About Author : Pankaj Singh

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...

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...

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About Author : Pankaj Singh

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