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Saif Ali Bepari

Saif Ali Bepari

A qualified Computer Science graduate, Saif Ali Bepari, armed with more of an inclination toward writing than coding, commenced his journey in the content industry as a freelancer. Currently penning down content for fractovia.org and a couple of other portals, Saif has also tinkered with creative writing, technical writing, blog writing, and copywriting. He can be contacted at- [email protected] | https://twitter.com/Saif_B17

Contribution by Saif Ali Bepari

SLA launches Southeast Asia’s first geospatial industry center

Published Date: 2018-07-17         Author: Saif Ali Bepari

The Singapore Land Authority (SLA) has recently announced the launch of GeoWorks. Reportedly, this is the first Southeast Asian geospatial industry center in Singapore. For the uninitiated, geospatial technology, a technology that deals with location-based data is incorporated inside various food... Read More

UK invests £37.5m to establish new health & biomedical data hubs

Published Date: 2018-07-28         Author: Saif Ali Bepari

The Government of UK has announced a £37.5m investment to set up new research centers which will connect regional healthcare data with biomedical & genetic information. As per reliable sources, around three to five ‘Digital Innovation Hubs’ would be set up in the upcoming three... Read More

C88 declares $28 million funding round with Experian in the lead

Published Date: 2018-08-01         Author: Saif Ali Bepari

Experian, a leading global information services provider has reportedly participated in a funding round of about $28 million secured by the Singapore-based fintech startup C88 Financial Technologies Group. For the record, the latter offers financial services technology for financial e-commerce websi... Read More

Future Electronics announces a partnership with IoT supplier OrbiWise

Published Date: 2018-08-02         Author: Saif Ali Bepari

Future Electronics, a leading distributor of electronic components globally, has reportedly announced its partnership with Geneva-based OrbiWise, a renowned supplier of IoT solutions, specifically based on LoRa™/LoRaWAN™ radio technology. According to Matthew Rotholz, Vice Presid... Read More

Harley Davidson seeks alliance to manufacture bikes for India

Published Date: 2018-08-09         Author: Saif Ali Bepari

Milwaukee-based Harley Davidson is reportedly planning to set up manufacturing and distribution facilities to make lightweight motorcycles for users in India and other Asian markets. The motorcycle giant recently announced its plans to launch smaller motorcycles with an engine size of 250cc to 500cc... Read More

Samsung considers halting smartphone facility operations in China

Published Date: 2018-08-13         Author: Saif Ali Bepari

Samsung Electronics Co Ltd, the leading manufacturer and distributer of electronic products has reportedly made plans to suspend its operations at its mobile phone manufacturing plants in China. As per sources, the decision may have come on the heels of the company’s rising labor cost and slum... Read More

Alibaba challenges rivals in India e-commerce market with $5B JV

Published Date: 2018-08-20         Author: Saif Ali Bepari

China’s Alibaba Group Holding Ltd has reportedly made plans to collaborate with one of India’s largest retailer, Reliance Retail Ltd, in a bid to compete with e-commerce giants Flipkart and Amazon that currently dominate the world’s fastest growing economy. As per reliable sourc... Read More

Ola initiates UK ride-hailing operations in New South Wales

Published Date: 2018-08-21         Author: Saif Ali Bepari

Renowned Indian ride hailing service provider Ola has reportedly commenced its operations in the UK starting from South Wales. Sources cite that the company aims to cover the entire UK by end of 2018. Experts forecast that Ola’s decision to go international has started to mount pressure on ... Read More

Finland’s HMD Acquires Nokia’s PureView Trademark from Microsoft

Published Date: 2018-08-27         Author: Saif Ali Bepari

Finnish mobile phone company, HMD Global has reportedly acquired rights for Nokia’s prior owned PureView brand from Microsoft Corp., a move which would eventually allow HDM to introduce PureView powered handset models in the smartphone market. As per official reports, the PureView brand was... Read More

Walmart introduces Moosejaw’s digital store on its official website

Published Date: 2018-08-28         Author: Saif Ali Bepari

Walmart, one of the globally acclaimed retailers, has reportedly featured outdoor gear provider Moosejaw on its official website, in a bid to compete with its biggest rival, Amazon, Inc. As per sources, in the year 2017, Walmart had acquired Moosejaw for USD 51 million, on account of its l... Read More

Siemens & Bentley expand partnership to develop new digital solutions

Published Date: 2018-08-29         Author: Saif Ali Bepari

Siemens, the world’s largest industrial manufacturing company, has announced plans to expand its strategic alliance with Bentley Systems to enhance its digital engineering services and solutions. As per trusted sources, the joint innovation investment program would have a total funding of up t... Read More

PayPal partners with Brazil's biggest private bank Itaú Unibanco

Published Date: 2018-08-31         Author: Saif Ali Bepari

Digital payments solutions company PayPal Holdings Inc has reportedly collaborated with Brazil's largest private sector bank, Itaú Unibanco Holding SA, in a bid to offer its online digital payment services to the bank's card clients. As per trusted sources, the company aims to leverag... Read More

EasemyApp to help offline stores improve shopping experience

Published Date: 2018-09-01         Author: Saif Ali Bepari

EasemyApp has reportedly announced the launch of a new mobile application exclusively for offline retailers. As per trusted sources, the app aims to offer a platform where offline retailers can personalize shopping experience and eventually offer better discounts based on the customer’s buying... Read More

China blocks access to ABC website for breaching the nation’s laws

Published Date: 2018-09-03         Author: Saif Ali Bepari

The cyber security regulator of China has reportedly confirmed to have blocked access to the website of Australian Broadcasting Corp (ABC), the national broadcaster of Australia. According to trusted sources, the site has been banned as it reportedly breached China’s internet rules and regulat... Read More

Suncorp to return $600m to shareholders after insurance business sale

Published Date: 2018-09-04         Author: Saif Ali Bepari

Brisbane-based insurance company Suncorp has reportedly announced to return $600 million to its shareholders after concluding the sale of its life insurance business in Australia. As per trusted sources, the insurance company will be selling the business to TAL Dai-ichi Life Australia Pty Ltd. Re... Read More

Temasek & StarHub set up Asia’s largest pure-play cybersecurity firm

Published Date: 2018-09-06         Author: Saif Ali Bepari

Singapore’s Temasek Holdings has reportedly announced to have formed a joint venture, named as Ensign InfoSecurity, with telecommunications giant StarHub Ltd. As per trusted sources, Ensign InfoSecurity will be one of the biggest cybersecurity firms in Asia. A press release by StarHub state... Read More

VW agrees with ACCC to replace faulty cars within 60 days of purchase

Published Date: 2018-09-08         Author: Saif Ali Bepari

The world’s largest car manufacturer Volkswagen (VW) has reportedly announced to have signed a voluntary court-enforceable undertaking with the Australian Competition & Consumer Commission (ACCC) to abide by the warranty claims specified in the Australian Consumer Law (ACL). As per the ter... Read More

Indian firms to be the foremost bidders for initial air force contract

Published Date: 2018-09-13         Author: Saif Ali Bepari

Five Indian companies are reportedly bidding for a new air defense guns contract of the Air Force valued at more than INR 15,000 crore. Apparently, the companies have put their best foot forward as orders worth INR 40,000 crore are at stake for a similar requirement of the Army and Navy.   ... Read More

Imperial Oil resumes Norman Wells’ crude output after pipeline repairs

Published Date: 2018-10-23         Author: Saif Ali Bepari

Canada’s second largest integrated oil firm Imperial Oil Limited has reportedly announced to have resumed oil production at Norman Wells in the Northwest Territories. As per trusted sources, the company restarted production almost two years after it was forced to halt shipments on a pipeline s... Read More

Uber plans to add electric car surcharge to all London rides

Published Date: 2018-10-24         Author: Saif Ali Bepari

Ride-hailing giant Uber has reportedly announced that it intends to add a surcharge of 15p per mile on all the bookings via its app in London. As per trusted sources, the move is aimed at assisting the firm’s drivers to purchase electric vehicles. Reportedly, the fee is anticipated to be in... Read More

Nine Energy Service completes the acquisition of Magnum Oil Tools

Published Date: 2018-10-28         Author: Saif Ali Bepari

The leading oilfield services company Nine Energy Service has reportedly announced to have concluded the acquisition of Magnum Oil Tools International Limited. As per trusted sources, Magnum would provide a robust and first-mover advantage to Nine Energy Service in the dissolvable frac plug market. ... Read More

VW, Intel & Mobileye to launch self-driving taxi service in Israel

Published Date: 2018-10-30         Author: Saif Ali Bepari

Volkswagen, Intel Corp. and its subsidiary Mobileye have reportedly announced that they plan to deploy an autonomous taxi service in Israel – the nation’s first – beginning early next year. Reports cite, the two firms are forming a Joint Venture (JV) with Champion Motors, an Israel... Read More

Orion Health announces the completion of an investment deal with Hg

Published Date: 2018-11-01         Author: Saif Ali Bepari

New Zealand-based software firm Orion Health reportedly announced to have concluded its deal with technology investor Hg for the takeover of Rhapsody and a 24.9 percent stake in its Population Health Management business. As per trusted sources, the new acquisition and investment marks the next chapt... Read More

Apple contemplating tie-up with U.S. mass media corp. iHeartMedia

Published Date: 2018-11-02         Author: Saif Ali Bepari

Renowned American multinational tech company Apple Inc. is reportedly exploring the possibility of a tie-up with Texas-based radio group iHeartMedia in an effort to boost the company’s streaming service. Sources familiar with the matter claim, discussions between the two firms are currently... Read More

Kenyan airport turns to solar power as it intends to cut emissions

Published Date: 2018-11-04         Author: Saif Ali Bepari

The UK’s largest solar company Solarcentury has reportedly announced to have inked a deal with the International Civil Aviation Organization (ICAO) to install an approximately 500-kilowatt solar system at Moi International Airport in Mombasa, Kenya. Reportedly, the construction and installa... Read More

Subsidiaries of Origin and Shell sign pipeline agreement in Australia

Published Date: 2018-11-05         Author: Saif Ali Bepari

Shell’s Queensland Curtis LNG and Origin’s Australia Pacific LNG have reportedly inked a pipeline deal that would open up new supplies from a Queensland gas field by the year 2024. As per trusted sources, the agreement would pave the way for more gas that can be provided to the east coas... Read More

Eskom unveils groundbreaking demo solar microgrid project in Ficksburg

Published Date: 2018-11-06         Author: Saif Ali Bepari

South African electricity public utility company Eskom has reportedly announced the launch of a ground-breaking solar energy microgrid project at the Wilhelmina Farm in the town of Ficksburg. The project, that was being developed and tested over a 16-month period, attained success in delivering e... Read More

Infineon unveils new semiconductor plant, acquires SiC startup

Published Date: 2018-11-13         Author: Saif Ali Bepari

Germany-based leading semiconductor solutions manufacturer Infineon Technologies AG has reportedly laid the foundation stone for its new semiconductor facility in Villach, Austria. As per trusted sources, the company has further acquired a Dresden-based start-up Siltectra to fortify its technologica... Read More

Rockwell Automation seeks to acquire good Indian engineering companies

Published Date: 2018-11-15         Author: Saif Ali Bepari

Rockwell Automation, Inc., an American information products and industrial automation company, has reportedly announced its intention to acquire good systems integrators and engineering companies in India. Reports cite, the Milwaukee-based company is also looking to expand its operations and work... Read More

Saudi Aramco to issue bonds to finance the acquisition of SABIC

Published Date: 2019-01-13         Author: Saif Ali Bepari

* The petroleum & natural gas company is considering issuing bonds in order to finance the company’s acquisition of SABIC. * The deal would involve the acquisition of nearly all or all of the 70% stake in SABIC. Saudi Aramco, the Saudi Arabian national petroleum & natural gas com... Read More

Insight, CPPIB invest $500M in data recovery firm Veeam Software

Published Date: 2019-01-18         Author: Saif Ali Bepari

Veeam is leading the data management space currently, with over 60,000 partners and 325,000 customers. Insight Venture Partners & pension fund giant CPPIB, have reportedly invested $500M in backup & data recovery company Veeam Software. Veeam is one of the largest privately held software ... Read More

Sequoia Capital launches startup accelerator in India & Southeast Asia

Published Date: 2019-01-25         Author: Saif Ali Bepari

The company’s accelerator could be the biggest such program to be launched in India.   The program would be targeting early-stage startups in Southeast Asia and India across a number of different sectors. Sequoia Capital India (Sequoia), a branch of renowned American venture c... Read More

ISRO successfully launches Kalamsat and military satellite Microsat-R

Published Date: 2019-01-27         Author: Saif Ali Bepari

Kalamsat is an experimental satellite aimed at studying the communication systems of Nano satellites.   Incidentally, it is regarded as the first Nano satellite to utilize PS4 as a platform to orbit around the Earth. The Indian Space Research Organization has reportedly successfully... Read More

Japanese auto makers to reportedly launch hybrid cars in India by 2021

Published Date: 2019-02-04         Author: Saif Ali Bepari

Indian government has assured to offer financial incentives for electric vehicles to hybrids as well Japanese carmakers more focused on developing hybrid vehicles owing to higher fuel-efficiency and low carbon emissions Japanese auto giants Honda Motor Co., Suzuki Motor Corp. and Toyota Motor ... Read More

Thermal Exchange acquired by Scientific Digital Imaging in £1.1m deal

Published Date: 2019-02-05         Author: Saif Ali Bepari

Leading designer and producer of digital imaging technology, Scientific Digital Imaging plc. recently announced that the company has acquired Thermal Exchange Ltd., a manufacturer of cooling and temperature control equipment. Apparently, Scientific Digital Imaging would be spending up to GBP1.1 mill... Read More

Apple boosts data collection for Apple Maps in U.S. using pedestrians

Published Date: 2019-02-08         Author: Saif Ali Bepari

Reports indicate that Apple has confirmed an increased number of on-foot efforts in the U.S. for ground reconnaissance to collect data for Apple Maps. Apparently, the company, which has been performing ground surveys across the world to improve Apple Maps, has also revamped its schedule site for App... Read More

Office Depot boosts Print & Copy services in new agreement with Xerox

Published Date: 2019-02-11         Author: Saif Ali Bepari

Leading provider of business supplies and services across different channels, Office Depot, Inc., has recently confirmed that it has enhanced its Print and Copy services by placing thousands of new Xerox units in regional production facilities and retail stores all over the U.S. The new units, Of... Read More

Facebook adds new partners to boost its fact-checking program in India

Published Date: 2019-02-12         Author: Saif Ali Bepari

Facebook is reportedly expanding its fact-checker network for the Indian market. Apparently, the company has added five new partners for reviewing news stories on its platform for checking facts and to rate accuracy in Hindi, English, Marathi, Malayalam and Telugu, in a bid to grow its third-party f... Read More

IBM Watson declares partnerships to boost worker safety via Watson IoT

Published Date: 2019-02-14         Author: Saif Ali Bepari

The tech giant is working with SmartCone, Mitsufuji, Guardhat, and Garmin Health to deploy high-grade artificial intelligence (AI) and data collection technologies IBM Watson has reportedly announced major partnerships with numerous industry partners to enhance worker safety in hazardous work env... Read More

Teckro secures $25m funding to enhance efficiency of clinical trials

Published Date: 2019-02-18         Author: Saif Ali Bepari

Teckro Inc., a software company aiming to improve to the efficiency of conducting clinical trials and make them more collaborative, has confirmed that it has completed a $25 million Series C funding round. Bringing the total amount raised by the Irish firm to $43 million, the round was supposedly le... Read More

Singapore’s OCBC to launch digital security token feature on its app

Published Date: 2019-02-20         Author: Saif Ali Bepari

Oversea-Chinese Banking Corporation (OCBC) has reportedly launched a digital security token called OCBC OneToken for its mobile banking app in a bid to replace the issue of hardware security tokens and reduce SMS OTPs. As per an official press release, through this move, the Singapore-based bank ... Read More

Tata Starbucks’ stores to use only sustainable packaging across India

Published Date: 2019-02-25         Author: Saif Ali Bepari

Tata Starbucks, the joint venture formed between global coffee brand Starbucks and the Tatas, recently confirmed that the company is aiming to use only compostable and recyclable packaging solutions at all of its stores in India, starting the next World Environment Day, which is on June 5. For th... Read More

Recruit invests USD 5 million in Israeli blockchain startup Beam

Published Date: 2019-02-25         Author: Saif Ali Bepari

The Japanese internet behemoth Recruit has reportedly made it to the headlines for launching a $25 million blockchain fund. As per an official press release, the firm had announced that the fund called the RSP Blockchain Tech Fund Pte. Ltd. was introduced in November 2018. The fund is focused on mak... Read More

TAT & Grab Taxi partner to acquire travelers’ data to impel tourism

Published Date: 2019-02-28         Author: Saif Ali Bepari

The Tourism Authority of Thailand has reportedly partnered with Grab Taxi in a bid to exchange big data for implementing destination marketing and realizing other tourism goals. Under the partnership, Grab Taxi will share big data anonymously compiled over hundreds and thousands of taxi rides dai... Read More

NotCo raises investment of $30 million from Jeff Bezos & The Craftory

Published Date: 2019-03-04         Author: Saif Ali Bepari

NotCo, a Chile-based company renowned for using artificial intelligence to create plant-based food has reportedly secured funding from Jeff Bezos, the founder of Amazon in its recent funding round. As per trusted sources, the $30 million funding round was led by The Craftory, offering over 60% of t... Read More

Heinz to introduce two new fusion sauces post Mayochup’s success

Published Date: 2019-03-07         Author: Saif Ali Bepari

After Mayochup, Heinz has reportedly announced plans to introduce Mayocue, a mayonnaise-based barbecue sauce, and Mayomust, a mayonnaise-based mustard sauce, in stores sometime this spring. Nicole Kulwicki, Director of Marketing at Heinz, was quoted saying that for years, sauce lovers across the ... Read More

Tetra Pak enhances distribution efficiency with new cube packaging

Published Date: 2019-03-09         Author: Saif Ali Bepari

Food packaging and processing giant Tetra Pak has reportedly introduced the Tetra Classic Aseptic 65ml Cube package,  in a bid to offer an efficient packaging solution for liquid foods, dairy, and juice. As per trusted sources, the dimensions of the package have been developed in such a way ... Read More

Grab postpones roll-out of cancellation charges till March 25

Published Date: 2019-03-11         Author: Saif Ali Bepari

Ride-hailing company Grab has reportedly delayed the rollout of its new policy for riders who cancel their bookings. As per trusted sources, the enforcement of the new policy has been delayed by two weeks so passengers have enough time to get accustomed with the new move. The policy that was offi... Read More

StellaService procures $11M to enhance its customer feedback platform

Published Date: 2019-03-12         Author: Saif Ali Bepari

StellaService, a privately-held American customer service company, has reportedly raised up to $11 million in funds to purportedly offer two core products- Stella Connect, which is a platform soliciting customer feedback regarding their personal dealings with some service agent, and Stella Pulse (pr... Read More

Software firm Ebix on the verge of buying Indian travel company Yatra

Published Date: 2019-03-13         Author: Saif Ali Bepari

The U.S.-based software company Ebix, Inc., has reportedly put forth an offer to purchase the popular Indian travel services firm Yatra Online Inc. As per credible reports, the international on-demand software & e-commerce service supplier plans to acquire the latter for USD 336 million, in a ca... Read More

Safaricom & AliExpress to enable M-PESA for online shoppers in Kenya

Published Date: 2019-03-14         Author: Saif Ali Bepari

Kenya’s biggest mobile operator Safaricom Plc has reportedly agreed to a partnership with a division of the Alibaba Group Holdings Ltd in a bid to advance electronic payments.  As per trusted sources, the deal allows Safaricom’s customers to use its mobile-money service called M-... Read More

Deutsche Bank to reportedly begin formal merger talks with Commerzbank

Published Date: 2019-03-19         Author: Saif Ali Bepari

Deutsche Bank, Europe’s prominent financial institution, is apparently set to announce merger talks with Commerzbank. It has been reported that the two largest banks in Germany are gaining pace and the planned formal disclosure of talks between them has increased the probability of a successfu... Read More

Xiaomi confirms the launch of Mi Pay service in India following trials

Published Date: 2019-03-20         Author: Saif Ali Bepari

Xiaomi has recently confirmed the official launch of its Mi Pay payment service for the Indian market. The company had introduced Mi Pay in China as well in 2016 and followed that with the launch of a beta trial in India. After completing the final testing now, Indian users get the complete access t... Read More

Sony announces introduction of PlayStation’s new State of Play videos

Published Date: 2019-03-25         Author: Saif Ali Bepari

Sony has recently confirmed the official launch of its State of Play videos for PlayStation 4 and PlayStation VR platforms in the market. It is apparently a new video program for the PlayStation 4 and VR which will feature gameplay footage, new trailers as well as announcements and updates for ne... Read More

Tencent to reportedly bring its own UPI-enabled Payments app in India

Published Date: 2019-03-26         Author: Saif Ali Bepari

Reports confirm that Tencent, the Chinese Technology giant has announced the launch of its own UPI-enabled Payment app ‘WeChat Pay’ in India and with this move it would be joining its major global peers Amazon, WhatsApp, Xiomi and Google. Sources familiar with the matter informed that... Read More

PFC agrees to pay Rs. 14,500 crore for acquiring majority stake in REC

Published Date: 2019-03-28         Author: Saif Ali Bepari

Indian financial institution Power Finance Corporation Ltd. (PFC) will reportedly be making the complete payment of Rs 14,500 crore, on March 28, 2019, to the government for purchasing a 52.63% stake in REC Ltd. Sources privy to the development revealed that the complete amount would be paid... Read More

Valmet to supply Algeria’s Faderco with second tissue production line

Published Date: 2019-05-11         Author: Saif Ali Bepari

Valmet, a leading global developer and a supplier of technologies and automation systems for the paper and pulp sector, has announced that it will deliver a complete Advantage DCT 100HS tissue production line to Algerian paper company Faderco, which specializes in the manufacture of hygiene products... Read More

Lavelle Networks secures $2M in funding round led by YourNest Capital

Published Date: 2019-04-04         Author: Saif Ali Bepari

Reports confirm that YourNest Venture Capital, an early stage venture capital firm, has recently led a Series A round of funding valued at $2 million in SDN networking platform Lavelle Networks. Sources familiar with the matter informed that the round of equity financing had further seen particip... Read More

Online grocery service Market Kurly raises $88M in Series D round

Published Date: 2019-04-06         Author: Saif Ali Bepari

Kurly Inc.-operated Market Kurly, the online premium grocery service provider, has reportedly secured up to $88 million (100 billion won) in its Series D financing round. The latest funding round was led by the existing investors including Sequoia Capital China, and was also joined by the internatio... Read More

Pixelworks, YOUKU to advance HDR format for mobile devices in China

Published Date: 2019-04-12         Author: Saif Ali Bepari

Pixelworks Inc., a leading advanced visual processing solutions provider, and YOUKU have recently inked a multi-year marketing and license agreement for advancing the High Dynamic Range (HDR) video format ecosystem for mobile devices in China. Sources familiar with the matter informed that under ... Read More

inCruises RTCLab join forces to transform cruise travel experience

Published Date: 2019-04-13         Author: Saif Ali Bepari

inCruises International, the largest cruise membership club in the world, has reportedly announced an innovative joint venture with RTCLab for redefining the cruise travel experience and direct marketing industries for Independent Partners spread across more than 170 countries worldwide. Apparent... Read More

Panasonic aims for 20% share in full-frame mirrorless camera segment

Published Date: 2019-04-17         Author: Saif Ali Bepari

Panasonic India is reportedly planning to accrue around 20 percent market share in the full-frame mirrorless camera segment through a sale of nearly INR 100 crore in a year, stated a top company official. The consumer electronics giant, which recently ventured into the full-frame mirrorless camer... Read More

Carlyle-Zydus, Advent compete for Bharat Serums and Vaccines takeover

Published Date: 2019-04-22         Author: Saif Ali Bepari

Reports indicate that an association of Zydus Cadila and Carlyle is competing against Advent International, a global private equity group, over the acquisition of Bharat Serums and Vaccines Ltd (BSV), a Mumbai based bio-pharmaceutical company. Both the companies have submitted non-binding offers bet... Read More

Leading gaming platform MPL raises around $35.5M in Series A round

Published Date: 2019-04-24         Author: Saif Ali Bepari

India-based gaming platform MPL (Mobile Premier League) has reportedly secured up to $35.5 million in its latest Series A funding round. The latest investment involved the participation of Sequoia India, GoVentures and Times Internet, alongside other investors including BeeNext, RTP Global, Venture ... Read More

BigBasket achieves unicorn status after new $150 million funding round

Published Date: 2019-05-07         Author: Saif Ali Bepari

Reports confirm that Supermarket Grocery Supplies (SGSPL), owner of the BigBasket brand, has secured $150 million in new round of funding led by Mirae Asset-Naver Asia Growth fund, one of the leading investors operating in global growth markets, Alibaba Group and CDC Group, the UK Government’s... Read More

Nestle to trim down delivery network in U.S., will affect 4,000 jobs

Published Date: 2019-05-09         Author: Saif Ali Bepari

Reports confirm that Nestle SA’s U.S. division would be shutting down its direct-to-store delivery network for ice cream and pizza products, such as Skinny Cow and DiGiorno, starting in the third quarter. Apparently, it could result in laying off of around 4000 workers as it stops deliverin... Read More

Osram, FSG join forces on turnkey IoT solutions for smart buildings

Published Date: 2019-05-15         Author: Saif Ali Bepari

Osram, a multinational high-tech lightening company, and Facility Solutions Group (FSG), a leading provider of building technology system design, integration, installation and managed services, have reportedly announced a collaborative partnership to provide turnkey smart building IoT solutions to t... Read More

Mahindra Partners makes Rs 226 crore investment in Centre for Sight

Published Date: 2019-05-17         Author: Saif Ali Bepari

Mahindra Partners, the private equity and corporate venture capital arm of Indian conglomerate Mahindra Group, has recently announced that it would be investing Rs 206.5 crore in eye care chain Centre for Sight. With this move, Matrix Partners India would be able to completely shed its stake in the ... Read More

ONGC, GIP & Tripura govt looking to acquire interest of IL&FS in OTPC

Published Date: 2019-05-20         Author: Saif Ali Bepari

Oil and Natural Gas Corporation (ONGC)- India’s state-run oil & gas firm, Global Infrastructure Partners (GIP) and the government of Tripura, a state in northeast India, are reportedly looking to acquire the INR 3,804 crore stake Infrastructure Leasing & Financial Services Ltd (IL&... Read More

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