About Author : Dhananjay Punekar

Dhananjay Punekar

Dhananjay currently works as a content writer at AlgosOnline. A post graduate in mathematics as well as business administration, he worked as a process executive in Infosys BPO Limited before switching his professional genre. Following his childhood passion, he opted for a career in writing and now pens down blogs & news pertaining to market research. His areas of interest include reading and singing.



Contribution By Dhananjay Punekar


ExxonMobil to purchase one of the world’s biggest petrochemical-refining plant of the Jurong Aromatics Corporation

Jurong Aromatics Corporation, based in Singapore has signed an agreement with ExxonMobil that enables the latter to purchase Jurong’s petrochemical-refining plant by the second half of 2017. The acquisition of this plant will raise the annual a...

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Google’s Alphabet Incorporation to sell robot-manufacturing firms Schaft and Boston Dynamics to Japan’ Softbank Group

Softbank Group, a multinational telecommunications & internet firm based in Japan, has decided to purchase robot maker Boston Dynamics from Alphabet Incorporation, a U.S. based multinational firm and a parent company of Google, to be a forerunner...

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European Union’s regulatory body EC puts a red signal on the Qualcomm-NXP semiconductors merger deal

In what seems to be one of the major breakthroughs of recent times, the European Commission has decided to halt the merger deal between NXP semiconductors and Qualcomm after the latter failed to furnish the necessary details to the EU regarding the d...

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Volkswagen to discontinue the sale of its Touareg car brand in the U.S. from the year 2018

Volkswagen, a reputed German car manufacturer, has decided to stop the sale of Touareg cars, a mid-sized luxury crossover SUV in the U.S. after a long spell of declining revenue from the sales of these cars.  The firm could sell only 386 Touareg...

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Global automotive giant Ford to shift its Focus car manufacturing base to China by the year 2019

Ford Motors, an established automobile manufacturer based in the U.S, has declared that it will import Focus vehicles from two of its production units based in China from the onset of 2019. Experts claim this move as an effective measure taken by one...

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Scotland chronicles a path-breaking renewable energy world record, maximizes its overall green energy production through wind turbines

Scotland has been immensely successful in developing an ample amount of energy through wind turbines in the first half of 2017. As per analysts, 1,039,001 MWh of electricity had been delivered to the National Grid in June, and this entire supply has ...

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European oil & gas firms seek authorization to explore the U.S. offshore wind energy market

The latest buzz garnering attention in the bandwagon is that of major European firms such as Statoil, DONG Energy, and Royal Dutch Shell keenly seeking to explore the lucrative & fast-growing U.S. offshore wind energy market. As per reports, Stat...

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Genentech’s obtains priority revenue from the U.S. FDA for its Hemophilia A treating drug, Emicizumab

The U.S. FDA (Food and Drug Administration) has accepted the BLA (Biologics License Application) of Genentech for licensing its investigational bispecific monoclonal antibody referred as Emicizumab prophylaxis to be used in treating Hemophilia A. The...

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FDA gives the green signal for Abbott’s finger prick-free blood sugar proportion monitoring device

The U.S. Food and Drug Administration (FDA) has officially approved the FreeStyle Libre, a bottle cap-sized wearable sensor device developed by Abbot laboratories, a U.S. based healthcare firm, to continuously check the glucose levels in diabetic pat...

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Toyota to test self-driving electric cars by 2020

Toyota Motor Corporation, one of the acclaimed automotive industry behemoths, has declared that it would commence the testing of its self-driving electric vehicle range embedded with artificial intelligence technology in 2020. Experts predict that th...

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Greenpeace targets tech giants for environmental pollution

Greenpeace, a Netherlands-based non-governmental environmental organization, working toward the maintenance of a green environment, has marked low scores for Huawei technologies company limited, Samsung electronics, and Amazon Incorporation over thei...

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Rockwell Automation declines Emerson’s USD 27 billion acquisition bid

Rockwell Automation Incorporation, a key manufacturer of industrial automation products, has reportedly declined the takeover bid made by Emerson Electric Company for over USD 27 billion. The former cites the reason of the offer having devalued the c...

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Google to shut down QPX Express API services by 2018

Google Incorporation has apparently declared that it plans to deny software developers the access to the automated information pertaining to airfare search engines. Industry experts have claimed that the move may, in all likelihood, impact the busine...

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NY governor signs bill, sanctioning medical marijuana use for PTSD

In a series of prominent developments witnessed in New York, the governor of the state has scarcely signed a law that appends post-traumatic stress disorder (PSTD) to the list of the diseases that can be treated with medical marijuana. The PSTD bill ...

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AT&T & Verizon enter tower agreement to eliminate oligopoly

AT&T Incorporation and Verizon Communications Inc. have signed a pact with Tillman Infrastructure, operator of smart cities infrastructure and towers, that will help the firms lease many of the new cell towers from the latter. The initiative will...

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Banks in Hong Kong close accounts of many Bitcoin firms

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...

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

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...

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Ford to join hands with Mahindra for electric vehicle production

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...

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

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...

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H2 Biopharma buyout by Aurora Cannabis finalized at USD 25 million

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...

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Microsoft & SAP to deploy one another’s cloud computing solutions

SAP Software & Solutions and Microsoft Corporation have reportedly decided to increase the use of each other’s cloud-based products after integrating SAP HANA enterprise cloud system with the Microsoft Azure, a cloud computing service devel...

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Rolls-Royce, Siemens, and Airbus to build hybrid electric engine

This week witnessed what can be called as one of the most striking deals in recent times, as Siemens, Airbus, and Rolls-Royce, three highly distinguished names, joined forces to develop a hybrid electric engine. The move, as is reported, is forecast ...

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Sanofi’s profits to dip as its dengue vaccine faces dire criticism

In a turning tide of the events, the use of Sanofi’s new vaccine for dengue has been severely restricted, owing to the evidence that it can lead to further deterioration in patients who have not been infected with the ailment before. The chief ...

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JAL invests $10mn in Boom to enhance in-flight passenger experience

Japan Airlines Company Limited (JAL), reportedly the second biggest passenger flight provider in the country, is expected to invest nearly USD 10 million in Boom Supersonic Inc. As per reliable sources, the funding is aimed at manufacturing aircrafts...

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Airlines ban smart suitcases installed with non-removable batteries

In a strategic move witnessed across the aviation sector, American Airlines has prohibited passengers to a carry battery-powered smart luggage that does not have the facility of removing batteries. The airline declared its policy last week and has an...

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ACCC drags GSK & Novartis to federal court over false product claims

In what may seem to be a major jolt to the pharmaceutical sector, the Australian Competition and Consumer Commission (ACCC) has filed a legal suit against GlaxoSmithKline and Novartis in the Federal Court of Australia in the context of making false c...

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Oath Inc. files a litigation against Mozilla for agreement breach

Oath Inc., the parent firm of Yahoo, has reportedly filed a legal suit against Mozilla Firefox citing that the firm had violated a long-term deal with the former, through the replacement of Yahoo as a default search engine with Google. As per reliabl...

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CPPIB acquires major stake worth around USD 248 million in GHKLP

The logistics & real estate sector in Hong Kong may have just witnessed a rather remunerative step toward its development. As per sources, the Canada Pension Plan Investment Board (CPPIB) made an investment of nearly USD 248. 4 million in Goodman...

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Bombardier Transportation inks deal to supply Aventra Trains to UK

Bombardier Transportation, a rail equipment division of the Bombardier Inc. based in Canada, has entered into an agreement with a UK rail firm to supply nearly 333 of its rail cars to the latter for USD 724 million. According to the pact, the former ...

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Target’s takeover of Shipt to pose challenges to Amazon & Walmart

Target Inc., the second largest discount store retailer across the U.S., has reportedly purchased Shipt Inc., an online grocery delivery service store, for a valuation of USD 550 million to speed up its same day delivery operations across the U.S. Th...

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Aerion & Lockheed join hands to build first supersonic passenger jet

In a key turn of events witnessed across the aerospace sector, Aerion Corporation, a U.S. based airplane manufacturer, and Lockheed Martin have collaboratively decided to form a strategic alliance to build the world’s first supersonic passenger...

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Toyota to develop a fully-electrified vehicle range by 2025

Toyota Motor Corporation, a reputed Japanese automotive company, is reportedly planning to convert its entire lineup of gasoline-powered vehicles into electrified ones over the forthcoming eight years. The company apparently aims to deliver at least ...

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FDA gives green signal to Luxturna for genetic blindness treatment

In a major breakthrough witnessed across the healthcare sector, the U.S. Food and Drug Administration (FDA) approved Luxturna, a kind of gene therapy to treat a rare genetic eye disease caused due to gene mutation, developed by Spark Therapeutics, a ...

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Top-league consortium to finance Australia’s largest wind farm

Telstra, Coca-Cola Amatil, Melbourne University, and the Australia & New Zealand Banking Group (ANZ) are reportedly expected to buy out the energy generated from the Murra Warra wind farm in Australia. The strategic move will assist the firms in ...

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Boeing in discussions over acquisition of jet manufacturer Embraer

The Boeing Company, a U.S. based firm manufacturing & selling airplanes, has grabbed headlines this week for its proposed takeover of a key jet maker. Reportedly, Boeing is amidst serious discussions to acquire Embraer S.A., a major manufacturer...

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Wesfarmers enters a deal with Coronado to sell Curragh coal mine

In a major breakthrough witnessed across the coal mining sector, Wesfarmers Limited, an Australian firm in the retail, fertilizers, and coal mining business, is anticipated to sell Curragh coal mine to Coronado Coal Group for seven hundred million Au...

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India to outpace China globally as the largest importer of LPG

India is reportedly anticipated to become the world’s biggest LPG importer by the end of this month, comfortably exceeding Chinese LPG imports amounting to nearly 2.3 million tons. According to authentic sources, LPG consignments arriving on th...

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WHO includes gaming disorder as a mental ailment in its beta charter

The World Health Organization (WHO) has apparently included gaming disorder in its list of mental health disorders, which is expected to be released in May next year during the eleventh update of the international classification of diseases (ICD). As...

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Northeast U.S. states file a case against EPA over pollution

Eight states of the U.S., including Delaware and Pennsylvania, have reportedly filed a legal suit against the EPA (Environmental Protection Agency) over ozone pollution. Reliable sources have stated that these Northeastern states of the nation have s...

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NIIT buys out Eagle Productivity Solutions for USD 8.1 million

NIIT Limited, a major Indian firm offering computer training & learning management courses to firms, individuals, and institutes, has reportedly purchased Eagle International Institute Incorporation, a professional training & coaching institu...

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India defends its solar energy policy against US’s legal suit at WTO

India has apparently depicted a strong reaction to the U.S. administration’s recent criticism of the country’s solar power policies. According to reliable sources, in December 2017, the U.S. authorities had filed a litigation against Indi...

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Toronto-Dominion Bank to purchase AI startup firm Layer 6 AI

Toronto-Dominion (TD) Bank, a banking & financial services corporation based in Canada, is set to buy Layer 6 AI, a Canadian artificial intelligence startup firm, for an undisclosed figure. According to reliable sources, the Bank wants to explore...

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T-Mobile declares new BOGO & other smartphone offers for users

T-Mobile, a Germany based player across the telecommunications sector, has reportedly announced a slew of lucrative deals, one of the prime ones being, the ‘buy one, get one’ promo for its smartphones. As per the offer commencing on 12th ...

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China to launch debut crude oil futures contract by March 2018

In a major breakthrough witnessed across the crude oil sector, reports have claimed that China is expected to enter its first crude oil futures deal after 23rd February 2018. It has been anticipated that the agreement will be launched only after rece...

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Lego-Tencent deal to develop safe online games for Chinese children

The Lego Group, a renowned toy manufacturer based in Denmark, has formed a strategic alliance with Tencent Holdings Limited, one of big shots across the mobile gaming & video streaming sector, to jointly manufacture brand online video games for c...

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PEMEX chose Mitsui as its partner to complete Tula plant construction

Petroleos Mexicanos, a petroleum company owned by the government of Mexico, has chosen Mitsui, a Japanese firm, as its partner for carrying out the coking plant operations of one of its biggest refinery in Mexico. A key official of PEMEX has stated t...

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Aetna to pay USD 17 million to customers over HIV privacy disclosure

In a key event witnessed across the health insurance sector, Aetna Inc., a U.S. based healthcare insurance firm, has decided to pay USD 17.2 million as a part of settlement for class-action litigation filed by its customers over mailing, which they c...

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Google and Tencent sign patent-licensing agreement to share patents

Continuing its efforts to rebuild its presence in China, Alphabet Inc.’s Google has signed a patent- licensing agreement with the nation’s largest corporation, Tencent Holdings Limited for sharing copyrights of various products & tech...

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Vice Canada and Rogers Media to terminate Joint Venture

In a key twist of activities observed across the studio business, Vice Canada and Rogers Media have declared the end of their two-year old USD 100 million partnership which was forged in 2016. According to reliable sources, the former has completely ...

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ADM launches a customer innovation unit at Biopolis in Singapore

Archer Daniels Midland (ADM), a U.S. based food processing & commodities trading company, has reportedly inaugurated a customer innovation center at the Biopolis research hub in Singapore. As per sources, the new facility launch has been aimed at...

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Cairn Energy sees huge crude oil E&P opportunity across the North Sea

Cairn Energy PLC, a renowned Europe-based firm in oil & gas exploration business, is reportedly expecting a daily production of nearly 20,000 barrels of crude oil this year from the North Sea oil fields. Sources say that the firm has the ability ...

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South Korea to implement new poultry farm laws to curb avian flu

Amidst the major fluctuations witnessed across the poultry sector in South Korea, another seemingly interesting revelation has been reported to have cropped up. The regional government authorities have made poultry sanitation regulations stricter wit...

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SSE commences discussions with CMA over proposed Npower merger

SSE plc, a Scottish energy firm, reportedly, may commence talks with the Competition and Market Authority (CMA) about the proposed merger of its household supply business with Npower Limited. Sources state that the deal between the two energy supplyi...

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Alabama files legal case against opioid manufacturer Purdue Pharma

In what may seem to be a major jolt to the opioid manufacturing companies in the U.S., Alabama Attorney General Steve Marshall has filed a litigation in the Montgomery court against Purdue Pharma L.P., a pharmaceutical major headquartered in the U.S....

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MAHB signs several partnership deals to make Subang an aviation hub

The Singapore Airshow 2018 has apparently witnessed MAHB (Malaysia Airports Holdings Bhd) inking numerous joint venture agreements as well as MoUs in order to transform Subang into an aerospace & aviation center. According to the managing directo...

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JD.com to establish branch in Australia for ANZ eCommerce expansion

JD.com, one of the most renowned eCommerce firms based in China, has decided to set up an office in Australia to speed up its growth across the ANZ region. Reportedly, the firm’s new headquarters in the Australia & New Zealand region is mos...

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InfraCo Asia & Sunseap collaborate to build solar project in Vietnam

InfraCo Asia Development Private Limited, a firm developing infrastructure projects in the developing regions of Southeast Asia, and Sunseap International, the global division of Singapore based Sunseap Group, have reportedly entered a deal to build ...

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Cancer Research UK CTU gets £4.5mn for pancreatic cancer research

The Cancer Research UK, a charitable organization in the UK focusing on cancer research & healthcare, has offered funds worth £4.5 million for the Cancer Research UK Clinical Trials Unit (CTU) in Scotland after assessing a review report of ...

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Nokia to opt between a sale or shut-down for its digital health unit

In a major turn of events witnessed across the digital health industry, Nokia has declared to have begun evaluating various alternatives for its online health activities. The firm’s decision apparently comes as a surprise to its partners, havin...

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Greencoat Renewables to purchase yet another wind farm in Ireland

Greencoat Renewables PLC, an Ireland based renewable-infrastructure firm, has decided to acquire Lisdowney, a 9.2 MW wind farm based in Co Kilkenny, for EUR 22.5 million. According to the London South East, the Lisdowney wind farm, which was commissi...

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SaskPower to deploy smart meters for additional 7500 customers

SaskPower, a major power utility firm in the Saskatchewan province of Canada, has decided to install 7,500 more smart meters in the region after completing the pilot installation. These smart meters are projected to be deployed until the end of the f...

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Hikurangi to export medical marijuana worth USD 160mn to Rhizo

Hikurangi Cannabis, a New Zealand based medical cannabis firm, has signed a conditional offer worth USD 160 million with Rhizo Sciences, a cannabis brokerage firm headquartered in Seattle, for manufacturing 3,000 kg medical marijuana products next ye...

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MCL plans major investment in multiple sclerosis research program

Medical Cannabis Limited (MCL), a division of Queensland Bauxite Limited, has reportedly decided to fund a research program dealing with the deployment of the medical cannabis therapy for multiple sclerosis. It has been speculated that this is the fi...

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Lawson obtains $4.4mn for adverse drug reaction prevention program

Lawson Health Research Institute, a London-headquartered hospital-based research institute, is likely to receive USD 4.4 million in the form of investments for conducting research on preventing adverse drug reactions. According to some of the key off...

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INPEX buys out Abu Dhabi offshore oil share for USD 600 million

INPEX Corporation, a Japanese firm involved in oil exploration & production, has reportedly secured the development rights for a 10% ownership in Lower Zakum offshore oil field at USD 600 million. According to reliable sources, the agreement will...

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Alibaba & NTU collaborate to conduct AI research in Singapore

Globally renowned Chinese eCommerce firm Alibaba, has reportedly launched its first joint research program in Singapore in association with the Nanyang Technological University (NTU). According to reliable sources, Alibaba’s latest venture will...

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MHIEC to renovate Tachibana Waste-to-Energy unit in Takatsu district

The Kawasaki City has apparently put in a request to the MHEIC with regards to its current unit of waste to energy (WtE) unit. Mitsubishi Heavy Industries Environmental & Chemical Engineering Company Limited (MHIEC) will now be developing Kawasak...

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Scientists develop a tremor suppression glove for Parkinson’s patients

In a major breakthrough witnessed across the healthcare industry, researchers from the Western University have successfully created a functional model of a new 3D printed tremor suppression glove. Apparently, this kind of hand glove can suppress trem...

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Toyota plans to stop diesel-powered car sales in Ireland from 2019

Toyota Motor Corporation has reportedly become the first automotive firm to discontinue the manufacturing of passenger cars powered by diesel. Beginning 2019 onwards, claim company sources, the automaker will not be selling new diesel run cars in Ire...

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FDA gives a ‘go-ahead’ for Made-in-China HIV drug Trogarzo

The U.S. Food and Drug Administration has apparently given a green signal for the use of Trogarzo, a drug used in alternative HIV therapy for adult patients. Also referred to as Ibalizumab-uiyk, this drug has been developed by a Taiwanese firm TaiMed...

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Sprim & Tikehau contribute $50mn toward medtech & life science sectors

Tikehau Capital, a private equity firm headquartered in France, has scarcely formed an association with Sprim Ventures, an investor in early stage health solutions. The alliance aims to introduce a USD 50 million early-phase venture capital fund targ...

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MSU & Ben-Gurion team up on sustainable water preservation solutions

The Midlands State University (MSU), a government owned university in Zimbabwe, has formed an alliance with Ben-Gurion University of the Negev, a public research university based in Israel. The agreement is apparently aimed at carrying out research o...

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Lyft & Magna team up to speed up self-driving vehicle development

Lyft, an on-demand transportation firm headquartered in the U.S., is forming an alliance with Magna International Inc., a Canada based automotive component supplier, to develop autonomous cars. Industry analysts believe that this strategic decision o...

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Top Glove enters USD 310 million loan pact to purchase Aspion

Top Glove Corporation Berhad, a reputed Malaysian firm manufacturing rubber gloves, has signed an agreement for getting a syndicated loan, estimated at USD 310 million, with a group of eight banks. According to the company sources, the firm has signe...

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Grofers secures USD 61.6 million in funding round led by SoftBank

Grofers, an India-based online grocery delivery service, has received funds worth USD 61.6 million from SoftBank Group via its initial fund-raising round. Incidentally, the round also witnessed the participation of Apoletto Asia and Tiger Global as t...

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Alibaba prioritizes SEA expansion, pours in USD 2bn more in Lazada

Alibaba Group Holding Limited, a Chinese eCommerce & retail firm, is expected to provide an additional investment worth USD 2 billion to Lazada Group SA, an eCommerce firm headquartered in Singapore.  Incidentally, the move is aimed at expan...

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BlackBerry & Jaguar enter a pact to jointly work on autonomous cars

BlackBerry Limited, the reputed Canada based firm specializing in enterprise software & IoT, has signed a multi-year partnership agreement with Jaguar Land Rover Limited, a subsidiary of Tata Motors, to develop software for its next-gen cars. As ...

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ENGIE invest S$80mn to develop district cooling projects in Singapore

ENGIE, a reputed French electric utility firm, has apparently decided to offer funds worth S$80 million for developing an innovation unit in Singapore within a span of five years. The strategic move is aimed at bringing about digital initiatives and ...

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GSK’s Juluca gets European Medicines Agency approval for HIV therapy

European Medicines Agency, an EU authority that evaluates medicinal products, has approved GlaxoSmithKline’s two-drug treatment for HIV (human immunodeficiency virus), that causes AIDS (Acquired Immune Deficiency Syndrome). Reportedly, the boar...

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Avaya makes its cloud UC services available in NZ via Pyrios deal

Avaya, a U.S. based tech firm, is likely to provide unified communications & contact center solutions in NZ by collaborating with Pyrios, a communications tech specialist firm. According to the CEO of Pyrios, Robyn O’Reilly, this decision w...

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Intercom attains Unicorn status with USD 125 million funding

Intercom, a U.S. based technology firm, has reportedly raised funds worth USD 125 million with the objective of investing the same in shipping new products and enhancing its already existing product portfolio. Venture capital firms such as Byers and ...

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Google loses copyright lawsuit against Oracle over open-source s/w

The ongoing legal battle between tech giants Google and Oracle seems to have finally reached fruition this week. The U.S. appeals court has given its decision in favor of Oracle that had incidentally sued Google over the use of its open-source Java s...

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Arkansas’ attorney files litigation against opioid drug manufacturers

In what may seem to be a jolt to the opioid drug manufacturing firms across the U.S., Arkansas’ attorney general has filed a legal suit against Johnson & Johnson, Endo International Plc, and Purdue Pharma LP. The litigation claims that all ...

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Alibaba Group plans to acquire a complete ownership of Ele.me

Alibaba Group Holding Limited, a China-based eCommerce firm, has announced that it will purchase the remaining stake of Ele.me, a platform in China providing online food delivery services to its customers. Alibaba’s decision apparently, is aime...

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Walmart may be planning to acquire pharmacy startup PillPack

Walmart Inc., the globally reputed brand across the supply chain market, is discussing a purchase deal with PillPack, a pharmacy startup firm sorting medicine by dosage & delivering it to the consumer’s doorstep. Plausibly, this strategic m...

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Energy management firm SensorFlow raises S$750K led by Cocoon Capital

A Singapore based energy management company, SensorFlow, has reportedly raised funds worth USD 573K (S$750K) from prominent investors such as Cocoon capital, SG Innovate, and SparkLabs via its initial fundraising round. Earlier this year, the company...

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Ford Escape receives a dismal rating in IIHS’s passenger safety trials

Ford Escape SUV, a reputed car model of the Ford Motor Company, has been rated as “poor” by the Insurance Institute for Highway Safety (IIHS) in its new passenger side front crash test results. The new model of the automobile giant has se...

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Amazon gears up to establish a new distribution unit in Las Vegas

Amazon Inc., the reputed eCommerce giant, has announced that it plans to construct yet another warehouse packaging & distribution unit in Las Vegas, Nevada. Incidentally, the establishment will be inaugurated in 2019 on a site spanning 74,322 sq....

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Alibaba in initial stages of planning to fund ridesharing firm Grab

Alibaba, the Chinese eCommerce firm, may reportedly invest in Grab, a ride-sharing firm based in Singapore. Last year, these two firms had actually been discussing about the investments, however, the talks failed to materialize with Alibaba preoccupi...

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Shell decides to sell its entire stake in Gaza Marine Gas field

Royal Shell, an established oil & gas firm, has entered into a deal with the PIF (Palestine Investment Fund) to sell its total share in the Gaza Marine gas facility, offshore Palestine, to a local investment firm.  Shell had inherited the pr...

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Keppel signs a pact with KrisEnergy to upgrade its marine assets

Upstream oil & gas major KrisEnergy has signed a cooperation pact with Keppel Corporation, thereby appointing Keppel as its ideal contractor. Keppel, a major investor in KrisEnergy, had entered into a deal with KrisEnergy through its subsidiaries...

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Apple Inc. loses a patent infringement lawsuit against VirnetX

A federal court in the state of Texas has reportedly asked Apple Inc. to pay nearly USD 502.6 million to patent troll VirnetX, for the infringement of its four patents associated with secure internet communications. According to VirnetX, the giant te...

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WebAuthn gets approved as a standard protocol from W3C- FIDO alliance

The W3C and FIDO joint venture has reportedly revealed a new standard tool for strongly authenticating its websites and displacing the passwords. It is the first such initiative adopted by both the firms for standardizing and implementing strong auth...

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Aramco signs MoU with 3 Indian Oil firms to acquire 50% stake in RRPCL

Saudi Aramco, a leader in global oil production, has entered into a MoU (Memorandum of Understanding) with India’s three major oil marketers. The agreement, inclusive of Hindustan Petroleum Corporation, Indian Oil Corporation, and Bharat Petrol...

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Saint John Airport to be a part of a massive modernization program

The New Brunswick administration has made it public that the Saint John Airport will undergo renovation as a part of an airport modernization program, which is estimated to cost nearly USD 20 million. The authorities further stated that the larger pa...

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Acciona Energy to construct a 265 MW solar farm in Queensland

Acciona Energy, a division of Acciona, has acquired a USD 500 million contract for constructing a solar farm in Queensland. It has been speculated that the solar farm is likely to generate nearly 265 MW of power that will help in meeting the energy r...

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Razer launches digital game store on e-commerce portal Lazada

Razer Inc., a gaming hardware manufacturing firm, has introduced an online game store on the eCommerce web portal of Lazada Group on which its gaming hardware products & peripherals are currently being sold. Though the Singapore based gaming hard...

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Alcheme Skincare culminates its initial round of seed funding

Alcheme Skincare, a reputed Singapore-based disruptive skincare company, has apparently declared the successful closure of the initial seed funding round. Major capital investments in this round have been brought forward through the participation of ...

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Porsche aims to set up 500 fast charging stations in the U.S. by 2019

The reputed German high-performance sports car manufacturer, Porsche, has apparently decided to introduce a supercharger-like network of fast charging stations at highway sites & dealerships in the U.S. Klaus Zellmer, the CEO and President of Por...

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Russia requests Apple & Google to cut off Telegram from app stores

The Russian government has put in a formal request to tech giants Google and Apple Inc., to eliminate the encoding messaging services of Telegram from its app stores. Last week, the Russian court had given the verdict in favor of the telecom authorit...

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Aldi leads UK supermarket list for MSC labeled sustainable seafood

The Marine Stewardship Council (MSC) has apparently revealed that Aldi is far ahead of its business rivals in sustainable seafood service offerings for UK seafood consumers. For the record, Aldi’s seafood offerings include 79% of authorized sus...

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Novo Nordisk expands business in LATAM market, promotes Saxenda to combat obesity issues

Novo Nordisk, reputed player in global pharmaceutical market, is reportedly eager to expand its business in Latin America. The Danish healthcare company headquartered in Bagsværd, Denmark aims to explore new growth avenues in the region by incr...

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Johnson & Johnson to acquire Actelion Ltd. by mid-June 2017 via its reputed subsidiary, Janssen Holding GmbH

Johnson & Johnson, the renowned participant of global pharmaceutical industry, declared that its acquisition deal worth USD 30 billion, with Actelion Limited, a Swiss-based biopharmaceutical major, has been sanctioned by the European Commission. ...

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Nestle’s move to sell its stake in L’Oréal may lead to the cosmetics giant divesting its holding in Sanofi

Nestle S.A., the renowned Swiss based multinational food & drink organization, is expected to sell its stake in L’Oréal back to the French cosmetics firm. The speculation has come into being after Daniel Loeb, founder of the Third po...

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Samsung declares investments of nearly USD 18.6 billion in South Korea to further expand its memory chip & smartphone display business

Samsung Electronics, a multinational electronics corporation based in South Korea, has decided to make extensively huge investments in South Korea. The move, which is a part of the firm’s corporate social responsibility, is aimed at creating ne...

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France to cease the production of gas & diesel-powered vehicles by 2040 in a bid to reduce global GHG emissions

France has decided to banish the production and sale of cars that run on diesel and gasoline, by the end of 2040. Reportedly, this is one of the key steps taken by this developed economy for curbing greenhouse gas emissions and contributing toward th...

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Faraday Future’s plans of constructing a billion-dollar electric car factory in Nevada come to a grinding halt

Well-known technology start-up involved in the production of intelligent vehicles has put a temporary veil on the construction of its manufacturing plant in Nevada worth USD 1 billion. Reports state that the unfortunate financial woes of the firm&rsq...

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Metro Inc. to acquire Jean Coutu Group Inc. to expand its business operations across Quebec

Metro Incorporation, a leading Canadian player across food & pharmaceutical industry, has offered USD 4.5 billion to acquire Jean Coutu Group Incorporation, a pivotal participant in Canada pharmaceutical industry. Metro has had a reputation of ha...

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Softbank to pour capital in Uber, ride hailing company paves way for major investment

Japan-based Softbank Group Corporation, one of most renowned internet & telecommunications industry giant, has been planning to bankroll nearly USD 1.3 billion in Uber, the most acclaimed ride-sharing multinational firm based in the U.S. The inve...

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Shell to acquire electric vehicle charging major NewMotion

Royal Dutch Shell Plc, an oil & gas behemoth, has announced its decision to acquire NewMotion, one of the leading players across Europe electric vehicle charging market to expand its service offering. The acquisition would prove to be rather bene...

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Apple purchases PowerbyProxi to expand its product portfolio

Reputed tech giant, Apple Incorporation has announced the acquisition of PowerbyProxi, a New Zealand based firm providing wireless power transfer & charging services for its end users, with a view of introducing wireless charging feature in its c...

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Bill Gates to build smart city in Arizona, buys land worth $80 million

Bill Gates’s Cascade Investment LLC, has apparently decided to acquire nearly 25,000 acres of land located in the remote area of Tonopah in Arizona for USD 80 million to build a smart city for the future. The proposed city, tentatively titled B...

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Amazon to sell some of its cloud solutions to the China-based Sinnet

Amazon Web Services (AWS) is apparently selling a part of its cloud business to the Chinese firm Beijing Sinnet Technology for a valuation of around USD 301 million. The decision was taken in the wake of the strict implementation of the Chinese law w...

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Apple Inc. purchases augmented reality headset startup firm Vrvana

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...

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Uber issued ultimatum to terminate private services in Israel

In what may seem to be a major event witnessed across the car sharing sector, the Tel Aviv Court in Israel has issued a verdict banning Uber services in Israel, citing the reason that the company was providing the services in the country without a pr...

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FedEx may purchase nearly 100 of Cessna’s new freight aircrafts

Cessna, a U.S. based airplane manufacturing firm and a subsidiary of Textron, has divulged a new design referred as Sky Courier for miniature freighter & passenger airplanes. According to authentic sources, FedEx Corporation, a global courier del...

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OG Oil & Gas makes yet another purchase bid for NZOG company

OG Oil & Gas, an oil & gas division of Ofer Global, has apparently prolonged its partial acquisition bid of New Zealand Oil & Gas (NZOG) firm yet again, stating that the deal requires more time to secure approval from the regulatory bodie...

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Australian Labor Party plans to invest USD 53 million on PrEP drug

The Labor Opposition in Australia has unveiled its plans to invest nearly USD 53 million for conducting more clinical trials on PrEP, an effective medicine endowed with the ability to prevent HIV contraction. According to reliable sources, the plan e...

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ExxonMobil to reveal the impact of global warming on its business

ExxonMobil, a U.S. based oil & gas corporation, has officially declared its plan to frequently publish information with regards to how climatic changes can impact its business and what policies the company would be introducing to combat climatic ...

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Solid Power and BMW ink contract to manufacture solid state batteries

BMW Group, a reputed firm across the automotive sector, and Solid Power, a key manufacturer of new solid state rechargeable batteries, have entered a strategic collaboration for developing & promoting the use of Solid Power’s battery system...

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Myntra remodels AI platform to penetrate the billion-dollar space

Myntra, an Indian fashion eCommerce firm, is apparently aiming toward transforming its AI technology platform into a massive business that may churn out revenues in billions. According to experts, Rapid technology, Myntra’s AI platform, possess...

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Ascential’s Clavis takeover to enhance the former’s earnings

Ascential, a UK based B2B media and information services firm, has acquired Clavis Insight, an eCommerce analytics firm headquartered at Dublin in Ireland, for nearly USD 219 million. As per reliable sources, in 2018, the former is expected to integr...

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Statoil submits proposal for subsidy free offshore wind tender

Statoil ASA, the reputed Norway-based oil & gas firm, has submitted a proposal to acquire a 760 MW offshore wind project in the North Sea area of The Hollandse Kust Zuid Wind Farm in Netherlands. According to reliable sources, the firm aims to ac...

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Oppo to commence SIM-free smartphone sale in Japan from 2018

Oppo Electronics Corporation, a China based consumer electronics firm and a key player across China smartphone industry, is reportedly on the verge of selling SIM-free mobile handsets in Japan. As per reliable sources, the firm recently established a...

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Roku to launch its own voice assistant for business expansion

In a key breakthrough witnessed across the consumer electronics industry, Roku Incorporation has stated that it plans to develop its own voice assistant and make it available to Roku TV owners free of cost. Major officials of the firm believe that th...

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Petrobras agrees to pay $3 bn to U.S investors for claim settlement

Petróleo Brasileiro SA, a Brazil based firm in the petroleum business, has announced that it will pay USD 2.95 billion to the U.S investors who had lost their currency owing to the eruption of corruption scandals that knocked down the firm&rsq...

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AHG to buy two car dealerships worth $7.5 million in New Zealand

In what may be touted as a major boost to the NZ automobile industry, Automotive Holdings Group (AHG), an Australian based firm involved in the auto retail business, has purchased two car dealerships in Auckland for USD 7.5 million. Reports have clai...

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Ripple & Bitcoin lead the tumble of cryptocurrencies in stock market

In a breakthrough witnessed across the cryptocurrency market, the value of digital currencies declined considerably yesterday with Ripple and Bitcoin taking the lead. As per authentic sources, the shares of former traded 10% lower at USD 2.46 on Bits...

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Smartphone distribution agreement between Huawei and AT&T ends

In what may be touted as a major jolt to Huawei Technologies’ aim of expanding its smartphone business across the U.S., the agreement between the firm and AT&T Incorporation to sell the former’s smartphones in the country has terminat...

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MOL to expand its One2Pay online mobile payment business by 2018

MOL AccessPortal Sdn. Bhd., which creates and operates an online micropayment system, enabling users to purchase products & services digitally, is planning to increase the scope of its mobile wallet application One2Pay, to nearly 6000 acceptance ...

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Ford to expend USD 11 bn for electrifying its entire product range

The Ford Motor Company, a U.S. based automotive giant, is anticipated to invest USD 11 billion in the electric vehicle sector by 2022. As per reports, the estimated figure is bigger than its previously declared capital investment of nearly USD 4.5 bi...

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Nestle to sell its confectionery business in the U.S. to Ferrero

Ferrero SpA, one of the world’s biggest chocolate manufacturing and confectionery firm, is planning to buy Nestle’s U.S. confectionery business for USD 2.8 billion. With the former already having signed two successful agreements in the re...

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Rolls-Royce plans to sell its loss-making commercial marine business

The globally reputed automotive giant, Rolls-Royce has reportedly declared that it plans to sell its commercial marine business unit, which the firm claims to have been affected severely due to its lower demand across offshore oil & gas sectors. ...

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Malaysia’s PNB to purchase Battersea Power Station for £1.6 billion

Malaysia’s foremost sovereign wealth investment firm, Permodalan Nasional Berhad (PNB) along with Employee Provident Fund (EPF) organization of the country are reportedly set to buy out Battersea Power Station for £1.6 billion. Reliable s...

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NIIF & DP World expend $3 billion for India’s infrastructural growth

The National Investment & Infrastructure Fund Limited of India and DP World Limited, a global marine & inland terminal operator headquartered in Dubai, have reportedly decided to invest funds worth USD 3 billion for asset acquisition and deve...

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Parcel Perform raises funds worth $ 1.1 million through seed funding

The Singapore based eCommerce logistics startup, Parcel Perform has reportedly raised around USD 1.1 million through seed funding. As per reliable sources, the funds were collected from Wavemaker Partners and the South East Asian fund 500 Durians whi...

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Facebook acquires Confirm Inc. to confirm user identities

Social media giant Facebook has decided to purchase Confirm Inc., a Boston based software firm with expertise in verifying I-cards issued by the government authorities. Sources claim that FB’s strategic decision can help the company gain a bett...

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StoreHub raises $5.1 million to expand its business in Southeast Asia

StoreHub, a retail startup firm based in Malaysia, has reportedly raised funds worth USD 5.1 million through capital investors such as Cradle Seed Ventures, Fintonia, Vertex Ventures, and Accord Ventures. Reports state that the company may utilize th...

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STAAH-Valoot collaboration to offer WeChat Pay to its users

STAAH Limited, a New Zealand based tech firm that offers cloud-based hospitality distribution services, has integrated the most preferred payment option WeChat Pay for Chinese tourists via Valoot’s gateway solutions. It has been forecast that t...

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VMware may acquire its parent firm Dell via reverse merger agreement

In a bid to trade publicly without formal listing, Dell Technologies Inc., has apparently decided to sign a reverse merger pact with VMware – the 60-billion-dollar worth cloud computing subsidiary of Dell Technologies. Reports claim that this p...

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Meridian inks three power supply agreements with Powershop

Meridian Energy Limited, a New Zealand based power generating & supplier firm, has signed three power supply contracts with Powershop, an Australian online electricity retailer. Reports cite that according to the deal, the New Zealand based firm ...

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EDBI to be a part of Moderna’s funding for innovative drug discovery

EDBI, a dedicated corporate investment segment of the Singapore Economic Development Board, is apparently on the verge of making an investment in Moderna Therapeutics, a U.S. based biotech firm, along with numerous other investors. Reliable sources c...

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Nissan to invest USD 9 billion in China electric vehicle market

Nissan Motor Company Limited, a Japanese car manufacturer, has apparently decided to pour in nearly USD 9 billion in China in a bid to dominate the country’s electric vehicle market share. According to the President of Nissan’s China oper...

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Kroger sells its convenience store business for USD 2.15 billion

The Kroger Company, one of the largest supermarket chains in the U.S., has apparently decided to sell nearly 800 of its convenience stores to the EG Group. The sale has been estimated at USD 2.15 billion, as per CNBC. The move seems to be a part of K...

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Vascutek utilizes funds worth £33mn to expand its manufacturing base

Vascutek Limited has apparently decided to set up two cleanrooms & a sterilization suite at Inchinnan, where its manufacturing base is located. The Terumo Group firm that designs, manufactures & markets vascular implants for treating heart ai...

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Indonesia becomes first Asian nation to sell green bonds worth $1.25bn

In what may be touted as a major step toward the reduction of greenhouse effects, the Indonesian government has decided to sell green bonds in a USD 1.25 billion transaction. Reports claim that this is the first initiative of its kind made by any As...

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BHP & ExxonMobil bow out from the sale of Bass Strait Oil assets

ExxonMobil Corporation, a U.S. based oil & gas firm, and BHP, the trade body of BHP Billiton Limited and BHP Billiton plc, have apparently decided not to sell their Bass Strait oil assets. Ironically in 2016, both the firms had declared their int...

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Vodafone & Samsung collaborate to introduce new smart home solutions

The British Telecom firm Vodafone Group has decided to join hands with Samsung Electronics to create and introduce a variety of smart home services in the consumer electronics market. Vodafone is likely to be Samsung’s strategic telecom partner...

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GKN spurns Melrose’s offer, diverges business units thereafter

GKN PLC, a UK based multinational automotive & aerospace component manufacturing firm, has reportedly announced the demerger demerging of its automobile & aerospace divisions by the second half of next year. The move is likely to help the fir...

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Okogen to receive over $10mn from MRCF through Series A funding

Brandon Capital’s Medical Research Commercialization Fund (MRCF), one of the biggest life science investment fund firms in New Zealand & Australia, has reportedly made investments worth USD 10 million in Okogen Inc., a biotech firm developi...

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Xiaomi to introduce its smartphones in the U.S. market by 2018

Xiaomi Inc., a Chinese electronics & software firm, is likely to enter the U.S. smartphone market next year or by the end of 2018. The firm had already commenced its smart phone production activities in India, Western Europe, Southeast Asia, and ...

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Denso-TrackX deal to deliver advanced solutions in automotive industry

TrackX Holdings Incorporation, a global provider of enterprise IIoT (Industrial Internet of Things) software platforms, has apparently signed an agreement with DENSO Products and Services Americas (DPAM). This strategic alliance between the two firms...

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Geely buys major stake in Proton to boost its vehicle production

Zhejiang Geely Holding Group, a Chinese automobile manufacturing firm, has purchased a major stake in Proton Holdings Berhad, a Malaysian firm involved in vehicle design, production, sales, & distribution activities. Experts believe that the move...

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Shell New Zealand officially sold to OMV for USD 578 million

OMV, an integrated oil & gas firm based in Vienna, has purchased Shell New Zealand, the NZ subsidiary of Royal Dutch Shell Plc for USD 578 million. Shell New Zealand, reportedly, has also decided to sell the interest & operations of its Great...

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Walmart to invest USD 7 billion in Flipkart’s eCommerce business

Walmart Inc., the reputed U.S. based retail corporation, is likely to enter into a USD 7 billion worth agreement with Flipkart, an eCommerce firm headquartered in India. According to industry experts, this strategic move may, in all plausibility, gen...

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Walmart & FedEx partner to compete against Amazon in retail business

In what may seem to be a major boost to the global retail sector, Walmart Inc., one of the renowned American retail giants, has announced its decision to team up with FedEx Corporation, a U.S. based courier delivery service firm, to increase shopper ...

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Google teetering on the edge of buying light-field camera maker Lytro

Google has recently made it to the headlines for its decision to acquire Lytro Inc., a U.S. based firm which develops light-field cameras. The purchase deal is likely to be valued within the range of USD 25 million to USD 40 million, as quoted by sev...

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Khazanah plans to purchase Prince Court Medical Centre from Petronas

Khazanah Nasional Bhd, a sovereign wealth fund of the Malaysian Government, is planning to acquire a 100% ownership of the Prince Court Medical establishment from Petroliam Nasional Berhad for improving the healthcare services in Malaysia. Khazanah h...

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Coillte to sell its stake in wind farms for nearly €125 million

Coillte, a commercial forestry firm in Ireland, is planning to sell its stake in four wind farms for nearly €125 million. Reportedly, the sales procedure is likely to explore the interest of the investors in purchasing 50% of ownership rights in...

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Annica Holdings to buy a 25.79% stake in Green Pluslink Sdn Bhd

Annica Holdings Limited, an investment holding firm based in Singapore, has announced that it will purchase nearly 25.79 % shares of Green Pluslink Limited (GPL). Incidentally, this company has recently acquired a waste tire pyrolysis unit in Tanjong...

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GSK acquires stake in Novartis’s consumer healthcare business

GlaxoSmithKline, a renowned pharmaceutical giant, has announced that it will acquire 36.5% of the ownership rights in Novartis’s consumer healthcare venture for USD 13 billion in cash.  For the record, last week, GSK withdrew its acquisiti...

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HGS to purchase 57% stake in Element Solutions for $5 million

Hinduja Global Solutions (HGS) has declared that its subsidiary HGS UK Limited is likely to buy out a 57% ownership in Element Solutions, a digital consulting solutions firm. The company sources have claimed that the valuation of stake purchase has b...

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EnergyAustralia inks deal to buy two Ecogen gas power units from IFM

EnergyAustralia, a power-generating & gas retailing private firm based in Australia, has entered into a USD 205 million deal with IFM for purchasing two Ecogen gas power units. As per the terms & conditions stated in the agreement, the owners...

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Santos to engage with Harbour post its $10.4 billion acquisition bid

Santos Limited, an Australian gas producer, has reportedly declared that it will collaborate with Harbour Energy, a U.S. based energy investment firm, after a USD 10.4 billion acquisition proposal put forward by the latter. According to authentic sou...

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Pavilion Capital to invest nearly S$50 million in Ezion Holdings

Ezion Holdings, a Singapore based firm operating across oil & gas business, is predicted to raise nearly S$50 million through the issuing of shares to its strategic shareholder Temasek Holdings. According to authentic sources, the Temasek-linked ...

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ComfortDelGro to acquire NPT in a deal worth S$30.2 million

In a bid to expand its reach across the patient transportation sector in Australia, ComfortDelGro Corporation has agreed to purchase a stake in the National Patient Transport (NPT) in Australia. The multinational land transportation firm headquartere...

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Rolls-Royce sells German division L’Orange to Woodward Inc.

Rolls-Royce, a UK-based engine manufacturer, has reportedly sold its German unit L’Orange to Woodward Inc., one of the most pivotal aerospace & energy players, for USD 860 million. As per authentic reports, this divestment in L’Orange...

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T-Mobile pays compensation over false ring tones to remote areas

T- Mobile, a wireless network operator based in the U.S., has agreed to pay compensation worth USD 40 million over the U.S. government’s claims that the firm was unable to fix issues related to false ringtones in the rural regions. As per the f...

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TransferWise to be the first non-banking firm with a BoE account

TransferWise, a UK headquartered peer-to-peer money transfer service has seemingly become the first non-banking institution that is granted the rights to access the inter-banking payment system of the Bank of England (BoE). The strategic move is the ...

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P&G plans to buy out Merck’s consumer healthcare unit for USD 4.2bn

Procter & Gamble, a U.S. based consumer healthcare goods firm, has decided to purchase Merck KGaA’s consumer health business for more than USD 4 billion. The acquisition is likely to provide P&G with Seven Seas Limited, a division of Me...

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Weir Group plans to buy out ESCO Corp. in a billion-dollar worth deal

The Weir Group Plc, a UK based engineering firm, has decided to purchase Esco Corporation, a U.S. manufacturer of metal wear parts for mining & construction sectors, in a deal valued for more than USD 1 billion, including debt. It is believed tha...

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TCS becomes India’s first IT bellwether to hit $100bn mark in a decade

Tata Consultancy Services Limited, a notable brand name across the information technology industry, has reportedly become the first Indian firm after a span of ten years to reach the USD 100 billion market capitalization mark. The company seems to ha...

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Royal Dutch Shell PLC and Ensco PLC to be involved in crucial M and A deals to expand their oil and gas business on a global scale

Chevron Corporation, a renowned multinational energy corporation headquartered in California, United States, has agreed to sell all its shares in CTTR (Chevron Trinidad and Tobago Resources SRL) and in Trinling Limited, an LNG marketing & transpo...

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ABB aims to acquire L&T’s electrical business to enhance its overall production capacity, negotiations still on the move

ABB Group, a Swedish-Swiss multinational firm and one of the key players of North America assembly automation market, is eager to purchase the electrical and automation segment of Larsen & Toubro Limited, the Indian multinational corporation offe...

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Amazon’s NFL games’ 30- second ad packages to cost USD 2.8 million for the advertisers

Amazon, a reputed American eCommerce & cloud computing firm, has taken over the streaming rights of the National Football League games from Twitter by paying USD 50 million to the NFL. The former has offered to charge the advertisers with USD 2.8...

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French-based multinational Schneider Electric SE resumes talks of supposed merger with UK’s IT magnate Aveva for the third time since 2015

Renowned French energy management & automation giant Schneider Electric SE has been planning to discuss the possibility of a merger with Aveva, a UK based IT firm, as per the reports from reliable sources. Apparently, this is the third attempt fo...

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Medicare to dodge mandatory cuts in 2017, U.S social insurance program to remain solvent through 2029

The latest buzz on the healthcare insurance grapevine is the termination of monetary cuts in the hospital care funding for the geriatric & disabled population in the U.S. As per a report released by reliable sources, this decision will remain int...

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UnitedHealth Group & AARP to extend their business partnership in a bid to improve the health of the geriatric U.S. population

UnitedHealth Group, a U.S. based healthcare firm, has declared a corporate extension of its business relationship with American Association of Retired Persons (AARP) Incorporation, the largest non-profit institution in the United States, renowned for...

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Duke Energy plans to set up its first three solar energy plants in Kentucky, construction expected to materialize by the end of 2017

Duke Energy, the reputed U.S. based electric power holding firm, has declared its plans to set up three solar power ventures in Kentucky, across the Kenton and Grant counties. A substantial amount of the construction of these plants is expected to be...

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UK government undertakes 30th licensing round for the mature areas of Britain’s North Sea

UK’s oil & gas regulating authority (OGA) had recently conducted its 30th offshore licensing round that provides access to 813 oil & gas exploration blocks, which form a part of the matured areas of Britain’s portion of the North ...

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AT&T Incorporation makes a shift in its leadership positions ahead of the finalization of its merger deal with Time Warner

AT&T Incorporation, a U.S. based telecommunications giant, has declared that three of its senior officials will acquire key posts in the company in the beginning of August, as the firm is all set to merge with Time Warner Inc., an American entert...

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Celgene Corporation to extend its partnership with FORMA Therapeutics to explore new dimensions across pharma and healthcare sectors

Celgene Corporation, a key player in the biopharmaceutical industry, has extended its partnership with FORMA Therapeutics Incorporation, a major giant in the pharmaceutical sector, to pursue research in the field of oncology and therapeutic medicine....

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Walgreens to stock naloxone for opioid overdose treatment

Walgreens Boots Alliance has declared that it would be hoarding up on Narcan, an over-the -counter naloxone drug approved by the FDA, in all its pharmacies in the U.S. to reverse the impact of opioid medicines such as prescription painkillers and her...

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Novartis to sign an acquisition deal with AAA for USD 3.9 billion

Novartis International AG, one of the most globally acclaimed pharmaceutical industry giants, is apparently planning to buy out AAA (Advanced Accelerator Applications) for a valuation of close to USD 3.9 billion. The billion-dollar deal is expected t...

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Ford Motors teams up with Roush to enhance Mustang GT performance

The Ford Motor Company, a U.S. based car manufacturer, has formed an alliance with Roush Performance, a rather pivotal automotive industry giant, in order to speed up the racing ability and speed of its Mustang car model. For the record, this automot...

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

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...

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Daimler AG to electrify its Mercedes-Benz automobile range

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...

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Enel wins lucrative wind project contract at Mexico auction

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 ...

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

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 ...

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Royal Dutch Shell to upsurge spending on renewable energy projects

In a major turn of events witnessed across the oil & gas sector, Royal Dutch Shell Plc has announced an investment of nearly USD 2 billion on electric vehicles, wind power, and biofuel power projects. The firm has apparently increased its spendin...

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Verizon to launch 5G network services in five U.S cities by 2018

Verizon, a key player across the telecom industry, has proclaimed that it plans to introduce the first 5G network in nearly five cities in the United States by the end of 2018. Sacramento in California is anticipated to be the first U.S. city that wo...

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Lamborghini unveils its latest SUV model Urus SUV at Sant’Agata, Italy

Automobili Lamborghini S.p.A, an Italian based automobile firm producing sports cars, SUVs, and supercars, has unleashed the new SUV model – the all-new Lamborghini Urus SUV. As per reliable sources, the concept of manufacturing this new car mo...

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Morocco signs a pact with BYD to spur its vehicle production

In what may be touted as a major boost to the vehicle manufacturing sector in North Africa, Morocco has entered a pact with BYD company limited, a reputed Chinese firm manufacturing electric vehicles, to expand its vehicle manufacturing base. As per ...

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Apple buys Shazam to gain ground in digital music services industry

Apple Inc., the globally reputed tech behemoth, has scarcely purchased Shazam Entertainment Limited, a UK based app development firm for USD 400 million. As per reliable sources, the latter has manufactured a song-identifying application coinciding w...

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AMRC-Skolkovo deal to collaboratively target antimicrobial research

The AMR Center has joined forces with Russia’s Skolkovo Foundation to create new modes of treating microbial resistance. Sources have claimed that the former will offer preclinical assistance to the startup firms operating under the auspices of...

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Microsoft India aims to deliver low-cost IoT solutions to farmers

The Indian division of Microsoft Corporation, the globally reputed tech conglomerate, has apparently been making every effort to minimize the IoT installation costs across the farming sector through the use of cost-effective sensors & equipment. ...

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Inter Pipeline Limited to construct a petrochemical plant in Alberta

Inter Pipeline Limited, a petroleum transportation firm based in Canada, is anticipated to develop the country’s first propane dehydrogenation & polypropylene unit, which is forecast to cost USD 2.7 billion, in Central Alberta.  The fi...

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Aurora and Micron collaborate for effectively treating organic wastes

Aurora Inc., a medical marijuana producer & distributor in Canada, has entered a non-binding agreement with Micron Waste Technologies Inc., a leading manufacturer of organic waste technologies. Through this deal, Aurora possibly aims to make larg...

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Wesfarmers enters a deal with Coronado to sell Curragh coal mine

In a major breakthrough witnessed across the coal mining sector, Wesfarmers Limited, an Australian firm in the retail, fertilizers, and coal mining business, is anticipated to sell Curragh coal mine to Coronado Coal Group for seven hundred million Au...

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Pfizer halts drug research activities for Alzheimer’s & Parkinson’s

Pfizer, a leading pharmaceutical firm based in the U.S, has taken a decision to terminate its research & development activities targeted toward launching new drugs for treating Parkinson’s and Alzheimer’s. According to the key officia...

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South Australia to construct giant thermal solar unit in Port Augusta

Buoyed by the success of world’s largest lithium-ion battery, South Australia is planning to construct the world’s largest solar thermal power unit at Port Augusta. According to authentic sources, the plant construction, which has receive...

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GAC joins hands with Fiat to gain foothold in U.S. automotive market

GAC Group, a key vehicle manufacturer based in China, has reportedly decided to sell its vehicles in the U.S. by next year, by means of signing an alliance with Fiat Chrysler, an automobile manufacturer based in the United Kingdom. Some of GAC’...

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Sun Pharmaceuticals settles drug patent litigation with pharma giants

Sun Pharmaceuticals Industries Limited, a key player across the pharmaceuticals industry, has reportedly entered into a pact with Pharma giants Allergan Plc & Ironwood Pharmaceuticals Inc. for resolving the patent dispute over the Linzess drug in...

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Infiniti declares electrification of all its car models by 2025

Infiniti, a luxury vehicle segment of automotive manufacturer Nissan, has declared its willingness to electrify its car models, with the exception of few large SUVs, by 2021. As per information derived from authentic sources, Nissan’s luxury br...

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Celgene announces purchase of Juno Therapeutics for USD 9 billion

In what may be regarded as a significant breakthrough being witnessed across healthcare industry, Celgene Corporation has reportedly decided to purchase Juno Therapeutics Incorporation, a biopharmaceutical firm headquartered in the U.S., for nearly U...

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UniQuest & PMI collaborate to develop non-addictive pain killers

UniQuest Private Limited, a commercialization unit of the University of Queensland, has apparently signed on a research & option pact with PrevCeutical Medical Incorporation (PMI). Incidentally, PMI, a Canada based biomedical firm, has been a par...

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Coinlancer-Cryptopia partnership marks debut in blockchain industry

Coinlancer, a blockchain technology built on an Ethereum platform for effective freelancing & secured peer-to-peer exchanges, has scarcely collaborated with Cryptopia. Apparently, the deal has come to fruition post Coinlancer’s successful a...

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Microsoft partners with Atria, inks second clean energy pact in Asia

Tech behemoth Microsoft Corporation has reportedly signed a purchase agreement with Atria Power, an India based renewable energy producer. The company intends to buy 3 MW of solar power for electrifying its new data center office in Bangalore. Throug...

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SA government to fund Neoen’s solar & wind hydrogen plant construction

The Labor government, Australia, has apparently decided to offer a loan worth USD 25 million to Neoen, a renewable energy firm based in France. The fund will be used for constructing a 50 MW Hydrogen electrolyser driven by a new wind & solar plan...

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E.ON-RWE deal likely to revolutionize Germany energy industry

In a strategic move that has been touted to transform the energy sector in Germany, E. ON SE has decided to acquire Innogy from RWE AG. Codenamed ‘Live Wire’, this agreement between E.ON, one of the topmost German electric utility firms a...

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VW secures funds in battery supplies for its electric car production

Volkswagen AG, the renowned Germany based automotive manufacturer, has secured USD 25 billion in battery supplies, which may be targeted toward promoting its electric car production activities over the next few years. The German automaker is likely t...

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Siemens to set up the largest 3D printing factory worth £27mn in UK

Siemens AG, one of the largest industrial manufacturing firms headquartered in Munich, is likely to invest around £27 million for the largest 3D printing unit based in Worcester, UK. The main objective of the firm is to make the new additive ma...

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IVL arm inks deal to buy largest PTA plant in U.S. polymers industry

In what may be touted as a major incidence in the polymers & advanced materials industry, Indorama Ventures Holdings LP has signed an acquisition deal with the M&G USA Corporation for acquiring a unit in Corpus Christi near Texas. Reliable so...

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BASF sells oleochemical surfactants business to Stepan in Mexico

BASF SE, one of the most prominent players of the global bulk and specialty chemicals industry, has reportedly claimed that it has finalized the sale deal of a part of its oleochemical surfactants business in Mexico. The unit has been sold to Stepan ...

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Samsung ramps up 3D NAND production in China electronics industry

In a pivotal move to ramp up its 3D NAND production, Samsung Electronics, a key player across the electronics & media industry is expected to develop Xian Line 2 to fulfill the rising demand for 3D NAND flashes. With the excess production in the ...

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Hanwha strengthens stance in India bulk & specialty chemicals industry

Hanwha Chemical Corporation, one of the pivotal participants across South Korea bulk & specialty chemicals industry, is reportedly planning to set up units in the PCPIR complex in Orissa. Reports claim that the investments from the South Korean g...

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Orbis buys Response Packaging to expand its geographical presence

Orbis Corporation, one of the most prominent players of polymers & advanced materials industry, has declared the acquisition of Response Packaging. As per the terms & conditions of the acquisition agreement, the Piedmont-headquartered firm in...

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UK automotive industry firm PSA boosts van plant output at Luton

PSA Group, one of the pivotal contributors of the automotive and transportation industry, will reportedly be increasing the vehicle production at Vauxhall’s van unit in Luton, UK, by adding automobile brands such as Citroen and Peugeot. Sources...

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Novartis-AveXis deal causes considerable storm in healthcare industry

The globally reputed pharma company Novartis, has reportedly signed a purchase agreement with AveXis, a clinical stage gene therapy biotech firm. The deal, which is estimated at USD 8.7 billion, will complement Novartis’s gene therapy portfolio...

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