About Author : Pankaj Singh

FarMart raises $10 Mn in Series A funding round led by Matrix Partners

FarMart, a SaaS-based B2B food supply company has reportedly secured USD 10 million in a Series A investment round initiated by Matrix Partners India. Innoven Capital and current investors Avaana Capital, 500 Startups, and Omidyar Network India also ...

Stripe announces first Indian acquisition of Bengaluru-based Recko

API and payments company Stripe has reportedly acquired Recko, in its first acquisition of an Indian company. Recko is a Bengaluru-based fintech startup that provides payments reconciliation software for online businesses. The acquisition comes along...

FLAPZ & GE Digital sign MoU to offer safety measures for business jets

GE Digital has reportedly signed a Memorandum of Understanding (MoU) with Columbia-based aviation marketplace, FLAPZ to work together on increasing safety in General & Business Aviation in Columbia and other parts of Latin America. The compani...

Ipsen - Accent Therapeutics ink collaboration agreement for METTL3

Ipsen has reportedly signed an exclusive global collaboration agreement with Accent Therapeutics Inc. to research, develop, produce, and promote the pre-clinical stage METTL3 program of Accent. Under the partnership, the Paris-based company will pay ...

Dixon Technologies plans 5G mm smartphone export to United States

Dixon Technologies, a domestic electronics manufacturing company, has reportedly commenced the production of 5G millimeter(mm) wave smartphones. These will be the first set of devices from the segment to be exported from India. The Noida-based com...

Nothing secures $50M from investors and partners with Qualcomm

Nothing, a London-based consumer technology brand, has recently secured $50 million from private and strategic investors, as well as partnered with Qualcomm, a chipmaker, to power its upcoming products. Nothing, a brainchild of OnePlus’ Co-f...

Reliance Industries to invest USD 29 Million in Germany’s NexWafe

Reliance Industries (RIL)’s wholly-owned subsidiary, Reliance New Energy Solar (RNESL) is reportedly set to invest USD 29 million (25 million euros) in NexWafe GmbH, a company that develops highly efficient monocrystalline silicon wafers. RN...

Dorel to sell sports segment to Pon Holdings for USD 810 Million

Dorel Industries Inc. has reportedly inked a definitive agreement to sell its bicycle segment, Dorel Sports, to Dutch mobility group Pon Holdings B.V. for a cash deal of USD 810 million, which is around CAD 1 billion. Subject to closing adjustment...

Rio Tinto opens vaccination hub at Perth Airport for mining industry

Rio Tinto has reportedly opened vaccination clinics at Perth Airport, which will enable FIFO (fly-in fly-out) workers from the mining industry to get COVID-19 vaccination when they land in Perth. The global mining group partnered with the Department ...

Lubrizol unveils FlowGuard® Plus mobile app to improve plumbing skills

Lubrizol Corporation has reportedly launched a new mobile app, FlowGuard® Plus. This new application has been developed to offer education as well as training on new disciplines, and reward plumbers for having in-app engagement. Initially, the ap...

GE & GM sign MoU to develop rare earth materials supply chain for EVs

General Electric Company (GE) and General Motors Company (GM) have reportedly planned to establish a rare earth materials supply chain, to aid in the development of renewable energy equipment and electric vehicles. The memorandum of understanding sig...

IPO-bound Ola acquires GeoSpoc to reinforce its ride-hailing services

Ola Cabs has reportedly acquired GeoSpoc, a geo-analytics company, for strengthening its ride hailing services with advanced technology. GeoSpoc was founded in 2014 by Geetha Krishna, Krishna Rajan, and Dhruva Rajan. The company provides location-bas...

CEAT completes acquisition of a 26% stake in Cleanwin Energy

Tire manufacturer CEAT Ltd. has reportedly executed the acquisition of a 26% share in Cleanwin Energy, for which it inked an agreement in September 2021 with Yellowstone Clean Energy LLP. Cleanwin Energy is the owner, operator, and maintainer of a ca...

N.THING raises $26 Mn in a bid to accelerate growth & expand worldwide

South Korean AgriTech firm N.THING has reportedly raised USD 21 million in a Series B funding round that is up from a previous series round of USD 5 million, thereby securing a total USD 26 million of funds. This round is considered as an addit...

Facebook announces next phase of creator education programme in India

Facebook, a social networking service company, has reportedly announced the next phase of ‘Born on Instagram’, its creator education programme in India. The company further revealed that it witnessed a 35% surge YoY (year-on-year) in the ...

Birla Corp aims to double cement capacity to 30 million tons by 2027

Birla Corporation, the MP Birla Group company, has reportedly announced its plans to double its cement producing capacity to around 30 million tons per year in the next five years by 2027. While addressing the company stakeholders at the AGM, Hars...

IndiGo and American Airlines enter into code-sharing agreement

American Airlines (AA) has reportedly announced a codeshare agreement with IndiGo Airlines. This will help place American Airlines’ code on 29 of the domestic routes of IndiGo in India. The agreement will offer a suitable alternative for cus...

Sanctum Wealth raises $10.5 Mn investment from The Xander Group Inc.

Global investment company The Xander Group Inc. has reportedly invested USD 10.5 million (Rs 78 crore) in Sanctum Wealth, a wealth management firm based in Mumbai. The investment will be executed through Xander’s financial services arm based...

CBSE implements blockchain technology to ensure document safety

CBSE (The Central Board of Secondary Education) has reportedly integrated blockchain technology to shift to paperless operations and maintain the safety of class 10 and class 12 results. Antriksh Johri, the CBSE Director of Information and Technol...

RELX enters KSA distribution partnership with SAF Trading Agencies

RELX International has reportedly partnered with SAF Trading Agencies for the exclusive distribution of RELX e-liquid nicotine products and e-cigarette devices across the Kingdom of Saudi Arabia. Fouad Barakat, the General Manager of RELX Internat...

Sony Group unit to acquire majority stake in India’s Zee Entertainment

Sony Pictures Networks India has reportedly agreed to acquire Zee Entertainment. If this deal materializes, it will bring together two of the biggest broadcasters in India that operate large-scale cable television networks, music labels, streaming se...

Emirates, Air Canada, Air India and others to resume Toronto flights

Air Canada has reportedly recommenced all flight operations in India, after a long halt of four months owing to the life-threatening second wave of COVID-19. Along with this, other airlines have also restarted their flights between Canada and India, ...

HDFC Bank collaborates with Paytm to unveil co-branded credit cards

HDFC Bank Limited has reportedly established a partnership with the online payment platform Paytm to launch a range of VISA-powered credit cards. The collaboration aims at providing a range of services across consumer segments, with a primary focus o...

WISeKey signs MoUs with Governments of Gibraltar and La Línea

Leading global AI, cybersecurity, IoT, and Blockchain company WISeKey International Holding Ltd has reportedly inked two Memoranda of Understanding (MoUs) with Mr. Juan Franco, the Mayor of La Línea de la Concepción, and Mr. Fabian Pica...

Monzo plans to enter BNPL market with its new Monzo Flex product

Monzo, the UK-based online bank, is reportedly planning to make its entry into the ‘buy now, pay later’ market, offering credit limits of over $4,137 (£3,000) to customers in the region. The digital bank, which has above 5 millio...

Gaming company MPL becomes a unicorn with USD 2.3 Bn valuation

Skill gaming and Esports app MPL (Mobile Premier League) has reportedly become the latest unicorn in India, with a valuation of USD 2.3 billion owing to a Series E funding round. The round was initiated by Legatum Capital with current investors SIG, ...

Hero Electric partners with Massive Mobility to deploy 10K EV chargers

The largest two-wheeler electric vehicle manufacturer of India, Hero Electric, has reportedly announced a partnership with Massive Mobility to deploy 10,000 EV chargers for two-wheelers across the country. This move comes in a bid to widen its chargi...

Prospection raises USD 45 Mn in a Series B round to expedite growth

Prospection, a global healthcare data technology firm, has reportedly secured a Series B round of USD 45 million from institutional investors, initiated by new investors Ellerston JAADE. Current investors Horizons Ventures and Main Sequence also took...

Tech giant Olympus Corp. impacted by ransomware group BlackMatter

Japan-based Olympus Corp. is reportedly looking into a latest possible cybersecurity incident affecting the company’s computer network in Africa, Middle East, and Europe. The company, in a statement, mentioned that it detected some suspicious a...

IRCTC to unveil India’s first luxury cruise liner starting Sept 18

The IRCTC (Indian Railway Catering and Tourism Corporation) will reportedly commence the operations of the first Indian cruise liner starting September 18. The first cruise will be launched in collaboration with private company Cordelia Cruises, and ...

Deutsche Telekom inches closer to sale of Dutch unit for USD 5.9 Bn

German telecom company Deutsche Telekom AG is reportedly nearing a deal with the private equity consortium of Apax Partners and Warburg Pincus to divest its Dutch unit. The consortium is set to buy T-Mobile Netherlands for around USD 6.1 billion from...

Research company IHL Group collaborates with Content Catalyst

Hospitality and research firm IHL Group has reportedly announced a partnership with tech provider Content Catalyst Ltd. to unveil an interactive platform for subscribers using Publish Interactive, a leading content delivery service. IHL, a Tenness...

Edtech startup Unacademy unveils ESOPs buyback worth USD 10.5 Million

Edtech company Unacademy has reportedly announced its largest employee stock ownership plan (ESOP) buyback strategy worth USD 10.5 million for its educators and team members. The Co-Founder of Unacademy, Roman Saini, mentioned that it was the largest...

Apollo Global Management successfully acquires Yahoo for USD 5 Billion

Private equity company Apollo Global Management has reportedly announced the acquisition of Yahoo, previously known as Verizon Media Group from Verizon. The deal is stipulated to be worth USD 5 billion, with preferred interests of USD 750 million and...

Google Pay might soon allow Indian users to open fixed deposits

Digital wallet platform Google Pay is reportedly planning to allow Indian users to open fixed deposits. This move comes along the heels of Google’s latest collaboration with Indian fintech company Setu. Google Pay is one of the most used dig...

Shoppers Stop sells Crossword Bookstores to Agarwal Business House

Departmental store chain Shoppers Stop has reportedly sold Crossword Bookstores Ltd., its wholly-owned subsidiary, to Agarwal Business House (ABH), the chain’s Pune-based franchisee, at a business valuation of Rs 41.62 crore. The company has...

L&T Finance in advanced talks with HSBC to sell its mutual fund arm

L&T Finance Holdings Limited has reportedly held talks with major financial services company HSBC about selling its mutual fund business. In 2020, private equity company Blackstone also had talks with L&T Finance to purchase its mutual fun...

Oceania Cruises restarts sailing for first time in almost 18 months

The world’s leading destination- and culinary- focused cruise line, Oceania Cruises, has reportedly resumed sailing for the first time in over 524 days. Marina, the first ship from Oceania Cruises to restart sailing on August 29, is also the fi...

IT ministry signs MoU with Paytm to bolster deep-tech startups

Ministry of Electronics and IT Startup Hub (MeitY) has reportedly inked an MoU (Memorandum of Understanding) with Paytm to bolster deep tech startups. The partnership is aimed at upscaling deep-tech startups, by offering access to knowledge series, p...

Prime Venture Partners announce USD 100 million Fund IV round

Investment company Prime Venture Partners has reportedly announced a USD 100 million Fund IV round with the first closure of USD 75 million, or Rs 556 crore. The company raised USD 8 million in its first funding round in 2012, USD 46 million in the s...

Samsung seeks to invest USD 206 Bn by 2023 for post-pandemic expansion

Samsung Group has reportedly planned to invest USD 206 billion (240 trillion won) over the next three years to expand its presence in artificial intelligence, biopharmaceuticals, robotics, and semiconductors in the post-pandemic era. Samsung has a...

O’ Be Cocktails raises first investment round of INR 3.5 crore

RTD (Ready-To-Drink) cocktail startup O’ Be Cocktails has reportedly announced a fundraise of Rs. 3.5 crore. This funding round was initiated by Letsventure, First Cheque, Ola’s Ankit Bhati and Bhavish Aggarwal, Sprout Investments, and th...

GMR Hyderabad Int. Airport restarts Hyderabad-Malé flight service

GMR Hyderabad International Airport Ltd. (GHIAL) has reportedly restarted the direct flight from Hyderabad to Malé in the Maldives. This flight service has been commenced by IndiGo Airlines. On August 22, IndiGo flight 6E 8108 took off from...

Waymo Via upscales auto trucking ops in Arizona, Texas & California

Waymo LLC, the self-driving arm of Alphabet, is reportedly constructing a devoted trucking hub in Dallas and collaborating with Ryder for services of fleet management. This is the company’s two-pronged move to upscale its autonomous trucking op...

Healthtech wearable glucose tracker Ultrahuman raises $17.5m in Series B funding

Ultrahuman is re-inventing fitness-tech via its glucose tracking wearable that helps people improve their diet and exercise. Thousands of people in the waitlist with 60% week over week growth. Los Angeles, US | Ultrahuman, the rapidly gr...

Postman becomes highest valued SaaS startup with $225 Mn fundraise

Postman Inc., the Bengaluru and San-Francisco-based SaaS (software-as-a-service) platform has reportedly raised a Series D funding of USD 225 million, valuing the company at USD 5.6 billion. The round was initiated by current investor Insight Partner...

Manitowoc Company Inc. announces the acquisition of Aspen Equipment

Manitowoc, a leading global producer of lifting and cranes solutions, has reportedly announced the acquisition of almost all the assets of Aspen Equipment Co., an expanded crane dealer and a leading purpose-built, final-stage work truck up-fitter, fo...

Tata Motors collaborates with Bank of Maharashtra for car financing plan

Automotive giant Tata Motors Limited has reportedly partnered with the Bank of Maharashtra to provide a retail financing plan for its passenger vehicles. Under the collaboration, the Bank of Maharashtra will offer loans to Tata Motor’s consu...

NASA tests Redwire’s 3D printer for constructing lunar structures

NASA has reportedly launched a new 3D printer from Redwire to the ISS (International Space Station) for constructing lunar structures. Engineers from NASA have taken a step ahead in utilizing technology to test materials on the moon. Recently, Nor...

Heads Up For Tails announces Series A round of USD 37 million

Heads Up for Tails, the pet care brand, has reportedly announced a Series A funding round of USD 37 million initiated by Sequoia Capital India and Verlinvest. This funding round also saw participation from existing investor W&C PetTech and Amitel...

Zomato to cease operations of U.S. table reservation business

Zomato, the online food delivery and restaurant locator platform has reportedly divested its stake in Nextable Inc., the step-down subsidiary, for USD 1,00,000. The company apparently stated in a stock exchange filing that it has decided to cease ope...

Barings buys Hinduja Global’s healthcare services business for $1.2bn

Barings Private Equity Asia (BPEA) has reportedly bought the healthcare services business from Hinduja Global Solutions (HGS), the business process outsourcing company, for an enterprise value of USD 1.2 billion. HGS apparently stated in a stock e...

CoinDCX raises USD 90 million, becomes first crypto unicorn of India

CoinDCX, the cryptocurrency exchange firm, has reportedly raised around USD 90 million in a funding round initiated by Eduardo Saverin, the Facebook Co-Founder’s fund B Capital, thereby valuing the company at USD 1.1. billion. This transacti...

Morgan Stanley hires Citibank to find buyer for Continuum Green Energy

Investment bank Morgan Stanley has reportedly hired Citibank to search for a majority stake buyer in its renewable energy group, Continuum Green Energy. Citibank received the mandate for selling the majority stake of Morgan Stanley in Continuum Green...

Reliance Industries to set up PET recycling plant of 5 billion bottles

Reliance Industries Ltd. has reportedly established a PSF (polyester staple fiber) production facility in Andhra Pradesh for doubling its PET (polyethylene terephthalate) recycling plant to 5 billion bottles. Srichakra Ecotex India Pvt. Ltd. will ...

IndiGo plans to unveil IATA Travel Pass for international travel

India-based airline IndiGo has reportedly collaborated with IATA (International Air Transport Association) to unveil a pilot project for IATA Travel Pass. This will allow passengers to create a digital pass for verifying the status of their vaccinati...

E-commerce beauty startup Nykaa to raise USD 500 Mn through IPO

Indian beauty startup Nykaa has reportedly planned to raise USD 500 million via its IPO (Initial Public Offering). This makes Nykaa the latest homegrown company to get listed on the domestic stock market. The Mumbai-based, TPG-backed company sells gr...

Oil Search and Santos to close a buyout deal worth A$8.4 billion

Oil Search Ltd. has reportedly revealed its intention to recommend an updated buyout offer worth A$8.4 billion (USD 6.2 billion) from Santos Ltd. This deal will result in the creation of a top-20 global oil and gas company. The merged entity would...

Delhivery inks USD 200 million deal to acquire Spoton Logistics

Delhivery, an IPO bound contemporary domestic logistics and supply chain company, has reportedly signed an acquisition agreement with rivals Spoton Logistics, through a USD 200 million deal. The deal is backed by major investors like Tiger Global Man...

Ashok Leyland plans USD 200 million investment in electric vehicles

Ashok Leyland, the flagship firm of the Hinduja Group, has reportedly planned to invest around USD 200 million in electric vehicle ventures through Switch Mobility Ltd., the company’s UK-based arm, over the next few years. Switch Mobility wi...

Vir Biotechnology and GSK sign joint procurement agreement with the EU

Vir Biotechnology Inc. and GlaxoSmithKline plc. have reportedly announced a Joint Procurement agreement with the European Commission to provide around 220,000 doses of sotrovimab. The investigational single-dose monoclonal antibody against the SARS-C...

Grofers forays into instant deliveries following $120Mn Zomato funding

Grofers, the online grocery delivery company, has reportedly delivered to around 7,000 households in under 15 minutes on July 26, according to Chief Executive Officer and Co-Founder Albinder Dhindsa. This development comes along the heels of the comp...

BDR Pharma signs agreement with DRDO to produce COVID-19 drug 2-DG

BDR Pharma has reportedly signed a licensing agreement with the DRDO (Defence Research and Development Organisation) to produce, distribute, and promote COVID-19 drug 2-DG (2-Deoxy-D-Glucose) in India. The Mumbai-based company has inked an agreeme...

IFC loans $250 million to HDFC to promote green housing in India

HDFC Limited, an Indian financial services company, has reportedly received a loan worth $250 million from IFC (International Finance Corporation), a member of the World Bank Group. This loan has been provided with an aim to help the finance company ...

BIAL inks partnership with IBM to furnish ‘Airport in a Box’ platform

IBM Hybrid Cloud capabilities, Kyndryl, and Red Hat Automation services would potentially help BIAL improve the airport productivity One of the leading technology companies, IBM has made it to the news headlines yet again, for entering into a 10-y...

Swiggy’s funding appetite increases the overall valuation to $5.5 billion

With more on the plate now, one of the leading food delivery firms, Swiggy, has recently announced concluding its $1.25 billion funding round headed by SoftBank Vision Fund 2 and Prosus Swiggy has recently declared closing down its recent $1.25 bi...

AMC to take over leases of two of LA’s most lucrative theatres

World’s largest cinema chain, AMC Entertainment, has reportedly added two more locations to its portfolio. The company has apparently revealed that it would be signing a deal to lease The Grove shopping complex’s 14-screen cinema in th...

Samsung introduces a 1,000-inch MicroLED display for commercial use

Samsung Electronics Co. Ltd. has reportedly launched a new version of The Wall, a giant MicroLED display, which is approximately 1,000 inches in size. The new display will probably be used for commercial and business applications, as showcased by the...

Rossari Biotech to announce the acquisition of Tristar Intermediates

Specialty chemicals manufacturer, Rossari Biotech Ltd., has reportedly declared the acquisition of Tristar Intermediates for a stipulated value of Rs. 120 crore. This acquisition was approved by the company’s board and will help Rossari to w...

Reliance plans to acquire JustDial to reinforce local commerce

Reliance Industries has reportedly planned to take control of JustDial, a local platform for business listings. The agreement could be secured at a price of around USD 800 million to USD 900 million. Currently, JustDial is valued at around Rs. 6,9...

Reserve Bank of India bans Mastercard from adding new customers

Mastercard has reportedly been barred indefinitely by the Reserve Bank of India (RBI) from issuing new credit, debit, or prepaid cards to customers. This ban has been raised owing to Mastercard’s non-compliance with local data storage rules. ...

Carmaker Maruti Suzuki to raise price for Swift and all CNG models

Maruti Suzuki India Ltd. has reportedly announced that it has hiked prices of Swift and all CNG variants owing to increasing input costs. The price hike, which is set to be about INR 15,000 for these models, was put into effect from July 12. The c...

Indian e-commerce giant Flipkart raises funding of USD 3.6 billion

Flipkart, the Indian e-commerce company, reportedly raised fresh funds of USD 3.6 billion from global investors. This includes private equity, sovereign funds, and financial assistance from Walmart, Flipkart’s parent company. GIC, a Singapor...

Online travelling platform EaseMyTrip eyes 100% growth in 2021

EaseMyTrip, an online travel solutions provider, is reportedly aiming for 100 percent growth in 2021. This comes along the heels of a gradual demand recovery for tourism in India. The Chief Executive Officer and Co-Founder of EaseMyTrip, Nishant P...

NHS Hospitals forced to cease operations due to impending third wave

Hospitals in the U.K. are reportedly being forced to cancel operations, like cancer surgeries, with a surging number of COVID-19 patients and loss of hospital staff due to self-isolation. Leeds Teaching Hospitals, one of the biggest NHS trusts in ...

Visa confirms consumer spending worth $1 bn via crypto-linked cards

Financial services company Visa has reportedly affirmed that consumers have spent around USD 1 billion worth of cryptocurrency on goods and services across the globe, using their crypto-linked cards in the first half of 2021. However, the company has...

Sumitomo Mitsui plans to acquire Fullerton India Credit Company

Japan-based Sumitomo Mitsui Financial Group (SMFG) has reportedly announced plans to acquire the NBFC arm of Fullerton Financial Holdings (FFH), Fullerton India Credit Company (FICC). Sumitomo Mitsui is set to obtain a 74.9% stake in the NBFC arm,...

Paytm partners with Aditya Birla Finance to launch Postpaid Mini

Fintech company Paytm has reportedly collaborated with Aditya Birla Finance Ltd. to launch Postpaid Mini. This will be an extension of its ‘Buy Now Pay Later’ service to make the credit system affordable for new users. The company supp...

Australia’s biggest airport receives a buyout bid of USD 16.7 billion

Sydney Airport Holdings Pty Ltd. has reportedly received a cash buyout bid of USD 16.7 billion from a syndicate of infrastructure investors. This activity caused the company shares to surge by over 38%. The successful execution of this deal would ...

Wardwizard plans to unveil electric race bikes, scooters by December

India-based Wardwizard Innovations and Mobility has reportedly decided to launch four electric scooters and electric race bikes by December 2021. The company also has plans to introduce a passenger three-wheeler by 2022. Wardwizard promotes EVs under...

Axis Bank signs a contract with AWS to transform digital banking

Axis Bank, the third-largest private sector bank in India, has reportedly signed a multi-year contract with Amazon Web Services (AWS), to bolster the transformation of digital banking. Under this deal, Axis Bank will explore the AWS services to co...

Online beauty learning platform Airblack raises USD 5.2 million

Airblack, an online makeup and beauty skills learning platform, has reportedly raised a Series A funding of USD 5.2 million. This round was co-led by Elevation Capital and Info Edge Ventures. The company helps people learn the skills of makeup and...

ROCKI and Black Dog Music Partners Announce Music NFT Partnership

Black Dog CEO Scott Kelly Becomes Advisor to ROCKI NEWS RELEASE BY BLACK DOG VENTURE PARTNERS Los Angeles, CA | 06/26/2021 ROCKI and Black Dog Music Partners have announced that they are teaming up to provide artists with more opp...

Covishield excluded from EU’s Green Pass list for tourism & business

Serum Institute of India-produced COVID-19 vaccine Covishield has been reportedly deemed ineligible to be included in the Green Pass list made by the European Union (EU). The Green Pass, which will be available starting July 1, enables unrestricte...

Disney+ Hotstar opens 250 jobs for driving next growth phase in India

Video streaming platform, Disney+ Hotstar, has reportedly opened over 250 jobs across various verticals and levels, intending to drive its next growth phase in the Indian market. Currently, the platform has over 24 million paid users, the highest ...

IndiGo offers discount on seat fares to vaccinated passengers

Interglobe Aviation-operated IndiGo airline has reportedly announced its intention to offer up to 10% discount on the base fare to passengers who have taken the COVID-19 jab. IndiGo, the largest airline in India in terms of market share, has becom...

The Innovation Space expands investment for its accelerator program

Delaware Innovation Space has reportedly declared its plans to offer an investment alternative to companies under its accelerator program Science Inc.TM All applicants of the Science Inc.TM accelerator program can apply for investments up to USD 50,0...

Google shuts down its exclusive startup space Campus in London

Tech giant Google has reportedly closed its London startup space called Campus. The company has declared that it will not reopen Campus located in East London, after it was forced to shut owing to the COVID-19 outbreak. Google has apparently state...

Adani Power announces acquisition of Essar Power’s 1,200 MW project

The largest power producer in India, Adani Power Limited (APL), has reportedly announced its intention to acquire Essar Power’s 1,200 MW Mahan project situated in Singrauli, Madhya Pradesh. During a stock market filing, the company apparentl...

Serum planning to launch another COVID-19 vaccine by September

Covishield manufacturer Serum Institute has reportedly planned to introduce Covovax, Novavax’s COVID-19 vaccine, in India by September 2021. This comes at the right time with the U.S. administration easing the regulations on vaccine raw materia...

LTI enters definitive agreement to take over Pune-based Cuelogic

Larsen & Toubro Infotech (LTI), an Indian IT solutions and services company, has reportedly inked a definitive agreement to acquire a Pune-based software products developer, Cuelogic Technologies. Cuelogic, since it was founded in 2010, has bu...

Accenture to scale engineering capabilities with acquisition of umlaut

Accenture, a professional technology services company, has recently announced the acquisition of an advisory and fulfillment services provider, umlaut, to boost its engineering and services play. Sources familiar with the matter have reportedly ci...

Immersive Labs receives Series C funding round of USD 75 million

Cybersecurity training company, Immersive Labs has reportedly closed a Series C round of USD 75 million. This round was initiated by Insight Partners, the company’s new investors, along with Citi Ventures, Menlo Ventures, and current investor G...

Royal Enfield to launch new models in domestic & international markets

Royal Enfield, an Indian motorcycle manufacturing company, is reportedly targeting to unveil an array of new models across the domestic and international markets in the current fiscal year. This upcoming launch will consist of a rich pipeline of prod...

Ocugen pays $15M to Bharat Biotech to extend Covaxin rights in Canada

Ocugen Inc, a biopharmaceutical company, has reportedly announced an upfront payment of $15 million to Bharat Biotech. This transaction is regarding the extension of the rights of Covaxin, a COVID-19 vaccine, to Canada. In addition, the biopharmac...

Tata Digital plans to invest $75 million in CureFit to scale offerings

Tata Digital, an unlisted public company, has recently announced plans to invest over $75 million in a healthcare software provider, CureFit Healthcare Private Limited. Under the recent agreement, Mukesh Bansal, CureFit’s Founder & Chief...

Dettol to replace handwash pack logo with COVID-19 protector stories

Reckitt, the FMCG major which owns Dettol, has reportedly planned to replace its brand logo on hand wash packs with images of Indian COVID protectors and their inspirational stories. The company has initiated this activity under the #DettolSalute cam...

e-Commerce beauty brand Nykaa to go public with $4.5Bn valuation

Nykaa, a beauty, wellness, and fashion products retailer, is reportedly targeting an Initial Public Offering (IPO) with a valuation of $4.5 billion in FY 2021, a hike from its earlier valuation of nearly $3 billion. The significant expansion of th...

Wise allows Indian users to remit money to 44 countries worldwide

Wise, a financial technology company, has recently enabled Indian users to transfer money to 44 countries across the globe, including the UK, the U.S., Singapore, the UAE, and others in the eurozone. As per the RBI’s statistics, India had re...

Thrasio-style Mensa Brands raises Series A funding of USD 50 million

Ananth Narayanan, famous for founding Myntra, has reportedly formed a new company Mensa Brands, based on the model of American digital consumer goods venture Thrasio. Mensa Brands has reportedly raised a Series A funding of USD 50 million from Falcon...

Twitter ceases verification program a week after its relaunch

Twitter has reportedly paused its verification program within just over a week of its relaunch. The company has stated that the number of requests received was more than anticipated, and it will first review requests currently at its disposal, before...

BITS Pilani & IIMA graduates launch $1M fund to support startups

Prateek Behera and Abhishek Sethi, graduates from BITS Pilani (Birla Institute of Technology and Sciences, Pilani) & IIMA (Indian Institute of Management, Ahmedabad), have recently launched a $1 million fund. This fund will be used for supporting...

Koo bags $30 million in Series B funding round led by Tiger Global

Koo, an Indian microblogging and social networking service, has reportedly secured $30 million in a Series B funding round from Tiger Global. The latest funding round also includes participation from other new investors namely Mirae Assets and IIF...

Zeta enters Indian unicorn territory by raising $1.45 bn in valuation

Bengaluru-based banking technology startup, Zeta, has attained unicorn status, as it has reportedly closed $250 million from Softbank Vision Fund II in its Series C funding round, reaching a valuation of $1.45 billion. The deal nearly quadruples the ...

Kia Motors India rebrands as Kia India to offer sustainable solutions

Kia Motors India, a subsidiary of Kia Corporation, has reportedly announced a new corporate name, Kia India. This initiative has been taken as a part of its new brand identity and purpose of ‘Movement that Inspires’. The change in the ...

Domino's India encounters data breach; 18cr user order details leaked

Pizza delivery frontrunner, Domino's India, has reportedly suffered a huge data breach, exposing details of its nearly 18 crore users on the dark web. This breach comes days after a similar attack on Air India, leaking sensitive information, incl...

Oat drink firm Oatly raises $1.4Bn in its U.S. initial public offering

Oatly Group AB, a Swedish oat drink company, has recently raised $1.4 billion in its IPO (initial public offering) in the U.S. The Swedish company is backed by investors such as rapper Jay Z and Howard Schultz, former Starbucks Corp head. In the I...

PhonePe in talks for acquisition of Indian app store Indus OS

Leading Indian Walmart-backed payments services company, PhonePe has reportedly progressed in its plans to take over Indus OS, a Samsung-empowered startup, which manages an eponymous and third-party Android app store. The startup was founded in 2015 ...

Maruti Suzuki-Zydus Hospitals unite to launch multi-specialty hospital

Maruti Suzuki, an Indian automotive manufacturer, has reportedly inaugurated a multi-specialty hospital at Sitapur, Ahmedabad, via a partnership with Zydus Hospitals, a hospital chain in Gujarat. The development cost of the new hospital stands at ...

Reliance Jio to build a global submarine cable system to connect India

Reliance Jio Infocomm, a leading Indian telecommunications company, has reportedly announced that it is planning to construct the world’s most expansive international submarine cable network that would by centered on India. According to repo...

Airtel to introduce new benefits to help its low-income subscribers

Indian telecommunication services frontrunner, Bharti Airtel Limited or Airtel, has reportedly announced its intention to offer special benefits to its low-income customers use its network. Apparently, these benefits are worth approximately ?270 cror...

American Airlines adds stop to two long-haul flights from Charlotte

American Airlines, a major American airline, has recently announced the addition of a stop to 2 long-haul flights from Charlotte, a city in North Carolina. The decision came amid a fuel supply shortage caused by the shutdown of the Colonial Pipeline ...

StuDocu raises $50 million in Series B funding round led by Partech

StuDocu, an Amsterdam-based startup, has reportedly bagged $50 million in a Series B funding round led by the French venture capital, Partech. The recent funding round happened along the heels of the company’s immense growth, which has built a ...

Hero MotoCorp to extend production shutdown at facilities in India

Hero MotoCorp, a motorcycle and scooter manufacturer, has reportedly announced plans to extend the production shutdown across its manufacturing facilities in India. The decision comes amid the rapid surge in COVID-19-infection cases in the region ove...

Qatar Airways shows continued interest in India’s ‘huge aviation market’

Doha-based airline Qatar Airways has reportedly expressed its continued interest in partnering with IndiGo Airlines and Rahul Bhatia. The airline had previously attempted to ink a collaboration with the Tata Group four years ago, when the Indian gove...

CCEA offers its approval to IDBI Bank for strategic divestment

The Cabinet Committee on Economic Affairs, or the CCEA, has recently granted its approval for the longtime pending strategic disinvestment plan of IDBI Bank Ltd. As per reports, the extent of the respective shareholding which is to be divested by the...

Twitter acquires Scroll to ramp up their subscription product

Twitter has reportedly acquired Scroll, a subscription-based reading service that provides users an efficient way to read long-form web content by taking away ads and other pop-ups that can possibly slow the reading experience. This service will n...

Facebook donates $10M and rolls out Vaccine Finder tool in India

Facebook, a social networking service company, has reportedly announced a grant of $10 million and rolled out a Vaccine Finder tool in India. These initiatives have been taken with an objective to support emergency response efforts as the South Asian...

Ola Electric plans to launch electric scooter in international markets

Ola Electric, a transit services provider, is reportedly planning to launch its electric scooter in international markets such as Germany, Italy, and France in the fiscal year 2021. For the record, Ola Electric is slated to unveil its electric sco...

CCI approves Tata Group’s proposal to acquire 64.3% stake in BigBasket

Competition Commission of India (CCI), the competition regulator, has recently approved the proposal of Tata Group to acquire a majority stake in BigBasket, an online grocery store. Following this approval, Tata Digital will take over a 64.3% stake i...

Maruti Suzuki to shut Haryana plants to reroute oxygen for medical aid

Indian automobile manufacturing frontrunner, Maruti Suzuki, has reportedly extended its maintenance shutdown period by a month. The company has made this move in order to divert the oxygen that is consumed by two of its Haryana plants to cater to med...

Hackers leak records of 20 million BigBasket users on cybercrime forum

A database of over 20 million users of BigBasket, an online grocery delivery service, has allegedly been leaked on a cybercrime forum. This announcement came months after the grocery delivery company faced a massive data breach. The leaked databas...

Indian startup LEAD School raises $30 Mn to increase student reach

LEAD School, an Indian startup, has reportedly raised USD 30 million in a latest round, for scaling its efforts in India, the second most populous nations of the world. The company helps in transforming and digitizing affordable private schools to se...

HCL plans to shift workload from India amid spike in COVID-19 cases

HCL Technologies, an information technology company, has reportedly announced plans for a workload shift from India to other countries as the region is currently grappling with record-high COVID-19 cases. The IT company is also apparently rampi...

Inovo closes new fund on €54m, to scale Polish startups

Through diverse global LPs, Inovo is able to offer portfolio companies greater range of global capital to help them scale. NEWS RELEASE BY INOVO New York | April 22, 2021 09:30 AM Eastern Daylight Time Inovo, the venture capital fund investi...

Cityneon Raises S$235 Million; Well Positioned for Next Growth Chapter

NEWS RELEASE BY CITYNEON SINGAPORE | April 21, 2021 07:00 AM Eastern Daylight Time The global experience entertainment company gets a S$235 million shot in the arm, closes its private fund raising in April 2021 Investor...

Hero MotoCorp temporarily halts manufacturing with rising COVID-19 cases

With escalating COVID-19 cases in what seems to be the second wave of the pandemic in India, leading two-wheeler manufacturer Hero MotoCorp has reportedly announced that the company will temporarily halt all its manufacturing operations. As per a ...

Predictmedix reveals Safe Entry Stations deployment at 4 office towers

Predictmedix Inc., an artificial intelligence company, has reportedly announced the deployment of Safe Entry Stations at its four key office towers in Calgary and Edmonton. The deployment of this AI-powered solution was initiated in partnership with ...

Yellow Corporation to create employment opportunities in Irving, Texas

Yellow Corporation is reportedly appointing new employees in Irving, Texas. The trucking company will be hosting an employment event on April 21st and 22nd as it looks to fill jobs like local drivers, mechanics, linehaul drivers, and dock...

Citigroup to close consumer banking operations across 13 markets

Citigroup, an investment banking company, is reportedly making an exit from its consumer banking operations across 13 markets in the Middle East, Europe, and Asia. Following the closing of the operations in the selected regions, the company will cont...

Flipkart to acquire Cleartrip to enter travel and hospitality segment

Flipkart, an e-Commerce platform, is reportedly set to acquire Cleartrip, a hotel and flight booking portal, over the next few days. The two companies are yet to make an official announcement on the upcoming acquisition deal. Sources with knowledg...

Hero Group enters edtech industry through launch of Hero Vired

Hero Group, a marketing company, has reportedly entered the edtech industry via the launch of Hero Vired, a platform led by Akshay Munjal, CEO & Founder. This platform has secured an initial investment of $10 million from the Hero family. The ...

Clubhouse faces massive data leak of 1.3 million users on hacker forum

Personal data of over 1.3 million users of Clubhouse, an invite-only social media app, has reportedly been leaked online on a hacker forum, according to reliable sources. The scraped data includes their profile names on social media and other persona...

Bharti, Dixon to set-up a JV to make telecom products for Airtel

Dixon, a contract manufacturing frontrunner in India, has reportedly struck an agreement with Bharti Enterprises Ltd. to establish a joint venture (JV) in order to create telecom and networking commodities. These include modems, routers, set-top boxe...

API Holdings bags $350M in funding round from Prosus & TPG Growth

API Holdings, the parent company of PharmEasy, has reportedly raised $350 million in a funding round led by TPG Growth and Prosus Ventures. The digital pharmacy company did not reveal its total valuation following the latest round. Sources familia...

Cred secures $215M in Series D funding led by Falcon Edge & Coatue

Cred, a fintech platform, has reportedly bagged $215 million in a Series D funding round, resulting in its total valuation of $2.2 billion. This funding round was led by Coatue and Falcon Edge Capital, along with participation from other existing and...

Tyler Technologies to acquire ReadySub solution for School Scheduling

Largest software provider in the U.S., Tyler Technologies, has reportedly acquired a cloud-based platform, ReadySub, to offer support to school districts in filling substitute teacher assignments, absence tracking, as well as automating essential pay...

Hyundai completes durability tests of its 3-row SUV, Alcazar

Hyundai, a South Korean automotive manufacturer, has recently announced the completion of the durability tests of its much-awaited, 3-row SUV, Alcazar. Alcazar will reportedly come along with enhanced features including ‘go-anywhere’ a...

Grofers to bear vaccine cost for workers, families & contractual staff

Grofers, a leading online grocery platform, has reportedly revealed that it would be covering the costs incurred for the COVID-19 vaccination for its employees, their family members, inclusive of parents, spouse, and two children, as well as the firm...

Firstcry gets an investment of USD 315 from three private equity firms

Firstcry, the children’s retailer firm, has reportedly received investments around USD 315 million from three private investors. This deal brings the company’s value to over USD 1.9-USD 2.1 billion. Premji Invest, ChrysCapital and TPG ...

Mobikwik data leaked in biggest breach ever, company denies claims

Mobikwik, a payment startup based in Gurugram, has reportedly faced a massive data breach which led to a leak of sensitive data of around 3.5 million users. This breach apparently includes over 36 million files. It consists of around 99,224,559 user ...

Dream Sports secures $400 million in secondary funding prior to IPL

Dream Sports, a sports technology company, has recently secured $400 million in a secondary funding round. TCV, Falcon Edge Capital, and D1 Capital Partners are buying out the stakes of Kalaari Capital and other private equity firms like Multiples. T...

Indian social network app, Public raises a funding of USD 41 million

This round of funding comes six months after securing a USD 35 million round, taking the startup’s valuation over USD 250 million Public, a social network application that uses location data, has reportedly raised a funding of USD 41 mi...

Purplle raises $45M in funding from Sequoia Capital & other investors

Purplle, an online store cosmetics store in India, has recently bagged $45 million in funding led by Sequoia Capital India and other existing investors namely JSW Ventures, Blume Ventures, and Verlinvest. The recent funding round was geared towards e...

Waterfund offers USD 50 Mn to agtech & water portfolio of OutCrowd

The two companies have also collaborated for developing a water-centric platform Aquantos that will potentially publish Blue Bonds, which can prove beneficial to oceans Waterfund, a trading and investment company that specializes in managing ...

TCN invests $10M in Zaara for ‘Algae –Seaweed Technology’ project

Zaara Biotech, a biotechnology startup company, has reportedly secured a $10 million investment from TCN International Commerce LLC, a technology company based in the UAE. This investment is associated with the biotech startup’s new project kno...

MyGlamm raises $24.1M in Series C funding from Wipro, Amazon & Ascent

MyGlamm, an omnichannel beauty brand, has reportedly raised ?175 crore ($24.1 million) in a Series C funding round from investors namely Wipro Consumer, Amazon, and Ascent Capital. As per reliable reports, the latest funding round will value the bran...

Singapore set to launch freeze-dried Covid-19 PCR test kit soon

According to credible reports, Singapore could use the popular food preservation technique of lyophilization to develop freeze-dried Covid-19 PCR (polymerase chain reaction) testing kit, which is expected to ease the storage as well as transportation...

Basware partners with auditing and consultancy firm PwC Germany

Basware, a leading software company, has reportedly announced the addition of PwC Germany, an auditing and consultancy firm based in Germany, to its partner network. This new partnership has proven itself successful, effectively driving joint value f...

Rogers inks $26Bn agreement to acquire Shaw’s Class A & Class B Shares

Rogers Communications Inc. has recently reached an agreement with Shaw Communications Inc. to acquire all Shaw’s issued & outstanding Class A and Class B Shares at over $26 billion. This transaction value is inclusive of Shaw debt of nearly...

SpaceX’s Falcon 9 rocket B1051 launches 60 Starlink satellite to orbit

SpaceX, an American aerospace manufacturer, has recently launched a batch of 60 Starlink satellites into orbit abroad a Falcon 9 rocket, which nailed the landing at sea. The two-stage booster B1051 blasted off from the Pad 39A at the Kennedy Space...

India to impose 40% customs tax on imports of solar equipment

The renewable energy ministry of India has reportedly announced plans to start imposing a 40% customs tax on solar module imports from April 2022. This initiative has been taken with an aim to prevent the country’s reliance on foreign supplies ...

Turtlemint raises $46M in fresh fundraising round from Jungle Ventures

Turtlemint, a Mumbai-based insurtech startup, has reportedly raised around $46 million in a Series D fundraising led by Singapore-based venture capital firm, Jungle Ventures. This funding round will mark the 1st investment made by the VC firm in the ...

JioBusiness introduces new connectivity & digital solutions for MSMBs

The company has stated that the digital solution plans and connectivity prices will be around one-tenth of the existing market rate JioBusiness has reportedly launched an integrated service for small, medium as well as micro businesses. This ...

Zo Hostels claims victory in 7% shareholding dispute with OYO

The Arbitral Tribunal comprising AM Ahmadi, former Chief Justice of India, has reportedly delivered the legal verdict on Zo Hostels and OYO Hotels and Homes. The dispute between these two services was regarding their merger, where Zo Hostels revealed...

Windy Lakeside Investment to invest $109.2M for 0.49% stake in APSEZ

Warburg Pincus, a private equity company, has recently announced that its affiliate company, Windy Lakeside Investment Limited, will make an investment of ?800 crore ($109.2 million). This significant investment has been intended towards acquiring a ...

SpaceX SN10 prototype lands at Boca Chica landing pad, later explodes

SpaceX, an aerospace company, has reportedly landed one of its Starship prototypes, Serial Number 10 (SN10), following a test flight at high-altitude. SN10, unlike its predecessors namely SN8 and SN9 that crashed into the ground, touched down on its ...

PayPal to hire 1,000 engineers for development centers in India

PayPal, an online payments system operator, has recently announced plans to hire 1,000 engineers for its development centers in India across Hyderabad, Chennai, and Bengaluru. The online payments service is reportedly targeting to hire these engin...

Bharti Airtel acquires 355.45-MHz frequency spectrum for $2.5Bn

Bharti Airtel has recently announced the acquisition of 355.45-MHz spectrum across the sub GHz, mid, and 2300-MHz bands for ?18,699 crores ($2.5 billion). The Indian telecommunications company has obtained these airwaves at the latest spectrum a...

odix will now provide FileWall add-on to interworks.cloud ecosystem

The addition of FileWall will help interworks.cloud add a crucial protection layer for their Microsoft 365 users against zero-day attacks and ransomwares Over 350 resellers of interworks.cloud in Cyprus, Malta and Greece using Microsoft 365 will...

Reliance Strategic Business secures additional equity stake in skyTran

Reliance Strategic Business Ventures Limited, a wholly-owned subsidiary of Reliance Industries Limited, has recently acquired an additional equity stake in skyTran Inc, an investee company. This additional stake was acquired for a $26.76 million cons...

ElectrifAi-OXIO form business alliance to personalize phone plan rates

ElectrifAi, a global leader in machine learning models, has recently announced a business collaboration with a telecommunications company, OXIO, to personalize rates of phone plans. The company will combine its domain expertise with that of OXIO to e...

Hyundai to recall Kona EV & more electric vehicles over battery issues

Hyundai Motor Co, a South Korean automotive manufacturer, has reportedly announced plans to replace the battery systems in over 82,000 EVs (electric vehicles) worldwide due to fire risks. This initiative or EV recall is expected to cost the company a...

Adani-EdgeConneX announce joint venture to build data centers in India

Adani Enterprises Limited, an integrated business conglomerate, and EdgeConneX, a leading-edge data center provider, have recently announced a 50/50 joint venture deal. This data center company operates 50 facilities across 30 markets worldwide. T...

Jet Airways’ share price soars 5% after flight resumption announcement

Share price of Jet Airways, an Indian international airline, has reportedly soared by 5%, hitting the upper circuit of ?114.90 ($1.59) per share on the Bombay Stock Exchange. This significant increase in share price happened along the heels of the an...

Chandrayaan-3 launch postponed to 2022, reveals ISRO chief K Sivan

In a quick turn of events, the current Secretary and ex-officio chairman of ISRO (Indian Space Research Organization), K Sivan has reportedly revealed that India's third mission to the Moon, Chandrayaan-3, is anticipated to be launched in 2022. ...

Nestle sells water brands in North America to private equity firms

Nestle, a Swiss food and drink processing company, is reportedly selling its bottled water business in North America to Metropoulos and Co. and One Rock Capital Partners. This pair of private equity firms will pay $4.3 billion for 8 Nestle water bran...

Tata Group to acquire majority stake in BigBasket for super app launch

Indian salt-to-software conglomerate Tata Group is reportedly set to acquire a majority stake of 68% in online grocery firm BigBasket. The deal, which is valued at approximately Rs 9,100-Rs 9,200 crore, was finalized earlier in the month. Followin...

Byju’s plans to acquire edtech rival Toppr in a USD 150 million deal

The news of this deal comes along the heels of Byju’s acquisition deal with Aakash Educational Services, valued over USD 1 billion The companies held talks over the past two months and the deal will be soon finalized, a report said ...

Eupheus Learning raises a Series B funding of USD 4.1 million

The funding will help the company in expanding their business in the West Asia market, claim sources with knowledge of the matter Eupheus Learning, a B2B edutech company, has reportedly landed a funding of USD 4.1 million. This Series B fundi...

ADQ to invest $70Mn in Etechaces ahead of Policybazaar’s IPO in 2021

ADQ, a public joint-stock company, is reportedly planning to make a $70 million investment in Etechaces Marketing and Consulting, a fin-tech marketing company. This investment in the parent company of Policybazaar and Paisabazaar is targeted to be re...

IDEMIA-Honeywell join hands to develop intelligent building ecosystem

Connected buildings industry leader Honeywell and AR global leader IDEMIA have reportedly inked a strategic collaboration for the development of an intelligent building ecosystem. Geared towards providing a seamless and improved experience to occupan...

Volkswagen to probe possibilities of flying vehicles in China

Volkswagen, an automobile & commercial vehicle manufacturer, has reportedly become the latest automaker to explore the possibilities of flying vehicles in China. As per the reported statement made by the German automaker, vertical mobility is ...

Kong raises USD 100 million for upscaling cloud infrastructure

The series D funding, initiated by Tiger Global Management, will surge the company’s valuation to USD 1.4 billion Software and managed services provider, Kong, has recently raised USD 100 million in Series D funding to boost cloud conne...

BevCanna enters definitive agreement to acquire Naturo Group

BevCanna Enterprises Inc., a manufacturer of cannabinoid-infused beverages, has recently entered a definitive agreement to acquire Naturo Group Investments Inc. The two companies have reportedly completed the exchange of the disclosure schedules. ...

ITC to deploy crowd-sourcing systems to drive digital switch

Leading multinational conglomerate, ITC, which has incorporated digital technologies for its businesses, is reportedly heading towards the next phase of a digital switch. Following its plans, the enterprise has come up with two initiatives, namely...

Hero MotoCorp sets up new vertical to boost Harley-Davidson business

Indian motorcycle and scooter manufacturer, Hero MotoCorp Ltd, has recently announced the development of a separate vertical, in a bid to boost the company’s Harley-Davidson business as well as merchandise distribution in the region. The lar...

Lineage completes 12 transactions to boost facility network in Europe

Lineage Logistics, LLC, a warehousing and logistics company, has recently announced the completion of 12 transactions in Europe to strengthen its global facility network. For the record, Lineage Logistics has entered strategic acquisition deals ac...

RBI appoints an external IT firm for HDFC Bank’s Infrastructure audit

The Reserve Bank of India (RBI) has reportedly hired an external professional IT company to carry out the IT Infrastructure audits for HDFC Bank and has appealed to the company for a report at the earliest. Apparently, this move is a part of RBI&r...

Google shuts down its in-house Stadia game development division

Google, a multinational technology company, has recently announced the shutdown of its in-house Stadia game development division. The announcement was made with an objective to stream games from various developers on its Stadia platform, rather than ...

Expert warns U.S. citizens to brace for deadly UK COVID-19 strain

A prominent infectious disease expert has recently predicted that a dominant and more deadly UK strain of the coronavirus is expected to drastically hit the U.S. in coming days. This forecast came amid a rapid rise in the number of infected people wi...

RIL reveals new brand identity for its sports & lifestyle business

Reliance Industries Ltd., also known as RIL, has recently announced its decision to rebrand its sports & lifestyle business. The new brand identity, RISE Worldwide Ltd., will aid the company’s ventures in the growing industries both domesti...

Europcar creates new Nordic Cluster in Norway, Finland, & Denmark

Europcar Mobility Group, a French car rental firm, has reportedly announced the creation of a new Nordic Cluster across the company’s businesses in Norway, Finland, and Denmark. Stéphane Soille has been appointed as the Managing Director...

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 ...

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...

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 ...

ALGOSONLINE

About Author : Pankaj Singh

Contribution By Pankaj Singh