About Author : Pankaj Singh

Oil rises after Saudi Arabia denies report of increased OPEC+ supply

Oil prices in early Asian Trade rose slightly following the denial of media reports that Saudis were in discussions for increasing oil supply with OPEC and its allies made by Saudi Arabia The prices of oil slightly increased in Asian Trade recentl...

valU, TMG partner to offer easy payment solutions in Rehab, Madinaty's malls

Lifestyle enabling solution, valU has reportedly partnered with the leading conglomerate in Egypt, TMG (Talaat Moustafa Group) to deliver convenient payment solutions to the clients of the latter’s s Gateway Mall and Open-Air Mall located in Al...

GoTo cuts 1,300 jobs as it expects uncertainties to last a long time

Internet company, GoTo Group is reportedly slashing 12% of its workforce, which is almost 1,300 jobs, as informed by the staff recently. Apparently, this move comes as Indonesia's largest internet company is looking forward to trimming costs a...

Steel makers’ profitability likely to be back on track in Dec quarter

Post a challenging September quarter, the profitability of local steel makers is anticipated to get back on track given an increased demand and reduced input costs in the October-December quarter. As per credible sources, industry analysts see a r...

US, ASEAN partnership to address ‘biggest issues of time’- Biden

Recently, U.S. President Joe Biden opened the U.S.-ASEAN Comprehensive Strategic Partnership in an effort to tackle the biggest issues of time- climate change, health, security, and more, at the 10th ASEAN-US Summit in the Kingdom of Cambodia. As ...

Latecoere acquires aircraft industry firm Avcorp to reinforce its business

Aeronautics company, Latecoere, has recently announced the acquisition of Canadian aircraft industry company, Avcorp Industries Inc., which builds significant airframe structures for leading aircraft manufacturers. Apparently, this acquisition of ...

Mass layoffs at Twitter begins Friday amid chaos and confusion

Social networking giant Twitter is slated to lay off several employees on Friday Elon Musk-owned social networking company, Twitter is reportedly set to fire a massive number of employees this Friday. Apparently, the news worries Twitter employees...

White House to offer $13.5B funding to assist households with energy bills

As per a statement issued by the White House recently, President Joe Biden's administration will make $13.5 billion in funding available to assist low-income U.S. households in lowering their heating costs this winter. Under this initiative, t...

MSP Recovery, Tokenology Labs extend alliance to add blockchain initiatives

Leading Medicaid and Medicare Secondary Payer Act Recovery Specialist, MSP Recovery, Inc. or MSPR, made it to the news recently. As per reports, the company has announced expanding its partnership with Tokenology Labs, a well-known web 3 analytics an...

German envoy considers collaboration for tackling climate change in Nigeria

The delegate of German Industry and Commerce in Nigeria has urged to support Nigeria to address climate changes at the WACEE Summit 2022 Katharina Felgenhauer, the delegate of German Industry and Commerce in Nigeria has recently cautioned abo...

WEF adds SANY’s second factory to GLN to boost global heavy industry

Chinese multinational heavy equipment manufacturing company, SANY Heavy Industry ("SANY"), now reportedly owns two certified lighthouse factories as part of the esteemed WEF (World Economic Forum)’s Global Lighthouse Network (GLN). ...

Byju’s raises $250M from existing investors for further expansion

Ed-tech major, Byju’s, has reportedly announced a new fundraising of $250 million from its existing investors. Apparently, the news comes following earlier announcements, which were made for massive layoffs as part of its restructuring plan....

India could attract $475B in FDI over five years, cites CII-EY survey

According to a latest survey, a vast majority of MNCs (multinational companies) operating in India believe that the country's economy will be performing well in the coming 3 to 5 years, supported by the immense traction gained in domestic consump...

GoTo & the SME Chamber of India collaborate to help SMEs expand and grow

GoTo, a well-known provider of software as a service (SAAS) and cloud-based remote work tools for IT management and collaboration, has recently announced that it has partnered exclusively with the SME Chamber of India, to be its official Flexible Wor...

ComplyAdvantage & Resistant AI unveil AI-based fraud prevention solutions

Resistant AI, a well-known AI and ML financial crime prevention specialist, and ComplyAdvantage, a RegTech company that provides anti-money laundering technology, have recently announced the availability of their solution to combat financial crises a...

ADIO & Innovaccer partner to provide better healthcare in Middle East

Abu Dhabi Investment Office (ADIO) has reportedly collaborated with Innovaccer, a health cloud company, to improve accessibility, affordability, and healthcare quality in the UAE and across the Middle East. Under this deal, ADIO, the government bo...

IBM to invest $20 Bn in high-tech projects in its New York plants

American multinational technology corporation, IBM has recently announced an investment worth $20 billion in its New York (NY) facilities. Apparently, this spending is intended for high-tech areas including semiconductor manufacturing and quantum ...

Amazon.com to invest over $974M in European electric van, truck fleet

Renowned e-commerce giant, AMAZON.COM has recently stated that it plans to invest around 1 billion euros ($974 million) in the upcoming five years in electric trucks, vans, and low-emission package hubs across Europe, to speed up its goal to attain n...

Equinix invests $74M in data center for expansion in Indonesia

Amidst the rising digital services demand essential to drive today’s businesses, Equinix, the world’s leading digital infrastructure company, has recently announced its plans to expand in Indonesia. According to sources, the firm is in...

Rackspace Technology launches new AWS Middle East Region for the UAE market

Rackspace Technology, the cloud computing services pioneer, has reportedly introduced the AWS Middle East (UAE) Region, which will aid the acceleration of digital transformation and innovation in the UAE (United Arab Emirates). The new AWS Middle ...

Vendease raises $30M to expand its foothold in Ghana and Nigeria

Online marketplace for Africa’s food businesses, Vendease has reportedly raised $30 million in a Series A funding round, split between equity ($20 million) and debt ($10 million). Apparently, this new investment is instrumental to its $3.2 mill...

Malaysian firm inks an MoU with UK partners to innovate rubber technology

The MRC (Malaysian Rubber Council) has recently witnessed the inking of an MoU (memorandum of understanding) between a well-known Malaysian-owned company; Levidian Nanosystem Ltd; and Cranfield University in Bedford, United Kingdom. In a press rel...

Flake, partners ink an investment in medical sites in Little Rock

Legendary developer in Little Rock's commercial real estate industry, John Flake and two partners have reportedly established a limited liability firm to acquire and construct medical office properties in Arkansas and surrounding states. Appar...

Icanic Brands inks LOI to acquire 100% equity stake in The Leaf

Icanic Brands Company, Inc., a brand operator of premium cannabis, has announced signing a non-binding LOI (Letter of Intent) to obtain 100% of the equity stakes in a cannabis dispensary, The Leaf, California. As per the terms of the LOI, the firm...

Quantis allies with BCG to fast-track sustainable transformation

Management consulting firm, Boston Consulting Group (BCG), has recently announced that it has acquired Quantis, a leading environmental sustainability consultancy, to reinforce climate and sustainability (C&S) expertise and transformation capabil...

Google acquires Mandiant for $5.4 Bn to offer enhanced security

Social media giant, Google has successfully completed the acquisition of well-known American cyber-security firm, Mandiant for $5.4 billion, announced Thomas Kurian, CEO of Google Cloud. Notably, Mandiant will be joining Google Cloud to assist org...

Hebbia nabs $30M to develop an AI-driven document search tool

Hebbia, a startup building AI-infused search tools, has recently announced that it has secured $30 million in a Series A round headed by Index Ventures with participation from Radical Ventures. Raquel Urtasun, a former head of AI research at Uber ...

Cropin Launches the World’s First Purpose-Built Industry Cloud for Agriculture – Cropin Cloud

Bangalore, India | September 06, 2022 - Agritech pioneer Cropin announced the launch of Cropin Cloud, the world's first purpose-built industry cloud for agriculture. Cropin Cloud is a multi-tenant, secure, scalable, flexible, intel...

Exclusive Networks-Claroty partner to offer enhanced security solutions

Exclusive Networks, a global trusted cybersecurity specialist, has reportedly entered a partnership with Claroty, a SaaS-powered industrial cybersecurity platform. This move was made to offer Exclusive Networks’ solutions across the healthcare,...

YouTube tests a ‘Promotions’ tab in YouTube Studio for select creators

Social media giant YouTube is reportedly experimenting with a new way for creators to help them promote their channels and content without going through Google Ads Manager. Apparently, the Google-owned firm is testing a new “Promotions&rdquo...

Revision Skincare Announces Partnership with RVL Pharmaceuticals, Inc.

Revision Skincare, a leading skincare brand has recently announced that it will enter into a partnership with RVL Pharmaceuticals, which also owns UPNEEQ, the first and the only FDA-approved eye drop, which can be used to treat low-lying eyelids in a...

Isuzu, J&T Express, and Gencars ink contract to reinforce partnership

Isuzu Philippines Corporation (IPC), the subsidiary of the Japanese carmaker Isuzu Motors, J&T Express Inc., an express delivery firm based in the Philippines, and the Isuzu dealer in Makati, Gencars, Inc., have reportedly reinforced their partne...

CTBC Investments chooses ICE FactSet for new CTBC ETF in Taiwan

Intercontinental Exchange, Inc., a technology, data, and market infrastructure provider, has reportedly announced that the Taiwan-based CTBC Investments Co., Ltd. has chosen the ICFSFDI or ICE FactSet® Selected Financials and Data Industry Index ...

ElevateBio-CIRM unite to advance regenerative medicine development

ElevateBio, LLC has reportedly announced a partnership with the CIRM (California Institute for Regenerative Medicine) to promote the discovery and development of regenerative medications. The collaboration will enable ElevateBio to give biopharmac...

Funding Societies & HSBC ink $50M credit facility for underserved SMEs

Funding Societies, Southeast Asia’s leading SME digital financing platform, and HSBC Singapore have recently signed a $50 million credit facility to expand its reach to underserved SMEs in the region. Notably, SMEs are still underrepresented...

Adverty and Yazle enter in-game ad partnership in the MENA region

Adverty AB, a leading in-game advertising platform, has recently unveiled an exclusive partnership with Yazle, a specialized digital media company. Under this agreement, Yazle will be able to sell and represent Adverty’s complete inventory i...

NIH announces funding of $20M to boost developments in HuBMAP

Scientific teams at Stanford and in Pittsburgh have recently received funding of over USD 20 million from the National Institutes of Health (NIH), for the research & development of a “global atlas of the human body”. These teams co...

TMC announces $30 Mn funding for commercial production of seafloor nodules

The Metals Company Inc. (TMC) has recently announced a dedicated PIPE financing, anticipated to lead to USD 30 million in net proceeds, via the issuance of over 38 million common shares. The firm is a renowned explorer of the largest projected undeve...

Drydocks World-Dubai, Silverstream partner to promote air lubrication tech

Drydocks World-Dubai, a shipyard based in Dubai, has reportedly entered into a strategic partnership with Silverstream Technologies, a maritime tech firm, for promoting air lubrication technology for the ships that arrive at the busy shipyard every y...

Chicago signs $422 Mn contract to build clean energy workforce by 2025

Chicago, one of the largest cities in the U.S, has reportedly inked an agreement worth USD 422 million, aimed at buying and utilizing clean and renewable energy by 2025. As per the sources from the mayor’s office, the contract, which has its...

Emirates, World Rugby extend long-running partnership through 2027

United Arab Emirates carrier, Emirates and the Rugby World Cup have reportedly extended their long-running partnership as a Worldwide Partner of Rugby World Cup. The national airline of the UAE will serve as the event's Worldwide Partner for i...

Loughborough University & Caterpillar team up for innovative technologies

Loughborough University, a renowned public university in Loughborough, England and Caterpillar, world's largest construction-equipment manufacturer, have officially agreed to continue a strategic collaboration that was first introduced 25 years a...

Northstar’s Empower obtains brokering license from Metro Vancouver

Northstar Clean Technologies Inc., a Vancouver-based clean technology company, has reportedly announced that Empower Environmental Solutions Ltd. has obtained a brokering license from Metro Vancouver. This Brokering License will authorize Empower,...

Tata Steel inks MoU with Aarav Unmanned Systems for drone-based mining

Domestic giant Tata Steel Limited has reportedly inked an MoU (Memorandum of Understanding) with Bengaluru-based drone company AUS (Aarav Unmanned Systems) to offer mine management solutions. This collaboration aims to jointly develop and offer en...

Close the Loop completes acquisition of Alliance Paper for USD 1 Mn

Close the Loop (CLG), an end-to-end solutions provider, has reportedly completed the acquisition of Alliance Paper for USD 1 million and a working capital investment of USD 4.5 million. For the uninitiated, Alliance Paper is a sustainable paper an...

NBB signs seven-year extended partnership deal with Mastercard

The National Bank of Bahrain (NBB) has reportedly signed a seven-year extended partnership agreement with global payments and technology firm, Mastercard Inc. The partnership will upscale NBB’s current offerings and provide its customers wit...

Health tech company Eka Care secures USD 15 Mn in Series A round

Eka Care, a Bengaluru-based health tech startup, has reportedly secured a Series A round of USD 15 million led by Hummingbird Ventures. Other investors including Mirae Assets, 3one4Capital, Aditya Birla Ventures, Verlinvest, Rohit MA, and Binny Bansa...

French government to pay USD 10.24 Billion for EDF nationalization

The government of France is reportedly paying USD 10.24 billion (€10 billion) to completely nationalize EDF, an energy giant, as ministers try to combat the energy crisis in Europe. The country’s finance ministry offered USD 9.9 billion...

Naver to boost B2B business in Japan via partnership with SoftBank

Naver Corporation, a South Korean internet company, is reportedly preparing to make full-fledged inroads into the enterprise IT solution business in Japan through a partnership with SoftBank Group. Naver is notably leveraging the partnership with ...

Stagwell acquires PEP Group to expand multilingual content production

Marketing and communications firm Stagwell has reportedly acquired an omnichannel content creation firm, PEP Group. Under this deal, PEP Group will join the multilingual content agency of Stagwell, Locaria, to expand content and media production c...

Tata AIA Life Insurance announces partnership with City Union Bank

Tata AIA Life Insurance Co. Ltd, one of the top insurance companies in India, is reportedly partnering with City Union Bank to provide health and life insurance solutions to the bank’s customer base. Both the companies are well-revered consu...

M&M to ramp up electric plans and unveil Born Electric fleet in the UK

Mahindra & Mahindra Limited (M&M) is reportedly unveiling its Born Electric fleet in Oxfordshire, the UK on August 15th, as per a senior advisor at BII (British International Investment). According to a credible source, the new lineup is s...

Germany to focus on biosecurity during year-long Global Partnership presidency

Germany has reportedly planned to prioritize biosecurity during its one-year presidency of the Global Partnership Against the Proliferation of Weapons of Mass Destruction. German deputy commissioner for arms control and disarmament, Rüdiger B...

SOM, Prometheus Materials unite to design bio-based building materials

Construction engineering firm Skidmore, Owings & Merrill (SOM) has reportedly partnered with Prometheus Materials to design and manufacture bio-concrete and microalgae-based bricks. Replacing conventional carbon-heavy concrete materials, curre...

HDFC Bank receives approval from RBI to merge with HDFC Limited

HDFC Bank has reportedly received approval from banking regulator RBI to merge with its parent company, HDFC Limited. Considered to be the biggest deal in the history of Indian corporate, HDFC Bank agreed to acquire India’s biggest mortgage ...

Dubai Land Dept and Emirates NBD partner to reinforce UAE real estate

Dubai Land Department has reportedly announced a strategic partnership with leading banking group Emirates NBD on milestone projects aimed at boosting the real estate proposition of the UAE. The automation and digitization of rental cheque payment...

MBL Solutions sold to new owners in deal worth USD 4.24 Million

Seaham-based MBL Solutions Ltd has reportedly been sold to new owners for USD 4.24 million (£3.5 million). The North East gift card firm is being sold to the Appreciate Group from Liverpool by former parent company Redu Group for a USD 2 mil...

McLaren & NEOM sign title partnership for Formula E and Extreme E teams

NEOM and McLaren Racing Limited have reportedly announced a strategic partnership to become the title partner of McLaren Extreme E and Formula E racing teams. This partnership brings together two all-electric race series under the banner NEOM McLaren...

Barclays and the University of York partner to offer business support

The University of York has reportedly partnered with Barclays Eagle Labs to offer business advice and support to entrepreneurs in the city. The collaboration will be established on The Catalyst on the University’s Campus East and the newly r...

Netacea partners with AVANT to boost cyber security offerings

Bot management specialist Netacea has reportedly signed a partnership agreement with AVANT, an IT decision-making platform, to boost AVANT’s cyber security offerings. The agreement will also offer AVANT’s Trusted Advisors network a more c...

PayNearby and Protean team up to provide paperless PAN services

Protean eGov Technologies Limited, a leading provider of e-governance solutions and India’s leading digital payments network PayNearby has reportedly partnered to offer paperless PAN services. Under the partnership, the retail partners of Pa...

Zilingo founders to opt for buyout offer over voluntary liquidation

Ankiti Bose and Dhruv Kapoor, Co-Founders of a Singapore-based B2B e-commerce startup, Zilingo, have reportedly agreed to make a management buyout offer amid plans to liquidate voluntarily. In an email to the company’s Board of Directors, Dh...

Kansas colleges receive USD 24 Mn to study disaster response tools

Universities and colleges from Kansas are reportedly set to receive USD 24 million under a new research initiative to study disaster response tools. ARISE, or Adaptive and Resilient Infrastructures Driven by Social Equity, is a project that is federa...

Ministry of Railways launches innovation policy with $6.4 Mn annual budget

The Ministry of Railways has reportedly unveiled StartUps for Railways, a new Indian Railway Innovation Policy, assigning an annual budget of USD 6.4 million (Rs 50 crore). This initiative is part of the ministry’s plan to make investments i...

Ferroglobe & REC Silicon sign MoU for expanding solar supply chain

Ferroglobe and REC Silicon have reportedly announced an MoU (Memorandum of Understanding) to set up a fully traceable, low-carbon U.S.-based solar supply chain. Hanwha Group’s recent investment into REC Silicon has prompted further expansion...

Credit Suisse considers fresh round of job cuts after Q2 loss warning

Global investment bank Credit Suisse Group AG is reportedly considering headcount reductions to further slash costs after a second-quarter loss warning. The Swiss bank is weighing a fresh round of job cuts across divisions including wealth managem...

EDF & CCSI collaborate to analyze net-zero financial sector initiatives

EDF, or Environmental Defense Fund, has reportedly announced its plan to collaborate with The CCSI (Columbia Center on Sustainable Investment) to analyze net-zero financial sector initiatives. The project will also analyze opportunities to effecti...

Klarna and Affirm extend competitive efforts to appeal to US consumers

Fintech firms Klarna Bank AB and Affirm have reportedly extended competitive efforts to attract customers in the United States. A week ago, the San Francisco-based company announced the availability of its BNPL (buy now, pay later) technology in t...

NL-based DSM to merge with Firmenich in shares and cash deal

Dutch multinational corporation DSM N.V. has reportedly planned to merge with Firmenich, the world’s largest perfumery and taste company in a mega cash and share deal. The merger is expected to augment annual sales by USD 537 million, partic...

Siemens, Zscaler offer all-in-one solution to boost OT digital security

Zscaler and Siemens have reportedly offered a proven solution that consolidates Siemens' devices and the Zscaler Zero Trust Exchange cloud security platform to help expedite digital security initiatives of customers with OT (operational technolog...

UK-based Kendamil to send 2 million infant formula cans to the U.S.

Kendamil, the Cumbria-based baby milk brand, has reportedly planned to fly two million infant formula cans to the United States over the next six months to facilitate a nationwide shortage. This move comes following the US FDA (Food and Drug Admin...

Conkrite Capital announces merger with Grupos Originarios De México

Conkrite Capital Corp. has reportedly announced its plans to enter a definitive agreement with Grupos Originarios de México (POM) to merge in Performance Management and Resource Management. The collaboration is the result of negotiations th...

TransferMate raises funding of USD 70 Mn to expedite B2B innovation

Leading B2B payment infrastructure provider TransferMate has reportedly secured funding of USD 70 million valuing the company at USD 1 billion. Railpen, one of the largest pension funds in the United Kingdom, took part in the funding round. The Ir...

Zolar bags Series C funding of USD 105 Mn to expand supplier network

Berlin-based Zolar GmbH has reportedly secured a Series C funding of USD 105 million to increase its supplier network for small-scale solar systems to cater to the surging demand for clean energy. The funding round is initiated by Singapore-based ...

Hyatt affiliate inks agreement with The Red Sea Development Company

Miraval Resorts & Spa, an affiliate of Hyatt Hotels Corporation, has reportedly entered a management deal with The Red Sea Development Company for Miraval The Red Sea. The 180-room luxury resort will bring the signature wellness practices of t...

Byju’s planning to acquire CA-based online tutoring firm Chegg

Edtech giant Byju’s has reportedly planned to acquire Chegg, a California-based online tutoring firm. Byju Raveendran, Founder and Chief Executive of Byju’s indicated that the upcoming year is the right time for making acquisitions. He...

Adani Group to buy 49 percent stake in Quintillion Business Media

AMG Media Networks, a media unit of Adani Enterprises, has reportedly planned to purchase a 49% stake in Quintillion Business Media Pvt Ltd (QBML), a digital business news platform. As per a regulatory filing, Adani Enterprises inked a Shareholder...

Swiggy suspends operations of Supr Daily in five cities citing losses

Swiggy, the food and grocery delivery platform, has reportedly ceased operations of Supr Daily, its subscription-based delivery service, in five cities due to low profits. The announcement came following the suspension of operations of subscriptio...

Lordstown registers USD 90 Million loss; yet to close Foxconn deal

Electric truck maker Lordstown Motors Corp has reportedly registered a loss of USD 90 million and is yet to close a USD 230 million deal with Taiwanese tech supplier Foxconn ahead of a May 14th deadline. As per the agreement, Foxconn will purchase...

Fintech startup MoneyMatch targeting Series B funding of USD 10 Mn

MoneyMatch, a Malaysia-based fintech startup, has reportedly announced its plans to raise a Series B funding round between USD 8 million to USD 10 million. The fintech startup is holding talks with several regional and local institutional investor...

Golden Energy and Resources acquires BHP Mitsui Coal for $1.2 Bn

Widjaja family’s Golden Energy and Resources has reportedly acquired an 80% stake in BHP Mitsui Coal, an Australia-based coal miner, for USD 1.2 billion. Japan’s Mitsui owns the remaining stake. Stanmore Resources, the Australian-liste...

Karnataka inks MoU with ISMC for a $3Bn semiconductor fab plant

Karnataka has reportedly inked an MoU (Memorandum of Understanding) with ISMC Analog Fab Pvt. Ltd for establishing a semiconductor fab facility for USD 3 billion over the next seven years. The MoU was inked by E.V. Ramana Reddy, Karnataka’s ...

Labour Ministry notifies Infosys to jointly discuss non-compete clause

The Labour Ministry has reportedly issued a notice to Infosys Ltd to conduct a joint discussion on April 28th regarding the imposition of the non-compete clause. This move comes after a complaint filed with the ministry by the IT union Nascent Inf...

Crypto exchange Kraken forays into the competitive landscape of the UAE

Kraken will be recognized as the 1st cryptocurrency player to facilitate UAE Dirham-based funding and trading equivalent to ether, bitcoin, and other virtual assets The U.S.-based cryptocurrency exchange Kraken is reportedly pursuing the Middle Ea...

Nykaa partners with ELCA Cosmetics to unveil premium salons in India

Nykaa, a leading beauty retailer, has reportedly collaborated with ELCA Cosmetics Pvt Ltd, Estee Lauder’s subsidiary, to unveil premium salons in India. This move commences the retailer’s venture into the professional beauty services i...

PetMeds® announces partnership with Vetster for pet telemedicine

PetMed Express, Inc. has reportedly entered an exclusive partnership with Vetster Inc, a leading pet-care and veterinary telemedicine marketplace. The deal gets access to around-the-clock, virtual pet healthcare for over 2 million pet parents of P...

Singapore-UK joint venture to introduce LVL for housing in India

The UK and Singapore have reportedly established a joint venture to bring Laminated Veneer Lumber (LVL), or engineered timber, for housing projects across India and other South Asian nations. This is an ambitious move to replace traditional buildi...

Sequoia Capital India addresses fraud allegations at some startups

Sequoia Capital India has reportedly acknowledged the fraud allegations charged against some of its portfolio startups and committed to taking bold steps to perform more to steer increased compliance. In a statement, the venture fund stated that i...

FIDCAR-Stellantis &You form after-sales predictive marketing alliance

FIDCAR, a startup from the MotorK group, and Stellantis &You, Sales and Services have reportedly formed an after-sales predictive marketing collaboration. For the unversed, after-sales predictive marketing is a tool developed to provide indivi...

Cornerstone Building Brands to sell coil coating business to BlueScope

Cornerstone Building Brands Inc. has reportedly announced its plans to sell its business of coil coatings to BlueScope Steel Limited in an all-cash deal for USD 500 million. This transaction was finalized through a definitive agreement and is expe...

ReadySet secures $29 Mn to improve access to enterprise-level app data

ReadySet, a provider of database infrastructure, has reportedly raised a Series A funding of USD 24 million initiated by Index Ventures and supported by Amplify Partners. With contributions from several angel investors, the total amount raised wen...

Inox-PVR plan to double combined pipeline of 2,000 screens in 7 years

PVR and Inox Leisure, the leading multiplex operators who merged a month ago, have a consolidated pipeline of 2,000 screens and plans to double over the next seven years with a USD 530 million budget. As part of the expansion, the merged organizat...

Bain Capital acquires 25% stake in IIFL Wealth for USD 485.6 Mn

Global private equity firm Bain Capital has reportedly announced the acquisition of a 24.98% stake in IIFL Wealth Management Limited for USD 485.6 million. Current investors Fairfax India Holdings Corporation and General Atlantic will make a parti...

Axis Bank to acquire Citibank India’s consumer business for $2Bn

Citibank, the consumer division of financial services firm Citigroup, is reportedly set to announce the sale of its consumer business in India to Axis Bank, a banking and financial services company. The size of the deal is expected to be over $2 b...

UK government plans to transform special educational needs system

UK government has reportedly planned to remodel the Send (special educational needs and disabilities) system in a recently issued green paper. Mainstream schools in the country will now need to change their practice and culture to become more child-i...

Yuga Labs raises USD 450 Mn, plans to unveil Bored Ape metaverse

Yuga Labs, the creator of Bored Ape Yacht Club (BAYC), has reportedly secured USD 450 million. The company now plans to develop its metaverse dubbed Otherside. This funding was initiated by video game maker Animoca Brands, venture capital firm And...

NatWest to be first UK high-street bank to unveil BNPL credit scheme

NatWest has reportedly announced its intention to launch a new buy now pay later (BNPL) credit scheme this summer, becoming the first UK high-street bank to enter this sector. The bank is prominently owned by taxpayers though by a margin as the go...

Sony Interactive announces acquisition of Haven Entertainment Studios

Sony Interactive Entertainment LLC has reportedly announced its intention to acquire Montreal-based development studio Haven Entertainment Studios Inc. With a growing team of 60 employees, Haven Entertainment Studios will be the eighteenth studio ...

Bridgestone acquires minority stake in Michigan-based May Mobility

Leading tire manufacturer Bridgestone Corporation has reportedly acquired a minority stake in May Mobility, a Michigan-based autonomous shuttle firm. This marks Bridgestone’s latest investment into an autonomous vehicle firm. Previously, the...

Groww holding talks to secure $150 Mn at a $4-$5 Bn valuation

Online investment platform Groww is reportedly holding talks to secure USD 150 million at a USD 4 billion-USD 5 billion valuation. According to credible sources, the company is discussing a clutch of sovereign funds as it continues to get investor...

PIMCO Foundation partners with two firms to create economic assent

PIMCO has reportedly announced that the PIMCO Foundation is collaborating with two organizations to create economic empowerment at the juncture of gender and racial equality. The allocation of USD 1 million will be equally split between FreeFrom a...

Reliance buys assets of Lithium Werks to boost clean energy innovation

Reliance Industries, an India-based conglomerate company engaged in the exploration and production of natural gas and crude oil, has reportedly acquired assets of Lithium Werks, a battery maker. This latest acquisition agreement worth $61 million mar...

HEP & HollyFrontier announce new parent company, HF Sinclair

Holly Energy Partners L.P. (HEP) and HollyFrontier Corporation have reportedly established a new parent holding company HF Sinclair Corporation. In addition, the companies have executed their respective acquisitions of Sinclair Transportation Comp...

Bosta launches business in Riyadh, eyes expansion in the Mideast

Egypt-based logistics firm Bosta has reportedly launched its business in Saudi Arabia by opening its first office in Riyadh. The new office comes under Bosta’s plan of expanding its network across the Middle East. The expansion follows the f...

Makers Fund raises USD 500 Mn to boost interactive entertainment

Makers Fund, the global interactive entertainment venture capital company, has reportedly raised a funding of USD 500 million to invest in founders who are innovating and evolving the ecosystem. The funding is the third and largest fund of Makers ...

Schlumberger expands INNOVATION FACTORI network with Houston center

Schlumberger Limited has reportedly expanded its INNOVATION FACTORI network by unveiling a new center in Houston, Texas. INNOVATION FACTORI allows consumers to expedite the development and installation of enterprise-level digital and AI solutions ...

Farmers in UK face crisis as Ukraine invasion disrupts supplies

Farmers in the United Kingdom are reportedly facing a crisis in grain supply as Russia’s invasion of Ukraine will increase food prices and cause fertilizers and energy costs to hit all-time high levels. European gas prices recently hit 800p ...

UK launches USD 26.2 Mn private sector partnership to educate girls

UK Prime Minister Boris Johnson has reportedly unveiled a new business collaboration with private sector businesses worth USD 26.2 million (£20 million) to provide education to girls in developing countries. In the first-of-its-kind educatio...

HCmed partners with Formosa Pharmaceuticals & Formosa Laboratories

HCmed Innovations Co. Ltd has reportedly partnered with Formosa Pharmaceuticals Inc. and Formosa Laboratories Inc to form global contract development and manufacturing organization (CDMO). By consolidating the vibrating mesh nebulizers of HCmed, t...

U.K.’s biggest grocers enter refillable grocery collaboration

Ocado, Waitrose, Marks & Spencer, and Morrisons along with supply chain firm CHEP have reportedly joined a refillable grocery collaboration. Under the partnership, the grocers plan to introduce unpackaged alternatives in-store as well as allow...

Trainual unites with EO to address training and onboarding challenges

Trainual, a knowledge transfer and training platform, and Entrepreneurs' Organization (EO), a nonprofit organization offering a high-quality support network, have entered a Global Strategic Partnership. As per the terms of the agreement, members ...

Exxon Mobil decides to exit Russia and suspends further investments

Exxon Mobil Corporation has reportedly decided to exit operations in Russia, including oil production fields, becoming the latest energy company to end ties with Moscow following its invasion of Ukraine. The decision comprises operations at a majo...

Novavax’s Nuvaxovid approved for people aged 18 & above in New Zealand

Nuvaxovid, Novavax’s COVID-19 vaccine, has reportedly been approved by New Zealand for vaccinating people aged 18 and over. The vaccine received provisional approval from Medsafe, the medicines regular of New Zealand a month ago. Nuvaxovid a...

Biocon Biologics to acquire Viatris’ biosimilars business for $3.335 Bn

Biocon Biologics has reportedly planned to acquire the biosimilars business of Viatris Inc for nearly USD 3.335 billion, which includes cash worth USD 2.335 billion along with preference shares. The company will issue Viatris USD 1 billion worth o...

IBM plans to reinforce cyber resiliency using Security Command Center

IBM Corporation has reportedly planned to make a multi-million-dollar investment to aid businesses to manage the rising cyber-attack threat to organizations across the Asia Pacific. A major part of this investment will be directed towards the firs...

Nissha & Immersion partner to integrate haptics into auto interfaces

Nissha Co. Ltd, a worldwide supplier of decorative films, molded parts, and touch sensors, has reportedly announced a partnership with Immersion Corp., a leading licensor of haptic technology. Under the terms of the agreement, Immersion will licen...

Marks & Spencer forms in-store & online partnership with Clinique

Marks & Spencer Beauty has reportedly announced a new in-store and online collaboration with Clinique, one of the biggest make-up and skincare brands in the world. The M&S-Clinique collaboration comes along the heels of a strong release of...

Addison Group opens new office in Cleveland to expand business

Addison Group, a leading provider of talent and consulting solutions, has reportedly opened a new office in Cleveland, Ohio to expand its business in the region. The new office exhibits the company’s continued growth momentum over the past s...

Ashok Leyland plans EV facility & lines up $67.1 Mn for alt-fuel tech

Ashok Leyland, the Hinduja Group flagship, has reportedly planned to establish a manufacturing plant in India to exclusively make electric vehicles. The company has also prepared investments of around USD 67.1 million (Rs. 500 crores) to make powe...

OTA Insight expands business in LATAM with a new office in Brazil

OTA Insight Ltd., a leading provider of cloud-based hospitality business intelligence, has reportedly expanded its business in Latin America with the inauguration of its office in Sao Paulo, Brazil. The expansion showcases the company’s dedi...

Check secures Series C round of USD 75 Million led by Stripe

Check, a payroll infrastructure startup has reportedly announced a Series C funding round of USD 75 million initiated by payments platform Stripe and repeat investors Bedrock, Index, and Thrive. The latest funding round takes the total funding of ...

Aurora & U.S. Xpress team up to commercialize robotic trucking

Aurora, a developer of autonomous technology, has reportedly partnered with U.S. Xpress, a freight carrier firm, to study the best methods to commercialize robotic trucking. This collaboration will help shippers as they struggle to hire new driver...

Taxfyle secures oversubscribed Series B round of USD 20 Million

Taxfyle, the accounting workforce of the internet, has reportedly closed an oversubscribed Series B round of USD 20 million led by IDC Ventures and Fuel Venture Capital. As the Miami-based company looks to expand on opportunities of firm outsourci...

Reliance Industries to repurpose facility for making blue hydrogen

Reliance Industries Ltd. (RIL) has reportedly planned to remodel a USD 3.97 billion (Rs 30,000 crore) convertor plant of petroleum coke to synthetic gas for producing blue hydrogen for USD 1.2-1.5 per kg. With this move, billionaire Mukesh Ambani&...

BACARDÍ® Rum to curb greenhouse gas emissions by 50% starting 2023

Bacardi, the world’s largest privately-owned spirits company, has reportedly announced that its premium rum brand will curb its GHG (greenhouse gas) emission by half from next year. The GHG emissions of the BACARDÍ rum will be reduced...

Upflex & WeWork team up to set up global network of 5,500 locations

Leading flexible space provider WeWork Inc. has reportedly announced an exclusive and strategic collaboration with Upflex, a global flexible workplace startup. The exclusive collaboration will set a consolidated global network of more than 5,500 l...

WHO & Commonwealth ink MoU to reinforce partnership on public health

The WHO (World Health Organization) and the Commonwealth Secretariat have reportedly signed an MoU (Memorandum of Understanding) to reinforce partnership on various public health issues. The MoU was signed at a ceremony organized at WHO’s Ge...

Merz expands collaboration with Vensica and invests USD 3 Million

Merz Therapeutics, a leading company in neurotoxins and a part of the Merz Group, has reportedly reinforced its planned collaboration with Vensica Therapeutics, As part of the deal, the group is investing USD 3 million in the start-up. This invest...

Joby Aviation & SKT partner to launch air taxi service in South Korea

Joby Aviation, a California-based electric vertical landing and takeoff startup, has reportedly partnered with SK Telecom (SKT) to launch an air taxi service in South Korea. The two companies signed the collaboration agreement at Joby’s Marina,...

White House and EPA urge USPS to reconsider gas vehicle purchase plan

The EPA (Environmental Protection Agency) and White House have recently urged the USPS (U.S. Postal Service) to reconsider the purchase plan of a new fleet of primarily gas-powered delivery vehicles. The EPA has reportedly sent a letter to the USP...

JetBlue-Salesforce unite to bring air travel into Net Zero future

American low-cost airline JetBlue has recently entered a new partnership deal with Salesforce, a cloud-based software company. This agreement is geared towards leveraging travel technology and data to boost air travel’s path into a Net Zero fut...

Netflix expands gaming lineup with addition of two new titles

Streaming giant Netflix Inc. has expanded its lineup of games with the launch of two new titles which are set to be released worldwide on February 2nd, 2022. The new additions include Hextech Mayhem, a Riot Games-developed title based on the Leagu...

New York Times acquires popular game Wordle for seven-figure sum

The New York Times has reportedly purchased the popular game Wordle for an unrevealed seven-figure sum. Created by Josh Wardle, a Reddit engineer, and unveiled in October, the game provides players with six guesses to figure out a five-letter word th...

PGGM & Charter Hall bid USD 901.45 million for Irongate Group

Australia-based Irongate Group has reportedly received a takeover bid of USD 901.45 million (A$1.29 billion) by a collaboration managed by Charter Hall Group, a property investor. The collaboration, including Charter Hall and Dutch pension giant P...

Paytm Money unveils Pops messenger to offer user-specific insights

Paytm Money Limited, a fully-owned subsidiary of One97 Communications Ltd, has reportedly launched AI-based Pops messenger to offer user-specific insights on stocks, portfolios, and market analysis. The Pops messenger will provide engaging updates...

Generali to raise stake & control both insurance JVs with Future Group

Italian insurance giant Generali has reportedly struck a double deal with debt-ridden Future Group and has agreed to obtain a significant stake in both the insurance joint ventures between the two firms. This move comes eight months after the gove...

Tube Investments to acquire Cellestial E-Mobility for USD 21.58 Mn

Tube Investments of India Ltd (TII), a Muruguppa group firm, has reportedly planned to acquire a 70 percent stake in Cellestial E-Mobility Pvt Ltd in an all-cash deal for USD 21.58 million (Rs 161 crore). The Chennai-based company affirmed that it...

BioTalent launches new program for IEPs and newcomers in Canada

BioTalent Canada, the go-to source for labor market intelligence, has recently launched the Skilled Newcomer Internships for the Bio-economy program. The new program was introduced to provide employers with funds to integrate IEPs (internationally...

Terra Quantum secures Series A round of USD 60 Mn for QaaS platform

Terra Quantum, a Zurich-based startup, has reportedly raised a Series A round of USD 60 million for building a Quantum-as-a-Service platform. This round was initiated by Lakestar, who also supported Terra Quantum’s 2019 seed round. According...

Honda signs joint development agreement with Boston-based SES Holdings

Honda Motor Company has reportedly inked a joint development agreement with SES Holdings, a Boston-based EV battery company, to develop batteries. This agreement with SES is part of the Japanese carmaker’s overall battery strategy. The decis...

Ford inks five-year agreement with Stripe to scale E-comm capabilities

Ford Motor Company has reportedly inked a five-year agreement with online payment processor Stripe to upscale the e-commerce abilities of the automaker. The collaboration with Stripe is part of the automaker’s larger restructuring plan Ford+, a...

DeHaat completes the acquisition of Maharashtra-based Helicrofter

DeHaat, a tech-based platform providing end-to-end agricultural services to Indian farmers, has reportedly announced the acquisition of Helicrofter, a B2B agri-input marketplace startup. The financial details of the acquisition were not revealed. ...

Megaport partners with KIO Networks to expand services in Mexico

Megaport Limited, a leading NaaS (Network as a Service) provider, has reportedly announced plans to expand in Mexico through a partnership with KIO Networks, the largest data center provider in the country. The partnership of Megaport with KIO Net...

Recykal raises funding of USD 22 Million from Morgan Stanley

Recykal, a Hyderabad-based business-to-business platform for waste recycling and management marketplace, has reportedly secured funding of USD 22 million from Morgan Stanley India. Existing investors Vellayan Subbiah, Circulate Capital, and Arun V...

LG Chem to develop world’s largest plant for cathode materials in Gumi

LG Chem Ltd. plans to construct the largest plant in the world exclusively for cathode materials by collaborating with Gumi City as the company aims for the rapidly surging battery market. In a recent announcement at the Gumi Convention Center, th...

Beam & Pfizer enter 4-year agreement focused on in vivo base editing

Pfizer Inc and Beam Therapeutics Inc. have reportedly announced an exclusive four-year research collaboration to advance new in vivo base editing programs for rare genetic disorders of the muscle, liver, and central nervous system. According to th...

Medically Home announces strategic investment of USD 110 Million

Medically Home Group Inc. has reportedly announced a strategic funding of USD 110 million from investors such as Baxter International Inc., Cardinal Health, and Global Medical Response (GMR). Each investor will have representation on the Board of ...

Shiprocket plans to acquire 75% stake in Delhi-based Wigzo Tech

Shiprocket, a Zomato-backed logistics aggregator company, has reportedly planned to acquire a 75% stake in Wigzo Tech, an AI-driven marketing tech firm for USD 20-USD 25 million in an all-cash deal. The deal will have nearly 15% primary and around...

Delhivery invests in Falcon Autotech to design automation solutions

Indian logistics and e-Commerce supply chain company Delhivery has reportedly announced its investment in a logistics automation solutions provider, Falcon Autotech. This initiative is a part of the supply chain company’s sustained investmen...

Volaris Group acquires Adapt IT to expand growth across Africa

Vertical software powerhouse Volaris Group Inc. has reportedly acquired Adapt IT Holdings, a leading technology firm in South Africa. With this acquisition, Adapt IT offers a talented global team, an excellent track record of successful acquisitions,...

AT&T, Verizon to delay 5G deployment to avoid aviation standoff

AT&T Inc and Verizon Communications have reportedly agreed to delay the deployment of the C-Band wireless spectrum by two weeks, avoiding an aviation safety standoff that threatened to disrupt flights. The delay came after the chief executives...

Online Christmas returns add to USD 9.46 billion bill for retailers

A flurry of online Christmas returns has reportedly cost around USD 9.46 billion (£7 billion) for retailers. With the end of the festive period, warehouse workers are striving to process millions of rejected or returned gifts at around &poun...

Movendo partners with Maragal to advance fall prevention screening

Maragal Medical has reportedly partnered with Movendo Technology to incorporate its robotic system hunova© into a fall prevention screening for geriatric patients. Dr. Timothy Gallagher, the Chief Executive Officer of Maragal Medical, noted t...

Kalaari Capital LPs earn over $600 million in returns in 2021

Kalaari Capital, a homegrown venture capital firm has earned over $600 million in returns for its Limited Partners (LPs) in 2021, following the firm’s exit, either partial or full, from more than 10 companies. According to Vani Kola, Kalaari...

L&T secures contract to develop one of the largest townships in BLR

The construction division of Larsen & Toubro Ltd. has reportedly bagged a contract to develop one of the largest residential townships in Bengaluru. The project comprises the construction of nearly 6,768 apartments, spanned across 39 towers wi...

India surpasses UK to become the third largest unicorn ecosystem

India has reportedly overtaken the United Kingdom to bag the third spot in the list of countries with most number of unicorns. The country has added 33 such companies worth over $1 billion each in a single year. In 2020, India was ranked in fourth...

Arcus & Gilead close option exercises for three programs & partnership

Arcus Biosciences Inc. and Gilead Sciences Inc. have reportedly announced the closure of option exercises of Gilead to three programs in the clinical-stage collection of Arcus and a new research partnership among the two firms. Gilead leveraged th...

ams OSRAM sells horticulture lighting systems business to Signify

ams OSRAM has reportedly signed a definitive agreement to sell Fluence, its horticulture lighting systems business to Signify N.V. for a purchase price of USD 272 million on a debt-free basis. Subject to regulatory approvals, the companies expect the...

Mintra & Future Care team up to reinforce support to maritime industry

Mintra, a leading provider of digital learning and human capital management software, has reportedly entered into a strategic partnership with Future Care Inc., an International SOS firm, to reinforce support to the maritime industry. The partners wi...

U.S. & AU sign Cloud Act deal to expedite criminal information sharing

The United States and Australia have reportedly inked a deal to speed up the process of insight sharing about criminal suspects between tech companies, including major social media firms and law enforcement agencies. The agreement, under the US Cl...

Prestige BioPharma and Dr. Reddy’s unite to supply proposed biosimilar

Singapore-based biopharmaceutical company Prestige BioPharma has recently entered a binding agreement for an exclusive partnership with Dr. Reddy’s Laboratories, a pharmaceutical company. This latest agreement is geared towards the commercia...

PCI Pharma closes acquisition of LSNE to expand CDMO services

PCI Pharma Services, a leading global CDMO (contract development and manufacturing organization) has reportedly announced the closure of the acquisition of LSNE (Lyophilization Services of New England) Inc., a Bedford-headquartered premier CDMO. U...

Grofers rebrands to Blinkit, promises to deliver products under 10 min

Grofers, the online grocery delivery company, has reportedly changed its name to Blinkit amid growing competition in the fast commerce space. The rebranding suggests that Grofers will offer product deliveries in the blink of an eye. The move comes...

Reliance partners with Assets Care to bid for Sintex Industries

Reliance Industries Ltd. (RIL), in collaboration with Assets Care & Reconstruction Enterprise Ltd, has reportedly submitted a bid for Sintex Industries Ltd, the bankrupt yarn and textile manufacturer, under a court designated CIRP (corporate inso...

SAP SuccessFactors & Attensi collaborate to revolutionize L&D

SAP SuccessFactors, a leading provider of HCM (human capital management) solutions, has reportedly collaborated with Attensi, a company that offers simulation-based training and groundbreaking gamification. Through this collaboration, the companie...

4AIR & AIA partner for developing tools to attain Net Zero Flight

4AIR, an aviation sustainability company, has reportedly partnered with the University of Cambridge-led AIA (Aviation Impact Accelerator) to develop evidence-based, interactive tools to educate the aviation industry, the decision-makers, and the publ...

ButterflyMX raises USD 50 Mn in JMI Equity-led Series D funding round

ButterflyMX, an access control technology company, has reportedly secured a growth equity round of USD 50 million led by JMI Equity with participation from Egis Capital, RiverPark Ventures, and Volition Capital. The latest funding round will enabl...

Tata Power & IIT Madras sign MoU for training, R&D, tech solutions

Tata Power Company Limited has reportedly inked a memorandum of understanding (MoU) with IIT Madras to collaborate on consultancy, R&D, training, advocacy, and tech solutions. Under the MoU, IIT Madras and Tata Power intend to perform advanced...

NEXTDC & Hurricane Electric extend partnership to increase IP transit

Hurricane Electric, the largest IPv6-native Internet backbone of the world, has reportedly extended its partnership with NEXTDC, the leading provider of premium data center solutions in Australia. Under this partnership, Hurricane Electric has instal...

SLC partners with Blue C Mobile to optimize SatCom financing

SLC (SatLease Capital) has reportedly announced a partnership with Blue C Mobile. SLC will offer customized and flexible financing solutions for customers of Blue C Mobile. The newly formed collaboration between both companies is expected to trans...

7-Eleven teams up with Nuro to test autonomous delivery service in CA

Convenience store chain 7-Eleven is reportedly collaborating with American robotics company Nuro to test a commercial autonomous delivery service in Mountain View, California. Starting December 1, the service will be accessible to customers throug...

PSA agrees to acquire BDP International from Greenbriar Equity Group

PSA International Pte Ltd, a leading port group, has reportedly inked an agreement to acquire all the shares of BDP International Inc., a leading integrated supply chain and logistics solutions provider from private equity firm Greenbriar Equity Grou...

upGrad acquires Global Study Partners to boost study abroad business

India’s largest online higher education firm upGrad has recently announced the acquisition of an international student recruitment company, Global Study Partners, for A$16 million. In addition, the company further made a commitment of A$10 mill...

Visa complains to U.S. govt regarding India’s RuPay promotion

American financial services company, Visa Inc., has reportedly complained to the U.S. government about India’s formal and informal promotion of RuPay, Visa’s local payments rival. As claimed by the U.S.-based company, the act of the India...

BigBasket to enter offline grocery space through USD 53.6 Mn investment

BigBasket, the Tata-owned online grocery firm, is reportedly planning to enter the offline grocery segment by investing around USD 53.6 million (Rs. 400 crores ) in the project. The company plans to expand its presence by opening 200 physical stores ...

NoBroker becomes unicorn by raising $210 Mn in Series E round

NoBroker, a Bengaluru-based company, has reportedly raised USD 210 million in a Series E funding round, making it the first proptech unicorn of India. The round was co-led by General Atlantic and Tiger Global, two existing investors, along with Moore...

Quickbase announces global expansion to cater to market demand

Quickbase Inc. has reportedly announced company growth-related investments and global expansion through strategic employment in India, Ireland, and the United Kingdom along with significant growth across current offices in Salt Lake City, Boston, and...

Swiggy launches Swiggy One program to offer discounts, free deliveries

Food tech company Swiggy has reportedly launched the new Swiggy One membership. The upgraded plan provides all-inclusive coverage of Swiggy services like Swiggy Meat, Swiggy Instamart, Swiggy Genie as well as food delivery. The single-tier members...

Kyndryl & VMware expand partnership to renew app & multicloud services

VMware Inc. and Kyndryl Holdings have reportedly expanded their partnership to focus on multicloud services and app modernization. This partnership expansion will allow customers to transform their businesses and improve their digital innovation with...

Tata Motors announces launch of EV for last-mile delivery sector

Tata Motors Limited has reportedly announced its plans to launch an electric vehicle (EV) for the last-mile delivery sector owing to increasing demand for EVs in the segment. The company is closely working with the e-commerce firms to understand t...

Virtuoso stockholders approve proposed merger with Wejo Group

Virtuoso Acquisition Corp., a special purpose acquisition company, has reportedly announced that its stockholders have sanctioned its merger with Wejo Group Limited at a special shareholders meeting held on November 16, 2021. The merger will be close...

Bentley Systems agrees to acquire Power Line Systems for USD 700 Mn

Bentley Systems Inc. has reportedly agreed to acquire Power Line Systems from private equity company TA Associates for an amount of USD 700 million. The proceeds will be paid either in the form of cash or a combination of Bentley Systems stock and...

Ashok Leyland approaches investors to raise funds for Switch Mobility

Ashok Leyland, the flagship company of Hinduja Group, has reportedly held talks with investors to raise funds for its newly formed EV (electric vehicle) subsidiary Switch Mobility. The Chennai-based automaker is seeking funds for upscaling its produc...

SK Networks partners with LS-Nikko Copper for ICT-focused recycling

South Korean company SK Networks has reportedly partnered with LS-Nikko Copper for improved cooperation of ESG management. The move intends to engage the companies in a collaborative effort for ICT-focused resource recycling. The companies announc...

Ample secures USD 30 Mn to expand battery swapping business to Europe

Ample, a company developing battery swapping tech for EVs, has reportedly secured another USD 30 million from Banco Santander, a Spanish multinational financial service firm, and The Blackstone Group. The major part of the round was contributed by Th...

Oracle collaborates with Bharti Airtel to accelerate cloud business

Oracle Corporation, the cloud service provider, has reportedly announced a partnership with the data center unit of Bharti Airtel Limited, the Indian telecoms group. This expansion will broaden Oracle’s customer access in one of the fastest-gro...

DomainTools acquires Farsight Security to offer top-class threat intel

DomainTools, a leader in DNS-based cyber threat intelligence, has reportedly acquired Farsight Security, a leading provider of passive DNS cyber security data solutions. The acquisition extends a long-standing partnership between the two companies to...

Google.org announces grant of USD 2.5 Mn for three Indian nonprofits

Google.org, the philanthropic arm of tech giant Google, has reportedly announced a grant of USD 2.5 million for three India-based nonprofits- Samhita-Collective Good Foundation, SwaTaleem Foundation, and Pratham Education Foundation. This grant is...

Air France to rapidly increase weekly flights to US as borders reopen

Air France has reportedly planned to ramp up flights across various destinations in the United States as North American borders reopen from November 8. Starting November 8 2021, the airline will schedule around 122 weekly flights to the U.S. instead ...

White Oak Capital Group acquires Yes Bank’s mutual fund business

White Oak Capital Group has reportedly completed the acquisition of Yes Asset Management, the mutual fund business of Yes Bank. GPL Finance and Investments, White Oak’s subsidiary, received approval from SEBI to acquire Yes Asset Management fro...

Reliance Industries to open Jio Drive-in theatre, Bay Club at JWD

Jio World Drive (JWD), the premium retail mall of Reliance Industries, has reportedly planned to launch Jio Drive-In, the first rooftop, open-air theatre in Mumbai at the Bandra Kurla Complex. This announcement comes as JWD launches a variety of inge...

Zepto raises USD 60 Mn in early-stage round led by Glade Brook Capital

Zepto, a ten-minute grocery delivery app operated by Kiranakart Technologies Pvt Ltd, has reportedly secured funding of USD 60 million (approximately Rs 444 crore) in an early-stage round initiated by Glade Brook Capital, at a valuation of USD 225 mi...

Wavemaker Impact launches to incubate climate technology startups

Singapore-based firm Wavemaker Partners has reportedly launched Wavemaker Impact, a venture developer that recognizes business opportunities, finds experienced entrepreneurs to convert these ideas into startups, and acts as a co-founder as firms grow...

Keysight to partner with FSMLabs to offer TimeKeeper platform

Keysight Technologies Inc. has reportedly collaborated with FSMLabs to offer TimeKeeper, a platform that delivers enterprise-class time distribution, clock synchronization, and monitoring to extend management and monitoring of time-critical devices, ...

Zolve raises USD 40 Million in a Series A round led by DST Global

Neobanking startup Zolve has reportedly raised USD 40 million in a Series A round led by DST Global. Alkeon Capital, Tiger Global, and current investors Accel and Lightspeed Venture Partners also participated in the funding round. The financing round...

PayPal scraps plans to buy Pinterest, causes slump in shares

PayPal Holdings Inc. has reportedly claimed that it is not purchasing Pinterest, which resulted in the digital pinboard site’s shares falling by 10% to USD 52.50. According to reports, PayPal was mulling the acquisition of Pinterest for as much...

Livspace partners with Alsulaiman Group to expand MENA operations

Livspace, an interior and home décor platform, has reportedly tied up with Alsulaiman Group, a retail conglomerate based in Saudi Arabia, to expand its business in the Middle East and jointly invest USD 50 million to expedite growth. Anuj Sriv...

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...

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About Author : Pankaj Singh

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