Pankaj Singh Develops content for Algosonline, Market Size Forecasters, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With experience in technical and niche writing, he was encouraged to opt for a career in content writing and now pens down articles pertaining to market research, industry news and business trends.
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...
Read MoreBerlin-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 ...
Read MoreMiraval 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...
Read MoreEdtech 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...
Read MoreAMG 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...
Read MoreSwiggy, 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...
Read MoreElectric 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...
Read MoreMoneyMatch, 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...
Read MoreWidjaja 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...
Read MoreKarnataka 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 ...
Read MoreThe 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...
Read MoreKraken 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...
Read MoreNykaa, 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...
Read MorePetMed 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...
Read MoreThe 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...
Read MoreSequoia 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...
Read MoreFIDCAR, 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...
Read MoreCornerstone 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...
Read MoreReadySet, 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...
Read MorePVR 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...
Read MoreGlobal 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...
Read MoreCitibank, 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...
Read MoreUK 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...
Read MoreYuga 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...
Read MoreNatWest 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...
Read MoreSony 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 ...
Read MoreLeading 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...
Read MoreOnline 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...
Read MorePIMCO 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...
Read MoreReliance 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...
Read MoreHolly 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...
Read MoreEgypt-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...
Read MoreMakers 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 ...
Read MoreSchlumberger 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 ...
Read MoreFarmers 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 ...
Read MoreUK 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...
Read MoreHCmed 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...
Read MoreOcado, 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...
Read MoreTrainual, 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 ...
Read MoreExxon 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...
Read MoreNuvaxovid, 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...
Read MoreBiocon 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...
Read MoreIBM 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...
Read MoreNissha 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...
Read MoreMarks & 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...
Read MoreAddison 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...
Read MoreAshok 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...
Read MoreOTA 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...
Read MoreCheck, 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 ...
Read MoreAurora, 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...
Read MoreTaxfyle, 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...
Read MoreReliance 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&...
Read MoreBacardi, 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...
Read MoreLeading 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...
Read MoreThe 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...
Read MoreMerz 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...
Read MoreJoby 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,...
Read MoreThe 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...
Read MoreAmerican 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...
Read MoreStreaming 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...
Read MoreThe 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...
Read MoreAustralia-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...
Read MorePaytm 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...
Read MoreItalian 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...
Read MoreTube 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...
Read MoreBioTalent 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...
Read MoreTerra 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...
Read MoreHonda 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...
Read MoreFord 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...
Read MoreDeHaat, 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. ...
Read MoreMegaport 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...
Read MoreRecykal, 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...
Read MoreLG 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...
Read MorePfizer 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...
Read MoreMedically 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 ...
Read MoreShiprocket, 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...
Read MoreIndian 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...
Read MoreVertical 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,...
Read MoreAT&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...
Read MoreA 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...
Read MoreMaragal 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...
Read MoreKalaari 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...
Read MoreThe 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...
Read MoreIndia 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...
Read MoreArcus 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...
Read Moreams 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...
Read MoreMintra, 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...
Read MoreThe 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...
Read MoreSingapore-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...
Read MorePCI 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...
Read MoreGrofers, 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...
Read MoreReliance 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...
Read MoreSAP 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...
Read More4AIR, 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...
Read MoreButterflyMX, 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...
Read MoreTata 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...
Read MoreHurricane 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...
Read MoreSLC (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...
Read MoreConvenience 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...
Read MorePSA 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...
Read MoreIndia’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...
Read MoreAmerican 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...
Read MoreBigBasket, 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 ...
Read MoreNoBroker, 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...
Read MoreQuickbase 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...
Read MoreFood 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...
Read MoreVMware 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...
Read MoreTata 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...
Read MoreVirtuoso 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...
Read MoreBentley 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...
Read MoreAshok 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...
Read MoreSouth 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...
Read MoreAmple, 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...
Read MoreOracle 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...
Read MoreDomainTools, 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...
Read MoreGoogle.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...
Read MoreAir 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 ...
Read MoreWhite 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...
Read MoreJio 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...
Read MoreZepto, 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...
Read MoreSingapore-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...
Read MoreKeysight 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, ...
Read MoreNeobanking 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...
Read MorePayPal 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...
Read MoreLivspace, 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...
Read MoreFarMart, 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 ...
Read MoreAPI 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...
Read MoreGE 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...
Read MoreIpsen 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 ...
Read MoreDixon 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...
Read MoreNothing, 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...
Read MoreReliance 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...
Read MoreDorel 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...
Read MoreRio 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 ...
Read MoreLubrizol 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...
Read MoreGeneral 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...
Read MoreOla 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...
Read MoreTire 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...
Read MoreSouth 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...
Read MoreFacebook, 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 ...
Read MoreBirla 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...
Read MoreAmerican 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...
Read MoreGlobal 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...
Read MoreCBSE (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...
Read MoreRELX 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...
Read MoreSony 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...
Read MoreAir 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, ...
Read MoreHDFC 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...
Read MoreLeading 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...
Read MoreMonzo, 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...
Read MoreSkill 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, ...
Read MoreThe 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...
Read MoreProspection, 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...
Read MoreJapan-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...
Read MoreThe 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 ...
Read MoreGerman 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...
Read MoreHospitality 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...
Read MoreEdtech 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...
Read MorePrivate 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...
Read MoreDigital 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...
Read MoreDepartmental 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...
Read MoreL&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...
Read MoreThe 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...
Read MoreMinistry 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...
Read MoreInvestment 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...
Read MoreSamsung 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...
Read MoreRTD (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...
Read MoreGMR 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...
Read MoreWaymo 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...
Read MoreUltrahuman 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...
Read MorePostman 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...
Read MoreManitowoc, 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...
Read MoreAutomotive 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...
Read MoreNASA 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...
Read MoreHeads 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...
Read MoreZomato, 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...
Read MoreBarings 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...
Read MoreCoinDCX, 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...
Read MoreInvestment 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...
Read MoreReliance 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 ...
Read MoreIndia-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...
Read MoreIndian 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...
Read MoreOil 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...
Read MoreDelhivery, 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...
Read MoreAshok 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...
Read MoreVir 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...
Read MoreGrofers, 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...
Read MoreBDR 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...
Read MoreHDFC 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 ...
Read MoreIBM 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...
Read MoreWith 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...
Read MoreWorld’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...
Read MoreSamsung 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...
Read MoreSpecialty chemicals manufacturer, Rossari Biotech Ltd., has reportedly declared the acquisition of Tristar Intermediates for a stipulated value of Rs. 120 crore. This acquisition was approved by the company’s board and will help Rossari to w...
Read MoreReliance Industries has reportedly planned to take control of JustDial, a local platform for business listings. The agreement could be secured at a price of around USD 800 million to USD 900 million. Currently, JustDial is valued at around Rs. 6,9...
Read MoreMastercard has reportedly been barred indefinitely by the Reserve Bank of India (RBI) from issuing new credit, debit, or prepaid cards to customers. This ban has been raised owing to Mastercard’s non-compliance with local data storage rules. ...
Read MoreMaruti Suzuki India Ltd. has reportedly announced that it has hiked prices of Swift and all CNG variants owing to increasing input costs. The price hike, which is set to be about INR 15,000 for these models, was put into effect from July 12. The c...
Read MoreFlipkart, the Indian e-commerce company, reportedly raised fresh funds of USD 3.6 billion from global investors. This includes private equity, sovereign funds, and financial assistance from Walmart, Flipkart’s parent company. GIC, a Singapor...
Read MoreEaseMyTrip, an online travel solutions provider, is reportedly aiming for 100 percent growth in 2021. This comes along the heels of a gradual demand recovery for tourism in India. The Chief Executive Officer and Co-Founder of EaseMyTrip, Nishant P...
Read MoreHospitals in the U.K. are reportedly being forced to cancel operations, like cancer surgeries, with a surging number of COVID-19 patients and loss of hospital staff due to self-isolation. Leeds Teaching Hospitals, one of the biggest NHS trusts in ...
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