About Author : Paroma Bhattacharya

Paroma Bhattacharya

Paroma currently works as a content developer for AlgosOnline. Fortified with a post-graduation degree in Journalism and Mass Communication, she delved head long into a writing career, creating resourceful and information enriched content in diverse fields. Apart from being a compulsive reader she also loves to cook, paint and travel



Contribution By Paroma Bhattacharya


PA Resources bags RM600 mn contract to supply materials to First Solar

Malaysia based PA Resources Berhad has been reported to have bagged a contract worth RM600 million to supply materials to two of the units of the US-based and Nasdaq enlisted First Solar Inc., namely, First Solar Malaysia Sdn Bhd. and First Solar Vie...

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Sinopec crude oil production exceeds 100-million-ton milestone

The Sinopec Northwest Oilfield has reportedly become China’s first crude oil producing marine carbonate reservoir that has reached a target of 100 million tons of crude oil production. For the record, the Northwest Oilfield is located in the Ta...

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Intermountain Healthcare sets up its first virtual hospital in Utah

Intermountain Healthcare, a nonprofit organization renowned for dealing with telemedicine for the past five years, has recently made it to the headlines for establishing Connect Care Pro, its first virtual hospital. Jim Sheets, The Vice President of...

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Cybersecurity magnate McAfee acquires VPN company TunnelBear

McAfee, one of the reputed cybersecurity giants, has recently acquired TunnelBear, a consumer VPN company for an undisclosed amount. The acquisition of TunnelBear will align McAfee’s vision of protecting customer information which includes sens...

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ObvioHealth raises $3 million to facilitate mobile clinical trials

ObvioHealth, one of the notable “site-less” clinical trial companies of Singapore, recently announced raising $3 million in a Series A funding round. Reportedly, the financing will help the firm in supporting its operational team and pres...

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Dialog signs MoU with Johor to invest in Pengerang Deepwater project

Dialog Group Berhad, one of the integrated technical service providers to oil & gas and petrochemical industries, signed a memorandum of understanding with Johor government to invest RM 2.5 billion in phase three of Pengerang Deepwater Terminals....

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Bill 13 to ensure energy retailers attend to billing complaints pronto

Under a new bill introduced in Alberta, Canada, electricity and gas retailers in the state will be liable to pay hefty fines if they fail to settle customer billing complaints. Bill 13 now gives the Alberta Utilities Commission the right to levy pena...

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Humana & PE firm consortium to buy Curo Health for $1.4 billion

A consortium consisting of the notable U.S. health insurer Humana along with PE firms Welsh, Carson, Anderson & Stowe and TPG Capital announced that they have reached an agreement to acquire Curo Health Services, a privately held hospice. Accordi...

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DHL deploys second Boeing 747-400F airfreight to meet Asian demand

DHL Global Forwarding, a reputed provider of air and ocean freight forwarding services, announced that it will be expanding its air freighter operation to meet the growing demand in the Asian as well as Trans-Pacific trades. As per the official stat...

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Canon on its way to acquire the Israeli video analysis firm BriefCam

Canon Inc. has reportedly announced that it has been planning to purchase the Israel-based video analysis company BriefCam Ltd. As per experts familiar with the matter, this acquisition falls among the latest trend of Japanese companies taking an inc...

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Fred’s sells specialty pharmacy to CVS, plans further divestures ahead

Fred’s Inc., one of the notable pharmacy chains of the United States, reportedly announced the closure of the sale of its specialty pharmacy to CVS Health for $40 million. The company, in its official statement, stated that there may be more su...

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Ant Financial plans to accelerate expansion, raises funds worth $14bn

Ant Financial, the financial associate of the Chinese e-commerce giant Alibaba, has reportedly completed a Series C funding round with a mammoth $14 billion, raised from both domestic and international investors. According to a statement released by...

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India benefits from China reforms, solar cell prices hit record low

The Chinese government has recently decided to withdraw state support from some of the power projects which will lead to an oversupply of equipment and a fall in solar module prices. Experts predict that India is likely to emerge as the biggest benef...

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CashShield raises $20 million in funding round led by Temasek and GGV

CashShield, an online fraud detection company, recently announced that it has raised $20 million in Series B funding. The startup, whose clients include Razer and Alibaba, secured funding from returning investor GGV Capital, Wavemaker Partners and Ta...

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Airtel partners with Netflix to offer a 3-month free subscription

Airtel, the largest telecom service provider in India, recently announced that it has partnered with Netflix, the video streaming giant, through which Airtel users can pay for their Netflix subscription as a part of their broadband and postpaid mobil...

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Tencent announces new restructuring strategy amid rising challenges

Chinese internet conglomerate, Tencent Holdings Ltd. has recently announced its first restructuring in six years, in response to tackling increased challenges faced from strict government regulations. As per sources, Tencent Holdings has witnessed a...

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BP and Aker BP sign cooperation agreement for technology advancement

Energy giant, BP, recently announced the signing of a ventures cooperation agreement with Norway based oil exploration and development company Aker BP to explore the scope of cooperation for the companies to develop and deploy advanced technologies i...

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EC to deepen investigation into ThyssenKrupp Tata Steel joint venture

The European Commission has reportedly launched a second phase into the investigation over the joint venture between ThyssenKrupp and Tata Steel due to the concern that such a joint venture could raise steel prices and hurt competition. It is being e...

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Webjet acquires Dubai’s DOTW to expand its hotel room business

Australia’s digital travel business, Webjet Ltd. has recently announced the acquisition of Dubai-based business travel wholesaler, Destinations of the World (DOTW) for USD 173 million (A$240 million). As per sources, the deal will be backed ...

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Payscape teams up with CardFlight, takes SwipeSimple to U.S. merchants

Payscape, a financial technology and payments innovator company based in the U.S. recently announced that it has formed a partnership with CardFlight, a leading mobile point of sale and SaaS payment technology company of the United States to take Swi...

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Britain’s major firms in talks to implant employees with microchips

Britain’s major legal and trade firms are seemingly planning to implant their employees with microchips, in a bid to boost business security and prevent access to restricted areas. Sources familiar the matter state that the microchips, impla...

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Mindtree partners with Bengaluru’s IISc to support AI research

Bengaluru-based IT service provider, Mindtree Ltd. has recently collaborated with the Indian Institute of Science (IISc), Bangalore to create an endowment focused on AI research, and facilitate teaching and research in data science and natural l...

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Russia bags $1.5-billion deal to sell air defense missiles to India

Following major deals to sell naval warships and S-400 system to India, Russia is all set to bag a $1.5-billion contract for air defense missiles. Sources close to the matter state that the Russian Igla-S system was confirmed as the lowest bidder for...

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Logitech terminates discussions regarding Plantronics’ acquisition

Logitech International, a webcam and keyboard maker, has reportedly terminated discussions regarding the purchase of Plantronics Incorporation, a gaming headset and Bluetooth earpiece manufacturer, as per statements releases by the two companies. ...

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Nasdaq acquires Quandl for use of alternative & core financial data

The stock exchange will work closely with Quandl to deliver new insights and investment ideas The American stock exchange, Nasdaq recently announced the acquisition of Toronto’s leading alternative and core financial data provider, Quandl, I...

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Target to pay $7.4 million to settle illegal waste dumping lawsuit

Target Corp., one of the leading largest departmental store chains in the U.S. has reportedly reached a settlement in which it will be paying $7.4 million for the improper dumping of hazardous waste ranging from batteries to syringes and drugs into l...

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Hughes-Yahsat JV to provide broadband connectivity to the underserved

Joint venture to provide the benefits of broadband to Middle East, Africa and Southeast Asia Hughes Network Systems, a subsidiary of EchoStar Corporation, An American satellite communication solutions provider and Yahsat or Al Yah Satellite Commun...

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3M to acquire M*Modal’s technology business for around $1 billion

The acquisition will enhance 3M’s Health Information Systems (HIS) business and revenue cycle management capabilities American multinational conglomerate, 3M has recently entered into a definitive agreement to acquire leading healthcare tech...

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Elementary Robotics bags $3.6M to expand in LA’s growing robotics hub

The investment will be used to build a manufacturing facility in Los Angeles and robots that augment the current human workforce Los Angeles-based robotics platform startup, Elementary Robotics has reportedly raised $3.6 million in seed fundi...

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Onward Technologies ties-up with SAP to distribute & resell ERP Suite

A leading player in IT Consulting and Mechanical Engineering Design, Onward Technologies has recently announced a strategic alliance with SAP SE which would allow it to sell as well as support the implementation of end to end ERP focused on SAP S/4HA...

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Daimler Trucks’ Freightliner unveils Cascadia with Level 2 autonomy

Recently at the Consumer Electronics Show in 2019, Freightliner, a Daimler Trucks subsidiary, unveiled its Class 8 Freightliner Cascadia which is being hailed for its innovative automated driving features. The company would be adding Level 2 autonomo...

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Private equity firms contemplate purchasing Nestle's skin health unit

Private equity firms Advent & Cinven have reportedly teamed up to bid in an auction that could value Nestle’s skin heath business at about 7 billion Swiss francs (which is approximately $7 billion). According to credible sources, private...

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Twitter launches an easier web interface complete with an emoji button

The Beta testing for the new Twitter features has not commenced yet.   The Twitter desktop version has been reduced from 3 columns into 2. Microblogging site Twitter has reportedly started to roll out a new interface for its web user...

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Swiggy takes over Bengaluru based AI focused startup Kint.io

The acquisition will augment Swiggy’s work in big data, AI and machine learning to obtain accurate consumer location detection and enable faster, more efficient deliveries. Online food order & delivery service, Swiggy has recen...

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Spotify acquires podcasting industry leaders Gimlet and Anchor

Spotify is poised to become the foremost platform for podcast creators as well as leading producer of podcasts with these acquisitions. Spotify Technology SA, the music streaming services company has been recently reported to have signed definitiv...

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Lime scooters threatened with removal from Auckland over safety issues

New Zealand’s transport authorities have reportedly issued an urgent warning against Lime scooters, over serious technical glitches. As per trusted sources, Auckland’s head of transport has warned the company that each one of its scooters...

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Singapore-based 90 Seconds secures USD 20 Million in Series B funding

In a recent turn of events, the world’s leading video creation platform 90 Seconds has reportedly bagged investments worth USD 20 Million in a Series B funding round from existing and new investors. The investors included Airtree Ventures, SIG,...

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Accenture endorses collaboration for circular supply chain capability

Using blockchain, Accenture plan to connect customers directly to producers and influence sustainability in global supply chains. The leading technology services company, Accenture, has reportedly inked a partnership agreement with Mastercard, Eve...

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Coin Metrics closes $1.9M seed funding round with Fidelity Investments

Fidelity Investments Inc., the US-based multinational financial services corporation, has reportedly participated in a $1.9 million seed funding round for Coin Metrics, a crypto asset market & network data vendor, in a major effort to round out i...

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Swiss-German venture looks to develop a blockchain trading platform

The budding DLT trading system is expected to rival the one currently being developed by the Swiss stock exchange Aiming to create a DLT (Distributed Ledger Technology) trading platform, an alliance of Swiss firms including Sygnum and Swisscom, ha...

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Mazda to enter the premium car segment with expensive next gen cars

Mazda, the Japanese multinational automaker recently revealed that it is planning to move further into the premium car territory in the future. Mazda is reportedly planning to compromise on the sale of cheaper models and is exploring the market to fi...

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NII sells Nextel Brazil’s operation to America Movil for $905 million

Latin American carrier America Movil has reportedly announced that it would acquire NII-owned Nextel Brazil for $905 million. Once the deal is closed, NII will receive approval to dissolve and wind up, stated sources. American Movil, a company bas...

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Tencent & JD.com to jointly invest $863 in e-fashion retailer Vipshop

Tencent, China’s $500 billion social media giant along with its e-commerce partner JD.com, has agreed to invest $863 million in the Chinese online fashion retailer Vipshop, a move that is speculated to be a part of Tencent’s ongoing effor...

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Cairn India Holdings to acquire more than 50% stake in AvanStrate

Cairn India Holdings Ltd, which is an arm of the mining and metal firm Vedanta Resources Plc., has reportedly acquired a 51% stake in the Japanese liquid crystal display glass substrate manufacturer company, AvanStrate, the majority shares of which c...

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DuPont Tate & Lyle expands bio-based propanediol production

DuPont Tate and Lyle Bio Products, LLC, has reportedly declared the expansion of its manufacturing unit in Loudon, Tennessee. Incidentally, the firm is a joint venture between DuPont and Tate & Lyle. This expansion in polymers & advanced mate...

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5 kidney stones management market trends defining the industry growth

The rising incidences of kidney stones and the increasing popularity of minimally invasive procedures will reportedly drive kidney stones management market trends over 2018-2024. According to estimates presented by the National Institute of Diabetes ...

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Pomelo all set to launch its debut micro-retail store in Singapore

Pomelo Fashion, the Thai fashion site will be expanding its online-to-offline business framework with the opening of its retail store in Southeast Asia. Sources revealed that Singapore is being elected as the destination for the first micro-retail st...

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5 soundproof curtains market trends to watch out for over 2018-2024

Rising noise levels and strict legislative steps to protect against the problems caused by noise pollution have reportedly resulted in the expansion of soundproof curtains market. Public institutes like movie theaters, schools, hospitals, etc., where...

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Rising incidences of GI disorders to drive endoscopy market over 2018-2024

The extensive prevalence of gastrointestinal disorders among the geriatric and pediatric population will reportedly drive endoscopy market trends. As per estimates, in the U.S. almost 3.5 million people visit the physician annually with irritable bow...

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UiPath and Ubiquity join forces to take RPA to the next level

UiPath & Ubiquity Technology have reportedly come together to offer Robotic Process Automation (RPA) services to customers through their latest partnership. Sources cite that Ubiquity will leverage UiPath’s expertise and experience in Robot...

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Hyundai & VW sign deals with Aurora to develop autonomous vehicles

The automotive industry is headed for a major shakeup, as conventional automobile manufacturers are rushing to sign deals with self-drive vehicle innovators to become the first to capture the driverless automobile industry. Automakers Volkswagen and ...

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Archtech Solar constructs 10MW solar power plant in Saudi Arabia

One of the world’s leading solar tracking and racking systems manufacturer and solutions provider, Archtech Solar has formally commenced the construction of a solar power plant in Khafji, Saudi Arabia. Post its successful entry in the African m...

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Noble Energy to expand its natural gas extraction ventures in Israel

Noble Energy, one of USA’s leading oil and gas exploration and production companies has been reported to be planning to expand its operations at Leviathan, Israel - the large natural gas site off the Israeli Mediterranean coast. For the record,...

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TNB acquires 80% stake of UK based renewable energy enterprises

Tenaga Wind Ventures UK Ltd, a wholly owned unit of Tenaga Nasional Bhd reportedly acquired 80% stake in two UK based renewable energy enterprises namely Bluemerang Capital Ltd and GVO Wind Ltd for £77.37 million. During an exchange filing, TNB...

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NH-ISAC to facilitate secure threat sharing in healthcare industry

The National Health Information Sharing and Analysis Center (NH-ISAC) has apparently chosen to enable seamless and secure threat sharing within the healthcare & medical devices industry. In the light of the current scenario plagued with massive c...

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ZTE container networking solution debuts in smart technology industry

ZTE, one of the major global telecommunication equipment providers, has made it to the headlines post unveiling its container network solution for open source network function virtualization (OSNFV). With this launch, ZTE hopes to further promote the...

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Silvaco-Silicon deal to markedly influence electronics industry trends

Silvaco, one of the leaders of IP and EDA providers has teamed up with Silicon Catalyst, the world’s only startup incubator dealing exclusively in silicon solutions. The deal aims to provide silicon proven IP which will play a critical role in ...

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Aramco’s Motiva plans petrochemicals expansion in the U.S.

Motiva Enterprises, a wholly owned subsidiary of Saudi Aramco, has reportedly signed a MoU with Honeywell UOP and TechnipFMC to explore petrochemical production technology in the U.S. Aramco’s CEO, Amin Nasser reportedly signed the MoU which is...

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Nintendo collaborates with Scrum, aims to find new tech for Switch

Nintendo Co., the video gaming industry giant has reportedly teamed up with Scrum Ventures, the US based early venture capital firm to search for startups who can innovate new technologies for the Switch, the hit Nintendo gaming console. Scrum will ...

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Mercedes-Benz develops new electric car, challenges Tesla Model S

Mercedes-Benz, the world leader in bestselling luxury cars, is preparing to challenge Tesla in the high end electric car segment with its battery powered sedan that will resemble the Mercedes-Benz S-Class. Reportedly, the battery powered full sized ...

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Specialty chemicals major AkzoNobel plans to upgrade Mahad facility

AkzoNobel, one of the most prominent contenders of the bulk & specialty chemicals industry, has scarcely announced an investment of £4 million (Rs 32 crore). As per authentic sources, AkzoNobel plans to pour in this capital for the expansio...

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Aramco-Halliburton to augment Saudi Arabia O&G industry growth

The oil and gas industry witnessed a landmark deal signed between Saudi Aramco and the multinational oilfield services company Halliburton for the development of unconventional resources. The three-year deal will engage Halliburton in improving the p...

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LG Chem brings Enbrel biosimilar Eucept to the Korea industry

LG Chem, the South Korean chemical behemoth recently announced the launching of Eucept in Korea. Incidentally, Eucept is a biosimilar version of Enbrel which is developed by Amgen and marketed by Pfizer. Enbrel is one of the most purchased drugs in t...

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