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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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USDA FSIS awards pathogen detection device usage contract to 3M
Date: 2018-08-08   Author: Shikha Sinha

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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GSK’s two-drug HIV treatment clears key clinical assessments
Date: 2018-07-26   Author: Shikha Sinha

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

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

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

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Ofgem proposes flexible charging to support electric cars revolution
Date: 2018-07-24   Author: Shikha Sinha

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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McDonald’s to expand its outlet portfolio with self-service kiosks
Date: 2018-06-06   Author: Shikha Sinha

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

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

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

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

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

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

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

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Siemens-Knikatnu tie-up to propose a micro LNG plant at Houston
Date: 2018-06-01   Author: Shikha Sinha

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

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Facebook to begin construction of data center at Eagle Mountain, Utah
Date: 2018-05-31   Author: Saipriya Iyer

Social media giant Facebook has apparently announced its decision to construct a data center facility spanning 970,000 square feet at Eagle Mountain in the state of Utah, United States. The new venture signifies USD 75...

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CWP & Partners Group to jointly build 1,300MW of renewable projects
Date: 2018-05-30   Author: Saipriya Iyer

CWP Renewables, an Australia-based renewable energy firm, has joined hands with Partners Group AG, a private equity firm on the construction of wind, battery, and solar projects with a total capacity of 1300MW. The ven...

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EU proposes changes to IP rules, legalizes generic drug production
Date: 2018-05-30   Author: Saipriya Iyer

The European Commission has decided to make amendments in its intellectual property legislations in order to encourage pharmaceutical firms to manufacture generic medicines. The drug production would be slated for the ...

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Toyota & Suzuki extend partnership to lead India automotive market
Date: 2018-05-28   Author: Saipriya Iyer

In what may seem to be a strategic move to retain dominance in India automotive industry, the Japanese automaker Toyota Motor Corporation has decided to further extend its business relationship with Suzuki in jointly m...

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Strata Oncology generates USD 26 million via Series B funding round
Date: 2018-05-27   Author: Saipriya Iyer

Strata Oncology, a Michigan headquartered precision medicine startup, has reportedly, in its series B round, closed the funding at nearly USD 26 million. If sources are to be believed, Pfizer Venture Investments & Merck Global Health Innovatio...

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Apple & Volkswagen join hands to manufacture self-driving vans
Date: 2018-05-26   Author: Shikha Sinha

Apple has apparently teamed up with the German automotive giant Volkswagen to manufacture self-driving vehicles that would ferry employees across its campuses. As per reliable sources, the latest collaboration would pr...

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Tesco Plc bans non-recyclable packaging for its own products
Date: 2018-05-25   Author: Saipriya Iyer

Tesco Plc, a UK based grocery & general merchandise retailer, has decided to impose a ban on all non-recyclable packaging on its own products. The decision is apparently aimed at reducing the proportion of plastic ...

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JetBlue-backed Zunum planning to bet big on hybrid-to-electric planes
Date: 2018-05-23   Author: Pankaj Singh

The United States based JetBlue Airways is reportedly lending support to a private hybrid plane manufacturing start-up called Zunum. As per reliable sources, Zunum is looking forward to launching fully electric planes ...

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Grab & Maybank team up to drive adoption of mobile wallets in Malaysia
Date: 2018-05-23   Author: Saipriya Iyer

Grab, the globally renowned Singapore headquartered ride-hailing firm, is reportedly planning to collaborate with Malayan Banking Bhd, the biggest bank in Malaysia. The partnership is targeted toward encouraging the ap...

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Sembcorp Marine & Shell Offshore ink a deal for Shell’s Vito FPU
Date: 2018-05-22   Author: Saipriya Iyer

Sembcorp Marine Limited, a division of Sembcorp Industries, has apparently entered into an agreement with Shell Offshore Inc., a crude oil & natural gas producer and a division of Royal Dutch Shell PLC. The deal ha...

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AGL remains stubborn on Liddell closure, rejects Alinta’s purchase bid
Date: 2018-05-21   Author: Saipriya Iyer

AGL Energy Limited, a public listed firm in Australia involved in both the production & retailing of electricity & gas, has apparently rejected Alinta Energy’s USD 250 million bid for the Liddell power st...

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China scraps anti-subsidy probe to resolve trade dispute with U.S.
Date: 2018-05-20   Author: Saipriya Iyer

China has reportedly done away with its anti-dumping and anti-subsidy investigation against the sorghum imports from the U.S., with an intention to resolve its trade conflicts with the U.S. According to the Ministry of...

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Brisbane City Council votes to ban single-use bottles & plastic straws
Date: 2018-05-19   Author: Saipriya Iyer

The Brisbane City Council, one of Australia’s largest metropolitan jurisdictions, has apparently announced to become the most environment friendly council after it pledged to ban single-use plastic bottles, heliu...

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Santos’s Board support for Harbour’s bid treading on uncertain waters
Date: 2018-05-18   Author: Saipriya Iyer

Harbour Energy, a U.S. based energy investment firm, is still doubtful over its plans to acquire Santos, a leading oil & gas producer, for nearly USD 13.7 billion. Sources cite that after nearly a month of diligenc...

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Total requests for sanction waiver to continue with South Pars project
Date: 2018-05-18   Author: Saipriya Iyer

Total S.A., a France-based Oil & Gas firm, has threatened to withdraw from the proposed natural gas venture in Iran if the U.S. President persists with his decision of not waiving off the secondary sanctions on int...

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Apple sues Samsung for $1 bn over smartphone design patent violation
Date: 2018-05-17   Author: Saipriya Iyer

In what may seem to be one of the most iconic litigation issues witnessed across the tech industry, Apple Inc. is demanding damages worth USD 1 billion from Samsung on the grounds of its smartphone copyright infringeme...

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Japan car parts maker Yazaki hit with $46mn penalty for cartel conduct
Date: 2018-05-16   Author: Shikha Sinha

Yazaki Corporation, a Japanese car parts manufacturer, has reportedly been fined with a record penalty of around USD 46 million for anti-competitive cartel conduct by Australia’s Federal Court. As per reliable so...

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Xerox kills deal with Fujifilm, inks new agreement with Icahn & Deason
Date: 2018-05-14   Author: Saipriya Iyer

Xerox, the iconic American global photocopier corporation, has made it clear in its most recent official statement, that it would terminate its iconic 6.1-billion-dollar deal with the Japanese company Fujifilm. Instead...

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Walmart to terminate grocery delivery alliances with Lyft & Uber
Date: 2018-05-14   Author: Shikha Sinha

Walmart, the foremost retail corporation based in U.S., has apparently announced that it plans to very soon end its grocery delivery experiment with ride hailing moguls Lyft and Uber. As per reliable sources, the groce...

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Cadent moves ahead to create UK’s first large-scale hydrogen network
Date: 2018-05-13   Author: Shikha Sinha

Gas distribution giant Cadent has recently announced that it will be investing over £900 million in developing UK’s first-of-its-kind large scale hydrogen network in the North West of England. Reportedly, t...

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Canon on its way to acquire the Israeli video analysis firm BriefCam
Date: 2018-05-11   Author: Pankaj Singh

Canon Inc. has reportedly announced that it has been planning to purchase the Israel-based video analysis company BriefCam Ltd. As per experts familiar with the matter, this acquisition falls among the latest trend of ...

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Vodafone buys broadband & cable assets of Liberty Global for EUR 18bn
Date: 2018-05-11   Author: Shikha Sinha

In a bid to transform its services portfolio, the British telecommunications behemoth Vodafone has apparently inked an agreement worth EUR 18.4 billion to acquire the broadband and cable TV businesses of Liberty Global...

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ISA and TAU Ventures to launch Xcelerator for emerging startups
Date: 2018-05-10   Author: Shikha Sinha

The Israel Security Authority (ISA), also popularly known as Shin Bet in Hebrew, in partnership with the venture capital fund TAU Ventures, has recently announced that they will be launching a startup accelerator progr...

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Sears offers tire installation services for orders from Amazon brands
Date: 2018-05-10   Author: Saipriya Iyer

Renowned integrated retailer, Sears Holdings has recently made it to the headlines with the news of its renewed partnership with Amazon. As per authentic sources, through this collaboration, Sears Auto Centers would be...

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Quebecor to repurchase its stake in Caisse for USD 1.69 billion
Date: 2018-05-09   Author: Shikha Sinha

Quebecor Inc., a communications company, has recently announced that it has entered into a definitive agreement with Quebecor Media Inc. to gain control of the Caisse de dépôt et placement du Québec...

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Walmart to alter opioid prescription policies at its pharmacies
Date: 2018-05-08   Author: Shikha Sinha

In a bid to curb opioid misuse and abuse, Walmart Inc., has announced that it will only fill first-time opioid prescriptions for acute pain to seven days or even less across the United States. Reportedly, the initiativ...

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AstraZeneca inks a $538 million sales rights contract with Luye Pharma
Date: 2018-05-08   Author: Shikha Sinha

The Anglo-Swedish pharmaceutical major AstraZeneca has apparently announced to have sold the rights for Seroquel and Seroquel XR treatments, to Luye Pharma for an approximate $538 million. As per reports, the deal is i...

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KEPPEL to raise over S$300 mn for the purchase of Jurong’s data center
Date: 2018-05-07   Author: Saipriya Iyer

KEPPEL DC Reit, a real estate investment trust firm based in Singapore, has declared that it is planning to raise funds worth S$303.10 million through a private placement for acquiring a new data center. The firm may p...

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UBTECH Robotics receives USD 820 million through Series C funding
Date: 2018-05-07   Author: Saipriya Iyer

UBTECH Robotics Inc., a China based manufacturer of intelligent robotic systems, has declared the closure of the Series C funding round, which was estimated at USD 820 million. Reportedly, the fund-raising round was le...

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DHL deploys second Boeing 747-400F airfreight to meet Asian demand
Date: 2018-05-04   Author: Pankaj Singh

DHL Global Forwarding, a reputed provider of air and ocean freight forwarding services, announced that it will be expanding its air freighter operation to meet the growing demand in the Asian as well as Trans-Pacific t...

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Ellgia inks an agreement with Ferrybridge to create energy from waste
Date: 2018-05-01   Author: Shikha Sinha

The UK based waste and recycling management firm, Ellgia Limited has apparently announced to have secured a contract to supply refuse derived fuel (RDF) to Ferrybridge Multifuel Energy Limited (FM1). As per reliable so...

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Prologis signs billion-dollar pact to buy DCT Industrial Trust
Date: 2018-04-30   Author: Saipriya Iyer

Prologis Incorporation, a world leader across the logistics real estate sector, has proclaimed that it plans to buy DCT Industrial Trust Inc., a real estate major based in the U.S. The deal has been valued at USD 8.4 b...

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SIA to launch nonstop 19-hour flight from Singapore to New York
Date: 2018-04-29   Author: Shikha Sinha

Singapore Airlines (SIA) in its recent announcement has unveiled that it will soon be picking up its new ultra-long-range aircraft in Q3 2018, to launch a non-stop flight to New York that will commence by the end of th...

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Tencent decides to launch its first Asean data center in Cyberjaya
Date: 2018-04-28   Author: Saipriya Iyer

Tencent Holdings Limited, a China based investment holding firm, and Tourism Malaysia are planning to jointly set up a data center in Cyberjaya, Malaysia. Sources claim that the strategic move is a part of the Smart To...

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Ohmio Automotion signs 150 autonomous shuttle deal with SolaSeaDo
Date: 2018-04-26   Author: Saipriya Iyer

In what may be remarkably touted as one of the biggest transactions in the autonomous space, Ohmio Automotion, a New Zealand based automobile manufacturer, has signed a deal with SolaSeaDo. The Kiwi company has entered...

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Go-Jek & ComfortDelGro to discuss ways for a potential partnership
Date: 2018-04-25   Author: Saipriya Iyer

Go-Jek, a ride-hailing app provider based in Indonesia, is apparently trying to enter into a joint venture with ComfortDelGro Corp., a Singapore based land transport firm. Earlier, ComfortDelGro Corporation had signed ...

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