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Liberty Steel buys ArcelorMittal’s Europe assets in a €740m deal
Liberty Steel, an industrial and metals company, has reportedly acquired five service centers and seven steel making units from Lakshmi Mittal's ArcelorMittal in Europe, for an agreed price of 740 million euros. Sources close to the matter informed that Liberty Steel, a company owned by India... Read More
SAA set to lease A350s to fly between Johannesburg and New York
The new aircrafts claim to reduce 20% of fuel burn as compared to the currently used A340. Along with SAA, another airline leasing two A350s later this year is Fiji Airways. South African Airlines (SAA), the Government of South Africa owned flag carrier has reportedly announced to be addi... Read More
Amazon launches package pickup service in the US at Rite Aid stores
Ecommerce giant Amazon has reportedly introduced a new package pickup service, known as Amazon Counter, that enables retailers to manage the collection of parcels for customers and increase their footfall. Apparently, the idea behind this move is that the customers entering the store to collect a pa... Read More
DXC, Zafin team up to enable users transform product and pricing approach
Leading independent end-to-end IT services company, DXC Technology, has reportedly forged an alliance with Zafin, a leading supplier of product and pricing control solutions for financial institutes, for empowering DXC’s core banking clients to make a strategic response as per the fluctu... Read More
Healthcare start up Cure.fit raises $120M in series D funding round
The company aspires to serve 100 million consumers over the next 10 years by leveraging a strong on-ground network The Bengaluru-based, health and fitness startup Cure.fit has reportedly raised an amount of $120 million led by Chiratae Ventures, a leading tech venture capital fund company in seri... Read More
System Seals buys Austrian seal manufacturer Plastoseal Produktions
The acquisition will witness the company catering to a larger market. Ohio-based System Seals Inc., an industrial leader in reliable performance seals has announced to have acquired Austria based seal manufacturer, Plastoseal Produktions. According to trusted sources, the transaction will enh... Read More
Lufthansa shifts Eurowings unit strategy to concentrate on short hauls
Deutsche Lufthansa AG, the largest German airline, has reportedly adjusted its dividend policy and recently announced a revamp of its low-cost Eurowings unit, in hopes of soothing worried investors only a week after it issued a second profit warning for this year. Citing reliable sources, Lufthan... Read More
Teijin inks deal with Healthy Grain for BARLEYmax sales rights in Asia
Teijin has initiated sales where they expect to expand their market based on the view of expanding business globally Teijin Limited, a technology driven Japanese company, recently announced that it has inked an agreement with The Healthy Grain Pty. Limited, a venture company from Australia, to bu... Read More
Jensyn Acquisition concludes business combination with Peck Electric
Jensyn’s existing management will be replaced by the senior management of Peck following the closing of business combination. The New Jersey headquartered – Jensyn Acquisition Corp. a special purpose acquisition company (SPAC), has announced to have completed its previously ann... Read More
Panera Bread tries new dinner menu in US to offer more food options
Panera Bread has recently confirmed that it will be trying out its new dinner-centric menu in a string of restaurants during the next month in Lexington, Kentucky, before expanding to locations in Providence, Rhode Island, by September. Dan Wegiel, Chief Growth and Strategy Officer, Panera Bread, in... Read More