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Technology
How Argo Blockchain Will Benefit from Its Trading on OTCQX Market
February 24, 2021 02:40 PM GMT| By Suhita PoddarSummary UK-based cryptocurrency mining company Argo Blockchain shares will start trading on the OTCQX Best Market on 24 February. The move comes just days after the blockchain firm entered into a priority supply agreement with ePIC Blockchain T.....
UK watchdog warns tech biggies of imminent probes
February 23, 2021 12:49 PM GMT| By Team Kalkine MediaSource: Shutterstock Summary UK to introduce new regime requiring tech companies to pay for using content. This pro-competitive intervention by CMA will handle issues like lack of data control and monopolistic practices reducing innovation....
How has Batm Advanced Communications managed to double its Bio-Medical revenue during FY20?
February 22, 2021 02:23 PM GMT| By Team Kalkine MediaSummary Batm Advanced Communications Ltd had reported a revenue surge of 49% during FY20 ended on 31 December 2020. BVC’s Gross margin had improved by 620 basis points during FY20. The Company had entered into an optional agreement to se.....
How Supreme Court’s Latest Order Will Change Uber’s Business Forever
February 19, 2021 03:29 PM GMT| By Hina ChowdharySummary The Supreme Court has ruled that Uber drivers are workers, not self-employed. The case was filed in 2016 by 25 drivers who demanded employee benefits from Uber. In a landmark judgment, the Supreme Court (SC) has ruled that drivers .....
UK launches new institute to encourage high risk, high reward in innovation
February 19, 2021 12:23 PM GMT| By Kunal SawhneySummary The government announced setting up of the Advanced Research & Invention Agency. ARIA would be tasked to fund risky research and development programmes in various sectors. Backed by a massive finding of &po.....
Why IBM pledged net zero emissions by 2030?
February 18, 2021 02:36 PM GMT| By Kunal SawhneySummary Tech major IBM aims to hit net zero emissions target by 2030 by reducing its emissions by 65% by 2025. IBM announced a new partnership with Singapore AIoT company Envision Digital to develop renewable energy manageme.....
What are the recent acquisition updates unveiled by Learning Technologies Group?
February 15, 2021 02:58 PM GMT| By Kunal SawhneySummary Learning Technologies Group Plc had anticipated achieving FY20 revenue of around £131.0 million. LTG is expected to complete the acquisition of Bridge on 26 February 2021. LTG had a net cash position of £70.2 million as of .....
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Why has Panaseer partnered with PwC UK?
February 11, 2021 09:40 AM GMT| By Team Kalkine MediaCybersecurity intelligence platform Panaseer has announced that it has teamed up with leading consulting firm PwC UK to offer continuous Cyber Risk Monitoring service, which is sought to make way for accurate and .....
Reddit Valuation Soars To $6 Billion After Latest Fundraiser
February 10, 2021 11:07 AM EST| By Kunal SawhneyRiding high on the wave of attention for the role of one of its communities wallstreetbets that sent the US stock market into a frenzy, social media giant Reddit raised $250 million in series E funding on Monday. Founded in 2003, the compa.....
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BNPL stocks react after the UK proposed regulatory changes
February 04, 2021 04:55 AM GMT| By Team Kalkine MediaThe unsecured credit market has been expanding with each passing year. The growing need for credit has risen for the diverse range of goods, demanded by consumers. The popularity of digital lending in the recent past has further expanded the credit.....
How has Idox continued to show resilience in its recurring revenue despite Covid-19 pandemic?
February 03, 2021 04:23 PM GMT| By Kunal SawhneySummary Idox Plc had reported a surge in revenues of 4% during FY20 ended on 31 October 2020. IDOX had delivered £11.2 million of free cash flow during FY20. The order book had witnessed a surge of 31% for contracted software and service.....
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Apple Taps Bond Market for the Third Time Amidst Aggressive Share Buybacks and Dividends
February 03, 2021 02:08 AM GMT| By Team Kalkine MediaApple Inc plans to sell USD 14 billion worth of bonds in order to take advantage of the current cheap borrowing cost, tapping the market for the third time since May 2020. while funding operations like share buybacks. Image Source: © Kalkine...
How Kainos Group managed to enhance its trading performance despite Covid-19 pandemic?
January 27, 2021 03:14 PM GMT| By Team Kalkine MediaKainos Group Plc (LON: KNOS) is the FTSE 250 listed technology stock. The Company is the leading IT services provider based in the UK. KNOS’s shares have generated a return of about 46.85% in the last 12 months. The FY21 results of the Compa.....
Alibaba (NYSE:BABA) Stocks Surge As Jack Ma Resurfaces After 3 Months
January 20, 2021 02:43 PM GMT| By Team Kalkine MediaChinese business magnate Jack Ma finally reappeared in the public eye on Wednesday, January 19, after months of speculation about him missing since slamming the Chinese government back in October. A clip* of Mr Ma delivering a speech at the online.....
Google acquires Fitbit in USD 2.1 billion deal, Regulatory Probe Continues
January 15, 2021 04:50 AM GMT| By Team Kalkine MediaThe market leader in the online advertising business, Alphabet-owned Google, has completed the health device producer Fitbit's acquisition worth USD 2.1 billion. Image source: pixabay The mega-company announced it on 14 January 2021. The .....
The spotlight on Affirm and its bearing on the Market
January 15, 2021 02:36 AM GMT| By Kunal SawhneyBNPL sector got a momentum ever since the beginning of the pandemic. The concept of 'Buy Now Pay Later' is clicked during a period when consumers were facing financial crunch and prefer to pay in instalments rather than making payment in one go. Th.....
Jack Ma-Xi Jinping Standoff: The Battle Between Chinese Govt vs Private Tech
January 13, 2021 09:49 AM GMT| By Team Kalkine MediaAfter speculation of billionaire entrepreneur Jack Ma missing for two months, reports now claim that the Chinese government is seeking to nationalize his billion-dollar companies, Alibaba and the Ant Group. The rumors come in the backdrop of a Chines...
Twitter & Facebook Stocks Plunge As Trump-backed Investors Retract
January 11, 2021 01:14 PM GMT| By Kunal SawhneyTwitter Inc. (TWTR:US or NYSE: TWTR) and Facebook Inc. (FB:US or NASDAQ: FB) stocks declined in the early trading hours of Monday (January 11, 2021) after the social-media giants banned US President Trump's account. This pan-social media ban against...
Tesla Boss Elon Musk Dethrones Jeff Bezos To Become World’s Richest Person
January 07, 2021 04:21 PM GMT| By Team Kalkine MediaTesla Inc (NASDAQ:TSLA, TSLA:US) and SpaceX founder Elon Musk finally zoomed past Amazon Inc head Jeff Bezos, to earn the title of the richest person in the world. His net worth is now over US$ 185 billion. The near three-per cent jump in Tesla&rsqu...
Oxford-based company Oxbotica raised $47 million in the latest funding round
January 06, 2021 08:16 AM GMT| By Kunal SawhneySummary The self-driving startup software, Oxbotica announced today that it had picked up $47 million in the latest funding round The funding involved a mix of investors including BP PLC (LON: BP) and Halma PLC (LON: HLMA) among others Eng.....
