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ComfortDelGro unveils aggressive expansion plans in Australia
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
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
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
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
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
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
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
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
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
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