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Akshay holds a Bachelor’s degree in computer engineering. Despite having a penchant for software development and the like, Akshay took to writing as a career owing to his passion for the field. Presently, Akshay writes articles for itresearchbrief.com and a few other portals. He has also worked awhile in web development, and expertly harnesses his knowledge of the degree to his professional advantage in content development.
British Steel, the U.K.-based long steel products firm owned by Hebei Jingye Steel Structure Technology Co., Ltd., is reportedly set to announce the shutdown of its closing ovens in Scunthorpe, subsequently resulting in the cut down of under 300 work...
Zoom Video Communications, the US-based technology company, has reportedly announced its plans to cut back around 15% of its employees as the company, that was overly used during the pandemic, faces slower growth. Eric Yuan, Zoom CEO, broke the ne...
SMS messages sent by organizations that are not registered with the Infocomm Media Development Authority (IMDA) would be reportedly marked as 'likely scam' starting January 31. In an effort to combat the scam outbreak in Singapore, IMDA st...
Uniqlo, a fashion chain based in Japan, has reportedly announced a pay hike for its workforce in Japan by over 40%. Fast Retailing stated that the new compensation policy will take effect in early March for full-time staff at its headquarters and ...
Recent figures reveal that food price hikes in the U.K. have reportedly reached a new high in December, as retail sector leaders warned that the rising inflation would persist in 2023 as a result of soaring energy bills. Based on the most recent m...
Following Daegu Metropolitan City’s plans to allow big retail outlets to remain open during the weekends, the city governments of Gwangju and Daejeon are reportedly considering the same idea. The government is actively exploring options to let ...
Micron Technology, the leading memory chip manufacturer based in the United States, has reportedly estimated that the worst industry shortage in over a decade will make it challenging to return to a profitable business in 2023. The firm announced ...
Elon Musk, the American business magnate and the CEO of Tesla, has reportedly sold another $3.58 billion worth of Tesla shares this week without providing any details regarding the purpose of the move. The Tesla CEO sold the shares this week between ...
Healthcare major Aster DM Healthcare has reportedly stated that it has inked a pact with Iraq's Faruk Medical City to develop healthcare services in the country. In a regulatory filing, Aster DM Healthcare said the firm had inked a contract with ...
Elon Musk, CEO of Twitter, has reportedly added new features to the social networking platform, which are a part of his plans to revamp the microblogging site. Musk discussed important updates like audio and video calling and message encryption in th...
Incap UK, an electronics manufacturing service provider, is improving its machinery at its plant in Newcastle-under-Lyme by installing an automatic optical inspection device. This machine will have a larger maximum PCB load size, Z-axis, angled camer...
Seed Group and Apeejay Education, one of the world's leading educational groups and a part of The Apeejay Stya and Svran Group, have joined forces to enhance the quality of education and develop cutting-edge teaching strategies. Seed Group is an ...
A US court has rejected a $2.2 billion (£1.9 billion) merger between Penguin Random House, one of the largest book publishers in the world and Simon & Schuster, a reputed publishing rival. Earlier this week, US District Judge Florence Pa...
A study recently carried out by the US Waterkeeper Alliance, which is an environmental non-profit network, found that more than 80% of the country’s waterways were likely to be contaminated by toxic PFAS or ‘forever chemicals’. T...
India's largest indigenous management consulting company, Vector Consulting Group, recently announced its debut in the Indonesian market to expand its global reach. With the launch of its operations in Indonesia, Vector Consulting Group will r...
Brookfield Asset Management is in discussions with Greenko to invest around $1 billion in the firm as the Hyderabad-based green energy startup intensifies its efforts to provide reliable energy solutions. The collaboration with Brookfiel...
Lepaya, the Amsterdam-based power skills training provider, has reportedly acquired German digital communications trainer, vCOACH to expand in new markets and fortify its market presence. The deal comes on the back of Lepaya’s extra investment ...
Next-generation dental care firm, SmileDirectClub, Inc., with its novel MedTech platform for teeth straightening, has reportedly announced a manufacturing technology for its advanced retainers in the firm’s FDA-authorized Smile Labs located in ...
Beetel Teletech Ltd. and Indio Networks Pvt. Ltd. have recently announced a new distribution agreement. As part of this partnership, Indio's extensive line of wireless networking devices and solutions, which are designed for managing public and p...
American retailer Walmart Inc. has reportedly reached a deal with Paramount Global to offer Paramount+ streaming service to its members in an effort to effectively compete with Amazon.com Inc. Walmart+ subscribers will get access to Paramount's U...
Snap Inc. is reportedly in the early stages of planning for job cuts, which are being driven primarily by the company's recent underwhelming financial results. The cutbacks are planned because the instant messaging service failed to forecast reve...
BMW, the German luxury automaker, believes the controversy over its subscription service for heated seats and steering wheels will soon be over. The automaker is placing abundant faith in its digital services to not only enhance customer experience b...
The country wants battery-electric and hydrogen fuel-cell electric vehicles to account for 90% of new automobile sales. There are also plans to add 70 chargers to the public infrastructure network by 2023. Australia is reportedly gearing u...
Amazon.com Inc. has recently announced that it would increase Prime subscription rates in Europe by up to 43% annually as it seeks to offset rising costs just days before it releases its quarterly financial results. The price increase comes after ...
Google News has finally been reopened in Spain after eight years since it was shut down. The popular service was pulled from the country in 2014 after a rule that forced Google as well as other news aggregators to pay publishers for their content. ...
Hyundai Motor Company and Michelin have reportedly joined forces by signing a Memorandum of Understanding (MoU) for advanced research and development to produce next-generation tires for premium electric vehicles in the upcoming three years. The c...
Since the crypto markets have been in a tailspin, investors in the industry have been on the fringes, reportedly dreading a critical downturn in the economy if not managed on time. Bitcoin, the most popular cryptocurrency, has lost 37% this month ...
Oracle Corp., a cloud and enterprise software company, has reportedly outperformed Wall Street expectations in terms of quarterly earnings and revenue, as more firms raised their cloud spending while migrating to a hybrid work environment. In exte...
Google LLC will reportedly pay USD 118 million to resolve a gender discrimination class-action lawsuit that includes 15,500 women. Based on the verdict, the Alphabet-own tech giant will also hire an independent labor economist to review its hiring pr...
As part of an inquiry into global digital platforms, the Australian antitrust officials have registered a case against Airbnb Inc., alleging the hotel aggregator to have tricked customers into paying more for their stays than was advertised. Accor...
Cafe company Tata Starbucks Private Limited has reported a 76% increase in its revenue to USD 81 million for the financial year 2021-22, as its net loss reduced significantly with easing Covid restrictions. According to the latest annual report by...
The new large-size commercial vans are planned for mid-2024 and mark Toyota’s first entry in this segment. Paris-listed shares of Stellantis surged by 1.6% following the development. Stellantis N.V. is reportedly planning on expanding...
Norwegian Air Shuttle ASA, Norway's largest low-cost airline, has reportedly placed orders with The Boeing Company for 50 Boeing 737 MAX 8 planes and secured options for 30 more planes, the prices of which have not yet been revealed. Sources c...
In North America, Hyundai Motor Company is recalling about 281,000 vehicles over concerns that the seatbelt pretensioners could explode accidentally, project metal fragments, and eventually cause injuries. For those unaware, the seatbelt pretensio...
BMW is reportedly exploring new investments in geothermal, solar, and hydrogen energy to reduce its dependence on natural gas, according to Milan Nedeljkovic, the company's Production Chief who signaled that a Russian gas embargo might bring the ...
JetBlue Airways has reportedly filed a hostile takeover attempt for Spirit Airlines after the low-cost carrier rejected a USD 3.6 billion acquisition deal to merge with Frontier Airlines. JetBlue, which had offered USD 30 per share to Spirit Airli...
Israel-based Bookaway Group has reportedly raised USD 35 million in a Series C funding that was spearheaded by Red Dot Capital Partners, along with added investments from Menorah and Tel Aviv listed insurance giant, Tenere Capital. The latest roun...
Paymob, an Egypt-based fintech firm, has reportedly raised USD 50 million in a recent Series B fundraising that was led by Clay Point, Kora Capital, and PayPal Ventures. The latest round brings the company’s total funding to USD 68.5 million. ...
Under Armour has predicted full-year profit below Wall Street expectations, over concerns such as higher shipping costs and damage to the company’s sales from China's repeated COVID-19 limits. It is worth noting that while global economi...
Swedish luxury automaker Volvo Cars is reportedly planning to electrify its entire product portfolio in the U.S. in the year 2023 which will include plug-in hybrids, mild hybrids, and fully electric models. The carmaker cited that the new strategy wi...
The European Commission recently estimated that up to 80% of the region’s population is infected with the COVID-19 virus. The development comes as the emergency phase of the outbreak comes to an end, with mass reporting of cases no longer being...
Zubale specializes in quickly connecting temporary workers with businesses in need of labor. The company expects to triple its revenues by 2022. Mexico-based e-commerce start-up Zubale, which connects gig workers with stores or warehouses t...
Netflix Inc has reportedly planned to introduce cheaper, ad-based tiers to consumers over the next two years, as the streaming giant looks to increase its subscriber base amid tougher competition. Reed Hastings, the Co-Chief Executive of Netflix, re...
CoinDCX, an Indian crypto exchange firm has reportedly raised USD 135 million in a fresh funding round which has taken the company’s valuation to USD 2.15 billion (post-money) in eight months. According to the company, the latest Series D inve...
Flipkart’s e-commerce platform Shopsy, which was launched last year, is reportedly aiming to reach 100 million users this year, becoming one of the largest platforms in the country. The COVID-19 pandemic accelerated consumers’ shift from ...
According to a recent study by China Passenger Car Association, the country’s strategy to combat COVID-19 has severely affected its electric vehicles factories’ output in March with Tesla Inc.’s operations in Shanghai barely making ...
The U.S. chipmaker will continue to support its 1,200 Russian employees. Even GlaxoSmithKline has now suspended imports of vitamins into Russia. According to reliable sources, Intel Corporation has halted its business operations in Russia, foll...
Initial outcomes of a thorough investigation by India's antitrust agency have reportedly found Google's billing structure for app developers to be discriminatory and unfair, which is setting the path for future penalties for the organization....
VinFast is reportedly planning to build worth USD 2 billion electric vehicle factory in North Carolina, the U.S., doubling down on its efforts to join the competitive global electric vehicle market. The Vietnamese automaker aims to produce electric b...
Since it began operations in India in 2007, Lamborghini has delivered 400 Lamborghinis throughout the country, representing an 86% increase. With outlets in Mumbai, Bengaluru, and Delhi, Lamborghini has outperformed its rivals in the ultra-luxury mar...
The resort will have 20 personal tents, with one presidential gazebo and two interwoven canopied suites. This new addition will join Marriott Bonvoy's massive range of 8,000 hotels across the world. Marriott International Inc. is reportedly ...
India’s largest retailer in terms of revenue, Reliance Retail, has reportedly acquired an 89% equity stake in Clovia for USD 125 million. The D2C brand is owned and run by Purple Panda Fashions Pvt. Ltd. and will help the retailing giant expand...
Hyundai Motor Company has reportedly inaugurated Hyundai Motor Manufacturing Indonesia – its first production plant in Southeast Asia, located near Cikarang at the Deltamas industrial complex, Indonesia. The plant is expected to be an importan...
Amazon.com Inc. has taken an offensive stance in its longstanding dispute with two Indian retailers, accusing them on various newspaper ads as ‘fraud’ after Reliance Industries suddenly acquired several Future Retail stores. Amazon has c...
U.S. automotive giant Ford Motors Co. has reportedly unveiled its plan of launching 7 electric models in Europe, a battery assembling plant in Germany, and a nickel cell manufacturing unit in Turkey to double down on its EV push in the continent. In...
The global supply chain had just begun to recover from the prolonged COVID-19 pandemic when Russia unleashed a war on Ukraine. The 145-year-old London Metal Exchange was halted nickel trading and canceled trades last week, after the doubling of pric...
Pfizer Inc. recently announced that it has started a middle-to-late-stage study of its COVID-19 pill for non-hospitalized kids aged between 6-17 years, who are likely to be at high risk of developing severe disease. Pfizer's antiviral pill, Paxl...
Automotive giant Stellantis reportedly expects to double its revenue to USD 335 billion a year by 2030 while maintaining high-profit margins as it intensifies its efforts to roll out electrified versions of its popular cars, RAM pickup trucks, and Je...
Entering late in the battery electric vehicle (BEV market), Toyota Motor Corp is now looking to close the gap with its rivals by directing all its efforts towards making its first mass-market model safer and economical in terms of mileage. Masaya Ya...
Several Russian users have been barred from using Google Pay and Apple Pay services after the United States imposed heavy sanctions on the nation for invading Ukraine. Customers reported that they were unable to use bank cards with Google’s and...
Spotify is reportedly acquiring two prominent podcast marketing and ad attribution firms, Podsights and Chartable, to assist advertisers on its platform in understanding how podcast ads will influence the desired response to their revenue growth. Po...
Singapore has reportedly approved the COVID-19 vaccine developed by Novavax for those above 18. It is the first non-mRNA vaccine that will be given as a booster shot, as recommended by EC19V (Expert Committee on COVID-19 Vaccination). Singapore&rsqu...
As the threat of Covid-19 infections continues to rise, Pfizer Inc. has reportedly applied to the U.S. Food and Drug Administration (FDA) for the authorization of two doses of their Covid vaccines to children aged less than five years. It is worth n...
The United States was averaging at around 540,000 new cases daily on Friday. Some states including Washington and Montana are still reporting a surge in infection rates. Nationwide COVID-19 cases in the United States have been declining as a maj...
Moderna Inc. recently announced to have started giving adult patients its Omicron-specific COVID-19 vaccine booster shots as a part of a clinical trial. The announcement comes just one day after Pfizer and BioNTech started their clinical study of a c...
Renault S.A., Mitsubishi Motors Corp., and Nissan Motor Co. are reportedly planning to triple their investment to co-develop electric vehicles (EVs). The French Japanese automotive alliance is planning to strengthen their cooperation as established a...
Your-Space, a student housing startup, has secured USD 10 million in Series A funding from a group of investors to help it further expand its services. The company managed to secure fresh investments through a combination of pure-equity as well as co...
Audi India is reportedly expecting double-digit sales growth in India this year, despite concerns about the growing number of coronavirus infections in the country. Sources claim that the company has a few new products in the works, including it...
Countries like Israel and Britain are reportedly looking to revamp their COVID-19 testing policies as they seek to alleviate the burden on testing labs and cope with low kit supplies amid surging infections due to the Omicron variant. During this ti...
Samsung Electronics Co. Ltd. is set to deliver a record Q4 profit due to strong demand for server memory chips and stronger margins in contract manufacturing, according to analyst estimates. Sources state that operating profit for the world's la...
Pfizer’s antiviral pill demonstrated a whopping 90% efficacy rate in preventing hospitalization and deaths. Merck’s molnupiravir has seen some setbacks after France canceled its order in December. Belgium has reportedly agreed to pr...
Indian automotive giants Tata Motors and Mahindra & Mahindra Ltd. are reportedly looking into ways to deal with the global semiconductor chip shortage in 2022 to avoid any production disruptions. The development comes as the duo managed to capita...
According to reliable sources, the number of financial jobs migrating from Britain to the European Union owing to Brexit has been lower than initially estimated. The situation prevailed even as London was deprived of its access to most EU markets aft...
U.S. retail sales reportedly grew at a lower-than-expected rate in November, which was most likely an effect of citizens flocking to stores during the previous month to avoid empty shelves before the upcoming holiday season. A notable shift from hea...
Novavax COVID-19 vaccine will be for children aged from 3 and above. Serum Institute of India (SII) has decided to halt vaccine production as supply has outpaced demand. World's largest vaccine manufacturer, Serum Institute of India, in...
Indian ride-hailing giant Ola has reportedly raised USD 139 million and is now valued at USD 7.3 billion. The news comes ahead of Ola’s planned initial public offering (IPO) which is scheduled for the first half of 2022. The recent fundraising...
Daimler India Commercial Vehicles Pvt. Ltd., a subsidiary of German automotive corporation, Daimler AG has registered a net loss of over USD 57.2 million for the fiscal year ended March 2021, making it the fourth consecutive year that the company has...
Baidu's robotaxi service Apollo Go is reportedly planning to expand its footprint to at least 65 cities by the end of 2025 and over 100 cities by the year 2030. Confirming the news, Baidu's co-founder Robin Li stated that Apollo Go’s s...
Wireless power technology company Spark Connected is reportedly collaborating with Auto X, a leading autonomous driving firm, to integrate wirelessly powered sensors in level 4 autonomous vehicles (AVs). In its wireless power solutions journey till ...
Uber is reportedly considering partnering with New York City's yellow cabs to dispatch them through their apps and compensate for the company’s recent driver shortages. This will be a supplement to its private hire service Uber X, and will ...
Insurtech startup Acko becomes the latest Indian startup to achieve unicorn status, following over three dozen others in the world's second-largest internet market this year. The Bangalore-based business has announced to have secured USD 255 mil...
Bangalore-based fintech startup CRED has reportedly secured USD 251 million in Series E funding round led by Tiger Global Management LLC and Falcon Edge Capital LP. This is the company’s third funding round in 2021. If sources are to be believ...
United States-based startup Power Global is reportedly planning to invest USD 25 million to develop a lithium-ion battery manufacturing unit as well as battery swapping infrastructure in India in the coming years. The company is constructing a one-g...
South Korea-based AI investment solution company Fount has reportedly raised USD 33.4 million in a Series C funding round. The company intends to use the fresh funds to acquire a new talent and boost its machine learning platform development. Fount ...
Demand for cars and after sales services has increased since the second half of June 2021. The company has reportedly sold 8,958 units during the first three quarters this year. Mercedes Benz India Limited is likely to surpass the 10,000 unit sa...
The retail arm of Reliance Industries, Reliance Retail Ventures Limited (RRVL), has recently signed an agreement with U.S.-based multinational chain 7-Eleven, Inc. for opening 7-Eleven stores in India via its fully owned subsidiary, 7-India Convenien...
BevCanna aims to strengthen its presence in the North American market in the coming years. UNFI Canada will distribute BevCanna products to retailers throughout the country. BevCanna Enterprises, Inc., a leading producer of health & wellness...
Volvo Car Group has reported a 30.2% drop in sales in the last month, primarily due to the global chip shortage which has significantly affected the Swedish automotive giant’s production. The company’s global sales had reached 47,223 unit...
Online learning platform Vedantu has reportedly secured USD 100 million during a Series E funding round. The company is now the latest Indian startup to join the Unicorn club following a strong growth year. The latest funding was led by Singapore-ba...
Major e-commerce platforms Amazon Inc. and Flipkart are reportedly preparing to capitalize heavily on the upcoming festive season in India. Both firms seek to overtake each other in the race to reach online shoppers first. Recently, Flipkart had ann...
Tesla Inc. has reportedly enabled more drivers to access the beta of its Full Self Driving (FSD) program via a ‘request’ button on the car’s dashboard screen. This news comes despite serious concerns expressed by the head of the Nat...
Shares of AstraZeneca plc have witnessed a substantial hike after it revealed positive results from Enhertu trials, a breast cancer drug candidate which is being developed by the British drugmaker. If sources are to be believed, Enhurtu reduced the ...
Investors controlling over USD 2.5 trillion have reportedly urged governments to require auditors and companies to align their financial reporting methods to accommodate the world’s net-zero emissions target. A letter addressed to COP26 Presid...
Indonesia is in discussion with the World Health Organization (WHO) together with six pharma companies to establish itself as a global vaccine manufacturing hub, as stated by the country’s health minister. Budi Gunadi Sadikin mentioned that In...
Glassdoor, a platform where current and former employees anonymously review companies, has recently acquired Fishbowl, which also offers the same feature, as well as options to join interest-based conversation groups to chat about work and search for...
Chevron, an American multinational energy corporation, is reportedly planning to manufacture a sustainable aviation fuel test batch at its El Segundo Refinery. The company seeks to sell the test batch to Delta Air Lines at Los Angeles International A...
The Gurgaon-headquartered logistics firm Delhivery has reportedly secured USD 76 million from Lee Fixel’s firm, called Addition LLC, during a Series l funding round. This development comes after the startup had bagged USD 100 million from FedEx...
Biotech company Gannex Pharma Co. Ltd. recently announced that the China National Medical Products Administration (NMPA) accepted its clinical trial application of ASC42 for treating patients with primary biliary cholangitis (PBC), a chronic form of ...
Social news aggregation and discussion website Reddit has reportedly banned an active subreddit created for spreading misinformation about COVID-19. The decision comes after several other subreddits demanded that the site administrators act against t...
Fitness tracker startup Whoop has raised USD 200 million in a new funding round led by Japan-based SoftBank’s Vision Fund 2, valuing the company at USD 3.6 billion. With the fresh capital, the valuation of the wearables company has tripled sinc...
Two of the greatest players in the Indian payments sector, HDFC Bank and Paytm have entered into a strategic partnership to share their networks and jointly offer payment solutions like point-of-sale machines, payment gateways, and credit products to...
South Korea-based online thrift marketplace Danggeun Market has reportedly raised USD 162 million in a Series D round led by DST Global, pulling the company’s valuation to USD 2.7 billion. The round also saw contributions from existing investo...
HSBC Holdings has agreed to purchase assets of Axa Singapore for USD 575 million, a move that will help the banking giant to expand its wealth-management business in Asia. The deal is considered to be HSBC’s largest acquisition since merging it...
US-based video-game software developer Unity Technologies has reportedly agreed to acquire Parsec, an application that enables gamers and creative professionals to work together from anywhere across the world. Under the agreement, Unity Technologies...
Instead, Sustainable Aviation Fuel (SAF) is being considered as an alternative to fossil fuel. The U.S. government is likely to provide a minimum of USD 2 as an incentive on each gallon of SAF sold. U.S. President Joe Biden’s administratio...
YouTube content creators are in for a treat, with the platform offering to pay anywhere between USD 100 and USD 10,000 for their videos on the company’s TikTok-rival Shorts. The company has reportedly launched a USD 100 million YouTube Shorts F...
The U.S. Federal Reserve in its recently issued policy statement that remained upbeat and mentioned continued discussions about the ultimate withdrawal of monetary policy support stated that the country’s economic recovery is still on track des...
The new plant, which is called the “Project Tera” will be launched in the U.S. Rivian expects to create around 10,000 job opportunities with the new assembly plant. American electric vehicle maker Rivian Automotive LLC has reportedl...
Apparel-centric platform GOAT Brand Labs has reportedly raised USD 36 million in its first funding round that was led by Flipkart Ventures, Tiger Global Management, and Mayfield. The new funds involve a mix of equity and debt. Other investors in the...
Japanese automakers Suzuki Motor Corp. along with Daihatsu Motor Co. Ltd. are joining the commercial EV coalition led by Toyota Motor Corp. to launch electric vehicles by providing small affordable cars by 2025. For those unaware, the Commercial Jap...
Chennai-based aquaculture startup, Aquaconnect has reportedly raised USD 4 million in a pre-Series A funding round led by Flourish Ventures and Rebright Partners. The event also saw participation from new companies like 6G Capital and AgFunder, and c...
The move comes as several restaurants are facing worker shortages during their recovery efforts. McDonald’s and its franchisees will co-fund the added benefits through a multimillion-dollar investment. McDonald's franchisees have star...
American technology company, Texas Instruments Inc. has recently introduced a high-performance microcontroller (MCU) portfolio, coined Sitara AM2x MCUs, featuring improved analytics, real-time control, and networking applications. Using the new MCUs...
Artificial intelligence-based facial recognition startup AnyVision recently announced that SoftBank and Eldridge led its USD 235 million funding round, as it witnesses increasing buyers for AI surveillance despite the ethical concerns and debates ass...
IDE Water Technologies has reportedly signed an agreement with MCGM (Municipal Corporation of Greater Mumbai) to develop a seawater desalination plant that can be further expandable up to 400 MLD. For the unversed, Israel’s IDE Water Technolog...
TPG Telecom in partnership with Nokia has reportedly launched the world’s first live 5G standalone network service on a 700MHz spectrum band in Australia. The 700MHz spectrum band is the lowest frequency band in the country and its range would...
Multinational tech giant IBM Corp. is reportedly planning to offer telecom operators Telefónica, S.A. and Verizon Communications Inc. new services ranging from artificial intelligence technology to running 5G solutions through a cloud platform...
Multinational tech giant, Microsoft Corporation, has reportedly marked another major milestone after its market capitalization reached USD 2 trillion for the first time. The Washington-based tech giant comes second to only Apple as the world’s...
Univision Communications Inc., America’s first Spanish language television network has announced its plans for a comprehensive global streaming service that will host both premium-subscription-based, and free ad-supported options, to be availab...
Porsche AG is reportedly planning to enter a joint venture agreement with Custom Cells, a Germany-based lithium-ion battery maker. The automotive giant intends to develop superior car batteries with high energy density in its current electric cars th...
Integrated travel services firm Thomas Cook India together with SOTC Travel Ltd. have reportedly launched a scheme that provides Indian customers the freedom to first enjoy the vacation and then pay after returning from the trip. They have also imple...
Motorway, a U.K. car bidding & selling platform, has reportedly secured USD 67.7 million during a Series B round that was led by Index Ventures in tandem with new investors including Unbound and BMW i Ventures. Existing investors such as Marchmon...
Ferrari has hired 52-year old tech executive Benedetto Vigna as its next CEO. The company intends to launch its first fully electric supercar in 2025. In a bid to adapt to the new electric era, Italian luxury sports car manufacturer Ferrari S.p...
London-based Vault Platform has reportedly secured USD 8.2 million in a Series A funding round led by Google’s artificial intelligence-focused Gradient Ventures. The funding round also saw participation from Illuminate Financial as well as exis...
Mercedes-Benz has recently announced to use CO2-free steel from 2025 for its vehicle production. This move by the German luxury carmaker is in line to achieve carbon neutrality by 2039, under its Ambition 2039 project. The company further aims to mak...
Indian motorcycle manufacturer TVS Motor Company Limited is reportedly launching two new vehicles in Iraq and opening a new showroom in Baghdad. The move will allow the multinational motorcycle company to reinforce its presence in the country. The n...
The U.S. National Highway Traffic Safety Administration (NHTSA) recently announced that two models from Tesla’s vehicle lineup won’t be labeled as having some of the advanced safety features as the company is transitioning to a camera-bas...
Digital health & weight loss platform Noom has reportedly secured USD 540 million in a Series F funding round which was led by global private equity firm Silver Lake Partners. The latest funding round also saw the participation from other invest...
Faculty Science Ltd., a British AI startup, has reportedly secured USD 42.5 million during a growth funding round which was led by a private equity firm Apax Digital Fund. According to reliable sources, Faculty has now secured a total of USD 56.6 mi...
Yum! Brands-owned restaurant chain Pizza Hut and the renowned plant-based meat producer Beyond Meat have reportedly extended their partnership by introducing new vegan menu items in Canada. Sources with relevant information stated that exactly three...
The profit margin of JD Logistics has risen by 8.5% between January and September 2020. The revenue share from external customers also increased by 43.4% in the same period. JD Logistics Inc. a subsidiary of Beijing-based e-commerce company JD.c...
American multinational automaker Ford Motor Company recently revealed the name of its new electric pickup truck, the F-150 Lightning. Sources close to the matter stated that the pickup truck will debut on 19th May in Dearborn, Michigan. The launch e...
Finnish multinational telecommunications giant Nokia Corporation has recently announced that it will assist Swisscom in upgrading the Swiss operator’s existing transport infrastructure to a fully automatic and superior capacity optical transpor...
Denver, Colorado is now the third major city, after Los Angeles and San Francisco, to see Amazon packages being delivered by Rivian electric vans. The largest online retailer has been using Rivian electric vans for delivery services across three citi...
Indonesian mutual fund investing application Bibit has reportedly raised USD 65 million in another growth funding round led by Sequoia Capital India, which led a USD 30 million growth round in the app four months back. The latest round included part...
California-based multinational technology company Google LLC has announced an update for the Google Assistant, the popular artificial intelligence-powered virtual voice assistant. By launching this update, the company aims to improve contextual aware...
The U.K. government recently announced that it will regulate the use of self-driving vehicles on highways at low speeds, with the first of such vehicles hitting the public roads by the end of this year. In slow-moving traffic, drivers may soon be ab...
The World Health Organization (WHO) is showing signs of leaving no stone unturned in assisting India contain the massive surge in coronavirus cases after it recently announced its plans for supplying oxygen and other critical supplies for the country...
MG Motors India has recently announced its partnership with Devnandan Gases, a Gujarat-based oxygen gas producer, to boost the production of medical oxygen. The announcement comes as the nation reels in an acute shortage of oxygen tanks stemmed from ...
The plant-based meat market has been witnessing significant expansion off late, with an increasing number of startups eyeing worldwide expansion to cater to the growing demand for organic foods. One such company, Impossible Foods Inc., is reportedly ...
Tencent Cloud has announced the launch of an Internet Data Center (IDC) in Indonesia, to provide customers with backbone access through improved networking and border gateway protocol capabilities. The Chinese tech giant said that the investment is ...
The clinical tests of Pfizer’s drug included adolescents as well as adults with moderate-to-severe atopic dermatitis. The inhibitor had showed positive results and high efficacy for treating eczema. In recent developments, American multina...
Ceragon Networks Ltd., an Israel-based networking equipment vendor, has reportedly been chosen by the Brazilian subsidiary of Telecom Italia, TIM Brazil. The duo will participate in the TIP (Telecom Infra-Project) and INATEL (National Telecommunicati...
Google LLC, an American multinational technology firm, has recently released a new feature to its highly popular web mapping service Google Maps. According to reliable sources, the new feature will direct drivers towards routes that create the lowes...
In recent developments, California-headquartered aerospace manufacturer and space transportation service provider, Space Exploration Technologies Corporation, commonly known as SpaceX, has successfully launched its Falcon 9 rocket from the Cape Canav...
Intel Corp. an American multinational technology company is reportedly planning to expand its manufacturing capacity. The CEO Pat Gelsinger has announced a USD 20 billion project to set up two chip manufacturing factories in Arizona, U.S. and open up...
South Korea-based multinational electronics giant Samsung Electronics Co. Ltd. has reportedly launched a series of new high-resolution monitors to boost its sales amidst the rising trend of online learning and working remotely. According to reliable...
One MobiKwik Systems Pvt. Ltd., an Indian technology company that provides digital payment solutions, is reportedly planning to go public before September 2021 through an IPO in order to raise around USD 200-250 million. The company is currently loo...
In a recent turn of events, U.S.-based electric vehicle manufacturer, Lordstown Motors Corp. has been accused of allegedly misleading investors about the legitimacy of its preorders as well as its readiness to start production this year. The allegati...
Nokia Corporation, Finnish multinational telecommunications, IT, and consumer electronics giant, has reportedly partnered with major cloud providers, including Amazon, Microsoft, and Google Cloud for developing 5G solutions. Tomi Uitto, Nokia Presid...
Facebook has been witnessing considerable growth in the recent past, especially in developing economies. The American technology conglomerate has made another key move to cater to these markets by officially launching Instagram Lite, a smaller Androi...
Microsoft Corporation’s upcoming addition to the Surface lineup, the Surface Laptop 4, will reportedly include both Intel and AMD options. Sources with knowledge of the matter stated that AMD will use chips from the Ryzen 4000 mobile series, su...
Renowned micro-blogging and social networking service Twitter Inc. has reportedly launched its audio chat room platform Spaces for Android users. Confirming through a tweet, the American tech giant confirmed that the beta version of Spaces has been e...
American hybrid cloud data services and data management company NetApp has announced to have signed a multi-year joint venture agreement with the Aston Martin Cognizant Formula One team to support the automotive giant prepare for its return to Formul...
California-headquartered insurance technology company Trov, Inc. has reportedly initiated a joint venture with electric vehicle (EV) sharing platform Zoom EV as a part of its business expansion program. Following the agreement, vehicles on Zoom&rsquo...
Twitter, an American microblogging and social networking service firm, had reportedly tried buying the Indian social media startup ShareChat and use its short video platform Moj as a global competitor to TikTok. Sources close to the matter stated th...
Leading provider of technology, professional, and management services Serco Inc. has reportedly signed a definitive agreement to acquire WBB (Whitney, Bradley, & Brown) Inc., a company that provides advisory, engineering, and technical services t...
California-based biotech firm Zymo Research has reportedly introduced a COVID-19 Variant Sequencing Service, adding to the organization’s end-to-end SARS-CoV-2 solutions, starting from sample collection to detection. With this technology, Zymo...
California-based telematics equipment provider Positioning Universal has announced to have launched a new AI-powered dual-camera solution that seamlessly integrates video and telematics in a smaller footprint as compared to other solutions. Sources ...
Modaxo, Inc., a global collective of people transportation companies, has reportedly extended its investment in the Rail sector by acquiring TTG Transportation Technology. TTG Transportation, with offices in Australia and the United Kingdom, has bee...
Worldwide automakers are lately focusing on improving the safety of self-driving and connected vehicles. Amidst this highly competitive environment, Japanese automotive giant Toyota Motor Corporation has reportedly introduced a new research unit call...
A technology firm from Seattle Networks App LLC has reportedly sued the Texas-based multinational telecommunications company AT&T Inc. for around USD 1.35 billion for stealing its copyrighted twinning technology that allows smart devices such as ...
Leading biopharmaceutical CDMO (contract development and manufacturing organization) Northway Biotech has reportedly launched a new 30,000 sq. ft. process development and cGMP manufacturing facility in Waltham, Massachusetts. The new facility, locat...
Leading artificial intelligence solutions provider SparkCognition has reportedly partnered with SkyGrid for developing and deploying AI-based cybersecurity systems on drones to protect them from zero-day attacks during flight. As per credible source...
The new feature will enable users to directly purchase products shown in videos through the platform. The video-sharing and streaming giant is looking to ride the e-commerce wave. Google-owned American online video-sharing platform, YouTube, is ...
In a bid to expand their product portfolio, Swiss multinational plant equipment manufacturer Bühler AG and German Institute for Food Technologies (DIL), reportedly announced a collaboration to develop healthy & sustainable food production te...
The American Bakers Association (ABA) claims baking companies generate over US$153 billion in economic activity per year. A pronounced growth of packaging and processing technologies in the food industry appears to be a gamechanger in the ecosystem. ...
In the recent Series D funding round, Indian B2B online trade startup Udaan, reportedly raised USD 280 million from a group of investors, thereby taking the company’s net worth up to USD 3 billion. Sources familiar with the event cited that th...
Following its shut down six months after launch, American short-form streaming platform Quibi is reportedly planning to sell its content to one of the most popular streaming media players, Roku Inc. According to reliable sources, Roku looking to exp...
With new digital equipment sprouting up in the medical sector, the global electrophysiology industry is witnessing a breakneck innovation in the past several years. Perhaps one of the most compelling trends to come out of the industry is the prevalen...
StockX LLC, a popular online store among sneaker collectors, has reportedly raised a fresh round of funding with the startup’s valuation hitting USD 2.8 billion, double than last year. Private investment in StockX now amounts to USD 490 millio...
According to reliable sources, American online social media and networking service Facebook Inc. is planning to make substantial long term investments in India. The move will allow Facebook to help several businesses expand their online presence. Re...
In recent developments, Syros Pharmaceuticals, Inc, a Cambridge-headquartered biopharmaceutical organization that focuses on developing treatments for immune-related diseases as well as cancer, has reportedly acquired all assets associated with SY-21...
Reportedly, American vacation rental online marketplace company Airbnb Inc. has insisted hosts who use third-party software while managing bookings to abolish service fee paid by guests. Hosts will now be required pay a standard fee of 15%, an increa...
Facebook, the leading social media giant, will reportedly pay millions of pounds a year to established UK news channels to license their articles, since social network faces the looming threat of government probe over its dominance of online advertis...
As the deadline for Brexit comes near, carmakers in the UK are expressing concern over being hit by tariffs if the UK and EU do not agree to a trade deal. While trade between the EU and the UK will be governed by new regulations from January 1, it is...
Biological E. Limited, an India-based vaccines and pharmaceutical company, has reportedly started phase I and II clinical trials of COVID-19 sub-unit vaccine candidate after getting the Drugs Controller General of India’s nod. The vaccine manu...
Five Prime Therapeutics, Inc. has recently revealed the 1st pre-clinical data of the anti-CCR8 FPA157 program. The pre-clinical results were presented at the SITC (Society for Immunotherapy of Cancer)’s 35th Anniversary Annual Meeting and Pre-C...
Opear MD, a membership-based app, has reportedly announced two promotions to improve affordability and accessibility of patients to healthcare during the COVID-19 pandemic. Opear MD app provides remote digital healthcare through its on-demand, pedia...
Clinical stage biopharmaceutical major, Liminal Biosciences Inc., has reportedly announced the extension of its Ryplazim BLA (Biologics License Application) by the U.S. Food and Drug Administration for the treatment of clinical symptoms and signs ass...
Swish Data, Northern Virginia-based trusted Service-Disabled Veteran-Owned Small Business (SDVOSB) provider of technology solutions, has reportedly partnered with Check Point Software Technologies Ltd. to help a U.S. Federal supply chain management a...
Syros Pharmaceuticals has announced initial safety, pharmacodynamics (PD) and pharmacokinetics (PK) data from the current dose-escalation portion of Phase 1 clinical trial of SY-5609 in patients with select solid tumors. For the starters, SY-5609 is...
Ezra is a U.S-based startup developing a cancer screening platform that uses a combination of Artificial Intelligence and MRI screening to make cancer screening more widely available and affordable. The company’s ambition to transform the ...
Healthcare Outcomes Performance Company (HOPCo), a leading provider of musculoskeletal value-based healthcare services, has reportedly announced the acquisition of Stryker Performance Solutions’ health system orthopedic service business, Bundle...
MedAlliance, a medical technology company, has reportedly announced the enrollment of the 1st two patients in the Prospective Registry, PRISTINE, with SELUTION SLR™ 018 DEB. The PRISTINE trial will be conducted among patients with BTK (below-th...
MGC Pharmaceuticals, a renowned EU based bio-pharmaceutical firm, has reportedly announced that it has expanded the double-blind, placebo-controlled phase II clinical trial that assesses the efficacy and safety of its anti-inflammatory natural formul...
Leading integrated payment and commerce solutions provider, Paya, has reportedly entered into a partnership with Software-as-a-Service application supplier, CoverMe. The collaboration will effectively help CoverMe in enhancing the efficiency of healt...
CoreMap announced that it has accomplished $10.5 million Series A financing which was led by Qure Ventures. The round included both present investors like Ronny Ginor, and Orbimed Venture Partners and MD of Fifth Focus/HRMG Investments and various ne...
According to reliable sources, Spain is planning to host the phase 2 clinical trials of the US-based pharmaceutical company Johnson & Johnson’s COVID-19 vaccine by mid-September 2020. For those uninitiated, phase 1 trials of the potential ...
Fulcrum Biometrics, Inc. has announced a strategic acquisition of Delaney Secure Ltd., a UK-based biometric company specializing in cloud-based time and attendance and access control. The acquisition is seen by many as an apt business move to bolster...
BIMA, a London-based startup, has reportedly raised USD 30 million in an effort to meet the surging demand for its services amidst the pandemic. The company intends to deliver its services via mobile-first platform, for customers whose primary prefer...
Kuldeep Singh Rajput dropped out of his Ph.D. program in 2015 to chase his lofty goal to use Artificial Intelligence (AI) technology to predict disease before it happens. The knowledge garnered from various wearable sensors could help accel...
Leading product development solutions provider, Altair, has reportedly entered the Avicenna Alliance, an international consortium dedicated to the deployment of simulation for enabling efficient and faster development of new healthcare solutions. Th...
Amplyx Pharmaceuticals, a renowned clinical-stage biopharmaceutical firm that develops innovative treatments for life-threatening and debilitating diseases for people that have a compromised immune system, has reportedly announced that it has dosed t...
Renowned pharma company Sanofi has reportedly planned to take over Principia Biopharma Inc. Under this definitive agreement, Sanofi will be acquiring all of Principia’s outstanding shares for a valuation of USD 100 per share in cash. On a fully...
Nokia Corporation, a global leader in 5G, networks, and phones, has reportedly announced that Movistar Chile has deployed Nokia’s IMPACT CDP Entitlement Server software. The move will offer more enhanced services for selected smartwatches and t...
The US-based private equity firm Advent International has reportedly announced plans to acquire a majority stake in leading consumer packaging company Hermes UK, seeking to capitalize on the boom in online shopping amid the ongoing pandemic. Sources...
MRI Software LLC, a leading provider of real estate software applications and hosted solutions, has reportedly acquired Housing Partners to strengthen its suite of residential property management software. Sources cite that the deal will add Housing...
DAS Health Ventures, Inc, a Florida-based health IT and management provider, has reportedly announced that it has completed its acquisition of Salem, NH based managed IT as well as cybersecurity services firm, Technology Seed, LLC. The proposed acqu...
Innovent Biologics, Inc., the China-based biopharmaceutical company, has reportedly announced that it has dosed the first patients in its Phase 1 clinical trial to assess IBI322 (Anti-CD47/PD-L1 Bispecific Antibody) in the treatment of advanced malig...
Sapiens International Corporation, a publicly-traded company that develops computer software for the insurance industry, has reportedly inked a definitive agreement to acquire Delphi Technology Inc. to strengthen its presence in MPL (Medical Professi...
Moderna Inc, the American biotechnology company with expertise in vaccine technologies based exclusively on mRNA, has reportedly received an additional USD 472 million funding from the BARDA (Biomedical Advanced Research and Development Authority) to...
Finnish telecommunications and consumer electronics major, Nokia, has reportedly announced that it has provided its Nokia 5G standalone industrial-grade wireless network to Sandvik Mining and Rock Technology. Built on the basis of Nokia Digital Autom...
British pharmaceutical major, GlaxoSmithKline, has reportedly announced that it has acquired a 10 per cent stake in German biotech major, CureVac, a prominent player in the global race for COVID-19 vaccine. GSK has stated that the transaction involve...
Global ingredient manufacturer Kemin Industries has reportedly announced its acquisition of a U.S. patent application for a methodology to inactivate ASFv (African Swine Fever virus) in animal feed and its ingredients through the use of Sal CURB Liqu...
JS016 is apparently unique to the SARS-CoV-2 surface spike protein receptor-binding domain. JS016 can block virus binding to the ACE2 surface cell receptor in an effective manner. Junshi Biosciences, the Shanghai-based innovation...
Hinterland Metals Inc., a junior mineral exploration firm based in Canada, has reportedly announced that it has inked a binding LOI (letter of intent) under which it would acquire all outstanding shares of Toronto-based Novamind Ventures, an enterpri...
American retail giant, Walmart Inc. has recently announced that it will be collaborating with Tribeca Enterprises to transform almost 160 of its U.S. store parking spaces into temporary drive-in movie theaters until the stores become fully operationa...
Transcenta Holding Limited, a biotherapeutics firm based in Shanghai that focuses on discovering, developing and commercializing antibody-based therapeutics, has recently revealed dosing its first candidate in the US Phase I clinical study of TST001,...
Just a week after Facebook’s WhatsApp announced the launch of payment service, Brazil’s central bank has reportedly suspended this feature to ensure the competition in the payment landscape of the nation. The Central Bank also urged Visa ...
Globally recognized web personalization platform, CloudEngage, has reportedly announced its acquisition of AI powered self-service support provider, AnswerDash, a B2B software company founded in 2012. AnswerDash is headquartered in Seattle, Washingto...
PEL’s (Piramal Enterprises Limited) Piramal Pharma Solutions, a CDMO (Contract Development & Manufacturing Organization), has reportedly entered an agreement with G&W Laboratories. Under the agreement, the organization will acquire G&am...
Lucknow-based Central Drug Research Institute, a constituent lab of the Council of Scientific and Industrial Research, has been reportedly approved to conduct Phase III trials for the deployment of Umifenovir drug against COVID-19. The trial aims to ...
A leader in aesthetics markets, Bimini Health Tech recently announced it has acquired California-based Healeon Medical, Inc., that is focused on paving the way for regenerative solutions by providing support for point-of-care, autologous treatments, ...
Walmart, the retail giant, recently announced plans to acquire technology & intellectual property from a start-up, CareZone, that is focused on making it easier for people to manage multiple medications. Since CareZone’s inception in 2010,...
The cannabis based drug has previously been used for epilepsy treatment and this study is being conducted in babies as part of a research to prevent seizures which can lead to brain damage. Professor Paul Clarke, Neonatal consultant at Nor...
Selvax Pty Ltd, the Australian cancer immunology group engaged in developing immunology based treatments for large solid tumors, has reportedly announced positive results from its immunotherapy treatment in 10 dogs battling with soft tissue sarcomas ...
KYB’s highly advanced semi-active and active system solutions will drive the next-gen electric vehicle production efforts of REE Electric vehicles will undergo a reduced development cost, will be compact and will be more lightweight ...
Japanese multinational electronics firm Mitsubishi Electric recently announced that its Nagoya Works in Nagoya, Aichi Prefecture has commenced a demonstration testing of a local 5G solution that has been licensed by the Ministry of Internal Affairs a...
The DNA Company, a renowned functional genomics provider, has reportedly announced that it has acquired MPS (My Pain Sensei), an AI-based digital therapeutics app, for a total amount of about $30M, forming My Next Health. The newly acquired MPS provi...
RXVIP Concierge, a leading enterprise that focuses on improving the role of Pharmacists in the field of healthcare, has reportedly unveiled its first telehealth and remote patient monitoring residency program as well as APPE rotations for students of...
Hummingbird Bioscience, a biotherapeutics company, has reportedly closed an extended $25 million Series B funding. The company focuses on the development and discovery of breakthrough therapies. This fund-raising event brings the total capital raised...
The partnership will accelerate customer access to advanced IIoT data processing technologies. Waylay CEO expects EPAM’s deep integration expertise with Waylay’s cutting-edge automation technology to enable better, improved ope...
NEC Corporation, a Japanese multinational electronics and information technology company, has recently revealed analysis results from its ongoing efforts of employing AI prediction platforms for designing blueprints for COVID-19 vaccines. Reportedly...
Chicago based Grassroot Cannabis- a firm that cultivates, processes, and sells cannabis with the help of an advanced and vertically integrated business model, has reportedly announced the expansion of its cultivation facility by 20,000 square-foot in...
The medical technology company has received Breakthrough Device Designation by the FDA for its Oxygen Assist Module (OAM). The OAM module is commonly used with most versions of Vapotherm’s Precision Flow systems. A global medical technolo...
Polaryx Therapeutics, Inc., a developer of drug candidates for lysosomal storage disorders, has recently gained IND (Investigational New Drug Application) approval from the U.S. FDA. This approval is related to the study of PLX-200 treatment among pa...
Another potential COVID-19 vaccine has recently received FDA approval to commence clinical trials among humans. The vaccine, developed by Inovio Pharmaceuticals and backed by Melinda and Bill Gates, is the second such vaccine to progress to human tes...
Virtual Care and Remote Patient Monitoring market leader VitalTech has recently inked a partnership with AT&T Business. The collaboration will enable the two enterprises to offer free telehealth services for 60 days to business clients, such as h...
In a bid to fight against harmful bacteria, Felix, a U.S.-based biotech firm, has recently decided to devise a programmable virus that kills chronic bacteria. Reportedly, farmers and doctors overuse antibiotics to eradicate bacteria, but generally fa...
As nations across the globe continue to grapple with the novel COVID-19 outbreak, several institutes are trying come up with a vaccine to tackle this global pandemic. The Milken Institute, a non-profit think tank, is introducing a reso...
Scientists from Oxford University have reportedly created a technology to accelerate the testing for COVID-19. The test is validated at China’s Shenzen Luohou People’s Hospital with real clinical samples. It is claimed to be faster than f...
While the coronavirus manages to spread across major global economics, scientists and researchers all over the world are plowing their way to find a definite cure for this current pandemic. Recently, New York-based biotech firm Regeneron Pharmaceuti...
Verizon has announced to support communities by contributing $10 million to provide relief services for people impacted by the ongoing coronavirus (COVID-19) pandemic. The company has tripled its monthly data allowance for its Verizon Innovative...
Spero Therapeutics, Inc., a renowned Massachusetts-based clinical-stage, multi-asset biopharmaceutical company, has reportedly announced that the United States Food and Drug Administration has granted its oral drug SPR720 the orphan drug designation ...
Neuraly has claimed that it has dosed the first patient of NLY01 in its Phase 2 study for Parkinson’s disease. Nature Medicine claimed in its study that NLYO1 tends to bind upregulated GLP-1R and blocks microglia’s pathological activatio...
PAVmed Inc. has recently announced that Lucid Diagnostics has entered an agreement with UPenn (University of Pennsylvania) to perform clinical trial research for its EsoCheck device. Lucid Diagnostics is a subsidiary of PAVmed, a highly-differentiate...
Ascentage Pharma, a clinical-stage biotechnology firm developing innovative therapies for cancers, has reportedly received approval for its Phase Ib/II clinical trial from the CDE (Center of Drug Evaluation), China NMPA. The clinical trial is assess...
VBL Therapeutics, a renowned Israeli biopharmaceutical company, reportedly announced the initiation of phase 2 clinical study of VB-111 combined with immune checkpoint inhibitor, nivolumab (Opdivo®). This study would be conducted to find a treatm...
Matinas BioPharma, a renowned biopharmaceutical company, has reportedly announced that DSMB (Data Safety Monitoring Board) for the EnACT study has finished its planned review of initial tolerability and safety data from the Part 1 dose escalation pha...
Pulse Biosciences, Inc., an innovative bioelectric medicine company committed to improving the lives of patients, has reportedly announced an update on its U.S. FDA ( Food and Drug Administration) submission for the CellFX System. Earlier, the compan...
Nokia appears to go full throttle as the Finnish company is offering state-of-the-art equipment from its end-to-end 5G portfolio to SoftBank Corp. to substantiate that non-standalone 5G technology can be commercially used to operate connected cars. N...
KSQ Therapeutics has propelled their effort to derail refractor solid tumors by growing —eTIL™—engineered tumor infiltrating lymphocyte therapies by announcing the identification and validation of CT-1. It is worth mentioning that d...
Loon, an Alphabet subsidiary working to deliver internet services to rural areas, and SoftBank Corporation’s HAPSMobile, currently planning to operate HAPS networks, together announced the successful development of a new communications payload ...
American health insurer, Humana Inc. and private equity firm WCAS (Welsh, Carson, Anderson & Stowe) have reportedly formed a joint venture to develop senior-focused primary care centers. Reportedly, this joint venture will be manag...
The Aviation Group will focus on higher growth component and accessory repair and part distribution. The divestment is expected to be completed till March 2020, subject to legal conditions. In what appears to be an all-cash deal, VSE Corporation...
Lime’s dockless bike-share service launched in Calgary in 2018, is reportedly facing a dip in popularity after the arrival of Lime e-scooters and its adoption for sustainability. Lime is a transportation company that is based in the United Stat...
Google, the renowned tech giant, has reportedly initiated the testing of a novel feature for its Google Nest. This new feature would alert the homeowner about any HVAC issues as well as call a HVAC professional to fix the issue. For this new feature,...
Terramera closed the funding round with USD 48.5 million with other investors including S2G ventures, Ospraie Ag Science The investment marks ArcTern’s fourth financing from its USD 200 million value Fund II Vancouver head...
Teijin Limited, a technology-driven company, has announced its interest to establish TACE (Teijin Automotive Center Europe GmbH) in Wuppertal, Germany. The center would function as a new base for Teijin to execute technical functions within its auto...
The data from the REMETY phase 1 dose escalation trial, unveiled at the Gastrointestinal Cancers Symposium 2020, reportedly shows that the combination of regorafenib (Stivarga) and oral fluoropyrimidine TAS-102 provided a clinically meaningful DCR in...
Technology giants Google and Microsoft have reportedly taken opposing stances as the temporary five-year facial recognition ban suggested by the EU came to light. Alphabet and Google CEO Sundar Pichai has expressed his approval of the proposed ban, w...
Flair Airlines, a scheduled, independent, and low fare airline company, is seeking to expand its fleet of Boeing 737 aircraft to deliver low cost travels to a market starved of competition. Based in Edmonton, Flair Airlines is Canada’s only ful...
The aim of the move is to simplify the diverse portfolio of the company Company’s regrouping is part of the new strategic plan for fiscal 2019 to 2024 Olam International, a leading agricultural and food business company, has decided to reg...
Nio had indicated an urgent need to secure funds and early talks with Guangzhou Auto There is still some cloud whether an agreement will be reached between the companies Guangzhou Automobile Group Co Ltd, a Chinese automaker, recen...
Moderna, Inc., a Cambridge, Massachusetts-based biotechnology firm that is focused on drug discovery and development based on mRNA, has announced entering into a new autoimmune therapeutic area. Being built on the clinical validation of systemic deli...
Survival rate for stage II colon cancer is about 58 to 88% and patients will gain from additional treatments Guardant Health, Inc., a renowned precision oncology firm, along with NRG Oncology, a National Clinical Trials Network group that conducts b...
Kalmar, a subsidiary of Cargotec, a renowned Finnish cargo-handling company reportedly announced the completion of a comprehensive software support and maintenance contract with Patrick Terminals, a renowned Australian terminal operator. The agreeme...
The lawmaker has introduced a bill to prohibit the region from sharing intelligence with the countries making use of the Huawei 5G networks. In any case if the bill is ruled out, it may produce huge implications for the intelligence sharin...
Revolution Medicines, a renowned American biopharmaceutical company working towards discovering new solutions for cancer, reportedly announced that it would be unveiling preliminary data collected from its Phase 1 clinical study of RMC-4630. The dat...
MYHSM technology will be operating on Platform Equinix® and will also use the connectivity solutions by Equinix The partnership will facilitate an effective method to access the capabilities by making the payment HSMs available on cloud MYHS...
Hampton Products, a renowned producer and marketeer of door locks, lighting, padlocks, reportedly announced the launch of first connected deadbolts that incorporate fingerprint tech at the CES 2020. The company has integrated its BenjiLock fingerpri...
Anki had shut down its operations in April 2019 after the company ran out of funds Digital Dream will continue the development of Vector and launch a new Kickstarter In a bid to revive the robots developed by San Francisco headquartered ...
Acura Pharmaceuticals has issued an update pertaining to the evolution of the much-anticipated LTX-03 tablets using technology called Acura LIMITx™ meant to curb risks linked with overdose of hydrocodone. Apparently, the manufacturing process a...
The new lens series may be beneficial for patients with conditions such as macular degeneration, glaucoma, cataracts, optic neuropathy, and other visual disorders. While the global prevalence of visual impairments tends to skyrocket, optica...
The power cut took place due to an issue with the regional transmission cable Samsung may experience losses worth millions of dollars similar to 2018 incident Samsung, the South Korea-based multinational electronics manufacturer,...
Grab, a technology concern based in Singapore, has announced that it is forming a consortium with Singapore Telecommunications (Singtel) to submit an application for a full digital banking license. The move signifies the participation of both the com...
Sacituzumab govitecan has attained both Breakthrough Therapy Designation and Fast Track Designation by the FDA. Immunomedics, Inc., a biopharmaceutical firm, has recently attained the U.S. FDA nod to file its Biologics License Application (BLA) whic...
Pyka, a renowned bay area based autonomous aircraft company, reportedly announced that it has secured $11 million from a new seed round. The investment round was led by Prime Movers Lab. Meanwhile, Greycroft, Bold Capital Partners, Y Combinator, and ...
Fluor Corporation, a global engineering and construction firm, has reportedly announced that its JV COOEC-Fluor fabrication yard in China, has securely completed the module program for the Al-Zour project of KIPIC (Kuwait Integrated Petroleum Industr...
The project aims to establish a large scale facility to produce hydrogen in Denmark Everfuel will be the owner as well as the operator of the production facility Everfuel Europe, a provider of green hydrogen fuel, has recently been granted EUR 6...
Apple, the renowned technology giant, has reportedly put together a secret team that is working on satellite technology that can be used to beam down data to its devices directly, bypassing wireless networks. According to reliable sources, this secr...
Fibrotic diseases are commonly termed as chronic tissue injury. Renal fibrosis, hepatic cirrhosis and pulmonary fibrosis are some of the common fibrotic diseases. Currently, these diseases have limited treatment options, however, several ph...
With automation being a need of the hour, there have been various advancements and developments in myriad fields. This has prompted the industry conglomerates to devise robust strategies on the grounds of sustaining their geographical foothold in the...
Fiat Chrysler is the last automaker to close the contract with the United Auto Workers In-progression workers will get similar healthcare benefits as the veteran workers Labor negotiations with Fiat Chrysler ended after the United Auto Workers a...
The reward will accelerate the development of VE707 for various multi-drug resistant infections Vedanta Biosciences is eligible for an additional $3.5 million subject to certain milestones Vedanta Biosciences, a pre-clinical stage firm i...
FDA grants approval for Genentech’s Tecentriq – Chemotherapy combination treatment, based on positive results from Phase III Impower130 trial The combination is designed to be used as a first-line treatment for metastatic non-s...
Panasonic announced the sale of its of semiconductor business to Taiwan based Nuvoton The Panasonic-TowerJazz JV comprises three manufacturing units operated in Japan Israel headquartered chip manufacturer- TowerJazz announced o...
Various instances of cyberattacks, viruses, and other malicious threats across the healthcare sector have raised many eyebrows owing to the security of confidential patient information. In order to tackle with these attacks, Canon Medical System USA ...
Seattle Genetics, a biotechnology company focused on innovating novel therapies for cancer, has recently attained approval from Health Canada for supplemental New Drug Submission that expands the use of ADCETRIS (brentuximab vedotin) along with CHP (...
The data was presented at the Society for Neuro-Oncology (SNO) Annual Meeting 2019, held in Phoenix. With the use of controlled IL-12, reduced tumor burden along with immune-mediated pseudoprogression was noted in monotherapy and combinati...
The company will present a study of neoadjuvant and adjuvant VB-111 for treatment of recurrent GBM. The ongoing trial aims to explore the potential of VB-111 in treating rGBM. VBL Therapeutics, a late-stage clinical biopharmaceutical company foc...
Social networking platform Facebook has reportedly suspended over 3.2 billion fake accounts within a 5-month span, between April to September 2019. Additionally, as per content moderation reports, millions of posts with abusive content including suic...
Tech innovator Amazon has reportedly announced its plans to invest $40 million in the development of a new robotics innovation hub, located in Westborough, Massachusetts. The facility will cover an area of 350,000 sq. ft, including corporate offices,...
The development of these collaborative solutions will improve value for customers. Halliburton Company has reportedly announced that it has entered into a strategic deal with the Advanced Remanufacturing and Technology Center (ARTC) to secure positi...
The F-35 Lightning stealth fighters, integrated with Block IIIF software, developed by Lockheed Martin, the American aerospace and defense company, in collaboration with the Pentagon are expected to enter service in 2019. The company has already deli...
Confluence Technologies, a renowned US-based software company that offers back-office automation systems for the global investment management market, reportedly announced the acquisition of StatPro Group plc, a renowned UK-based global cloud-based po...
Earlier in 2012, President Obama had announced a nationwide rule for automobile emissions and mileage standards, embracing California’s planned standards. However, since Trump’s administration rose into power, it has tried to nullify all ...
ORBCOMM Inc., a renowned US based Internet of Things (IoT) and Machine-to-Machine (M2M) solutions provider, reportedly announced it selection by Vishipel, a leading Vietnam based provider of maritime equipment and telecommunications services, to deli...
Disney+ streaming service is on a way to become a new big competitor looming on the horizon. Set to launch next month, Disney+ looks to be one of the best online streaming services, especially for family viewers. Recently, Disney+ came to light...
Parade Technologies, a renowned US-based fabless semiconductor company developing high-speed video processing and interfacing products, reportedly announced the launch of two new products under its high-speed data retimer product portfolio. The PS89...
In an era of digitalization and internet, businesses are continuously working on innovative solutions to improve brand value. In a bid to have a competitive edge over rivals, numerous companies are rolling out innovative financial services. American...
NOXXON Pharma, a renowned biopharmaceutical firm based in Germany that is focused at enhancing cancer treatment by aiming at the TME (tumor microenvironment), reportedly announced the enrollment as well as treatment of the first patient in a phase 1/...
Transportation Management System industry is projected to emerge as one of the highest revenues gaining markets in the future owing to the benefits it provides automotive shippers. Several automotive industry players are integrating TMS in their supp...
Alopecia areata, an autoimmune disease that causes hair loss is seen to grow substantially and higher number of people every year. Global pharmaceutical firms are increasingly working towards development of medicines for the treatment of alopecia are...
With India’s consumer market slated to emerge as the third largest in the world, several global enterprises are looking to establish their presence in growing industry landscape. In fact, despite having a reputable presence in the space, compan...
Driven by the need for better customer experience, the healthcare sector is experiencing a huge shift towards digitalization. Today, organizations across the globe are increasing their invest in healthcare software offerings to digitize traditional h...
There is a rise in the number and spread of rare disorders. Due to their growing presence and risk, various pharmaceutical firms are increasingly working towards the discovery and development of treatments. One such rare-disease treating...
With the advent of digitalization, the digital transaction sector is growing at an exponential rate. The ease of paying and increased smartphone penetration are the key factors that are influencing digital transactions worldwide. Various digital wall...
Smart home devices are gaining a lot of attention lately owing to their home automation control facility. People can generally command a smart home device to carry out a task, like switching on lights, and it would follow the command and control elec...
The two companies have been working on 5G since November 2015 Ericsson to provide its radio access network equipment to KDDI Swedish networking and telecom major Ericsson has reportedly been selected by KDDI, Japan’s second largest mobile ...
Corporate mergers and acquisitions in the pharmaceutical sector are considered a vital part of an organizational growth strategy. It opens many opportunities that help companies carry out reduction in business risk, corporate restructuring, developme...
· The acquisition will help Sinch enhance its business outcomes through next-gen messaging. · The transaction will be closing in early October 2019. Sinch AB, a leading telecommunication and cloud computing platform, has reportedly in...
The Hyderabad-based startup to bring its HR tech platform to more Asian markets with the fresh funding Darwinbox, a Hyderabad-based startup that offers a cloud-based human resource management platform, recently announced that it has raised USD $15 m...
Wearable technology has certainly come a long way as it can now connect with devices like smartphones, watches and more. However, the technology is prone to different kinds of security breaches and hacks. Today, manufacturers of smartwatches have rea...
A fiber optic transceiver is a device that uses fiber optical technology to send and receive data. Optical transceivers are being adopted extensively throughout the world due to their advantages over traditional transmission systems. Various companie...
The Phase 2 study will register approx. twelve patients diagnosed with malignant mesothelioma that have failed systemic platin-based front-line chemotherapy. The key objective of the trial is to evaluate efficacy of MTG201- Nivolumab treat...
The results from the Phase II/III trials, which involved efficacy data and preliminary safety, was presented at the IASLC 2019 World Conference on Lung Cancer, held in Barcelona, Spain. Ipsen, a French pharmaceutical company, and Servier Labora...
The acquisition would advance Ceridian’s momentum in New Zealand and the Australian markets. Ceridian HCM, Inc., a leading human capital management (HCM) technology company, has recently announced that it has signed a definitive share purchase...
The company is set to initiate a Phase 2 clinical trial in the U.S. after a successful Phase 1 trial in Spain. Rocket Pharmaceuticals, Inc., a U.S.-based biotechnology company, has recently announced the U.S. Phase 2 clinical advancement trial for R...
The biopharma company is planning to initiate the Phase 1/2 clinical trial of ADC cancer therapy that targets AKR1C3 and the Globo series. OBI Pharma, Inc., a pharmaceutical company based in Taiwan, recently announced that the U.S. Food and Dru...
The stations went offline on July 3 at 11.59 pm local time after AT&T and Nexstar were not able to make an agreement. The new agreement between two companies allows 120 stations, including NBC, CBS, FOX and ABC affiliate stations, to get back ...
The company presented its preliminary data at the 20th Asia-Pacific Prostate Cancer Conference held in Melbourne, Australia. Trovagene, Inc., a Precision Cancer Medicine™ oncology therapeutics firm developing innovative drugs that ta...
The purchase of Otezla is expected to offer growth for Amgen escalating its shares over 3% on Monday. The deal would clear the path for Bristol- Myers Squibb to move ahead with USD 74 billion deal for Celgene. California based Amgen Inco...
The expansion in the International waters will augment the company’s penetration into the other GCC and Middle Eastern markets. Mumbai based new age professional networking platform, Blue Tie Global reportedly announced the unveiling of its ap...
The GPS III SV02 satellite offers 8× enhanced anti-jamming abilities and 3× higher accuracy. GPS III SV02 also offers a new civil signal which is compatible with international GPS satellite systems. The USAF’s second ne...
The company will not use any of the data which is disconnected by users to target ads to them on Instagram, Messenger, or Facebook. Facebook has reportedly been intending to enable users to disconnect their account from app and website history. If u...
Denmark company takes over Swiss logistics group Panalpina in a deal of over USD 5.5 million. This acquisition will create the world’s fourth largest airfreight company. Denmark based DSV A/S recently announced the completio...
Urals facility shuts down Byeloyarsk power unit at 9.15 local time after automated safety system’s false activation. This incident adds to the rising concerns regarding Russia’s nuclear activities. According to the Rosatom St...
Republic Labs, M13 Ventures, Gumi Crypto & early Uber financer Shervin Pishevar contributed to this funding. Almost 10% of customers purchase from Coinmine again and less than 4% Coinmine one devices are returned. Coinmine, the make...
The Japanese firm, SoftBank has been reported to purchase a stake in the Airtel business of India either directly or indirectly through a holding company. Bharti Enterprises and SoftBank have established a 50:50 joint venture already since 2011. ...
The agency has already directed number of firms operating in the tobacco area to remove some of their products from the market. The U.S. Food and Drug Administration (FDA) has recently released warning letters against four companies to recall 4...
Under the phase 2 trial approximately 90 patients with CLL will receive either ibrutinib or ibrutinib coupled with cirmtuzumab Oncternal Therapeutics, a biotechnology company, has reportedly announced opening of enrollment for patients suffering fro...
This test would give opportunity to understand if NPS can induce immune response in patients with DCIS. The VADIS outputs could tell the company about potential synergies among standard therapies and NPS in the women suffering from DCIS. SELLAS ...
· Outputs would be shared globally with healthcare authorities at the next medical meeting. · While encouraging survival results were observed, the data isn’t mature enough and a follow-up would continue up until next planned ana...
The state is suing T-Mobile’s $26.5 billion takeover of rival cellphone company Sprint. Texas has recently joined nearly a dozen American states that is filing a motion to stop T-Mobile’s acquisition of rival telecommunication ...
CEO Dr. Athena Countouriotis will participate in a question and answer session at the conference in Boston this month. Turning Point Therapeutics, Inc., a clinical-stage oncology company focused on developing novel drugs to address treatment re...
Novartis International AG, a Swiss-based pharmaceutical company recently announced results from Phase 3 PARAGON-HF trial in HFpEF (heart failure patients with preserved ejection fraction), investigating the efficacy & safety of sacubitril/ valsar...
With 400 million users, India is the biggest market for WhatsApp. Facebook Inc. now awaits regulatory approval for a complete roll-out of WhatsApp Pay in India. Mark Zuckerberg, Chief Executive of Facebook stated that beta testing of WhatsApp Pa...
Coca-Cola is set to debut in the alcohol market with lemon chuhai in Japan in October this year. This is marked to be the company’s first ever hard drink. The global beverage giant, Coca-Cola has come up with its first ever alcohol...
The clinical study is expected to enroll about 18-30 cancer patients for testing. The clinical trial is expected to take approximately two years to complete. KAZIA Therapeutics Ltd., (Kazia), a renowned oncology-focused biotechnology firm based ...
The phase 3 study of arimoclomol for ALS is a 76-week, placebo-controlled, randomized study being conducted at 30 centers of excellence in Europe and North America. The biopharmaceutical company Orphazyme A/S has reportedly announced that it has fin...
The global pharmaceutical giant Cipla reportedly announced that it has reentered Chinese market in an alliance with Jiangsu Acebright. The company will set up a manufacturing plant for respiratory products in China under the joint venture. According...
Transfer of money to international markets would become easier through the service. The money transfer service would be made available across 32 European markets. PayPal Holdings, Inc. (PayPal), an American multinational online payments ...
Microsoft, the tech giant, recently announced that its Azure Kinect Developer Kit, a $399 perception system for speech solutions & computer vision, will be available for shipping to pre-order customers in the U.S. and China, report sources. Repo...
Pulmatrix, Inc. has reportedly activated three sites in the United States for the phase-2 clinical trial of Pulmazole (PUR1900). It is an inhaled formulation consisting of itraconazole for treating allergic bronchopulmonary aspergillosis (ABPA) in pa...
In a recent turn of events, Dermata Therapeutics, a development-stage biotechnology company, has announced positive outcomes from Phase I proof of concept clinical trial of DMT410 (which is a combination of DMT310 and botulinum toxin), for treating p...
The acquisition would facilitate ZipLine an entry into the gift card segment. The newly acquired assets further complement ZipLine’s existing customer payments as well as loyalty capabilities. ZipLine, a renowned rewards and mobile payment...
The tracking system would detect stolen mobile phones, even if the IMEI number is changed or the SIM card is removed. DoT (The Department of Telecommunications) recently announced the launch of a technology solution to enable detection of stolen or ...
Ingram Micro offers Cloud migration solutions for businesses impacted by Microsoft’s move. Microsoft Corporation, the technology company recently announced to suspend its SQL Server in 2019 and Windows Server 2008 by January 2020. Microsoft ha...
Calysta, a biotechnology company recently announced that venture capital firm, BP Ventures invested $30 million to support rollout of Calysta’s FeedKind® protein, which is expected to improve global food security, cite sources. F...
Wysa has helped over 1.2M people across 30 countries through 80 million conversations. Wysa, an AI mental health startup based in Bengaluru, has reportedly raised $2 million (INR 15 Cr) in a pre-series A funding round led by pi Ventures. As per trus...
The New York-based Thrive Global, has reportedly signed a partnership with P&G, the American multinational consumer goods corporation to combine behavioral science and daily habits pertaining to P&G’s products to help consumers improve ...
Amid clash with the U.S. government, the Chinese company says US-based Verizon is liable to pay fees for more than 230 of its patents. Huawei, the Chinese telecommunications equipment company recently demanded $1 billion patent licensing fees from a...
Estonia-based transportation network company Bolt, formerly known as Taxify, recently launched in London, the biggest ride-hailing market in Europe. The company joins an expanding list of start-ups in an attempt to gain market share from Uber in Lond...
The outcome of the Phase 1 ZUMA-3 study was presented at the 2019 American Society of Clinical Oncology (ASCO) Annual Meeting. The results would be facilitating guidance on KTE-X19 safety & dosing management to help the ongoing Phase 2...
Reata Pharmaceuticals, a clinical-stage biopharmaceutical company recently announced enrollment of first patient in the Phase 3 FALCON trial of bardoxolone in patients with ADPKD (autosomal dominant polycystic kidney disease), cites source. For the ...
The FDA approval was awarded to Solifenacin Succinate tablets’ abbreviated new drug application (ANDA). The pharmaceutical firm now holds a total of 94 ANDA approvals from the US health regulator. Alembic Pharmaceuticals Ltd., (Alembic Pha...
177Lu-PSMA-617 is an experimental radiopharmaceutical which comprises of a peptide. The clinical-stage drug development company Noxopharm has reportedly announced positive provisional results from the LuPIN study concerning the Veyonda drug created ...
The novel service would be made available via two stores of Kroger in Houston and will serve consumers residing in four local zip codes Nuro, the robotics firm transforming local commerce, and Kroger, the largest American grocery retailer, have join...
The acquisition is speculated to strengthen Qatar Petroleum’s international oil & gas portfolio. Qatar’s state owned petroleum company Qatar Petroleum has reportedly inked an agreement deal with Eni. The deal entails the petroleum fi...
The companies are planning for a reverse merger which would end the Memphis operations of GTx The merger will create a publicly traded, clinical-stage firm to develop novel cancer treatments GTx Inc., a Tennessee based pharmaceutical fir...
The funding will be used to mainly augment job generation and skills development across Western Canada. Multinational technology conglomerate Cisco has reportedly announced that it plans to invest CAD 15 million in Western Canada’s secure digi...
Grab will look to partner with more companies that can provide complementary technology and services to help grow its business in the region Grab, the ride-hailing company headquartered in Singapore, is reportedly planning to raise more funding from...
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