Movendo partners with Maragal to advance fall prevention screening
Date: 2021-12-28   Author: Pankaj Singh

Maragal Medical has reportedly partnered with Movendo Technology to incorporate its robotic system hunova© into a fall prevention screening for geriatric patients. Dr. Timoth...

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Kalaari Capital LPs earn over $600 million in returns in 2021
Date: 2021-12-27   Author: Pankaj Singh

Kalaari Capital, a homegrown venture capital firm has earned over $600 million in returns for its Limited Partners (LPs) in 2021, following the firm’s exit, either partial or full, from more than 10 companies....

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L&T secures contract to develop one of the largest townships in BLR
Date: 2021-12-24   Author: Pankaj Singh

The construction division of Larsen & Toubro Ltd. has reportedly bagged a contract to develop one of the largest residential townships in Bengaluru. The project comprises the ...

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India surpasses UK to become the third largest unicorn ecosystem
Date: 2021-12-23   Author: Pankaj Singh

India has reportedly overtaken the United Kingdom to bag the third spot in the list of countries with most number of unicorns. The country has added 33 such companies worth over $1 billion each in a single year. ...

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Arcus & Gilead close option exercises for three programs & partnership
Date: 2021-12-22   Author: Pankaj Singh

Arcus Biosciences Inc. and Gilead Sciences Inc. have reportedly announced the closure of option exercises of Gilead to three programs in the clinical-stage collection of Arcus and a new research partnership among the t...

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ams OSRAM sells horticulture lighting systems business to Signify
Date: 2021-12-21   Author: Pankaj Singh

ams OSRAM has reportedly signed a definitive agreement to sell Fluence, its horticulture lighting systems business to Signify N.V. for a purchase price of USD 272 million on a debt-free basis. Subject to regulatory app...

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Mintra & Future Care team up to reinforce support to maritime industry
Date: 2021-12-20   Author: Pankaj Singh

Mintra, a leading provider of digital learning and human capital management software, has reportedly entered into a strategic partnership with Future Care Inc., an International SOS firm, to reinforce support to the ma...

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U.S. & AU sign Cloud Act deal to expedite criminal information sharing
Date: 2021-12-17   Author: Pankaj Singh

The United States and Australia have reportedly inked a deal to speed up the process of insight sharing about criminal suspects between tech companies, including major social media firms and law enforcement agencies....

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Prestige BioPharma and Dr. Reddy’s unite to supply proposed biosimilar
Date: 2021-12-16   Author: Pankaj Singh

Singapore-based biopharmaceutical company Prestige BioPharma has recently entered a binding agreement for an exclusive partnership with Dr. Reddy’s Laboratories, a pharmaceutical company. ...

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PCI Pharma closes acquisition of LSNE to expand CDMO services
Date: 2021-12-15   Author: Pankaj Singh

PCI Pharma Services, a leading global CDMO (contract development and manufacturing organization) has reportedly announced the closure of the acquisition of LSNE (Lyophilization Services of New England) Inc., a Bedford-...

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Grofers rebrands to Blinkit, promises to deliver products under 10 min
Date: 2021-12-14   Author: Pankaj Singh

Grofers, the online grocery delivery company, has reportedly changed its name to Blinkit amid growing competition in the fast commerce space. The rebranding suggests that Grofers will offer product deliveries in the bl...

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Reliance partners with Assets Care to bid for Sintex Industries
Date: 2021-12-13   Author: Pankaj Singh

Reliance Industries Ltd. (RIL), in collaboration with Assets Care & Reconstruction Enterprise Ltd, has reportedly submitted a bid for Sintex Industries Ltd, the bankrupt yarn and textile manufacturer, under a court...

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SAP SuccessFactors & Attensi collaborate to revolutionize L&D
Date: 2021-12-10   Author: Pankaj Singh

SAP SuccessFactors, a leading provider of HCM (human capital management) solutions, has reportedly collaborated with Attensi, a company that offers simulation-based training and groundbreaking gamification. ...

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4AIR & AIA partner for developing tools to attain Net Zero Flight
Date: 2021-12-09   Author: Pankaj Singh

4AIR, an aviation sustainability company, has reportedly partnered with the University of Cambridge-led AIA (Aviation Impact Accelerator) to develop evidence-based, interactive tools to educate the aviation industry, t...

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ButterflyMX raises USD 50 Mn in JMI Equity-led Series D funding round
Date: 2021-12-08   Author: Pankaj Singh

ButterflyMX, an access control technology company, has reportedly secured a growth equity round of USD 50 million led by JMI Equity with participation from Egis Capital, RiverPark Ventures, and Volition Capital. ...

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Tata Power & IIT Madras sign MoU for training, R&D, tech solutions
Date: 2021-12-07   Author: Pankaj Singh

Tata Power Company Limited has reportedly inked a memorandum of understanding (MoU) with IIT Madras to collaborate on consultancy, R&D, training, advocacy, and tech solutions. ...

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NEXTDC & Hurricane Electric extend partnership to increase IP transit
Date: 2021-12-06   Author: Pankaj Singh

Hurricane Electric, the largest IPv6-native Internet backbone of the world, has reportedly extended its partnership with NEXTDC, the leading provider of premium data center solutions in Australia. Under this partnershi...

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SLC partners with Blue C Mobile to optimize SatCom financing
Date: 2021-12-03   Author: Pankaj Singh

SLC (SatLease Capital) has reportedly announced a partnership with Blue C Mobile. SLC will offer customized and flexible financing solutions for customers of Blue C Mobile. The ne...

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7-Eleven teams up with Nuro to test autonomous delivery service in CA
Date: 2021-12-02   Author: Pankaj Singh

Convenience store chain 7-Eleven is reportedly collaborating with American robotics company Nuro to test a commercial autonomous delivery service in Mountain View, California. Sta...

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PSA agrees to acquire BDP International from Greenbriar Equity Group
Date: 2021-12-01   Author: Pankaj Singh

PSA International Pte Ltd, a leading port group, has reportedly inked an agreement to acquire all the shares of BDP International Inc., a leading integrated supply chain and logistics solutions provider from private eq...

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upGrad acquires Global Study Partners to boost study abroad business
Date: 2021-11-30   Author: Pankaj Singh

India’s largest online higher education firm upGrad has recently announced the acquisition of an international student recruitment company, Global Study Partners, for A$16 million. In addition, the company furthe...

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Visa complains to U.S. govt regarding India’s RuPay promotion
Date: 2021-11-29   Author: Pankaj Singh

American financial services company, Visa Inc., has reportedly complained to the U.S. government about India’s formal and informal promotion of RuPay, Visa’s local payments rival. As claimed by the U.S.-bas...

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BigBasket to enter offline grocery space through USD 53.6 Mn investment
Date: 2021-11-26   Author: Pankaj Singh

BigBasket, the Tata-owned online grocery firm, is reportedly planning to enter the offline grocery segment by investing around USD 53.6 million (Rs. 400 crores ) in the project. The company plans to expand its presence...

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NoBroker becomes unicorn by raising $210 Mn in Series E round
Date: 2021-11-25   Author: Pankaj Singh

NoBroker, a Bengaluru-based company, has reportedly raised USD 210 million in a Series E funding round, making it the first proptech unicorn of India. The round was co-led by General Atlantic and Tiger Global, two exis...

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Quickbase announces global expansion to cater to market demand
Date: 2021-11-24   Author: Pankaj Singh

Quickbase Inc. has reportedly announced company growth-related investments and global expansion through strategic employment in India, Ireland, and the United Kingdom along with significant growth across current office...

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Swiggy launches Swiggy One program to offer discounts, free deliveries
Date: 2021-11-23   Author: Pankaj Singh

Food tech company Swiggy has reportedly launched the new Swiggy One membership. The upgraded plan provides all-inclusive coverage of Swiggy services like Swiggy Meat, Swiggy Instamart, Swiggy Genie as well as food deli...

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Kyndryl & VMware expand partnership to renew app & multicloud services
Date: 2021-11-22   Author: Pankaj Singh

VMware Inc. and Kyndryl Holdings have reportedly expanded their partnership to focus on multicloud services and app modernization. This partnership expansion will allow customers to transform their businesses and impro...

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Tata Motors announces launch of EV for last-mile delivery sector
Date: 2021-11-19   Author: Pankaj Singh

Tata Motors Limited has reportedly announced its plans to launch an electric vehicle (EV) for the last-mile delivery sector owing to increasing demand for EVs in the segment. The ...

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Virtuoso stockholders approve proposed merger with Wejo Group
Date: 2021-11-18   Author: Pankaj Singh

Virtuoso Acquisition Corp., a special purpose acquisition company, has reportedly announced that its stockholders have sanctioned its merger with Wejo Group Limited at a special shareholders meeting held on November 16...

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Bentley Systems agrees to acquire Power Line Systems for USD 700 Mn
Date: 2021-11-17   Author: Pankaj Singh

Bentley Systems Inc. has reportedly agreed to acquire Power Line Systems from private equity company TA Associates for an amount of USD 700 million. The proceeds will be paid eith...

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Ashok Leyland approaches investors to raise funds for Switch Mobility
Date: 2021-11-16   Author: Pankaj Singh

Ashok Leyland, the flagship company of Hinduja Group, has reportedly held talks with investors to raise funds for its newly formed EV (electric vehicle) subsidiary Switch Mobility. The Chennai-based automaker is seekin...

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SK Networks partners with LS-Nikko Copper for ICT-focused recycling
Date: 2021-11-15   Author: Pankaj Singh

South Korean company SK Networks has reportedly partnered with LS-Nikko Copper for improved cooperation of ESG management. The move intends to engage the companies in a collaborative effort for ICT-focused resource rec...

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Ample secures USD 30 Mn to expand battery swapping business to Europe
Date: 2021-11-12   Author: Pankaj Singh

Ample, a company developing battery swapping tech for EVs, has reportedly secured another USD 30 million from Banco Santander, a Spanish multinational financial service firm, and The Blackstone Group. The major part of...

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Oracle collaborates with Bharti Airtel to accelerate cloud business
Date: 2021-11-11   Author: Pankaj Singh

Oracle Corporation, the cloud service provider, has reportedly announced a partnership with the data center unit of Bharti Airtel Limited, the Indian telecoms group. This expansion will broaden Oracle’s customer ...

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DomainTools acquires Farsight Security to offer top-class threat intel
Date: 2021-11-10   Author: Pankaj Singh

DomainTools, a leader in DNS-based cyber threat intelligence, has reportedly acquired Farsight Security, a leading provider of passive DNS cyber security data solutions. The acquisition extends a long-standing partners...

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Google.org announces grant of USD 2.5 Mn for three Indian nonprofits
Date: 2021-11-09   Author: Pankaj Singh

Google.org, the philanthropic arm of tech giant Google, has reportedly announced a grant of USD 2.5 million for three India-based nonprofits- Samhita-Collective Good Foundation, SwaTaleem Foundation, and Pratham Educat...

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Air France to rapidly increase weekly flights to US as borders reopen
Date: 2021-11-08   Author: Pankaj Singh

Air France has reportedly planned to ramp up flights across various destinations in the United States as North American borders reopen from November 8. Starting November 8 2021, the airline will schedule around 122 wee...

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White Oak Capital Group acquires Yes Bank’s mutual fund business
Date: 2021-11-03   Author: Pankaj Singh

White Oak Capital Group has reportedly completed the acquisition of Yes Asset Management, the mutual fund business of Yes Bank. GPL Finance and Investments, White Oak’s subsidiary, received approval from SEBI to ...

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Reliance Industries to open Jio Drive-in theatre, Bay Club at JWD
Date: 2021-11-02   Author: Pankaj Singh

Jio World Drive (JWD), the premium retail mall of Reliance Industries, has reportedly planned to launch Jio Drive-In, the first rooftop, open-air theatre in Mumbai at the Bandra Kurla Complex. This announcement comes a...

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Zepto raises USD 60 Mn in early-stage round led by Glade Brook Capital
Date: 2021-11-01   Author: Pankaj Singh

Zepto, a ten-minute grocery delivery app operated by Kiranakart Technologies Pvt Ltd, has reportedly secured funding of USD 60 million (approximately Rs 444 crore) in an early-stage round initiated by Glade Brook Capit...

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Wavemaker Impact launches to incubate climate technology startups
Date: 2021-10-29   Author: Pankaj Singh

Singapore-based firm Wavemaker Partners has reportedly launched Wavemaker Impact, a venture developer that recognizes business opportunities, finds experienced entrepreneurs to convert these ideas into startups, and ac...

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Keysight to partner with FSMLabs to offer TimeKeeper platform
Date: 2021-10-28   Author: Pankaj Singh

Keysight Technologies Inc. has reportedly collaborated with FSMLabs to offer TimeKeeper, a platform that delivers enterprise-class time distribution, clock synchronization, and monitoring to extend management and monit...

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Zolve raises USD 40 Million in a Series A round led by DST Global
Date: 2021-10-27   Author: Pankaj Singh

Neobanking startup Zolve has reportedly raised USD 40 million in a Series A round led by DST Global. Alkeon Capital, Tiger Global, and current investors Accel and Lightspeed Venture Partners also participated in the fu...

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PayPal scraps plans to buy Pinterest, causes slump in shares
Date: 2021-10-26   Author: Pankaj Singh

PayPal Holdings Inc. has reportedly claimed that it is not purchasing Pinterest, which resulted in the digital pinboard site’s shares falling by 10% to USD 52.50. According to reports, PayPal was mulling the acqu...

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Livspace partners with Alsulaiman Group to expand MENA operations
Date: 2021-10-25   Author: Pankaj Singh

Livspace, an interior and home décor platform, has reportedly tied up with Alsulaiman Group, a retail conglomerate based in Saudi Arabia, to expand its business in the Middle East and jointly invest USD 50 milli...

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FarMart raises $10 Mn in Series A funding round led by Matrix Partners
Date: 2021-10-22   Author: Pankaj Singh

FarMart, a SaaS-based B2B food supply company has reportedly secured USD 10 million in a Series A investment round initiated by Matrix Partners India. Innoven Capital and current investors Avaana Capital, 500 Startups,...

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Stripe announces first Indian acquisition of Bengaluru-based Recko
Date: 2021-10-21   Author: Pankaj Singh

API and payments company Stripe has reportedly acquired Recko, in its first acquisition of an Indian company. Recko is a Bengaluru-based fintech startup that provides payments reconciliation software for online busines...

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FLAPZ & GE Digital sign MoU to offer safety measures for business jets
Date: 2021-10-20   Author: Pankaj Singh

GE Digital has reportedly signed a Memorandum of Understanding (MoU) with Columbia-based aviation marketplace, FLAPZ to work together on increasing safety in General & Business Aviation in Columbia and other parts ...

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Ipsen - Accent Therapeutics ink collaboration agreement for METTL3
Date: 2021-10-19   Author: Pankaj Singh

Ipsen has reportedly signed an exclusive global collaboration agreement with Accent Therapeutics Inc. to research, develop, produce, and promote the pre-clinical stage METTL3 program of Accent. Under the partnership, t...

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Dixon Technologies plans 5G mm smartphone export to United States
Date: 2021-10-18   Author: Pankaj Singh

Dixon Technologies, a domestic electronics manufacturing company, has reportedly commenced the production of 5G millimeter(mm) wave smartphones. These will be the first set of devices from the segment to be exported fr...

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Nothing secures $50M from investors and partners with Qualcomm
Date: 2021-10-14   Author: Pankaj Singh

Nothing, a London-based consumer technology brand, has recently secured $50 million from private and strategic investors, as well as partnered with Qualcomm, a chipmaker, to power its upcoming products. ...

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Reliance Industries to invest USD 29 Million in Germany’s NexWafe
Date: 2021-10-13   Author: Pankaj Singh

Reliance Industries (RIL)’s wholly-owned subsidiary, Reliance New Energy Solar (RNESL) is reportedly set to invest USD 29 million (25 million euros) in NexWafe GmbH, a company that develops highly efficient monoc...

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Dorel to sell sports segment to Pon Holdings for USD 810 Million
Date: 2021-10-12   Author: Pankaj Singh

Dorel Industries Inc. has reportedly inked a definitive agreement to sell its bicycle segment, Dorel Sports, to Dutch mobility group Pon Holdings B.V. for a cash deal of USD 810 million, which is around CAD 1 billion....

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Rio Tinto opens vaccination hub at Perth Airport for mining industry
Date: 2021-10-11   Author: Pankaj Singh

Rio Tinto has reportedly opened vaccination clinics at Perth Airport, which will enable FIFO (fly-in fly-out) workers from the mining industry to get COVID-19 vaccination when they land in Perth. The global mining grou...

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Lubrizol unveils FlowGuard® Plus mobile app to improve plumbing skills
Date: 2021-10-08   Author: Pankaj Singh

Lubrizol Corporation has reportedly launched a new mobile app, FlowGuard® Plus. This new application has been developed to offer education as well as training on new disciplines, and reward plumbers for having in-a...

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GE & GM sign MoU to develop rare earth materials supply chain for EVs
Date: 2021-10-07   Author: Pankaj Singh

General Electric Company (GE) and General Motors Company (GM) have reportedly planned to establish a rare earth materials supply chain, to aid in the development of renewable energy equipment and electric vehicles. The...

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IPO-bound Ola acquires GeoSpoc to reinforce its ride-hailing services
Date: 2021-10-06   Author: Pankaj Singh

Ola Cabs has reportedly acquired GeoSpoc, a geo-analytics company, for strengthening its ride hailing services with advanced technology. GeoSpoc was founded in 2014 by Geetha Krishna, Krishna Rajan, and Dhruva Rajan. T...

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CEAT completes acquisition of a 26% stake in Cleanwin Energy
Date: 2021-10-05   Author: Pankaj Singh

Tire manufacturer CEAT Ltd. has reportedly executed the acquisition of a 26% share in Cleanwin Energy, for which it inked an agreement in September 2021 with Yellowstone Clean Energy LLP. Cleanwin Energy is the owner, ...

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N.THING raises $26 Mn in a bid to accelerate growth & expand worldwide
Date: 2021-10-04   Author: Pankaj Singh

South Korean AgriTech firm N.THING has reportedly raised USD 21 million in a Series B funding round that is up from a previous series round of USD 5 million, thereby securing a total USD 26 million of funds.  This...

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Facebook announces next phase of creator education programme in India
Date: 2021-10-01   Author: Pankaj Singh

Facebook, a social networking service company, has reportedly announced the next phase of ‘Born on Instagram’, its creator education programme in India. The company further revealed that it witnessed a 35% ...

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Birla Corp aims to double cement capacity to 30 million tons by 2027
Date: 2021-09-30   Author: Pankaj Singh

Birla Corporation, the MP Birla Group company, has reportedly announced its plans to double its cement producing capacity to around 30 million tons per year in the next five years by 2027. ...

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IndiGo and American Airlines enter into code-sharing agreement
Date: 2021-09-29   Author: Pankaj Singh

American Airlines (AA) has reportedly announced a codeshare agreement with IndiGo Airlines. This will help place American Airlines’ code on 29 of the domestic routes of IndiGo in India. ...

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Sanctum Wealth raises $10.5 Mn investment from The Xander Group Inc.
Date: 2021-09-28   Author: Pankaj Singh

Global investment company The Xander Group Inc. has reportedly invested USD 10.5 million (Rs 78 crore) in Sanctum Wealth, a wealth management firm based in Mumbai. The investment ...

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CBSE implements blockchain technology to ensure document safety
Date: 2021-09-27   Author: Pankaj Singh

CBSE (The Central Board of Secondary Education) has reportedly integrated blockchain technology to shift to paperless operations and maintain the safety of class 10 and class 12 results. ...

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RELX enters KSA distribution partnership with SAF Trading Agencies
Date: 2021-09-24   Author: Pankaj Singh

RELX International has reportedly partnered with SAF Trading Agencies for the exclusive distribution of RELX e-liquid nicotine products and e-cigarette devices across the Kingdom of Saudi Arabia. ...

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Sony Group unit to acquire majority stake in India’s Zee Entertainment
Date: 2021-09-23   Author: Pankaj Singh

Sony Pictures Networks India has reportedly agreed to acquire Zee Entertainment. If this deal materializes, it will bring together two of the biggest broadcasters in India that operate large-scale cable television netw...

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Emirates, Air Canada, Air India and others to resume Toronto flights
Date: 2021-09-22   Author: Pankaj Singh

Air Canada has reportedly recommenced all flight operations in India, after a long halt of four months owing to the life-threatening second wave of COVID-19. Along with this, other airlines have also restarted their fl...

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HDFC Bank collaborates with Paytm to unveil co-branded credit cards
Date: 2021-09-21   Author: Pankaj Singh

HDFC Bank Limited has reportedly established a partnership with the online payment platform Paytm to launch a range of VISA-powered credit cards. The collaboration aims at providing a range of services across consumer ...

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WISeKey signs MoUs with Governments of Gibraltar and La Línea
Date: 2021-09-20   Author: Pankaj Singh

Leading global AI, cybersecurity, IoT, and Blockchain company WISeKey International Holding Ltd has reportedly inked two Memoranda of Understanding (MoUs) with Mr. Juan Franco, the Mayor of La Línea de la Concep...

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Monzo plans to enter BNPL market with its new Monzo Flex product
Date: 2021-09-17   Author: Pankaj Singh

Monzo, the UK-based online bank, is reportedly planning to make its entry into the ‘buy now, pay later’ market, offering credit limits of over $4,137 (£3,000) to customers in the region. ...

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Gaming company MPL becomes a unicorn with USD 2.3 Bn valuation
Date: 2021-09-16   Author: Pankaj Singh

Skill gaming and Esports app MPL (Mobile Premier League) has reportedly become the latest unicorn in India, with a valuation of USD 2.3 billion owing to a Series E funding round. The round was initiated by Legatum Capi...

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Hero Electric partners with Massive Mobility to deploy 10K EV chargers
Date: 2021-09-15   Author: Pankaj Singh

The largest two-wheeler electric vehicle manufacturer of India, Hero Electric, has reportedly announced a partnership with Massive Mobility to deploy 10,000 EV chargers for two-wheelers across the country. This move co...

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Prospection raises USD 45 Mn in a Series B round to expedite growth
Date: 2021-09-14   Author: Pankaj Singh

Prospection, a global healthcare data technology firm, has reportedly secured a Series B round of USD 45 million from institutional investors, initiated by new investors Ellerston JAADE. Current investors Horizons Vent...

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Tech giant Olympus Corp. impacted by ransomware group BlackMatter
Date: 2021-09-13   Author: Pankaj Singh

Japan-based Olympus Corp. is reportedly looking into a latest possible cybersecurity incident affecting the company’s computer network in Africa, Middle East, and Europe. The company, in a statement, mentioned th...

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IRCTC to unveil India’s first luxury cruise liner starting Sept 18
Date: 2021-09-09   Author: Pankaj Singh

The IRCTC (Indian Railway Catering and Tourism Corporation) will reportedly commence the operations of the first Indian cruise liner starting September 18. The first cruise will be launched in collaboration with privat...

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Deutsche Telekom inches closer to sale of Dutch unit for USD 5.9 Bn
Date: 2021-09-08   Author: Pankaj Singh

German telecom company Deutsche Telekom AG is reportedly nearing a deal with the private equity consortium of Apax Partners and Warburg Pincus to divest its Dutch unit. The consortium is set to buy T-Mobile Netherlands...

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Research company IHL Group collaborates with Content Catalyst
Date: 2021-09-07   Author: Pankaj Singh

Hospitality and research firm IHL Group has reportedly announced a partnership with tech provider Content Catalyst Ltd. to unveil an interactive platform for subscribers using Publish Interactive, a leading content del...

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Edtech startup Unacademy unveils ESOPs buyback worth USD 10.5 Million
Date: 2021-09-06   Author: Pankaj Singh

Edtech company Unacademy has reportedly announced its largest employee stock ownership plan (ESOP) buyback strategy worth USD 10.5 million for its educators and team members. The Co-Founder of Unacademy, Roman Saini, m...

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Apollo Global Management successfully acquires Yahoo for USD 5 Billion
Date: 2021-09-03   Author: Pankaj Singh

Private equity company Apollo Global Management has reportedly announced the acquisition of Yahoo, previously known as Verizon Media Group from Verizon. The deal is stipulated to be worth USD 5 billion, with preferred ...

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Google Pay might soon allow Indian users to open fixed deposits
Date: 2021-09-02   Author: Pankaj Singh

Digital wallet platform Google Pay is reportedly planning to allow Indian users to open fixed deposits. This move comes along the heels of Google’s latest collaboration with Indian fintech company Setu. ...

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Shoppers Stop sells Crossword Bookstores to Agarwal Business House
Date: 2021-09-01   Author: Pankaj Singh

Departmental store chain Shoppers Stop has reportedly sold Crossword Bookstores Ltd., its wholly-owned subsidiary, to Agarwal Business House (ABH), the chain’s Pune-based franchisee, at a business valuation of Rs...

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L&T Finance in advanced talks with HSBC to sell its mutual fund arm
Date: 2021-08-31   Author: Pankaj Singh

L&T Finance Holdings Limited has reportedly held talks with major financial services company HSBC about selling its mutual fund business. In 2020, private equity company Black...

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Oceania Cruises restarts sailing for first time in almost 18 months
Date: 2021-08-30   Author: Pankaj Singh

The world’s leading destination- and culinary- focused cruise line, Oceania Cruises, has reportedly resumed sailing for the first time in over 524 days. Marina, the first ship from Oceania Cruises to restart sail...

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IT ministry signs MoU with Paytm to bolster deep-tech startups
Date: 2021-08-27   Author: Pankaj Singh

Ministry of Electronics and IT Startup Hub (MeitY) has reportedly inked an MoU (Memorandum of Understanding) with Paytm to bolster deep tech startups. The partnership is aimed at upscaling deep-tech startups, by offeri...

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Prime Venture Partners announce USD 100 million Fund IV round
Date: 2021-08-26   Author: Pankaj Singh

Investment company Prime Venture Partners has reportedly announced a USD 100 million Fund IV round with the first closure of USD 75 million, or Rs 556 crore. The company raised USD 8 million in its first funding round ...

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Samsung seeks to invest USD 206 Bn by 2023 for post-pandemic expansion
Date: 2021-08-25   Author: Pankaj Singh

Samsung Group has reportedly planned to invest USD 206 billion (240 trillion won) over the next three years to expand its presence in artificial intelligence, biopharmaceuticals, robotics, and semiconductors in the pos...

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O’ Be Cocktails raises first investment round of INR 3.5 crore
Date: 2021-08-24   Author: Pankaj Singh

RTD (Ready-To-Drink) cocktail startup O’ Be Cocktails has reportedly announced a fundraise of Rs. 3.5 crore. This funding round was initiated by Letsventure, First Cheque, Ola’s Ankit Bhati and Bhavish Agga...

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GMR Hyderabad Int. Airport restarts Hyderabad-Malé flight service
Date: 2021-08-23   Author: Pankaj Singh

GMR Hyderabad International Airport Ltd. (GHIAL) has reportedly restarted the direct flight from Hyderabad to Malé in the Maldives. This flight service has been commenced by IndiGo Airlines. ...

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Waymo Via upscales auto trucking ops in Arizona, Texas & California
Date: 2021-08-20   Author: Pankaj Singh

Waymo LLC, the self-driving arm of Alphabet, is reportedly constructing a devoted trucking hub in Dallas and collaborating with Ryder for services of fleet management. This is the company’s two-pronged move to up...

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Postman becomes highest valued SaaS startup with $225 Mn fundraise
Date: 2021-08-19   Author: Pankaj Singh

Postman Inc., the Bengaluru and San-Francisco-based SaaS (software-as-a-service) platform has reportedly raised a Series D funding of USD 225 million, valuing the company at USD 5.6 billion. The round was initiated by ...

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Manitowoc Company Inc. announces the acquisition of Aspen Equipment
Date: 2021-08-18   Author: Pankaj Singh

Manitowoc, a leading global producer of lifting and cranes solutions, has reportedly announced the acquisition of almost all the assets of Aspen Equipment Co., an expanded crane dealer and a leading purpose-built, fina...

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Tata Motors collaborates with Bank of Maharashtra for car financing plan
Date: 2021-08-17   Author: Pankaj Singh

Automotive giant Tata Motors Limited has reportedly partnered with the Bank of Maharashtra to provide a retail financing plan for its passenger vehicles. Under the collaboration, ...

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NASA tests Redwire’s 3D printer for constructing lunar structures
Date: 2021-08-16   Author: Pankaj Singh

NASA has reportedly launched a new 3D printer from Redwire to the ISS (International Space Station) for constructing lunar structures. Engineers from NASA have taken a step ahead ...

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Heads Up For Tails announces Series A round of USD 37 million
Date: 2021-08-13   Author: Pankaj Singh

Heads Up for Tails, the pet care brand, has reportedly announced a Series A funding round of USD 37 million initiated by Sequoia Capital India and Verlinvest. This funding round also saw participation from existing inv...

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Zomato to cease operations of U.S. table reservation business
Date: 2021-08-12   Author: Pankaj Singh

Zomato, the online food delivery and restaurant locator platform has reportedly divested its stake in Nextable Inc., the step-down subsidiary, for USD 1,00,000. The company apparently stated in a stock exchange filing ...

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Barings buys Hinduja Global’s healthcare services business for $1.2bn
Date: 2021-08-11   Author: Pankaj Singh

Barings Private Equity Asia (BPEA) has reportedly bought the healthcare services business from Hinduja Global Solutions (HGS), the business process outsourcing company, for an enterprise value of USD 1.2 billion. ...

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CoinDCX raises USD 90 million, becomes first crypto unicorn of India
Date: 2021-08-10   Author: Pankaj Singh

CoinDCX, the cryptocurrency exchange firm, has reportedly raised around USD 90 million in a funding round initiated by Eduardo Saverin, the Facebook Co-Founder’s fund B Capital, thereby valuing the company at USD...

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Morgan Stanley hires Citibank to find buyer for Continuum Green Energy
Date: 2021-08-09   Author: Pankaj Singh

Investment bank Morgan Stanley has reportedly hired Citibank to search for a majority stake buyer in its renewable energy group, Continuum Green Energy. Citibank received the mandate for selling the majority stake of M...

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Reliance Industries to set up PET recycling plant of 5 billion bottles
Date: 2021-08-06   Author: Pankaj Singh

Reliance Industries Ltd. has reportedly established a PSF (polyester staple fiber) production facility in Andhra Pradesh for doubling its PET (polyethylene terephthalate) recycling plant to 5 billion bottles. ...

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IndiGo plans to unveil IATA Travel Pass for international travel
Date: 2021-08-05   Author: Pankaj Singh

India-based airline IndiGo has reportedly collaborated with IATA (International Air Transport Association) to unveil a pilot project for IATA Travel Pass. This will allow passengers to create a digital pass for verifyi...

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