About Author : Pankaj Singh

Google revives plans to launch News Showcase website in Australia

Google, a multinational technology company, is reportedly reviving plans to launch its news website, News Showcase, over the next few weeks in Australia. This happened along the heels of its ongoing conflict with the world-first proposed laws regardi...

Wabtec bags train components order for Singapore Mass Rapid Transit

Wabtec Corporation, a leading systems, equipment, value-added services and digital solutions provider, has reportedly announced that it has bagged a new order from South Korean firm, Hyundai Rotem Company, for supplying numerous key train cars compon...

SEBI grants conditional approval to $3.7Bn Future Group-Reliance deal

SEBI, the securities regulator, has recently granted conditional approval to a scheme of arrangement & asset sale of Future Group to the retail business of Reliance Industries. Based on this approval, the ?27,513-crore ($3.7 billion) deal has als...

WhatsApp’s rival Hike shuts down & disappears from app stores in India

Hike, a cross-platform instant messaging app backed by SoftBank Group, has recently shut down and disappeared from the app stores in India. This instant messaging app initially aimed at holding a major share and competing against its rival, WhatsApp,...

Dunzo secures $40M in funding from Google, Lightbox & other investors

Dunzo, an Indian delivery service provider, has recently raised a fresh funding round worth $40 million (?292.7 crore) led by Google and Lightbox, among other investors. As per authentic sources, the recent funding saw participation from existing ...

IT firm Wipro completes share buyback program worth $1.29 billion

Wipro, an Indian information technology company, has recently announced the completion of its share buyback program of ?9,500 crore ($1.29 billion). Sources familiar with the matter have reported that the recent buyback program has resulted in ten...

WhatsApp delays the application of privacy terms following backlash

The messaging giant WhatsApp recently declared that it is planning not to enforce and apply the planned update to its new policy, that is their data-sharing policy, till May 15, 2021. This announcement comes a few weeks after news about the latest te...

Google India to remove personal loan apps in violation of user policies

The tech company conducted a review of several money apps on the Play Store in India, based on user and government flags Warnings were issued to remaining apps to comply with existing safety norms, or face removal Global tech giant Google h...

XPeng signs strategic collaboration deal with domestic banks in China

XPeng Inc., a Chinese electric vehicle manufacturer, has reportedly inked a strategic collaboration deal with the leading domestic banks. The agreement was recently entered at a signing ceremony held in Guangzhou, China, following which, the company ...

Saudi Arabia resumes flights to Qatar as part of a political reconciliation

Saudi Arabia resumes flight to Doha for the first time in three years Weekly flights will operate from Jeddah and Riyadh to Doha The decision comes after Saudi Arabia and its allies agreed to completely restore ties with Qatar As per the ...

NIO announces adoption of NVIDIA DRIVE Orin™ SoC in its next-gen EVs

NIO, an automobile company, has reportedly announced the adoption of the NVIDIA DRIVE Orin™ SoC (system-on-a-chip) in its new-gen electric vehicles. This technology deployment will enable the delivery of advanced automated driving capabilities....

Facebook rolls out new page design updates and innovations

Social media giant Facebook Inc has come along with new ideas and updates for Facebook Pages. The company has reportedly announced a significant upgrade to the old Facebook Page, experience mainly for public figures and creators, which includes a bra...

Airtel moves Supreme Court of India to lower dues as per AGR fees

Bharti Airtel has reportedly moved the Supreme Court of India seeking to lower dues that are payable as per the AGR (aggregated gross revenue) fees. The Indian telecom company has cited that the main reason behind requesting the dues adjustment is...

Twitter to acquire podcast app Breaker to work on Twitter Spaces

Breaker, a social podcast app, has recently announced its acquisition by Twitter Inc, a social networking company, following which, it will shut down its website and app. The financial terms of the agreement have not been disclosed. The deal was e...

Nissan India to recruit 1,000 people to increase Magnite production

Nissan India has reportedly announced plans to recruit 1,000 people in its manufacturing facility to decrease the waiting period for Nissan Magnite to two to three months. Sources cite that SUV Nissan Magnite is considered as the most successful c...

Indian government invites EOI to sell 26% stake in BEML Limited

Central Government of India has reportedly invited EOI (Expression of Interest) for the strategic sale of its 26% stake in BEML Limited (Bharat Earth Movers Limited). The government presently holds a 54.03% stake in total in this state-owned defense ...

Companies emphasize on diabetic foot ulcers in advanced wound care industry

A seismic rise in leg ulcer patient and dramatic upsurge in diabetic population have propelled the global advanced care market share. Companies are coming up with a slew of products that may provide skin protection, reduce adherence, provide antimicr...

US congress approves USD 900 billion new COVID-19 relief packages

The U.S. House has reportedly approved a USD 900 billion COVID-19 support package, throwing a lifeline to the country’s pandemic-affected economy after months of inaction. President Trump is expected to sign the package into law. The governm...

Edtech startup upGrad buys The Gate Academy for an undisclosed amount

upGrad, an emerging Indian Edtech startup, has reportedly forayed into the test preparation industry through the acquisition of TGA (The Gate Academy). However, the company did not disclose any financial terms regarding this takeover bid. Followin...

Unitus chooses Payrailz to better lead its digital P2P efforts

Payrailz®, a leading digital payments firm offering engaging and advanced payment experiences to credit unions and banks across the U.S., has reportedly announced that the Unitus Community Credit Union is now a novel investor in CU Railz, with pl...

Germany, UK, & US could likely begin COVID-19 vaccinations in December

As the G20 leaders vow to ensure fair distribution of COVID-19 vaccines, tests, and drugs worldwide, Germany, UK, and US, each have reportedly announced their plans of starting vaccinations in their respective countries by December. Meanwhile, Spain ...

Ontic buys four aircraft instrument production rights from Flightline

Ontic, a leading player in the aerospace sector and the company behind ‘Extended Life Solutions’ for OEM (Original Equipment Manufacturer) legacy products, has reportedly purchased full production rights for four aircraft instruments from...

US based Maidbot closes Series B investment round led by RB Group

Maidbot, a US based company leading the commercial services robotics industry, has reportedly announced the completion of its Series B investment round. However, the company did not disclose any financial terms of the funding. RB (Reckitt Benckise...

Bezos Announces $791 Mn as the First Grants of his $10 Bn Earth Fund

Jeff Bezos, Amazon CEO declared the 16 environmental organizations that will get $791 million as the first grantees’ round for his $10 billion Bezos Earth Fund. The list comprises long-standing, well-funded organizations that are committed to p...

Google Gets a Nod from India for its $4.5 Bn deal with Jio Platforms

India’s antitrust regulator, the Competition Commission of India (CCI), has approved the investment of $4.5 billion proposed by Google in Reliance’s Jio platform. The American tech giant announced in July that it was likely to invest $...

ByteDance Files a Petition in the US Court Regarding TikTok Sale Order

ByteDance, the Chinese owner of the video-sharing app TikTok, has filed a plea with the US Appeals Court asking it to intervene to prevent the U.S. government from divesting TikTok. TikTok stated that the app is facing frequent new requests and is...

Pfizer & Biontech Announced the Success of BNT162b2 Against Covid-19

Pfizer Inc and BioNTech SE stated that their mRNA-based vaccine candidate revealed that BNT162b2, their mRNA-based vaccine candidate against SARS-CoV-2 has shown proof of effectiveness against COVID-19 in members without previous indication of SARS-C...

Optomec to launch 2 new 3D metal printers at Formnext 2020 exhibition

Optomec, a renowned 3D printed metals and electronics manufacturing, firm will reportedly launch two novel 3D metal printers during the Formnext 2020 exhibition, which is being conducted between 10 November to 12 November 2020. Both metal printers ar...

Marg ERP and Paytm Team-up to Streamline Transactions for MSMEs

Marg ERP, India’s one of the biggest providers of enterprise solutions with more than 50% market share in FMCG and Pharma sector nationally, has partnered with Paytm to simplify transactions for MSMEs. This collaboration empowers MSMEs utilizin...

Turkish Authorities Fine Facebook and Twitter for Breaking the New Law

The Turkish authorities have fined Twitter, Facebook, TikTok, Instagram, and Periscope with 10 million Turkish lire ($1.2 million) each for missing the deadline of appointing a country representative, confirmed Omer Fatih Sayan, the deputy minister o...

Intel acquires another machine learning modeling company Cnvrg.io

Chip giant Intel has now acquired another startup for furthering its project on AI operations and machine learning. The Israeli company, Cnvrg.io, which Intel has purchased, has created a platform for data scientists, enabling them to build and opera...

Apple to Launch Arm-based Macs in its “One More Thing” Event

Apple is organizing its event, “One More Thing” on November 10th in which the company is expected to unveil its first Arm-based Macs that work on Apple Silicon chips rather than Intel processors that the company issued since 2005. The ...

Apple amplifying efforts to develop an alternative to Google search

Apple is reportedly stepping up its efforts to develop a Google search engine alternative for iPhones as its relationship with Google coming into question. Apple receives billions of dollars on an annual basis in exchange of making Goo...

SpaceX successfully launches another batch of Starlink satellites

California-based rocket developer, SpaceX has reportedly launched its latest fleet of Starlink satellites into orbit in a bid to provide high-speed internet services across the northern parts of the United States and Canada. This is the 15th Starlink...

Ireland’s DPC to investigate Facebook for Children's Data on Instagram

Ireland’s Data Protection Commission (DPC), key data privacy regulator in the EU has started two inquiries on Facebook Inc after issues regarding the company’s handling of children's personal data on Instagram were raised. Graham D...

Cloudbet Announces the Integration of Pax Gold to its Platform

Cloudbet, the leading crypto casino, and sportsbook, announced that it has integrated Pax Gold to its platform, allowing participants to bet online with gold for the first time in history. The deployment of betting on a crypto-gaming platform sign...

Nokia to Revamp its IT Infrastructure; Signs a 5 Year Deal with Google

Finland's Nokia announced that it has signed a five-year agreement with Google to replace its IT infrastructure with Google's Cloud offering as the company seeks to cut costs. The company confirmed in a statement that the deal is to foster...

WA’s Coal-Fired Electricity Capacity to Phase Out in Five Years

With rising reviewable energy, over half of the left coal-fired electricity capacity of Western Australia could phase out within 5 years. Bill Johnston, the Energy Minister will launch a 20-year blueprint for WA's biggest electricity system, w...

India’s Future Group receives legal notice from retail company Amazon

E-commerce conglomerate Amazon has reportedly sent a legal notice to one of the most prominent retail chain in India, Future Group, also the second-largest in the nation, on the grounds of breaching the terms of its contract. If sources are to be bel...

Paytm Launches of its Mini-App Store to Support the Indian Developers

Paytm, the digital payments enterprise launched his mini-app store to help India-based developers, in a direct contest to Google’s dominance in the space. The launch of the store comes after the app was temporarily removed on 18th September ...

Google Postpones 30% In-App Commission for India to March 2022

Google announced that it is postponing the deadline for India-based developers to integrate with its Play store billing system by 31st March 2022. The development occurred after various Indian startups and developers had raised concerns regarding ...

Epic Games Announces Acquisition of Kid Tech Platform SuperAwesome

Epic Games announced that it has acquired SuperAwesome, a leader in the “child tech” market that provides age-appropriate advertising and safe digital experiences to kids. The acquisition is followed days after Epic's $15 million i...

UK-based CloudMargin raises $15 million in series B capital round

CloudMargin Limited, a developer of an easy-to-use collateral management platform for major firms, has reportedly raised USD 15 million in series B capital round led by Deutsche Börse. The funding round also marked the presence of Tier-1 global ...

Facebook claims its EU operations to be at risk due to inquest

Facebook voiced to Ireland’s High Court that it is not sure how it could operate its services in the European Union if the supervisors restrict its data transfer mechanism. The EU regulator of Facebook, the Irish Data Protection Commission had ...

General Motors Announces Partnership with Nikola - Gets 11% Stakes

General Motors and Nikola announced their partnership through which the former took a $2 billion stake in the electric truck startup. General Motors will support Nikola to produce its wild fuel cell pickup truck by 2022 end. According to the reports,...

KKR in Talks to Invest $1 Billion in the Reliance Retail Venture

KKR & Co., an American investment company is in advance talks to invest around $1 billion in the Reliance Retail business. This deal would mark as another US investment in the enterprise after Silver Lake’s deal. According to the reports...

Apple’s Special Event, ‘Time Flies’ to be Conducted on September 15

Apple Inc announced that it has scheduled a special event called ‘Time Flies’ on 15th September. Investors are fans are expecting an addition in the company’s core product portfolio. The company usually launches its important produc...

Aetina rolls out new AN810-XNX edge AI computer leveraging capability

Edge AI computing solutions provider, Aetina Corporation, has reportedly launched new NVIDIA Jetson Xavier NX computer leveraging capabilities called AN810-XNX edge AI. This edge AI computer offers several I/O slot alternatives developed on the basis...

Verizon and Amazon likely to invest more than $4B in Vodafone Idea

American wireless carrier, Verizon Communications, and Amazon.com are reportedly expected to make an investment of over $4 billion for a stake in the Indian telecom firm, Vodafone Idea Limited. The announcement has led to a 10 per cent surge in the s...

Byju’s raises $122 million from Russian billionaire’s DST Global

The global C0VID-19 pandemic has brought about a considerable increase in the demand for educational technology, leading to companies such as Byju’s, Class Plus, Toppr, Vedantu, and Unacademy effortlessly gaining users and raising funds. To tha...

Luminar is Going Public Through a ‘Reverse Merger’ with SPAC

Luminar, a manufacturer of LIDAR sensors and other parts necessary for autonomous driving technology, is the most recent transportation firm to go public through a ‘reverse merger’ with a special purpose acquisition company (SPAC). The...

SSI & FRB Team Up for a New Venture, Hemp Science Center of Excellence

Shimadzu Scientific Instruments (SSI), a Japanese measuring instruments and medical equipment manufacturing company, and Front Range Biosciences (FRB), a biotechnology company, announced their partnership to form a new venture, Hemp Science Center of...

Elon Musk’s SpaceX raises $1.9 billion, reveals company in SEC filing

SpaceX, the aerospace and space transportation giant has reportedly raised massive funding of $1.9 billion as disclosed in an SEC filing. As earlier reported by Bloomberg, the investment round was under talks and was said to increase the space launch...

MOBILion secures $35 million from its latest Series B financing round

MOBILion intends to expand the development of its product offerings for diagnostic applications and pharma QC MOBILion Systems, a Pennsylvania-based biotechnology company that focuses on pioneering efficient, fast and high-resolution instrume...

Tech Giant Google Transforms Android Phones into Earthquake Detectors

American multinational technology company, Google has decided to transform its Android phones into earthquake sensors. The alerting feature was first rolled out in California. Google will start working with the U.S. Geological Survey and send the ear...

Microsoft Encounters Technical Issues in TikTok Bid, Risks Trump’s Ire

In a bid that seems to be technically complicated, Microsoft announced plans to carve out parts of TikTok from ByteDance. The move, as per sources, risks the wrath of President Donald Trump's administration. Trump has set a deadline of 15th Sept ...

Uber intends to purchase UK-based taxi tech company Autocab

This move would expand Uber’s geographical presence Uber also intends to extend its work-from-home date till June 2021 Ride-hailing company, Uber Technologies, Inc. has recently announced that it is planning to acquire Briti...

Reliance becomes world’s second-ranked energy firm, overtakes Exxon

The Indian firm boosted early trading gains by around 2 percent on Monday. The digital platform Reliance Jio sold approximately 32.94% of the stake to 13 separate investors to clear its debt by March 2021. Reliance Indus...

Valr cryptocurrency exchange raises $3.4M via Series-A funding round

South African cryptocurrency exchange, Valr, has reportedly announced that it has raised a value of $3.4 million in a Series-A funding round led by Bitmex’s parent organization, 100x Group. While 4Di Capital had also participated in the funding...

Milken Institute launches new alliance to enhance dementia care

The Milken Institute Center for the Future of Aging has reportedly introduced the Alliance to Increase Dementia Treatment. The coalition will aim to change and strengthen the diverse health and long-term care services to help people dealing with deme...

Alleo Health System buys Cookeville-based Upper Cumberland Hospice

The recently founded company, Alleo Health System has reportedly announced its acquisition of Cookeville-based Upper Cumberland Hospice and Palliative Care Services for an undisclosed amount. According to Tracy Wood, the President and CEO of Alleo...

Uber officially takes over food delivery service Postmates for $2.6B

American ride-hailing company, Uber Technologies, has reportedly announced that it has acquired food delivery service, Postmates, for a total worth of $2.65 billion. Sources claim that Uber has been desperately looking for ways to make up for the ...

ICMR’s Independent day vaccine Deadline is 'unfeasible', says IASc

The Indian Academy of Science( IASc) has become the new voice to criticize the Indian Medical Research Council's decision to launch a new coronavirus vaccine on 15 August IASc said that the timeline raised unimaginable hope and asp...

Disney announces plans to reopen Florida’s theme parks on 11th July

The ongoing coronavirus pandemic has disrupted international travel plans, as lockdown measures have restrained people from moving around. As such, the travel industry has been the most affected by the pandemic with almost every other travel destinat...

SyncMedia buys media tech start-up Adorithm for USD 1 million

SyncMedia, the Gurugram-based firm offering full-suite analytics & advertising services, has reportedly acquired media-tech company Adorithm for USD 1 million. Sources familiar with the knowledge of matter cite that SyncMedia will acquir...

Mapletree Investments buys Pune-based logistics park for ?300 crores

Mapletree Investments Pte Ltd, the Singapore-based real estate development, investment, capital, and property Management Company, has reportedly invested ?300 crores in a logistics park project of Pune's KSH Infra Industrial Park Pvt. Ltd. Acc...

FlipHTML5 introduces remote teaching resources for distance teaching

Flipbook generator FlipHTML5 has reportedly announced that it is offering easy access to remote teaching resources to teachers and students further allowing them to create and share teaching materials irrespective of time and location. According t...

Hanwha Group declares to take over Phasor Solutions antenna company

Hanwha Group has announced its acquisition of Phasor Solutions Ltd., a British company specializing in the development of satellite communication antenna. The takeover has been initiated citing the growth potential of the satellite comm...

ACCC plans to further investigate Qantas’s stake in Alliance

The Australian Competition and Consumer Commission has reportedly announced that it would continue the investigation of the case concerning the acquisition of some stake by Qantas Airways in Alliance Airlines. On February 1, 2019, Qantas Airways h...

Microsoft in discussions with Jio Platform for an investment worth $2B

Microsoft Corp. has been under negotiations for an investment of up to US$2 billion into Jio Platforms Ltd, the company of Indian billionaire Mukesh Ambani. The latter falls under the digital unit of the most valued company in India. According to ...

Seattle startup DefinedCrowd raises USD 50M in Series B round

From Silicon Valley to Shanghai to London, AI start-ups have been growing considerably since the past few years. From time to time, one encounters incidences of AI companies raising a considerable amount of capital aimed at strengthening operational ...

Mercedes Benz India reveals finance options to support customers

As the COVID-19 pandemic is rapidly spreading across the globe, businesses worldwide are rethinking their strategies to survive in this tough period. The automotive industry is one such sector which is trying to innovate in the face of these challeng...

TCL joins hands with MBC to launch Android TVs in ‘Shahid’ app

Chinese television major TCL Electronics Holdings Ltd., has reportedly announced an official partnership with Middle East and North Africa (MENA) based broadcasting company Middle East Broadcasting Center also called MBC Group. This partnership will ...

Facebook creates ‘Shops’ platform to support businesses online

California based social media giant and technology major Facebook Inc., has reportedly launched its online business platform Facebook ‘Shops’ to promote online sales in the critical economic situation faced by businesses worldwide. This n...

Ergomed officially joins hands with DataRobot and Automation Anywhere

Ergomed plc, a global company renowned for providing specialized services to the pharmaceutical industry, has reportedly announced the strategic collaboration of PrimeVigilance with Automation Anywhere, a global leader in Robotic Process Automation (...

SoftBank plans to sell T-Mobile US shares to Deutsche Telekom

SoftBank intends to sell its T-Mobile U.S. shares It plans to raise a revenue of $41 billion Deutsche Telekom’s share in the carrier is likely to rise above 50% Japanese telecommunications conglomerate SoftBank Group Corpo...

Indian government to extend anti-dumping duty on 25 Chinese products

In a bid to boost domestic manufacturing in India, Government authorities may extend anti-dumping duties and safeguard levies on around 25 Chinese products. This news comes amid the growing concern that a rapid influx of imports may prove detrimental...

Indian Govt partners with telecom giants for COVID-19 contact tracing

Despite being the second-most populous nation in the world, India seems to have successfully restrained the spread of the coronavirus virus as compared to other nations like the United States and Italy. Proactive steps taken by the Indian Govern...

Mexican lawmakers plan to legalize cannabis for economic recovery

Julio Ramón Menchaca Salaza, a Mexican Senator, is planning to be banking on legalization of marijuana to generate tax revenue in a bid to compensate for the economic distress caused by the COVID-19 pandemic. The Mexican senator believ...

SecurityTrax introduces new customizable cloud-based CRM Platform

SecurityTrax, an Alarm.com Holdings Inc.’s company, has reportedly introduced a customizable cloud-based platform that integrates business operations of automation and security providers including CRM (customer relationship management). The red...

IBM reports low quarter, secures profit by high cloud services demand

International Business Machine Corps. (IBM) recently reported a lower quarter as coronavirus pandemics hit software sales, as the clients began to focus on saving capitals. Subsequently, IBM has withdrawn the 2020 guidance owing to COVID-19 impact. T...

United Airlines decides to sell 22 aircraft to Bank of China Aviation

With the COVID-19 pandemic spreading worldwide, airlines have started to explore new avenues to sustain their businesses. Recently, United Airlines, a prominent American airline, made a similar move when it decided to sell and lease back 22 aircraft ...

Streaming giant Netflix surpasses Disney in terms of revenue

With Disney’s resorts and parks shuttered across the world, not to mention, cinema theatres, due to the on-going COVID-19 pandemic, the company’s revenue has been rigorously compromised, paving the path for the expansion of streaming comp...

Lionsgate announces plans to stream popular movies on YouTube

With movie theatres across the world closed because of the coronavirus outbreak, movie makers, distributors, and producers seem to be in quite a quandary. However, millions of people, under the lockdown, are choosing binge-watching as their favorite ...

Crypto exchange platform Binance to acquire CoinMarketCap for US$400M

Binance is set to acquire CoinMarketCap- a website that provides cryptocurrency market cap charts, rankings and more. Reportedly, the transaction is valued at US$400 million and would marks one of the largest acquisitions in the crypto industry. A...

Aerojet Rocketdyne’s RL10 engine registers 500th flight with AEHF-6

The sixth Advanced Extremely High Frequency (AEHF) satellite, the final release of a military communication satellite placed atop United Launch Alliance (ULA) Atlas V rocket of the U.S. Space Force had a successful launch on March 26. This marked the...

EV giant Tesla to weigh Nashville for its new Cybertruck Gigafactory

Following praising Tesla for assembling around a million electric vehicles, company CEO Elon Musk has recently announced that the firm is exploring possible locations for new factories in the central United States to manufacture the all-electric Cybe...

British airline Flybe collapses putting more than 2,000 jobs at risk

Flybe, a British airline based in Exeter, has reportedly gone into administration, putting nearly 2,000 jobs at risk, after an attempt to obtain fresh financial support fell through. Flybe stated that the effect of coronavirus outbreak led to a sl...

Sonata Software declares buyout of Customer experience Space, GBW

Sonata has signed a definitive agreement to purchase Melbourne based GBW. The acquisition is expected to strengthen Sonata’s footprint in Australia and open tremendous new opportunities for expansion across geographies in Europe and South ...

New York brings new law into effect to ban single use plastic bags

The New York law banning the single-use plastic bags took effect recently, moving the city closer to being eco-friendly. Despite the positive change, few customers complained about the new rules. However, the office of Mayor Bill de Blasio commemorat...

Lyft returns with its shared e-bike rental program in New York City

Lyft, Inc. has reportedly announced the launch of several electric bikes across New York City for rent. This move comes 10 months after Lyft pulled its electric bikes from the market after receiving numerous injury reports and complaints. Accordin...

Mota Ventures announced new JV with BevCanna Enterprises

Mota Ventures Corp., a renowned Vancouver based cannabis and CBD products company, has reportedly announced that it has entered into a definitive JV agreement with BevCanna Enterprises Inc., an emerging leader in infused cannabis beverages, to distri...

Flipkart, Amazon voice concerns over India’s proposed e-commerce tax

Flipkart, Amazon and other online retailers have demanded that India must roll back a proposed tax on all the third-party sellers on their respective platforms. The retailers stated that the burden of the agreement can be harmful to the growing indus...

Deutsche Bank invites top U.S. companies to overhaul its outdated tech

Investment banking firm, Deutsche Bank AG has recently announced that it will overhaul its fragmented and outdated technology networks by inviting companies like Google, Amazon, and Microsoft to place bids. Reportedly, all three tech firms have set u...

nVent makes its second acquisition, buys small Illinois-based firm WBT

The acquisition was made with an aim to expand the electrical fastening business nVent had previously acquired Spanish electrical enclosures firm Eldon nVent Electric, a leading company that provides electrical connection and protection sol...

DARPA nominates Aerojet Rocketdyne for developing propulsion systems

Aerojet Rocketdyne, an American rocket and missile propulsion manufacturer, has recently bagged a contract worth $19.6 million from the Defense Advanced Research Projects Agency (DARPA). The contract demands Aerojet to create enabling technologies fo...

Lam Research to expand footprint with new production plant in Malaysia

American semiconductor company, Lam Research Corporation has reportedly chosen Penang-based Batu Kawan Industrial Park as its new location to set up a cutting-edge production facility. The company has selected this location in collaboration with MIDA...

Johnson & Johnson faces $344M penalty for misleading pelvic mesh claims

A California judge has recently ordered Johnson & Johnson to pay penalties worth nearly $344 million for deceptively marketing pelvic mesh products for women. Eddie Sturgeon, a judge for the Superior Court of San Diego, passed the judgement for J...

India renews attempt to invite bids for 100% Air India stake

The Government of India has recently announced a plan to sell its entire stake of Air India Limited, renewing its attempt to put the state-owned airline on the block. This is the second attempt by the Indian Government to sell majority stake in the l...

Airtel & Western Union launch real-time payments in India & Africa

Bharti Airtel, a renowned telecommunications company operating across 18 countries in Africa and Asia, and Western Union, an American communications and financial services firm, reportedly announced a new milestone in international money movement in ...

Gojek and TTD announce a new partnership for O2O measurement solution

Gojek, a renowned Indonesian technology company, and The Trade Desk (TTD), a US-based software technology company, together announced an exclusive collaboration to offer unprecedented insight to advertisers in the impact of their online advertising c...

Modern Health closes $31 Mn funding led by John Doerr & Founders Fund

Modern Health, a startup company based in San Francisco, offering a comprehensive mental health platform for corporate employees, has recently closed a $31 Mn Series B funding round. It was led by Founders Fund and John Doerr, besides Afore Capital a...

TVSquared-RTL AdConnect unite to promote broadcast footprint in Europe

Global platforms, TVSquared and RTL AdConnect, associated with TV attribution and Video sales house of RTL Group respectively, have reportedly inked a partnership, marking the outset of the first TV attribution plan for advertisers throughout Europe....

Introduction of pin codes feature by Uber to ensure riders’ safety

Uber has created a new security policy for riders, especially women, to safeguard themselves from attacks and assaults, by offering a 4-digit pin code. This announcement comes along the heels of harrowing reports from Uber, which revealed that ...

Netgear bets big on tech transition, rolls out new products at the CES

Netgear, a US-based multinational networking hardware company, renowned for making products that capitalize on technology transitions, has brought forth a mesh networking technology seamlessly blended with Wi-Fi 6, at the CES (Consumer Electronics Sh...

Scandinavian Tobacco Group officially closes Royal Agio Cigars buyout

Scandinavian Tobacco Group, a Denmark based manufacturer of cigars and traditional pipe tobacco, has reportedly announced that it has completed the acquisition of the Royal Agio Cigars group. Effective from January 2, 2020 the company completed the c...

FY20 divestments of CONCOR, BPCL, and Air India remain doubtful

The government of India may reportedly be unable to finalize the strategic divestment of Air India, Container Corporation of India (CONCOR) and Bharat Petroleum Corporation (BPCL) by the end of March. A government official stated that the three dives...

American toymaker Hasbro acquires Entertainment One for $3.8 Billion

Renowned toy company, Hasbro Inc. has recently made a huge splash in the entertainment industry by acquiring Entertainment One (eOne), a Canadian multinational entertainment company, for US$3.8 Billion. As per the deal, eOne’s CEO Darren Throop...

Zcoin Crowdfunding System unveiled to decentralize project funding

Zcoin has reportedly introduced the Zcoin Crowdfunding System (ZCS) in a more to decentralize the project’s funding and decision making. The Zcoin crowdfunding system permits members from any community to propose, authorize and fund activities....

NYC-based Weav Music secures $5 million in a Series A funding round

Music plays an integral role in everyone’s life, be it for enhancing leisure times or to soothe someone’s mood or to just get through a long drive or flight. It often acts as a great entertainer and, in several cases, even manages to be a...

VNDLY closes $35 Mn Series B funding round led by Insight Partners

VNDLY, Inc. announced that it has raised $35 million in a Series B funding round, which was led by Insight Partners. Hyde Park Venture Partners, Battery Ventures, EPIC Ventures, the Cintrifuse Syndicate Fund, Bowery Capital, and ServiceNow ...

Sofregen Medical raises US$8 million in Series B funding round

The funding will be used to support the commercialization and accessibility of Silk Voice™ Sofregen Medical, Inc., a biotech firm focused on developing advanced lineup of products based on silk protein, dubbed fibroin, has recently secured $...

Ikänik Farms finalizes an initial pesticide & microbiological trial

In recent years, regulatory bodies have started to recognize the medicinal values of hemp. Numerous countries have legalized hemp production and commercialization for clinical applications. With growing demand, manufacturers are heavily investing in ...

Nomura Holdings to acquire U.S. M&A firm Greentech in US$92m deal

Nomura Holdings, a financial holding company in Japan, has recently announced that it will buy Greentech Capital Advisors, a mergers and acquisitions advisory company from the U.S. that specializes in renewable energy. This will be the company’...

Current Health raises $11.5 million in Series A funding round

Current Health, a renowned New York based universal patient management platform, reportedly announced that it has closed a $11.5 million Series A funding round which was co-led by UK based MMC Ventures. The first and largest corporate investor in ...

IFF declares expansion of Tastepoint Blueprint to serve mid-tier users

International Flavors & Fragrances, a New York based global leader across the scent, taste and nutrition sectors, has reportedly announced to expand its ‘Tastepoint by IFF’ in various geographical locations around the world and provid...

Stratasys appoints TCL Hunt and TCL Hofmann as channel partners

Stratasys AP, a subsidiary of Stratasys Ltd., recently announced that it has appointed TCL Hunt and TCL Hofmann as official channel partner to expand its footprint in New Zealand and Australia. Professional additive manufacturing solutions of St...

Telecom company Optus fined USD 6.4 million over misleading emails

Apparently, the telecommunication giant had sent around 140,000 customers emails falsely warning that their broadband services would be discontinued very soon As the new NBN rollout nears completion, there seems to be nationwide confusion across A...

Codemasters buys Project CARS developer Slightly Mad Studios for $30M

Codemasters, a leading video game developer based in the United Kingdom, has recently announced the acquisition of Project CARS developer Slightly Mad Studios for $30 million. Sources close to the matter claimed that following the acquisition, Codema...

L’Oréal announces plans to acquire Indian beauty brands and startups

L'Oréal S.A., a French cosmetic company, is reportedly planning to acquire startups and brands that are operating in the India’s beauty-tech space. According to L’Oréal’s Chairman, Jean Paul Agon, their Indian unit...

Investment firm KKR confirms the sale of LGC to major consortium

The leading global investment firm KKR reportedly announced having sold off a pioneer in the Life Science Tools sector, LGC to Cinven and Astorg. However, the financial terms of the deal have not yet been disclosed by the parties. For the uninitia...

TPG Pace closes business combination deal with Accel Entertainment

U.S. headquartered equity company, TPG Pace Holdings Corp. recently announced the completion of its earlier stated business arrangement with a leading gaming-as-a-service provider, Accel Entertainment, Inc. For the record, TPG Pace and Acce...

Tata Steel to remove 3,000 employees from its Europe business

Tata Steel, a renowned Indian steel manufacturing company reportedly announced that it plans to cut 3,000 jobs from its European business. The move comes as a part of the company’s plan to put an end to the reducing profitability in the contine...

AeroGrow unveils the launch of its all new ‘Grow Anything’ Appliance

The invention is said to augment the yields for distinguished plant species. Grow Anything emerges out as world’s first on-board plant computer accessible through device and proprietary application. Various companies are tryi...

Freshworks raises $150Mn, to offer cloud & automation tools to customers

Increasing adoption of technology has enabled businesses to generate tremendous growth in the past few years. Speculating its importance, investors across the world are pouring in funds to develop efficient software solutions. Freshworks, a ...

SaaS startup Loop Returns raises $10 million in Series A investment

With growing online shopping traffic, the number of brands selling their products has also increased over the past few years. With more people shopping online, more brands are expanding themselves economically. However, this growth is being offset by...

Adidas plans to pull the plug on two major robotic factories

In this era of automation and digitalization, keeping pace with the humongous deals and requirements has been stated to give the manufacturing companies a tough time. This leads to either the dissolution of the company or the factory unit. In a recen...

ABC Technology declares having set up headquarters in Singapore

Of late, various companies are trying to sustain their foothold in the market by extending their reach to several regions worldwide. Following a similar pattern, ABC Technology has decided to mark an international entry through the city of Singapore....

Yas Holding acquires 2.5 percent stake in Iceland based Alvotech

Alvotech, a renowned Icelandic biopharmaceutical firm involved in the development and manufacturing of biosimilars, reportedly announced that Yas Holding, an Abu Dhabi based investment firm, has purchased a 2.5 percent stake in the company’s bu...

Capco and Candela to fuel digitalization of financial services in APAC

Belgium-based multinational business and technology giant Capco recently announced to have signed a joint venture agreement with Bengaluru-based Candela Labs. Sources aware of the development stated that the two companies have collaborated to prov...

B8ta secures US$50m in Series C funding led by Evolution Ventures

The California-based retail-as-a-service company B8ta has recently raised $50 million in Series C equity funding round. Evidently the round was led by Evolution Ventures along with B8ta’s existing investors Macy’s, Peak State Ventures,...

Facebook pays £500,000 fine to UK over its Cambridge Analytica scandal

Facebook, the renowned US based tech giant, has reportedly agreed to pay over £500,000 (approx. $643,000) to the UK’s Information Commissioner’s Office over its part in the Cambridge Analytica scandal. This fine was originally enfor...

Juul plans layoff of over 500 jobs amid increasing regulatory scrutiny

San Francisco-based e-cigarette manufacturer has reportedly planned to cut over 500 jobs by the end of 2019, according to a report, citing authentic sources with knowledge about the matter. These cuts come along the heels of a hiring spree underta...

Uber collaborates with Delhi metro to allow ticket booking on its app

Government transportation agencies have been witnessed to partner with private ride-sharing firms across the world, lately. These relationships have developed as government agencies look to grow ridership, polish their brand as well as remain relevan...

Bitcoin Suisse invest US $3Mn in trade intelligence firm CoinRouts

Bitcoin is an open-source digital currency that operates by using peer-to-peer technology and does not require any approval from central authority or banks. Moreover, it offers some unique solutions that couldn’t previously be covered...

Abu Dhabi tech startup Bayzat raises US $16Mn in Series B funding

The business world has been experiencing rapid changes driven by one major factor-Technology. As new-age technologies are all set to advance businesses, the need to upskill human resource is of paramount importance. Numerous organizations in the worl...

CARFIT finishes seed funding round with PlugandPlay and CIC Capital

Global predictive maintenance sector is predicted to witness an exponential growth over the coming years. Seeing the immense growth opportunity, several global venture capital firms are increasingly investing in predictive maintenance startups to sta...

Diamond uses Zuora® Central platform to launch digital media services

Digital media has tremendously grown its presence in recent years. Looking at its potential, several media companies have decided to come out with their own digital media subscription services. One such initiative was taken by a Japan’s le...

UPS unveils new on-demand, mobile friendly self-storage service

Self-storage service industry is witnessing an exponential growth lately and is expected to progress higher over the coming years due to the benefits it offers consumers. a number of transportation and courier service firms across the world are foray...

CureDuchenne unveils biobank to enhance research in Duchenne therapy

Duchenne muscular dystrophy (DMD) is a progressive disorder that involves loss of strength due to the alterations of dystrophin that helps keep muscle cells intact. It commonly affects young boys and has not witnessed a cure yet. However, v...

BASIX Sub-K manages to raise Rs 75 Cr from its Series-C funding round

Fintech companies are known for managing various monetary services using technology. The industry is witnessing several new smaller companies and startups who are bringing various innovative schemes and models. However, to finance their operations, t...

Pennsylvania American Water buys assets of Steelton Borough Authority

In 2016, a law was passed in Pennsylvania which made in feasible for water authorities to sell their assets to utility companies. Since then, the Pennsylvania water service market has witnessed a substantial growth as well as greater number of collab...

Shiseido acquires American skincare company Drunk Elephant for $845Mn

The market for skin care and beauty products is very huge in Asia, with one of its big businesses coming from China. These products have generated a huge client base in the region, a key reason why many international beauty product companies are tryi...

Genomic Vision and PolyAn ink coverslip production & supply agreement

France-based biotechnology company Genomic Vision has reportedly announced a partnership with PolyAn for the manufacture and supply of coverslips. Sources with reliable information reported that the latest development of Genomic Vision’s Life S...

Ripple enters Iceland with acquisition of crypto trading firm Algrim

Various global companies are continuously transacting and collaborating with other companies in the world in an effort to maximize their business capabilities. Given the well-documented rise of cryptocurrencies, various crypto trading firms across th...

Goldman Sachs makes new INR 500 crore investment in Bangalore IT park

As the lending for real estate by banks slowed down from 2011-12, NBFCs and HFCs have gained importance in the real estate investment. NBFC is a non-banking financial company that invests in various fields, HFC stands for Housing Finance Company whic...

Fold App secures $2.5M funding to offer bitcoin lightning payments

Fold App, the bitcoin payments startup, has reportedly raised $2.5 million in the recent financial round. Fold, in its first funding round as an independent company after leaving Thesis, has now apparently added fiat-support on its application. So...

Everledger raises $20Mn in a Series A funding round led by Tencent

Known as one of the biggest innovations in recent times – blockchain technology has revolutionized the world’s financing infrastructure. Companies have started using blockchain technology for financial applications as well as for improvin...

RAC Insurance moves to MicroStrategy Cloud™ Platform on Azure

Cloud computing is one of the many trends in the IT industry that offers valuable services like mobility, cost-saving, security and flexibility to organizations. In the current digital era, companies are focusing on harnessing cloud computing to gain...

Indonesian P2P lending startup JULO raises $10 million in Series A2

Fintech companies in Indonesia are witnessing a substantial growth lately. The fintech boom in Indonesia is due to low access of businesses to traditional capital sources. P2P lending firms are one of the hot seats for fintech business of Indonesia.&...

Investment firm Groww raises ₹154 crore in the Series B funding round

Groww presently offers more than 3000 options in mutual funds for investment. The company aims to use its raised funds to double its team size to approximately 200 by next year. Grow, an online investment startup, reportedly announced that ...

Bharat Forge plans to build its new plant in North Carolina, U.S.

The forging industry plays an important role in driving the manufacturing and automobile sectors. Surging demand for aluminum worldwide by numerous industries has encouraged market players to expand their business reach. Bharat Forge Ltd., o...

TuSimple secures $215 million from its Series D funding round

Autonomous vehicles are on the verge of becoming an essential part for future mobility. With various tech companies like Uber and Amazon investing heavily in self-driving cars, the technology is set to offer great potential by cutting cost, deliverin...

Virgin Australia plans to acquire Velocity frequent flyer program

The airline intends to buy back remaining 35% share of Velocity frequent flyer program for A$700 million, a move that would diversify its source of income. Virgin Australia Holdings Ltd., one of the largest airlines operating in Australia, recentl...

Atomwise to collaborate with Hansoh Pharma for AI-based drug discovery

Atomwise Inc., a leading developer of healthcare software that uses AI to discover medicines and agricultural compounds, recently announced that it will be collaborating with Hansoh Pharmaceutical Group Company Limited, a leading Chinese biopharmaceu...

Valsoft acquires Commsoft OASES and enters the aviation vertical

Since the company’s first association with airline sector over 40 years ago, Communications Software has been developing the MRO IT system continually. Commsoft will keep on developing and supporting OASES, and all other services and produ...

Spendesk raises €35Mn through Series B round led by Index Ventures

The company will use the newly raised funds to strengthen its product and to expand its footprint across Europe. Spendesk, a smart spending management software startup based in France, has reportedly raised €35 million in a Series B funding r...

Good Capital announces $25M fund to invest in unique startups

Good Capital is planning to invest $100 to $2M in pre-seed to Series A round of funding It will invest in startups that have unique ideas and understanding of market conditions Good Capital, an early-stage investment firm, has repo...

Sears to cut 250 corporate jobs at its headquarters in Hoffman Estates

Sears will implement a permanent reduction of workforce within 14 days. The company will be closing dozens of its Kmart and Sears stores. Sears, Roebuck and Company, a chain of department stores, has announced that would reportedl...

Nestle to lay off 172 workers; shuttering Indianapolis facility

Nestlé Dreyer’s Ice Cream Co. and Nestlé USA Inc. recently announced the closing down of a frozen distribution facility on the near southeast side of Indianapolis by the end of 2019. Reportedly, the company con...

Binance procures crypto trading platform JEX based in Seychelles

Binance has shown continued interest in the crypto derivatives market, an observation backed by its acquisition of JEX. The company intends to offer more innovative crypto-asset derivative products in future as Binance JEX. Binanc...

Founders Brewing Co. cedes 90% ownership to Madrid-based craft brewery

Grand Rapid’s based brewing company Founders Brewing Co. sells majority stakes to Spanish brewery Mahou San Miguel. Taproom & brewery daily operations to remain unchanged. Founders Brewing Co., a renowned craft-style brewery based...

Facebook enforces strict rules for political ads ahead of US elections

Facebook is planning to tighten rules for political ad spending ahead of the 2020 US elections. The company will be more cautious from here onwards, as it will require information on who is paying for the campaign messages. This initiative is the ...

Hershey acquires ONE Brands & announces snack bar portfolio expansion

ONE Brands is being purchased for $397 Mn or approx. $325 Mn net of tax benefits. ONE Brands would greatly compliment Hershey’s current Oatmega business, which was procured as a part of Amplify Snack Brands Inc., acquisition in 20...

BharatPe raises USD 50 million in funding round led by Ribbit Capital

The funding round witnessed the participation of Ribbit capital along with Steadview Capital and the other existing investors. The funds are expected to be utilized to expand the company’s current merchant base. With the second round, th...

Atonarp raises USD 33 million in oversubscribed Series C funding round

The funding round has brought over 5 new investors to the company. The funding raised would be primarily used to support the company’s product prototyping and managing and advertising in 2020. Tokyo headquartered Atonarp Inco...

Mattel introduces Hot Wheels Infinite Loop to mobile devices

The game has been made available on the App store for iPhone and iPad enabling the fans for interaction with the brand in a trendy way. California based Mattel Incorporation recently announced the unveiling of the Hot Wheels Infinite Loop, an...

Celsius partners with Tether to offer USDT with annual yield of 10.53%

Simultaneously, the use of stablecoins reduces the cost of capital, allowing Celsius to offer loans at a lower interest rate. Celsius Network, a top cryptocurrency platform, has reportedly announced that it has partnered with Tether, a stablecoin ...

Ban on sale of plastic water bottles at San Francisco Airport

San Francisco International Airport is reportedly banning the sale of all single-use plastic water bottles Tuesday onwards. As per trusted officials, this ban is a part of the persistent efforts to become the world’s first airport with zero-...

WeTransfer bags €35 million in HPE Growth led secondary funding round

HPE’s Jonne de Leeuw will replace WeTransfer co-founder Nalden, joining Irena Goldenberg, Tony Zappalà (Highland Europe) and Bas Beerens (founder WeTransfer). WeTransfer, a platform best known for its cloud-based file-sharing service,...

Infosys witnesses a cloud service hike as firm partners with biggies

Infosys has partnered with Microsoft Azure, Google Cloud, and Amazon Web Services to help its clients to shift their applications to the cloud. Infosys aims to have 50% income generation from digital services. Infosys, IT service p...

SoftBank to lead funding round of USD 100 million in Snapdeal

Japanese multinational company to lead $100 million funding round for the Indian online firm Snapdeal. Kunal Bahl presented an idea to build a Taobao modelled-e-commerce company for profitable growth. Tokyo based multinational com...

OSF Ventures participates in $35M funding round for Exo Imaging

OSF Ventures, part of the renowned OSF HealthCare family, has recently joined a funding round worth $35M for Redwood-based start-up Exo Imaging to help it attain FDA approval. The funding is also targeted toward developing Exo’s revolutionary h...

Westpay-Loomis tie-up to provide cutting-edge digital payment services

This association will bring benefits to retail customers for seamless on-site transactions. Services available only to Finland and Sweden customers initially; plans are in place to establish a broader market in Europe at a later stage. Lead...

Voyager straps up for its next-phase expansion by the end of 2019

PLDT remains the single largest investor in Voyager, helping the startup to be afloat. VOYAGER Innovations Inc., an e-commerce site based out of Philippines, is apparently preparing for a new round of funding toward the end of 2019, as it starts ...

Credit Unions & Payrailz™ collaborate to create new CUSO, CU Payz

CU Payz offers its members the capability to become CU Payz owners. members would also have a say in product direction and the ability to present innovative, new services of their members. PayrailzTM, a renowned digital payments organizati...

Salesforce buys ClickSoftware for $1.35B to reinforce field services

Reports confirm that Salesforce, the American cloud-based software giant, has recently confirmed its acquisition of ClickSoftware, a privately held field service company, in a deal valued nearly $1.35 billion in stock and cash. The agreement appea...

AI & Cybersecurity experts can now tie up via AI Security Alliance

The organization declares its Board Members and opens working groups and membership for cybersecurity and Artificial Intelligence experts. The alliance is expected to commence with 6 working groups on immediate topics of interest. ...

Accenture to expedite Brandix’s journey to get operations future-ready

Accenture will assist Brandix in building innovative solutions that completely focus on productivity improvement and process excellence among other aspects. Brandix would transform its supply chain, manufacturing, human resources, and finance op...

Fox Corporation to buy U.S. consumer finance marketplace Credible Labs

The transaction is valued at USD 397 million and is expected to complete in the fourth quarter of the year New York based broadcasting company, Fox Corporation has reportedly announced that it will acquire Credible Labs Inc., a US based consumer l...

NOSH secures US$1.7 million from a Pre-Series A investment round

NOSH would also rebrand its app and corporate business to Spoonful. Spoonful would continue to create delivery only food brands across Southeast Asia, and partner with Foodpanda and foray into Singapore by September 2019. NOSH, ...

Kubota invests $85 Mn to expand its footprint across North America

Kubota plans to build a new design and engineering center close to its Georgia manufacturing site. The company has purchased almost 300 acres of land in Gainesville-Hall County, Georgia. Kubota North America Corporation (KNA), the parent fi...

MindTickle raises $40 million in Series C funding from Norwest

With this round, the total amount raised by MindTickle reaches to more than $81 million. Company claims, the annual recurring revenue growth is more than 100% yoy. MindTickle, a sales SaaS platform that works to improve sales function in b...

PepsiCo India to set up new plant in UP with investment of Rs 514 Cr

The company has signed a Memorandum of Understanding (MoU) which would help it double its snacking business in India by 2022. Multinational food and beverage corporation, PepsiCo India will reportedly be spending Rs 514 crore over t...

CBI suggests European Union to prepare faster for no-deal Brexit risk

As per the CBI report, the blend of the UK and EU’s different approaches has created an imbalance. The European Union has reportedly been less prepared for a no-deal Brexit in comparison with Britain. In case of no transition agreement and ...

Cambodia dismisses rumors of allowing China access to its Naval base

Cambodia refuses any such agreement with China in lieu of constitutional restrictions. The Cambodian authorities have denied a report stating that it has signed a secret agreement to permit China to station their armed forces at the Cambodian nava...

KarbonKleen offers alternative financing for dynaCERT’s HydraGEN tech

dynaCERT Inc., a company that provides technology that reduces carbon emissions, recently announced that it has obtained a promising alternative financing option for its dealers, in relation with its HydraGEN Technology (an on-demand hydrogen injecti...

Aucta partners with Fosun Pharma to market the FDA-approved Vigabatrin

Aucta Pharmaceuticals joins hand with Fosun Pharmaceutical for licensing the marketing rights for FDA approved Vigabatrin for Oral Solution. Aucta Pharmaceuticals, a company that specializes in the development and commercialization of Specialty pr...

Alibaba open for small businesses in U.S. to sell on its platform

Approximately 95% of sellers on Alibaba.com are from China with one-third of online buyers coming from the U.S. U.S. merchants would need to pay a $2000 membership fee to get their products on Alibaba.com Alibaba Group Holdings Ltd...

Microsoft to pay a fine to settle anti-bribery charges imposed by U.S.

Microsoft had violated U.S. federal Foreign Corrupt Practices Act by bribing government officials in several countries. A total amount of $25.3 million would be paid by Microsoft to settle criminal charges. Microsoft Corporation, (Microsoft...

QSR Automations extends collaboration with Google on DineTime app

Diners can now view restaurant wait times and make bookings to get on their waitlists. This unique functionality would enable customers to get on waitlists directly through Google Maps or Google Search. QSR Automations (QSR), a leading Loui...

Fintech startup Finix Payments raises $18 million in series A funding

The funding round was led by Bain Capital Ventures, Insight Partners and Visa among others. The 30-person startup helps companies by managing and monetizing payments. Finix Payments, Inc., (Finix), a 3 year old San Francisco-based 30-people...

Sintavia acquires non-destructive testing company QC Laboratories

The acquisition will enable Sintavia to have increased NDT capabilities, extending its existing services to the commercial aerospace market. Sintavia, a Florida headquartered 3D printing service provider, has reportedly announced to have acquired...

Syndigo buys European product content management company WiseBase

The acquisition aims at expanding Syndigo’s presence in Europe Chicago – headquartered, Syndigo – a verified product content syndication service provide has reportedly announced to have acquired European product content and tech...

Tech Repair Brand uBreakiFix opens new location in Dallas County

uBreakiFix, a renowned tech repair brand, has reportedly launched its newest location, uBreakiFix Grand Prairie, at 3154 S State Hwy 161, Suite 610. As per trusted sources, uBreakiFix Grand Prairie is the fourth location in the Dallas/Fort Worth a...

Cenovus attains milestone of producing 1BN barrels of oil sands

Cenovus Energy Inc. has reportedly reached a cumulative production volume of one billion barrels from its Christina Lake and Foster Creek oil sands facilities located in Northern Alberta. If reports are to be believed, Cenovus is the first company...

JP Morgan unveils digital investment service to engage new investors

New York-headquartered multinational investment bank and financial services company J.P. Morgan Chase is reportedly in talks to roll out a new and low-cost robo-advisor to lure banking customers to invest in their firm. Apparently, after almost a ...

Endophys Holdings launches the latest Pressure Sensing Assess System

The Dallas headquartered – Endophys Holdings has reportedly launched a new Pressure Sensing Assess System (PSAS). The device is basically a 25cm sheath and is designed to provide deeper access to the femoral artery and measures intra- arterial ...

NiYO raises USD 35 million in funding round led by Horizon and Tencent

Neo-banking startup NiYO Solutions has reportedly raised an amount of USD 35 million in a Series B funding round. As per sources familiar with the knowledge of the matter, this investment round was led by Tencent and Horizons Ventures, in addition to...

TransCanna Holdings to acquire Goodfellas Group for $520,000

TransCanna Holdings Inc., a Canada based branding, transportation and distribution company recently announced that it has signed a definitive acquisition agreement to acquire The Goodfellas Group, LLC. For the record, GoodFellas is a company that ...

OLA raises another USD 11.37 million in series-J funding round

OLA, the Bengaluru-based ride hailing giant has raised $11.37 Mn (INR 79.93 Cr) from an ongoing financing round. The funding was a part of its Series-J round, through which it currently plans to raise close to $2 billion in fresh funds. &...

Sevan confirms the launch of new London office for European expansion

Sevan Multi-Site Solutions, a leading provider of innovative design, construction services, data analytics and program management solutions to firms with multiple sites, has reportedly announced the inauguration of its new London office. Apparently, ...

Lightspeed Venture leads $8 million funding round for Freight Tiger

Mumbai-headquartered business-to-business logistics technology startup Freight Tiger has recently managed to raise $8 million in a funding round led by venture investment firm Lightspeed Venture Partners. Reportedly, list of other participants in the...

CLEARink and FLEx Lighting tie up on next generation ePaper displays

The model is to be built based on FLEx’s ultra- thin front lighting displays and CLEARink’s ePaper 2.0. The US based reflective displays startup, CLEARink Displays has reportedly collaborated with Chicago headquartered film lighting e...

SAMI and Hanwha Group partner to manufacture munitions in Saudi Arabia

Reports confirm that Saudi Arabian Military Industries has signed a deal with three affiliates of South Korean conglomerate Hanwha Group, namely Hanwha Systems, Hanwha Corporation, and Hanwha Defence, for establishing a joint venture company in Saudi...

Amazon expands function of Fire TV devices to add dedicated Live tab

Amazon, the American multinational tech company, recently announced that it is adding a Live TV tab to it Fire TV devices. Apparently, the company wants to ensure its customers are aware of what is being played regardless of the services they general...

AT&T donates $500,000 to free broadcast TV service & NPO, Locast

Offering access to Locast via DirecTV may undercut the threat by station owners who cut the viewing of channels at times of dispute. The Texas-headquartered AT&T a leading telecommunications company and the owner of DirecTV is reportedly favo...

Milkbasket raises USD 2.16 million from series B funding round

The raised funds will be used to invest in geographical expansion, technological advancements and hiring. Milkbasket, a daily micro-delivery service start up based in Gurugram has reportedly raised $2.16 million debt from Innoven Capital. With thi...

Mitsubishi Motors to move its North American headquarters to Tennessee

Compared to Cypress, Tennessee will provide a mild climate, good schools and lower cost of living for workers Japanese automaker Mitsubishi Motors recently announced that it is moving its North American headquarters to Tennessee from Cypress, Cali...

Workforce Software secures a major strategic investment from Evergreen

The investment is expected to solidify WorkForce Software’s position in the market Evergreen Coast Capital Corp, a private equity firm focused on technology, has recently made a major investment in WorkForce Software, a leading provider of c...

L Catterton purchases steakhouse restaurant chain Del Frisco’s

The stakeholders of Del Frisco will receive $8 for each share, that is, an 18.9% premium to the last closing price. Texas based steakhouse restaurant chain company, Del Frisco Restaurant Group has reportedly been acquired by L Catterton, a privat...

Tata Power to raise minimum Rs 4,000 cr through renewables InvIT

The company would also aim to reduce the debt level by selling non-core assets Tata Power, the largest private power company in India, is keen on raising funds through the infrastructure investment trust (InvIT) route for monetizing its renewable...

Yiwu collaborates with Alibaba to boost digital transformation efforts

Yiwu, one of the most favored destinations in China amongst overseas traders, is reportedly in talks to explore new trade channels in alliance with domestic e-commerce giant Alibaba, in order to speed up the digital transformation of Yiwu Trading ind...

Boeing to relocate its space and launch headquarters to Florida

The aircraft manufacturer aims to shift the entire space and launch division to Titusville, Florida. The relocation is expected to complete by the end of 2019. The Boeing Company, (Boeing), the renowned American multinational aircraft manuf...

Bounce raises $72M in series C funding round led by B Capital Group

The Bengaluru-based bike rental startup Bounce has reportedly raised $72 million in series C round of funding led by B Capital Group, a global technology fund, and Falcon Edge Capital, a New York based hedge funding company. As per trusted sources...

Signifier Medical Technologies closes an oversubscribed funding round

Signifier Medical Technologies, a UK-based innovator in sleep disordered breathing market, recently announced the closing of an oversubscribed Series B funding. The round was led by private equity firm, The Pritzker Organization, along with participa...

American Airlines rolls out satellite based Wi-Fi to over 700 aircraft

Satellite based Wi-Fi will offer access to 12 free live TV channels that people can stream on their own personal device American Airlines, world’s largest airlines in terms of passenger traffic and fleet size, recently confirmed the roll out...

Camargo Pharmaceutical Services to acquire Canada-based InSymbiosis

Camargo Pharmaceutical Services, a leading drug development and commercialization service provider recently announced that it plans to acquire InSymbiosis, a Canada-based drug developer that enables biopharmaceutical companies to outsource resea...

Enlighten secures $6.5m for expanding cannabis technology portfolio

Reports confirm that Enlighten, a leading cannabis technology company, has recently closed an oversubscribed Series B funding round valued at more than $6.5 million, led by Tuatara Capital, L.P., an expert alternative investment manager. Seeming...

Dropbox launches new desktop app with enhanced user experience, design

The new app has undergone structural changes for it to be able to work like any other desktop application Dropbox, the file hosting service, recently unveiled a newly designed application for desktop use which is expected to bring a fresh perspect...

OkCredit raises $15.5 million in a funding round led by Tiger Global

Bengaluru-based mobile solutions provider OkCredit has reportedly announced that it has raised $15.5 million in a funding round led by New York-based Tiger Global. As per trusted sources, the valuation is the highest in series A type of funding round...

Zee5 teams up with Israel’s Applicaster to enhance viewer experience

Under the proposed partnership agreement, Applicaster would be developing & managing Zee5’s smartphone app. Applicaster would also be enhancing the features & functionality of the platform to ensure an improved viewing exp...

Greenpeace activists stage climate protest on BP oil rig in Scotland

Currently the activists have occupied a platform on a leg of the rig beneath the main deck. Greenpeace activists have reportedly declared that they have climbed the 27,000-ton rig which is being run by BP - as it tried to leave Cromarty Firth...

HSB partners with CNA Financial to offer IoT-technology solutions

The partnership will help the two firms drive down losses and innovate new solutions using IoT. Global specialty insurer and reinsurer, The Hartford Steam Boiler Inspection and Insurance Co. (HSB) has recently announced partnership with U.S. comme...

US based Medly Pharmacy closes Series A round led by Greycroft

Medly Pharmacy, a U.S.-based digital pharmacy recently announced completion of its Series A funding round, led by Greycroft, a venture capital firm. Medly Pharmacy will use the funds for its expansion. The 2017 annualized revenue of Medly Pharmacy in...

Kyocera & BYD Japan collaborate on energy systems for electric vehicles

Kyocera corporation, a Japan-based electronics manufacturer recently announced a joint venture with the Japanese arm of China’s BYD Company, a leading producer of electric vehicles. The companies will be collaborating on a joint project to d...

Recorded Future announces US$780M acquisition by Insight Partners

The company will use this transaction to accelerate next phase of global growth and expansion. Leading cyber threat intelligence provider, Recorded Future has recently announced that U.S. based private equity firm, Insight Partners has ...

Sony's Funimation acquires anime distributor Manga Entertainment

Sony Picture Televisions’ anime content unit, Funimation Productions recently announced acquisition of Manga Entertainment Ltd, distributor of Japanese animation in the United Kingdom and Ireland. The finances related to the deal are not disclo...

Vivendi-owned Canal+ procures M7 Group in €1 billion acquisition deal

Canal+ acquired M7 Group from the media firm’s present private equity investor, Astorg Partners. The acquisition would be giving Canal+ access to its increasing customer base across European markets. Canal Plus Group SA (Canal+), a re...

Teva Pharma to pay Oklahoma $83 million for opioid case settlement

Teva Pharmaceuticals USA and affiliates of Teva Pharmaceutical Industries Ltd. have entered an agreement with the state of Oklahoma to settle state claims against the company. Teva will make a one-time payment of $85 million to the state of Oklahoma,...

Organic Solutions buys Brydone Growers to boost Thai food operations

Organic Solutions, a Queenstown-based company, has reportedly confirmed the acquisition of Brydone Growers of Oamaru, a leading organic grower in New Zealand’s South Island. Director and Founder of Organic Solutions, James Porteous stated th...

Panasonic stops some component shipments to Huawei amid US ban

The U.S. has recently lessened the restrictions on Huawei temporarily to reduce disruption for customers. Japan-based Panasonic Corporation has reportedly announced that it has suspended shipments of some specific components to Huawei Technologie...

Eco-friendly chemicals manufacturer Solugen raises $32M in funding

Solugen Inc., a specialty chemicals manufacturer and world’s first company to produce bio-based peroxide solutions, has recently announced a Series B funding round, in which the company collected $32 million. The funding was led by Founders Fun...

TransferWise becomes most valuable fintech start-up in Europe

TransferWise will not add fresh cash to its balance sheet with the funding round. The UK-based money transfer company TransferWise has been reportedly valued at $3.5 billion after a new funding round. The investment has placed the company as Europ...

Vymo partners with Microsoft to increase its global footprint

Satya Nadella, CEO, Microsoft, has also noted the work done by sales CRM software. An intelligent personal assistant app Vymo has reportedly announced that it has collaborated with Microsoft to expand the global presence of its personal assistant ...

Commerzbank partners with GTC to digitize its trade finance business

Commerzbank partners with GTC to digitize its trade finance business Commerzbank, a major German bank, has recently entered a strategic partnership with a leading Canada-based application service provider, GlobalTrade Corporation (GTC) which is es...

Indian Oil to assess impact of US sanction on CPCL expansion

Earlier, the expansion was to originally cost to INR 27,460 crore but now is estimated to cost INR 35,698 crore. Indian Oil Corporation Limited, commonly referred as Indian Oil, has reportedly announced that it will assess the implications of the ...

Ola inks deal with SBI and Visa to offer 10M credit cards in India

Ola has recently signed an agreement with Visa and the State Bank of India to launch up to 10 million credit cards over the next three and a half years. This move will aid SBI and Visa in acquiring more customers in India, where most transactions are...

Cargill invests in Israeli 3D tissue engineering startup Aleph Farms

Cargill has reportedly announced that it would be investing in Aleph Farms, an Israeli meat start-up focused on developing complex meat varieties such as steak. Cargill is formally participating in a Series A round of funding led by Singaporean inves...

ETSI and Indian telcos ink MoU to cooperate on telecom standardization

COAI aims to establish India as the global leader of innovative mobile communications infrastructure, services, products and attain 100 percent national density. The standardization organization ETSI and telecom industry body Cellular Operators A...

Tesco, Nestle, Sainsbury's and Waitrose to halve food waste by 2030

Businesses will set their own targets to participate in the UN Sustainable Development Goal which aims at halving per capita food waste across the globe by the year 2030. Tesco, Nestle, Sainsbury's and Waitrose will reportedly pledge to help h...

TasFoods acquires Betta Milk for $11.5m to expand production capacity

Reports confirm that TasFoods, the Tasmania-based food company has confirmed it will buy Betta Milk, an unlisted Tasmanian milk company for an agreed price of $11.5 million in cash. Executive chairman of TasFoods, Shane Noble, recently said that f...

Sumo Logic raises $110 million to drive growth and expansion

The new funding has brought the total funding to date to $325 million. The cloud-based machine data analytics company Sumo Logic has reportedly announced that it has raised $110 million in a funding round led by Battery Ventures. The new investors...

Facebook to invest $400M to build its fifth data center in Altoona

The development agreement has been unanimously approved by the Altoona City Council, along with various other agreements and a site plan for the project. The online social networking services company Facebook Inc., has reportedly planned to inves...

SoftBank Group makes $20m investment in Mexican payments startup Clip

SoftBank has reportedly invested around $20 million in a fintech startup Clip, based in Mexico, becoming one of the first Latin America agreements for the Japanese group, as it introduces a $5 billion technology fund in the area. Sources familiar ...

LTAP calls off $1.7 billion bid for GrainCorp Limited, shares tumble

In December, GrainCorp had held back from recommending the deal to its shareholders due to lack of information. GrainCorp, leading grain handler of Australia, has reportedly announced that fund manager Long-Term Asset Partners (LTAP) has retreate...

Tricor acquires Richful Deyong to expand business services in China

Tricor Group has reportedly announced the acquisition of Richful Deyong (RFDY), a Hong Kong-based company providing integrated business and corporate services, to focus on supporting Chinese based companies in their international corporate activities...

Zenoti secures $50m in funding round led by Tiger Global Management

Reports confirm that Zenoti, a software provider to spas and salons, has secured $50 million (Rs 350 crore) in a Series C round of funding led by Tiger Global Management, a New York-based investment firm. According to Avendus Capital, current inve...

Wipro acquires Philippines-based personal care company Splash

It will be 11th acquisition of Wipro in consumer line business, and the 9th acquisition in personal care segment overall. Wipro Consumer Care has reportedly announced that it has signed a definitive agreement to acquire a Philippines-based persona...

German startup GetYourGuide secures funds for travel activity platform

Reports suggest that Berlin-based travel startup, GetYourGuide, has secured considerable investment in a funding round from various investors, including SoftBank. Supposedly, the firm has raised €500 million (US$558 million) at a €1.6 billi...

SalesLoft secures $70 million funding for sales engagement platform

Reports confirm that an Atlanta-based startup, SalesLoft, has secured $70 million in a Series D round of funding which was led by Insight Partners and also participated by HarbourVest. It has supposedly created a platform for salespeople for helping ...

Starbucks launches safe needle disposal boxes in select US markets

Starbucks has started installing safe needle disposal boxes following the OSHA investigation. Starbucks has reportedly installed safe needle disposal boxes in bathrooms across select U.S. markets to protect its employees from used syringes. T...

Digital payment firm Alt Thirty Six raises $10M in Series A funding

Alt Thirty Six, a digital payment & compliance platform, has grabbed the headlines for securing up to $10 million in its Series A funding round that was intended for accelerating the company’s growth and enhancing its developmental potentia...

India Post teams up with TCS to modernize 1.5 lakh post offices

TCS has designed and implemented the Core System Integration (CSI) program for the transformation India Post has reportedly teamed up with global leading IT services firm Tata Consultancy Services to launch innovative services, enhance customer ex...

Nintendo Switch to enter the Chinese gaming market via Tencent

The firm has been approved to sell a game related to Super Mario Bros. franchise of Nintendo. Japanese gaming giant, Nintendo Co., Ltd., is reportedly setting foot into the Chinese market by selling its famed Switch gaming console to users via its...

NewBridge forms a joint venture with King Hemp NM for industrial hemp

The joint venture will use the most advanced farming and genetics techniques. The US public company NewBridge Global Ventures, Inc., focused on the dynamic and emerging regulated and legal cannabis industry, has reportedly announced that it has in...

BP & Schneider Electric sign five-year global frame agreement

Through the agreement, both the companies will work together to minimize project risks, lower costs and increase efficiencies, while driving innovation, value and safety in a secure manner. BP plc, a British multinational energy producing company,...

Airtel partners with Cisco to offer advanced connectivity solutions

Airtel Business serves more than 500,000 medium and small businesses, 2,000 large businesses and 1,000 global enterprises. Bharti Airtel, the global telecommunications services company headquartered in Gurgaon recently announced that it has partne...

Publicis Groupe to buy data marketing firm Epsilon for $4-4 billion

Publicis will get access to Epsilon’s data capabilities with the acquisition. Publicis, the multinational French ad holding company, has reportedly announced that it will pay about $4.4 billion to acquire Epsilon, the marketing services comp...

U.K. mulls penalizing tech giants on failure to delete harmful content

Reports confirm that British regulators have unveiled a breakthrough proposal, drafted by the leading consumer-protection authorities of the United Kingdom, to penalize Google, Facebook and other tech giants that fail to stop the spread of harmful co...

Payments firm BharatPe raises $15.5M in Series A funding round

The latest investment round involved the participation of the U.S.-based Insight Partners, joined by existing investors Beenext and Sequoia. The Indian fintech start-up, BharatPe, has reportedly made it to the headlines for raising up to $15.5 mil...

PayPal makes its first-ever investment in a blockchain company

Approximately $3.5 million has been raised by Cambridge Blockchain in new equity from several investors over last nine months. The Global online payment firm PayPal has reportedly invested for the very first time in a blockchain technology company...

DSG Consumer Partners raises $30m, marks the first close of new fund

DSG Consumer Partners, a consumer-focused venture capital firm has reportedly marked the first close of its third fund aimed at securing $50 million. As per founder and managing director of DSG Consumer Partners, Deepak Shahdadpuri, DSGCP III, the...

Russian social media giant VK plans to launch its own cryptocurrency

VK is currently third most popular website in Russia along with being a top social media platform. VKontakte (VK), the most prevalent social media website in Russia, has been planning to develop its own cryptocurrency. According to ...

Lyft raises its IPO price range owing to high demand from Wall Street

Reports indicate that California based transportation company Lyft, which is expected to hit a landmark initial public offering in the public markets on March 29, has recently increased the range of its share price. Apparently, the firm has stated it...

Sequoia India and Faering Capital inject $15M in Finova Capital

Finova will utilize the funds to expand its footprint and provide credit access for the unbanked populace. Finova Capital, a Jaipur-based NBFC (non-banking financial company), has grabbed attention for garnering a funding boost of around US$15 mil...

Connecticut secures first legislative win towards legalizing marijuana

Reports confirm that the attempt to legalize marijuana in Connecticut has received its first legislative victory, after a legislative committee approved a plan that would establish a framework for the selling of cannabis products to adults who are 21...

Bank of Beijing & ING announce joint venture to set up digital bank

Bank of Beijing will reportedly hold 49% of the stake and ING will hold remaining 51% in the new digital bank Bank of Beijing has announced that it plans to establish a joint venture with ING bank NV to build a new digital banking entity. Both the...

Jitjatjo closes new $11M funding round led by Morningside Technology

Reports confirm that Morningside Technology Ventures, a Hong Kong investment firm, has led a $11 million Series A funding round for Jitjatjo, which is a mobile staffing marketplace for hospitality industry in New York. Reportedly, the compan...

Grab to charge fee for ride cancellation in Malaysia from March 25

Reports confirm that from March 25 this year, Grab Malaysia would begin charging its passengers a fee for canceling rides and also those who are late to their hired cab, after a specific permitted time. According to its updated Passenger Cancellat...

NII sells Nextel Brazil’s operation to America Movil for $905 million

Latin American carrier America Movil has reportedly announced that it would acquire NII-owned Nextel Brazil for $905 million. Once the deal is closed, NII will receive approval to dissolve and wind up, stated sources. American Movil, a company bas...

Toyota and Nvidia to expand partnership for autonomous car technology

Reports indicate that Toyota Motor Corp. is expanding its relationship with Nvidia, as the automaker and its research units based in Japan and the U.S. look to speed up its autonomous vehicle development program. At the GPU Technology conference 2...

Mazda to enter the premium car segment with expensive next gen cars

Mazda, the Japanese multinational automaker recently revealed that it is planning to move further into the premium car territory in the future. Mazda is reportedly planning to compromise on the sale of cheaper models and is exploring the market to fi...

Swiss-German venture looks to develop a blockchain trading platform

The budding DLT trading system is expected to rival the one currently being developed by the Swiss stock exchange Aiming to create a DLT (Distributed Ledger Technology) trading platform, an alliance of Swiss firms including Sygnum and Swisscom, ha...

EVO Payments acquires Way2Pay to reinforce its digital payment service

Leading global payment technology and services provider, EVO Payments, Inc., has recently announced that the company has acquired Way2Pay, a Dublin, Ireland based payment gateway. Apparently, the terms of the acquisition were yet to be disclosed. ...

Appen inks $300m deal to acquire machine learning company Figure Eight

Tech firm Appen has recently announced that the company has acquired Figure Eight, a machine intelligence firm, in an all-cash deal which would see Appen pay an upfront amount of $175 million. Apparently, an additional payment of up till $125 million...

Keppel and SPH to exercise compulsory buyout of remaining shares in M1

Reports indicate that Singapore based infrastructure firm, Keppel Corporation, and Singapore Press Holdings, nation’s leading media organization, would be compulsorily acquiring all the remaining shares the the companies do not currently own in...

Larsen & Toubro Infotech closes acquisition of Nielsen+Partner

Larsen & Toubro Infotech (LTI), the Mumbai-based, global IT solutions & services company, has reportedly completed the acquisition of the Germany-headquartered Nielsen+Partner (N+P), along with several recognized subsidiaries. Reportedly, ...

Coin Metrics closes $1.9M seed funding round with Fidelity Investments

Fidelity Investments Inc., the US-based multinational financial services corporation, has reportedly participated in a $1.9 million seed funding round for Coin Metrics, a crypto asset market & network data vendor, in a major effort to round out i...

IWAI, Indian Oil to develop fuel infrastructure for national waterways

The Inland Waterways Authority of India (IWAI) and Indian Oil Corporation Limited (IOCL) have recently signed a Memorandum of Understanding (MoU) to jointly develop infrastructure for fuels, LPG, lubricating oils, Natural Gas and other relevant fuel ...

Ipsen confirms US$1.31 bn agreement to buy Clementia Pharmaceuticals

Ipsen pharma has recently announced that the company has entered into an agreement for acquiring Clementia Pharmaceuticals, with the boards of directors of both the firms allegedly approving this transaction. Apparently, completion of this deal is ex...

Accenture endorses collaboration for circular supply chain capability

Using blockchain, Accenture plan to connect customers directly to producers and influence sustainability in global supply chains. The leading technology services company, Accenture, has reportedly inked a partnership agreement with Mastercard, Eve...

Singapore-based 90 Seconds secures USD 20 Million in Series B funding

In a recent turn of events, the world’s leading video creation platform 90 Seconds has reportedly bagged investments worth USD 20 Million in a Series B funding round from existing and new investors. The investors included Airtree Ventures, SIG,...

Lime scooters threatened with removal from Auckland over safety issues

New Zealand’s transport authorities have reportedly issued an urgent warning against Lime scooters, over serious technical glitches. As per trusted sources, Auckland’s head of transport has warned the company that each one of its scooters...

Binance introduces testnet of its decentralized crypto trading service

Global cryptocurrency exchange Binance has recently launched an initial version of its long expected decentralized crypto exchange service (dex). Apparently, launch of the service, currently in testnet phase, has been on the cards for a long time and...

Aeronautics Defense Systems inks $13M drone deal with Azerbaijan

Two weeks ago, the Defense Ministry of Israel reinstated the company’s export licenses. The contract would be spanning over a period of two-years & would be overseeing the maintenance of Orbiter 1K drones. Aeronautics Def...

PE firm Darby invests in specialty pharmaceutical company Biopas

The investment has been completed by Darby Private Equity via the DLAPDF III Darby Overseas Investments Ltd., the private equity arm of Franklin Templeton Investments, has reportedly invested in Latin American specialty pharmaceutical company, Bio...

Innovega develops new AR & VR eyestrain management technology

The technology will effectively reduce 3D stimuli detection time, depth distortions, improve stereoacuity and reduce visual fatigue and discomfort of users. Renowned optics firm, Innovega Inc. has recently announced that it has developed a technol...

BB&T to acquire SunTrust for $66 billion in an all-stock merger deal

The combined entity is expected to emerge as the sixth-largest bank in the U.S. BB&T Corporation, a North Carolina-based bank holding company, has reportedly announced its acquisition of SunTrust Banks Inc., an American bank holding company, i...

Reddit reportedly in talks with Tencent for a $300 Mn funding round

Major social news aggregator Reddit has been reported to be in talks to raise $150 to $300 million in a funding round led by Tencent, the Chinese tech giant. Citing reliable sources, the Series D round would allegedly see the startup hit a pre-m...

Spotify acquires podcasting industry leaders Gimlet and Anchor

Spotify is poised to become the foremost platform for podcast creators as well as leading producer of podcasts with these acquisitions. Spotify Technology SA, the music streaming services company has been recently reported to have signed definitiv...

Swiggy takes over Bengaluru based AI focused startup Kint.io

The acquisition will augment Swiggy’s work in big data, AI and machine learning to obtain accurate consumer location detection and enable faster, more efficient deliveries. Online food order & delivery service, Swiggy has recen...

AirAsia demands RM480 Mn from MAHB in losses from operating at KLIA

Low-cost air carrier AirAsia has reportedly served a notice on Malaysia Airports Sdn Bhd claiming nearly RM480 million for the losses occurred from operating at klia2. For the record, MASSB is a solely-owned subsidiary of Malaysia Airports Bhd. Re...

AWE picks AECOM as delivery partner for UK nuclear deterrence program

Premier infrastructure firm AECOM and AWE plc. have reportedly inked a deal that names AECOM as the delivery partner for AWE’s Nuclear Capability project, which is a crucial component of the nuclear deterrence program of the U.K. government. ...

Twitter launches an easier web interface complete with an emoji button

The Beta testing for the new Twitter features has not commenced yet. The Twitter desktop version has been reduced from 3 columns into 2. Microblogging site Twitter has reportedly started to roll out a new interface for its web user...

Private equity firms contemplate purchasing Nestle's skin health unit

Private equity firms Advent & Cinven have reportedly teamed up to bid in an auction that could value Nestle’s skin heath business at about 7 billion Swiss francs (which is approximately $7 billion). According to credible sources, private...

Check Point detects fault that could let Fortnite accounts be hacked

Check Point Software Technologies Ltd. has recently announced that the company’s researchers have discovered vulnerabilities in Fortnite, a massively popular online game. Apparently, the researchers of Check Point have informed the game develop...

OurCrowd, KEB Hana Bank ink MoU for innovative tech solutions in Korea

Leading equity crowdfunding platform OurCrowd has recently announced that the company has partnered with KEB Hana Bank of South Korea, a Hana Financial Group subsidiary. With this investment, KEB Hana has become OurCrowd’s latest institutional ...

WIN’s aerospace unit begins deliveries to airline firm Boeing

Wipro Infrastructure Engineering’s aerospace subsidiary has reportedly begun supplying aerospace parts to Boeing from its plant close to the Bengaluru international airport. Sources close to the development state that Boeing contracted Wipro Ae...

Mosambee partners with Mastercard to launch Android based PoS in India

Reports indicate that payments solution firm Mosambee and financial services major Mastercard have recently launched SamosaPoS, a multi-utility point of sale (PoS) machine based on Android, for enhancing the penetration and acceptance of digital paym...

Daimler Trucks’ Freightliner unveils Cascadia with Level 2 autonomy

Recently at the Consumer Electronics Show in 2019, Freightliner, a Daimler Trucks subsidiary, unveiled its Class 8 Freightliner Cascadia which is being hailed for its innovative automated driving features. The company would be adding Level 2 autonomo...

Lupin’s NaMuscla gets EU approval to treat myotonia in adults with NDM

Lupin Limited has reportedly received the European Commission’s approval for its specialty drug NaMuscla used in the treatment of a rare neuromuscular disorder. As per trusted sources, Lupin is preparing to launch NaMuscla in Germany and the UK...

Harley Davidson ties-up with Panasonic for electric motorbike LiveWire

The US-based motorcycle maker Harley Davidson, in partnership with Panasonic Automotive, has built an electric bike which is the company’s first-ever EV motorcycle. Apparently, this move comes as the motorcycle manufacturer has been hit by layo...

Onward Technologies ties-up with SAP to distribute & resell ERP Suite

A leading player in IT Consulting and Mechanical Engineering Design, Onward Technologies has recently announced a strategic alliance with SAP SE which would allow it to sell as well as support the implementation of end to end ERP focused on SAP S/4HA...

Qatar Airways inks deal to buy 5% interest in China Southern Airlines

State-owned carrier Qatar Airways recently confirmed that it has acquired a 5% stake in China Southern Airlines in an attempt to access the rapidly growing market in mainland China. Qatar Airways CEO Akbar al-Baker stated that opportunities exist for...

BluGlass collaborates with Aixtron to evaluate its RPCVD technology

BluGlass Limited, a clean technology innovator, has recently announced that it would collaborate with Aixtron SE, a leading semiconductor equipment firm, for evaluating the unique remote plasma chemical vapor deposition (RPCVD) technology of BluGlass...

Visa buys Earthport for $250mn to expand cross-border payment services

Multinational financial services corporation Visa Inc. is reportedly acquiring Earthport, a British payment firm for $250.6 million. Earthport, which offers cross-border payment services to businesses and banks, has previously formed a partnership wi...

China-based OSAT companies looking to tap high-end packaging segments

OSAT (outsourced semiconductor assembly and test) firms based in China are reportedly preparing to foray into medium to high-end packaging fields. Apparently, this includes the FC (flip chip) packaging segment, where these firms believe they could te...

Trade unions & drug firms in no-deal Brexit preparations ink 26 NDAs

Reports suggest that pharmaceutical firms that are working with Whitehall for maintaining medicine supplies in case of a no-deal Brexit event have signed 26 suppressive orders. Apparently, these orders are aimed at barring the pharmaceutical firms fr...

Elementary Robotics bags $3.6M to expand in LA’s growing robotics hub

The investment will be used to build a manufacturing facility in Los Angeles and robots that augment the current human workforce Los Angeles-based robotics platform startup, Elementary Robotics has reportedly raised $3.6 million in seed fundi...

3M to acquire M*Modal’s technology business for around $1 billion

The acquisition will enhance 3M’s Health Information Systems (HIS) business and revenue cycle management capabilities American multinational conglomerate, 3M has recently entered into a definitive agreement to acquire leading healthcare tech...

SSE drops Npower merger plans as government plans to cap tariff prices

Reports confirm that Scottish energy firm SSE plc has called off its plans to merge with Npower, blaming the challenging market conditions and Government’s upcoming price cap. SSE said that it has not been able to agree terms for the new compan...

Hughes-Yahsat JV to provide broadband connectivity to the underserved

Joint venture to provide the benefits of broadband to Middle East, Africa and Southeast Asia Hughes Network Systems, a subsidiary of EchoStar Corporation, An American satellite communication solutions provider and Yahsat or Al Yah Satellite Commun...

Emerson expands its portfolio of valves with A.E. Valves acquisition

Emerson has taken over the Verviers headquartered Advanced Engineering (A.E.) Valves, a leading manufacturer of innovative valve technology. Through this acquisition, Emerson expects to serve its consumers with a wide range of valves for enhancing pr...

Coinone launches Ripple’s blockchain remittance service in South Korea

Coinone’s business subunit Coinone Transfer has reportedly launched Cross, the very first blockchain-based remittance application and web service of South Korea, powered by enterprise blockchain technology solutions fabricated by Ripple. If ...

John Magufuli announces Tanzania’s $3 Billion power plant deal

Tanzania will reportedly sign a deal to approve the construction of a hydroelectric power plant worth $3 billion, said President John Magufuli. However, he didn’t mention the company that will be awarded the contract to build the dam and the hy...

Lupin obtains USFDA EIR for unit 3 of the Pithampur facility

Lupin Limited, a transnational pharmaceutical company based in Mumbai, has reportedly received an Establishment Inspection Report (EIR) from the U.S. regulator for the unit 3 of the facility in Madhya Pradesh. As per sources familiar with the know...

MaxiTRANS to acquire bottom trailers maker Trout River Australia

MaxiTRANS has reportedly made it to the headlines for signing an agreement to acquire Trout River Australia, a producer and supplier of live bottom trailers in Australia. Dean Jenkins, Managing Director and CEO of MaxiTRANS, stated that the acquisiti...

Telstra, TPG-Vodafone and Optus lead Australia’s 5G spectrum auctions

The Australian Communications and Media Authority (ACMA) has reportedly announced the outcome of its 5G spectrum auction and one of the largest Australian telco firm, Telstra, has won most of the lots in the 3.6GHz band. From this spectrum auction, t...

Morocco’s flag carrier Royal Air Maroc to join Oneworld airline group

The Moroccan national carrier Royal Air Maroc has reportedly joined the Oneworld global airline alliance. As per trusted sources, the new addition comes in the backdrop of the expansion of other African carriers including Kenya Airways and Ethiopian ...

ContourGlobal sells 49% stake of its Spanish CSP assets for EUR 134M

ContourGlobal is reportedly selling 49 percent stake of company’s 250 MW Concentrated Solar Power (CSP) plants in South-West Spain, which they bought from Acciona SA in early 2018. As per the agreement, ContourGlobal will sell 49 percent sta...

New $34 million F&B incubator kicks off in East Garfield Park

The Hatchery, one of the largest food & beverage incubators in the U.S., has recently announced that it is open for business at East Garfield Park in Chicago. Reportedly, the new Chicago-based USD 34 million food incubation space helps local entr...

Target to pay $7.4 million to settle illegal waste dumping lawsuit

Target Corp., one of the leading largest departmental store chains in the U.S. has reportedly reached a settlement in which it will be paying $7.4 million for the improper dumping of hazardous waste ranging from batteries to syringes and drugs into l...

Nasdaq acquires Quandl for use of alternative & core financial data

The stock exchange will work closely with Quandl to deliver new insights and investment ideas The American stock exchange, Nasdaq recently announced the acquisition of Toronto’s leading alternative and core financial data provider, Quandl, I...

Paytm suspends in-app chat feature owing to costs involved in scaling

Payments solution and digital wallet company Paytm, which is backed by major investors like Berkshire Hathaway and Softbank, has confirmed that it has pulled out the in-app chat feature available in its Inbox due to high scaling costs. The Inbox feat...

Fertilizer giant Nutrien to sell its stake in SQM to China’s Tianqi

Nutrien, a Canada-based fertilizer behemoth, would reportedly auction its 23.77 percent share in SQM on December 3, as a last step towards concluding the sale of the coveted stake in the second largest lithium producer in the world to Tianqi Lithium ...

Logitech terminates discussions regarding Plantronics’ acquisition

Logitech International, a webcam and keyboard maker, has reportedly terminated discussions regarding the purchase of Plantronics Incorporation, a gaming headset and Bluetooth earpiece manufacturer, as per statements releases by the two companies. ...

Enel announces plans to invest in 11.6GW of renewable energy capacity

Enel, a manufacturer and distributor of gas & electricity, has reportedly publicized its plans to invest €10.6 billion in the coming three years in the production of 11.6 GW of renewable energy, comprising 6.1 GW of wind energy and about 7 G...

Coupang secures investment worth $2 bn from SoftBank’s Vision Fund

South Korea’s e-commerce major, Coupang has reportedly raised $2 billion through the SoftBank Vision Fund, which is alleged to be firm’s largest investment since Saudi journalist Khashoggi’s murder. The investment also comes weeks a...

Russia bags $1.5-billion deal to sell air defense missiles to India

Following major deals to sell naval warships and S-400 system to India, Russia is all set to bag a $1.5-billion contract for air defense missiles. Sources close to the matter state that the Russian Igla-S system was confirmed as the lowest bidder for...

TCS, SAP partner on intelligent rail maintenance to support customers

Tata Consultancy Services (TCS) has announced that it has partnered with SAP for developing SAP® Leonardo powered Intelligent Rail Digital Maintenance (iRDM) solution. iRDM is supposedly aimed at helping rail customers transform their businesses ...

Mindtree partners with Bengaluru’s IISc to support AI research

Bengaluru-based IT service provider, Mindtree Ltd. has recently collaborated with the Indian Institute of Science (IISc), Bangalore to create an endowment focused on AI research, and facilitate teaching and research in data science and natural l...

India Power and consortium win 100MW solar park contract in Albania

A consortium led by India Power Corporation Ltd recently won a tender for constructing a 100 MW solar park in Albania, the country’s energy ministry has confirmed. The solar park is reportedly worth around USD 79.3 million (EUR 70 million) and ...

Britain’s major firms in talks to implant employees with microchips

Britain’s major legal and trade firms are seemingly planning to implant their employees with microchips, in a bid to boost business security and prevent access to restricted areas. Sources familiar the matter state that the microchips, impla...

Nissan signs MoU with Ghana to develop vehicle manufacturing industry

Automobile manufacturer Nissan has reportedly inked a memorandum of understanding (MoU) with the Ghanaian government to work together and establish the automotive manufacturing industry in the country. The company will allegedly make Ghana its hub fo...

Payscape teams up with CardFlight, takes SwipeSimple to U.S. merchants

Payscape, a financial technology and payments innovator company based in the U.S. recently announced that it has formed a partnership with CardFlight, a leading mobile point of sale and SaaS payment technology company of the United States to take Swi...

Webjet acquires Dubai’s DOTW to expand its hotel room business

Australia’s digital travel business, Webjet Ltd. has recently announced the acquisition of Dubai-based business travel wholesaler, Destinations of the World (DOTW) for USD 173 million (A$240 million). As per sources, the deal will be backed ...

SGX to sign MoUs with CFA and ZJEA to reinforce partnerships in China

Singapore Exchange Limited (SGX) will reportedly sign memoranda of understanding (MOUs) with the China Futures Association (CFA) and the Zhejiang (S) Entrepreneurs Association to further strengthen its relations with Chinese companies and markets. S...

Tech Mahindra and BioNEST sign agreement to establish a bio-incubator

Tech Mahindra is partnering with a bio-incubator, BioNEST, to foster the pharma and biotech innovation ecosystem in India. BioNEST, as per records, was formed with the support of Biotechnology Industry Research Assistance Council (BIRAC) to encourage...

Hong Kong listed Innovent Biologics gains around 20% on trading debut

Biopharmaceutical technology firm Innovent Biologics surged about 20 percent after it debuted in the Hong Kong market, which was closely being observed to see the interest of investors in Chinese biotechs, as three of its competitors had previously e...

EC to deepen investigation into ThyssenKrupp Tata Steel joint venture

The European Commission has reportedly launched a second phase into the investigation over the joint venture between ThyssenKrupp and Tata Steel due to the concern that such a joint venture could raise steel prices and hurt competition. It is being e...

WPP to sell major stake from its market research business Kantar Group

British advertising and public relations firm, WPP plc, has reportedly announced plans to sell stakes from its market-research division, Kantar Group, as the world's biggest advertising group experiences a sharp drop off in sales in its third qua...

Grab to launch its new on-demand delivery service pilot in Singapore

Singapore’s tech company, Grab has recently made plans to launch a beta pilot of GrabExpress, an on-demand door-to-door courier and delivery service, to serve the growing demand for a fast parcel delivery service in Singapore. A...

Addison Lee, Oxbotica collaborate to launch self-driving taxis by 2021

On-demand ride company Addison Lee has reportedly announced a partnership with Oxbotica, a self-driving startup, aimed at developing autonomous vehicles that can be integrated with London’s existing transport infrastructure and get them in serv...

Ford introduces new mid-size SUV in China to revive falling sales

Ford Motor Co. has recently launched a new mid-size SUV in China, as it looks to revive diminishing sales in the biggest car market of the world. The Ford Territory, developed along with the local partner Jiangling Motors, is apparently targeted at t...

Tesla opens new 50-stall charging station in Kowloon bay, Hong Kong

Renowned U.S. automaker Tesla Inc. has recently installed a 50-stall charging station in Kowloon bay, Hong Kong, a move that comes in response to the automaker’s bid to expand its customer reach in the city. Indeed, reports claim that the initi...

Singapore Airlines restarts direct service between NY & Singapore

Singapore Airlines, a leading air carrier company, would reportedly become the provider of the world's longest air travel service by miles flown, once it relaunches its direct flight service between Singapore & New York. According to the sou...

Altria stocks surge on rumors of its supposed investment in pot firm

Altria shares witnessed a surge recently after a report indicated that the Marlboro brand cigarette manufacturer is in discussions to acquire stakes in Aphria, a Canadian marijuana company. A spokesman for Altria declined to give any confirmation on ...

Wind River, BT to develop Edge Cloud Computing 5G applications

Wind River Systems, Inc., California’s leading software development firm has recently collaborated with British telecommunications conglomerate, BT Group on a research program for developing edge cloud compute applications, expec...

BP and Aker BP sign cooperation agreement for technology advancement

Energy giant, BP, recently announced the signing of a ventures cooperation agreement with Norway based oil exploration and development company Aker BP to explore the scope of cooperation for the companies to develop and deploy advanced technologies i...

Boeing expands the usage of Siemens Mentor Graphics software

German automation company, Siemens AG, has recently announced a new extended agreement with aircraft manufacturing giant, Boeing, to expand use of Siemens’ Mentor Graphics software. As per sources, the extended agreement would be in line with B...

Tencent announces new restructuring strategy amid rising challenges

Chinese internet conglomerate, Tencent Holdings Ltd. has recently announced its first restructuring in six years, in response to tackling increased challenges faced from strict government regulations. As per sources, Tencent Holdings has witnessed a...

Uber commits $10m to sustainable and eco-friendly mobility in cities

Recently, Uber has made several announcements informing about its decision to commit $10 million for supporting eco-friendly causes, over the next three years, in cities where it operates. Part of the effort also includes spending $1 million for prom...

Merck, Accenture & Amazon AWS join forces to develop cloud platform

Accenture PLC, a global management consulting and professional services firm, pharma giant Merck, and Amazon Web Services have reportedly joined forces to create a cloud-based informatics research platform. As per authentic sources, built on Amazon ...

Australia faces strawberry safety scare, Woolworths halts needle sales

Woolworths Supermarkets, an Australian supermarket chain owned by Woolworths Limited, has reportedly halted the sales of sewing needles in its stores temporarily to ensure customer safety, amidst mounting incidences of hidden needles in strawberries ...

Sirius Minerals inks massive polyhalite supply deal with Cibra Group

Sirius Minerals, the renowned U.K. based fertilizer development company, has recently announced its largest supply deal for its £3.2bn York Potash mine. According to sources familiar with the matter, the long-term contract for the fertilizer co...

Chinese EV maker Nio lowers IPO target to $1.5B before U.S. listing

China based electric vehicle manufacturer Nio has reportedly cut down the target for its NYSE listing to $1.5 billion after releasing a price range for its shares. Citing reliable sources, the company plans to sell 184 million shares between $6.25-$8...

Six new solar and wind farms to boost energy development in Ballarat

Six new solar and wind projects have been announced for Victoria, a step that the Committee For Ballarat believes is aligned with the development of Ballarat’s renewable training center. Lily D’Ambrosio, the Energy, Environment and Clima...

Ride-sharing giant Didi Chuxing mulls over investing in Oyo Rooms

Beijing based ride-sharing giant Didi Chuxing is reportedly considering to invest in the Indian hospitality service and budget hotel network Oyo Rooms. Sources familiar with the matter hinted that the anticipated investment could mostly to be made in...

Amsterdam selected as new headquarters for Japans Panasonic

Japanese electronics corporation, Panasonic has reportedly made plans to move its European headquarters from London to Amsterdam in a bid to avoid potential tax related issues linked to the approaching Brexit in October 2018. As per Panasonic Europe...

IIVS, Givaudan & BASF join forces for legalizing a non-animal test

BASF and Givaudan are reportedly collaborating with IIVS (Institute for In Vitro Sciences), one of acclaimed leaders in in-vitro toxicology. This collaboration is intended to validate an amended technique of skin sensitization reactivity to aid autho...

Airtel partners with Netflix to offer a 3-month free subscription

Airtel, the largest telecom service provider in India, recently announced that it has partnered with Netflix, the video streaming giant, through which Airtel users can pay for their Netflix subscription as a part of their broadband and postpaid mobil...

Affimed signs $96M deal with Genentech to develop new cancer drug

Affimed N.V., has reportedly secured a $96 million investment and an opportunity to collaborate with the research team at Genentech. The collaboration is speculated to help Affimed develop an NK and T cell immunotherapies targeted towards multiple ki...

Singapore’s OCBC unveils automated investment platform RoboInvest

Singapore’s Oversea-Chinese Banking Corp. Limited has reportedly launched a next generation algorithm based investment service platform, RoboInvest, for offering smart investment solutions targeted at young and tech-savvy investors in the marke...

PTC India might quit wind energy business as tariffs hit a record low

PTC India Ltd. (PTC), India’s electricity trader, has reportedly made plans to exit the wind energy business in response to the remarkable fall in renewable power tariffs in India. In order to exit the wind power business the firm is on th...

Flipkart unveils 2GUD, aims to sell certified refurbished goods online

Indian eCommerce giant Flipkart has recently launched a new website exclusively for selling refurbished products. Sources claim that the new portal, named 2GUD, will be similar to other e-commerce websites that sell electronic goods but will offer on...

Saudi’s PIF in discussions about investing in Tesla’s competitor Lucid

The Public Investment Fund of Saudi Arabia is reportedly in talks about pouring in capital in Lucid Motors Inc., Tesla’s aspiring business rival. The Saudi Arabian sovereign wealth fund is the one which Elon Musk claimed could invest $72 billio...

Boeing flies high as it takes on U.S. based Millennium Space Systems

Boeing Co., the aerospace giant, has reportedly announced that it is planning to take over El Segundo (California) based Millennium Space Systems, the official military satellite contractor, in a bid to expand its satellite and space offerings. For ...

Walmart and JD.com provide $500m funding to Chinese logistics company

Dada-JD Daojia, a Chinese online grocery delivery service has reportedly raised USD 500 million in a recent funding round led by U.S. retail giant Walmart and Chinese e-commerce company JD.com. Sources inform that the logistics company is planning to...

China’s Didi will invest $1 billion in its auto services business

China’s ride-sharing behemoth Didi Chuxing announced an investment of $1 billion in its auto services business, which is said to be associated with a larger unit rebranding as the firm prepares for a sought-after initial public offering (IPO). ...

Gaorong Capital, CMBI to co-lead a $26m funding for Chinese AI startup

In an announcement made by Tianrang, the Chinese AI startup confirmed that Gaorong Capital and CMB International (CMBI) will jointly lead a RMB 180 million (USD 26 million) Series A funding round for investing in the company. Ziniu Fund and China-bas...

Medical diagnostics startup bags $23 million in venture funding

Mammoth Biosciences, a biotech startup researching on the first ever CRISPR-based disease detection platform has reportedly announced today that it has raised $23 million in a funding round led by Silicon Valley’s top capital firm Mayfield Part...

Grubhub to acquire loyalty service platform LevelUp for $390 million

Grubhub, the online food-delivery company, has announced today that it plans to buy out LevelUp for USD 390 million in cash. The announcement was made during the release of Grubhub’s second quarter earnings report, which indicated a 51% increas...

ComfortDelGro announces trial of new fully electric taxis in Singapore

ComfortDelGro, a land transport company operating in seven countries, announced on Thursday that the trial of two fully electric taxis having fast-charging capabilities has commenced in Singapore. The two Hyundai Ioniq taxis, unlike the petrol-hybrid...

Grab-NUS deal to focus on mitigating urban transportation issues

Technology company Grab and the National University of Singapore (NUS) have reportedly formed a collaboration for an AI laboratory. The deal had been signed with the intention of brainstorming solutions for traffic congestion and other transportation...

Walmart & Microsoft join hands, plan to take on rival Amazon

Walmart confirmed that it has entered a five-year partnership with Microsoft for using its cloud services and concentrating on additional projects based on artificial intelligence, machine learning and data platforms. The announcement was made at Mic...

IHH Healthcare wins takeover bid of Fortis for RM2.34 billion

After winning a month-long war against domestic and international bidders, India’s Fortis Healthcare Ltd has unveiled that it has accepted an investment offer from IHH Healthcare Bhd. According to the sources familiar with the matter, Fortis ag...

China looking to buy a majority stake in British nuclear power plants

China General Nuclear Power Group (CGN) is rumored to be interested in purchasing a majority stake in eight nuclear power plants in Britain, a deal that could be valued at around £4 billion (HK$41.71 billion). The Chinese state-run company may ...

Boeing to acquire majority stake in Embraer’s commercial operations

The U.S. aerospace behemoth Boeing has signed a joint venture agreement with Embraer that may reportedly give the former prime control of the Brazil industry major’s commercial jet business. The deal is slated to provide Boeing a stronger posit...

Honda to halt the development of its revolutionary Asimo robot

Honda will reportedly stop the development of its humanoid robot Asimo, which the company had introduced to the world in 2000. Named after the famous science fiction writer Isaac Asimov and credited to be the first walking bipedal robot, it too...

Testing to commence at UAE backed offshore wind project in Scotland

Batwind, a revolutionary system to store clean energy produced from world’s first floating wind farm of a commercial scale, will reportedly start testing from next month. Considered to be a momentous achievement in the area of deep-ocean renewa...

RSPO suspends Nestlé membership on failure to comply with requirements

The Roundtable on Sustainable Palm Oil (RSPO) has reportedly suspended the membership of food and drink conglomerate Nestle, citing failure to submit palm oil sustainability reports and overdue membership fee. Subsequently, Nestle cannot claim the us...

L’Oréal and Alibaba join hands to propagate green packaging in China

L’Oréal, the world’s largest cosmetics company, and Alibaba Group have scarcely signed an agreement indicating their commitment towards reducing waste and using environment friendly packaging for all L’Oréal products b...

CashShield raises $20 million in funding round led by Temasek and GGV

CashShield, an online fraud detection company, recently announced that it has raised $20 million in Series B funding. The startup, whose clients include Razer and Alibaba, secured funding from returning investor GGV Capital, Wavemaker Partners and Ta...

Prominent online retailers to pull out “unsafe” products from Europe

The European Commission has been able to sign an agreement with four of the world’s foremost online retail platforms- Amazon, AliExpress, eBay and Rakuten, to dispose off goods which are identified as dangerous within 1 week of official notice....

Microsoft advances efforts in AI development, buy Berkeley firm Bonsai

Following the trend of IT giants buying out promising businesses, Microsoft will soon acquire Bonsai, a small startup in the artificial intelligence domain based out of Berkeley. Although the value of this deal was not disclosed, this is considered t...

India benefits from China reforms, solar cell prices hit record low

The Chinese government has recently decided to withdraw state support from some of the power projects which will lead to an oversupply of equipment and a fall in solar module prices. Experts predict that India is likely to emerge as the biggest benef...

Ant Financial plans to accelerate expansion, raises funds worth $14bn

Ant Financial, the financial associate of the Chinese e-commerce giant Alibaba, has reportedly completed a Series C funding round with a mammoth $14 billion, raised from both domestic and international investors. According to a statement released by...

Fred’s sells specialty pharmacy to CVS, plans further divestures ahead

Fred’s Inc., one of the notable pharmacy chains of the United States, reportedly announced the closure of the sale of its specialty pharmacy to CVS Health for $40 million. The company, in its official statement, stated that there may be more su...

Italy’s UniCredit mulls over plausible merger with French rival SocGen

The Italian bank UniCredit S.p.A. is reportedly seeking a potential merger opportunity with the French multinational bank Société Générale S.A (SocGen). Sources revealed that if deal comes to fruition, it could set an exam...

JetBlue-backed Zunum planning to bet big on hybrid-to-electric planes

The United States based JetBlue Airways is reportedly lending support to a private hybrid plane manufacturing start-up called Zunum. As per reliable sources, Zunum is looking forward to launching fully electric planes by the end of 2022. Authentic r...

Canon on its way to acquire the Israeli video analysis firm BriefCam

Canon Inc. has reportedly announced that it has been planning to purchase the Israel-based video analysis company BriefCam Ltd. As per experts familiar with the matter, this acquisition falls among the latest trend of Japanese companies taking an inc...

DHL deploys second Boeing 747-400F airfreight to meet Asian demand

DHL Global Forwarding, a reputed provider of air and ocean freight forwarding services, announced that it will be expanding its air freighter operation to meet the growing demand in the Asian as well as Trans-Pacific trades. As per the official stat...

Humana & PE firm consortium to buy Curo Health for $1.4 billion

A consortium consisting of the notable U.S. health insurer Humana along with PE firms Welsh, Carson, Anderson & Stowe and TPG Capital announced that they have reached an agreement to acquire Curo Health Services, a privately held hospice. Accordi...

Bill 13 to ensure energy retailers attend to billing complaints pronto

Under a new bill introduced in Alberta, Canada, electricity and gas retailers in the state will be liable to pay hefty fines if they fail to settle customer billing complaints. Bill 13 now gives the Alberta Utilities Commission the right to levy pena...

Dialog signs MoU with Johor to invest in Pengerang Deepwater project

Dialog Group Berhad, one of the integrated technical service providers to oil & gas and petrochemical industries, signed a memorandum of understanding with Johor government to invest RM 2.5 billion in phase three of Pengerang Deepwater Terminals....

NHS England bans prescription for certain over-counter medications

The NHS England Board has decided to restrict the prescription for over-the-counter medicines that are generally advised for short-term health conditions. As per the new guidelines, products such as eye drops, cough mixtures, sun creams, and laxative...

VW plans to purchase back diesel vehicles affected by Germany ban

The renowned automaker, Volkswagen is planning to buy back new diesel cars – or almost new diesel cars affected by the recent decision of German court to ban diesel car to curb pollution. Reports cite that most of the cities in Germany have cro...

ObvioHealth raises $3 million to facilitate mobile clinical trials

ObvioHealth, one of the notable “site-less” clinical trial companies of Singapore, recently announced raising $3 million in a Series A funding round. Reportedly, the financing will help the firm in supporting its operational team and pres...

Mayne Pharma Group launches a generic alternative to Monodox in U.S.

Mayne Pharma Group, the Australia-headquartered drug delivery conglomerate, has recently announced the launch of doxycycline monohydrate IR capsules in the United States. Reportedly, the scarcely launched drug is a generic alternative for Monodox®...

Cybersecurity magnate McAfee acquires VPN company TunnelBear

McAfee, one of the reputed cybersecurity giants, has recently acquired TunnelBear, a consumer VPN company for an undisclosed amount. The acquisition of TunnelBear will align McAfee’s vision of protecting customer information which includes sens...

Intermountain Healthcare sets up its first virtual hospital in Utah

Intermountain Healthcare, a nonprofit organization renowned for dealing with telemedicine for the past five years, has recently made it to the headlines for establishing Connect Care Pro, its first virtual hospital. Jim Sheets, The Vice President of...

Irish payroll software company Payslip receives capital worth €1m

One of the most prominent financial technology companies, Payslip, based in County Mayo, Ireland, has received a funding of €1 million from several notable investors. This startup company supplies software solution for various business companies...

Sinopec crude oil production exceeds 100-million-ton milestone

The Sinopec Northwest Oilfield has reportedly become China’s first crude oil producing marine carbonate reservoir that has reached a target of 100 million tons of crude oil production. For the record, the Northwest Oilfield is located in the Ta...

PA Resources bags RM600 mn contract to supply materials to First Solar

Malaysia based PA Resources Berhad has been reported to have bagged a contract worth RM600 million to supply materials to two of the units of the US-based and Nasdaq enlisted First Solar Inc., namely, First Solar Malaysia Sdn Bhd. and First Solar Vie...

Ocado partners with Sobeys, penetrates Canada online grocery market

With the success of its debut international deal with Sobeys, the Canadian retailer, Ocado, the UK based online supermarket giant has established its first venture in North America. Ocado cleared that through this strategic partnership, it plans to b...

Telstra advances its IoT portfolio with the launch of Narrowband

Australian telecommunication and media company, Telstra has developed a new IoT assisted technology, titled Narrowband, which is likely to help a large number of devices share data with less power. In fact, it has developed this technology mainly for...

U.S. halts Alibaba affiliate Ant Financial’s bid to acquire MoneyGram

U.S. officials have apparently rejected a USD 1.2 bn deal of Chinese electronic payment company, Ant Financial to acquire the U.S. based money transfer company MoneyGram. This would have been one of the major business tie-ups between two economic pow...

Office for Nuclear Regulation sanctions new nuclear reactor design

The Office for Nuclear Regulation has taken a major step toward building a nuclear power station in Wales by approving Hitachi’s reactor design for Horizon Nuclear Power’s plant at Wylfa. For the record, the design of advanced boiling wat...

Sanofi’s first short-acting insulin, Admelog receives FDA approval

The U.S. FDA has approved first short-acting insulin, Admelog to control increasing risk associated with diabetes. After several clinical trials on Admelog from September 2017, FDA has now granted the final approval to this diabetes treatment drug, w...

Mineral Resources places the highest bid worth $484mn to acquire AWE

The Australian mining company, Mineral Resources has placed a bid of USD 484 million on the AWE gas company. Apparently, this is the third takeover bid placed in the last two months by major firms to acquire the Australian gas exploration and product...

Geely purchases Terrafugia, plans to launch flying cars by 2019

Flying fleets apparently may very well commence on the open roads by 2019, as it is reported that Volvo’s parent company, Geely Auto, has finalized the acquisition of Terrafugia, a next-generation startup company. With the support of the Zhejia...

Fox-Disney deal may pose challenges to other media giants

The globally reputed Manhattan-based multinational mass media corporation, 21st Century Fox has been in talks with Walt Disney Co., to sell most of its media assets excluding Fox news and sports. It is unclear though, if Fox business would be involve...

Supreme Court orders Samsung to pay USD 120 million to Apple

After years of combing through strenuous legal battles, Apple has finally won the judiciary case against Samsung. On Monday, the U.S. Supreme Court declined Samsung’s appeals of lower court ruling and another long-term dispute related to patent...

Federal government declares largest O&G lease sale in the U.S.

The Interior Department of the Federal Administration has scarcely announced its decision of encouraging oil and gas development extensively across the nation. The department has proposed nearly 77 million acres in the Gulf of Mexico on sale for ener...

UK government’s clean energy growth plan to meet 2050 climate target

The British government has declared a clean energy strategy for investing millions in low carbon innovations and renewable technology to accomplish its 2050 emission goal. In order to tackle carbon emissions, the Department of Business, Energy, and I...

Taiwan’s trade commission slaps a 774-million-dollar fine on Qualcomm

Qualcomm has been facing a series of antitrust probes since the last few years, one of the latest ones sourced from the Taiwan Fair Trade Commission (TFTC). If reports are to be believed, TFTC has levied a fine of close to USD 774.14 million on Qualc...

Nissan to recall automobiles sold in last three years across Japan, firm may face monetary losses of close to USD 220 million

Japan’s second largest carmaker has been forecast to be majorly impacted by faulty inspections, after Mitsubishi. The faulty inspection has pushed Nissan to recall 1.2 million vehicles manufactured for domestic market due to security reasons. F...

Adidas’ emphasis on athleisure apparel manufacturing proves disastrous for Nike product sales

One of the most acclaimed sneaker designer brands in North America, Nike, has reportedly suffered a catastrophic fall in its home country, possibly subject to design failures. Ironically, rival firm Adidas, the renowned German footwear brand, has def...

Anthem is on the verge of withdrawing from Nevada’s health exchange policy citing reasons of uncertainty regarding the Affordable Care Act

Anthem, Inc., the renowned American trusted insurance plan provider, has pulled down a shocker by announcing the withdrawal of its health insurance plan from Nevada. Back in 2010, President Barak Obama had signed the Patient Protection and Affordable...

MSAR government inks a strategic agreement with Alibaba to develop Macau smart city

The Macau Special Administrative Region (MSAR) has decided to sign a strategic alliance with one of the largest retailers of the global e-commerce market - Alibaba. Post conducting extensive research, the Macau government has chosen Alibaba as their ...

Indian government on the verge of blocking Shanghai Fosun’s 1.3 billion-dollar bid to takeover Gland Pharma

The Indian Cabinet Committee on Economic Affairs has decided to block the bid offered by Chinese conglomerate Fosun to acquire the Hyderabad-based Indian drug maker Gland Pharma Ltd., as cited by reliable reports. Fosun International Limited had offe...

China’s Cosco Shipping to get hold of Orient Overseas International for a staggering USD 6.3 billion

The latest quantum leap witnessed by the competitive arena of the shipping industry is that of China’s Cosco Shipping taking over container carrier, Orient Overseas. According to experts, the acquisition is a part of China’s ambition to s...

Cargill has initiated a partnership extension with FareShare to advocate its commitment to sustainable nutrition

The acclaimed American food & nutrition company, Cargill, Inc., has decided to expand its partnership with FareShare, the UK-based food redistribution firm, with a view to help the latter address food wastage in an economical, environment-friendl...

Shire obtains preliminary injunction against Roche over emicizumab

Renowned specialty biopharma giant Shire Plc, has been granted legal rights by the Hamburg court to injunct Swiss drug maker and arch rival Roche, regarding emicizumab, also called ACE910, the reputed hemophilia treatment drug. Headquartered in Dubli...

BMW plans to consolidate vehicle equipment to make heavy investments in its R&D operations

BMW, one of the oldest and most popular German automakers, has been undertaking crucial steps with a view to increase their research and development spending by 2019. The latest scoop points toward the direction of BMW venturing into the manufacturin...

Clinical collaboration between Novartis and Bristol-Myers Squibb to target the emergence of new cancer therapies

Novartis, a notable giant in the pharmaceutical market, has declared a strategic collaboration with the reputed American pharmaceutical firm, Bristol-Myers Squibb to carry out research activities on cancer treatment outcomes. To improve the effective...

Phase 1b Clinical Trial of AN0025 Begins - The first Patient Dosed

Adlai Nortye Ltd., a global biopharmaceutical company dedicated to developing innovative treatments for cancer, stated that in a phase 1b clinical trial (AN0025S0103), the first patient is been dosed to evaluate AN0025. It is a unique oral EP4 antago...

Shell sells upstream and midstream assets in Pennsylvania to NFG

Royal Dutch Shell plc, through its subsidiary SWEPI LP, has reportedly inked a purchase and sale agreement with the American energy company, National Fuel Gas (NFG) to sell its midstream and upstream assets in Pennsylvania. The deal valuation apparen...

Agnetix closes oversubscribed Series Seed Preferred funding round

Agnetix, a leading provider of advanced technology and sustainable lighting system in horticulture for commercial indoor growers, has announced the closing of its Series Seed Preferred funding round. The funding was considerably oversubscribed and co...

Cogitativo secures $18.5Mn from its Series B financing round

Cogitativo Inc., a U.S.-based data-science-as-a-service (DSaaS) company focusing on healthcare organizations, has recently raised $18.5 million from a Series B funding round led by Wells Fargo & Company’s wholly-owned subsidiary Wells Fargo...

Oakley Capital to acquire majority stakes in German gift card firm

OCI to buy majority stakes in German gift card company Seven Miles. This transaction demonstrates Oakley’s prowess in sourcing opportunities and providing significant expertise to its portfolio companies. Oakley Capital Investments Lt...

CEVA acquires sensor processing tech firm Hillcrest Laboratories

The acquisition will strengthen CEVA’s smart technology profile that will include vision, sound and motion sensing along with developed processors to facilitate artificial intelligence. CEVA, a California-based licensor of signal processing...

Paytm to acquire insurance startup Coverfox for $100-$120 million

If transaction turns out to be successful, Paytm will be positioned as one of the largest competitors for insurance marketplace Policybazaar. Indian e-commerce payment system and digital wallet company Paytm may reportedly acquire Coverfox, a...

Edgewell Personal Care to acquire Harry’s Inc. for $1.37 billion

The founders of Harry’s Jeff Raider and Andy Katz-Mayfield will reportedly join Edgewell’s executive team as co-presidents of the U.S. operations of the company. The American consumer product company Edgewell Personal Care has re...

Podimetrics secures $13.4m funding for diabetic foot ulcer device

Reports confirm that Podimetrics, based in Somerville, Massachusetts has recently secured $13.4 million in a series B round of funding, participated by Scientific Health Development, Rock Health, and Norwich Ventures, bringing its total raised to mor...

HP to explore the refurbished personal computers market in India

HP Inc. is reportedly looking to enter the refurbished market for personal computers in India, in an effort to offer more affordable products. The company had recently launched mini-desktops in India starting at Rs. 19990 for students and education i...

MIRA retains a dominant share of 90% in Mexican solar power portfolio

One of the subsidiaries of the Australian banking behemoth Macquarie Group, Macquarie Infrastructure and Real Assets (MIRA), has reportedly obtained a stake of 90% in a Mexican solar power portfolio. Endowed with a capacity of 322 megawatts (MW), the...

Chicago, San Francisco, Atlanta secure the top 3 positions as metros with ‘Green’ certified buildings: CBRE

The largest metros of the United States are getting greener with each passing year – claims the fifth annual U.S. Green Building Adoption Index recently published by CBRE and Maastricht University. According to the researchers of the index, the...

Irish video-game firm Keywords Studios makes a purchase of £26m

Keywords Studios, the Irish video-game giant has reportedly taken over Electric Square and Studio Gobo (called "Gobo" together) with an investment of about £26 million (€29 million). For the uninitiated, Gobo delivers game devel...

UiPath and Ubiquity join forces to take RPA to the next level

UiPath & Ubiquity Technology have reportedly come together to offer Robotic Process Automation (RPA) services to customers through their latest partnership. Sources cite that Ubiquity will leverage UiPath’s expertise and experience in Robot...

Rolls-Royce designs EVTOL vehicle plans to enter flying taxi market

British jet engine manufacturer Rolls-Royce in its recent announcement has unveiled that it is planning to foray the flying taxi market and would soon take the skies by next decade. Reportedly, the company has designed a state-of-the-art propulsion s...

Pomelo all set to launch its debut micro-retail store in Singapore

Pomelo Fashion, the Thai fashion site will be expanding its online-to-offline business framework with the opening of its retail store in Southeast Asia. Sources revealed that Singapore is being elected as the destination for the first micro-retail st...

GE to spin off its healthcare unit and divest Baker Hughes’ interests

General Electric on Tuesday announced that it will spin off its healthcare business unit and let go of its stake in Baker Hughes, its publicly traded oil-services company. GE will reportedly be focusing on power plants, jet engines, and renewable ene...

PayPal confirms decision to buy global payout platform Hyperwallet

PayPal Holdings, Inc. reportedly confirmed that it will acquire Hyperwallet, in a deal said to be worth $400 million to enhance its payout capabilities and enable the company to introduce unified payment solutions to ecommerce platforms. The move wil...

InterChem’s GBP 1mn fund may help to spike new polymer production

One of the global leaders in the petrochemical industry, InterChem has invested USD 1.4 million in Recycling Technologies, a fairly strong player in UK polymers and advanced materials industry. Incidentally, Recycling Technologies converts plastic sc...

VW’s latest emission charge to hamper its stance in automotive market

The German automaker Volkswagen has been facing another hurdle in the automotive and transportation industry. Reportedly, The Australian Automobile Association (AAA) accused this leading automaker of not essentially fixing its Dieselgate cars. The AA...

DuPont Tate & Lyle expands bio-based propanediol production

DuPont Tate and Lyle Bio Products, LLC, has reportedly declared the expansion of its manufacturing unit in Loudon, Tennessee. Incidentally, the firm is a joint venture between DuPont and Tate & Lyle. This expansion in polymers & advanced mate...

East Ventures participates in Warung Pintar’s $4mn funding round

The Indonesian retail technology company, Warung Pintar, has reportedly been on the receiving end of quite some capital this week. Reliable sources claim that several companies, including Digital Garage, Insignia Ventures Partner, Triputra Group, SMD...

Cairn India Holdings to acquire more than 50% stake in AvanStrate

Cairn India Holdings Ltd, which is an arm of the mining and metal firm Vedanta Resources Plc., has reportedly acquired a 51% stake in the Japanese liquid crystal display glass substrate manufacturer company, AvanStrate, the majority shares of which c...

Datong plans to invest 2.3bn yuan in Tainan to build solar power plant

One of the leading green energy companies based in China, Datong has decided to invest 2.3 billion Yuan to construct new solar power plant across seven fishery zones in the Tainan region after the capital rise in the shares. Statistically, the solar ...

Didi Chuxing receives $4 bn funding to promote business innovations

The leading Chinese ride-sharing company and a major provider of transportation services across China, Didi Chuxing has apparently received a huge chunk of funding from its investors. For the record, the firm has raised more than USD 4 billion from n...

Tencent & JD.com to jointly invest $863 in e-fashion retailer Vipshop

Tencent, China’s $500 billion social media giant along with its e-commerce partner JD.com, has agreed to invest $863 million in the Chinese online fashion retailer Vipshop, a move that is speculated to be a part of Tencent’s ongoing effor...

AWE’s shares rise as CERCG announces higher takeover bid of $463 mn

The China Energy Reserve and Chemical Group (CERCG) has apparently placed a second higher bid for AWE, traversing further than its initial offer. The revised bid of USD 463 million is pitched with a 2¢ hike on its previous offer and represents a...

Qualcomm inks multi-billion-dollar deal with Chinese handset makers

Renowned U.S. based chip maker Qualcomm has reportedly signed an agreement worth around USD 12 billion with three prominent Chinese smartphone makers, namely Oppo, Vivo, and Xiaomi. Under this agreement, Qualcomm has agreed to supply its products to ...

Cisco pioneers AI-powered voice assistant for meetings

The California based tech conglomerate, Cisco, has reportedly launched the world’s first enterprise-ready AI-powered voice assistant for meetings – the Cisco Spark™ Assistant. The inaugural product, say experts, comes in the face of...

Appleby’s data breach brings Glencore’s Congo investment to the fore

The world’s renowned commodities trader, Glencore Plc is likely to undergo an inspection for its business expansion in the Democratic Republic of Congo, on the grounds of confidential information leakage, cite reports. Apparently, Glencore is o...

Uber launches a reward-assisted credit card for its customers

Uber has scarcely announced one of its most lucrative partnerships ever – the ride-hailing company has collaborated with Visa and Barclays to introduce a new credit card for its customers at the Money2020 conference. Reportedly, this strategy h...

GSK wins approval from the U.S. FDA for shingles vaccine

GlaxoSmithKline (GSK) PLC, the British pharma giant, has apparently received the awaited green signal from the U.S. Food and Drug Administration for its new and enhanced shingles vaccine. As per reports, the Brentford-based joint venture is also hopi...

HAS approves improved vaccine Gardasil 9 for cervical cancer

The High Authority of Health (HAS) has approved a rather effective and improved vaccine against the infection with human papillomavirus (HPV) in the France market, called Gardasil 9. The vaccine may, in all probability, help prevent the onset of HPV,...

Anatara Lifesciences Ltd. announces commercial agreement with Zoetis for the development of Detach®

Anatara Lifesciences Ltd. Has recently announced a partnership with global animal health company Zoetis to commercialize the development, distribution, and marketing of Detach®. This strategic collaboration between Anatara and Zoetis is likely to...

Volkswagen announces the revival of its iconic microbus that is seemingly all-electric

At the recently held Detroit Auto Show, the German automaker Volkswagen revealed its concept car named as I.D. Buzz. VW had gone into explicit lengths to justify the name of the car – apparently, Buzz stands for Bus and ID stands for Intelligen...

Volkswagen plans to start its own MQB platform post the termination of partnership plans with Tata motors

India seems to have emerged as the latest destination for industry giants to set their eyes on, with respect to geographical expansion plans. In accordance with the same, eminent German automaker Volkswagen has decided to launch its MQB (Modular Tran...

Refresco announces the acquisition of Cott Corporation’s beverage business for USD 1.25 billion

Cott Beverages, which is one of the world’s largest producers of beverages, has apparently sold its soft drink business to Netherlands-based drinks bottler Refresco, for a staggering USD 1.25 billion. This deal is likely to catapult Refresco to...

Sanofi strikes a billion-dollar deal with Ablynx to develop nanobodies for immune-mediated inflammatory disorders

Reputed Belgium-based biotechnology giant Ablynx has entered into a strategic partnership with French pharma group Sanofi to develop nanobody based drugs that are principally manufactured to diagnose immune-mediated inflammatory disorders. This partn...

General Motors ties up with Uber for the pilot testing of Maven, its car-sharing operation in Australia

General Motors, one of the top automotive giants across the globe, has recently announced the testing schedule of its car-sharing operation, Maven, in Australia. Maven’s testing, as reported by authorities, is slated to commence with Uber, one ...

AstraZeneca to expand its production plant in Sydney, pharma giant aims to boost exports over the next half a decade

AstraZeneca, the reputed Anglo-Swedish pharma company, has recently announced an investment of USD 100 million for expanding its facility in Sydney, with a view to combat the rising demand for a particular asthma medication from China. As per estimat...

Alibaba’s purported voice assistant to capture Amazon Echo’s footprints across China

Alibaba is likely to launch its own voice assistant, thereby strengthening its already fierce competition with Amazon, the universally acclaimed retail behemoth. Amazon’s Alexa, the prestigious voice assistant, encompasses Echo-branded speakers...

BMW i Ventures and AI Gore jointly invest USD 55 million in Proterra to promote sustainable transport

Proterra, the America based giant, renowned for manufacturing heavy-duty composite-bodied electric buses, has received funds of USD 55 million in a Series 6 funding rounds, cumulatively from BMW i Ventures and AI Gore’s Generation Investm...

Stents industry to witness robust technological innovations with ongoing R&D activities

One of the fastest emerging verticals within the healthcare and medical devices space, the global stents market is set to witness numerous interesting trends in the coming years. Ongoing research and development in the industry is being powered by th...

Auto brand Mercedes explores possible tie-up with Sahara Force India

Formula One World champion Mercedes is reportedly seeking to form a collaboration with Formula One team Sahara Force India. The decision has come on the heels of Ferrari’s collaborations with Haas, claims Toto Wolff, owner and executive directo...

Stratasys commences shipments of cost-effective industrial 3D printer

Additive manufacturing magnate Stratasys has reportedly announced that it has started shipping its supposedly low-cost Fortus 380mc CFE (Carbon Fiber Edition) for USD 70,000. As per sources, the new product is an AMS (addictive manufacturing system) ...

Wind Tre hands over a $700mn equipment supply contract to Ericsson

Swedish telecommunications equipment manufacturer, Ericsson AB has apparently won a contract worth EUR 600 million (USD 700 million) to supply wireless equipment to Wind Tre. The company will also be responsible for installing the equipment and bring...

LabCorp & Philips to tie up for advancing the use of digital pathology

LabCorp, a prominent life sciences company and Royal Philips, a formidable name in health technology, have announced a partnership which is aimed at enhancing digital pathology. As a part of the collaboration, the Philips IntelliSite Pathology Soluti...

Bird raises $300M amid intense competition in the scooter industry

Thursday witnessed the long-awaited round of funding for Bird, one of the most hyped start-ups in the scooter segment, which fetched another $300 million in investments. The funding round was prominently led by Sequoia Capital and Bird’s previo...

LG Chem brings Enbrel biosimilar Eucept to the Korea industry

LG Chem, the South Korean chemical behemoth recently announced the launching of Eucept in Korea. Incidentally, Eucept is a biosimilar version of Enbrel which is developed by Amgen and marketed by Pfizer. Enbrel is one of the most purchased drugs in t...

Merck plans to use blockchain to eliminate counterfeit medicines

With counterfeit medicines being a critical issue in the healthcare industry, pharmaceuticals industry behemoth Merck has decided to employ the emerging blockchain technology in its supply chain. The technology will reportedly be used for tracking go...

Volkswagen & Ford tie up to jointly manufacture commercial vehicles

Volkswagen and Ford Motor have reportedly taken a promising step to launch a joint commercial vehicle development project. With this strategic collaboration, both the behemoths are looking to forward to compete in the automotive market that is demand...

GM & Honda team up to deliver breakthrough battery for upcoming EVs

Globally renowned automotive giants GM and Honda have reportedly formed a joint venture to develop high-performance batteries. Sources claim that through this deal, they will focus on the development of chemistry battery components comprising module ...

Platform Specialty confirms it wants to sell its agrochemicals business

Platform Specialty Products Corporation, a Florida-headquartered specialty chemicals industry major, is reportedly in progressive discussions to divest its agrochemicals business. The divesture will be made to Wilmcote Holdings Plc, a holding company...

Magellan & CIP to develop floating offshore wind energy in the U.S.

The United States based energy management firm, Magellan Wind has entered into a partnership with Copenhagen Infrastructure Partners (CIP) with a view to achieve an early-stage advanced portfolio of floating offshore wind projects near the coast of C...

Foxconn-owned Sharp to acquire Toshiba’s loss-making PC business

Japanese electronics manufacturer Sharp announced on Tuesday its decision to buy out Toshiba’s personal computer business. Reportedly, this segment has been experiencing heavy losses owing to innovations in the electronics and media industry. T...

Keytruda’s success cements Merck’s stance in healthcare industry

Keytruda, the immunotherapy to treat lung cancer being developed by Merck and Co., apparently showed improved survival when used as a stand-alone treatment for newly diagnosed lung cancer. A source at Merck stated that these results presented at the ...

Aramco-Halliburton to augment Saudi Arabia O&G industry growth

The oil and gas industry witnessed a landmark deal signed between Saudi Aramco and the multinational oilfield services company Halliburton for the development of unconventional resources. The three-year deal will engage Halliburton in improving the p...

Specialty chemicals major AkzoNobel plans to upgrade Mahad facility

AkzoNobel, one of the most prominent contenders of the bulk & specialty chemicals industry, has scarcely announced an investment of £4 million (Rs 32 crore). As per authentic sources, AkzoNobel plans to pour in this capital for the expansio...

Mercedes-Benz develops new electric car, challenges Tesla Model S

Mercedes-Benz, the world leader in bestselling luxury cars, is preparing to challenge Tesla in the high end electric car segment with its battery powered sedan that will resemble the Mercedes-Benz S-Class. Reportedly, the battery powered full sized ...

Nintendo collaborates with Scrum, aims to find new tech for Switch

Nintendo Co., the video gaming industry giant has reportedly teamed up with Scrum Ventures, the US based early venture capital firm to search for startups who can innovate new technologies for the Switch, the hit Nintendo gaming console. Scrum will ...

Aramco’s Motiva plans petrochemicals expansion in the U.S.

Motiva Enterprises, a wholly owned subsidiary of Saudi Aramco, has reportedly signed a MoU with Honeywell UOP and TechnipFMC to explore petrochemical production technology in the U.S. Aramco’s CEO, Amin Nasser reportedly signed the MoU which is...

Silvaco-Silicon deal to markedly influence electronics industry trends

Silvaco, one of the leaders of IP and EDA providers has teamed up with Silicon Catalyst, the world’s only startup incubator dealing exclusively in silicon solutions. The deal aims to provide silicon proven IP which will play a critical role in ...

ZTE container networking solution debuts in smart technology industry

ZTE, one of the major global telecommunication equipment providers, has made it to the headlines post unveiling its container network solution for open source network function virtualization (OSNFV). With this launch, ZTE hopes to further promote the...

Siemens-Hackrod deal to transform automotive industry outlook

Plano headquartered Siemens PLM Software has scarcely collaborated with Hackrod Inc., for developing an innovative digital platform for customer-oriented engineering design and production. This revolutionary approach is targeted toward enabling the c...

NH-ISAC to facilitate secure threat sharing in healthcare industry

The National Health Information Sharing and Analysis Center (NH-ISAC) has apparently chosen to enable seamless and secure threat sharing within the healthcare & medical devices industry. In the light of the current scenario plagued with massive c...

Sensor City receives grant to explore 5G in healthcare industry

A Liverpool based research innovation center, called Sensor City, has received a grant of £3.5 million for exploring 5G opportunities in the healthcare and medical devices industry. This technology hub apparently supports and provides funding f...

Nanoparticle-based drug may soon be launched in healthcare industry

Acclaimed scientists from the Russian ITMO University may soon revolutionize healthcare and medical devices industry with their latest discovery. As per reliable sources, they have discovered that magnetically-driven nanoparticles containing thrombin...

TNB acquires 80% stake of UK based renewable energy enterprises

Tenaga Wind Ventures UK Ltd, a wholly owned unit of Tenaga Nasional Bhd reportedly acquired 80% stake in two UK based renewable energy enterprises namely Bluemerang Capital Ltd and GVO Wind Ltd for £77.37 million. During an exchange filing, TNB...

Google plans to finance Indonesian ride-hailing company Go-Jek

In a bid to be a part of Indonesia’s growing digital economy, tech giant Google has announced that it plans to invest a substantial amount in the country’s primary ride-hailing company, Go-Jek. So far, state reports, Google has not disclo...

Noble Energy to expand its natural gas extraction ventures in Israel

Noble Energy, one of USA’s leading oil and gas exploration and production companies has been reported to be planning to expand its operations at Leviathan, Israel - the large natural gas site off the Israeli Mediterranean coast. For the record,...

Archtech Solar constructs 10MW solar power plant in Saudi Arabia

One of the world’s leading solar tracking and racking systems manufacturer and solutions provider, Archtech Solar has formally commenced the construction of a solar power plant in Khafji, Saudi Arabia. Post its successful entry in the African m...

Hyundai & VW sign deals with Aurora to develop autonomous vehicles

The automotive industry is headed for a major shakeup, as conventional automobile manufacturers are rushing to sign deals with self-drive vehicle innovators to become the first to capture the driverless automobile industry. Automakers Volkswagen and ...

Oracle to acquire Australian software company, Aconex for $1.19bn

Oracle has signed an agreement to buy out one of the leading Australian companies in web-based project management software, Aconex Ltd for USD 1.19 billion in cash. In fact, Oracle has agreed to pay USD 5.97 per share in cash, which was about 45% hik...

UnitedHealth’s Optum unit to take over the physician group from DaVita

UnitedHealth Group, one of the most prominent healthcare behemoths, has made it to the front-page for having acquired a large physician group. The acquisition apparently comes immediately on the heels of the merger between Aetna and CVS health. With ...

Alberta plans to invest $1.4bn to boost innovations in energy sector

The government of Alberta, in Canada, has apparently taken a significant step to curb greenhouse gas emissions from several industrial sectors. In fact, the government has decided to provide financial support to numerous industry verticals – pr...

Shell inks deal to further develop the QCLNG project in Queensland

Shell has reportedly signed a multi-billion-dollar deal with Arrow Energy targeted toward a long-awaited gas development. Apparently, the 27-year long deal has been signed to minimize the gas shortfall to Shell’s Queensland Curtis Liquefied Nat...

China-US sign LNG agreement to develop the natural gas sector

The United States and China have apparently agreed to work alongside to develop the natural gas sector across the former. If reports are to be believed, this deal comes along the heels of the U.S. President Donald Trump’s visit to China, in the...

Consol Energy Board gives the green signal for company separation

The Board of Directors of Consol Energy Inc., have apparently sanctioned a plan to the divide company into two openly traded entities - one that would deal with oil & gas extraction, and another that would deal with coal mining. Reports claim tha...

Sears ends long-term partnership with Whirlpool

In what may seem as an astonishing announcement of sorts, struggling retail firm, Sears Holdings has categorically declared that it would no longer sell the products of Whirlpool such as KitchenAid, Jenn-Air, and Maytag. Currently, Sears plans to sel...

Siemens Gamesa forge a deal with Equis Energy to supply 20 gearless SWT 3.6-130 wind turbines across Indonesia

Renowned German based power generation company Siemens and Spanish firm Gamesa intend to expand their footprints in Indonesia, through a deal with Equis Energy that is currently working on the ‘Tolo 1’ wind farm project. Through this join...

FDA’s Advisory Board to confer on the safety parameter of Novartis’s gene therapy drug for leukemia

Novartis AG is on the verge to become the first firm to get approval from the U.S. government for a gene therapy drug. It has been reported that during one of the ensuing days, the oncology drug advisory committee of FDA will review this gene therapy...

AstraZeneca to attain approximately GBP 450 million via selling the commercial rights of two major drugs to key pharma firms

AstraZeneca Plc, a world-renowned Anglo-Swedish multinational pharmaceutical firm headquartered in Cambridge, has announced the sale of two vital drugs to reputed pharma companies. The company already encompasses a wide range of products pertaining t...

Magna signs crucial contract with BMW to manufacture Series 5 plug-in hybrid vehicles

Magna is on its way to become an important part of the world’s emission free transportation strategy by means of its strategic collaboration with BMW. As per reports, the regulatory bodies worldwide have been pressurizing automakers to come up ...

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About Author : Pankaj Singh

Contribution By Pankaj Singh