UK government announces GBP 40M investment support for AMR development

UK government announces GBP 40M investment support for AMR development

Published: 6 hours agoAuthor: Saipriya Iyer

The UK government has reportedly announced an investment support of GBP 40 million for the development of small modular reactors (SMRs) and advanced modular reactors (AMRs). As per a government-commissioned report, it is recommended that UK’s n....

Alleo Health System buys Cookeville-based Upper Cumberland Hospice

Alleo Health System buys Cookeville-based Upper Cumberland Hospice

Date: 2020-07-14Author: Pankaj Singh

The recently founded company, Alleo Health System has reportedly announced its acquisition of Cookeville-based Upper Cumberland Hospice and Palliative Care Services for an undisclosed amount. According to Tracy Wood, the President and CEO of Alleo....

China Everbright & Terminus Technologies launch ‘CEL AI Economy Fund’

China Everbright & Terminus Technologies launch ‘CEL AI Economy Fund’

Date: 2020-07-13Author: Saipriya Iyer

China Everbright Ltd. and Terminus Technologies have recently announced the joint launch of the ‘CEL AI Economy Fund’ to raise ¥10 billion. So far in Phase 1, the institutional investors have invested over ¥7 billion. The launc....

Groupe ADP invests $683M to purchase 49% stake in GMR Airports

Groupe ADP invests $683M to purchase 49% stake in GMR Airports

Date: 2020-07-10Author: Saipriya Iyer

Groupe ADP has reportedly invested ?4,565 crore ($683 million) in the 2nd tranche of investment to conclude the deal and purchase a 49% share in GMR Airports Limited. In the 1st tranche of investment made on 26th February, the company has infused ?5,....

Clean Streak inks acquisition & partnership deals to expand footprint

Clean Streak inks acquisition & partnership deals to expand footprint

Date: 2020-07-09Author: Saipriya Iyer

Clean Streak Ventures has reportedly acquired Top Dog Express Car Wash & Oil Change and announced its partnership agreement with Clean Machine Car Wash. Additionally, the company has reportedly announced the acquisition of 3 locations of Blue Wat....

Uber officially takes over food delivery service Postmates for $2.6B

Uber officially takes over food delivery service Postmates for $2.6B

Date: 2020-07-08Author: Pankaj Singh

American ride-hailing company, Uber Technologies, has reportedly announced that it has acquired food delivery service, Postmates, for a total worth of $2.65 billion. Sources claim that Uber has been desperately looking for ways to make up for the ....

ICMR’s Independent day vaccine Deadline is 'unfeasible', says IASc

ICMR’s Independent day vaccine Deadline is 'unfeasible', says IASc

Date: 2020-07-07Author: Pankaj Singh

  The Indian Academy of Science( IASc) has become the new voice to criticize the Indian Medical Research Council's decision to launch a new coronavirus vaccine on 15 August IASc said that the timeline raised unimaginable hope and asp....

Intel plans to make $253M investment to obtain 0.39% stake in Jio

Intel plans to make $253M investment to obtain 0.39% stake in Jio

Date: 2020-07-06Author: Saipriya Iyer

Intel Capital Corporation is reportedly planning to invest $253 million to obtain a 0.39% stake in the largest mobile network operator in India, Jio Platforms. Intel will become the 11th financial services company to make investments in Reliance Indu....

Atlas signs large-scale PPA for Jacaranda PV solar plant with Dow

Atlas signs large-scale PPA for Jacaranda PV solar plant with Dow

Date: 2020-07-03Author: Saipriya Iyer

Atlas Renewable Energy has reportedly inked a large-scale PPA (power purchase agreement) with Dow, a multinational chemical corporation. This PPA has been signed by the two companies for the Jacaranda photovoltaic solar facility in Juazeiro, Bah&iacu....

DSM partially acquires Clariant’s AM material business portfolio

DSM partially acquires Clariant’s AM material business portfolio

Date: 2020-07-02Author: Saipriya Iyer

DSM, a Dutch multinational corporation, has reportedly acquired a portion of a Swiss specialty chemicals company, Clariant’s AM (additive manufacturing) material business. This partial takeover will enable DSM to cater to the rapid product d....

Iterum announces topline results from SURE1 trial for uUTI patients

Iterum announces topline results from SURE1 trial for uUTI patients

Date: 2020-07-01Author: Saipriya Iyer

Iterum Therapeutics plc, a pharmaceutical company, has recently announced the topline results from the SURE1 (Sulopenem for Resistant Enterobacteriaceae) clinical trial. This clinical trial has been conducted for the treatment of uUTI (Uncomplicated ....

Regional Express intends to operate limited domestic jets in 2021

Regional Express intends to operate limited domestic jets in 2021

Date: 2020-06-30Author: Saipriya Iyer

Regional Express (REX), an Australian airline, has reportedly announced its intention to operate limited domestic jets in 2021. According to John Sharp, Deputy Chairman of Rex, the plan will serve as an incremental extension for the airline to sta....

KKR acquires 11.9% stake for $192.2M in Philippines-based First Gen

KKR acquires 11.9% stake for $192.2M in Philippines-based First Gen

Date: 2020-06-29Author: Saipriya Iyer

KKR & Co, a global investment firm, has recently acquired nearly 11.9% stake in First Gen Corp., a power developer in the Philippines, for $192.2 million. The stake acquisition will involve First Gen’s 427 million common shares and be carri....

Apple acquires device management software startup, Fleetsmith

Apple acquires device management software startup, Fleetsmith

Date: 2020-06-26Author: Saipriya Iyer

Apple, a multinational technology company, has reportedly acquired Fleetsmith, the startup that automates Apple device management. In addition to this San Francisco-based startup, several other companies namely Jamf, Mosyle, and Addigy have develo....

Scout-Suplari ink partnership to offer AI-driven insights to customers

Scout-Suplari ink partnership to offer AI-driven insights to customers

Date: 2020-06-25Author: Saipriya Iyer

Scout RFP, a cloud-based strategic sourcing & procurement solutions provider, has recently announced a new partnership with the AI-driven analytics & insights platform, Suplari. Under the partnership deal, joint customers can integrate visibi....

Facebook to discontinue sale of entry-level VR headset, Oculus Go

Facebook to discontinue sale of entry-level VR headset, Oculus Go

Date: 2020-06-24Author: Saipriya Iyer

Facebook, a social media company, has reportedly announced that it will pull Oculus Go, the entry-level VR headset, off the market. Recently, Facebook has lowered the price of this VR headset, which was launched 2 years back, to $149 (nearly ?11,3....

Disney announces plans to reopen Florida’s theme parks on 11th July

Disney announces plans to reopen Florida’s theme parks on 11th July

Date: 2020-06-23Author: Pankaj Singh

The ongoing coronavirus pandemic has disrupted international travel plans, as lockdown measures have restrained people from moving around. As such, the travel industry has been the most affected by the pandemic with almost every other travel destinat....

IMBCAMS reveals Phase 2 clinical trial of COVID-19 vaccine in China

IMBCAMS reveals Phase 2 clinical trial of COVID-19 vaccine in China

Date: 2020-06-22Author: Saipriya Iyer

The IMB (Institute of Medical Biology) at the CAMS (Chinese Academy of Medical Sciences) has recently stated that Chinese researchers have started the Phase 2 COVID-19 vaccine trial. The 2nd phase of this potential coronavirus vaccine has been commen....

UC & University of Cincinnati to host Phase 3 COVID-19 vaccine trial

UC & University of Cincinnati to host Phase 3 COVID-19 vaccine trial

Date: 2020-06-19Author: Saipriya Iyer

UC Health and the University of Cincinnati are reportedly planning to initiate a Phase 3 clinical study of the COVID-19 vaccine, mRNA-1273. This front-runner vaccine has been developed by the collaborators at Moderna and the NIAID (National Institute....

Google boots The Federalist & ZeroHedge for publishing racist content

Google boots The Federalist & ZeroHedge for publishing racist content

Date: 2020-06-18Author: Saipriya Iyer

Google, a multinational technology company, is reportedly booting its online website, The Federalist, for publishing discriminatory content related to the ongoing protests over police violence. Sources familiar with the matter have stated that The....

SyncMedia buys media tech start-up Adorithm for USD 1 million

SyncMedia buys media tech start-up Adorithm for USD 1 million

Date: 2020-06-17Author: Pankaj Singh

SyncMedia, the Gurugram-based firm offering full-suite analytics & advertising services, has reportedly acquired media-tech company Adorithm for USD 1 million.  Sources familiar with the knowledge of matter cite that SyncMedia will acquir....