Two big pieces of news hit the education market recently, both in the for-profit college sector. read more. : On July 29, Strategic Education Inc (NASDAQ: STRA) bought schools and education programs operating in Australia and New Zealand from Laureate Education Inc (NASDAQ: LAUR) for $643 million in cash. The deal will bring a number of brands and an estimated 19,000 students into the Strategic bundle, which already include the for-profit, nearly entirely online colleges Strayer and Capella. With the acquisition, Strategic will have nearly 110,000 students paying, or getting grants and taking loans, to study with them.
Bengaluru-headquartered consumer lending startup ZestMoney has raised a fresh equity round of over INR 80 Cr from Singapore-based venture capital...
Minister Siddharth Nath Singh said that many US companies have agreed to invest in the state. : PepsiCo India has decided to increase its investment from Rs 500 crore to Rs 800 crore in Uttar Pradesh. This would provide direct and indirect employment to over 1500 people in the state. The UP MSME and export promotion minister Siddharth Nath Singh while giving this information said that earlier PepsiCo was to invest Rs 500 crore in the potato chips plant at Mathura, which has been increased now. He said that many other US companies have agreed to invest in the state.
COVID-19-related business has helped to lift the fortunes of leading China drug entrepreneurs. : Zhong Huijuan, one of the world's wealthiest women, led the way on new list of China's richest people in healthcare published in the latest issue of Forbes China, the Chinese-language edition of Forbes. Zhong, 59, chairs Hansoh Pharmaceutical Group, a Hong Kong-listed supplier of cancer and diabetes treatments. Zhong had an estimated fortune worth $19.8 billion as of July 17, the pricing date for the new list. That compares with her fortune of $14.6 billion on the 2020 Forbes Billionaires List priced on March 18.
Chinese electric vehicle (EV) maker Xpeng Inc, backed by Alibaba and Xiaomi Corp , has filed to list its shares in New York, seeking to ride enthusiasm for EVs even as U.S.-China relations are strained.
Here's a selection of Business Standard opinion pieces for the day. : Fervid hopes invested in the quick rollout of a Covid-19 vaccine have been boosted now that the Bill and Melinda Gates Foundation has provided Pune-based Serum Institute $150 million "at-risk funds" to manufacture the vaccine being developed in collaboration with the University of Oxford, Astra-Zeneca and Novavax, a front-runner in the global Covid-19 vaccine race. That tops up the $200 million of capital that Adar Poonawalla is sinking into this venture. The vaccine is expected to inject recovery into a stalled global economy.
The world needs to spend $6.7 trillion on water infrastructure by 2030, according to the UN, not just for the urgent sanitation needs, but to tackle longer term issues from the pandemic.
EV makers have been enjoying a surge in investor interest after share price gains this year by Tesla and NIO. The post Chinese electric vehicle maker XPeng Motors files for US IPO appeared first on DealStreetAsia.
(Bloomberg) -- The news landed just after 9 p.m. U.S. Pacific time: the investment chief at California's massive state pension fund was abruptly stepping down. Before dawn the next day, Sacramento was abuzz -- and a sense of crisis was descending over the mighty California Public Employees' Retirement System. Wednesday night's shock departure of Ben Meng reverberated through the state capital and then across Wall Street on Thursday, where the $400 billion Calpers is a powerful player in everything from the stock market to private equity. Meng, in an interview, said he'd left to focus on his health and family.
Blackstone's acquisition of a 49 percent stake in Hudson Pacific Properties and its $1.65 billion Hollywood real estate portfolio is a big bet on the demand for space from content creators like Netflix. The streaming giant also happens to be the largest studio tenant in the HPP portfolio. And now we know how much they're paying. (Related: Inside Hudson Pacific and Blackstone's field of streams ) Like many of Blackstone's recent blockbuster buys, such as ... [more] The post TRD Insights: Here's what Netflix, Disney and CBS pay at HPP-Blackstone Hollywood studios appeared first on The Real Deal Miami.