Vendease raises $30M to expand its foothold in Ghana and Nigeria
Date: 2022-09-27   Autor: Pankaj Singh

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

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Samvardhana Motherson to expand R&D and manufacturing footprint in Japan
Date: 2022-09-26   Autor: Saipriya Iyer

SMRPBV (Samvardhana Motherson Automotive Systems Group BV), a well-known automotive solutions provider, has reportedly inked an agreement with Ichikoh Industries, a subdivision of Valeo SE, in Japan to acquire a 100% stake in its mirror business. ...

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Icanic Brands inks LOI to acquire 100% equity stake in The Leaf
Date: 2022-09-20   Autor: Pankaj Singh

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

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BYND Cannasoft inks a pact to acquire Zigi Carmel Initiatives & Investments
Date: 2022-09-19   Autor: Saipriya Iyer

Well-known software Company, BYND Cannasoft Enterprises, has recently announced that it has agreed to obtain 100% ownership of Zigi Carmel Initiatives & Investments (ZC). Apparently, ZC holds a patent-pending intellectual property for a therap...

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Everstone buys controlling interest in Softgel Healthcare for scaled operations
Date: 2022-09-15   Autor: Saipriya Iyer

Everstone Capital, a Singapore-based private equity division of the Everstone Group, has recently announced that it has acquired a controlling stake in SHPL Softgel Healthcare or SHPL, a well-known pharma-based firm. With this partnership, SHPL wi...

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Online Christmas returns add to USD 9.46 billion bill for retailers
Date: 2022-01-03   Autor: Pankaj Singh

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

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Phase 1b Clinical Trial of AN0025 Begins - The first Patient Dosed
Date: 2020-08-25   Autor: Pankaj Singh

Adlai Nortye Ltd., a global biopharmaceutical company dedicated to developing innovative treatments for cancer, stated that in a phase 1b clinical trial (AN0025S0103), the first patient is been dosed to evaluate AN0025. It is a unique oral EP4 antago...

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Shell sells upstream and midstream assets in Pennsylvania to NFG
Date: 2020-05-06   Autor: Pankaj Singh

Royal Dutch Shell plc, through its subsidiary SWEPI LP, has reportedly inked a purchase and sale agreement with the American energy company, National Fuel Gas (NFG) to sell its midstream and upstream assets in Pennsylvania. The deal valuation apparen...

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Microsoft-GE Healthcare unite to launch COVID-19 monitoring software
Date: 2020-04-16   Autor: Saipriya Iyer

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. ...

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Agnetix closes oversubscribed Series Seed Preferred funding round
Date: 2020-01-24   Autor: Pankaj Singh

Agnetix, a leading provider of advanced technology and sustainable lighting system in horticulture for commercial indoor growers, has announced the closing of its Series Seed Preferred funding round. The funding was considerably oversubscribed and co...

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Tata Group to buy a stake in Bisleri International for business expansion
Date: 2022-09-12   Author: Saipriya Iyer

Indian multinational conglomerate, the Tata Group has reportedly made an offer to acquire a stake in one of the leading water packaging and Ramesh Chauhan-owned firm in India, Bisleri International. ...

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LegitFit secures $1.04 M in a seed funding round to expand in the U.K.
Date: 2022-09-10   Author: Saipriya Iyer

LegitFit, a well-known gym and studio software startup based in Cork, Ireland, has reportedly raised $1.04 million (€1 million) in a seed funding round for U.K. expansion. Ap...

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Endotherapy Devices Market by Type, Application, Element - Global Trends and Forecast to 2028
Date: 2022-08-08   Author: Rahul Varpe

Global market insights declares the publication of its latest research report, with the title ‘global Endotherapy Devices market’. This report sheds light on the analysis of the industry challenges, growth opportunities, industry threa...

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Ontrack unveils new data recovery solutions and PPA member discounts
Date: 2020-01-20   Author: Saipriya Iyer

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 disco...

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Cogitativo secures $18.5Mn from its Series B financing round
Date: 2019-12-19   Author: Pankaj Singh

Cogitativo Inc., a U.S.-based data-science-as-a-service (DSaaS) company focusing on healthcare organizations, has recently raised $18.5 million from a Series B funding round led by Wells Fargo & Company’s who...

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UAE telecom company gives clean chit to Huawei’s 5G technology
Date: 2019-10-07   Author: Saipriya Iyer

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 ...

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Oakley Capital to acquire majority stakes in German gift card firm
Date: 2019-08-17   Author: Pankaj Singh

OCI to buy majority stakes in German gift card company Seven Miles. This transaction demonstrates Oakley’s prowess in sourcing opportunitie...

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CEVA acquires sensor processing tech firm Hillcrest Laboratories
Date: 2019-07-23   Author: Pankaj Singh

The acquisition will strengthen CEVA’s smart technology profile that will include vision, sound and motion sensing along with developed processors to facilitate artificial intelligence. ...

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Paytm to acquire insurance startup Coverfox for $100-$120 million
Date: 2019-06-03   Author: Pankaj Singh

If transaction turns out to be successful, Paytm will be positioned as one of the largest competitors for insurance marketplace Policybazaar. Indian e-commerce pa...

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Edgewell Personal Care to acquire Harry’s Inc. for $1.37 billion
Date: 2019-05-11   Author: Pankaj Singh

The founders of Harry’s Jeff Raider and Andy Katz-Mayfield will reportedly join Edgewell’s executive team as co-presidents of the U.S. operations of the company. ...

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Podimetrics secures $13.4m funding for diabetic foot ulcer device
Date: 2019-05-11   Author: Pankaj Singh

Reports confirm that Podimetrics, based in Somerville, Massachusetts has recently secured $13.4 million in a series B round of funding, participated by Scientific Health Development, Rock Health, and Norwich Ventures, ...

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IT giant Cognizant acquires Dublin-based fintech firm Meritsoft
Date: 2019-03-07   Author: Shikha Sinha

The company with this acquisition will leverage Meritsoft’s know-how to help clients transform business for the digital era. American IT conglomerate, Cogni...

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Mercer acquires Mettl to invest in India talent assessment market
Date: 2018-10-09   Author: Shikha Sinha

Mercer, one of the world’s leading consulting firms, has reportedly announced the acquisition of Mettl, an Indian online talent assessment solution provider. As per reliable sources, Mettl provides multi-lingual ...

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Renesas partners with Alibaba to strike gold in the China IoT market
Date: 2018-09-27   Author: Shikha Sinha

Renesas Electronics Corporation, a Japanese semiconductor manufacturer, has reportedly made it to the headlines for its partnership with Alibaba Group Holding, the Chinese multinational conglomerate. The collaboration ...

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HP to explore the refurbished personal computers market in India
Date: 2018-09-25   Author: Pankaj Singh

HP Inc. is reportedly looking to enter the refurbished market for personal computers in India, in an effort to offer more affordable products. The company had recently launched mini-desktops in India starting at Rs. 19...

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MIRA retains a dominant share of 90% in Mexican solar power portfolio
Date: 2018-08-30   Author: Pankaj Singh

One of the subsidiaries of the Australian banking behemoth Macquarie Group, Macquarie Infrastructure and Real Assets (MIRA), has reportedly obtained a stake of 90% in a Mexican solar power portfolio. Endowed with a cap...

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Chicago, San Francisco, Atlanta secure the top 3 positions as metros with ‘Green’ certified buildings: CBRE
Date: 2018-08-29   Author: Pankaj Singh

The largest metros of the United States are getting greener with each passing year – claims the fifth annual U.S. Green Building Adoption Index recently published by CBRE and Maastricht University. Accor...

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Irish video-game firm Keywords Studios makes a purchase of £26m
Date: 2018-08-22   Author: Pankaj Singh

Keywords Studios, the Irish video-game giant has reportedly taken over Electric Square and Studio Gobo (called "Gobo" together) with an investment of about £26 million (€29 million). ...

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SuperValu invests €700,000 in a partnership with Guaranteed Irish
Date: 2018-08-20   Author: Saipriya Iyer

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 fami...

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Geely plans to invest close to $2 billion on the revival of Lotus car
Date: 2018-08-12   Author: Shikha Sinha

Geely, a Chinese automotive manufacturing company, has reportedly made plans to invest a minimum amount of 1.5 billion pounds (USD 1.9 billion) in a bid to revive the famous British automotive brand Lotus. ...

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UiPath and Ubiquity join forces to take RPA to the next level
Date: 2018-08-01   Author: Pankaj Singh

UiPath & Ubiquity Technology have reportedly come together to offer Robotic Process Automation (RPA) services to customers through their latest partnership. Sources cite that Ubiquity will leverage UiPath’s e...

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Rolls-Royce designs EVTOL vehicle plans to enter flying taxi market
Date: 2018-07-16   Author: Pankaj Singh

British jet engine manufacturer Rolls-Royce in its recent announcement has unveiled that it is planning to foray the flying taxi market and would soon take the skies by next decade. Reportedly, the company has designed...

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Pomelo all set to launch its debut micro-retail store in Singapore
Date: 2018-06-29   Author: Pankaj Singh

Pomelo Fashion, the Thai fashion site will be expanding its online-to-offline business framework with the opening of its retail store in Southeast Asia. Sources revealed that Singapore is being elected as the destinati...

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GE to spin off its healthcare unit and divest Baker Hughes’ interests
Date: 2018-06-28   Author: Pankaj Singh

General Electric on Tuesday announced that it will spin off its healthcare business unit and let go of its stake in Baker Hughes, its publicly traded oil-services company. GE will reportedly be focusing on power plants...

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Strawberries grown in vertical farms debut in Singapore markets
Date: 2018-06-24   Author: Shikha Sinha

Sus-tenir Agriculture, an agricultural company in Singapore, has apparently announced the launch of its vertical farm-grown strawberries across selected supermarkets in the nation. ...

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PayPal confirms decision to buy global payout platform Hyperwallet
Date: 2018-06-21   Author: Pankaj Singh

PayPal Holdings, Inc. reportedly confirmed that it will acquire Hyperwallet, in a deal said to be worth $400 million to enhance its payout capabilities and enable the company to introduce unified payment solutions to e...

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Bayer launches $7bn rights issue, finally wraps up Monsanto takeover
Date: 2018-06-04   Author: Saipriya Iyer

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 o...

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Waymo to purchase 62,000 minivans from Fiat Chrysler Automobiles
Date: 2018-06-03   Author: Saipriya Iyer

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. ...

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Pfizer to pay $24mn as settlement amount in copay assistance lawsuit
Date: 2018-05-29   Author: Saipriya Iyer

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 Acc...

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HMD receives 100mn funding to further expand Nokia’s phone business
Date: 2018-05-22   Author: Saipriya Iyer

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 recor...

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GE decides to combine its transport business with Wabtec Corporation
Date: 2018-05-21   Author: Saipriya Iyer

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...

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Minetec to supply Olympic Dam with underground fleet management system
Date: 2018-05-20   Author: Saipriya Iyer

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 ...

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PayPal acquires iZettle to strengthen control in in-store payments
Date: 2018-05-19   Author: Saipriya Iyer

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 ma...

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Aurora Cannabis signs deal worth USD 3.2 billion to buy MedReleaf
Date: 2018-05-15   Author: Saipriya Iyer

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, ...

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Royal Dutch Shell to drop its stake in Amberjack Pipeline for $1.22 bn
Date: 2018-05-14   Author: Shikha Sinha

Oil major Royal Dutch Shell has recently unveiled in an announcement that it will be selling its ownership interest in the Amberjack Pipeline Company LLC. The sale deal with its subsidiary Shell Midstream Partners, L.P...

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Global wax market share to hit USD 10 billion by 2024, 5 trends predominating this industry
Date: 2018-05-13   Author: Saipriya Iyer

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 ...

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Bombardier sells Downsview to Public Sector Pension Investment Board
Date: 2018-05-04   Author: Saipriya Iyer

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 ...

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Amazon in the race for acquiring 60% stake in Indian firm Flipkart
Date: 2018-05-03   Author: Saipriya Iyer

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...

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Alstom receives LTA contract for supply of 17 MRT trains to Singapore
Date: 2018-05-02   Author: Saipriya Iyer

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...

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Xcel Energy receives green signal for wind farms in New Mexico & Texas
Date: 2018-05-01   Author: Shikha Sinha

Xcel Energy, Inc., a utility holding company in the U.S. wind energy market has recently announced that it has secured regulatory approvals from the Public Utility Commission of Texas to make headway with its plans of ...

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Toyota invests $170 MN in Mississippi, facilitates Corolla production
Date: 2018-04-30   Author: Shikha Sinha

Toyota invests $170 MN in Mississippi, facilitates Corolla production Toyota Motor Corp., the renowned Japanese automotive giant, has recently announced an investm...

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TCS becomes India’s first IT bellwether to hit $100bn mark in a decade
Date: 2018-04-23   Author: Saipriya Iyer

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 capitalizati...

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Yinson & Sumitomo team up to operate FPSO & FSO projects worldwide
Date: 2018-04-22   Author: Shikha Sinha

Yinson Holdings Berhad, a world leader in FPSO market, has recently announced that it is collaborating with a Japanese company Sumitomo Corp. The partnership is aimed at conjointly entering the business of leasing and ...

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Weir Group plans to buy out ESCO Corp. in a billion-dollar worth deal
Date: 2018-04-20   Author: Saipriya Iyer

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, in...

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P&G plans to buy out Merck’s consumer healthcare unit for USD 4.2bn
Date: 2018-04-20   Author: Saipriya Iyer

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 Seve...

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TransferWise to be the first non-banking firm with a BoE account
Date: 2018-04-19   Author: Saipriya Iyer

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 (...

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T-Mobile pays compensation over false ring tones to remote areas
Date: 2018-04-17   Author: Saipriya Iyer

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...

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Nexgram to distribute EVs across SEA via Zhida Group’s partnership
Date: 2018-04-15   Author: Saipriya Iyer

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 do...

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Rolls-Royce sells German division L’Orange to Woodward Inc.
Date: 2018-04-10   Author: Saipriya Iyer

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, t...

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ComfortDelGro to acquire NPT in a deal worth S$30.2 million
Date: 2018-04-10   Author: Saipriya Iyer

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 ...

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Ofcom raises over £1 billion via auction of 34 lots of spectrum
Date: 2018-04-08   Author: Shikha Sinha

UK telecommunication regulator Ofcom has recently announced that it has raised close to GBP 1.35 billion (USD 1.89 billion) via an auction of spectrum in two frequency bands - 2.3-GHz (4G) and 3.4-GHz. Apparently, the ...

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Pavilion Capital to invest nearly S$50 million in Ezion Holdings
Date: 2018-04-07   Author: Saipriya Iyer

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 authen...

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Santos to engage with Harbour post its $10.4 billion acquisition bid
Date: 2018-04-03   Author: Saipriya Iyer

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 la...

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EnergyAustralia inks deal to buy two Ecogen gas power units from IFM
Date: 2018-04-02   Author: Saipriya Iyer

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 sta...

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HGS to purchase 57% stake in Element Solutions for $5 million
Date: 2018-04-01   Author: Saipriya Iyer

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 v...

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GSK acquires stake in Novartis’s consumer healthcare business
Date: 2018-03-28   Author: Saipriya Iyer

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 ...

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Annica Holdings to buy a 25.79% stake in Green Pluslink Sdn Bhd
Date: 2018-03-26   Author: Saipriya Iyer

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 wast...

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Coillte to sell its stake in wind farms for nearly €125 million
Date: 2018-03-24   Author: Saipriya Iyer

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 purch...

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Khazanah plans to purchase Prince Court Medical Centre from Petronas
Date: 2018-03-23   Author: Saipriya Iyer

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 ...

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Google teetering on the edge of buying light-field camera maker Lytro
Date: 2018-03-22   Author: Saipriya Iyer

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 ...

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Walmart & FedEx partner to compete against Amazon in retail business
Date: 2018-03-21   Author: Saipriya Iyer

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 se...

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Walmart to invest USD 7 billion in Flipkart’s eCommerce business
Date: 2018-03-18   Author: Saipriya Iyer

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 mo...

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Shell New Zealand officially sold to OMV for USD 578 million
Date: 2018-03-16   Author: Saipriya Iyer

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 intere...

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InterChem’s GBP 1mn fund may help to spike new polymer production
Date: 2018-03-14   Author: Pankaj Singh

One of the global leaders in the petrochemical industry, InterChem has invested USD 1.4 million in Recycling Technologies, a fairly strong player in UK polymers and advanced materials industry. Incidentally, Recycling ...

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Geely buys major stake in Proton to boost its vehicle production
Date: 2018-03-13   Author: Saipriya Iyer

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 activitie...

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VW’s latest emission charge to hamper its stance in automotive market
Date: 2018-03-12   Author: Pankaj Singh

The German automaker Volkswagen has been facing another hurdle in the automotive and transportation industry. Reportedly, The Australian Automobile Association (AAA) accused this leading automaker of not essentially fi...

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Ingevity acquires Georgia-Pacific’s pine chemicals business
Date: 2018-03-09   Author: Shikha Sinha

Renowned specialty chemicals and high-performance carbon materials manufacturer, Ingevity Corporation, has recently announced to have acquired pine chemicals business unit of Georgia-Pacific. Reportedly, the latest tak...

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DuPont Tate & Lyle expands bio-based propanediol production
Date: 2018-03-08   Author: Pankaj Singh

DuPont Tate and Lyle Bio Products, LLC, has reportedly declared the expansion of its manufacturing unit in Loudon, Tennessee. Incidentally, the firm is a joint venture between DuPont and Tate & Lyle. This expansion...

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Denso-TrackX deal to deliver advanced solutions in automotive industry
Date: 2018-03-07   Author: Saipriya Iyer

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 strategi...

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Xiaomi to introduce its smartphones in the U.S. market by 2018
Date: 2018-03-06   Author: Saipriya Iyer

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, West...

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Coolpad penetrates wearables sector via partnership with Qualcomm
Date: 2018-03-03   Author: Shikha Sinha

At the ongoing Mobile World Congress (MWC) 2018, China based smartphone manufacturer Coolpad has apparently announced that it has paired up with renowned chipmaker Qualcomm to enter the smart wearable gadgets market. A...

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J&J Innovation provides S$5m in World Without Disease Research Grants
Date: 2018-03-02   Author: Shikha Sinha

In its persistent efforts to accelerate the pace of life science research around the world, Johnson & Johnson Innovation has recently announced the names of three contestants that would receive S$5.1 million for th...

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Okogen to receive over $10mn from MRCF through Series A funding
Date: 2018-03-01   Author: Saipriya Iyer

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...

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GKN spurns Melrose’s offer, diverges business units thereafter
Date: 2018-02-28   Author: Saipriya Iyer

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. Th...

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Vodafone & Samsung collaborate to introduce new smart home solutions
Date: 2018-02-27   Author: Saipriya Iyer

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&r...

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BHP & ExxonMobil bow out from the sale of Bass Strait Oil assets
Date: 2018-02-24   Author: Saipriya Iyer

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 ...

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Indonesia becomes first Asian nation to sell green bonds worth $1.25bn
Date: 2018-02-23   Author: Saipriya Iyer

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 initiat...

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MHI Thermal Systems unveils 19 new air conditioners in Japan market
Date: 2018-02-19   Author: Saipriya Iyer

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 claime...

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Google acquires LogMeln’s Xively to expand its cloud business
Date: 2018-02-16   Author: Saipriya Iyer

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 g...

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Grupo Modelo pours in USD 5mn for Aguascalientes center expansion
Date: 2018-02-15   Author: Saipriya Iyer

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 owne...

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Vascutek utilizes funds worth £33mn to expand its manufacturing base
Date: 2018-02-13   Author: Saipriya Iyer

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 vascula...

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East Ventures participates in Warung Pintar’s $4mn funding round
Date: 2018-02-12   Author: Pankaj Singh

The Indonesian retail technology company, Warung Pintar, has reportedly been on the receiving end of quite some capital this week. Reliable sources claim that several companies, including Digital Garage, Insignia Ventu...

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Kroger sells its convenience store business for USD 2.15 billion
Date: 2018-02-06   Author: Saipriya Iyer

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 ...

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Nissan to invest USD 9 billion in China electric vehicle market
Date: 2018-02-05   Author: Saipriya Iyer

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 Presid...

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EDBI to be a part of Moderna’s funding for innovative drug discovery
Date: 2018-02-02   Author: Saipriya Iyer

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 oth...

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Meridian inks three power supply agreements with Powershop
Date: 2018-02-01   Author: Saipriya Iyer

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 d...

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VMware may acquire its parent firm Dell via reverse merger agreement
Date: 2018-01-30   Author: Saipriya Iyer

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 Technol...

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STAAH-Valoot collaboration to offer WeChat Pay to its users
Date: 2018-01-28   Author: Saipriya Iyer

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 soluti...

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HBAN-DIA collaborate to invest nearly USD 3.75 mn in Irish firms
Date: 2018-01-27   Author: Shikha Sinha

Halo Business Angel Network (HBAN), an Ireland based dedicated, all-island umbrella group for business angel networks, has recently announced that it has inked its first overseas partnership with the Digital Irish Ange...

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SwipedOn to expand business post USD 1 million capital raise
Date: 2018-01-26   Author: Shikha Sinha

SwipedOn, a Tauranga-based software firm has recently announced that it has raised over USD 1 million after hitting a revenue mark of the same value in annual sales. Reportedly, this million-dollar capital, raised by t...

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StoreHub raises $5.1 million to expand its business in Southeast Asia
Date: 2018-01-25   Author: Saipriya Iyer

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...

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Facebook acquires Confirm Inc. to confirm user identities
Date: 2018-01-24   Author: Saipriya Iyer

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 ...

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Parcel Perform raises funds worth $ 1.1 million through seed funding
Date: 2018-01-23   Author: Saipriya Iyer

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...

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NIIF & DP World expend $3 billion for India’s infrastructural growth
Date: 2018-01-22   Author: Saipriya Iyer

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 billio...

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Malaysia’s PNB to purchase Battersea Power Station for £1.6 billion
Date: 2018-01-19   Author: Saipriya Iyer

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 fo...

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Rolls-Royce plans to sell its loss-making commercial marine business
Date: 2018-01-18   Author: Saipriya Iyer

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 ...

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Nestle to sell its confectionery business in the U.S. to Ferrero
Date: 2018-01-17   Author: Saipriya Iyer

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...

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Ford to expend USD 11 bn for electrifying its entire product range
Date: 2018-01-15   Author: Saipriya Iyer

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...

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MOL to expand its One2Pay online mobile payment business by 2018
Date: 2018-01-11   Author: Saipriya Iyer

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 One...

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Smartphone distribution agreement between Huawei and AT&T ends
Date: 2018-01-10   Author: Saipriya Iyer

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 smartph...

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