About Author : Saipriya Iyer

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 ...

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. ...

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...

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...

Uber unveils driver loyalty scheme after receiving new London license

· Uber recently received a two-month operating license from TFL to operate in London. · Through the loyalty program, Uber aims to reward the commitment of its drivers to the company. Uber has announced that it will unveil a loyalt...

Log 9 Spill Containment raises INR 4 Cr in Pre-Series A funding round

Chemical and oil spill absorbent market is witnessing a substantial growth lately due to increasing incidence of chemical and oil spills from industries which is leading to a rise in pollution. Several companies in the world are leveraging these inci...

Virgin Atlantic plans to fly more flights to London from Scotland

Virgin Atlantic has also planned 35 new long-haul routes in Asia, Africa, and South America. Out of the total 84 new destinations the airline plans to serve from London’s Heathrow, 12 destinations are in United Kingdom. Virg...

Niche AI workforce acquired by Ericsson for AI development in India

Artificial Intelligence (AI) is increasingly being adopted by a number of telecommunications and networking companies lately. Telecommunication companies across the globe are turning towards AI-driven platforms to deliver a better customer experience...

London-based Snyk secures €63Mn from Accel led funding round

The company intends to use this funding to fuel its plans for the next phase of global growth. Snyk, a developer-first security company based in London, has reportedly managed to secure an investment of €63 million from its recent funding rou...

Wendy's invests $20 million to introduce a new national breakfast menu

The revamped menu includes three new breakfast items; Honey Butter Chicken Sandwich, the Breakfast Baconator as well as the Frosty-ccino. Wendy’s has tried breakfast menus many times over the past decade, which also includes a 20...

AIR’s Earthquake Model chosen by IAG for catastrophe risk management

Sydney-based insurance firm Insurance Australia Group (IAG) has reportedly selected risk management company AIR Worldwide’s Earthquake Model to help with New Zealand’s catastrophe risk management. AIR Worldwide is a Boston-based firm asso...

Indian robotics startup Miko secures $7.5 million in Series A funding

The investment will be used to expand Miko’s market in the UK, North America and West Asia as well as to develop a new line of products. Miko, an Indian startup that creates companion robots, has managed to raise $7.5 million in its Series A...

Carro raises $90 Mn from Series B round, procures Indonesia’s Jualo

The company raised an extra $30 million in the oversubscribed funding round after raising $60 million last year in May. Carro would be utilizing the fresh capital for the acquisition of Jualo.com. SG’s Carro, an automation marketplace...

iMedX acquires Prevalent and Axcension to launch business intelligence

Combined technology & teams will provide ground-breaking business intelligence solutions for healthcare providers iMedX, Inc., a US-based health information & clinical documentation provider recently acquired Prevalent, Inc. & Axcensio...

Pasha acquires licensed cannabis producer and processor, Medcann

Pasha Brands Ltd., a leading Canadian craft cannabis company recently announced acquisition of Medcann Health Products Ltd., a Health Canada approved cultivator, processor & seller of medical cannabis, cite sources. For the record, Pasha is a ...

Century Software buys majority stake in Netsense Business Solutions

Century Software has a long-term collaboration with Acumatica Inc. The subsidiary of Censof Holdings Bhd, Century Software (M) Sdn Bhd has reportedly announced that it has signed a share sale and purchase agreement to acquire 51 percent stake in ...

Carbon Lighthouse expands regional scope, establishes office in L.A.

Energy services company Carbon Lighthouse has apparently made it to the headlines for having expanded its reach to Southern California. With functional spaces in the cities of New York, Honolulu, and San Francisco, Carbon now boasts of a fourth setup...

Juniper launches SD-WAN and cloud services platform for partners

Juniper announces CSP Select program in response to needs expressed by customers and partners. Juniper Networks, an American corporation that develops and markets networking products recently unveiled a Cloud Services Program (CSP) and its first c...

TRON foundation acquires its own blockchain app store CoinPlay

To ensure the blockchain enthusiasts get optimum user experience, TRON and CoinPlay are devising approaches to build core technologies that guarantee a secure ecosystem for obtaining DLT-based apps. Tron organization, one of the largest networks i...

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Zomato enters events industry with food carnival in multiple cities

Zomato, an Indian food delivery and restaurant search startup, has announced that it is entering the events business with ‘Zomaland’, a multi-city food and entertainment carnival. Reportedly, this move would mark the company’s entry...

Kaleido to speed up blockchain implementation with Kaleido Marketplace

Kaleido, in partnership with Amazon Web Services, has reportedly launched a new platform – called Kaleido Marketplace. As per authentic sources, the platform aims to deliver tools and protocols for the components of novel blockchain projects &n...

Rimini ensures 100% clean energy usage for Switch data centers

Rimini Street, Inc., has circulated an official announcement that it has achieved its goal of deploying 100% renewable energy at its data facility in Switch’s Data Centers. The renowned provider of enterprise software products & services cl...

T-Mobile inks green contract to power HQ with clean energy by 2021

United States wireless network operator, T-Mobile US, Inc. has recently signed on for energy firm, Puget Sound Energy’s Green Direct program, giving the company access to a blend of local solar and wind renewable energy sources, which will be u...

CCCS levies a S$13M fine on ride-hailing giants Uber and Grab

The Competition and Consumer Commission of Singapore (CCCS) has reportedly fined a total of S$13 million to Uber and Grab over their merger, stating that the agreement has resulted in significant damage to competitors in the ride sharing market. Amon...

Steel magnate SAIL plans to shut down its non-operational JV companies

India's largest steel maker, SAIL (Steel Authority of India) has reportedly taken steps to pull down the shutters on some of its joint venture firms. According to the company’s annual report 2017-18, these firms are either non-operational o...

Accent Group trumps retail competition with same-day delivery service

Australia’s Accent Group is reportedly planning to roll out same-day delivery services across its shoe retailer network. As per sources, the move comes on the heels of a majority of Australian retailers presently offering same-day delivery in a...

China gives the green signal for the Essilor-Luxottica collaboration

China has reportedly announced its approval for the partnership between the France based lens-maker Essilor and the Italian eyewear company Luxottica – the famous maker of Oakley and Ray-Ban sunglasses. According to reports, China was one of th...

Founders Factory chooses M&S as its retail investor in the UK

Brent Hoberman, founder of Lastminute is set to up the ante in vertical market-specific accelerator construction with his new project, Founders Factory Retail, in collaboration with Marks & Spencer. Incidentally, M&S will be Founder Factory&r...

Grab launches GrabFresh, penetrates on-demand grocery delivery market

Grab a technology based company in Singapore, reportedly announced that it has decided to mark its presence in the on-demand grocery delivery industry. The firm plans to introduce its new app called GrabFresh in partnership with HappyFresh, a regiona...

Guess and Alibaba collaborate to unveil AI concept for fashion stores

American clothing brand and retailer Guess, has recently teamed up with Alibaba, the Chinese e-commerce giant to bring forth the potential of artificial intelligence in the fashion industry. This partnership has apparently allowed the retailer to tra...

Utilitywise inks agreement with Dell and Vodafone on IoT platform

Leading utility consultancy, Utilitywise has recently made its way to the front page with the news of its collaboration with tech giants Dell EMC and Vodafone for launching an innovative IoT platform. Allegedly, this energy and building managem...

InMobi-Microsoft tie-up to help enterprises shift to mobile marketing

InMobi, an India based mobile advertising and discovery platform, has apparently announced to have teamed up with Microsoft Corp. as a part of a technology collaboration, in a bid to help enterprises adopt cloud based platforms for mobile marketing t...

Australian beverage makers commit to curb sugar content by 20% by 2025

In the face of the spreading obesity epidemic in Australia, the continent’s leading beverage giants Coca-Cola and Pepsi have apparently pledged to reduce the sugar content in their soft drinks by almost 20% by 2025. Reportedly a review of the p...

JSW Steel offers USD 500M to refurbish Acero Junction Unit in U.S.

JSW Steel Limited, the flagship firm of JSW Group, has decided to allocate $500 million for its newly acquired Acero Junction Inc. Reportedly, the investment will mark JSW Steel’s total investment plan across U.S. steel market up to USD 1 billi...

Australia to ban Huawei’s participation in 5G mobile telecom rollout

In a major blow to China-Australia relations, Australia is planning to exclude Huawei from the list of participants invited for the 5G mobile telecom rollout in the country. Reportedly, the country fears that the Chinese government controls Huawei an...

Siemens pioneers facility to use ammonia for renewable energy storage

Siemens AG, a German firm headquartered in Munich, has inaugurated a £1.5 million pilot venture in Oxfordshire, with an aim to promoting the use of ammonia as a new kind of energy storage. Reportedly, the firm wants to prove the significance of...

Shell offers engineering contract to Subsea 7 for Penguins Project

Royal Dutch Shell PLC, a renowned oil & gas firm, has offered Subsea 7 S.A., a UK based engineering, construction, and services firm, a contract for the redevelopment of its Penguins oil & gas field located in the North Sea. Reportedly, the d...

KBA orders Daimler to immediately recall selected Mercedes models

The German Transport Ministry, amidst a series of punitive actions, has ordered Mercedes to recall 774,000 vehicles across Germany. The move comes after automotive giant Daimler was found to have fitted illegal software – rather, a defeat devic...

BBOXX signs VAT exemption deal to offer solar power in Congo

BBOXX Limited, a venture backed firm offering cost-effective & clean energy to off-grid communities of developing nations, has apparently decided to provide solar energy to the Democratic Republic of Congo. For the record, less than one-fifth of ...

Signature HealthCARE agrees to pay $30mn to resolve allegations

Signature HealthCARE, a major provider of long term nursing care service, has declared to make payments worth USD 30 million for settling issues raised against the firm. Reportedly, the allegations claimed that the company asked patients to receive h...

GM to bring hands-free driving on all Cadillac car models by 2020

General Motors has announced that it is going to provide hands-free driving facility in all its Cadillac car models by 2020. Currently called Super Cruise, the system is now available only on the CT6 luxury sedan. Reportedly, Super Cruise helps in st...

Microsoft launches Project Natick, installs data center under sea

As a part of its energy-saving initiative, Microsoft Corp. has submerged a huge data center under the sea off Orkney in the North of Scotland. As per the official statement, Project Natick, as the initiative is tentatively titled, is aimed at conserv...

Facebook announces data sharing contracts with renowned Chinese firms

Social media giant Facebook, this Thursday, has officially confirmed its data sharing agreements with at least four Chinese electronics companies, including the world’s third largest smartphone producer Huawei. For the record, Huawei had previo...

Microsoft Inc. plans to acquire popular code repository GitHub Inc.

Software major Microsoft has been reported to go ahead with its plans of acquiring GitHub Inc., a popular web-based hosting service. Apparently, the acquisition will help Microsoft avail services of twenty-seven million software professionals working...

NextEra Energy & Entergy jointly authorize Stuttgart solar energy unit

Entergy Arkansas, a U.S. firm involved in electric power production and retail distribution, and NextEra Energy Resources have reportedly commissioned the Stuttgart Solar Energy facility at Arkansas in the U.S. The newly established center spread ove...

Facebook to begin construction of data center at Eagle Mountain, Utah

Social media giant Facebook has apparently announced its decision to construct a data center facility spanning 970,000 square feet at Eagle Mountain in the state of Utah, United States. The new venture signifies USD 750 million funding in the city of...

CWP & Partners Group to jointly build 1,300MW of renewable projects

CWP Renewables, an Australia-based renewable energy firm, has joined hands with Partners Group AG, a private equity firm on the construction of wind, battery, and solar projects with a total capacity of 1300MW. The ventures have been announced on the...

EU proposes changes to IP rules, legalizes generic drug production

The European Commission has decided to make amendments in its intellectual property legislations in order to encourage pharmaceutical firms to manufacture generic medicines. The drug production would be slated for the nations where they are not cover...

Toyota & Suzuki extend partnership to lead India automotive market

In what may seem to be a strategic move to retain dominance in India automotive industry, the Japanese automaker Toyota Motor Corporation has decided to further extend its business relationship with Suzuki in jointly manufacturing & selling cars ...

Strata Oncology generates USD 26 million via Series B funding round

Strata Oncology, a Michigan headquartered precision medicine startup, has reportedly, in its series B round, closed the funding at nearly USD 26 million. If sources are to be believed, Pfizer Venture Investments & Merck Global Health Innovation F...

Tesco Plc bans non-recyclable packaging for its own products

Tesco Plc, a UK based grocery & general merchandise retailer, has decided to impose a ban on all non-recyclable packaging on its own products. The decision is apparently aimed at reducing the proportion of plastic utilized in packaging its own br...

Grab & Maybank team up to drive adoption of mobile wallets in Malaysia

Grab, the globally renowned Singapore headquartered ride-hailing firm, is reportedly planning to collaborate with Malayan Banking Bhd, the biggest bank in Malaysia. The partnership is targeted toward encouraging the application & acceptance of Gr...

Sembcorp Marine & Shell Offshore ink a deal for Shell’s Vito FPU

Sembcorp Marine Limited, a division of Sembcorp Industries, has apparently entered into an agreement with Shell Offshore Inc., a crude oil & natural gas producer and a division of Royal Dutch Shell PLC. The deal has been signed to cooperate on fl...

AGL remains stubborn on Liddell closure, rejects Alinta’s purchase bid

AGL Energy Limited, a public listed firm in Australia involved in both the production & retailing of electricity & gas, has apparently rejected Alinta Energy’s USD 250 million bid for the Liddell power station. Some of AGL’s key o...

China scraps anti-subsidy probe to resolve trade dispute with U.S.

China has reportedly done away with its anti-dumping and anti-subsidy investigation against the sorghum imports from the U.S., with an intention to resolve its trade conflicts with the U.S. According to the Ministry of Commerce in China, the probe wa...

Brisbane City Council votes to ban single-use bottles & plastic straws

The Brisbane City Council, one of Australia’s largest metropolitan jurisdictions, has apparently announced to become the most environment friendly council after it pledged to ban single-use plastic bottles, helium balloons, and plastic straws. ...

Santos’s Board support for Harbour’s bid treading on uncertain waters

Harbour Energy, a U.S. based energy investment firm, is still doubtful over its plans to acquire Santos, a leading oil & gas producer, for nearly USD 13.7 billion. Sources cite that after nearly a month of diligence, the U.S. company has insisted...

Total requests for sanction waiver to continue with South Pars project

Total S.A., a France-based Oil & Gas firm, has threatened to withdraw from the proposed natural gas venture in Iran if the U.S. President persists with his decision of not waiving off the secondary sanctions on international firms operating in Ir...

Apple sues Samsung for $1 bn over smartphone design patent violation

In what may seem to be one of the most iconic litigation issues witnessed across the tech industry, Apple Inc. is demanding damages worth USD 1 billion from Samsung on the grounds of its smartphone copyright infringement. During the retrial held befo...

Xerox kills deal with Fujifilm, inks new agreement with Icahn & Deason

Xerox, the iconic American global photocopier corporation, has made it clear in its most recent official statement, that it would terminate its iconic 6.1-billion-dollar deal with the Japanese company Fujifilm. Instead, the American conglomerate seem...

Sears offers tire installation services for orders from Amazon brands

Renowned integrated retailer, Sears Holdings has recently made it to the headlines with the news of its renewed partnership with Amazon. As per authentic sources, through this collaboration, Sears Auto Centers would be providing full-service car tire...

KEPPEL to raise over S$300 mn for the purchase of Jurong’s data center

KEPPEL DC Reit, a real estate investment trust firm based in Singapore, has declared that it is planning to raise funds worth S$303.10 million through a private placement for acquiring a new data center. The firm may place nearly over two hundred mil...

UBTECH Robotics receives USD 820 million through Series C funding

UBTECH Robotics Inc., a China based manufacturer of intelligent robotic systems, has declared the closure of the Series C funding round, which was estimated at USD 820 million. Reportedly, the fund-raising round was led by Tencent Holdings Limited, a...

Prologis signs billion-dollar pact to buy DCT Industrial Trust

Prologis Incorporation, a world leader across the logistics real estate sector, has proclaimed that it plans to buy DCT Industrial Trust Inc., a real estate major based in the U.S. The deal has been valued at USD 8.4 billion including the amount of d...

Tencent decides to launch its first Asean data center in Cyberjaya

Tencent Holdings Limited, a China based investment holding firm, and Tourism Malaysia are planning to jointly set up a data center in Cyberjaya, Malaysia. Sources claim that the strategic move is a part of the Smart Tourism 4.0 program launched recen...

Ohmio Automotion signs 150 autonomous shuttle deal with SolaSeaDo

In what may be remarkably touted as one of the biggest transactions in the autonomous space, Ohmio Automotion, a New Zealand based automobile manufacturer, has signed a deal with SolaSeaDo. The Kiwi company has entered into a sale deal with the South...

Go-Jek & ComfortDelGro to discuss ways for a potential partnership

Go-Jek, a ride-hailing app provider based in Indonesia, is apparently trying to enter into a joint venture with ComfortDelGro Corp., a Singapore based land transport firm. Earlier, ComfortDelGro Corporation had signed a pact with Uber Technologies In...

Ryanair places an order for 25 additional 747 MAX jets with Boeing

Ryanair DAC, the Dublin headquartered low-cost airliner, has reportedly decided to purchase an additional of 25 Boeing 737 MAX jets valued at nearly USD 3 billion at list price. The deal would potentially increase its total number of jet orders to ap...

Amazon, Netflix tie up with studios to file litigation against Set TV

Amazon Inc., the globally reputed eCommerce magnate, and the U.S. based entertainment firm Netflix, have partnered with several Hollywood studios to sue rival Set TV’s streaming business. Some of the top names in this deal include the likes of ...

Azalea to provide access to PE investments for retail investors

Azalea Investment Management, a division of the Singapore based Temasek Holdings Private Limited, has apparently been attempting to provide access for private equity investors. Reports state that the access is likely to be offered via an asset backed...

Aldi leads UK supermarket list for MSC labeled sustainable seafood

The Marine Stewardship Council (MSC) has apparently revealed that Aldi is far ahead of its business rivals in sustainable seafood service offerings for UK seafood consumers. For the record, Aldi’s seafood offerings include 79% of authorized sus...

Russia requests Apple & Google to cut off Telegram from app stores

The Russian government has put in a formal request to tech giants Google and Apple Inc., to eliminate the encoding messaging services of Telegram from its app stores. Last week, the Russian court had given the verdict in favor of the telecom authorit...

Porsche aims to set up 500 fast charging stations in the U.S. by 2019

The reputed German high-performance sports car manufacturer, Porsche, has apparently decided to introduce a supercharger-like network of fast charging stations at highway sites & dealerships in the U.S. Klaus Zellmer, the CEO and President of Por...

Alcheme Skincare culminates its initial round of seed funding

Alcheme Skincare, a reputed Singapore-based disruptive skincare company, has apparently declared the successful closure of the initial seed funding round. Major capital investments in this round have been brought forward through the participation of ...

Sarawak gov obtains dividends post investment in three MLNG plants

The government of Sarawak has reportedly received nearly MYR 20 billion in accumulated dividends after it made a substantial investment in three MLNG (Malaysia Liquefied Natural Gas) plants in Bintulu. The news has come to light through the speech ma...

Razer launches digital game store on e-commerce portal Lazada

Razer Inc., a gaming hardware manufacturing firm, has introduced an online game store on the eCommerce web portal of Lazada Group on which its gaming hardware products & peripherals are currently being sold. Though the Singapore based gaming hard...

Acciona Energy to construct a 265 MW solar farm in Queensland

Acciona Energy, a division of Acciona, has acquired a USD 500 million contract for constructing a solar farm in Queensland. It has been speculated that the solar farm is likely to generate nearly 265 MW of power that will help in meeting the energy r...

Saint John Airport to be a part of a massive modernization program

The New Brunswick administration has made it public that the Saint John Airport will undergo renovation as a part of an airport modernization program, which is estimated to cost nearly USD 20 million. The authorities further stated that the larger pa...

Aramco signs MoU with 3 Indian Oil firms to acquire 50% stake in RRPCL

Saudi Aramco, a leader in global oil production, has entered into a MoU (Memorandum of Understanding) with India’s three major oil marketers. The agreement, inclusive of Hindustan Petroleum Corporation, Indian Oil Corporation, and Bharat Petrol...

WebAuthn gets approved as a standard protocol from W3C- FIDO alliance

The W3C and FIDO joint venture has reportedly revealed a new standard tool for strongly authenticating its websites and displacing the passwords. It is the first such initiative adopted by both the firms for standardizing and implementing strong auth...

Apple Inc. loses a patent infringement lawsuit against VirnetX

A federal court in the state of Texas has reportedly asked Apple Inc. to pay nearly USD 502.6 million to patent troll VirnetX, for the infringement of its four patents associated with secure internet communications. According to VirnetX, the giant te...

Luye’s NHC buyout to fulfill the demand for cardiovascular treatment

Luye Medical Group Co., Ltd, a renowned Singapore-based hospital operator has scarcely made a major investment in the NHC (Novena Heart Centre). If reports are to be believed, the valuation of the signed agreement has not yet been disclosed by either...

Keppel signs a pact with KrisEnergy to upgrade its marine assets

Upstream oil & gas major KrisEnergy has signed a cooperation pact with Keppel Corporation, thereby appointing Keppel as its ideal contractor. Keppel, a major investor in KrisEnergy, had entered into a deal with KrisEnergy through its subsidiaries...

Fitters commences sale of renewable energy to Tenaga Nasional Bhd

Ezion Holdings, a Singapore based firm operating across oil & gas business, is predicted to raise nearly S$50 million through the issuing of shares to its strategic shareholder Temasek Holdings. According to authentic sources, the Temasek-linked ...

Shell decides to sell its entire stake in Gaza Marine Gas field

Royal Shell, an established oil & gas firm, has entered into a deal with the PIF (Palestine Investment Fund) to sell its total share in the Gaza Marine gas facility, offshore Palestine, to a local investment firm. Shell had inherited the pr...

Alibaba in initial stages of planning to fund ridesharing firm Grab

Alibaba, the Chinese eCommerce firm, may reportedly invest in Grab, a ride-sharing firm based in Singapore. Last year, these two firms had actually been discussing about the investments, however, the talks failed to materialize with Alibaba preoccupi...

Amazon gears up to establish a new distribution unit in Las Vegas

Amazon Inc., the reputed eCommerce giant, has announced that it plans to construct yet another warehouse packaging & distribution unit in Las Vegas, Nevada. Incidentally, the establishment will be inaugurated in 2019 on a site spanning 74,322 sq....

Ford Escape receives a dismal rating in IIHS’s passenger safety trials

Ford Escape SUV, a reputed car model of the Ford Motor Company, has been rated as “poor” by the Insurance Institute for Highway Safety (IIHS) in its new passenger side front crash test results. The new model of the automobile giant has se...

Energy management firm SensorFlow raises S$750K led by Cocoon Capital

A Singapore based energy management company, SensorFlow, has reportedly raised funds worth USD 573K (S$750K) from prominent investors such as Cocoon capital, SG Innovate, and SparkLabs via its initial fundraising round. Earlier this year, the company...

Walmart may be planning to acquire pharmacy startup PillPack

Walmart Inc., the globally reputed brand across the supply chain market, is discussing a purchase deal with PillPack, a pharmacy startup firm sorting medicine by dosage & delivering it to the consumer’s doorstep. Plausibly, this strategic m...

Alibaba Group plans to acquire a complete ownership of Ele.me

Alibaba Group Holding Limited, a China-based eCommerce firm, has announced that it will purchase the remaining stake of Ele.me, a platform in China providing online food delivery services to its customers. Alibaba’s decision apparently, is aime...

Arkansas’ attorney files litigation against opioid drug manufacturers

In what may seem to be a jolt to the opioid drug manufacturing firms across the U.S., Arkansas’ attorney general has filed a legal suit against Johnson & Johnson, Endo International Plc, and Purdue Pharma LP. The litigation claims that all ...

Google loses copyright lawsuit against Oracle over open-source s/w

The ongoing legal battle between tech giants Google and Oracle seems to have finally reached fruition this week. The U.S. appeals court has given its decision in favor of Oracle that had incidentally sued Google over the use of its open-source Java s...

Intercom attains Unicorn status with USD 125 million funding

Intercom, a U.S. based technology firm, has reportedly raised funds worth USD 125 million with the objective of investing the same in shipping new products and enhancing its already existing product portfolio. Venture capital firms such as Byers and ...

Avaya makes its cloud UC services available in NZ via Pyrios deal

Avaya, a U.S. based tech firm, is likely to provide unified communications & contact center solutions in NZ by collaborating with Pyrios, a communications tech specialist firm. According to the CEO of Pyrios, Robyn O’Reilly, this decision w...

GSK’s Juluca gets European Medicines Agency approval for HIV therapy

European Medicines Agency, an EU authority that evaluates medicinal products, has approved GlaxoSmithKline’s two-drug treatment for HIV (human immunodeficiency virus), that causes AIDS (Acquired Immune Deficiency Syndrome). Reportedly, the boar...

ENGIE invest S$80mn to develop district cooling projects in Singapore

ENGIE, a reputed French electric utility firm, has apparently decided to offer funds worth S$80 million for developing an innovation unit in Singapore within a span of five years. The strategic move is aimed at bringing about digital initiatives and ...

BlackBerry & Jaguar enter a pact to jointly work on autonomous cars

BlackBerry Limited, the reputed Canada based firm specializing in enterprise software & IoT, has signed a multi-year partnership agreement with Jaguar Land Rover Limited, a subsidiary of Tata Motors, to develop software for its next-gen cars. As ...

Alibaba prioritizes SEA expansion, pours in USD 2bn more in Lazada

Alibaba Group Holding Limited, a Chinese eCommerce & retail firm, is expected to provide an additional investment worth USD 2 billion to Lazada Group SA, an eCommerce firm headquartered in Singapore. Incidentally, the move is aimed at expan...

Grofers secures USD 61.6 million in funding round led by SoftBank

Grofers, an India-based online grocery delivery service, has received funds worth USD 61.6 million from SoftBank Group via its initial fund-raising round. Incidentally, the round also witnessed the participation of Apoletto Asia and Tiger Global as t...

Top Glove enters USD 310 million loan pact to purchase Aspion

Top Glove Corporation Berhad, a reputed Malaysian firm manufacturing rubber gloves, has signed an agreement for getting a syndicated loan, estimated at USD 310 million, with a group of eight banks. According to the company sources, the firm has signe...

Lyft & Magna team up to speed up self-driving vehicle development

Lyft, an on-demand transportation firm headquartered in the U.S., is forming an alliance with Magna International Inc., a Canada based automotive component supplier, to develop autonomous cars. Industry analysts believe that this strategic decision o...

MSU & Ben-Gurion team up on sustainable water preservation solutions

The Midlands State University (MSU), a government owned university in Zimbabwe, has formed an alliance with Ben-Gurion University of the Negev, a public research university based in Israel. The agreement is apparently aimed at carrying out research o...

Sprim & Tikehau contribute $50mn toward medtech & life science sectors

Tikehau Capital, a private equity firm headquartered in France, has scarcely formed an association with Sprim Ventures, an investor in early stage health solutions. The alliance aims to introduce a USD 50 million early-phase venture capital fund targ...

Keppel Corp signs a deal with AWILCO to build semi-submersible rig

Keppel Offshore & Marine has apparently been awarded a contract of USD 425 million from AWILCO Drilling Plc to build a midwater, semi-submersible harsh-environment drilling rig. Allegedly, under the agreement, the yard group is supposed to comple...

Lidl commits on curtailing plastic waste by eliminating reusable bags

In response to the rising crisis of plastic waste in UK, Lidl has apparently promised to bringdown reusable plastic bags in the nation. The German discount supermarket retailer, this Friday, has made it to the headlines with the announcement of its d...

Grab’s latest shared bike app paves way into Singapore market

Ride-hailing giant Grab is apparently venturing into the personal mobility device space with the launch of its latest mobile app. Dubbed as GrabCycle, this new mobile app would give users the access to shared e-scooters and bikes from several operato...

FDA gives a ‘go-ahead’ for Made-in-China HIV drug Trogarzo

The U.S. Food and Drug Administration has apparently given a green signal for the use of Trogarzo, a drug used in alternative HIV therapy for adult patients. Also referred to as Ibalizumab-uiyk, this drug has been developed by a Taiwanese firm TaiMed...

Toyota plans to stop diesel-powered car sales in Ireland from 2019

Toyota Motor Corporation has reportedly become the first automotive firm to discontinue the manufacturing of passenger cars powered by diesel. Beginning 2019 onwards, claim company sources, the automaker will not be selling new diesel run cars in Ire...

Scientists develop a tremor suppression glove for Parkinson’s patients

In a major breakthrough witnessed across the healthcare industry, researchers from the Western University have successfully created a functional model of a new 3D printed tremor suppression glove. Apparently, this kind of hand glove can suppress trem...

MHIEC to renovate Tachibana Waste-to-Energy unit in Takatsu district

The Kawasaki City has apparently put in a request to the MHEIC with regards to its current unit of waste to energy (WtE) unit. Mitsubishi Heavy Industries Environmental & Chemical Engineering Company Limited (MHIEC) will now be developing Kawasak...

Alibaba & NTU collaborate to conduct AI research in Singapore

Globally renowned Chinese eCommerce firm Alibaba, has reportedly launched its first joint research program in Singapore in association with the Nanyang Technological University (NTU). According to reliable sources, Alibaba’s latest venture will...

INPEX buys out Abu Dhabi offshore oil share for USD 600 million

INPEX Corporation, a Japanese firm involved in oil exploration & production, has reportedly secured the development rights for a 10% ownership in Lower Zakum offshore oil field at USD 600 million. According to reliable sources, the agreement will...

Lawson obtains $4.4mn for adverse drug reaction prevention program

Lawson Health Research Institute, a London-headquartered hospital-based research institute, is likely to receive USD 4.4 million in the form of investments for conducting research on preventing adverse drug reactions. According to some of the key off...

MCL plans major investment in multiple sclerosis research program

Medical Cannabis Limited (MCL), a division of Queensland Bauxite Limited, has reportedly decided to fund a research program dealing with the deployment of the medical cannabis therapy for multiple sclerosis. It has been speculated that this is the fi...

Hikurangi to export medical marijuana worth USD 160mn to Rhizo

Hikurangi Cannabis, a New Zealand based medical cannabis firm, has signed a conditional offer worth USD 160 million with Rhizo Sciences, a cannabis brokerage firm headquartered in Seattle, for manufacturing 3,000 kg medical marijuana products next ye...

SaskPower to deploy smart meters for additional 7500 customers

SaskPower, a major power utility firm in the Saskatchewan province of Canada, has decided to install 7,500 more smart meters in the region after completing the pilot installation. These smart meters are projected to be deployed until the end of the f...

Greencoat Renewables to purchase yet another wind farm in Ireland

Greencoat Renewables PLC, an Ireland based renewable-infrastructure firm, has decided to acquire Lisdowney, a 9.2 MW wind farm based in Co Kilkenny, for EUR 22.5 million. According to the London South East, the Lisdowney wind farm, which was commissi...

Nokia to opt between a sale or shut-down for its digital health unit

In a major turn of events witnessed across the digital health industry, Nokia has declared to have begun evaluating various alternatives for its online health activities. The firm’s decision apparently comes as a surprise to its partners, havin...

Cancer Research UK CTU gets £4.5mn for pancreatic cancer research

The Cancer Research UK, a charitable organization in the UK focusing on cancer research & healthcare, has offered funds worth £4.5 million for the Cancer Research UK Clinical Trials Unit (CTU) in Scotland after assessing a review report of ...

InfraCo Asia & Sunseap collaborate to build solar project in Vietnam

InfraCo Asia Development Private Limited, a firm developing infrastructure projects in the developing regions of Southeast Asia, and Sunseap International, the global division of Singapore based Sunseap Group, have reportedly entered a deal to build ...

JD.com to establish branch in Australia for ANZ eCommerce expansion

JD.com, one of the most renowned eCommerce firms based in China, has decided to set up an office in Australia to speed up its growth across the ANZ region. Reportedly, the firm’s new headquarters in the Australia & New Zealand region is mos...

MAHB signs several partnership deals to make Subang an aviation hub

The Singapore Airshow 2018 has apparently witnessed MAHB (Malaysia Airports Holdings Bhd) inking numerous joint venture agreements as well as MoUs in order to transform Subang into an aerospace & aviation center. According to the managing directo...

Alabama files legal case against opioid manufacturer Purdue Pharma

In what may seem to be a major jolt to the opioid manufacturing companies in the U.S., Alabama Attorney General Steve Marshall has filed a litigation in the Montgomery court against Purdue Pharma L.P., a pharmaceutical major headquartered in the U.S....

SSE commences discussions with CMA over proposed Npower merger

SSE plc, a Scottish energy firm, reportedly, may commence talks with the Competition and Market Authority (CMA) about the proposed merger of its household supply business with Npower Limited. Sources state that the deal between the two energy supplyi...

South Korea to implement new poultry farm laws to curb avian flu

Amidst the major fluctuations witnessed across the poultry sector in South Korea, another seemingly interesting revelation has been reported to have cropped up. The regional government authorities have made poultry sanitation regulations stricter wit...

SPH and Samsung team up to cooperate on marketing initiatives

Singapore Press Holdings, the renowned media organization, has recently inked a deal with the tech giant Samsung Electronics, to help each other’s merchandizing and technology initiatives. As per reports, this strategic partnership that was dis...

Cairn Energy sees huge crude oil E&P opportunity across the North Sea

Cairn Energy PLC, a renowned Europe-based firm in oil & gas exploration business, is reportedly expecting a daily production of nearly 20,000 barrels of crude oil this year from the North Sea oil fields. Sources say that the firm has the ability ...

ADM launches a customer innovation unit at Biopolis in Singapore

Archer Daniels Midland (ADM), a U.S. based food processing & commodities trading company, has reportedly inaugurated a customer innovation center at the Biopolis research hub in Singapore. As per sources, the new facility launch has been aimed at...

Vice Canada and Rogers Media to terminate Joint Venture

In a key twist of activities observed across the studio business, Vice Canada and Rogers Media have declared the end of their two-year old USD 100 million partnership which was forged in 2016. According to reliable sources, the former has completely ...

Google and Tencent sign patent-licensing agreement to share patents

Continuing its efforts to rebuild its presence in China, Alphabet Inc.’s Google has signed a patent- licensing agreement with the nation’s largest corporation, Tencent Holdings Limited for sharing copyrights of various products & tech...

Aetna to pay USD 17 million to customers over HIV privacy disclosure

In a key event witnessed across the health insurance sector, Aetna Inc., a U.S. based healthcare insurance firm, has decided to pay USD 17.2 million as a part of settlement for class-action litigation filed by its customers over mailing, which they c...

PEMEX chose Mitsui as its partner to complete Tula plant construction

Petroleos Mexicanos, a petroleum company owned by the government of Mexico, has chosen Mitsui, a Japanese firm, as its partner for carrying out the coking plant operations of one of its biggest refinery in Mexico. A key official of PEMEX has stated t...

Lego-Tencent deal to develop safe online games for Chinese children

The Lego Group, a renowned toy manufacturer based in Denmark, has formed a strategic alliance with Tencent Holdings Limited, one of big shots across the mobile gaming & video streaming sector, to jointly manufacture brand online video games for c...

China to launch debut crude oil futures contract by March 2018

In a major breakthrough witnessed across the crude oil sector, reports have claimed that China is expected to enter its first crude oil futures deal after 23rd February 2018. It has been anticipated that the agreement will be launched only after rece...

T-Mobile declares new BOGO & other smartphone offers for users

T-Mobile, a Germany based player across the telecommunications sector, has reportedly announced a slew of lucrative deals, one of the prime ones being, the ‘buy one, get one’ promo for its smartphones. As per the offer commencing on 12th ...

Toronto-Dominion Bank to purchase AI startup firm Layer 6 AI

Toronto-Dominion (TD) Bank, a banking & financial services corporation based in Canada, is set to buy Layer 6 AI, a Canadian artificial intelligence startup firm, for an undisclosed figure. According to reliable sources, the Bank wants to explore...

India defends its solar energy policy against US’s legal suit at WTO

India has apparently depicted a strong reaction to the U.S. administration’s recent criticism of the country’s solar power policies. According to reliable sources, in December 2017, the U.S. authorities had filed a litigation against Indi...

EPA gives the nod to Central Australia based Arafura’s Nolans Project

After years of dealing with the strenuous assessment process, the Central Australia based rare earth mine project has apparently received an approval by the Northern Territory EPA (Environment Protection Authority). Despite recognizing the radioactiv...

NIIT buys out Eagle Productivity Solutions for USD 8.1 million

NIIT Limited, a major Indian firm offering computer training & learning management courses to firms, individuals, and institutes, has reportedly purchased Eagle International Institute Incorporation, a professional training & coaching institu...

Northeast U.S. states file a case against EPA over pollution

Eight states of the U.S., including Delaware and Pennsylvania, have reportedly filed a legal suit against the EPA (Environmental Protection Agency) over ozone pollution. Reliable sources have stated that these Northeastern states of the nation have s...

WHO includes gaming disorder as a mental ailment in its beta charter

The World Health Organization (WHO) has apparently included gaming disorder in its list of mental health disorders, which is expected to be released in May next year during the eleventh update of the international classification of diseases (ICD). As...

India to outpace China globally as the largest importer of LPG

India is reportedly anticipated to become the world’s biggest LPG importer by the end of this month, comfortably exceeding Chinese LPG imports amounting to nearly 2.3 million tons. According to authentic sources, LPG consignments arriving on th...

Wesfarmers enters a deal with Coronado to sell Curragh coal mine

In a major breakthrough witnessed across the coal mining sector, Wesfarmers Limited, an Australian firm in the retail, fertilizers, and coal mining business, is anticipated to sell Curragh coal mine to Coronado Coal Group for seven hundred million Au...

Boeing in discussions over acquisition of jet manufacturer Embraer

The Boeing Company, a U.S. based firm manufacturing & selling airplanes, has grabbed headlines this week for its proposed takeover of a key jet maker. Reportedly, Boeing is amidst serious discussions to acquire Embraer S.A., a major manufacturer...

Top-league consortium to finance Australia’s largest wind farm

Telstra, Coca-Cola Amatil, Melbourne University, and the Australia & New Zealand Banking Group (ANZ) are reportedly expected to buy out the energy generated from the Murra Warra wind farm in Australia. The strategic move will assist the firms in ...

FDA gives green signal to Luxturna for genetic blindness treatment

In a major breakthrough witnessed across the healthcare sector, the U.S. Food and Drug Administration (FDA) approved Luxturna, a kind of gene therapy to treat a rare genetic eye disease caused due to gene mutation, developed by Spark Therapeutics, a ...

Toyota to develop a fully-electrified vehicle range by 2025

Toyota Motor Corporation, a reputed Japanese automotive company, is reportedly planning to convert its entire lineup of gasoline-powered vehicles into electrified ones over the forthcoming eight years. The company apparently aims to deliver at least ...

Aerion & Lockheed join hands to build first supersonic passenger jet

In a key turn of events witnessed across the aerospace sector, Aerion Corporation, a U.S. based airplane manufacturer, and Lockheed Martin have collaboratively decided to form a strategic alliance to build the world’s first supersonic passenger...

Target’s takeover of Shipt to pose challenges to Amazon & Walmart

Target Inc., the second largest discount store retailer across the U.S., has reportedly purchased Shipt Inc., an online grocery delivery service store, for a valuation of USD 550 million to speed up its same day delivery operations across the U.S. Th...

Bombardier Transportation inks deal to supply Aventra Trains to UK

Bombardier Transportation, a rail equipment division of the Bombardier Inc. based in Canada, has entered into an agreement with a UK rail firm to supply nearly 333 of its rail cars to the latter for USD 724 million. According to the pact, the former ...

CPPIB acquires major stake worth around USD 248 million in GHKLP

The logistics & real estate sector in Hong Kong may have just witnessed a rather remunerative step toward its development. As per sources, the Canada Pension Plan Investment Board (CPPIB) made an investment of nearly USD 248. 4 million in Goodman...

Oath Inc. files a litigation against Mozilla for agreement breach

Oath Inc., the parent firm of Yahoo, has reportedly filed a legal suit against Mozilla Firefox citing that the firm had violated a long-term deal with the former, through the replacement of Yahoo as a default search engine with Google. As per reliabl...

ACCC drags GSK & Novartis to federal court over false product claims

In what may seem to be a major jolt to the pharmaceutical sector, the Australian Competition and Consumer Commission (ACCC) has filed a legal suit against GlaxoSmithKline and Novartis in the Federal Court of Australia in the context of making false c...

Airlines ban smart suitcases installed with non-removable batteries

In a strategic move witnessed across the aviation sector, American Airlines has prohibited passengers to a carry battery-powered smart luggage that does not have the facility of removing batteries. The airline declared its policy last week and has an...

JAL invests $10mn in Boom to enhance in-flight passenger experience

Japan Airlines Company Limited (JAL), reportedly the second biggest passenger flight provider in the country, is expected to invest nearly USD 10 million in Boom Supersonic Inc. As per reliable sources, the funding is aimed at manufacturing aircrafts...

Sanofi’s profits to dip as its dengue vaccine faces dire criticism

In a turning tide of the events, the use of Sanofi’s new vaccine for dengue has been severely restricted, owing to the evidence that it can lead to further deterioration in patients who have not been infected with the ailment before. The chief ...

Rolls-Royce, Siemens, and Airbus to build hybrid electric engine

This week witnessed what can be called as one of the most striking deals in recent times, as Siemens, Airbus, and Rolls-Royce, three highly distinguished names, joined forces to develop a hybrid electric engine. The move, as is reported, is forecast ...

Microsoft & SAP to deploy one another’s cloud computing solutions

SAP Software & Solutions and Microsoft Corporation have reportedly decided to increase the use of each other’s cloud-based products after integrating SAP HANA enterprise cloud system with the Microsoft Azure, a cloud computing service devel...

H2 Biopharma buyout by Aurora Cannabis finalized at USD 25 million

Aurora Cannabis Incorporation, a Canada based medical marijuana producer, has reportedly declared that it is all set to acquire the reputed Quebec based late phase ACMPR applicant, H2 Biopharma Incorporation, through a binding stock buyout transactio...

Aussie resellers to pay USD 200K to Microsoft as copyright damages

In a major turn of the events witnessed across the software industry, Microsoft Inc. has signed an agreement with four Australian vendors, who sold the company’s unlicensed software products. Be Baffled, one of the four vendors, has agreed to m...

Ford to join hands with Mahindra for electric vehicle production

The Ford Motor Company, a U.S. based automobile manufacturer, and its Indian counterpart Mahindra & Mahindra Limited are likely to manufacture their own electric cars in India to reduce road pollution occurring due to fuel emissions from the auto...

U.S. DOJ to halt AT&T’s bid to acquire mass media firm, Time Warner

In a major turn of the events witnessed across the telecom sector, the U.S. department of justice (DOJ) has filed a legal suit to halt Time Warner’s acquisition by AT&T, citing the reason that the merger will reduce competition and result i...

Banks in Hong Kong close accounts of many Bitcoin firms

In a major breakthrough witnessed across the banking sector, financial institutions in Hong Kong have frozen the accounts of bitcoin firms, compelling the organizations to open accounts in the foreign banks. Reportedly, in the first half of September...

HSBC settles French money laundering tax fraud case for EUR 300 million

HSBC Private Bank, the Swiss subsidiary of the British giant, has apparently reached an agreement with the French Government to circumvent a trial for money laundering tax fraud. Reportedly, the banking mammoth has agreed to pay a fine of almost GBP ...

AT&T & Verizon enter tower agreement to eliminate oligopoly

AT&T Incorporation and Verizon Communications Inc. have signed a pact with Tillman Infrastructure, operator of smart cities infrastructure and towers, that will help the firms lease many of the new cell towers from the latter. The initiative will...

NY governor signs bill, sanctioning medical marijuana use for PTSD

In a series of prominent developments witnessed in New York, the governor of the state has scarcely signed a law that appends post-traumatic stress disorder (PSTD) to the list of the diseases that can be treated with medical marijuana. The PSTD bill ...

DOJ may file antitrust suit to impede AT&Ts Time Warner takeover

The tech tabloids have lately been ablaze with the news of the Department of Justice turning the tables on AT&Ts deal. Apparently, the DOJ has been on the verge of considering an antitrust lawsuit to prevent AT&T from acquiring Time Warner. ...

Google to shut down QPX Express API services by 2018

Google Incorporation has apparently declared that it plans to deny software developers the access to the automated information pertaining to airfare search engines. Industry experts have claimed that the move may, in all likelihood, impact the busine...

Rockwell Automation declines Emerson’s USD 27 billion acquisition bid

Rockwell Automation Incorporation, a key manufacturer of industrial automation products, has reportedly declined the takeover bid made by Emerson Electric Company for over USD 27 billion. The former cites the reason of the offer having devalued the c...

Spire Healthcare turns down acquisition proposal from Mediclinic

In what may be touted as an unforeseen rejection of sorts, acclaimed UK-based medical care firm, Spire Healthcare Group, has spurned a takeover proposition from its largest shareholder - Mediclinic International. If reports are to be believed, the re...

Greenpeace targets tech giants for environmental pollution

Greenpeace, a Netherlands-based non-governmental environmental organization, working toward the maintenance of a green environment, has marked low scores for Huawei technologies company limited, Samsung electronics, and Amazon Incorporation over thei...

Toyota to test self-driving electric cars by 2020

Toyota Motor Corporation, one of the acclaimed automotive industry behemoths, has declared that it would commence the testing of its self-driving electric vehicle range embedded with artificial intelligence technology in 2020. Experts predict that th...

Walmart launches its app-based swift return service

This Tuesday, the retail space witnessed one of the biggest scoops with Walmart announcing the launch of streamlined return process that is claimed to shrink the return processing time of an item significantly. Allegedly, the retail giant, through it...

Waymo launches a public education campaign to bring awareness about self-driving vehicles

Waymo, the self-driving car unit of Alphabet Inc., has recently launched a public education campaign titled ‘Let's Talk Self-Driving’ with an aim to eradicate the cynicism that many Americans possess related to autonomous technology. ...

FDA gives the green signal for Abbott’s finger prick-free blood sugar proportion monitoring device

The U.S. Food and Drug Administration (FDA) has officially approved the FreeStyle Libre, a bottle cap-sized wearable sensor device developed by Abbot laboratories, a U.S. based healthcare firm, to continuously check the glucose levels in diabetic pat...

AliPay to disembark in Canada, Alibaba aims to strengthen retail ties between Canada and China

China's renowned e-commerce giant, Alibaba plans to usher AliPay, the country’s leading third-party online payment solution, in Canada. In order to officially launch the platform in Canada, Alibaba has been reported to have joined forces wi...

Super Retail Group effectively tackles Amazon’s foray in Australia, explores options to expand its digital offering pipeline

Super Retail Group, a massive retail chain based in Australia, is one of the few firms that seems to have an ace plan up in its sleeve for coming to grips with Amazon’s forthcoming entry in the Australia retail turf. If sources are to be believ...

Genentech’s obtains priority revenue from the U.S. FDA for its Hemophilia A treating drug, Emicizumab

The U.S. FDA (Food and Drug Administration) has accepted the BLA (Biologics License Application) of Genentech for licensing its investigational bispecific monoclonal antibody referred as Emicizumab prophylaxis to be used in treating Hemophilia A. The...

Nestle to face a legal controversy over Poland Spring Water, having been alleged as a ‘colossal fraud’

Nestle, one of the leading giants of the food and beverage industry seems to be in a legal dispute with one of its bottled water brands. Poland Spring Water, manufactured by Nestle has been slammed with the Federal lawsuit this week, claiming it to b...

Hangzhou joins forces with Alibaba, collaboration aims to revamp the city’s house rental service

China's eminent e-commerce behemoth, Alibaba has signed a strategic agreement with the Zhejiang government, which aims to make use of the company's superior technology to create an efficient online system for house rentals. Alibaba’s d...

European oil & gas firms seek authorization to explore the U.S. offshore wind energy market

The latest buzz garnering attention in the bandwagon is that of major European firms such as Statoil, DONG Energy, and Royal Dutch Shell keenly seeking to explore the lucrative & fast-growing U.S. offshore wind energy market. As per reports, Stat...

Enel Green Power Espana awarded contract by Spain Government to construct solar plants of 339 MW capacity in Bajadoz and Murcia

The latest scoop to grab the headlines in the renewable energy cosmos is that of Enel Green Power Espana being awarded a solar capacity of 339 MW by the Spanish Government to construct solar plants in the country. The acquisition of this green energy...

UAE-Qatar conflict instigates the former to authorize its first condensate supply from the United States

The United Arab Emirates (UAE) has recently purchased a cargo of condensate from the Eagle Ford – the premier liquids-rich development located in Texas. As per sources, this deal is the first acquisition of the UAE from the U.S., following the ...

Abundance’s corporate initiative for UK’s first geothermal project raises over GBP 1 million within a mere 48 hours of its launch

The exemplary success of the deployment of geothermal technology to generate electricity in Iceland and Italy may have, in all likelihood, goaded the UK government to tap the geothermal potential of the country to generate power. Financially endorsed...

SunPower turns out to be energy supplier for France, plans to deliver high efficiency solar panels for Tenergie solar projects

SunPower Corporation, the reputed majority-owned subsidiary of Total SA, the French multinational oil & gas company, has taken the renewable energy industry by storm with the announcement of its solar panel supply to a French solar project of ren...

Scotland chronicles a path-breaking renewable energy world record, maximizes its overall green energy production through wind turbines

Scotland has been immensely successful in developing an ample amount of energy through wind turbines in the first half of 2017. As per analysts, 1,039,001 MWh of electricity had been delivered to the National Grid in June, and this entire supply has ...

Merck, Pfizer, & Corning team up on a new packaging glass vial project, venture likely to bring about 4,000 high-tech jobs for Americans

The United States recently witnessed one of the biggest pacts in the pharmaceutical and glass market with the announcement of the strategic collaboration between pharmaceutical giants Merck and Pfizer with New York based glass manufacturer, Corning I...

Global automotive giant Ford to shift its Focus car manufacturing base to China by the year 2019

Ford Motors, an established automobile manufacturer based in the U.S, has declared that it will import Focus vehicles from two of its production units based in China from the onset of 2019. Experts claim this move as an effective measure taken by one...

EPSRC’s sizable endowment for an electric vehicle venture leads WMG to join hands with Jaguar Land Rover

Perpetually upholding its emblematic reputation of providing generous grants for research in sciences and engineering programs, the EPSRC (Engineering and Physical Sciences Research Council) has committed itself to yet another benefaction by providin...

Volkswagen to discontinue the sale of its Touareg car brand in the U.S. from the year 2018

Volkswagen, a reputed German car manufacturer, has decided to stop the sale of Touareg cars, a mid-sized luxury crossover SUV in the U.S. after a long spell of declining revenue from the sales of these cars. The firm could sell only 386 Touareg...

European Union’s regulatory body EC puts a red signal on the Qualcomm-NXP semiconductors merger deal

In what seems to be one of the major breakthroughs of recent times, the European Commission has decided to halt the merger deal between NXP semiconductors and Qualcomm after the latter failed to furnish the necessary details to the EU regarding the d...

Germany breaks sustainability records, generates 35% electricity from renewables

Germany has raised the percentage of its overall electricity generation from renewable sources to 35% this year. As per the BEE renewable energy association, Germany had produced 33% of its electricity from renewables in 2016, and has increased this ...

UPS strengthens commitment to sustainability, declares target of 25% renewable energy by 2025

United Parcel Service, the largest package delivery service company across the globe, has sworn to source almost 25% of its power consumption from renewable energy, by the year 2025. The supply chain management market giant has released its most rece...

Medtronic PLC signs outcome based diabetes deal with Aetna for offering enhanced value based services

Medtronic Plc., the Dublin based medical device manufacturer, has recently announced an outcome based agreement with Aetna, the healthcare insurer, for patients suffering from type 1 and type 2 diabetes, who are currently using Medtronic insulin inje...

Bekaert joins forces with ArcelorMittal, agreement aims to seal a 62.4 million-dollar steel wire deal in Brazil

According to the latest buzz on the grapevine, esteemed steel magnate, ArcelorMittal, has collaborated with Bakaert, the accomplished technology leader in steel wire coatings and transformation, with regards to a steel wire deal. The transaction curr...

The aftereffects of the Amazon-Whole Foods multi-billion-dollar deal - France’s Carrefour likely to be Amazon’s European target

Amazon, the super-imposing online retail market player, has signed an agreement to acquire Whole Foods Market Inc., the American supermarket chain that stocks foodstuffs that are completely devoid of colors, sweeteners, artificial preservatives, flav...

Nestle holds a major stake in the purchase of Freshly, the US-based ready meal delivery startup

Nestle is ready to hone its distribution network in the fast changing U.S. retail market with its announcement of acquiring a minority stake in the New York based ready meal start up, Freshly. The announcement of the deal has come just after few days...

Novartis achieves positive Phase III results for AMD, Eylea to face stiff competition ahead

Novartis, the renowned Switzerland-based pharmaceutical market player, has received data from two Phase III trials, namely, HAWK and HARRIER, that depict the optimum performance of its new VEGF-A inhibitor RTH258 (brolucizumab). As per news reports, ...

Roquette expands its business horizon in pharmaceutical excipients market

Roquette, a global supplier of plant based innovative pharmaceutical ingredients has recently announced its strategic acquisition of the renowned Brazilian tablet maker, Itacel, which is essentially a subdivision of the well-known excipients manufact...

Google’s Alphabet Incorporation to sell robot-manufacturing firms Schaft and Boston Dynamics to Japan’ Softbank Group

Softbank Group, a multinational telecommunications & internet firm based in Japan, has decided to purchase robot maker Boston Dynamics from Alphabet Incorporation, a U.S. based multinational firm and a parent company of Google, to be a forerunner...

Sinopec aims to bifold foreign investment, sets a target exceeding USD 30 billion

Sinopec Limited, renowned Chinese oil and gas company headquartered in Beijing, China, plans to increase invest more than USD 30 billion to expand its market overseas. The company, which is reportedly owned by the Chinese government, had already inve...

McClarin Plastics expands its business in Oklahoma, firm plans to increase the workforce base in Oklahoma City

McClarin Plastics, a pioneer of fiberglass reinforced, composite, and thermoformed plastics is all set to expand its business base in central and southwest region of U.S., with its recent investment in Oklahoma-based Custom Composites. Though the fin...

Germany produces more than 85% of energy from renewables, breaks global energy records

In what seems to be one of most spectacular, eye-popping scoops of recent times, Germany has produced more than 85% of its energy via renewable sources. While the country’s contribution to global renewable energy market is not unheard of, the f...

ExxonMobil to purchase one of the world’s biggest petrochemical-refining plant of the Jurong Aromatics Corporation

Jurong Aromatics Corporation, based in Singapore has signed an agreement with ExxonMobil that enables the latter to purchase Jurong’s petrochemical-refining plant by the second half of 2017. The acquisition of this plant will raise the annual a...

BASF and PI industries enter into a strategic collaboration that aims to change overall agrochemical market dynamics

BASF, a renowned name in the global chemical and agriculture market and PI Industries, a notable agrochemical company, have recently signed an agreement to create a strategic model that will offer effective crop protection solutions to farmers. This ...

BASF to serve as a Silver sponsor for FFA in 2017, chemical magnate’s alliance with FFA gets stronger

BASF SE, the largest chemical producer in the world, based in Germany, will reportedly serve as a Silver sponsor for FFA in 2017, thereby strengthening the 60-year-old partnership of BASF with the National FFA Organization. BASF has been working wit...

Apple plans to invest USD 1 billion for the expansion of its data center in Nevada

Apple has recently announced its plan to make an investment of approximately USD 1 billion for expanding its huge data center situated to the east of Reno, in the state of Nevada. This announcement has come barely a week after Apple had earlier discl...

The FDA issues warnings to 14 companies for marketing illegal cancer remedies

The Food and Drug Administration has notified 14 companies for illegally selling untested products as a viable treatment medication for cancer. Reliable sources state that 14 U.S. based companies have been found to manufacture and sell more than 65 p...

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. ...

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...

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 ...

SuperValu invests €700,000 in a partnership with Guaranteed Irish

In what may be touted as a branding strategy to promote Irish produce, SuperValu has reportedly announced its collaboration with Guaranteed Irish, a not-for-profit organization operating in Ireland. As per sources familiar with the knowledge of the m...

Bayer launches $7bn rights issue, finally wraps up Monsanto takeover

Bayer AG, a pharma giant headquartered in Germany, has introduced rights offering that is estimated at USD 7 billion. Through this strategic move, the company reportedly aims to close its USD 62.5 billion acquisition of Monsanto, an agrochemical &...

Waymo to purchase 62,000 minivans from Fiat Chrysler Automobiles

Waymo, the self-driving tech firm spun out of Google, has decided to buy out nearly sixty-two thousand minivans from Fiat Chrysler Automobiles N.V., a reputed Italian-American car manufacturer headquartered in the UK. The key objective of the purchas...

Pfizer to pay $24mn as settlement amount in copay assistance lawsuit

Pfizer Inc., a U.S. based pharma firm, has decided to pay about USD 24 million as a part of the settlement deal to resolve charges against the firm over directing Medicare patients towards a Pfizer financed Patient Access Network (PAN) foundation. Re...

HMD receives 100mn funding to further expand Nokia’s phone business

HMD Global Oy, a Finnish mobile phone firm, has raised nearly USD 100 million from various investors led by Alpha Ginko Limited, a division of Ginko Ventures, for extending the production of Nokia phones. For the record, HMD is a startup firm establi...

GE decides to combine its transport business with Wabtec Corporation

General Electric is planning to enter into an agreement with Wabtec Corporation, a U.S. based manufacturer of railway equipment, for merging its transport unit with the latter. Sources cite that the deal is expected to evaluate the combined firm at o...

Minetec to supply Olympic Dam with underground fleet management system

Australian company Minetec, a subsidiary of Codan Limited, has apparently won a contract for delivering an underground fleet management system to BHP’s Olympic Dam copper-uranium-gold mine. The monetary value of the deal is assessed at USD 9.5 ...

PayPal acquires iZettle to strengthen control in in-store payments

PayPal Holdings Inc., a U.S. based online payments firm, has decided to purchase iZettle, a Sweden-based financial tech firm for small businesses, for a valuation of USD 2.2 billion. As per sources familiar with the matter, the strategic move is aime...

Aurora Cannabis signs deal worth USD 3.2 billion to buy MedReleaf

Aurora Cannabis Inc., a licensed producer of medical marijuana, has apparently decided to acquire MedReleaf, a notable medical cannabis manufacturer, for USD 3.2 billion in an all-stock bid. According to Neil Closner, CEO of MedReleaf, this is one of...

Global wax market share to hit USD 10 billion by 2024, 5 trends predominating this industry

Wax market, driven by the rapidly expanding packaging sector, is reportedly expected to register a CAGR of 3% over 2017-2024. Globally, the packaging industry is fueled by BRICS nations, that account for around 37% of the overall demand, as per estim...

Bombardier sells Downsview to Public Sector Pension Investment Board

Bombardier Inc., a Canada-based airliner, has decided to sell its aircraft assembly location based in Toronto to a pension fund for raising capital. The move is apparently a part of the firm’s five-year recovery plan. Reports state that the air...

Amazon in the race for acquiring 60% stake in Indian firm Flipkart

Amazon Inc., the globally reputed eCommerce firm based in the U.S., has put forward a proposal for buying a 60% stake in Flipkart, India’s leading online retail firm. It is a second bid for Flipkart after Walmart had declared to acquire nearly ...

Alstom receives LTA contract for supply of 17 MRT trains to Singapore

Alstom, a French firm operating in the rail transport sector, has received a contract for supplying seventeen new mass rapid transport (MRT) trains for North East MRT Line as well as Circle Line extensions in Singapore. As per Channel NewsAsia, the c...

TCS becomes India’s first IT bellwether to hit $100bn mark in a decade

Tata Consultancy Services Limited, a notable brand name across the information technology industry, has reportedly become the first Indian firm after a span of ten years to reach the USD 100 billion market capitalization mark. The company seems to ha...

Weir Group plans to buy out ESCO Corp. in a billion-dollar worth deal

The Weir Group Plc, a UK based engineering firm, has decided to purchase Esco Corporation, a U.S. manufacturer of metal wear parts for mining & construction sectors, in a deal valued for more than USD 1 billion, including debt. It is believed tha...

P&G plans to buy out Merck’s consumer healthcare unit for USD 4.2bn

Procter & Gamble, a U.S. based consumer healthcare goods firm, has decided to purchase Merck KGaA’s consumer health business for more than USD 4 billion. The acquisition is likely to provide P&G with Seven Seas Limited, a division of Me...

TransferWise to be the first non-banking firm with a BoE account

TransferWise, a UK headquartered peer-to-peer money transfer service has seemingly become the first non-banking institution that is granted the rights to access the inter-banking payment system of the Bank of England (BoE). The strategic move is the ...

T-Mobile pays compensation over false ring tones to remote areas

T- Mobile, a wireless network operator based in the U.S., has agreed to pay compensation worth USD 40 million over the U.S. government’s claims that the firm was unable to fix issues related to false ringtones in the rural regions. As per the f...

Nexgram to distribute EVs across SEA via Zhida Group’s partnership

Renowned Malaysia based tech behemoth, Nexgram Holdings Bhd is apparently venturing into the electric vehicle business in collaboration with a Chinese supplier. If reports are to be relied on, the company has penned down an agreement with the Shangha...

Rolls-Royce sells German division L’Orange to Woodward Inc.

Rolls-Royce, a UK-based engine manufacturer, has reportedly sold its German unit L’Orange to Woodward Inc., one of the most pivotal aerospace & energy players, for USD 860 million. As per authentic reports, this divestment in L’Orange...

ComfortDelGro to acquire NPT in a deal worth S$30.2 million

In a bid to expand its reach across the patient transportation sector in Australia, ComfortDelGro Corporation has agreed to purchase a stake in the National Patient Transport (NPT) in Australia. The multinational land transportation firm headquartere...

Pavilion Capital to invest nearly S$50 million in Ezion Holdings

Ezion Holdings, a Singapore based firm operating across oil & gas business, is predicted to raise nearly S$50 million through the issuing of shares to its strategic shareholder Temasek Holdings. According to authentic sources, the Temasek-linked ...

Santos to engage with Harbour post its $10.4 billion acquisition bid

Santos Limited, an Australian gas producer, has reportedly declared that it will collaborate with Harbour Energy, a U.S. based energy investment firm, after a USD 10.4 billion acquisition proposal put forward by the latter. According to authentic sou...

EnergyAustralia inks deal to buy two Ecogen gas power units from IFM

EnergyAustralia, a power-generating & gas retailing private firm based in Australia, has entered into a USD 205 million deal with IFM for purchasing two Ecogen gas power units. As per the terms & conditions stated in the agreement, the owners...

HGS to purchase 57% stake in Element Solutions for $5 million

Hinduja Global Solutions (HGS) has declared that its subsidiary HGS UK Limited is likely to buy out a 57% ownership in Element Solutions, a digital consulting solutions firm. The company sources have claimed that the valuation of stake purchase has b...

GSK acquires stake in Novartis’s consumer healthcare business

GlaxoSmithKline, a renowned pharmaceutical giant, has announced that it will acquire 36.5% of the ownership rights in Novartis’s consumer healthcare venture for USD 13 billion in cash. For the record, last week, GSK withdrew its acquisiti...

Annica Holdings to buy a 25.79% stake in Green Pluslink Sdn Bhd

Annica Holdings Limited, an investment holding firm based in Singapore, has announced that it will purchase nearly 25.79 % shares of Green Pluslink Limited (GPL). Incidentally, this company has recently acquired a waste tire pyrolysis unit in Tanjong...

Coillte to sell its stake in wind farms for nearly €125 million

Coillte, a commercial forestry firm in Ireland, is planning to sell its stake in four wind farms for nearly €125 million. Reportedly, the sales procedure is likely to explore the interest of the investors in purchasing 50% of ownership rights in...

Khazanah plans to purchase Prince Court Medical Centre from Petronas

Khazanah Nasional Bhd, a sovereign wealth fund of the Malaysian Government, is planning to acquire a 100% ownership of the Prince Court Medical establishment from Petroliam Nasional Berhad for improving the healthcare services in Malaysia. Khazanah h...

Google teetering on the edge of buying light-field camera maker Lytro

Google has recently made it to the headlines for its decision to acquire Lytro Inc., a U.S. based firm which develops light-field cameras. The purchase deal is likely to be valued within the range of USD 25 million to USD 40 million, as quoted by sev...

Walmart & FedEx partner to compete against Amazon in retail business

In what may seem to be a major boost to the global retail sector, Walmart Inc., one of the renowned American retail giants, has announced its decision to team up with FedEx Corporation, a U.S. based courier delivery service firm, to increase shopper ...

Walmart to invest USD 7 billion in Flipkart’s eCommerce business

Walmart Inc., the reputed U.S. based retail corporation, is likely to enter into a USD 7 billion worth agreement with Flipkart, an eCommerce firm headquartered in India. According to industry experts, this strategic move may, in all plausibility, gen...

Shell New Zealand officially sold to OMV for USD 578 million

OMV, an integrated oil & gas firm based in Vienna, has purchased Shell New Zealand, the NZ subsidiary of Royal Dutch Shell Plc for USD 578 million. Shell New Zealand, reportedly, has also decided to sell the interest & operations of its Great...

Geely buys major stake in Proton to boost its vehicle production

Zhejiang Geely Holding Group, a Chinese automobile manufacturing firm, has purchased a major stake in Proton Holdings Berhad, a Malaysian firm involved in vehicle design, production, sales, & distribution activities. Experts believe that the move...

Denso-TrackX deal to deliver advanced solutions in automotive industry

TrackX Holdings Incorporation, a global provider of enterprise IIoT (Industrial Internet of Things) software platforms, has apparently signed an agreement with DENSO Products and Services Americas (DPAM). This strategic alliance between the two firms...

Xiaomi to introduce its smartphones in the U.S. market by 2018

Xiaomi Inc., a Chinese electronics & software firm, is likely to enter the U.S. smartphone market next year or by the end of 2018. The firm had already commenced its smart phone production activities in India, Western Europe, Southeast Asia, and ...

Okogen to receive over $10mn from MRCF through Series A funding

Brandon Capital’s Medical Research Commercialization Fund (MRCF), one of the biggest life science investment fund firms in New Zealand & Australia, has reportedly made investments worth USD 10 million in Okogen Inc., a biotech firm developi...

GKN spurns Melrose’s offer, diverges business units thereafter

GKN PLC, a UK based multinational automotive & aerospace component manufacturing firm, has reportedly announced the demerger demerging of its automobile & aerospace divisions by the second half of next year. The move is likely to help the fir...

Vodafone & Samsung collaborate to introduce new smart home solutions

The British Telecom firm Vodafone Group has decided to join hands with Samsung Electronics to create and introduce a variety of smart home services in the consumer electronics market. Vodafone is likely to be Samsung’s strategic telecom partner...

BHP & ExxonMobil bow out from the sale of Bass Strait Oil assets

ExxonMobil Corporation, a U.S. based oil & gas firm, and BHP, the trade body of BHP Billiton Limited and BHP Billiton plc, have apparently decided not to sell their Bass Strait oil assets. Ironically in 2016, both the firms had declared their int...

Indonesia becomes first Asian nation to sell green bonds worth $1.25bn

In what may be touted as a major step toward the reduction of greenhouse effects, the Indonesian government has decided to sell green bonds in a USD 1.25 billion transaction. Reports claim that this is the first initiative of its kind made by any As...

MHI Thermal Systems unveils 19 new air conditioners in Japan market

Mitsubishi Heavy Industries Thermal Systems Ltd., the subsidiary owned by the globally renowned Mitsubishi Heavy Industries is on its way to launch 19 advanced air conditioner models in its home ground. As claimed by the Japanese electronics gi...

Google acquires LogMeln’s Xively to expand its cloud business

In what can be touted as an attempt to reinforce its cloud business, Google, this Thursday, has apparently declared its plan of buying the IoT software provider, Xively. Reportedly, the American internet search giant has agreed to pay USD 50 mi...

Grupo Modelo pours in USD 5mn for Aguascalientes center expansion

Grupo Modelo, the globally renowned Mexico-based brewery, has recently declared its decision to invest close to USD 5 million for one of its facility expansion plans. If reports are to be believed, this subsidiary owned by Anheuser-Busch InBev, the B...

Vascutek utilizes funds worth £33mn to expand its manufacturing base

Vascutek Limited has apparently decided to set up two cleanrooms & a sterilization suite at Inchinnan, where its manufacturing base is located. The Terumo Group firm that designs, manufactures & markets vascular implants for treating heart ai...

Kroger sells its convenience store business for USD 2.15 billion

The Kroger Company, one of the largest supermarket chains in the U.S., has apparently decided to sell nearly 800 of its convenience stores to the EG Group. The sale has been estimated at USD 2.15 billion, as per CNBC. The move seems to be a part of K...

Nissan to invest USD 9 billion in China electric vehicle market

Nissan Motor Company Limited, a Japanese car manufacturer, has apparently decided to pour in nearly USD 9 billion in China in a bid to dominate the country’s electric vehicle market share. According to the President of Nissan’s China oper...

EDBI to be a part of Moderna’s funding for innovative drug discovery

EDBI, a dedicated corporate investment segment of the Singapore Economic Development Board, is apparently on the verge of making an investment in Moderna Therapeutics, a U.S. based biotech firm, along with numerous other investors. Reliable sources c...

Meridian inks three power supply agreements with Powershop

Meridian Energy Limited, a New Zealand based power generating & supplier firm, has signed three power supply contracts with Powershop, an Australian online electricity retailer. Reports cite that according to the deal, the New Zealand based firm ...

VMware may acquire its parent firm Dell via reverse merger agreement

In a bid to trade publicly without formal listing, Dell Technologies Inc., has apparently decided to sign a reverse merger pact with VMware – the 60-billion-dollar worth cloud computing subsidiary of Dell Technologies. Reports claim that this p...

STAAH-Valoot collaboration to offer WeChat Pay to its users

STAAH Limited, a New Zealand based tech firm that offers cloud-based hospitality distribution services, has integrated the most preferred payment option WeChat Pay for Chinese tourists via Valoot’s gateway solutions. It has been forecast that t...

StoreHub raises $5.1 million to expand its business in Southeast Asia

StoreHub, a retail startup firm based in Malaysia, has reportedly raised funds worth USD 5.1 million through capital investors such as Cradle Seed Ventures, Fintonia, Vertex Ventures, and Accord Ventures. Reports state that the company may utilize th...

Facebook acquires Confirm Inc. to confirm user identities

Social media giant Facebook has decided to purchase Confirm Inc., a Boston based software firm with expertise in verifying I-cards issued by the government authorities. Sources claim that FB’s strategic decision can help the company gain a bett...

Parcel Perform raises funds worth $ 1.1 million through seed funding

The Singapore based eCommerce logistics startup, Parcel Perform has reportedly raised around USD 1.1 million through seed funding. As per reliable sources, the funds were collected from Wavemaker Partners and the South East Asian fund 500 Durians whi...

NIIF & DP World expend $3 billion for India’s infrastructural growth

The National Investment & Infrastructure Fund Limited of India and DP World Limited, a global marine & inland terminal operator headquartered in Dubai, have reportedly decided to invest funds worth USD 3 billion for asset acquisition and deve...

Malaysia’s PNB to purchase Battersea Power Station for £1.6 billion

Malaysia’s foremost sovereign wealth investment firm, Permodalan Nasional Berhad (PNB) along with Employee Provident Fund (EPF) organization of the country are reportedly set to buy out Battersea Power Station for £1.6 billion. Reliable s...

Rolls-Royce plans to sell its loss-making commercial marine business

The globally reputed automotive giant, Rolls-Royce has reportedly declared that it plans to sell its commercial marine business unit, which the firm claims to have been affected severely due to its lower demand across offshore oil & gas sectors. ...

Nestle to sell its confectionery business in the U.S. to Ferrero

Ferrero SpA, one of the world’s biggest chocolate manufacturing and confectionery firm, is planning to buy Nestle’s U.S. confectionery business for USD 2.8 billion. With the former already having signed two successful agreements in the re...

Ford to expend USD 11 bn for electrifying its entire product range

The Ford Motor Company, a U.S. based automotive giant, is anticipated to invest USD 11 billion in the electric vehicle sector by 2022. As per reports, the estimated figure is bigger than its previously declared capital investment of nearly USD 4.5 bi...

MOL to expand its One2Pay online mobile payment business by 2018

MOL AccessPortal Sdn. Bhd., which creates and operates an online micropayment system, enabling users to purchase products & services digitally, is planning to increase the scope of its mobile wallet application One2Pay, to nearly 6000 acceptance ...

Smartphone distribution agreement between Huawei and AT&T ends

In what may be touted as a major jolt to Huawei Technologies’ aim of expanding its smartphone business across the U.S., the agreement between the firm and AT&T Incorporation to sell the former’s smartphones in the country has terminat...

Ripple & Bitcoin lead the tumble of cryptocurrencies in stock market

In a breakthrough witnessed across the cryptocurrency market, the value of digital currencies declined considerably yesterday with Ripple and Bitcoin taking the lead. As per authentic sources, the shares of former traded 10% lower at USD 2.46 on Bits...

AHG to buy two car dealerships worth $7.5 million in New Zealand

In what may be touted as a major boost to the NZ automobile industry, Automotive Holdings Group (AHG), an Australian based firm involved in the auto retail business, has purchased two car dealerships in Auckland for USD 7.5 million. Reports have clai...

Billabong gives the nod for the firm’s takeover by Boardriders

Iconic Australian surf brand, Billabong International Limited, this Thursday, has made it to the headlines with its announcement of entering into an agreement with Boardriders, in a bid to sell the company for almost USD 380 million. Under the propos...

Petrobras agrees to pay $3 bn to U.S investors for claim settlement

Petróleo Brasileiro SA, a Brazil based firm in the petroleum business, has announced that it will pay USD 2.95 billion to the U.S investors who had lost their currency owing to the eruption of corruption scandals that knocked down the firm&rsq...

Roku to launch its own voice assistant for business expansion

In a key breakthrough witnessed across the consumer electronics industry, Roku Incorporation has stated that it plans to develop its own voice assistant and make it available to Roku TV owners free of cost. Major officials of the firm believe that th...

GFG bids for coking coal assets, plans to buy Glencore’s Tahmoor mine

In a bid to establish a strong presence in Australia, GFG alliance, the British conglomerate, apparently, is in talks to acquire to Glencore Plc’s Tahmoor coal mine located in New South Wales. As reported, the latest move taken by the Liberty H...

Oppo to commence SIM-free smartphone sale in Japan from 2018

Oppo Electronics Corporation, a China based consumer electronics firm and a key player across China smartphone industry, is reportedly on the verge of selling SIM-free mobile handsets in Japan. As per reliable sources, the firm recently established a...

Statoil submits proposal for subsidy free offshore wind tender

Statoil ASA, the reputed Norway-based oil & gas firm, has submitted a proposal to acquire a 760 MW offshore wind project in the North Sea area of The Hollandse Kust Zuid Wind Farm in Netherlands. According to reliable sources, the firm aims to ac...

Ascential’s Clavis takeover to enhance the former’s earnings

Ascential, a UK based B2B media and information services firm, has acquired Clavis Insight, an eCommerce analytics firm headquartered at Dublin in Ireland, for nearly USD 219 million. As per reliable sources, in 2018, the former is expected to integr...

Myntra remodels AI platform to penetrate the billion-dollar space

Myntra, an Indian fashion eCommerce firm, is apparently aiming toward transforming its AI technology platform into a massive business that may churn out revenues in billions. According to experts, Rapid technology, Myntra’s AI platform, possess...

Solid Power and BMW ink contract to manufacture solid state batteries

BMW Group, a reputed firm across the automotive sector, and Solid Power, a key manufacturer of new solid state rechargeable batteries, have entered a strategic collaboration for developing & promoting the use of Solid Power’s battery system...

ExxonMobil to reveal the impact of global warming on its business

ExxonMobil, a U.S. based oil & gas corporation, has officially declared its plan to frequently publish information with regards to how climatic changes can impact its business and what policies the company would be introducing to combat climatic ...

Australian Labor Party plans to invest USD 53 million on PrEP drug

The Labor Opposition in Australia has unveiled its plans to invest nearly USD 53 million for conducting more clinical trials on PrEP, an effective medicine endowed with the ability to prevent HIV contraction. According to reliable sources, the plan e...

OG Oil & Gas makes yet another purchase bid for NZOG company

OG Oil & Gas, an oil & gas division of Ofer Global, has apparently prolonged its partial acquisition bid of New Zealand Oil & Gas (NZOG) firm yet again, stating that the deal requires more time to secure approval from the regulatory bodie...

FedEx may purchase nearly 100 of Cessna’s new freight aircrafts

Cessna, a U.S. based airplane manufacturing firm and a subsidiary of Textron, has divulged a new design referred as Sky Courier for miniature freighter & passenger airplanes. According to authentic sources, FedEx Corporation, a global courier del...

Uber issued ultimatum to terminate private services in Israel

In what may seem to be a major event witnessed across the car sharing sector, the Tel Aviv Court in Israel has issued a verdict banning Uber services in Israel, citing the reason that the company was providing the services in the country without a pr...

FortisBC to supply for Canada’s first LNG shipment to China

This Thursday, Canada’s LNG export market has apparently reached a new milestone with the news of its first shipment of 950 GJ of liquified natural gas to China. Reportedly, for the project, FortisBC’s Tilbury facility in Delta has ...

Apple Inc. purchases augmented reality headset startup firm Vrvana

Renowned American tech conglomerate, Apple Incorporation has purchased the startup firm Vrvana, manufacturer of Totem headsets, for a valuation of USD 30 million. The buyout was apparently aimed at the expansion of the firm’s virtual & augm...

Nestle announced its decision to overhaul infant nutrition business

In what may be touted as an attempt to prioritize on faster growing business verticals, Nestle, the food and beverage giant has apparently declared its decision to reorganize its infant-nutrition division, especially amidst the speculation of the com...

Tesco’s Booker acquisition receives UK regulator’s provincial approval

Tesco’s takeover of Booker, the food wholesale operator, in a bid worth USD 4.9 billion, has been provisionally cleared by the UK competition watchdog, this Thursday. Reportedly, an in-depth investigation has been conducted by the Competition a...

Amazon to sell some of its cloud solutions to the China-based Sinnet

Amazon Web Services (AWS) is apparently selling a part of its cloud business to the Chinese firm Beijing Sinnet Technology for a valuation of around USD 301 million. The decision was taken in the wake of the strict implementation of the Chinese law w...

Bill Gates to build smart city in Arizona, buys land worth $80 million

Bill Gates’s Cascade Investment LLC, has apparently decided to acquire nearly 25,000 acres of land located in the remote area of Tonopah in Arizona for USD 80 million to build a smart city for the future. The proposed city, tentatively titled B...

BCE forays into connected home market with AlarmForce acquisition

BCE Inc., the telecom behemoth, is apparently pushing its connected home business portfolio with the acquisition of AlarmForce, the Canada based home security and home automation giant for a valuation worth USD 166 million. Reportedly, the deal would...

Tesla buys Minneapolis based Perbix to combat automation challenges

The leading American automaker, Tesla, Inc., has reportedly, confirmed the acquisition of Perbix, the automated machine maker, in a bid to ramp up the production of its new model. Experts claim that the deal stands on a long-term partnership between ...

Qatar Airways procures 9.6% stake in Cathay Pacific Airways

The renowned Middle East airline, Qatar Airways, has recently announced its plans to buy a 9.6% stake in Cathay Pacific. Reportedly, the Doha based airline will complete the deal by buying Cathay’s stake from Hong Kong based Kingboard Chemical ...

Apple purchases PowerbyProxi to expand its product portfolio

Reputed tech giant, Apple Incorporation has announced the acquisition of PowerbyProxi, a New Zealand based firm providing wireless power transfer & charging services for its end users, with a view of introducing wireless charging feature in its c...

Vitol to buy Noble’s oil liquid business for USD 580 million

Embattled commodity trader, Noble Group has recently agreed to sell its U.S. based oil business to Vitol in a bid to pare down debt, amidst speculations of former having faced a major blow in the third quarter. Reportedly, Vitol, claimed to be the la...

Shell to acquire electric vehicle charging major NewMotion

Royal Dutch Shell Plc, an oil & gas behemoth, has announced its decision to acquire NewMotion, one of the leading players across Europe electric vehicle charging market to expand its service offering. The acquisition would prove to be rather bene...

Pfizer contemplates a partial sale of its consumer healthcare business

Globally acclaimed American pharma giant, Pfizer Inc., has made it to the front page for its speculation over offsetting its consumer healthcare business. The New York headquartered pharmaceutical industry player has categorically announced that it h...

Saudi Aramco expands in India’s growing oil market, launches a new unit in Gurgaon

Saudi Aramco is on the verge of expanding its oil venture in India with the official launch of its recent unit near Delhi, as the global oil exporter seeks to tap opportunities in one of the world’s largest energy markets. This Monday, India&rs...

Softbank to pour capital in Uber, ride hailing company paves way for major investment

Japan-based Softbank Group Corporation, one of most renowned internet & telecommunications industry giant, has been planning to bankroll nearly USD 1.3 billion in Uber, the most acclaimed ride-sharing multinational firm based in the U.S. The inve...

Metro Inc. to acquire Jean Coutu Group Inc. to expand its business operations across Quebec

Metro Incorporation, a leading Canadian player across food & pharmaceutical industry, has offered USD 4.5 billion to acquire Jean Coutu Group Incorporation, a pivotal participant in Canada pharmaceutical industry. Metro has had a reputation of ha...

General Motors to further penetrate wind energy market, reveals plans to purchase wind farms

Acclaimed automaker General Motors has made it to the front page for its announcement of making a substantial investment in wind power. The company’s declaration comes on the heels of its yesteryear disclosure of aiming to source all its power ...

Arla expands business within the African frontiers, establishes new facility in Ghana

Renowned European dairy behemoth, Arla, has announced its decision of expanding its footprints in the Sub-Saharan African belt, by means of establishing a new sales and packaging facility in the Republic of Ghana. This facility marks the ingression o...

Amazon plans to offer event tickets in the U.S., in talks to make a massive foray in U.S. ticketing market

Global retail behemoth, Amazon Inc., has been debating about penetrating U.S. ticketing industry, and reportedly, has been looking out to join forces with prominent venue owners in the United States to sell event tickets. As per sources, Amazon has a...

Alibaba teams up with China Unicom to expand its presence in the telecom sector by seeking SME brands

In a bid to respond to the communication demand of myriad small and medium scale business enterprises across China, e-commerce giant Alibaba Group, is ready to bet big in the nation’s telecom space. Though plans have not yet been revealed...

AstraZeneca inks oncology partnership with Merck post the former’s disastrous failure of the Mystic trial

AstraZeneca and Merck have jointly entered into a strategic oncology collaboration with an aim to collectively develop and commercialize AstraZeneca’s Lynparza oral poly ADP ribose polymerase (PARP) inhibitor for multiple cancer types as a mono...

Amazon to penetrate global B2B market, stretching beyond its conventional consumer base

Having sustained for almost two decades in the online retail space, the contribution of the multibillion dollar behemoth, Amazon, has been magnificent in the e-commerce industry. Anticipating the same success as their B2C market, the online giant rec...

Unilever & Hormel Foods engaged in a ferocious corporate brawl to acquire Reckitt Benckiser’s food section

The latest word on the street is that of Unilever and Hormel Foods Corp., engaged in a relentless tug of war to acquire the food business of British conglomerate, the Reckitt Benckiser Group. Casting aside any semblance of furtiveness, both the compa...

Uber pulls off a phenomenal move, ride hailing giant to partner with Yandex for combined business interests

In what seems to be one of the most monumental deals of recent times, world-renowned ride hailing behemoth Uber has joined hands with Russian tech titan, Yandex, to lay the foundation of a new yet-to-be-titled venture that will, in all probability, o...

Toyota plans to invest heavily in cutting-edge technology, automotive giant to spend USD 100 million in AI & robotic startups

Toyota, the well-established automotive behemoth, has officially laid the foundation to launch Toyota AI Ventures, a subsidiary that has been formed to exclusively cater to startup technology firms which center their research and production around ar...

Faraday Future’s plans of constructing a billion-dollar electric car factory in Nevada come to a grinding halt

Well-known technology start-up involved in the production of intelligent vehicles has put a temporary veil on the construction of its manufacturing plant in Nevada worth USD 1 billion. Reports state that the unfortunate financial woes of the firm&rsq...

France to cease the production of gas & diesel-powered vehicles by 2040 in a bid to reduce global GHG emissions

France has decided to banish the production and sale of cars that run on diesel and gasoline, by the end of 2040. Reportedly, this is one of the key steps taken by this developed economy for curbing greenhouse gas emissions and contributing toward th...

Halliburton Co. acquires Summit ESP to strengthen its artificial lift business

In a bid to hone its artificial lift business, Houston-based oilfield services giant, Halliburton Co. has recently announced that it plans to acquire Summit ESP Inc., the renowned American oilfield equipment provider headquartered in Tulsa, Oklahoma....

Laboratorio Teuto buys Pfizer’s 40% stock in the company, American pharma giant bids adieu to Brazil’s generic drug-making business

Pfizer’s exit from the Brazil pharma business sphere is seemingly reminiscent of the end of an era. As per reliable news reports, Pfizer’s 40% stake sale has stemmed from the company’s inability to find a single private equity firm ...

Samsung declares investments of nearly USD 18.6 billion in South Korea to further expand its memory chip & smartphone display business

Samsung Electronics, a multinational electronics corporation based in South Korea, has decided to make extensively huge investments in South Korea. The move, which is a part of the firm’s corporate social responsibility, is aimed at creating ne...

Nestle’s move to sell its stake in L’Oréal may lead to the cosmetics giant divesting its holding in Sanofi

Nestle S.A., the renowned Swiss based multinational food & drink organization, is expected to sell its stake in L’Oréal back to the French cosmetics firm. The speculation has come into being after Daniel Loeb, founder of the Third po...

Johnson & Johnson to acquire Actelion Ltd. by mid-June 2017 via its reputed subsidiary, Janssen Holding GmbH

Johnson & Johnson, the renowned participant of global pharmaceutical industry, declared that its acquisition deal worth USD 30 billion, with Actelion Limited, a Swiss-based biopharmaceutical major, has been sanctioned by the European Commission. ...

Merck inks agreement with F-Star, collaboration to strengthen Merck’s immuno-oncology pipeline

Renowned pharmaceutical market player, Merck Group, headquartered in Darmstadt, Germany, has recently collaborated with F-Star, a UK-based biotechnology firm that develops immuno-oncology bispecific antibody therapeutics. As per the agreement, Merck ...

Novo Nordisk expands business in LATAM market, promotes Saxenda to combat obesity issues

Novo Nordisk, reputed player in global pharmaceutical market, is reportedly eager to expand its business in Latin America. The Danish healthcare company headquartered in Bagsværd, Denmark aims to explore new growth avenues in the region by incr...

Boeing forays into the Arabian Peninsula, signs commercial and military deals with Saudi Arabia

Boeing, America’s multinational aircraft conglomerate, has reportedly signed numerous deals with global oil supplier and distributer, Saudi Arabia. The deals encompass everything from defense to commerce, and have been signed with an aim to enh...

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...

IPL inks interim gas supply deals to secure Gibson plant operations

Australian fertilizer firm Incitec Pivot Limited, has recently made its way to the front page by signing multiple contracts that would ensure interim gas supply for its fertilizer plant located in Brisbane till the end of 2019. For the record, the co...

Porsche advances shift into battery vehicles, buys 10% stake in Rimac

Porsche AG, a German automobile manufacturer specializing in high-performance sports vehicles, sedans, and SUVs, has claimed a 10% stake in Rimac Automobili, an electric super sports car & electric vehicle component manufacturer. Incidentally, a...

Magna & BAIC subsidiary to manufacture electric cars in China

Magna International Inc., an automotive supplier based in Canada, is planning to develop electric vehicles in China in collaboration with Beijing Electric Vehicle Company Limited, a division of BAIC Group. Reportedly, both the firms are likely to acq...

SGS buys Polymer Solutions, deal promises growth in Christiansburg

The Geneva headquartered testing laboratories company, SGS S.A., has reportedly acquired Polymer Solutions Inc., a pivotal contributor to the polymers industry in the U.S. The deal seems to be a promising one, as SGS, worth USD 6 billion, has enough ...

Pfizer sinks capital in healthcare research and cutting-edge science

Pharma magnate Pfizer reportedly aims to pour in close to USD 600 million in the field of biotechnology. As per authentic sources, the company also plans to invest capital in other emerging growth companies via its investment arm called Pfizer Ventur...

SoftBank offers $2.25 bn to GM for manufacturing autonomous cars

Softbank Group Corp., which holds 15% ownership in Uber Inc., is reportedly planning to provide funds worth USD 2.25 billion for General Motors’ autonomous vehicle initiative. Some of the key officials of GM have also declared that the automoti...

Tata Motors signs MoU with Maharashtra government to supply 1,000 EVs

In what may seem to be a major boost to promote the expansion of India electric vehicle industry, Tata Motors has inked a MoU (Memorandum of Understanding) with the Government of Maharashtra. As per the deal the company will be providing the latter w...

Nuheara makes products available in Japan consumer electronics market

Wearable devices market giant, Nuheara Limited has apparently made it to the headlines for penetrating Japan electronics industry. Reports claim that the Australia based company would be selling its signature IQbuds and IQbuds BOOST products in most ...

BW LPG makes a bid to acquire Dorian LPG for USD 1.1 billion

BW LPG, a leading provider of maritime gas transport solutions, has declared its intention of acquiring Dorian LPG, an LPG gas shipping firm, in an all-share pact estimated at USD 1.1 billion including debt. The key officials of BW LPG are of the vie...

First Quantum withdraws from Pebble Mine joint venture in Alaska

First Quantum Minerals Limited, a mining & metals firm based in Canada, has stepped back from the joint venture for the proposed Pebble Mine project development in Alaska. Reportedly, the venture is in the middle of the approval process that is h...

GOAT introduces e-scooters in Austin post approval from authorities

GOAT, a dockless electric scooter firm, has reportedly launched dockless electric scooters in Austin after obtaining approval from the transportation department of Austin for its pilot program. For the record, the company has received a green signal ...

Anthem to purchase non-hospice palliative care provider Aspire Health

Anthem Inc., a U.S. based health insurance firm, has declared that it is going to acquire Aspire Health, an outpatient palliative care provider. The deal marks a new era for the insurance firms that are trying to explore the non-hospice provider spac...

BP to invest in StoreDot’s car batteries to promote EV adoption

British oil & gas conglomerate BP, has apparently invested in the Israel based StoreDot, as it plans to venture into clear energy goals. For the uninitiated, the Tel-Aviv headquartered company, StoreDot, claims to develop advanced lithium-ion bat...

Ameren to move forward with 175-turbine wind farm in Missouri

In what may be touted as an attempt to mark its stance in the renewable energy industry, Ameren Corporation has recently announced its massive 175-wind farm project in Northeast Missouri. If reports are to be relied on, the American power giant is pl...

Tata Motors sells defense portfolio to Tata Advanced Systems Ltd

The Board of directors at Tata Motors have apparently declared that they have approved the sale of the company’s defense unit to Tata Advanced Systems (TASL). The sale deal however will not be including civilian vehicles, claim authentic source...

Hanergy introduces thin-film solar umbrella for power-deprived regions

Hanergy, a renewable energy firm based in China, has apparently launched a new product “Humbrella”- a thin-film solar powered umbrella that will offer clean & reliable power supply to places that are highly impacted by power crises. D...

First DNA sequence transfer POC test debuts in healthcare industry

The development team of DNAtix, a genetics blockchain firm, has reportedly declared that it has successfully conducted the first POC (proof of concept) test to transfer DNA sequences on the blockchain. The company that integrates blockchain and digit...

Novartis-AveXis deal causes considerable storm in healthcare industry

The globally reputed pharma company Novartis, has reportedly signed a purchase agreement with AveXis, a clinical stage gene therapy biotech firm. The deal, which is estimated at USD 8.7 billion, will complement Novartis’s gene therapy portfolio...

UK automotive industry firm PSA boosts van plant output at Luton

PSA Group, one of the pivotal contributors of the automotive and transportation industry, will reportedly be increasing the vehicle production at Vauxhall’s van unit in Luton, UK, by adding automobile brands such as Citroen and Peugeot. Sources...

Orbis buys Response Packaging to expand its geographical presence

Orbis Corporation, one of the most prominent players of polymers & advanced materials industry, has declared the acquisition of Response Packaging. As per the terms & conditions of the acquisition agreement, the Piedmont-headquartered firm in...

Hanwha strengthens stance in India bulk & specialty chemicals industry

Hanwha Chemical Corporation, one of the pivotal participants across South Korea bulk & specialty chemicals industry, is reportedly planning to set up units in the PCPIR complex in Orissa. Reports claim that the investments from the South Korean g...

Iryo steps up to improve medical record access in healthcare industry

Adriatic Slovenica, reputed insurance company, has reportedly inked a highly lucrative agreement with Iryo, a Slovenia-based healthcare blockchain startup. If authentic reports are to be believed, this partnership is aimed toward providing patients w...

Samsung ramps up 3D NAND production in China electronics industry

In a pivotal move to ramp up its 3D NAND production, Samsung Electronics, a key player across the electronics & media industry is expected to develop Xian Line 2 to fulfill the rising demand for 3D NAND flashes. With the excess production in the ...

BASF sells oleochemical surfactants business to Stepan in Mexico

BASF SE, one of the most prominent players of the global bulk and specialty chemicals industry, has reportedly claimed that it has finalized the sale deal of a part of its oleochemical surfactants business in Mexico. The unit has been sold to Stepan ...

IVL arm inks deal to buy largest PTA plant in U.S. polymers industry

In what may be touted as a major incidence in the polymers & advanced materials industry, Indorama Ventures Holdings LP has signed an acquisition deal with the M&G USA Corporation for acquiring a unit in Corpus Christi near Texas. Reliable so...

Automotive giant Volvo to develop cars for Lynk & Co at Belgium site

Volvo Car Group, the reputed player of the Sweden automotive & transportation industry, has made it to the front page for deciding to develop automobiles for Lynk & Co. Incidentally, the automobiles will be manufactured at Volvo’s manuf...

Lanxess to open a thermoplastic compounding line at Krefeld-Uerdingen

Renowned bulk and specialty chemicals industry giant Lanxess has recently made it to the headlines with the announcement of its new production line in Germany. The company has apparently commissioned a thermoplastic specialty compounding line in Kref...

Siemens to set up the largest 3D printing factory worth £27mn in UK

Siemens AG, one of the largest industrial manufacturing firms headquartered in Munich, is likely to invest around £27 million for the largest 3D printing unit based in Worcester, UK. The main objective of the firm is to make the new additive ma...

Lubrizol unveils compounding line in China polymers industry

In what may be touted as an attempt to serve the increasing demand for TPU and specialty compounds, Lubrizol Corporation has recently inaugurated its new compounding production line in Songjiang. Reportedly, the decision of expanding in China is a pa...

VW secures funds in battery supplies for its electric car production

Volkswagen AG, the renowned Germany based automotive manufacturer, has secured USD 25 billion in battery supplies, which may be targeted toward promoting its electric car production activities over the next few years. The German automaker is likely t...

E.ON-RWE deal likely to revolutionize Germany energy industry

In a strategic move that has been touted to transform the energy sector in Germany, E. ON SE has decided to acquire Innogy from RWE AG. Codenamed ‘Live Wire’, this agreement between E.ON, one of the topmost German electric utility firms a...

SA government to fund Neoen’s solar & wind hydrogen plant construction

The Labor government, Australia, has apparently decided to offer a loan worth USD 25 million to Neoen, a renewable energy firm based in France. The fund will be used for constructing a 50 MW Hydrogen electrolyser driven by a new wind & solar plan...

Microsoft partners with Atria, inks second clean energy pact in Asia

Tech behemoth Microsoft Corporation has reportedly signed a purchase agreement with Atria Power, an India based renewable energy producer. The company intends to buy 3 MW of solar power for electrifying its new data center office in Bangalore. Throug...

Microsoft inks first renewable alliance in Asia via solar power bid

The globally reputed technology magnate, Microsoft Corporation, has reportedly announced that it plans to purchase solar power from Singapore. If sources are to be believed, the company will be signing an agreement with the Singapore-based Sunseap Gr...

Coinlancer-Cryptopia partnership marks debut in blockchain industry

Coinlancer, a blockchain technology built on an Ethereum platform for effective freelancing & secured peer-to-peer exchanges, has scarcely collaborated with Cryptopia. Apparently, the deal has come to fruition post Coinlancer’s successful a...

UniQuest & PMI collaborate to develop non-addictive pain killers

UniQuest Private Limited, a commercialization unit of the University of Queensland, has apparently signed on a research & option pact with PrevCeutical Medical Incorporation (PMI). Incidentally, PMI, a Canada based biomedical firm, has been a par...

Celgene announces purchase of Juno Therapeutics for USD 9 billion

In what may be regarded as a significant breakthrough being witnessed across healthcare industry, Celgene Corporation has reportedly decided to purchase Juno Therapeutics Incorporation, a biopharmaceutical firm headquartered in the U.S., for nearly U...

Infiniti declares electrification of all its car models by 2025

Infiniti, a luxury vehicle segment of automotive manufacturer Nissan, has declared its willingness to electrify its car models, with the exception of few large SUVs, by 2021. As per information derived from authentic sources, Nissan’s luxury br...

Sun Pharmaceuticals settles drug patent litigation with pharma giants

Sun Pharmaceuticals Industries Limited, a key player across the pharmaceuticals industry, has reportedly entered into a pact with Pharma giants Allergan Plc & Ironwood Pharmaceuticals Inc. for resolving the patent dispute over the Linzess drug in...

GAC joins hands with Fiat to gain foothold in U.S. automotive market

GAC Group, a key vehicle manufacturer based in China, has reportedly decided to sell its vehicles in the U.S. by next year, by means of signing an alliance with Fiat Chrysler, an automobile manufacturer based in the United Kingdom. Some of GAC’...

Crumble to come under Australian ownership via Nestle-Robern Menz deal

Iconic Swiss food giant, Nestle, has apparently entered an agreement with South Australian choco-lord, Robern Menz, to sell its Violet Crumble brand. Reportedly, through this acquisition, the renowned FruChocs manufacturer would get an exclusive righ...

South Australia to construct giant thermal solar unit in Port Augusta

Buoyed by the success of world’s largest lithium-ion battery, South Australia is planning to construct the world’s largest solar thermal power unit at Port Augusta. According to authentic sources, the plant construction, which has receive...

Pfizer halts drug research activities for Alzheimer’s & Parkinson’s

Pfizer, a leading pharmaceutical firm based in the U.S, has taken a decision to terminate its research & development activities targeted toward launching new drugs for treating Parkinson’s and Alzheimer’s. According to the key officia...

EU approves Greek auction scheme for renewable electricity production

In what seems to be another spectacular scoop in Europe’s renewable energy cosmos, the Greek auction scheme has recently received the European Commission approval to produce electricity from high-efficiency cogeneration and renewable energy sou...

Airbus’s cutdown of A380 production to solely depend on Emirates deal

Airbus, the European aeronautical conglomerate, in all plausibility, would phase out the production of the A380 superjumbo, if it fails to win Dubai’s Emirates deal, as per the recent reports. Despite the company’s hefty airline investmen...

Wesfarmers enters a deal with Coronado to sell Curragh coal mine

In a major breakthrough witnessed across the coal mining sector, Wesfarmers Limited, an Australian firm in the retail, fertilizers, and coal mining business, is anticipated to sell Curragh coal mine to Coronado Coal Group for seven hundred million Au...

Aurora and Micron collaborate for effectively treating organic wastes

Aurora Inc., a medical marijuana producer & distributor in Canada, has entered a non-binding agreement with Micron Waste Technologies Inc., a leading manufacturer of organic waste technologies. Through this deal, Aurora possibly aims to make larg...

Inter Pipeline Limited to construct a petrochemical plant in Alberta

Inter Pipeline Limited, a petroleum transportation firm based in Canada, is anticipated to develop the country’s first propane dehydrogenation & polypropylene unit, which is forecast to cost USD 2.7 billion, in Central Alberta. The fi...

Microsoft India aims to deliver low-cost IoT solutions to farmers

The Indian division of Microsoft Corporation, the globally reputed tech conglomerate, has apparently been making every effort to minimize the IoT installation costs across the farming sector through the use of cost-effective sensors & equipment. ...

AMRC-Skolkovo deal to collaboratively target antimicrobial research

The AMR Center has joined forces with Russia’s Skolkovo Foundation to create new modes of treating microbial resistance. Sources have claimed that the former will offer preclinical assistance to the startup firms operating under the auspices of...

Apple buys Shazam to gain ground in digital music services industry

Apple Inc., the globally reputed tech behemoth, has scarcely purchased Shazam Entertainment Limited, a UK based app development firm for USD 400 million. As per reliable sources, the latter has manufactured a song-identifying application coinciding w...

Morocco signs a pact with BYD to spur its vehicle production

In what may be touted as a major boost to the vehicle manufacturing sector in North Africa, Morocco has entered a pact with BYD company limited, a reputed Chinese firm manufacturing electric vehicles, to expand its vehicle manufacturing base. As per ...

Lamborghini unveils its latest SUV model Urus SUV at Sant’Agata, Italy

Automobili Lamborghini S.p.A, an Italian based automobile firm producing sports cars, SUVs, and supercars, has unleashed the new SUV model – the all-new Lamborghini Urus SUV. As per reliable sources, the concept of manufacturing this new car mo...

Verizon to launch 5G network services in five U.S cities by 2018

Verizon, a key player across the telecom industry, has proclaimed that it plans to introduce the first 5G network in nearly five cities in the United States by the end of 2018. Sacramento in California is anticipated to be the first U.S. city that wo...

Royal Dutch Shell to upsurge spending on renewable energy projects

In a major turn of events witnessed across the oil & gas sector, Royal Dutch Shell Plc has announced an investment of nearly USD 2 billion on electric vehicles, wind power, and biofuel power projects. The firm has apparently increased its spendin...

Shell’s venture with carmakers to boost EV charging industry in Europe

Royal Dutch Shell has apparently extended a hand of interest to partner with some of the world’s largest automakers in a bid to expand its electric vehicle charging business in Europe. The move comes on the heels of the fact that the rising dem...

Sasol divests from the GTL project, sells Canadian shale gas assets

In a major breakthrough witnessed across the O&G industry, Sasol Limited has completely withdrawn from its gas-to-liquids greenfield ventures that also include a project in Louisiana, the cost of which is estimated to fall in the range of USD 13 ...

Enel wins lucrative wind project contract at Mexico auction

Enel SpA, an Italian firm manufacturing & distributing power & gas, has reportedly announced its decision to develop four wind farms in Mexico having an energy generation capacity of nearly 593 MW. The official declaration has been made post ...

Daimler AG to electrify its Mercedes-Benz automobile range

In a new move witnessed across the automotive sector, Daimler AG, a Germany based automaker, is expected to expand its electrification plans that include the launching and commercialization of its Mercedes Benz electric vans, beginning with the mid-s...

Qualcomm-NXP merger all set to receive green signal from JFTC and EU

Qualcomm, a key U.S. player across wireless telecommunications industry, is anticipated to receive a clearance approval from Japanese antitrust authorities with regards to the acquisition of NXP Semiconductors worth USD 38 billion. As per reliable so...

MYOB acquires Reckon’s accounting business for USD 180 million

MYOB, the Australia based accounting software conglomerate, has recently penned a deal of USD 180 million with Reckon for acquiring the latter’s accounting group division, in a bid to step up its position in the highly competitive software acco...

Ford Motors teams up with Roush to enhance Mustang GT performance

The Ford Motor Company, a U.S. based car manufacturer, has formed an alliance with Roush Performance, a rather pivotal automotive industry giant, in order to speed up the racing ability and speed of its Mustang car model. For the record, this automot...

Novartis to sign an acquisition deal with AAA for USD 3.9 billion

Novartis International AG, one of the most globally acclaimed pharmaceutical industry giants, is apparently planning to buy out AAA (Advanced Accelerator Applications) for a valuation of close to USD 3.9 billion. The billion-dollar deal is expected t...

IFC closes $653 mn funding package for largest solar farm in Egypt

The IFC (International Finance Corporation), an international financial institution and a prominent member of the World Bank Group, has scarcely finalized a loan of close to USD 653 million to be provided to Egypt for the construction of 13 solar pow...

Walgreens to stock naloxone for opioid overdose treatment

Walgreens Boots Alliance has declared that it would be hoarding up on Narcan, an over-the -counter naloxone drug approved by the FDA, in all its pharmacies in the U.S. to reverse the impact of opioid medicines such as prescription painkillers and her...

Avior signs a multi-year deal with Boeing 737 Max airplane program

Avior Integrated Products, the renowned Canadian aerospace manufacturer, has recently made it to the headlines with the announcement of its multi-year contract with Boeing, the American aerospace conglomerate. Reportedly, Avior Integrated Products wo...

Tesla in talks with Shanghai government to set up EV factory in China

Renowned American automaker Tesla Inc., is reportedly amidst discussions with the Shanghai government to build a manufacturing facility in the city. As per sources, this proposed move may help the American EV manufacturer penetrate successfully in Ch...

MIT introduces AI based breast cancer diagnostic model

This Thursday, the breast cancer therapeutics industry space witnessed one of the biggest scoops of recent times, with MIT unveiling an AI based model that would be able to detect breast cancer much more efficiently and accurately. Reportedly, ...

Spark Therapeutics’ injectable therapy waits for FDA approval

A panel of federal health advisers has recently endorsed an experimental approach for patients affected with hereditary blindness, setting the stage for the FDA approval of a groundbreaking gene therapy treatment. Reportedly, a board of experts from ...

TransCanada cancels Energy East Pipeline plan citing regulatory blocks

The Canadian denizens seem to have finally taken a breather post TransCanada’s stupefying announcement this week, regarding the termination of its much-acclaimed Energy East Pipeline project, the proposal for which kicked off more than four yea...

Walmart plans to exchange or refund online items in tangible stores, introduces Mobile Express Returns to accomplish the same

Renowned retail giant Walmart, plans to launch the Mobile Express Returns, a supposedly new in-store returns service, with an aim to facilitate convenient refunds and exchange offers for goods purchased online. Walmart’s move may be one amongst...

BMW pours in further reserves in the Rosslyn plant, invests ZAR 160 million to upgrade plant flexibility

The South African subsidiary of the renowned automotive behemoth, has invested a substantial amount of money in its manufacturing facility at Rosslyn in Pretoria with an aim to possibly improve the productivity and flexibility of the plant. The Germa...

Celgene Corporation to extend its partnership with FORMA Therapeutics to explore new dimensions across pharma and healthcare sectors

Celgene Corporation, a key player in the biopharmaceutical industry, has extended its partnership with FORMA Therapeutics Incorporation, a major giant in the pharmaceutical sector, to pursue research in the field of oncology and therapeutic medicine....

IBM inks blockchain alliance with 10 colossal food giants, multi-firm collaboration aims to regularize global food safety

In what may be proclaimed as one of the most iconic deals in the history of blockchain technology industry and the F&B sector, IBM has forged a highly strategic partnership with not one, not two, but ten highly renowned, affluent food behemoths. ...

Merck commits toward the elimination of schistosomiasis by collaborating with Baylor College of Medicine

Vaccine experts have long overlooked the necessity of developing products for diseases that are more prevalent in poor countries while prioritizing on other lucrative projects. Contrary to this conventional approach, Merck and Baylor College of Medic...

AT&T Incorporation makes a shift in its leadership positions ahead of the finalization of its merger deal with Time Warner

AT&T Incorporation, a U.S. based telecommunications giant, has declared that three of its senior officials will acquire key posts in the company in the beginning of August, as the firm is all set to merge with Time Warner Inc., an American entert...

U.S. government to step up the stamp of approval against Venezuela oil industry following disputable elections

The U.S. government has charged 13 high-ranking Venezuelan officials on the grounds of human rights violations and corruption, undermining the South American democratic framework. As per reports, a slew of further sanctions against many other officia...

Meituan-Dianping plans to penetrate offline retail industry, joins the likes of JD.com Inc. and Alibaba

The latest scoop hot off the griddle is that of Meituan-Dianping, China's largest provider of online and on-demand services, planning to invest extensively in offline retail services by means of a top-notch strategy that will align it alongside t...

UK government undertakes 30th licensing round for the mature areas of Britain’s North Sea

UK’s oil & gas regulating authority (OGA) had recently conducted its 30th offshore licensing round that provides access to 813 oil & gas exploration blocks, which form a part of the matured areas of Britain’s portion of the North ...

China’s robustly expanding electric car business forges rewarding opportunities for Japanese SMBs

The escalating growth of the electric car industry in China is apparently set to provide a slew of lucrative business opportunities for small and medium-sized auto parts manufacturers in Japan. Most of these Japanese manufacturers apparently develop ...

Maersk & GE augment digitization tie-up, global offshore drilling industry to surmount a step further

Having successfully embarked on cutting-edge trend of digitization, General Electric Company and Maersk Drilling have decided to extend their partnership which broke ground last year. Reports affirm that the alliance emphasizes on improving reinforci...

Duke Energy plans to set up its first three solar energy plants in Kentucky, construction expected to materialize by the end of 2017

Duke Energy, the reputed U.S. based electric power holding firm, has declared its plans to set up three solar power ventures in Kentucky, across the Kenton and Grant counties. A substantial amount of the construction of these plants is expected to be...

UnitedHealth Group & AARP to extend their business partnership in a bid to improve the health of the geriatric U.S. population

UnitedHealth Group, a U.S. based healthcare firm, has declared a corporate extension of its business relationship with American Association of Retired Persons (AARP) Incorporation, the largest non-profit institution in the United States, renowned for...

Medicare to dodge mandatory cuts in 2017, U.S social insurance program to remain solvent through 2029

The latest buzz on the healthcare insurance grapevine is the termination of monetary cuts in the hospital care funding for the geriatric & disabled population in the U.S. As per a report released by reliable sources, this decision will remain int...

Toshiba Corp. in talks with Foxconn and Western Digital Corp over USD 18 billion chip business

Toshiba Corp. is ready to kickstart a bidding war with its recent announcement of reviving its chip processor business worth a stupendous USD 18 billion. Reportedly, the Japanese consumer electronics giant has depicted an interest in Taiwan-based Fox...

French-based multinational Schneider Electric SE resumes talks of supposed merger with UK’s IT magnate Aveva for the third time since 2015

Renowned French energy management & automation giant Schneider Electric SE has been planning to discuss the possibility of a merger with Aveva, a UK based IT firm, as per the reports from reliable sources. Apparently, this is the third attempt fo...

Canada’s Competition Bureau approves Dow-Dupont merger post the outlined asset sales of both the chemical giants

The latest buzz that has become the talk of the industry is Canada’s affirmative nod to the strategic merger of Dow and DuPont. As per reliable sources, Canada’s Competition Bureau has given a ruling that allows the Dow Chemical Company, ...

Amazon’s NFL games’ 30- second ad packages to cost USD 2.8 million for the advertisers

Amazon, a reputed American eCommerce & cloud computing firm, has taken over the streaming rights of the National Football League games from Twitter by paying USD 50 million to the NFL. The former has offered to charge the advertisers with USD 2.8...

ABB aims to acquire L&T’s electrical business to enhance its overall production capacity, negotiations still on the move

ABB Group, a Swedish-Swiss multinational firm and one of the key players of North America assembly automation market, is eager to purchase the electrical and automation segment of Larsen & Toubro Limited, the Indian multinational corporation offe...

Ford Motor Company to shift Focus production in China by the middle of 2019 to reduce tooling costs

Ford Motor Company, one of the key players of global automotive market, has recently taken a decision that highlights the company’s shifting landscape of small car production. It has been reported that Ford Motors would centralize its next gene...

Roquette’s investment in Northern France pea processing unit to reinforce its leadership over the global market

Roquette, a pioneer in plant-based food ingredients, with their recent announcement of investing over EUR 40 million in their new North American pea protein processing project in Vic-sur-Aisne, is all set to add a new feather in the company’s p...

Royal Dutch Shell PLC and Ensco PLC to be involved in crucial M and A deals to expand their oil and gas business on a global scale

Chevron Corporation, a renowned multinational energy corporation headquartered in California, United States, has agreed to sell all its shares in CTTR (Chevron Trinidad and Tobago Resources SRL) and in Trinling Limited, an LNG marketing & transpo...

Walmart invests millions of dollars as a part of its portfolio upgradation plan to renovate twelve of its stores in Michigan

Global retail giant Walmart reportedly plans to invest heavily to renovate twelve of its stores in Michigan, U.S.A., as a part of upgrading the chain’s store portfolio and enhancing the growth of the online retail market in the U.S. Walmart to...

Amazon to invade the pharmaceutical space, industry players to face tough challenges ahead

Global retail and wholesale market player, Amazon, has ambitious plans to penetrate the pharmaceutical industry. Reports state that the retail magnate has hired a renowned business lead to determine how it can enter the pharma business space. Amazon...

Europe plans to construct its own set of gigafactories, sets ground for a fierce competition against Tesla

Europe plans to construct a vast number of battery-making gigafactories across the continent with a view to empower the sale of cheaper batteries for electric cars. Possibly, the plan was also aimed to compete with Tesla, which has already announced ...

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