About Author : Ojaswita Kutepatil

Ojaswita Kutepatil

Ojaswita Kutepatil, a mechanical engineer by qualification, worked as a BDE and Technical Engineer before switching her profession to content writing. Currently, she works at AlgosOnline. as an Content writer, where she pens down write-ups pertaining to the market research industry. Crafting, reading, and music are some of her other areas of interest.



Contribution By Ojaswita Kutepatil


Volkswagen refuses to let its final investigation report go public

The German automotive giant, Volkswagen (VW) which has acquired 70% of the U.S. light-weight diesel car market, is now simmering in its own toxic juices for cheating on diesel emission tests. The Volkswagen Group authorities revealed at the company&...

Read More
Volvo promises to bring sustainability in its new business models

Volvo, a Swedish multinational manufacturing company, is now committed to roll out more safe, sustainable, and convenient cars on the road. In this regard, the company is upgrading its business model to support the UN Sustainable Development Goals (S...

Read More
Walmart to accelerate its growth in e-commerce to compete with Amazon

Wal-Mart has been pushing hard to catch up with Amazon to sustain its position in the e-commerce battle among leading retailers. This American multinational retail corporation, headquartered in Bentonville, Arkansas, has already been taking baby step...

Read More
Dow Chemical Company to invest in Saudi Arabia for setting up a coatings and silicones unit

Supporting Saudi’s Vision 2030, Dow Chemical Company has signed an agreement to develop a manufacturing unit in Saudi Arabia. This agreement is likely to provide the region with water-treatment applications and a wide range of polymers for coat...

Read More
Nestlé Waters to pour in USD 6 million investment to support the Closed Loop Fund

In an effort to find a national solution to the “recycling gap” across the American sub-continent, Nestlé Waters North America has announced an investment of USD 6 million in the Closed Loop Fund. Closed Loop Fund is a social impa...

Read More
Volvo Cars to phase out conventional engines as it embraces electrification

Volvo Cars has proclaimed that from 2019 onwards, every Volvo it launches will be either hybrid or solely battery-powered. This premium car maker company became the first mainstream automaker to mark the historic end of car models that are otherwise ...

Read More
Alibaba launches the Taobao Global U.S. Merchants Network and connect the US SMEs to 500 million costumers

The Chinese mega e-commerce company, Alibaba Group Holding Ltd., has announced the launch of an online network to provide easier access to the small-scale US manufacturers for tapping into the Chinese market. The Taobao Global U.S. Merchants Network ...

Read More
Charter Communications turns away Sprint’s long-standing proposal for merger

The reports on Sprint Corp’s exclusive merger with Charter Communications had the telecom and media fraternities buzzing of late. However, after several weeks of apparent discussions regarding the deal, a new report has come to the fore, which ...

Read More
IBM’s & Alberta’s AI platform to diagnose schizophrenia by scanning brain blood flow with 74% accuracy

Envisaging IBM’s research efforts conducted alongside the University of Alberta (UoA), it looks like artificial intelligence and machine learning are on the precipice of revolutionizing medical diagnosis. With AI already proving its worth in th...

Read More
Fujitsu launches its new version mainframe OS to focus on digitization

Fujitsu, a leading Japanese company in information and communication technology (ICT), reportedly, will continue making investments in the development of critical mainframes, as is evidenced by the introduction of its latest operating system. This ve...

Read More
Pfizer takes Johnson & Johnson to court for its anticompetitive actions regarding the Ramicade drug

Two of the most globally reputed pharma companies, Pfizer and Johnson & Johnson are squaring off a new front in their legal battles over a rheumatoid arthritis drug. According to reports, the world’s largest drugmaker, Pfizer, is suing Joh...

Read More
Walmart acquires NYC company Parcel with an aim to offer same-day delivery services

In a bid to sharpen its delivery skills, Walmart has closed a deal to acquire Parcel - a delivery logistics startup. The retailer giant plans to leverage Parcel for last mile delivery to customers in New York City and offer same-day delivery services...

Read More
China to accelerate its drug approval system to cut down lengthy delays

China is set to speed up its approval system for medicines and also plans to accept data from clinical trials that are carried out overseas. Reportedly, these changes in the drug approval system will cut down extensive delays in approval processes fo...

Read More
UK to tighten its merger regime over national security concerns

The UK government has announced proposals that would expand its ability to intervene in takeover and merger deals that are likely to raise national security concerns. These changes are particularly targeted at the domains where the deals involve comp...

Read More
US regulators indict Rio Tinto’s chief officials for fraud

The U.S. authorities have reportedly charged Rio Tinto, the London-headquartered Anglo-Australian mining behemoth, and its former chief executive and chief financial officers on the basis of fraud. The indictment rides on the heels of the statement t...

Read More
BT to cut down charges for up to a million landline customers

British Telecom, a leading telecommunication giant has recently agreed to slash the amount it charges to landline-only customers by 37 percent. Sources revealed that about one million customers subscribing to BT’s telephone service will see th...

Read More
LloydsPharmacy shuts 190 UK outlets, blames it on govt funding cuts

LloydsPharmacy will cease trading in nearly 190 stores across England, as announced by the chain’s Coventry-based parent company in Celesio UK. The managing director of LloydsPharmacy, scarcely revealed that the organization’s decision t...

Read More
Vistra acquires Dynegy to form a power producer giant in Texas

Vistra Energy and Dynegy, two independent power producers, have scarcely announced their merger in an all stock-deal, which has reportedly been in the works since May. Reports claim that Vistra Energy’s acquisition with Dynegy for USD 1.74 bil...

Read More
Limerick secures GBP 85 million from EIB toward urban development

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...

Read More
South32 spins off its major South African coal operations to hit JSE

In a bid to ensure its ongoing sustainability and improve its operational competitiveness, South32, an Australian mining and metal company has recently unveiled its plans to separate its South African coal operations. Apparently, this move is set to ...

Read More
US to revise offshore safety rules to promote more drilling activities

Touted to be one of the most debatable move under the Trump administration, the Bureau of Safety and Environmental Enforcement (BSEE) is considering easing offshore oil and natural gas safety regulations that were put in place after the BP's Deep...

Read More
China’s Geely expands beyond the home turf, buys stake in AB Volvo

Zhejiang Geely Holding Group, the renowned Chinese company that bought Volvo Cars in 2010, has recently announced that it has agreed to acquire a stake in the Swedish bus & truckmaker Volvo AB, from activist investor Cevian Capital for around $3....

Read More
Red Dot Power plans to build 50 EV charging stations by 2019

Red Dot Power, the Singapore-based electricity retailer has recently announced that it will be investing around SGD 500,000 to install 50 electric vehicles charging stations in the nation by 2019. Reportedly, the firm would team up with a Finland-bas...

Read More
GM to extend cutback in vehicle production at Oshawa plant, Canada

Renowned automotive industry giant General Motors has recently announced that it will be extending its cutback in the car production at its Oshawa plant located at Ontario, Canada. Reportedly, the extension of the single-shift production operation da...

Read More
Under Armour reveals data breach of 150 million MyFitnessPal accounts

Unveiling one of the biggest hacks in the history, Under Armour, a renowned sportswear manufacturer, recently announced that some 150 million MyFitnessPal users have been hacked in a serious data breach. According to authentic reports provided by Und...

Read More
Evonik launches RESOMER composite polymers for bone fixation devices

Evonik, one of the leading biodegradable bone graft polymers industry majors, has recently announced the launch of its very first product grade from a brand-new product line of RESOMER Composite polymers.  Evonik says that integrating the osteo...

Read More
SIA to launch nonstop 19-hour flight from Singapore to New York

Singapore Airlines (SIA) in its recent announcement has unveiled that it will soon be picking up its new ultra-long-range aircraft in Q3 2018, to launch a non-stop flight to New York that will commence by the end of the year. Sources reveal that wit...

Read More
Walmart to alter opioid prescription policies at its pharmacies

In a bid to curb opioid misuse and abuse, Walmart Inc., has announced that it will only fill first-time opioid prescriptions for acute pain to seven days or even less across the United States. Reportedly, the initiative will be commenced within 60 da...

Read More
Quebecor to repurchase its stake in Caisse for USD 1.69 billion

Quebecor Inc., a communications company, has recently announced that it has entered into a definitive agreement with Quebecor Media Inc. to gain control of the Caisse de dépôt et placement du Québec for a valuation of USD 1.69 bil...

Read More
ISA and TAU Ventures to launch Xcelerator for emerging startups

The Israel Security Authority (ISA), also popularly known as Shin Bet in Hebrew, in partnership with the venture capital fund TAU Ventures, has recently announced that they will be launching a startup accelerator program called as ‘The Xcelerat...

Read More
Cadent moves ahead to create UK’s first large-scale hydrogen network

Gas distribution giant Cadent has recently announced that it will be investing over £900 million in developing UK’s first-of-its-kind large scale hydrogen network in the North West of England. Reportedly, the plant will help reduce enviro...

Read More
China to soon launch Fruquintinib, its self-developed anti-cancer drug

The China Food & Drug Administration has reportedly acknowledged an approval of the anti-cancer drug, Fruquintinib, for the treatment of patients with advanced colorectal cancer. Allegedly, the drug is likely to be approved by the year end and ma...

Read More
Aston unveils Volante Vision Concept, takes aircrafts to skies by 2020

British luxury carmaker, Aston Martin has recently revealed its luxury concept aircraft with VTOL (vertical take-off and landing) capabilities. Previewed as the Volante Vision Concept, sources reveal that it has been produced in partnership with Cran...

Read More
Apollo inks deal for Lifepoint buyout, aims to expand rural healthcare

Apollo Global Management, LLC, a private equity establishment, reportedly plans to buy LifePoint Health in a $5.6 billion deal intended to expand its interests in developing rural U.S hospital business. The deal, as per sources, is a result of Lifepo...

Read More
ITV invests USD 1 billion with Hollywood giants to launch NewT

ITV, a commercial television channel of the United Kingdom has reportedly collaborated with major Hollywood studios including 21st Century Fox, Disney, and others. Two huge Wall Street banks and the billionaire Walton family would reportedly pour in ...

Read More
Is the legalization of medical marijuana changing the healthcare dynamics of North America?

Empowered by the recent developments in the United States, Canada, and Mexico, it would seem that the North America medical marijuana industry is on the cusp of a monumental shift in its drug policy & the criminal justice system. In fact, the war...

Read More
MannKind & United Therapeutics sign collaboration deal for PAH drug

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

Read More
Broadcasting platform Caffeine raises $100M from 21st Century Fox

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

Read More
Xiaozhu raises around USD 300 million from Jack Ma’s Yunfeng Capital

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

Read More
Tata Group in talks of acquiring a controlling stake in Jet Airways

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

Read More
Biotech firm Roivant Sciences raises $200 million in a funding round

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

Read More
Big win for AstraZeneca’s Lynparza: A study shows a reduced risk of 42% in breast cancer caused by BRCA mutations

AstraZeneca, a leading research-based bio-pharmaceutical company is on the verge of a breast cancer drug breakthrough, as per reliable reports. This pharma giant revealed promising trail results for the treatment of patients diagnosed with an aggress...

Read More
Clariant and Huntsman all-stock merger deal to be rounded off for a value of USD 14 billion

Huntsman Corporation, renowned specialty chemicals firm, and Clariant AG, global leader in oil field specialty chemicals market, will reportedly merge to form a new entity called HuntsmanClariant, with a deal valuation of around USD 14 billion. The ...

Read More
Teladoc to acquire Best Doctors for USD 440 million in a bid to expand its telemedicine business

Teladoc has entered into a definitive agreement to buy Best Doctors - a leading medical consultation company. As a part of the agreement, Teladoc is set to purchase Best Doctors for USD 65 million in stock and USD 375 million in cash. With this acqui...

Read More
EQT purchases Rice Energy for USD 6.7 billion, the deal poised to be one of biggest agreements witnessed by the U.S. oil & gas market

EQT Corp. has announced that it intends to buy Rice Energy for a valuation of USD 6.7 billion and is set to combine two of the three biggest shale producers in southwestern Pennsylvania. This acquisition will expand the footprints of both the compani...

Read More
Baidu & JD.com to join peers Alibaba and Tencent in uplifting China Unicom

Two of China’s biggest technology firms, Baidu and JD.com have recently lined up with other major Chinese companies including Tencent and Alibaba, for jointly investing USD 12 billion in the state-owned company - China Unicom. China United Net...

Read More
SoftBank to salt away a humongous capital of USD 1 billion in sports e-commerce firm, Fanatics

Reputed online retailer Fanatics has been fortunate enough to have its name enlisted among the latest companies to receive funding from SoftBank. As per reliable sources, Softbank has made a massive investment of USD 1 billion in Fanatics. The deal i...

Read More
Google and Walmart establish strategic partnership in a bid to challenge Amazon

Of late, the online retail industry giants are under constant limelight as they are moving forward to keep pace in the race for online retail and e-commerce. Walmart is already seen pushing itself and taking steps to catch up with the e-commerce mark...

Read More
Volkswagen to amass cobalt reserves as it pivots away from diesel to electric vehicles

Amidst the strategic shift to reorient itself toward electric vehicles, Volkswagen, the renowned German carmaker is securing long-term contracts for supplies of cobalt. The company has asked reputed cobalt producers to pitch in proposals for supplyin...

Read More
GM settles lawsuit with California county for USD 13.9 million

General Motors Co has reportedly agreed to pay USD 13.9 million to settle a lawsuit brought forth by the Orange County, California, which accused the auto giant for hiding safety defects in millions of its vehicles. The District Attorney’s Offi...

Read More
Chrysaor becomes one of largest UK O&G producers with Shell’s assets

Royal Dutch Shell has finalized a total of up to USD 3.8 billion sale of a package of its North Sea assets to Chrysaor. Reportedly, the sale includes an initial consideration of USD 3 billion upfront with a further payment due of over USD 600 million...

Read More
Cleanaway to buy rival Tox Free Solutions in a $671 million takeover

Cleanaway, a leading player across waste management and recycling industry, has reportedly struck a million-dollar agreement to buy its minority rival Tox Free Solutions. According to reports, Cleanaway is expected to offer USD 3.425 per share in cas...

Read More
Oil major BP returns to solar market with $200m stake in Lightsource

In what stands to be a significant solar partnership, UK oil and gas giant, British Petroleum, has recently announced that it would buy 43% stake in solar energy firm Lightsources for a total of USD 200 million. If sources are to be believed, with th...

Read More
SwipedOn to expand business post USD 1 million capital raise

SwipedOn, a Tauranga-based software firm has recently announced that it has raised over USD 1 million after hitting a revenue mark of the same value in annual sales. Reportedly, this million-dollar capital, raised by the firm comes from the backing o...

Read More
HBAN-DIA collaborate to invest nearly USD 3.75 mn in Irish firms

Halo Business Angel Network (HBAN), an Ireland based dedicated, all-island umbrella group for business angel networks, has recently announced that it has inked its first overseas partnership with the Digital Irish Angels (DIA) Syndicate. Reports reve...

Read More
Ofcom raises over £1 billion via auction of 34 lots of spectrum

UK telecommunication regulator Ofcom has recently announced that it has raised close to GBP 1.35 billion (USD 1.89 billion) via an auction of spectrum in two frequency bands - 2.3-GHz (4G) and 3.4-GHz. Apparently, the auction of 34 lots of spectrum a...

Read More
Facebook dragged to U.S. courts over facial recognition data consent

The social networking giant Facebook of late has been constantly in the news because of the class action lawsuit it has been facing in the U.S. This time however, the company was dragged to courts over its use of facial recognition technology, claim ...

Read More
Yinson & Sumitomo team up to operate FPSO & FSO projects worldwide

Yinson Holdings Berhad, a world leader in FPSO market, has recently announced that it is collaborating with a Japanese company Sumitomo Corp. The partnership is aimed at conjointly entering the business of leasing and operation of FSO (floating stora...

Read More
Henry Schein plans to divest its animal health business unit

One of New York’s leading publicly traded firm by revenue, Henry Schein Inc., has recently announced its plans to spin off its USD 3.5 billion veterinary supply business and unite it with Vets First Choice. Elaborating on the details of the me...

Read More
DOE offers $14.5mn to accelerate R&D of geothermal energy technologies

The Department of Energy (DOE) of the United States has recently announced that it will be providing funds of close to USD 14.5 million to advance the research and development activities in geothermal energy industry. Reportedly, the EDGE (Efficient ...

Read More
Jugnoo enters Singapore car sharing market with reverse-bidding model

India car sharing market giant Jugnoo has recently unveiled its plans to enter the Singapore ride-hailing business sphere as Uber Technologies prepares to drive off. Ever since Uber has announced its retreat from the Singapore car-sharing industry, ...

Read More
Xcel Energy receives green signal for wind farms in New Mexico & Texas

Xcel Energy, Inc., a utility holding company in the U.S. wind energy market has recently announced that it has secured regulatory approvals from the Public Utility Commission of Texas to make headway with its plans of developing new wind energy proje...

Read More
New AI powered app K aims to revolutionize the healthcare industry

The New York-based app, K Health, has recently announced that it will be making its debut in the U.S. healthcare industry. Reportedly, the company has partnered with a Madison-based primary care practice – Integrity Family Care to bring the AI ...

Read More
Schneider & Temasek buy L&Ts Electric & Automation division

French energy management & automation solutions provider Schneider Electric SE, in collaboration with the Singapore state investment firm Temasek, has recently unveiled that it has entered into a definitive agreement with a leading Indian conglom...

Read More
Usakos teams with MDL to develop 200mn liters oil storage facility

MDL International, provider of customized logistics solutions for O&G companies, has recently unveiled its plans to develop a fuel storage facility at the coastal town of Usakos, 180 km away from Walvis Bay on the western coast of Namibia. Source...

Read More
Royal Dutch Shell to drop its stake in Amberjack Pipeline for $1.22 bn

Oil major Royal Dutch Shell has recently unveiled in an announcement that it will be selling its ownership interest in the Amberjack Pipeline Company LLC. The sale deal with its subsidiary Shell Midstream Partners, L.P., is valued currently at USD 1....

Read More
GE to support Saudi Arabia’s Vision 2030, announces a 15-billion-dollar deal during Trump visit

General Electric Co. has reportedly signed a lucrative business deal with Saudi Arabia that is worth around 15 billion U.S. dollars. The agreements and memorandums were inked in the presence of Deputy Crown Prince Mohammed bin Salman of Saudi Arabia ...

Read More
ChemChina gets approval from the European Union authorities to takeover Syngenta and seal the deal

The agricultural mega-merger of ChemChina, the Chinese state-owned chemicals market player, with Syngenta, first floated around the market in the year 2016. The 43-billion-dollar deal, however, has finally been wrapped up, after the much-awaited gree...

Read More
GSK to enter a strategic collaboration with Exscientia to enable AI for new drug development

Exscientia and GlaxoSmithKline (GSK), are pleased to announce their strategic collaboration to harness the power of Artificial Intelligence-driven drug discovery. GSK’s expertise in drug and Exscientia’s proficiency to enable the AI platf...

Read More
Race Oncology raises funds worth AUD 2.5 million, specialty pharma firm to launch Bisantrene in France by the end of 2017

Finalizing a placement of shares, each priced at AUD 0.20 to every one of its investors, Race Oncology Ltd. has effectively fostered AUD 2.5 million to develop drugs for cancer therapies. Through this funding, Race aims to expand the portfolio of Bis...

Read More
Audi has been enlisted as a part of the German diesel emission investigation

The infamous Volkswagen emissions scandal has hit the automaker hard, and is now on the verge of engulfing the automotive industry, by investigating other companies under the brand for fraud. According to recent reports on the rigged engines scandal,...

Read More
Disney may have a fall-out with Optimum, gives the high sign to NY-based customers regarding the loss of ESPN & ABC

The latest buzz in the media and cable industry comes with Walt Disney’s intimation to its New York consumer base regarding its deal with Altice USA. Reportedly, Disney has pre-warned its consumers regarding the loss of the ESPN, ABC, and the D...

Read More
Ford & Lyft to join forces over the deployment of autonomous cars

With driverless technology gaining immense traction in the automotive cosmos, Ford and Lyft have jointly agreed to exploit its potential. The two giants have signed an agreement pertaining to the increasingly expanding market for self-driving cars. T...

Read More
Viacom & Charter to extend renewal deadline over carriage negotiations

The global pay TV industry has of late, been a witness to numerous carriage disputes over myriad negotiations and broadcast issues, which seem to have caused quite a disruption in the entertainment space. The latest shot from the bow deals with the ...

Read More
UK legislators accuse eBay & Amazon for failure to tackle VAT frauds

A panel of legislative bodies in the United Kingdom have prosecuted renowned e-commerce giants Amazon and eBay for not having taken appropriate actions to prevent the tax fraud by vendors on their online platforms. Further on, they have insisted on c...

Read More
CVS offers USD 66 billion to buy health insurer Aetna

CVS Health Corp. is reportedly amid serious discussions to acquire the third largest health insurer in the U.S., Aetna Inc., for a rumored amount of over USD 66 billion. Apparently, the deal has offered Aetna more than USD 200 per share. If sources ...

Read More
Earbud startup Doppler Labs to shut down after raising USD 50mn

A smart earbud company, Doppler Labs, has announced that it is apparently shutting down all its operations, after running out of cash and options. Reportedly, the startup behind the Here One earbuds raised more than USD 50 million in funding from inv...

Read More
Altice USA to provide voice & data services via Sprint’s network

The reputed U.S. cable giant, Altice USA, has recently inked an agreement with Sprint Corp., becoming the newest firm to enter the U.S. wireless market in a bid to strengthen its consumer base. The deal, which marks yet another attempt to consolidate...

Read More
Uber to witness severe face-off as Lyft expands services to Toronto

Amidst the latest buzz surrounding the cab industry, it appears that the raid-hailing giant Uber will have some fresh competition in the city, as its chief rival Lyft has announced its plan to expand its service to Toronto. Reports claim that Lyft i...

Read More
Pendragon focuses on UK used car market, sells its US motor business

British online car dealer, Pendragon, has reportedly unveiled its strategy to sell off its US Motor Group Business and focus chiefly on UK used car market. For the uninitiated, the deal comes on the heels of the October profit warning Pendragon recei...

Read More
PotashCorp and Agrium to receive final approval for merger from FTC

The latest news that bulk and specialty chemical industry is ablaze with, is a mammoth merger that is slated to take place between the world’s largest potash producer - PotashCorp and one of the most prominent players in the agricultural and ch...

Read More
Hyundai Mobis to introduce world’s first panoramic sunroof airbags

Hyundai Mobis, the parts arm of Hyundai automobiles, and a long-time South Korea automotive supplier, has recently introduced the world’s ‘one-of-a-kind’ and ‘first’ piece of automotive safety equipment. More specificall...

Read More
UNSW signs a landmark energy deal to become 100% solar powered

Australia’s UNSW (University of New South Wales), reportedly, has signed a contract with a solar company - Maoneng Australia and an energy supplier - Origin Energy to provide the campus with 100% solar energy. This unprecedented tripartite sola...

Read More
Chevron Phillips successfully launches ethane cracker in Baytown

Chevron Phillips Chemicals, one of the leading players of the bulk & specialty chemicals industry, recently announced that its new U.S. ethane cracker at the Cedar Bayou facility in Baytown, Texas has commenced operations. Reportedly, the company...

Read More
Pfizer’s positive drug results mark success in healthcare industry

Leading healthcare and medical devices industry giant Pfizer has recently announced that its drug tafamidis, which is being developed for a rare heart disease, has successfully met its primary goal in a late-phase study. Reportedly, Pfizer’s cl...

Read More
Automotive firm Nexteer to set up new software center in India

Nexteer Automotive recently unveiled that it will soon be opening a ‘Software Centre’ in India to further strengthen its stance in the regional automotive & transportation industry. If reports are to be believed, the plan to open a ne...

Read More
District heating giant Umea Energi integrates with ABB Ability system

Umeå Energi, a well-known name in the district heating industry, has recently announced that it will be integrating Siemens PLC with ABB AbilityTM System 800xA across its district heating plants. Reportedly, by installing the technology, the co...

Read More
Rogers partners with Ericsson on 5G tech tests in Ottawa, Toronto

Rogers Communications Inc., has recently announced that it will be testing its new high-speed fifth generation wireless network in Toronto, Ottawa and few other selected cites by the end of next year. Reportedly, the company revealed that it will be ...

Read More
Oil & gas major Vermilion acquires Spartan Energy in a $1.11bn deal

Vermilion Energy Inc., a global leader in the oil & gas industry has recently announced that it is weighing an acquisition deal with its Canada-based rival Spartan Energy Corp. According to reports, the deal is finalized for C$1.40 billion (USD 1...

Read More
DOE announces $105 million grant for advanced solar technologies

The U.S. Department of Energy (DOE) has recently announced that it will be funding over USD 105 million under its Solar Energy Technologies Office (SETO).  Reportedly, the funding which has been initiated by the DOE will put an emphasis on impro...

Read More
Australian scientists develop novel polymer sponge for oil spills

A bunch of Australian scientists have apparently developed a new type of polymer sponge that is capable of soaking oil spills. As per reports, the polymer is made of Sulphur and waste cooking oils (food & petroleum industries by-products) that ca...

Read More
LiDAR firm Luminar unveils newest unit, aims to lead autonomous sector

With an intention to further solidify its ‘major player’ status in the LiDAR market, Luminar, in its recent announcement has unveiled its newest Lidar unit with a 120-degree field of view. Reportedly, the Silicon Valley-based startup has ...

Read More
WVU Medicine & Apple join hands to offer health records on mobile app

West Virginia United Health System (WVU Medicine), West Virginia's leading healthcare provider, has recently announced that it has teamed up with the tech giant Apple, Inc., to allow health records to be uploaded to the company’s mobile hea...

Read More
Google offers speedy data centers connectivity via Partner Interconnect

Google Cloud Platform, in its recent announcement has unveiled a new cloud on ramp, Partner Interconnect, to offer companies various options for connecting their own data to the tech giants global cloud platform. Reportedly, the move will enable comp...

Read More
Aramco & Total may plan the buyout of Saudi retail fuel stations

Saudi Arabian Oil Co., the world’s largest oil & gas industry major by revenue, has recently announced that in partnership with Total SA, it will be weighing certain joint acquisitions of retail fuel stations. These businesses would include...

Read More
Aramco & SABIC choose KBR for their oil to chemicals plan worth $20b

Oil major Saudi Aramco and SABIC (Saudi Basic Industries Corp), the renowned chemicals industry titan have reportedly announced their partnership over a planned oil to chemicals project. Allegedly the project is the world’s biggest, and both th...

Read More
AGL Energy receives a $250m offer from Alinta for Liddell power plant

The leading Australian electricity and gas retailer Alinta Energy has proposed a USD 250 million bid for the ageing Liddell coal power station from the proprietor AGL, an energy industry behemoth. Allegedly, despite the growing federal government pre...

Read More
ANZ, IBM, & Suncorp develop blockchain platform for insurance sector

In a turning tide of events unfolding across the sustainable and smart technologies industry, ANZ (Australia and New Zealand Banking Group) has recently unveiled a blockchain platform for the insurance sector. Reportedly, the blockchain solution will...

Read More
Specialty chemicals firm ExxonMobil to buy PT FKT for USD 436mn

The American multinational oil & gas major ExxonMobil Corp., in its recent announcement has revealed that it will be soon acquiring one of Indonesia’s largest lubricants market players, PT Federal Karyatama (FKT). The USD 436 million strate...

Read More
Nikola Motors sues Tesla for $2 bn, accuses of copying truck design

Electric-hydrogen truck startup Nikola Motor Co. apparently plans to sue automotive industry behemoth, Tesla Inc., for cribbing its design and claiming that its patents were infringed. Reportedly, the lawsuit claims that Tesla willfully copied the pa...

Read More
Reece acquires MORSCO, taps U.S. luxury plumbing fixtures market

Australia’s leading luxury plumbing fixtures industry player Reece Ltd., in its recent announcement has unveiled that it will be acquiring MORSCO Inc., a leading distributor of waterworks, plumbing, and heating & cooling equipment products,...

Read More
Standard Lithium signs MoU with Lanxess, tests Li extraction viability

Standard Lithium Ltd., a leading next-generation lithium producer, has reportedly signed a Memorandum of Understanding (MoU) with a global specialty chemicals industry major LANXESS Corporation and its US affiliate - Great Lakes Chemical Corporation....

Read More
Automotive & transportation firm Uber expands service in Costa del Sol

Ride-hailing industry giant Uber has unveiled in its recent announcement that it will be expanding further into Spain by launching a licensed multi-city ride-hailing service across the southern Costa del Sol coastline. Reportedly, the move comes in t...

Read More
GE Renewable Energy taps Chile wind industry, launches debut project

GE Renewable Energy has recently announced its very-first wind energy deal in Chile. Reportedly, the project with Arroyo Energy Compañía de Energías Renovables Limitada, will see the renewable energy industry major supply 6 turbi...

Read More
India to advance warfare tactics, works on UAV & robotic weaponry

In what can be regarded as one of India’s more ambitious defense projects, the Indian Government has begun its work on incorporating artificial intelligence (AI) in the military sector in a bid to enhance the operational preparedness of the arm...

Read More
Ultimaker partners with polymers & advanced materials industry giants

A leading 3D printing materials market player Ultimaker has recently announced that it has formed collaborative alliances with several global polymers & advanced materials industry companies to meet the escalating demand for industrial-grade engi...

Read More
PwC Australia enters alliance to bring blockchain to freight industry

PwC Australia in its recent announcement has affirmed that it has collaborated with the Chamber of Commerce and Port of Brisbane in a bid to launch blockchain pilot. Reportedly, the trio will leverage blockchain technology to link supply chain inform...

Read More
Automotive major Ford to test self-driving delivery van in Miami

Joining forces with Postmates and Dominos, automotive industry giant Ford has already begun testing its autonomous meal-delivery system for folks in Miami. Ford has recently announced that its autonomous delivery will be hitting the roads to gauge ho...

Read More
Ring announces the launch of smart home security system Ring Alarm

Ring, a renowned home security solution market major owned by Amazon, has finally announced that it will be launching its Ring Alarm home security system on July 4, after a lengthy lawsuit postponed the system’s earlier release date. For the r...

Read More
GE in talks to spin off industrial engines business for $3bn to Advent

American multinational conglomerate GE (General Electric Co.) has reportedly announced that it is nearing a deal to divest its industrial engines unit to a global private equity firm Advent International. According to sources familiar with the matter...

Read More
County Line to acquire all assets of hydroponics system, Grow Box 5000

County Line Energy Corporation, a U.S. based industry major, has apparently entered into a non-binding MoU (Memorandum of Understanding) with Vince Andreula, Daniel Serruya, and Eric Dena regarding the acquisition of Grow Box 5000’s assets. For...

Read More
CATL builds factory for supplying batteries to German automakers

Contemporary Amperex Technology Ltd (CATL) a Chinese battery company has reportedly chosen a site for its battery manufacturing setup in eastern Germany. As per sources, the company aims to meet the battery demand of major automobile manufacturers th...

Read More