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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Uber commits $10m to sustainable and eco-friendly mobility in cities

Recently, Uber has made several announcements informing about its decision to commit $10 million for supporting eco-friendly causes, over the next three years, in cities where it operates. Part of the effort also includes spending $1 million for prom...

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Altria stocks surge on rumors of its supposed investment in pot firm

Altria shares witnessed a surge recently after a report indicated that the Marlboro brand cigarette manufacturer is in discussions to acquire stakes in Aphria, a Canadian marijuana company. A spokesman for Altria declined to give any confirmation on ...

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Ford introduces new mid-size SUV in China to revive falling sales

Ford Motor Co. has recently launched a new mid-size SUV in China, as it looks to revive diminishing sales in the biggest car market of the world. The Ford Territory, developed along with the local partner Jiangling Motors, is apparently targeted at t...

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Addison Lee, Oxbotica collaborate to launch self-driving taxis by 2021

On-demand ride company Addison Lee has reportedly announced a partnership with Oxbotica, a self-driving startup, aimed at developing autonomous vehicles that can be integrated with London’s existing transport infrastructure and get them in serv...

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Hong Kong listed Innovent Biologics gains around 20% on trading debut

Biopharmaceutical technology firm Innovent Biologics surged about 20 percent after it debuted in the Hong Kong market, which was closely being observed to see the interest of investors in Chinese biotechs, as three of its competitors had previously e...

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Tech Mahindra and BioNEST sign agreement to establish a bio-incubator

Tech Mahindra is partnering with a bio-incubator, BioNEST, to foster the pharma and biotech innovation ecosystem in India. BioNEST, as per records, was formed with the support of Biotechnology Industry Research Assistance Council (BIRAC) to encourage...

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SGX to sign MoUs with CFA and ZJEA to reinforce partnerships in China

Singapore Exchange Limited (SGX) will reportedly sign memoranda of understanding (MOUs) with the China Futures Association (CFA) and the Zhejiang (S) Entrepreneurs Association to further strengthen its relations with Chinese companies and markets. S...

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Nissan signs MoU with Ghana to develop vehicle manufacturing industry

Automobile manufacturer Nissan has reportedly inked a memorandum of understanding (MoU) with the Ghanaian government to work together and establish the automotive manufacturing industry in the country. The company will allegedly make Ghana its hub fo...

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India Power and consortium win 100MW solar park contract in Albania

A consortium led by India Power Corporation Ltd recently won a tender for constructing a 100 MW solar park in Albania, the country’s energy ministry has confirmed. The solar park is reportedly worth around USD 79.3 million (EUR 70 million) and ...

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TCS, SAP partner on intelligent rail maintenance to support customers

Tata Consultancy Services (TCS) has announced that it has partnered with SAP for developing SAP® Leonardo powered Intelligent Rail Digital Maintenance (iRDM) solution. iRDM is supposedly aimed at helping rail customers transform their businesses ...

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Paytm suspends in-app chat feature owing to costs involved in scaling

Payments solution and digital wallet company Paytm, which is backed by major investors like Berkshire Hathaway and Softbank, has confirmed that it has pulled out the in-app chat feature available in its Inbox due to high scaling costs. The Inbox feat...

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New $34 million F&B incubator kicks off in East Garfield Park

The Hatchery, one of the largest food & beverage incubators in the U.S., has recently announced that it is open for business at East Garfield Park in Chicago. Reportedly, the new Chicago-based USD 34 million food incubation space helps local entr...

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ContourGlobal sells 49% stake of its Spanish CSP assets for EUR 134M

ContourGlobal is reportedly selling 49 percent stake of company’s 250 MW Concentrated Solar Power (CSP) plants in South-West Spain, which they bought from Acciona SA in early 2018. As per the agreement, ContourGlobal will sell 49 percent sta...

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Telstra, TPG-Vodafone and Optus lead Australia’s 5G spectrum auctions

The Australian Communications and Media Authority (ACMA) has reportedly announced the outcome of its 5G spectrum auction and one of the largest Australian telco firm, Telstra, has won most of the lots in the 3.6GHz band. From this spectrum auction, t...

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SSE drops Npower merger plans as government plans to cap tariff prices

Reports confirm that Scottish energy firm SSE plc has called off its plans to merge with Npower, blaming the challenging market conditions and Government’s upcoming price cap. SSE said that it has not been able to agree terms for the new compan...

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Trade unions & drug firms in no-deal Brexit preparations ink 26 NDAs

Reports suggest that pharmaceutical firms that are working with Whitehall for maintaining medicine supplies in case of a no-deal Brexit event have signed 26 suppressive orders. Apparently, these orders are aimed at barring the pharmaceutical firms fr...

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China-based OSAT companies looking to tap high-end packaging segments

OSAT (outsourced semiconductor assembly and test) firms based in China are reportedly preparing to foray into medium to high-end packaging fields. Apparently, this includes the FC (flip chip) packaging segment, where these firms believe they could te...

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Visa buys Earthport for $250mn to expand cross-border payment services

Multinational financial services corporation Visa Inc. is reportedly acquiring Earthport, a British payment firm for $250.6 million. Earthport, which offers cross-border payment services to businesses and banks, has previously formed a partnership wi...

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BluGlass collaborates with Aixtron to evaluate its RPCVD technology

BluGlass Limited, a clean technology innovator, has recently announced that it would collaborate with Aixtron SE, a leading semiconductor equipment firm, for evaluating the unique remote plasma chemical vapor deposition (RPCVD) technology of BluGlass...

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Qatar Airways inks deal to buy 5% interest in China Southern Airlines

State-owned carrier Qatar Airways recently confirmed that it has acquired a 5% stake in China Southern Airlines in an attempt to access the rapidly growing market in mainland China. Qatar Airways CEO Akbar al-Baker stated that opportunities exist for...

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Harley Davidson ties-up with Panasonic for electric motorbike LiveWire

The US-based motorcycle maker Harley Davidson, in partnership with Panasonic Automotive, has built an electric bike which is the company’s first-ever EV motorcycle. Apparently, this move comes as the motorcycle manufacturer has been hit by layo...

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Lupin’s NaMuscla gets EU approval to treat myotonia in adults with NDM

Lupin Limited has reportedly received the European Commission’s approval for its specialty drug NaMuscla used in the treatment of a rare neuromuscular disorder. As per trusted sources, Lupin is preparing to launch NaMuscla in Germany and the UK...

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Mosambee partners with Mastercard to launch Android based PoS in India

Reports indicate that payments solution firm Mosambee and financial services major Mastercard have recently launched SamosaPoS, a multi-utility point of sale (PoS) machine based on Android, for enhancing the penetration and acceptance of digital paym...

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WIN’s aerospace unit begins deliveries to airline firm Boeing

Wipro Infrastructure Engineering’s aerospace subsidiary has reportedly begun supplying aerospace parts to Boeing from its plant close to the Bengaluru international airport. Sources close to the development state that Boeing contracted Wipro Ae...

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OurCrowd, KEB Hana Bank ink MoU for innovative tech solutions in Korea

Leading equity crowdfunding platform OurCrowd has recently announced that the company has partnered with KEB Hana Bank of South Korea, a Hana Financial Group subsidiary. With this investment, KEB Hana has become OurCrowd’s latest institutional ...

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Check Point detects fault that could let Fortnite accounts be hacked

Check Point Software Technologies Ltd. has recently announced that the company’s researchers have discovered vulnerabilities in Fortnite, a massively popular online game. Apparently, the researchers of Check Point have informed the game develop...

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AWE picks AECOM as delivery partner for UK nuclear deterrence program

Premier infrastructure firm AECOM and AWE plc. have reportedly inked a deal that names AECOM as the delivery partner for AWE’s Nuclear Capability project, which is a crucial component of the nuclear deterrence program of the U.K. government. ...

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AirAsia demands RM480 Mn from MAHB in losses from operating at KLIA

Low-cost air carrier AirAsia has reportedly served a notice on Malaysia Airports Sdn Bhd claiming nearly RM480 million for the losses occurred from operating at klia2. For the record, MASSB is a solely-owned subsidiary of Malaysia Airports Bhd. Re...

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Reddit reportedly in talks with Tencent for a $300 Mn funding round

Major social news aggregator Reddit has been reported to be in talks to raise $150 to $300 million in a funding round led by Tencent, the Chinese tech giant. Citing reliable sources, the Series D round would allegedly see the startup hit a pre-m...

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BB&T to acquire SunTrust for $66 billion in an all-stock merger deal

The combined entity is expected to emerge as the sixth-largest bank in the U.S. BB&T Corporation, a North Carolina-based bank holding company, has reportedly announced its acquisition of SunTrust Banks Inc., an American bank holding company, i...

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Innovega develops new AR & VR eyestrain management technology

The technology will effectively reduce 3D stimuli detection time, depth distortions, improve stereoacuity and reduce visual fatigue and discomfort of users. Renowned optics firm, Innovega Inc. has recently announced that it has developed a technol...

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PE firm Darby invests in specialty pharmaceutical company Biopas

The investment has been completed by Darby Private Equity via the DLAPDF III Darby Overseas Investments Ltd., the private equity arm of Franklin Templeton Investments, has reportedly invested in Latin American specialty pharmaceutical company, Bio...

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Aeronautics Defense Systems inks $13M drone deal with Azerbaijan

Two weeks ago, the Defense Ministry of Israel reinstated the company’s export licenses.   The contract would be spanning over a period of two-years & would be overseeing the maintenance of Orbiter 1K drones. Aeronautics Def...

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Binance introduces testnet of its decentralized crypto trading service

Global cryptocurrency exchange Binance has recently launched an initial version of its long expected decentralized crypto exchange service (dex). Apparently, launch of the service, currently in testnet phase, has been on the cards for a long time and...

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Ipsen confirms US$1.31 bn agreement to buy Clementia Pharmaceuticals

Ipsen pharma has recently announced that the company has entered into an agreement for acquiring Clementia Pharmaceuticals, with the boards of directors of both the firms allegedly approving this transaction. Apparently, completion of this deal is ex...

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IWAI, Indian Oil to develop fuel infrastructure for national waterways

The Inland Waterways Authority of India (IWAI) and Indian Oil Corporation Limited (IOCL) have recently signed a Memorandum of Understanding (MoU) to jointly develop infrastructure for fuels, LPG, lubricating oils, Natural Gas and other relevant fuel ...

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Larsen & Toubro Infotech closes acquisition of Nielsen+Partner

Larsen & Toubro Infotech (LTI), the Mumbai-based, global IT solutions & services company, has reportedly completed the acquisition of the Germany-headquartered Nielsen+Partner (N+P), along with several recognized subsidiaries. Reportedly, ...

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Keppel and SPH to exercise compulsory buyout of remaining shares in M1

Reports indicate that Singapore based infrastructure firm, Keppel Corporation, and Singapore Press Holdings, nation’s leading media organization, would be compulsorily acquiring all the remaining shares the the companies do not currently own in...

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Appen inks $300m deal to acquire machine learning company Figure Eight

Tech firm Appen has recently announced that the company has acquired Figure Eight, a machine intelligence firm, in an all-cash deal which would see Appen pay an upfront amount of $175 million. Apparently, an additional payment of up till $125 million...

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EVO Payments acquires Way2Pay to reinforce its digital payment service

Leading global payment technology and services provider, EVO Payments, Inc., has recently announced that the company has acquired Way2Pay, a Dublin, Ireland based payment gateway. Apparently, the terms of the acquisition were yet to be disclosed. ...

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Toyota and Nvidia to expand partnership for autonomous car technology

Reports indicate that Toyota Motor Corp. is expanding its relationship with Nvidia, as the automaker and its research units based in Japan and the U.S. look to speed up its autonomous vehicle development program. At the GPU Technology conference 2...

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Grab to charge fee for ride cancellation in Malaysia from March 25

Reports confirm that from March 25 this year, Grab Malaysia would begin charging its passengers a fee for canceling rides and also those who are late to their hired cab, after a specific permitted time. According to its updated Passenger Cancellat...

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Jitjatjo closes new $11M funding round led by Morningside Technology

Reports confirm that Morningside Technology Ventures, a Hong Kong investment firm, has led a $11 million Series A funding round for Jitjatjo, which is a mobile staffing marketplace for hospitality industry in New York.  Reportedly, the compan...

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Connecticut secures first legislative win towards legalizing marijuana

Reports confirm that the attempt to legalize marijuana in Connecticut has received its first legislative victory, after a legislative committee approved a plan that would establish a framework for the selling of cannabis products to adults who are 21...

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Sequoia India and Faering Capital inject $15M in Finova Capital

Finova will utilize the funds to expand its footprint and provide credit access for the unbanked populace. Finova Capital, a Jaipur-based NBFC (non-banking financial company), has grabbed attention for garnering a funding boost of around US$15 mil...

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Lyft raises its IPO price range owing to high demand from Wall Street

Reports indicate that California based transportation company Lyft, which is expected to hit a landmark initial public offering in the public markets on March 29, has recently increased the range of its share price. Apparently, the firm has stated it...

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DSG Consumer Partners raises $30m, marks the first close of new fund

DSG Consumer Partners, a consumer-focused venture capital firm has reportedly marked the first close of its third fund aimed at securing $50 million. As per founder and managing director of DSG Consumer Partners, Deepak Shahdadpuri, DSGCP III, the...

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Payments firm BharatPe raises $15.5M in Series A funding round

The latest investment round involved the participation of the U.S.-based Insight Partners, joined by existing investors Beenext and Sequoia. The Indian fintech start-up, BharatPe, has reportedly made it to the headlines for raising up to $15.5 mil...

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U.K. mulls penalizing tech giants on failure to delete harmful content

Reports confirm that British regulators have unveiled a breakthrough proposal, drafted by the leading consumer-protection authorities of the United Kingdom, to penalize Google, Facebook and other tech giants that fail to stop the spread of harmful co...

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BP & Schneider Electric sign five-year global frame agreement

Through the agreement, both the companies will work together to minimize project risks, lower costs and increase efficiencies, while driving innovation, value and safety in a secure manner. BP plc, a British multinational energy producing company,...

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NewBridge forms a joint venture with King Hemp NM for industrial hemp

The joint venture will use the most advanced farming and genetics techniques. The US public company NewBridge Global Ventures, Inc., focused on the dynamic and emerging regulated and legal cannabis industry, has reportedly announced that it has in...

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India Post teams up with TCS to modernize 1.5 lakh post offices

TCS has designed and implemented the Core System Integration (CSI) program for the transformation India Post has reportedly teamed up with global leading IT services firm Tata Consultancy Services to launch innovative services, enhance customer ex...

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Starbucks launches safe needle disposal boxes in select US markets

Starbucks has started installing safe needle disposal boxes following the OSHA investigation. Starbucks has reportedly installed safe needle disposal boxes in bathrooms across select U.S. markets to protect its employees from used syringes. T...

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SalesLoft secures $70 million funding for sales engagement platform

Reports confirm that an Atlanta-based startup, SalesLoft, has secured $70 million in a Series D round of funding which was led by Insight Partners and also participated by HarbourVest. It has supposedly created a platform for salespeople for helping ...

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German startup GetYourGuide secures funds for travel activity platform

Reports suggest that Berlin-based travel startup, GetYourGuide, has secured considerable investment in a funding round from various investors, including SoftBank. Supposedly, the firm has raised €500 million (US$558 million) at a €1.6 billi...

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Zenoti secures $50m in funding round led by Tiger Global Management

Reports confirm that Zenoti, a software provider to spas and salons, has secured $50 million (Rs 350 crore) in a Series C round of funding led by Tiger Global Management, a New York-based investment firm. According to Avendus Capital, current inve...

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Tricor acquires Richful Deyong to expand business services in China

Tricor Group has reportedly announced the acquisition of Richful Deyong (RFDY), a Hong Kong-based company providing integrated business and corporate services, to focus on supporting Chinese based companies in their international corporate activities...

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SoftBank Group makes $20m investment in Mexican payments startup Clip

SoftBank has reportedly invested around $20 million in a fintech startup Clip, based in Mexico, becoming one of the first Latin America agreements for the Japanese group, as it introduces a $5 billion technology fund in the area. Sources familiar ...

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TasFoods acquires Betta Milk for $11.5m to expand production capacity

Reports confirm that TasFoods, the Tasmania-based food company has confirmed it will buy Betta Milk, an unlisted Tasmanian milk company for an agreed price of $11.5 million in cash. Executive chairman of TasFoods, Shane Noble, recently said that f...

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ETSI and Indian telcos ink MoU to cooperate on telecom standardization

COAI aims to establish India as the global leader of innovative mobile communications infrastructure, services, products and attain 100 percent national density. The standardization organization ETSI and telecom industry body Cellular Operators A...

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Cargill invests in Israeli 3D tissue engineering startup Aleph Farms

Cargill has reportedly announced that it would be investing in Aleph Farms, an Israeli meat start-up focused on developing complex meat varieties such as steak. Cargill is formally participating in a Series A round of funding led by Singaporean inves...

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Ola inks deal with SBI and Visa to offer 10M credit cards in India

Ola has recently signed an agreement with Visa and the State Bank of India to launch up to 10 million credit cards over the next three and a half years. This move will aid SBI and Visa in acquiring more customers in India, where most transactions are...

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Eco-friendly chemicals manufacturer Solugen raises $32M in funding

Solugen Inc., a specialty chemicals manufacturer and world’s first company to produce bio-based peroxide solutions, has recently announced a Series B funding round, in which the company collected $32 million. The funding was led by Founders Fun...

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Organic Solutions buys Brydone Growers to boost Thai food operations

Organic Solutions, a Queenstown-based company, has reportedly confirmed the acquisition of Brydone Growers of Oamaru, a leading organic grower in New Zealand’s South Island. Director and Founder of Organic Solutions, James Porteous stated th...

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Teva Pharma to pay Oklahoma $83 million for opioid case settlement

Teva Pharmaceuticals USA and affiliates of Teva Pharmaceutical Industries Ltd. have entered an agreement with the state of Oklahoma to settle state claims against the company. Teva will make a one-time payment of $85 million to the state of Oklahoma,...

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Vivendi-owned Canal+ procures M7 Group in €1 billion acquisition deal

Canal+ acquired M7 Group from the media firm’s present private equity investor, Astorg Partners. The acquisition would be giving Canal+ access to its increasing customer base across European markets. Canal Plus Group SA (Canal+), a re...

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Recorded Future announces US$780M acquisition by Insight Partners

The company will use this transaction to accelerate next phase of global growth and expansion. Leading cyber threat intelligence provider, Recorded Future has recently announced that U.S. based private equity firm, Insight Partners has ...

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HSB partners with CNA Financial to offer IoT-technology solutions

The partnership will help the two firms drive down losses and innovate new solutions using IoT. Global specialty insurer and reinsurer, The Hartford Steam Boiler Inspection and Insurance Co. (HSB) has recently announced partnership with U.S. comme...

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Greenpeace activists stage climate protest on BP oil rig in Scotland

Currently the activists have occupied a platform on a leg of the rig beneath the main deck. Greenpeace activists have reportedly declared that they have climbed the 27,000-ton rig which is being run by BP - as it tried to leave Cromarty Firth...

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Zee5 teams up with Israel’s Applicaster to enhance viewer experience

Under the proposed partnership agreement, Applicaster would be developing & managing Zee5’s smartphone app.   Applicaster would also be enhancing the features & functionality of the platform to ensure an improved viewing exp...

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OkCredit raises $15.5 million in a funding round led by Tiger Global

Bengaluru-based mobile solutions provider OkCredit has reportedly announced that it has raised $15.5 million in a funding round led by New York-based Tiger Global. As per trusted sources, the valuation is the highest in series A type of funding round...

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Dropbox launches new desktop app with enhanced user experience, design

The new app has undergone structural changes for it to be able to work like any other desktop application Dropbox, the file hosting service, recently unveiled a newly designed application for desktop use which is expected to bring a fresh perspect...

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Enlighten secures $6.5m for expanding cannabis technology portfolio

Reports confirm that Enlighten, a leading cannabis technology company, has recently closed an oversubscribed Series B funding round valued at more than $6.5 million, led by Tuatara Capital, L.P., an expert alternative investment manager. Seeming...

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American Airlines rolls out satellite based Wi-Fi to over 700 aircraft

Satellite based Wi-Fi will offer access to 12 free live TV channels that people can stream on their own personal device American Airlines, world’s largest airlines in terms of passenger traffic and fleet size, recently confirmed the roll out...

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Bounce raises $72M in series C funding round led by B Capital Group

The Bengaluru-based bike rental startup Bounce has reportedly raised $72 million in series C round of funding led by B Capital Group, a global technology fund, and Falcon Edge Capital, a New York based hedge funding company. As per trusted sources...

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Capco and Candela to fuel digitalization of financial services in APAC

Belgium-based multinational business and technology giant Capco recently announced to have signed a joint venture agreement with Bengaluru-based Candela Labs. Sources aware of the development stated that the two companies have collaborated to prov...

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B8ta secures US$50m in Series C funding led by Evolution Ventures

The California-based retail-as-a-service company B8ta has recently raised $50 million in Series C equity funding round. Evidently the round was led by Evolution Ventures along with B8ta’s existing investors Macy’s, Peak State Ventures,...

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Facebook pays £500,000 fine to UK over its Cambridge Analytica scandal

Facebook, the renowned US based tech giant, has reportedly agreed to pay over £500,000 (approx. $643,000) to the UK’s Information Commissioner’s Office over its part in the Cambridge Analytica scandal. This fine was originally enfor...

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Yiwu collaborates with Alibaba to boost digital transformation efforts

Yiwu, one of the most favored destinations in China amongst overseas traders, is reportedly in talks to explore new trade channels in alliance with domestic e-commerce giant Alibaba, in order to speed up the digital transformation of Yiwu Trading ind...

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Tata Power to raise minimum Rs 4,000 cr through renewables InvIT

The company would also aim to reduce the debt level by selling non-core assets Tata Power, the largest private power company in India, is keen on raising funds through the infrastructure investment trust (InvIT) route for monetizing its renewable...

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Workforce Software secures a major strategic investment from Evergreen

The investment is expected to solidify WorkForce Software’s position in the market Evergreen Coast Capital Corp, a private equity firm focused on technology, has recently made a major investment in WorkForce Software, a leading provider of c...

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Mitsubishi Motors to move its North American headquarters to Tennessee

Compared to Cypress, Tennessee will provide a mild climate, good schools and lower cost of living for workers Japanese automaker Mitsubishi Motors recently announced that it is moving its North American headquarters to Tennessee from Cypress, Cali...

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Amazon expands function of Fire TV devices to add dedicated Live tab

Amazon, the American multinational tech company, recently announced that it is adding a Live TV tab to it Fire TV devices. Apparently, the company wants to ensure its customers are aware of what is being played regardless of the services they general...

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SAMI and Hanwha Group partner to manufacture munitions in Saudi Arabia

Reports confirm that Saudi Arabian Military Industries has signed a deal with three affiliates of South Korean conglomerate Hanwha Group, namely Hanwha Systems, Hanwha Corporation, and Hanwha Defence, for establishing a joint venture company in Saudi...

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Yas Holding acquires 2.5 percent stake in Iceland based Alvotech

Alvotech, a renowned Icelandic biopharmaceutical firm involved in the development and manufacturing of biosimilars, reportedly announced that Yas Holding, an Abu Dhabi based investment firm, has purchased a 2.5 percent stake in the company’s bu...

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ABC Technology declares having set up headquarters in Singapore

Of late, various companies are trying to sustain their foothold in the market by extending their reach to several regions worldwide. Following a similar pattern, ABC Technology has decided to mark an international entry through the city of Singapore....

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Adidas plans to pull the plug on two major robotic factories

In this era of automation and digitalization, keeping pace with the humongous deals and requirements has been stated to give the manufacturing companies a tough time. This leads to either the dissolution of the company or the factory unit. In a recen...

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SaaS startup Loop Returns raises $10 million in Series A investment

With growing online shopping traffic, the number of brands selling their products has also increased over the past few years. With more people shopping online, more brands are expanding themselves economically. However, this growth is being offset by...

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Freshworks raises $150Mn, to offer cloud & automation tools to customers

Increasing adoption of technology has enabled businesses to generate tremendous growth in the past few years. Speculating its importance, investors across the world are pouring in funds to develop efficient software solutions.  Freshworks, a ...

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AeroGrow unveils the launch of its all new ‘Grow Anything’ Appliance

The invention is said to augment the yields for distinguished plant species.   Grow Anything emerges out as world’s first on-board plant computer accessible through device and proprietary application. Various companies are tryi...

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Tata Steel to remove 3,000 employees from its Europe business

Tata Steel, a renowned Indian steel manufacturing company reportedly announced that it plans to cut 3,000 jobs from its European business. The move comes as a part of the company’s plan to put an end to the reducing profitability in the contine...

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Lightspeed Venture leads $8 million funding round for Freight Tiger

Mumbai-headquartered business-to-business logistics technology startup Freight Tiger has recently managed to raise $8 million in a funding round led by venture investment firm Lightspeed Venture Partners. Reportedly, list of other participants in the...

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Sevan confirms the launch of new London office for European expansion

Sevan Multi-Site Solutions, a leading provider of innovative design, construction services, data analytics and program management solutions to firms with multiple sites, has reportedly announced the inauguration of its new London office. Apparently, ...

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Endophys Holdings launches the latest Pressure Sensing Assess System

The Dallas headquartered – Endophys Holdings has reportedly launched a new Pressure Sensing Assess System (PSAS). The device is basically a 25cm sheath and is designed to provide deeper access to the femoral artery and measures intra- arterial ...

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JP Morgan unveils digital investment service to engage new investors

New York-headquartered multinational investment bank and financial services company J.P. Morgan Chase is reportedly in talks to roll out a new and low-cost robo-advisor to lure banking customers to invest in their firm. Apparently, after almost a ...

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Sintavia acquires non-destructive testing company QC Laboratories

The acquisition will enable Sintavia to have increased NDT capabilities, extending its existing services to the commercial aerospace market. Sintavia, a Florida headquartered 3D printing service provider, has reportedly announced to have acquired...

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KarbonKleen offers alternative financing for dynaCERT’s HydraGEN tech

dynaCERT Inc., a company that provides technology that reduces carbon emissions, recently announced that it has obtained a promising alternative financing option for its dealers, in relation with its HydraGEN Technology (an on-demand hydrogen injecti...

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Cambodia dismisses rumors of allowing China access to its Naval base

Cambodia refuses any such agreement with China in lieu of constitutional restrictions. The Cambodian authorities have denied a report stating that it has signed a secret agreement to permit China to station their armed forces at the Cambodian nava...

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CBI suggests European Union to prepare faster for no-deal Brexit risk

As per the CBI report, the blend of the UK and EU’s different approaches has created an imbalance. The European Union has reportedly been less prepared for a no-deal Brexit in comparison with Britain. In case of no transition agreement and ...

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Fox Corporation to buy U.S. consumer finance marketplace Credible Labs

The transaction is valued at USD 397 million and is expected to complete in the fourth quarter of the year New York based broadcasting company, Fox Corporation has reportedly announced that it will acquire Credible Labs Inc., a US based consumer l...

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Salesforce buys ClickSoftware for $1.35B to reinforce field services

Reports confirm that Salesforce, the American cloud-based software giant, has recently confirmed its acquisition of ClickSoftware, a privately held field service company, in a deal valued nearly $1.35 billion in stock and cash. The agreement appea...

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Westpay-Loomis tie-up to provide cutting-edge digital payment services

This association will bring benefits to retail customers for seamless on-site transactions. Services available only to Finland and Sweden customers initially; plans are in place to establish a broader market in Europe at a later stage. Lead...

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Infosys witnesses a cloud service hike as firm partners with biggies

Infosys has partnered with Microsoft Azure, Google Cloud, and Amazon Web Services to help its clients to shift their applications to the cloud.   Infosys aims to have 50% income generation from digital services. Infosys, IT service p...

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Hershey acquires ONE Brands & announces snack bar portfolio expansion

ONE Brands is being purchased for $397 Mn or approx. $325 Mn net of tax benefits.   ONE Brands would greatly compliment Hershey’s current Oatmega business, which was procured as a part of Amplify Snack Brands Inc., acquisition in 20...

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Binance procures crypto trading platform JEX based in Seychelles

Binance has shown continued interest in the crypto derivatives market, an observation backed by its acquisition of JEX.   The company intends to offer more innovative crypto-asset derivative products in future as Binance JEX. Binanc...

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Sears to cut 250 corporate jobs at its headquarters in Hoffman Estates

Sears will implement a permanent reduction of workforce within 14 days.   The company will be closing dozens of its Kmart and Sears stores. Sears, Roebuck and Company, a chain of department stores, has announced that would reportedl...

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Valsoft acquires Commsoft OASES and enters the aviation vertical

Since the company’s first association with airline sector over 40 years ago, Communications Software has been developing the MRO IT system continually. Commsoft will keep on developing and supporting OASES, and all other services and produ...

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Atomwise to collaborate with Hansoh Pharma for AI-based drug discovery

Atomwise Inc., a leading developer of healthcare software that uses AI to discover medicines and agricultural compounds, recently announced that it will be collaborating with Hansoh Pharmaceutical Group Company Limited, a leading Chinese biopharmaceu...

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Bharat Forge plans to build its new plant in North Carolina, U.S.

The forging industry plays an important role in driving the manufacturing and automobile sectors. Surging demand for aluminum worldwide by numerous industries has encouraged market players to expand their business reach.  Bharat Forge Ltd., o...

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Indonesian P2P lending startup JULO raises $10 million in Series A2

Fintech companies in Indonesia are witnessing a substantial growth lately. The fintech boom in Indonesia is due to low access of businesses to traditional capital sources. P2P lending firms are one of the hot seats for fintech business of Indonesia.&...

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RAC Insurance moves to MicroStrategy Cloud™ Platform on Azure

Cloud computing is one of the many trends in the IT industry that offers valuable services like mobility, cost-saving, security and flexibility to organizations. In the current digital era, companies are focusing on harnessing cloud computing to gain...

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Fold App secures $2.5M funding to offer bitcoin lightning payments

Fold App, the bitcoin payments startup, has reportedly raised $2.5 million in the recent financial round. Fold, in its first funding round as an independent company after leaving Thesis, has now apparently added fiat-support on its application. So...

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Ripple enters Iceland with acquisition of crypto trading firm Algrim

Various global companies are continuously transacting and collaborating with other companies in the world in an effort to maximize their business capabilities. Given the well-documented rise of cryptocurrencies, various crypto trading firms across th...

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Pennsylvania American Water buys assets of Steelton Borough Authority

In 2016, a law was passed in Pennsylvania which made in feasible for water authorities to sell their assets to utility companies. Since then, the Pennsylvania water service market has witnessed a substantial growth as well as greater number of collab...

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UPS unveils new on-demand, mobile friendly self-storage service

Self-storage service industry is witnessing an exponential growth lately and is expected to progress higher over the coming years due to the benefits it offers consumers. a number of transportation and courier service firms across the world are foray...

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Diamond uses Zuora® Central platform to launch digital media services

Digital media has tremendously grown its presence in recent years. Looking at its potential, several media companies have decided to come out with their own digital media subscription services. One such initiative was taken by a Japan’s le...

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Bitcoin Suisse invest US $3Mn in trade intelligence firm CoinRouts

Bitcoin is an open-source digital currency that operates by using peer-to-peer technology and does not require any approval from central authority or banks. Moreover, it offers some unique solutions that couldn’t previously be covered...

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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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Chicago, San Francisco, Atlanta secure the top 3 positions as metros with ‘Green’ certified buildings: CBRE

The largest metros of the United States are getting greener with each passing year – claims the fifth annual U.S. Green Building Adoption Index recently published by CBRE and Maastricht University. According to the researchers of the index, the...

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HP to explore the refurbished personal computers market in India

HP Inc. is reportedly looking to enter the refurbished market for personal computers in India, in an effort to offer more affordable products. The company had recently launched mini-desktops in India starting at Rs. 19990 for students and education i...

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Podimetrics secures $13.4m funding for diabetic foot ulcer device

Reports confirm that Podimetrics, based in Somerville, Massachusetts has recently secured $13.4 million in a series B round of funding, participated by Scientific Health Development, Rock Health, and Norwich Ventures, bringing its total raised to mor...

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CEVA acquires sensor processing tech firm Hillcrest Laboratories

The acquisition will strengthen CEVA’s smart technology profile that will include vision, sound and motion sensing along with developed processors to facilitate artificial intelligence. CEVA, a California-based licensor of signal processing...

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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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