About Author : Sunil Hebbalkar

Sunil Hebbalkar

Sunil currently works as an content writer at AlgosOnline. A Post graduate mechanical design engineer by qualification, he worked as an intern at the defense lab for one year in the engine design and development department before switching his professional genre. Following his technical writing skills, he opted for a career in writing and now pens down articles pertaining to market research. His other areas of interest include bike riding, cycling, and sketching.



Contribution By Sunil Hebbalkar


Clinical collaboration between Novartis and Bristol-Myers Squibb to target the emergence of new cancer therapies

Novartis, a notable giant in the pharmaceutical market, has declared a strategic collaboration with the reputed American pharmaceutical firm, Bristol-Myers Squibb to carry out research activities on cancer treatment outcomes. To improve the effective...

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BMW plans to consolidate vehicle equipment to make heavy investments in its R&D operations

BMW, one of the oldest and most popular German automakers, has been undertaking crucial steps with a view to increase their research and development spending by 2019. The latest scoop points toward the direction of BMW venturing into the manufacturin...

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Shire obtains preliminary injunction against Roche over emicizumab

Renowned specialty biopharma giant Shire Plc, has been granted legal rights by the Hamburg court to injunct Swiss drug maker and arch rival Roche, regarding emicizumab, also called ACE910, the reputed hemophilia treatment drug. Headquartered in Dubli...

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Cargill has initiated a partnership extension with FareShare to advocate its commitment to sustainable nutrition

The acclaimed American food & nutrition company, Cargill, Inc., has decided to expand its partnership with FareShare, the UK-based food redistribution firm, with a view to help the latter address food wastage in an economical, environment-friendl...

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China’s Cosco Shipping to get hold of Orient Overseas International for a staggering USD 6.3 billion

The latest quantum leap witnessed by the competitive arena of the shipping industry is that of China’s Cosco Shipping taking over container carrier, Orient Overseas. According to experts, the acquisition is a part of China’s ambition to s...

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Indian government on the verge of blocking Shanghai Fosun’s 1.3 billion-dollar bid to takeover Gland Pharma

The Indian Cabinet Committee on Economic Affairs has decided to block the bid offered by Chinese conglomerate Fosun to acquire the Hyderabad-based Indian drug maker Gland Pharma Ltd., as cited by reliable reports. Fosun International Limited had offe...

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MSAR government inks a strategic agreement with Alibaba to develop Macau smart city

The Macau Special Administrative Region (MSAR) has decided to sign a strategic alliance with one of the largest retailers of the global e-commerce market - Alibaba. Post conducting extensive research, the Macau government has chosen Alibaba as their ...

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Anthem is on the verge of withdrawing from Nevada’s health exchange policy citing reasons of uncertainty regarding the Affordable Care Act

Anthem, Inc., the renowned American trusted insurance plan provider, has pulled down a shocker by announcing the withdrawal of its health insurance plan from Nevada. Back in 2010, President Barak Obama had signed the Patient Protection and Affordable...

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Adidas’ emphasis on athleisure apparel manufacturing proves disastrous for Nike product sales

One of the most acclaimed sneaker designer brands in North America, Nike, has reportedly suffered a catastrophic fall in its home country, possibly subject to design failures. Ironically, rival firm Adidas, the renowned German footwear brand, has def...

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Nissan to recall automobiles sold in last three years across Japan, firm may face monetary losses of close to USD 220 million

Japan’s second largest carmaker has been forecast to be majorly impacted by faulty inspections, after Mitsubishi. The faulty inspection has pushed Nissan to recall 1.2 million vehicles manufactured for domestic market due to security reasons. F...

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Taiwan’s trade commission slaps a 774-million-dollar fine on Qualcomm

Qualcomm has been facing a series of antitrust probes since the last few years, one of the latest ones sourced from the Taiwan Fair Trade Commission (TFTC). If reports are to be believed, TFTC has levied a fine of close to USD 774.14 million on Qualc...

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UK government’s clean energy growth plan to meet 2050 climate target

The British government has declared a clean energy strategy for investing millions in low carbon innovations and renewable technology to accomplish its 2050 emission goal. In order to tackle carbon emissions, the Department of Business, Energy, and I...

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Federal government declares largest O&G lease sale in the U.S.

The Interior Department of the Federal Administration has scarcely announced its decision of encouraging oil and gas development extensively across the nation. The department has proposed nearly 77 million acres in the Gulf of Mexico on sale for ener...

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Supreme Court orders Samsung to pay USD 120 million to Apple

After years of combing through strenuous legal battles, Apple has finally won the judiciary case against Samsung. On Monday, the U.S. Supreme Court declined Samsung’s appeals of lower court ruling and another long-term dispute related to patent...

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Fox-Disney deal may pose challenges to other media giants

The globally reputed Manhattan-based multinational mass media corporation, 21st Century Fox has been in talks with Walt Disney Co., to sell most of its media assets excluding Fox news and sports. It is unclear though, if Fox business would be involve...

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Geely purchases Terrafugia, plans to launch flying cars by 2019

Flying fleets apparently may very well commence on the open roads by 2019, as it is reported that Volvo’s parent company, Geely Auto, has finalized the acquisition of Terrafugia, a next-generation startup company. With the support of the Zhejia...

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Mineral Resources places the highest bid worth $484mn to acquire AWE

The Australian mining company, Mineral Resources has placed a bid of USD 484 million on the AWE gas company. Apparently, this is the third takeover bid placed in the last two months by major firms to acquire the Australian gas exploration and product...

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Sanofi’s first short-acting insulin, Admelog receives FDA approval

The U.S. FDA has approved first short-acting insulin, Admelog to control increasing risk associated with diabetes. After several clinical trials on Admelog from September 2017, FDA has now granted the final approval to this diabetes treatment drug, w...

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Office for Nuclear Regulation sanctions new nuclear reactor design

The Office for Nuclear Regulation has taken a major step toward building a nuclear power station in Wales by approving Hitachi’s reactor design for Horizon Nuclear Power’s plant at Wylfa. For the record, the design of advanced boiling wat...

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U.S. halts Alibaba affiliate Ant Financial’s bid to acquire MoneyGram

U.S. officials have apparently rejected a USD 1.2 bn deal of Chinese electronic payment company, Ant Financial to acquire the U.S. based money transfer company MoneyGram. This would have been one of the major business tie-ups between two economic pow...

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Telstra advances its IoT portfolio with the launch of Narrowband

Australian telecommunication and media company, Telstra has developed a new IoT assisted technology, titled Narrowband, which is likely to help a large number of devices share data with less power. In fact, it has developed this technology mainly for...

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Ocado partners with Sobeys, penetrates Canada online grocery market

With the success of its debut international deal with Sobeys, the Canadian retailer, Ocado, the UK based online supermarket giant has established its first venture in North America. Ocado cleared that through this strategic partnership, it plans to b...

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Irish payroll software company Payslip receives capital worth €1m

One of the most prominent financial technology companies, Payslip, based in County Mayo, Ireland, has received a funding of €1 million from several notable investors. This startup company supplies software solution for various business companies...

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Mayne Pharma Group launches a generic alternative to Monodox in U.S.

Mayne Pharma Group, the Australia-headquartered drug delivery conglomerate, has recently announced the launch of doxycycline monohydrate IR capsules in the United States. Reportedly, the scarcely launched drug is a generic alternative for Monodox®...

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VW plans to purchase back diesel vehicles affected by Germany ban

The renowned automaker, Volkswagen is planning to buy back new diesel cars – or almost new diesel cars affected by the recent decision of German court to ban diesel car to curb pollution. Reports cite that most of the cities in Germany have cro...

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NHS England bans prescription for certain over-counter medications

The NHS England Board has decided to restrict the prescription for over-the-counter medicines that are generally advised for short-term health conditions. As per the new guidelines, products such as eye drops, cough mixtures, sun creams, and laxative...

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JetBlue-backed Zunum planning to bet big on hybrid-to-electric planes

The United States based JetBlue Airways is reportedly lending support to a private hybrid plane manufacturing start-up called Zunum. As per reliable sources, Zunum is looking forward to launching fully electric planes by the end of 2022. Authentic r...

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Affimed signs $96M deal with Genentech to develop new cancer drug

Affimed N.V., has reportedly secured a $96 million investment and an opportunity to collaborate with the research team at Genentech. The collaboration is speculated to help Affimed develop an NK and T cell immunotherapies targeted towards multiple ki...

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IIVS, Givaudan & BASF join forces for legalizing a non-animal test

BASF and Givaudan are reportedly collaborating with IIVS (Institute for In Vitro Sciences), one of acclaimed leaders in in-vitro toxicology. This collaboration is intended to validate an amended technique of skin sensitization reactivity to aid autho...

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Australia faces strawberry safety scare, Woolworths halts needle sales

Woolworths Supermarkets, an Australian supermarket chain owned by Woolworths Limited, has reportedly halted the sales of sewing needles in its stores temporarily to ensure customer safety, amidst mounting incidences of hidden needles in strawberries ...

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Merck, Accenture & Amazon AWS join forces to develop cloud platform

Accenture PLC, a global management consulting and professional services firm, pharma giant Merck, and Amazon Web Services have reportedly joined forces to create a cloud-based informatics research platform. As per authentic sources, built on Amazon ...

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Boeing expands the usage of Siemens Mentor Graphics software

German automation company, Siemens AG, has recently announced a new extended agreement with aircraft manufacturing giant, Boeing, to expand use of Siemens’ Mentor Graphics software. As per sources, the extended agreement would be in line with B...

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Wind River, BT to develop Edge Cloud Computing 5G applications

Wind River Systems, Inc., California’s leading software development firm has recently collaborated with British telecommunications conglomerate, BT Group on a research program for developing edge cloud compute applications, expec...

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Singapore Airlines restarts direct service between NY & Singapore

Singapore Airlines, a leading air carrier company, would reportedly become the provider of the world's longest air travel service by miles flown, once it relaunches its direct flight service between Singapore & New York. According to the sou...

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Tesla opens new 50-stall charging station in Kowloon bay, Hong Kong

Renowned U.S. automaker Tesla Inc. has recently installed a 50-stall charging station in Kowloon bay, Hong Kong, a move that comes in response to the automaker’s bid to expand its customer reach in the city. Indeed, reports claim that the initi...

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Grab to launch its new on-demand delivery service pilot in Singapore

Singapore’s tech company, Grab has recently made plans to launch a beta pilot of GrabExpress, an on-demand door-to-door courier and delivery service, to serve the growing demand for a fast parcel delivery service in Singapore. A...

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WPP to sell major stake from its market research business Kantar Group

British advertising and public relations firm, WPP plc, has reportedly announced plans to sell stakes from its market-research division, Kantar Group, as the world's biggest advertising group experiences a sharp drop off in sales in its third qua...

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Coupang secures investment worth $2 bn from SoftBank’s Vision Fund

South Korea’s e-commerce major, Coupang has reportedly raised $2 billion through the SoftBank Vision Fund, which is alleged to be firm’s largest investment since Saudi journalist Khashoggi’s murder. The investment also comes weeks a...

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Enel announces plans to invest in 11.6GW of renewable energy capacity

Enel, a manufacturer and distributor of gas & electricity, has reportedly publicized its plans to invest €10.6 billion in the coming three years in the production of 11.6 GW of renewable energy, comprising 6.1 GW of wind energy and about 7 G...

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Fertilizer giant Nutrien to sell its stake in SQM to China’s Tianqi

Nutrien, a Canada-based fertilizer behemoth, would reportedly auction its 23.77 percent share in SQM on December 3, as a last step towards concluding the sale of the coveted stake in the second largest lithium producer in the world to Tianqi Lithium ...

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Morocco’s flag carrier Royal Air Maroc to join Oneworld airline group

The Moroccan national carrier Royal Air Maroc has reportedly joined the Oneworld global airline alliance. As per trusted sources, the new addition comes in the backdrop of the expansion of other African carriers including Kenya Airways and Ethiopian ...

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MaxiTRANS to acquire bottom trailers maker Trout River Australia

MaxiTRANS has reportedly made it to the headlines for signing an agreement to acquire Trout River Australia, a producer and supplier of live bottom trailers in Australia. Dean Jenkins, Managing Director and CEO of MaxiTRANS, stated that the acquisiti...

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Lupin obtains USFDA EIR for unit 3 of the Pithampur facility

Lupin Limited, a transnational pharmaceutical company based in Mumbai, has reportedly received an Establishment Inspection Report (EIR) from the U.S. regulator for the unit 3 of the facility in Madhya Pradesh. As per sources familiar with the know...

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John Magufuli announces Tanzania’s $3 Billion power plant deal

Tanzania will reportedly sign a deal to approve the construction of a hydroelectric power plant worth $3 billion, said President John Magufuli. However, he didn’t mention the company that will be awarded the contract to build the dam and the hy...

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Coinone launches Ripple’s blockchain remittance service in South Korea

Coinone’s business subunit Coinone Transfer has reportedly launched Cross, the very first blockchain-based remittance application and web service of South Korea, powered by enterprise blockchain technology solutions fabricated by Ripple. If ...

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Emerson expands its portfolio of valves with A.E. Valves acquisition

Emerson has taken over the Verviers headquartered Advanced Engineering (A.E.) Valves, a leading manufacturer of innovative valve technology. Through this acquisition, Emerson expects to serve its consumers with a wide range of valves for enhancing pr...

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Vymo partners with Microsoft to increase its global footprint

Satya Nadella, CEO, Microsoft, has also noted the work done by sales CRM software. An intelligent personal assistant app Vymo has reportedly announced that it has collaborated with Microsoft to expand the global presence of its personal assistant ...

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Milkbasket raises USD 2.16 million from series B funding round

The raised funds will be used to invest in geographical expansion, technological advancements and hiring. Milkbasket, a daily micro-delivery service start up based in Gurugram has reportedly raised $2.16 million debt from Innoven Capital. With thi...

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CLEARink and FLEx Lighting tie up on next generation ePaper displays

The model is to be built based on FLEx’s ultra- thin front lighting displays and CLEARink’s ePaper 2.0. The US based reflective displays startup, CLEARink Displays has reportedly collaborated with Chicago headquartered film lighting e...

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NiYO raises USD 35 million in funding round led by Horizon and Tencent

Neo-banking startup NiYO Solutions has reportedly raised an amount of USD 35 million in a Series B funding round. As per sources familiar with the knowledge of the matter, this investment round was led by Tencent and Horizons Ventures, in addition to...

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Cenovus attains milestone of producing 1BN barrels of oil sands

Cenovus Energy Inc. has reportedly reached a cumulative production volume of one billion barrels from its Christina Lake and Foster Creek oil sands facilities located in Northern Alberta. If reports are to be believed, Cenovus is the first company...

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Syndigo buys European product content management company WiseBase

The acquisition aims at expanding Syndigo’s presence in Europe Chicago – headquartered, Syndigo – a verified product content syndication service provide has reportedly announced to have acquired European product content and tech...

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Fintech startup Finix Payments raises $18 million in series A funding

The funding round was led by Bain Capital Ventures, Insight Partners and Visa among others. The 30-person startup helps companies by managing and monetizing payments. Finix Payments, Inc., (Finix), a 3 year old San Francisco-based 30-people...

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QSR Automations extends collaboration with Google on DineTime app

Diners can now view restaurant wait times and make bookings to get on their waitlists. This unique functionality would enable customers to get on waitlists directly through Google Maps or Google Search. QSR Automations (QSR), a leading Loui...

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Microsoft to pay a fine to settle anti-bribery charges imposed by U.S.

Microsoft had violated U.S. federal Foreign Corrupt Practices Act by bribing government officials in several countries. A total amount of $25.3 million would be paid by Microsoft to settle criminal charges. Microsoft Corporation, (Microsoft...

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Alibaba open for small businesses in U.S. to sell on its platform

Approximately 95% of sellers on Alibaba.com are from China with one-third of online buyers coming from the U.S.   U.S. merchants would need to pay a $2000 membership fee to get their products on Alibaba.com Alibaba Group Holdings Ltd...

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Aucta partners with Fosun Pharma to market the FDA-approved Vigabatrin

Aucta Pharmaceuticals joins hand with Fosun Pharmaceutical for licensing the marketing rights for FDA approved Vigabatrin for Oral Solution. Aucta Pharmaceuticals, a company that specializes in the development and commercialization of Specialty pr...

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NOSH secures US$1.7 million from a Pre-Series A investment round

NOSH would also rebrand its app and corporate business to Spoonful. Spoonful would continue to create delivery only food brands across Southeast Asia, and partner with Foodpanda and foray into Singapore by September 2019.   NOSH, ...

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Accenture to expedite Brandix’s journey to get operations future-ready

Accenture will assist Brandix in building innovative solutions that completely focus on productivity improvement and process excellence among other aspects. Brandix would transform its supply chain, manufacturing, human resources, and finance op...

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AI & Cybersecurity experts can now tie up via AI Security Alliance

The organization declares its Board Members and opens working groups and membership for cybersecurity and Artificial Intelligence experts.   The alliance is expected to commence with 6 working groups on immediate topics of interest. ...

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OSF Ventures participates in $35M funding round for Exo Imaging

OSF Ventures, part of the renowned OSF HealthCare family, has recently joined a funding round worth $35M for Redwood-based start-up Exo Imaging to help it attain FDA approval. The funding is also targeted toward developing Exo’s revolutionary h...

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WeTransfer bags €35 million in HPE Growth led secondary funding round

HPE’s Jonne de Leeuw will replace WeTransfer co-founder Nalden, joining Irena Goldenberg, Tony Zappalà (Highland Europe) and Bas Beerens (founder WeTransfer). WeTransfer, a platform best known for its cloud-based file-sharing service,...

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Ban on sale of plastic water bottles at San Francisco Airport

San Francisco International Airport is reportedly banning the sale of all single-use plastic water bottles Tuesday onwards. As per trusted officials, this ban is a part of the persistent efforts to become the world’s first airport with zero-...

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Mattel introduces Hot Wheels Infinite Loop to mobile devices

The game has been made available on the App store for iPhone and iPad enabling the fans for interaction with the brand in a trendy way. California based Mattel Incorporation recently announced the unveiling of the Hot Wheels Infinite Loop, an...

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BMW i Ventures and AI Gore jointly invest USD 55 million in Proterra to promote sustainable transport

Proterra, the America based giant, renowned for manufacturing heavy-duty composite-bodied electric buses, has received funds of USD  55 million in a Series 6 funding rounds, cumulatively from BMW i Ventures and AI Gore’s Generation Investm...

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Alibaba’s purported voice assistant to capture Amazon Echo’s footprints across China

Alibaba is likely to launch its own voice assistant, thereby strengthening its already fierce competition with Amazon, the universally acclaimed retail behemoth. Amazon’s Alexa, the prestigious voice assistant, encompasses Echo-branded speakers...

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AstraZeneca to expand its production plant in Sydney, pharma giant aims to boost exports over the next half a decade

AstraZeneca, the reputed Anglo-Swedish pharma company, has recently announced an investment of USD 100 million for expanding its facility in Sydney, with a view to combat the rising demand for a particular asthma medication from China. As per estimat...

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General Motors ties up with Uber for the pilot testing of Maven, its car-sharing operation in Australia

General Motors, one of the top automotive giants across the globe, has recently announced the testing schedule of its car-sharing operation, Maven, in Australia. Maven’s testing, as reported by authorities, is slated to commence with Uber, one ...

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Sanofi strikes a billion-dollar deal with Ablynx to develop nanobodies for immune-mediated inflammatory disorders

Reputed Belgium-based biotechnology giant Ablynx has entered into a strategic partnership with French pharma group Sanofi to develop nanobody based drugs that are principally manufactured to diagnose immune-mediated inflammatory disorders. This partn...

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Refresco announces the acquisition of Cott Corporation’s beverage business for USD 1.25 billion

Cott Beverages, which is one of the world’s largest producers of beverages, has apparently sold its soft drink business to Netherlands-based drinks bottler Refresco, for a staggering USD 1.25 billion. This deal is likely to catapult Refresco to...

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Volkswagen plans to start its own MQB platform post the termination of partnership plans with Tata motors

India seems to have emerged as the latest destination for industry giants to set their eyes on, with respect to geographical expansion plans. In accordance with the same, eminent German automaker Volkswagen has decided to launch its MQB (Modular Tran...

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Volkswagen announces the revival of its iconic microbus that is seemingly all-electric

At the recently held Detroit Auto Show, the German automaker Volkswagen revealed its concept car named as I.D. Buzz. VW had gone into explicit lengths to justify the name of the car – apparently, Buzz stands for Bus and ID stands for Intelligen...

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Anatara Lifesciences Ltd. announces commercial agreement with Zoetis for the development of Detach®

Anatara Lifesciences Ltd. Has recently announced a partnership with global animal health company Zoetis to commercialize the development, distribution, and marketing of Detach®. This strategic collaboration between Anatara and Zoetis is likely to...

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HAS approves improved vaccine Gardasil 9 for cervical cancer

The High Authority of Health (HAS) has approved a rather effective and improved vaccine against the infection with human papillomavirus (HPV) in the France market, called Gardasil 9. The vaccine may, in all probability, help prevent the onset of HPV,...

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GSK wins approval from the U.S. FDA for shingles vaccine

GlaxoSmithKline (GSK) PLC, the British pharma giant, has apparently received the awaited green signal from the U.S. Food and Drug Administration for its new and enhanced shingles vaccine. As per reports, the Brentford-based joint venture is also hopi...

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Uber launches a reward-assisted credit card for its customers

Uber has scarcely announced one of its most lucrative partnerships ever – the ride-hailing company has collaborated with Visa and Barclays to introduce a new credit card for its customers at the Money2020 conference. Reportedly, this strategy h...

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Appleby’s data breach brings Glencore’s Congo investment to the fore

The world’s renowned commodities trader, Glencore Plc is likely to undergo an inspection for its business expansion in the Democratic Republic of Congo, on the grounds of confidential information leakage, cite reports. Apparently, Glencore is o...

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Cisco pioneers AI-powered voice assistant for meetings

The California based tech conglomerate, Cisco, has reportedly launched the world’s first enterprise-ready AI-powered voice assistant for meetings – the Cisco Spark™ Assistant. The inaugural product, say experts, comes in the face of...

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Qualcomm inks multi-billion-dollar deal with Chinese handset makers

Renowned U.S. based chip maker Qualcomm has reportedly signed an agreement worth around USD 12 billion with three prominent Chinese smartphone makers, namely Oppo, Vivo, and Xiaomi. Under this agreement, Qualcomm has agreed to supply its products to ...

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AWE’s shares rise as CERCG announces higher takeover bid of $463 mn

The China Energy Reserve and Chemical Group (CERCG) has apparently placed a second higher bid for AWE, traversing further than its initial offer. The revised bid of USD 463 million is pitched with a 2¢ hike on its previous offer and represents a...

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Didi Chuxing receives $4 bn funding to promote business innovations

The leading Chinese ride-sharing company and a major provider of transportation services across China, Didi Chuxing has apparently received a huge chunk of funding from its investors. For the record, the firm has raised more than USD 4 billion from n...

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Datong plans to invest 2.3bn yuan in Tainan to build solar power plant

One of the leading green energy companies based in China, Datong has decided to invest 2.3 billion Yuan to construct new solar power plant across seven fishery zones in the Tainan region after the capital rise in the shares. Statistically, the solar ...

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East Ventures participates in Warung Pintar’s $4mn funding round

The Indonesian retail technology company, Warung Pintar, has reportedly been on the receiving end of quite some capital this week. Reliable sources claim that several companies, including Digital Garage, Insignia Ventures Partner, Triputra Group, SMD...

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VW’s latest emission charge to hamper its stance in automotive market

The German automaker Volkswagen has been facing another hurdle in the automotive and transportation industry. Reportedly, The Australian Automobile Association (AAA) accused this leading automaker of not essentially fixing its Dieselgate cars. The AA...

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InterChem’s GBP 1mn fund may help to spike new polymer production

One of the global leaders in the petrochemical industry, InterChem has invested USD 1.4 million in Recycling Technologies, a fairly strong player in UK polymers and advanced materials industry. Incidentally, Recycling Technologies converts plastic sc...

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MIRA retains a dominant share of 90% in Mexican solar power portfolio

One of the subsidiaries of the Australian banking behemoth Macquarie Group, Macquarie Infrastructure and Real Assets (MIRA), has reportedly obtained a stake of 90% in a Mexican solar power portfolio. Endowed with a capacity of 322 megawatts (MW), the...

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Edgewell Personal Care to acquire Harry’s Inc. for $1.37 billion

The founders of Harry’s Jeff Raider and Andy Katz-Mayfield will reportedly join Edgewell’s executive team as co-presidents of the U.S. operations of the company. The American consumer product company Edgewell Personal Care has re...

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Oakley Capital to acquire majority stakes in German gift card firm

OCI to buy majority stakes in German gift card company Seven Miles. This transaction demonstrates Oakley’s prowess in sourcing opportunities and providing significant expertise to its portfolio companies. Oakley Capital Investments Lt...

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Magna signs crucial contract with BMW to manufacture Series 5 plug-in hybrid vehicles

Magna is on its way to become an important part of the world’s emission free transportation strategy by means of its strategic collaboration with BMW. As per reports, the regulatory bodies worldwide have been pressurizing automakers to come up ...

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AstraZeneca to attain approximately GBP 450 million via selling the commercial rights of two major drugs to key pharma firms

AstraZeneca Plc, a world-renowned Anglo-Swedish multinational pharmaceutical firm headquartered in Cambridge, has announced the sale of two vital drugs to reputed pharma companies. The company already encompasses a wide range of products pertaining t...

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FDA’s Advisory Board to confer on the safety parameter of Novartis’s gene therapy drug for leukemia

Novartis AG is on the verge to become the first firm to get approval from the U.S. government for a gene therapy drug. It has been reported that during one of the ensuing days, the oncology drug advisory committee of FDA will review this gene therapy...

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Siemens Gamesa forge a deal with Equis Energy to supply 20 gearless SWT 3.6-130 wind turbines across Indonesia

Renowned German based power generation company Siemens and Spanish firm Gamesa intend to expand their footprints in Indonesia, through a deal with Equis Energy that is currently working on the ‘Tolo 1’ wind farm project. Through this join...

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Sears ends long-term partnership with Whirlpool

In what may seem as an astonishing announcement of sorts, struggling retail firm, Sears Holdings has categorically declared that it would no longer sell the products of Whirlpool such as KitchenAid, Jenn-Air, and Maytag. Currently, Sears plans to sel...

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Consol Energy Board gives the green signal for company separation

The Board of Directors of Consol Energy Inc., have apparently sanctioned a plan to the divide company into two openly traded entities - one that would deal with oil & gas extraction, and another that would deal with coal mining. Reports claim tha...

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China-US sign LNG agreement to develop the natural gas sector

The United States and China have apparently agreed to work alongside to develop the natural gas sector across the former. If reports are to be believed, this deal comes along the heels of the U.S. President Donald Trump’s visit to China, in the...

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Shell inks deal to further develop the QCLNG project in Queensland

Shell has reportedly signed a multi-billion-dollar deal with Arrow Energy targeted toward a long-awaited gas development. Apparently, the 27-year long deal has been signed to minimize the gas shortfall to Shell’s Queensland Curtis Liquefied Nat...

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Alberta plans to invest $1.4bn to boost innovations in energy sector

The government of Alberta, in Canada, has apparently taken a significant step to curb greenhouse gas emissions from several industrial sectors. In fact, the government has decided to provide financial support to numerous industry verticals – pr...

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UnitedHealth’s Optum unit to take over the physician group from DaVita

UnitedHealth Group, one of the most prominent healthcare behemoths, has made it to the front-page for having acquired a large physician group. The acquisition apparently comes immediately on the heels of the merger between Aetna and CVS health. With ...

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Oracle to acquire Australian software company, Aconex for $1.19bn

Oracle has signed an agreement to buy out one of the leading Australian companies in web-based project management software, Aconex Ltd for USD 1.19 billion in cash. In fact, Oracle has agreed to pay USD 5.97 per share in cash, which was about 45% hik...

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Google plans to finance Indonesian ride-hailing company Go-Jek

In a bid to be a part of Indonesia’s growing digital economy, tech giant Google has announced that it plans to invest a substantial amount in the country’s primary ride-hailing company, Go-Jek. So far, state reports, Google has not disclo...

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Nanoparticle-based drug may soon be launched in healthcare industry

Acclaimed scientists from the Russian ITMO University may soon revolutionize healthcare and medical devices industry with their latest discovery. As per reliable sources, they have discovered that magnetically-driven nanoparticles containing thrombin...

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Sensor City receives grant to explore 5G in healthcare industry

A Liverpool based research innovation center, called Sensor City, has received a grant of £3.5 million for exploring 5G opportunities in the healthcare and medical devices industry. This technology hub apparently supports and provides funding f...

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Siemens-Hackrod deal to transform automotive industry outlook

Plano headquartered Siemens PLM Software has scarcely collaborated with Hackrod Inc., for developing an innovative digital platform for customer-oriented engineering design and production. This revolutionary approach is targeted toward enabling the c...

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GM & Honda team up to deliver breakthrough battery for upcoming EVs

Globally renowned automotive giants GM and Honda have reportedly formed a joint venture to develop high-performance batteries. Sources claim that through this deal, they will focus on the development of chemistry battery components comprising module ...

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Volkswagen & Ford tie up to jointly manufacture commercial vehicles

Volkswagen and Ford Motor have reportedly taken a promising step to launch a joint commercial vehicle development project. With this strategic collaboration, both the behemoths are looking to forward to compete in the automotive market that is demand...

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Stratasys commences shipments of cost-effective industrial 3D printer

Additive manufacturing magnate Stratasys has reportedly announced that it has started shipping its supposedly low-cost Fortus 380mc CFE (Carbon Fiber Edition) for USD 70,000. As per sources, the new product is an AMS (addictive manufacturing system) ...

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Auto brand Mercedes explores possible tie-up with Sahara Force India

Formula One World champion Mercedes is reportedly seeking to form a collaboration with Formula One team Sahara Force India. The decision has come on the heels of Ferrari’s collaborations with Haas, claims Toto Wolff, owner and executive directo...

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