm in outback Queensland and the EPC (engineering, procurement and construction) contract for an 87 MW solar farm in Sout....

Galvani’s bioelectronic platform reports 1st successful RA treatment

Galvani Bioelectronics, a clinical-stage bioelectronics R&D company, recently announced the first successful treatment of a Rheumatoid Arthritis (RA) patient by stimulation of the splenic nerve done via its novel bioelectronic platform.....