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Paroma Bhattacharya

Paroma Bhattacharya

Paroma Bhattacharya, having completed her post-graduation in Journalism and Mass Communication, started her career in writing with resourceful and informative content development across diverse fields. Having dealt in myriad topics ranging from business to real estate, she now pens down articles for fractovia.org and other portals. She can be contacted at- [email protected] | https://twitter.com/paromab1

Contribution by Paroma Bhattacharya

PayU acquires Zooz to explore international payment services

Published Date: 2018-07-25         Author: Paroma Bhattacharya

Leading financial services provider PayU has acquired the Israel based ZOOZ in an effort to expand its global reach across the rapidly developing geographical areas. Reportedly, PayUA, a fintech and electronic-payment arm of one of the largest technology investors in the world – Naspers, has c... Read More

Ele.me aims to capture a larger chunk of China food delivery market

Published Date: 2018-07-26         Author: Paroma Bhattacharya

Ele.me, an online food delivery platform reportedly plans to seize at least 50% of China’s food delivery market in the short term. The company has kicked off a major growth-oriented push, driven by a summer campaign of RMB 3 billion. The campaign includes new promotions and red packets and is ... Read More

Ford’s self-driving cars to shift under Ford Autonomous Vehicles

Published Date: 2018-07-27         Author: Paroma Bhattacharya

Ford Co. recently announced that its autonomous vehicle business will be separated into a new organization and will be based in the automaker’s Corktown campus. Ford is apparently investing $4 billion into this initiative by 2023. Reports claim that Ford Autonomous Vehicles will incorporate... Read More

IBM wins patent fight with Groupon, $82.5 million awarded by U.S. jury

Published Date: 2018-07-30         Author: Paroma Bhattacharya

International Business Machines (IBM), the American multinational technology company has been awarded $82.5 million by a U.S. jury after it found Groupon Inc. to have infringed four e-commerce patents of IBM. For the record, IBM is a holder of more than 45,000 patents and the recent verdict came ... Read More

Amazon signs £600 million deal to supply public sector in Yorkshire

Published Date: 2018-07-30         Author: Paroma Bhattacharya

Amazon having acquired its first significant public-sector contract in the UK has seemingly launched a compulsive incursion into the country’s public-sector procurement industry with an approximately £600 million deal. Through this agreement, the e-commerce giant will be selling every ba... Read More

Campbell ties up with Microsoft to transform its IT platform via Azure

Published Date: 2018-08-01         Author: Paroma Bhattacharya

Tech giant Microsoft will reportedly be helping Campbell Soup Company to modernize its IT department with the help of Azure cloud. Azure will be supplying Campbell – by workflow streamlining & driving efficiencies – an improved business agility through global hybrid cloud-based solut... Read More

Coles backflips on plastic bag ban, environmentalists enraged

Published Date: 2018-08-03         Author: Paroma Bhattacharya

Australian supermarket, Coles, has recently announced that it will offer free reusable plastic bags to all its customers indefinitely. The announcement comes on the heels of its observation that the supermarket’s customers were facing issues getting accustomed to bringing their worn reusable b... Read More

RadNet & EmblemHealth unite to provide diagnostic imaging services

Published Date: 2018-08-06         Author: Paroma Bhattacharya

RadNet, an American radiology firm providing high-quality outpatient diagnostic imaging services affirmed that along with its newly formed partner Lenox Hill IPA LLC it has entered into a capitation agreement with EmblemHealth. The agreement apparently aims to make diagnostic imaging services availa... Read More

Mashreq Bank expands deal with Alipay to assist Chinese tourists

Published Date: 2018-08-06         Author: Paroma Bhattacharya

Mashreq Bank, one of the oldest privately-owned banks of the UAE recently announced its plan of expanding partnership with Alipay, the Chinese mobile payments provider. Mashreq Bank expects its retailers to grow from 150 at present to 1000 with the next three months due to the influx of Chinese visi... Read More

FCA files complaint against Mahindra to block Roxor’s product import

Published Date: 2018-08-07         Author: Paroma Bhattacharya

Fiat Chrysler Automobiles (FCA), the world-renowned auto manufacturer and seller, recently filed a complaint with the U.S. International Trade Commission alleging the Indian auto manufacturer Mahindra & Mahindra of producing a vehicle that has uncanny similarity with FCA’s iconic Jeep. ... Read More

ComfortDelGro unveils aggressive expansion plans in Australia

Published Date: 2018-08-09         Author: Paroma Bhattacharya

One of the largest land transport companies in the world, ComfortDelGro has reportedly announced an investment of A$134.45 million in Australian bus companies and depots as a part of its expansion plan in the country. ComfortDelGro stated in a news release that it had acquired Forest Coach Lines,... Read More

Suncorp sells life insurance arm, plans to return cash to shareholders

Published Date: 2018-08-10         Author: Paroma Bhattacharya

Suncorp Group Limited, an Australian finance, insurance, and banking corporation company recently announced plans to offload its life insurance arm to TAL Dai-ichi Life of Japan for A$725 million. In addition, it also plans to return about A$600 million to its shareholders after the sale by the end ... Read More

Siemens uses AM to 3D print emission reducing combustion component

Published Date: 2018-08-10         Author: Paroma Bhattacharya

Siemens, one of the largest industrial manufacturers in Europe recently announced to having attained a milestone as the company has 3D printed a combustion component. The dry low emission pre-mixer has been designed for the SGT-A05 aeroderivative gas turbine and is claimed to significantly reduce CO... Read More

CK Infrastructure to take over Australia’s gas pipeline firm APA Group

Published Date: 2018-08-14         Author: Paroma Bhattacharya

APA Group, the biggest gas pipeline company of Australia announced the acceptance of a A$12.98 billion takeover deal offered by a consortium led by CK Infrastructure of Hong Kong. Once the buyout materializes, CKI will gain the position of being a noted competitor in the east coast gas pipeline netw... Read More

Lee and Wrangler to be spun off as VF Corp makes a move to Denver

Published Date: 2018-08-14         Author: Paroma Bhattacharya

VF Corp., the renowned American apparel and footwear company, has recently announced that its Lee and Wrangler jeans will soon be spun off as an independent public company as VF Corp will be focusing more on its other brands such as North Face and Vans that have proved to be more profitable. Repo... Read More

China Literature takes over New Classics Media for $2.25 billion

Published Date: 2018-08-15         Author: Paroma Bhattacharya

China Literature, the e-books unit owned by Tencent Holdings, the Chinese internet giant recently announced that it will be acquiring film and TV studio powerhouse New Classics Media. According to reliable sources, the deal that brings together one of China’s top video production outfits with ... Read More

Australia approves Merck’s patent for use of paired CRISPR nickases

Published Date: 2018-08-17         Author: Paroma Bhattacharya

Merck, the leading pharmaceutical and life science firm, has reportedly announced that it has availed permission for the patent application of paired CRISPR nickases from the Australian Patent Office. Sources claim that Merck's CRISPR integration patent portfolio already boasts of patents grante... Read More

Sprint partners with LG Electronics to launch 5G smartphone in 2019

Published Date: 2018-08-17         Author: Paroma Bhattacharya

Sprint Corp, the American telecommunication and wireless service provider recently announced a partnership with the South Korean multinational electronics company LG Electronics. Sources claim that the collaboration is aimed toward the launch of a 5G smartphone in the first half of 2019. The anno... Read More

Tesla to sue Ontario government over cancellation of rebate on EV

Published Date: 2018-08-20         Author: Paroma Bhattacharya

Tesla, the electric automaker will reportedly be taking the Ontario government to court over the cancellation of an electric vehicle incentive program that the Canadian province had previously promised. Shortly after coming to power in July 2018, the Progressive Conservative government of Ontario... Read More

LTA Singapore awards S$18.8M contract to Siemens & ST Engineering

Published Date: 2018-08-21         Author: Paroma Bhattacharya

Singapore Technologies Engineering, an integrated engineering group, in association with manufacturing company Siemens has reportedly won a S$18.8 million contract. The contract, as per sources, entails the development of a software system capable of integrating all asset information across the Mass... Read More

Slack raises total valuation to $7.1B with additional $427m funding

Published Date: 2018-08-23         Author: Paroma Bhattacharya

Slack, the fast-growing workplace messaging platform, has reportedly raised $427 million through a new funding round. Citing reliable sources, this latest funding round has propelled the company to reach a valuation of $7.1 billion. According to reports, the company’s rapid growth rate has ... Read More

Pfizer & Astellas Pharma to amend protocols for EMBARK & ARCHES trials

Published Date: 2018-08-24         Author: Paroma Bhattacharya

One of the world’s largest pharmaceutical companies, Pfizer Inc. and the Japanese drug manufacturer Astellas Pharma Inc. have recently announced that they will be amending the protocols for two late-stage trials designed to test the XTANDI prostate cancer drug with an aim to speed up completio... Read More

Waymo sets up subsidiary in Shanghai as Google makes inroads in China

Published Date: 2018-08-26         Author: Paroma Bhattacharya

Google’s parent company Alphabet Inc has reportedly set up a Chinese subsidiary for its driverless car division Waymo. As per a business registration filing, this might be Google’s attempt to penetrate the China market, where the government has strict regulations against its online servi... Read More

FirstEnergy Solutions shuts down Ohio & Pennsylvania coal-fired plants

Published Date: 2018-08-31         Author: Paroma Bhattacharya

FirstEnergy Solutions has reportedly made it to the headlines for a major closure announcement. As per sources, the firm has declared its plans to shut down the remaining coal-fired power plants in Ohio and Pennsylvania. The declaration blankets the W.H. Sammis plant located in Stratton, Ohio and th... Read More

SwRI’s AC2AT-II consortium to focus on engine emissions solutions

Published Date: 2018-09-07         Author: Paroma Bhattacharya

Southwest Research Institute, one of the largest nonprofit R&D organizations in the U.S. recently announced the commencement of the Advanced Combustion Catalyst and Aftertreatment Technologies II, that will be starting from 15 November 2018 with a meeting at the San Antonio headquarters of SwRI.... Read More

BHP buys stake in SolGold copper project in Ecuador for $35 million

Published Date: 2018-09-07         Author: Paroma Bhattacharya

The leading mining company BHP has recently signed a deal with SolGold, the Australian gold and copper mining company to earn a 6.1% stake in the latter. The deal, in which BHP will be paying $35 million for the stakes, will ensure that BHP earns a share in the copper-gold project, Cascabel, Ecuador... Read More

Hitachi signs MoU with NSW government to develop Western Sydney

Published Date: 2018-11-16         Author: Paroma Bhattacharya

Hitachi, Ltd., the Japanese conglomerate company recently announced the signing of a Memorandum of Understanding with the New South Wales (NSW) Government of Australia. The MoU is an illustration of Hitachi’s commitment to cooperate with NSW for the development of Western Sydney Aerotropolis a... Read More

Vivo enters into partnership with Cashify to promote exchange offer

Published Date: 2019-01-17         Author: Paroma Bhattacharya

Customers will be offered cashback on the purchase of new Vivo smartphones. Chinese smartphone manufacturer, Vivo, recently announced that the company has entered into a partnership with the Gurugram based startup Cashify which is one of the leading platforms for selling old gadgets in India. ... Read More

eWBM signs partnership with Microsoft to speed up IoT solutions

Published Date: 2019-01-17         Author: Paroma Bhattacharya

eWBM Co., Ltd., the fabless system-on-chip company that is known for its hardware-based security chips and solutions optimized for IoT applications, recently announced that it joined Microsoft Azure Certified for Internet of Things to ensure that customers can access IoT solutions that are quickly o... Read More

Just Eat acquires hospitality platform Flyt for around €25 million

Published Date: 2019-01-23         Author: Paroma Bhattacharya

London’s online food ordering firm Just Eat plc has recently acquired Flyt Limited, a startup that offers software for restaurants and restaurant suppliers. As per trusted sources, Just Eat acquired Flyt’s shares for around €25 million paid in cash from existing ... Read More

Target to offer Apple Pay and Google Pay options at its U.S. stores

Published Date: 2019-01-23         Author: Paroma Bhattacharya

The move will roll out around 1,850 Target stores in the U.S., most plausibly in the coming weeks. U.S. renowned discount retailer, Target Corp. has recently announced that it will soon accept Apple Pay, Samsung Pay, Google Play as well as contactless cards from Visa, Mastercard, American E... Read More

Google’s YouTube TV to expand its services across the United States

Published Date: 2019-01-24         Author: Paroma Bhattacharya

Cable companies continue to lose out to expanding livestreaming services across the country. Recently YouTube TV, Google’s TV streaming service that is encouraging more customers to scrap their costly cable subscriptions, announced that the service will be expanded throughout U.S.A.   ... Read More

CVS Pharmacy to launch Beauty Mark to promote realistic beauty ideals

Published Date: 2019-01-26         Author: Paroma Bhattacharya

The company expects to attract more millennial shoppers with a more realistic representation of what its beauty products can achieve. CVS Pharmacy, the American healthcare and retail company recently announced that it will be labeling the photos of models appearing in the beauty aisles of the com... Read More

Sysco Corporation to acquire Central Illinois based Waugh Foods

Published Date: 2019-01-30         Author: Paroma Bhattacharya

The acquisition is expected to complement Sysco’s services and strengthen its position in Illinois Sysco Corporation, the food marketing and distribution company recently announced that it has inked a definitive agreement to acquire the Illinois based food distributor, Waugh Foods. ... Read More

Aphria officially rejects the undervalued takeover bid by Green Growth

Published Date: 2019-02-07         Author: Paroma Bhattacharya

Green Growth apparently failed to consider the promising growth opportunities presented by Aphria which led to the rejection of the bid. Aphria Inc., the Canadian cannabis company, has recently been reported to officially reject the hostile takeover bid presented by Green Growth Brands Inc., a US... Read More

Hivemind funding round led by Barclays and Fidelity International

Published Date: 2019-02-19         Author: Paroma Bhattacharya

Funds raised in the round will be used in expanding Hivemind’s engineering and data science teams, sales and fueling the development of the company’s proprietary technology platform. Hivemind, a data science company recently announced that it has completed a funding round that was led... Read More

Honeywell-Pratt’s joint venture ATEC protests against the U.S. Army

Published Date: 2019-02-21         Author: Paroma Bhattacharya

Advanced Turbine Engine Company, a joint venture of Honeywell International Inc and Pratt & Whitney, is reportedly protesting against the U.S Army’s decision for awarding General Electric Co a contract worth $517 million for manufacturing its next-generation Black Hawk and Apache helicopte... Read More

Lineage Logistics acquires Preferred Freezer Services for $1 billion

Published Date: 2019-02-26         Author: Paroma Bhattacharya

The acquisition means that the joint company will spread across 200 facilities in North America, Europe and Asia covering cold-storage space of 1.3 billion cubic feet. Lineage Logistics LLC, one of the largest refrigerated storage companies in the world, recently announced that it has acquired Pr... Read More

Gojek partners with Gigacover to provide insurance scheme to drivers

Published Date: 2019-02-27         Author: Paroma Bhattacharya

The new scheme would cover 21 days of medical leave as well as 84 days of hospitalization leave. Gojek, the ride-hailing platform in partnership with Gigacover, insurance technology company that focuses on freelancers, recently announced the launching of earnings protection insurance scheme meant... Read More

Crypto exchange firm Gemini joins connectivity platform BT Radianz

Published Date: 2019-03-02         Author: Paroma Bhattacharya

Gemini will achieve the reach and scale required by global institutions by joining the Radianz Cloud and will also benefit from a recognized framework by dealing with them. Gemini, the crypto exchange firm based in New York, has recently announced that it will be joining the BT Radianz Cloud, a c... Read More

Mswipe secures Rs.220 crore in funds in Series E investment round

Published Date: 2019-03-16         Author: Paroma Bhattacharya

Mswipe Technologies Pvt. Ltd., a Mumbai-based PoS (Point-of-Sale) & business payment solutions provider, has grabbed headlines for receiving up to R. 220 crore in the latest Series E financing round. Reportedly, the leading investors participating in the round include the American hedge fund ... Read More

Five Point Fours collapse leaves thousands of people in the lurch

Published Date: 2019-03-18         Author: Paroma Bhattacharya

The company recently issued a notice of administration to the ASIC (Australian Securities & Investments Commission). Brisbane-based health food delivery company, Five Point Four, is reportedly going to close down, much to the surprise of its massive customer base and over 230,000 online follo... Read More

Chinese GoPro rival Insta360 raises $30M as it moves towards 2020 IPO

Published Date: 2019-03-22         Author: Paroma Bhattacharya

The company’s Series C+ funding round saw participation from a number of Chinese investors including Huajin Capital, Everest Venture Capital & MC Holdings. The move comes as the company is on its way to go public through an IPO scheduled for launch in 2020. Shenzhen Arashi Vision... Read More

aXiomatic raises up to $21.5 million in latest fundraising round

Published Date: 2019-04-26         Author: Paroma Bhattacharya

Esports & video game enabler aXiomatic, the holding company of the worldwide professional esports organization Team Liquid, has grabbed headlines for raising up to $21.5 million in funds from a number of unnamed investors, in its latest investment round. Reliable sources with the knowledge of... Read More

Nautic Partners successfully secures $1-5bn for its ninth funding

Published Date: 2019-03-29         Author: Paroma Bhattacharya

Kirkland & Ellis LLP served as counsellors to Nautic Partners for the latest Nautic IX funding round Nautic Partners LLC, a US-based private equity firm, has made it to the cover page for raising up to $1.5 billion, completing the final closing of Nautic IX, which is the company’s ninth... Read More

Big data firm MiningLamp raises $297M in Tencent led funding round

Published Date: 2019-03-30         Author: Paroma Bhattacharya

MiningLamp and Tencent join hands to complement each other in AI field, said Tencent Investment Management partner Lin Haifeng. Tencent, the Chinese investment holding conglomerate has recently been at the forefront of the Series D funding round for the Beijing-based rapidly growing start-up Mini... Read More

Nykaa raises $14 million from TPG Growth in Series E funding round

Published Date: 2019-04-01         Author: Paroma Bhattacharya

Nykaa had raised $15.72 million (INR 113 Cr) from Lighthouse India Fund III in September 2018.   Nykaa has recorded over $86.09 million (INR 570 Cr) in net revenue in FY18. Mumbai-based online retailer of fashion and beauty products, Nykaa, has raised $14 million (INR 100 Cr.) ... Read More

Volkswagen to merge three of its passenger car subsidiaries in India

Published Date: 2019-04-05         Author: Paroma Bhattacharya

The restructuring of the VW Group in India comes under its India 2.0 project.   All VW Group brands like Volkswagen, Audi, Lamborghini, Porsche and Skoda would still retain their individual identities. Volkswagen Group (VW), the renowned German multinational automobile group, has re... Read More

Leadfeeder secures €3.1 million to automate B2B lead generation

Published Date: 2019-04-11         Author: Paroma Bhattacharya

Helsinki-based startup Leadfeeder that supports B2B companies in generating new leads using website analytics, has secured €3.1 million in series A funding round led by Endeit Capital, a Dutch growth capital firm along with Finland’s Vendep Capital and Superhero Capital participating. ... Read More

OYO partners with Spain’s Hotelbeds to increase travel distribution

Published Date: 2019-04-16         Author: Paroma Bhattacharya

OYO Hotels & Homes, the SoftBank-backed Indian hospitality company, has reportedly partnered with Spanish firm Hotelbeds in a bid to gain access to over 60,000 travel buying intermediaries across the world. OYO said in a statement that the preferred agreement signifies OYO's first distrib... Read More

Latest funding round of $114m helps Outreach join the unicorn club

Published Date: 2019-04-18         Author: Paroma Bhattacharya

Outreach Inc., a Microsoft backed software manufacturer, has recently been reported to cross the billion-dollar threshold, becoming a member of the unicorn startups club. The firm, that helps in automating essential but routine work for salespeople, raised nearly $114 million in a funding round a... Read More

Altizon raises $7 million in Series A funding round led by TVS Motors

Published Date: 2019-04-29         Author: Paroma Bhattacharya

Altizon had raised $4 million three years ago in 2016 – its last funding round. Altizon Inc has reportedly raised $7 million in Series A funding round from motor cycle company TVS Motors. The existing investors also participated in the round, including Wipro Ventures, Lumis Partners, a... Read More

Voiceflow, a voice app design & creation platform, raises $3.5 million

Published Date: 2019-04-25         Author: Paroma Bhattacharya

Voiceflow is free for individuals and charges $29 per month in its paid workspaces. The design and development platform for voice apps Voiceflow has reportedly raised $3 million in seed funding round led by True Ventures. Eventbrite founder Kevin Hartz, InVision founder Clark Valberg and Product ... Read More

KNOC hires Scotiabank to sell stake in British explorer Dana Petroleum

Published Date: 2019-04-26         Author: Paroma Bhattacharya

The entire process is expected to start off early in May, when the company would begin circulating confidential information packages to interested parties.   The stake that would be put up for sale is estimated to be valued at approximately $550 million. Korea National Oil Corporati... Read More

Canada’s Canopy Growth acquires C3 Cannabinoid Compound Company

Published Date: 2019-05-03         Author: Paroma Bhattacharya

C3 Cannabinoid Company is one of the foremost distributor and manufacturer of dronabinol, a registered pharmaceutical medicine in Denmark, Switzerland, Austria, and Germany.   C3 would be an excellent addition to the Canopy’s European infrastructure including a robust sales and mar... Read More

AveXis presents data from ongoing Zolgensma trials in SMA patients

Published Date: 2019-05-06         Author: Paroma Bhattacharya

The incidence of SMA is one in every 10,000 live births. SMA is often recognized as the leading genetic cause behind infant mortality. AveXis, the Novartis-held biotechnology company based in the U.S., has reportedly declared data from the ongoing trials of Zolgensma (onasemnogene abeparvo... Read More

Skyhawk and Takeda to sign agreement for neurodegenerative disease

Published Date: 2019-05-08         Author: Paroma Bhattacharya

The deal will mark the fourth industry collaboration for Massachusetts-based company Waltham. Earlier, Skyhawk had signed a partnership with Celgene worth $60 million. RNA biotech Skyhawk Therapeutics will reportedly sign another R&D deal with Takeda Pharmaceutical company for allowing pharma... Read More

Lotus works on hypercar with expansion in Midlands & 200 new staff

Published Date: 2019-05-13         Author: Paroma Bhattacharya

Lotus, the British sports car manufacturer, recently announced that it will be hiring 200 engineers as it seeks to triple its yearly car production capacity. Reliable reports cite that the car manufacturer, in a bid to reinvent itself, will be increasing its car production to 5,000 per year with ... Read More

Brazilian court lifts one of two restrictions on Norsk Hydro plant

Published Date: 2019-05-18         Author: Paroma Bhattacharya

The federal court in Belem, Brazil has reportedly lifted one of two production restrictions on a key plant owned by Norsk Hydro, the Norwegian metal manufacturer said in a statement. As per trusted sources, the Alunorte alumina refinery, which is a main supplier to the aluminum industry, presentl... Read More

Snapsheet closes its Series E investment round at $29 million

Published Date: 2019-05-21         Author: Paroma Bhattacharya

The funding would be further accelerating the company’s ongoing efforts of facilitating wider claims management solutions on a global level. Following the Series E round, the total capital raised by the company has reached the $71 million mark. Snapsheet, a renowned pioneer of virtua... Read More

Freshworks acquires U.S.-based customer success service firm Natero

Published Date: 2019-05-23         Author: Paroma Bhattacharya

Freshworks, a cloud-based customer engagement company, recently announced its acquisition of Natero, a leading customer success cloud software. The acquisition is expected to provide Freshworks with a SaaS platform that combines sales, marketing, support & customer success, cites source. Fres... Read More

Biotechnology startup Biofourmis raises $35 million in Series B round

Published Date: 2019-05-24         Author: Paroma Bhattacharya

Biofourmis, a biotechnology startup recently announced that it has collected $35 million in a Series B round led by venture capital company Sequoia Capital India & US-based MassMutual Ventures, along with existing investors like- Openspace Ventures, Aviva Ventures, the corporate venture capital ... Read More

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