PayPal acquires iZettle to strengthen control in in-store payments
Published: 21 hours ago   Author: Dhananjay Punekar

PayPal Holdings Inc., a U.S. based online payments firm, has decided to purchase iZettle, a Sweden-based financial tech firm for small businesses, for a valuation of USD 2.2 billion. As per sources familiar with the ma...

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Electronic protection device coatings market to accrue USD 20 billion by 2025, five trends to look out for
Date: 2018-05-18   Author: Saipriya Iyer

Electronic protection device coatings market size is reportedly expected to register a CAGR of 4.6% over 2018-2025, with the expansion of the automotive and consumer electronics sectors emerging as a major growth drive...

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Busbar market to hit USD 20 billion by 2024, five regional trends predominant in this industry
Date: 2018-05-17   Author: Saipriya Iyer

Busbar market size will reportedly surpass 4 million tons by 2024 in terms of volume, as per a report by Global Market Insights, Inc. The extensive necessity to reduce energy losses across T&D lines and the rising ...

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Embolic protection devices market valuation to surmount USD 1.8 billion by 2024, five regional trends to look out for in this industry:
Date: 2018-05-16   Author: Saipriya Iyer

Global Market Insights, Inc., forecasts global embolic protection devices market size to register a double-digit CAGR of 10% over 2017-2024. The growth reportedly, is driven by the rise in the geriatric populace across...

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Aurora Cannabis signs deal worth USD 3.2 billion to buy MedReleaf
Date: 2018-05-15   Author: Dhananjay Punekar

Aurora Cannabis Inc., a licensed producer of medical marijuana, has apparently decided to acquire MedReleaf, a notable medical cannabis manufacturer, for USD 3.2 billion in an all-stock bid. According to Neil Closner, ...

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Aerospace and defense fluid conveyance systems market valuation to hit USD 22 billion by 2024, 5 trends to watch out for:
Date: 2018-05-15   Author: Saipriya Iyer

Fluid conveyance systems market for aerospace and defense is anticipated to register a CAGR of 3% over 2018-2024, as reported by Global Market Insights, Inc. The growth apparently, will be driven by the extensive deman...

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Royal Dutch Shell to drop its stake in Amberjack Pipeline for $1.22 bn
Date: 2018-05-14   Author: Ojaswita Kutepatil

Oil major Royal Dutch Shell has recently unveiled in an announcement that it will be selling its ownership interest in the Amberjack Pipeline Company LLC. The sale deal with its subsidiary Shell Midstream Partners, L.P...

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Milk fat fractions market valuation to surpass USD 14bn by 2024, 5 pivotal trends prevalent across this industry:
Date: 2018-05-14   Author: Saipriya Iyer

Global Market Insights, Inc. reports milk fat fractions industry size to register a CAGR of 7% over 2017-2024, aided by the increasing consumption of bakery products and the rising need for crusty, flaky butter in bake...

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Global wax market share to hit USD 10 billion by 2024, 5 trends predominating this industry
Date: 2018-05-13   Author: Saipriya Iyer

Wax market, driven by the rapidly expanding packaging sector, is reportedly expected to register a CAGR of 3% over 2017-2024. Globally, the packaging industry is fueled by BRICS nations, that account for around 37% of ...

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U.S. portable generators market share to surpass $1.5 BN by 2024, 5 major trends to watch out for:
Date: 2018-05-11   Author: Saipriya Iyer

Global Market Insights, Inc., reports U.S. portable generators market size to exceed annual shipments of 1.5 million units by 2024. The rising frequency of climate-related mishaps across the country such as hurricanes ...

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Fluorspar market value to be worth more than USD 4 billion by 2024, 5 trends predominant in this industry:
Date: 2018-05-10   Author: Saipriya Iyer

Global Market Insights, Inc. forecasts the worldwide fluorspar market to register a CAGR of 4% over 2017-2024. The product’s extensive deployment in the production of steel and aluminum and its massive usage as a...

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Polyglycolic acid market share to surpass USD 9 billion by 2024, 5 major trends to watch for:
Date: 2018-05-09   Author: Saipriya Iyer

Driven by the escalating demand for advanced surgical instruments and the acceptance of PGA as a biodegradable plastic in the packaging sector, polyglycolic acid market size has been projected to register a CAGR of 4.7...

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Usakos teams with MDL to develop 200mn liters oil storage facility
Date: 2018-05-07   Author: Ojaswita Kutepatil

MDL International, provider of customized logistics solutions for O&G companies, has recently unveiled its plans to develop a fuel storage facility at the coastal town of Usakos, 180 km away from Walvis Bay on the ...

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Bombardier sells Downsview to Public Sector Pension Investment Board
Date: 2018-05-04   Author: Dhananjay Punekar

Bombardier Inc., a Canada-based airliner, has decided to sell its aircraft assembly location based in Toronto to a pension fund for raising capital. The move is apparently a part of the firm’s five-year recovery ...

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Schneider & Temasek buy L&Ts Electric & Automation division
Date: 2018-05-03   Author: Ojaswita Kutepatil

French energy management & automation solutions provider Schneider Electric SE, in collaboration with the Singapore state investment firm Temasek, has recently unveiled that it has entered into a definitive agreeme...

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Amazon in the race for acquiring 60% stake in Indian firm Flipkart
Date: 2018-05-03   Author: Dhananjay Punekar

Amazon Inc., the globally reputed eCommerce firm based in the U.S., has put forward a proposal for buying a 60% stake in Flipkart, India’s leading online retail firm. It is a second bid for Flipkart after Walmart...

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New AI powered app K aims to revolutionize the healthcare industry
Date: 2018-05-02   Author: Ojaswita Kutepatil

The New York-based app, K Health, has recently announced that it will be making its debut in the U.S. healthcare industry. Reportedly, the company has partnered with a Madison-based primary care practice – Integr...

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Alstom receives LTA contract for supply of 17 MRT trains to Singapore
Date: 2018-05-02   Author: Dhananjay Punekar

Alstom, a French firm operating in the rail transport sector, has received a contract for supplying seventeen new mass rapid transport (MRT) trains for North East MRT Line as well as Circle Line extensions in Singapore...

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Xcel Energy receives green signal for wind farms in New Mexico & Texas
Date: 2018-05-01   Author: Ojaswita Kutepatil

Xcel Energy, Inc., a utility holding company in the U.S. wind energy market has recently announced that it has secured regulatory approvals from the Public Utility Commission of Texas to make headway with its plans of ...

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Toyota invests $170 MN in Mississippi, facilitates Corolla production
Date: 2018-04-30   Author: Shikha Sinha

Toyota invests $170 MN in Mississippi, facilitates Corolla production Toyota Motor Corp., the renowned Japanese automotive giant, has recently announced an investm...

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Jugnoo enters Singapore car sharing market with reverse-bidding model
Date: 2018-04-26   Author: Ojaswita Kutepatil

India car sharing market giant Jugnoo has recently unveiled its plans to enter the Singapore ride-hailing business sphere as Uber Technologies prepares to drive off. Ever since Uber...

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DOE offers $14.5mn to accelerate R&D of geothermal energy technologies
Date: 2018-04-25   Author: Ojaswita Kutepatil

The Department of Energy (DOE) of the United States has recently announced that it will be providing funds of close to USD 14.5 million to advance the research and development activities in geothermal energy industry. ...

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Henry Schein plans to divest its animal health business unit
Date: 2018-04-24   Author: Ojaswita Kutepatil

One of New York’s leading publicly traded firm by revenue, Henry Schein Inc., has recently announced its plans to spin off its USD 3.5 billion veterinary supply business and unite it with Vets First Choice. ...

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TCS becomes India’s first IT bellwether to hit $100bn mark in a decade
Date: 2018-04-23   Author: Dhananjay Punekar

Tata Consultancy Services Limited, a notable brand name across the information technology industry, has reportedly become the first Indian firm after a span of ten years to reach the USD 100 billion market capitalizati...

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Yinson & Sumitomo team up to operate FPSO & FSO projects worldwide
Date: 2018-04-22   Author: Ojaswita Kutepatil

Yinson Holdings Berhad, a world leader in FPSO market, has recently announced that it is collaborating with a Japanese company Sumitomo Corp. The partnership is aimed at conjointly entering the business of leasing and ...

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Weir Group plans to buy out ESCO Corp. in a billion-dollar worth deal
Date: 2018-04-20   Author: Dhananjay Punekar

The Weir Group Plc, a UK based engineering firm, has decided to purchase Esco Corporation, a U.S. manufacturer of metal wear parts for mining & construction sectors, in a deal valued for more than USD 1 billion, in...

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P&G plans to buy out Merck’s consumer healthcare unit for USD 4.2bn
Date: 2018-04-20   Author: Dhananjay Punekar

Procter & Gamble, a U.S. based consumer healthcare goods firm, has decided to purchase Merck KGaA’s consumer health business for more than USD 4 billion. The acquisition is likely to provide P&G with Seve...

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TransferWise to be the first non-banking firm with a BoE account
Date: 2018-04-19   Author: Dhananjay Punekar

TransferWise, a UK headquartered peer-to-peer money transfer service has seemingly become the first non-banking institution that is granted the rights to access the inter-banking payment system of the Bank of England (...

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Facebook dragged to U.S. courts over facial recognition data consent
Date: 2018-04-18   Author: Ojaswita Kutepatil

The social networking giant Facebook of late has been constantly in the news because of the class action lawsuit it has been facing in the U.S. This time however, the company was dragged to courts over its use of facia...

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T-Mobile pays compensation over false ring tones to remote areas
Date: 2018-04-17   Author: Dhananjay Punekar

T- Mobile, a wireless network operator based in the U.S., has agreed to pay compensation worth USD 40 million over the U.S. government’s claims that the firm was unable to fix issues related to false ringtones in...

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Nexgram to distribute EVs across SEA via Zhida Group’s partnership
Date: 2018-04-15   Author: Satarupa De

Renowned Malaysia based tech behemoth, Nexgram Holdings Bhd is apparently venturing into the electric vehicle business in collaboration with a Chinese supplier. If reports are to be relied on, the company has penned do...

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Japan Team maps vast reserves of rare earth elements in deep sea mud
Date: 2018-04-12   Author: Satarupa De

In what may prove to be another milestone for APAC rare earth metals market, Japanese researchers have recently unveiled an extensive mapping project of rare earth reserves in deep sea mud. The deposit, which is found ...

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Rolls-Royce sells German division L’Orange to Woodward Inc.
Date: 2018-04-10   Author: Dhananjay Punekar

Rolls-Royce, a UK-based engine manufacturer, has reportedly sold its German unit L’Orange to Woodward Inc., one of the most pivotal aerospace & energy players, for USD 860 million. As per authentic reports, t...

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ComfortDelGro to acquire NPT in a deal worth S$30.2 million
Date: 2018-04-10   Author: Dhananjay Punekar

In a bid to expand its reach across the patient transportation sector in Australia, ComfortDelGro Corporation has agreed to purchase a stake in the National Patient Transport (NPT) in Australia. The multinational land ...

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Ofcom raises over £1 billion via auction of 34 lots of spectrum
Date: 2018-04-08   Author: Ojaswita Kutepatil

UK telecommunication regulator Ofcom has recently announced that it has raised close to GBP 1.35 billion (USD 1.89 billion) via an auction of spectrum in two frequency bands - 2.3-GHz (4G) and 3.4-GHz. Apparently, the ...

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Pavilion Capital to invest nearly S$50 million in Ezion Holdings
Date: 2018-04-07   Author: Dhananjay Punekar

Ezion Holdings, a Singapore based firm operating across oil & gas business, is predicted to raise nearly S$50 million through the issuing of shares to its strategic shareholder Temasek Holdings. According to authen...

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Santos to engage with Harbour post its $10.4 billion acquisition bid
Date: 2018-04-03   Author: Dhananjay Punekar

Santos Limited, an Australian gas producer, has reportedly declared that it will collaborate with Harbour Energy, a U.S. based energy investment firm, after a USD 10.4 billion acquisition proposal put forward by the la...

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EnergyAustralia inks deal to buy two Ecogen gas power units from IFM
Date: 2018-04-02   Author: Dhananjay Punekar

EnergyAustralia, a power-generating & gas retailing private firm based in Australia, has entered into a USD 205 million deal with IFM for purchasing two Ecogen gas power units. As per the terms & conditions sta...

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HGS to purchase 57% stake in Element Solutions for $5 million
Date: 2018-04-01   Author: Dhananjay Punekar

Hinduja Global Solutions (HGS) has declared that its subsidiary HGS UK Limited is likely to buy out a 57% ownership in Element Solutions, a digital consulting solutions firm. The company sources have claimed that the v...

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GSK acquires stake in Novartis’s consumer healthcare business
Date: 2018-03-28   Author: Dhananjay Punekar

GlaxoSmithKline, a renowned pharmaceutical giant, has announced that it will acquire 36.5% of the ownership rights in Novartis’s consumer healthcare venture for USD 13 billion in cash.  For the record, last ...

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Annica Holdings to buy a 25.79% stake in Green Pluslink Sdn Bhd
Date: 2018-03-26   Author: Dhananjay Punekar

Annica Holdings Limited, an investment holding firm based in Singapore, has announced that it will purchase nearly 25.79 % shares of Green Pluslink Limited (GPL). Incidentally, this company has recently acquired a wast...

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Coillte to sell its stake in wind farms for nearly €125 million
Date: 2018-03-24   Author: Dhananjay Punekar

Coillte, a commercial forestry firm in Ireland, is planning to sell its stake in four wind farms for nearly €125 million. Reportedly, the sales procedure is likely to explore the interest of the investors in purch...

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Khazanah plans to purchase Prince Court Medical Centre from Petronas
Date: 2018-03-23   Author: Dhananjay Punekar

Khazanah Nasional Bhd, a sovereign wealth fund of the Malaysian Government, is planning to acquire a 100% ownership of the Prince Court Medical establishment from Petroliam Nasional Berhad for improving the healthcare ...

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Google teetering on the edge of buying light-field camera maker Lytro
Date: 2018-03-22   Author: Dhananjay Punekar

Google has recently made it to the headlines for its decision to acquire Lytro Inc., a U.S. based firm which develops light-field cameras. The purchase deal is likely to be valued within the range of USD 25 million to ...

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Walmart & FedEx partner to compete against Amazon in retail business
Date: 2018-03-21   Author: Dhananjay Punekar

In what may seem to be a major boost to the global retail sector, Walmart Inc., one of the renowned American retail giants, has announced its decision to team up with FedEx Corporation, a U.S. based courier delivery se...

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Organic ice cream industry progression to be characterized by extensive product upgradation bids, technological advancements to alter the industry landscape
Date: 2018-03-21   Author: Saif Ali Bepari

The traditional ice cream vendors have been encountering challenges in terms of commercialization potential, of late. However, ...

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Walmart to invest USD 7 billion in Flipkart’s eCommerce business
Date: 2018-03-18   Author: Dhananjay Punekar

Walmart Inc., the reputed U.S. based retail corporation, is likely to enter into a USD 7 billion worth agreement with Flipkart, an eCommerce firm headquartered in India. According to industry experts, this strategic mo...

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Shell New Zealand officially sold to OMV for USD 578 million
Date: 2018-03-16   Author: Dhananjay Punekar

OMV, an integrated oil & gas firm based in Vienna, has purchased Shell New Zealand, the NZ subsidiary of Royal Dutch Shell Plc for USD 578 million. Shell New Zealand, reportedly, has also decided to sell the intere...

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InterChem’s GBP 1mn fund may help to spike new polymer production
Date: 2018-03-14   Author: Sunil Hebbalkar

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 ...

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Geely buys major stake in Proton to boost its vehicle production
Date: 2018-03-13   Author: Dhananjay Punekar

Zhejiang Geely Holding Group, a Chinese automobile manufacturing firm, has purchased a major stake in Proton Holdings Berhad, a Malaysian firm involved in vehicle design, production, sales, & distribution activitie...

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VW’s latest emission charge to hamper its stance in automotive market
Date: 2018-03-12   Author: Sunil Hebbalkar

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 fi...

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Ingevity acquires Georgia-Pacific’s pine chemicals business
Date: 2018-03-09   Author: Saif Ali Bepari

Renowned specialty chemicals and high-performance carbon materials manufacturer, Ingevity Corporation, has recently announced to have acquired pine chemicals business unit of Georgia-Pacific. Reportedly, the latest tak...

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DuPont Tate & Lyle expands bio-based propanediol production
Date: 2018-03-08   Author: Paroma Bhattacharya

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

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Denso-TrackX deal to deliver advanced solutions in automotive industry
Date: 2018-03-07   Author: Dhananjay Punekar

TrackX Holdings Incorporation, a global provider of enterprise IIoT (Industrial Internet of Things) software platforms, has apparently signed an agreement with DENSO Products and Services Americas (DPAM). This strategi...

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Xiaomi to introduce its smartphones in the U.S. market by 2018
Date: 2018-03-06   Author: Dhananjay Punekar

Xiaomi Inc., a Chinese electronics & software firm, is likely to enter the U.S. smartphone market next year or by the end of 2018. The firm had already commenced its smart phone production activities in India, West...

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Coolpad penetrates wearables sector via partnership with Qualcomm
Date: 2018-03-03   Author: Saif Ali Bepari

At the ongoing Mobile World Congress (MWC) 2018, China based smartphone manufacturer Coolpad has apparently announced that it has paired up with renowned chipmaker Qualcomm to enter the smart wearable gadgets market. A...

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J&J Innovation provides S$5m in World Without Disease Research Grants
Date: 2018-03-02   Author: Saif Ali Bepari

In its persistent efforts to accelerate the pace of life science research around the world, Johnson & Johnson Innovation has recently announced the names of three contestants that would receive S$5.1 million for th...

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Okogen to receive over $10mn from MRCF through Series A funding
Date: 2018-03-01   Author: Dhananjay Punekar

Brandon Capital’s Medical Research Commercialization Fund (MRCF), one of the biggest life science investment fund firms in New Zealand & Australia, has reportedly made investments worth USD 10 million in Okogen...

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GKN spurns Melrose’s offer, diverges business units thereafter
Date: 2018-02-28   Author: Dhananjay Punekar

GKN PLC, a UK based multinational automotive & aerospace component manufacturing firm, has reportedly announced the demerger demerging of its automobile & aerospace divisions by the second half of next year. Th...

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Vodafone & Samsung collaborate to introduce new smart home solutions
Date: 2018-02-27   Author: Dhananjay Punekar

The British Telecom firm Vodafone Group has decided to join hands with Samsung Electronics to create and introduce a variety of smart home services in the consumer electronics market. Vodafone is likely to be Samsung&r...

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BHP & ExxonMobil bow out from the sale of Bass Strait Oil assets
Date: 2018-02-24   Author: Dhananjay Punekar

ExxonMobil Corporation, a U.S. based oil & gas firm, and BHP, the trade body of BHP Billiton Limited and BHP Billiton plc, have apparently decided not to sell their Bass Strait oil assets. Ironically in 2016, both ...

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Indonesia becomes first Asian nation to sell green bonds worth $1.25bn
Date: 2018-02-23   Author: Dhananjay Punekar

In what may be touted as a major step toward the reduction of greenhouse effects, the Indonesian government has decided to sell green bonds in a USD 1.25 billion transaction. Reports claim that this is the first initiat...

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MHI Thermal Systems unveils 19 new air conditioners in Japan market
Date: 2018-02-19   Author: Satarupa De

Mitsubishi Heavy Industries Thermal Systems Ltd., the subsidiary owned by the globally renowned Mitsubishi Heavy Industries is on its way to launch 19 advanced air conditioner models in its home ground.  As claime...

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Google acquires LogMeln’s Xively to expand its cloud business
Date: 2018-02-16   Author: Satarupa De

In what can be touted as an attempt to reinforce its cloud business, Google, this Thursday, has apparently declared its plan of buying the IoT software provider, Xively.  Reportedly, the American internet search g...

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Grupo Modelo pours in USD 5mn for Aguascalientes center expansion
Date: 2018-02-15   Author: Saipriya Iyer

Grupo Modelo, the globally renowned Mexico-based brewery, has recently declared its decision to invest close to USD 5 million for one of its facility expansion plans. If reports are to be believed, this subsidiary owne...

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Vascutek utilizes funds worth £33mn to expand its manufacturing base
Date: 2018-02-13   Author: Dhananjay Punekar

Vascutek Limited has apparently decided to set up two cleanrooms & a sterilization suite at Inchinnan, where its manufacturing base is located. The Terumo Group firm that designs, manufactures & markets vascula...

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East Ventures participates in Warung Pintar’s $4mn funding round
Date: 2018-02-12   Author: Sunil Hebbalkar

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 Ventu...

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Kroger sells its convenience store business for USD 2.15 billion
Date: 2018-02-06   Author: Dhananjay Punekar

The Kroger Company, one of the largest supermarket chains in the U.S., has apparently decided to sell nearly 800 of its convenience stores to the EG Group. The sale has been estimated at USD 2.15 billion, as per ...

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Nissan to invest USD 9 billion in China electric vehicle market
Date: 2018-02-05   Author: Dhananjay Punekar

Nissan Motor Company Limited, a Japanese car manufacturer, has apparently decided to pour in nearly USD 9 billion in China in a bid to dominate the country’s electric vehicle market share. According to the Presid...

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EDBI to be a part of Moderna’s funding for innovative drug discovery
Date: 2018-02-02   Author: Dhananjay Punekar

EDBI, a dedicated corporate investment segment of the Singapore Economic Development Board, is apparently on the verge of making an investment in Moderna Therapeutics, a U.S. based biotech firm, along with numerous oth...

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Meridian inks three power supply agreements with Powershop
Date: 2018-02-01   Author: Dhananjay Punekar

Meridian Energy Limited, a New Zealand based power generating & supplier firm, has signed three power supply contracts with Powershop, an Australian online electricity retailer. Reports cite that according to the d...

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VMware may acquire its parent firm Dell via reverse merger agreement
Date: 2018-01-30   Author: Dhananjay Punekar

In a bid to trade publicly without formal listing, Dell Technologies Inc., has apparently decided to sign a reverse merger pact with VMware – the 60-billion-dollar worth cloud computing subsidiary of Dell Technol...

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STAAH-Valoot collaboration to offer WeChat Pay to its users
Date: 2018-01-28   Author: Dhananjay Punekar

STAAH Limited, a New Zealand based tech firm that offers cloud-based hospitality distribution services, has integrated the most preferred payment option WeChat Pay for Chinese tourists via Valoot’s gateway soluti...

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HBAN-DIA collaborate to invest nearly USD 3.75 mn in Irish firms
Date: 2018-01-27   Author: Ojaswita Kutepatil

Halo Business Angel Network (HBAN), an Ireland based dedicated, all-island umbrella group for business angel networks, has recently announced that it has inked its first overseas partnership with the Digital Irish Ange...

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SwipedOn to expand business post USD 1 million capital raise
Date: 2018-01-26   Author: Ojaswita Kutepatil

SwipedOn, a Tauranga-based software firm has recently announced that it has raised over USD 1 million after hitting a revenue mark of the same value in annual sales. Reportedly, this million-dollar capital, raised by t...

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StoreHub raises $5.1 million to expand its business in Southeast Asia
Date: 2018-01-25   Author: Dhananjay Punekar

StoreHub, a retail startup firm based in Malaysia, has reportedly raised funds worth USD 5.1 million through capital investors such as Cradle Seed Ventures, Fintonia, Vertex Ventures, and Accord Ventures. Reports state...

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Facebook acquires Confirm Inc. to confirm user identities
Date: 2018-01-24   Author: Dhananjay Punekar

Social media giant Facebook has decided to purchase Confirm Inc., a Boston based software firm with expertise in verifying I-cards issued by the government authorities. Sources claim that FB’s strategic decision ...

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Parcel Perform raises funds worth $ 1.1 million through seed funding
Date: 2018-01-23   Author: Dhananjay Punekar

The Singapore based eCommerce logistics startup, Parcel Perform has reportedly raised around USD 1.1 million through seed funding. As per reliable sources, the funds were collected from Wavemaker Partners and the South...

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NIIF & DP World expend $3 billion for India’s infrastructural growth
Date: 2018-01-22   Author: Dhananjay Punekar

The National Investment & Infrastructure Fund Limited of India and DP World Limited, a global marine & inland terminal operator headquartered in Dubai, have reportedly decided to invest funds worth USD 3 billio...

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Malaysia’s PNB to purchase Battersea Power Station for £1.6 billion
Date: 2018-01-19   Author: Dhananjay Punekar

Malaysia’s foremost sovereign wealth investment firm, Permodalan Nasional Berhad (PNB) along with Employee Provident Fund (EPF) organization of the country are reportedly set to buy out Battersea Power Station fo...

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Rolls-Royce plans to sell its loss-making commercial marine business
Date: 2018-01-18   Author: Dhananjay Punekar

The globally reputed automotive giant, Rolls-Royce has reportedly declared that it plans to sell its commercial marine business unit, which the firm claims to have been affected severely due to its lower demand across ...

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Nestle to sell its confectionery business in the U.S. to Ferrero
Date: 2018-01-17   Author: Dhananjay Punekar

Ferrero SpA, one of the world’s biggest chocolate manufacturing and confectionery firm, is planning to buy Nestle’s U.S. confectionery business for USD 2.8 billion. With the former already having signed two...

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Ford to expend USD 11 bn for electrifying its entire product range
Date: 2018-01-15   Author: Dhananjay Punekar

The Ford Motor Company, a U.S. based automotive giant, is anticipated to invest USD 11 billion in the electric vehicle sector by 2022. As per reports, the estimated figure is bigger than its previously declared capital...

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MOL to expand its One2Pay online mobile payment business by 2018
Date: 2018-01-11   Author: Dhananjay Punekar

MOL AccessPortal Sdn. Bhd., which creates and operates an online micropayment system, enabling users to purchase products & services digitally, is planning to increase the scope of its mobile wallet application One...

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Smartphone distribution agreement between Huawei and AT&T ends
Date: 2018-01-10   Author: Dhananjay Punekar

In what may be touted as a major jolt to Huawei Technologies’ aim of expanding its smartphone business across the U.S., the agreement between the firm and AT&T Incorporation to sell the former’s smartph...

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Ripple & Bitcoin lead the tumble of cryptocurrencies in stock market
Date: 2018-01-09   Author: Dhananjay Punekar

In a breakthrough witnessed across the cryptocurrency market, the value of digital currencies declined considerably yesterday with Ripple and Bitcoin taking the lead. As per authentic sources, the shares of former trad...

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AHG to buy two car dealerships worth $7.5 million in New Zealand
Date: 2018-01-08   Author: Dhananjay Punekar

In what may be touted as a major boost to the NZ automobile industry, Automotive Holdings Group (AHG), an Australian based firm involved in the auto retail business, has purchased two car dealerships in Auckland for US...

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Billabong gives the nod for the firm’s takeover by Boardriders
Date: 2018-01-05   Author: Satarupa De

Iconic Australian surf brand, Billabong International Limited, this Thursday, has made it to the headlines with its announcement of entering into an agreement with Boardriders, in a bid to sell the company for almost U...

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Petrobras agrees to pay $3 bn to U.S investors for claim settlement
Date: 2018-01-04   Author: Dhananjay Punekar

Petróleo Brasileiro SA, a Brazil based firm in the petroleum business, has announced that it will pay USD 2.95 billion to the U.S investors who had lost their currency owing to the eruption of corruption scandal...

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Roku to launch its own voice assistant for business expansion
Date: 2018-01-04   Author: Dhananjay Punekar

In a key breakthrough witnessed across the consumer electronics industry, Roku Incorporation has stated that it plans to develop its own voice assistant and make it available to Roku TV owners free of cost. Major offic...

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GFG bids for coking coal assets, plans to buy Glencore’s Tahmoor mine
Date: 2018-01-02   Author: Satarupa De

In a bid to establish a strong presence in Australia, GFG alliance, the British conglomerate, apparently, is in talks to acquire to Glencore Plc’s Tahmoor coal mine located in New South Wales. As reported, the la...

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Oppo to commence SIM-free smartphone sale in Japan from 2018
Date: 2017-12-29   Author: Dhananjay Punekar

Oppo Electronics Corporation, a China based consumer electronics firm and a key player across China smartphone industry, is reportedly on the verge of selling SIM-free mobile handsets in Japan. As per reliable sources,...

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Cairn India Holdings to acquire more than 50% stake in AvanStrate
Date: 2017-12-28   Author: Paroma Bhattacharya

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

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Statoil submits proposal for subsidy free offshore wind tender
Date: 2017-12-28   Author: Dhananjay Punekar

Statoil ASA, the reputed Norway-based oil & gas firm, has submitted a proposal to acquire a 760 MW offshore wind project in the North Sea area of The Hollandse Kust Zuid Wind Farm in Netherlands. According to relia...

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Ascential’s Clavis takeover to enhance the former’s earnings
Date: 2017-12-27   Author: Dhananjay Punekar

Ascential, a UK based B2B media and information services firm, has acquired Clavis Insight, an eCommerce analytics firm headquartered at Dublin in Ireland, for nearly USD 219 million. As per reliable sources, in 2018, ...

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Myntra remodels AI platform to penetrate the billion-dollar space
Date: 2017-12-26   Author: Dhananjay Punekar

Myntra, an Indian fashion eCommerce firm, is apparently aiming toward transforming its AI technology platform into a massive business that may churn out revenues in billions. According to experts, Rapid technology, Myn...

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Datong plans to invest 2.3bn yuan in Tainan to build solar power plant
Date: 2017-12-22   Author: Sunil Hebbalkar

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 s...

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Didi Chuxing receives $4 bn funding to promote business innovations
Date: 2017-12-21   Author: Sunil Hebbalkar

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 raise...

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Solid Power and BMW ink contract to manufacture solid state batteries
Date: 2017-12-19   Author: Dhananjay Punekar

BMW Group, a reputed firm across the automotive sector, and Solid Power, a key manufacturer of new solid state rechargeable batteries, have entered a strategic collaboration for developing & promoting the use of So...

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Tencent & JD.com to jointly invest $863 in e-fashion retailer Vipshop
Date: 2017-12-18   Author: Paroma Bhattacharya

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

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Oil major BP returns to solar market with $200m stake in Lightsource
Date: 2017-12-15   Author: Ojaswita Kutepatil

In what stands to be a significant solar partnership, UK oil and gas giant, British Petroleum, has recently announced that it would buy 43% stake in solar energy firm Lightsources for a total of USD 200 million. If sou...

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ExxonMobil to reveal the impact of global warming on its business
Date: 2017-12-13   Author: Dhananjay Punekar

ExxonMobil, a U.S. based oil & gas corporation, has officially declared its plan to frequently publish information with regards to how climatic changes can impact its business and what policies the company would be...

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Australian Labor Party plans to invest USD 53 million on PrEP drug
Date: 2017-12-12   Author: Dhananjay Punekar

The Labor Opposition in Australia has unveiled its plans to invest nearly USD 53 million for conducting more clinical trials on PrEP, an effective medicine endowed with the ability to prevent HIV contraction. According...

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Cleanaway to buy rival Tox Free Solutions in a $671 million takeover
Date: 2017-12-11   Author: Ojaswita Kutepatil

Cleanaway, a leading player across waste management and recycling industry, has reportedly struck a million-dollar agreement to buy its minority rival Tox Free Solutions. According to reports, Cleanaway is expected to ...

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AWE’s shares rise as CERCG announces higher takeover bid of $463 mn
Date: 2017-12-08   Author: Sunil Hebbalkar

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...

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OG Oil & Gas makes yet another purchase bid for NZOG company
Date: 2017-12-05   Author: Dhananjay Punekar

OG Oil & Gas, an oil & gas division of Ofer Global, has apparently prolonged its partial acquisition bid of New Zealand Oil & Gas (NZOG) firm yet again, stating that the deal requires more time to secure ap...

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Blackberry to pay Nokia $137 million to settle a contract dispute
Date: 2017-12-04   Author: Saif Ali Bepari

In what seems to be an endless legal dispute between Nokia and Blackberry, that has been hitting the headlines since February this year, the latter has now been pulled up by the International Court of Arbitration by or...

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FedEx may purchase nearly 100 of Cessna’s new freight aircrafts
Date: 2017-11-29   Author: Dhananjay Punekar

Cessna, a U.S. based airplane manufacturing firm and a subsidiary of Textron, has divulged a new design referred as Sky Courier for miniature freighter & passenger airplanes. According to authentic sources, FedEx C...

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Uber issued ultimatum to terminate private services in Israel
Date: 2017-11-28   Author: Dhananjay Punekar

In what may seem to be a major event witnessed across the car sharing sector, the Tel Aviv Court in Israel has issued a verdict banning Uber services in Israel, citing the reason that the company was providing the serv...

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FortisBC to supply for Canada’s first LNG shipment to China
Date: 2017-11-24   Author: Satarupa De

This Thursday, Canada’s LNG export market has apparently reached a new milestone with the news of its first shipment of 950 GJ of liquified natural gas to China.  Reportedly, for the project, FortisBC’...

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Apple Inc. purchases augmented reality headset startup firm Vrvana
Date: 2017-11-22   Author: Dhananjay Punekar

Renowned American tech conglomerate, Apple Incorporation has purchased the startup firm Vrvana, manufacturer of Totem headsets, for a valuation of USD 30 million. The buyout was apparently aimed at the expansion of the...

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Alibaba acquires more than 33% stake of hypermarket operator Sun Art
Date: 2017-11-20   Author: Saif Ali Bepari

In its relentless efforts to expand its footprint in the brick and mortar retail space, Alibaba Group Holding Limited has now acquired more than one-third of Sun Art Retail Group, regarded as China’s largest hype...

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Nestle announced its decision to overhaul infant nutrition business
Date: 2017-11-16   Author: Satarupa De

In what may be touted as an attempt to prioritize on faster growing business verticals, Nestle, the food and beverage giant has apparently declared its decision to reorganize its infant-nutrition division, especially a...

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Tesco’s Booker acquisition receives UK regulator’s provincial approval
Date: 2017-11-15   Author: Satarupa De

Tesco’s takeover of Booker, the food wholesale operator, in a bid worth USD 4.9 billion, has been provisionally cleared by the UK competition watchdog, this Thursday. Reportedly, an in-depth investigation has bee...

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Amazon to sell some of its cloud solutions to the China-based Sinnet
Date: 2017-11-14   Author: Dhananjay Punekar

Amazon Web Services (AWS) is apparently selling a part of its cloud business to the Chinese firm Beijing Sinnet Technology for a valuation of around USD 301 million. The decision was taken in the wake of the strict imp...

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Bill Gates to build smart city in Arizona, buys land worth $80 million
Date: 2017-11-13   Author: Dhananjay Punekar

Bill Gates’s Cascade Investment LLC, has apparently decided to acquire nearly 25,000 acres of land located in the remote area of Tonopah in Arizona for USD 80 million to build a smart city for the future. The pro...

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Qualcomm inks multi-billion-dollar deal with Chinese handset makers
Date: 2017-11-10   Author: Sunil Hebbalkar

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 a...

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BCE forays into connected home market with AlarmForce acquisition
Date: 2017-11-08   Author: Satarupa De

BCE Inc., the telecom behemoth, is apparently pushing its connected home business portfolio with the acquisition of AlarmForce, the Canada based home security and home automation giant for a valuation worth USD 166 mil...

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Tesla buys Minneapolis based Perbix to combat automation challenges
Date: 2017-11-07   Author: Satarupa De

The leading American automaker, Tesla, Inc., has reportedly, confirmed the acquisition of Perbix, the automated machine maker, in a bid to ramp up the production of its new model. Experts claim that the deal stands on ...

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Qatar Airways procures 9.6% stake in Cathay Pacific Airways
Date: 2017-11-06   Author: Satarupa De

The renowned Middle East airline, Qatar Airways, has recently announced its plans to buy a 9.6% stake in Cathay Pacific. Reportedly, the Doha based airline will complete the deal by buying Cathay’s stake from Hon...

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Cisco pioneers AI-powered voice assistant for meetings
Date: 2017-11-03   Author: Sunil Hebbalkar

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, s...

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Chrysaor becomes one of largest UK O&G producers with Shell’s assets
Date: 2017-11-02   Author: Ojaswita Kutepatil

Royal Dutch Shell has finalized a total of up to USD 3.8 billion sale of a package of its North Sea assets to Chrysaor. Reportedly, the sale includes an initial consideration of USD 3 billion upfront with a further pay...

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Appleby’s data breach brings Glencore’s Congo investment to the fore
Date: 2017-10-31   Author: Sunil Hebbalkar

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 re...

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GM settles lawsuit with California county for USD 13.9 million
Date: 2017-10-30   Author: Ojaswita Kutepatil

General Motors Co has reportedly agreed to pay USD 13.9 million to settle a lawsuit brought forth by the Orange County, California, which accused the auto giant for hiding safety defects in millions of its vehicles. The ...

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Uber launches a reward-assisted credit card for its customers
Date: 2017-10-26   Author: Sunil Hebbalkar

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 confere...

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Apple purchases PowerbyProxi to expand its product portfolio
Date: 2017-10-25   Author: Dhananjay Punekar

Reputed tech giant, Apple Incorporation has announced the acquisition of PowerbyProxi, a New Zealand based firm providing wireless power transfer & charging services for its end users, with a view of introducing wi...

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GSK wins approval from the U.S. FDA for shingles vaccine
Date: 2017-10-24   Author: Sunil Hebbalkar

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-...

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Vitol to buy Noble’s oil liquid business for USD 580 million
Date: 2017-10-23   Author: Satarupa De

Embattled commodity trader, Noble Group has recently agreed to sell its U.S. based oil business to Vitol in a bid to pare down debt, amidst speculations of former having faced a major blow in the third quarter. Reporte...

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Shell to acquire electric vehicle charging major NewMotion
Date: 2017-10-16   Author: Dhananjay Punekar

Royal Dutch Shell Plc, an oil & gas behemoth, has announced its decision to acquire NewMotion, one of the leading players across Europe electric vehicle charging market to expand its service offering. The acquisiti...

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HAS approves improved vaccine Gardasil 9 for cervical cancer
Date: 2017-10-12   Author: Sunil Hebbalkar

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...

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Pfizer contemplates a partial sale of its consumer healthcare business
Date: 2017-10-11   Author: Saipriya Iyer

Globally acclaimed American pharma giant, Pfizer Inc., has made it to the front page for its speculation over offsetting its consumer healthcare business. The New York headquartered pharmaceutical industry player has c...

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Saudi Aramco expands in India’s growing oil market, launches a new unit in Gurgaon
Date: 2017-10-09   Author: Satarupa De

Saudi Aramco is on the verge of expanding its oil venture in India with the official launch of its recent unit near Delhi, as the global oil exporter seeks to tap opportunities in one of the world’s largest energ...

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Softbank to pour capital in Uber, ride hailing company paves way for major investment
Date: 2017-10-05   Author: Dhananjay Punekar

Japan-based Softbank Group Corporation, one of most renowned internet & telecommunications industry giant, has been planning to bankroll nearly USD 1.3 billion in Uber, the most acclaimed ride-sharing multinational...

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Metro Inc. to acquire Jean Coutu Group Inc. to expand its business operations across Quebec
Date: 2017-10-03   Author: Dhananjay Punekar

Metro Incorporation, a leading Canadian player across food & pharmaceutical industry, has offered USD 4.5 billion to acquire Jean Coutu Group Incorporation, a pivotal participant in Canada pharmaceutical industry. ...

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Volkswagen to amass cobalt reserves as it pivots away from diesel to electric vehicles
Date: 2017-09-28   Author: Ojaswita Kutepatil

Amidst the strategic shift to reorient itself toward electric vehicles, Volkswagen, the renowned German carmaker is securing long-term contracts for supplies of cobalt. The company has asked reputed cobalt producers to...

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General Motors to further penetrate wind energy market, reveals plans to purchase wind farms
Date: 2017-09-20   Author: Saipriya Iyer

Acclaimed automaker General Motors has made it to the front page for its announcement of making a substantial investment in wind power. The company’s declaration comes on the heels of its yesteryear disclosure of...

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Arla expands business within the African frontiers, establishes new facility in Ghana
Date: 2017-08-31   Author: Saipriya Iyer

Renowned European dairy behemoth, Arla, has announced its decision of expanding its footprints in the Sub-Saharan African belt, by means of establishing a new sales and packaging facility in the Republic of Ghana. This...

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Google and Walmart establish strategic partnership in a bid to challenge Amazon
Date: 2017-08-23   Author: Ojaswita Kutepatil

Of late, the online retail industry giants are under constant limelight as they are moving forward to keep pace in the race for online retail and e-commerce. Walmart is already seen pushing itself and taking steps to c...

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Anatara Lifesciences Ltd. announces commercial agreement with Zoetis for the development of Detach®
Date: 2017-08-22   Author: Sunil Hebbalkar

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...

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Volkswagen announces the revival of its iconic microbus that is seemingly all-electric
Date: 2017-08-21   Author: Sunil Hebbalkar

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 ...

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Volkswagen plans to start its own MQB platform post the termination of partnership plans with Tata motors
Date: 2017-08-16   Author: Sunil Hebbalkar

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...

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Amazon plans to offer event tickets in the U.S., in talks to make a massive foray in U.S. ticketing market
Date: 2017-08-11   Author: Saipriya Iyer

Global retail behemoth, Amazon Inc., has been debating about penetrating U.S. ticketing industry, and reportedly, has been looking out to join forces with prominent venue owners in the United States to sell event ticke...

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SoftBank to salt away a humongous capital of USD 1 billion in sports e-commerce firm, Fanatics
Date: 2017-08-09   Author: Ojaswita Kutepatil

Reputed online retailer Fanatics has been fortunate enough to have its name enlisted among the latest companies to receive funding from SoftBank. As per reliable sources, Softbank has made a massive investment of USD 1...

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Alibaba teams up with China Unicom to expand its presence in the telecom sector by seeking SME brands
Date: 2017-08-02   Author: Satarupa De

In a bid to respond to the communication demand of myriad small and medium scale business enterprises across China, e-commerce giant Alibaba Group, is ready to bet big in the nation’s telecom space.  Though ...

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AstraZeneca inks oncology partnership with Merck post the former’s disastrous failure of the Mystic trial
Date: 2017-07-28   Author: Saipriya Iyer

AstraZeneca and Merck have jointly entered into a strategic oncology collaboration with an aim to collectively develop and commercialize AstraZeneca’s Lynparza oral poly ADP ribose polymerase (PARP) inhibitor for...

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Refresco announces the acquisition of Cott Corporation’s beverage business for USD 1.25 billion
Date: 2017-07-26   Author: Sunil Hebbalkar

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 i...

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Amazon to penetrate global B2B market, stretching beyond its conventional consumer base
Date: 2017-07-25   Author: Satarupa De

Having sustained for almost two decades in the online retail space, the contribution of the multibillion dollar behemoth, Amazon, has been magnificent in the e-commerce industry. Anticipating the same success as their ...

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Baidu & JD.com to join peers Alibaba and Tencent in uplifting China Unicom
Date: 2017-07-24   Author: Ojaswita Kutepatil

Two of China’s biggest technology firms, Baidu and JD.com have recently lined up with other major Chinese companies including Tencent and Alibaba, for jointly investing USD 12 billion in the state-owned company -...

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Sanofi strikes a billion-dollar deal with Ablynx to develop nanobodies for immune-mediated inflammatory disorders
Date: 2017-07-21   Author: Sunil Hebbalkar

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 in...

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Unilever & Hormel Foods engaged in a ferocious corporate brawl to acquire Reckitt Benckiser’s food section
Date: 2017-07-18   Author: Saipriya Iyer

The latest word on the street is that of Unilever and Hormel Foods Corp., engaged in a relentless tug of war to acquire the food business of British conglomerate, the Reckitt Benckiser Group. Casting aside any semblanc...

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General Motors ties up with Uber for the pilot testing of Maven, its car-sharing operation in Australia
Date: 2017-07-17   Author: Sunil Hebbalkar

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 sl...

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Uber pulls off a phenomenal move, ride hailing giant to partner with Yandex for combined business interests
Date: 2017-07-14   Author: Saipriya Iyer

In what seems to be one of the most monumental deals of recent times, world-renowned ride hailing behemoth Uber has joined hands with Russian tech titan, Yandex, to lay the foundation of a new yet-to-be-titled venture ...

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Toyota plans to invest heavily in cutting-edge technology, automotive giant to spend USD 100 million in AI & robotic startups
Date: 2017-07-14   Author: Saipriya Iyer

Toyota, the well-established automotive behemoth, has officially laid the foundation to launch Toyota AI Ventures, a subsidiary that has been formed to exclusively cater to startup technology firms which center their r...

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AstraZeneca to expand its production plant in Sydney, pharma giant aims to boost exports over the next half a decade
Date: 2017-07-12   Author: Sunil Hebbalkar

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 medic...

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Faraday Future’s plans of constructing a billion-dollar electric car factory in Nevada come to a grinding halt
Date: 2017-07-11   Author: Dhananjay Punekar

Well-known technology start-up involved in the production of intelligent vehicles has put a temporary veil on the construction of its manufacturing plant in Nevada worth USD 1 billion. Reports state that the unfortunat...

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France to cease the production of gas & diesel-powered vehicles by 2040 in a bid to reduce global GHG emissions
Date: 2017-07-10   Author: Dhananjay Punekar

France has decided to banish the production and sale of cars that run on diesel and gasoline, by the end of 2040. Reportedly, this is one of the key steps taken by this developed economy for curbing greenhouse gas emis...

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Halliburton Co. acquires Summit ESP to strengthen its artificial lift business
Date: 2017-07-07   Author: Satarupa De

In a bid to hone its artificial lift business, Houston-based oilfield services giant, Halliburton Co. has recently announced that it plans to acquire Summit ESP Inc., the renowned American oilfield equipment provider h...

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Laboratorio Teuto buys Pfizer’s 40% stock in the company, American pharma giant bids adieu to Brazil’s generic drug-making business
Date: 2017-07-06   Author: Saipriya Iyer

Pfizer’s exit from the Brazil pharma business sphere is seemingly reminiscent of the end of an era. As per reliable news reports, Pfizer’s 40% stake sale has stemmed from the company’s inability to fi...

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GE’s acquisition of Baker Hughes consolidates the former’s position in oilfield service market
Date: 2017-07-05   Author: Shikha Sinha

General Electric’s procurement of Baker Hughes, one of the largest oilfield services company, is lucidly a coup for General Electric, making it the second largest oilfield service provider company following Schlu...

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Samsung declares investments of nearly USD 18.6 billion in South Korea to further expand its memory chip & smartphone display business
Date: 2017-07-04   Author: Dhananjay Punekar

Samsung Electronics, a multinational electronics corporation based in South Korea, has decided to make extensively huge investments in South Korea. The move, which is a part of the firm’s corporate social respons...

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Alibaba’s purported voice assistant to capture Amazon Echo’s footprints across China
Date: 2017-07-03   Author: Sunil Hebbalkar

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, e...

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Amazon finally strikes a ‘pilot partnership’ deal with Nike, sportswear giant likely to reclaim U.S. market share
Date: 2017-06-30   Author: Shikha Sinha

The e-commerce industry witnessed another coup with the collaboration of Nike and Amazon that will enable the former to sell its product directly through the online retail giant. Once dubbed as ‘retail rivals&rsq...

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Sycamore bets big amidst the U.S. retail turmoil, declares acquisition of Staples for USD 6.9 billion
Date: 2017-06-29   Author: Shikha Sinha

This Wednesday encountered one of the biggest pacts of 2017 in the retail space with Sycamore announcing the acquisition of Staples, the U.S. office supplies chain for a valuation of USD 6.9 billion. Sycamore would pay...

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Nestle’s move to sell its stake in L’Oréal may lead to the cosmetics giant divesting its holding in Sanofi
Date: 2017-04-28   Author: Dhananjay Punekar

Nestle S.A., the renowned Swiss based multinational food & drink organization, is expected to sell its stake in L’Oréal back to the French cosmetics firm. The speculation has come into being after Dani...

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Avis to extend maintenance services to Waymo’s autonomous fleet
Date: 2017-06-27   Author: Shikha Sinha

Waymo, the self-driving car division of Alphabet, Inc., Google’s parent company, has signed a multi-year deal with Avis Budget Group, following which the car rental firm would provide maintenance services to Waym...

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BMW i Ventures and AI Gore jointly invest USD 55 million in Proterra to promote sustainable transport
Date: 2017-06-24   Author: Sunil Hebbalkar

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...

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EQT purchases Rice Energy for USD 6.7 billion, the deal poised to be one of biggest agreements witnessed by the U.S. oil & gas market
Date: 2017-06-24   Author: Ojaswita Kutepatil

EQT Corp. has announced that it intends to buy Rice Energy for a valuation of USD 6.7 billion and is set to combine two of the three biggest shale producers in southwestern Pennsylvania. This acquisition will expand th...

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Teladoc to acquire Best Doctors for USD 440 million in a bid to expand its telemedicine business
Date: 2017-06-23   Author: Ojaswita Kutepatil

Teladoc has entered into a definitive agreement to buy Best Doctors - a leading medical consultation company. As a part of the agreement, Teladoc is set to purchase Best Doctors for USD 65 million in stock and USD 375 ...

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Johnson & Johnson to acquire Actelion Ltd. by mid-June 2017 via its reputed subsidiary, Janssen Holding GmbH
Date: 2017-06-23   Author: Dhananjay Punekar

Johnson & Johnson, the renowned participant of global pharmaceutical industry, declared that its acquisition deal worth USD 30 billion, with Actelion Limited, a Swiss-based biopharmaceutical major, has been sanctio...

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Merck inks agreement with F-Star, collaboration to strengthen Merck’s immuno-oncology pipeline
Date: 2017-06-22   Author: Saipriya Iyer

Renowned pharmaceutical market player, Merck Group, headquartered in Darmstadt, Germany, has recently collaborated with F-Star, a UK-based biotechnology firm that develops immuno-oncology bispecific antibody therapeuti...

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Clariant and Huntsman all-stock merger deal to be rounded off for a value of USD 14 billion
Date: 2017-06-21   Author: Ojaswita Kutepatil

Huntsman Corporation, renowned specialty chemicals firm, and Clariant AG, global leader in oil field specialty chemicals market, will reportedly merge to form a new entity called HuntsmanClariant, with a deal valuation...

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Novo Nordisk expands business in LATAM market, promotes Saxenda to combat obesity issues
Date: 2017-06-20   Author: Dhananjay Punekar

Novo Nordisk, reputed player in global pharmaceutical market, is reportedly eager to expand its business in Latin America. The Danish healthcare company headquartered in Bagsværd, Denmark aims to explore new grow...

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Boeing forays into the Arabian Peninsula, signs commercial and military deals with Saudi Arabia
Date: 2017-06-19   Author: Saipriya Iyer

Boeing, America’s multinational aircraft conglomerate, has reportedly signed numerous deals with global oil supplier and distributer, Saudi Arabia. The deals encompass everything from defense to commerce, and hav...

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Big win for AstraZeneca’s Lynparza: A study shows a reduced risk of 42% in breast cancer caused by BRCA mutations
Date: 2017-06-19   Author: Ojaswita Kutepatil

AstraZeneca, a leading research-based bio-pharmaceutical company is on the verge of a breast cancer drug breakthrough, as per reliable reports. This pharma giant revealed promising trail results for the treatment of pa...

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