Daily Management Review
Business & Finance

Dating service Bumble sets to raise $1.8B at IPO

The dating service Bumble, where only women are allowed to start communication, has decided to raise $1.8 billion for its IPO, although recently the preliminary estimate was about $1 billion. Dating service Bumble increased the amount it plans to raise during its IPO up to $1.8 billion, Bloomberg...

Honda's net income falls by 8.5% for 9 months of 2020-21

Japanese group Honda's net income attributable to company shareholders fell 8.5 percent to 444.1 billion yen ($4.2 billion) for the nine months ended Dec. 31 for fiscal 2020-2021, according to the company's financial statements. Diluted earnings per share were 257.21 yen ($2.4) compared with 276.13...

Hundreds Of Trucks Powered By Natural Gas Ordered By Amazon

With the United States based online retailer Amazon.com Inc trying to find out ways to reduce carbon emission in its fleet of trucks in the country, the company has ordered hundreds of trucks that run on compressed natural, the company has said.   There has been a huge surge in deliveries...

Facebook Benefitting Financially From Fake Pandemic News Spreaders On Its Platform

It has been alleged that the social media platform Facebook is continuing to give the opportunity to its users to make money from the spread of potentially dangerous false theories and misinformation related to the Covid-19 pandemic and its vaccines including allowing users to deploy money-raising...

German Police Does Not Have The Pass Word To Access $60 Million Worth Of Seized Of Bitcoin

A huge cache of more than 50 million euros ($60 million) worth of bitcoin has been seized by prosecutors in Germany from a fraudster.   However the prosecutors are now faced with a peculiar problem – they are unable to unlock the money because the arrested person gas refused to hand over the...

Ford’s Investment In EVs And Self Driving Cars To Double

Even while reporting a net loss of $2.8 billion for the fourth quarter of last year, the United States based auto giant Ford Motor Co has announced its plans to more than doubled the investment that it will make ion development and manufacturing of electric and autonomous vehicles at $29 billion....

J&J Submits Emergency Use Application For Its Covid-19 Vaccine In The US

Johnson & Johnson has sought permission from regulators in the United States for authorization for emergency use of its single-dose COVID-19 vaccine and the company will apply for a similar permission with the European regulators within the next few weeks, the company said on Thursday.  ...

De Beers shows 18% sales growth in January

The world's largest diamond producer, De Beers sold $650 million worth of rough diamonds in January, up 18 percent from January 2020 and 44 percent more than in the last December trading cycle last year. De Beers conducts ten diamond sales in a year, known as trading cycles, each usually lasting...

Microsoft’s Cloud Computing Under Investors’ Watch

Investors are keeping close watch to see if the spending that were stalled have resumed or not. Investors eyes earnings of Microsoft Corporation to detect signs of the latter is still receiving big corporate investors’ support for cloud computing, as smaller businesses show recovery signs sign...

Johnson & Johnson On ‘Single-Dose’ COVID-19 Vaccine Data

Johnson & Johnson’s 2021 profit forecast goes way higher than “Wall Street estimates”. Johnson & Johnson is eager to report about its “COVID-19 vaccine”. Moreover, the company is confident that the upcoming vaccine will “meet the delivery target” for countries with which it has entered into...
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