About Author : Shikha Sinha

Aptito launches a self-order kiosk solution for online food delivery

Net Element, Inc. announced that Aptito, its subsidiary has forayed into the online food delivery business by launching a self-ordering kiosk solution. The latest multi-restaurant self-order kiosk software-as-a-service offers a valuable sol...

VetPartners to acquire National Veterinary Care Ltd. for $168 million

Australia-based National Veterinary Care Ltd. reportedly announced that it has signed an initial agreement with VetPartners for its acquisition. The deal has been valued at around A$248.4 million (closely $168.56 million). Under the transaction, s...

Radpay’s valuation reaches $10.2 million after seed funding round

In a first, the company has secured funding from outside source The two prominent investors included BlockLaunch and Resiliency Ventures Radpay intends to direct the funds towards further company development The se...

PDC Energy acquires SRC Energy in $1.7 billion all-stock transaction

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 by PDC in an all-stock transactio...

Online bank N26 secures $170 million funding for global expansion push

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 its expansion into markets beyo...

Upland Software to acquire marketing software business Kapost

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 Experience Management & Ente...

ValiRx confirms new joint venture agreement, acquisition of IP assets

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 property and patents previously owned by a Finnish company named FIT ...

Ola Cabs looks to secure up to $300M more through Series J funding

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 company of Ola Cabs, ANI Technologies, has reportedly planned an increase in its authori...

Technology giant Apple enhances its clean energy suppliers list

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 make Apple products. With the...

Lifestyle marketplace Zilingo outlines expansion plans in Cambodia

· The latest funding brings Zilingo’s total funding evaluation to $308 million. · The company, as per reports, is also planning to ...

Travel booking platform Klook raises US$225M in Series D+ Funding

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 industry. Reportedly, the la...

Roblox gaming community touches 90 Million monthly active users mark

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. The gaming firm has declared the...

Perficient announces successful implementation of Oracle’s Seibel CTMS

Perficient to hold Seibel CTMS session to demonstrate its successful implementation during Oracle Health Sciences Connect. Perficient, Inc. a consulting firm specializing in digital transformation of large enterprise customers throughout North Ame...

MAG expands in Australia with Encore Aviation entities acquisition

The acquisition will prove to be critical for determining MAG’s expected growth in Asia-Pacific. MAG Aerospace, the America-owned military contractor has recently obtained the rights for Encore Aviation and Encore Helicopter Maintenance. Bot...

Tookitaki Holding raises up to $7-5 million in Series A financing

Tookitaki is recognized for offering enterprise software solutions that help in creating compliance programs for the financial services sector Tookitaki Holding Pvt. Ltd., a data intelligence company based in Singapore, has made it to the headline...

Royal Brunei & British Airways to double destinations in Europe

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 European locations such as Rome, Brussels, a...

Cannabis maker HEXO Corp to acquire Newstrike for around $200M

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 producer, HEXO Corp. has recently entered into a definitive ‘arrangement agreement&rs...

IT giant Cognizant acquires Dublin-based fintech firm Meritsoft

The company with this acquisition will leverage Meritsoft’s know-how to help clients transform business for the digital era. American IT conglomerate, Cognizant has recently announced its acquisition of Dublin-based financial software firm, ...

Comcast acquires leading AI cybersecurity firm BluVector Inc.

BluVector's founding CEO, Kris Lovejoy, has been repositioned as a consultant and advisor to Comcast and BluVector. Comcast Corporation, the American telecommunications conglomerate, has reportedly announced the acquisition of AI-based cyberse...

VOI the e-scooter sharing startup raises funds for European expansion

The company with the newly acquired funds will expand in Germany, Italy, Norway and France. Sweden’s electric scooter sharing startup, VOI Technology has recently raised $30 million in its new fundraising round which it plans to use for expa...

ATX Seed Ventures closes second investment fund worth $32 million

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 other early-stage mobile applicati...

An Post plans to launch a network of parcel lockers across Ireland

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 returns. As per market experts, t...

AveXis plans to double workforce at its Durham production facility

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. The firm also declared an addition...

DOCOMO to deliver photo album service on an OEM basis in Taiwan

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 trusted sources, the service is sch...

Biotech startup Sight Diagnostics raises $27.8M in Series C funding

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 been led by Israel’s VC firm...

btov Partners raises €80M fund, aims at new industrial technologies

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-tech start-ups with cases of in...

AC Energy to acquire Phinma Group power unit in a P6 billion deal

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 have signed an agreement for acqui...

Kroger shuts down Columbus bakery, lays off nearly 400 employees

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 retail environment and to meet c...

Control4 Corporation acquires NEEO to provide smart home solutions

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, Control4 plans to lead the global smar...

Google Plus to officially shutdown on April 2 amid user data breach

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 down Google+ in December 2018 and ...

MoneyOnClick raises $2m in seed funding led by Orios, 3one4, Kalaari

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 Capital, and Kalaari Capital. ...

ClearOne® unveils new cloud collaboration service COLLABORATE® Space

COLLABORATE Space runs on any standards-based video endpoint and on any device from desktop to mobile. The new service increases productivity for everyone involved in the organization and energizes the overall workflo...

Samsung to officially take over the Israel-based Corephotonics

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’s 5x dual camera zoom system h...

Rockwell Automation buys Emulate3D to enhance system planning

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

Primary Health Properties announces an all-share merger with MedicX

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 healthcare property firm, with abou...

Reliance demands Niko’s exit from KG-D6 on account of payment default

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, KG-D6 (Krishna Godavari Dhirubh...

L&T Infotech to purchase stake in Bengaluru-based IT firm Mindtree

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 to the matter, the L&T unit i...

MineHub-IBM to leverage blockchain for mining industry supply chai

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 reduce costs in mineral concent...

Immersive Labs garners $8M in Series A, Goldman Sachs leads round

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, with participation from several un...

British firm ContourGlobal acquires Alpek’s two Mexican plants

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 Stock Exchange, the company sta...

Mammoth Energy enters into JV with Wexford Capital, acquires ARS

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 integration for its subsidiary Cobra thr...

After Hyderabad, IKEA heads to Noida with an investment of INR 500 Cr

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 trusted sources, the deal is wort...

Uniper in talks with European company EPH to sell its French business

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 the latter. According to sour...

Tata power invests Rs700m for installing 1000 charging stations in NCR

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 approximately INR 700 million. ...

Jet Airways to decline services on seven Gulf routes following losses

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. According to authentic sources, high...

Xiaomi in talks with two more partners to expand presence in India

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 runn...

Luxury brand Kering teams with Apple for in-store mobile apps

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 pr...

Tencent signs partnership deal with Line on mobile payments in Japan

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. Reports cite, through the partnership, Japanese mercha...

German grocer Lidl set to launch its first outlet in Pennsylvania

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 regional store in Delaware coun...

Australian media firm Fairfax receives green light to merge with Nine

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 relaxation of media ownership laws...

Biotech firm Roivant Sciences raises $200 million in a funding round

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 equity investment. Reportedly, the in...

Tata Group in talks of acquiring a controlling stake in Jet Airways

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-strapped carrier. As per trusted...

Avenue Capital to acquire 27% stake of Arcil from IDFC bank and others

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. Reports cite, Arcil has submitted an application to ...

Swiggy expands food delivery service to 16 new cities in India

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, Warangal, Aurangabad, Mangalore, Agra,...

Mexico halts construction of the $13.3B Mexico City Airport project

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 project. Reports cite, the gover...

EU parliament approves law to restrict use of antibiotics on animals

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. As per trusted sources, animals in Europe ...

FirstCry commences talks with SoftBank & Alibaba for $150M funding

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 million. As per trusted sources, th...

Canopy Growth buys assets of hemp researcher Ebbu Inc for C$429m

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 complement and speed up multipl...

E-scooter start-ups Bird Rides and Lime looking for more funding

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 two-year-old, had already raised...

Xiaozhu raises around USD 300 million from Jack Ma’s Yunfeng Capital

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 witnessing fierce competition from ...

Mercer acquires Mettl to invest in India talent assessment market

Mercer, one of the world’s leading consulting firms, has reportedly announced the acquisition of Mettl, an Indian online talent assessment solution provider. As per reliable sources, Mettl provides multi-lingual assessments conducted through a ...

Mazda to launch an electric car & a rotary engine hybrid by 2020

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 range extender. Mitsuo Hitomi, Man...

Amazon India launches ‘Select’ program to assist emerging brands

E-commerce giant Amazon has reportedly started a new program called ‘Select’ in India. As per trusted sources, the program will enable emerging brands in the country to get access to a suite of brand building tools and services. Amazon I...

Renesas partners with Alibaba to strike gold in the China IoT market

Renesas Electronics Corporation, a Japanese semiconductor manufacturer, has reportedly made it to the headlines for its partnership with Alibaba Group Holding, the Chinese multinational conglomerate. The collaboration is aimed at helping manufacturer...

Instacart and ALDI expand delivery partnership to 35 U.S. states

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 of the successful pilot programs ...

Newtec & Arabsat expand partnership to launch new HTS service

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 launch ne...

Solar Alliance completes 22.6 KW project for AAMCO with REAP grant

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 Energy for America Program (REAP...

Alibaba co-founder Jack Ma to step down as chairman in September 2019

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 current Chief Executive. Reported...

British Airways unveils codeshare agreement with India’s Vistara

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 destinations currently operated by the In...

Ryanair accuses UK air traffic controller NATS of discrimination

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 claimed that the figures publishe...

Broadcasting platform Caffeine raises $100M from 21st Century Fox

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 used to open Caffeine Studios, which will br...

Equatorial Guinea set to launch new oil & gas bid round in January

Equatorial Guinea has reportedly announced that it will be launching a new bidding round for oil & gas exploration in the first quarter of 2019. According to reports, the bidding round would be for oil & gas exploration specifically in the on...

MannKind & United Therapeutics sign collaboration deal for PAH drug

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 enhance the development and comm...

EE’s latest plan allows customers to upgrade their devices anytime

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 enhance the deal, EE is allowin...

OSN and Huawei team up to deliver IPTV solution in the Middle East

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, the strategic partnership between ...

Water companies submit plans to cut prices across England and Wales

Water companies have reportedly laid out plans to slash bills for millions of households in England and Wales. As per trusted sources, companies like United Utilities and Severn Trent have announced plans to reduce leaks and cut the average bill by 5...

Is the legalization of medical marijuana changing the healthcare dynamics of North America?

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 justice system. In fact, the war...

Nova Scotia inks a $286 million deal for home care and mental health

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 years from Ottawa. Sources familia...

CSIRO unveils roadmap for hydrogen energy industry in Australia

Australian scientific research federal government agency, CSIRO has reportedly unveiled a new blueprint to build a hydrogen energy industry in Australia. As per trusted sources, the research agency aims to establish Australia as the hydrogen leader o...

Ensign kicks off a C$947 million bid to take over Trinidad Drilling

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

Geely plans to invest close to $2 billion on the revival of Lotus car

Geely, a Chinese automotive manufacturing company, has reportedly made plans to invest a minimum amount of 1.5 billion pounds (USD 1.9 billion) in a bid to revive the famous British automotive brand Lotus. According to sources familiar with the deal...

3D Systems & GF Machining team up to develop factory of the future

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 manufacturing solutions will include prac...

ITV invests USD 1 billion with Hollywood giants to launch NewT

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 family would reportedly pour in ...

USDA FSIS awards pathogen detection device usage contract to 3M

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. Polly Foss, Global VP for Food Safety, 3M stated that bein...

RideOS raises USD 25 million to advance roll out of self-driving cars

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 venture firm backed by Siemens, along ...

Prudential & Babylon team up to provide AI-powered healthcare in Asia

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

GSK’s two-drug HIV treatment clears key clinical assessments

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 comparatively high levels of the virus ...

Apollo inks deal for Lifepoint buyout, aims to expand rural healthcare

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 per sources, is a result of Lifepo...

Ofgem proposes flexible charging to support electric cars revolution

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 a minimum of 60% more vehicles ...

Aston unveils Volante Vision Concept, takes aircrafts to skies by 2020

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 produced in partnership with Cran...

CATL builds factory for supplying batteries to German automakers

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

China to soon launch Fruquintinib, its self-developed anti-cancer drug

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 approved by the year end and ma...

County Line to acquire all assets of hydroponics system, Grow Box 5000

County Line Energy Corporation, a U.S. based industry major, has apparently entered into a non-binding MoU (Memorandum of Understanding) with Vince Andreula, Daniel Serruya, and Eric Dena regarding the acquisition of Grow Box 5000’s assets. For...

GE in talks to spin off industrial engines business for $3bn to Advent

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

Strawberries grown in vertical farms debut in Singapore markets

Sus-tenir Agriculture, an agricultural company in Singapore, has apparently announced the launch of its vertical farm-grown strawberries across selected supermarkets in the nation. Speaking on the sidelines of a visit to an R&D lab of the firm, ...

Ring announces the launch of smart home security system Ring Alarm

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

Oil & gas major Eni ties up with GE to build a 50-MW wind farm

Eni SpA, regarded as the leader across Italy oil and gas industry, has apparently revealed in a recent announcement that it would join hands with the United States based multinational conglomerate, General Electric, to set up a 50 MW wind project in ...

Green Bay Packaging invests $580M, expands Brown County operations

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

Automotive major Ford to test self-driving delivery van in Miami

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

Eindhoven to be the world’s first city with habitable 3D-printed homes

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

McDonald’s to expand its outlet portfolio with self-service kiosks

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 company would install these self...

Siemens-Knikatnu tie-up to propose a micro LNG plant at Houston

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 apparently come to fruition in partne...

PwC Australia enters alliance to bring blockchain to freight industry

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

Automotive major Nissan cuts production by 20% in North America

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

Nestle Japan develops healthcare nutrition service for aging societies

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

Ultimaker partners with polymers & advanced materials industry giants

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

Apple & Volkswagen join hands to manufacture self-driving vans

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 primarily aim at transforming Volk...

India to advance warfare tactics, works on UAV & robotic weaponry

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

German polymer maker launches digital channels, goes big in e-commerce

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

Automotive industry behemoth Nissan forays into home energy space

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

Chinese electronics giant Sogou unveils Smart Recording Translator

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

Royal Dutch Shell plans to make a comeback in polymers industry

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

Japan car parts maker Yazaki hit with $46mn penalty for cartel conduct

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 sources, the company had been accu...

Philips’ high-tech investment bids to push healthcare industry trends

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

GE Renewable Energy taps Chile wind industry, launches debut project

GE Renewable Energy has recently announced its very-first wind energy deal in Chile. Reportedly, the project with Arroyo Energy Compañía de Energías Renovables Limitada, will see the renewable energy industry major supply 6 turbi...

Royal Dutch Shell to drop its stake in Amberjack Pipeline for $1.22 bn

Oil major Royal Dutch Shell has recently unveiled in an announcement that it will be selling its ownership interest in the Amberjack Pipeline Company LLC. The sale deal with its subsidiary Shell Midstream Partners, L.P., is valued currently at USD 1....

Walmart to terminate grocery delivery alliances with Lyft & Uber

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 grocery delivering service, which has...

Cadent moves ahead to create UK’s first large-scale hydrogen network

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, the plant will help reduce enviro...

Automotive & transportation firm Uber expands service in Costa del Sol

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

Vodafone buys broadband & cable assets of Liberty Global for EUR 18bn

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 in Germany and Eastern Europe. ...

ISA and TAU Ventures to launch Xcelerator for emerging startups

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 program called as ‘The Xcelerat...

Standard Lithium signs MoU with Lanxess, tests Li extraction viability

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

Quebecor to repurchase its stake in Caisse for USD 1.69 billion

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 for a valuation of USD 1.69 bil...

Google launches open-source framework to secure data in the cloud

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

Walmart to alter opioid prescription policies at its pharmacies

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 initiative will be commenced within 60 da...

AstraZeneca inks a $538 million sales rights contract with Luye Pharma

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 in line with AstraZeneca’s ...

FCC approves Hydro One’s merger with U.S. energy industry firm Avista

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

Reece acquires MORSCO, taps U.S. luxury plumbing fixtures market

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

Oath Inc signs distribution agreement with electronics giant Samsung

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

Nikola Motors sues Tesla for $2 bn, accuses of copying truck design

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

Specialty chemicals firm ExxonMobil to buy PT FKT for USD 436mn

The American multinational oil & gas major ExxonMobil Corp., in its recent announcement has revealed that it will be soon acquiring one of Indonesia’s largest lubricants market players, PT Federal Karyatama (FKT). The USD 436 million strate...

Xcel Energy receives green signal for wind farms in New Mexico & Texas

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

Ellgia inks an agreement with Ferrybridge to create energy from waste

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 sources, FM1 would further generat...

ANZ, IBM, & Suncorp develop blockchain platform for insurance sector

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

Alibaba harnesses blockchain technology, combats food counterfeiting

In what may be touted as a move to improve the supply chain integrity and authenticity of food products, Alibaba has announced its latest blockchain technology initiative in the food sector. The project, which is a part of the retail giant’s Fo...

AGL Energy receives a $250m offer from Alinta for Liddell power plant

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

Toyota invests $170 MN in Mississippi, facilitates Corolla production

Toyota invests $170 MN in Mississippi, facilitates Corolla production Toyota Motor Corp., the renowned Japanese automotive giant, has recently announced an investment of USD 170 million at its Mississippi plant. The move comes amidst the backdrop o...

SIA to launch nonstop 19-hour flight from Singapore to New York

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 the year. Sources reveal that wit...

Aramco & SABIC choose KBR for their oil to chemicals plan worth $20b

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

ST Aerospace-Vietnam Airlines’ JV to fuel regional aviation industry

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

Aramco & Total may plan the buyout of Saudi retail fuel stations

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

Google offers speedy data centers connectivity via Partner Interconnect

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

WVU Medicine & Apple join hands to offer health records on mobile app

West Virginia United Health System (WVU Medicine), West Virginia's leading healthcare provider, has recently announced that it has teamed up with the tech giant Apple, Inc., to allow health records to be uploaded to the company’s mobile hea...

LiDAR firm Luminar unveils newest unit, aims to lead autonomous sector

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

Yinson & Sumitomo team up to operate FPSO & FSO projects worldwide

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

Nest to install 1M smart thermostats in low-income US households

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

Australian scientists develop novel polymer sponge for oil spills

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

DOE announces $105 million grant for advanced solar technologies

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

Oil & gas major Vermilion acquires Spartan Energy in a $1.11bn deal

Vermilion Energy Inc., a global leader in the oil & gas industry has recently announced that it is weighing an acquisition deal with its Canada-based rival Spartan Energy Corp. According to reports, the deal is finalized for C$1.40 billion (USD 1...

Rogers partners with Ericsson on 5G tech tests in Ottawa, Toronto

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

Archer inks JV with FlexeGRAPH, expands advanced materials production

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

Automotive firm Nexteer to set up new software center in India

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

Ofcom raises over £1 billion via auction of 34 lots of spectrum

UK telecommunication regulator Ofcom has recently announced that it has raised close to GBP 1.35 billion (USD 1.89 billion) via an auction of spectrum in two frequency bands - 2.3-GHz (4G) and 3.4-GHz. Apparently, the auction of 34 lots of spectrum a...

Under Armour reveals data breach of 150 million MyFitnessPal accounts

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 authentic reports provided by Und...

Pfizer’s positive drug results mark success in healthcare industry

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

Toshiba-Atheer to launch AR platform in smart technologies industry

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

Chevron Phillips successfully launches ethane cracker in Baytown

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

Ingevity acquires Georgia-Pacific’s pine chemicals business

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

Coolpad penetrates wearables sector via partnership with Qualcomm

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

J&J Innovation provides S$5m in World Without Disease Research Grants

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

GM to extend cutback in vehicle production at Oshawa plant, Canada

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 single-shift production operation da...

Red Dot Power plans to build 50 EV charging stations by 2019

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 would team up with a Finland-bas...

HBAN-DIA collaborate to invest nearly USD 3.75 mn in Irish firms

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

SwipedOn to expand business post USD 1 million capital raise

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

UNSW signs a landmark energy deal to become 100% solar powered

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

Hyundai Mobis to introduce world’s first panoramic sunroof airbags

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

Sanofi to comply with Philippines FDA post Dengvaxia clearance delay

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 firm’s dengue vaccine Deng...

The Imperial-led joint venture calls it quits on Mackenzie gas project

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

PotashCorp and Agrium to receive final approval for merger from FTC

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

Apple likely to unveil its first retail store in Saudi Arabia by 2019

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 Kingdom. As reported, the iPhone ma...

China’s Geely expands beyond the home turf, buys stake in AB Volvo

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 investor Cevian Capital for around $3....

US to revise offshore safety rules to promote more drilling activities

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 in place after the BP's Deep...

Oil major BP returns to solar market with $200m stake in Lightsource

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

Cleanaway to buy rival Tox Free Solutions in a $671 million takeover

Cleanaway, a leading player across waste management and recycling industry, has reportedly struck a million-dollar agreement to buy its minority rival Tox Free Solutions. According to reports, Cleanaway is expected to offer USD 3.425 per share in cas...

Pendragon focuses on UK used car market, sells its US motor business

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

Blackberry to pay Nokia $137 million to settle a contract dispute

In what seems to be an endless legal dispute between Nokia and Blackberry, that has been hitting the headlines since February this year, the latter has now been pulled up by the International Court of Arbitration by ordering it to pay $137 million to...

South32 spins off its major South African coal operations to hit JSE

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. Apparently, this move is set to ...

Alibaba acquires more than 33% stake of hypermarket operator Sun Art

In its relentless efforts to expand its footprint in the brick and mortar retail space, Alibaba Group Holding Limited has now acquired more than one-third of Sun Art Retail Group, regarded as China’s largest hypermarket stores operator. Since t...

Limerick secures GBP 85 million from EIB toward urban development

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-hectare Limerick ‘Opera C...

Airbus clinches a record 430-jet deal with Indigo Partners

One of the most significant aerospace events in the world, the Dubai Airshow, is set to incorporate its order book with a mammoth aircraft deal. The European aeronautical giant, Airbus SE, has confirmed that it has clinched an order of 430 jets, by a...

Uber to witness severe face-off as Lyft expands services to Toronto

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

Shell significantly divests a stake of AUD 2.2 billion in Woodside

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

Ford-Ekso Bionics exoskeleton proposition to enhance workers’ safety

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 rates. The company in collaboration ...

Vodafone-Cityfibre deal shudders the fibre industry in UK

The British telecommunications giant, Vodafone has announced its partnership with the UK’s largest wholesale fibre network infrastructure provider, Cityfibre to build a full fibre network which is expected to reach 5m homes by 2025. The move, b...

EU’s vehicle emission propositions to boost electric vehicles sales

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-out of electric vehicles in the ...

Uber-NASA to launch flying taxis in Los Angeles by 2020

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 traffic management system at a low alt...

Adidas rolls out its first shopping app in San Francisco

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

HSBC & Barclays initiate investments in green finance projects

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

Altice USA to provide voice & data services via Sprint’s network

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

Broadcom likely to unveil an unsought proposal to take over Qualcomm

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, Qualcomm Inc. According to sources f...

Qualcomm files fresh lawsuit in San Diego court to sue Apple

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, has accused the iPhone maker of...

Earbud startup Doppler Labs to shut down after raising USD 50mn

A smart earbud company, Doppler Labs, has announced that it is apparently shutting down all its operations, after running out of cash and options. Reportedly, the startup behind the Here One earbuds raised more than USD 50 million in funding from inv...

Chrysaor becomes one of largest UK O&G producers with Shell’s assets

Royal Dutch Shell has finalized a total of up to USD 3.8 billion sale of a package of its North Sea assets to Chrysaor. Reportedly, the sale includes an initial consideration of USD 3 billion upfront with a further payment due of over USD 600 million...

Vistra acquires Dynegy to form a power producer giant in Texas

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 that Vistra Energy’s acquisition with Dynegy for USD 1.74 bil...

GM settles lawsuit with California county for USD 13.9 million

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

CVS offers USD 66 billion to buy health insurer Aetna

CVS Health Corp. is reportedly amid serious discussions to acquire the third largest health insurer in the U.S., Aetna Inc., for a rumored amount of over USD 66 billion. Apparently, the deal has offered Aetna more than USD 200 per share. If sources ...

LloydsPharmacy shuts 190 UK outlets, blames it on govt funding cuts

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 LloydsPharmacy, scarcely revealed that the organization’s decision t...

BT to cut down charges for up to a million landline customers

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 million customers subscribing to BT’s telephone service will see th...

UK legislators accuse eBay & Amazon for failure to tackle VAT frauds

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

US regulators indict Rio Tinto’s chief officials for fraud

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 on the heels of the statement t...

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