{
}
Lenskart has transitioned to a public company as it gears up for a $1 billion initial public offering (IPO). This strategic move marks a significant milestone for the eyewear retailer, positioning it for growth in the competitive market.
Amazon has decided to freeze its retail hiring budget for 2025 as part of ongoing job cuts. This move reflects the company's efforts to streamline operations amid a challenging economic environment. The decision signals a significant shift in Amazon's workforce strategy moving forward.
Tesla shares rebounded nearly 4% after a significant drop that erased $152 billion in market value, triggered by a public dispute between CEO Elon Musk and President Trump over a proposed tax bill affecting EV incentives. Musk's opposition to the elimination of the $7,500 tax credit reflects Tesla's declining financial health, with a reported 71% drop in net income in Q1 2025. The company has invested heavily in lobbying to preserve this incentive, highlighting its growing reliance on government support amid increasing competition and regulatory challenges.
Israeli mobile gaming firm Playtika has laid off approximately 90 employees, including 40 in Israel and 50 in Poland, due to declining revenues. The cuts primarily affect the development teams of Best Fiends and Redecor, with Best Fiends’ monthly revenue plummeting from $8 million in March 2022 to $3 million in May 2025. This follows a recent round of layoffs at Wooga, a Playtika subsidiary, and highlights ongoing challenges in maintaining momentum post-acquisition in the mobile gaming industry.
Amazon is set to invest over $5 billion in establishing a new AWS region in Taiwan. This significant investment underscores the company's commitment to expanding its cloud services and infrastructure in the region, enhancing technological capabilities and economic growth.
Nazara Technologies has successfully completed the acquisition of Smaaash for INR 126 crore. This strategic move enhances Nazara's portfolio in the gaming and entertainment sector, positioning the company for further growth in the industry.
Lenskart has transitioned into a public entity in preparation for its upcoming IPO. This significant move marks a new chapter for the eyewear retailer as it seeks to expand its market presence and attract investors. The company is poised for growth in the competitive landscape of the optical industry.
AESC has paused construction on its $1.6 billion battery plant in South Carolina due to uncertainties surrounding federal tax breaks and tariffs. The company, which has already invested $1 billion, plans to restart construction but did not specify when. Meanwhile, BMW's plans for its battery assembly site remain unaffected, and South Carolina continues to invest in electric vehicle manufacturing.
A multi-billion dollar AI data campus deal between the US and UAE is reportedly still in the early stages and has not yet been finalized, according to sources. The negotiations highlight the ongoing interest in AI infrastructure development in the region.
Biopeak has successfully raised $3.5 million in funding from notable investors including Prashanth Prakash, the Kamath brothers, and Ranjan Pai. This investment marks a significant milestone for the company as it continues to expand its operations and market presence.
Corporate News
SubCategory
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Lenskart transitions to public company ahead of one billion dollar IPO
11:58 07.06.2025
Amazon halts retail hiring budget for 2025 amid ongoing job cuts
09:08 07.06.2025
Tesla stock rebounds as market value drops amid political tensions
07:32 07.06.2025
Playtika lays off 90 employees amid significant revenue decline in mobile games
06:00 07.06.2025
Amazon announces over five billion dollar investment in new AWS region in Taiwan
00:38 07.06.2025
Nazara acquires Smaaash for 126 crore rupees in strategic move
22:28 06.06.2025
lenskart transitions to public company in preparation for upcoming ipo
21:57 06.06.2025
battery plant construction halted amid electric vehicle and tariff concerns
18:54 06.06.2025
us uae ai data campus deal remains unfinalized sources indicate
17:53 06.06.2025
biopeak secures 3.5 million dollars from prominent investors
17:35 06.06.2025
Trending
Subcategory
Corporate News
Industry Trends
Startups & Entrepreneurship
Emerging Startups
Cryptocurrency Trends
Funding Rounds & Investments
Fintech Startups
Venture Capital Investments
AI Innovations
Retail and Consumer Goods
Global Trade Developments
Private Equity Deals
Crypto Adoption and Integration
Economic Indicators
Government Economic Policies
Market Analysis and Predictions
Crypto Policies and Governance
Product Launches
IPOs & SPACs
Macro-economic Trends
Countries:
Companies:
Nvidia Corporation
NVIDIA Corporation
Microsoft Corporation
Apple Inc.
SWIGGY LIMITED
Vecmocon Technologies Ltd.
Emaar Properties PJSC
Amazon.com Inc.
Medius Holdings Co., Ltd.
SITC International Holdings Company Limited
Firefly AB (publ)
Aeon Bank (M) Berhad Bhd
AF DOBRA, SICAV, S.A.
Alibaba Group Holding Limited
Getty Images Holdings, Inc.
Sunnova Energy International Inc.
QUALCOMM Incorporated
Alphawave IP Group plc
Grab2Go AS
HDB Financial Services Ltd.
Currencies:
People: