This is the third biggest investment for the company, following the $500 million and $700 million funding round this year. Rivian Automotive, an American automaker specialized in developing sustainable transport, has managed to secure $350 million from Cox Automotive, an Atlanta-based a... Read More

The acquisition would benefit the Leboncoin Group, subsidiary of Adevinta, to bolster its dominance on the French automobile market. The deal is expected to be closed by the end of October 2019. Adevinta, a renowned online classifieds company, has recently announced that it has inked... Read More

The successful completion of the Compliance Certification offers PLDA’s PCIe designer immense assurance, with the company’s XpressRICH IP ticking every checkbox required in the PCIe 4.0 and PCIe 3.0. PLDA SAS, the market expert in data interconnect solutions and PCI Express® IP, r... Read More

DP World UAE Region is conducting a seminar in FoodPro’s 13th edition, the biggest F&B event in India, with CII as an element of its “India-UAE Bridge”.   The economic relations of the two countries have grew stronger due to the trade, which exceeded over $60 billio... Read More

Fox Corp., an American television broadcasting company, has reportedly announced the acquisition of Bento Box Entertainment, an animation studio and creator of the popular sitcom Bob’s Burgers. Seemingly, the financial terms were not disclosed yet, while the acquisition was rumored to be at a ... Read More

Reports confirm that Tesco, the U.K. supermarket giant, has recently announced that around 4,500 jobs at 153 Tesco Metro stores are about to be lost as part of the firm’s recent round of redundancies. Apparently, the largest grocer in the UK stated that it is changing the way the stores operat... Read More

Elastic N.V. will focus on enabling its customers in Japan to adopt cloud computing. Elastic N.V., a search company that builds self-managed and SaaS offerings, has recently announced that its search engine Elasticsearch Service is now available in Tokyo. According to reports, the move would mark... Read More

Soldo will use the recent investment to expand across the U.K., Ireland and Italy, It also plans to enter new European markets and double its workforce over the next 12 months. Soldo Financial Services Ltd., a British fintech startup working to streamline businesses expense management... Read More

Trukkin, a Dubai-based techno-logistics transportation firm collected over $3.5 million in a recent funding round. The firm plans to scale up its services across the Gulf Cooperation Council (GCC), cites source. For the record, launched in 2017, Trukkin provides digital solutions to long-haul tru... Read More

Royal Dutch Shell’s India unit has recently announced that the company has opened its first lubricant laboratory in Bengaluru, its technological center. The company plans to expand its Research and Development (R&D) efforts for the country, as well as internationally, reports source. Sh... Read More