7-Eleven teams up with Nuro to test autonomous delivery service in CA
Convenience store chain 7-Eleven is reportedly collaborating with American robotics company Nuro to test a commercial autonomous delivery service in Mountain View, California. Starting December 1, the service will be accessible to customers throug....
PSA agrees to acquire BDP International from Greenbriar Equity Group
PSA International Pte Ltd, a leading port group, has reportedly inked an agreement to acquire all the shares of BDP International Inc., a leading integrated supply chain and logistics solutions provider from private equity firm Greenbriar Equity Grou....
upGrad acquires Global Study Partners to boost study abroad business
India’s largest online higher education firm upGrad has recently announced the acquisition of an international student recruitment company, Global Study Partners, for A$16 million. In addition, the company further made a commitment of A$10 mill....
Visa complains to U.S. govt regarding India’s RuPay promotion
American financial services company, Visa Inc., has reportedly complained to the U.S. government about India’s formal and informal promotion of RuPay, Visa’s local payments rival. As claimed by the U.S.-based company, the act of the India....
BigBasket to enter offline grocery space through USD 53.6 Mn investment
BigBasket, the Tata-owned online grocery firm, is reportedly planning to enter the offline grocery segment by investing around USD 53.6 million (Rs. 400 crores ) in the project. The company plans to expand its presence by opening 200 physical stores ....
NoBroker becomes unicorn by raising $210 Mn in Series E round
NoBroker, a Bengaluru-based company, has reportedly raised USD 210 million in a Series E funding round, making it the first proptech unicorn of India. The round was co-led by General Atlantic and Tiger Global, two existing investors, along with Moore....
Quickbase announces global expansion to cater to market demand
Quickbase Inc. has reportedly announced company growth-related investments and global expansion through strategic employment in India, Ireland, and the United Kingdom along with significant growth across current offices in Salt Lake City, Boston, and....
Swiggy launches Swiggy One program to offer discounts, free deliveries
Food tech company Swiggy has reportedly launched the new Swiggy One membership. The upgraded plan provides all-inclusive coverage of Swiggy services like Swiggy Meat, Swiggy Instamart, Swiggy Genie as well as food delivery. The single-tier members....
Kyndryl & VMware expand partnership to renew app & multicloud services
VMware Inc. and Kyndryl Holdings have reportedly expanded their partnership to focus on multicloud services and app modernization. This partnership expansion will allow customers to transform their businesses and improve their digital innovation with....
Tata Motors announces launch of EV for last-mile delivery sector
Tata Motors Limited has reportedly announced its plans to launch an electric vehicle (EV) for the last-mile delivery sector owing to increasing demand for EVs in the segment. The company is closely working with the e-commerce firms to understand t....
Virtuoso stockholders approve proposed merger with Wejo Group
Virtuoso Acquisition Corp., a special purpose acquisition company, has reportedly announced that its stockholders have sanctioned its merger with Wejo Group Limited at a special shareholders meeting held on November 16, 2021. The merger will be close....
Bentley Systems agrees to acquire Power Line Systems for USD 700 Mn
Bentley Systems Inc. has reportedly agreed to acquire Power Line Systems from private equity company TA Associates for an amount of USD 700 million. The proceeds will be paid either in the form of cash or a combination of Bentley Systems stock and....
Ashok Leyland approaches investors to raise funds for Switch Mobility
Ashok Leyland, the flagship company of Hinduja Group, has reportedly held talks with investors to raise funds for its newly formed EV (electric vehicle) subsidiary Switch Mobility. The Chennai-based automaker is seeking funds for upscaling its produc....
SK Networks partners with LS-Nikko Copper for ICT-focused recycling
South Korean company SK Networks has reportedly partnered with LS-Nikko Copper for improved cooperation of ESG management. The move intends to engage the companies in a collaborative effort for ICT-focused resource recycling. The companies announc....
Ample secures USD 30 Mn to expand battery swapping business to Europe
Ample, a company developing battery swapping tech for EVs, has reportedly secured another USD 30 million from Banco Santander, a Spanish multinational financial service firm, and The Blackstone Group. The major part of the round was contributed by Th....
Oracle collaborates with Bharti Airtel to accelerate cloud business
Oracle Corporation, the cloud service provider, has reportedly announced a partnership with the data center unit of Bharti Airtel Limited, the Indian telecoms group. This expansion will broaden Oracle’s customer access in one of the fastest-gro....
DomainTools acquires Farsight Security to offer top-class threat intel
DomainTools, a leader in DNS-based cyber threat intelligence, has reportedly acquired Farsight Security, a leading provider of passive DNS cyber security data solutions. The acquisition extends a long-standing partnership between the two companies to....
Google.org announces grant of USD 2.5 Mn for three Indian nonprofits
Google.org, the philanthropic arm of tech giant Google, has reportedly announced a grant of USD 2.5 million for three India-based nonprofits- Samhita-Collective Good Foundation, SwaTaleem Foundation, and Pratham Education Foundation. This grant is....
Air France to rapidly increase weekly flights to US as borders reopen
Air France has reportedly planned to ramp up flights across various destinations in the United States as North American borders reopen from November 8. Starting November 8 2021, the airline will schedule around 122 weekly flights to the U.S. instead ....
White Oak Capital Group acquires Yes Bank’s mutual fund business
White Oak Capital Group has reportedly completed the acquisition of Yes Asset Management, the mutual fund business of Yes Bank. GPL Finance and Investments, White Oak’s subsidiary, received approval from SEBI to acquire Yes Asset Management fro....
Reliance Industries to open Jio Drive-in theatre, Bay Club at JWD
Jio World Drive (JWD), the premium retail mall of Reliance Industries, has reportedly planned to launch Jio Drive-In, the first rooftop, open-air theatre in Mumbai at the Bandra Kurla Complex. This announcement comes as JWD launches a variety of inge....