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LTA Singapore awards S$18.8M contract to Siemens & ST Engineering
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
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
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
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
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
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
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
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
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
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