ElectrifAi-OXIO form business alliance to personalize phone plan rates
ElectrifAi, a global leader in machine learning models, has recently announced a business collaboration with a telecommunications company, OXIO, to personalize rates of phone plans. The company will combine its domain expertise with that of OXIO to e....
Hyundai to recall Kona EV & more electric vehicles over battery issues
Hyundai Motor Co, a South Korean automotive manufacturer, has reportedly announced plans to replace the battery systems in over 82,000 EVs (electric vehicles) worldwide due to fire risks. This initiative or EV recall is expected to cost the company a....
Adani-EdgeConneX announce joint venture to build data centers in India
Adani Enterprises Limited, an integrated business conglomerate, and EdgeConneX, a leading-edge data center provider, have recently announced a 50/50 joint venture deal. This data center company operates 50 facilities across 30 markets worldwide. T....
Jet Airways’ share price soars 5% after flight resumption announcement
Share price of Jet Airways, an Indian international airline, has reportedly soared by 5%, hitting the upper circuit of ?114.90 ($1.59) per share on the Bombay Stock Exchange. This significant increase in share price happened along the heels of the an....
Chandrayaan-3 launch postponed to 2022, reveals ISRO chief K Sivan
In a quick turn of events, the current Secretary and ex-officio chairman of ISRO (Indian Space Research Organization), K Sivan has reportedly revealed that India's third mission to the Moon, Chandrayaan-3, is anticipated to be launched in 2022. ....
Nestle sells water brands in North America to private equity firms
Nestle, a Swiss food and drink processing company, is reportedly selling its bottled water business in North America to Metropoulos and Co. and One Rock Capital Partners. This pair of private equity firms will pay $4.3 billion for 8 Nestle water bran....
Tata Group to acquire majority stake in BigBasket for super app launch
Indian salt-to-software conglomerate Tata Group is reportedly set to acquire a majority stake of 68% in online grocery firm BigBasket. The deal, which is valued at approximately Rs 9,100-Rs 9,200 crore, was finalized earlier in the month. Followin....
Byju’s plans to acquire edtech rival Toppr in a USD 150 million deal
The news of this deal comes along the heels of Byju’s acquisition deal with Aakash Educational Services, valued over USD 1 billion The companies held talks over the past two months and the deal will be soon finalized, a report said ....
Eupheus Learning raises a Series B funding of USD 4.1 million
The funding will help the company in expanding their business in the West Asia market, claim sources with knowledge of the matter Eupheus Learning, a B2B edutech company, has reportedly landed a funding of USD 4.1 million. This Series B fundi....
ADQ to invest $70Mn in Etechaces ahead of Policybazaar’s IPO in 2021
ADQ, a public joint-stock company, is reportedly planning to make a $70 million investment in Etechaces Marketing and Consulting, a fin-tech marketing company. This investment in the parent company of Policybazaar and Paisabazaar is targeted to be re....
IDEMIA-Honeywell join hands to develop intelligent building ecosystem
Connected buildings industry leader Honeywell and AR global leader IDEMIA have reportedly inked a strategic collaboration for the development of an intelligent building ecosystem. Geared towards providing a seamless and improved experience to occupan....
Volkswagen to probe possibilities of flying vehicles in China
Volkswagen, an automobile & commercial vehicle manufacturer, has reportedly become the latest automaker to explore the possibilities of flying vehicles in China. As per the reported statement made by the German automaker, vertical mobility is ....
Kong raises USD 100 million for upscaling cloud infrastructure
The series D funding, initiated by Tiger Global Management, will surge the company’s valuation to USD 1.4 billion Software and managed services provider, Kong, has recently raised USD 100 million in Series D funding to boost cloud conne....
BevCanna enters definitive agreement to acquire Naturo Group
BevCanna Enterprises Inc., a manufacturer of cannabinoid-infused beverages, has recently entered a definitive agreement to acquire Naturo Group Investments Inc. The two companies have reportedly completed the exchange of the disclosure schedules. ....
ITC to deploy crowd-sourcing systems to drive digital switch
Leading multinational conglomerate, ITC, which has incorporated digital technologies for its businesses, is reportedly heading towards the next phase of a digital switch. Following its plans, the enterprise has come up with two initiatives, namely....
Hero MotoCorp sets up new vertical to boost Harley-Davidson business
Indian motorcycle and scooter manufacturer, Hero MotoCorp Ltd, has recently announced the development of a separate vertical, in a bid to boost the company’s Harley-Davidson business as well as merchandise distribution in the region. The lar....
Lineage completes 12 transactions to boost facility network in Europe
Lineage Logistics, LLC, a warehousing and logistics company, has recently announced the completion of 12 transactions in Europe to strengthen its global facility network. For the record, Lineage Logistics has entered strategic acquisition deals ac....
RBI appoints an external IT firm for HDFC Bank’s Infrastructure audit
The Reserve Bank of India (RBI) has reportedly hired an external professional IT company to carry out the IT Infrastructure audits for HDFC Bank and has appealed to the company for a report at the earliest. Apparently, this move is a part of RBI&r....
Google shuts down its in-house Stadia game development division
Google, a multinational technology company, has recently announced the shutdown of its in-house Stadia game development division. The announcement was made with an objective to stream games from various developers on its Stadia platform, rather than ....
Expert warns U.S. citizens to brace for deadly UK COVID-19 strain
A prominent infectious disease expert has recently predicted that a dominant and more deadly UK strain of the coronavirus is expected to drastically hit the U.S. in coming days. This forecast came amid a rapid rise in the number of infected people wi....
RIL reveals new brand identity for its sports & lifestyle business
Reliance Industries Ltd., also known as RIL, has recently announced its decision to rebrand its sports & lifestyle business. The new brand identity, RISE Worldwide Ltd., will aid the company’s ventures in the growing industries both domesti....