SpaceX SN10 prototype lands at Boca Chica landing pad, later explodes
Date: 2021-03-05   Author: Pankaj Singh

SpaceX, an aerospace company, has reportedly landed one of its Starship prototypes, Serial Number 10 (SN10), following a test flight at high-altitude. SN10, unlike its predecessors namely SN8 and SN9 that crashed into ...

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PayPal to hire 1,000 engineers for development centers in India
Date: 2021-03-04   Author: Pankaj Singh

PayPal, an online payments system operator, has recently announced plans to hire 1,000 engineers for its development centers in India across Hyderabad, Chennai, and Bengaluru. The...

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Bharti Airtel acquires 355.45-MHz frequency spectrum for $2.5Bn
Date: 2021-03-03   Author: Pankaj Singh

Bharti Airtel has recently announced the acquisition of 355.45-MHz spectrum across the sub GHz, mid, and 2300-MHz bands for ?18,699 crores ($2.5 billion). The Indian telecommunications company has obtained these a...

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odix will now provide FileWall add-on to interworks.cloud ecosystem
Date: 2021-03-02   Author: Pankaj Singh

The addition of FileWall will help interworks.cloud add a crucial protection layer for their Microsoft 365 users against zero-day attacks and ransomwares ...

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Reliance Strategic Business secures additional equity stake in skyTran
Date: 2021-03-01   Author: Pankaj Singh

Reliance Strategic Business Ventures Limited, a wholly-owned subsidiary of Reliance Industries Limited, has recently acquired an additional equity stake in skyTran Inc, an investee company. This additional stake was ac...

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ElectrifAi-OXIO form business alliance to personalize phone plan rates
Date: 2021-02-26   Author: Pankaj Singh

ElectrifAi, a global leader in machine learning models, has recently announced a business collaboration with a telecommunications company, OXIO, to personalize rates of phone plans. The company will combine its domain ...

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Hyundai to recall Kona EV & more electric vehicles over battery issues
Date: 2021-02-25   Author: Pankaj Singh

Hyundai Motor Co, a South Korean automotive manufacturer, has reportedly announced plans to replace the battery systems in over 82,000 EVs (electric vehicles) worldwide due to fire risks. This initiative or EV recall i...

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Adani-EdgeConneX announce joint venture to build data centers in India
Date: 2021-02-24   Author: Pankaj Singh

Adani Enterprises Limited, an integrated business conglomerate, and EdgeConneX, a leading-edge data center provider, have recently announced a 50/50 joint venture deal. This data center company operates 50 facilities a...

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Jet Airways’ share price soars 5% after flight resumption announcement
Date: 2021-02-23   Author: Pankaj Singh

Share price of Jet Airways, an Indian international airline, has reportedly soared by 5%, hitting the upper circuit of ?114.90 ($1.59) per share on the Bombay Stock Exchange. This significant increase in share price ha...

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Chandrayaan-3 launch postponed to 2022, reveals ISRO chief K Sivan
Date: 2021-02-22   Author: Pankaj Singh

In a quick turn of events, the current Secretary and ex-officio chairman of ISRO (Indian Space Research Organization), K Sivan has reportedly revealed that India's third mission to the Moon, Chandrayaan-3, is antic...

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Nestle sells water brands in North America to private equity firms
Date: 2021-02-19   Author: Pankaj Singh

Nestle, a Swiss food and drink processing company, is reportedly selling its bottled water business in North America to Metropoulos and Co. and One Rock Capital Partners. This pair of private equity firms will pay $4.3...

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Tata Group to acquire majority stake in BigBasket for super app launch
Date: 2021-02-18   Author: Pankaj Singh

Indian salt-to-software conglomerate Tata Group is reportedly set to acquire a majority stake of 68% in online grocery firm BigBasket. The deal, which is valued at approximately Rs 9,100-Rs 9,200 crore, was finalized e...

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Byju’s plans to acquire edtech rival Toppr in a USD 150 million deal
Date: 2021-02-17   Author: Pankaj Singh

The news of this deal comes along the heels of Byju’s acquisition deal with Aakash Educational Services, valued over USD 1 billion The comp...

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Eupheus Learning raises a Series B funding of USD 4.1 million
Date: 2021-02-16   Author: Pankaj Singh

The funding will help the company in expanding their business in the West Asia market, claim sources with knowledge of the matter Eupheus Learning...

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ADQ to invest $70Mn in Etechaces ahead of Policybazaar’s IPO in 2021
Date: 2021-02-15   Author: Pankaj Singh

ADQ, a public joint-stock company, is reportedly planning to make a $70 million investment in Etechaces Marketing and Consulting, a fin-tech marketing company. This investment in the parent company of Policybazaar and ...

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IDEMIA-Honeywell join hands to develop intelligent building ecosystem
Date: 2021-02-12   Author: Pankaj Singh

Connected buildings industry leader Honeywell and AR global leader IDEMIA have reportedly inked a strategic collaboration for the development of an intelligent building ecosystem. Geared towards providing a seamless an...

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Volkswagen to probe possibilities of flying vehicles in China
Date: 2021-02-11   Author: Pankaj Singh

Volkswagen, an automobile & commercial vehicle manufacturer, has reportedly become the latest automaker to explore the possibilities of flying vehicles in China. As per the re...

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Kong raises USD 100 million for upscaling cloud infrastructure
Date: 2021-02-10   Author: Pankaj Singh

The series D funding, initiated by Tiger Global Management, will surge the company’s valuation to USD 1.4 billion Software and managed servi...

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BevCanna enters definitive agreement to acquire Naturo Group
Date: 2021-02-09   Author: Pankaj Singh

BevCanna Enterprises Inc., a manufacturer of cannabinoid-infused beverages, has recently entered a definitive agreement to acquire Naturo Group Investments Inc. The two companies ...

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ITC to deploy crowd-sourcing systems to drive digital switch
Date: 2021-02-08   Author: Pankaj Singh

Leading multinational conglomerate, ITC, which has incorporated digital technologies for its businesses, is reportedly heading towards the next phase of a digital switch. Followin...

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Hero MotoCorp sets up new vertical to boost Harley-Davidson business
Date: 2021-02-05   Author: Pankaj Singh

Indian motorcycle and scooter manufacturer, Hero MotoCorp Ltd, has recently announced the development of a separate vertical, in a bid to boost the company’s Harley-Davidson business as well as merchandise distri...

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RBI appoints an external IT firm for HDFC Bank’s Infrastructure audit
Date: 2021-02-03   Author: Pankaj Singh

The Reserve Bank of India (RBI) has reportedly hired an external professional IT company to carry out the IT Infrastructure audits for HDFC Bank and has appealed to the company for a report at the earliest. ...

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Expert warns U.S. citizens to brace for deadly UK COVID-19 strain
Date: 2021-02-01   Author: Pankaj Singh

A prominent infectious disease expert has recently predicted that a dominant and more deadly UK strain of the coronavirus is expected to drastically hit the U.S. in coming days. This forecast came amid a rapid rise in ...

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RIL reveals new brand identity for its sports & lifestyle business
Date: 2021-01-29   Author: Pankaj Singh

Reliance Industries Ltd., also known as RIL, has recently announced its decision to rebrand its sports & lifestyle business. The new brand identity, RISE Worldwide Ltd., will aid the company’s ventures in the...

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Wabtec bags train components order for Singapore Mass Rapid Transit
Date: 2021-01-25   Author: Pankaj Singh

Wabtec Corporation, a leading systems, equipment, value-added services and digital solutions provider, has reportedly announced that it has bagged a new order from South Korean firm, Hyundai Rotem Company, for supplyin...

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Google India to remove personal loan apps in violation of user policies
Date: 2021-01-15   Author: Pankaj Singh

The tech company conducted a review of several money apps on the Play Store in India, based on user and government flags Warnings were issued to remaining apps to comply ...

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Saudi Arabia resumes flights to Qatar as part of a political reconciliation
Date: 2021-01-12   Author: Pankaj Singh

Saudi Arabia resumes flight to Doha for the first time in three years Weekly flights will operate from Jeddah and Riyadh to Doha T...

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Facebook rolls out new page design updates and innovations
Date: 2021-01-08   Author: Pankaj Singh

Social media giant Facebook Inc has come along with new ideas and updates for Facebook Pages. The company has reportedly announced a significant upgrade to the old Facebook Page, experience mainly for public figures an...

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Airtel moves Supreme Court of India to lower dues as per AGR fees
Date: 2021-01-07   Author: Pankaj Singh

Bharti Airtel has reportedly moved the Supreme Court of India seeking to lower dues that are payable as per the AGR (aggregated gross revenue) fees. The Indian telecom company has...

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Indian government invites EOI to sell 26% stake in BEML Limited
Date: 2021-01-04   Author: Pankaj Singh

Central Government of India has reportedly invited EOI (Expression of Interest) for the strategic sale of its 26% stake in BEML Limited (Bharat Earth Movers Limited). The government presently holds a 54.03% stake in to...

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BeiGene Announces approval for its three oncology products in China
Date: 2020-12-29   Author: Saipriya Iyer

BeiGene Ltd., one of the leading Chinese commercial-stage biotechnology firms focused on commercializing and developing innovative medicines, has reportedly announced that it has received approval from the NHSA (China ...

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L&T to hire 1,100 Graduate & Post Graduate Engineer Trainees in 2021
Date: 2020-12-28   Author: Saipriya Iyer

Larsen & Toubro (L&T), a construction engineering company, has reportedly announced plans to recruit over 1,100 graduate & post-graduate trainees in 2021. This pool of talent will then be deployed for const...

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US congress approves USD 900 billion new COVID-19 relief packages
Date: 2020-12-23   Author: Pankaj Singh

The U.S. House has reportedly approved a USD 900 billion COVID-19 support package, throwing a lifeline to the country’s pandemic-affected economy after months of inaction. President Trump is expected to sign the ...

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WhatsApp announces plans to launch calling support to web version
Date: 2020-12-21   Author: Saipriya Iyer

The social media giant Facebook Inc. has reportedly announced plans to integrate a new feature into WhatsApp that will enable users to make audio and video calls on its desktop version. The instant messaging app has be...

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WhatsApp India announces plans to launch insurance products by 2020
Date: 2020-12-18   Author: Saipriya Iyer

WhatsApp Inc, the world’s leading instant messaging social media platform, has reportedly announced plans to roll out pension products and micro-insurance products in India by end of 2020. ...

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Faraday Future & Philips to join hands in Joint Development Agreement
Date: 2020-12-17   Author: Saipriya Iyer

The agreement marks a working collaboration between the companies, aimed at developing and displaying health and wellness features in future automobiles The collaboration...

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Crestbridge acquires Ovation Fund to strengthen service offerings
Date: 2020-12-16   Author: Saipriya Iyer

The Crestbridge Limited, a U.S-based firm providing a comprehensive range of outsourced fiduciary, accounting, administrative, and compliance services, has reportedly announced the acquisition of Ovation Fund Services....

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Covetrus announces separation from former parent firm Henry Schein
Date: 2020-12-11   Author: Saipriya Iyer

Covetrus, the U.S-based leading firm offering animal-health technology and services, has reportedly announced that it has exited all 72 transitional services agreements with its former parent firm Henry Schein Inc. The...

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Oyo lays off 600-800 more employees in its move to revenue-sharing model
Date: 2020-12-10   Author: Saipriya Iyer

Hospitality firm Oyo has reportedly laid off another 600-800 employees as it prepares for a move towards a leaner business model. Sources familiar with the matter have claimed that most of the workers are from the oper...

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GOL becomes first airline to resume Boeing 737 MAX operation
Date: 2020-12-08   Author: Saipriya Iyer

Brazil’s GOL Linhas Aéreas Inteligentes S.A. has reportedly become the first carrier in the world to resume commercial flights with the Boeing 737 MAX. Starting from December 9, the airline’s first M...

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Nissan launches a new platform to offer virtual showroom experience
Date: 2020-12-04   Author: Saipriya Iyer

Starting from December 1, Canadian people have an exclusive opportunity to discover Nissan’s latest cars from the comfort of their home, office, or anywhere else with a new virtual experience platform named &lsqu...

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AWS introduces its next-gen custom chip to train ML models, Trainium
Date: 2020-12-03   Author: Saipriya Iyer

Amazon subsidiary AWS recently introduced a new custom chip for training machine learning models, dubbed AWS Trainium. According to the company, the next-gen chip, launched at the re:Invent developer conference, is des...

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MidOcean Partners announces acquisition of FullSpeed Automotive
Date: 2020-12-02   Author: Saipriya Iyer

MidOcean Partners, the U.S-based private equity organization focused on leveraged buyouts, growth capital investment, and recapitalizations in middle-market companies, has reportedly acquired Denver-based FullSpeed Aut...

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Fitbit appoints JMDC as exclusive Fitbit premium distributor in Japan
Date: 2020-11-27   Author: Saipriya Iyer

Fitbit, a renowned American consumer electronics and fitness company, has reportedly announced that JMDC would now be the exclusive distributor of Fitbit premium for its enterprise customers throughout Japan. ...

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Unitus chooses Payrailz to better lead its digital P2P efforts
Date: 2020-11-25   Author: Pankaj Singh

Payrailz®, a leading digital payments firm offering engaging and advanced payment experiences to credit unions and banks across the U.S., has reportedly announced that the Unitus Community Credit Union is now a nov...

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Germany, UK, & US could likely begin COVID-19 vaccinations in December
Date: 2020-11-24   Author: Pankaj Singh

As the G20 leaders vow to ensure fair distribution of COVID-19 vaccines, tests, and drugs worldwide, Germany, UK, and US, each have reportedly announced their plans of starting vaccinations in their respective countrie...

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US based Maidbot closes Series B investment round led by RB Group
Date: 2020-11-19   Author: Pankaj Singh

Maidbot, a US based company leading the commercial services robotics industry, has reportedly announced the completion of its Series B investment round. However, the company did not disclose any financial terms of the ...

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NWA invests in dustless sanding tool to drive customer satisfaction
Date: 2020-11-18   Author: Saipriya Iyer

NWA Hogs Painting, a professional painting company in Arkansas, has reportedly announced its investment in a new dustless sanding tool. NWA Hogs is among the few companies in the state that produce this type of tool. T...

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Bezos Announces $791 Mn as the First Grants of his $10 Bn Earth Fund
Date: 2020-11-17   Author: Pankaj Singh

Jeff Bezos, Amazon CEO declared the 16 environmental organizations that will get $791 million as the first grantees’ round for his $10 billion Bezos Earth Fund. The list comprises long-standing, well-funded organ...

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Google Gets a Nod from India for its $4.5 Bn deal with Jio Platforms
Date: 2020-11-13   Author: Pankaj Singh

India’s antitrust regulator, the Competition Commission of India (CCI), has approved the investment of $4.5 billion proposed by Google in Reliance’s Jio platform. The ...

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ByteDance Files a Petition in the US Court Regarding TikTok Sale Order
Date: 2020-11-12   Author: Pankaj Singh

ByteDance, the Chinese owner of the video-sharing app TikTok, has filed a plea with the US Appeals Court asking it to intervene to prevent the U.S. government from divesting TikTok. ...

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Pfizer & Biontech Announced the Success of BNT162b2 Against Covid-19
Date: 2020-11-11   Author: Pankaj Singh

Pfizer Inc and BioNTech SE stated that their mRNA-based vaccine candidate revealed that BNT162b2, their mRNA-based vaccine candidate against SARS-CoV-2 has shown proof of effectiveness against COVID-19 in members witho...

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Marg ERP and Paytm Team-up to Streamline Transactions for MSMEs
Date: 2020-11-09   Author: Pankaj Singh

Marg ERP, India’s one of the biggest providers of enterprise solutions with more than 50% market share in FMCG and Pharma sector nationally, has partnered with Paytm to simplify transactions for MSMEs. This colla...

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Turkish Authorities Fine Facebook and Twitter for Breaking the New Law
Date: 2020-11-06   Author: Pankaj Singh

The Turkish authorities have fined Twitter, Facebook, TikTok, Instagram, and Periscope with 10 million Turkish lire ($1.2 million) each for missing the deadline of appointing a country representative, confirmed Omer Fa...

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Intel acquires another machine learning modeling company Cnvrg.io
Date: 2020-11-05   Author: Pankaj Singh

Chip giant Intel has now acquired another startup for furthering its project on AI operations and machine learning. The Israeli company, Cnvrg.io, which Intel has purchased, has created a platform for data scientists, ...

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Apple to Launch Arm-based Macs in its “One More Thing” Event
Date: 2020-11-04   Author: Pankaj Singh

Apple is organizing its event, “One More Thing” on November 10th in which the company is expected to unveil its first Arm-based Macs that work on Apple Silicon chips rather than Intel processors that the co...

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The U.S. gains support from 49 countries for Clean Network initiative
Date: 2020-11-03   Author: Saipriya Iyer

The U.S. has reportedly announced support from 49 countries, representing 2/3rd of the global economic output, for its ‘Clean Network’ initiative. People with knowledge of the matter have stated that the recent initiative is aimed at l...

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Lightbox opens $94M jewelry manufacturing facility in the U.S.
Date: 2020-11-02   Author: Saipriya Iyer

Lightbox, an innovative producer of consumers fashion jewelry, has reportedly opened an advanced manufacturing facility worth $94 million in Gresham, Oregon. Follow...

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Apple amplifying efforts to develop an alternative to Google search
Date: 2020-10-30   Author: Pankaj Singh

  Apple is reportedly stepping up its efforts to develop a Google search engine alternative for iPhones as its relationship with Google coming into question. ...

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Google to manufacture new Pixel & Nest products with recycled material
Date: 2020-10-29   Author: Saipriya Iyer

Google, an American technology company, has reportedly announced its new innovation where its Pixel & Nest products will be manufactured using recycled material. The move implies that Pixel 4a, Pixel 5 smartphones,...

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Google, Temasek announce joint investment of $350 mn in Tokopedia
Date: 2020-10-28   Author: Saipriya Iyer

Google and Temasek to form an agreement for investing a whopping share in Indonesian e-commerce giant-Tokopedia.   The deal is yet t...

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Quibi to shut down barely 6 months after streaming service launch
Date: 2020-10-23   Author: Saipriya Iyer

Quibi Holdings LLC, a media company, is reportedly shutting down its operations, just 6 months after the launch of a streaming service by the company. The streaming service, which...

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Jio partners with Qualcomm to test & develop 5G radio access network
Date: 2020-10-22   Author: Saipriya Iyer

Jio Platforms, an Indian digital service company, has recently announced the testing and development of a 5G RAN (radio access network). This 5G RAN can transfer data at the rate of more than 1-GB per second. ...

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Deutsche-SPL test 4G voice & data connectivity at stratosphere edge
Date: 2020-10-21   Author: Saipriya Iyer

Deutsche Telekom and Stratospheric Platforms Limited (SPL) have reportedly conducted the world’s 1st successful 4G voice & data connectivity demonstration. The demonstration has been made by flying at the str...

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Ireland’s DPC to investigate Facebook for Children's Data on Instagram
Date: 2020-10-20   Author: Pankaj Singh

Ireland’s Data Protection Commission (DPC), key data privacy regulator in the EU has started two inquiries on Facebook Inc after issues regarding the company’s handling of children's personal data on In...

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Cloudbet Announces the Integration of Pax Gold to its Platform
Date: 2020-10-19   Author: Pankaj Singh

Cloudbet, the leading crypto casino, and sportsbook, announced that it has integrated Pax Gold to its platform, allowing participants to bet online with gold for the first time in history. ...

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Nokia to Revamp its IT Infrastructure; Signs a 5 Year Deal with Google
Date: 2020-10-16   Author: Pankaj Singh

Finland's Nokia announced that it has signed a five-year agreement with Google to replace its IT infrastructure with Google's Cloud offering as the company seeks to cut costs. ...

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Hyundai reviews plans to expand voluntary recall of Kona Electric
Date: 2020-10-15   Author: Saipriya Iyer

Hyundai Motor Co. is reportedly reviewing plans to expand its Kona EV (electric vehicle) recall across the globe. The step has been taken by the automotive manufacturer following several reports of batteries catching f...

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Walmart & Flipkart invest in India’s supply chain platform, Ninjacart
Date: 2020-10-14   Author: Saipriya Iyer

Walmart and Flipkart, the e-Commerce giants, have reportedly announced an investment in Ninjacart, a tech-driven supply chain platform. Walmart is a multinational retail corporati...

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WA’s Coal-Fired Electricity Capacity to Phase Out in Five Years
Date: 2020-10-13   Author: Pankaj Singh

With rising reviewable energy, over half of the left coal-fired electricity capacity of Western Australia could phase out within 5 years. Bill Johnston, the Energy Minister will l...

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China launches Gaofen-13 on Long March 3B into geostationary orbit
Date: 2020-10-12   Author: Saipriya Iyer

China has recently launched Gaofen-13 into a geostationary orbit, onboard the country’s orbital launch vehicle, Long March 3B, from Xichang. Following an hour after the laun...

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India’s Future Group receives legal notice from retail company Amazon
Date: 2020-10-09   Author: Pankaj Singh

E-commerce conglomerate Amazon has reportedly sent a legal notice to one of the most prominent retail chain in India, Future Group, also the second-largest in the nation, on the grounds of breaching the terms of its co...

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India approves incentives to drive domestic smartphone production
Date: 2020-10-08   Author: Saipriya Iyer

The Indian government has recently announced the approval of incentives under a federal plan to significantly boost the production of smartphones in the country. Under this initia...

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Paytm Launches of its Mini-App Store to Support the Indian Developers
Date: 2020-10-07   Author: Pankaj Singh

Paytm, the digital payments enterprise launched his mini-app store to help India-based developers, in a direct contest to Google’s dominance in the space. The launch of the ...

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Google Postpones 30% In-App Commission for India to March 2022
Date: 2020-10-06   Author: Pankaj Singh

Google announced that it is postponing the deadline for India-based developers to integrate with its Play store billing system by 31st March 2022. The development occurred after v...

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LetsGetChecked-American Airlines unite to offer pre-flight COVID test
Date: 2020-10-05   Author: Saipriya Iyer

LetsGetChecked, an Irish at-home testing company, has reportedly selected American Airlines as a partner for its pre-flight COVID-19 testing program. The partnership has been entered to significantly help kickstart int...

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Epic Games Announces Acquisition of Kid Tech Platform SuperAwesome
Date: 2020-09-28   Author: Pankaj Singh

Epic Games announced that it has acquired SuperAwesome, a leader in the “child tech” market that provides age-appropriate advertising and safe digital experiences to kids. ...

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OYA Solar clinches financing worth $35 million from NY Bank
Date: 2020-09-25   Author: Saipriya Iyer

OYA Solar, a leading solar development company, has reportedly announced that it has closed a $35 million construction and interconnection funding from state-sponsored  financial entity and division of NYSERDA, NY...

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UK-based CloudMargin raises $15 million in series B capital round
Date: 2020-09-24   Author: Pankaj Singh

CloudMargin Limited, a developer of an easy-to-use collateral management platform for major firms, has reportedly raised USD 15 million in series B capital round led by Deutsche Börse. The funding round also marke...

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Fintech firm TrueLayer raises $25 million in Series C financing round
Date: 2020-09-23   Author: Saipriya Iyer

TrueLayer, a UK-based financial API provider, has recently raised a Series C financing round worth $25 million. The latest investment will take the total funding amount secured by the company to $72 million. ...

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Facebook claims its EU operations to be at risk due to inquest
Date: 2020-09-22   Author: Pankaj Singh

Facebook voiced to Ireland’s High Court that it is not sure how it could operate its services in the European Union if the supervisors restrict its data transfer mechanism. The EU regulator of Facebook, the Irish...

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The Chainsmokers closes Mantis with $35M in capital commitments
Date: 2020-09-18   Author: Saipriya Iyer

The Chainsmokers, an American electronic DJ & production duo consisting of Drew Taggart and Alex Pall, has reportedly closed Mantis, a debut venture fund, with $35 million. Th...

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GM explores options to develop flying cars & enter related markets
Date: 2020-09-17   Author: Saipriya Iyer

General Motors, an American vehicle manufacturer, is reportedly exploring options to enter the aerial taxi market via the development of ‘flying cars’. This is a part of the automaker’s strategy to dr...

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YouTube announces initial launch of YouTube Shorts in India
Date: 2020-09-16   Author: Saipriya Iyer

YouTube, a video-sharing company, has recently announced the launch of YouTube Shorts, a short-form video experience service. The new feature will initially be launched in India i...

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General Motors Announces Partnership with Nikola - Gets 11% Stakes
Date: 2020-09-15   Author: Pankaj Singh

General Motors and Nikola announced their partnership through which the former took a $2 billion stake in the electric truck startup. General Motors will support Nikola to produce its wild fuel cell pickup truck by 202...

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Reliance Industries raises $30Bn via stock sales to aid expansion plan
Date: 2020-09-14   Author: Saipriya Iyer

Reliance Industries Limited (RIL), a multinational conglomerate, has reportedly raised above $30 billion (?2.2 lakh crore) via stock sales. Reports suggest that the company is exp...

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KKR in Talks to Invest $1 Billion in the Reliance Retail Venture
Date: 2020-09-11   Author: Pankaj Singh

KKR & Co., an American investment company is in advance talks to invest around $1 billion in the Reliance Retail business. This deal would mark as another US investment in the enterprise after Silver Lake’s d...

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Apple’s Special Event, ‘Time Flies’ to be Conducted on September 15
Date: 2020-09-10   Author: Pankaj Singh

Apple Inc announced that it has scheduled a special event called ‘Time Flies’ on 15th September. Investors are fans are expecting an addition in the company’s core product portfolio. The company usual...

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Aetina rolls out new AN810-XNX edge AI computer leveraging capability
Date: 2020-09-09   Author: Pankaj Singh

Edge AI computing solutions provider, Aetina Corporation, has reportedly launched new NVIDIA Jetson Xavier NX computer leveraging capabilities called AN810-XNX edge AI. This edge AI computer offers several I/O slot alt...

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AB Science to Present Phase 2B/3 AB07002 Study Results in PPMS & nSPMS
Date: 2020-09-08   Author: Saipriya Iyer

AB Science SA, a France-based pharmaceutical company, announced that conceptual reporting results from its Phase 2B/3 AB07002 study in primary progressive multiple sclerosis (PPMS) and non-active secondary progressive ...

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MediaWorks inks deal to sell free-to-air TV business to Discovery
Date: 2020-09-07   Author: Saipriya Iyer

Broadcaster MediaWorks, a television, radio, & interactive media company, and Discovery Inc, a media giant, have reportedly reached a binding agreement. The agreement is related to the sale of the free-to-air TV bu...

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Verizon and Amazon likely to invest more than $4B in Vodafone Idea
Date: 2020-09-04   Author: Pankaj Singh

American wireless carrier, Verizon Communications, and Amazon.com are reportedly expected to make an investment of over $4 billion for a stake in the Indian telecom firm, Vodafone Idea Limited. The announcement has led to a 10 per cent surge in th...

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Dunzo to raise $28M funds from Lightstone, Google & other 5 investors
Date: 2020-09-03   Author: Saipriya Iyer

Dunzo, an Indian delivery service provider, is reportedly planning to raise nearly $28 million, as a part of its Series E funding round. As per reliable sources, the recent fundra...

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Reliance Retail enters $3.38Bn deal to acquire Future Group’s stores
Date: 2020-09-02   Author: Saipriya Iyer

Reliance Retail Ventures, a subsidiary of Reliance Industries, has reportedly announced the acquisition of above 1,700 stores owned and operated by a retail company, Future Group. The ?247.13 billion ($3.38 b...

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Neuralink tests next-generation chip via implantation in pig brain
Date: 2020-08-31   Author: Saipriya Iyer

Neuralink, a neurotechnology company, has reportedly announced a mission to develop the next-gen brain implants that connect machines to the human brain. The latest computer chip developed by the neurotechnology compan...

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Byju’s raises $122 million from Russian billionaire’s DST Global
Date: 2020-08-28   Author: Pankaj Singh

The global C0VID-19 pandemic has brought about a considerable increase in the demand for educational technology, leading to companies such as Byju’s, Class Plus, Toppr, Vedantu, and Unacademy effortlessly gaining...

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Luminar is Going Public Through a ‘Reverse Merger’ with SPAC
Date: 2020-08-27   Author: Pankaj Singh

Luminar, a manufacturer of LIDAR sensors and other parts necessary for autonomous driving technology, is the most recent transportation firm to go public through a ‘reverse merger’ with a special purpose acquisition company (SPAC)....

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SSI & FRB Team Up for a New Venture, Hemp Science Center of Excellence
Date: 2020-08-26   Author: Pankaj Singh

Shimadzu Scientific Instruments (SSI), a Japanese measuring instruments and medical equipment manufacturing company, and Front Range Biosciences (FRB), a biotechnology company, announced their partnership to form a new...

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Pulsar to develop new product lines with funding from HSBC UK
Date: 2020-08-24   Author: Saipriya Iyer

Pulsar, a personal protective equipment manufacturer, has reportedly secured a new funding from HSBC UK via Coronavirus Business Interruption Loan Scheme. This new funding will support the continuity of the company&rsq...

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Apple becomes 1st U.S. company to hit market cap of $2 trillion
Date: 2020-08-21   Author: Saipriya Iyer

Multinational technology giant, Apple, has recently hit a $2 trillion market capitalization, becoming the 1st publicly traded company in the U.S. to reach this milestone. The recent market cap is double in valuation in...

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