IPO Oversubscribed Ahead Of Trading Debut Says Volvo Cars
Gothenburg-based Volvo Car said on October 29 that their Initial Public Offering (IPO) was oversubscribed, ''as it attracted strong interests from the institutional investors'' in Sweden's Stockholm. Reportedly, the IPO was priced at 6.22 dollars per share, and the company wishes to distribute nearly 380 million new shares. Once shares are sold, the company will also use the money for its electric-only model line-up.
Tags: Volvo, Stock market, Sweden, Electric Car, IPO
Courtesy: Reuters
Photo: Reuters
Sweden To No Longer Provide Support To Afghanistan: Swedish Minister
Olsson Fridh, Minister for International Development for Sweden, said that "Afghanistan will soon face more political crisis with the economy to free-fall, creating an environment for terror groups to thrive". The country has spurned into crisis following the collapse of western government's support due to Taliban's takeover. Fridh further stated that Sweden would no longer provide "any support" in the near future.
Tags: Afghanistan, Sweden, Terrorism, Olsson Fridh
Courtesy: Reuters
Photo: BBC
US Surveilled Top European Politicians From 2012-14: Denmark Media
Danmarks Radio (DR), the Danish public broadcaster, has said that the US National Security Agency (NSA) used Danish intelligence to spy on European politicians from 2012-14. According to DR, the NSA used Danish data cables to spy on top politicians, including German Chancellor Angela Merkel and other officials from Norway, Germany and Sweden. However, it is still unclear that whether Denmark itself allowed the use of its surveillance system… read-more
Tags: USA, Denmark, Sweden, Germany
Courtesy: NDTV
Photo : DNA
Denmark PM To Visit India; Will Discuss Green Strategic Partnership
Denmark's PM Mette Frederiksen will be visiting India in mid-April owing to the bilateral Green Strategic Partnership. Reportedly, there has been a notable outreach between India and the Nordic countries after the first virtual summit between Prime Ministers Frederiksen and Narendra Modi in 2020. Earlier, India had participated in virtual summits with three nordic countries Denmark, Sweden, and Finland to discuss key issues like the COVID-19… read-more
Tags: Denmark, India, Virtual Conference, Sweden
Courtesy: Zee News
Photo: Scroll
Sweden's Liberal Democracy Index Rates India As ‘Electoral Autocracy’
Sweden-based V-Dem (Varieties of Democracy) Institute has labelled India as an 'Electoral Autocracy' alongside Hungary and Turkey in its annual report. Citing constraints on various democratic aspects, the report said, “The world’s largest democracy turned into an electoral autocracy: India with 1.37 billion citizens.” The institute called India's 23% point drop on its 0-to-1 Liberal Democracy Index scale as "one of the most dramatic shifts… read-more
Tags: Democracy, Sweden, Autocracy, India, Varieties of Democracy, Liberal Democracy Index
Courtesy: Hindustan Times
Photo: Bloomberg
Scania Admits Bribery For Indian Contracts; Indian Minister Involved
Investigations by news outlets have revealed that the Swedish automaker Scania's employees paid bribes to win bus contracts in seven Indian states during 2013-2016. Reportedly, the company had falsified truck models with fake chassis numbers and license plate and earned nearly $11.8 million by selling them to an Indian mining company. The investigative report by Swedish news channel SVT had revealed the involvement of an Indian Minister.
Tags: Sweden, Scania, Bribe, Sveriges Television
Courtesy: The Wire
Photo: Icehotel.com
Sweden Owns Only Ice Hotel In World Which Doesn't Melt In Summer
A Swedish hotel, known as 'Ice Hotel 365', is the only ice art hall in the world which does not even melt in summers. Located on north Artic Circle in Jukkasjarvi village, the roof of the structure is embedded with 20 cm insulation to protect it from melting during summers. In addition, the 2,100-square-metre building, portraying art exhibition in day time, turns into deluxe suites and ice bar equipped hotel at the night.
Tags: Sweden, Ice Hotel, Jukkasjarvi, Arctic Circle, Tourism
Courtesy: Times Now
Photo: FutureCar
Geely Auto, Volvo Collab To Develop Next-Gen Powertrain Technology
Volvo Cars is eyeing to collaborate with Chinese MNC Geely Auto to develop powertrain operation including next-gen technology for vehicles. Aimed at providing internal combustion engines and transmissions to automobile makers, the merger will jointly source electric motors and connectivity solutions to generate valuable synergies. Besides, the collaboration also includes developing Autonomous Driving to enhance the experience. Volvo CEO Hakan… read-more
Tags: Volvo, Geely Cars, Sweden, Collaberation, Autonomus Driving
Courtesy: Car and Bike
Photo: India TV News
Govt Identifies 42 Lakh Jobs In 12 Countries; Initiate Talks To Satiate
After identifying 42 lakh jobs in 12 countries, the central government plans to send workforce trained at Pradhan Mantri Kaushal Kendras and Industrial Training Institutes. While the Skill Development ministry has initiated talks with the countries for the blue and grey-collar job, the centre signed an… read-more
Tags: Jobs, Skilled Indians, Overseas Job, Skill Development Ministry, Gulf Countries, Sweden
Courtesy: The Print
Photo: Spotify
Spotify Launches Pocket Friendly 'Premium Mini' Subscription In India
To expand its user base in India, the Swedish music-streaming giant Spotify has unveiled 'Premium Mini' plan on December 15. As per the new plan, customers will be charged Rs 7 for a 1-day plan and Rs 25 for a week's plan. Moreover, they can listen to ad-free music in a single device and can download up to 30 songs. However, the Premium plan allows downloading up to 10,000 songs.
Tags: Sweden, spotify, Premium Plan, Premium Mini
Courtesy: Times Now
