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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Ripple & Bitcoin lead the tumble of cryptocurrencies in stock market
Date: 2018-01-09   Author: Saipriya Iyer

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 trad...

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AHG to buy two car dealerships worth $7.5 million in New Zealand
Date: 2018-01-08   Author: Saipriya Iyer

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 US...

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Billabong gives the nod for the firm’s takeover by Boardriders
Date: 2018-01-05   Author: Saipriya Iyer

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 U...

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Petrobras agrees to pay $3 bn to U.S investors for claim settlement
Date: 2018-01-04   Author: Saipriya Iyer

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 scandal...

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Roku to launch its own voice assistant for business expansion
Date: 2018-01-04   Author: Saipriya Iyer

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 offic...

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GFG bids for coking coal assets, plans to buy Glencore’s Tahmoor mine
Date: 2018-01-02   Author: Saipriya Iyer

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 la...

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Oppo to commence SIM-free smartphone sale in Japan from 2018
Date: 2017-12-29   Author: Saipriya Iyer

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,...

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Cairn India Holdings to acquire more than 50% stake in AvanStrate
Date: 2017-12-28   Author: Pankaj Singh

Cairn India Holdings Ltd, which is an arm of the mining and metal firm Vedanta Resources Plc., has reportedly acquired a 51% stake in the Japanese liquid crystal display glass substrate manufacturer company, AvanStrate...

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Statoil submits proposal for subsidy free offshore wind tender
Date: 2017-12-28   Author: Saipriya Iyer

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 relia...

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Ascential’s Clavis takeover to enhance the former’s earnings
Date: 2017-12-27   Author: Saipriya Iyer

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, ...

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Myntra remodels AI platform to penetrate the billion-dollar space
Date: 2017-12-26   Author: Saipriya Iyer

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, Myn...

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Datong plans to invest 2.3bn yuan in Tainan to build solar power plant
Date: 2017-12-22   Author: Pankaj Singh

One of the leading green energy companies based in China, Datong has decided to invest 2.3 billion Yuan to construct new solar power plant across seven fishery zones in the Tainan region after the capital rise in the s...

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Didi Chuxing receives $4 bn funding to promote business innovations
Date: 2017-12-21   Author: Pankaj Singh

The leading Chinese ride-sharing company and a major provider of transportation services across China, Didi Chuxing has apparently received a huge chunk of funding from its investors. For the record, the firm has raise...

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Solid Power and BMW ink contract to manufacture solid state batteries
Date: 2017-12-19   Author: Saipriya Iyer

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 So...

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Tencent & JD.com to jointly invest $863 in e-fashion retailer Vipshop
Date: 2017-12-18   Author: Pankaj Singh

Tencent, China’s $500 billion social media giant along with its e-commerce partner JD.com, has agreed to invest $863 million in the Chinese online fashion retailer Vipshop, a move that is speculated to be a part ...

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Oil major BP returns to solar market with $200m stake in Lightsource
Date: 2017-12-15   Author: Shikha Sinha

In what stands to be a significant solar partnership, UK oil and gas giant, British Petroleum, has recently announced that it would buy 43% stake in solar energy firm Lightsources for a total of USD 200 million. If sou...

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ExxonMobil to reveal the impact of global warming on its business
Date: 2017-12-13   Author: Saipriya Iyer

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...

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Australian Labor Party plans to invest USD 53 million on PrEP drug
Date: 2017-12-12   Author: Saipriya Iyer

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...

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Cleanaway to buy rival Tox Free Solutions in a $671 million takeover
Date: 2017-12-11   Author: Shikha Sinha

Cleanaway, a leading player across waste management and recycling industry, has reportedly struck a million-dollar agreement to buy its minority rival Tox Free Solutions. According to reports, Cleanaway is expected to ...

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AWE’s shares rise as CERCG announces higher takeover bid of $463 mn
Date: 2017-12-08   Author: Pankaj Singh

The China Energy Reserve and Chemical Group (CERCG) has apparently placed a second higher bid for AWE, traversing further than its initial offer. The revised bid of USD 463 million is pitched with a 2¢ hike on its...

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OG Oil & Gas makes yet another purchase bid for NZOG company
Date: 2017-12-05   Author: Saipriya Iyer

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 ap...

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Blackberry to pay Nokia $137 million to settle a contract dispute
Date: 2017-12-04   Author: Shikha Sinha

In what seems to be an endless legal dispute between Nokia and Blackberry, that has been hitting the headlines since February this year, the latter has now been pulled up by the International Court of Arbitration by or...

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FedEx may purchase nearly 100 of Cessna’s new freight aircrafts
Date: 2017-11-29   Author: Saipriya Iyer

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 C...

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Uber issued ultimatum to terminate private services in Israel
Date: 2017-11-28   Author: Saipriya Iyer

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 serv...

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FortisBC to supply for Canada’s first LNG shipment to China
Date: 2017-11-24   Author: Saipriya Iyer

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’...

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Apple Inc. purchases augmented reality headset startup firm Vrvana
Date: 2017-11-22   Author: Saipriya Iyer

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...

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Alibaba acquires more than 33% stake of hypermarket operator Sun Art
Date: 2017-11-20   Author: Shikha Sinha

In its relentless efforts to expand its footprint in the brick and mortar retail space, Alibaba Group Holding Limited has now acquired more than one-third of Sun Art Retail Group, regarded as China’s largest hype...

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Nestle announced its decision to overhaul infant nutrition business
Date: 2017-11-16   Author: Saipriya Iyer

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 a...

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Tesco’s Booker acquisition receives UK regulator’s provincial approval
Date: 2017-11-15   Author: Saipriya Iyer

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 bee...

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Amazon to sell some of its cloud solutions to the China-based Sinnet
Date: 2017-11-14   Author: Saipriya Iyer

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 imp...

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Bill Gates to build smart city in Arizona, buys land worth $80 million
Date: 2017-11-13   Author: Saipriya Iyer

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 pro...

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Qualcomm inks multi-billion-dollar deal with Chinese handset makers
Date: 2017-11-10   Author: Pankaj Singh

Renowned U.S. based chip maker Qualcomm has reportedly signed an agreement worth around USD 12 billion with three prominent Chinese smartphone makers, namely Oppo, Vivo, and Xiaomi. Under this agreement, Qualcomm has a...

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BCE forays into connected home market with AlarmForce acquisition
Date: 2017-11-08   Author: Saipriya Iyer

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 mil...

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Tesla buys Minneapolis based Perbix to combat automation challenges
Date: 2017-11-07   Author: Saipriya Iyer

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 ...

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Qatar Airways procures 9.6% stake in Cathay Pacific Airways
Date: 2017-11-06   Author: Saipriya Iyer

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 Hon...

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Cisco pioneers AI-powered voice assistant for meetings
Date: 2017-11-03   Author: Pankaj Singh

The California based tech conglomerate, Cisco, has reportedly launched the world’s first enterprise-ready AI-powered voice assistant for meetings – the Cisco Spark™ Assistant. The inaugural product, s...

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Chrysaor becomes one of largest UK O&G producers with Shell’s assets
Date: 2017-11-02   Author: Shikha Sinha

Royal Dutch Shell has finalized a total of up to USD 3.8 billion sale of a package of its North Sea assets to Chrysaor. Reportedly, the sale includes an initial consideration of USD 3 billion upfront with a further pay...

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Appleby’s data breach brings Glencore’s Congo investment to the fore
Date: 2017-10-31   Author: Pankaj Singh

The world’s renowned commodities trader, Glencore Plc is likely to undergo an inspection for its business expansion in the Democratic Republic of Congo, on the grounds of confidential information leakage, cite re...

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GM settles lawsuit with California county for USD 13.9 million
Date: 2017-10-30   Author: Shikha Sinha

General Motors Co has reportedly agreed to pay USD 13.9 million to settle a lawsuit brought forth by the Orange County, California, which accused the auto giant for hiding safety defects in millions of its vehicles. The ...

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Uber launches a reward-assisted credit card for its customers
Date: 2017-10-26   Author: Pankaj Singh

Uber has scarcely announced one of its most lucrative partnerships ever – the ride-hailing company has collaborated with Visa and Barclays to introduce a new credit card for its customers at the Money2020 confere...

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Apple purchases PowerbyProxi to expand its product portfolio
Date: 2017-10-25   Author: Saipriya Iyer

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 wi...

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GSK wins approval from the U.S. FDA for shingles vaccine
Date: 2017-10-24   Author: Pankaj Singh

GlaxoSmithKline (GSK) PLC, the British pharma giant, has apparently received the awaited green signal from the U.S. Food and Drug Administration for its new and enhanced shingles vaccine. As per reports, the Brentford-...

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Vitol to buy Noble’s oil liquid business for USD 580 million
Date: 2017-10-23   Author: Saipriya Iyer

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. Reporte...

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Shell to acquire electric vehicle charging major NewMotion
Date: 2017-10-16   Author: Saipriya Iyer

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 acquisiti...

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HAS approves improved vaccine Gardasil 9 for cervical cancer
Date: 2017-10-12   Author: Pankaj Singh

The High Authority of Health (HAS) has approved a rather effective and improved vaccine against the infection with human papillomavirus (HPV) in the France market, called Gardasil 9. The vaccine may, in all probability...

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Pfizer contemplates a partial sale of its consumer healthcare business
Date: 2017-10-11   Author: Saipriya Iyer

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 c...

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Saudi Aramco expands in India’s growing oil market, launches a new unit in Gurgaon
Date: 2017-10-09   Author: Saipriya Iyer

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 energ...

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Softbank to pour capital in Uber, ride hailing company paves way for major investment
Date: 2017-10-05   Author: Saipriya Iyer

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...

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Metro Inc. to acquire Jean Coutu Group Inc. to expand its business operations across Quebec
Date: 2017-10-03   Author: Saipriya Iyer

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. ...

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Volkswagen to amass cobalt reserves as it pivots away from diesel to electric vehicles
Date: 2017-09-28   Author: Shikha Sinha

Amidst the strategic shift to reorient itself toward electric vehicles, Volkswagen, the renowned German carmaker is securing long-term contracts for supplies of cobalt. The company has asked reputed cobalt producers to...

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General Motors to further penetrate wind energy market, reveals plans to purchase wind farms
Date: 2017-09-20   Author: Saipriya Iyer

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...

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Arla expands business within the African frontiers, establishes new facility in Ghana
Date: 2017-08-31   Author: Saipriya Iyer

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...

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Google and Walmart establish strategic partnership in a bid to challenge Amazon
Date: 2017-08-23   Author: Shikha Sinha

Of late, the online retail industry giants are under constant limelight as they are moving forward to keep pace in the race for online retail and e-commerce. Walmart is already seen pushing itself and taking steps to c...

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Anatara Lifesciences Ltd. announces commercial agreement with Zoetis for the development of Detach®
Date: 2017-08-22   Author: Pankaj Singh

Anatara Lifesciences Ltd. Has recently announced a partnership with global animal health company Zoetis to commercialize the development, distribution, and marketing of Detach®. This strategic collaboration between...

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Volkswagen announces the revival of its iconic microbus that is seemingly all-electric
Date: 2017-08-21   Author: Pankaj Singh

At the recently held Detroit Auto Show, the German automaker Volkswagen revealed its concept car named as I.D. Buzz. VW had gone into explicit lengths to justify the name of the car – apparently, Buzz stands for ...

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Volkswagen plans to start its own MQB platform post the termination of partnership plans with Tata motors
Date: 2017-08-16   Author: Pankaj Singh

India seems to have emerged as the latest destination for industry giants to set their eyes on, with respect to geographical expansion plans. In accordance with the same, eminent German automaker Volkswagen has decided...

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Amazon plans to offer event tickets in the U.S., in talks to make a massive foray in U.S. ticketing market
Date: 2017-08-11   Author: Saipriya Iyer

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 ticke...

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SoftBank to salt away a humongous capital of USD 1 billion in sports e-commerce firm, Fanatics
Date: 2017-08-09   Author: Shikha Sinha

Reputed online retailer Fanatics has been fortunate enough to have its name enlisted among the latest companies to receive funding from SoftBank. As per reliable sources, Softbank has made a massive investment of USD 1...

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Alibaba teams up with China Unicom to expand its presence in the telecom sector by seeking SME brands
Date: 2017-08-02   Author: Saipriya Iyer

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 ...

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AstraZeneca inks oncology partnership with Merck post the former’s disastrous failure of the Mystic trial
Date: 2017-07-28   Author: Saipriya Iyer

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...

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Refresco announces the acquisition of Cott Corporation’s beverage business for USD 1.25 billion
Date: 2017-07-26   Author: Pankaj Singh

Cott Beverages, which is one of the world’s largest producers of beverages, has apparently sold its soft drink business to Netherlands-based drinks bottler Refresco, for a staggering USD 1.25 billion. This deal i...

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Amazon to penetrate global B2B market, stretching beyond its conventional consumer base
Date: 2017-07-25   Author: Saipriya Iyer

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 ...

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Baidu & JD.com to join peers Alibaba and Tencent in uplifting China Unicom
Date: 2017-07-24   Author: Shikha Sinha

Two of China’s biggest technology firms, Baidu and JD.com have recently lined up with other major Chinese companies including Tencent and Alibaba, for jointly investing USD 12 billion in the state-owned company -...

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Sanofi strikes a billion-dollar deal with Ablynx to develop nanobodies for immune-mediated inflammatory disorders
Date: 2017-07-21   Author: Pankaj Singh

Reputed Belgium-based biotechnology giant Ablynx has entered into a strategic partnership with French pharma group Sanofi to develop nanobody based drugs that are principally manufactured to diagnose immune-mediated in...

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Unilever & Hormel Foods engaged in a ferocious corporate brawl to acquire Reckitt Benckiser’s food section
Date: 2017-07-18   Author: Saipriya Iyer

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 semblanc...

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General Motors ties up with Uber for the pilot testing of Maven, its car-sharing operation in Australia
Date: 2017-07-17   Author: Pankaj Singh

General Motors, one of the top automotive giants across the globe, has recently announced the testing schedule of its car-sharing operation, Maven, in Australia. Maven’s testing, as reported by authorities, is sl...

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Uber pulls off a phenomenal move, ride hailing giant to partner with Yandex for combined business interests
Date: 2017-07-14   Author: Saipriya Iyer

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 ...

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Toyota plans to invest heavily in cutting-edge technology, automotive giant to spend USD 100 million in AI & robotic startups
Date: 2017-07-14   Author: Saipriya Iyer

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 r...

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AstraZeneca to expand its production plant in Sydney, pharma giant aims to boost exports over the next half a decade
Date: 2017-07-12   Author: Pankaj Singh

AstraZeneca, the reputed Anglo-Swedish pharma company, has recently announced an investment of USD 100 million for expanding its facility in Sydney, with a view to combat the rising demand for a particular asthma medic...

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Faraday Future’s plans of constructing a billion-dollar electric car factory in Nevada come to a grinding halt
Date: 2017-07-11   Author: Saipriya Iyer

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 unfortunat...

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France to cease the production of gas & diesel-powered vehicles by 2040 in a bid to reduce global GHG emissions
Date: 2017-07-10   Author: Saipriya Iyer

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 emis...

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Halliburton Co. acquires Summit ESP to strengthen its artificial lift business
Date: 2017-07-07   Author: Saipriya Iyer

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 h...

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Laboratorio Teuto buys Pfizer’s 40% stock in the company, American pharma giant bids adieu to Brazil’s generic drug-making business
Date: 2017-07-06   Author: Saipriya Iyer

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 fi...

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GE’s acquisition of Baker Hughes consolidates the former’s position in oilfield service market
Date: 2017-07-05   Author: Shikha Sinha

General Electric’s procurement of Baker Hughes, one of the largest oilfield services company, is lucidly a coup for General Electric, making it the second largest oilfield service provider company following Schlu...

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Samsung declares investments of nearly USD 18.6 billion in South Korea to further expand its memory chip & smartphone display business
Date: 2017-07-04   Author: Saipriya Iyer

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 respons...

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Alibaba’s purported voice assistant to capture Amazon Echo’s footprints across China
Date: 2017-07-03   Author: Pankaj Singh

Alibaba is likely to launch its own voice assistant, thereby strengthening its already fierce competition with Amazon, the universally acclaimed retail behemoth. Amazon’s Alexa, the prestigious voice assistant, e...

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Amazon finally strikes a ‘pilot partnership’ deal with Nike, sportswear giant likely to reclaim U.S. market share
Date: 2017-06-30   Author: Shikha Sinha

The e-commerce industry witnessed another coup with the collaboration of Nike and Amazon that will enable the former to sell its product directly through the online retail giant. Once dubbed as ‘retail rivals&rsq...

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Sycamore bets big amidst the U.S. retail turmoil, declares acquisition of Staples for USD 6.9 billion
Date: 2017-06-29   Author: Shikha Sinha

This Wednesday encountered one of the biggest pacts of 2017 in the retail space with Sycamore announcing the acquisition of Staples, the U.S. office supplies chain for a valuation of USD 6.9 billion. Sycamore would pay...

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Nestle’s move to sell its stake in L’Oréal may lead to the cosmetics giant divesting its holding in Sanofi
Date: 2017-04-28   Author: Saipriya Iyer

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 Dani...

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Avis to extend maintenance services to Waymo’s autonomous fleet
Date: 2017-06-27   Author: Shikha Sinha

Waymo, the self-driving car division of Alphabet, Inc., Google’s parent company, has signed a multi-year deal with Avis Budget Group, following which the car rental firm would provide maintenance services to Waym...

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BMW i Ventures and AI Gore jointly invest USD 55 million in Proterra to promote sustainable transport
Date: 2017-06-24   Author: Pankaj Singh

Proterra, the America based giant, renowned for manufacturing heavy-duty composite-bodied electric buses, has received funds of USD  55 million in a Series 6 funding rounds, cumulatively from BMW i Ventures and AI...

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EQT purchases Rice Energy for USD 6.7 billion, the deal poised to be one of biggest agreements witnessed by the U.S. oil & gas market
Date: 2017-06-24   Author: Shikha Sinha

EQT Corp. has announced that it intends to buy Rice Energy for a valuation of USD 6.7 billion and is set to combine two of the three biggest shale producers in southwestern Pennsylvania. This acquisition will expand th...

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Teladoc to acquire Best Doctors for USD 440 million in a bid to expand its telemedicine business
Date: 2017-06-23   Author: Shikha Sinha

Teladoc has entered into a definitive agreement to buy Best Doctors - a leading medical consultation company. As a part of the agreement, Teladoc is set to purchase Best Doctors for USD 65 million in stock and USD 375 ...

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Johnson & Johnson to acquire Actelion Ltd. by mid-June 2017 via its reputed subsidiary, Janssen Holding GmbH
Date: 2017-06-23   Author: Saipriya Iyer

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 sanctio...

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Merck inks agreement with F-Star, collaboration to strengthen Merck’s immuno-oncology pipeline
Date: 2017-06-22   Author: Saipriya Iyer

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 therapeuti...

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Clariant and Huntsman all-stock merger deal to be rounded off for a value of USD 14 billion
Date: 2017-06-21   Author: Shikha Sinha

Huntsman Corporation, renowned specialty chemicals firm, and Clariant AG, global leader in oil field specialty chemicals market, will reportedly merge to form a new entity called HuntsmanClariant, with a deal valuation...

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Novo Nordisk expands business in LATAM market, promotes Saxenda to combat obesity issues
Date: 2017-06-20   Author: Saipriya Iyer

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 grow...

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Boeing forays into the Arabian Peninsula, signs commercial and military deals with Saudi Arabia
Date: 2017-06-19   Author: Saipriya Iyer

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 hav...

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Big win for AstraZeneca’s Lynparza: A study shows a reduced risk of 42% in breast cancer caused by BRCA mutations
Date: 2017-06-19   Author: Shikha Sinha

AstraZeneca, a leading research-based bio-pharmaceutical company is on the verge of a breast cancer drug breakthrough, as per reliable reports. This pharma giant revealed promising trail results for the treatment of pa...

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