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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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