EU regulators open in-depth investigation of Google-Fitbit deal

EU regulators open in-depth investigation of Google-Fitbit deal

Published: 3 hours agoAuthor: Saipriya Iyer

EU (European Union) regulators have recently opened an in-depth investigation of the acquisition deal announced by Google for Fitbit, a fitness tracking device maker. The executive commission of the EU has stated that the acquisition of Fitbit by ....

Russia to produce COVID-19 vaccine & launch millions of doses by 2021

Russia to produce COVID-19 vaccine & launch millions of doses by 2021

Date: 2020-08-05Author: Saipriya Iyer

Russia has recently announced its target to start the mass production of a COVID-19 vaccine in September and increase the number to several million doses per month by 2021. The head of the fund which finances the clinical trials, Russian Direct Inves....

SII receives DCGI approval to conduct Phase 2,3 COVISHIELD trials

SII receives DCGI approval to conduct Phase 2,3 COVISHIELD trials

Date: 2020-08-04Author: Saipriya Iyer

SII (Serum Institute of India) has reportedly gained the approval of the DCGI (Drugs Controller General of India) to conduct the Phase 2, 3 COVID-19 vaccine trials. The vaccine, COVISHIELD, has been developed by Oxford University, in collaboration wi....

Bandhan Financial to sell shares worth $1.4 billion via block trades

Bandhan Financial to sell shares worth $1.4 billion via block trades

Date: 2020-08-03Author: Saipriya Iyer

Bandhan Financial Holdings, the stock promoter of Bandhan Bank, will reportedly be selling shares worth $1.4 billion or ?10,500 crore, via block trades on stock exchanges. The deal has been planned to lower the stock promoter’s shareholding in ....

Tesla to start licensing software and supplying powertrains/batteries

Tesla to start licensing software and supplying powertrains/batteries

Date: 2020-07-30Author: Saipriya Iyer

Tesla, Inc., an EV & clean energy company, is currently open to licensing software and supplying powertrains & batteries to other automakers that are struggling to manufacture electric cars. The company is anticipated to attract new automaker....

Tencent offers to purchase Sogou for $2B in going-private transaction

Tencent offers to purchase Sogou for $2B in going-private transaction

Date: 2020-07-29Author: Saipriya Iyer

Tencent, a Chinese technology giant, has reportedly offered to purchase Sogou, a search engine, in an agreement worth nearly $2 billion (over ?14,969 crore). The deal has led to an increase in Sogou’s shares by 48% in New York. Sohu.com., a ....

Reliance becomes world’s second-ranked energy firm, overtakes Exxon

Reliance becomes world’s second-ranked energy firm, overtakes Exxon

Date: 2020-07-28Author: Pankaj Singh

  The Indian firm boosted early trading gains by around 2 percent on Monday. The digital platform Reliance Jio sold approximately 32.94% of the stake to 13 separate investors to clear its debt by March 2021. Reliance Indus....

Equifax to gain customized intelligence with acquisition of Ansonia

Equifax to gain customized intelligence with acquisition of Ansonia

Date: 2020-07-27Author: Saipriya Iyer

Fintech firm Equifax has reportedly acquired a leading credit reporting company, Ansonia Credit Data. The financial terms of the agreement are yet to be disclosed. As per the terms of the purchase deal, the credit reporting company will be combine....

ABC acquires fitness sales management tools provider, GymSales

ABC acquires fitness sales management tools provider, GymSales

Date: 2020-07-24Author: Saipriya Iyer

ABC Financial, a leading technology and related service provider, has recently announced its acquisition of a fitness sales management tools provider, GymSales. The acquisition will amplify the company’s strategy to become a holistic club manag....

Valr cryptocurrency exchange raises $3.4M via Series-A funding round

Valr cryptocurrency exchange raises $3.4M via Series-A funding round

Date: 2020-07-23Author: Pankaj Singh

South African cryptocurrency exchange, Valr, has reportedly announced that it has raised a value of $3.4 million in a Series-A funding round led by Bitmex’s parent organization, 100x Group. While 4Di Capital had also participated in the funding....

LG Chem-SolarEdge join forces to offer full home power backup solution

LG Chem-SolarEdge join forces to offer full home power backup solution

Date: 2020-07-22Author: Saipriya Iyer

LG Chem has reportedly collaborated with a photovoltaics company, SolarEdge Technologies, to bring the LG RESU10H (9.8kWh, 400V) battery that is compatible with SolarEdge inverters. The homeowners can power their home via a cost-effective and reli....

Milken Institute launches new alliance to enhance dementia care

Milken Institute launches new alliance to enhance dementia care

Date: 2020-07-21Author: Pankaj Singh

The Milken Institute Center for the Future of Aging has reportedly introduced the Alliance to Increase Dementia Treatment. The coalition will aim to change and strengthen the diverse health and long-term care services to help people dealing with deme....

AIIMS Ethics Committee approves Covaxin trial against COVID-19

AIIMS Ethics Committee approves Covaxin trial against COVID-19

Date: 2020-07-20Author: Saipriya Iyer

AIIMS Ethics Committee has recently approved the clinical trial of Covaxin, India’s indigenously developed vaccine in the fight against the COVID-19 disease. The premier hospital is expected to start enrolling patients or volunteers from 20th J....

Google to invest $4.5B in Jio to serve rising internet users in India

Google to invest $4.5B in Jio to serve rising internet users in India

Date: 2020-07-17Author: Saipriya Iyer

Google, a multinational technology giant, is planning to invest $4.5 billion in Jio Platforms, a subsidiary of Reliance Industries Limited (RIL). Through this investment, Google will join the list of global investors, which includes Facebook, that ar....

Abacus’s commercial deep learning service goes live, raises $13M

Abacus’s commercial deep learning service goes live, raises $13M

Date: 2020-07-16Author: Saipriya Iyer

Abacus, a San Francisco-based AI startup, has recently announced that its commercial deep learning service has gone live, with 1-800-Flowers and other customers. Additionally, the company has raised $13 million in Series A funding round, led by Index....

UK government announces GBP 40M investment support for AMR development

UK government announces GBP 40M investment support for AMR development

Date: 2020-07-15Author: 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 ....