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Pankaj Singh

Pankaj Singh

Endowed with a post graduate degree in management and finance, Pankaj Singh has been a part of the online content domain for quite a while. Having worked previously as a U.K. insurance underwriter for two years, he now writes articles for fractovia.org and other online portals. He can be contacted at- [email protected] | https://twitter.com/PankajSingh2605

Contribution by Pankaj Singh

IBM joins Stronghold in launching an FDIC-backed stable digital token

Published Date: 2018-07-18         Author: Pankaj Singh

Stronghold, a cryptocurrency startup, made an announcement on Tuesday introducing USD Anchor, a stablecoin which will run on Stellar’s blockchain platform and apply its consensus mechanism to validate transactions. USD Anchor will be backed one-for-one with U.S. dollars and held by Nevada-base... Read More

Booking Holdings pours in $500 million in China’s Didi Chuxing

Published Date: 2018-07-18         Author: Pankaj Singh

China’s largest ride-hailing company, Didi Chuxing has added some strategic capital to its business after Booking Holdings, a travel industry magnate, made a $500 million investment in the company. According to the deal, Booking Holdings which was previously known as Priceline will work closel... Read More

Trump's tariffs put Volvo Cars’ production in imminent jeopardy

Published Date: 2018-07-21         Author: Pankaj Singh

Swedish carmaker Volvo has reportedly made it to the headlines for its investment plan worth $1.1 billion in the U.S. that could fall in potential danger in the midst of the tensions in global trade. According to reports, Håkan Samuelsson, the CEO of Volvo cars has immediate ordered for a &lsq... Read More

Alibaba gears up for expansion into the advertising & media industry

Published Date: 2018-07-23         Author: Pankaj Singh

Alibaba, the Chinese e-commerce giant will apparently pay around USD 2.23 billion for a 10% stake in the digital advertising company Focus Media. Incidentally, Focus media runs screens in elevators & subways across China, claim authentic sources. As per reports, Alibaba is considering investi... Read More

CityJet gives the nod of approval to merge with Spain’s Air Nostrum

Published Date: 2018-07-23         Author: Pankaj Singh

Dublin based CityJet has agreed to merged with Spain’s Air Nostrum to form what will supposedly be Europe’s biggest regional carrier. The two companies have just struck a deal to operate as a new holding company, though they would continue working as separate units. According to sources,... Read More

NTUC FairPrice unveils new green initiative to curb plastic bag use

Published Date: 2018-07-25         Author: Pankaj Singh

NTUC FairPrice, a supermarket chain based in Singapore has reportedly declared the launch of a new initiative called ‘FairPrice Plastic Bag Management Programme’, that will drastically reduce the use of plastic bags. The programme was developed after a review conducted this year and appa... Read More

UK-based chip design subsidiary all set to acquire Treasure Data Inc.

Published Date: 2018-07-31         Author: Pankaj Singh

British computer chip designer ARM Holdings Plc has reportedly agreed to purchase the U.S. based Treasure Data Inc. The data analytics firm located in Mountain View, California might collect around $600 million in sale value, as per reliable sources who chose to remain anonymous citing the fact that... Read More

Gemalto and Entrust join hands to raise IoT security benchmarks

Published Date: 2018-08-02         Author: Pankaj Singh

Digital security leader Gemalto and Entrust Datacard, a pioneer in providing trusted identity to secure transactional technology solutions, reportedly announced an expansion of their continued partnership to include a secured framework for internet-connected products. As per sources, this extende... Read More

SoftBank Vision Fund eyes Zomato & Swiggy for a potential investment

Published Date: 2018-08-06         Author: Pankaj Singh

Japanese corporation SoftBank is reportedly planning to invest in one of India’s two foremost food delivery companies, Zomato and Swiggy. According to sources close to the matter, Zomato’s talks with Softbank Vision Fund has advanced further than Swiggy’s and it could probably rais... Read More

Alibaba to take on competition by merging food delivery businesses

Published Date: 2018-08-08         Author: Pankaj Singh

The Chinese e-commerce giant Alibaba Group is considering merging its food delivery units and raising funds for the conjoined entity. Sources claim that the decision is set to intensify the competition between Alibaba and online to offline service platform Meituan Dianping to lead the nation’s... Read More

WeWork to receive additional funding of US$1 billion from SoftBank

Published Date: 2018-08-12         Author: Pankaj Singh

WeWork Co. will reportedly be getting another US$1 billion from the Japanese multinational firm Softbank Group Corp. and the investment will be in the form of convertible notes. Sources claim that WeWork’s expenses are increasing as its business is gaining momentum, on the grounds of which Sof... Read More

Arizona to witness Kroger’s first autonomous grocery delivery service

Published Date: 2018-08-19         Author: Pankaj Singh

Kroger, the grocery giant, has reportedly entered into a collaboration with technology solution provider Nuro to test grocery delivery through self-driving cars. According to sources, residents of Scottsdale, Arizona will be the first recipients of autonomous deliveries from Fry’s Food Stores,... Read More

Atlas Protocol secures seed investment backed by SoftBank and Baidu

Published Date: 2018-08-23         Author: Pankaj Singh

Atlas Protocol has reportedly raised an undisclosed investment amount from its seed funding round led by SoftBank China Venture Capital. The funding is also backed by Baidu Ventures, Fenbushi Digital, and Danhua Capital. As per sources, investors recognized that Atlas Protocol would disrupt the c... Read More

Apple’s proposal to buy Shazam may win EU antitrust approval

Published Date: 2018-08-24         Author: Pankaj Singh

Apple Inc., one of the world’s largest IT companies, is expected to win unconditional EU antitrust approval for its proposed acquisition of Shazam. Headquartered in London, the music discovery app boasts of about 300 to 400 million users annually, as per early 2018 reports. As per sources f... Read More

Novartis announces Kymriah’s EU approval for blood cancer treatment

Published Date: 2018-08-27         Author: Pankaj Singh

Novartis International AG has reportedly announced that it has received approval for its cancer therapy called Kymriah, issued by the European Commission. The approved gene-modifying treatment will be used initially to treat young adults up to 25 years of age suffering with B-Cell acute lymphoblasti... Read More

Alipay looks to expand cashless services in Japan before 2020 Olympics

Published Date: 2018-09-05         Author: Pankaj Singh

The leading mobile payments platform, Alipay, recently announced plans for collaborating with several Japanese partners to improve the cashless experience for tourists visiting Japan, especially during the Tokyo Olympic Games in 2020. Citing reliable sources, the company aims to merge with the local... Read More

UMS SKELDAR, Airflite join hands to offer MRO services for rotary UAVs

Published Date: 2018-09-05         Author: Pankaj Singh

UMS SKELDAR, a joint venture between UMS AERO Group and Saab, recently signed a Memorandum of Understanding (MoU) with Australia’s leading aviation related service provider Airflite, at the LAND FORCES 2018, Adelaide. As per the agreement, Airflite will provide maintenance, repair and overhaul... Read More

Sprint and Ericsson join forces to build 5G-ready IoT network and OS

Published Date: 2018-09-06         Author: Pankaj Singh

American telecommunications company, Sprint has reportedly announced a partnership with networking giant Ericsson for building a virtualized core Internet of Things (IoT) network and an operating system (OS).      Ivo Rook, senior vice president, Sprint, said that the new IoT ... Read More

Walmart Canada to buy additional 30 Tesla Semis to cut down on diesel

Published Date: 2018-09-09         Author: Pankaj Singh

Walmart Canada has reportedly ordered more Tesla semi-trucks to reduce diesel consumption, as it plans to have its entire fleet powered by sustainable energy by 2028. The U.S. based retail giant will be buying 30 of Tesla’s 18-wheeler semis for its Canadian subsidiary, in addition to the 10 or... Read More

Shell to invest $200m on campus for expanding operations in the Hague

Published Date: 2018-09-11         Author: Pankaj Singh

Netherlands based oil giant Shell is reportedly planning to announce a €200m investment in The Hague, to develop a new campus on the site of its current headquarters. Citing reliable sources, the oil company simultaneously wants to create jobs through its New Energies division, which will also ... Read More

Senvion signs 80MW contract with Heritage Sustainable Energy in U.S.

Published Date: 2018-09-12         Author: Pankaj Singh

Leading manufacturer of onshore and offshore wind turbines, Senvion has recently signed an 80 MW agreement with the Michigan based renewable energy provider Heritage Sustainable Energy, for the supply and delivery of Garden II. The first 20 MW is apparently confirmed, followed by a conditional 60 MW... Read More

UK-Texas collaboration to offer new growth prospects in life sciences

Published Date: 2018-09-14         Author: Pankaj Singh

The Texas Medical Center (TMC), which is home to the US’ leading cancer hospital and a total of 61 world leading innovators, will now offer a unique package to UK companies that will help boost innovations in life sciences and drive exports. Supposedly, the partnership will enable research col... Read More

Innate Pharma and AstraZeneca extend oncology development partnership

Published Date: 2018-10-24         Author: Pankaj Singh

Innate Pharma SA has reportedly announced a multi-term agreement with AstraZeneca and its global biologics research and development subsidiary, MedImmune. Innate looks to building on an existing collaboration to accelerate the oncology portfolio of each company and bring new medicines to patients fa... Read More

Travelport, IBM partnership to develop innovations for travel industry

Published Date: 2018-10-25         Author: Pankaj Singh

Leading travel commerce platform Travelport has recently made an announcement saying it is expanding its existing partnership with IBM for developing innovations that would disrupt the travel industry. The company said it had completed a proof of concept for streamlining the validation, distribution... Read More

Daimler and Geely join forces to set up ride-hailing service in China

Published Date: 2018-10-26         Author: Pankaj Singh

German automobile company Daimler is reportedly setting up a ride-hailing joint venture with Geely Group in China, a move that could help the Chinese firm build close relations with the Mercedes-Benz brand owner. Li Shufu, Chairman of Geely, had taken up a 9.69% stake in Daimler earlier in the year,... Read More

SP Group unveils blockchain based platform for trading green credits

Published Date: 2018-10-29         Author: Pankaj Singh

SP Group has announced the launch of a digital marketplace for small solar energy producers in Singapore, that is built using blockchain technology and will link up buyers and sellers of green credits to ensure fast, safe and transparent transactions. Unveiled at the Asean Energy Business Forum, onl... Read More

Waymo obtains permit for testing fully driverless cars in California

Published Date: 2018-10-31         Author: Pankaj Singh

Waymo has reportedly become the first company in California to receive permission for testing fully driverless cars on public roads, after the state DMV granted it the necessary permit. If sources are to be believed, the vehicles would not even have an observer during the tests. Apparently, the s... Read More

Ikea plans to launch additional outlets of its smaller format in UK

Published Date: 2018-11-04         Author: Pankaj Singh

Swedish furniture giant Ikea would reportedly look to roll out more outlets of its smaller city center store format, after it saw a positive response to the first outlet in London, said sources familiar with the matter. Ikea’s smaller store concept allows customers to discuss home décor... Read More

FuelCell to buy $36.6m Bridgeport fuel cell park from Dominion Energy

Published Date: 2018-11-07         Author: Pankaj Singh

FuelCell Energy, Inc. has confirmed that it has signed an agreement to acquire the existing Bridgeport fuel cell park in Connecticut from Dominion Energy. FuelCell Energy had apparently developed, constructed and commissioned the 14.9 MW capacity Bridgeport fuel cell park in December 2013. Accord... Read More

Foodpanda’s new option allows customers to pick-up restaurant orders

Published Date: 2018-11-08         Author: Pankaj Singh

Foodpanda, the global meal delivery service has recently confirmed the launch of Pick-Up, a new option that will let customers order their meals through the foodpanda website or app and pick up their orders from the restaurants themselves. Apparently, foodpanda will become the only food delivery pla... Read More

Grab partners with Kasikornbank to launch mobile wallet in Thailand

Published Date: 2018-11-10         Author: Pankaj Singh

Ride-hailing company Grab recently made an announcement confirming that it has entered into a strategic partnership with Kasikornbank (KBank), the Thai lender, to bring its mobile wallet GrabPay and other related financial services into Thailand by early 2019. GrabPay, a co-branded mobile payment ap... Read More

IBM looks to boost scientific research using blockchain technology

Published Date: 2018-11-12         Author: Pankaj Singh

U.S. information technology giant IBM is reportedly planning to apply blockchain technology to help scientific research and to make available a record of its results. Sources with the knowledge of the matter informed that the company has recently filed a new patent application with the U.S. Patent a... Read More

Cipla agrees to buy U.S.-based Avenue Therapeutics in a $215m deal

Published Date: 2018-11-14         Author: Pankaj Singh

Pharmaceutical drug giant Cipla recently confirmed that its U.S.-based subsidiary, InvaGen Pharmaceuticals, Inc. has signed definitive agreements for acquiring specialty pharmaceutical company Avenue Therapeutics, also from the U.S. The deal is reported to be valued at US$ 215 million (approx. Rs 1,... Read More

UK supermarkets issue recall for items reported to pose health risks

Published Date: 2018-11-19         Author: Pankaj Singh

Reports confirm that major supermarkets including Asda, Lidl, Sainsbury’s, Tesco and Waitrose have discovered problems with some food items they sell which could mean a health risk for consumers. Customers are being asked to return these items to the stores for a full refund, said sources fami... Read More

Communications firm Telstra all set to introduce 5G devices in H1 2019

Published Date: 2019-01-11         Author: Pankaj Singh

It’s likely that Telstra may be the only Australian telco to sell 5G phones in the first half of the year. Telstra Corp Lt. Australia’s largest telecom firm, has apparently rung in the New Year with plans to soon roll-out smartphones compatible with 5G. The company’s chief execu... Read More

NFC Forum inks IoT deal with AIM, extends auto partnership with JasPar

Published Date: 2019-01-25         Author: Pankaj Singh

The global advocacy and standards association for Near Field Communication (NFC) technology, the NFC Forum, has recently announced that it has signed an IoT liaison agreement with AIM. Apparently, the association has also extended an ongoing partnership with the Japan Automotive Software Platform an... Read More

Siemens, Alstom offer new merger concessions to competition watchdogs

Published Date: 2019-01-28         Author: Pankaj Singh

Siemens and Alstom have reportedly offered new concessions in an attempt to meet antitrust demands and getting the green light for their plans of merging into a joint European rail champion. However, there is no certainty that this package’s content would be sufficient for alleviating the conc... Read More

Tencent to support startups in Hong Kong for development of fintech

Published Date: 2019-01-31         Author: Pankaj Singh

Tencent will also look to boost innovations in robotics, artificial intelligence and health tech in the city Tencent Holdings, the major tech corporation based out of China, has committed to working with the Hong Kong government to boost the growth of fintech in the city. Tencent will reportedly ... Read More

IMC Health confirms acquisition of two managed care practices in Miami

Published Date: 2019-02-01         Author: Pankaj Singh

IMC Health will look to continue making strategic acquisitions for driving growth. A portfolio company of Athyrium Capital Management and Comvest Partners, IMC Health Medical Centers, has recently announced that the company has acquired Primary Provider, Inc., a primary care practice, and Sunset ... Read More

Shell to roll out charging stations for electric vehicle across Mzansi

Published Date: 2019-02-11         Author: Pankaj Singh

The number of charging stations to be installed would depend upon the demand generated by the nation’s EV users.   The company is one of several oil firms in South Africa that are adapting to the changes coming in the automotive industry. Royal Dutch Shell (Shell), a renowned ... Read More

Biome signs MoU to acquire low-cost Cannabidiol from CBD Acres

Published Date: 2019-02-13         Author: Pankaj Singh

Biome Grow Inc., the cannabis industry major based in Canada, has reportedly entered into an MoU (Memorandum of Understanding) in a bid to provide the company with access to low-cost, high-quality CBD (cannabidiol) extract from the industrial hemp manufacturer, CBD Acres Manufacturer Inc.  A... Read More

Instagram glitch causes follower counts to reduce by millions

Published Date: 2019-02-15         Author: Pankaj Singh

Instagram has reportedly announced that it is investigating the glitch which is causing some of its most popular accounts to lose millions of followers. As per trusted sources, several popular YouTube creators have experienced big drops in their follower counts apart from mainstream celebrities. ... Read More

Google Chrome to help users keep track of Incognito browser tabs

Published Date: 2019-02-18         Author: Pankaj Singh

The tech giant is modifying the API entirely to work under Incognito, primarily by storing files in RAM Tech giant Google is reportedly planning to remove the ability for websites to detect Chrome Incognito mode and would make it easier for users to keep track of the number of Incognito tabs that... Read More

Lyft intends to launch roadshow week starting March 18 for planned IPO

Published Date: 2019-02-22         Author: Pankaj Singh

Lyft is reportedly preparing to launch the financial roadshow for its planned initial public offering (IPO) during the week of March 18. With this IPO, Lyft would become the first ride-hailing company from the U.S. to debut on the stock market. Sources familiar with the issue declared that Uber T... Read More

Automotive Gesture Recognition Technology: The Next Level in Road Safety

Published Date: 2019-02-26         Author: Pankaj Singh

The growing sales of luxury cars having advanced safety and comfort features have fueled the development of the automotive gesture recognition market, as automakers seek to incorporate more technologies for improving overall driving experience. Gesture control not only makes using various in-built s... Read More

Rubber processing chemicals industry to exhibit an accelerated growth rate from tire manufacturing applications to 2025, surging automobile production to fuel the industry landscape

Published Date: 2019-02-26         Author: Pankaj Singh

Owing to the ceaseless demand for automobiles over the past three decades, the global rubber processing chemicals industry has witnessed rapid development, specifically from the tire manufacturing segment. A rather fast moving vertical, tire manufacturing involves continuous utilization of chemicals... Read More

Cymulate’s BAS platform bags $7.5M in Series A financing round

Published Date: 2019-03-15         Author: Pankaj Singh

The investment will be used to expand Cymulate’s U.S. operations and to enhance its platform’s functionality. Israel-based cybersecurity firm, Cymulate Ltd. has recently raised around $7.5 million in a Series A financing round led by Dell Technologies Capital and Vertex Ventures ... Read More

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