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HAPSMobile wins federal approval to fly unmanned aircraft above Hawaii

Published Date: 2019-08-09         Author: Shikha Sinha

The development of HAWK30 focuses on providing an enhanced stratospheric telecommunication platform Japan based HAPSMobile- a subsidiary of SoftBank Corp., has reportedly confirmed that it has received an Authorizing Certificate from US Federal Aviation Administration to fly HAWK 30, a solar oper... Read More

Fox takes over Bob’s Burgers creator Bento Box to expand its portfolio

Published Date: 2019-08-08         Author: Pankaj Singh

Fox Corp., an American television broadcasting company, has reportedly announced the acquisition of Bento Box Entertainment, an animation studio and creator of the popular sitcom Bob’s Burgers. Seemingly, the financial terms were not disclosed yet, while the acquisition was rumored to be at a ... Read More

FEMSA to ink joint venture deal with Raizen Conveniencias in Brazil

Published Date: 2019-08-07         Author: Shikha Sinha

Mexico based Fomento Economico Mexicano (FEMSA), a leading retail and beverage company, has reportedly announced that it will sign an agreement with Raizen to enter into a 50-50 joint venture. The collaboration aims at creating a powerful platform for FEMSA in the convenience store market in Brazil ... Read More

Tesco announces nearly 4,500 job cuts as it overhauls Metro stores

Published Date: 2019-08-06         Author: Pankaj Singh

Reports confirm that Tesco, the U.K. supermarket giant, has recently announced that around 4,500 jobs at 153 Tesco Metro stores are about to be lost as part of the firm’s recent round of redundancies. Apparently, the largest grocer in the UK stated that it is changing the way the stores operat... Read More

Temasek pours in USD 100M in pharma major Ascent Health and Wellness

Published Date: 2019-08-05         Author: Pankaj Singh

Singaporean holding company Temasek is reportedly on the verge of finalizing a funding round in Ascent Health and Wellness. Sources claim that the equity financing round is close to a projected USD 100 million. The investment is a part of the many funding initiatives that are being undertaken by ... Read More

Vostok New Ventures pours in $71 million in Babylon Holdings

Published Date: 2019-08-03         Author: Pankaj Singh

Babylon Holdings announces new investment cycle to fund product innovation and international expansion. Vostok New Ventures plans to invest over $71 million in the upcoming round. Bermuda based Vostok New Ventures Limited’s major holdings, Babylon Holdings Limited, reportedly announc... Read More

FIS acquires Worldpay Inc. to improve global technology position

Published Date: 2019-08-02         Author: Pankaj Singh

Apparently, some former executives of Worldpay will be hired for key leadership roles at FIS. FIS has reportedly announced that it has closed acquisition of payments firm Worldpay, Inc. to enhance its global technology position serving banks, capital markets, and merchants. The com... Read More

Elasticsearch Service now available on Japan’s Google Cloud Platform

Published Date: 2019-08-01         Author: Pankaj Singh

Elastic N.V. will focus on enabling its customers in Japan to adopt cloud computing. Elastic N.V., a search company that builds self-managed and SaaS offerings, has recently announced that its search engine Elasticsearch Service is now available in Tokyo. According to reports, the move would mark... Read More

Lyndra Therapeutics to develop ‘once-a month’ birth control pills

Published Date: 2019-07-31         Author: Shikha Sinha

The company has received a grant of USD 13 Million from the Bill and Melinda Gates Foundation. This grant focuses upon meeting the unmet therapeutic needs for women health. Lyndra Therapeutics, the company that has literally rendered daily pills obsolete, has reportedly announced receiving... Read More

Medical devices firm Quanta Dialysis raises $48M in new funding round

Published Date: 2019-07-30         Author: Pankaj Singh

The funds are reported to support the United Kingdom commercial launch and FDA 510 (k) submission later in 2019. UK-based Quanta Dialysis Technologies Ltd, has reportedly announced that it has successfully raised an amount of USD 48 million in the initial closing of its Series C funding round. ... Read More

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