Ensign kicks off a C$947 million bid to take over Trinidad Drilling
Published: 13 hours ago   Author: Saif Ali Bepari

Ensign Energy Services Inc. is reportedly offering its Calgary-based cross-town neighbor and competitor Trinidad Drilling Ltd. an amount of $1.68 per share. The company aims to commence a hostile C$470-million bid to t...

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Contraceptives Market Growth, Business Analysis & Industry Report 2024
Date: 2018-08-08   Author: Rahul Sankrityayan

Contraceptives Market was valued at USD 21.1 billion in 2016 and is projected to witness 6.8% CAGR growth from 2017 to 2024. Contraceptive market will witness ...

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Cancer Biological Therapy Market Analysis, Trends & Growth Forecast 2024
Date: 2018-08-08   Author: Rahul Sankrityayan

Cancer Biological Therapy Market size is anticipated to experience significant growth of 6% from 2016 to 2023. Rising prevalence of cancer patients around the globa...

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Fuel Cell Electric Vehicle Market set for massive growth from 2017 to 2024
Date: 2018-08-13   Author: Ronak Bora

Global fuel cell electric vehicle Market is predicted to cross 300 thousand units over the projected time span. Increasing R&...

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Paperboard Packaging Market will reach $240bn by 2024
Date: 2018-08-10   Author: Rahul Varpe

Speaking of the growing focus on sustainability and convenience, paperboard packaging market players are developing flexible options designed to meet the consumer needs, particularly in the cosmetics, food & bevera...

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Breast Pump Market Statistics, Industry Insights, Growth Analysis Report by 2024
Date: 2018-08-08   Author: Rahul Sankrityayan

Breast Pump Market was valued at USD 849.2 million in 2015 and is projected to witness 7.7% CAGR growth from 2018 to 2024. Breast pump market will witness a remarka...

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Biopsy Devices Market Analysis, Growth Trends & Future Insights by 2024
Date: 2018-08-08   Author: Rahul Sankrityayan

Biopsy Devices Market was valued at USD 1.75 billion in 2015 and is expected to witness 6.5% CAGR growth from 2018 to 2024. Biopsy devices market will witness ...

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Consumer Electronics Market Forecast By Top Key Players and Growth Through 2024
Date: 2018-08-10   Author: Ronak Bora

Consumer Electronics Market is expected to exceed USD 1,500 billion by 2024. Rising popularity of OLED and 4K televisions followed by the declining prices of these devices across various regions is expected to drive th...

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Computer Engineering Market By Product Functionality, Application and Region-Forecast by 2024
Date: 2018-08-10   Author: Ronak Bora

In the computer engineering market, server computers are anticipated to exhibit high growth and adoption over the forecast timeframe. Rise in demand for cloud storage and online services has given a rise to the number data centers globally. In 201...

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Cochlear Implant Systems Market: Industry Trends & Business Opportunities by 2024
Date: 2018-08-08   Author: Rahul Sankrityayan

Cochlear Implant Systems Market was valued at over USD 1.4 billion in 2016, growing at 8.5% CAGR and it is forecasted to witness significant growth from 2017 to 2024. ...

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AWP Rental Market valuation to surpass 21 billion euro mark by 2024
Date: 2018-08-10   Author: Rahul Varpe

United Rentals, Inc’s recent acquisition of Neff Corporation has sent out waves of anticipation across the rapidly expanding AWP rental market. The latest deal is reported to have been concluded at a striking USD 1.3 bi...

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Clinical Trial Management Systems (CTMS) Market 2018 Trends & Key Players are
Date: 2018-08-08   Author: Rahul Sankrityayan

Clinical Trial Management Systems (CTMS) Market size is projected to experience significant growth of 13% CAGR from 2017 to 2024. Global drift of clinical trial out...

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Flexible Packaging Market worth $250bn by 2024 says new report
Date: 2018-08-10   Author: Rahul Varpe

Food and beverage is one of the most prominent sector partaking in the flexible packaging market. It accounted for more than 50% of the total volume in 2015 and is projected to exhibit a substantial growth in the years to come. Upgraded living sta...

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Geofencing Market set for massive growth from 2017 to 2024
Date: 2018-08-10   Author: Ronak Bora

The Geofencing Market is set to grow from its current market value of more than $200 million to over $1.7 billion by 2024; according to a new research report by Global Market Insights, Inc. ...

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Industrial Safety Footwear Market $7.8bn by 2024 report
Date: 2018-08-10   Author: Rahul Varpe

Europe industrial safety footwear market is projected to observe a striking growth over the years to come, driven by strict regulations pertaining to worker safety coupled with the thriving chemical & construction se...

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Global Vaccines Market Growth, Current Scenario & Future Analysis by 2024
Date: 2018-08-08   Author: Rahul Sankrityayan

Global Vaccines Market size is anticipated to witness growth over 9% CAGR  during the forecast period from 2017 to 2024. Rising incidences of infectious and no...

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Apheresis Equipment Devices Market Trends, Industry Analysis & Future Scope by 2024
Date: 2018-08-08   Author: Rahul Sankrityayan

Apheresis Equipment Devices Market size is anticipated to witness significant growth of around 11.4% CAGR from 2016 to 2024. Wide application of apheresis procedure...

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Ambulatory Surgical Centers Market Trends, Share, Forecast Report by 2024
Date: 2018-08-06   Author: Rahul Sankrityayan

Ambulatory Surgical Centers Market was valued over USD 65 billion in 2017, growing at 5% CAGR. The mar...

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Prudential & Babylon team up to provide AI-powered healthcare in Asia
Date: 2018-08-04   Author: Saif Ali Bepari

Prudential Corporation Asia, a subsidiary of Prudential plc, has announced to have inked a strategic partnership with Babylon Health to offer accessible & affordable healthcare across the Asian continent through di...

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CATL builds factory for supplying batteries to German automakers
Date: 2018-07-11   Author: Ojaswita Kutepatil

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

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Wind Tre hands over a $700mn equipment supply contract to Ericsson
Date: 2018-07-05   Author: Pankaj Singh

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 in...

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LabCorp & Philips to tie up for advancing the use of digital pathology
Date: 2018-07-03   Author: Pankaj Singh

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 Phil...

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Bird raises $300M amid intense competition in the scooter industry
Date: 2018-07-01   Author: Pankaj Singh

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...

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LG Chem brings Enbrel biosimilar Eucept to the Korea industry
Date: 2018-06-30   Author: Paroma Bhattacharya

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 ...

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County Line to acquire all assets of hydroponics system, Grow Box 5000
Date: 2018-06-28   Author: Ojaswita Kutepatil

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

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Merck plans to use blockchain to eliminate counterfeit medicines
Date: 2018-06-27   Author: Pankaj Singh

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 re...

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IPL inks interim gas supply deals to secure Gibson plant operations
Date: 2018-06-27   Author: Satarupa De

Australian fertilizer firm Incitec Pivot Limited, has recently made its way to the front page by signing multiple contracts that would ensure interim gas supply for its fertilizer plant located in Brisbane till the end...

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GE in talks to spin off industrial engines business for $3bn to Advent
Date: 2018-06-25   Author: Ojaswita Kutepatil

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

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Porsche advances shift into battery vehicles, buys 10% stake in Rimac
Date: 2018-06-22   Author: Dhananjay Punekar

Porsche AG, a German automobile manufacturer specializing in high-performance sports vehicles, sedans, and SUVs, has claimed a 10% stake in Rimac Automobili, an electric super sports car & electric vehicle componen...

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Volkswagen & Ford tie up to jointly manufacture commercial vehicles
Date: 2018-06-21   Author: Sunil Hebbalkar

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 ...

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Magna & BAIC subsidiary to manufacture electric cars in China
Date: 2018-06-20   Author: Dhananjay Punekar

Magna International Inc., an automotive supplier based in Canada, is planning to develop electric vehicles in China in collaboration with Beijing Electric Vehicle Company Limited, a division of BAIC Group. Reportedly, ...

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Ring announces the launch of smart home security system Ring Alarm
Date: 2018-06-16   Author: Ojaswita Kutepatil

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

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Oil & gas major Eni ties up with GE to build a 50-MW wind farm
Date: 2018-06-15   Author: Saif Ali Bepari

Eni SpA, regarded as the leader across Italy oil and gas industry, has apparently revealed in a recent announcement that it would join hands with the United States based multinational conglomerate, General Electric, to...

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Green Bay Packaging invests $580M, expands Brown County operations
Date: 2018-06-14   Author: Saif Ali Bepari

Green Bay Packaging Inc., the leading pulp and paper manufacturer headquartered in Wisconsin, has apparently revealed in a recent announcement that it aims to construct a new paper mill adjacent to its existing facilit...

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Automotive major Ford to test self-driving delivery van in Miami
Date: 2018-06-13   Author: Ojaswita Kutepatil

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

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SGS buys Polymer Solutions, deal promises growth in Christiansburg
Date: 2018-06-12   Author: Saipriya Iyer

The Geneva headquartered testing laboratories company, SGS S.A., has reportedly acquired Polymer Solutions Inc., a pivotal contributor to the polymers industry in the U.S. The deal seems to be a promising one, as SGS, ...

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Pfizer sinks capital in healthcare research and cutting-edge science
Date: 2018-06-11   Author: Saipriya Iyer

Pharma magnate Pfizer reportedly aims to pour in close to USD 600 million in the field of biotechnology. As per authentic sources, the company also plans to invest capital in other emerging growth companies via its inv...

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GM & Honda team up to deliver breakthrough battery for upcoming EVs
Date: 2018-06-09   Author: Sunil Hebbalkar

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 batte...

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Platform Specialty confirms it wants to sell its agrochemicals business
Date: 2018-06-08   Author: Pankaj Singh

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...

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Eindhoven to be the world’s first city with habitable 3D-printed homes
Date: 2018-06-07   Author: Saif Ali Bepari

In an attempt to revolutionize the construction sector, the Netherlands-headquartered real estate firm Van Wijnen has apparently announced that it intends to build the world’s first habitable homes using 3D print...

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Magellan & CIP to develop floating offshore wind energy in the U.S.
Date: 2018-06-06   Author: Pankaj Singh

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 w...

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Foxconn-owned Sharp to acquire Toshiba’s loss-making PC business
Date: 2018-06-05   Author: Pankaj Singh

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 e...

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Keytruda’s success cements Merck’s stance in healthcare industry
Date: 2018-06-04   Author: Pankaj Singh

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...

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SoftBank offers $2.25 bn to GM for manufacturing autonomous cars
Date: 2018-06-03   Author: Dhananjay Punekar

Softbank Group Corp., which holds 15% ownership in Uber Inc., is reportedly planning to provide funds worth USD 2.25 billion for General Motors’ autonomous vehicle initiative. Some of the key officials of GM have...

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Tata Motors signs MoU with Maharashtra government to supply 1,000 EVs
Date: 2018-06-02   Author: Dhananjay Punekar

In what may seem to be a major boost to promote the expansion of India electric vehicle industry, Tata Motors has inked a MoU (Memorandum of Understanding) with the Government of Maharashtra. As per the deal the compan...

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PwC Australia enters alliance to bring blockchain to freight industry
Date: 2018-06-01   Author: Ojaswita Kutepatil

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

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Nuheara makes products available in Japan consumer electronics market
Date: 2018-06-01   Author: Satarupa De

Wearable devices market giant, Nuheara Limited has apparently made it to the headlines for penetrating Japan electronics industry. Reports claim that the Australia based company would be selling its signature IQbuds an...

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Aramco-Halliburton to augment Saudi Arabia O&G industry growth
Date: 2018-06-01   Author: Paroma Bhattacharya

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 engag...

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BW LPG makes a bid to acquire Dorian LPG for USD 1.1 billion
Date: 2018-05-31   Author: Dhananjay Punekar

BW LPG, a leading provider of maritime gas transport solutions, has declared its intention of acquiring Dorian LPG, an LPG gas shipping firm, in an all-share pact estimated at USD 1.1 billion including debt. The key of...

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Automotive major Nissan cuts production by 20% in North America
Date: 2018-05-30   Author: Saif Ali Bepari

In a bid to deal with the dwindling profitability quotient, the Nissan Motor Company Limited has apparently announced to slash vehicle production by as much as 20 percent in North America. As per reliable sources, the ...

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Nestle Japan develops healthcare nutrition service for aging societies
Date: 2018-05-29   Author: Saif Ali Bepari

Nestle Japan, a subsidiary of the Switzerland-headquartered food and beverages firm, has apparently announced its new healthcare platform to offer consumers with nutritional advice based on their dietary habits and res...

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Ultimaker partners with polymers & advanced materials industry giants
Date: 2018-05-28   Author: Ojaswita Kutepatil

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

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First Quantum withdraws from Pebble Mine joint venture in Alaska
Date: 2018-05-28   Author: Dhananjay Punekar

First Quantum Minerals Limited, a mining & metals firm based in Canada, has stepped back from the joint venture for the proposed Pebble Mine project development in Alaska. Reportedly, the venture is in the middle o...

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GOAT introduces e-scooters in Austin post approval from authorities
Date: 2018-05-27   Author: Dhananjay Punekar

GOAT, a dockless electric scooter firm, has reportedly launched dockless electric scooters in Austin after obtaining approval from the transportation department of Austin for its pilot program. For the record, the comp...

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Specialty chemicals major AkzoNobel plans to upgrade Mahad facility
Date: 2018-05-25   Author: Paroma Bhattacharya

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 ...

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Anthem to purchase non-hospice palliative care provider Aspire Health
Date: 2018-05-25   Author: Dhananjay Punekar

Anthem Inc., a U.S. based health insurance firm, has declared that it is going to acquire Aspire Health, an outpatient palliative care provider. The deal marks a new era for the insurance firms that are trying to explo...

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BP to invest in StoreDot’s car batteries to promote EV adoption
Date: 2018-05-24   Author: Satarupa De

British oil & gas conglomerate BP, has apparently invested in the Israel based StoreDot, as it plans to venture into clear energy goals. For the uninitiated, the Tel-Aviv headquartered company, StoreDot, claims to ...

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Ameren to move forward with 175-turbine wind farm in Missouri
Date: 2018-05-23   Author: Satarupa De

In what may be touted as an attempt to mark its stance in the renewable energy industry, Ameren Corporation has recently announced its massive 175-wind farm project in Northeast Missouri. If reports are to be relied on...

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India to advance warfare tactics, works on UAV & robotic weaponry
Date: 2018-05-22   Author: Ojaswita Kutepatil

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

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German polymer maker launches digital channels, goes big in e-commerce
Date: 2018-05-21   Author: Saif Ali Bepari

Covestro, regarded as among the world’s leading firms in polymers and advanced materials industry, has apparently unveiled two digital distribution channels to meet the requirements of altering business procureme...

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Automotive industry behemoth Nissan forays into home energy space
Date: 2018-05-18   Author: Saif Ali Bepari

Nissan, the Japanese automotive and transportation market leader, has apparently unveiled its first stand-alone solar, storage and vehicle charging system without any assistance of traditional utilities. As per reliabl...

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Chinese electronics giant Sogou unveils Smart Recording Translator
Date: 2018-05-17   Author: Saif Ali Bepari

Regarded as one of most prominent leader and innovators of China electronics and media industry, Sogou Inc., has recently announced the commencement of the sales of one of its appliances. As per reliable sources, this ...

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Royal Dutch Shell plans to make a comeback in polymers industry
Date: 2018-05-16   Author: Saif Ali Bepari

Touted as the world’s foremost oil and natural gas major, Royal Dutch Shell has apparently decided to re-enter the polymers and advanced materials industry by constructing a gigantic petrochemicals complex in the...

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Philips’ high-tech investment bids to push healthcare industry trends
Date: 2018-05-15   Author: Saif Ali Bepari

In an attempt to scale up its adoption of artificial intelligence in a variety of medical offerings, Royal Philips NV has now focused on investing heavily in the healthcare industry. As per reliable sources, the Nether...

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GE Renewable Energy taps Chile wind industry, launches debut project
Date: 2018-05-14   Author: Ojaswita Kutepatil

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

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Automotive & transportation firm Uber expands service in Costa del Sol
Date: 2018-05-11   Author: Ojaswita Kutepatil

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

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Standard Lithium signs MoU with Lanxess, tests Li extraction viability
Date: 2018-05-10   Author: Ojaswita Kutepatil

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

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Google launches open-source framework to secure data in the cloud
Date: 2018-05-09   Author: Saif Ali Bepari

In a bid to reinforce its stance in electronics and media industry, the American multinational tech giant Google has recently launched an open source framework for confidential computing. As per reliable reports, the c...

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FCC approves Hydro One’s merger with U.S. energy industry firm Avista
Date: 2018-05-08   Author: Saif Ali Bepari

The U.S. Federal Communications Commission (FCC) has apparently accorded its approval to conclude a pivotal merger agreement in the energy industry. Sources cite that the approval has been granted to the deal between t...

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Reece acquires MORSCO, taps U.S. luxury plumbing fixtures market
Date: 2018-05-07   Author: Ojaswita Kutepatil

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

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Tata Motors sells defense portfolio to Tata Advanced Systems Ltd
Date: 2018-05-06   Author: Dhananjay Punekar

The Board of directors at Tata Motors have apparently declared that they have approved the sale of the company’s defense unit to Tata Advanced Systems (TASL). The sale deal however will not be including civilian ...

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Hanergy introduces thin-film solar umbrella for power-deprived regions
Date: 2018-05-05   Author: Dhananjay Punekar

Hanergy, a renewable energy firm based in China, has apparently launched a new product “Humbrella”- a thin-film solar powered umbrella that will offer clean & reliable power supply to places that are hi...

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Oath Inc signs distribution agreement with electronics giant Samsung
Date: 2018-05-04   Author: Saif Ali Bepari

Oath Inc, a subsidiary of the U.S. based telecommunications conglomerate Verizon Communications Inc, has apparently announced to have inked an agreement with electronics and media industry leader Samsung. According to ...

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Nikola Motors sues Tesla for $2 bn, accuses of copying truck design
Date: 2018-05-03   Author: Ojaswita Kutepatil

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

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Specialty chemicals firm ExxonMobil to buy PT FKT for USD 436mn
Date: 2018-05-02   Author: Ojaswita Kutepatil

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

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ANZ, IBM, & Suncorp develop blockchain platform for insurance sector
Date: 2018-05-01   Author: Ojaswita Kutepatil

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

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AGL Energy receives a $250m offer from Alinta for Liddell power plant
Date: 2018-04-30   Author: Ojaswita Kutepatil

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

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Aramco & SABIC choose KBR for their oil to chemicals plan worth $20b
Date: 2018-04-27   Author: Ojaswita Kutepatil

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

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ST Aerospace-Vietnam Airlines’ JV to fuel regional aviation industry
Date: 2018-04-27   Author: Saif Ali Bepari

Vietnam Airlines, the flag carrier of Vietnam, has apparently signed a memorandum of understanding (MoU) with the Singapore headquartered ST Aerospace to boost its aviation operations. As per reliable reports, the late...

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Aramco & Total may plan the buyout of Saudi retail fuel stations
Date: 2018-04-26   Author: Ojaswita Kutepatil

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

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Google offers speedy data centers connectivity via Partner Interconnect
Date: 2018-04-25   Author: Ojaswita Kutepatil

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

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WVU Medicine & Apple join hands to offer health records on mobile app
Date: 2018-04-24   Author: Ojaswita Kutepatil

West Virginia United Health System (WVU Medicine), West Virginia's leading healthcare provider, has recently announced that it has teamed up with the tech giant Apple, Inc., to allow health records to be uploaded t...

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LiDAR firm Luminar unveils newest unit, aims to lead autonomous sector
Date: 2018-04-23   Author: Ojaswita Kutepatil

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

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Nest to install 1M smart thermostats in low-income US households
Date: 2018-04-21   Author: Saif Ali Bepari

In an attempt to decrease the energy expenditure of low income households in the United States, Nest Labs, Inc has recently announced to install as many as 1 million of its smart thermostats at negligible or zero cost ...

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Australian scientists develop novel polymer sponge for oil spills
Date: 2018-04-20   Author: Ojaswita Kutepatil

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

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DOE announces $105 million grant for advanced solar technologies
Date: 2018-04-19   Author: Ojaswita Kutepatil

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

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Oil & gas major Vermilion acquires Spartan Energy in a $1.11bn deal
Date: 2018-04-18   Author: Ojaswita Kutepatil

Vermilion Energy Inc., a global leader in the oil & gas industry has recently announced that it is weighing an acquisition deal with its Canada-based rival Spartan Energy Corp. According to reports, the deal is fin...

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Rogers partners with Ericsson on 5G tech tests in Ottawa, Toronto
Date: 2018-04-18   Author: Ojaswita Kutepatil

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

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First DNA sequence transfer POC test debuts in healthcare industry
Date: 2018-04-16   Author: Saipriya Iyer

The development team of DNAtix, a genetics blockchain firm, has reportedly declared that it has successfully conducted the first POC (proof of concept) test to transfer DNA sequences on the blockchain. The company that...

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Mercedes-Benz develops new electric car, challenges Tesla Model S
Date: 2018-04-14   Author: Paroma Bhattacharya

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. ...

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Nintendo collaborates with Scrum, aims to find new tech for Switch
Date: 2018-04-13   Author: Paroma Bhattacharya

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 Ninte...

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Archer inks JV with FlexeGRAPH, expands advanced materials production
Date: 2018-04-12   Author: Shikha Sinha

In what may be touted as a major step toward revolutionizing graphene applications in automotive & computing industries, Archer Exploration, has scarcely announced its collaboration with FlexeGRAPH, the acclaimed g...

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District heating giant Umea Energi integrates with ABB Ability system
Date: 2018-04-11   Author: Ojaswita Kutepatil

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

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Automotive firm Nexteer to set up new software center in India
Date: 2018-04-11   Author: Ojaswita Kutepatil

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

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Novartis-AveXis deal causes considerable storm in healthcare industry
Date: 2018-04-10   Author: Dhananjay Punekar

The globally reputed pharma company Novartis, has reportedly signed a purchase agreement with AveXis, a clinical stage gene therapy biotech firm. The deal, which is estimated at USD 8.7 billion, will complement Novarti...

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Aramco’s Motiva plans petrochemicals expansion in the U.S.
Date: 2018-04-09   Author: Paroma Bhattacharya

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 re...

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Silvaco-Silicon deal to markedly influence electronics industry trends
Date: 2018-04-06   Author: Paroma Bhattacharya

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 whi...

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UK automotive industry firm PSA boosts van plant output at Luton
Date: 2018-04-05   Author: Dhananjay Punekar

PSA Group, one of the pivotal contributors of the automotive and transportation industry, will reportedly be increasing the vehicle production at Vauxhall’s van unit in Luton, UK, by adding automobile brands such...

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Orbis buys Response Packaging to expand its geographical presence
Date: 2018-04-05   Author: Dhananjay Punekar

Orbis Corporation, one of the most prominent players of polymers & advanced materials industry, has declared the acquisition of Response Packaging. As per the terms & conditions of the acquisition agreement, th...

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Hanwha strengthens stance in India bulk & specialty chemicals industry
Date: 2018-04-03   Author: Dhananjay Punekar

Hanwha Chemical Corporation, one of the pivotal participants across South Korea bulk & specialty chemicals industry, is reportedly planning to set up units in the PCPIR complex in Orissa. Reports claim that the inv...

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Iryo steps up to improve medical record access in healthcare industry
Date: 2018-04-02   Author: Saipriya Iyer

Adriatic Slovenica, reputed insurance company, has reportedly inked a highly lucrative agreement with Iryo, a Slovenia-based healthcare blockchain startup. If authentic reports are to be believed, this partnership is a...

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Pfizer’s positive drug results mark success in healthcare industry
Date: 2018-03-31   Author: Ojaswita Kutepatil

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

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Samsung ramps up 3D NAND production in China electronics industry
Date: 2018-03-30   Author: Dhananjay Punekar

In a pivotal move to ramp up its 3D NAND production, Samsung Electronics, a key player across the electronics & media industry is expected to develop Xian Line 2 to fulfill the rising demand for 3D NAND flashes. Wi...

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BASF sells oleochemical surfactants business to Stepan in Mexico
Date: 2018-03-28   Author: Dhananjay Punekar

BASF SE, one of the most prominent players of the global bulk and specialty chemicals industry, has reportedly claimed that it has finalized the sale deal of a part of its oleochemical surfactants business in Mexico. T...

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IVL arm inks deal to buy largest PTA plant in U.S. polymers industry
Date: 2018-03-27   Author: Dhananjay Punekar

In what may be touted as a major incidence in the polymers & advanced materials industry, Indorama Ventures Holdings LP has signed an acquisition deal with the M&G USA Corporation for acquiring a unit in Corpus...

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Automotive giant Volvo to develop cars for Lynk & Co at Belgium site
Date: 2018-03-26   Author: Saipriya Iyer

Volvo Car Group, the reputed player of the Sweden automotive & transportation industry, has made it to the front page for deciding to develop automobiles for Lynk & Co. Incidentally, the automobiles will be man...

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ZTE container networking solution debuts in smart technology industry
Date: 2018-03-23   Author: Paroma Bhattacharya

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, ...

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Siemens-Hackrod deal to transform automotive industry outlook
Date: 2018-03-22   Author: Sunil Hebbalkar

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 i...

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NH-ISAC to facilitate secure threat sharing in healthcare industry
Date: 2018-03-21   Author: Paroma Bhattacharya

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...

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Lanxess to open a thermoplastic compounding line at Krefeld-Uerdingen
Date: 2018-03-20   Author: Satarupa De

Renowned bulk and specialty chemicals industry giant Lanxess has recently made it to the headlines with the announcement of its new production line in Germany. The company has apparently commissioned a thermoplastic sp...

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Siemens to set up the largest 3D printing factory worth £27mn in UK
Date: 2018-03-20   Author: Dhananjay Punekar

Siemens AG, one of the largest industrial manufacturing firms headquartered in Munich, is likely to invest around £27 million for the largest 3D printing unit based in Worcester, UK. The main objective of the fir...

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Lubrizol unveils compounding line in China polymers industry
Date: 2018-03-19   Author: Satarupa De

In what may be touted as an attempt to serve the increasing demand for TPU and specialty compounds, Lubrizol Corporation has recently inaugurated its new compounding production line in Songjiang. Reportedly, the decisi...

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Toshiba-Atheer to launch AR platform in smart technologies industry
Date: 2018-03-16   Author: Saif Ali Bepari

In its persistent efforts to solidify its presence in the sustainable and smart technologies market, Atheer has recently announced to have teamed up with Toshiba to develop an Augmented Reality software platform. As pe...

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Sensor City receives grant to explore 5G in healthcare industry
Date: 2018-03-15   Author: Sunil Hebbalkar

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...

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VW secures funds in battery supplies for its electric car production
Date: 2018-03-14   Author: Dhananjay Punekar

Volkswagen AG, the renowned Germany based automotive manufacturer, has secured USD 25 billion in battery supplies, which may be targeted toward promoting its electric car production activities over the next few years. ...

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Chevron Phillips successfully launches ethane cracker in Baytown
Date: 2018-03-13   Author: Ojaswita Kutepatil

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

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E.ON-RWE deal likely to revolutionize Germany energy industry
Date: 2018-03-12   Author: Dhananjay Punekar

In a strategic move that has been touted to transform the energy sector in Germany, E. ON SE has decided to acquire Innogy from RWE AG. Codenamed ‘Live Wire’, this agreement between E.ON, one of the topmost...

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SA government to fund Neoen’s solar & wind hydrogen plant construction
Date: 2018-03-09   Author: Dhananjay Punekar

The Labor government, Australia, has apparently decided to offer a loan worth USD 25 million to Neoen, a renewable energy firm based in France. The fund will be used for constructing a 50 MW Hydrogen electrolyser drive...

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Microsoft partners with Atria, inks second clean energy pact in Asia
Date: 2018-03-07   Author: Dhananjay Punekar

Tech behemoth Microsoft Corporation has reportedly signed a purchase agreement with Atria Power, an India based renewable energy producer. The company intends to buy 3 MW of solar power for electrifying its new data ce...

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Nanoparticle-based drug may soon be launched in healthcare industry
Date: 2018-03-06   Author: Sunil Hebbalkar

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 n...

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TNB acquires 80% stake of UK based renewable energy enterprises
Date: 2018-03-04   Author: Paroma Bhattacharya

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...

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Microsoft inks first renewable alliance in Asia via solar power bid
Date: 2018-03-03   Author: Saipriya Iyer

The globally reputed technology magnate, Microsoft Corporation, has reportedly announced that it plans to purchase solar power from Singapore. If sources are to be believed, the company will be signing an agreement wit...

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Coinlancer-Cryptopia partnership marks debut in blockchain industry
Date: 2018-02-07   Author: Dhananjay Punekar

Coinlancer, a blockchain technology built on an Ethereum platform for effective freelancing & secured peer-to-peer exchanges, has scarcely collaborated with Cryptopia. Apparently, the deal has come to fruition post...

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UniQuest & PMI collaborate to develop non-addictive pain killers
Date: 2018-01-31   Author: Dhananjay Punekar

UniQuest Private Limited, a commercialization unit of the University of Queensland, has apparently signed on a research & option pact with PrevCeutical Medical Incorporation (PMI). Incidentally, PMI, a Canada based...

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Google plans to finance Indonesian ride-hailing company Go-Jek
Date: 2018-01-29   Author: Sunil Hebbalkar

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, stat...

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Noble Energy to expand its natural gas extraction ventures in Israel
Date: 2018-01-25   Author: Paroma Bhattacharya

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 Medi...

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Celgene announces purchase of Juno Therapeutics for USD 9 billion
Date: 2018-01-23   Author: Dhananjay Punekar

In what may be regarded as a significant breakthrough being witnessed across healthcare industry, Celgene Corporation has reportedly decided to purchase Juno Therapeutics Incorporation, a biopharmaceutical firm headqua...

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Infiniti declares electrification of all its car models by 2025
Date: 2018-01-18   Author: Dhananjay Punekar

Infiniti, a luxury vehicle segment of automotive manufacturer Nissan, has declared its willingness to electrify its car models, with the exception of few large SUVs, by 2021. As per information derived from authentic s...

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Sun Pharmaceuticals settles drug patent litigation with pharma giants
Date: 2018-01-17   Author: Dhananjay Punekar

Sun Pharmaceuticals Industries Limited, a key player across the pharmaceuticals industry, has reportedly entered into a pact with Pharma giants Allergan Plc & Ironwood Pharmaceuticals Inc. for resolving the patent ...

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GAC joins hands with Fiat to gain foothold in U.S. automotive market
Date: 2018-01-16   Author: Dhananjay Punekar

GAC Group, a key vehicle manufacturer based in China, has reportedly decided to sell its vehicles in the U.S. by next year, by means of signing an alliance with Fiat Chrysler, an automobile manufacturer based in the Un...

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UNSW signs a landmark energy deal to become 100% solar powered
Date: 2018-01-15   Author: Ojaswita Kutepatil

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

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Archtech Solar constructs 10MW solar power plant in Saudi Arabia
Date: 2018-01-12   Author: Paroma Bhattacharya

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 s...

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Crumble to come under Australian ownership via Nestle-Robern Menz deal
Date: 2018-01-12   Author: Satarupa De

Iconic Swiss food giant, Nestle, has apparently entered an agreement with South Australian choco-lord, Robern Menz, to sell its Violet Crumble brand. Reportedly, through this acquisition, the renowned FruChocs manufact...

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South Australia to construct giant thermal solar unit in Port Augusta
Date: 2018-01-11   Author: Dhananjay Punekar

Buoyed by the success of world’s largest lithium-ion battery, South Australia is planning to construct the world’s largest solar thermal power unit at Port Augusta. According to authentic sources, the plant...

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Pfizer halts drug research activities for Alzheimer’s & Parkinson’s
Date: 2018-01-09   Author: Dhananjay Punekar

Pfizer, a leading pharmaceutical firm based in the U.S, has taken a decision to terminate its research & development activities targeted toward launching new drugs for treating Parkinson’s and Alzheimer&rsquo...

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Hyundai Mobis to introduce world’s first panoramic sunroof airbags
Date: 2018-01-08   Author: Ojaswita Kutepatil

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

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Hyundai & VW sign deals with Aurora to develop autonomous vehicles
Date: 2018-01-08   Author: Paroma Bhattacharya

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 indu...

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EU approves Greek auction scheme for renewable electricity production
Date: 2018-01-05   Author: Satarupa De

In what seems to be another spectacular scoop in Europe’s renewable energy cosmos, the Greek auction scheme has recently received the European Commission approval to produce electricity from high-efficiency cogen...

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The Imperial-led joint venture calls it quits on Mackenzie gas project
Date: 2018-01-02   Author: Saif Ali Bepari

The eagerly anticipated but much-delayed Mackenzie Valley Gas Pipeline Project has finally been canceled. According to a recently posted press release on the website of Imperial Oil, one of the largest petroleum refini...

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PotashCorp and Agrium to receive final approval for merger from FTC
Date: 2017-12-29   Author: Ojaswita Kutepatil

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

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Airbus’s cutdown of A380 production to solely depend on Emirates deal
Date: 2017-12-28   Author: Satarupa De

Airbus, the European aeronautical conglomerate, in all plausibility, would phase out the production of the A380 superjumbo, if it fails to win Dubai’s Emirates deal, as per the recent reports. Despite the company...

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Wesfarmers enters a deal with Coronado to sell Curragh coal mine
Date: 2017-12-22   Author: Dhananjay Punekar

In a major breakthrough witnessed across the coal mining sector, Wesfarmers Limited, an Australian firm in the retail, fertilizers, and coal mining business, is anticipated to sell Curragh coal mine to Coronado Coal Gr...

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Aurora and Micron collaborate for effectively treating organic wastes
Date: 2017-12-20   Author: Dhananjay Punekar

Aurora Inc., a medical marijuana producer & distributor in Canada, has entered a non-binding agreement with Micron Waste Technologies Inc., a leading manufacturer of organic waste technologies. Through this deal, A...

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Inter Pipeline Limited to construct a petrochemical plant in Alberta
Date: 2017-12-19   Author: Dhananjay Punekar

Inter Pipeline Limited, a petroleum transportation firm based in Canada, is anticipated to develop the country’s first propane dehydrogenation & polypropylene unit, which is forecast to cost USD 2.7 billion, ...

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Oracle to acquire Australian software company, Aconex for $1.19bn
Date: 2017-12-18   Author: Sunil Hebbalkar

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 ...

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Microsoft India aims to deliver low-cost IoT solutions to farmers
Date: 2017-12-15   Author: Dhananjay Punekar

The Indian division of Microsoft Corporation, the globally reputed tech conglomerate, has apparently been making every effort to minimize the IoT installation costs across the farming sector through the use of cost-effec...

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AMRC-Skolkovo deal to collaboratively target antimicrobial research
Date: 2017-12-14   Author: Dhananjay Punekar

The AMR Center has joined forces with Russia’s Skolkovo Foundation to create new modes of treating microbial resistance. Sources have claimed that the former will offer preclinical assistance to the startup firms...

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Apple buys Shazam to gain ground in digital music services industry
Date: 2017-12-12   Author: Dhananjay Punekar

Apple Inc., the globally reputed tech behemoth, has scarcely purchased Shazam Entertainment Limited, a UK based app development firm for USD 400 million. As per reliable sources, the latter has manufactured a song-iden...

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Morocco signs a pact with BYD to spur its vehicle production
Date: 2017-12-11   Author: Dhananjay Punekar

In what may be touted as a major boost to the vehicle manufacturing sector in North Africa, Morocco has entered a pact with BYD company limited, a reputed Chinese firm manufacturing electric vehicles, to expand its veh...

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UnitedHealth’s Optum unit to take over the physician group from DaVita
Date: 2017-12-07   Author: Sunil Hebbalkar

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 bet...

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Alberta plans to invest $1.4bn to boost innovations in energy sector
Date: 2017-12-06   Author: Sunil Hebbalkar

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 numero...

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Lamborghini unveils its latest SUV model Urus SUV at Sant’Agata, Italy
Date: 2017-12-05   Author: Dhananjay Punekar

Automobili Lamborghini S.p.A, an Italian based automobile firm producing sports cars, SUVs, and supercars, has unleashed the new SUV model – the all-new Lamborghini Urus SUV. As per reliable sources, the concept ...

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Pendragon focuses on UK used car market, sells its US motor business
Date: 2017-12-04   Author: Ojaswita Kutepatil

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

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Shell inks deal to further develop the QCLNG project in Queensland
Date: 2017-12-01   Author: Sunil Hebbalkar

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...

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Verizon to launch 5G network services in five U.S cities by 2018
Date: 2017-11-30   Author: Dhananjay Punekar

Verizon, a key player across the telecom industry, has proclaimed that it plans to introduce the first 5G network in nearly five cities in the United States by the end of 2018. Sacramento in California is anticipated t...

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Royal Dutch Shell to upsurge spending on renewable energy projects
Date: 2017-11-29   Author: Dhananjay Punekar

In a major turn of events witnessed across the oil & gas sector, Royal Dutch Shell Plc has announced an investment of nearly USD 2 billion on electric vehicles, wind power, and biofuel power projects. The firm has ...

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Shell’s venture with carmakers to boost EV charging industry in Europe
Date: 2017-11-27   Author: Satarupa De

Royal Dutch Shell has apparently extended a hand of interest to partner with some of the world’s largest automakers in a bid to expand its electric vehicle charging business in Europe. The move comes on the heels...

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Sasol divests from the GTL project, sells Canadian shale gas assets
Date: 2017-11-24   Author: Dhananjay Punekar

In a major breakthrough witnessed across the O&G industry, Sasol Limited has completely withdrawn from its gas-to-liquids greenfield ventures that also include a project in Louisiana, the cost of which is estimated...

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Enel wins lucrative wind project contract at Mexico auction
Date: 2017-11-23   Author: Dhananjay Punekar

Enel SpA, an Italian firm manufacturing & distributing power & gas, has reportedly announced its decision to develop four wind farms in Mexico having an energy generation capacity of nearly 593 MW. The official...

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Daimler AG to electrify its Mercedes-Benz automobile range
Date: 2017-11-21   Author: Dhananjay Punekar

In a new move witnessed across the automotive sector, Daimler AG, a Germany based automaker, is expected to expand its electrification plans that include the launching and commercialization of its Mercedes Benz electri...

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Qualcomm-NXP merger all set to receive green signal from JFTC and EU
Date: 2017-11-20   Author: Dhananjay Punekar

Qualcomm, a key U.S. player across wireless telecommunications industry, is anticipated to receive a clearance approval from Japanese antitrust authorities with regards to the acquisition of NXP Semiconductors worth US...

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MYOB acquires Reckon’s accounting business for USD 180 million
Date: 2017-11-16   Author: Satarupa De

MYOB, the Australia based accounting software conglomerate, has recently penned a deal of USD 180 million with Reckon for acquiring the latter’s accounting group division, in a bid to step up its position in the ...

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Airbus clinches a record 430-jet deal with Indigo Partners
Date: 2017-11-15   Author: Saif Ali Bepari

One of the most significant aerospace events in the world, the Dubai Airshow, is set to incorporate its order book with a mammoth aircraft deal. The European aeronautical giant, Airbus SE, has confirmed that it has cli...

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Uber to witness severe face-off as Lyft expands services to Toronto
Date: 2017-11-14   Author: Ojaswita Kutepatil

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

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Shell significantly divests a stake of AUD 2.2 billion in Woodside
Date: 2017-11-13   Author: Saif Ali Bepari

Royal Dutch Shell PLC has slashed its holding in Woodside Petroleum to 4.8% from 13.28%, in its latest bid to boost its non-core disposal program that aims to alter its stake from being an associate holding to an investm...

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Vodafone-Cityfibre deal shudders the fibre industry in UK
Date: 2017-11-10   Author: Saif Ali Bepari

The British telecommunications giant, Vodafone has announced its partnership with the UK’s largest wholesale fibre network infrastructure provider, Cityfibre to build a full fibre network which is expected to rea...

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China-US sign LNG agreement to develop the natural gas sector
Date: 2017-11-09   Author: Sunil Hebbalkar

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 Trum...

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Adidas rolls out its first shopping app in San Francisco
Date: 2017-11-08   Author: Saif Ali Bepari

The German sports behemoth, Adidas, unveiled its first shopping app at the world’s largest software conference, Dreamforce 2017, which is being held in downtown San Francisco from November 6-9. The announcement, ...

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HSBC & Barclays initiate investments in green finance projects
Date: 2017-11-07   Author: Saif Ali Bepari

In a significant push toward the sustainable financing, leading banks HSBC and Barclays made separate announcements, on Monday, to endorse and encourage environmentally viable projects in a big way. ...

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Altice USA to provide voice & data services via Sprint’s network
Date: 2017-11-06   Author: Ojaswita Kutepatil

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

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Ford Motors teams up with Roush to enhance Mustang GT performance
Date: 2017-11-03   Author: Dhananjay Punekar

The Ford Motor Company, a U.S. based car manufacturer, has formed an alliance with Roush Performance, a rather pivotal automotive industry giant, in order to speed up the racing ability and speed of its Mustang car mod...

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Earbud startup Doppler Labs to shut down after raising USD 50mn
Date: 2017-11-02   Author: Ojaswita Kutepatil

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

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Consol Energy Board gives the green signal for company separation
Date: 2017-11-01   Author: Sunil Hebbalkar

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 wit...

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Novartis to sign an acquisition deal with AAA for USD 3.9 billion
Date: 2017-10-31   Author: Dhananjay Punekar

Novartis International AG, one of the most globally acclaimed pharmaceutical industry giants, is apparently planning to buy out AAA (Advanced Accelerator Applications) for a valuation of close to USD 3.9 billion. The b...

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IFC closes $653 mn funding package for largest solar farm in Egypt
Date: 2017-10-30   Author: Saipriya Iyer

The IFC (International Finance Corporation), an international financial institution and a prominent member of the World Bank Group, has scarcely finalized a loan of close to USD 653 million to be provided to Egypt for ...

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CVS offers USD 66 billion to buy health insurer Aetna
Date: 2017-10-27   Author: Ojaswita Kutepatil

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

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Walgreens to stock naloxone for opioid overdose treatment
Date: 2017-10-26   Author: Dhananjay Punekar

Walgreens Boots Alliance has declared that it would be hoarding up on Narcan, an over-the -counter naloxone drug approved by the FDA, in all its pharmacies in the U.S. to reverse the impact of opioid medicines such as ...

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Sears ends long-term partnership with Whirlpool
Date: 2017-10-25   Author: Sunil Hebbalkar

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 Mayta...

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Avior signs a multi-year deal with Boeing 737 Max airplane program
Date: 2017-10-24   Author: Satarupa De

Avior Integrated Products, the renowned Canadian aerospace manufacturer, has recently made it to the headlines with the announcement of its multi-year contract with Boeing, the American aerospace conglomerate. Reported...

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Tesla in talks with Shanghai government to set up EV factory in China
Date: 2017-10-23   Author: Saipriya Iyer

Renowned American automaker Tesla Inc., is reportedly amidst discussions with the Shanghai government to build a manufacturing facility in the city. As per sources, this proposed move may help the American EV manufactu...

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UK legislators accuse eBay & Amazon for failure to tackle VAT frauds
Date: 2017-10-20   Author: Ojaswita Kutepatil

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

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MIT introduces AI based breast cancer diagnostic model
Date: 2017-10-19   Author: Satarupa De

This Thursday, the breast cancer therapeutics industry space witnessed one of the biggest scoops of recent times, with MIT unveiling an AI based model that would be able to detect breast cancer much more efficiently an...

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Viacom & Charter to extend renewal deadline over carriage negotiations
Date: 2017-10-17   Author: Ojaswita Kutepatil

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

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Spark Therapeutics’ injectable therapy waits for FDA approval
Date: 2017-10-16   Author: Satarupa De

A panel of federal health advisers has recently endorsed an experimental approach for patients affected with hereditary blindness, setting the stage for the FDA approval of a groundbreaking gene therapy treatment. Repo...

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TransCanada cancels Energy East Pipeline plan citing regulatory blocks
Date: 2017-10-10   Author: Saipriya Iyer

The Canadian denizens seem to have finally taken a breather post TransCanada’s stupefying announcement this week, regarding the termination of its much-acclaimed Energy East Pipeline project, the proposal for whi...

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Walmart plans to exchange or refund online items in tangible stores, introduces Mobile Express Returns to accomplish the same
Date: 2017-10-09   Author: Saipriya Iyer

Renowned retail giant Walmart, plans to launch the Mobile Express Returns, a supposedly new in-store returns service, with an aim to facilitate convenient refunds and exchange offers for goods purchased online. Walmart...

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BMW pours in further reserves in the Rosslyn plant, invests ZAR 160 million to upgrade plant flexibility
Date: 2017-10-03   Author: Saipriya Iyer

The South African subsidiary of the renowned automotive behemoth, has invested a substantial amount of money in its manufacturing facility at Rosslyn in Pretoria with an aim to possibly improve the productivity and fle...

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Ford & Lyft to join forces over the deployment of autonomous cars
Date: 2017-09-29   Author: Ojaswita Kutepatil

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

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Disney may have a fall-out with Optimum, gives the high sign to NY-based customers regarding the loss of ESPN & ABC
Date: 2017-09-27   Author: Ojaswita Kutepatil

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

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Celgene Corporation to extend its partnership with FORMA Therapeutics to explore new dimensions across pharma and healthcare sectors
Date: 2017-08-30   Author: Dhananjay Punekar

Celgene Corporation, a key player in the biopharmaceutical industry, has extended its partnership with FORMA Therapeutics Incorporation, a major giant in the pharmaceutical sector, to pursue research in the field of on...

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IBM inks blockchain alliance with 10 colossal food giants, multi-firm collaboration aims to regularize global food safety
Date: 2017-08-23   Author: Saipriya Iyer

In what may be proclaimed as one of the most iconic deals in the history of blockchain technology industry and the F&B sector, IBM has forged a highly strategic partnership with not one, not two, but ten highly ren...

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Merck commits toward the elimination of schistosomiasis by collaborating with Baylor College of Medicine
Date: 2017-08-09   Author: Satarupa De

Vaccine experts have long overlooked the necessity of developing products for diseases that are more prevalent in poor countries while prioritizing on other lucrative projects. Contrary to this conventional approach, M...

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Audi has been enlisted as a part of the German diesel emission investigation
Date: 2017-08-07   Author: Ojaswita Kutepatil

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

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AT&T Incorporation makes a shift in its leadership positions ahead of the finalization of its merger deal with Time Warner
Date: 2017-08-01   Author: Dhananjay Punekar

AT&T Incorporation, a U.S. based telecommunications giant, has declared that three of its senior officials will acquire key posts in the company in the beginning of August, as the firm is all set to merge with Time...

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U.S. government to step up the stamp of approval against Venezuela oil industry following disputable elections
Date: 2017-07-31   Author: Saipriya Iyer

The U.S. government has charged 13 high-ranking Venezuelan officials on the grounds of human rights violations and corruption, undermining the South American democratic framework. As per reports, a slew of further sanc...

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Meituan-Dianping plans to penetrate offline retail industry, joins the likes of JD.com Inc. and Alibaba
Date: 2017-07-27   Author: Saipriya Iyer

The latest scoop hot off the griddle is that of Meituan-Dianping, China's largest provider of online and on-demand services, planning to invest extensively in offline retail services by means of a top-notch strateg...

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UK government undertakes 30th licensing round for the mature areas of Britain’s North Sea
Date: 2017-07-26   Author: Dhananjay Punekar

UK’s oil & gas regulating authority (OGA) had recently conducted its 30th offshore licensing round that provides access to 813 oil & gas exploration blocks, which form a part of the matured are...

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China’s robustly expanding electric car business forges rewarding opportunities for Japanese SMBs
Date: 2017-07-25   Author: Saipriya Iyer

The escalating growth of the electric car industry in China is apparently set to provide a slew of lucrative business opportunities for small and medium-sized auto parts manufacturers in Japan. Most of these Japanese m...

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Siemens Gamesa forge a deal with Equis Energy to supply 20 gearless SWT 3.6-130 wind turbines across Indonesia
Date: 2017-07-24   Author: Sunil Hebbalkar

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...

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Maersk & GE augment digitization tie-up, global offshore drilling industry to surmount a step further
Date: 2017-07-20   Author: Saipriya Iyer

Having successfully embarked on cutting-edge trend of digitization, General Electric Company and Maersk Drilling have decided to extend their partnership which broke ground last year. Reports affirm that the alliance e...

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Duke Energy plans to set up its first three solar energy plants in Kentucky, construction expected to materialize by the end of 2017
Date: 2017-07-19   Author: Dhananjay Punekar

Duke Energy, the reputed U.S. based electric power holding firm, has declared its plans to set up three solar power ventures in Kentucky, across the Kenton and Grant counties. A substantial amount of the construction o...

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UnitedHealth Group & AARP to extend their business partnership in a bid to improve the health of the geriatric U.S. population
Date: 2017-07-18   Author: Dhananjay Punekar

UnitedHealth Group, a U.S. based healthcare firm, has declared a corporate extension of its business relationship with American Association of Retired Persons (AARP) Incorporation, the largest non-profit institution in...

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Race Oncology raises funds worth AUD 2.5 million, specialty pharma firm to launch Bisantrene in France by the end of 2017
Date: 2017-07-17   Author: Ojaswita Kutepatil

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

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Medicare to dodge mandatory cuts in 2017, U.S social insurance program to remain solvent through 2029
Date: 2017-07-14   Author: Dhananjay Punekar

The latest buzz on the healthcare insurance grapevine is the termination of monetary cuts in the hospital care funding for the geriatric & disabled population in the U.S. As per a report released by reliable source...

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Toshiba Corp. in talks with Foxconn and Western Digital Corp over USD 18 billion chip business
Date: 2017-07-14   Author: Satarupa De

Toshiba Corp. is ready to kickstart a bidding war with its recent announcement of reviving its chip processor business worth a stupendous USD 18 billion. Reportedly, the Japanese consumer electronics giant has depicted...

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FDA’s Advisory Board to confer on the safety parameter of Novartis’s gene therapy drug for leukemia
Date: 2017-07-11   Author: Sunil Hebbalkar

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 F...

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French-based multinational Schneider Electric SE resumes talks of supposed merger with UK’s IT magnate Aveva for the third time since 2015
Date: 2017-07-10   Author: Dhananjay Punekar

Renowned French energy management & automation giant Schneider Electric SE has been planning to discuss the possibility of a merger with Aveva, a UK based IT firm, as per the reports from reliable sources. Apparent...

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AstraZeneca to attain approximately GBP 450 million via selling the commercial rights of two major drugs to key pharma firms
Date: 2017-07-05   Author: Sunil Hebbalkar

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 wid...

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GSK to enter a strategic collaboration with Exscientia to enable AI for new drug development
Date: 2017-07-03   Author: Ojaswita Kutepatil

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

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ChemChina gets approval from the European Union authorities to takeover Syngenta and seal the deal
Date: 2017-06-30   Author: Ojaswita Kutepatil

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

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Canada’s Competition Bureau approves Dow-Dupont merger post the outlined asset sales of both the chemical giants
Date: 2017-06-28   Author: Saipriya Iyer

The latest buzz that has become the talk of the industry is Canada’s affirmative nod to the strategic merger of Dow and DuPont. As per reliable sources, Canada’s Competition Bureau has given a ruling that a...

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Amazon’s NFL games’ 30- second ad packages to cost USD 2.8 million for the advertisers
Date: 2017-06-27   Author: Dhananjay Punekar

Amazon, a reputed American eCommerce & cloud computing firm, has taken over the streaming rights of the National Football League games from Twitter by paying USD 50 million to the NFL. The former has offered to cha...

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ABB aims to acquire L&T’s electrical business to enhance its overall production capacity, negotiations still on the move
Date: 2017-06-24   Author: Dhananjay Punekar

ABB Group, a Swedish-Swiss multinational firm and one of the key players of North America assembly automation market, is eager to purchase the electrical and automation segment of Larsen & Toubro Limited, the Indian ...

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Ford Motor Company to shift Focus production in China by the middle of 2019 to reduce tooling costs
Date: 2017-06-24   Author: Satarupa De

Ford Motor Company, one of the key players of global automotive market, has recently taken a decision that highlights the company’s shifting landscape of small car production. It has been reported that Ford Motor...

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Magna signs crucial contract with BMW to manufacture Series 5 plug-in hybrid vehicles
Date: 2017-06-23   Author: Sunil Hebbalkar

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 pre...

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Roquette’s investment in Northern France pea processing unit to reinforce its leadership over the global market
Date: 2017-06-23   Author: Satarupa De

Roquette, a pioneer in plant-based food ingredients, with their recent announcement of investing over EUR 40 million in their new North American pea protein processing project in Vic-sur-Aisne, is all set to add a new ...

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Royal Dutch Shell PLC and Ensco PLC to be involved in crucial M and A deals to expand their oil and gas business on a global scale
Date: 2017-06-22   Author: Dhananjay Punekar

Chevron Corporation, a renowned multinational energy corporation headquartered in California, United States, has agreed to sell all its shares in CTTR (Chevron Trinidad and Tobago Resources SRL) and in Trinling Limited...

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Walmart invests millions of dollars as a part of its portfolio upgradation plan to renovate twelve of its stores in Michigan
Date: 2017-06-22   Author: Saipriya Iyer

Global retail giant Walmart reportedly plans to invest heavily to renovate twelve of its stores in Michigan, U.S.A., as a part of upgrading the chain’s store portfolio and enhancing the growth of the online retai...

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Amazon to invade the pharmaceutical space, industry players to face tough challenges ahead
Date: 2017-06-21   Author: Saipriya Iyer

Global retail and wholesale market player, Amazon, has ambitious plans to penetrate the pharmaceutical industry. Reports state that the retail magnate has hired a renowned business lead to determine how it can enter th...

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GE to support Saudi Arabia’s Vision 2030, announces a 15-billion-dollar deal during Trump visit
Date: 2017-06-20   Author: Ojaswita Kutepatil

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

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Europe plans to construct its own set of gigafactories, sets ground for a fierce competition against Tesla
Date: 2017-06-19   Author: Saipriya Iyer

Europe plans to construct a vast number of battery-making gigafactories across the continent with a view to empower the sale of cheaper batteries for electric cars. Possibly, the plan was also aimed to compete with Tes...

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