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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

Walmart & Target gear up for the holidays with mobile checkout systems

Published Date: 2018-11-18         Author: Ojaswita Kutepatil

U.S. retail giants Walmart and Target are reportedly launching new in-store mobile checkout systems to facilitate the heavy shopping spree expected during the 2018 holiday season. Walmart stated that it will be expanding its mobile checkout service called ‘Check Out With Me’ to all its S... Read More

Amazon to distribute two VIS produced series in Latin America

Published Date: 2018-11-17         Author: Ojaswita Kutepatil

Amazon and Viacom International Studios have signed a content deal to distribute two VIS produced Latin American series Homens? and Dani Who? to Prime Video. As per credible sources, Homens? is a sitcom starring Fabio Porchat and it revolves around the lives of four close friends. Reliable report... 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

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

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

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

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

Entergy to build 100 MW solar energy plant in Mississippi Delta

Published Date: 2018-11-10         Author: Sunil Hebbalkar

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Shell on the verge of rolling fast electric car chargers in Europe

Published Date: 2018-10-27         Author: Saipriya Iyer

Renowned Anglo-Dutch Shell has reportedly made it to the headlines for having announced that it plans on ramping up electric vehicle infrastructure. Authentic reports claim that company is now officially ready to install its first ultrafast charging points across western Europe. As per sources fa... 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

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

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

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

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

Roche steps up cost cuts via efficiency to stay ahead of opponents

Published Date: 2018-09-15         Author: Sunil Hebbalkar

Roche, the biggest manufacturer of cancer medications across the world, has reportedly started an efficiency drive in a bid to counterattack competition by employing cost cuts. According to sources familiar with the development, Roche is struggling with sales as its biotech product portfolio ages am... 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

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

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

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

U.S. military to pour in USD 2 billion in next-gen AI projects

Published Date: 2018-09-10         Author: Sunil Hebbalkar

The Pentagon research wing has reportedly stated that it would be investing USD 2 billion to create the next generation of artificial intelligence devices that boast of ‘human-like communication’ ability. The new smart machines referred to as ‘AI Next’ would escalate military... 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

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

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

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

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

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

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

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

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

Zelda Therapeutics partners with German medical cannabis group

Published Date: 2018-09-04         Author: Sunil Hebbalkar

Australian bio-pharmaceutical company, Zelda Therapeutics Ltd. has reportedly announced a collaboration with the German medicinal cannabis group HAPA Medical. As per trusted reports, the collaboration would offer HAPA first rights for manufacturing and distributing  Zelda’s clinically val... 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

Google and Mastercard join hands to work on retail sales tracking

Published Date: 2018-09-03         Author: Sunil Hebbalkar

Tech giant Google has reportedly made it to the headlines for having collaborated in private with the financial services corporation, Mastercard. As per sources, the collaboration had been formed a year ago in a bid to use a new tool to track if the ads that were run online resulted in sales at phys... Read More

NextDC invests $2.25 billion to build data centers in Australia

Published Date: 2018-09-02         Author: Ojaswita Kutepatil

Leading data center operator NextDC has declared plans to spend $2.25 billion on sites in Melbourne, Perth, and Sydney. The new sites will be developed into data centers for the likes of drones, nanotechnology and precision medicine. The purchase of the new north shore site has been funded by a r... 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

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

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

Facebook pledges to run data centers on 100% renewable energy by 2020

Published Date: 2018-08-30         Author: Ojaswita Kutepatil

As a part of its pledge to combat climate change, Facebook has recently announced that it will be reducing its greenhouse gas emissions by 75% and will power its global operations with 100% renewable energy by 2020. According to sources familiar with the matter, the social-media behemoth has sign... Read More

Kroger launches grocery shipping service Kroger Ship in Dallas

Published Date: 2018-08-30         Author: Sunil Hebbalkar

Kroger, a grocery chain based in Cincinnati, is reportedly all set to confront the e-commerce giants Amazon and Walmart with ‘Kroger Ship’, its latest delivery service. This shipping service would potentially deliver everything that is sold under the roof of the supermarket. For the r... Read More

Snam signs MOU with China’s SGID, focuses on low-emission economy

Published Date: 2018-08-29         Author: Ojaswita Kutepatil

In a bid to explore better opportunities of future cooperation in infrastructure & new technologies for a low-emission economy, the Italian transmission system operator (TSO) Snam has inked a Memorandum of Understanding (MoU) with China’s State Grid International Development Company (SGID)... 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

Baidu follows Alibaba and Tencent in cryptocurrency clampdown

Published Date: 2018-08-28         Author: Ojaswita Kutepatil

Baidu, the Chinese tech giant that specializes in internet-related services, announced that it will be imposing anti-crypto measures in accordance with Beijing’s hardened stance against cryptocurrency dealings. Other Chinese technology companies like Alibaba and Tencent have already undertaken... 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

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

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

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

Cognizant buy SaaSFocus to expedite growth in India & Australia

Published Date: 2018-08-25         Author: Sunil Hebbalkar

In an effort to strengthen its business across the Indian and Australian markets, Cognizant has reportedly announced its acquisition of SaaSfocus, a Salesforce consulting service provider based out of Noida. According to Jayajyoti Sengupta, Cognizant Head (Asia Pacific), SaaSfocus’s Salesforce... 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

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

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

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

Paytm ties up with Alibaba, unveils new AI cloud computing platform

Published Date: 2018-08-22         Author: Sunil Hebbalkar

Indian e-commerce and digital wallet company, Paytm has reportedly launched a new AI powered cloud computing platform, Paytm AI Cloud in collaboration with the Chinese mammoth Alibaba. As per sources, the platform has been introduced in a bid to lend support to developers, startups and enterprises i... Read More

Japan approves AstraZeneca's lung cancer treatment, Tagrisso

Published Date: 2018-08-22         Author: Ojaswita Kutepatil

AstraZeneca, a global biopharmaceutical company has reportedly announced the approval of its new lung cancer treatment, Tagrisso by the Japanese Ministry of Health, Labor and Welfare. As per reliable sources, the treatment would be available for the first line treatment of patients suffering from in... 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

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

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

Alipay unveils paperless mobile tax refund function in South Korea

Published Date: 2018-08-20         Author: Ojaswita Kutepatil

Ant Financial Services Group’s business unit Alipay, the biggest online payment service and lifestyle platform, has reportedly announced its collaboration with a tax refund organization - GTF (Global Tax Free). This collaboration is aimed at establishing the first paper free mobile tax refund ... 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

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

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

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

Constellation Brands to invest about USD 4B into Canada’s Canopy Growth

Published Date: 2018-08-16         Author: Ojaswita Kutepatil

Constellation Brands, one of the world’s largest wine makers has reportedly invested around USD 4 billion (GBP 3.13 billion) in Canada's top cannabis producing company, Canopy Growth. Sources claim that this deal valuation is apparently one of the largest investments recorded in this indus... Read More

Alphabet pours in USD 375 million in insurance startup Oscar Health

Published Date: 2018-08-16         Author: Saipriya Iyer

Global tech behemoth Alphabet Inc. has reportedly invested USD 375 million in the tech-based healthcare insurance startup, Oscar Health. Apparently, the company aims to bring forth breakthroughs in the medical insurance industry deploying Alphabet’s big data resources. As per reliable sourc... 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

Amazon India now procures total cash infusion of USD 1 billion

Published Date: 2018-08-15         Author: Ojaswita Kutepatil

Post having received an infusion of Rs 2,600 crore into the marketplace in May 2018, Amazon India recently announced the infusion of an additional Rs 2,700 crore by the parent firm. Post this move, Amazon’s overall infusion has successfully hit the $1 billion mark since the beginning of 2018. ... 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

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

Paytm and Alibaba’s AGTech pour in USD 16 million in Gamepind

Published Date: 2018-08-13         Author: Ojaswita Kutepatil

Gamepind, a gaming joint venture owned by Paytm’s parent company One97 communications and the Alibaba Group-owned gaming and entertainment company AGTech Holdings has reportedly received a funding of USD 16 million. Sources claim that the investment has been provided in a bid to improve the ga... 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

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

Iterum to conduct trials for oral Sulopenem in uncomplicated UTIs

Published Date: 2018-08-11         Author: Ojaswita Kutepatil

Pharmaceutical giant Iterum Therapeutics plc, which develops medications for infections caused by multi-drug resistance pathogens, has recently announced its clinical trial for Sulopenem. Sources state that this would mark the first phase of its Phase 3 clinical trials. For the uninitiated, Sulop... 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

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

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

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

Glenmark & Harbour BioMed team up, develop cancer antibodies in China

Published Date: 2018-08-08         Author: Ojaswita Kutepatil

Mumbai-based Glenmark Pharmaceuticals has reportedly announced an exclusive license agreement with China-based Harbour BioMed. The deal, worth more than $120 million, showcases China’s willingness to transform healthcare by encouraging innovation. Sources cite that the agreement aims at dev... 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

Toyota & Maruti Suzuki venture into cross-badging with Baleno

Published Date: 2018-08-07         Author: Saipriya Iyer

Toyota, a multinational automotive manufacturer and Indian automobile manufacturer Maruti Suzuki will reportedly be coming together for the first time in a cross-badging deal where Toyota will be selling Maruti Suzuki’s Baleno (a premium hatchback) under its own name. For the uninitiated, v... 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

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

Curtin University & Optus join hands to conjointly work on AI research

Published Date: 2018-08-06         Author: Ojaswita Kutepatil

Optus Business has reportedly declared a partnership with Curtin University, that will see the duo work together on the expansion and innovation of artificial intelligence (AI) and will initiate the development of an AI excellence center. According to trusted sources, a new research group under t... 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

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

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

Iceland to be UK’s first supermarket selling plastic-free chewing gum

Published Date: 2018-08-03         Author: Ojaswita Kutepatil

Britain’s Iceland Foods Ltd., has recently launched a wide range of chewing gums that are plastic-free, making the frozen food giant the UK’s first supermarket to offer a biodegradable alternative. Reportedly, the local councils spend nearly £60m a year scraping gum off the pave... 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

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

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

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

Toyota raises capital in hydrogen FCVs, aims for cheaper FCV systems

Published Date: 2018-07-31         Author: Ojaswita Kutepatil

The Japanese automotive giant, Toyota has reportedly increased its investment in hydrogen powered fuel cell vehicles (FCVs) and has got down to designing low-cost mass market SUV’s and passenger cars. As per sources, the firm plans to push the technology into trucks and buses to build economie... 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

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

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

Aramark announces decision to phase out single-use plastic by 2022

Published Date: 2018-07-29         Author: Saipriya Iyer

Aramark, a world leader in facilities management, food & uniforms has reportedly committed to reduce use of single-use disposable plastic by the year 2022. If sources are to be believed, Aramark will be implementing the move for reducing the usage of single-use plastic items across all its opera... 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

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

Eli Lilly to spin off its Greenfield-based animal health arm, Elanco

Published Date: 2018-07-27         Author: Ojaswita Kutepatil

Eli Lilly & Co., a leading pharmaceutical company has reportedly announced its plan to spin off its Greenfield-based animal health unit - Elanco, after going through a month-long review regarding its business in animal healthcare and agriculture. The company is expecting to complete the spinoff ... Read More

Alipay-Guess? deal to ease Chinese tourists’ payment ordeal in U.S.

Published Date: 2018-07-26         Author: Ojaswita Kutepatil

Guess?, Inc., an American clothing brand and retailer has recently declared that it is entering into a partnership with Alipay, Alibaba’s third-party mobile and online payment platform. Reportedly, through the Alipay application, the partnership between the two aims to ease the payment experie... 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

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

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

DroneShield inks partnership deal to build a new anti-drone solution

Published Date: 2018-07-24         Author: Ojaswita Kutepatil

DroneShield, an Australian Securities Exchange-listed drone detection and disruption technology provider, has apparently announced to have joined hands with Intelligent Security Integration (ISI), a security and surveillance equipment provider based out of Melbourne. According to trusted sources, th... Read More

Tesco’s new discount fascia may pose a threat to Aldi & Lidl

Published Date: 2018-07-24         Author: Sunil Hebbalkar

The British multinational grocer, Tesco reportedly aims to launch a new retail format to challenge German counterparts Aldi and Lidl. If sources are to be believed, the retail giant is planning to set up 60 stores named Jack’s, after founder Jack Cohen. As suggested by the reports, Tesco is... 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

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

O&G corporation PetroChina inks three-year contract with PNG LNG

Published Date: 2018-07-21         Author: Saipriya Iyer

Oil and gas industry magnates Santos and Oil Search have reportedly announced that PNG LNG, has obtained a 3-year contract with the Hong Kong based PetroChina to supply the latter with LNG (liquified natural gas). Incidentally, PNG LNG is operated by the multinational oil and gas corporation ExxonMo... Read More

Softbank and DiDi Chuxing join hands to test ride-hailing in Japan

Published Date: 2018-07-22         Author: Saipriya Iyer

The China-based mobility technology magnate DiDi Chuxing has reportedly announced a partnership with SoftBank Corp. in a bid to launching trial services for its ride-hailing service this fall. The two parties seem to have already set up a joint venture called DiDi Mobility Japan last month in order ... 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

MealPal enters Singapore food-on-demand market with new meal services

Published Date: 2018-07-20         Author: Saipriya Iyer

MealPal, a U.S. food subscription start-up is apparently planning to offer S$1 hawker fare and restaurant meals starting from S$6.99 in order to establish its stance in Singapore food-on-demand industry. Incidentally, MealPal commenced this meal service on Monday, the 16th of July. Normally dinne... Read More

U.S. plans to offer a series of armed Guardian drones to India

Published Date: 2018-07-20         Author: Saipriya Iyer

The United States has reportedly depicted interest in selling the armed version of Guardian drones to the Indian sub-continent. If sources are to be believed, these drones were originally meant to be sold as unarmed units for surveillance purposes. For the record, this would be the first time tha... Read More

UOB inks deal with Razor, aims to provide e-wallet in Singapore

Published Date: 2018-07-19         Author: Sunil Hebbalkar

The United Overseas Bank (UOB) has reportedly signed an agreement with a gaming company, with the intention of introducing a digital wallet in Singapore. As per sources, the deal comes merely within a few weeks post Razor’s launch of an e-wallet in Malaysia. UBO and Razer said in the m... Read More

parkCognition-Boeing deal to provide UAS traffic management solutions

Published Date: 2018-07-19         Author: Sunil Hebbalkar

Airplane manufacturer Boeing has apparently teamed up with SparkCognition, an artificial intelligence technology company to develop UAS (unmanned aircraft system) traffic management (UTM) solutions. Using AI and blockchain technologies, Boeing and SparkCognition will track autonomous air vehicles in... Read More

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

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

Alibaba-Trendyol deal to augment Turkey e-commerce industry

Published Date: 2018-07-17         Author: Shikha Sinha

Alibaba, China’s online retail giant has reportedly conducted the largest internet transaction in the history of Turkey to date. Through this deal with Trendyol, a leading mobile commerce company in Turkey and the MENA region, Alibaba plans to expand its presence in Turkey, say sources. As ... Read More

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