Deriva Energy, under the Brookfield umbrella, is excited to be a key player in the landmark renewable energy framework agreement recently unveiled between Brookfield and Microsoft Corporation. This deal marks a commitment to supply Microsoft with over 10.5 gigawatts of…
Zanskar Geothermal & Minerals (Zanskar), a pioneer in geothermal exploration, has successfully secured $30 million in a funding round spearheaded by Obvious Ventures. This financial infusion, featuring contributions from both longstanding backers like Munich Re Ventures, Union Square Ventures, Lowercarbon…
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has given its nod to the Scheme of Arrangement proposed by Pakistan International Airlines Corporation Limited (PIA). This approval, dated May 6th, 2024 marks a pivotal step in the separation of…
KARACHI: In a significant development for Pakistan’s packaging industry, Arif Habib Limited has announced the launch of an Initial Public Offering (IPO) for International Packaging Films Limited (IPAK). The Book Building dates are 8th & 9th May, while Registration Dates…
ISLAMABAD: An investigation by the Competition Commission of Pakistan (CCP) has provisionally concluded that M/s. Pakistan Telecommunication Company Limited’s (PTCL) proposed acquisition of M/s. Telenor Pakistan (Private) Limited (TP) and Orion Towers Private Limited (OT) could lead to a substantial…
Stockholm: The Board of Humana has appointed Nathalie Boulas Nilsson as the new President and CEO of Humana AB. Nathalie Boulas Nilsson will also assume the role of Country Manager for the Swedish organisation. Nathalie will take office on July…
AstraZeneca has completed a $140 million equity investment in Cellectis, a biotech firm at the forefront of gene-editing therapies. This transaction, which follows approval from the French Ministry of Economy, sees AstraZeneca acquiring 10 million Class A and 18 million…
Tech Data, a TD SYNNEX Company, has announced the launch of Tech Data Capital in key Asia Pacific markets. This initiative, which follows successful introductions in North America and Europe, is set to debut in Singapore, Australia, and India, providing…
BrainChip Holdings Ltd, a pioneer in neuromorphic artificial intelligence technology, has joined forces with Frontgrade Gaisler, a leader in space-grade system-on-chip solutions, to integrate BrainChip’s Akida™ neuromorphic processor into Frontgrade Gaisler’s advanced microprocessors. This collaboration marks a significant leap forward,…
McAfee has announced at the RSA Conference in San Francisco the enhancement of its AI-powered deepfake detection capabilities. The technology, which is integrated into the McAfee® Deepfake Detector, now leverages the Neural Processing Unit (NPU) in Intel® Core™ Ultra processor-based…
Ambri, the provider of long-duration Liquid Metal battery storage systems, has agreed to the terms of a stalking horse purchase agreement with a consortium of its lenders, pursuant to which the lender consortium would acquire substantially all of the assets…
KKR, a prominent global investment firm, has announced the acquisition of Healthium Medtech Ltd., a top-tier Indian medical devices company. The transaction, facilitated by funds managed by KKR, involves the purchase from an affiliate of Apax Partners LLP, a distinguished…