Porsche increases stake in electric car maker Rimac Automobili to 15.5% – gpgmail

[ad_1] Porsche AG is increasing its stake in Croatian electric vehicle components and hypercar company Rimac Automobili. The increased stake is the latest effort by Porsche to invest more into electric mobility, particularly in battery technology. It was just 14 months ago that Porsche took a 10% stake in Rimac. Now, the German automaker is […]

Starboard Value takes 7.5% stake in Box – gpgmail

[ad_1] Starboard Value, LP revealed in an SEC Form 13D filing last week that it owns a 7.5% stake in Box, the cloud content management company. It is probably not a coincidence that Starboard Value looks for undervalued stocks. Box stock has been on a price roller coaster ride since it went public in 2015 […]

Amazon is acquiring a 49% stake in India’s Future Coupons – gpgmail

[ad_1] Amazon, which has invested over $6 billion in India’s growing internet market, just invested a little more to expand its foothold in the the world’s second largest internet market. The U.S. e-commerce giant is acquiring a 49% stake in Future Coupons, a group entity owned by India’s second largest retail chain Future Group, the latter […]

UPS takes minority stake in self-driving truck startup TuSimple – gpgmail

[ad_1] UPS said Thursday it has taken a minority stake in self-driving truck startup, TuSimple, just months after the two companies began testing the use of autonomous trucks in Arizona. The size of minority investment, which was made by the company’s venture arm UPS Ventures, was not disclosed. The investment and the testing comes as […]

India’s Reliance to buy majority stake in Google-backed Fynd for $42.3M – gpgmail

[ad_1] Indian conglomerate Reliance Industries is acquiring 87.6% stake in Fynd, a seven-year-old Mumbai-based startup that connects brick and mortar retailers with online stores and consumers, for 2.95 billion Indian rupees ($42.33 million), the two said in a brief statement late Saturday. Fynd, which was founded in 2012, helps offline retailers sell their products to […]