About Author : Saipriya Iyer

Innovations in surveillance system—a growth enabler in air traffic management

Transforming air traffic management into a more interoperable, automated, modular and scalable system will potentially reap rewards from developments in virtualization and digital technologies. Seamless high-performing airport operations, advanced ai...

BeiGene Announces approval for its three oncology products in China

BeiGene Ltd., one of the leading Chinese commercial-stage biotechnology firms focused on commercializing and developing innovative medicines, has reportedly announced that it has received approval from the NHSA (China National Healthcare Security Adm...

L&T to hire 1,100 Graduate & Post Graduate Engineer Trainees in 2021

Larsen & Toubro (L&T), a construction engineering company, has reportedly announced plans to recruit over 1,100 graduate & post-graduate trainees in 2021. This pool of talent will then be deployed for construction management, project mana...

Goldman Sachs, NightDragon, & ClearSky Security acquire White Ops

White Ops has recently announced its acquisition by NightDragon, ClearSky Security, and Goldman Sachs Merchant Banking Division, collectively known as Sponsors. The Sponsors have acquired this cybersecurity company from previous investors namely Grot...

Group Nine Media forms SPAC to raise funds from public markets

Group Nine Media, a digital media holding company, has reportedly formed an SPAC with an aim to raise funds from the public markets. Sources familiar with the matter have stated that Group Nine is creating a SPAC with an objective to drive asset a...

Entegris makes $200M investment in manufacturing facility in Taiwan

Entegris, Inc., a leading advanced materials & process solutions provider, has recently announced an investment of nearly $200 million in a manufacturing facility in Taiwan. The new initiative will allow the company to expand its footprint in the...

WhatsApp announces plans to launch calling support to web version

The social media giant Facebook Inc. has reportedly announced plans to integrate a new feature into WhatsApp that will enable users to make audio and video calls on its desktop version. The instant messaging app has been working on this new feature f...

WhatsApp India announces plans to launch insurance products by 2020

WhatsApp Inc, the world’s leading instant messaging social media platform, has reportedly announced plans to roll out pension products and micro-insurance products in India by end of 2020. Sources cite that WhatsApp will collaborate with SBI...

Faraday Future & Philips to join hands in Joint Development Agreement

The agreement marks a working collaboration between the companies, aimed at developing and displaying health and wellness features in future automobiles The collaboration indicates Faraday’s founding vision of creating an innovation- &...

Crestbridge acquires Ovation Fund to strengthen service offerings

The Crestbridge Limited, a U.S-based firm providing a comprehensive range of outsourced fiduciary, accounting, administrative, and compliance services, has reportedly announced the acquisition of Ovation Fund Services. The acquisition has significant...

BevCanna to acquire all issued and outstanding securities of Naturo

BevCanna Enterprises Inc., a cannabinoid-infused beverage manufacturer, has recently entered a definitive agreement with privately-held Naturo Group. Under the agreement, the company will acquire all Naturo’s issued & outstanding securities...

Ecoppia signs 450-MW project with solar energy firm, Azure Power

Ecoppia, a PV solar panel cleaning solution developer, has recently announced the signing of a 450-MW project with a solar energy player, Azure Power. This project has currently reached the advanced stages and is scheduled to become operational at th...

Covetrus announces separation from former parent firm Henry Schein

Covetrus, the U.S-based leading firm offering animal-health technology and services, has reportedly announced that it has exited all 72 transitional services agreements with its former parent firm Henry Schein Inc. The final departure marked a pivota...

Oyo lays off 600-800 more employees in its move to revenue-sharing model

Hospitality firm Oyo has reportedly laid off another 600-800 employees as it prepares for a move towards a leaner business model. Sources familiar with the matter have claimed that most of the workers are from the operations and renovation department...

Blue Origin announces plans to send the first woman to Moon’s surface

Amazon founder Jeff Bezos is looking to taking one major leap for womankind. The billionaire has reportedly announced that his spaceflight services company Blue Origin LLC will carry the world’s first women to the moon. Mr. Bezos made the an...

GOL becomes first airline to resume Boeing 737 MAX operation

Brazil’s GOL Linhas Aéreas Inteligentes S.A. has reportedly become the first carrier in the world to resume commercial flights with the Boeing 737 MAX. Starting from December 9, the airline’s first MAX flight will resume operation ...

Jefferies-KB Securities ink co-brand alliance to offer equity services

Jefferies Group LLC, an investment banking company, and KB Securities, the largest Investment Bank in South Korea, have recently entered a co-brand alliance to conduct equity research, sales, & trading in South Korea. Under the latest deal, th...

Nissan launches a new platform to offer virtual showroom experience

Starting from December 1, Canadian people have an exclusive opportunity to discover Nissan’s latest cars from the comfort of their home, office, or anywhere else with a new virtual experience platform named ‘Nissan Studio’. Whether ...

AWS introduces its next-gen custom chip to train ML models, Trainium

Amazon subsidiary AWS recently introduced a new custom chip for training machine learning models, dubbed AWS Trainium. According to the company, the next-gen chip, launched at the re:Invent developer conference, is designed to deliver better performa...

MidOcean Partners announces acquisition of FullSpeed Automotive

MidOcean Partners, the U.S-based private equity organization focused on leveraged buyouts, growth capital investment, and recapitalizations in middle-market companies, has reportedly acquired Denver-based FullSpeed Automotive from CenterOak Partners....

Paytm Money launches new feature for IPO investments in India

Paytm Money, an Indian e-Commerce payment system, has reportedly forayed into the broking sector through the launch of IPO investments on its platform. Under the latest feature, the retail investors will be able to apply for investments in IPOs (Init...

Dr. Reddy’s & Glenmark ink agreement to acquire anti-allergy brands

Dr. Reddy’s Laboratories, a Hyderabad-based pharmaceutical company, and Glenmark Pharmaceuticals have reportedly inked a contract. This pact is regarding the acquisition of the select anti-allergy brands of Glenmark in Uzbekistan, Kazakhstan, U...

Fitbit appoints JMDC as exclusive Fitbit premium distributor in Japan

Fitbit, a renowned American consumer electronics and fitness company, has reportedly announced that JMDC would now be the exclusive distributor of Fitbit premium for its enterprise customers throughout Japan. Since 2016, JMDC, which holds the mant...

Canada invests $100,000 in mobile Electric Vehicle Discovery Center

The Canadian Government’s commitment towards creating a sustainable, clean energy future that would strengthen its economy, create new jobs, and support its natural resource sectors was reflected recently when the Minister of Natural Resources ...

NWA invests in dustless sanding tool to drive customer satisfaction

NWA Hogs Painting, a professional painting company in Arkansas, has reportedly announced its investment in a new dustless sanding tool. NWA Hogs is among the few companies in the state that produce this type of tool. The product delivers a cleaner pa...

The U.S. gains support from 49 countries for Clean Network initiative

The U.S. has reportedly announced support from 49 countries, representing 2/3rd of the global economic output, for its ‘Clean Network’ initiative. People with knowledge of the matter have stated that the recent initiative is aimed at limi...

Lightbox opens $94M jewelry manufacturing facility in the U.S.

Lightbox, an innovative producer of consumers fashion jewelry, has reportedly opened an advanced manufacturing facility worth $94 million in Gresham, Oregon. Following the successful completion of the facility construction on the 60...

Google to manufacture new Pixel & Nest products with recycled material

Google, an American technology company, has reportedly announced its new innovation where its Pixel & Nest products will be manufactured using recycled material. The move implies that Pixel 4a, Pixel 5 smartphones, and the newly launched 2nd-gene...

Google, Temasek announce joint investment of $350 mn in Tokopedia

Google and Temasek to form an agreement for investing a whopping share in Indonesian e-commerce giant-Tokopedia. The deal is yet to reach a final formal conclusion. Ever since COVID-19 pandemic hit the world, brick and mortar stor...

Quibi to shut down barely 6 months after streaming service launch

Quibi Holdings LLC, a media company, is reportedly shutting down its operations, just 6 months after the launch of a streaming service by the company. The streaming service, which was launched in April, served up shows in the format of 5 to 10-min...

Jio partners with Qualcomm to test & develop 5G radio access network

Jio Platforms, an Indian digital service company, has recently announced the testing and development of a 5G RAN (radio access network). This 5G RAN can transfer data at the rate of more than 1-GB per second. As per the statement made by Mathew Oo...

Deutsche-SPL test 4G voice & data connectivity at stratosphere edge

Deutsche Telekom and Stratospheric Platforms Limited (SPL) have reportedly conducted the world’s 1st successful 4G voice & data connectivity demonstration. The demonstration has been made by flying at the stratosphere edge and fully integra...

Hyundai reviews plans to expand voluntary recall of Kona Electric

Hyundai Motor Co. is reportedly reviewing plans to expand its Kona EV (electric vehicle) recall across the globe. The step has been taken by the automotive manufacturer following several reports of batteries catching fire. As per the statement mad...

Walmart & Flipkart invest in India’s supply chain platform, Ninjacart

Walmart and Flipkart, the e-Commerce giants, have reportedly announced an investment in Ninjacart, a tech-driven supply chain platform. Walmart is a multinational retail corporation, operating a chain of grocery stores, discount department stores,...

China launches Gaofen-13 on Long March 3B into geostationary orbit

China has recently launched Gaofen-13 into a geostationary orbit, onboard the country’s orbital launch vehicle, Long March 3B, from Xichang. Following an hour after the launch of the Gaofen-13 satellite, the China Aerospace Science & Tec...

India approves incentives to drive domestic smartphone production

The Indian government has recently announced the approval of incentives under a federal plan to significantly boost the production of smartphones in the country. Under this initiative taken by the Government of India, 16 smartphone companies, incl...

LetsGetChecked-American Airlines unite to offer pre-flight COVID test

LetsGetChecked, an Irish at-home testing company, has reportedly selected American Airlines as a partner for its pre-flight COVID-19 testing program. The partnership has been entered to significantly help kickstart international tourism and travel. ...

Disney lays off 28K employees from theme park business amid pandemic

The Walt Disney Company, a mass media & entertainment conglomerate, has recently laid off 28,000 employees from the theme park business. The huge job-cut plan has been initiated due to the massive economic downturn posed by limited attendance ...

Kiadis and GCRBC team up to offer universal donor starting material

Kiadis Pharma, a renowned Dutch pharmaceutical company that makes NK cell based medicines to treat critical life threatening diseases, and the GCRBC (Gulf Coast Regional Blood Center), a US based blood components supplier to more than 170 healthcare ...

OYA Solar clinches financing worth $35 million from NY Bank

OYA Solar, a leading solar development company, has reportedly announced that it has closed a $35 million construction and interconnection funding from state-sponsored financial entity and division of NYSERDA, NY Green Bank. The financing wo...

Fintech firm TrueLayer raises $25 million in Series C financing round

TrueLayer, a UK-based financial API provider, has recently raised a Series C financing round worth $25 million. The latest investment will take the total funding amount secured by the company to $72 million. Headquartered in London, United Kingdom...

CoinEx to list OneSwap’s ONES token worldwide and launch ITO event

CoinEx, a leading cryptocurrency exchange service company, has reportedly announced that it would be listing the OneSwap ONES token, the first company to do so. The enterprise also unveiled the ITO (Initial Trade Offering) event subsequently. OneS...

The Chainsmokers closes Mantis with $35M in capital commitments

The Chainsmokers, an American electronic DJ & production duo consisting of Drew Taggart and Alex Pall, has reportedly closed Mantis, a debut venture fund, with $35 million. The production duo has a few major-league believers such as Ron Conway...

GM explores options to develop flying cars & enter related markets

General Motors, an American vehicle manufacturer, is reportedly exploring options to enter the aerial taxi market via the development of ‘flying cars’. This is a part of the automaker’s strategy to drive business growth in the relat...

YouTube announces initial launch of YouTube Shorts in India

YouTube, a video-sharing company, has recently announced the launch of YouTube Shorts, a short-form video experience service. The new feature will initially be launched in India in the next few days, with an aim to considerably expand access and i...

Reliance Industries raises $30Bn via stock sales to aid expansion plan

Reliance Industries Limited (RIL), a multinational conglomerate, has reportedly raised above $30 billion (?2.2 lakh crore) via stock sales. Reports suggest that the company is expected to go on a shopping spree as several businesses are extremely ...

AB Science to Present Phase 2B/3 AB07002 Study Results in PPMS & nSPMS

AB Science SA, a France-based pharmaceutical company, announced that conceptual reporting results from its Phase 2B/3 AB07002 study in primary progressive multiple sclerosis (PPMS) and non-active secondary progressive multiple sclerosis (nSPMS) has b...

MediaWorks inks deal to sell free-to-air TV business to Discovery

Broadcaster MediaWorks, a television, radio, & interactive media company, and Discovery Inc, a media giant, have reportedly reached a binding agreement. The agreement is related to the sale of the free-to-air TV business of MediaWorks to Discover...

Dunzo to raise $28M funds from Lightstone, Google & other 5 investors

Dunzo, an Indian delivery service provider, is reportedly planning to raise nearly $28 million, as a part of its Series E funding round. As per reliable sources, the recent fundraising event was led by investors namely Lightstone Fund S.A and Goog...

Reliance Retail enters $3.38Bn deal to acquire Future Group’s stores

Reliance Retail Ventures, a subsidiary of Reliance Industries, has reportedly announced the acquisition of above 1,700 stores owned and operated by a retail company, Future Group. The ?247.13 billion ($3.38 billion) takeover deal also inclu...

Neuralink tests next-generation chip via implantation in pig brain

Neuralink, a neurotechnology company, has reportedly announced a mission to develop the next-gen brain implants that connect machines to the human brain. The latest computer chip developed by the neurotechnology company has been demonstrated in a pig...

Pulsar to develop new product lines with funding from HSBC UK

Pulsar, a personal protective equipment manufacturer, has reportedly secured a new funding from HSBC UK via Coronavirus Business Interruption Loan Scheme. This new funding will support the continuity of the company’s operations as well as the d...

Apple becomes 1st U.S. company to hit market cap of $2 trillion

Multinational technology giant, Apple, has recently hit a $2 trillion market capitalization, becoming the 1st publicly traded company in the U.S. to reach this milestone. The recent market cap is double in valuation in a period of nearly 2 years. ...

TEC-Anytime Mailbox ink partnership to offer digital mailbox solutions

The Executive Centre has reportedly announced a partnership deal with a software platform solution provider, Anytime Mailbox. The collaboration has been signed by The Executive Centre (TEC) to enter the digital mailbox business as well as develop ...

KHCB launches ‘Cashback’ offer on purchases for credit card holders

Khaleeji Commercial Bank, a leading Islamic banking company in the Kingdom of Bahrain, has recently announced the launch of a ‘Cashback’ campaign for its credit card holders. Under this new plan, the clients will gain a 1% cashback on the...

Texas court orders Apple to pay $500M for 4G patent infringements

A court in Texas has reportedly ordered Apple, a multinational technology company, to pay over $500 million (around ?3,742 crores). This $500 million fine is related to the damages & interest for 4G patent infringements held by PanOptis, an intel...

Chi-Med gains scientific advice & plans to submit MAA for surufatinib

Hutchison China MediTech Ltd. (Chi-Med) has recently received scientific advice from the EMA (European Medicines Agency’s) CHMP (Committee for Medicinal Products for Human Use). This scientific advice is related to surufatinib, an angio-immuno ...

IndusInd bank acquires 7% stake in McLeod Russel & Eveready Industries

IndusInd bank has reportedly acquired more than a 7% stake in McLeod Russel India and Eveready Industries India by invoking the pledged shares. This Indian commercial bank, which has been offering transactional, commercial, and electronic banking ser...

EU regulators open in-depth investigation of Google-Fitbit deal

EU (European Union) regulators have recently opened an in-depth investigation of the acquisition deal announced by Google for Fitbit, a fitness tracking device maker. The executive commission of the EU has stated that the acquisition of Fitbit by ...

Russia to produce COVID-19 vaccine & launch millions of doses by 2021

Russia has recently announced its target to start the mass production of a COVID-19 vaccine in September and increase the number to several million doses per month by 2021. The head of the fund which finances the clinical trials, Russian Direct Inves...

SII receives DCGI approval to conduct Phase 2,3 COVISHIELD trials

SII (Serum Institute of India) has reportedly gained the approval of the DCGI (Drugs Controller General of India) to conduct the Phase 2, 3 COVID-19 vaccine trials. The vaccine, COVISHIELD, has been developed by Oxford University, in collaboration wi...

Bandhan Financial to sell shares worth $1.4 billion via block trades

Bandhan Financial Holdings, the stock promoter of Bandhan Bank, will reportedly be selling shares worth $1.4 billion or ?10,500 crore, via block trades on stock exchanges. The deal has been planned to lower the stock promoter’s shareholding in ...

Tesla to start licensing software and supplying powertrains/batteries

Tesla, Inc., an EV & clean energy company, is currently open to licensing software and supplying powertrains & batteries to other automakers that are struggling to manufacture electric cars. The company is anticipated to attract new automaker...

Tencent offers to purchase Sogou for $2B in going-private transaction

Tencent, a Chinese technology giant, has reportedly offered to purchase Sogou, a search engine, in an agreement worth nearly $2 billion (over ?14,969 crore). The deal has led to an increase in Sogou’s shares by 48% in New York. Sohu.com., a ...

Equifax to gain customized intelligence with acquisition of Ansonia

Fintech firm Equifax has reportedly acquired a leading credit reporting company, Ansonia Credit Data. The financial terms of the agreement are yet to be disclosed. As per the terms of the purchase deal, the credit reporting company will be combine...

ABC acquires fitness sales management tools provider, GymSales

ABC Financial, a leading technology and related service provider, has recently announced its acquisition of a fitness sales management tools provider, GymSales. The acquisition will amplify the company’s strategy to become a holistic club manag...

LG Chem-SolarEdge join forces to offer full home power backup solution

LG Chem has reportedly collaborated with a photovoltaics company, SolarEdge Technologies, to bring the LG RESU10H (9.8kWh, 400V) battery that is compatible with SolarEdge inverters. The homeowners can power their home via a cost-effective and reli...

AIIMS Ethics Committee approves Covaxin trial against COVID-19

AIIMS Ethics Committee has recently approved the clinical trial of Covaxin, India’s indigenously developed vaccine in the fight against the COVID-19 disease. The premier hospital is expected to start enrolling patients or volunteers from 20th J...

Google to invest $4.5B in Jio to serve rising internet users in India

Google, a multinational technology giant, is planning to invest $4.5 billion in Jio Platforms, a subsidiary of Reliance Industries Limited (RIL). Through this investment, Google will join the list of global investors, which includes Facebook, that ar...

Abacus’s commercial deep learning service goes live, raises $13M

Abacus, a San Francisco-based AI startup, has recently announced that its commercial deep learning service has gone live, with 1-800-Flowers and other customers. Additionally, the company has raised $13 million in Series A funding round, led by Index...

UK government announces GBP 40M investment support for AMR development

The UK government has reportedly announced an investment support of GBP 40 million for the development of small modular reactors (SMRs) and advanced modular reactors (AMRs). As per a government-commissioned report, it is recommended that UK’s n...

China Everbright & Terminus Technologies launch ‘CEL AI Economy Fund’

China Everbright Ltd. and Terminus Technologies have recently announced the joint launch of the ‘CEL AI Economy Fund’ to raise ¥10 billion. So far in Phase 1, the institutional investors have invested over ¥7 billion. The launc...

Groupe ADP invests $683M to purchase 49% stake in GMR Airports

Groupe ADP has reportedly invested ?4,565 crore ($683 million) in the 2nd tranche of investment to conclude the deal and purchase a 49% share in GMR Airports Limited. In the 1st tranche of investment made on 26th February, the company has infused ?5,...

Clean Streak inks acquisition & partnership deals to expand footprint

Clean Streak Ventures has reportedly acquired Top Dog Express Car Wash & Oil Change and announced its partnership agreement with Clean Machine Car Wash. Additionally, the company has reportedly announced the acquisition of 3 locations of Blue Wat...

Intel plans to make $253M investment to obtain 0.39% stake in Jio

Intel Capital Corporation is reportedly planning to invest $253 million to obtain a 0.39% stake in the largest mobile network operator in India, Jio Platforms. Intel will become the 11th financial services company to make investments in Reliance Indu...

Atlas signs large-scale PPA for Jacaranda PV solar plant with Dow

Atlas Renewable Energy has reportedly inked a large-scale PPA (power purchase agreement) with Dow, a multinational chemical corporation. This PPA has been signed by the two companies for the Jacaranda photovoltaic solar facility in Juazeiro, Bah&iacu...

DSM partially acquires Clariant’s AM material business portfolio

DSM, a Dutch multinational corporation, has reportedly acquired a portion of a Swiss specialty chemicals company, Clariant’s AM (additive manufacturing) material business. This partial takeover will enable DSM to cater to the rapid product d...

Iterum announces topline results from SURE1 trial for uUTI patients

Iterum Therapeutics plc, a pharmaceutical company, has recently announced the topline results from the SURE1 (Sulopenem for Resistant Enterobacteriaceae) clinical trial. This clinical trial has been conducted for the treatment of uUTI (Uncomplicated ...

Regional Express intends to operate limited domestic jets in 2021

Regional Express (REX), an Australian airline, has reportedly announced its intention to operate limited domestic jets in 2021. According to John Sharp, Deputy Chairman of Rex, the plan will serve as an incremental extension for the airline to sta...

KKR acquires 11.9% stake for $192.2M in Philippines-based First Gen

KKR & Co, a global investment firm, has recently acquired nearly 11.9% stake in First Gen Corp., a power developer in the Philippines, for $192.2 million. The stake acquisition will involve First Gen’s 427 million common shares and be carri...

Apple acquires device management software startup, Fleetsmith

Apple, a multinational technology company, has reportedly acquired Fleetsmith, the startup that automates Apple device management. In addition to this San Francisco-based startup, several other companies namely Jamf, Mosyle, and Addigy have develo...

Scout-Suplari ink partnership to offer AI-driven insights to customers

Scout RFP, a cloud-based strategic sourcing & procurement solutions provider, has recently announced a new partnership with the AI-driven analytics & insights platform, Suplari. Under the partnership deal, joint customers can integrate visibi...

Facebook to discontinue sale of entry-level VR headset, Oculus Go

Facebook, a social media company, has reportedly announced that it will pull Oculus Go, the entry-level VR headset, off the market. Recently, Facebook has lowered the price of this VR headset, which was launched 2 years back, to $149 (nearly ?11,3...

IMBCAMS reveals Phase 2 clinical trial of COVID-19 vaccine in China

The IMB (Institute of Medical Biology) at the CAMS (Chinese Academy of Medical Sciences) has recently stated that Chinese researchers have started the Phase 2 COVID-19 vaccine trial. The 2nd phase of this potential coronavirus vaccine has been commen...

UC & University of Cincinnati to host Phase 3 COVID-19 vaccine trial

UC Health and the University of Cincinnati are reportedly planning to initiate a Phase 3 clinical study of the COVID-19 vaccine, mRNA-1273. This front-runner vaccine has been developed by the collaborators at Moderna and the NIAID (National Institute...

Google boots The Federalist & ZeroHedge for publishing racist content

Google, a multinational technology company, is reportedly booting its online website, The Federalist, for publishing discriminatory content related to the ongoing protests over police violence. Sources familiar with the matter have stated that The...

Facebook DFDC model achieves 65.18% precision to detect forged videos

Facebook, the social media company, has reportedly announced the results from its DFDC (Deepfake Detection Challenge), where the highest-performing model has achieved a 65.18% average precision. The Deepfake Detection Challenge was created as a mo...

Piaggio launches e-Commerce platform for Vespa & Aprilia brands

Piaggio India, a motor vehicle producer, has recently launched an e-Commerce platform for its Vespa and Aprilia brands with 2 exclusive online stores. This online sales channel will significantly help cater to more customers, while ensuring regulator...

Nintendo reveals major privacy breach of 140k additional accounts

Nintendo, a Japan-based consumer electronics & video game company, has recently updated a notice on a major privacy breach. On top of the 160,000 accounts being compromised during the initial hack in April, 140,000 additional accounts are expecte...

Sterling and Wilson Solar commissions 1st solar PV project in Oman

Sterling and Wilson Solar (SWSL), a leading provider of EPC solutions and unit of construction group Shapoorji Pallonji, has successfully commissioned the development of the Amin Solar PV project in Oman. This has created a major landmark for the com...

Rent-A-Center announces executive leadership changes to drive success

Rent-A-Center, Inc. has recently announced changes in executive leadership to ensure the long-term success of the company. According to Mitch Fadel, Rent-A-Center’s CEO, the company has established its ability to rapidly execute, innovate, a...

Facebook invests in Gojek to drive financial inclusion & businesses

Facebook has reportedly invested in Gojek, a ride-hailing & food delivery company in Indonesia, with an undisclosed sum. Matt Idema, chief operating officer of WhatsApp, has stated that the two companies share the goal of driving the financial...

Chinese manufacturers slash prices as COVID-19 pandemic curbs demand

Leading Chinese manufacturers in the solar power supply chain, are reportedly being forced to reduce the prices as COVID-19 pandemic leads to the disruptions of the energy projects. The prices of wafers, cells, and other components have been slash...

Oncodesign-HitGen announce strategic partnership in IDD Services

Oncodesign has recently announced the commencement of its strategic alliance with HitGen in IDD (Integrated Drug Discovery) Services. The alliance has been formed for the progression and identification of new drug entities, including the discovery an...

Coalition raises $90M Series C round led by Valor Equity Partners

Coalition, the cyber insurance & security leader, has recently announced that it has raised Series C funding worth $90 million. Valor Equity Partners led this funding round, with participation from Greyhound Capital, Felicis Ventures, and existin...

VFMCRP- ChemoCentryx announce topline data from Phase 2 LUMINA-1 trial

VFMCRP (Vifor Fresenius Medical Care Renal Pharma) & ChemoCentryx, Inc. have recently announced the topline data from its 46 patient Phase 2 dose-ranging trial. The trial has been conducted for the orphan kidney disease, primary FSGS (Focal Segme...

Novocure-Zai announce MAA approval for Optune to treat GBM patients

Novocure and Zai Lab Ltd. have recently announced the MAA (Marketing Authorization Application) approval from the China NMPA (National Medical Products Administration). The approval has been given for the use of Optune, in combination with temozolomi...

AWS announces launch of ML-powered search tool, Amazon Kendra

Amazon Web Services has recently announced the launch of an enterprise search tool, Amazon Kendra, which is powered by ML (machine learning). The company stated that the tool will cater to natural language queries by providing high-quality results...

Melody acquires 90% of wireless tower business from Uniti Group

Melody Investment Advisors has recently announced the acquisition of 90% of the wireless tower business Uniti Towers, from Uniti Group Inc., a real estate investment trust. The purchase deal amounts to nearly $220 million in cash, as well as ...

Facebook employees will have the option to work from home till 2021

Facebook owner, Mark Zuckerberg has recently made an announcement that the majority of the company employees shall be given permission to work from home throughout the end of 2020. With a significant organization taking this step, it can be a clear i...

Government launches Care Workforce app to support social care workers

The Care Workforce app has reportedly been launched by the UK government, developed in collaboration with the NHSX and NHSBSA. The app will assist nurses and other social care workforces by offering support and valuable information to ensure their...

California sues Lyft and Uber for classifying drivers as contractors

California, a western U.S. state, is reportedly suing Lyft and Uber for classifying the drivers as contractors rather than employees. The lawsuit is a part of the new state law that aims at giving more labor protections to gig workers, such as access...

NASA astronauts set for Demo-2 mission on Falcon 9 rocket to ISS

Doug Hurley and Bob Behnken, NASA astronauts, are set for a Demo-2 mission, on a SpaceX Falcon 9 rocket in Crew Dragon capsule, which will be launched on 27th May from the Kennedy Space Center. The launch of this rocket at 4:32 p.m. ET will create hi...

Google under the eye of Department of Justice over Fitbit acquisition

Google had made an announcement in the previous year regarding its efforts to acquire Fitbit, which has now been put under scrutiny by the Department of Justice. If the acquisition is completed the $2.1 billion purchase will be considered the largest...

WhatsApp records 70% drop in forwards after imposing restrictions

WhatsApp, a messaging and Voice over IP service, has reportedly registered a decline in forwarded messages by 70%. This can be attributed to the messaging app as it imposed new restrictions regarding the sharing of COVID-19 related information and cl...

Apple-Google add new security features to contact tracing technology

Tech giants, Apple & Google, are reportedly adding new security features to the contact tracing technology that was developed to inform people who may have been exposed to the coronavirus. This contact tracing technology has been under develop...

NewLeaf signs share swap agreement to acquire 50% of Levee Street

NewLeaf Brands Inc. has recently signed a share swap agreement to acquire 50% of Levee Street Holdings, LLC for $450,000 cash available for distribution (CAD) in common shares. Levee Street was founded by Greg Kassanoff to infiltrate the alte...

FormFree-Ocrolus tie up for income & employment verification program

FormFree, a leading fintech credit decisioning services provider, has recently announced its partnership with a leading infrastructure company, Ocrolus. Ocrolus ensures 99% accuracy in the documents that it transforms into actionable data. Its Passpo...

U.S. crude oil futures collapse below $0 amid coronavirus crisis

The U.S. crude oil futures have recently dropped below $0 and turned negative for the 1st time in history due to the coronavirus pandemic that has hindered its demand. The price was settled at minus $37.63 per barrel, as traders paid to supply the oi...

Illinois American Water acquires water system in Village of Leonore

Illinois American Water, the largest investor-owned water and wastewater services company, has reportedly announced the acquisition of the water system in the Village of Leonore. The acquisition will increase the number of customers by approximately ...

Microsoft-GE Healthcare unite to launch COVID-19 monitoring software

Microsoft Corporation and GE Healthcare have recently formed a partnership to launch a cloud-based, COVID-19 patient monitoring software platform. This platform will enable healthcare professionals to remotely monitor coronavirus-infected patients. ...

U.S. FDA compels government officials to review antibody tests data

The U.S. FDA (Food and Drug Administration) has reportedly announced that the government scientists will review lab tests data of patients that have antibodies to coronavirus. In mid-March, the FDA loosened its regulatory standards on companies th...

Maruti Suzuki announces 32% decline in vehicles production in March

Maruti Suzuki, an automobile manufacturer, has recently announced a 32% drop in production of vehicles in March amid the 21-day lockdown in India. The nation’s largest carmaker has reportedly stated that it produced a total number of 92,540 ...

Comtech receives $9.1M funding to deliver ongoing sustainment services

Comtech Telecommunications Corp. has recently announced that its Mission-Critical Technologies group has received an order to provide mobile satellite equipment to the United States Army. The order consists of an additional $9.1 million funding on th...

Facebook launches ‘Tuned’ to offer private messaging space for couples

Facebook, an American social media and technology company, has recently launched a new app called ‘Tuned’ for iOS devices, which is aimed at offering private space for couples. The introduction of this new messaging app has been carried o...

Uber plans to list jobs for workers at other companies via Work Hub app

Uber, an American multinational ride-hailing company, is reportedly rolling out a new feature designed for drivers to find new jobs during the coronavirus crisis. Due to the sharp decline of the company’s taxi businesses, it is planning to list...

Samsung’s Lifestyle TV lineup to come with eco-friendly packaging

Samsung Electronics Co. Ltd., one of the leading South Korean electronics companies, has reportedly announced plans to introduce sustainable, eco-friendly packaging across its Lifestyle TV product portfolio, taking a significant step towards lowering...

Hotstar announces availability of Disney+ content for Indian users

The content from Disney+, a subscription video on-demand streaming service, is officially available on Hotstar, an Indian over-the-top streaming service, after a slight delay. Various devices that can get access to the new Disney+ content on the H...

Foxconn announces possible launch of 5G iPhone by Apple in August

Hon Hai Precision Industry Co., Ltd. (Foxconn) has recently announced the possible launch of the latest 5G iPhones in autumn despite disruptions caused by global coronavirus crisis. The company, which has built a successful partnership with Apple,...

Maruti Suzuki sales for March fall 47% as COVID-19 effects loom

Maruti Suzuki Limited has reportedly announced a nearly 47% year-on-year fall in its overall sales during March, recording a sale of 83,792 units. The slump in sales can be attributed to the recent government orders to halt the operations during a na...

Redrock plans to waive license fee of PalmID® for essential businesses

Redrock Biometrics, a leading provider of palm-based biometrics, has recently announced its plan to waive PalmID® license fee to several businesses that are deemed essential. This strategic move, which is expected to last for 1 year or more,...

Medtronic SPYRAL HTN-OFF MED trial meets primary & secondary endpoints

Medtronic plc, a medical tech, services, and solutions company, has recently announced that the SPYRAL HTN-OFF MED Pivotal Trial, has met its primary and secondary endpoints. The Pivotal Trial, which accompanies the SPYRAL HTN-ON MED Trial & SPYR...

Edison donates $1M to California nonprofits for COVID-19 relief

Edison International, a public utility holding company, has recently pledged $1 million to local nonprofit organizations in California. These organizations offer foods, critical services, and other necessities to vulnerable, coronavirus-affected comm...

CFBS-Cleo partner to deliver ERP capabilities through single platform

Clients First Business Solutions and Cleo have recently announced a partnership to cater to the rising customers demand for multi-channel e-Commerce ecosystem integration. The purpose of the partnership will be fulfilled by serving the customers&rsqu...

GameStop updates customer service and store operations in U.S.

GameStop, an electronics retail company, has recently updated its customer service and store operations in the United States, amid the recent coronavirus outbreak. The company will temporarily halt customer access to storefronts, start processing ord...

Lyft to deliver medical supplies & foods amid coronavirus pandemic

Lyft, Inc., an American ride sharing company, is reportedly expanding its operations by including the delivery of medical supplies and food services amid ongoing COVID-19 pandemic. The move of expanding its network of services through its on-demand t...

RealWear integrates Microsoft Teams with Android HMT-1 headsets

RealWear, Inc. has recently announced the integration of Microsoft Teams with its voice-controlled, Android HMT-1 headsets. The company is a manufacturer of hands-free wearable computer devices to bring about digital transformation in the industry. ...

Around raises $5.2M seed funding to bring video meeting to mainstream

Around, a Bay Area Startup, has recently announced a $5.2 million seed funding, led by Initialized Capital and Floodgate, to transform video calling for 21st century workplace. The company’s new video calling service adopts innovative technolog...

CcHUB raises funds to support coronavirus-related projects in Africa

Co-Creation Hub (CcHUB), an African technology-oriented center, is reportedly planning to raise funds and offer engineering supports for technical projects aimed at curbing the spread of COVID-19 disease. This support will help reduce the adverse imp...

Samsung 512GB eUFS 3.1 promises to bring SSD like speed to smartphones

South Korea’s Samsung Electronics recently disclosed plans to mass produce the first 512GB embedded Universal Flash Storage (eUFS) 3.1 for use in flagship smartphones. The new chip apparently crosses the 1GB/s performance threshold in smartp...

CPH plans to cut back operations and postpone projects & investments

Copenhagen Airport (CPH) is reportedly planning to cut back operations in the upcoming period, due to the ongoing health crisis caused by the coronavirus outbreak. The company will also put several large and small projects as well as investment plans...

OptimizeRx launches free COVID-19-related message alert program

OptimizeRx Corp., a provider of unique physician and consumer platforms & strategies, has recently launched a free, interactive text messaging alert program to educate the general public about the COVID-19 outbreak. The digital health company is ...

Google Cloud offers new tools to simplify machine learning workflows

Google Cloud platform recently announced the launch of a new enterprise-grade service, Cloud AI Platform Pipelines that will facilitate developers with a single tool to deploy their ML pipelines, along with tools for monitoring and auditing them. The...

DeepCrawl raises $19M Series B funding led by Five Elms Capital

DeepCrawl, a pioneering technical SEO platform, has recently raised Series B funding worth $19 million, led by Five Elms Capital. The funds will primarily be used for research and development as well as sales & marketing to drive DeepCrawl’...

LiquidX announces partnership with Emirates NBD to expand footprints

LiquidX, an international network for illiquid assets, has reportedly added Emirates NBD, a leading bank in MENAT region, to its network for expanding its geographic presence in the Middle East. The partnership is aimed at leveraging the strong trade...

Starbucks halts customers usage of personal cups over coronavirus fear

Starbucks Corporation, an American coffeehouse chain, has recently announced a temporary suspension regarding the usage of personal refillable cups and tumblers. The coffee chain has reportedly undertaken this move as an initiative to curb the spread...

BMW unveils features of Concept i4, slated to enter production in 2021

Bayerische Motoren Werke AG (BMW), a German multinational automobile company, has recently released details regarding its latest electric concept car, BMW Concept i4. The Concept i4 is slated to enter production by 2021. The introduction of this n...

Wendy’s to offer free Honey Butter Chicken Biscuit to online customers

Wendy’s, an international fast-food chain, has recently introduced a new promotion, offering the Honey Butter Chicken Biscuit for free to customers who order online from its app. This promotion has been offered as a celebration of the recent ro...

UK court of appeal rules Heathrow third runaway expansion plan illegal

Heathrow airport’s third runway expansion plan has recently been declared as illegal by the UK appeals court on environmental grounds. The Paris climate agreement to mitigate greenhouse gas emission has been considered in the ruling, which has ...

Superior Essex unveils revamped website to enhance customer experience

Superior Essex Communications, a manufacturer and supplier of communications cable, has recently announced the launch of its new, totally revamped website. According to Superior Essex Communications’ President, Brad Johnson, the company&rsqu...

UPS set to invest $216M for facility expansion at Memphis airport

United Parcel Service, a package delivery and supply chain management company, is reportedly set to make a $216 million investment for the expansion of its facilities at the Memphis International Airport. The expansion marks the sixth amendment of th...

SMFPT to invest ₹ 55 Cr in new PU foams manufacturing plant at Khurdha

Shree Malani Foams Pvt. Ltd., a leading sleep solutions manufacturer in India, has recently announced plans to start the construction of a PU foam manufacturing facility in Odisha. The company has incorporated the best in technology to emerge as a ma...

Expedia plans to lay off 12% workforce to simplify bloated business

Expedia Group, an online travel shopping company, has recently announced its plan to lay off 3,000 employees, i.e. 12% of its workforce, following the disappointing performance in 2019. Through the strategic lay off, the company is striving to simpli...

Etihad Credit Insurance partners with SFD to support non-oil exports

UAE’s federal export credit firm, Etihad Credit Insurance (ECI) has recently announced that it has inked a partnership deal with Saudi Fund for Development (SFD) for financing and offering credit insurance to safeguard non-oil exports of Saudi ...

Sprint & T-Mobile revise merger deal with an aim to close it by April

T-Mobile, a renowned wireless network operator, and Sprint Corporation, an American telecommunication company, together announced that they have reached a new conclusion for their megamerger deal. This should open ways for both companies to finish...

Uber to close customer-support office in LA & shift base to Manila

Uber Technologies Inc., a multinational ride-hailing company, has recently announced the closing of its Los Angeles office, reportedly laying off nearly 80 employees in the process. Without advance notice, the employees under the company’s cust...

New York gives nod for the $26 billion T-Mobile and Sprint merger

Manhattan’s federal judge has given a green signal to both the firms, allowing them to move forward with this merger. After a yearlong battle against the T-Mobile and Sprint merger, New York’s Attorney General, Letitia James has finall...

TASI-Cassel unite to expand Packaging Integrity segment footprint

TASI Group, a provider of test, measurement, inspection, and assembly, has recently announced the acquisition of Cassel Messtechnik GmbH. TASI and Cassel are customer-service companies that deliver word-class solutions and services to bring about val...

TLC completes enrollment for Phase 2 TLC590 study before schedule

TLC recently announced that the patient enrollment in TLC590’s Part 2 of Phase II clinical trial has been completed earlier than it was originally scheduled, which is being performed at four sites across the United States. For the record, TL...

New Solar Orbiter embarks on 10-year voyage to map sun’s polar regions

A new solar probe jointly built by European and the United States space agencies has recently been set off on a blazing journey towards the sun. The mission was launched to capture an unprecedented view of the sun’s polar regions. The spacecraf...

NURVV raises $9M Series A funding to unveil smart tech NURVV Run

NURVV, a wearable technology and biomechanics startup, has reportedly raised a Series A funding worth $9 million, led by Hiro Capital. The funding was made to launch the company’s debut product NURVV Run, to the global market. The product was r...

Intercontinental acquires Bridge2 to build-out Bakkt’s consumer app

Bakkt, a bitcoin and cryptocurrency platform, has recently added Bridge2 Solutions to its increasing list of offerings for both consumers and merchants. This leading SaaS platform technology company will be acquired by Intercontinental Exchange Inc.,...

LINC acquires R.V. Evans to diversify business across end markets

Center Rock Capital Partners, LP has made an announcement that LINC Systems, its distributor of industrial supplies and fastening solutions, has acquired R.V. Evans Company. R.V. Evans is a fellow packaging distribution and industrial fastener platfo...

Top Hat secures US$55 million from its Series D funding round

The company is planning to expand its higher ed learning platform by improving course materials and digital textbooks. Canadian software company, Top Hat has managed to secure $55 million from its Series D funding round, which was co-led by Inovi...

Jetex announces North Africa’s first VIP terminal launch at Marrakech

Jetex, a Dubai-based general aviation trip support company, has recently announced the inauguration of a new VIP terminal at Morocco’s Marrakech Menara Airport. This flagship Jetex VIP Terminal, the first of its kind in Marrakech, represents a ...

KFC to sell Beyond Meat’s plant-based fried chicken in the U.S.

After years of experimentations, plant-based food products have finally managed to make a place in consumer’s diets. After the success of Burger King’s Impossible Whoppers, various food chains have now decided to jump on the plant-based b...

Sea Limited announces Garena’s acquisition of Phoenix Labs

Sea Ltd. announced that its digital entertainment divisions, Garena has acquired Phoenix Labs, developer of co-op action role-playing game (RPG) Dauntless video game. This is a major acquisition for Garena, the maker of the smash hit f...

Blackstone tops rival bid for Unizo by raising proposed offer by 12%

Blackstone Group, a multinational private equity firm, has recently raised its proposed offer to buy Unizo Holdings, by 12%, i.e. $1.75 billion (191.6 billion yen). With this sweetened proposal worth 5,600 yen per share (hike from previous 5,000 yen ...

Brazil and India ink 15 new deals to expand trade and defense ties

Brazil and India have reportedly inked 15 new agreements on 25th Jan 2020, when India’s Prime Minister, Narendra Modi met with Jair Bolsonaro, the President of Brazil. Through the new contracts, India looks to make new ties with Latin American ...

Helen of Troy announces the completion of its acquisition of Drybar

Helen of Troy Ltd., a renowned US-based developer, and marketer of beauty, health and home products, reportedly announced the completion of acquisition of California based haircare product retailer, Drybar. The company acquired the salon chain for ab...

Flutterwave raises funding of $35 Mn & partners with Worldpay FIS

Flutterwave, a Lagos and San Francisco-based company, has recently raised $35 Mn through a Series B funding round. The company has also announced a partnership with a payment processing company, Worldpay FIS to scale up payment services in Africa. ...

Ontrack unveils new data recovery solutions and PPA member discounts

Ontrack, LLC, a renowned data recovery service provider, has reportedly announced Gold Corporate Member status with PPA (Professional Photographers of America). The members of PPA could now receive special member discounts and benefits provided by On...

Medical imaging firm Nanox raises $26M in a round led by Foxconn

Nanox Imaging, an Israeli medical imaging startup, reportedly announced that it raised $26 million in an investment round, which was led by its strategic investor Foxconn. The total valuation of the company has reached $55 million after this new inve...

Fitbit adds blood oxygen level monitoring feature in some devices

Fitbit- a California based fitness wearables company has reportedly rolled out SpO2 sensors in its devices, enabling users to track their blood oxygen levels. In terms of percentage, between 95% to 100% of blood oxygen level is considered to be norma...

Clarify-Leidos form alliance to enhance analytical insights via careC2

Leidos, a global and FORTUNE® 500 leader in integrating information technology, has recently formed a strategic partnership with Clarify Health Solutions, a leader that delivers advanced health systems and solutions. The main aim behind the merge...

Focal Systems and Connors Group team-up to enhance retail operations

Focal Systems, a leading California based retail automation solutions provider, and Connors Group, a renowned management consultancy that specializes in workforce performance and productivity improvement, have reportedly announced a new partnership t...

Bardot to bring down the shutters on 58 shopping outlets in Australia

Bardot, a fashion retail brand, is planning to downsize some of its outlets in Australia. According to credible reports, the brand aims to shut down its 58 outlets over the next two months. Specifically, about 56 of these outlets are set to be closed...

Krispy Kreme launches new mini doughnuts to its permanent menu

Krispy Kreme, a renowned American Doughnut company, has reportedly introduced mini doughnuts to its permanent menu. These are simply a miniature versions of the company’s four most popular doughnuts. The doughnut company is encouraging the peop...

Aiqudo signs a voice platform supply agreement with BYTON

Aiqudo, a US-based voice technology company, reportedly announced a new collaboration with BYTON, a renowned Chinese electric vehicle brand. Under this agreement, Aiqudo’s Voice AI platform would be used in BYTON’s electric cars. The V...

Allied Wallet China to unveil new technology for frictionless payments

Allied Wallet China, the Chinese division of payment processing giant Allied Wallet, and Andy Khawaja, Founder of Allied Wallet, reportedly announced that the company would introduce a new technology this year that would facilitate more frictionless ...

ONGC pushes forward bidding deadline for its 64 fields till January 3

ONGC (Oil & Natural Gas corporation), an Indian multinational crude and gas corporation, has reportedly extended the deadline date until January 3 to accept bids from private players who are keen in operating its 64 producing fields. Earlier t...

Cox Communications found liable for $1 billion for piracy infringement

A U.S. District Court Jury rewarded some of the biggest names in the music industry a massive amount of $1 billion for the damages caused by Cox Communications, a renowned broadband communications and entertainment company, over piracy infringement. ...

Caltex reverts to Ampol after a contract termination with Chevron

Caltex, a renowned Australian petrol station brand working under Chevron, would now disappear from the region. The brand would be reverting back to its old retail name Ampol as its license agreement with Chevron was terminated. The company reporte...

Chinese government targets tech firms in the app privacy crackdown

The Chinese government on Thursday ordered Chinese tech companies to clean up how they handle user data or be ready to face possible penalties. Chinese tech giant Tencent was also included in the list of companies being targeted. This order is the...

Perfect Day raises $140 Mn in a Series C funding round led by Temasek

Perfect Day, a US-based food technology startup that has innovated new processes of creating dairy products by using casein, reportedly announced that it raised $140 million in a Series C funding round. This investment round was led by Temasek with e...

York Tactical Energy Fund and Bayswater team-up to form a new JV

Bayswater Resources, a renowned Colorado based oil and natural gas firm, and York Tactical Energy Fund, a private investment fund run by York Capital Management investment professionals, have reportedly signed a new agreement to establish a strategic...

FoodMaven raises $15.3 million from Series B funding round

U.S.-based food startup, FoodMaven Corp. has a unique business model that offers imperfect and oversupplied food to foodservice providers and restaurants. Recently, the company announced securing $15.3 million from its Series B funding round. Acco...

Bilfinger secures 3-year blanket agreement contract from TRANSCO

Bilfinger, a global provider of engineering and industrial services, announced that it has secured a multimillion-dollar maintenance contract from Abu Dhabi Transmission & Despatch Company, (TRANSCO). Under the terms of the three-year blanket ...

Vertosa closes $6 million round of seed funding to scale strategically

Vertosa, a renowned California based cannabis as well as hemp infusion technology company, reportedly announced that it has closed a $6 million Series Seed Funding Round which was co-led by the New York based Welcan Capital and California based AFI C...

Halliburton to cut 800 jobs in Oklahoma citing the U.S. shale slowdown

Halliburton, a renowned U.S. based oil field service company, has reportedly sent a notice to the Oklahoma Office of Workforce Development stating that it would be dismissing 800 employees due to slowdown in U.S shale growth. The Oklahoman agency rep...

Bitstop join forces with Simon Malls to install Bitcoin ATMs

Cryptocurrency is increasingly spreading its reach to business verticals worldwide. With Bitcoin ATMs, users can now buy cryptocurrency directly using cash. In a bid to strengthen its position in the cryptocurrency market, Miami-based Bitstop has rep...

HSBC to shift assets worth $20Bn to Digital Vault blockchain platform

HSBC, the renowned British multinational investment bank, is reportedly planning to migrate its assets worth approximately $20 billion to a new blockchain-based custody platform. the company aims to complete the shift by March 2020. By deploying t...

Decibel gathers $17 million from a Series B investment round

Decibel, a renowned UK based digital experience intelligence company, reportedly announced that it raised $17 million in a Series B investment round. Draper Esprit, one of the leading VC firms in Europe led the funding round. The company’s exis...

Mengniu Dairy acquires Lion Dairy & Drinks portfolio for $600Mn

In a move to expand its product offering, China Mengniu Dairy Company Ltd. has recently inked a deal with Australia’s renowned dairy firm Lion Dairy & Drinks to acquire brands like Dare iced coffee and Big M. Reportedly, the move follows Me...

Fingerprint Cards launches new capacitive touch sensor for smartphones

Fingerprint Cards, a renowned Swedish biometrics manufacturer, reportedly announced the launch of its side-mounted capacitive touch sensor to be used for biometric authentication in mobile devices. The new FPC1540 sensor enables a wide array of innov...

WeWork to lay off at least 4000 employees to reach financial stability

WeWork, a renowned US-based commercial real estate firm, is reportedly planning to lay off more than 4,000 employees this month. Through this step, the company is looking to gain financial stability as it continues to pull out all the stops to revers...

Superior Graphite inaugurates new plant in Hopkinsville, Kentucky

In today’s globalized economic world, companies are increasingly looking at establishing new operations to strengthen business growth. This expansion helps offer lucrative market opportunities, new consumers and increased revenue to organizatio...

Banco Inter unveils a one-stop shop application for its clients

The Brazil-based firm has plans to lure more clients with the launch of a new application Banco Inter, a leading digital banking services provider in Brazil recently launched a smartphone application offering clients direct access to more than 60 ...

Fintech startup Digits closes $10.5 Mn Series A investment round

Digits, a US-based digital fintech startup, reportedly announced that it raised $10.5 million in a Series A investment round. The new investment round was led by Benchmark and it has also been backed by 72 angel investors, including CEOs and founders...

IFM buys US-based Buckeye Partners in a $15 billion acquisition deal

With the infrastructure pipeline in its home-base facing the threat of being stymied, primarily due to an increasing skills shortage and strong competition, many of Australia’s investors are looking overseas for better business opportunities. ...

ScanSTAT buys DocFile Systems for expansion of its service offerings

ScanSTAT Technologies, a renowned US-based outsourced ROI (release of information) services provider, reportedly announced the acquisition of DocFile Systems, a US-based medical document filing, and order management company. ScanSTAT offers outsource...

Duffel raises $30M in Series B round to unveil its new travel platform

The travel and tourism industry accounted for over 10 percent of total global economic activity in 2018. However, no improvements have been witnessed in the booking experience for customers in a while. Various travel booking companies are raising inv...

Voxel8 raises funds to boost adoption of its 3D printing technology

The 3D printing market, also known as additive manufacturing, is one of the fastest growing and revenue collecting markets across the globe. Global 3D printing firms are increasingly raising investments to further expand into the sector. ...

CTS presents Intelligent Transport Management Technologies at ITS 2019

The rapidly expanding global population is further leading to rapid urbanization, which has raised many critical issues, including road safety problems and increasing congestion on the road. The growing need for sustainable solutions to tackle these ...

Freshworks looks for a fresh funding round to aim at $3 Bn valuation

As per NASSCOM, India’s software as a service (SaaS) industry is slated to grow 36 percent annually and reach $3.3-$3.4 billion by 2022. Cheaper workforce, mature sales ecosystem, abundant talent and adoption of deeptech technologies are some f...

South Korean startup True Balance raises $23 Mn in Series C funding

While a growing number of firms are contesting for a place in digital payments market of India, away from the country’s metros and tier 2 cities, some payment startups are gradually progressing in the market by advancing their services, for cus...

Energy startup RigUp raises $300 million in Series D investment round

Austin has been witnessing substantial investments in its technology market landscape since 2018. The city has witnessed a surged in its venture capital activities, in technology startups, since the start of 2019. Technology development is at its pea...

UAE telecom company gives clean chit to Huawei’s 5G technology

The U.S. government has reportedly accused Chinese telecom giant Huawei for spying and collecting personal data for unsolicited uses, leading to its ban in the country. This move has not only affected the Sino-US relations but also has affected ...

Hero Electric teams with CSC e-Governance to boost e-mobility in India

With growing fuel prices and deteriorating air quality, the Government of India has started to encourage auto companies to introduce new green mobility solutions. However, as the adoption of electric mobility is on a surge in urban India, the country...

Cybersecurity firm FireEye reveals new election security resource

Cybersecurity refers to safeguarding internet-connected systems such as software and hardware from potential cyberattacks. It is used in identifying theft while maintaining risk management. In order to prevent potential attacks, companies have now st...

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About Author : Saipriya Iyer

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