OurCrowd, KEB Hana Bank ink MoU for innovative tech solutions in Korea
Date: 2019-01-14   Author: Pankaj Singh

Leading equity crowdfunding platform OurCrowd has recently announced that the company has partnered with KEB Hana Bank of South Korea, a Hana Financial Group subsidiary. With this investment, KEB Hana has become OurCro...

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WIN’s aerospace unit begins deliveries to airline firm Boeing
Date: 2019-01-13   Author: Pankaj Singh

Wipro Infrastructure Engineering’s aerospace subsidiary has reportedly begun supplying aerospace parts to Boeing from its plant close to the Bengaluru international airport. Sources close to the development state...

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Mosambee partners with Mastercard to launch Android based PoS in India
Date: 2019-01-11   Author: Pankaj Singh

Reports indicate that payments solution firm Mosambee and financial services major Mastercard have recently launched SamosaPoS, a multi-utility point of sale (PoS) machine based on Android, for enhancing the penetratio...

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Lupin’s NaMuscla gets EU approval to treat myotonia in adults with NDM
Date: 2019-01-10   Author: Pankaj Singh

Lupin Limited has reportedly received the European Commission’s approval for its specialty drug NaMuscla used in the treatment of a rare neuromuscular disorder. As per trusted sources, Lupin is preparing to launc...

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Daimler Trucks’ Freightliner unveils Cascadia with Level 2 autonomy
Date: 2019-01-10   Author: Pankaj Singh

Recently at the Consumer Electronics Show in 2019, Freightliner, a Daimler Trucks subsidiary, unveiled its Class 8 Freightliner Cascadia which is being hailed for its innovative automated driving features. The company ...

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Harley Davidson ties-up with Panasonic for electric motorbike LiveWire
Date: 2019-01-09   Author: Pankaj Singh

The US-based motorcycle maker Harley Davidson, in partnership with Panasonic Automotive, has built an electric bike which is the company’s first-ever EV motorcycle. Apparently, this move comes as the motorcycle m...

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Onward Technologies ties-up with SAP to distribute & resell ERP Suite
Date: 2019-01-08   Author: Pankaj Singh

A leading player in IT Consulting and Mechanical Engineering Design, Onward Technologies has recently announced a strategic alliance with SAP SE which would allow it to sell as well as support the implementation of end...

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British firm ContourGlobal acquires Alpek’s two Mexican plants
Date: 2019-01-07   Author: Shikha Sinha

Alpek, a Mexican petrochemical company, has reportedly agreed to sell two of its cogeneration plants in Cosoleacaque and Altamira to British firm ContourGlobal for $801 million. Based on a statement sent to the Mexican...

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Qatar Airways inks deal to buy 5% interest in China Southern Airlines
Date: 2019-01-04   Author: Pankaj Singh

State-owned carrier Qatar Airways recently confirmed that it has acquired a 5% stake in China Southern Airlines in an attempt to access the rapidly growing market in mainland China. Qatar Airways CEO Akbar al-Baker sta...

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Mammoth Energy enters into JV with Wexford Capital, acquires ARS
Date: 2019-01-03   Author: Shikha Sinha

Mammoth Energy Services, Inc., has recently unveiled a series of transactions that catered to the growth & expansion of its aviation services business. These transactions reportedly offered direct vertical integrat...

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BluGlass collaborates with Aixtron to evaluate its RPCVD technology
Date: 2019-01-02   Author: Pankaj Singh

BluGlass Limited, a clean technology innovator, has recently announced that it would collaborate with Aixtron SE, a leading semiconductor equipment firm, for evaluating the unique remote plasma chemical vapor depositio...

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Visa buys Earthport for $250mn to expand cross-border payment services
Date: 2018-12-31   Author: Pankaj Singh

Multinational financial services corporation Visa Inc. is reportedly acquiring Earthport, a British payment firm for $250.6 million. Earthport, which offers cross-border payment services to businesses and banks, has pr...

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Zomato enters events industry with food carnival in multiple cities
Date: 2018-12-28   Author: Saipriya Iyer

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

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China-based OSAT companies looking to tap high-end packaging segments
Date: 2018-12-28   Author: Pankaj Singh

OSAT (outsourced semiconductor assembly and test) firms based in China are reportedly preparing to foray into medium to high-end packaging fields. Apparently, this includes the FC (flip chip) packaging segment, where t...

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After Hyderabad, IKEA heads to Noida with an investment of INR 500 Cr
Date: 2018-12-27   Author: Shikha Sinha

Major ready-to-assemble furniture company IKEA has reportedly hit the headlines for signing a Memorandum of Understanding (MoU) with the Uttar Pradesh Government aimed at opening its store in the Indian state. As per t...

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Uniper in talks with European company EPH to sell its French business
Date: 2018-12-26   Author: Shikha Sinha

The Germany-based energy company Uniper SE is currently in exclusive talks with EPH (Energetický a pr?myslový Holding), a Central European integrated energy utility, in a bid to sell its French assets to ...

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Trade unions & drug firms in no-deal Brexit preparations ink 26 NDAs
Date: 2018-12-24   Author: Pankaj Singh

Reports suggest that pharmaceutical firms that are working with Whitehall for maintaining medicine supplies in case of a no-deal Brexit event have signed 26 suppressive orders. Apparently, these orders are aimed at bar...

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Elementary Robotics bags $3.6M to expand in LA’s growing robotics hub
Date: 2018-12-21   Author: Pankaj Singh

The investment will be used to build a manufacturing facility in Los Angeles and robots that augment the current human workforce Los Angeles-based robotics platfo...

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3M to acquire M*Modal’s technology business for around $1 billion
Date: 2018-12-20   Author: Pankaj Singh

The acquisition will enhance 3M’s Health Information Systems (HIS) business and revenue cycle management capabilities American multinational conglomerate, 3...

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SSE drops Npower merger plans as government plans to cap tariff prices
Date: 2018-12-20   Author: Pankaj Singh

Reports confirm that Scottish energy firm SSE plc has called off its plans to merge with Npower, blaming the challenging market conditions and Government’s upcoming price cap. SSE said that it has not been able t...

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Tata power invests Rs700m for installing 1000 charging stations in NCR
Date: 2018-12-18   Author: Shikha Sinha

Tata Power has recently made it to the cover page for its plans to set up around 1,000 charging points in the NCR (National Capital Region) for EVs (electric vehicles). The investment for the project is estimated to be...

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Hughes-Yahsat JV to provide broadband connectivity to the underserved
Date: 2018-12-17   Author: Pankaj Singh

Joint venture to provide the benefits of broadband to Middle East, Africa and Southeast Asia Hughes Network Systems, a subsidiary of EchoStar Corporation, An Amer...

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Emerson expands its portfolio of valves with A.E. Valves acquisition
Date: 2018-12-16   Author: Pankaj Singh

Emerson has taken over the Verviers headquartered Advanced Engineering (A.E.) Valves, a leading manufacturer of innovative valve technology. Through this acquisition, Emerson expects to serve its consumers with a wide ...

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Coinone launches Ripple’s blockchain remittance service in South Korea
Date: 2018-12-14   Author: Pankaj Singh

Coinone’s business subunit Coinone Transfer has reportedly launched Cross, the very first blockchain-based remittance application and web service of South Korea, powered by enterprise blockchain technology soluti...

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John Magufuli announces Tanzania’s $3 Billion power plant deal
Date: 2018-12-13   Author: Pankaj Singh

Tanzania will reportedly sign a deal to approve the construction of a hydroelectric power plant worth $3 billion, said President John Magufuli. However, he didn’t mention the company that will be awarded the cont...

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Lupin obtains USFDA EIR for unit 3 of the Pithampur facility
Date: 2018-12-12   Author: Pankaj Singh

Lupin Limited, a transnational pharmaceutical company based in Mumbai, has reportedly received an Establishment Inspection Report (EIR) from the U.S. regulator for the unit 3 of the facility in Madhya Pradesh. ...

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MaxiTRANS to acquire bottom trailers maker Trout River Australia
Date: 2018-12-11   Author: Pankaj Singh

MaxiTRANS has reportedly made it to the headlines for signing an agreement to acquire Trout River Australia, a producer and supplier of live bottom trailers in Australia. Dean Jenkins, Managing Director and CEO of Maxi...

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Telstra, TPG-Vodafone and Optus lead Australia’s 5G spectrum auctions
Date: 2018-12-10   Author: Pankaj Singh

The Australian Communications and Media Authority (ACMA) has reportedly announced the outcome of its 5G spectrum auction and one of the largest Australian telco firm, Telstra, has won most of the lots in the 3.6GHz ban...

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Morocco’s flag carrier Royal Air Maroc to join Oneworld airline group
Date: 2018-12-10   Author: Pankaj Singh

The Moroccan national carrier Royal Air Maroc has reportedly joined the Oneworld global airline alliance. As per trusted sources, the new addition comes in the backdrop of the expansion of other African carriers includ...

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ContourGlobal sells 49% stake of its Spanish CSP assets for EUR 134M
Date: 2018-12-10   Author: Pankaj Singh

ContourGlobal is reportedly selling 49 percent stake of company’s 250 MW Concentrated Solar Power (CSP) plants in South-West Spain, which they bought from Acciona SA in early 2018. ...

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New $34 million F&B incubator kicks off in East Garfield Park
Date: 2018-12-10   Author: Pankaj Singh

The Hatchery, one of the largest food & beverage incubators in the U.S., has recently announced that it is open for business at East Garfield Park in Chicago. Reportedly, the new Chicago-based USD 34 million food i...

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Target to pay $7.4 million to settle illegal waste dumping lawsuit
Date: 2018-12-07   Author: Pankaj Singh

Target Corp., one of the leading largest departmental store chains in the U.S. has reportedly reached a settlement in which it will be paying $7.4 million for the improper dumping of hazardous waste ranging from batter...

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Nasdaq acquires Quandl for use of alternative & core financial data
Date: 2018-12-06   Author: Pankaj Singh

The stock exchange will work closely with Quandl to deliver new insights and investment ideas The American stock exchange, Nasdaq recently announced the acquisiti...

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Paytm suspends in-app chat feature owing to costs involved in scaling
Date: 2018-12-05   Author: Pankaj Singh

Payments solution and digital wallet company Paytm, which is backed by major investors like Berkshire Hathaway and Softbank, has confirmed that it has pulled out the in-app chat feature available in its Inbox due to hi...

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Jet Airways to decline services on seven Gulf routes following losses
Date: 2018-12-03   Author: Shikha Sinha

The Indian international airline Jet Airways, has reportedly announced its withdrawal from flight services on over seven Gulf routes, owing to its disappointing financial performance in the past three quarters. ...

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Fertilizer giant Nutrien to sell its stake in SQM to China’s Tianqi
Date: 2018-12-01   Author: Pankaj Singh

Nutrien, a Canada-based fertilizer behemoth, would reportedly auction its 23.77 percent share in SQM on December 3, as a last step towards concluding the sale of the coveted stake in the second largest lithium producer...

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Xiaomi in talks with two more partners to expand presence in India
Date: 2018-11-29   Author: Shikha Sinha

Xiaomi has recently unveiled that it is planning to increase the number of manufacturing facilities in India. Reportedly, the Chinese smartphone and electronics maker is in active discussion with two component manufacturers to set the operations r...

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Luxury brand Kering teams with Apple for in-store mobile apps
Date: 2018-11-28   Author: Shikha Sinha

Tech-behemoth Apple, Inc., has recently announced its collaboration with Kering, a global luxury group and the parent company of major luxury fashion brands Gucci and Saint Laurent. Reportedly, the collaboration is intended to scale up the digital...

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Tencent signs partnership deal with Line on mobile payments in Japan
Date: 2018-11-27   Author: Shikha Sinha

Tencent Holdings Ltd., a renowned multinational investment holdings company based out of China, is reportedly joining forces with Japan’s Line to deploy mobile payment services in Japan. ...

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Logitech terminates discussions regarding Plantronics’ acquisition
Date: 2018-11-26   Author: Pankaj Singh

Logitech International, a webcam and keyboard maker, has reportedly terminated discussions regarding the purchase of Plantronics Incorporation, a gaming headset and Bluetooth earpiece manufacturer, as per statements re...

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Enel announces plans to invest in 11.6GW of renewable energy capacity
Date: 2018-11-24   Author: Pankaj Singh

Enel, a manufacturer and distributor of gas & electricity, has reportedly publicized its plans to invest €10.6 billion in the coming three years in the production of 11.6 GW of renewable energy, comprising 6.1...

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German grocer Lidl set to launch its first outlet in Pennsylvania
Date: 2018-11-23   Author: Shikha Sinha

Lidl Stiftung & Co., a renowned European discount supermarket chain headquartered in Germany, has reportedly announced that it would be making its Pennsylvania debut early in December of 2018 by launching its first...

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Coupang secures investment worth $2 bn from SoftBank’s Vision Fund
Date: 2018-11-22   Author: Pankaj Singh

South Korea’s e-commerce major, Coupang has reportedly raised $2 billion through the SoftBank Vision Fund, which is alleged to be firm’s largest investment since Saudi journalist Khashoggi’s murder. T...

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Russia bags $1.5-billion deal to sell air defense missiles to India
Date: 2018-11-22   Author: Pankaj Singh

Following major deals to sell naval warships and S-400 system to India, Russia is all set to bag a $1.5-billion contract for air defense missiles. Sources close to the matter state that the Russian Igla-S system was co...

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TCS, SAP partner on intelligent rail maintenance to support customers
Date: 2018-11-20   Author: Pankaj Singh

Tata Consultancy Services (TCS) has announced that it has partnered with SAP for developing SAP® Leonardo powered Intelligent Rail Digital Maintenance (iRDM) solution. iRDM is supposedly aimed at helping rail custo...

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Australian media firm Fairfax receives green light to merge with Nine
Date: 2018-11-19   Author: Shikha Sinha

Australian media company Fairfax has reportedly received the approval from its stakeholders to merge with television network Nine Entertainment. As per trusted sources, the merger has been made possible owing to the re...

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Biotech firm Roivant Sciences raises $200 million in a funding round
Date: 2018-11-19   Author: Shikha Sinha

Roivant Sciences, a Swiss company developing innovative drugs across a wide variety of therapeutic areas, and with backing from Japan’s SoftBank, has recently announced that it has raised USD 200 million in equit...

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Mindtree partners with Bengaluru’s IISc to support AI research
Date: 2018-11-18   Author: Pankaj Singh

Bengaluru-based IT service provider, Mindtree Ltd. has recently collaborated with the Indian Institute of Science (IISc), Bangalore to create an endowment focused on AI research, and facilitate teaching and resear...

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Tata Group in talks of acquiring a controlling stake in Jet Airways
Date: 2018-11-16   Author: Shikha Sinha

Tata Group is reportedly inspecting Jet Airways’ books as the multinational corporation considers to grow its footprint in India’s growing air travel sector by potentially purchasing a stake in the cash-str...

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Avenue Capital to acquire 27% stake of Arcil from IDFC bank and others
Date: 2018-11-14   Author: Shikha Sinha

Renowned U.S.-based global investment firm Avenue Capital Group has reportedly announced that it intends to buy out a 27% stake in Asset Reconstruction Company (India) Ltd., also known as Arcil. ...

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India Power and consortium win 100MW solar park contract in Albania
Date: 2018-11-13   Author: Pankaj Singh

A consortium led by India Power Corporation Ltd recently won a tender for constructing a 100 MW solar park in Albania, the country’s energy ministry has confirmed. The solar park is reportedly worth around USD 79.3 million (EUR 70 million) a...

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Britain’s major firms in talks to implant employees with microchips
Date: 2018-11-12   Author: Pankaj Singh

Britain’s major legal and trade firms are seemingly planning to implant their employees with microchips, in a bid to boost business security and prevent access to restricted areas. ...

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Kaleido to speed up blockchain implementation with Kaleido Marketplace
Date: 2018-11-10   Author: Saipriya Iyer

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

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Nissan signs MoU with Ghana to develop vehicle manufacturing industry
Date: 2018-11-10   Author: Pankaj Singh

Automobile manufacturer Nissan has reportedly inked a memorandum of understanding (MoU) with the Ghanaian government to work together and establish the automotive manufacturing industry in the country. The company will...

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Payscape teams up with CardFlight, takes SwipeSimple to U.S. merchants
Date: 2018-11-08   Author: Pankaj Singh

Payscape, a financial technology and payments innovator company based in the U.S. recently announced that it has formed a partnership with CardFlight, a leading mobile point of sale and SaaS payment technology company of the United States to take ...

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Rimini ensures 100% clean energy usage for Switch data centers
Date: 2018-11-07   Author: Saipriya Iyer

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

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Webjet acquires Dubai’s DOTW to expand its hotel room business
Date: 2018-11-06   Author: Pankaj Singh

Australia’s digital travel business, Webjet Ltd. has recently announced the acquisition of Dubai-based business travel wholesaler, Destinations of the World (DOTW) for USD 173 million (A$240 million). ...

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SGX to sign MoUs with CFA and ZJEA to reinforce partnerships in China
Date: 2018-11-05   Author: Pankaj Singh

Singapore Exchange Limited (SGX) will reportedly sign memoranda of understanding (MOUs) with the China Futures Association (CFA) and the Zhejiang (S) Entrepreneurs Association to further strengthen its relations with C...

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Tech Mahindra and BioNEST sign agreement to establish a bio-incubator
Date: 2018-11-05   Author: Pankaj Singh

Tech Mahindra is partnering with a bio-incubator, BioNEST, to foster the pharma and biotech innovation ecosystem in India. BioNEST, as per records, was formed with the support of Biotechnology Industry Research Assista...

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Swiggy expands food delivery service to 16 new cities in India
Date: 2018-11-02   Author: Shikha Sinha

Online food delivery platform Swiggy has reportedly announced to expand its presence in India by introducing services in sixteen new cities. The company stated that the new cities will include Tripura, Thrissur, Warang...

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Hong Kong listed Innovent Biologics gains around 20% on trading debut
Date: 2018-11-01   Author: Pankaj Singh

Biopharmaceutical technology firm Innovent Biologics surged about 20 percent after it debuted in the Hong Kong market, which was closely being observed to see the interest of investors in Chinese biotechs, as three of ...

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EC to deepen investigation into ThyssenKrupp Tata Steel joint venture
Date: 2018-10-31   Author: Pankaj Singh

The European Commission has reportedly launched a second phase into the investigation over the joint venture between ThyssenKrupp and Tata Steel due to the concern that such a joint venture could raise steel prices and...

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Mexico halts construction of the $13.3B Mexico City Airport project
Date: 2018-10-30   Author: Shikha Sinha

The incoming President-elect of Mexico Andrés Manuel López Obrador has reportedly announced that his government would be cancelling the construction of the partly-built $13.3 billion Mexico City Airport p...

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EU parliament approves law to restrict use of antibiotics on animals
Date: 2018-10-29   Author: Shikha Sinha

The European Parliament has reportedly agreed to pass a set of restrictions that curb the use of antibiotics on farm animals in an effort to stop the spread of superbugs resilient against medical treatment. ...

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WPP to sell major stake from its market research business Kantar Group
Date: 2018-10-27   Author: Pankaj Singh

British advertising and public relations firm, WPP plc, has reportedly announced plans to sell stakes from its market-research division, Kantar Group, as the world's biggest advertising group experiences a sharp dr...

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FirstCry commences talks with SoftBank & Alibaba for $150M funding
Date: 2018-10-24   Author: Shikha Sinha

India’s online retailer of baby products, FirstCry is reportedly in discussions with Japan’s SoftBank Group Corporation and China’s Alibaba Group Holding Limited to raise approximately USD 100-150 mil...

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Grab to launch its new on-demand delivery service pilot in Singapore
Date: 2018-10-23   Author: Pankaj Singh

Singapore’s tech company, Grab has recently made plans to launch a beta pilot of GrabExpress, an on-demand door-to-door courier and delivery service, to serve the growing demand for a fast parcel d...

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Addison Lee, Oxbotica collaborate to launch self-driving taxis by 2021
Date: 2018-10-22   Author: Pankaj Singh

On-demand ride company Addison Lee has reportedly announced a partnership with Oxbotica, a self-driving startup, aimed at developing autonomous vehicles that can be integrated with London’s existing transport inf...

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T-Mobile inks green contract to power HQ with clean energy by 2021
Date: 2018-10-20   Author: Saipriya Iyer

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

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Ford introduces new mid-size SUV in China to revive falling sales
Date: 2018-10-18   Author: Pankaj Singh

Ford Motor Co. has recently launched a new mid-size SUV in China, as it looks to revive diminishing sales in the biggest car market of the world. The Ford Territory, developed along with the local partner Jiangling Mot...

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Canopy Growth buys assets of hemp researcher Ebbu Inc for C$429m
Date: 2018-10-17   Author: Shikha Sinha

Canopy Growth Corporation has reportedly announced that it has signed an agreement to acquire the assets of ebbu, Inc., a leading hemp research firm based in Colorado. As per trusted sources, the transaction is said to...

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Tesla opens new 50-stall charging station in Kowloon bay, Hong Kong
Date: 2018-10-17   Author: Pankaj Singh

Renowned U.S. automaker Tesla Inc. has recently installed a 50-stall charging station in Kowloon bay, Hong Kong, a move that comes in response to the automaker’s bid to expand its customer reach in the city. Inde...

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E-scooter start-ups Bird Rides and Lime looking for more funding
Date: 2018-10-15   Author: Shikha Sinha

Two renowned Silicon Valley-based e-scooter rental start-ups Lime and Bird Rides are reportedly seeking new funding with more loftier valuations. Reports cite, the two companies, who are just a few months shy of being ...

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Singapore Airlines restarts direct service between NY & Singapore
Date: 2018-10-13   Author: Pankaj Singh

Singapore Airlines, a leading air carrier company, would reportedly become the provider of the world's longest air travel service by miles flown, once it relaunches its direct flight service between Singapore &...

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Altria stocks surge on rumors of its supposed investment in pot firm
Date: 2018-10-12   Author: Pankaj Singh

Altria shares witnessed a surge recently after a report indicated that the Marlboro brand cigarette manufacturer is in discussions to acquire stakes in Aphria, a Canadian marijuana company. A spokesman for Altria decli...

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Xiaozhu raises around USD 300 million from Jack Ma’s Yunfeng Capital
Date: 2018-10-11   Author: Shikha Sinha

A Beijing-based Chinese start-up Xiaozhu, which has a similar business model as that of U.S. company Airbnb, has recently announced that it has raised USD 300 million in a funding round led by Yunfeng Capital, amid wit...

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Wind River, BT to develop Edge Cloud Computing 5G applications
Date: 2018-10-08   Author: Pankaj Singh

Wind River Systems, Inc., California’s leading software development firm has recently collaborated with British telecommunications conglomerate, BT Group on a research program for developing edge c...

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BP and Aker BP sign cooperation agreement for technology advancement
Date: 2018-10-07   Author: Pankaj Singh

Energy giant, BP, recently announced the signing of a ventures cooperation agreement with Norway based oil exploration and development company Aker BP to explore the scope of cooperation for the companies to develop an...

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Boeing expands the usage of Siemens Mentor Graphics software
Date: 2018-10-04   Author: Pankaj Singh

German automation company, Siemens AG, has recently announced a new extended agreement with aircraft manufacturing giant, Boeing, to expand use of Siemens’ Mentor Graphics software. As per sources, the extended a...

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Mazda to launch an electric car & a rotary engine hybrid by 2020
Date: 2018-10-03   Author: Shikha Sinha

Japanese automobile giant Mazda has reportedly announced that it will roll out its first two electric cars in 2020. As per trusted sources, the company will be releasing a full battery EV and a rotary engine hybrid ran...

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Tencent announces new restructuring strategy amid rising challenges
Date: 2018-10-02   Author: Pankaj Singh

Chinese internet conglomerate, Tencent Holdings Ltd. has recently announced its first restructuring in six years, in response to tackling increased challenges faced from strict government regulations. ...

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Uber commits $10m to sustainable and eco-friendly mobility in cities
Date: 2018-09-28   Author: Pankaj Singh

Recently, Uber has made several announcements informing about its decision to commit $10 million for supporting eco-friendly causes, over the next three years, in cities where it operates. Part of the effort also inclu...

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Merck, Accenture & Amazon AWS join forces to develop cloud platform
Date: 2018-09-25   Author: Pankaj Singh

Accenture PLC, a global management consulting and professional services firm, pharma giant Merck, and Amazon Web Services have reportedly joined forces to create a cloud-based informatics research platform. ...

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CCCS levies a S$13M fine on ride-hailing giants Uber and Grab
Date: 2018-09-24   Author: Saipriya Iyer

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

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Australia faces strawberry safety scare, Woolworths halts needle sales
Date: 2018-09-22   Author: Pankaj Singh

Woolworths Supermarkets, an Australian supermarket chain owned by Woolworths Limited, has reportedly halted the sales of sewing needles in its stores temporarily to ensure customer safety, amidst mounting incidences of...

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Instacart and ALDI expand delivery partnership to 35 U.S. states
Date: 2018-09-20   Author: Shikha Sinha

The U.S.-based grocery retailer ALDI has reportedly formed a partnership with Instacart to expand its delivery services throughout the nation. Apoorva Mehta, CEO of Instacart, stated that the partnership was a result o...

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Sirius Minerals inks massive polyhalite supply deal with Cibra Group
Date: 2018-09-18   Author: Pankaj Singh

Sirius Minerals, the renowned U.K. based fertilizer development company, has recently announced its largest supply deal for its £3.2bn York Potash mine. According to sources familiar with the matter, the long-ter...

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Newtec & Arabsat expand partnership to launch new HTS service
Date: 2018-09-17   Author: Shikha Sinha

Satellite equipment expert Newtec has reportedly expanded its long-term partnership with Middle Eastern satellite operator Arabsat by signing a new multi-million dollar contract. As per trusted sources, the contract will help the companies...

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Chinese EV maker Nio lowers IPO target to $1.5B before U.S. listing
Date: 2018-09-14   Author: Pankaj Singh

China based electric vehicle manufacturer Nio has reportedly cut down the target for its NYSE listing to $1.5 billion after releasing a price range for its shares. Citing reliable sources, the company plans to sell 184...

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Six new solar and wind farms to boost energy development in Ballarat
Date: 2018-09-13   Author: Pankaj Singh

Six new solar and wind projects have been announced for Victoria, a step that the Committee For Ballarat believes is aligned with the development of Ballarat’s renewable training center. ...

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Solar Alliance completes 22.6 KW project for AAMCO with REAP grant
Date: 2018-09-13   Author: Shikha Sinha

Solar Alliance Energy has reportedly announced to have installed a 22.6-kW solar system for AAMCO automotive service center located in Lebanon, Tennessee. As per trusted sources, the project was awarded the USDA Rural ...

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Alibaba co-founder Jack Ma to step down as chairman in September 2019
Date: 2018-09-10   Author: Shikha Sinha

The Co-founder and Executive Chairman of Alibaba Group Jack Ma reportedly announced that he intends to retire next year in September. Reports cite, Ma plans to hand over the reins of the company to Daniel Zhang, the cu...

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British Airways unveils codeshare agreement with India’s Vistara
Date: 2018-09-09   Author: Shikha Sinha

UK’s largest airline, The British Airways, recently announced a codeshare agreement with Indian domestic airline firm, Vistara, a move that would allow passengers to book flights directly to London from destinati...

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Ryanair accuses UK air traffic controller NATS of discrimination
Date: 2018-09-09   Author: Shikha Sinha

Irish low-cost airline Ryanair has reportedly accused NATS, the UK air traffic control provider, of discrimination against the London Stansted airport, the largest base of the carrier. As per trusted sources, Ryanair c...

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Broadcasting platform Caffeine raises $100M from 21st Century Fox
Date: 2018-09-07   Author: Shikha Sinha

Caffeine, the much-hyped social streamer startup has recently unveiled that it has raised more than USD 100 million in a fundraising round led by the 21st Century Fox. Reportedly, the new financing will be u...

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MannKind & United Therapeutics sign collaboration deal for PAH drug
Date: 2018-09-06   Author: Shikha Sinha

Two of the renowned U.S. based biotechnology companies, MannKind Corporation and United Therapeutics have recently inked a deal for the former’s PAH drug candidate. Reportedly, the new partnership is expected to ...

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EE’s latest plan allows customers to upgrade their devices anytime
Date: 2018-09-06   Author: Shikha Sinha

The British mobile network operator EE has reportedly launched ‘Upgrade Anytime’ plans which allow customers to upgrade their phones before their 24-month contract expires. Sources reported that in order to...

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OSN and Huawei team up to deliver IPTV solution in the Middle East
Date: 2018-09-05   Author: Shikha Sinha

OSN has reportedly announced to have signed a Memorandum of Understanding (MoU) with China’s Huawei Technologies, a leading provider of information and communication technology devices. As per trusted sources, th...

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Ride-sharing giant Didi Chuxing mulls over investing in Oyo Rooms
Date: 2018-03-09   Author: Pankaj Singh

Beijing based ride-sharing giant Didi Chuxing is reportedly considering to invest in the Indian hospitality service and budget hotel network Oyo Rooms. Sources familiar with the matter hinted that the anticipated inves...

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Amsterdam selected as new headquarters for Japans Panasonic
Date: 2018-09-03   Author: Pankaj Singh

Japanese electronics corporation, Panasonic has reportedly made plans to move its European headquarters from London to Amsterdam in a bid to avoid potential tax related issues linked to the approaching Brexit in Octobe...

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