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Siemens & Bentley expand partnership to develop new digital solutions

Published Date: 2018-08-29         Author: Shikha Sinha

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: Saipriya Iyer

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: Shikha Sinha

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: Shikha Sinha

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: Pankaj Singh

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: Pankaj Singh

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: Pankaj Singh

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: Pankaj Singh

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

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