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

eBay introduces Refurb Registry combining couple and retail therapies

American multinational e-commerce company eBay Inc. has reportedly announced a unique Refurb Registry intended to address the sensitive state of relationships as individuals recover from the pandemic. This new program provides couples with some rela...

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GSL enters Jones Act partnership agreement with DEKC Maritime

Renowned marine transportation provider, Green Shipping Line (GSL), has reportedly struck a teaming agreement with DEKC Maritime, a prominent European marine vessel engineer to pursue offshore wind vessel solutions compliant with the Jones Act in the...

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Apple in talks with Chinese companies over battery supplies for its EV

Apple Inc. is reportedly in talks with Chinese battery manufacturers CATL (Contemporary Amperex Technology Co. Limited) and BYD (Build Your Dreams Auto Co. Ltd.) over battery supply for its planned electric vehicle. The firm has not reached any agree...

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League of Legends Pro League partners with Hyperice for 2021 season

Performance technology firm Hyperice has reportedly been named the official recovery technology partner of the League of Legends Pro League (LPL), Riot Games’ tier-one esports tournament in China, for the 2021 season. According to the deal, al...

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Microsoft, Google, and Apple team up to make internet surfing better

The trio has reportedly formed an online panel named WebExtensions Community Group. The tech giants are cordially inviting other browsers and developers to join this combined effort. Apple, Microsoft, and Google are reportedly working together t...

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Apple employees asked to work from office thrice a week from September

In an email to his employees, Tim Cook, CEO of Apple, asked the staff to return to the office three days a week beginning from early September, cited sources. For the past year, Apple employees have been working remotely to combat the spread of COVI...

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Impact of Covid-19 on Outbound Medical Tourism Services Market – Revenues to spike over 2021-2026

Global Outbound Medical Tourism Services Market Report available at MarketStudyReport.com gives an overview of the Outbound Medical Tourism Services industry which covers product scope, market revenue, opportunities, growth rate, sales volumes and fi...

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DOE partners with Denmark & Norway to achieve zero emission shipping

The U.S. Department of Energy (DOE) has reportedly inked a partnership agreement with the governments of Norway, Denmark, and others to expedite its efforts of taking international shipping closer to the zero-emission target. The initiative would see...

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Wefox reaches USD 3 Bn valuation in USD 650 Mn Series C funding

Germany’s digital insurance unicorn startup, Wefox, has reportedly raised USD 650 million in a Series C funding round, pulling the company’s valuation to USD 3 billion. The startup intends to use the funds to enter into Asia and the US in...

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Tiger Global leads Plum Benefits’ USD 15.6 Mn Series A funding round

Reportedly, Plum Benefits Pvt. Ltd., a health insurance startup, has reportedly secured USD 15.6 million in a Series A funding round which was led by Tiger Global Management LLC, a U.S.-based investment management firm. Previous investors namely Seq...

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Intel unveils new 11th Gen processors and 5G modem for i5, i7 laptops

American tech giant Intel Corporation is reportedly planning to introduce a pair of new U-series chips namely, the i5-1155G7 and Core i7-1195-G7 processors at the Computex 2021 which is likely to be held in June this year. Knowledgeable sources cite...

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Microsoft, Goldman Sachs and Accenture launch green software initiative

Microsoft Corporation, Goldman Sachs Group Inc., and Accenture plc have reportedly teamed up with Linux Foundation and other nonprofit climate groups to launch a green software initiative to produce fewer carbon emissions in data centers.  ...

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Ford set to introduce two new electric vehicle platforms by 2025

Joining the electrification race against biggies like General Motors Co, Volkswagen AG and Tesla Inc., Ford Motor Co. has announced plans on developing two all-electric vehicle platforms, one dedicated for full-size trucks and SUVs, and the other for...

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Germany passes bill that allows self-driving vehicles on public roads

Reportedly, Germany has passed legislation that will allow for autonomous vehicles on public roads without a presence of a human safety operator by 2022. Although self-driving testing is currently permitted in the country, the new reform is likely to...

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Hecate Independent Power’s USD 30 Bn offshore wind project launches

The Anglo-American renewable power company, Hecate Independent Power Ltd. (HIP), has recently announced the launch of its Atlantic Project for installing 10,000 MW of floating and fixed wind turbines in the North Atlantic that will be connected to th...

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Thales launches data protection services for multi-cloud environments

Thales Group, a French multinational giant that caters to aerospace, defense, transportation, and security markets, has recently announced the launch of new data protection solutions for Microsoft Azure, Google Cloud, and Amazon Web services to insti...

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Eruditus Group expands its service offering through iD Tech acquisition

Eruditus Group is estimated to grow 2.5 times in valuation by 2022. The company is valued at USD 185 million as of the financial year 2020-21. Mumbai-based EdTech startup Eruditus Group has reportedly acquired iD Tech, a leading Silicon Valley-b...

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Adani Green to acquire SB Energy’s 5GW renewable energy portfolio

The deal comes as the largest acquisition ever conducted in India’s renewable energy space Adani Green Energy Limited (AGEL) has revealed plans to purchase 5 GW of renewable energy portfolio from SB Energy India for a sum of $3.5 billion. The ...

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Airbus insists suppliers to ramp up production quantity and quality

European multinational aerospace giant Airbus S.E has reportedly given an ultimatum to its suppliers to prove that they are well equipped to expand single-aisle jet output, in a letter that brings to light all the recent problems arising in industria...

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Goldman Sachs’ Marcus to introduce automated advice service in the U.K.

Goldman Sachs Inc. is reportedly planning to launch an app for the U.K. users of its digital bank Marcus in the coming weeks. However, the computerized investment management service is likely to be available in the early months of next year. Des McD...

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EVs will be more affordable than combustion vehicles by 2027: Study

According to a recently published study by BloombergNEF, prices of electric vehicles are set to become more affordable by the year 2027 as compared to vehicles with combustion engines. The study is primarily based on the European market which has bee...

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Foxconn, Fisker join forces to build sub-USD 30,000 EVs by late 2023

Electric car maker Fisker Inc. has reportedly signed an agreement with Taiwanese manufacturing giant Foxconn Technology Co. Ltd. to produce EVs, with plans to start production in the U.S. by the end of 2023. Sources with knowledge of the matter state...

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Harley Davidson to make LiveWire a standalone electric motorcycle brand

Harley Davidson Inc. is reportedly planning to make its electric motorcycle LiveWire as a standalone brand with an independent logo and identity. The American motorcycle manufacturer has declared July 8th as the official launch date for LiveWire&rsq...

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Samsung might launch three new premium smartphones in August this year

Reportedly, Samsung Electronics Co. Ltd. is currently in advanced discussions with South Korea-based network carriers to launch a fleet of new smartphones in the coming months. This time, the consumer electronics giant intends to introduce premium fl...

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Google launches Gboard for Wear OS to make smartwatch typing easier

The Wear OS update will now be able to provide better word suggestions and corrections. Gboard will allow users to easily switch between languages.  Renowned American multinational technology company Google LLC has announced that it will l...

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Nintendo to allow users develop custom games using Game Builder Garage

Japanese multinational video game company Nintendo Co. Ltd. has reportedly launched the ‘Game Builder Garage’, a Switch title that allows users to create their games. The software lets players build games without having to code them and ...

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HCL Tech to upgrade Hitachi ABB Power’s IT services infrastructure

The IT major will deliver hybrid cloud services, unified service management, digital workplace services, next-gen network services, and cybersecurity services to Hitachi ABB Power Grids As part of a global transformation program, HCL Technologies ha...

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Uber and Arrival announce partnership to build EV for ride-hail drivers

Arrival Ltd, a U.K based automobile company, and American tech giant Uber have reportedly signed a joint venture agreement to build an electric vehicle (EV) for all Uber’s ride-hail drivers. Arrival plans to release the final EV design before ...

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Genius Sports reveals acquisition of Free-To-Play game provider FanHub

Amid its customer retention efforts, Genius Sports Limited, a leading UK-based sports data, and technology company, has reportedly acquired FanHub Media Holdings Pty Ltd., a prominent provider of free-to-play games and fan engagement products. The mo...

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Wolfire Games files lawsuit against Valve for anticompetitive practices

Valve Corporation, the Washington-based video game company, will reportedly face a class-action lawsuit from Humble Bundle developer, Wolfire Games. The lawsuit points fingers at Valve’s 30% cut and alleged anticompetitive practices involving i...

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Huawei in talks with local carmakers to obtain rights in their EV units

In order to deepen its EV efforts, Chinese multinational technology giant Huawei Technologies Co. Ltd. is reportedly in talks with various local automakers to acquire a controlling stake in their electric vehicle units. The company had earlier announ...

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U.S. eases opioid addiction treatment through buprenorphine medication

The U.S. government led by President Joe Biden is working on simplifying decade-old requirements that complicate the treatment of opioid addiction for doctors through medication. Notably, as per the new guidelines, doctors and healthcare professional...

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Spotify to take on Apple by a launching podcast subscription platform

Spotify, the popular audio streaming services provider, has reportedly introduced a paid subscription platform for podcasters in the U.S. The announcement comes after the American tech giant Apple had launched a similar service last week. Although t...

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B2B online marketplace Bizongo bags USD 51 million in Series C funding

Mumbai-based business-to-business e-commerce startup Bizongo has reportedly bagged USD 51 million during its Series C funding round which was led by the U.K.’s development financial institution CDC Group as well as SCG’s corporate unit Ad...

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ITC partners with Linde India to import 24 cryogenic oxygen containers

Indian multinational conglomerate company, ITC Ltd., has reportedly joined forces with Linde India, the leading supplier of gasses and related products, to ease the current crisis of oxygen supply amidst the second wave of COVID-19. The duo intends ...

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Facebook ad tools adjusted ahead of Apple’s upcoming privacy changes

Social media giant Facebook Inc. has announced to have made alterations to its advertising tools in an effort to comply with the upcoming privacy changes that will be released by Apple Inc. in the coming week. For the record, Apple’s new softw...

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Southern Power purchases 118MW Glass Sands Wind Facility in Oklahoma

The wind project is currently under construction and is expected to obtain commercial operation in Q4 2021 Expanding its portfolio of wind energy projects, Southern Power, a leading U.S. wholesale energy provider, has revealed the acquisition of the...

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Pristyn Care bags USD 53 million in Tiger Global-led Series D funding

Gurgaon-based health-tech startup Pristyn Care has reportedly secured USD 53 million during a Series D funding round which was led by U.S.-based investment company Tiger Global Management LLC. According to reliable sources, the funding round also sa...

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Facebook, Twitter, and Snap to endorse White House vaccination campaign

Social media giants Twitter, Facebook, and Snap are among the several companies that will take part in U.S. President Joe Biden’s promotional campaign for vaccine eligibility. The White House had previously announced that vaccines will be avail...

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Toyota commits to carbon neutrality, introduces electric SUV concept

The Japanese automaker Toyota has recently introduced the bZ4X Concept, a vision for the first global series of battery-electric vehicles under the ‘Toyota bZ’ brand. The recent development mars a significant step for the company which is...

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Boeing Co. to finance jet buyers for deliveries as air travel recovers

As the industry looks to a turnaround in air travel, Boeing Co. expressed optimism about financing jet buyers for deliveries while raising an amber flag to commercial bank loans regarding airline access. The demand for funding to support deliveries ...

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ENGIE ropes in Siemens Gamesa to set up 260MW wind farm in Peru

French multinational electric utility company- ENGIE has reportedly selected Siemens Gamesa to expand its operations and meet the sustainable energy requirements of Latin America through the installation of a wind farm for generating 260 MW of renewa...

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Facebook oversight board broadens its scope to rule out content

Facebook’s oversight board has recently announced the expansion of its remit to enable the platform’s user to review requests for content left up on the site as well as for the ones taken down. This move comes as a response to Facebook&rs...

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SK Innovation to hand LG Energy USD 1.8 billion to end EV battery spat

South Korean battery manufacturers SK Innovation Co. and LG Energy Solution have reached an agreement in a U.S. trade dispute. This has allowed the two companies to steer away from a potential setback for the country’s EV ambitions by sparring...

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Twitch can now ban users for improper behavior beyond its platform

American live video streaming service Twitch has announced to have expanded its hate & harassment policy beyond its platform in an effort to make it relatively safer. This time the rules cover activities outside the platform such as membership i...

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Intel unveils its latest Ice Lake Xeon processor for data centers

At its recent virtual “How Wonderful Gets Done 2021” launch program, U.S. chipmaker Intel Corp. launched its 3rd Gen Intel Xeon Scalable processors that will be dedicated towards edge computing, networking, cloud, and high-performance com...

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Gatik, Isuzu North America unite to build self-driving delivery trucks

Gatik, a Silicon Valley-based self-driving startup, has entered a joint venture agreement with Isuzu North America Corp. to develop autonomous delivery trucks. These vehicles will be utilized by Gatik to serve its retail customers, cited sources with...

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Air Canada terminates Transat takeover plans after hitting EC blockade

According to reliable sources, flag carrier Air Canada has abandoned its agreement to acquire Montreal-based tour operator Transat A.T. Inc. It appears that the acquisition plans were terminated after Air Canada failed to secure approval from the EC ...

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Tesla records highest quarterly sales amidst worldwide chip shortages

Tesla Inc. reportedly sold over 184,800 electric vehicles in the first quarter despite the global crisis of semiconductor chip shortage that has affected the automotive industry on a large scale. In the first quarter of 2021, Tesla delivered 182,780...

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MGE looks to acquire part of proposed 92-MW Red Barn Wind Farm

The purchase will help Madison Gas and Electric reduce its emission levels by 65% by 2030, further contributing to the firm’s ‘net-zero carbon by 2050’ goal U.S.-based Madison Gas and Electric (MGE) along with Wisconsin Public Serv...

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TeamViewer signs partnership deal with Mercedes-Benz F1 and FE teams

Germany-based leading software company TeamViewer has reportedly signed a joint venture agreement with the highly popular Mercedes-AMG Petronas Formula One Team as well as with Mercedes-EQ Formula E Team. According to reliable sources, the partnersh...

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Amazon Web Services allies with ABB to accelerate fleet electrification

Swiss automation and technology firm giant ABB Ltd. has announced to have entered a partnership with Amazon Web Services (AWS), to develop a cloud-based electric vehicle fleet management platform, which it expects will accelerate fleet electrificatio...

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Sequoia raises USD 195 million seed fund, targets early-stage startups

Sequoia Capital India, the renowned private equity firm, has reportedly secured USD 195 million during its second seed funding round as a part of its Surge program. Notably, the Surge program is Sequoia’s initiative which backs early-stage sta...

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Recyclus Group inks a deal with UK’s lead-acid battery recycling firm

The collaboration aims at reducing waste by 90%, ensuring the parts do not end up in landfills and are re-used London-based Technology Minerals has recently announced that its subsidiary, Recyclus Group, has inked a deal with a prominent UK lead-ac...

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WeWork seeking SPAC merger after recording USD 3.2 billion loss in 2020

American commercial real estate firm WeWork has reported a loss of USD 3.2 billion in the year 2020. The company presented its revenue report to potential investors to secure around USD 1 billion investment as well as a stock market listing. WeWork&...

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Burger King now offers Impossible Whopper at selected Canadian outlets

Florida-based multinational fast-food chain Burger King has reportedly announced that it will start selling Impossible Foods’ vegan meat burgers in its Canadian outlets. Selected Burger King restaurants in Ontario will start serving the Impossi...

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Nissan, Honda, Toyota shares plunge following Renesas chip-plant fire

Shares of prominent Japanese automakers such as Toyota Motors Corp., Honda Motor Co., and Nissan Motor Co. witnessed a critical decline following the unexpected fire outbreak at one of Renesas Electronics Corporation’s semiconductor manufacturi...

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Coinbase valuation soars to USD 68 billion as it nears U.S. listing

United States’ largest cryptocurrency exchange, Coinbase Global, Inc., recently announced that recent private market transactions pushed the company’s valuation to about USD 68 billion this year ahead of planned listing. San Francisco-ba...

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Sennheiser debuts its latest ‘IE-300’ in-ear headphones in India

German audio company- Sennheiser has reportedly introduced IE 300, its in-ear headphones that is equipped with the company’s 7mm Extra Wide Band transducer in India. The latest gadget is designed to provide a balanced sound signature and superi...

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Volkswagen to take on Tesla by opening its own European battery plants

German multinational automotive giant Volkswagen AG is reportedly planning to establish around half a dozen battery cell plants in Europe as well as expand its electric charging infrastructure across the globe. The move is likely to help Volkswagen t...

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Belgium’s Whale secures €1 million from Peak Capital, Volta Ventures

Whale, a Belgium-based information and training platform for small and medium-sized enterprises (SMEs), has raised reportedly secured €1 million (around USD 1.1 million) in funding from Peak Capital, Volta Ventures, and the founders. This new fu...

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Stanza Living in final stages of raising USD 120 million Series D funds

India’s managed-accommodation services provider Stanza Living is reportedly in the final stages of securing Series D funding worth USD 120 million. The apparent funding round is currently led by an Abu Dhabi-based investor, with the deal likely...

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Epic Games, Google, Apple battle saga continues with a new lawsuit

Epic Games, developer of the popular online game ‘Fortnite’, has recently filed a new antitrust lawsuit against Google in Australia’s federal court. Reportedly, the video game developer alleged the American tech giant of ‘anti...

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Shopify inks contract with Carbon Engineering to lower CO2 footprint

In a bid to reduce the greenhouse gas emission levels, Canadian multinational e-commerce giant- Shopify has reportedly announced that it has become the first company to purchase contract carbon removal units from Carbon Engineering- a Canada-based di...

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Marriott expands longer-stay brands amid high demand for extended trips

The largest hotel chain in the world Marriott International Inc. has reportedly introduced a new suite of rooms and locations to cater to the growing trend of opting for longer vacations amidst the Coronavirus pandemic. Under its ‘longer stay ...

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Airspan Networks to boost global 5G deployment through SPAC merger

Airspan Networks, an American telecommunications company is partnering with New Beginnings Acquisition Corp., a special-purpose acquisitions company (SPAC) to facilitate the development of its 5G infrastructure across the globe. The newly formed com...

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Hyundai joins forces with digital media consulting firm MegazoneCloud

Hyundai Motor Company, a multinational automotive manufacturer, is reportedly collaborating with MegazoneCloud, a South Korean cloud management service provider, to introduce a media service platform called ‘Channel Hyundai’ to deliver a ...

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The much-awaited successor to Nintendo Switch to arrive in late-2021

According to reliable sources, the follow-up to Nintendo’s wildly successful handheld gaming console, Nintendo Switch, is expected to launch in 2021 post a three-year wait after the original device was released back in 2017. The Nintendo Switc...

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Cargill launches ‘SeaFurther’ program to support seafood sustainability

Cargill- a leading American food corporation has reportedly launched the SeaFurther Sustainability initiative in a bid to help aqua farmers to increase the amount of sustainable seafood that renders less environmental impact. Notably, the initiative...

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VROMO partners with Square and Olo to offer better restaurant services

VROMO, a dedicated software provider for restaurant food delivery services has reportedly partnered with U.S.-based leading food ordering platform Olo as well as Square Inc., a merchant service aggregator, financial services and digital payments comp...

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Chevron Corp. invests in Swedish geothermal developer Baseload Capital

American multinational energy conglomerate Chevron Corporation has announced to have made significant investments in Baseload Capital AB, a Swedish private investment company that specializes in producing geothermal energy. Sources with relevant inf...

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Acclime acquires CoSec Corporate Services, boosts presence in Australia

Asia’s leading corporate solutions provider Acclime has recently announced to have acquired CoSec Corporate Services, a company which specializes in assisting foreign clients enter and operate in Australia. Sources close to the matter stateda ...

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Twitter rolls out new ‘hacking’ label, fails to prove reliability

According to credible sources, Twitter has recently started to append a warning label to some tweets about materials ‘obtained through hacking’. This label is popping up on some news stories that Twitter believes have some form of associa...

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IT Security firm Kaseya buys RocketCyber to offer SOC solutions

Ireland-based Kaseya has reportedly announced the acquisition of security platform RocketCyber to boost its IT Complete Security Suite. Notably, the acquisition of RocketCyber that has built a cloud-agent security operations center which does not req...

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Taiwan’s economy to register stellar growth amidst global tech demand

Reportedly, Taiwan’s economy, praised for its effective handling of the Covid-19 pandemic which has swarmed most of the world, is set to grow at its fastest pace in seven years in 2021 as global demand for technology products surges. Sources c...

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Larsen & Toubro bags huge ‘energy’ contracts within and beyond borders

Indian multinational technology, engineering, construction, manufacturing, and financial services conglomerate Larsen & Toubro, reportedly, on Monday, stated that its power transmission and distribution business has snagged large contracts domest...

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Egyptian magnate to takeover Signature Aviation for USD 4.7 billion

Nassef Sawiris currently holds a considerable portion of Signature Aviation shares. Rival bidders Blackstone and GIP had teamed up and increased their takeover bid to around USD 5.62-per-share. Nassef Sawiris, an Egyptian magnate is reportedly p...

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Google to release built-in screen recorder for Chrome OS in March

Following the proliferating sales of Chromebooks for remote meetings and schools in 2020, American multinational technology giant Google LLC has announced its plans of adding a built-in screen recorder to its Chrome OS in March this year. The compan...

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Rhenus Air & Ocean buys BLG International Forwarding to expand in Germany

Global Air Freight solutions provider- Rhenus Air & Ocean is strengthening its position across Germany through the planned takeover of the forwarding business of logistics firm BLG International Forwarding GmbH & Co. KG. For the record, thro...

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WHO grants EUA to AstraZeneca’s COVID-19 vaccine, shares soar by 6%

AstraZeneca COVID-19 vaccine has received approval in over 50 countries. AstraZeneca vaccine is the second to be issued by the UN health agency, with Pfizer-BioNTech being the first. Shares of AstraZeneca plc soared by 6% after the World Health...

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Onelife Nutriscience raises capital from Wipro Consumer Care Ventures

Legacy consumer companies have been showing a growing interest in healthcare brands since the COVID-19 outbreak in 2020. One such company, Wipro Consumer Care and Lighting has announced that its venture capital arm, Wipro Consumer Care Ventures, has ...

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KreditBee secures USD 75 million through Series C funding round

Indian digital lending company KreditBee has reportedly secured USD 75 million funds through a Series C funding round which was led by PremjiInvest and South Korea-based Mirae Asset Financial Group. The equity round also involved the participation o...

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BharatPe secures USD 108 million funds, moves closer to unicorn status

The fintech company has moved closer to the unicorn status. BharatPe intends to secure an additional USD 100 million in the upcoming months.  Indian fintech startup BharatPe has reportedly secured USD 108 million through a Series D funding ...

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Wavemaker launches AI platform ‘Maximize’ to boost audience reach

The platform has already started delivering results, producing media plans that are 30% more effective for clients Artificial Intelligence (AI) is steadily gaining grip in almost all business sectors. From manufacturing to healthcare, AI is helping ...

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EU informs Apple to treat all apps evenly amidst privacy dispute

American multinational technology giant Apple Inc. has reportedly been warned by European Union’s antitrust chief Margrethe Vestager to give equal treatment to all apps on its platform. The recent development comes before Apple’s imminen...

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Marriott partners with Verizon Media to settle in with the new normal

Following the severe monetary repercussions amidst the COVID-19 pandemic and the subsequent lockdowns, premier hospitality brand Marriott International is reportedly revisiting its media strategy by partnering with Verizon Media, a subsidiary of Veri...

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Hyundai, Kia’s refusal to develop Apple car send shares crashing down

South Korean automotive giant Hyundai Motors Co. reportedly, on Monday, said that talks for a deal with Apple Inc. on autonomous electric cars have fallen off, a month after its early-stage talks with the tech giant, wiping USD 2.4 billion of its mar...

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Amazon planning to introduce AI-powered cameras in its delivery vans

American multinational technology company Amazon.com Inc. is reportedly planning to integrate AI-based video cameras in its branded delivery vans. This will allow the e-commerce retailer to improve the safety of the driver as well as the communities ...

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Fintech startup Routefusion lands $3.6 million in seed funding round

Austin-based fintech startup, Routefusion has successfully bagged a $3.6 million seed fund led by venture capital firm Silverton Partners along with other participants such as NextWorld Capital, Initialized Capital and Plaid ...

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Spotify finally introduces a music streaming service in South Korea

Reportedly, Spotify had initially launched its first K-pop playlist back in 2014, offering the genre worldwide recognition and helping lay the foundation for ushering an era of superstars such as BTS and BLACKPINK. The Swedish-based streaming company...

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Sumo Group acquires Poland-based PixelAnt to expand regional presence

England-based video game and entertainment company Sumo Group, which has developed games for big names such as Sega, Sony, and Microsoft, is reportedly acquiring Poland-based PixelAnt Games for an initial cash consideration of about USD 3,42,375 (&po...

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Grab to use USD 2 billion loan funding to expand its regional services

Singapore-based multinational ride-hailing company Grab Holdings Inc. has reportedly secured USD 2 billion from its recently conducted loan funding. Touted as the highest institutional debt in Asia’s technology sector, the company intends to us...

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Reckitt Benckiser leads USD 6.1 million investment in Bombay Shaving Co.

Indian grooming startup Bombay Shaving Co. has reportedly secured USD 6.1 million in a funding round led by British multinational consumer goods giant Reckitt Benckiser. The news comes after the intensifying competition in new age consumer brands sec...

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Sila Nanotechnologies raises $50Mn, to set up battery-materials facility

California-based battery materials firm- Sila Nanotechnologies has raised USD 50 million in fresh funds, pushing its valuation to USD 3.3 billion. Reportedly, the Series F funding round was headed by Coatue and saw the participation of T. Rowe Price...

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Clubhouse achieves unicorn status following Andreessen Horowitz funding

Clubhouse, Silicon Valley's audio-based social media platform, has reportedly raised an undisclosed capital in a Series B funding round which was led by Andreessen Horowitz, an American venture capital company. Sources with knowledge of the matt...

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Foxconn to develop USD 270 million manufacturing plant in Vietnam

Taiwanese multinational electronics contract manufacturer Foxconn Technology Group has reportedly received a license from the Vietnamese Government to develop a USD 270 million manufacturing plant to produce tablets and laptops. The news comes amidst...

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Mytheresa goes public in United States, becomes USD 2.2 billion company

German online luxury retailer Mytheresa has reportedly secured USD 406.8 million during its initial public offering (IPO) in the United States. The company has now reached a valuation of USD 2.2 billion following the successful IPO. Sources confirme...

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EBRD grants €26Mn loan to construct two wind farms in Poland

In a bid to accelerate Poland’s efforts to move to green energy, the European Bank for Reconstruction and Development (EBRD) has reportedly initiated the construction of two new wind farms across the region. In a statement by the bank, the EBR...

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Turkey to impose advertisement ban on Twitter, Periscope and Pinterest

Reportedly, Turkey’s cosmopolitan capital Ankara has enforced a ban on advertisements on social media platforms such as Twitter, Periscope, and Pinterest after failing to appoint a local representative as per the country’s new social medi...

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Total acquires 20% minority stake in Adani Green Energy for USD 2.5 bn

One of the largest oil company Total SE has been making significant headlines after announcing its ambition of reaching net-zero carbon by the year 2050. As a part of this effort, the French multinational integrated oil conglomerate has reportedly ac...

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Groupe PSA and Fiat Chrysler merge to create new automotive behemoth

In a long-awaited announcement, Italian-America multinational automaker Fiat Chrysler Automobiles N.V. and French multinational automotive & motorcycle manufacturer Groupe PSA, have reportedly combined to develop a new automotive giant called Ste...

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McDonald’s to implement eco-friendly packaging solutions by 2025

American fast-food company, McDonald’s Corporation, reportedly intends to remove all poly-fluoroalkyl substances (PFAS) in its food packaging processes by 2025. The announcement comes after a study conducted by environmental advocacy groups whi...

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Walmart teams up with Ribbit Capital to launch a new fintech startup

American multinational retail corporation Walmart Inc. has reportedly partnered with Ribbit Capital, a global venture capital firm, to launch a new fintech startup to introduce reasonably priced financial products for its clients and employees. The ...

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Signal downloads to cross 1 million as users seek WhatsApp alternative

Following high concerns over WhatsApp’s recent change in the privacy policy, another cross-platform encrypted messaging service Signal is reportedly on track to surpass 1 million downloads. Around 810,000 users across the globe have installed S...

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Chinese fitness app Keep nabs USD 360 million; SoftBank lead investor

Keep, a Chinese fitness app developed and launched by Beijing Calories Technology Co. Ltd., has reportedly added USD 360 million to its kitty in its Series F round which was led by SoftBank Group Corp. Sources present at the event cited that Beijing...

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NCR Corp. acquires Freshop to expand its grocery e-commerce footprint

American leading software solutions provider NCR Corporation has reportedly acquired Freshop, one of the prominent companies in grocery e-commerce. Sources with relevant information stated that NCR will be able to help grocers capitalize on the growi...

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Cox acquires Dickinson Fleet Services; to expand Pivet fleet services

The acquisition would expand the geographic reach and capabilities of Cox Automotive’s Pivet fleet optimization and services marketspace. Dickinson’s expert mobile repair services is anticipated to be a foundation stone for Pivet&rsqu...

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Google, Snap Inc. to make heavy investments in Indian startup ShareChat

One of ShareChat’s key investors is the American microblogging platform Twitter. ShareChat’s upcoming Series E funding round is slated to be larger than USD 200 million. Bangalore-based social media platform ShareChat is in talks of ...

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Mirae Asset launches India-focused fund to support early stage startups

Mirae Asset Financial Group, a South Korean financial services company, is reportedly setting up an early stage-focused fund for startups in India. The funds will operate independently, and the decision making will be led by an Indian team, cited sou...

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Will COVID-19 health crisis trigger the consumption of non-alcoholic beers?

The consumption of alcoholic beers is on a rise, but people have realized the adverse effects it has been causing to their health, prompting them to shift their interests toward non-alcoholic beer consumption. In fact, the count of people opting for ...

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Concentric buys Allied Enterprises to expand its pump product offerings

The entire transaction was conducted on a USD 11.7 million cash and debt free basis. The acquisition could provide the two companies considerable cross selling opportunities. Sweden-based hydraulics technology company Concentric AB has reportedl...

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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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Turvo and SEND team up to improve SEND’s operational efficiency

Turvo, a leading developer of collaborative logistics software that is designed for international supply chains, has reportedly inked a new partnership deal with SEND, a leading transportation provider. The strategic partnership would give SEND bette...

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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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AVANGRID to take over New Mexico’s largest utility firm PNM Resources

Mounting concerns regarding the environment and climate change have led to a major shift from conventional energy to renewable and clean power generation. Consequently, the role of utilities in delivering green energy is also evolving.  As per ...

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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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Blackberry & ServiceNow teams up to integrate AtHoc in Now Platform

BlackBerry, the renowned Canadian software company, has reportedly announced a new collaboration with ServiceNow, an American software firm, to add the BlackBerry AtHoc service into the Now platform for IT service management and rapid crisis communic...

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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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Singapore seeking proposals for harbourcraft electrification

The Singapore government, is reportedly looking for proposals for electrification of harborcrafts, small harbor boats, that typically use oil as fuel and operate only inside the country’s waters. These vessels are generally used to move a small...

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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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Dairying firm Fonterra Brands acquires RFG’s subsidiary Dairy Country

RFG (Retail Food Group), a renowned café and restaurant franchise firm, has reportedly sold Dairy Country, its dairy manufacturing and processing unit, to Fonterra Brands, a New Zealand based dairying company. Peter George, RFG executive chai...

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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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