Superior Graphite inaugurates new plant in Hopkinsville, Kentucky
Published: 19 hours ago   Author: Saipriya Iyer

In today’s globalized economic world, companies are increasingly looking at establishing new operations to strengthen business growth. This expansion helps offer lucrative market opportunities, new consumers and ...

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SaaS startup Loop Returns raises $10 million in Series A investment
Date: 2019-11-13   Author: Pankaj Singh

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

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Adidas plans to pull the plug on two major robotic factories
Date: 2019-11-12   Author: Pankaj Singh

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

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ABC Technology declares having set up headquarters in Singapore
Date: 2019-11-11   Author: Pankaj Singh

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

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Banco Inter unveils a one-stop shop application for its clients
Date: 2019-11-08   Author: Saipriya Iyer

The Brazil-based firm has plans to lure more clients with the launch of a new application Banco Inter, a leading digital banking services provider in Brazil recen...

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Fintech startup Digits closes $10.5 Mn Series A investment round
Date: 2019-11-07   Author: Saipriya Iyer

Digits, a US-based digital fintech startup, reportedly announced that it raised $10.5 million in a Series A investment round. The new investment round was led by Benchmark and it has also been backed by 72 angel invest...

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Yas Holding acquires 2.5 percent stake in Iceland based Alvotech
Date: 2019-11-06   Author: Pankaj Singh

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

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Capco and Candela to fuel digitalization of financial services in APAC
Date: 2019-11-05   Author: Pankaj Singh

Belgium-based multinational business and technology giant Capco recently announced to have signed a joint venture agreement with Bengaluru-based Candela Labs. Sources aware of the...

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IFM buys US-based Buckeye Partners in a $15 billion acquisition deal
Date: 2019-11-04   Author: Saipriya Iyer

With the infrastructure pipeline in its home-base facing the threat of being stymied, primarily due to an increasing skills shortage and strong competition, many of Australia’s investors are looking overseas for ...

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B8ta secures US$50m in Series C funding led by Evolution Ventures
Date: 2019-11-02   Author: Pankaj Singh

The California-based retail-as-a-service company B8ta has recently raised $50 million in Series C equity funding round. Evidently the round was led by Evolution Ventures along wit...

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ScanSTAT buys DocFile Systems for expansion of its service offerings
Date: 2019-11-01   Author: Saipriya Iyer

ScanSTAT Technologies, a renowned US-based outsourced ROI (release of information) services provider, reportedly announced the acquisition of DocFile Systems, a US-based medical document filing, and order management co...

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Facebook pays £500,000 fine to UK over its Cambridge Analytica scandal
Date: 2019-10-31   Author: Pankaj Singh

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

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Duffel raises $30M in Series B round to unveil its new travel platform
Date: 2019-10-30   Author: Saipriya Iyer

The travel and tourism industry accounted for over 10 percent of total global economic activity in 2018. However, no improvements have been witnessed in the booking experience for customers in a while. Various travel b...

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Juul plans layoff of over 500 jobs amid increasing regulatory scrutiny
Date: 2019-10-29   Author: Paroma Bhattacharya

San Francisco-based e-cigarette manufacturer has reportedly planned to cut over 500 jobs by the end of 2019, according to a report, citing authentic sources with knowledge about the matter. ...

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Uber collaborates with Delhi metro to allow ticket booking on its app
Date: 2019-10-25   Author: Paroma Bhattacharya

Government transportation agencies have been witnessed to partner with private ride-sharing firms across the world, lately. These relationships have developed as government agencies look to grow ridership, polish their...

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Bitcoin Suisse invest US $3Mn in trade intelligence firm CoinRouts
Date: 2019-10-24   Author: Pankaj Singh

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

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Voxel8 raises funds to boost adoption of its 3D printing technology
Date: 2019-10-23   Author: Saipriya Iyer

The 3D printing market, also known as additive manufacturing, is one of the fastest growing and revenue collecting markets across the globe. Global 3D printing firms are increasingly raising investments to further expa...

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Abu Dhabi tech startup Bayzat raises US $16Mn in Series B funding
Date: 2019-10-22   Author: Paroma Bhattacharya

The business world has been experiencing rapid changes driven by one major factor-Technology. As new-age technologies are all set to advance businesses, the need to upskill human resource is of paramount importance. Nu...

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CTS presents Intelligent Transport Management Technologies at ITS 2019
Date: 2019-10-21   Author: Saipriya Iyer

The rapidly expanding global population is further leading to rapid urbanization, which has raised many critical issues, including road safety problems and increasing congestion on the road. The growing need for sustai...

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Freshworks looks for a fresh funding round to aim at $3 Bn valuation
Date: 2019-10-19   Author: Saipriya Iyer

As per NASSCOM, India’s software as a service (SaaS) industry is slated to grow 36 percent annually and reach $3.3-$3.4 billion by 2022. Cheaper workforce, mature sales ecosystem, abundant talent and adoption of ...

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CARFIT finishes seed funding round with PlugandPlay and CIC Capital
Date: 2019-10-18   Author: Paroma Bhattacharya

Global predictive maintenance sector is predicted to witness an exponential growth over the coming years. Seeing the immense growth opportunity, several global venture capital firms are increasingly investing in predic...

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Diamond uses Zuora® Central platform to launch digital media services
Date: 2019-10-17   Author: Pankaj Singh

Digital media has tremendously grown its presence in recent years. Looking at its potential, several media companies have decided to come out with their own digital media subscription services. One such initiative...

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South Korean startup True Balance raises $23 Mn in Series C funding
Date: 2019-10-16   Author: Saipriya Iyer

While a growing number of firms are contesting for a place in digital payments market of India, away from the country’s metros and tier 2 cities, some payment startups are gradually progressing in the market by a...

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UPS unveils new on-demand, mobile friendly self-storage service
Date: 2019-10-15   Author: Pankaj Singh

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

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CureDuchenne unveils biobank to enhance research in Duchenne therapy
Date: 2019-10-14   Author: Paroma Bhattacharya

Duchenne muscular dystrophy (DMD) is a progressive disorder that involves loss of strength due to the alterations of dystrophin that helps keep muscle cells intact. It commonly affects young boys and has not ...

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Energy startup RigUp raises $300 million in Series D investment round
Date: 2019-10-12   Author: Saipriya Iyer

Austin has been witnessing substantial investments in its technology market landscape since 2018. The city has witnessed a surged in its venture capital activities, in technology startups, since the start of 2019. Tech...

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BASIX Sub-K manages to raise Rs 75 Cr from its Series-C funding round
Date: 2019-10-11   Author: Paroma Bhattacharya

Fintech companies are known for managing various monetary services using technology. The industry is witnessing several new smaller companies and startups who are bringing various innovative schemes and models. However...

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Pennsylvania American Water buys assets of Steelton Borough Authority
Date: 2019-10-10   Author: Pankaj Singh

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

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Shiseido acquires American skincare company Drunk Elephant for $845Mn
Date: 2019-10-09   Author: Paroma Bhattacharya

The market for skin care and beauty products is very huge in Asia, with one of its big businesses coming from China. These products have generated a huge client base in the region, a key reason why many international b...

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Hero Electric teams with CSC e-Governance to boost e-mobility in India
Date: 2019-10-05   Author: Saipriya Iyer

With growing fuel prices and deteriorating air quality, the Government of India has started to encourage auto companies to introduce new green mobility solutions. However, as the adoption of electric mobility is on a s...

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Genomic Vision and PolyAn ink coverslip production & supply agreement
Date: 2019-10-04   Author: Paroma Bhattacharya

France-based biotechnology company Genomic Vision has reportedly announced a partnership with PolyAn for the manufacture and supply of coverslips. Sources with reliable information reported that the latest development ...

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Cybersecurity firm FireEye reveals new election security resource
Date: 2019-10-03   Author: Saipriya Iyer

Cybersecurity refers to safeguarding internet-connected systems such as software and hardware from potential cyberattacks. It is used in identifying theft while maintaining risk management. In order to prevent potentia...

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Ripple enters Iceland with acquisition of crypto trading firm Algrim
Date: 2019-10-01   Author: Pankaj Singh

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

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Goldman Sachs makes new INR 500 crore investment in Bangalore IT park
Date: 2019-09-30   Author: Paroma Bhattacharya

As the lending for real estate by banks slowed down from 2011-12, NBFCs and HFCs have gained importance in the real estate investment. NBFC is a non-banking financial company that invests in various fields, HFC stands ...

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Uber unveils driver loyalty scheme after receiving new London license
Date: 2019-09-28   Author: Saipriya Iyer

· Uber recently received a two-month operating license from TFL to operate in London. · Through the loyalty program, Uber aims to reward the...

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Fold App secures $2.5M funding to offer bitcoin lightning payments
Date: 2019-09-27   Author: Pankaj Singh

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

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Everledger raises $20Mn in a Series A funding round led by Tencent
Date: 2019-09-26   Author: Paroma Bhattacharya

Known as one of the biggest innovations in recent times – blockchain technology has revolutionized the world’s financing infrastructure. Companies have started using blockchain technology for financial appl...

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RAC Insurance moves to MicroStrategy Cloud™ Platform on Azure
Date: 2019-09-25   Author: Pankaj Singh

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

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Log 9 Spill Containment raises INR 4 Cr in Pre-Series A funding round
Date: 2019-09-24   Author: Saipriya Iyer

Chemical and oil spill absorbent market is witnessing a substantial growth lately due to increasing incidence of chemical and oil spills from industries which is leading to a rise in pollution. Several companies in the...

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Indonesian P2P lending startup JULO raises $10 million in Series A2
Date: 2019-09-23   Author: Pankaj Singh

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

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Investment firm Groww raises ₹154 crore in the Series B funding round
Date: 2019-09-21   Author: Paroma Bhattacharya

Groww presently offers more than 3000 options in mutual funds for investment.   The company aims to use its raised funds to double its tea...

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Virgin Atlantic plans to fly more flights to London from Scotland
Date: 2019-09-20   Author: Saipriya Iyer

Virgin Atlantic has also planned 35 new long-haul routes in Asia, Africa, and South America.   Out of the total 84 new destinations ...

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Bharat Forge plans to build its new plant in North Carolina, U.S.
Date: 2019-09-19   Author: Pankaj Singh

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

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TuSimple secures $215 million from its Series D funding round
Date: 2019-09-18   Author: Paroma Bhattacharya

Autonomous vehicles are on the verge of becoming an essential part for future mobility. With various tech companies like Uber and Amazon investing heavily in self-driving cars, the technology is set to offer great pote...

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Niche AI workforce acquired by Ericsson for AI development in India
Date: 2019-09-17   Author: Saipriya Iyer

Artificial Intelligence (AI) is increasingly being adopted by a number of telecommunications and networking companies lately. Telecommunication companies across the globe are turning towards AI-driven platforms to deli...

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Virgin Australia plans to acquire Velocity frequent flyer program
Date: 2019-09-16   Author: Paroma Bhattacharya

The airline intends to buy back remaining 35% share of Velocity frequent flyer program for A$700 million, a move that would diversify its source of income. Virgin...

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Atomwise to collaborate with Hansoh Pharma for AI-based drug discovery
Date: 2019-09-14   Author: Pankaj Singh

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

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Valsoft acquires Commsoft OASES and enters the aviation vertical
Date: 2019-09-13   Author: Pankaj Singh

Since the company’s first association with airline sector over 40 years ago, Communications Software has been developing the MRO IT system continually. ...

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London-based Snyk secures €63Mn from Accel led funding round
Date: 2019-09-12   Author: Saipriya Iyer

The company intends to use this funding to fuel its plans for the next phase of global growth. Snyk, a developer-first security company based in London, has repor...

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Wendy's invests $20 million to introduce a new national breakfast menu
Date: 2019-09-11   Author: Saipriya Iyer

The revamped menu includes three new breakfast items; Honey Butter Chicken Sandwich, the Breakfast Baconator as well as the Frosty-ccino.   Wendy’s has tried breakfast menus many time...

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Spendesk raises €35Mn through Series B round led by Index Ventures
Date: 2019-09-10   Author: Paroma Bhattacharya

The company will use the newly raised funds to strengthen its product and to expand its footprint across Europe. Spendesk, a smart spending management software st...

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Good Capital announces $25M fund to invest in unique startups
Date: 2019-09-09   Author: Paroma Bhattacharya

Good Capital is planning to invest $100 to $2M in pre-seed to Series A round of funding   It will invest in startups that have uniqu...

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Sears to cut 250 corporate jobs at its headquarters in Hoffman Estates
Date: 2019-09-06   Author: Pankaj Singh

Sears will implement a permanent reduction of workforce within 14 days.   The company will be closing dozens of its Kmart and Sears ...

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Nestle to lay off 172 workers; shuttering Indianapolis facility
Date: 2019-09-05   Author: Paroma Bhattacharya

Nestlé Dreyer’s Ice Cream Co. and Nestlé USA Inc. recently announced the closing down of a frozen distribution facility on the near southeast side of Indianapolis by the end of 2...

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AIR’s Earthquake Model chosen by IAG for catastrophe risk management
Date: 2019-09-04   Author: Saipriya Iyer

Sydney-based insurance firm Insurance Australia Group (IAG) has reportedly selected risk management company AIR Worldwide’s Earthquake Model to help with New Zealand’s catastrophe risk management. AIR World...

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Binance procures crypto trading platform JEX based in Seychelles
Date: 2019-09-03   Author: Pankaj Singh

Binance has shown continued interest in the crypto derivatives market, an observation backed by its acquisition of JEX.   The compa...

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Founders Brewing Co. cedes 90% ownership to Madrid-based craft brewery
Date: 2019-08-31   Author: Paroma Bhattacharya

Grand Rapid’s based brewing company Founders Brewing Co. sells majority stakes to Spanish brewery Mahou San Miguel. Taproom & brewery daily operations to remain...

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Facebook enforces strict rules for political ads ahead of US elections
Date: 2019-08-30   Author: Paroma Bhattacharya

Facebook is planning to tighten rules for political ad spending ahead of the 2020 US elections. The company will be more cautious from here onwards, as it will require information on who is paying for the campaign mess...

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Hershey acquires ONE Brands & announces snack bar portfolio expansion
Date: 2019-08-29   Author: Pankaj Singh

ONE Brands is being purchased for $397 Mn or approx. $325 Mn net of tax benefits.   ONE Brands would greatly compliment Hershey&rsqu...

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BharatPe raises USD 50 million in funding round led by Ribbit Capital
Date: 2019-08-28   Author: Paroma Bhattacharya

The funding round witnessed the participation of Ribbit capital along with Steadview Capital and the other existing investors. The funds are expe...

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PDC Energy acquires SRC Energy in $1.7 billion all-stock transaction
Date: 2019-08-27   Author: Shikha Sinha

PDC Energy and rival company SRC Energy have reportedly joined hands through a strategic merger, under which SRC, including its net debit amounting at approximately $685 million as of 30th June 2019, will be acquired b...

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Atonarp raises USD 33 million in oversubscribed Series C funding round
Date: 2019-08-26   Author: Paroma Bhattacharya

The funding round has brought over 5 new investors to the company.   The funding raised would be primarily used to support the compa...

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Mattel introduces Hot Wheels Infinite Loop to mobile devices
Date: 2019-08-24   Author: Sunil Hebbalkar

The game has been made available on the App store for iPhone and iPad enabling the fans for interaction with the brand in a trendy way. California...

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Celsius partners with Tether to offer USDT with annual yield of 10.53%
Date: 2019-08-23   Author: Paroma Bhattacharya

Simultaneously, the use of stablecoins reduces the cost of capital, allowing Celsius to offer loans at a lower interest rate. Celsius Network, a top cryptocurrenc...

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Ban on sale of plastic water bottles at San Francisco Airport
Date: 2019-08-22   Author: Sunil Hebbalkar

San Francisco International Airport is reportedly banning the sale of all single-use plastic water bottles Tuesday onwards. As per trusted officials, this ban is a part of the per...

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WeTransfer bags €35 million in HPE Growth led secondary funding round
Date: 2019-08-21   Author: Sunil Hebbalkar

HPE’s Jonne de Leeuw will replace WeTransfer co-founder Nalden, joining Irena Goldenberg, Tony Zappalà (Highland Europe) and Bas Beerens (founder WeTransfer). ...

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Infosys witnesses a cloud service hike as firm partners with biggies
Date: 2019-08-20   Author: Pankaj Singh

Infosys has partnered with Microsoft Azure, Google Cloud, and Amazon Web Services to help its clients to shift their applications to the cloud.   ...

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SoftBank to lead funding round of USD 100 million in Snapdeal
Date: 2019-08-19   Author: Paroma Bhattacharya

Japanese multinational company to lead $100 million funding round for the Indian online firm Snapdeal.   Kunal Bahl presented an ide...

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Indian robotics startup Miko secures $7.5 million in Series A funding
Date: 2019-08-16   Author: Saipriya Iyer

The investment will be used to expand Miko’s market in the UK, North America and West Asia as well as to develop a new line of products. Miko, an Indian sta...

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OSF Ventures participates in $35M funding round for Exo Imaging
Date: 2019-08-14   Author: Sunil Hebbalkar

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

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Westpay-Loomis tie-up to provide cutting-edge digital payment services
Date: 2019-08-13   Author: Pankaj Singh

This association will bring benefits to retail customers for seamless on-site transactions. Services available only to Finland and Sweden custome...

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Voyager straps up for its next-phase expansion by the end of 2019
Date: 2019-08-12   Author: Paroma Bhattacharya

PLDT remains the single largest investor in Voyager, helping the startup to be afloat. VOYAGER Innovations Inc., an e-commerce site based out of Philippines, is ...

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Credit Unions & Payrailz™ collaborate to create new CUSO, CU Payz
Date: 2019-08-10   Author: Paroma Bhattacharya

CU Payz offers its members the capability to become CU Payz owners. members would also have a say in product direction and the ability to present...

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Salesforce buys ClickSoftware for $1.35B to reinforce field services
Date: 2019-08-09   Author: Pankaj Singh

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

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AI & Cybersecurity experts can now tie up via AI Security Alliance
Date: 2019-08-08   Author: Sunil Hebbalkar

The organization declares its Board Members and opens working groups and membership for cybersecurity and Artificial Intelligence experts.   ...

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Accenture to expedite Brandix’s journey to get operations future-ready
Date: 2019-08-07   Author: Sunil Hebbalkar

Accenture will assist Brandix in building innovative solutions that completely focus on productivity improvement and process excellence among other aspects. ...

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Carro raises $90 Mn from Series B round, procures Indonesia’s Jualo
Date: 2019-08-06   Author: Saipriya Iyer

The company raised an extra $30 million in the oversubscribed funding round after raising $60 million last year in May. Carro would be utilizing ...

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Fox Corporation to buy U.S. consumer finance marketplace Credible Labs
Date: 2019-08-05   Author: Pankaj Singh

The transaction is valued at USD 397 million and is expected to complete in the fourth quarter of the year New York based broadcasting company, Fox Corporation has reportedly anno...

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IDEX & Silone Cardtech collaborate for biometric smart card production
Date: 2019-08-03   Author: Saif Ali Bepari

The partnership agreement would expedite high volume manufacturing of biometric smart cards. Silone provides more than 300 million inlays and sma...

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NOSH secures US$1.7 million from a Pre-Series A investment round
Date: 2019-08-02   Author: Sunil Hebbalkar

NOSH would also rebrand its app and corporate business to Spoonful. Spoonful would continue to create delivery only food brands across Southeast ...

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Kubota invests $85 Mn to expand its footprint across North America
Date: 2019-08-01   Author: Paroma Bhattacharya

Kubota plans to build a new design and engineering center close to its Georgia manufacturing site. The company has purchased almost 300 acres of ...

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MindTickle raises $40 million in Series C funding from Norwest
Date: 2019-07-31   Author: Paroma Bhattacharya

With this round, the total amount raised by MindTickle reaches to more than $81 million. Company claims, the annual recurring revenue growth is m...

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PepsiCo India to set up new plant in UP with investment of Rs 514 Cr
Date: 2019-07-30   Author: Paroma Bhattacharya

The company has signed a Memorandum of Understanding (MoU) which would help it double its snacking business in India by 2022. Multinational food and beverage...

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CBI suggests European Union to prepare faster for no-deal Brexit risk
Date: 2019-07-29   Author: Pankaj Singh

As per the CBI report, the blend of the UK and EU’s different approaches has created an imbalance. The European Union has reportedly been less prepared for...

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Cambodia dismisses rumors of allowing China access to its Naval base
Date: 2019-07-29   Author: Pankaj Singh

Cambodia refuses any such agreement with China in lieu of constitutional restrictions. The Cambodian authorities have denied a report stating that it has signed a...

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KarbonKleen offers alternative financing for dynaCERT’s HydraGEN tech
Date: 2019-07-27   Author: Pankaj Singh

dynaCERT Inc., a company that provides technology that reduces carbon emissions, recently announced that it has obtained a promising alternative financing option for its dealers, in relation with its HydraGEN Technolog...

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Aucta partners with Fosun Pharma to market the FDA-approved Vigabatrin
Date: 2019-07-26   Author: Sunil Hebbalkar

Aucta Pharmaceuticals joins hand with Fosun Pharmaceutical for licensing the marketing rights for FDA approved Vigabatrin for Oral Solution. Aucta Pharmaceuticals...

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Alibaba open for small businesses in U.S. to sell on its platform
Date: 2019-07-25   Author: Sunil Hebbalkar

Approximately 95% of sellers on Alibaba.com are from China with one-third of online buyers coming from the U.S.   U.S. merchants wou...

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Microsoft to pay a fine to settle anti-bribery charges imposed by U.S.
Date: 2019-07-24   Author: Sunil Hebbalkar

Microsoft had violated U.S. federal Foreign Corrupt Practices Act by bribing government officials in several countries. A total amount of $25.3 m...

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Online bank N26 secures $170 million funding for global expansion push
Date: 2019-07-20   Author: Saif Ali Bepari

Reports confirm that Berlin-based N26 has recently secured an additional $170 million in its latest round of funding, propelling its valuation to around $3.5 billion, as the online bank is looking forward to accelerate...

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QSR Automations extends collaboration with Google on DineTime app
Date: 2019-07-19   Author: Sunil Hebbalkar

Diners can now view restaurant wait times and make bookings to get on their waitlists. This unique functionality would enable customers to get on...

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Fintech startup Finix Payments raises $18 million in series A funding
Date: 2019-07-18   Author: Sunil Hebbalkar

The funding round was led by Bain Capital Ventures, Insight Partners and Visa among others. The 30-person startup helps companies by managing and...

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Sintavia acquires non-destructive testing company QC Laboratories
Date: 2019-07-17   Author: Pankaj Singh

The acquisition will enable Sintavia to have increased NDT capabilities, extending its existing services to the commercial aerospace market. Sintavia, a...

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Syndigo buys European product content management company WiseBase
Date: 2019-07-16   Author: Sunil Hebbalkar

The acquisition aims at expanding Syndigo’s presence in Europe Chicago – headquartered, Syndigo – a verified product content syndicati...

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Tech Repair Brand uBreakiFix opens new location in Dallas County
Date: 2019-07-15   Author: Paroma Bhattacharya

uBreakiFix, a renowned tech repair brand, has reportedly launched its newest location, uBreakiFix Grand Prairie, at 3154 S State Hwy 161, Suite 610. As per trusted sources, uBreakiFix Grand Prairie is the fourth location in the Dallas/Fo...

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Cenovus attains milestone of producing 1BN barrels of oil sands
Date: 2019-07-13   Author: Sunil Hebbalkar

Cenovus Energy Inc. has reportedly reached a cumulative production volume of one billion barrels from its Christina Lake and Foster Creek oil sands facilities located in Northern Alberta. ...

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JP Morgan unveils digital investment service to engage new investors
Date: 2019-07-12   Author: Pankaj Singh

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

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Endophys Holdings launches the latest Pressure Sensing Assess System
Date: 2019-07-11   Author: Pankaj Singh

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

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NiYO raises USD 35 million in funding round led by Horizon and Tencent
Date: 2019-07-10   Author: Sunil Hebbalkar

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

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TransCanna Holdings to acquire Goodfellas Group for $520,000
Date: 2019-07-09   Author: Paroma Bhattacharya

TransCanna Holdings Inc., a Canada based branding, transportation and distribution company recently announced that it has signed a definitive acquisition agreement to acquire The Goodfellas Group, LLC. ...

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iMedX acquires Prevalent and Axcension to launch business intelligence
Date: 2019-07-08   Author: Saipriya Iyer

Combined technology & teams will provide ground-breaking business intelligence solutions for healthcare providers iMedX, Inc., a US-based health information &...

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OLA raises another USD 11.37 million in series-J funding round
Date: 2019-07-06   Author: Paroma Bhattacharya

OLA, the Bengaluru-based ride hailing giant has raised $11.37 Mn (INR 79.93 Cr) from an ongoing financing round. The funding was a part of its Series-J round, through which it currently plans to raise close to $2 billi...

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Sevan confirms the launch of new London office for European expansion
Date: 2019-07-05   Author: Pankaj Singh

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

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Lightspeed Venture leads $8 million funding round for Freight Tiger
Date: 2019-07-04   Author: Pankaj Singh

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

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CLEARink and FLEx Lighting tie up on next generation ePaper displays
Date: 2019-07-03   Author: Sunil Hebbalkar

The model is to be built based on FLEx’s ultra- thin front lighting displays and CLEARink’s ePaper 2.0. The US based reflective displays sta...

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SAMI and Hanwha Group partner to manufacture munitions in Saudi Arabia
Date: 2019-07-02   Author: Pankaj Singh

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

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Amazon expands function of Fire TV devices to add dedicated Live tab
Date: 2019-07-01   Author: Pankaj Singh

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

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AT&T donates $500,000 to free broadcast TV service & NPO, Locast
Date: 2019-06-29   Author: Paroma Bhattacharya

Offering access to Locast via DirecTV may undercut the threat by station owners who cut the viewing of channels at times of dispute. The Texas-headquart...

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Milkbasket raises USD 2.16 million from series B funding round
Date: 2019-06-28   Author: Sunil Hebbalkar

The raised funds will be used to invest in geographical expansion, technological advancements and hiring. Milkbasket, a daily micro-delivery service star...

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Mitsubishi Motors to move its North American headquarters to Tennessee
Date: 2019-06-27   Author: Pankaj Singh

Compared to Cypress, Tennessee will provide a mild climate, good schools and lower cost of living for workers Japanese automaker Mitsubishi Motors recently announ...

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Workforce Software secures a major strategic investment from Evergreen
Date: 2019-06-26   Author: Pankaj Singh

The investment is expected to solidify WorkForce Software’s position in the market Evergreen Coast Capital Corp, a private equity firm focused on technology...

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L Catterton purchases steakhouse restaurant chain Del Frisco’s
Date: 2019-06-25   Author: Paroma Bhattacharya

The stakeholders of Del Frisco will receive $8 for each share, that is, an 18.9% premium to the last closing price. Texas base...

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Tata Power to raise minimum Rs 4,000 cr through renewables InvIT
Date: 2019-06-24   Author: Pankaj Singh

The company would also aim to reduce the debt level by selling non-core assets Tata Power, the largest private power company in India, is keen on raising funds t...

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Yiwu collaborates with Alibaba to boost digital transformation efforts
Date: 2019-06-22   Author: Pankaj Singh

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

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Boeing to relocate its space and launch headquarters to Florida
Date: 2019-06-21   Author: Paroma Bhattacharya

The aircraft manufacturer aims to shift the entire space and launch division to Titusville, Florida. The relocation is expected to complete by th...

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Bounce raises $72M in series C funding round led by B Capital Group
Date: 2019-06-19   Author: Pankaj Singh

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

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Signifier Medical Technologies closes an oversubscribed funding round
Date: 2019-06-18   Author: Paroma Bhattacharya

Signifier Medical Technologies, a UK-based innovator in sleep disordered breathing market, recently announced the closing of an oversubscribed Series B funding. The round was led by private equity firm, The Pritzker Or...

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American Airlines rolls out satellite based Wi-Fi to over 700 aircraft
Date: 2019-06-17   Author: Pankaj Singh

Satellite based Wi-Fi will offer access to 12 free live TV channels that people can stream on their own personal device American Airlines, world’s largest a...

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Camargo Pharmaceutical Services to acquire Canada-based InSymbiosis
Date: 2019-06-15   Author: Paroma Bhattacharya

Camargo Pharmaceutical Services, a leading drug development and commercialization service provider recently announced that it plans to acquire InSymbiosis, a Canada-based drug developer that enables biopharmaceuti...

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Enlighten secures $6.5m for expanding cannabis technology portfolio
Date: 2019-06-14   Author: Pankaj Singh

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

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Dropbox launches new desktop app with enhanced user experience, design
Date: 2019-06-13   Author: Pankaj Singh

The new app has undergone structural changes for it to be able to work like any other desktop application Dropbox, the file hosting service, recently unveiled a n...

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OkCredit raises $15.5 million in a funding round led by Tiger Global
Date: 2019-06-12   Author: Pankaj Singh

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

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Zee5 teams up with Israel’s Applicaster to enhance viewer experience
Date: 2019-06-11   Author: Pankaj Singh

Under the proposed partnership agreement, Applicaster would be developing & managing Zee5’s smartphone app.   Applicaster ...

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Greenpeace activists stage climate protest on BP oil rig in Scotland
Date: 2019-06-10   Author: Pankaj Singh

Currently the activists have occupied a platform on a leg of the rig beneath the main deck. Greenpeace activists have reportedly declared that they have climbed t...

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Pasha acquires licensed cannabis producer and processor, Medcann
Date: 2019-06-08   Author: Saipriya Iyer

Pasha Brands Ltd., a leading Canadian craft cannabis company recently announced acquisition of Medcann Health Products Ltd., a Health Canada approved cultivator, processor & seller of medical cannabis, cite...

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HSB partners with CNA Financial to offer IoT-technology solutions
Date: 2019-06-07   Author: Pankaj Singh

The partnership will help the two firms drive down losses and innovate new solutions using IoT. Global specialty insurer and reinsurer, The Hartford Steam Boiler ...

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US based Medly Pharmacy closes Series A round led by Greycroft
Date: 2019-06-06   Author: Paroma Bhattacharya

Medly Pharmacy, a U.S.-based digital pharmacy recently announced completion of its Series A funding round, led by Greycroft, a venture capital firm. Medly Pharmacy will use the funds for its expansion. The 2017 annuali...

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Kyocera & BYD Japan collaborate on energy systems for electric vehicles
Date: 2019-06-04   Author: Paroma Bhattacharya

Kyocera corporation, a Japan-based electronics manufacturer recently announced a joint venture with the Japanese arm of China’s BYD Company, a leading producer of electric vehicles. ...

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Recorded Future announces US$780M acquisition by Insight Partners
Date: 2019-06-01   Author: Pankaj Singh

The company will use this transaction to accelerate next phase of global growth and expansion. Leading cyber threat intelligence provider, Recorded Future has re...

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Sony's Funimation acquires anime distributor Manga Entertainment
Date: 2019-05-31   Author: Paroma Bhattacharya

Sony Picture Televisions’ anime content unit, Funimation Productions recently announced acquisition of Manga Entertainment Ltd, distributor of Japanese animation in the United Kingdom and Ireland. The finances re...

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Upland Software to acquire marketing software business Kapost
Date: 2019-05-30   Author: Saif Ali Bepari

Upland Software, a cloud-based enterprise work management software provider has recently acquired Kapost, a content operations platform provider. The new acquisition is an important addition to Upland’s Customer ...

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Vivendi-owned Canal+ procures M7 Group in €1 billion acquisition deal
Date: 2019-05-29   Author: Pankaj Singh

Canal+ acquired M7 Group from the media firm’s present private equity investor, Astorg Partners. The acquisition would be giving Canal+ acc...

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Teva Pharma to pay Oklahoma $83 million for opioid case settlement
Date: 2019-05-28   Author: Pankaj Singh

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

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Organic Solutions buys Brydone Growers to boost Thai food operations
Date: 2019-05-27   Author: Pankaj Singh

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

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Panasonic stops some component shipments to Huawei amid US ban
Date: 2019-05-25   Author: Paroma Bhattacharya

The U.S. has recently lessened the restrictions on Huawei temporarily to reduce disruption for customers. Japan-based Panasonic Corporation has reportedly announ...

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Eco-friendly chemicals manufacturer Solugen raises $32M in funding
Date: 2019-05-24   Author: Pankaj Singh

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

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TransferWise becomes most valuable fintech start-up in Europe
Date: 2019-05-23   Author: Paroma Bhattacharya

TransferWise will not add fresh cash to its balance sheet with the funding round. The UK-based money transfer company TransferWise has been reportedly valued at $...

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Vymo partners with Microsoft to increase its global footprint
Date: 2019-05-22   Author: Sunil Hebbalkar

Satya Nadella, CEO, Microsoft, has also noted the work done by sales CRM software. An intelligent personal assistant app Vymo has reportedly announced that it has...

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Commerzbank partners with GTC to digitize its trade finance business
Date: 2019-05-21   Author: Paroma Bhattacharya

Commerzbank partners with GTC to digitize its trade finance business Commerzbank, a major German bank, has recently entered a strategic partnership with a leading...

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Indian Oil to assess impact of US sanction on CPCL expansion
Date: 2019-05-20   Author: Paroma Bhattacharya

Earlier, the expansion was to originally cost to INR 27,460 crore but now is estimated to cost INR 35,698 crore. Indian Oil Corporation Limited, commonly referred...

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Century Software buys majority stake in Netsense Business Solutions
Date: 2019-05-18   Author: Saipriya Iyer

Century Software has a long-term collaboration with Acumatica Inc. The subsidiary of Censof Holdings Bhd, Century Software (M) Sdn Bhd has reportedly announced t...

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Ola inks deal with SBI and Visa to offer 10M credit cards in India
Date: 2019-05-17   Author: Pankaj Singh

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

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Cargill invests in Israeli 3D tissue engineering startup Aleph Farms
Date: 2019-05-16   Author: Pankaj Singh

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

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ETSI and Indian telcos ink MoU to cooperate on telecom standardization
Date: 2019-05-15   Author: Pankaj Singh

COAI aims to establish India as the global leader of innovative mobile communications infrastructure, services, products and attain 100 percent national density. ...

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Tesco, Nestle, Sainsbury's and Waitrose to halve food waste by 2030
Date: 2019-05-14   Author: Paroma Bhattacharya

Businesses will set their own targets to participate in the UN Sustainable Development Goal which aims at halving per capita food waste across the globe by the year 2030. ...

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TasFoods acquires Betta Milk for $11.5m to expand production capacity
Date: 2019-05-13   Author: Pankaj Singh

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

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Sumo Logic raises $110 million to drive growth and expansion
Date: 2019-05-10   Author: Paroma Bhattacharya

The new funding has brought the total funding to date to $325 million. The cloud-based machine data analytics company Sumo Logic has reportedly announced that it ...

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Facebook to invest $400M to build its fifth data center in Altoona
Date: 2019-05-09   Author: Paroma Bhattacharya

The development agreement has been unanimously approved by the Altoona City Council, along with various other agreements and a site plan for the project. The onl...

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SoftBank Group makes $20m investment in Mexican payments startup Clip
Date: 2019-05-08   Author: Pankaj Singh

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

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LTAP calls off $1.7 billion bid for GrainCorp Limited, shares tumble
Date: 2019-05-07   Author: Paroma Bhattacharya

In December, GrainCorp had held back from recommending the deal to its shareholders due to lack of information. GrainCorp, leading grain handler of Australia, ha...

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Tricor acquires Richful Deyong to expand business services in China
Date: 2019-05-06   Author: Pankaj Singh

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

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ValiRx confirms new joint venture agreement, acquisition of IP assets
Date: 2019-05-04   Author: Saif Ali Bepari

ValiRx has reportedly announced two new agreements, an acquisition deal with FIT Biotech and a joint venture with Alpha Blue Ocean. Apparently, the company acquired intellectual p...

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Zenoti secures $50m in funding round led by Tiger Global Management
Date: 2019-05-03   Author: Pankaj Singh

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

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Ola Cabs looks to secure up to $300M more through Series J funding
Date: 2019-05-02   Author: Saif Ali Bepari

Cab-hailing major Ola, in order to lessen its dependence on its leading investor SoftBank, is currently planning to welcome new investors onboard. The holding com...

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Wipro acquires Philippines-based personal care company Splash
Date: 2019-04-30   Author: Paroma Bhattacharya

It will be 11th acquisition of Wipro in consumer line business, and the 9th acquisition in personal care segment overall. Wipro Consumer Car...

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German startup GetYourGuide secures funds for travel activity platform
Date: 2019-04-29   Author: Pankaj Singh

Reports suggest that Berlin-based travel startup, GetYourGuide, has secured considerable investment in a funding round from various investors, including SoftBank. Supposedly, the firm has raised €500 million (US$5...

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SalesLoft secures $70 million funding for sales engagement platform
Date: 2019-04-27   Author: Pankaj Singh

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

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Starbucks launches safe needle disposal boxes in select US markets
Date: 2019-04-26   Author: Pankaj Singh

Starbucks has started installing safe needle disposal boxes following the OSHA investigation. Starbucks has reportedly installed safe needle disposal boxes i...

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Digital payment firm Alt Thirty Six raises $10M in Series A funding
Date: 2019-04-25   Author: Paroma Bhattacharya

Alt Thirty Six, a digital payment & compliance platform, has grabbed the headlines for securing up to $10 million in its Series A funding round that was intended for accelerating the company’s growth and enha...

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India Post teams up with TCS to modernize 1.5 lakh post offices
Date: 2019-04-24   Author: Pankaj Singh

TCS has designed and implemented the Core System Integration (CSI) program for the transformation India Post has reportedly teamed up with global leading IT servi...

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Nintendo Switch to enter the Chinese gaming market via Tencent
Date: 2019-04-22   Author: Paroma Bhattacharya

The firm has been approved to sell a game related to Super Mario Bros. franchise of Nintendo. Japanese gaming giant, Nintendo Co., Ltd., is reportedly setting foo...

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NewBridge forms a joint venture with King Hemp NM for industrial hemp
Date: 2019-04-19   Author: Pankaj Singh

The joint venture will use the most advanced farming and genetics techniques. The US public company NewBridge Global Ventures, Inc., focused on the dynamic and em...

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Carbon Lighthouse expands regional scope, establishes office in L.A.
Date: 2019-04-18   Author: Saipriya Iyer

Energy services company Carbon Lighthouse has apparently made it to the headlines for having expanded its reach to Southern California. With functional spaces in the cities of New York, Honolulu, and San Francisco, Car...

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BP & Schneider Electric sign five-year global frame agreement
Date: 2019-04-17   Author: Pankaj Singh

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

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Airtel partners with Cisco to offer advanced connectivity solutions
Date: 2019-04-16   Author: Paroma Bhattacharya

Airtel Business serves more than 500,000 medium and small businesses, 2,000 large businesses and 1,000 global enterprises. Bharti Airtel, the global telecommunica...

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Publicis Groupe to buy data marketing firm Epsilon for $4-4 billion
Date: 2019-04-15   Author: Paroma Bhattacharya

Publicis will get access to Epsilon’s data capabilities with the acquisition. Publicis, the multinational French ad holding company, has reportedly announce...

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Technology giant Apple enhances its clean energy suppliers list
Date: 2019-04-13   Author: Shikha Sinha

American technology conglomerate Apple has made it to the headlines for convincing its manufacturing partner Foxconn and its chip manufacturer TSMC to commit to using renewable energy while running their operations to ...

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Lifestyle marketplace Zilingo outlines expansion plans in Cambodia
Date: 2019-04-12   Author: Shikha Sinha

·         The latest funding brings Zilingo’s total funding evaluation to $308 million. ·  &...

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Travel booking platform Klook raises US$225M in Series D+ Funding
Date: 2019-04-11   Author: Shikha Sinha

Klook, a world leading booking activities platform, recently announced raising US$225M as a part of its Series D+ funding. The deal apparently marks the largest financing in the worldwide travel activities and services...

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Juniper launches SD-WAN and cloud services platform for partners
Date: 2019-04-10   Author: Saipriya Iyer

Juniper announces CSP Select program in response to needs expressed by customers and partners. Juniper Networks, an American corporation that develops and markets...

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Roblox gaming community touches 90 Million monthly active users mark
Date: 2019-04-09   Author: Saif Ali Bepari

Roblox, a global platform that connects people through play, has made it to the headlines for surpassing 90 million active users per month as it continues to expand internationally through German and French languages. ...

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U.K. mulls penalizing tech giants on failure to delete harmful content
Date: 2019-04-08   Author: Pankaj Singh

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

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Payments firm BharatPe raises $15.5M in Series A funding round
Date: 2019-04-06   Author: Pankaj Singh

The latest investment round involved the participation of the U.S.-based Insight Partners, joined by existing investors Beenext and Sequoia. The Indian fintech st...

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Perficient announces successful implementation of Oracle’s Seibel CTMS
Date: 2019-04-05   Author: Saif Ali Bepari

Perficient to hold Seibel CTMS session to demonstrate its successful implementation during Oracle Health Sciences Connect. Perficient, Inc. a consulting firm spec...

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PayPal makes its first-ever investment in a blockchain company
Date: 2019-04-04   Author: Paroma Bhattacharya

Approximately $3.5 million has been raised by Cambridge Blockchain in new equity from several investors over last nine months. The Global online payment firm PayP...

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DSG Consumer Partners raises $30m, marks the first close of new fund
Date: 2019-04-02   Author: Pankaj Singh

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

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Russian social media giant VK plans to launch its own cryptocurrency
Date: 2019-04-01   Author: Paroma Bhattacharya

VK is currently third most popular website in Russia along with being a top social media platform. VKontakte (VK), the most prevalent social media website in Russia, has been planning to develop its own cr...

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TRON foundation acquires its own blockchain app store CoinPlay
Date: 2019-03-30   Author: Saipriya Iyer

To ensure the blockchain enthusiasts get optimum user experience, TRON and CoinPlay are devising approaches to build core technologies that guarantee a secure ecosystem for obtaining DLT-based apps....

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Lyft raises its IPO price range owing to high demand from Wall Street
Date: 2019-03-29   Author: Pankaj Singh

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

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MAG expands in Australia with Encore Aviation entities acquisition
Date: 2019-03-28   Author: Saif Ali Bepari

The acquisition will prove to be critical for determining MAG’s expected growth in Asia-Pacific. MAG Aerospace, the America-owned military contractor has re...

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Sequoia India and Faering Capital inject $15M in Finova Capital
Date: 2019-03-27   Author: Pankaj Singh

Finova will utilize the funds to expand its footprint and provide credit access for the unbanked populace. Finova Capital, a Jaipur-based NBFC (non-banking financ...

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Connecticut secures first legislative win towards legalizing marijuana
Date: 2019-03-26   Author: Pankaj Singh

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

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Bank of Beijing & ING announce joint venture to set up digital bank
Date: 2019-03-25   Author: Paroma Bhattacharya

Bank of Beijing will reportedly hold 49% of the stake and ING will hold remaining 51% in the new digital bank Bank of Beijing has announced that it plans to estab...

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Jitjatjo closes new $11M funding round led by Morningside Technology
Date: 2019-03-23   Author: Pankaj Singh

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

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Grab to charge fee for ride cancellation in Malaysia from March 25
Date: 2019-03-22   Author: Pankaj Singh

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

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NII sells Nextel Brazil’s operation to America Movil for $905 million
Date: 2019-03-20   Author: Paroma Bhattacharya

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

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Toyota and Nvidia to expand partnership for autonomous car technology
Date: 2019-03-19   Author: Pankaj Singh

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

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Tookitaki Holding raises up to $7-5 million in Series A financing
Date: 2019-03-18   Author: Saif Ali Bepari

Tookitaki is recognized for offering enterprise software solutions that help in creating compliance programs for the financial services sector Tookitaki Holding P...

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Royal Brunei & British Airways to double destinations in Europe
Date: 2019-03-16   Author: Saif Ali Bepari

Royal Brunei Airlines has reportedly signed a new Special Prorate Agreement with British Airways, which more than doubles its network from 11 to 23 airports in the UK and Europe. As per the agreement, hot Europe...

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Cannabis maker HEXO Corp to acquire Newstrike for around $200M
Date: 2019-03-15   Author: Saif Ali Bepari

The deal would allow HEXO shareholders to hold 86% of the new joint company, while Newstrike shareholders will own the remaining 14%. Canada-based cannabis produc...

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Mazda to enter the premium car segment with expensive next gen cars
Date: 2019-03-14   Author: Paroma Bhattacharya

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

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Swiss-German venture looks to develop a blockchain trading platform
Date: 2019-03-13   Author: Paroma Bhattacharya

The budding DLT trading system is expected to rival the one currently being developed by the Swiss stock exchange Aiming to create a DLT (Distributed Ledger Techn...

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EVO Payments acquires Way2Pay to reinforce its digital payment service
Date: 2019-03-12   Author: Pankaj Singh

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

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Appen inks $300m deal to acquire machine learning company Figure Eight
Date: 2019-03-11   Author: Pankaj Singh

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

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Keppel and SPH to exercise compulsory buyout of remaining shares in M1
Date: 2019-03-08   Author: Pankaj Singh

Reports indicate that Singapore based infrastructure firm, Keppel Corporation, and Singapore Press Holdings, nation’s leading media organization, would be compulsorily acquiring all the remaining shares the the c...

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Comcast acquires leading AI cybersecurity firm BluVector Inc.
Date: 2019-03-06   Author: Saif Ali Bepari

BluVector's founding CEO, Kris Lovejoy, has been repositioned as a consultant and advisor to Comcast and BluVector. Comcast Corporation, the American telecomm...

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Larsen & Toubro Infotech closes acquisition of Nielsen+Partner
Date: 2019-03-05   Author: Pankaj Singh

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

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VOI the e-scooter sharing startup raises funds for European expansion
Date: 2019-03-04   Author: Ojaswita Kutepatil

The company with the newly acquired funds will expand in Germany, Italy, Norway and France. Sweden’s electric scooter sharing startup, VOI Technology has re...

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ATX Seed Ventures closes second investment fund worth $32 million
Date: 2019-03-02   Author: Ojaswita Kutepatil

ATX Seed Ventures, an early-stage venture capital firm, has reportedly closed its second investment fund worth $32 million. For the record, the company invests in startups dealing with software, IoT, e-commerce, and ot...

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Coin Metrics closes $1.9M seed funding round with Fidelity Investments
Date: 2019-03-01   Author: Paroma Bhattacharya

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

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IWAI, Indian Oil to develop fuel infrastructure for national waterways
Date: 2019-02-28   Author: Pankaj Singh

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

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Ipsen confirms US$1.31 bn agreement to buy Clementia Pharmaceuticals
Date: 2019-02-27   Author: Pankaj Singh

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

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Accenture endorses collaboration for circular supply chain capability
Date: 2019-02-26   Author: Paroma Bhattacharya

Using blockchain, Accenture plan to connect customers directly to producers and influence sustainability in global supply chains. The leading technology services ...

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Singapore-based 90 Seconds secures USD 20 Million in Series B funding
Date: 2019-02-25   Author: Paroma Bhattacharya

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

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Lime scooters threatened with removal from Auckland over safety issues
Date: 2019-02-23   Author: Paroma Bhattacharya

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

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Binance introduces testnet of its decentralized crypto trading service
Date: 2019-02-22   Author: Pankaj Singh

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

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An Post plans to launch a network of parcel lockers across Ireland
Date: 2019-02-21   Author: Saif Ali Bepari

Ireland’s state-owned postal service provider An Post is reportedly advancing plans for a countrywide network of self-service parcel locker stations to let customers seamlessly access online deliveries and make r...

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AveXis plans to double workforce at its Durham production facility
Date: 2019-02-21   Author: Saif Ali Bepari

AveXis, a clinical-stage gene therapy company based in Illinois, USA, has reportedly announced its intent to increase its planned workforce by creating around 200 jobs at its manufacturing facility in Durham County. Th...

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DOCOMO to deliver photo album service on an OEM basis in Taiwan
Date: 2019-02-19   Author: Ojaswita Kutepatil

Japan’s leading mobile phone operator NTT DOCOMO Inc has reportedly agreed to provide its photo album service – d photo to Far EasTone Telecommunications Co. on an OEM basis for launch in Taiwan. As per tru...

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Aeronautics Defense Systems inks $13M drone deal with Azerbaijan
Date: 2019-02-18   Author: Pankaj Singh

Two weeks ago, the Defense Ministry of Israel reinstated the company’s export licenses.   The contract would be spanning over ...

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Biotech startup Sight Diagnostics raises $27.8M in Series C funding
Date: 2019-02-18   Author: Ojaswita Kutepatil

Sight Diagnostics, the Israel-based medical devices startup, has reportedly concluded its Series C investment round, with the procurement of $27.8 million in funds. Relevant sources affirmed that the new funding has be...

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PE firm Darby invests in specialty pharmaceutical company Biopas
Date: 2019-02-15   Author: Pankaj Singh

The investment has been completed by Darby Private Equity via the DLAPDF III Darby Overseas Investments Ltd., the private equity arm of Franklin Templeton Investm...

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btov Partners raises €80M fund, aims at new industrial technologies
Date: 2019-02-14   Author: Ojaswita Kutepatil

European venture capital firm btov Partners AG has reportedly secured Euro 80 million for the second closing of btov Industrial Technologies Fund – one of the biggest early stage funds with complete focus on Deep...

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AC Energy to acquire Phinma Group power unit in a P6 billion deal
Date: 2019-02-13   Author: Ojaswita Kutepatil

AC Energy Inc., the energy arm of Ayala conglomerate, recently announced that it has concluded a deal with Phinma Group to acquire its power business in P6 billion transaction. Reportedly, Phinma Corp and Ayala Corp ha...

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Kroger shuts down Columbus bakery, lays off nearly 400 employees
Date: 2019-02-12   Author: Ojaswita Kutepatil

According to a recent statement issued by Kroger, the company is reportedly shutting down Cleveland Avenue based Columbus bakery effective immediately, eliminating over 400 jobs, in a bid to adapt to the ever-evolving ...

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Innovega develops new AR & VR eyestrain management technology
Date: 2019-02-11   Author: Pankaj Singh

The technology will effectively reduce 3D stimuli detection time, depth distortions, improve stereoacuity and reduce visual fatigue and discomfort of users. Renow...

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BB&T to acquire SunTrust for $66 billion in an all-stock merger deal
Date: 2019-02-11   Author: Pankaj Singh

The combined entity is expected to emerge as the sixth-largest bank in the U.S. BB&T Corporation, a North Carolina-based bank holding company, has reportedly ...

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Reddit reportedly in talks with Tencent for a $300 Mn funding round
Date: 2019-02-08   Author: Pankaj Singh

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

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Spotify acquires podcasting industry leaders Gimlet and Anchor
Date: 2019-02-07   Author: Paroma Bhattacharya

Spotify is poised to become the foremost platform for podcast creators as well as leading producer of podcasts with these acquisitions. Spotify Technology SA, the...

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Control4 Corporation acquires NEEO to provide smart home solutions
Date: 2019-02-06   Author: Ojaswita Kutepatil

Control4 Corporation (CTRL), the leading USA-based home automation company, has reportedly announced its acquisition of NEEO, the Switzerland-based smart home remote developer. Reportedly, with this acquisition, Contro...

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Swiggy takes over Bengaluru based AI focused startup Kint.io
Date: 2019-02-05   Author: Paroma Bhattacharya

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

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AirAsia demands RM480 Mn from MAHB in losses from operating at KLIA
Date: 2019-02-05   Author: Pankaj Singh

Low-cost air carrier AirAsia has reportedly served a notice on Malaysia Airports Sdn Bhd claiming nearly RM480 million for the losses occurred from operating at klia2. For the rec...

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Google Plus to officially shutdown on April 2 amid user data breach
Date: 2019-02-04   Author: Ojaswita Kutepatil

Google, the tech industry behemoth, has recently announced that it will be ending its run of social networking site Google Plus (Google+) by April 2, 2019. Reportedly, the company had already announced plans to shut do...

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MoneyOnClick raises $2m in seed funding led by Orios, 3one4, Kalaari
Date: 2019-02-01   Author: Ojaswita Kutepatil

MoneyOnClick, the Bengaluru-based lending start-up, is currently in the news for raising INR 15 crore ($2.15 million) in a seed funding round, led by three venture capital firms including Orios Venture Partners, 3one4 ...

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ClearOne® unveils new cloud collaboration service COLLABORATE® Space
Date: 2019-01-31   Author: Saif Ali Bepari

 COLLABORATE Space runs on any standards-based video endpoint and on any device from desktop to mobile.   ...

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Samsung to officially take over the Israel-based Corephotonics
Date: 2019-01-30   Author: Ojaswita Kutepatil

Samsung has reportedly put forth an acquisition offer for the Israeli firm Corephotonics, for an apparent valuation of around $155 million. Prior to the declaration of this takeover, the renowned developer of Oppo&rsqu...

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Rockwell Automation buys Emulate3D to enhance system planning
Date: 2019-01-29   Author: Saif Ali Bepari

Rockwell Automation, Inc. has reportedly acquired innovative engineering software developer Emulate3D, whose products digitally emulate & simulate industrial automation systems. By incorporating accurate simulation...

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Primary Health Properties announces an all-share merger with MedicX
Date: 2019-01-28   Author: Ojaswita Kutepatil

Primary Health Properties, a UK-based leading investor in healthcare properties, has reportedly announced an all-share merger with MedicX Fund Ltd. As per reports, the two investment companies are likely to build a hea...

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AWE picks AECOM as delivery partner for UK nuclear deterrence program
Date: 2019-01-25   Author: Pankaj Singh

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

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Twitter launches an easier web interface complete with an emoji button
Date: 2019-01-24   Author: Paroma Bhattacharya

The Beta testing for the new Twitter features has not commenced yet.   The Twitter desktop version has been reduced from 3 columns i...

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Private equity firms contemplate purchasing Nestle's skin health unit
Date: 2019-01-23   Author: Paroma Bhattacharya

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

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Reliance demands Niko’s exit from KG-D6 on account of payment default
Date: 2019-01-22   Author: Ojaswita Kutepatil

Reliance Industries Limited (RIL), the multinational holding company based in India, has reportedly asked its partner Niko Resources, a Canada-based oil & gas industry major, to exit the eastern offshore gas block,...

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L&T Infotech to purchase stake in Bengaluru-based IT firm Mindtree
Date: 2019-01-21   Author: Ojaswita Kutepatil

Larsen & Toubro Infotech (LTI) has reportedly made plans to acquire VG Siddhartha’s shares in Mindtree, a mid-tier IT company, although no official statement has been made so far. According to sources close t...

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Date: 2019-01-18   Author: Dhananjay Punekar

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Check Point detects fault that could let Fortnite accounts be hacked
Date: 2019-01-18   Author: Pankaj Singh

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

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MineHub-IBM to leverage blockchain for mining industry supply chai
Date: 2019-01-17   Author: Ojaswita Kutepatil

MineHub Technologies, Inc. and IBM have reportedly announced a collaboration to use blockchain technology and help improve logistics & financing as well as operational efficiencies. Additionally, the tie-up aims to...

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Immersive Labs garners $8M in Series A, Goldman Sachs leads round
Date: 2019-01-16   Author: Ojaswita Kutepatil

Immersive Labs, a cyber security skills platform, headquartered in Bristol, England, has reportedly raised $8 million in Series A funding. Goldman Sachs, an investment banking firm, has emerged as the lead investor, wi...

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OurCrowd, KEB Hana Bank ink MoU for innovative tech solutions in Korea
Date: 2019-01-14   Author: Pankaj Singh

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

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WIN’s aerospace unit begins deliveries to airline firm Boeing
Date: 2019-01-13   Author: Pankaj Singh

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

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Mosambee partners with Mastercard to launch Android based PoS in India
Date: 2019-01-11   Author: Pankaj Singh

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

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Daimler Trucks’ Freightliner unveils Cascadia with Level 2 autonomy
Date: 2019-01-10   Author: Paroma Bhattacharya

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

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Lupin’s NaMuscla gets EU approval to treat myotonia in adults with NDM
Date: 2019-01-10   Author: Pankaj Singh

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

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Harley Davidson ties-up with Panasonic for electric motorbike LiveWire
Date: 2019-01-09   Author: Pankaj Singh

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

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Onward Technologies ties-up with SAP to distribute & resell ERP Suite
Date: 2019-01-08   Author: Paroma Bhattacharya

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

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British firm ContourGlobal acquires Alpek’s two Mexican plants
Date: 2019-01-07   Author: Ojaswita Kutepatil

Alpek, a Mexican petrochemical company, has reportedly agreed to sell two of its cogeneration plants in Cosoleacaque and Altamira to British firm ContourGlobal for $801 million. Based on a statement sent to the Mexican...

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Qatar Airways inks deal to buy 5% interest in China Southern Airlines
Date: 2019-01-04   Author: Pankaj Singh

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

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Mammoth Energy enters into JV with Wexford Capital, acquires ARS
Date: 2019-01-03   Author: Ojaswita Kutepatil

Mammoth Energy Services, Inc., has recently unveiled a series of transactions that catered to the growth & expansion of its aviation services business. These transactions reportedly offered direct vertical integrat...

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BluGlass collaborates with Aixtron to evaluate its RPCVD technology
Date: 2019-01-02   Author: Pankaj Singh

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

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Visa buys Earthport for $250mn to expand cross-border payment services
Date: 2018-12-31   Author: Pankaj Singh

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

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Zomato enters events industry with food carnival in multiple cities
Date: 2018-12-28   Author: Saipriya Iyer

Zomato, an Indian food delivery and restaurant search startup, has announced that it is entering the events business with ‘Zomaland’, a multi-city food and entertainment carnival. Reportedly, this move would mark the company’s en...

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China-based OSAT companies looking to tap high-end packaging segments
Date: 2018-12-28   Author: Pankaj Singh

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

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After Hyderabad, IKEA heads to Noida with an investment of INR 500 Cr
Date: 2018-12-27   Author: Ojaswita Kutepatil

Major ready-to-assemble furniture company IKEA has reportedly hit the headlines for signing a Memorandum of Understanding (MoU) with the Uttar Pradesh Government aimed at opening its store in the Indian state. As per t...

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Uniper in talks with European company EPH to sell its French business
Date: 2018-12-26   Author: Saif Ali Bepari

The Germany-based energy company Uniper SE is currently in exclusive talks with EPH (Energetický a pr?myslový Holding), a Central European integrated energy utility, in a bid to sell its French assets to ...

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Trade unions & drug firms in no-deal Brexit preparations ink 26 NDAs
Date: 2018-12-24   Author: Pankaj Singh

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

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Elementary Robotics bags $3.6M to expand in LA’s growing robotics hub
Date: 2018-12-21   Author: Paroma Bhattacharya

The investment will be used to build a manufacturing facility in Los Angeles and robots that augment the current human workforce Los Angeles-based robotics platfo...

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3M to acquire M*Modal’s technology business for around $1 billion
Date: 2018-12-20   Author: Paroma Bhattacharya

The acquisition will enhance 3M’s Health Information Systems (HIS) business and revenue cycle management capabilities American multinational conglomerate, 3...

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SSE drops Npower merger plans as government plans to cap tariff prices
Date: 2018-12-20   Author: Pankaj Singh

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

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Tata power invests Rs700m for installing 1000 charging stations in NCR
Date: 2018-12-18   Author: Ojaswita Kutepatil

Tata Power has recently made it to the cover page for its plans to set up around 1,000 charging points in the NCR (National Capital Region) for EVs (electric vehicles). The investment for the project is estimated to be...

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Hughes-Yahsat JV to provide broadband connectivity to the underserved
Date: 2018-12-17   Author: Paroma Bhattacharya

Joint venture to provide the benefits of broadband to Middle East, Africa and Southeast Asia Hughes Network Systems, a subsidiary of EchoStar Corporation, An Amer...

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Emerson expands its portfolio of valves with A.E. Valves acquisition
Date: 2018-12-16   Author: Sunil Hebbalkar

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

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Coinone launches Ripple’s blockchain remittance service in South Korea
Date: 2018-12-14   Author: Sunil Hebbalkar

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

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John Magufuli announces Tanzania’s $3 Billion power plant deal
Date: 2018-12-13   Author: Sunil Hebbalkar

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

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Lupin obtains USFDA EIR for unit 3 of the Pithampur facility
Date: 2018-12-12   Author: Sunil Hebbalkar

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

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MaxiTRANS to acquire bottom trailers maker Trout River Australia
Date: 2018-12-11   Author: Sunil Hebbalkar

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

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Telstra, TPG-Vodafone and Optus lead Australia’s 5G spectrum auctions
Date: 2018-12-10   Author: Pankaj Singh

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

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Morocco’s flag carrier Royal Air Maroc to join Oneworld airline group
Date: 2018-12-10   Author: Sunil Hebbalkar

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

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ContourGlobal sells 49% stake of its Spanish CSP assets for EUR 134M
Date: 2018-12-10   Author: Pankaj Singh

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

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New $34 million F&B incubator kicks off in East Garfield Park
Date: 2018-12-10   Author: Pankaj Singh

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

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Target to pay $7.4 million to settle illegal waste dumping lawsuit
Date: 2018-12-07   Author: Paroma Bhattacharya

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

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Nasdaq acquires Quandl for use of alternative & core financial data
Date: 2018-12-06   Author: Paroma Bhattacharya

The stock exchange will work closely with Quandl to deliver new insights and investment ideas The American stock exchange, Nasdaq recently announced the acquisiti...

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Paytm suspends in-app chat feature owing to costs involved in scaling
Date: 2018-12-05   Author: Pankaj Singh

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

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Jet Airways to decline services on seven Gulf routes following losses
Date: 2018-12-03   Author: Ojaswita Kutepatil

The Indian international airline Jet Airways, has reportedly announced its withdrawal from flight services on over seven Gulf routes, owing to its disappointing financial performance in the past three quarters. ...

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Fertilizer giant Nutrien to sell its stake in SQM to China’s Tianqi
Date: 2018-12-01   Author: Sunil Hebbalkar

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

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Xiaomi in talks with two more partners to expand presence in India
Date: 2018-11-29   Author: Ojaswita Kutepatil

Xiaomi has recently unveiled that it is planning to increase the number of manufacturing facilities in India. Reportedly, the Chinese smartphone and electronics maker is in active discussion with two component manufacturers to set the operations r...

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Luxury brand Kering teams with Apple for in-store mobile apps
Date: 2018-11-28   Author: Ojaswita Kutepatil

Tech-behemoth Apple, Inc., has recently announced its collaboration with Kering, a global luxury group and the parent company of major luxury fashion brands Gucci and Saint Laurent. Reportedly, the collaboration is intended to scale up the digital...

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Tencent signs partnership deal with Line on mobile payments in Japan
Date: 2018-11-27   Author: Saif Ali Bepari

Tencent Holdings Ltd., a renowned multinational investment holdings company based out of China, is reportedly joining forces with Japan’s Line to deploy mobile payment services in Japan. ...

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Logitech terminates discussions regarding Plantronics’ acquisition
Date: 2018-11-26   Author: Paroma Bhattacharya

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

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Enel announces plans to invest in 11.6GW of renewable energy capacity
Date: 2018-11-24   Author: Sunil Hebbalkar

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

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German grocer Lidl set to launch its first outlet in Pennsylvania
Date: 2018-11-23   Author: Saif Ali Bepari

Lidl Stiftung & Co., a renowned European discount supermarket chain headquartered in Germany, has reportedly announced that it would be making its Pennsylvania debut early in December of 2018 by launching its first...

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Coupang secures investment worth $2 bn from SoftBank’s Vision Fund
Date: 2018-11-22   Author: Sunil Hebbalkar

South Korea’s e-commerce major, Coupang has reportedly raised $2 billion through the SoftBank Vision Fund, which is alleged to be firm’s largest investment since Saudi journalist Khashoggi’s murder. T...

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Russia bags $1.5-billion deal to sell air defense missiles to India
Date: 2018-11-22   Author: Paroma Bhattacharya

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

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TCS, SAP partner on intelligent rail maintenance to support customers
Date: 2018-11-20   Author: Pankaj Singh

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

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Australian media firm Fairfax receives green light to merge with Nine
Date: 2018-11-19   Author: Saif Ali Bepari

Australian media company Fairfax has reportedly received the approval from its stakeholders to merge with television network Nine Entertainment. As per trusted sources, the merger has been made possible owing to the re...

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Biotech firm Roivant Sciences raises $200 million in a funding round
Date: 2018-11-19   Author: Ojaswita Kutepatil

Roivant Sciences, a Swiss company developing innovative drugs across a wide variety of therapeutic areas, and with backing from Japan’s SoftBank, has recently announced that it has raised USD 200 million in equit...

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Mindtree partners with Bengaluru’s IISc to support AI research
Date: 2018-11-18   Author: Paroma Bhattacharya

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

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Tata Group in talks of acquiring a controlling stake in Jet Airways
Date: 2018-11-16   Author: Ojaswita Kutepatil

Tata Group is reportedly inspecting Jet Airways’ books as the multinational corporation considers to grow its footprint in India’s growing air travel sector by potentially purchasing a stake in the cash-str...

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Avenue Capital to acquire 27% stake of Arcil from IDFC bank and others
Date: 2018-11-14   Author: Saif Ali Bepari

Renowned U.S.-based global investment firm Avenue Capital Group has reportedly announced that it intends to buy out a 27% stake in Asset Reconstruction Company (India) Ltd., also known as Arcil. ...

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India Power and consortium win 100MW solar park contract in Albania
Date: 2018-11-13   Author: Pankaj Singh

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

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Britain’s major firms in talks to implant employees with microchips
Date: 2018-11-12   Author: Paroma Bhattacharya

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

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Kaleido to speed up blockchain implementation with Kaleido Marketplace
Date: 2018-11-10   Author: Saipriya Iyer

Kaleido, in partnership with Amazon Web Services, has reportedly launched a new platform – called Kaleido Marketplace. As per authentic sources, the platform aims to deliver tools and protocols for the components...

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Nissan signs MoU with Ghana to develop vehicle manufacturing industry
Date: 2018-11-10   Author: Pankaj Singh

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

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Payscape teams up with CardFlight, takes SwipeSimple to U.S. merchants
Date: 2018-11-08   Author: Paroma Bhattacharya

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

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Rimini ensures 100% clean energy usage for Switch data centers
Date: 2018-11-07   Author: Saipriya Iyer

Rimini Street, Inc., has circulated an official announcement that it has achieved its goal of deploying 100% renewable energy at its data facility in Switch’s Data Centers. The renowned provider of enterprise sof...

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Webjet acquires Dubai’s DOTW to expand its hotel room business
Date: 2018-11-06   Author: Paroma Bhattacharya

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

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SGX to sign MoUs with CFA and ZJEA to reinforce partnerships in China
Date: 2018-11-05   Author: Pankaj Singh

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

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Tech Mahindra and BioNEST sign agreement to establish a bio-incubator
Date: 2018-11-05   Author: Pankaj Singh

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

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Swiggy expands food delivery service to 16 new cities in India
Date: 2018-11-02   Author: Saif Ali Bepari

Online food delivery platform Swiggy has reportedly announced to expand its presence in India by introducing services in sixteen new cities. The company stated that the new cities will include Tripura, Thrissur, Warang...

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Hong Kong listed Innovent Biologics gains around 20% on trading debut
Date: 2018-11-01   Author: Pankaj Singh

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

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EC to deepen investigation into ThyssenKrupp Tata Steel joint venture
Date: 2018-10-31   Author: Paroma Bhattacharya

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

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Mexico halts construction of the $13.3B Mexico City Airport project
Date: 2018-10-30   Author: Saif Ali Bepari

The incoming President-elect of Mexico Andrés Manuel López Obrador has reportedly announced that his government would be cancelling the construction of the partly-built $13.3 billion Mexico City Airport p...

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EU parliament approves law to restrict use of antibiotics on animals
Date: 2018-10-29   Author: Saif Ali Bepari

The European Parliament has reportedly agreed to pass a set of restrictions that curb the use of antibiotics on farm animals in an effort to stop the spread of superbugs resilient against medical treatment. ...

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WPP to sell major stake from its market research business Kantar Group
Date: 2018-10-27   Author: Sunil Hebbalkar

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

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FirstCry commences talks with SoftBank & Alibaba for $150M funding
Date: 2018-10-24   Author: Saif Ali Bepari

India’s online retailer of baby products, FirstCry is reportedly in discussions with Japan’s SoftBank Group Corporation and China’s Alibaba Group Holding Limited to raise approximately USD 100-150 mil...

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Grab to launch its new on-demand delivery service pilot in Singapore
Date: 2018-10-23   Author: Sunil Hebbalkar

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

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Addison Lee, Oxbotica collaborate to launch self-driving taxis by 2021
Date: 2018-10-22   Author: Pankaj Singh

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

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T-Mobile inks green contract to power HQ with clean energy by 2021
Date: 2018-10-20   Author: Saipriya Iyer

United States wireless network operator, T-Mobile US, Inc. has recently signed on for energy firm, Puget Sound Energy’s Green Direct program, giving the company access to a blend of local solar and wind renewable...

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Ford introduces new mid-size SUV in China to revive falling sales
Date: 2018-10-18   Author: Pankaj Singh

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

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Canopy Growth buys assets of hemp researcher Ebbu Inc for C$429m
Date: 2018-10-17   Author: Saif Ali Bepari

Canopy Growth Corporation has reportedly announced that it has signed an agreement to acquire the assets of ebbu, Inc., a leading hemp research firm based in Colorado. As per trusted sources, the transaction is said to...

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Tesla opens new 50-stall charging station in Kowloon bay, Hong Kong
Date: 2018-10-17   Author: Sunil Hebbalkar

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

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E-scooter start-ups Bird Rides and Lime looking for more funding
Date: 2018-10-15   Author: Saif Ali Bepari

Two renowned Silicon Valley-based e-scooter rental start-ups Lime and Bird Rides are reportedly seeking new funding with more loftier valuations. Reports cite, the two companies, who are just a few months shy of being ...

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Singapore Airlines restarts direct service between NY & Singapore
Date: 2018-10-13   Author: Sunil Hebbalkar

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

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Altria stocks surge on rumors of its supposed investment in pot firm
Date: 2018-10-12   Author: Pankaj Singh

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

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Xiaozhu raises around USD 300 million from Jack Ma’s Yunfeng Capital
Date: 2018-10-11   Author: Ojaswita Kutepatil

A Beijing-based Chinese start-up Xiaozhu, which has a similar business model as that of U.S. company Airbnb, has recently announced that it has raised USD 300 million in a funding round led by Yunfeng Capital, amid wit...

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Wind River, BT to develop Edge Cloud Computing 5G applications
Date: 2018-10-08   Author: Sunil Hebbalkar

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

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BP and Aker BP sign cooperation agreement for technology advancement
Date: 2018-10-07   Author: Paroma Bhattacharya

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

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Boeing expands the usage of Siemens Mentor Graphics software
Date: 2018-10-04   Author: Sunil Hebbalkar

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

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Mazda to launch an electric car & a rotary engine hybrid by 2020
Date: 2018-10-03   Author: Saif Ali Bepari

Japanese automobile giant Mazda has reportedly announced that it will roll out its first two electric cars in 2020. As per trusted sources, the company will be releasing a full battery EV and a rotary engine hybrid ran...

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Tencent announces new restructuring strategy amid rising challenges
Date: 2018-10-02   Author: Paroma Bhattacharya

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

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Uber commits $10m to sustainable and eco-friendly mobility in cities
Date: 2018-09-28   Author: Pankaj Singh

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

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Merck, Accenture & Amazon AWS join forces to develop cloud platform
Date: 2018-09-25   Author: Sunil Hebbalkar

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

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CCCS levies a S$13M fine on ride-hailing giants Uber and Grab
Date: 2018-09-24   Author: Saipriya Iyer

The Competition and Consumer Commission of Singapore (CCCS) has reportedly fined a total of S$13 million to Uber and Grab over their merger, stating that the agreement has resulted in significant damage to competitors ...

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Australia faces strawberry safety scare, Woolworths halts needle sales
Date: 2018-09-22   Author: Sunil Hebbalkar

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

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Instacart and ALDI expand delivery partnership to 35 U.S. states
Date: 2018-09-20   Author: Saif Ali Bepari

The U.S.-based grocery retailer ALDI has reportedly formed a partnership with Instacart to expand its delivery services throughout the nation. Apoorva Mehta, CEO of Instacart, stated that the partnership was a result o...

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Sirius Minerals inks massive polyhalite supply deal with Cibra Group
Date: 2018-09-18   Author: Pankaj Singh

Sirius Minerals, the renowned U.K. based fertilizer development company, has recently announced its largest supply deal for its £3.2bn York Potash mine. According to sources familiar with the matter, the long-ter...

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Newtec & Arabsat expand partnership to launch new HTS service
Date: 2018-09-17   Author: Saif Ali Bepari

Satellite equipment expert Newtec has reportedly expanded its long-term partnership with Middle Eastern satellite operator Arabsat by signing a new multi-million dollar contract. As per trusted sources, the contract will help the companies...

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Chinese EV maker Nio lowers IPO target to $1.5B before U.S. listing
Date: 2018-09-14   Author: Pankaj Singh

China based electric vehicle manufacturer Nio has reportedly cut down the target for its NYSE listing to $1.5 billion after releasing a price range for its shares. Citing reliable sources, the company plans to sell 184...

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Six new solar and wind farms to boost energy development in Ballarat
Date: 2018-09-13   Author: Pankaj Singh

Six new solar and wind projects have been announced for Victoria, a step that the Committee For Ballarat believes is aligned with the development of Ballarat’s renewable training center. ...

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Solar Alliance completes 22.6 KW project for AAMCO with REAP grant
Date: 2018-09-13   Author: Saif Ali Bepari

Solar Alliance Energy has reportedly announced to have installed a 22.6-kW solar system for AAMCO automotive service center located in Lebanon, Tennessee. As per trusted sources, the project was awarded the USDA Rural ...

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Alibaba co-founder Jack Ma to step down as chairman in September 2019
Date: 2018-09-10   Author: Saif Ali Bepari

The Co-founder and Executive Chairman of Alibaba Group Jack Ma reportedly announced that he intends to retire next year in September. Reports cite, Ma plans to hand over the reins of the company to Daniel Zhang, the cu...

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British Airways unveils codeshare agreement with India’s Vistara
Date: 2018-09-09   Author: Saif Ali Bepari

UK’s largest airline, The British Airways, recently announced a codeshare agreement with Indian domestic airline firm, Vistara, a move that would allow passengers to book flights directly to London from destinati...

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Ryanair accuses UK air traffic controller NATS of discrimination
Date: 2018-09-09   Author: Saif Ali Bepari

Irish low-cost airline Ryanair has reportedly accused NATS, the UK air traffic control provider, of discrimination against the London Stansted airport, the largest base of the carrier. As per trusted sources, Ryanair c...

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Broadcasting platform Caffeine raises $100M from 21st Century Fox
Date: 2018-09-07   Author: Ojaswita Kutepatil

Caffeine, the much-hyped social streamer startup has recently unveiled that it has raised more than USD 100 million in a fundraising round led by the 21st Century Fox. Reportedly, the new financing will be u...

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MannKind & United Therapeutics sign collaboration deal for PAH drug
Date: 2018-09-06   Author: Ojaswita Kutepatil

Two of the renowned U.S. based biotechnology companies, MannKind Corporation and United Therapeutics have recently inked a deal for the former’s PAH drug candidate. Reportedly, the new partnership is expected to ...

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EE’s latest plan allows customers to upgrade their devices anytime
Date: 2018-09-06   Author: Saif Ali Bepari

The British mobile network operator EE has reportedly launched ‘Upgrade Anytime’ plans which allow customers to upgrade their phones before their 24-month contract expires. Sources reported that in order to...

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OSN and Huawei team up to deliver IPTV solution in the Middle East
Date: 2018-09-05   Author: Saif Ali Bepari

OSN has reportedly announced to have signed a Memorandum of Understanding (MoU) with China’s Huawei Technologies, a leading provider of information and communication technology devices. As per trusted sources, th...

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Ride-sharing giant Didi Chuxing mulls over investing in Oyo Rooms
Date: 2018-03-09   Author: Pankaj Singh

Beijing based ride-sharing giant Didi Chuxing is reportedly considering to invest in the Indian hospitality service and budget hotel network Oyo Rooms. Sources familiar with the matter hinted that the anticipated inves...

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Amsterdam selected as new headquarters for Japans Panasonic
Date: 2018-09-03   Author: Pankaj Singh

Japanese electronics corporation, Panasonic has reportedly made plans to move its European headquarters from London to Amsterdam in a bid to avoid potential tax related issues linked to the approaching Brexit in Octobe...

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Is the legalization of medical marijuana changing the healthcare dynamics of North America?
Date: 2018-09-03   Author: Ojaswita Kutepatil

Empowered by the recent developments in the United States, Canada, and Mexico, it would seem that the North America medical marijuana industry is on the cusp of a monumental shift in its drug policy & the criminal ...

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Nova Scotia inks a $286 million deal for home care and mental health
Date: 2018-09-02   Author: Saif Ali Bepari

The province of Nova Scotia has reportedly announced to have signed a bilateral deal for home care and mental health in Halifax. As per the terms of the agreement, Nova Scotia would receive $286 million for over 10 yea...

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IIVS, Givaudan & BASF join forces for legalizing a non-animal test
Date: 2018-08-30   Author: Sunil Hebbalkar

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

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Airtel partners with Netflix to offer a 3-month free subscription
Date: 2018-08-29   Author: Paroma Bhattacharya

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

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Affimed signs $96M deal with Genentech to develop new cancer drug
Date: 2018-08-28   Author: Sunil Hebbalkar

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

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Steel magnate SAIL plans to shut down its non-operational JV companies
Date: 2018-08-27   Author: Saipriya Iyer

India's largest steel maker, SAIL (Steel Authority of India) has reportedly taken steps to pull down the shutters on some of its joint venture firms. According to the company’s annual report 2017-18, these fi...

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Singapore’s OCBC unveils automated investment platform RoboInvest
Date: 2018-08-26   Author: Pankaj Singh

Singapore’s Oversea-Chinese Banking Corp. Limited has reportedly launched a next generation algorithm based investment service platform, RoboInvest, for offering smart investment solutions targeted at young and t...

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PTC India might quit wind energy business as tariffs hit a record low
Date: 2018-08-25   Author: Pankaj Singh

PTC India Ltd. (PTC), India’s electricity trader, has reportedly made plans to exit the wind energy business in response to the remarkable fall in renewable power tariffs in India. In order to exit the wind ...

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Flipkart unveils 2GUD, aims to sell certified refurbished goods online
Date: 2018-08-24   Author: Pankaj Singh

Indian eCommerce giant Flipkart has recently launched a new website exclusively for selling refurbished products. Sources claim that the new portal, named 2GUD, will be similar to other e-commerce websites that sell el...

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Saudi’s PIF in discussions about investing in Tesla’s competitor Lucid
Date: 2018-08-21   Author: Pankaj Singh

The Public Investment Fund of Saudi Arabia is reportedly in talks about pouring in capital in Lucid Motors Inc., Tesla’s aspiring business rival. The Saudi Arabian sovereign wealth fund is the one which Elon Musk...

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Boeing flies high as it takes on U.S. based Millennium Space Systems
Date: 2018-08-19   Author: Pankaj Singh

Boeing Co., the aerospace giant, has reportedly announced that it is planning to take over El Segundo (California) based Millennium Space Systems, the official military satellite contractor, in a bid to expand its sate...

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Walmart and JD.com provide $500m funding to Chinese logistics company
Date: 2018-08-12   Author: Pankaj Singh

Dada-JD Daojia, a Chinese online grocery delivery service has reportedly raised USD 500 million in a recent funding round led by U.S. retail giant Walmart and Chinese e-commerce company JD.com. Sources inform that the ...

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3D Systems & GF Machining team up to develop factory of the future
Date: 2018-08-10   Author: Saif Ali Bepari

South Carolina based 3D Systems has reportedly announced a partnership with GF Machining Solutions with the aim of redefining how manufacturers think about their manufacturing setup. Sources cite that the new manufactu...

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ITV invests USD 1 billion with Hollywood giants to launch NewT
Date: 2018-08-09   Author: Ojaswita Kutepatil

ITV, a commercial television channel of the United Kingdom has reportedly collaborated with major Hollywood studios including 21st Century Fox, Disney, and others. Two huge Wall Street banks and the billionaire Walton ...

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USDA FSIS awards pathogen detection device usage contract to 3M
Date: 2018-08-08   Author: Saif Ali Bepari

The U.S. Department of Agriculture Food Safety and Inspection Services (USDA FSIS) has reportedly awarded a contract to 3M Corporation for the use of pathogen detection kits for food safety. ...

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China’s Didi will invest $1 billion in its auto services business
Date: 2018-08-07   Author: Pankaj Singh

China’s ride-sharing behemoth Didi Chuxing announced an investment of $1 billion in its auto services business, which is said to be associated with a larger unit rebranding as the firm prepares for a sought-after...

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Gaorong Capital, CMBI to co-lead a $26m funding for Chinese AI startup
Date: 2018-08-06   Author: Pankaj Singh

In an announcement made by Tianrang, the Chinese AI startup confirmed that Gaorong Capital and CMB International (CMBI) will jointly lead a RMB 180 million (USD 26 million) Series A funding round for investing in the c...

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RideOS raises USD 25 million to advance roll out of self-driving cars
Date: 2018-08-05   Author: Saif Ali Bepari

RideOS, a cloud-based transportation management and mapping platform, has revealed in a recent announcement to have raised $25 million in Series B funding round. Apparently, the round was led by Next47, a global ventur...

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Medical diagnostics startup bags $23 million in venture funding
Date: 2018-08-03   Author: Pankaj Singh

Mammoth Biosciences, a biotech startup researching on the first ever CRISPR-based disease detection platform has reportedly announced today that it has raised $23 million in a funding round led by Silicon Valley’...

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Accent Group trumps retail competition with same-day delivery service
Date: 2018-07-31   Author: Saipriya Iyer

Australia’s Accent Group is reportedly planning to roll out same-day delivery services across its shoe retailer network. As per sources, the move comes on the heels of a majority of Australian retailers presently...

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Grubhub to acquire loyalty service platform LevelUp for $390 million
Date: 2018-07-30   Author: Pankaj Singh

Grubhub, the online food-delivery company, has announced today that it plans to buy out LevelUp for USD 390 million in cash. The announcement was made during the release of Grubhub’s second quarter earnings repor...

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China gives the green signal for the Essilor-Luxottica collaboration
Date: 2018-07-30   Author: Saipriya Iyer

China has reportedly announced its approval for the partnership between the France based lens-maker Essilor and the Italian eyewear company Luxottica – the famous maker of Oakley and Ray-Ban sunglasses. According...

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GSK’s two-drug HIV treatment clears key clinical assessments
Date: 2018-07-26   Author: Saif Ali Bepari

GlaxoSmithKline, a British pharmaceutical company, has announced through clinical study results that their two-drug HIV treatment works just as well as the conventional triple therapy, even for individuals with compara...

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Apollo inks deal for Lifepoint buyout, aims to expand rural healthcare
Date: 2018-07-25   Author: Ojaswita Kutepatil

Apollo Global Management, LLC, a private equity establishment, reportedly plans to buy LifePoint Health in a $5.6 billion deal intended to expand its interests in developing rural U.S hospital business. The deal, as pe...

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Ofgem proposes flexible charging to support electric cars revolution
Date: 2018-07-24   Author: Saif Ali Bepari

Ofgem, the UK energy regulator, has apparently recommended numerous reforms such as flexible charging to boost the electric cars revolution. According to trusted sources, the implementation of these reforms could allow...

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Founders Factory chooses M&S as its retail investor in the UK
Date: 2018-07-24   Author: Saipriya Iyer

Brent Hoberman, founder of Lastminute is set to up the ante in vertical market-specific accelerator construction with his new project, Founders Factory Retail, in collaboration with Marks & Spencer. Incidentally, M...

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ComfortDelGro announces trial of new fully electric taxis in Singapore
Date: 2018-07-21   Author: Pankaj Singh

ComfortDelGro, a land transport company operating in seven countries, announced on Thursday that the trial of two fully electric taxis having fast-charging capabilities has commenced in Singapore. The two Hyundai Ioniq...

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Grab-NUS deal to focus on mitigating urban transportation issues
Date: 2018-07-20   Author: Pankaj Singh

Technology company Grab and the National University of Singapore (NUS) have reportedly formed a collaboration for an AI laboratory. The deal had been signed with the intention of brainstorming solutions for traffic con...

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Walmart & Microsoft join hands, plan to take on rival Amazon
Date: 2018-07-18   Author: Pankaj Singh

Walmart confirmed that it has entered a five-year partnership with Microsoft for using its cloud services and concentrating on additional projects based on artificial intelligence, machine learning and data platforms. ...

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Aston unveils Volante Vision Concept, takes aircrafts to skies by 2020
Date: 2018-07-17   Author: Ojaswita Kutepatil

British luxury carmaker, Aston Martin has recently revealed its luxury concept aircraft with VTOL (vertical take-off and landing) capabilities. Previewed as the Volante Vision Concept, sources reveal that it has been p...

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IHH Healthcare wins takeover bid of Fortis for RM2.34 billion
Date: 2018-07-15   Author: Pankaj Singh

After winning a month-long war against domestic and international bidders, India’s Fortis Healthcare Ltd has unveiled that it has accepted an investment offer from IHH Healthcare Bhd. According to the sources fam...

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Grab launches GrabFresh, penetrates on-demand grocery delivery market
Date: 2018-07-10   Author: Saipriya Iyer

Grab a technology based company in Singapore, reportedly announced that it has decided to mark its presence in the on-demand grocery delivery industry. The firm plans to introduce its new app called GrabFresh in partne...

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China looking to buy a majority stake in British nuclear power plants
Date: 2018-07-09   Author: Pankaj Singh

China General Nuclear Power Group (CGN) is rumored to be interested in purchasing a majority stake in eight nuclear power plants in Britain, a deal that could be valued at around £4 billion (HK$41.71 billion). Th...

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Boeing to acquire majority stake in Embraer’s commercial operations
Date: 2018-07-08   Author: Pankaj Singh

The U.S. aerospace behemoth Boeing has signed a joint venture agreement with Embraer that may reportedly give the former prime control of the Brazil industry major’s commercial jet business. The deal is slated to...

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Guess and Alibaba collaborate to unveil AI concept for fashion stores
Date: 2018-07-06   Author: Satarupa De

American clothing brand and retailer Guess, has recently teamed up with Alibaba, the Chinese e-commerce giant to bring forth the potential of artificial intelligence in the fashion industry. This partnership has appare...

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Utilitywise inks agreement with Dell and Vodafone on IoT platform
Date: 2018-07-05   Author: Satarupa De

Leading utility consultancy, Utilitywise has recently made its way to the front page with the news of its collaboration with tech giants Dell EMC and Vodafone for launching an innovative IoT platform.  Allegedly, ...

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China to soon launch Fruquintinib, its self-developed anti-cancer drug
Date: 2018-07-02   Author: Ojaswita Kutepatil

The China Food & Drug Administration has reportedly acknowledged an approval of the anti-cancer drug, Fruquintinib, for the treatment of patients with advanced colorectal cancer. Allegedly, the drug is likely to be...

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Honda to halt the development of its revolutionary Asimo robot
Date: 2018-07-01   Author: Pankaj Singh

Honda will reportedly stop the development of its humanoid robot Asimo, which the company had introduced to the world in 2000.  Named after the famous science fiction writer Isaac Asimov and credited to be the fir...

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Testing to commence at UAE backed offshore wind project in Scotland
Date: 2018-06-30   Author: Pankaj Singh

Batwind, a revolutionary system to store clean energy produced from world’s first floating wind farm of a commercial scale, will reportedly start testing from next month. Considered to be a momentous achievement ...

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RSPO suspends Nestlé membership on failure to comply with requirements
Date: 2018-06-30   Author: Pankaj Singh

The Roundtable on Sustainable Palm Oil (RSPO) has reportedly suspended the membership of food and drink conglomerate Nestle, citing failure to submit palm oil sustainability reports and overdue membership fee. Subseque...

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L’Oréal and Alibaba join hands to propagate green packaging in China
Date: 2018-06-29   Author: Pankaj Singh

L’Oréal, the world’s largest cosmetics company, and Alibaba Group have scarcely signed an agreement indicating their commitment towards reducing waste and using environment friendly packaging for all...

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InMobi-Microsoft tie-up to help enterprises shift to mobile marketing
Date: 2018-06-28   Author: Satarupa De

InMobi, an India based mobile advertising and discovery platform, has apparently announced to have teamed up with Microsoft Corp. as a part of a technology collaboration, in a bid to help enterprises adopt cloud based ...

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CashShield raises $20 million in funding round led by Temasek and GGV
Date: 2018-06-28   Author: Paroma Bhattacharya

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

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Prominent online retailers to pull out “unsafe” products from Europe
Date: 2018-06-27   Author: Pankaj Singh

The European Commission has been able to sign an agreement with four of the world’s foremost online retail platforms- Amazon, AliExpress, eBay and Rakuten, to dispose off goods which are identified as dangerous w...

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Australian beverage makers commit to curb sugar content by 20% by 2025
Date: 2018-06-26   Author: Satarupa De

In the face of the spreading obesity epidemic in Australia, the continent’s leading beverage giants Coca-Cola and Pepsi have apparently pledged to reduce the sugar content in their soft drinks by almost 20% by 20...

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JSW Steel offers USD 500M to refurbish Acero Junction Unit in U.S.
Date: 2018-06-24   Author: Dhananjay Punekar

JSW Steel Limited, the flagship firm of JSW Group, has decided to allocate $500 million for its newly acquired Acero Junction Inc. Reportedly, the investment will mark JSW Steel’s total investment plan across U.S...

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Microsoft advances efforts in AI development, buy Berkeley firm Bonsai
Date: 2018-06-22   Author: Pankaj Singh

Following the trend of IT giants buying out promising businesses, Microsoft will soon acquire Bonsai, a small startup in the artificial intelligence domain based out of Berkeley. Although the value of this deal was not...

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Australia to ban Huawei’s participation in 5G mobile telecom rollout
Date: 2018-06-19   Author: Dhananjay Punekar

In a major blow to China-Australia relations, Australia is planning to exclude Huawei from the list of participants invited for the 5G mobile telecom rollout in the country. Reportedly, the country fears that the Chine...

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Siemens pioneers facility to use ammonia for renewable energy storage
Date: 2018-06-18   Author: Dhananjay Punekar

Siemens AG, a German firm headquartered in Munich, has inaugurated a £1.5 million pilot venture in Oxfordshire, with an aim to promoting the use of ammonia as a new kind of energy storage. Reportedly, the firm wa...

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Shell offers engineering contract to Subsea 7 for Penguins Project
Date: 2018-06-14   Author: Dhananjay Punekar

Royal Dutch Shell PLC, a renowned oil & gas firm, has offered Subsea 7 S.A., a UK based engineering, construction, and services firm, a contract for the redevelopment of its Penguins oil & gas field located in ...

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KBA orders Daimler to immediately recall selected Mercedes models
Date: 2018-06-13   Author: Saipriya Iyer

The German Transport Ministry, amidst a series of punitive actions, has ordered Mercedes to recall 774,000 vehicles across Germany. The move comes after automotive giant Daimler was found to have fitted illegal softwar...

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BBOXX signs VAT exemption deal to offer solar power in Congo
Date: 2018-06-12   Author: Dhananjay Punekar

BBOXX Limited, a venture backed firm offering cost-effective & clean energy to off-grid communities of developing nations, has apparently decided to provide solar energy to the Democratic Republic of Congo. For the...

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Signature HealthCARE agrees to pay $30mn to resolve allegations
Date: 2018-06-12   Author: Dhananjay Punekar

Signature HealthCARE, a major provider of long term nursing care service, has declared to make payments worth USD 30 million for settling issues raised against the firm. Reportedly, the allegations claimed that the com...

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India benefits from China reforms, solar cell prices hit record low
Date: 2018-06-10   Author: Paroma Bhattacharya

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

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Ant Financial plans to accelerate expansion, raises funds worth $14bn
Date: 2018-06-09   Author: Paroma Bhattacharya

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

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GM to bring hands-free driving on all Cadillac car models by 2020
Date: 2018-06-08   Author: Dhananjay Punekar

General Motors has announced that it is going to provide hands-free driving facility in all its Cadillac car models by 2020. Currently called Super Cruise, the system is now available only on the CT6 luxury sedan. Repo...

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Microsoft launches Project Natick, installs data center under sea
Date: 2018-06-08   Author: Dhananjay Punekar

As a part of its energy-saving initiative, Microsoft Corp. has submerged a huge data center under the sea off Orkney in the North of Scotland. As per the official statement, Project Natick, as the initiative is tentati...

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Facebook announces data sharing contracts with renowned Chinese firms
Date: 2018-06-07   Author: Satarupa De

Social media giant Facebook, this Thursday, has officially confirmed its data sharing agreements with at least four Chinese electronics companies, including the world’s third largest smartphone producer Huawei. F...

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Fred’s sells specialty pharmacy to CVS, plans further divestures ahead
Date: 2018-06-06   Author: Paroma Bhattacharya

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

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McDonald’s to expand its outlet portfolio with self-service kiosks
Date: 2018-06-06   Author: Saif Ali Bepari

The fast-food giant McDonald’s Corporation has apparently revealed in its recent announcement that it plans to increase the number of outlets with self-service kiosks. As per reliable sources, the Illinois based ...

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Italy’s UniCredit mulls over plausible merger with French rival SocGen
Date: 2018-06-05   Author: Pankaj Singh

The Italian bank UniCredit S.p.A. is reportedly seeking a potential merger opportunity with the French multinational bank Société Générale S.A (SocGen). Sources revealed that if deal comes t...

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Microsoft Inc. plans to acquire popular code repository GitHub Inc.
Date: 2018-06-04   Author: Dhananjay Punekar

Software major Microsoft has been reported to go ahead with its plans of acquiring GitHub Inc., a popular web-based hosting service. Apparently, the acquisition will help Microsoft avail services of twenty-seven millio...

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NextEra Energy & Entergy jointly authorize Stuttgart solar energy unit
Date: 2018-06-02   Author: Dhananjay Punekar

Entergy Arkansas, a U.S. firm involved in electric power production and retail distribution, and NextEra Energy Resources have reportedly commissioned the Stuttgart Solar Energy facility at Arkansas in the U.S. The new...

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Siemens-Knikatnu tie-up to propose a micro LNG plant at Houston
Date: 2018-06-01   Author: Saif Ali Bepari

The German industrial manufacturing giant, Siemens AG, has revealed in its recent announcement that it plans to build a modular ‘micro’ liquified natural gas facility at Houston. The construction will appar...

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Facebook to begin construction of data center at Eagle Mountain, Utah
Date: 2018-05-31   Author: Dhananjay Punekar

Social media giant Facebook has apparently announced its decision to construct a data center facility spanning 970,000 square feet at Eagle Mountain in the state of Utah, United States. The new venture signifies USD 75...

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CWP & Partners Group to jointly build 1,300MW of renewable projects
Date: 2018-05-30   Author: Dhananjay Punekar

CWP Renewables, an Australia-based renewable energy firm, has joined hands with Partners Group AG, a private equity firm on the construction of wind, battery, and solar projects with a total capacity of 1300MW. The ven...

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EU proposes changes to IP rules, legalizes generic drug production
Date: 2018-05-30   Author: Dhananjay Punekar

The European Commission has decided to make amendments in its intellectual property legislations in order to encourage pharmaceutical firms to manufacture generic medicines. The drug production would be slated for the ...

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Toyota & Suzuki extend partnership to lead India automotive market
Date: 2018-05-28   Author: Dhananjay Punekar

In what may seem to be a strategic move to retain dominance in India automotive industry, the Japanese automaker Toyota Motor Corporation has decided to further extend its business relationship with Suzuki in jointly m...

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Strata Oncology generates USD 26 million via Series B funding round
Date: 2018-05-27   Author: Dhananjay Punekar

Strata Oncology, a Michigan headquartered precision medicine startup, has reportedly, in its series B round, closed the funding at nearly USD 26 million. If sources are to be believed, Pfizer Venture Investments & Merck Global Health Innovatio...

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Apple & Volkswagen join hands to manufacture self-driving vans
Date: 2018-05-26   Author: Saif Ali Bepari

Apple has apparently teamed up with the German automotive giant Volkswagen to manufacture self-driving vehicles that would ferry employees across its campuses. As per reliable sources, the latest collaboration would pr...

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Tesco Plc bans non-recyclable packaging for its own products
Date: 2018-05-25   Author: Dhananjay Punekar

Tesco Plc, a UK based grocery & general merchandise retailer, has decided to impose a ban on all non-recyclable packaging on its own products. The decision is apparently aimed at reducing the proportion of plastic ...

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JetBlue-backed Zunum planning to bet big on hybrid-to-electric planes
Date: 2018-05-23   Author: Sunil Hebbalkar

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

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Grab & Maybank team up to drive adoption of mobile wallets in Malaysia
Date: 2018-05-23   Author: Dhananjay Punekar

Grab, the globally renowned Singapore headquartered ride-hailing firm, is reportedly planning to collaborate with Malayan Banking Bhd, the biggest bank in Malaysia. The partnership is targeted toward encouraging the ap...

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Sembcorp Marine & Shell Offshore ink a deal for Shell’s Vito FPU
Date: 2018-05-22   Author: Dhananjay Punekar

Sembcorp Marine Limited, a division of Sembcorp Industries, has apparently entered into an agreement with Shell Offshore Inc., a crude oil & natural gas producer and a division of Royal Dutch Shell PLC. The deal ha...

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AGL remains stubborn on Liddell closure, rejects Alinta’s purchase bid
Date: 2018-05-21   Author: Dhananjay Punekar

AGL Energy Limited, a public listed firm in Australia involved in both the production & retailing of electricity & gas, has apparently rejected Alinta Energy’s USD 250 million bid for the Liddell power st...

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China scraps anti-subsidy probe to resolve trade dispute with U.S.
Date: 2018-05-20   Author: Dhananjay Punekar

China has reportedly done away with its anti-dumping and anti-subsidy investigation against the sorghum imports from the U.S., with an intention to resolve its trade conflicts with the U.S. According to the Ministry of...

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Brisbane City Council votes to ban single-use bottles & plastic straws
Date: 2018-05-19   Author: Dhananjay Punekar

The Brisbane City Council, one of Australia’s largest metropolitan jurisdictions, has apparently announced to become the most environment friendly council after it pledged to ban single-use plastic bottles, heliu...

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Santos’s Board support for Harbour’s bid treading on uncertain waters
Date: 2018-05-18   Author: Dhananjay Punekar

Harbour Energy, a U.S. based energy investment firm, is still doubtful over its plans to acquire Santos, a leading oil & gas producer, for nearly USD 13.7 billion. Sources cite that after nearly a month of diligenc...

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Total requests for sanction waiver to continue with South Pars project
Date: 2018-05-18   Author: Dhananjay Punekar

Total S.A., a France-based Oil & Gas firm, has threatened to withdraw from the proposed natural gas venture in Iran if the U.S. President persists with his decision of not waiving off the secondary sanctions on int...

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Apple sues Samsung for $1 bn over smartphone design patent violation
Date: 2018-05-17   Author: Dhananjay Punekar

In what may seem to be one of the most iconic litigation issues witnessed across the tech industry, Apple Inc. is demanding damages worth USD 1 billion from Samsung on the grounds of its smartphone copyright infringeme...

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Japan car parts maker Yazaki hit with $46mn penalty for cartel conduct
Date: 2018-05-16   Author: Saif Ali Bepari

Yazaki Corporation, a Japanese car parts manufacturer, has reportedly been fined with a record penalty of around USD 46 million for anti-competitive cartel conduct by Australia’s Federal Court. As per reliable so...

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Xerox kills deal with Fujifilm, inks new agreement with Icahn & Deason
Date: 2018-05-14   Author: Satarupa De

Xerox, the iconic American global photocopier corporation, has made it clear in its most recent official statement, that it would terminate its iconic 6.1-billion-dollar deal with the Japanese company Fujifilm. Instead...

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Walmart to terminate grocery delivery alliances with Lyft & Uber
Date: 2018-05-14   Author: Saif Ali Bepari

Walmart, the foremost retail corporation based in U.S., has apparently announced that it plans to very soon end its grocery delivery experiment with ride hailing moguls Lyft and Uber. As per reliable sources, the groce...

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Cadent moves ahead to create UK’s first large-scale hydrogen network
Date: 2018-05-13   Author: Ojaswita Kutepatil

Gas distribution giant Cadent has recently announced that it will be investing over £900 million in developing UK’s first-of-its-kind large scale hydrogen network in the North West of England. Reportedly, t...

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Canon on its way to acquire the Israeli video analysis firm BriefCam
Date: 2018-05-11   Author: Paroma Bhattacharya

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

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Vodafone buys broadband & cable assets of Liberty Global for EUR 18bn
Date: 2018-05-11   Author: Saif Ali Bepari

In a bid to transform its services portfolio, the British telecommunications behemoth Vodafone has apparently inked an agreement worth EUR 18.4 billion to acquire the broadband and cable TV businesses of Liberty Global...

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ISA and TAU Ventures to launch Xcelerator for emerging startups
Date: 2018-05-10   Author: Ojaswita Kutepatil

The Israel Security Authority (ISA), also popularly known as Shin Bet in Hebrew, in partnership with the venture capital fund TAU Ventures, has recently announced that they will be launching a startup accelerator progr...

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Sears offers tire installation services for orders from Amazon brands
Date: 2018-05-10   Author: Satarupa De

Renowned integrated retailer, Sears Holdings has recently made it to the headlines with the news of its renewed partnership with Amazon. As per authentic sources, through this collaboration, Sears Auto Centers would be...

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Quebecor to repurchase its stake in Caisse for USD 1.69 billion
Date: 2018-05-09   Author: Ojaswita Kutepatil

Quebecor Inc., a communications company, has recently announced that it has entered into a definitive agreement with Quebecor Media Inc. to gain control of the Caisse de dépôt et placement du Québec...

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Walmart to alter opioid prescription policies at its pharmacies
Date: 2018-05-08   Author: Ojaswita Kutepatil

In a bid to curb opioid misuse and abuse, Walmart Inc., has announced that it will only fill first-time opioid prescriptions for acute pain to seven days or even less across the United States. Reportedly, the initiativ...

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AstraZeneca inks a $538 million sales rights contract with Luye Pharma
Date: 2018-05-08   Author: Saif Ali Bepari

The Anglo-Swedish pharmaceutical major AstraZeneca has apparently announced to have sold the rights for Seroquel and Seroquel XR treatments, to Luye Pharma for an approximate $538 million. As per reports, the deal is i...

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KEPPEL to raise over S$300 mn for the purchase of Jurong’s data center
Date: 2018-05-07   Author: Dhananjay Punekar

KEPPEL DC Reit, a real estate investment trust firm based in Singapore, has declared that it is planning to raise funds worth S$303.10 million through a private placement for acquiring a new data center. The firm may p...

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UBTECH Robotics receives USD 820 million through Series C funding
Date: 2018-05-07   Author: Dhananjay Punekar

UBTECH Robotics Inc., a China based manufacturer of intelligent robotic systems, has declared the closure of the Series C funding round, which was estimated at USD 820 million. Reportedly, the fund-raising round was le...

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DHL deploys second Boeing 747-400F airfreight to meet Asian demand
Date: 2018-05-04   Author: Paroma Bhattacharya

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

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Ellgia inks an agreement with Ferrybridge to create energy from waste
Date: 2018-05-01   Author: Saif Ali Bepari

The UK based waste and recycling management firm, Ellgia Limited has apparently announced to have secured a contract to supply refuse derived fuel (RDF) to Ferrybridge Multifuel Energy Limited (FM1). As per reliable so...

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Prologis signs billion-dollar pact to buy DCT Industrial Trust
Date: 2018-04-30   Author: Dhananjay Punekar

Prologis Incorporation, a world leader across the logistics real estate sector, has proclaimed that it plans to buy DCT Industrial Trust Inc., a real estate major based in the U.S. The deal has been valued at USD 8.4 b...

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SIA to launch nonstop 19-hour flight from Singapore to New York
Date: 2018-04-29   Author: Ojaswita Kutepatil

Singapore Airlines (SIA) in its recent announcement has unveiled that it will soon be picking up its new ultra-long-range aircraft in Q3 2018, to launch a non-stop flight to New York that will commence by the end of th...

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Tencent decides to launch its first Asean data center in Cyberjaya
Date: 2018-04-28   Author: Dhananjay Punekar

Tencent Holdings Limited, a China based investment holding firm, and Tourism Malaysia are planning to jointly set up a data center in Cyberjaya, Malaysia. Sources claim that the strategic move is a part of the Smart To...

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Ohmio Automotion signs 150 autonomous shuttle deal with SolaSeaDo
Date: 2018-04-26   Author: Dhananjay Punekar

In what may be remarkably touted as one of the biggest transactions in the autonomous space, Ohmio Automotion, a New Zealand based automobile manufacturer, has signed a deal with SolaSeaDo. The Kiwi company has entered...

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Go-Jek & ComfortDelGro to discuss ways for a potential partnership
Date: 2018-04-25   Author: Dhananjay Punekar

Go-Jek, a ride-hailing app provider based in Indonesia, is apparently trying to enter into a joint venture with ComfortDelGro Corp., a Singapore based land transport firm. Earlier, ComfortDelGro Corporation had signed ...

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Ryanair places an order for 25 additional 747 MAX jets with Boeing
Date: 2018-04-25   Author: Dhananjay Punekar

Ryanair DAC, the Dublin headquartered low-cost airliner, has reportedly decided to purchase an additional of 25 Boeing 737 MAX jets valued at nearly USD 3 billion at list price. The deal would potentially increase its ...

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Amazon, Netflix tie up with studios to file litigation against Set TV
Date: 2018-04-24   Author: Dhananjay Punekar

Amazon Inc., the globally reputed eCommerce magnate, and the U.S. based entertainment firm Netflix, have partnered with several Hollywood studios to sue rival Set TV’s streaming business. Some of the top names in...

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Azalea to provide access to PE investments for retail investors
Date: 2018-04-24   Author: Dhananjay Punekar

Azalea Investment Management, a division of the Singapore based Temasek Holdings Private Limited, has apparently been attempting to provide access for private equity investors. Reports state that the access is likely t...

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Humana & PE firm consortium to buy Curo Health for $1.4 billion
Date: 2018-04-23   Author: Paroma Bhattacharya

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

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Bill 13 to ensure energy retailers attend to billing complaints pronto
Date: 2018-04-21   Author: Paroma Bhattacharya

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

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Aldi leads UK supermarket list for MSC labeled sustainable seafood
Date: 2018-04-19   Author: Dhananjay Punekar

The Marine Stewardship Council (MSC) has apparently revealed that Aldi is far ahead of its business rivals in sustainable seafood service offerings for UK seafood consumers. For the record, Aldi’s seafood offerin...

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Russia requests Apple & Google to cut off Telegram from app stores
Date: 2018-04-18   Author: Dhananjay Punekar

The Russian government has put in a formal request to tech giants Google and Apple Inc., to eliminate the encoding messaging services of Telegram from its app stores. Last week, the Russian court had given the verdict ...

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Porsche aims to set up 500 fast charging stations in the U.S. by 2019
Date: 2018-04-17   Author: Dhananjay Punekar

The reputed German high-performance sports car manufacturer, Porsche, has apparently decided to introduce a supercharger-like network of fast charging stations at highway sites & dealerships in the U.S. Klaus Zellm...

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Alcheme Skincare culminates its initial round of seed funding
Date: 2018-04-16   Author: Dhananjay Punekar

Alcheme Skincare, a reputed Singapore-based disruptive skincare company, has apparently declared the successful closure of the initial seed funding round. Major capital investments in this round have been brought forwa...

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Sarawak gov obtains dividends post investment in three MLNG plants
Date: 2018-04-15   Author: Saipriya Iyer

The government of Sarawak has reportedly received nearly MYR 20 billion in accumulated dividends after it made a substantial investment in three MLNG (Malaysia Liquefied Natural Gas) plants in Bintulu. The news has com...

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Razer launches digital game store on e-commerce portal Lazada
Date: 2018-04-14   Author: Dhananjay Punekar

Razer Inc., a gaming hardware manufacturing firm, has introduced an online game store on the eCommerce web portal of Lazada Group on which its gaming hardware products & peripherals are currently being sold. Though...

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Acciona Energy to construct a 265 MW solar farm in Queensland
Date: 2018-04-13   Author: Dhananjay Punekar

Acciona Energy, a division of Acciona, has acquired a USD 500 million contract for constructing a solar farm in Queensland. It has been speculated that the solar farm is likely to generate nearly 265 MW of power that w...

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Saint John Airport to be a part of a massive modernization program
Date: 2018-04-13   Author: Dhananjay Punekar

The New Brunswick administration has made it public that the Saint John Airport will undergo renovation as a part of an airport modernization program, which is estimated to cost nearly USD 20 million. The authorities f...

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Aramco signs MoU with 3 Indian Oil firms to acquire 50% stake in RRPCL
Date: 2018-04-12   Author: Dhananjay Punekar

Saudi Aramco, a leader in global oil production, has entered into a MoU (Memorandum of Understanding) with India’s three major oil marketers. The agreement, inclusive of Hindustan Petroleum Corporation, Indian Oi...

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WebAuthn gets approved as a standard protocol from W3C- FIDO alliance
Date: 2018-04-11   Author: Dhananjay Punekar

The W3C and FIDO joint venture has reportedly revealed a new standard tool for strongly authenticating its websites and displacing the passwords. It is the first such initiative adopted by both the firms for standardiz...

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Apple Inc. loses a patent infringement lawsuit against VirnetX
Date: 2018-04-11   Author: Dhananjay Punekar

A federal court in the state of Texas has reportedly asked Apple Inc. to pay nearly USD 502.6 million to patent troll VirnetX, for the infringement of its four patents associated with secure internet communications. Ac...

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Luye’s NHC buyout to fulfill the demand for cardiovascular treatment
Date: 2018-04-10   Author: Saipriya Iyer

Luye Medical Group Co., Ltd, a renowned Singapore-based hospital operator has scarcely made a major investment in the NHC (Novena Heart Centre). If reports are to be believed, the valuation of the signed agreement has ...

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Keppel signs a pact with KrisEnergy to upgrade its marine assets
Date: 2018-04-09   Author: Dhananjay Punekar

Upstream oil & gas major KrisEnergy has signed a cooperation pact with Keppel Corporation, thereby appointing Keppel as its ideal contractor. Keppel, a major investor in KrisEnergy, had entered into a deal with Kri...

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Dialog signs MoU with Johor to invest in Pengerang Deepwater project
Date: 2018-04-08   Author: Paroma Bhattacharya

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

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Fitters commences sale of renewable energy to Tenaga Nasional Bhd
Date: 2018-04-07   Author: Satarupa De

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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Shell decides to sell its entire stake in Gaza Marine Gas field
Date: 2018-04-06   Author: Dhananjay Punekar

Royal Shell, an established oil & gas firm, has entered into a deal with the PIF (Palestine Investment Fund) to sell its total share in the Gaza Marine gas facility, offshore Palestine, to a local investment firm. ...

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Alibaba in initial stages of planning to fund ridesharing firm Grab
Date: 2018-04-06   Author: Dhananjay Punekar

Alibaba, the Chinese eCommerce firm, may reportedly invest in Grab, a ride-sharing firm based in Singapore. Last year, these two firms had actually been discussing about the investments, however, the talks failed to ma...

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Amazon gears up to establish a new distribution unit in Las Vegas
Date: 2018-04-05   Author: Dhananjay Punekar

Amazon Inc., the reputed eCommerce giant, has announced that it plans to construct yet another warehouse packaging & distribution unit in Las Vegas, Nevada. Incidentally, the establishment will be inaugurated in 20...

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Ford Escape receives a dismal rating in IIHS’s passenger safety trials
Date: 2018-04-05   Author: Dhananjay Punekar

Ford Escape SUV, a reputed car model of the Ford Motor Company, has been rated as “poor” by the Insurance Institute for Highway Safety (IIHS) in its new passenger side front crash test results. The new mode...

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Energy management firm SensorFlow raises S$750K led by Cocoon Capital
Date: 2018-04-04   Author: Dhananjay Punekar

A Singapore based energy management company, SensorFlow, has reportedly raised funds worth USD 573K (S$750K) from prominent investors such as Cocoon capital, SG Innovate, and SparkLabs via its initial fundraising round...

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Walmart may be planning to acquire pharmacy startup PillPack
Date: 2018-04-03   Author: Dhananjay Punekar

Walmart Inc., the globally reputed brand across the supply chain market, is discussing a purchase deal with PillPack, a pharmacy startup firm sorting medicine by dosage & delivering it to the consumer’s doors...

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Alibaba Group plans to acquire a complete ownership of Ele.me
Date: 2018-04-02   Author: Dhananjay Punekar

Alibaba Group Holding Limited, a China-based eCommerce firm, has announced that it will purchase the remaining stake of Ele.me, a platform in China providing online food delivery services to its customers. Alibaba&rsqu...

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Under Armour reveals data breach of 150 million MyFitnessPal accounts
Date: 2018-04-01   Author: Ojaswita Kutepatil

Unveiling one of the biggest hacks in the history, Under Armour, a renowned sportswear manufacturer, recently announced that some 150 million MyFitnessPal users have been hacked in a serious data breach. According to a...

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Arkansas’ attorney files litigation against opioid drug manufacturers
Date: 2018-03-31   Author: Dhananjay Punekar

In what may seem to be a jolt to the opioid drug manufacturing firms across the U.S., Arkansas’ attorney general has filed a legal suit against Johnson & Johnson, Endo International Plc, and Purdue Pharma LP....

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NHS England bans prescription for certain over-counter medications
Date: 2018-03-30   Author: Sunil Hebbalkar

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

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VW plans to purchase back diesel vehicles affected by Germany ban
Date: 2018-03-30   Author: Sunil Hebbalkar

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

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Google loses copyright lawsuit against Oracle over open-source s/w
Date: 2018-03-29   Author: Dhananjay Punekar

The ongoing legal battle between tech giants Google and Oracle seems to have finally reached fruition this week. The U.S. appeals court has given its decision in favor of Oracle that had incidentally sued Google over t...

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Intercom attains Unicorn status with USD 125 million funding
Date: 2018-03-28   Author: Dhananjay Punekar

Intercom, a U.S. based technology firm, has reportedly raised funds worth USD 125 million with the objective of investing the same in shipping new products and enhancing its already existing product portfolio. Venture ...

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Avaya makes its cloud UC services available in NZ via Pyrios deal
Date: 2018-03-27   Author: Dhananjay Punekar

Avaya, a U.S. based tech firm, is likely to provide unified communications & contact center solutions in NZ by collaborating with Pyrios, a communications tech specialist firm. According to the CEO of Pyrios, Robyn...

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ObvioHealth raises $3 million to facilitate mobile clinical trials
Date: 2018-03-25   Author: Paroma Bhattacharya

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

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GSK’s Juluca gets European Medicines Agency approval for HIV therapy
Date: 2018-03-24   Author: Dhananjay Punekar

European Medicines Agency, an EU authority that evaluates medicinal products, has approved GlaxoSmithKline’s two-drug treatment for HIV (human immunodeficiency virus), that causes AIDS (Acquired Immune Deficiency...

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ENGIE invest S$80mn to develop district cooling projects in Singapore
Date: 2018-03-23   Author: Dhananjay Punekar

ENGIE, a reputed French electric utility firm, has apparently decided to offer funds worth S$80 million for developing an innovation unit in Singapore within a span of five years. The strategic move is aimed at bringin...

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BlackBerry & Jaguar enter a pact to jointly work on autonomous cars
Date: 2018-03-22   Author: Dhananjay Punekar

BlackBerry Limited, the reputed Canada based firm specializing in enterprise software & IoT, has signed a multi-year partnership agreement with Jaguar Land Rover Limited, a subsidiary of Tata Motors, to develop sof...

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Alibaba prioritizes SEA expansion, pours in USD 2bn more in Lazada
Date: 2018-03-19   Author: Dhananjay Punekar

Alibaba Group Holding Limited, a Chinese eCommerce & retail firm, is expected to provide an additional investment worth USD 2 billion to Lazada Group SA, an eCommerce firm headquartered in Singapore.  Incident...

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Grofers secures USD 61.6 million in funding round led by SoftBank
Date: 2018-03-18   Author: Dhananjay Punekar

Grofers, an India-based online grocery delivery service, has received funds worth USD 61.6 million from SoftBank Group via its initial fund-raising round. Incidentally, the round also witnessed the participation of Apo...

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Mayne Pharma Group launches a generic alternative to Monodox in U.S.
Date: 2018-03-17   Author: Sunil Hebbalkar

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

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Top Glove enters USD 310 million loan pact to purchase Aspion
Date: 2018-03-16   Author: Dhananjay Punekar

Top Glove Corporation Berhad, a reputed Malaysian firm manufacturing rubber gloves, has signed an agreement for getting a syndicated loan, estimated at USD 310 million, with a group of eight banks. According to the com...

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Lyft & Magna team up to speed up self-driving vehicle development
Date: 2018-03-15   Author: Dhananjay Punekar

Lyft, an on-demand transportation firm headquartered in the U.S., is forming an alliance with Magna International Inc., a Canada based automotive component supplier, to develop autonomous cars. Industry analysts believ...

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MSU & Ben-Gurion team up on sustainable water preservation solutions
Date: 2018-03-14   Author: Dhananjay Punekar

The Midlands State University (MSU), a government owned university in Zimbabwe, has formed an alliance with Ben-Gurion University of the Negev, a public research university based in Israel. The agreement is apparently ...

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Sprim & Tikehau contribute $50mn toward medtech & life science sectors
Date: 2018-03-13   Author: Dhananjay Punekar

Tikehau Capital, a private equity firm headquartered in France, has scarcely formed an association with Sprim Ventures, an investor in early stage health solutions. The alliance aims to introduce a USD 50 million early...

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Keppel Corp signs a deal with AWILCO to build semi-submersible rig
Date: 2018-03-12   Author: Satarupa De

Keppel Offshore & Marine has apparently been awarded a contract of USD 425 million from AWILCO Drilling Plc to build a midwater, semi-submersible harsh-environment drilling rig. Allegedly, under the agreement, the ...

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Cybersecurity magnate McAfee acquires VPN company TunnelBear
Date: 2018-03-11   Author: Paroma Bhattacharya

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

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Lidl commits on curtailing plastic waste by eliminating reusable bags
Date: 2018-03-10   Author: Satarupa De

In response to the rising crisis of plastic waste in UK, Lidl has apparently promised to bringdown reusable plastic bags in the nation. The German discount supermarket retailer, this Friday, has made it to the headline...

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Grab’s latest shared bike app paves way into Singapore market
Date: 2018-03-09   Author: Satarupa De

Ride-hailing giant Grab is apparently venturing into the personal mobility device space with the launch of its latest mobile app. Dubbed as GrabCycle, this new mobile app would give users the access to shared e-scooter...

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FDA gives a ‘go-ahead’ for Made-in-China HIV drug Trogarzo
Date: 2018-03-08   Author: Dhananjay Punekar

The U.S. Food and Drug Administration has apparently given a green signal for the use of Trogarzo, a drug used in alternative HIV therapy for adult patients. Also referred to as Ibalizumab-uiyk, this drug has been deve...

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Toyota plans to stop diesel-powered car sales in Ireland from 2019
Date: 2018-03-07   Author: Dhananjay Punekar

Toyota Motor Corporation has reportedly become the first automotive firm to discontinue the manufacturing of passenger cars powered by diesel. Beginning 2019 onwards, claim company sources, the automaker will not be se...

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Scientists develop a tremor suppression glove for Parkinson’s patients
Date: 2018-03-06   Author: Dhananjay Punekar

In a major breakthrough witnessed across the healthcare industry, researchers from the Western University have successfully created a functional model of a new 3D printed tremor suppression glove. Apparently, this kind...

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MHIEC to renovate Tachibana Waste-to-Energy unit in Takatsu district
Date: 2018-03-05   Author: Dhananjay Punekar

The Kawasaki City has apparently put in a request to the MHEIC with regards to its current unit of waste to energy (WtE) unit. Mitsubishi Heavy Industries Environmental & Chemical Engineering Company Limited (MHIEC...

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Intermountain Healthcare sets up its first virtual hospital in Utah
Date: 2018-03-04   Author: Paroma Bhattacharya

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

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Irish payroll software company Payslip receives capital worth €1m
Date: 2018-03-02   Author: Sunil Hebbalkar

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

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Alibaba & NTU collaborate to conduct AI research in Singapore
Date: 2018-03-01   Author: Dhananjay Punekar

Globally renowned Chinese eCommerce firm Alibaba, has reportedly launched its first joint research program in Singapore in association with the Nanyang Technological University (NTU). According to reliable sources, Ali...

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INPEX buys out Abu Dhabi offshore oil share for USD 600 million
Date: 2018-02-28   Author: Dhananjay Punekar

INPEX Corporation, a Japanese firm involved in oil exploration & production, has reportedly secured the development rights for a 10% ownership in Lower Zakum offshore oil field at USD 600 million. According to reli...

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Lawson obtains $4.4mn for adverse drug reaction prevention program
Date: 2018-02-27   Author: Dhananjay Punekar

Lawson Health Research Institute, a London-headquartered hospital-based research institute, is likely to receive USD 4.4 million in the form of investments for conducting research on preventing adverse drug reactions. ...

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MCL plans major investment in multiple sclerosis research program
Date: 2018-02-26   Author: Dhananjay Punekar

Medical Cannabis Limited (MCL), a division of Queensland Bauxite Limited, has reportedly decided to fund a research program dealing with the deployment of the medical cannabis therapy for multiple sclerosis. It has bee...

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Hikurangi to export medical marijuana worth USD 160mn to Rhizo
Date: 2018-02-26   Author: Dhananjay Punekar

Hikurangi Cannabis, a New Zealand based medical cannabis firm, has signed a conditional offer worth USD 160 million with Rhizo Sciences, a cannabis brokerage firm headquartered in Seattle, for manufacturing 3,000 kg me...

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GM to extend cutback in vehicle production at Oshawa plant, Canada
Date: 2018-02-23   Author: Ojaswita Kutepatil

Renowned automotive industry giant General Motors has recently announced that it will be extending its cutback in the car production at its Oshawa plant located at Ontario, Canada. Reportedly, the extension of the sing...

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SaskPower to deploy smart meters for additional 7500 customers
Date: 2018-02-22   Author: Dhananjay Punekar

SaskPower, a major power utility firm in the Saskatchewan province of Canada, has decided to install 7,500 more smart meters in the region after completing the pilot installation. These smart meters are projected to be...

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Red Dot Power plans to build 50 EV charging stations by 2019
Date: 2018-02-19   Author: Ojaswita Kutepatil

Red Dot Power, the Singapore-based electricity retailer has recently announced that it will be investing around SGD 500,000 to install 50 electric vehicles charging stations in the nation by 2019. Reportedly, the firm wo...

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Greencoat Renewables to purchase yet another wind farm in Ireland
Date: 2018-02-17   Author: Dhananjay Punekar

Greencoat Renewables PLC, an Ireland based renewable-infrastructure firm, has decided to acquire Lisdowney, a 9.2 MW wind farm based in Co Kilkenny, for EUR 22.5 million. According to the ...

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Nokia to opt between a sale or shut-down for its digital health unit
Date: 2018-02-16   Author: Dhananjay Punekar

In a major turn of events witnessed across the digital health industry, Nokia has declared to have begun evaluating various alternatives for its online health activities. The firm’s decision apparently comes as a...

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Cancer Research UK CTU gets £4.5mn for pancreatic cancer research
Date: 2018-02-15   Author: Dhananjay Punekar

The Cancer Research UK, a charitable organization in the UK focusing on cancer research & healthcare, has offered funds worth £4.5 million for the Cancer Research UK Clinical Trials Unit (CTU) in Scotland aft...

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InfraCo Asia & Sunseap collaborate to build solar project in Vietnam
Date: 2018-02-14   Author: Dhananjay Punekar

InfraCo Asia Development Private Limited, a firm developing infrastructure projects in the developing regions of Southeast Asia, and Sunseap International, the global division of Singapore based Sunseap Group, have rep...

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JD.com to establish branch in Australia for ANZ eCommerce expansion
Date: 2018-02-09   Author: Dhananjay Punekar

JD.com, one of the most renowned eCommerce firms based in China, has decided to set up an office in Australia to speed up its growth across the ANZ region. Reportedly, the firm’s new headquarters in the Australia...

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MAHB signs several partnership deals to make Subang an aviation hub
Date: 2018-02-08   Author: Dhananjay Punekar

The Singapore Airshow 2018 has apparently witnessed MAHB (Malaysia Airports Holdings Bhd) inking numerous joint venture agreements as well as MoUs in order to transform Subang into an aerospace & aviation center. Acc...

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Alabama files legal case against opioid manufacturer Purdue Pharma
Date: 2018-02-07   Author: Dhananjay Punekar

In what may seem to be a major jolt to the opioid manufacturing companies in the U.S., Alabama Attorney General Steve Marshall has filed a litigation in the Montgomery court against Purdue Pharma L.P., a pharmaceutical...

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SSE commences discussions with CMA over proposed Npower merger
Date: 2018-01-31   Author: Dhananjay Punekar

SSE plc, a Scottish energy firm, reportedly, may commence talks with the Competition and Market Authority (CMA) about the proposed merger of its household supply business with Npower Limited. Sources state that the dea...

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South Korea to implement new poultry farm laws to curb avian flu
Date: 2018-01-29   Author: Dhananjay Punekar

Amidst the major fluctuations witnessed across the poultry sector in South Korea, another seemingly interesting revelation has been reported to have cropped up. The regional government authorities have made poultry san...

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Sinopec crude oil production exceeds 100-million-ton milestone
Date: 2018-01-28   Author: Paroma Bhattacharya

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

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SPH and Samsung team up to cooperate on marketing initiatives
Date: 2018-01-26   Author: Satarupa De

Singapore Press Holdings, the renowned media organization, has recently inked a deal with the tech giant Samsung Electronics, to help each other’s merchandizing and technology initiatives. As per reports, this stra...

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PA Resources bags RM600 mn contract to supply materials to First Solar
Date: 2018-01-26   Author: Paroma Bhattacharya

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

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Cairn Energy sees huge crude oil E&P opportunity across the North Sea
Date: 2018-01-25   Author: Dhananjay Punekar

Cairn Energy PLC, a renowned Europe-based firm in oil & gas exploration business, is reportedly expecting a daily production of nearly 20,000 barrels of crude oil this year from the North Sea oil fields. Sources sa...

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ADM launches a customer innovation unit at Biopolis in Singapore
Date: 2018-01-24   Author: Dhananjay Punekar

Archer Daniels Midland (ADM), a U.S. based food processing & commodities trading company, has reportedly inaugurated a customer innovation center at the Biopolis research hub in Singapore. As per sources, the new f...

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Vice Canada and Rogers Media to terminate Joint Venture
Date: 2018-01-23   Author: Dhananjay Punekar

In a key twist of activities observed across the studio business, Vice Canada and Rogers Media have declared the end of their two-year old USD 100 million partnership which was forged in 2016. According to reliable sou...

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Ocado partners with Sobeys, penetrates Canada online grocery market
Date: 2018-01-22   Author: Sunil Hebbalkar

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

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Google and Tencent sign patent-licensing agreement to share patents
Date: 2018-01-19   Author: Dhananjay Punekar

Continuing its efforts to rebuild its presence in China, Alphabet Inc.’s Google has signed a patent- licensing agreement with the nation’s largest corporation, Tencent Holdings Limited for sharing copyright...

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Aetna to pay USD 17 million to customers over HIV privacy disclosure
Date: 2018-01-18   Author: Dhananjay Punekar

In a key event witnessed across the health insurance sector, Aetna Inc., a U.S. based healthcare insurance firm, has decided to pay USD 17.2 million as a part of settlement for class-action litigation filed by its cust...

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PEMEX chose Mitsui as its partner to complete Tula plant construction
Date: 2018-01-18   Author: Dhananjay Punekar

Petroleos Mexicanos, a petroleum company owned by the government of Mexico, has chosen Mitsui, a Japanese firm, as its partner for carrying out the coking plant operations of one of its biggest refinery in Mexico. A ke...

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Lego-Tencent deal to develop safe online games for Chinese children
Date: 2018-01-16   Author: Dhananjay Punekar

The Lego Group, a renowned toy manufacturer based in Denmark, has formed a strategic alliance with Tencent Holdings Limited, one of big shots across the mobile gaming & video streaming sector, to jointly manufactur...

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China to launch debut crude oil futures contract by March 2018
Date: 2018-01-15   Author: Dhananjay Punekar

In a major breakthrough witnessed across the crude oil sector, reports have claimed that China is expected to enter its first crude oil futures deal after 23rd February 2018. It has been anticipated that the...

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Telstra advances its IoT portfolio with the launch of Narrowband
Date: 2018-01-12   Author: Sunil Hebbalkar

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

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T-Mobile declares new BOGO & other smartphone offers for users
Date: 2018-01-11   Author: Dhananjay Punekar

T-Mobile, a Germany based player across the telecommunications sector, has reportedly announced a slew of lucrative deals, one of the prime ones being, the ‘buy one, get one’ promo for its smartphones. As p...

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Toronto-Dominion Bank to purchase AI startup firm Layer 6 AI
Date: 2018-01-10   Author: Dhananjay Punekar

Toronto-Dominion (TD) Bank, a banking & financial services corporation based in Canada, is set to buy Layer 6 AI, a Canadian artificial intelligence startup firm, for an undisclosed figure. According to reliable so...

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India defends its solar energy policy against US’s legal suit at WTO
Date: 2018-01-09   Author: Dhananjay Punekar

India has apparently depicted a strong reaction to the U.S. administration’s recent criticism of the country’s solar power policies. According to reliable sources, in December 2017, the U.S. authorities had...

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EPA gives the nod to Central Australia based Arafura’s Nolans Project
Date: 2018-01-07   Author: Satarupa De

After years of dealing with the strenuous assessment process, the Central Australia based rare earth mine project has apparently received an approval by the Northern Territory EPA (Environment Protection Authority). De...

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U.S. halts Alibaba affiliate Ant Financial’s bid to acquire MoneyGram
Date: 2018-01-05   Author: Sunil Hebbalkar

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

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Sanofi to comply with Philippines FDA post Dengvaxia clearance delay
Date: 2018-01-05   Author: Saif Ali Bepari

In what may be regarded as a severe blow to the French pharmaceutical giant Sanofi’s expansion plans in South East Asia, the Food and Drug Administration of Philippines has reportedly suspended clearance for the ...

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NIIT buys out Eagle Productivity Solutions for USD 8.1 million
Date: 2018-01-04   Author: Dhananjay Punekar

NIIT Limited, a major Indian firm offering computer training & learning management courses to firms, individuals, and institutes, has reportedly purchased Eagle International Institute Incorporation, a professional...

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Northeast U.S. states file a case against EPA over pollution
Date: 2018-01-04   Author: Dhananjay Punekar

Eight states of the U.S., including Delaware and Pennsylvania, have reportedly filed a legal suit against the EPA (Environmental Protection Agency) over ozone pollution. Reliable sources have stated that these Northeas...

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WHO includes gaming disorder as a mental ailment in its beta charter
Date: 2017-12-29   Author: Dhananjay Punekar

The World Health Organization (WHO) has apparently included gaming disorder in its list of mental health disorders, which is expected to be released in May next year during the eleventh update of the international clas...

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Apple likely to unveil its first retail store in Saudi Arabia by 2019
Date: 2017-12-29   Author: Saif Ali Bepari

In a bid to establish a direct presence and expand its foothold in the Middle East region, the U.S. tech behemoth Apple has been reportedly in licensing talks with Saudi Arabia to launch its first store in the Gulf Kin...

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China’s Geely expands beyond the home turf, buys stake in AB Volvo
Date: 2017-12-28   Author: Ojaswita Kutepatil

Zhejiang Geely Holding Group, the renowned Chinese company that bought Volvo Cars in 2010, has recently announced that it has agreed to acquire a stake in the Swedish bus & truckmaker Volvo AB, from activist invest...

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India to outpace China globally as the largest importer of LPG
Date: 2017-12-28   Author: Dhananjay Punekar

India is reportedly anticipated to become the world’s biggest LPG importer by the end of this month, comfortably exceeding Chinese LPG imports amounting to nearly 2.3 million tons. According to authentic sources,...

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Wesfarmers enters a deal with Coronado to sell Curragh coal mine
Date: 2017-12-27   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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US to revise offshore safety rules to promote more drilling activities
Date: 2017-12-26   Author: Ojaswita Kutepatil

Touted to be one of the most debatable move under the Trump administration, the Bureau of Safety and Environmental Enforcement (BSEE) is considering easing offshore oil and natural gas safety regulations that were put ...

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Boeing in discussions over acquisition of jet manufacturer Embraer
Date: 2017-12-22   Author: Dhananjay Punekar

The Boeing Company, a U.S. based firm manufacturing & selling airplanes, has grabbed headlines this week for its proposed takeover of a key jet maker. Reportedly, Boeing is amidst serious discussions to acqui...

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Top-league consortium to finance Australia’s largest wind farm
Date: 2017-12-21   Author: Dhananjay Punekar

Telstra, Coca-Cola Amatil, Melbourne University, and the Australia & New Zealand Banking Group (ANZ) are reportedly expected to buy out the energy generated from the Murra Warra wind farm in Australia. The strategi...

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FDA gives green signal to Luxturna for genetic blindness treatment
Date: 2017-12-20   Author: Dhananjay Punekar

In a major breakthrough witnessed across the healthcare sector, the U.S. Food and Drug Administration (FDA) approved Luxturna, a kind of gene therapy to treat a rare genetic eye disease caused due to gene mutation, dev...

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Toyota to develop a fully-electrified vehicle range by 2025
Date: 2017-12-19   Author: Dhananjay Punekar

Toyota Motor Corporation, a reputed Japanese automotive company, is reportedly planning to convert its entire lineup of gasoline-powered vehicles into electrified ones over the forthcoming eight years. The company appa...

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Aerion & Lockheed join hands to build first supersonic passenger jet
Date: 2017-12-18   Author: Dhananjay Punekar

In a key turn of events witnessed across the aerospace sector, Aerion Corporation, a U.S. based airplane manufacturer, and Lockheed Martin have collaboratively decided to form a strategic alliance to build the world&rs...

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Office for Nuclear Regulation sanctions new nuclear reactor design
Date: 2017-12-15   Author: Sunil Hebbalkar

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

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Target’s takeover of Shipt to pose challenges to Amazon & Walmart
Date: 2017-12-14   Author: Dhananjay Punekar

Target Inc., the second largest discount store retailer across the U.S., has reportedly purchased Shipt Inc., an online grocery delivery service store, for a valuation of USD 550 million to speed up its same day delive...

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Bombardier Transportation inks deal to supply Aventra Trains to UK
Date: 2017-12-13   Author: Dhananjay Punekar

Bombardier Transportation, a rail equipment division of the Bombardier Inc. based in Canada, has entered into an agreement with a UK rail firm to supply nearly 333 of its rail cars to the latter for USD 724 million. Ac...

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Sanofi’s first short-acting insulin, Admelog receives FDA approval
Date: 2017-12-12   Author: Sunil Hebbalkar

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

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Mineral Resources places the highest bid worth $484mn to acquire AWE
Date: 2017-12-11   Author: Sunil Hebbalkar

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

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CPPIB acquires major stake worth around USD 248 million in GHKLP
Date: 2017-12-08   Author: Dhananjay Punekar

The logistics & real estate sector in Hong Kong may have just witnessed a rather remunerative step toward its development. As per sources, the Canada Pension Plan Investment Board (CPPIB) made an investment of near...

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Oath Inc. files a litigation against Mozilla for agreement breach
Date: 2017-12-07   Author: Dhananjay Punekar

Oath Inc., the parent firm of Yahoo, has reportedly filed a legal suit against Mozilla Firefox citing that the firm had violated a long-term deal with the former, through the replacement of Yahoo as a default search en...

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ACCC drags GSK & Novartis to federal court over false product claims
Date: 2017-12-07   Author: Dhananjay Punekar

In what may seem to be a major jolt to the pharmaceutical sector, the Australian Competition and Consumer Commission (ACCC) has filed a legal suit against GlaxoSmithKline and Novartis in the Federal Court of Australia ...

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Airlines ban smart suitcases installed with non-removable batteries
Date: 2017-12-06   Author: Dhananjay Punekar

In a strategic move witnessed across the aviation sector, American Airlines has prohibited passengers to a carry battery-powered smart luggage that does not have the facility of removing batteries. The airline declared...

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JAL invests $10mn in Boom to enhance in-flight passenger experience
Date: 2017-12-05   Author: Dhananjay Punekar

Japan Airlines Company Limited (JAL), reportedly the second biggest passenger flight provider in the country, is expected to invest nearly USD 10 million in Boom Supersonic Inc. As per reliable sources, the funding is ...

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Sanofi’s profits to dip as its dengue vaccine faces dire criticism
Date: 2017-11-30   Author: Dhananjay Punekar

In a turning tide of the events, the use of Sanofi’s new vaccine for dengue has been severely restricted, owing to the evidence that it can lead to further deterioration in patients who have not been infected wit...

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Rolls-Royce, Siemens, and Airbus to build hybrid electric engine
Date: 2017-11-29   Author: Dhananjay Punekar

This week witnessed what can be called as one of the most striking deals in recent times, as Siemens, Airbus, and Rolls-Royce, three highly distinguished names, joined forces to develop a hybrid electric engine. The move...

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Microsoft & SAP to deploy one another’s cloud computing solutions
Date: 2017-11-28   Author: Dhananjay Punekar

SAP Software & Solutions and Microsoft Corporation have reportedly decided to increase the use of each other’s cloud-based products after integrating SAP HANA enterprise cloud system with the Microsoft Azure,...

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South32 spins off its major South African coal operations to hit JSE
Date: 2017-11-27   Author: Ojaswita Kutepatil

In a bid to ensure its ongoing sustainability and improve its operational competitiveness, South32, an Australian mining and metal company has recently unveiled its plans to separate its South African coal operations. ...

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H2 Biopharma buyout by Aurora Cannabis finalized at USD 25 million
Date: 2017-11-24   Author: Dhananjay Punekar

Aurora Cannabis Incorporation, a Canada based medical marijuana producer, has reportedly declared that it is all set to acquire the reputed Quebec based late phase ACMPR applicant, H2 Biopharma Incorporation, through a...

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Aussie resellers to pay USD 200K to Microsoft as copyright damages
Date: 2017-11-23   Author: Dhananjay Punekar

In a major turn of the events witnessed across the software industry, Microsoft Inc. has signed an agreement with four Australian vendors, who sold the company’s unlicensed software products. Be Baffled, one of t...

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Ford to join hands with Mahindra for electric vehicle production
Date: 2017-11-22   Author: Dhananjay Punekar

The Ford Motor Company, a U.S. based automobile manufacturer, and its Indian counterpart Mahindra & Mahindra Limited are likely to manufacture their own electric cars in India to reduce road pollution occurring due...

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U.S. DOJ to halt AT&T’s bid to acquire mass media firm, Time Warner
Date: 2017-11-21   Author: Dhananjay Punekar

In a major turn of the events witnessed across the telecom sector, the U.S. department of justice (DOJ) has filed a legal suit to halt Time Warner’s acquisition by AT&T, citing the reason that the merger will...

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Banks in Hong Kong close accounts of many Bitcoin firms
Date: 2017-11-20   Author: Dhananjay Punekar

In a major breakthrough witnessed across the banking sector, financial institutions in Hong Kong have frozen the accounts of bitcoin firms, compelling the organizations to open accounts in the foreign banks. Reportedly...

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Limerick secures GBP 85 million from EIB toward urban development
Date: 2017-11-17   Author: Ojaswita Kutepatil

The EIB (European Investment Bank) has recently signed off a record loan worth GBP 85 million for the Limerick city. Reportedly, the bank is likely to provide funds to the city and County Councils to transform the 1.68...

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HSBC settles French money laundering tax fraud case for EUR 300 million
Date: 2017-11-16   Author: Satarupa De

HSBC Private Bank, the Swiss subsidiary of the British giant, has apparently reached an agreement with the French Government to circumvent a trial for money laundering tax fraud. Reportedly, the banking mammoth has agr...

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Geely purchases Terrafugia, plans to launch flying cars by 2019
Date: 2017-11-15   Author: Sunil Hebbalkar

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

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AT&T & Verizon enter tower agreement to eliminate oligopoly
Date: 2017-11-14   Author: Dhananjay Punekar

AT&T Incorporation and Verizon Communications Inc. have signed a pact with Tillman Infrastructure, operator of smart cities infrastructure and towers, that will help the firms lease many of the new cell towers from...

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NY governor signs bill, sanctioning medical marijuana use for PTSD
Date: 2017-11-13   Author: Dhananjay Punekar

In a series of prominent developments witnessed in New York, the governor of the state has scarcely signed a law that appends post-traumatic stress disorder (PSTD) to the list of the diseases that can be treated with med...

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Ford-Ekso Bionics exoskeleton proposition to enhance workers’ safety
Date: 2017-11-10   Author: Shikha Sinha

Ford Motor Company, the U.S. second largest automaker, in a bid to enhance employee safety and productivity, this Thursday, unveiled its move of incorporating mechanical exoskeletons to lower workers’ injury rate...

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EU’s vehicle emission propositions to boost electric vehicles sales
Date: 2017-11-09   Author: Saif Ali Bepari

While speaking on the mobility and climate change package at a news conference held on Wednesday, European Commission, the executive body of the European Union, proposed stricter car emission targets to boost the roll-...

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Uber-NASA to launch flying taxis in Los Angeles by 2020
Date: 2017-11-09   Author: Saif Ali Bepari

After announcing its resolve to establish an on-demand flying taxi service last year, the U.S. based ride-hailing giant, Uber, has now revealed its partnership with NASA to collaborate in building of an unmanned traffi...

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Fox-Disney deal may pose challenges to other media giants
Date: 2017-11-08   Author: Sunil Hebbalkar

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

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Supreme Court orders Samsung to pay USD 120 million to Apple
Date: 2017-11-07   Author: Sunil Hebbalkar

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

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Broadcom likely to unveil an unsought proposal to take over Qualcomm
Date: 2017-11-06   Author: Saif Ali Bepari

After an unsuccessful acquisition attempt last year, the leading producer of digital and analog semiconductors, Broadcom, in a renewed bid, is reportedly drafting a fresh proposal to acquire the leading chipmaker, Qual...

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Qualcomm files fresh lawsuit in San Diego court to sue Apple
Date: 2017-11-03   Author: Saif Ali Bepari

In what seems to be a never-ending legal dispute between Apple and Qualcomm, that has been making headlines since January this year, the latter has filed yet another lawsuit against Apple. Qualcomm, in its latest suit,...

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DOJ may file antitrust suit to impede AT&Ts Time Warner takeover
Date: 2017-11-03   Author: Saipriya Iyer

The tech tabloids have lately been ablaze with the news of the Department of Justice turning the tables on AT&Ts deal. Apparently, the DOJ has been on the verge of considering an antitrust lawsuit to prevent AT&T...

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Google to shut down QPX Express API services by 2018
Date: 2017-11-02   Author: Dhananjay Punekar

Google Incorporation has apparently declared that it plans to deny software developers the access to the automated information pertaining to airfare search engines. Industry experts have claimed that the move may, in a...

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Rockwell Automation declines Emerson’s USD 27 billion acquisition bid
Date: 2017-11-01   Author: Dhananjay Punekar

Rockwell Automation Incorporation, a key manufacturer of industrial automation products, has reportedly declined the takeover bid made by Emerson Electric Company for over USD 27 billion. The former cites the reason of...

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Vistra acquires Dynegy to form a power producer giant in Texas
Date: 2017-10-31   Author: Ojaswita Kutepatil

Vistra Energy and Dynegy, two independent power producers, have scarcely announced their merger in an all stock-deal, which has reportedly been in the works since May. Reports claim...

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LloydsPharmacy shuts 190 UK outlets, blames it on govt funding cuts
Date: 2017-10-27   Author: Ojaswita Kutepatil

LloydsPharmacy will cease trading in nearly 190 stores across England, as announced by the chain’s Coventry-based parent company in Celesio UK. The managing director of Lloyds...

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BT to cut down charges for up to a million landline customers
Date: 2017-10-26   Author: Ojaswita Kutepatil

British Telecom, a leading telecommunication giant has recently agreed to slash the amount it charges to landline-only customers by 37 percent. Sources revealed that about one milli...

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Federal government declares largest O&G lease sale in the U.S.
Date: 2017-10-25   Author: Sunil Hebbalkar

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

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Spire Healthcare turns down acquisition proposal from Mediclinic
Date: 2017-10-24   Author: Saipriya Iyer

In what may be touted as an unforeseen rejection of sorts, acclaimed UK-based medical care firm, Spire Healthcare Group, has spurned a takeover proposition from its largest shareholder - Mediclinic International. If re...

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US regulators indict Rio Tinto’s chief officials for fraud
Date: 2017-10-20   Author: Ojaswita Kutepatil

The U.S. authorities have reportedly charged Rio Tinto, the London-headquartered Anglo-Australian mining behemoth, and its former chief executive and chief financial officers on the basis of fraud. The indictment rides...

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UK to tighten its merger regime over national security concerns
Date: 2017-10-19   Author: Ojaswita Kutepatil

The UK government has announced proposals that would expand its ability to intervene in takeover and merger deals that are likely to raise national security concerns. These changes are particularly targeted at the doma...

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Greenpeace targets tech giants for environmental pollution
Date: 2017-10-18   Author: Dhananjay Punekar

Greenpeace, a Netherlands-based non-governmental environmental organization, working toward the maintenance of a green environment, has marked low scores for Huawei technologies company limited, Samsung electronics, an...

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Toyota to test self-driving electric cars by 2020
Date: 2017-10-17   Author: Dhananjay Punekar

Toyota Motor Corporation, one of the acclaimed automotive industry behemoths, has declared that it would commence the testing of its self-driving electric vehicle range embedded with artificial intelligence technology ...

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UK government’s clean energy growth plan to meet 2050 climate target
Date: 2017-10-16   Author: Sunil Hebbalkar

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

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Taiwan’s trade commission slaps a 774-million-dollar fine on Qualcomm
Date: 2017-10-13   Author: Sunil Hebbalkar

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

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Walmart launches its app-based swift return service
Date: 2017-10-11   Author: Satarupa De

This Tuesday, the retail space witnessed one of the biggest scoops with Walmart announcing the launch of streamlined return process that is claimed to shrink the return processing time of an item significantly. Alleged...

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Waymo launches a public education campaign to bring awareness about self-driving vehicles
Date: 2017-10-10   Author: Satarupa De

Waymo, the self-driving car unit of Alphabet Inc., has recently launched a public education campaign titled ‘Let's Talk Self-Driving’ with an aim to eradicate the cynicism that many Americans possess re...

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China to accelerate its drug approval system to cut down lengthy delays
Date: 2017-10-09   Author: Ojaswita Kutepatil

China is set to speed up its approval system for medicines and also plans to accept data from clinical trials that are carried out overseas. Reportedly, these changes in the drug approval system will cut down extensive...

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Walmart acquires NYC company Parcel with an aim to offer same-day delivery services
Date: 2017-10-05   Author: Ojaswita Kutepatil

In a bid to sharpen its delivery skills, Walmart has closed a deal to acquire Parcel - a delivery logistics startup. The retailer giant plans to leverage Parcel for last mile delivery to customers in New York City and ...

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Nissan to recall automobiles sold in last three years across Japan, firm may face monetary losses of close to USD 220 million
Date: 2017-10-03   Author: Sunil Hebbalkar

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

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FDA gives the green signal for Abbott’s finger prick-free blood sugar proportion monitoring device
Date: 2017-09-29   Author: Dhananjay Punekar

The U.S. Food and Drug Administration (FDA) has officially approved the FreeStyle Libre, a bottle cap-sized wearable sensor device developed by Abbot laboratories, a U.S. based healthcare firm, to continuously check th...

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Adidas’ emphasis on athleisure apparel manufacturing proves disastrous for Nike product sales
Date: 2017-09-29   Author: Sunil Hebbalkar

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

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AliPay to disembark in Canada, Alibaba aims to strengthen retail ties between Canada and China
Date: 2017-09-25   Author: Saipriya Iyer

China's renowned e-commerce giant, Alibaba plans to usher AliPay, the country’s leading third-party online payment solution, in Canada. In order to officially launch the platform in Canada, Alibaba has been r...

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Pfizer takes Johnson & Johnson to court for its anticompetitive actions regarding the Ramicade drug
Date: 2017-09-22   Author: Ojaswita Kutepatil

Two of the most globally reputed pharma companies, Pfizer and Johnson & Johnson are squaring off a new front in their legal battles over a rheumatoid arthritis drug. According t...

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Fujitsu launches its new version mainframe OS to focus on digitization
Date: 2017-08-29   Author: Ojaswita Kutepatil

Fujitsu, a leading Japanese company in information and communication technology (ICT), reportedly, will continue making investments in the development of critical mainframes, as is evidenced by the introduction of its ...

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Super Retail Group effectively tackles Amazon’s foray in Australia, explores options to expand its digital offering pipeline
Date: 2017-08-28   Author: Saipriya Iyer

Super Retail Group, a massive retail chain based in Australia, is one of the few firms that seems to have an ace plan up in its sleeve for coming to grips with Amazon’s forthcoming entry in the Australia retail t...

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Genentech’s obtains priority revenue from the U.S. FDA for its Hemophilia A treating drug, Emicizumab
Date: 2017-08-24   Author: Dhananjay Punekar

The U.S. FDA (Food and Drug Administration) has accepted the BLA (Biologics License Application) of Genentech for licensing its investigational bispecific monoclonal antibody referred as Emicizumab prophylaxis to be us...

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Nestle to face a legal controversy over Poland Spring Water, having been alleged as a ‘colossal fraud’
Date: 2017-08-21   Author: Satarupa De

Nestle, one of the leading giants of the food and beverage industry seems to be in a legal dispute with one of its bottled water brands. Poland Spring Water, manufactured by Nestle has been slammed with the Federal law...

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IBM’s & Alberta’s AI platform to diagnose schizophrenia by scanning brain blood flow with 74% accuracy
Date: 2017-08-18   Author: Ojaswita Kutepatil

Envisaging IBM’s research efforts conducted alongside the University of Alberta (UoA), it looks like artificial intelligence and machine learning are on the precipice of revolutionizing medical diagnosis. With AI...

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Hangzhou joins forces with Alibaba, collaboration aims to revamp the city’s house rental service
Date: 2017-08-16   Author: Saipriya Iyer

China's eminent e-commerce behemoth, Alibaba has signed a strategic agreement with the Zhejiang government, which aims to make use of the company's superior technology to create an efficient online system for h...

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Anthem is on the verge of withdrawing from Nevada’s health exchange policy citing reasons of uncertainty regarding the Affordable Care Act
Date: 2017-08-09   Author: Sunil Hebbalkar

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

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MSAR government inks a strategic agreement with Alibaba to develop Macau smart city
Date: 2017-08-07   Author: Sunil Hebbalkar

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

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European oil & gas firms seek authorization to explore the U.S. offshore wind energy market
Date: 2017-08-02   Author: Dhananjay Punekar

The latest buzz garnering attention in the bandwagon is that of major European firms such as Statoil, DONG Energy, and Royal Dutch Shell keenly seeking to explore the lucrative & fast-growing U.S. offshore wind ene...

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Indian government on the verge of blocking Shanghai Fosun’s 1.3 billion-dollar bid to takeover Gland Pharma
Date: 2017-08-01   Author: Sunil Hebbalkar

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

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Charter Communications turns away Sprint’s long-standing proposal for merger
Date: 2017-07-31   Author: Ojaswita Kutepatil

The reports on Sprint Corp’s exclusive merger with Charter Communications had the telecom and media fraternities buzzing of late. However, after several weeks of apparent discussions regarding the deal, a new rep...

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Enel Green Power Espana awarded contract by Spain Government to construct solar plants of 339 MW capacity in Bajadoz and Murcia
Date: 2017-07-28   Author: Saipriya Iyer

The latest scoop to grab the headlines in the renewable energy cosmos is that of Enel Green Power Espana being awarded a solar capacity of 339 MW by the Spanish Government to construct solar plants in the country. The ...

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UAE-Qatar conflict instigates the former to authorize its first condensate supply from the United States
Date: 2017-07-27   Author: Saipriya Iyer

The United Arab Emirates (UAE) has recently purchased a cargo of condensate from the Eagle Ford – the premier liquids-rich development located in Texas. As per sources, this deal is the first acquisition of the U...

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Abundance’s corporate initiative for UK’s first geothermal project raises over GBP 1 million within a mere 48 hours of its launch
Date: 2017-07-26   Author: Saipriya Iyer

The exemplary success of the deployment of geothermal technology to generate electricity in Iceland and Italy may have, in all likelihood, goaded the UK government to tap the geothermal potential of the country to gene...

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SunPower turns out to be energy supplier for France, plans to deliver high efficiency solar panels for Tenergie solar projects
Date: 2017-07-25   Author: Saipriya Iyer

SunPower Corporation, the reputed majority-owned subsidiary of Total SA, the French multinational oil & gas company, has taken the renewable energy industry by storm with the announcement of its solar panel supply ...

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Scotland chronicles a path-breaking renewable energy world record, maximizes its overall green energy production through wind turbines
Date: 2017-07-24   Author: Dhananjay Punekar

Scotland has been immensely successful in developing an ample amount of energy through wind turbines in the first half of 2017. As per analysts, 1,039,001 MWh of electricity had been delivered to the National Grid in J...

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Merck, Pfizer, & Corning team up on a new packaging glass vial project, venture likely to bring about 4,000 high-tech jobs for Americans
Date: 2017-07-21   Author: Satarupa De

The United States recently witnessed one of the biggest pacts in the pharmaceutical and glass market with the announcement of the strategic collaboration between pharmaceutical giants Merck and Pfizer with New York bas...

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China’s Cosco Shipping to get hold of Orient Overseas International for a staggering USD 6.3 billion
Date: 2017-07-20   Author: Sunil Hebbalkar

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

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Cargill has initiated a partnership extension with FareShare to advocate its commitment to sustainable nutrition
Date: 2017-07-18   Author: Sunil Hebbalkar

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

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Global automotive giant Ford to shift its Focus car manufacturing base to China by the year 2019
Date: 2017-07-17   Author: Dhananjay Punekar

Ford Motors, an established automobile manufacturer based in the U.S, has declared that it will import Focus vehicles from two of its production units based in China from the onset of 2019. Experts claim this move as a...

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EPSRC’s sizable endowment for an electric vehicle venture leads WMG to join hands with Jaguar Land Rover
Date: 2017-07-14   Author: Saipriya Iyer

Perpetually upholding its emblematic reputation of providing generous grants for research in sciences and engineering programs, the EPSRC (Engineering and Physical Sciences Research Council) has committed itself to yet...

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Volkswagen to discontinue the sale of its Touareg car brand in the U.S. from the year 2018
Date: 2017-07-13   Author: Dhananjay Punekar

Volkswagen, a reputed German car manufacturer, has decided to stop the sale of Touareg cars, a mid-sized luxury crossover SUV in the U.S. after a long spell of declining revenue from the sales of these cars.  The ...

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Alibaba launches the Taobao Global U.S. Merchants Network and connect the US SMEs to 500 million costumers
Date: 2017-07-12   Author: Ojaswita Kutepatil

The Chinese mega e-commerce company, Alibaba Group Holding Ltd., has announced the launch of an online network to provide easier access to the small-scale US manufacturers for tapping into the Chinese market. The Taoba...

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Shire obtains preliminary injunction against Roche over emicizumab
Date: 2017-07-11   Author: Sunil Hebbalkar

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

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Volvo Cars to phase out conventional engines as it embraces electrification
Date: 2017-07-06   Author: Ojaswita Kutepatil

Volvo Cars has proclaimed that from 2019 onwards, every Volvo it launches will be either hybrid or solely battery-powered. This premium car maker company became the first mainstream automaker to mark the historic end o...

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European Union’s regulatory body EC puts a red signal on the Qualcomm-NXP semiconductors merger deal
Date: 2017-07-05   Author: Dhananjay Punekar

In what seems to be one of the major breakthroughs of recent times, the European Commission has decided to halt the merger deal between NXP semiconductors and Qualcomm after the latter failed to furnish the necessary d...

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Broadcom-Brocade deal conditionally sanctioned by the FTC, commission draws up regulatory compliance to prevent potential breaches of competitive laws
Date: 2017-07-04   Author: Shikha Sinha

Broadcom’s acquisition of Brocade, a deal professed in November 2016 has finally won the U.S. antitrust approval post addressing FTC’s concerns claiming the USD 5.9 billion deal to be anticompetitive. The a...

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Germany breaks sustainability records, generates 35% electricity from renewables
Date: 2017-07-03   Author: Saipriya Iyer

Germany has raised the percentage of its overall electricity generation from renewable sources to 35% this year. As per the BEE renewable energy association, Germany had produced 33% of its electricity from renewables ...

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UPS strengthens commitment to sustainability, declares target of 25% renewable energy by 2025
Date: 2017-06-30   Author: Saipriya Iyer

United Parcel Service, the largest package delivery service company across the globe, has sworn to source almost 25% of its power consumption from renewable energy, by the year 2025. The supply chain management market ...

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BMW plans to consolidate vehicle equipment to make heavy investments in its R&D operations
Date: 2017-06-29   Author: Sunil Hebbalkar

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

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Medtronic PLC signs outcome based diabetes deal with Aetna for offering enhanced value based services
Date: 2017-06-28   Author: Satarupa De

Medtronic Plc., the Dublin based medical device manufacturer, has recently announced an outcome based agreement with Aetna, the healthcare insurer, for patients suffering from type 1 and type 2 diabetes, who are curren...

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Bekaert joins forces with ArcelorMittal, agreement aims to seal a 62.4 million-dollar steel wire deal in Brazil
Date: 2017-06-27   Author: Saipriya Iyer

According to the latest buzz on the grapevine, esteemed steel magnate, ArcelorMittal, has collaborated with Bakaert, the accomplished technology leader in steel wire coatings and transformation, with regards to a steel w...

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The aftereffects of the Amazon-Whole Foods multi-billion-dollar deal - France’s Carrefour likely to be Amazon’s European target
Date: 2017-06-24   Author: Saipriya Iyer

Amazon, the super-imposing online retail market player, has signed an agreement to acquire Whole Foods Market Inc., the American supermarket chain that stocks foodstuffs that are completely devoid of colors, sweeteners...

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Nestle holds a major stake in the purchase of Freshly, the US-based ready meal delivery startup
Date: 2017-06-23   Author: Satarupa De

Nestle is ready to hone its distribution network in the fast changing U.S. retail market with its announcement of acquiring a minority stake in the New York based ready meal start up, Freshly. The announcement of the d...

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Novartis achieves positive Phase III results for AMD, Eylea to face stiff competition ahead
Date: 2017-06-23   Author: Saipriya Iyer

Novartis, the renowned Switzerland-based pharmaceutical market player, has received data from two Phase III trials, namely, HAWK and HARRIER, that depict the optimum performance of its new VEGF-A inhibitor RTH258 (brol...

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Roquette expands its business horizon in pharmaceutical excipients market
Date: 2017-06-23   Author: Satarupa De

Roquette, a global supplier of plant based innovative pharmaceutical ingredients has recently announced its strategic acquisition of the renowned Brazilian tablet maker, Itacel, which is essentially a subdivision of th...

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Clinical collaboration between Novartis and Bristol-Myers Squibb to target the emergence of new cancer therapies
Date: 2017-06-23   Author: Sunil Hebbalkar

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

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Nestlé Waters to pour in USD 6 million investment to support the Closed Loop Fund
Date: 2017-06-23   Author: Ojaswita Kutepatil

In an effort to find a national solution to the “recycling gap” across the American sub-continent, Nestlé Waters North America has announced an investment of USD 6 million in the Closed Loop Fund....

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Dow Chemical Company to invest in Saudi Arabia for setting up a coatings and silicones unit
Date: 2017-06-22   Author: Ojaswita Kutepatil

Supporting Saudi’s Vision 2030, Dow Chemical Company has signed an agreement to develop a manufacturing unit in Saudi Arabia. This agreement is likely to provide the region with water-treatment applications and a w...

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Walmart to accelerate its growth in e-commerce to compete with Amazon
Date: 2017-06-22   Author: Ojaswita Kutepatil

Wal-Mart has been pushing hard to catch up with Amazon to sustain its position in the e-commerce battle among leading retailers. This American multinational retail corporation, headquartered in Bentonville, Arkansas, h...

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Volvo promises to bring sustainability in its new business models
Date: 2017-06-22   Author: Ojaswita Kutepatil

Volvo, a Swedish multinational manufacturing company, is now committed to roll out more safe, sustainable, and convenient cars on the road. In this regard, the company is upgrading its business model to support the UN ...

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Google’s Alphabet Incorporation to sell robot-manufacturing firms Schaft and Boston Dynamics to Japan’ Softbank Group
Date: 2017-06-22   Author: Dhananjay Punekar

Softbank Group, a multinational telecommunications & internet firm based in Japan, has decided to purchase robot maker Boston Dynamics from Alphabet Incorporation, a U.S. based multinational firm and a parent compa...

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Volkswagen refuses to let its final investigation report go public
Date: 2017-06-21   Author: Ojaswita Kutepatil

The German automotive giant, Volkswagen (VW) which has acquired 70% of the U.S. light-weight diesel car market, is now simmering in its own toxic juices for cheating on diesel emission tests. ...

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Unilever launches its sustainable packaging technology, commences by recycling used sachets to biodegradable ones
Date: 2017-06-21   Author: Shikha Sinha

Unilever, the consumer goods tycoon, has announced its latest technological move toward sustainable packaging. The technology will basically focus on the recycling of billions of sachets the company sells annually and ...

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Sinopec aims to bifold foreign investment, sets a target exceeding USD 30 billion
Date: 2017-06-21   Author: Saipriya Iyer

Sinopec Limited, renowned Chinese oil and gas company headquartered in Beijing, China, plans to increase invest more than USD 30 billion to expand its market overseas. The company, which is reportedly owned by the Chin...

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McClarin Plastics expands its business in Oklahoma, firm plans to increase the workforce base in Oklahoma City
Date: 2017-06-21   Author: Satarupa De

McClarin Plastics, a pioneer of fiberglass reinforced, composite, and thermoformed plastics is all set to expand its business base in central and southwest region of U.S., with its recent investment in Oklahoma-based C...

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Germany produces more than 85% of energy from renewables, breaks global energy records
Date: 2017-06-20   Author: Saipriya Iyer

In what seems to be one of most spectacular, eye-popping scoops of recent times, Germany has produced more than 85% of its energy via renewable sources. While the country’s contribution to global renewable energy market is not unheard of, th...

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ExxonMobil to purchase one of the world’s biggest petrochemical-refining plant of the Jurong Aromatics Corporation
Date: 2017-06-20   Author: Dhananjay Punekar

Jurong Aromatics Corporation, based in Singapore has signed an agreement with ExxonMobil that enables the latter to purchase Jurong’s petrochemical-refining plant by the second half of 2017. The acquisition of th...

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BASF and PI industries enter into a strategic collaboration that aims to change overall agrochemical market dynamics
Date: 2017-06-20   Author: Satarupa De

BASF, a renowned name in the global chemical and agriculture market and PI Industries, a notable agrochemical company, have recently signed an agreement to create a strategic model that will offer effective crop protecti...

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BASF to serve as a Silver sponsor for FFA in 2017, chemical magnate’s alliance with FFA gets stronger
Date: 2017-06-20   Author: Saipriya Iyer

BASF SE, the largest chemical producer in the world, based in Germany, will reportedly serve as a Silver sponsor for FFA in 2017, thereby strengthening the 60-year-old partnership of BASF with the National FFA Organiza...

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Apple plans to invest USD 1 billion for the expansion of its data center in Nevada
Date: 2017-06-19   Author: Saipriya Iyer

Apple has recently announced its plan to make an investment of approximately USD 1 billion for expanding its huge data center situated to the east of Reno, in the state of Nevada. This announcement has come barely a we...

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The FDA issues warnings to 14 companies for marketing illegal cancer remedies
Date: 2017-06-19   Author: Saipriya Iyer

The Food and Drug Administration has notified 14 companies for illegally selling untested products as a viable treatment medication for cancer. Reliable sources state that 14 U.S. based companies have been found to man...

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Flipkart’s acquisition of Snapdeal awaits the final green signal from Nexus Venture Partners
Date: 2017-06-19   Author: Shikha Sinha

Snapdeal’s sale to Flipkart - the sensational acquisition which is still not through, has taken another interesting turn with Kalaari’s affirmation to the deal value set by Softbank. Softbank, the largest s...

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