MARKET TRENDING NEWS

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

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

U.S. based energy company, Entergy Mississippi, Inc. has signed a deal with a Canadian energy company to construct solar energy farm of 100 MW capacity. This will be one of the largest utility-owned solar energy firms in the state. The Mississippi Public Service Commission hasn’t provided sanc... Read More

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

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

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

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

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

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

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