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UK-based chip design subsidiary all set to acquire Treasure Data Inc.
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
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
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
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
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
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
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.
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
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
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