H2 Biopharma buyout by Aurora Cannabis finalized at USD 25 million

H2 Biopharma buyout by Aurora Cannabis finalized at USD 25 million

Published: 19 hours agoAuthor: Dhananjay Punekar

Aurora Cannabis Incorporation, a Canada based medical marijuana producer, has reportedly declared that it is all set to acquire the reputed Quebec based late phase ACMPR applicant, H2 Biopharma Incorporation, through a binding stock buyout transactio....

Aussie resellers to pay USD 200K to Microsoft as copyright damages

Aussie resellers to pay USD 200K to Microsoft as copyright damages

Date: 2017-11-23Author: Dhananjay Punekar

In a major turn of the events witnessed across the software industry, Microsoft Inc. has signed an agreement with four Australian vendors, who sold the company’s unlicensed software products. Be Baffled, one of the four vendors, has agreed to m....

Ford to join hands with Mahindra for electric vehicle production

Ford to join hands with Mahindra for electric vehicle production

Date: 2017-11-22Author: Dhananjay Punekar

The Ford Motor Company, a U.S. based automobile manufacturer, and its Indian counterpart Mahindra & Mahindra Limited are likely to manufacture their own electric cars in India to reduce road pollution occurring due to fuel emissions from the auto....

U.S. DOJ to halt AT&T’s bid to acquire mass media firm, Time Warner

U.S. DOJ to halt AT&T’s bid to acquire mass media firm, Time Warner

Date: 2017-11-21Author: Dhananjay Punekar

In a major turn of the events witnessed across the telecom sector, the U.S. department of justice (DOJ) has filed a legal suit to halt Time Warner’s acquisition by AT&T, citing the reason that the merger will reduce competition and result i....

Banks in Hong Kong close accounts of many Bitcoin firms

Banks in Hong Kong close accounts of many Bitcoin firms

Date: 2017-11-20Author: Dhananjay Punekar

In a major breakthrough witnessed across the banking sector, financial institutions in Hong Kong have frozen the accounts of bitcoin firms, compelling the organizations to open accounts in the foreign banks. Reportedly, in the first half of September....

Limerick secures GBP 85 million from EIB toward urban development

Limerick secures GBP 85 million from EIB toward urban development

Date: 2017-11-17Author: Ojaswita Kutepatil

The EIB (European Investment Bank) has recently signed off a record loan worth GBP 85 million for the Limerick city. Reportedly, the bank is likely to provide funds to the city and County Councils to transform the 1.68-hectare Limerick ‘Opera C....

FortisBC to supply for Canada’s first LNG shipment to China

FortisBC to supply for Canada’s first LNG shipment to China

Published: 19 hours agoAuthor: Satarupa De

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’s Tilbury facility in Delta has ....

Apple Inc. purchases augmented reality headset startup firm Vrvana

Apple Inc. purchases augmented reality headset startup firm Vrvana

Date: 2017-11-22Author: Dhananjay Punekar

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 firm’s virtual & augm....

Alibaba acquires more than 33% stake of hypermarket operator Sun Art

Alibaba acquires more than 33% stake of hypermarket operator Sun Art

Date: 2017-11-20Author: Saif Ali Bepari

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 hypermarket stores operator. Since t....

Nestle announced its decision to overhaul infant nutrition business

Nestle announced its decision to overhaul infant nutrition business

Date: 2017-11-16Author: Satarupa De

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 amidst the speculation of the com....

Tesco’s Booker acquisition receives UK regulator’s provincial approval

Tesco’s Booker acquisition receives UK regulator’s provincial approval

Date: 2017-11-15Author: Satarupa De

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 been conducted by the Competition a....

Sasol divests from the GTL project, sells Canadian shale gas assets

Sasol divests from the GTL project, sells Canadian shale gas assets

Published: 20 hours agoAuthor: Dhananjay Punekar

In a major breakthrough witnessed across the O&G industry, Sasol Limited has completely withdrawn from its gas-to-liquids greenfield ventures that also include a project in Louisiana, the cost of which is estimated to fall in the range of USD 13 ....

Enel wins lucrative wind project contract at Mexico auction

Enel wins lucrative wind project contract at Mexico auction

Date: 2017-11-23Author: Dhananjay Punekar

Enel SpA, an Italian firm manufacturing & distributing power & gas, has reportedly announced its decision to develop four wind farms in Mexico having an energy generation capacity of nearly 593 MW. The official declaration has been made post ....

Daimler AG to electrify its Mercedes-Benz automobile range

Daimler AG to electrify its Mercedes-Benz automobile range

Date: 2017-11-21Author: Dhananjay Punekar

In a new move witnessed across the automotive sector, Daimler AG, a Germany based automaker, is expected to expand its electrification plans that include the launching and commercialization of its Mercedes Benz electric vans, beginning with the mid-s....

Qualcomm-NXP merger all set to receive green signal from JFTC and EU

Qualcomm-NXP merger all set to receive green signal from JFTC and EU

Date: 2017-11-20Author: Dhananjay Punekar

Qualcomm, a key U.S. player across wireless telecommunications industry, is anticipated to receive a clearance approval from Japanese antitrust authorities with regards to the acquisition of NXP Semiconductors worth USD 38 billion. As per reliable so....

MYOB acquires Reckon’s accounting business for USD 180 million

MYOB acquires Reckon’s accounting business for USD 180 million

Date: 2017-11-16Author: Satarupa De

MYOB, the Australia based accounting software conglomerate, has recently penned a deal of USD 180 million with Reckon for acquiring the latter’s accounting group division, in a bid to step up its position in the highly competitive software acco....

Tesla to install mega lithium-ion battery in South Australia

Tesla to install mega lithium-ion battery in South Australia

Date: 2017-11-23Author: Dhananjay Punekar

Tesla Inc., a U.S. based power storage firm, has reportedly completed the installation of the world’s biggest lithium-ion battery in South Australia. As per reliable sources, the hundred-megawatt battery, endowed with the ability to provide pow....

Porsche plans to roll out AR technology in North America dealerships

Porsche plans to roll out AR technology in North America dealerships

Date: 2017-11-21Author: Satarupa De

In what may seem to be a crucial step toward strengthening its service center portfolio, Porsche, the German automotive giant has recently made it to the headlines with the announcement of its introduction of ‘Tech Live Look’, an augmente....

MPA proposes the deployment of aerial drones for ship surveys

MPA proposes the deployment of aerial drones for ship surveys

Date: 2017-11-17Author: Saif Ali Bepari

The Maritime and Port Authority (MPA) of Singapore, reportedly is in the process of drafting an acceptance criterion to deploy remote inspection methods in ship surveys, including ship-inspecting robots and drones. Addressing the Singapore Registry ....

Amazon set to launch its automated convenience store, Amazon Go

Amazon set to launch its automated convenience store, Amazon Go

Date: 2017-11-16Author: Saif Ali Bepari

Amazon is reportedly on the verge of unveiling its fully automated physical store, tentatively named the Amazon Go, that would allow customers to walk into the store, load up the products they wish to purchase and walk out of the store, relieving the....

Samsung’s latest patent to reveal under-display fingerprint sensor

Samsung’s latest patent to reveal under-display fingerprint sensor

Date: 2017-11-01Author: Ojaswita Kutepatil

Samsung has revealed a new patent that is apparently expected to bring fingerprint scanner technology on the back of the phone, beside the rear camera. Virtually having established a reputation for filing numerous patents, the electronics giant has b....