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Vishakha Singh

Blackstone Considers Selling Stake in VFS Global, Valuation Estimated at $7 Billion

Summary: Blackstone is exploring the sale of its majority stake in VFS Global, a company specializing in visa application outsourcing and technology services, The potential deal could value VFS Global at approximately $7 billion. Blackstone, which acquired its majority stake from EQT AB in October 2021, is evaluating various options,

DSV to Acquire Schenker in $15.9 Billion Deal, Creating World’s Largest Logistics Company

Danish logistics giant DSV has announced a landmark acquisition of Schenker, the logistics division of Germany’s state rail operator Deutsche Bahn, for €14.3 billion ($15.85 billion). This monumental deal will create the world’s largest logistics company, surpassing Swiss rival Kuehne und Nagel in both scale and

Eli Lilly Announces $1.8 Billion Investment to Boost Drug Production in Ireland

Summary: Eli Lilly is investing $1.8 billion to expand its pharmaceutical production capabilities in Ireland, focusing on its Alzheimer’s treatment and weight-loss drugs. The move includes a significant boost to its Limerick and Kinsale facilities. The investment will see $1 billion allocated to enhance the Limerick site, which

Oracle Projects $104 Billion in Annual Revenue by Fiscal 2029 Amid Cloud Expansion

Oracle Corp. has forecasted that its annual revenue will reach at least $104 billion by fiscal 2029, signaling strong growth prospects for its cloud infrastructure business. The company revealed this optimistic projection during its annual briefing for financial analysts on Thursday. Additionally, Oracle raised its sales outlook for fiscal 2026

Donald Trump to Promote Sons' Crypto Business, Aims to Transform US into 'Crypto Capital'

Former President Donald Trump is set to make a notable announcement next Monday about the burgeoning field of cryptocurrency, alongside the launch of a new crypto platform, World Liberty Financial, spearheaded by his sons, Donald Jr. and Eric. This speech will take place just 50 days before the 2024 presidential

Bicara Leads Trio of US Biotech IPOs, Raising $703 Million Amid Sector Revival

On Thursday, the biotech sector saw a significant boost as three companies went public, collectively raising $703 million in initial public offerings (IPOs). This move comes as a positive sign for a sector that has recently faced challenges with new market entrants. Bicara Therapeutics Inc. led the charge with a

Amazon Invests $10.45 Billion in UK Cloud Expansion, Boosting Economy and Jobs

Amazon Web Services (AWS), the cloud computing division of Amazon.com Inc., announced plans to invest £8 billion ($10.45 billion) in the UK over the next five years. This substantial investment will fund the construction, operation, and maintenance of data centers across the country. The project is expected to