About Author : Pankaj Singh

Pankaj Singh

Pankaj Singh Develops content for Algosonline, Market Size Forecasters, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With experience in technical and niche writing, he was encouraged to opt for a career in content writing and now pens down articles pertaining to market research, industry news and business trends.



Contribution By Pankaj Singh


Italy’s UniCredit mulls over plausible merger with French rival SocGen

The Italian bank UniCredit S.p.A. is reportedly seeking a potential merger opportunity with the French multinational bank Société Générale S.A (SocGen). Sources revealed that if deal comes to fruition, it could set an exam...

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Microsoft advances efforts in AI development, buy Berkeley firm Bonsai

Following the trend of IT giants buying out promising businesses, Microsoft will soon acquire Bonsai, a small startup in the artificial intelligence domain based out of Berkeley. Although the value of this deal was not disclosed, this is considered t...

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Prominent online retailers to pull out “unsafe” products from Europe

The European Commission has been able to sign an agreement with four of the world’s foremost online retail platforms- Amazon, AliExpress, eBay and Rakuten, to dispose off goods which are identified as dangerous within 1 week of official notice....

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L’Oréal and Alibaba join hands to propagate green packaging in China

L’Oréal, the world’s largest cosmetics company, and Alibaba Group have scarcely signed an agreement indicating their commitment towards reducing waste and using environment friendly packaging for all L’Oréal products b...

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RSPO suspends Nestlé membership on failure to comply with requirements

The Roundtable on Sustainable Palm Oil (RSPO) has reportedly suspended the membership of food and drink conglomerate Nestle, citing failure to submit palm oil sustainability reports and overdue membership fee. Subsequently, Nestle cannot claim the us...

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Testing to commence at UAE backed offshore wind project in Scotland

Batwind, a revolutionary system to store clean energy produced from world’s first floating wind farm of a commercial scale, will reportedly start testing from next month. Considered to be a momentous achievement in the area of deep-ocean renewa...

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Honda to halt the development of its revolutionary Asimo robot

Honda will reportedly stop the development of its humanoid robot Asimo, which the company had introduced to the world in 2000.  Named after the famous science fiction writer Isaac Asimov and credited to be the first walking bipedal robot, it too...

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Boeing to acquire majority stake in Embraer’s commercial operations

The U.S. aerospace behemoth Boeing has signed a joint venture agreement with Embraer that may reportedly give the former prime control of the Brazil industry major’s commercial jet business. The deal is slated to provide Boeing a stronger posit...

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China looking to buy a majority stake in British nuclear power plants

China General Nuclear Power Group (CGN) is rumored to be interested in purchasing a majority stake in eight nuclear power plants in Britain, a deal that could be valued at around £4 billion (HK$41.71 billion). The Chinese state-run company may ...

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IHH Healthcare wins takeover bid of Fortis for RM2.34 billion

After winning a month-long war against domestic and international bidders, India’s Fortis Healthcare Ltd has unveiled that it has accepted an investment offer from IHH Healthcare Bhd. According to the sources familiar with the matter, Fortis ag...

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Walmart & Microsoft join hands, plan to take on rival Amazon

Walmart confirmed that it has entered a five-year partnership with Microsoft for using its cloud services and concentrating on additional projects based on artificial intelligence, machine learning and data platforms. The announcement was made at Mic...

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Grab-NUS deal to focus on mitigating urban transportation issues

Technology company Grab and the National University of Singapore (NUS) have reportedly formed a collaboration for an AI laboratory. The deal had been signed with the intention of brainstorming solutions for traffic congestion and other transportation...

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ComfortDelGro announces trial of new fully electric taxis in Singapore

ComfortDelGro, a land transport company operating in seven countries, announced on Thursday that the trial of two fully electric taxis having fast-charging capabilities has commenced in Singapore. The two Hyundai Ioniq taxis, unlike the petrol-hybrid...

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Grubhub to acquire loyalty service platform LevelUp for $390 million

Grubhub, the online food-delivery company, has announced today that it plans to buy out LevelUp for USD 390 million in cash. The announcement was made during the release of Grubhub’s second quarter earnings report, which indicated a 51% increas...

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Medical diagnostics startup bags $23 million in venture funding

Mammoth Biosciences, a biotech startup researching on the first ever CRISPR-based disease detection platform has reportedly announced today that it has raised $23 million in a funding round led by Silicon Valley’s top capital firm Mayfield Part...

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Gaorong Capital, CMBI to co-lead a $26m funding for Chinese AI startup

In an announcement made by Tianrang, the Chinese AI startup confirmed that Gaorong Capital and CMB International (CMBI) will jointly lead a RMB 180 million (USD 26 million) Series A funding round for investing in the company. Ziniu Fund and China-bas...

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China’s Didi will invest $1 billion in its auto services business

China’s ride-sharing behemoth Didi Chuxing announced an investment of $1 billion in its auto services business, which is said to be associated with a larger unit rebranding as the firm prepares for a sought-after initial public offering (IPO). ...

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Walmart and JD.com provide $500m funding to Chinese logistics company

Dada-JD Daojia, a Chinese online grocery delivery service has reportedly raised USD 500 million in a recent funding round led by U.S. retail giant Walmart and Chinese e-commerce company JD.com. Sources inform that the logistics company is planning to...

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Boeing flies high as it takes on U.S. based Millennium Space Systems

Boeing Co., the aerospace giant, has reportedly announced that it is planning to take over El Segundo (California) based Millennium Space Systems, the official military satellite contractor, in a bid to expand its satellite and space offerings. For ...

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Saudi’s PIF in discussions about investing in Tesla’s competitor Lucid

The Public Investment Fund of Saudi Arabia is reportedly in talks about pouring in capital in Lucid Motors Inc., Tesla’s aspiring business rival. The Saudi Arabian sovereign wealth fund is the one which Elon Musk claimed could invest $72 billio...

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Flipkart unveils 2GUD, aims to sell certified refurbished goods online

Indian eCommerce giant Flipkart has recently launched a new website exclusively for selling refurbished products. Sources claim that the new portal, named 2GUD, will be similar to other e-commerce websites that sell electronic goods but will offer on...

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PTC India might quit wind energy business as tariffs hit a record low

PTC India Ltd. (PTC), India’s electricity trader, has reportedly made plans to exit the wind energy business in response to the remarkable fall in renewable power tariffs in India. In order to exit the wind power business the firm is on th...

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Singapore’s OCBC unveils automated investment platform RoboInvest

Singapore’s Oversea-Chinese Banking Corp. Limited has reportedly launched a next generation algorithm based investment service platform, RoboInvest, for offering smart investment solutions targeted at young and tech-savvy investors in the marke...

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Amsterdam selected as new headquarters for Japans Panasonic

Japanese electronics corporation, Panasonic has reportedly made plans to move its European headquarters from London to Amsterdam in a bid to avoid potential tax related issues linked to the approaching Brexit in October 2018. As per Panasonic Europe...

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Ride-sharing giant Didi Chuxing mulls over investing in Oyo Rooms

Beijing based ride-sharing giant Didi Chuxing is reportedly considering to invest in the Indian hospitality service and budget hotel network Oyo Rooms. Sources familiar with the matter hinted that the anticipated investment could mostly to be made in...

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Six new solar and wind farms to boost energy development in Ballarat

Six new solar and wind projects have been announced for Victoria, a step that the Committee For Ballarat believes is aligned with the development of Ballarat’s renewable training center. Lily D’Ambrosio, the Energy, Environment and Clima...

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Chinese EV maker Nio lowers IPO target to $1.5B before U.S. listing

China based electric vehicle manufacturer Nio has reportedly cut down the target for its NYSE listing to $1.5 billion after releasing a price range for its shares. Citing reliable sources, the company plans to sell 184 million shares between $6.25-$8...

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Sirius Minerals inks massive polyhalite supply deal with Cibra Group

Sirius Minerals, the renowned U.K. based fertilizer development company, has recently announced its largest supply deal for its £3.2bn York Potash mine. According to sources familiar with the matter, the long-term contract for the fertilizer co...

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PayPal confirms decision to buy global payout platform Hyperwallet

PayPal Holdings, Inc. reportedly confirmed that it will acquire Hyperwallet, in a deal said to be worth $400 million to enhance its payout capabilities and enable the company to introduce unified payment solutions to ecommerce platforms. The move wil...

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GE to spin off its healthcare unit and divest Baker Hughes’ interests

General Electric on Tuesday announced that it will spin off its healthcare business unit and let go of its stake in Baker Hughes, its publicly traded oil-services company. GE will reportedly be focusing on power plants, jet engines, and renewable ene...

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Rolls-Royce designs EVTOL vehicle plans to enter flying taxi market

British jet engine manufacturer Rolls-Royce in its recent announcement has unveiled that it is planning to foray the flying taxi market and would soon take the skies by next decade. Reportedly, the company has designed a state-of-the-art propulsion s...

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Irish video-game firm Keywords Studios makes a purchase of £26m

Keywords Studios, the Irish video-game giant has reportedly taken over Electric Square and Studio Gobo (called "Gobo" together) with an investment of about £26 million (€29 million). For the uninitiated, Gobo delivers game devel...

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Keytruda’s success cements Merck’s stance in healthcare industry

Keytruda, the immunotherapy to treat lung cancer being developed by Merck and Co., apparently showed improved survival when used as a stand-alone treatment for newly diagnosed lung cancer. A source at Merck stated that these results presented at the ...

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Foxconn-owned Sharp to acquire Toshiba’s loss-making PC business

Japanese electronics manufacturer Sharp announced on Tuesday its decision to buy out Toshiba’s personal computer business. Reportedly, this segment has been experiencing heavy losses owing to innovations in the electronics and media industry. T...

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Magellan & CIP to develop floating offshore wind energy in the U.S.

The United States based energy management firm, Magellan Wind has entered into a partnership with Copenhagen Infrastructure Partners (CIP) with a view to achieve an early-stage advanced portfolio of floating offshore wind projects near the coast of C...

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Platform Specialty confirms it wants to sell its agrochemicals business

Platform Specialty Products Corporation, a Florida-headquartered specialty chemicals industry major, is reportedly in progressive discussions to divest its agrochemicals business. The divesture will be made to Wilmcote Holdings Plc, a holding company...

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Merck plans to use blockchain to eliminate counterfeit medicines

With counterfeit medicines being a critical issue in the healthcare industry, pharmaceuticals industry behemoth Merck has decided to employ the emerging blockchain technology in its supply chain. The technology will reportedly be used for tracking go...

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Bird raises $300M amid intense competition in the scooter industry

Thursday witnessed the long-awaited round of funding for Bird, one of the most hyped start-ups in the scooter segment, which fetched another $300 million in investments. The funding round was prominently led by Sequoia Capital and Bird’s previo...

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LabCorp & Philips to tie up for advancing the use of digital pathology

LabCorp, a prominent life sciences company and Royal Philips, a formidable name in health technology, have announced a partnership which is aimed at enhancing digital pathology. As a part of the collaboration, the Philips IntelliSite Pathology Soluti...

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Wind Tre hands over a $700mn equipment supply contract to Ericsson

Swedish telecommunications equipment manufacturer, Ericsson AB has apparently won a contract worth EUR 600 million (USD 700 million) to supply wireless equipment to Wind Tre. The company will also be responsible for installing the equipment and bring...

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