Tag: US
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Lockton Ambitiously Targets Doubling International Business with Focus on India
Lockton plans to double its international business in four years, with a focus on India. The company acquired Arihant Insurance Brokers and appointed Sandeep Dadia as CEO for Lockton India. The firm will emphasize motor and health insurance, offering tailored solutions and aims for an expanded workforce by 2026. Lockton, the leading privately held insurance…
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Chinese M&A Activity Expected to Rise Amid Trump Tariff Threats
Chinese firms are likely to ramp up mergers and acquisitions in response to Donald Trump’s tariff threats, seeking to mitigate reliance on the U.S. market. Analysts tout M&A as a faster solution than traditional investments amid a challenging global economic climate. Despite a drop in overall outbound M&A activity this year, certain sectors are witnessing…
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Ocior Energy’s CEO Entangled in Adani Bribery Case Whilst Securing Major Deal
Ocior Energy’s CEO, Ranjit Gupta, implicated in the Adani bribery case, has secured a ₹10,000 crore pact with REC Ltd. while operating under legal scrutiny. With zero revenues and significant ambitions in the green energy sector, concerns arise regarding its viability, especially given the ongoing federal investigation into alleged corrupt payments. Industry experts caution that…
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China’s Strategic Growth of ‘Little Giants’ Surpasses 2025 Target
China has surpassed its 2025 goal of cultivating 10,000 small, privately-owned “little giant” firms, attaining a remarkable total of 14,600. This development reflects China’s efforts to enhance technological independence amidst US competition, with these firms playing a vital role in strategic sectors. The investment in research and development and the generation of patents highlight the…
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Japanese Banks Stand by Adani Amid International Scrutiny
Japanese banks, including Mizuho, Sumitomo Mitsui, and Mitsubishi UFJ, are committed to supporting Gautam Adani despite US bribery charges, contrasting with a cautious approach from global firms like Barclays and Jefferies, which are reevaluating ties. Adani denies the allegations and reassures lenders and investors. While some US banks have halted efforts to lend, Middle Eastern…
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StoneCo Evaluates Sale of Linx Amidst Interest from Global Tech Firms
StoneCo is considering offers to sell its Linx software unit, which it acquired for 6.7 billion reais, with about 20 bidders showing interest. Noteworthy prospective buyers include Totvs SA and Constellation Software. Despite these deliberations, StoneCo remains financially sound, highlighted by a 2 billion reais share buyback program. This situation indicates a larger trend of…
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HemoSonics Recognized in 2024 Deloitte Technology Fast 500
HemoSonics, LLC has been honored as #453 on the 2024 Deloitte Technology Fast 500, recognizing its significant revenue growth over the past three years. The company, focused on acute bleeding management, was one of eight North Carolina firms included in this prestigious ranking. This award highlights the company’s dedication and success in advancing healthcare technology.…
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Adani’s Bond Market Move Amid Bribery Allegations
A unit of Gautam Adani’s conglomerate raised $600 million in the US bond market just hours before federal prosecutors charged him with bribery in connection to securing solar contracts in India. The bond offering saw overwhelming demand, enabling lower borrowing costs despite the surrounding legal challenges. Hours before prosecutor charges were leveled against Gautam Adani…
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EPAM Systems Surges Ahead of Indian IT Rivals Through Strategic Workforce Growth
EPAM Systems has become larger than some Indian IT companies by doubling its workforce in India, achieving $1.17 billion in revenue for the September quarter. The company overcame challenges posed by the Russia-Ukraine conflict and reported a growth rate of 0.48%. In contrast, Tech Mahindra and LTIMindtree face challenges affecting their growth, despite EPAM’s notable…
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Chinese AI Firms Increase Advertising Spending in Competitive Landscape
Chinese AI firms, including Alibaba and ByteDance, collectively invested $70.2 million in advertising generative AI products in Q3. The spending, analyzed by AppGrowing, raises concerns about prioritizing marketing over fundamental research and the potential impact on competitiveness with the U.S. AI sector. Recent analysis reveals that Chinese artificial intelligence firms are significantly increasing their advertising…