About Author : Pranali Mehta

Pranali Mehta

Pranali Mehta boasts of over three years of experience as a content writer. Having completed her graduation in chemical engineering, she worked as safety & environment associate in a chemical company for a year. Harnessing her passion for writing however, Pranali decided to pursue content development as a full-time career and has written several diverse articles. Her other interests include reading, binge-watching movies & web series, gardening and home décor.



Contribution by Pranali Mehta

RedBrick AI backed by Sequoia India & Surge in $4.6 million funding

RedBrick AI, the health-tech startup has reportedly raised $4.6 million in a funding round, which was led by Sequoia India and Southeast Asia’s Surge. According to reports, this fund will be used to expand the market for RedBrick’s medica...

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UK increases borrowing as energy support starts and economy declines

The UK has reportedly increased its borrowings as government assistance with energy costs and the effects of a weak economy led to an increase in the UK public debt last month to the fourth highest level for an October on record. Office for Nation...

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China signs one of its biggest, longest LNG deals ever with Qatar

China inked a historic agreement worth US$ 60 billion to buy liquified natural gas (LNG) from Qatar as the largest economy in the world seeks to boost its energy security efforts for decades. Qatar Energy will supply Sinopec around 4 million tonne...

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Airly to use a network of inexpensive sensors to combat air pollution

Airly, a clean-tech firm, reportedly seeks to assist communities all over the world improve their air quality, by using inexpensive sensors and software that provide useful information. The London and Krakow-based firm recently revealed&nbs...

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Zoom unveils new tools for contemporary work experience in hybrid era

Zoom, a platform for video conferences, has reportedly unveiled new capabilities to support contemporary work environments in the hybrid era. As per reports, Zoom revealed four new platform features at its annual event. These features include Spot...

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Pyypl fuels growth plans with $20 Mn investment from series B funding

Pyypl, a financial services platform that focuses on the Middle East and Africa (MEA) region and a Hub71 company, has closed its target funding of $20 million in the Series B investment round led by a variety of global and 10 current investors. Ac...

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Cloudflare aims for $5 billion in 5 years, reaches $1 billion run rate

Cloudflare, the internet infrastructure and security firm, reportedly released its profits this week, marking a significant accomplishment. The corporation is operating at a run rate of over $1 billion for the first time with close to $254 million in...

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Musk to charge $8 a month for Twitter blue tick verified accounts

Elon Musk, the American business magnate and Tesla boss has reportedly announced to charge a monthly fee of $8 from Twitter users who want a blue tick by their username that indicates a verified account. Musk stated that it was necessary to elimin...

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British Petroleum’s huge profits raise calls for a higher windfall tax

British Petroleum, the UK-based oil company, has reportedly posted a huge profit in the third quarter of this year because of the skyrocketing oil and gas prices worsened by the Russia and Ukraine war, which has increased the demand for a higher wind...

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Australia’s renewable energy contribution to main grid hits 68.7% high

The production of renewable energy reportedly set a new milestone on Friday, briefly providing over two-thirds of the power in the main grid of Australia. The Australian Energy Market Operator (Aemo) reported that the milestone was reached at 12:3...

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Amazon suffers steep loss in Q3 2022 due to high inflation post-covid

Amazon, the renowned American e-commerce giant, has reportedly experienced significant year-over-year revenue declines as post-pandemic shopping patterns and inflation caught the firm off guard. As per Amazon's Q3 2022 financial report release...

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Global CO2 emissions to peak in 2025 marking a historic turning point

Global carbon dioxide emission from energy will hit a record high in 2025 as a result of dramatically increased government investment in clean fuels propelled by Russia's invasion of Ukraine. In its annual report on global energy, the Internat...

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UK: Rising energy costs force poor households on to prepayment meters

Cash-strapped British households that are not able to pay their monthly energy bills are reportedly shifting to prepayment meters in large numbers, with 10,000 to be installed each month in this upcoming winter as the rising cost of living ...

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Oil price rises as markets ignore the US plans to curb energy prices

Oil prices reportedly continued to surge as the market ignored US President Joe Biden's proposals to curb soaring energy costs that have fueled inflation. After increasing 3% on Wednesday, West Texas Intermediate crude oil for December was tra...

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Oil prices bounce back after hopes of better fuel demand in China

Oil prices reportedly surged after China extended liquidity measures to aid its pandemic-ravaged economy, raising expectations for a stronger future for fuel demand from the largest crude importer in the world. After falling 6.4% the previous week...

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UK: Royal Mail workers begin their 1st day of strike over pay dispute

Royal Mail, the UK-based postal services company, has reportedly begun the first of nineteen strikes in a dispute over wages and conditions. On Thursday, beginning at 4:00 BST, 115,000 members of the Communication Workers Union (CWU) in the UK wil...

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Chipmaker Intel’s plans to cut thousands of jobs puts Ireland on alert

Intel, the renowned US-based semiconductor company, has reportedly announced plans to cut thousands of jobs to handle the weakening PC market and reduce costs, as per sources. The firm intends to make the change at the same time as its third-quart...

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GM launches GM Energy to connect homes and businesses with EV chargers

General Motors, the renowned American automotive company, is reportedly launching a new business venture to provide electric vehicle chargers, solar panels, stationary battery packs, as well as other energy-management equipment for businesses and hom...

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Asian chipmakers’ share drops after the US imposes new curbs on China

Shares of key Asian computer chipmakers have reportedly plummeted as the United States announced new restrictions regarding technology sales to China. According to the US, American companies will not be allowed to sell specific chips used in super...

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Samsung’s earnings to slump by 32% as demand for memory chips shrinks

Samsung Electronics, the leading South Korean technology company, has reportedly warned that the global economic slowdown will result in a 32% decline in company profits as demand for electronic devices as well as memory chips declines. The South ...

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Australian Telstra suffers data breach two weeks after Optus attack

Telstra, the largest telecoms company based in Australia, has reportedly suffered a small data breach, an announcement that comes almost two weeks after the major rival Optus got hit by a huge cyber-attack. The country's biggest telecom servic...

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Amsterdam’s Talk360 raises extended funds, bringing the total to $7M

Talk360, the Amsterdam-based international calling app, has reportedly secured another $3 million in a seed round, apart from the $4 million seed capital obtained by the firm in May 2022, bringing the overall seed investment secured by the organizati...

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S. Korea: Govt plans to hike energy rates may impact local businesses

Local businesses are reportedly expected to face worse business conditions in the upcoming months, driven by the government's intention to raise industrial electricity rates, inflation, severe devaluation of the won against the dollar, and quick ...

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SoftBank’s Vision Fund to lay off 30% of staff, about 150 employees

The Vision Fund, the venture capital division of the Japanese multinational conglomerate SoftBank, has reportedly launched a layoff process where it is planning to cut approximately 30% of its global workforce or around 150 of the total 500 people. ...

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Denmark warns as Russia’s Nord Stream 2 pipeline leaks into Baltic Sea

The controversial Russian gas pipeline Nord Stream 2 has reportedly started leaking into the Baltic Sea, jeopardizing marine traffic, Denmark has issued a warning. It established a prohibited area within 5 nautical miles or 9 km of the pipeline, c...

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S. Korea inflation to stay in 5-6% range amid high food, energy prices

Consumer inflation in South Korea will reportedly remain in the 5-6% range for some time due to high food and energy prices, as well as the local currency's severe depreciation versus the US dollar, according to the nation's central bank chie...

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UK’s hopes on Hydrogen-based energy can cost 70% more than gas

British ministers’ plans to put energy expectations on hydrogen can reportedly double the cost of heating a home compared to natural gas by the end of the decade, as per research. The top energy analyst Cornwall Insight claims that using hyd...

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Britain’s poor may pay half of their disposable income on energy bills

Britain's poorest families are reportedly at risk of paying over half of their disposable income on electricity and gas bills this winter, despite the administration's guarantee on energy price, as per a report. Even with the assistance fr...

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US senator Manchin issues energy bill to speed up federal power projects

US senator Joe Manchin has reportedly issued an energy permitting bill to accelerate the clean energy and fossil fuel projects. The bill is anticipated to be part of a resolution that Congress must approve before October 1st to temporarily finance...

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Britain to cut energy price for businesses by half expected level

The British government has reportedly planned to introduce a limit on wholesale energy bills for companies. As per reports, wholesale energy rates for all businesses will be capped for approximately six months starting on October 1 as part of the ...

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NASA to fuel Artemis-1 moon rocket to check for leaks ahead of launch

The American space agency, NASA, will reportedly undertake a tanking operation this week to check for any more leaks and repairs in its rockets, a week before launching the Artemis-1 rocket to the moon. Under this tanking operation, NASA will load...

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South Korea fines Google and Meta $72M for violating privacy law

The South Korean government has reportedly fined American tech giants, Meta and Google a total of ₩100 billion ($72 million) for unlawful use and collection of personal information for personalized advertisements. Following a plenary meeti...

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Google faces suits over digital ad practices, may pay €25bn in damages

Google, the prominent American tech giant, has been reportedly charged with two legal proceedings that could result in the tech firm paying over €25 billion ($24.9 billion) in damages for its digital ad practices. The corporation is sued for ...

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The UK urged to insulate homes to avoid worse energy crisis in 2023

Britain’s ministers have reportedly been warned that the UK may sink into a severe energy crisis within a year if immediate actions are not taken to fix leaky homes and the demand for gas is significantly lowered. As per the latest research,...

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NSW to become the first Australian state to treat CO2 as a pollutant

New South Wales will reportedly become the first Australian state to treat carbon dioxide and other greenhouse gases as pollutants, which will ultimately force polluters to devise strategies to reduce emissions. The NSW Environment Protection Auth...

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Google Play starts pilot to allow fantasy sports, rummy apps in India

Google, the US-based technology company, has reportedly planned to undertake a pilot test to enable daily fantasy sports applications and rummy games on the Play Store in India. The decision comes in response to a request from the Indian community...

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British phone maker Bullitt to beat Musk & Apple with satellite phones

Bullitt, a British smartphone maker, reportedly intends to beat Tesla CEO Elon Musk and the American tech giant Apple with its latest satellite-connected device. According to sources, the Bullitt phone can connect automatically to one of two inter...

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Heatwave in North America could beat global September temperature record

Western regions across North America are still experiencing a severe heatwave that could reportedly surpass the record for the highest September temperature, which was 52.2C (126F) at Mecca, California, in 1950. A searing 51.3C (124.4F) was record...

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MLS Real Estate Technology launches in the Egyptian real estate market

A first-of-its-kind, MLS Real Estate Technology was reportedly introduced in the Egyptian real estate market. With the aim of achieving two billion pounds from sales in the first year, the company emphasizes delivering real estate services to serve r...

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New Expro tech to cut about 150 tons of CO2 emissions from rigs annually

Energy services business, Expro is spearheading industry efforts to meet environmental regulations with the introduction of a digital system that may help drilling vendors and operators to cut an estimated 146 tons of CO2 emissions annually. While...

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European Union to impose a ban on tourist visas for Russian nationals

Foreign ministers in the EU are reportedly planning to approve a ban on a 2007 visa facilitation agreement inked with Russia on account of the Ukraine war. As per reports, foreign ministers are expected to give political backing to the ban during ...

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Farmland Partner announces expansion of its renewable energy portfolio

Publicly traded real estate investment trust (REIT), Farmland Partners Inc. has recently received a notice entailing plans of a renewable energy tenant to commence new solar power project construction in Clark County, Illinois, by the end of the mont...

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China resumes entry of international students after two years

China which once was the epicenter of COVID-19 is reportedly opening its borders for international students after a span of two years, with lifting restrictions on their entry enforced after the COVID-19 outbreak. According to a statement made by ...

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TraceSafe allies with Solutions by STC to offer smart solutions in KSA

TraceSafe Inc., a Canada-based technology firm specializing in location-aware Internet of Things (IoT) platforms, has reportedly entered into a partnership with ‘Solutions by STC’, a leading IT service management company based in Saudi Ar...

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Iberdrola seeks to build environmentally friendly offshore wind farms

Iberdrola, a Spanish multinational electric utility company, has recently stated that it plans to develop offshore wind farms that will respect nature entirely and enhance the diversity of life in the oceans. To achieve this, the firm has rolled o...

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LevelTen Energy unveils new data platform ‘LevelTen MarketPulse’

LevelTen Energy, a provider of transaction infrastructure for buyers, sellers, advisors, and financiers in the renewable energy economy, has recently introduced a new cloud-based software - LevelTen MarketPulse. According to a press release, Marke...

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BPCL to invest $17.6B to expand petrochemicals, gas biz in 5 years

Bharat Petroleum Corporation Ltd. (BPCL), one of the leading oil and gas companies in India, is reportedly planning to invest around $17.6 billion (Rs 1.4 lakh crore) in clean energy, petrochemicals, and city gas over the coming five years as it aims...

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Five Banks adopt Russia’s Mir payments system, says Turkish president

Türkiye president Recep Tayyip Erdogan recently had a meeting with Russia’s Vladimir Putin in Sochi earlier this week wherein he announced that five Turkish banks had adopted Mir (Russia's payment system). According to credible sour...

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Adipec unveils Decarbonization Zone to discuss low-carbon technologies

Adipec, the world's most prominent gathering for energy industry experts, is reportedly introducing a new Decarbonization Zone this year. This new addition signifies the energy industry's rising need for decarbonization strategies. Accordi...

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Uber Technologies to exit Zomato by putting entire 7.8% stake on block

American mobility as a service provider, Uber Technologies, Inc. is likely to sell its 7.8% stake in the online food ordering app, Zomato, via a block deal. Earlier in 2020, the ride-hailing behemoth procured this stake when Zomato obtained Uber E...

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Zomato to work under multiple CEO structure says founder Deepinder Goyal

Indian restaurant aggregator and food delivery company, Zomato is looking to work under a multiple- CEO structure as hinted by its Founder and CEO, Deepinder Goyal. This approach comes following the firm’s successful acquisition of Blinkit, a g...

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Bose partners with Lexie Hearing to make hearing aids more accessible

Bose Corporation, an American manufacturing company, and Lexie Hearing, a well-recognized game-changer in the U.S. hearing aid market, have recently announced that they have entered a partnership for bringing Bose's self-fitting hearing aid techn...

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DoE’s NETL to build centers to develop critical mineral supply chain

National Energy Technology Laboratory (NETL), a U.S-based national laboratory under the Department of Energy (DoE) Office of Fossil Energy, is reportedly leading the charge for developing the CM (critical mineral) supply chain of the nation. Accor...

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Crypto exchange KuCoin raises $10M in a SIG-led Series B funding round

KuCoin, a cryptocurrency exchange platform, has recently secured $10 million in a strategic investment from SIG, a recognized quantitative trading fund. The company has also surpassed 20 million registered users and holds around 700 coins listed on i...

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US automaker Cruise maps Dubai streets for robotaxi launch in 2023

Cruise, an American self-driving car company, is reportedly moving ahead with its vision of unveiling an autonomous driving service in Dubai. The news comes amid the automaker’s official launch of its commercial self-driving operations in San F...

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India to decarbonize public transport with $10Bn e-bus tender

Convergence Energy Services Limited (CESL), a subsidiary of India’s Energy Efficiency Services Limited, is planning a $10 billion (Rs 80,000 crore) contract to purchase 50,000 electric buses which will support the country’s efforts to dec...

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Primark partners with Recover to unveil RColorBlend fibre globally

Primark, an Irish multinational fast fashion retailer, is reportedly expanding its collaboration with Recover™, a leading material sciences company. With this partnership, Primark will become the first ever high-street retailers to use the uniq...

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Astrogate Labs to raise $4Mn seed funding to expand in space-tech

Astrogate Labs, a space-tech startup based in Bengaluru, is currently planning to raise funding of around $3.5-$4 million. As per credible reports, the firm had raised pre-seed funding of $750,000 in 2020 in a round that involved SuprValue.VC, Anicut...

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Azelis acquires Chemical Solutions Sdn Bhd to expand across APAC

Azelis, a leading innovation service provider headquartered in Antwerp, Belgium has reportedly announced the signing of an agreement to acquire 100% shares of Chemical Solutions Sdn Bhd, also known as ‘ChemSol’. ChemSol is one of the l...

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RITES & CRIS sign MoU to explore tech opportunities in rail sector

The Rail India Technical and Economic Service Ltd. (RITES) has recently stated that it has inked an MoU (memorandum of understanding) with CRIS (Centre for Railway Information Systems) to discover the information technology-based prospects in the rai...

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ConsCent secures $1.75 million to expand its AI & ML capabilities

ConsCent, one of the leading content monetization platforms, has recently secured $1.75 million (Rs 14 crore) in a funding round headed by Inflection Point Ventures with participation from early-stage funds including Varanium Capital, PitchRight Vent...

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German automaker Mercedes-Benz records double-digit growth in India

German luxury and commercial automotive brand, Mercedes-Benz has announced that its Indian Branch has recorded its highest second-quarter sales with strong double-digit growth in the country. As per credible sources, the growth in sales is attribu...

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Emerge inks deal with Miral to offer solar energy solutions in Abu Dhabi

Emerge, a JV between France’s EDF and UAE’s Masdar, has recently signed a deal with Miral, a real estate development, management, and investment company, for installing solar energy systems at the theme park dubbed ‘SeaWorld Abu Dha...

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Austria firm Voestalpine to run Abbassiya workshop for railway switches

Austrian steel-based technology and capital goods group, Voestalpine signed a contract with the Egyptian National Railways, the national railway of Egypt managed by the parastatal Egyptian Railway Authority, for operating and managing the worksh...

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WhatsApp to soon allow iOS users to hide online status from everyone

WhatsApp, the meta-owned messaging and video calling app, is reportedly working on a feature that will offer iOS users the ability to hide their online status from everyone. As per credible source, the feature is expected to come in its update as it ...

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Petrofac collabs with Hitachi over offshore joint grid integration

Petrofac, an international energy services company, and Hitachi Energy have recently collaborated to provide a joint grid integration and linked infrastructure for supporting the fast-growing offshore wind market. As per sources, this collaboratio...

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Medical Crowdfunding Platform Market Size, Share to Witness Notable Hike Over 2022-2028

The latest report on ' Medical Crowdfunding Platform market' Added by Market Study Report provides a concise analysis of the industry size, revenue forecast and regional spectrum of this business. The report further illustrates the major challenges a...

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Street Lighting Control System Market Size, Share to Generate Lucrative Revenues By 2028

The research report on Street Lighting Control System market Added by Market Study Report proposes a comprehensive study on the recent industry trends. In addition, the report presents a detailed abstract of the growth statistics, revenue estimation,...

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Fiber Optic OTDR Machines Market Size, Share to Generate Lucrative Revenues By 2028

An analysis of Fiber Optic OTDR Machines market has been provided in the latest report available at MarketStudyReport.com, that primarily focuses on the market trends, demand spectrum, and future prospects of this industry over the forecast period. F...

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Air Medical Rescue Market Size, Share to Witness Remunerative Growth Trend Through 2028

The Air Medical Rescue market research added by Market Study Report presents a detailed analysis of the influential trends prevailing in this business sphere. This research report also offers definitive information concerning the commercialization of...

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Cellular Telephones Market Size, Share to Witness Stellar Growth Over 2022-2028

Market Study Report, presents an extensive report on Cellular Telephones market that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical ...

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Thermoluminescent Dosimeter (TLD) Services Market Size, Share to Progress Rapidly Through 2028

Market Study Report, adds a new report on Thermoluminescent Dosimeter (TLD) Services Market Share for 2021-2026. This report provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry. The report al...

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EU energy ministers to hold a meeting in Luxembourg to curb gas demand

The European Council has also adopted a gas storage regulation aimed at lessening the energy crunch Energy ministers in the European Union (EU) are planning to assemble in Luxembourg to discuss a joint effort to reduce gas demand and get read...

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IEA predicts clean energy investment to exceed $1.4Trn in 2022

According to a recent report published by IEA (International Energy Agency), energy investment worldwide is set to jump around 8% in 2022 and reach $2.4 trillion, with a recorded increase in coal supply chains. However, much more money will be nee...

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Twitter to launch a new edit feature, but only for select users

The feature will inform users about the offensive language used in a tweet and then suggest editing the tweet before it gets posted online Microblogging and social networking platform, Twitter is reportedly rolling out a new edit button that users...

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Amazon Robotics to invest in Georgia Tech’s ATDC over 3 years

Amazon Robotics, a manufacturer of mobile robotic fulfillment systems, has recently announced that will be offering substantial funding to the Georgia Institute of Technology’s ATDC (Advanced Technology Development Center) over the next three y...

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WTO holds meeting to discuss global vaccine and food shortages

The World Trade Organization (WTO) has recently opened the highest-level discussion in four and a half years to discuss issues like food insecurity, pandemic preparedness and overfishing of the world's seas as its agenda. Ngozi Okonjo-Iweala, ...

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Ubisoft cuts carbon footprint by 14%, cites pandemic as the key reason

The company says that lower marketing costs and pandemics are the main reasons for carbon reduction but terms them as unique circumstances It aims to lower emissions in the coming years, targeting a decrease of 10.8% per employee by the year 202...

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Chinese EV makers to buy overseas lithium mines to curb battery prices

The electric vehicle industry players in China, like BYD, are looking to secure deals with overseas lithium mines in view of limiting rising prices of batteries while appending to the stable supply of EVs, for which China is said to be the major prod...

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DuPont unveils a new biopharma tubing site in South Carolina

US-based chemical giant, DuPont has recently announced the inauguration of its DuPont Liveo Healthcare manufacturing plant in Cooper River, South Carolina which will follow the same standards of quality as its Healthcare Industries Materials biopharm...

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Thailand, Vietnam amid plans to increase rice prices and farmer income

Thailand and Vietnam, two of the world's top rice exporters, are in conversation to increase rice prices together, said Thailand's government spokesperson Thanakorn Wangboonkongchana. Thanakorn said that both the countries are looking forw...

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Shanghai to lift business restrictions for boosting economic growth

City officials have also announced an action plan for aiding businesses and boosting consumption Easing a city-wide lockdown that started some two months ago, authorities in Shanghai are reportedly planning to cancel many of the restrictions impos...

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Edtech firm Jovian bags $1.5M to expand its team of data science experts

Jovian, a Bengaluru-based e-learning platform for data science and ML, has recently raised $1.5 million in the seed funding round to expand its talent of data science experts to improve its curriculum and offer personal mentorship to its growing stud...

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Broadcom delivers automotive Ethernet switch with the highest bandwidth

Broadcom Inc., a global technology leader specializing in semiconductor and infrastructure software products, has recently announced that it has successfully supplied BCM8958X, the highest bandwidth automotive Ethernet switch device designated to add...

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Square partners with VROMO to help restaurants strengthen delivery ops

VROMO, a delivery management software solution provider that works in the restaurant sector, is reportedly collaborating with Square, a financial services and digital payments company, to allow more businesses to use its delivery and third-party...

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KKR to acquire renewable energy firm ContourGlobal for £1.75Bn

ContourGlobal, a British power generation firm, has recently accepted a private equity takeover at a time when the demand for greener energy is increasing due to market turmoil caused by the Ukraine conflict. According to sources, the company has ...

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Tata Power obtains a huge solar project from NHPC worth $223Mn

Tata Power, an electric utility firm based in India, has recently obtained a solar project worth Rs 1,731 crore ($223 million) from NHPC (National Hydroelectric Power Corporation). According to sources close to the move, the wholly-owned division ...

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Tamkeen enters strategic partnership with Bank of Bahrain & Kuwait

Bahrain-based government agency, Tamkeen has recently inked a new strategic partnership agreement with the Bank of Bahrain and Kuwait (BBK) in a row with novel support programs. Incidentally, the agreement is an addition to the partnership agreeme...

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Salesforce inks deal to take over Troops.ai to launch Slack bots

Salesforce, an American cloud-based software company focused on sales, has recently informed that it will acquire bot-based service Troops.ai to incorporate with Slack and make it easier for sales department to update and retrieve data across Salesfo...

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China’s LONGi Solar ships 7GW of high-efficiency solar panels to India

The company has shipped around 38.5GW of mono-crystalline solar panels globally in 2021 LONGi Solar, one of the leading solar technology firms based in China, has recently announced that it has shipped around 7GW of high-efficacy solar panels in I...

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Spotify announces the official launch of Spotify Island on Roblox

Audio streaming platform, Spotify has announced that it is the first music streaming company to have an official presence on Roblox, a game creation platform. According to sources, Spotify Island is introduced to the gaming platform where players can...

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Zepto nabs $200 Million funding, reaches valuation of $900 Million

The quick commerce platform has witnessed nearly 60% growth in valuation from $570 million last year to $900 million post latest influx Mumbai-based instant grocery delivery startup, Zepto has secured $200 million in a fresh funding round led by ...

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FLASH announces acquisition of parking technology provider Ticketech

Cloud-based parking management platform, FLASH has reportedly acquired Ticketech, a company based in New York City that offers data-driven parking management solutions. Although the terms of the deal were not revealed, the two firms valued New Yor...

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Fathom nabs funding to improve medical coding automation platform

Fathom, one of the leaders in AI medical coding automation, has announced that it has obtained strategic investment from Inflect Health, the innovation hub of Vituity, one of the largest groups in the United States which recognize early-stage he...

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Automakers ramp up sustainable initiatives to reduce GHG emissions

Automotive industry players across the globe are aggressively scaling up initiatives to boost renewable energy adoption while encouraging suppliers to curb emissions and reduce carbon footprint of the sector. Automakers are leveraging large manufact...

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ONGC forays into gas exploration space with MPD drilling technology

Managed Pressure Drilling (MPD) will help ONGC overcome challenges associated with conventional drilling in Tripura The company aims for gas exploration across diverse geographical formation areas with MPD It provides nearly 4.5 million cubic met...

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Lucid Motors unveils new Performance version of its flagship Air sedan

The new Air Grand Touring Performance will offer additional horsepower of more than 200hp and is 0.4 seconds faster than standard Grand Touring American EV maker Lucid Motors has reportedly announced a new Performance version for its Air Grand Touri...

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ExxonMobil rethinks film design with Exceed™ S Performance Polyethylene

The new PE platform aims to decrease complexities associated with film formulations American oil & gas giant ExxonMobil has reportedly launched the new Exceed™ S performance polyethylene (PE) resins capable of providing industry-leading co...

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Home Credit India & Pine Labs to solidify omni-channel retail network

The partnership aims at increasing access for HCI customers with an integrated offering via Pine Labs Point of Sales (PoS) Home Credit India (HCI) has teamed up with Pine Labs, a leading merchant commerce platform, for making the former’s Ujjw...

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Del Monte Foods aims to meet net-zero emissions goals by 2050

Del Monte Foods, a North American food production and distribution company, has recently announced its goal to achieve net-zero emissions by 2050, in accordance with the SBTi’s (Science Based Targets Initiative) Net-Zero Standard. For achievin...

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BHP inks power purchase deal to cut emissions from nickel processing

BHP, an Australian multinational mining, metals, and petroleum public company, has recently announced that it has bought the complete output of wind farm in WA’s South-West farmlands for cutting emissions from nickel processing. According to s...

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Russia-Ukraine conflict causes oil prices to sink near $100

Oil prices are reportedly trading near $100 at a time when there is an ongoing supply deficit caused due to the Russia-Ukraine conflict which is weighing against consumer efforts to tame oil prices. In addition to this, the coronavirus has resurface...

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Australian utility to use Tesla’s Megapack for clean energy projects

CS Energy, a Queensland energy company, has announced that it has elected Tesla’s Megapack for running a 100 MW/200 MWh energy storage project. Australia has been established as a well-recognized market for Tesla’s energy storage busines...

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Tesla EV models sold out in the U.S. until 2023 despite higher prices

Tesla’s electric car models, notably the Model Y, seems to be sold out for the rest of 2022 with considerable backlog orders, even after the electric car company raised product cost. Sold at a higher cost of $63,000 in the current market, the ...

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India to initiate fleet mode projects for nuclear power plants in 2023

India operates a total of 22 nuclear reactors with an overall capacity of 6,780 MW in operation Starting with the construction of an atomic power plant of 700MW in capacity in Karnataka set to commence activities in 2023, India is setting a loop of ...

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Instagram now allows all U.S. users to tag products in their posts

Social networking platform, Instagram plans to expand its product tagging feature in the United States in the coming few months. Prior to this expansion plan, Instagram only allowed content creators to tag products in their posts from businesses. No...

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AI-based solutions provider Glia nabs $45 million in Series D round

Glia’s valuation surpasses $1 billion The company secured $78 million in Series C round last year Total funds raised by the company exceeds $150 million AI-enabled service solutions provider, Glia has raised $45 million in the latest Ser...

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Egypt’s leading national banks launch venture fund for young innovators

The new venture fund “Nclude” will foster growth of the Egyptian economy by helping young innovators Largest banks in Egypt including Banque Misr, Banque du Caire, and National Bank of Egypt have collaborated over the launch of a new ven...

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Zomato to rescue cash strapped Blinkit by lending loan of $150 million

Zomato, India's most considerable food delivery, dining, and restaurant discovery service, will be investing $150 million in debt to save cash-strapped commerce startup Blinkit. The investment will be made in one or more transactions at an intere...

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Israeli irrigation tech startup SupPlant raises $27 million in funding

SupPlant, a plant-tech company based in Israel, has successfully raised $27 million for its platform which empowers farmers to increase crop yields and optimize water usage. The funding round was spearheaded by Red Dot Capital Partners along with pa...

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BMW, Qualcomm & Arriver partner to develop automated driving software

BMW, Arriver Software and Qualcomm Technologies have recently inked a long-term collaboration for developing next-generation AD (automated driving) technologies, extending from Level 2 Advanced Driving Assistance Systems, NCAP (New Car Assessment Pro...

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Resurgent Power Ventures wins proposal to acquire assets of SEUPTCL

The Tata Power joint venture is aiming to diversify the Resurgent Power portfolio Tata Power has announced that its Singapore-based joint venture Resurgent Power Ventures has received a nod for acquisition of the stressed asset of SEUPTCL – So...

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Record breaking global CO2 emissions in 2021, says IEA analysis

CO2 emissions surged by 6% in 2021 reaching 36.3 billion tonnes CO2 emissions over exceeded by 2 billion tonnes, marking the largest spike in the history 40% rise in global CO2 emissions can be attributed to the coal industry IEA has disclosed ...

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Volex nabs majority stake in manufacturing services firm inYantra Tech

A decisive strategic partnership worth $13 million inked between Volex and InYantra Indian electronics design and manufacturing services firm, inYantra Technologies Pvt. Ltd. has reportedly announced that UK-based Volex plc – an integrated man...

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Healthtech firm DeepTek raises $10Mn from Tata Capital Healthcare Fund

Tata Capital Healthcare Fund, the arm of Tata Capital Ltd., has reportedly led a Series A funding round of $10 million in DeepTek Inc., a new-age health startup, signifying the former’s first bet in digital healthcare. Ajit Patil, Co-Founder, ...

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BASF opts Canada to expand supplies for the thriving EV battery market

BASF SE, a German multinational chemical company, has reportedly secured land for a premeditated battery materials facility in Canada. The country's industry minister said that it would be the first pillar of the country's initiative for ensu...

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50Hertz to infuse $6.2Bn in offshore grid connections from 2022-2026

The company aims to double last five year’s investment by the end of the decade  German electricity transmission system operator, 50Hertz Transmission GmbH is planning on investing in grid connections housed on massive offshore wind farm...

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Rivian raises prices of electric vehicles, quoting higher costs for parts

Rivian, an American electric vehicle automaker, has recently increased the price of all of its electric R1S SUV by around 20% and R1T pickup by 17%. The prices are hiked as the newly public automaker attempts to regulate the inflationary pressure, pr...

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ExactSpace to expand operations in North America with $1.4Mn funding

AI startup is uniquely stationed at the core of $100 billion market opportunity Bengaluru-based artificial intelligence company, ExactSpace Technologies has reportedly announced the acquisition of $1.4 million investment in Thermax Limited-led seed ...

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Forrest confirms 1.2GW green energy hub project in Queensland

Squadron Energy’s solar farm project will be the largest renewable energy precinct across the southern hemisphere Australian businessman, Andrew Forrest has announced that the first-stage construction of a 1.2GW hybrid energy storage project- ...

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AstraZeneca and Honeywell to develop sustainable NextGen inhalers

The collaboration aims to develop net zero impact respiratory inhalers Cambridge-based pharma & biotech company, AstraZeneca has teamed up with U.S. conglomerate Honeywell to design next generation inhalers with least possible environmental impa...

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70% higher methane emissions from energy sector alarm policy makers

IEA analysis indicates 70% greater emissions from energy sector than government report Methane contributes to 30% of rise in global temperatures Energy sector alone is responsible for 40% of methane emissions The International Energy Agency (I...

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Hasura enters India’s unicorn club after raising $100 Million fund

The software company will boost research & development and stimulate global expansion Software tool developer, Hasura has secured $100 million worth fresh capital in Greenoaks Capital-led funding round. Its existing investors including Vertex Ve...

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SK ecoplant buys Singapore-based recycling tech firm for $1 billion

Rapidly growing industrial and electronic waste, driven by fast-paced development of battery technologies has prompted the need for efficient waste management system, encouraging tech companies to integrate recycling in operations. SK ecoplant, a su...

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Upflowy aims for business expansion in U.S. market with $4Mn funding

The software company aims to transform its visitors into customers with optimized web experiences French drag and drop tool developer, Upflowy has reportedly raised $4 million in funding, taking its valuation above $5 million. The latest funding ro...

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Saudi’s pharmacy chain Nahdi Medical to sell 30% stake in Tadawul IPO

Saudi Tadawul Group-owned stock exchange witnessed one of the biggest exchange IPOs in the region after raising $1 billion Nahdi Medical, largest pharmacy chain of Saudi Arabia, is planning to sell 30% stake, amounting to up to $39 million worth of ...

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JP Morgan to enter the metaverse with virtual ‘Onyx’ lounge

JPMorgan, an American multinational investment bank, has become the first bank to enter the metaverse, a simulated world based on blockchain technology. Recently, the investment bank introduced the Onyx lounge and released a report exploring how bus...

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Akamai acquires cloud-hosting firm Linode for USD900 million

Akamai, an American content delivery network, cybersecurity, and cloud service company, has announced that it has recently acquired privately-owned cloud hosting company, Linode. The acquisition priced at USD900 million is expected to help Akamai add...

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Diversey unveils first open commerce platform in Brazil with RedCloud

Diversey Holdings, Ltd., a leading provider of hygiene and cleaning solutions, has collaborated with tech firm RedCloud to introduce the world's first open commerce platform, Red101 Market. According to sources, the collaboration will empower cl...

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Foxconn and Gogoro to co-invest in battery cell project in Indonesia

Foxconn Technology, the chief iPhone assembler of Apple, will join Gogoro, a Taiwanese electric scooter maker, and two local partners to power up an Indonesia-based factory to make electric vehicles (EVs), their parts, and battery cells in one of the...

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Lockheed Martin cancels USD 4.4 billion acquisition deal with Aerojet

U.S. aerospace, and arms manufacturer, Lockheed Martin Corp. has reportedly scrapped its plans to acquire rocket and missile propulsion maker, Aerojet Rocketdyne Holdings Inc. for USD 4.4 billion. The decision comes after the proposal was met by heav...

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McDonald’s planning to enter the Metaverse with a virtual restaurant

Iconic fast-food restaurant chain McDonald’s is reportedly planning to enter the Metaverse by filing for  10 trademarks in the virtual space. Founder of Gerben Intellectual Property and trademark attorney, Josh Gerben was quoted saying th...

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SSE accelerates Net Zero Acceleration Programme with new carbon goals

SSE plc, UK’s national clean energy and FTSE-100 low-carbon infrastructure company, has recently declared that it will ramp up its renewable energy output and reduce carbon intensity by 80% until 2030 as it boosts its net zero action plan....

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Livspace acquires unicorn status after KKR-led USD 180 million funding

Livspace, a home interior and renovation platform, has reportedly secured USD 180 million during a Series F funding round that was led by KKR, entering the prestigious unicorn club at a USD 1 billion valuation. The round also saw participation from ...

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Indonesia to enforce stricter COVID-19 curbs as infection rates climb

To control a sudden spike in Coronavirus infections, Indonesia is reportedly planning to impose stricter social restrictions in Bali and Jakarta as well as in some cities on Java Island. The daily COVID-19 cases have surpassed the 40,000 mark in Janu...

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South Korea and U.K. sign agreement to tackle supply chain issues

South Korea and Britain have announced an agreement to strengthen pandemic damaged supply chains for major products like semiconductors. The agreement is expected to be finalized in London between trade minister Anne-Marie Trevelyan and her South Kor...

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CoreWeave, EleutherAI, NovelAI push for wider access to open-source AI

GPU accelerated compute solutions provider CoreWeave, in partnership with EleutherAI, a group of researchers working on open-source AI development, recently announced the launch of the largest publicly available language model for AI applications. E...

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Netlify takes over Quirrel to advance serverless platform capabilities

Netlify, a cloud computing company, has recently announced the acquisition of Quirrel, an open-source service provider, to adopt and execute serverless functions. Ever since Quirrel was founded by Simon Knott, the company has not been successful in ...

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Novavax files for emergency use authorization of its COVID-19 vaccine

Novavax, an American biotech company, has reportedly submitted a formal request to the U.S. FDA (Food and Drug Administration) on Monday to get its coronavirus vaccine approved for emergency use in the United States. The request has been made based ...

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Vodafone, Intel partner on OpenRAN to weaken network supplier grip

Aiming to disrupt the dominance of traditional telecoms equipment suppliers, Vodafone has reportedly partnered with Intel Corp. and other silicon manufacturers to develop its own chip architecture for the emerging OpenRAN network technology. For the...

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DealShare enters the unicorn club following a USD 165 million funding

The recent funding was led by existing investors Tiger Global and Alpha Wave. DealShare will use the fresh funds to invest in data science, technology, and improve logistics. DealShare, a social commerce startup, has announced to have secured US...

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Apple might allow iPhones to accept credit cards without added hardware

According to reliable sources, Apple Inc. is planning to enable small businesses to receive payments straight to their iPhones without the need for any extra hardware. It is worth noting that retailers are currently using payment terminals to accept...

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Husk inks UN energy compact to begin the expansion of solar-mini grid

Husk Power Systems, a firm that offers clean energy services to off-grid or weak grid rural communities in East Africa, West Africa and South Asia, is reportedly planning to introduce 500 solar mini-grids in Nigeria in the coming years. The plan was...

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EU closes in on banning targeted ads to avoid misuse of sensitive data

The European Parliament recently approved the initial draft of a bill that prohibits targeted advertising based on sensitive data such as religious beliefs, sexual orientation, race, or ethnic origin. The bill especially aims to address big tech comp...

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Ambulance aggregator StanPlus secures USD 20 Mn to scale its offerings

StanPlus, the Hyderabad-based online ambulance aggregator, has reportedly raised USD 20 million in debt and equity during a funding round that was spearheaded by HealthQuad, Kalaari Capital, as well as HealthX Capital Singapore.  The fundraisin...

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R&D projects worth USD 5.5 Mn approved under India-Israel tech fund

As a part of discussions on expanding the reach of India Israel Industrial R&D along with Technological Innovation Fund, the two nations have approved three joint R&D projects costing USD 5.5 million and discussed methods to develop a bigger ...

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Amazon’s technology centers in Texas and Arizona to offer 2,550 jobs

American e-commerce giant, Amazon has recently announced its plans to boost the hiring spree at its major technology hubs located in Arizona and Texas. Reportedly, the leading web service provider is working towards addition of 2,500 openings at its...

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Apple expands its digital CarKey features to Hyundai & Genesis vehicles

Hyundai and its luxury brand Genesis are reportedly planning to embed Apple's digital CarKey feature, which allows users to unlock their vehicles using the iPhone's Wallet app. This attribute could be available in the vehicles as early as sum...

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Renault’s higher-value brands make up for low sales volumes in 2021

French automobile manufacturer, Renault’s higher value brands have reportedly performed solidly during the previous year, which has helped cushion the blow of an overall drop in the annual worldwide sales of the group. The automaker has curren...

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Audi sees 50% sales growth: sells over 80,000 electric vehicles in 2021

Audi AG reportedly sold 81,894 fully electric vehicles in 2021, marking a 57.5% increase over the previous year’s figures. However, it delivered 16,80,512 vehicles in total, which was 0.7% less than the volumes recorded in 2020. The firm had s...

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Nakilat & ABS to design industry leading decarbonization strategy

Nakilat, one of the largest LNG shipping operators in world headquartered in Qatar, recently announced partnership with ABS to develop an innovative decarbonization strategy. Since last few months, the maritime company’s project team has been ...

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Shell and Petronas join hands to explore CCS solutions in Malaysia

Petronas has reportedly teamed up with Sarawak Shell Bhd in a joint study and collaboration agreement (JSCA) to explore opportunities and assist Malaysia in carbon capture and storage (CCS) and carbon dioxide (CO2) storage solutions. Under the terms...

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Paytm stock tumbles to record lows after Macquarie predicts 25% drop

Paytm shares reportedly slumped 6% on Monday (11th January), closing at USD 15.6. The sharp decline is a 46% drop from the initial issue price of USD 28.90 during its stock market debut in November 2021. As per sources, the steep fall comes as broke...

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Mercedes sales dip, loses top premium carmaker crown to rival BMW

BMW outperforms its German competitor Mercedes-Benz for the first time in five years. In 2021, Mercedes-Benz sold 2.05 million vehicles as compared to 2.2 million sold by BMW. Mercedes-Benz lost to BMW in 2021 for the first time in five years, r...

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South Korean car-sharing startup SOCAR prepares for stock market debut

South Korea’s largest car-sharing platform SOCAR Inc. has reportedly filed for an initial public offering. The development comes amidst rumors that SOCAR could be a potential hot IPO as the leader in the subscription-based business model. The ...

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Hughes collaborates with Airtel to offer broadband services in India

Combined VSAT (very small aperture terminal) operations led by Hughes and Airtel in India will provide a diverse range of satellite as well as hybrid network solutions for its government and business clients Indian broadband satellite provider, Hugh...

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Mercedes reels in its F1 team experts for the Vision EQXX prototype

Mercedes Benz has reportedly been working on matching the pace of EV leader, Tesla Inc. To that effect, the German luxury automaker has now reeled in experts from its highly acclaimed Formula One team to assist in developing the recently launched Vis...

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Hyundai, Kia expect 12% surge in sales this year despite chip crisis

Hyundai Motors and its affiliate Kia are anticipating a 12% surge in their worldwide sales volumes in 2022, despite last year's sales falling short of expectations due to the global semiconductor crisis. For the record, in 2021, the firms sold 6...

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Verizon, AT&T spurn U.S. regulators’ proposal for 5G deployment delay

The CEOs of telecom giants AT&T and Verizon Communications have reportedly declined a request from the U.S. administration to delay the launch of 5G wireless service that is scheduled on 5th January. The delay was proposed to alleviate concerns o...

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Amazon’s Indian unit records USD 79.4 million loss, revenue up by 43%

The company spent around USD 182.95 million in 2019 and USD 229.34 million in 2020. Amazon’s employee benefits expenses rose from USD 16.07 million to USD 18.7 million. In a recent turn of events, Amazon Seller Services, the Indian online ...

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Wipro takes over IT units and staff from Metro AG for $1 billion

India’s largest software exporter firm- Wipro- has recently announced taking over the IT units of German wholesaler Metro AG for a transaction deal of $1 billion for a span of nine years. It has been reported that Wipro would take control of Me...

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Domino’s launches India’s first plant-based ‘chicken-like’ pizza

Globally, the concept of ‘plant-based’ protein has gained considerable recognition. In this regard, Indian foodservice company, Jubilant FoodWorks announced that its master franchise Domino’s India have introduced – &lsqu...

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BetterLife Pharma buys Transcend, adds LSD derivatives to its pipeline

According to reliable sources, Canadian biotechnology company BetterLife Pharma Inc. has completed the acquisition of Transcend Biodynamics LLC and has obtained 100% of the latter’s assets in an all-stock transaction which was valued at USD 10 ...

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Neo Financial secures over USD 38 million in Series A funding round

The round was led by a U.S.-headquartered venture capital firm Valar Ventures. The company is reportedly planning to use the newly secured cash to expand its services across Canada. Calgary-based fintech company Neo Financial has reportedly rais...

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Finserv acquires Ondot Systems, enhancing former’s digital capabilities

In recent turn of events, the global financial services technology giant, Finserv Inc. announced its plan to acquire California based Ondot Systems Inc. Sources claim that the acquisition will enable Finserv to expand its digital capabilities by impr...

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Eat Just announces plans for historic launch of its cultured meat

Eat Just Inc., a firm using cutting-edge technologies to develop healthier and more sustainable foods, has reportedly announced plans to launch its meat products that are developed directly from animal cells. The company has collaborated with 1880, a...

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Apple may bring back TouchID technology to next generation iPhones

Apple reportedly conducted surveys regarding user experience with the FaceID. The company has two iPhones under testing that are allegedly equipped with fingerprint sensor. According to reliable sources, American multinational technology giant A...

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Roblox Corporation postpones its plans to go public until January 2021

Roblox has filed to secure around USD 1 billion through an initial public offering. The company reportedly expects to achieve a higher IPO pricing than DoorDash and Airbnb. United States online games developer Roblox Corporation has reportedly p...

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India acquires 1.6b doses of COVID-19 vaccine, the most in the world

The Government of India has reportedly acquired over 1.6 billion Covid-19 vaccine doses for its citizens from different sources. According to global analysis, the ordered doses are more than those bought by any other country. As per reports, the nat...

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Elon Musk relocates private foundation from California to Texas

Tesla’s CEO Elon Musk has reportedly moved his California-based private foundation to Texas. As per a certificate of merger filing with the Secretary of State, Texas, Musk has proceeded with the merger of his foundation with an entity in the st...

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Indian travel agencies to offer vaccine tourism packages to the UK

After the approval of the Pfizer-BioNTech COVID-19 vaccine in the United Kingdom, many Indian travel agencies have reportedly started planning ‘COVID-19 vaccine tourism’ packages for Indian travelers who want to get vaccinated in London. ...

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SpaceX plans to launch Starship rocket prototype by next week

Elon Musk, the CEO of SpaceX, has recently announced the company’s plan to launch its latest Starship rocket prototype by next week. This launch will mark its most ambitious rocket test to date. Musk confirmed that the aerospace company has co...

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Electromagnetic capacitors to drive the new era for true clean energy

The Neutrino Energy Group, a renowned global group of scientists that deal with application research and have a motive of finding alternative energy sources, continues to create new neutrino-based energy technologies that would alleviate the pressure...

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A new approach to conduct spinal fusion surgery gives better results

As per a new study by NYU Langone Health researchers, a new approach to perform spinal fusion surgery leads to reduced blood loss during the procedure and less intestinal blockage, or ileus, postoperatively, and lower operative times as well as hospi...

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Accenture acquires Arca to accelerate 5G cloud network transformation

Accenture, a professional services company, has reportedly acquired Arca, an engineering company that focuses on business services and network operations. Following the acquisition, Accenture will reinforce its role as a key partner for the design, ...

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Google launches ‘Tree Canopy Lab’ to plant more trees on city streets

Google, a multinational technology company, has reportedly unveiled the ‘Tree Canopy Lab’ platform. The launch of this new platform, which combines AI (artificial intelligence) and aerial imagery, is in line with the target of the policym...

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BASF Canada invests over $14 million in Regina facility transformation

BASF Canada Agricultural Solutions has recently unveiled its modernized formulation, packaging, & distribution facility in Regina, Saskatchewan. The company has invested above $14 million in facility transformations, making it the biggest agricul...

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Autodesk Acquires Spacemaker; Helps Architects Quickly Create Designs

Autodesk, Inc. announced that it has signed a contract to take over Spacemaker for $240 million net of cash. The agreement is subject to customary closing conditions and is estimated to close in the fourth quarter of the financial year 2021 of Autode...

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Neptune Wellness Inc. receives purchase orders worth USD 100 million

The purchase orders have reportedly come from six different clients. Experts are uncertain if the company would be able to fulfill these orders. Neptune Wellness Solutions Inc., a Canada-based fully integrated and diversified health and wellness...

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The First V164 9.5 MW Installed on the Scottish Floating Wind Project

MHI Vestas completed the installation of the most robust wind turbine, V164 9.5 MW, on a floating offshore wind platform. Fitted on a platform of Principle Power WindFloat at the installation dock for the floating offshore wind farm of Kincardine, it...

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Amdocs-AWS enter agreement to accelerate CSPs journey to the cloud

Amdocs, a leading software and service provider for communications & media companies, has recently announced a multi-year strategic collaboration deal with Amazon Web Services. The deal has been entered with an objective to provide integrated, cl...

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RIGOL unveils time-domain studio ‘StationMax’ at virtual event

RIGOL Technologies, an electronic test equipment manufacturer, has reportedly unveiled ‘StationMax’ at the 1st-ever virtual electronica event. StationMax is a new generation of high-performance time-domain studio. It provides test configu...

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India to ramp up its solar energy capacity at selected airports

The Airports Authority of India (AAI), recently entered into an MoU with NTPC Vidyut Vyapar Nigam (NVVN), owned exclusively by National Thermal Power Corporation (NTPC), to install solar plants at airports and subsequently adopt electric vehicles in ...

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ATIF Announces Partnership with Shenzhen Dah Sing Geek Association

ATIF Holdings Limited, multimedia services and business consulting provider in Asia and North America announced that through Qianhai Asia Times International Finance Services Co. Ltd., its viable interest entity, the enterprise is collaborating with ...

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Sectigo teams up with operating systems leader Green Hills Software

Leading web security solutions provider, Sectigo, has reportedly entered into a global reseller agreement with high-assurance operating systems supplier, Green Hills Software. The partnership enables Green Hills Software in the effective delivery of ...

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Creador to sell Corona Remedies stake at Rs 2,400 cr valuation

Creador, the Kuala Lumpur-based PE firm focused on partnering with entrepreneurs to grow businesses in South and Southeast Asia, has reportedly announced plans to monetize its investment in Ahmedabad-based pharmaceutical drug manufacturer Corona Reme...

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Vedanta & other majors to tender commercial mining coal block auctions

Companies such as Vedanta Ltd., JSW Steel Ltd., Jindal Steel and Power Ltd., Hindalco Industries Ltd., and Adani Enterprises Ltd., amongst others are set to bid in the first commercial mining coal blocks auction in India. The 19 coal blocks auction w...

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NV Energy issues RFP to expand portfolio of renewable energy projects

NV Energy, a public utility company, has recently issued an RFP (request for proposal) to expand its portfolio by adding new renewable energy projects. The recent announcement happened in line with the approval from the PUCN (Public Utilities Commis...

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Privafy and Micron Collaborate to Deliver a Safe IoT Security Solution

Privafy, the cloud-native cybersecurity firm ensuring secure Data-in-Motion, is collaborating with Micron Technology to provide a safe IoT security solution. With this new solution, Security-as-a-Service (SECaaS) can be easily integrated for OEM devi...

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Singapore to conduct an electricity import pilot with Malaysia

Singapore is taking multiple steps to achieve a greener energy mix by initiating plans towards commencing an electricity import pilot program with Malaysia. The country is also making substantial R&D investments on emanating low-carbon technologi...

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TerraPay secures MSB registration to strengthen presence in Canada

Global payments infrastructure major, TerraPay, has reportedly secured MSB registration with FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) to strengthen its ability to efficiently cater to the vigorous money transfer requirem...

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Arvest Bank Partners with Coconut Software to Manage In-Bank Traffic

Coconut Software, a pioneer in providing customer engagement solutions for credit unions and modern banks, announced that it has signed a deal with Arvest Bank. The contract focuses on a business-level customer engagement platform that will enable A...

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Iberdrola starts construction Australia’s first hybrid wind-solar power plant

Australia’s renewable energy infrastructure got major impetus recently when Spain-based Iberdrola started the construction of the world’s first hybrid-wind solar energy plant in the nation. The company’s  move comes after the a...

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Dutch company Yoast and SEMrush announce a new integration partnership

SEMrush, a renowned competitive research service for online marketing, and Yoast, a leading SEO plug-in for WordPress, together announced the start of their new integration partnership. The new collaboration starts with the launch of an updated vers...

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Competentia acquires Dare to strengthen its presence in APAC

Competentia, a Norway-based workforce management and recruiting company, has recently announced that it has signed an acquisition deal with Dare, a contract/staffing agency with over 30 years of experience in recruiting. Reportedly, this acquisition ...

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Happy Cabbage Analytics Closes its $1.5 Million Series Seed Funding

Happy Cabbage Analytics, a cannabis data analytics business based in San Francisco announced that it has closed its $1.5 million Series Seed funding. Delta Emerald Ventures, a New York-based early-stage investment enterprise, led the round with co-in...

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Allison launches eGen Power for medium- and heavy-duty trucks

Allison Transmission, a commercial duty automatic transmissions and hybrid propulsion systems manufacturer, has announced the launch of eGen Power. eGen Power is a series of fully integrated, zero-emission electric axles. This new product family wil...

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AMAX and NVIDIA Come Together to Accelerate Next-Generation AI

AI Solutions Group and AMAX's HPC announced its line of advanced server systems powered by NVIDIA A100 that bring AI training, analytics, and inference to a combined yet scalable platform. The resilient system design has accommodated conventional...

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Bank of Thailand introduces blockchain based government savings bond

IBM Corporation, an American multinational technology company, has reportedly announced that Bank of Thailand (BOT) has introduced a platform based on its blockchain technology for government savings bonds. Sources close to the matter stated that th...

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CDS plans to boost UX strategy, seals buyout deal with SimpleUsability

CDS has reportedly purchased SimpleUsability, the Yorkshire-based behavioral research company helping brands to understand customer needs. Sources claim that this acquisition is all set to broaden the former’s client proposition by means of str...

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CSIRO Collaborates with Garnaut’s Zen Energy for 100 % Solar Power

CSIRO, the major scientific research organization of Australia has planned to adopt solar to power its operations in NSW, ACT, and Victoria through a 10-year energy agreement with Zen Energy, the Ross Garnaut-led retailer. The long-term contract mea...

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Saudi Arabia to recommence tourist visa provision by early 2021

Post months of suspending travel in and out of the country, so as to ensure the prevention of the coronavirus spread amid enforcement of stringent government measures, Saudi Arabia now plans to resume tourist visas by the beginning of 2021.The announ...

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Ecology becomes third building society to raise funding through CCDS

Sustainable lender Ecology Building Society has managed to raise £3 million from Core Capital Deferred Shares (CCDS), making it the third and smallest building society to secure capital through this form of instrument.  Reportedly, Ecolog...

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Bluesource to head Michigan DNR' carbon credit marketing project

Officials in Michigan, Detroit have taken the sustainable route to curb the region’s carbon footprint through credits. As per the latest news, a Salt Lake City firm named Bluesource Corp. has been chosen by the Michigan Department of Natural Re...

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Moovaz enters deal to acquire on-demand van rental service, GetVan

Moovaz, a Singapore-based logistics company that provides relocation services, has reportedly entered an agreement to acquire GetVan, an on-demand van rental service provider. Financial terms of the agreement have not been disclosed. As per the stat...

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Brazil’s Petrobras Resumes Oil Trade with World’s Major Traders

Petrobras, Brazil’s state-held oil firm announced that it is restarting trades with the world’s leading oil trading houses Trafigura, Vitol, and Glencore after almost 2 years of suspension amidst a bribery inquiry in between the oil tradi...

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GE Renewable receives contract to deliver onshore wind turbines

GE Renewable Energy, the GE unit of General Electric Company, has recently announced that it has signed a wind turbine contract. Financial terms of the contract have not been disclosed. Under the terms of the contract, which has been extended by Mit...

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Tesla ties up with other companies for installing solar roof tiles

Tesla has reportedly started partnering with other companies for the purpose of installing and deploying solar roof tiles at a faster pace. The company had earlier rolled out the 3rd version of its Solar Roof tiles in the month of October the previou...

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Ecom Express to generate 30,000 seasonal jobs to handle festive sales

Ecom Express, a leading end-to-end logistics solution provider, has reportedly announced that it is planning to create more than 30,000 new seasonal jobs throughout its operations during the upcoming few weeks as the company is preparing itself to me...

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ACT to supply 200MW of wind power to Canberra at record low prices

Canberra is reportedly ready to host two big battery projects amid a recent announcement made by the ACT government. The announcement comprises the supply of additional wind power capacity of a total of 200MW for the national capital at record low pr...

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GE Renewable Energy installs, authorizes two wind farms in Turkey

GE Renewable Energy has reportedly announced that it has completed the installation and authorization of the 32 MW Meryem and 53 MW Kirazli wind farms located in Turkey. The commissioning forms part of a year ago bigger agreement for the supply of fi...

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3one4 Capital raises $100 million fund to invest in tech-led startups

3one4 Capital, a venture capital firm in India, has recently raised funding worth $100 million. It is the 3rd and largest fund raised by the firm to significantly invest in the tech-led startups, which was managed by Siddharth Pai and Pranav Pai, son...

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Fortescue signs agreement to assess hydropower opportunities in PNG

Fortescue Future Industries Pty Ltd, a subsidiary of Fortescue Metals Group, has reportedly entered into an agreement with the government of Papua New Guinea and Kumul Consolidated Holdings Ltd, a wholly owned entity holding the PNG government’...

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Tata Power invites bids to procure 150 MW of renewable energy

Indian electric utility company, Tata Power Limited has announced that its distribution licensee division has invited bids for generating 150 MW of renewable power from solar, wind, small hydro, or a combination, in an attempt to meet its RPO (renewa...

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Cyient to acquire IG Partners to expand digital capabilities in mining

Hyderabad-based engineering and digital solutions provider, Cyient Ltd., is reportedly planning on acquiring IG Partners, an Australian consulting firm. Sources with relevant information stated that the buy-out will allow Cyient to expand its digital...

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Vertical Aerospace Unveils the Design of its New VA-1X Air Taxi

Vertical Aerospace, Britain’s leading contestant in the competition to commercialize electric vertical flight, revealed the VA-1X, a vectored-thrust aircraft that signifies an important departure from the company’s earlier multicopter des...

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Carlyle to buy eight solar electricity projects from BNRG for €110 Mn

Carlyle Group, a renowned US-based investment firm, has reportedly announced that it would be acquiring eight solar-powered electricity projects from BNRG, a, Irish operator and developer solar projects. The company would be purchasing these eight pr...

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Motiv Power Systems raises $15 million from GMAG Holdings Corp

Sustainable tech major, Motiv Power Systems, has reportedly raised a sum of $15 million from GMAG Holdings Corp. The investment will be made via convertible notes that are likely to be converted into an upcoming Series-C funding round by Motiv. This ...

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China launches new Gaofen-9 Earth satellite & 2 smaller payloads

China has recently launched a new Gaofen-9 Earth observation satellite as well as 2 smaller payloads from its Jiuquan satellite launch center. Its Long March 2D rocket that carried the satellites was lifted from its launch center in the Gobi Desert. ...

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Deloitte Takes Over Spatial Access – A Move to Benefit Brand Marketers

Deloitte Touche Tohmatsu India LLP (Deloitte) acquires Spatial Access, an advertising and marketing advisory firm. The acquisition aims to improve the organization’s advisory capabilities and help brands to make an informed decision for adverti...

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PerkinElmer launches workstations to facilitate mass COVID-19 testing

While the world has seen many developments on the vaccine side for COVID-19, the testing for coronavirus remains a high priority for many nations. Until a vaccine comes out, the best bet is to test and isolate the carriers by mass testing. However, t...

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SoftBank pumps US$3.9 billion in the world’s leading tech companies

Japanese multinational conglomerate, SoftBank Group Corp. has recently made headlines after the company invested a total of around US$3.9 billion into 25 major technology companies, including biggies like Amazon.com Inc., Netflix Inc., Tesla Inc., an...

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Ariane 5 launches 3 spacecraft into orbit from Europe’s spaceport

Arianespace SA, the world's leading satellite launch company, has reportedly launched two telecoms satellites named Galaxy-30 and BSAT- 4B, with the addition of Mission Extension Vehicle (MEV-2) on an Ariane 5 rocket, finishing company’s fi...

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Forbes partners with Smartsheet to drive deeper consumer engagement

Smartsheet Inc, the U.S–based publicly-listed company that markets and develops Smartsheet application, has reportedly announced that Forbes has implemented its Smartsheet platform to accelerate strategic business decisions based on actionable ...

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Eberhart Capital inks strategic deal to buys M. J. Van Damme Trucking

Eberhart Capital LLC, the Scottsdale, Arizona-based private equity company, has acquired M. J. Van Damme Inc in a USD 20-USD 50 million deal. This investment is the third construction purchase by the company in 2020. Eberhart Capital, LLC's curr...

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Gogo reveals net losses of $86M in Q2 of 2020 due to COVID-19 crisis

Gogo Inc., an in-flight broadband connectivity firm based in Chicago, has reportedly posted net losses of over $86 million in the Q2 of FY2020 due to the COVID-19 crisis. According to Oakleigh Thorne, CEO of Gogo, the company has encountered immense...

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MSD Pharma acquires Takeda Pharma’s Dunboyne manufacturing facility

MSD Pharmaceuticals, a renowned global healthcare firm that provides innovative healthcare solutions, has reportedly announced that it has agreed to acquire the cutting-edge biologics plant of Takeda Pharmaceuticals, located in Dunboyne, Co Meath. T...

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Zynga enters to acquire hyper-casual mobile game developer Rollic

With this acquisition, Zynga enters the growing mobile game market  Acquisition anticipated close on 1 October 2020 The deal also diversifies and Expands Zynga’s advertising business Zynga Inc., a San Francisco-based leading interact...

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Westport Fuel Systems inks LPG systems supply contract with NAFTAL

Vancouver-based Westport Fuel Systems Inc., has reportedly announced that its Italian subsidiary MTM has inked an agreement with Algerian State-Owned Agency for Distribution and Sale of Oil and Gas (NAFTAL) to supply the developing Algerian market wi...

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Nordex to sell wind and solar project pipeline to RWE for $474 million

The Nordex Group, one of the world's largest wind turbine manufacturers, has reportedly agreed to sell most of its European onshore wind and solar project development pipeline to German-based RWE AG for USD 474 million (EUR 402.5 million). Sourc...

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Metro Bank buys British P2P lender RateSetter for £2.5 million

UK-based retail banking company, Metro Bank has decided to purchase distressed P2P lending company, RateSetter for an initial consideration of £2.5 million. According to reliable sources, the acquisition comes just weeks after Ra...

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CNG expands its packaging business with American Packaging acquisition

Central National-Gottesman Inc., a world leading distributor of newsprint, paper, pulp, tissue, packaging, and plywood, has reportedly announced that the company’s Kelly/Spicers division has expanded its packaging business across Western U.S. b...

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Qatar sovereign fund in talks to invest $1.5 billion in JioFiber

The fundraising spree seems to be going at unprecedented speed for Reliance Industries Limited. After successfully raising over $20 billion for Jio Platforms in the peak times of coronavirus, Mukesh Ambani led firm is in talks with Qatar Investment A...

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Umweltbank provides €55M loan for 110 MW Schornhof solar park

German green lender, Umweltbank, has reportedly announced that it will furnish a €55 million loan for the development of Anumar’s Schornhof solar park, with a generation capacity of 110 MW and currently undergoing construction in the Bavar...

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Mirabaud buys out two Californian office buildings for a sum of $95.2M

The Asset Management division at Mirabaud has reportedly announced that it has acquired two single-tenant office buildings situated in San Jose, California. While the transaction involves a cost of $95.2 million, the deal has been carried out on beha...

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UK’s carbon emissions may turn negative by 2033, says National Grid

As the UK relied extensively on renewable energy sources to generate power in the recent years, the new research report by National Grid ESO stated that carbon emission from the nation’s electricity systems could turn negative as early as 2033....

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OYO opts hybrid workplace model for smoother business operations

Corporates are slowly beginning to call their staff back to the office as COVID-19 restrictions are gradually being lift off. The Department of Telecommunications (DoT) has extended the relaxation of guidelines to facilitate work from home by Decembe...

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Xalles Holdings buys out AI provider Adaptive Metadata Solutions

Leading technology and financial services provider, Xalles Holdings, has reportedly announced that it has entered into a Share Exchange Agreement for the 100 per cent acquisition of Adaptive Metadata Solutions, a major provider of metadata analytics ...

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IIP inks deal with Columbia Care to acquire properties in New Jersey

Innovative Industrial Properties Inc. (IIP), a real estate investment trust that targets medical-use cannabis properties for acquisition, has reportedly inked a sale-and-leaseback deal with Columbia Care Inc. Apparently, the deal includes around 50,0...

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IPGCL expands timeline to install Delhi-based rooftop solar projects

The IPGCL (Indraprastha Power Generation Company Limited), the Delhi Government-owned utility, has reportedly granted a 98-day relaxation pertaining to the completion of its 21.5 megawatt solar rooftop projects in government buildings in Delhi. Sour...

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LG Innotek builds the smallest Bluetooth low energy module for IoT

South Korean electronic component manufacturer, LG Innotek has recently announced that it has built the world's tiniest Bluetooth module, a noteworthy breakthrough that would enable the company to further progress into the communication module ma...

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Researchers warn of rising methane emissions from the livestock sector

Greenhouse gases have always been a major factor impacting overall Earth atmosphere. However, researchers now warn of an alarming rise in methane levels from the agricultural and animal husbandry sector. Scientists claim that some of the main reasons...

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Amazon launches smart grocery cart, automates physical retail checkout

E-commerce giant Amazon has reportedly debuted a smart grocery cart, called ‘Dash Cart’, complete with sensors, cameras, and a scale to detect and log products on digital displays. The technology has been launched to make it easier for sh...

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Octopus Renewables acquires 16.8MW capacity onshore wind farms in UK

Renewable energy sources have the potential to become a feasible solution to the long-standing environmental as well as energy challenges faced by numerous nations. Having understood their significant benefits over conventional power sources, energy ...

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Fujitsu invents world’s first AI tech to capture essential features

Fujitsu Laboratories has reportedly announced that it has developed the world’s first AI technology intended to accurately capture essential features such as the probability and distribution of high-dimensional data. The technology focuses on o...

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Unacademy officially purchases India-based PrepLadder for USD 50 mn

Unacademy, the online learning platform based out of India, has claimed that it has acquired PrepLadder for a valuation of USD 50 million. The transaction was an all cash and stock deal, and has seemingly been undertaken by the Facebook-backed edtech...

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SoftBank in talks with Mubadla & CPPIB to sell stake in SBG Cleantech

Japanese conglomerate SoftBank Group Corp is in discussions to sell all of its stake in SBG Cleantech. The company is holding separate talks with Mubadala Investment Company – the sovereign wealth fund belonging to the government of Abu Dhabi, ...

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Goldman Sachs secures $8Mn stake in Purplle’s angel investors

American investment bank and financial services firm, Goldman Sachs Group, Inc. has recently acquired a stake in online beauty and cosmetic retailer, Purplle’s two angel investors. For the uninitiated, in 2019, Goldman Sachs had led a...

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Oil India and Engineers India to acquire 48% stake in BPCL-owned NRL

A consortium led by Oil India Limited and Engineers India Limited has reportedly planned to proceed with the acquisition of 48 per cent shares in Numaligarh Refinery Limited, a subsidiary of BPCL. According to Harish Madhav, the Director of Finance ...

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Aspire to become the majority shareholder in RapidValue Solutions

Global IT services provider Aspire Systems has reportedly announced that it has bought a majority stake in RapidValue Solutions, a leading provider of digital product engineering solutions. This deal involves the purchase of Helion Ventures’ en...

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Carlyle Group signs acquisition worth $235 mn to buy 25% of Nxtra Data

The Carlyle Group is reportedly planning to purchase one-fourth of the stake in Nxtra Data, Airtel’s data center business. The deal valuation has been finalized at USD 235 million (close to INR 1,780 crore). With this acquisition, Nxtra’s...

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GetMyUni puts forth an acquisition offer for learning startup Avagmah

The India-based education technology company GetMyUni has declared that it has taken over online learning firm Avagmah from AEON Learning. Acquired in an all-cash deal, Avagmah had raised around USD 5 million from Zodius Capital, MEMG (Manipal Group)...

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Unilever acquires 82% stake in GSK Bangladesh’s food & drinks business

British-Dutch consumer goods company, Unilever, has reportedly announced its acquisition of more than 82 per cent stake in GlaxoSmithKline’s food and drinks division in Bangladesh. The company has reportedly acquired these shares from Setfirst ...

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Nevada to impose strict vehicle emission norms, encourage EV sales

The state of Nevada has decided to join California in enacting the latest Zero Emission Vehicle (ZEV) mandate and vehicle emissions standards, despite the Trump administration’s decision to loosen the grip on federal fuel efficiency standards. ...

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Invitae puts forth $1.4B worth acquisition deal for ArcherDX

Genetic testing company Invitae is reportedly on its way to purchasing personalized cancer test developer ArcherDX. The deal is speculated to have been finalized at USD 1.4 billion. As per sources familiar with the knowledge of the matter, ArcherDX,...

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Bain and Cyrus Capital emerge as final bidders for Virgin Australia

The ongoing coronavirus pandemic has not only impacted the present scenario of several sectors but also likely to influence their future. One of the major fields to have taken the hit of the pandemic is the global aviation industry. As the airlines s...

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Student-run Think tank launches helpline to aid lockdown-hit workers

As the ongoing COVID-19 pandemic has significantly impacted the employment landscape in India, several entities have come forward to help workers during such critical times. A similar incidence came into light when students of IIMs, IITs, and other r...

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Livinguard Technologies launches anti-COVID-19 facial mask in India

The on-going coronavirus pandemic has significantly disrupted the lives and economies across the world. The need of the hour is to safeguard people from viruses that may cause illness. This is essential not only for apparel like hospital gowns but al...

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Square Inc takes over Spanish peer-to-peer payments app Verse

Leading payment services company, Square Inc., has reportedly announced its acquisition of Spanish peer-to-peer payment service, Verse, known for its efficient payment facilities across Europe. Square has stated that Verse’s team will effective...

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Nissan unveils redesigned 2021 Rogue crossover amidst the pandemic

Automakers worldwide are revamping their existing operations to chart a course through a radically altered retail environment during the on-going COVID-19 crisis. As part of its worldwide turnaround plan, Nissan Motor Co., Ltd., the Japanese multinat...

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Tata Power’s subsidiary to develop 120-MW solar plant in Gujarat

Tata Power has recently announced that Tata Power Renewable Energy, its subsidiary, will develop a 120-MW solar project for the electrical service company, Gujarat Urja Vikas Nigam. Sources familiar with the matter have stated that the largest integ...

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Amazon Business launches MSME Accelerate to help small businesses

Amazon Business has recently launched ‘MSME Accelerate’ initiative, which is likely to go live starting 20th June 2020. Following the launch, Amazon’s website would feature the MSME Accelerate program that would offer a wide range o...

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Global Clean Energy Holdings selects Haldor Topsoe’s HydroFlex™ for revamp of refinery for renewable fuel production

Global Clean Energy’s retooled facility will produce 15,000 barrels per day of renewable diesel from proprietary camelina oil and other traditional biofuel feedstocks. Topsoe will deliver basic engineering, license, proprietary equipment and...

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Uber to implement new safety features to revive its U.K. license

Uber had received only a 2-month operating license in September for London   The company touts close to 45,000 licensed drivers in the city Ride-hailing leader Uber has reportedly launched new safety features for its U.K. business, as it s...

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BFM partners with Triton Digital to enhance streaming audio content

With the penetration of the internet, the demand for podcast have surged significantly across the globe. This growing trend has encouraged companies to partner with potential podcast service providers to enhance their business reach.  Triton Di...

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Balderton launches $400 million fund for European tech startups

Tech sector in Europe is seen as lagging behind when compared to its Chinese and U.S. counterparts   Interest from American investors in private tech sector of Europe encouraged Balderton to launch a new fund Balderton, a venture capital f...

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WeChat Pay & Alipay allow overseas users to use international cards

On the foundation of the popular digital payment services, China is moving towards a cashless economy. In a bid to offer ease to international users, Chinese mobile payment giants WeChat Pay and Alipay have recently started allowing foreigners to lin...

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nLIGHT adds new CFX-12000 & CFX-5000 fiber lasers to its Corona family

With rising sales of electric vehicles, and the higher adoption of new technologies by the aerospace and automotive sectors, implementation of fiber lasers is witnessing significant growth recently. Global fiber laser manufacturers are increasingly w...

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ExxonMobil and Albemarle together create a new Galexia™ platform

ExxonMobil Corporation, a renowned US-based oil and gas company, and Albemarle, a renowned US-based chemical manufacturing firm, reportedly unveiled their new Galexia™ platform. This new platform is designed for the refining industry and is a t...

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Facebook sues NSO Group over claims that the firm helped hack WhatsApp

There has been an exponential growth in the number of cyberattacks targeting smartphones to exploit data. In fact, some reports claim, there will be a 50% growth in cyberattacks this year in comparison with last year. Several global software firms ar...

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Total announces $400 Million investment in its global venture fund

Global warming and worsening air quality is virtually impacting almost every living being on earth. To tackle this issues, various companies have devised huge plans to cut their carbon footprints and have adopted renewable energy alternatives to driv...

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Milacron partners with ei³ to leverage AI to its ‘M-Powered’ platform

Advanced technologies such as AI, robotics, and analytics have significantly altered the way business carry their operations. Numerous organizations in the world are leveraging the benefits of AI to develop cutting edge solutions for Industry 4.0. M...

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AT&T TV Now to increase online streaming service price by 30%

In March, AT&T had raised prices on its online-TV platform service, DirectTV Now (now known as AT&T TV Now). However, recently the firm announced yet another price hike on its service for customers using its offerings as well as for new subsc...

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BOEM permits Dominion Energy to erect wind turbines in Virginia

Depleting conventional energy has ignited the need to utilize renewable energy sources. Countries worldwide have started to turn their focus towards developing and adopting renewable energy alternatives such as wind and solar energy. Also, as per the...

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ATL takes over REC’s transmission project arm WRSS XXI (A) Transco Ltd

India’s power transmission sector has experienced extraordinary growth over the past decade, with line length and transformer capacity recording an average growth of 6.5% and 9.6%, respectively. In addition, both financial and operating perform...

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Uber axes 350 jobs across its Eats, self-driving and other divisions

Various global firms periodically restructure their organization in an effort to prepare the company for success in its coming future and laying off employees that are deemed non-essential is one of the most prominent exercises companies use to refin...

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Turbine installation completed at Taiwan’s Formosa 1 offshore wind farm

Renewable energy sources have evolved as one of the best alternative sources of energy and have gained importance and recognition on a global scale. As Taiwan imports over 97% of its energy supply from foreign countries, developing an indep...

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Jerry’s Marine Service acquired by Lewis Marine Supply in Florida

The global marine port and service market is expected to witness a substantial growth in the coming years. Owing to this growth, marine service sector is experiencing a general uptick in acquisitions and collaborations lately.   One such i...

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Ameren Missouri brings neighborhood solar generation plan to Missouri

Demand for renewable energy, and by extension, various initiatives for development of solar power programs have experienced a substantial growth in recent times due to increasing environmental concerns and advancements in clean energy technologies. V...

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Tata Power JV gets APTEL approval to buy of Prayagraj Power Project

Renascent Power Ventures to acquire 75% stake in Prayagraj Power Project following APTEL approval TATA Power has recently announced that the Appellate Tribunal for Electricity (APTEL) has approved the acquisition of 75% stake in the 1,980 MW Prayag...

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Saudi Arabia plans a long-term investment worth $100 billion in India

India has a diversified set of partnership in the middle east region, maintaining a healthy relationship with Gulf Cooperation Council countries. Saudi Arabia has been playing a vital role in reforming India’s economy and is a fourth-largest tr...

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UK’s competition watchdog fines PayPal over the acquisition of iZettle

In the United Kingdom, CMA (Competition and Markets Authority) is a unit of the non-ministerial government department (NMGD) that is responsible for strengthening business competition and reducing and preventing anti-competitive activities. The agen...

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Uber obtains a two month extension to its license to operate London

Ride sharing and ride hailing businesses are presently making significant progress across the world due to its convenience and cost effective nature. However, safety and background of drivers turns out to be a major point of concern for passengers ad...

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Solvay to expand thermoplastic composites capacity at its U.S. plant

Thermoplastic composites (TMCs) made from structural polymer composites have various uses in automotive, aerospace and construction industry. With rising demand in the transportation sector, several companies are now expanding their production capaci...

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Automattic raises $300 million funding from Salesforce Ventures

No matter what kind of business it is, having a website helps in reaching more clients. Today, WordPress is one of the leading content management systems in the world and reportedly around 34% of websites on the internet are based on it. Automattic,...

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Mouser Electronics and Transphorm sign new global distribution deal

Compound semiconductors have become the focus of development in the past few years as semiconductor engineers have worked hard to obtain the next better device. Among these, GaN has gained prominence as it can be well suited for high voltage conversi...

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Volkswagen settles multi-million-dollar Australian dieselgate scandal

After numerous years of dodging exposure to major scandals, the automobile industry was pushed into the storm of judgment when Volkswagen was found to have been dishonest about their car emission testing. The German car giant was exporting diesel car...

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La Trobe University and Cisco join forces for IoT innovation

The agreement will establish a Cisco Co-innovation Centre and a new position of a Cisco Chair of IoT   The agreement will also give access to Cisco’s Digital Schools Network for all educators and students Cisco Systems, Inc...

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McDonald’s acquires AI firm Apprente to change drive-thru experience

This is McDonald’s second acquisition this year, earlier this year it acquired Dynamic Yield, an online personalization startup for over $300 million. This acquisition would reduce wait times and could enable restaurants to function with sma...

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DXC Technology to hire 10,000 people in India with digital tech skills

DXC Technology has joined other international firms to expand its offshore base in India as the company struggles to hire talent across developed markets like United States.   The inability to hire employees rapidly, costed $100 million to ...

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Convergint Technologies announces acquisition of security firm LSSI

Global system integrator takes over security solutions industry-leader Life Safety Solutions Provider   Founded in 1978, LSSI has an industry experience spanning over 4 decades, and has built and maintained long-lasting customer relationship...

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Total LNG project approved by Papua New Guinea despite reservations

This project is predicted to double the gas exports of country and eventually turn the nation into an important energy player.   Total will make a “National Content plan” to further set out local advances, develop access points o...

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State of Utah awards new enterprise contract to NICs Utah Interactive

With this contract, Utah Interactive would focus on providing consistent digital federal services. The state of Utah has recently awarded Utah Interactive LLC, a subsidiary of government digital service provider NIC Inc., with a new enterprise contr...

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Harvest Alaska to buy 49% stake in Alyeska Service Company and TAPS

Harvest Alaska, a privately held midstream service provider, recently announced that it will buy the entire ownership of BP Transportation Alaska under midstream interests in Alaska, which also includes an interest of 49% in Trans-Alaska Pipeline Sys...

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Mitsubishi Electric to organize formal trial for its Dynamic Sign tech

The company aims at international standardization of public symbols from this trial, which would be conducted at Chofu City, Tokyo.   The rollout of dynamic sign would make it more convenient and easier for visitors to find their path across...

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DoorDash acquires Scotty Labs to foray into automated food delivery

Procurement of Scotty Labs delivers DoorDash access to Scotty’s remote controlled and autonomous vehicle tech.   Scotty Labs is the second procurement by DoorDash for the month, following its acquisition of Caviar. DoorDash Inc., a S...

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U.S. Department of Commerce offers 90 days trade extension to Huawei

The extension would enable Huawei to maintain existing telecommunications networks and provide software updates to its handsets. U.S. Commerce Secretary Wilbur Ross has recently announced that the government has decided to extend a re...

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IL&FS files for approval to sell wind energy arm to ORIX Corporation

ORIX Corporation owns 49% stake in each of IL&FS’s seven power plants   Proposal has now been filed with NCLT after the completion of Share Purchase Agreement In a bid to sell its wind power business, Mumbai headquartered leasing...

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Occidental Petroleum acquires Anadarko in USD 38 billion cash deal

Following the buyout, Anadarko’s shareholders will be getting USD 72.34 per share Occidental also sold USD 13 billion in bonds as part of financing the acquisition Texas based petroleum company, Anadarko Petroleum has reportedly announced...

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Occidental Petroleum acquires Anadarko in USD 38 billion cash deal

Following the buyout, Anadarko’s shareholders will be getting USD 72.34 per share Occidental also sold USD 13 billion in bonds as part of financing the acquisition Texas based petroleum company, Anadarko Petroleum has reportedly announced...

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New Relic assists Komatsu improve its digital customer experience

Komatsu commits to rollout New Relic at all its Smart Construction sites. The construction equipment company raises its consumer response request time by about 30 times. New Relic, a leading cloud-based instrumentation platform made to support c...

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Renault & Nissan to consider restructuring for Fiat Chrysler merger

The car makers are reportedly planning to reframe their partnership to build up new negotiations with Fiat Chrysler. French car-maker Renault SA and the Japanese constructor Nissan Motor Company are reportedly considering implementing changes to the...

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Duke Energy files for annual increase in fuel charge in South Carolina

The PSCSC will adjust the fuel component after reviewing the cost of the fuel rates   New rates would go into effect from 1 October this year if the proposal is approved Duke Energy Carolinas, a provider of gas and electric services, recen...

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Cuba to expand internet connectivity while maintaining strict control

Cubans will not have to travel to centralized public sites for connection anymore   Mobile phones in Cuba have access to 3G connectivity since December Cuba has extended internet access to citizens countrywide while trying to control and d...

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CNOOC and ADNOC ink new agreement on oil refining and LNG trade

China National Offshore Oil Co (CNOOC) and Abu Dhabi National Oil Co (ADNOC) have recently signed a memorandum of understanding (MOU) for liquefied natural gas (LNG) trade, oil refining as well as upstream exploration & development activities.&nb...

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Bayer confirms move to add 500 jobs at its Creve Coeur facility

Bayer AG, the Germany-based multinational pharmaceutical and life sciences company, plans to bring 500 hundred jobs to Creve Coeur campus and has invested US$164 million for the facility’s improvement. Missouri’s Governor Mike Parson sai...

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SSG opens new office in Hong Kong to expand operations in Asia-Pacific

Selling Simplified Group Inc., a privately-held provider of marketing solutions and B2B data, recently announced that it has expanded its presence in the Asia pacific (APAC) region following the opening of its new office in Hong Kong. The new office ...

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AppLovin buys SafeDK to enhance GDPR compliance and app security

AppLovin, a mobile marketing and gaming platform that offers tools for game development around  monetization, user acquisition, analytics and publishing, recently announced that it has acquired SafeDK, a software development kit (SDK) platform. ...

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Cactus Outdoor acquires Albion to drive apparel production in NZ

Cactus Outdoor, New Zealand-based outdoor clothing brand recently announced acquisition of garment manufacturer, Albion Clothing. Cactus did not reveal details regarding the financial transaction. However the company confirmed that both the firms wil...

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Hyundai smart EVs to reach Indian showrooms in two to three years

Hyundai headquarters recently approved the Smart EV project that aims to introduce smart electric vehicles to the Indian market. Products developed under the initiative are expected to hit showrooms in two to three years. Hyundai Motor Co, (Hyun...

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Solar major Lightsource BP acquires renewable projects in Brazil

Lightsource BP, the renowned solar energy market player, has reportedly acquired a large number of projects in Brazil. The move is said to be against Lightsource’s aim to expand its current global capacity. As per sources familiar with the kno...

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Dott to launch e-bike hiring solutions with newly raised funds

In a fundraising round led by present investors like Naspers and EQT, a Europe-based startup firm Dott has secured 30 million euros for launching electric bike rental business and to introduce a brand new range of electric scooters. Europe’s V...

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Blackstone on the verge of building world-class solid-state battery

Swiss holding company Blackstone Resources AG, has reportedly joined hands with some of its strategic partners across Poland, Germany, Austria, and Belgium. The aim of the partnership is for the company to build and finance its own research team in c...

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