DCAA and Dubai Municipality sign MoU for 3-year drone project
  Author: Mateen Dalal

Renowned Dubai entities, the Dubai Civil Aviation Authority or DCAA, and Dubai Municipality have reportedly inked a memorandum of understanding (MoU) for collaborating on the Dubai Horizons project in a bid to plan dro...


Read More >>
EV maker Tesla’s net income & earnings drop beyond 20% from 2022
  Author: Mateen Dalal

In a quick turn of events, the shares in electric vehicle (EV) maker, Tesla dropped over 4% after the firm reported Q1 earnings after the bell. According to Refinitiv estimates, t...


Read More >>
Tesla plans to establish new factory in Mexico to expand its presence
  Author: Mateen Dalal

Tesla, the prominent American electric carmaker, has reportedly planned to open up a new factory in Mexico, following other automakers in building their presence in the south of the U.S. border. Mexico's Pre...


Read More >>
Zoom announces reducing 15% global workforce due to sluggish growth
  Author: Akshay Kedari

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. ...


Read More >>
U.S. chipmaker Micron cuts 10% staff as computer chip demand declines
  Author: Akshay Kedari

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...


Read More >>
Incap Corporation: Incap UK invests in new production equipment
  Author: Akshay Kedari

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...


Read More >>
Seed Group brings in Apeejay Education as a strategic partner
  Author: Akshay Kedari

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 ...


Read More >>
US court rejects merger of publishing rivals Penguin, Simon & Schuster
  Author: Akshay Kedari

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. ...


Read More >>
Vector Consulting Group debuts in Indonesia to widen market reach
  Author: Akshay Kedari

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 l...


Read More >>
Brookfield to invest $1 bn in Greenko to boost decarbonization efforts
  Author: Akshay Kedari

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....


Read More >>
Lepaya acquires vCOACH to expand operations across Europe
  Author: Akshay Kedari

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 ...


Read More >>
SmileDirectClub launches new retainer manufacturing technology
  Author: Akshay Kedari

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-a...


Read More >>
Indio Networks to expand in Indian WiFi market with Beetels partnership
  Author: Akshay Kedari

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 de...


Read More >>
IBM warns of USD 3.5 Bn forex hit despite beating revenue estimates
  Author: Mateen Dalal

The stronger U.S. dollar led to a USD 900 million decline in Q2 revenue. IBM’s second-quarter revenues were supported by growing demand fro...


Read More >>
Food supply chain startup Wheelocity bags USD 12Mn in Series A round
  Author: Mateen Dalal

Wheelocity, a supply chain startup that manages fresh food supplies for on-demand delivery platforms in India, has reportedly raised USD 12 million in the Series A fundraising round as it strives to expand its workforc...


Read More >>
Xpressbees now offers same-day D2C shipments in over 1000 cities, towns
  Author: Mateen Dalal

According to e-commerce logistics major Xpressbees, the previously launched same-day delivery service for direct-to-consumer brands has now been expanded to more than 1,000 cities and towns, which will help businesses ...


Read More >>
Hyundai & Michelin extend alliance to develop tires for high-end EVs
  Author: Akshay Kedari

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 th...


Read More >>
Crypto investors looking to pull funds as market uncertainty fears loom
  Author: Akshay Kedari

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. ...


Read More >>
Retailing major IKEA to sell Russian factories and execute job cuts
  Author: Mateen Dalal

Joining the bandwagon of major conglomerates that have quit operations in Russia, IKEA has recently issued a statement claiming that it would close offices, liquidate factories, and reduce its strong workforce of nearl...


Read More >>
Oracle revenues exceed Wall Street estimations on cloud computing boom
  Author: Akshay Kedari

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 hyb...


Read More >>
Waylay Closes Series A Funding, Led by Yokogawa, PMV and AAAF
  Author: Mateen Dalal

A leading, developer-friendly enterprise hyperautomation platform at the forefront of digital transformation, bringing order into enterprise automation chaos. ...


Read More >>
Yokogawa Invests in Waylay to Support Continued Rapid Expansion of Cloud-based Solutions
  Author: Mateen Dalal

TOKYO, Japan and GHENT, Belgium – June 13, 2022 – Yokogawa Electric Corporation (TOKYO: 6841) and Waylay NV (“Waylay”) announce that Yokogawa has invested in Waylay, a lead...


Read More >>
Tata Starbucks’ revenue surges 76% to USD 81 million last fiscal year
  Author: Akshay Kedari

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. ...


Read More >>
Stellantis, Toyota to include commercial vans in existing partnership
  Author: Akshay Kedari

The new large-size commercial vans are planned for mid-2024 and mark Toyota’s first entry in this segment. Paris-listed shares of Stellanti...


Read More >>
Norwegian Air orders for 50 Being 737 Max, with added 30 in pipeline
  Author: Akshay Kedari

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...


Read More >>
BMW exploring energy investments to reduce its reliance on natural gas
  Author: Akshay Kedari

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 Russ...


Read More >>
Walmart's first-quarter profit hit by surging fuel and labor cost
  Author: Mateen Dalal

Walmart Inc. reported lower-than-expected earnings which sent its shares down by more than 8%. The company claims that its profits were predominately hampered by inflation, especially the surging fuel and labor costs.&...


Read More >>
JetBlue eyeing hostile takeover of low-cost carrier Spirit Airlines
  Author: Akshay Kedari

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. ...


Read More >>
Bookaway Group bags USD 35 Mn to digitize ground transportation sector
  Author: Akshay Kedari

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, Te...


Read More >>
Egyptian fintech firm Paymob secures USD 50 Mn in Series B funding
  Author: Akshay Kedari

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 tota...


Read More >>
Mexico’s Zubale to expand in Chile & Brazil with USD 40 Mn funding
  Author: Akshay Kedari

Zubale specializes in quickly connecting temporary workers with businesses in need of labor. The company expects to triple its revenues by 2022....


Read More >>
CoinDCX secures USD 135 Mn in fresh funding for product expansion
  Author: Akshay Kedari

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. ...


Read More >>
Thoma Bravo to buy cybersecurity firm SailPoint for USD 6.12 billion
  Author: Mateen Dalal

Thoma Bravo is reportedly planning to acquire Texas-based SailPoint Technologies at a valuation of USD 6.12 billion as part of its elevated ambition for expanding its portfolio into the security software space. ...


Read More >>
EV makers in China severely affected by strict COVID-19 curbs: Report
  Author: Akshay Kedari

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 opera...


Read More >>
Lamborghini records 86% growth, crosses 400-unit sales mark in India
  Author: Akshay Kedari

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 it...


Read More >>
BMW to open 5 battery Gigafactories for strengthening its EV portfolio
  Author: Mateen Dalal

BMW AG is reportedly planning to make a foray into battery manufacturing to expand on its electric vehicle portfolio. The luxury automaker brand will now mirror the footsteps of Volkswagen Group, General Motors Company...


Read More >>
Marriott, Baraka Lodges to launch Africa’s first luxury safari lodge
  Author: Akshay Kedari

The resort will have 20 personal tents, with one presidential gazebo and two interwoven canopied suites. This new addition will join Marriott Bonvo...


Read More >>
Retail e-commerce firm CommerceIQ bags USD 115 Mn in Series D funding
  Author: Mateen Dalal

CommerceIQ, a retail e-commerce platform, has reportedly bagged USD 115 million in a Series D funding round that was spearheaded by Softbank Vision Fund 2, now valuing the company over USD 1 billion. ...


Read More >>
Reliance Retail expands its apparel footprint with Clovia stake buyout
  Author: Akshay Kedari

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...


Read More >>
Stellantis to double down on electrification efforts to boost revenues
  Author: Akshay Kedari

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...


Read More >>
Aston Martin bets on more profitable lineup to continue momentum
  Author: Mateen Dalal

Aston Martin anticipates a strong turnaround as it focuses on new launches, more profitable models, and plans to increase prices across its line-up. Better sales have helped the British luxury carmaker narrow its annua...


Read More >>
Starbucks faces criticism in China after police incident at its outlet
  Author: Mateen Dalal

Starbucks is reportedly facing heavy public criticism in China for the second time in less than three months after an incident at one of its outlets led to an uproar on state media as well as by online users. ...


Read More >>
Global trade bottlenecks likely to ease out in the coming months: WTO
  Author: Mateen Dalal

According to the World Trade Organization, global trade bottlenecks are primarily being caused by sudden spikes in demand rather than supply chain disruptions, and this pressure is likely to ease in the coming months....


Read More >>
Tinder-rival Bumble makes first acquisition with France’s Fruitz
  Author: Mateen Dalal

Match Group-owned Tinder and Bumble are two of the biggest online dating companies, of which, the former has established a big position in Europe. Aiming to catch up in this market, Bumble Inc has reportedly bought Fra...


Read More >>
Wasabi Technologies launches Paris storage region to meet global demand
  Author: Mateen Dalal

Wasabi Technologies has reportedly opened a new storage region in Equinix Paris to cater to the elevated demand for its hot cloud storage and to be in proximity to its customers as well as partners throughout France....


Read More >>
India’s Swiggy is now worth USD 10.7 Bn following a USD 700 Mn funding
  Author: Mateen Dalal

India’s food delivery behemoth Swiggy has reportedly bagged USD 700 million in a Series K funding that was spearheaded by Invesco, now valuing the seven-year-old startup at USD 10.7 billion. The recent developmen...


Read More >>
McDonald’s Germany partners with location intelligence firm Targomo
  Author: Mateen Dalal

McDonald's Germany has reportedly teamed up with Targomo, a location intelligence business, to meticulously plan its expansion requirements. Targomo uses Artificial Intelligence (AI) to analyze geospatial data and ...


Read More >>
Your-Space bags USD 10 million to expand its student housing services
  Author: Akshay Kedari

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 combinat...


Read More >>
INDmoney secures USD 75 million to build an all-inclusive finance app
  Author: Mateen Dalal

INDmoney, an Indian wealth management platform, has reportedly secured USD 75 million in a Series D funding round that was co-led by Tiger Global, Dragoneer, and Steadview Capital. The firm intends to use the fresh fun...


Read More >>
Volkswagen seeks to double the sales of its electric vehicles in China
  Author: Mateen Dalal

Volkswagen is reportedly planning to ramp up its electric vehicle (EV) offense in the world's largest auto market, China in 2022. The announcement comes after the German automotive giant failed to miss out on its s...


Read More >>
Tesla signs deal with Talon Metals for carbon-neutral nickel supply
  Author: Mateen Dalal

Tesla Inc. has reportedly signed its first nickel supply agreement in the U.S., choosing Talon Metals Corporation’s Tamarack mining project in Minnesota. The automaker intends to manufacture the battery metal for...


Read More >>
Hexagon buys Minnovare to strengthen its 'mine solutions' portfolio
  Author: Mateen Dalal

Hexagon AB, a global pioneer in digital reality solutions that combines sensor, software, and autonomous technologies, has announced the acquisition of Minnovare, a leading producer of underground drilling technology t...


Read More >>
Samsung expects to record highest Q4 profit on solid server chip demand
  Author: Akshay Kedari

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. ...


Read More >>
BMW India records highest growth in a decade; delivers 8,876 vehicles
  Author: Mateen Dalal

BMW Group India has reportedly logged its highest growth in 10 years last year as it delivered 8,876 units of vehicles including both MINI and BMW models, along with 5,191 motorcycle units. Sources stated that 8,236 ve...


Read More >>
Belgium to buy 10,000 courses of Merck, Pfizer COVID-19 antiviral pills
  Author: Akshay Kedari

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 Decemb...


Read More >>
Tata and Mahindra to work on managing worldwide chip crisis next year
  Author: Akshay Kedari

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 co...


Read More >>
Nike beats revenue expectations amidst high demand from North America
  Author: Mateen Dalal

Nike's second-quarter sales had increased by 12% in North America. Even the company's overall revenue had surged by 1%, reaching 11.36 bill...


Read More >>
Zara’s parent and H&M witness strong sales recovery from pandemic woes
  Author: Mateen Dalal

Zara’s owner Inditex along with H&M have reportedly recorded a surge in sales volumes that reached pre-pandemic levels, as the two leading fashion retailers witnessed rapid demand recovery despite challenges ...


Read More >>
Serum Institute aims to launch Novavax shot for children in 6 months
  Author: Akshay Kedari

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....


Read More >>
IPO-bound Ola now valued at USD 7.3 billion after Edelweiss investment
  Author: Akshay Kedari

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 ...


Read More >>
Investors pressing F&B companies, govts over global nutrition crisis
  Author: Mateen Dalal

In the face of global nutrition crisis, investors handling USD 12.4 trillion worth of assets are urging governments and food & beverage businesses to speed up the transition to healthier product offerings. ...


Read More >>
eBay buys partner firm Sneaker Con Digital’s authentication business
  Author: Mateen Dalal

E-commerce corporation eBay has entered into an agreement with and Sneaker Con Digital to acquire the latter’s sneaker authentication business. The acquisition is an expansion of the ongoing partnership between S...


Read More >>
Shell halves its Singapore crude processing capacity to cut emissions
  Author: Mateen Dalal

Royal Dutch Shell plc has reportedly cut the crude processing capacity at its center in Singapore by half and curtailed fuel exports, as the company shifts away from fossil fuels in order to reduce emissions and fulfil...


Read More >>
Daimler India faces heavy net losses due to pandemic-induced slowdown
  Author: Akshay Kedari

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 conse...


Read More >>
EV maker Canoo to relocate to Walmart’s hometown for U.S. expansion
  Author: Mateen Dalal

California-based electric carmaker Canoo is planning to expand its U.S. footprint by setting up its new headquarters and an advanced manufacturing industrialized facility in Bentonville, Arkansas, a city best known for...


Read More >>
HR tech firm Advantage Club raises USD 5 Mn, eyes global expansion
  Author: Mateen Dalal

AI-based tech startup Advantage Club has reportedly raised USD 5 million in its latest funding round. The fundraising was done in two parts, with USD 3.3 million invested by Jetty Ventures, SMC Advisors, Earlsfield Cap...


Read More >>
White House to roll out 15 Mn COVID-19 shots for children by next week
  Author: Mateen Dalal

The announcement comes after the FDA recently approved the BioNTech and Pfizer COVID-19 vaccine for children. The U.S. Centers for Disease Control ...


Read More >>
Moderna to supply 110 million COVID-19 shots to the African Union
  Author: Mateen Dalal

The African Union is reportedly set to purchase nearly 110 million shots of COVID-19 vaccines from American pharmaceutical biotech company, Moderna, Inc. The agreement, which is partially brokered by the White House, w...


Read More >>
Indian fintech startup CRED raises USD 251 million in Series E funding
  Author: Akshay Kedari

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 20...


Read More >>
Robo-advisor startup Fount raises USD 33.4 million in Series C funding
  Author: Akshay Kedari

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 learni...


Read More >>
Gogoro opens battery swapping stations in Hangzhou with Yadea and DCJ
  Author: Mateen Dalal

The company’s battery swapping unit will operate under the Huan Huan brand in China. Gogoro is aiming to open 80 battery swapping stations in...


Read More >>
Tesla sets record of delivering 241,300 units during the third quarter
  Author: Mateen Dalal

Tesla Inc. has reportedly delivered a record-breaking 241,300 electric vehicles during the third quarter of this year, significantly exceeding expectations. The news comes as other U.S. automakers have been experiencin...


Read More >>
Lufthansa to pay off government bailout by raising USD 2.5 billion
  Author: Mateen Dalal

Major German airliner Deutsche Lufthansa AG is expected to raise USD 2.5 billion by issuing new shares to the public, to repay a portion of the German government’s financial aid which had been received during the...


Read More >>
Samsung to maintain its lead in Q3 global semiconductor sales: Report
  Author: Mateen Dalal

Samsung Electronics is likely to uphold its top position as the world’s largest memory supplier in the third quarter this year, backed up by a strong memory demand. The South ...


Read More >>
Jungle Ventures raises USD 225 Mn in first close for its fourth fund
  Author: Mateen Dalal

Jungle Ventures has announced to have secured USD 225 million during its first close of Fund IV, as the venture capital company aims to bolster its successes across Southeast Asian as well as Indian startups. This four...


Read More >>
Chevron to sell SAF test batch to Delta Air for tracking emissions data
  Author: Akshay Kedari

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 Line...


Read More >>
IPO-bound Delhivery secures USD 76 million from Lee Fixel’s Addition
  Author: Akshay Kedari

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 b...


Read More >>
Walmart to hire 20,000 supply chain employees before the holiday season
  Author: Mateen Dalal

Amidst the surge in unemployment rates during the COVID-19 pandemic, Walmart Inc. is reportedly looking to hire around 20,000 workers at its supply chain facilities and fulfillment centers. The retailer intends to fill...


Read More >>
Boston’s Whoop valued at USD 3.6 billion after investment by Softbank
  Author: Akshay Kedari

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 we...


Read More >>
Identity management firm ForgeRock files to go public as sales surge
  Author: Mateen Dalal

Enterprise identity and data protection technology firm ForgeRock has recently applied for an initial public offering (IPO) to catch up with the market. Increasing cyberattacks on all sizes of organizations have added ...


Read More >>
IPO-bound Paytm allies with HDFC to empower newly digitized businesses
  Author: Akshay Kedari

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 ...


Read More >>
Danggeun Market reaches unicorn status with USD 162 Million funding
  Author: Akshay Kedari

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. ...


Read More >>
HSBC eyes Axa Singapore’s assets worth USD 575 million for Asia expansion
  Author: Akshay Kedari

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 larg...


Read More >>
Unity Technologies inks agreement to acquire Parsec for USD 320 million
  Author: Akshay Kedari

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. ...


Read More >>
Oil prices plummet amidst China's COVID-19 curbs, strong U.S. dollar
  Author: Mateen Dalal

Oil prices dipped 2% on 9th August, recording a three-week low, while dragging out the previous week's hefty loss spree. This price decline was mainly driven by a stronger U.S. dollar and concerns that COVID-19 rel...


Read More >>
U.S. stocks surge, oil prices drop as markets weighed mixed signals
  Author: Mateen Dalal

According to reliable sources, U.S. stocks surged, and oil prices dropped recently amid mixed signals among investors about economic growth data and corporate earnings. Even Wall Street’s primary stock indexes we...


Read More >>
Bluebird Nordic to add 25 units to its Boeing B737-800 fleet by 2024
  Author: Mateen Dalal

Iceland-based cargo airline Bluebird Nordic plans to go big with the announcement of expanding its existing B737-800 aircraft fleet through the addition of 25 units by the end of 2024. The move is likely to be a game-c...


Read More >>
GOAT Brand Labs secures USD 36 million in Series A funding round
  Author: Akshay Kedari

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 a...


Read More >>
Bukalapak to raise USD 1.5 billion during Indonesia’s largest-ever IPO
  Author: Mateen Dalal

The Indonesian e-commerce platform, Bukalapak is reportedly planning to secure about USD 1.5 billion in its largest IPO on 6th August 2021, presaging a plethora of domestic tech listings. The company will upsize its of...


Read More >>
Vietnamese investment app Infina raises USD 2 Mn in seed funding
  Author: Mateen Dalal

Infina, which calls itself the Robinhood of Vietnam, has reportedly raised USD 2 million in a seed funding round with oversubscriptions. It saw participation from Nextrans, 500 startups, 1982 Ventures, Venturra Discove...


Read More >>
Max Healthcare launches AI-powered remote patient monitoring platform
  Author: Mateen Dalal

Max Healthcare, boasting over 15 super specialty hospitals, integrated home care and diagnostics services in India, has reportedly launched the country’s first-ever artificial intelligence-powered device integrat...


Read More >>
Car bidding platform Motorway bags USD 67.7 million in Series B funding
  Author: Akshay Kedari

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. Exi...


Read More >>
Google’s Gradient Ventures leads Vault’s USD 8.2 Mn Series A funding
  Author: Akshay Kedari

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 Illu...


Read More >>
TVS Motor strengthens its presence in Iraq by launching 2 new vehicles
  Author: Akshay Kedari

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...


Read More >>
U.K.-based AI startup Faculty bags USD 42.5 million in growth funding
  Author: Akshay Kedari

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...


Read More >>
JD Logistics looking to raise USD 3.4 billion during its Hong Kong IPO
  Author: Akshay Kedari

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...


Read More >>
Swisscom picks Nokia for optical transport infrastructure upgrade
  Author: Akshay Kedari

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 su...


Read More >>
Bibit raises USD 65 Mn in funding round led by Sequoia Capital India
  Author: Akshay Kedari

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....


Read More >>
Insurtech startup Riskcovry secures USD 5 million in Series A funding
  Author: Mateen Dalal

Riskcovry, an Indian digital insurance provider has procured USD 5 million in an Omidyar Network India-led Series A funding round. Companies including Pentathlon Ventures and DMI Sparkle Fund also participated in the e...


Read More >>
Ferrari is steadily losing its popularity in the online space: Study
  Author: Mateen Dalal

A study shows that Ferrari S.p.A, an Italian luxury sports car brand, has been witnessing a continual decline in its online search numbers over the past decade. The fact that Ferrar...


Read More >>
Geely and Volvo Cars to launch powertrain entity, abandon merger talks
  Author: Mateen Dalal

Chinese multinational automotive giant Zhejiang Geely Holding Group Co. Ltd., commonly known as Geely, has reportedly abandoned merger talks with sister company Volvo Cars. Instead, the duo intends to launch a new unit...


Read More >>
Zoom EV’s new car share program gets insured by Trov Mobility
  Author: Akshay Kedari

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 a...


Read More >>
Twitter explored ShareChat acquisition to turn Moj into TikTok rival
  Author: Akshay Kedari

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. ...


Read More >>
Nestlé to sell its North American water business to One Rock Capital
  Author: Mateen Dalal

One Rock Capital Partners LLC, along with its affiliate Metropoulos & Co., has reportedly signed a definitive agreement to acquire Nestlé Waters North America (NWNA) from Swiss multinational conglomerate Nes...


Read More >>
Amazon-backed Rivian planning to go public by September 2021
  Author: Mateen Dalal

Rivian Automotive Inc., an electric-vehicle startup, which is funded by Ford Motor Co. and Amazon.com Inc., is reportedly planning to go public later this year, with a current valuation of over USD 50 billion. Sources ...


Read More >>
Water treatment applications drive the use of new separation machinery
  Author: Mateen Dalal

With a positive application outlook in key industry verticals such as wastewater treatment, industrial processing, life sciences, HVAC, and transportation, the global separation machinery industry has been gaining a lo...


Read More >>
Sony raises profit outlook amidst growing demand for home entertainment
  Author: Mateen Dalal

Sony’s operating profit during the Q3 2020 surged by 20% and had reached USD 3.41 billion. The company expects to sell around 7.6 million Pla...


Read More >>
Marriott planning to launch 100 properties in Asia-Pacific in 2021
  Author: Mateen Dalal

American multinational hospitality company Marriott International Inc. has revealed its plans of opening 100 new properties in Asia-Pacific in the year 2021. Last year, the hospital...


Read More >>
SparkCognition allies with SkyGrid to bring AI cybersecurity in drones
  Author: Akshay Kedari

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...


Read More >>
Mercedes Benz India planning to launch 15 new vehicles in 2021
  Author: Mateen Dalal

According to reliable sources, luxury car manufacturer Mercedes Benz India Pvt. Ltd. is planning on launching around 15 new cars in an attempt to boost its sale figures in 2021. Moreover, the company also revealed plan...


Read More >>
Volvo to triple EV production volume at its Belgium facility from 2022
  Author: Mateen Dalal

Swedish luxury car manufacturer, Volvo AB has announced plans to triple electric vehicle production capabilities at its manufacturing facility in Ghent, Belgium, from the year 2022. ...


Read More >>
Alibaba to sell bonds worth USD 5 billion amidst regulatory scrutiny
  Author: Mateen Dalal

According to reliable sources, Chinese multinational technology company Alibaba Group Holding Ltd. is planning to secure around USD 5 billion by trading its dollar-denominated bonds this month. The proceeds are expecte...


Read More >>
Herbalife Nutrition to repurchase USD 600 million Icahn owned shares
  Author: Mateen Dalal

In a move to highlight its expansion prospects, Los Angeles based premier dietary supplements giant, Herbalife Nutrition, reportedly declared its plans to repurchase USD 600 million worth common shares from Icahn Enter...


Read More >>
Nuro announces acquisition of autonomous trucking startup- Ike
  Author: Mateen Dalal

Amidst the ongoing wave of mergers, acquisitions, and collaborations, autonomous delivery firm- Nuro has recently announced taking over a startup formed by veterans of Google, Apple, and Uber Technologies Group- Ike in...


Read More >>
Rent-A-Center to acquire Acima Holdings to expand LTO service portfolio
  Author: Mateen Dalal

Texas-based renting service company Rent-A-Center Inc. has reportedly signed a definitive agreement to acquire leading provider of virtual lease-to-own (LTO) solutions, Acima Holdings LLC. Sources familiar with the mat...


Read More >>
Australia-based BNPL provider Openpay Group enters U.S. Market
  Author: Mateen Dalal

Australian buy now pay later (BNPL) services provider Openpay Group Ltd. has reportedly launched its operations in the U.S. market. The company has also appointed a U.S. executive team in order to support the impending...


Read More >>
Oracle relocates its headquarters from California to Austin, Texas
  Author: Mateen Dalal

Oracle Corporation is not the only technology company to relocate from California. Unlike Texas or any other states, California currently has the h...


Read More >>
MSP Sports Capital purchases 15% minority stake in McLaren Racing Ltd.
  Author: Mateen Dalal

In recent developments, New York-headquartered investment group MSP Sports Capital has reportedly purchased a 15% minority stake in McLaren Racing Limited. The long-term investment will include an initial payment of US...


Read More >>
Airbnb reveals a simplified host-only fee structure prior to its IPO
  Author: Akshay Kedari

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 ...


Read More >>
Google Maps launches Community Feed that looks much like Facebook
  Author: Mateen Dalal

Taking on the social media giant Facebook, Google Maps has reportedly introduced its “Community Feed”, a recent upgradation which Google calls its new feature. A series of updates comprising posts from a lo...


Read More >>
UK carmakers stockpile cars, parts with the nearing of Brexit deadline
  Author: Akshay Kedari

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 r...


Read More >>
Singapore Airlines raises $500M with the help of 10-year bonds
  Author: Mateen Dalal

SIA (Singapore Airlines), a flag carrier airline of the country of Singapore, has reportedly raised over $500 million through private placement of 10-year long bonds. The secured amount was raised to $500 million from ...


Read More >>
7 Hills Pharma begins Phase-1 trial of 7HP349 to improve immunotherapy
  Author: Mateen Dalal

7 Hills Pharma, a clinical stage immunotherapy company that develops drugs and treatment options for preventing cancer and infectious diseases, has reportedly announced that the initiation of Phase 1 trial of 7HP349. A...


Read More >>
Israeli Meat-Tech 3D raises $7 million from a new investment round
  Author: Mateen Dalal

Meat-Tech 3D, a leading developer of cultivated meat production technologies that uses advanced 3D bioprinting, has reportedly announced that it raised $7 million from a new investment round that was led by Tel Aviv ba...


Read More >>
Spectrum Brands buys Armitage to expand its pet solutions portfolio
  Author: Mateen Dalal

U.S.-based Fortune 500 company Spectrum Brands Holdings Inc. has reportedly announced the acquisition of Armitage Pet Care Limited for around USD 180 million. Sources close to the m...


Read More >>
HOPCo acquires Stryker’s health system orthopedic service operations
  Author: Akshay Kedari

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 ort...


Read More >>
Bluegem announces acquisition of Panzeri Group through Pool Service
  Author: Mateen Dalal

Bluegem Capital Partners, the London-based mid-market private equity Fund, has reportedly announced that its portfolio company Pool Service has acquired Italy-based Panzeri Diffusion. The firm that will be created from...


Read More >>
Tipalti Raises $150 Mn at $2 Bn Valuation to Lift Its Finance Function
  Author: Mateen Dalal

Tipalti, a pioneer in global payables automation solution announced that it has raised $150 million at a valuation of over $2 billion, bringing the total capital raised to about $280M million for a B2B fintech company....


Read More >>
Flower One enters into USD 39M loan agreement with Subversive REIT
  Author: Mateen Dalal

Flower One Holdings, Inc., has reportedly signed a term debt loan agreement for a sum of USD 39 million with Subversive REIT. As per the deal, Flower One gave Subversive REIT an option of two years for pursuing a sale-...


Read More >>
Securitas acquires electronic security businesses of Stanley Security
  Author: Mateen Dalal

Securitas, a Sweden based security services firm, has reportedly announced the acquisition of the electronic security businesses of US based security system provider, Stanley Security Solutions, located in Portugal, In...


Read More >>
Ampersand Capital recapitalizes American Laboratory Products Co.
  Author: Mateen Dalal

New Hampshire-based in-vitro diagnostics expert American Laboratory Products Co. Ltd. (ALPCO) recently announced the recapitalization of its enterprise by Ampersand Capital Partners, a middle market private equity firm...


Read More >>
Qualtrics partners with S&R to augment healthcare experience
  Author: Mateen Dalal

Qualtrics, a Utah-based software company that focuses on the experience management (XM) category, has recently announced that it has inked a partnership deal with Safe & Reliable Healthcare (S&R), a renowned pl...


Read More >>
Fulcrum Biometrics acquires DelaneyBiometrics, adds European footprint
  Author: Akshay Kedari

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...


Read More >>
Integrated Polymer Solutions reveals acquisition of MAST Technologies
  Author: Mateen Dalal

Integrated Polymer Solutions ("IPS"), one of the leading companies in engineering and designing elastomeric components and tools for military, aerospace, and biopharma, has reportedly acquired MAST Technologi...


Read More >>
Bionano buys Lineagen for USD 9.6 Mn to expand commercial footprint
  Author: Mateen Dalal

Bionano Genomics, Inc., California-based genome analysis firm has reportedly announced its acquisition of genetic diagnostics company, Lineagen Inc. in a bid to accelerate diagnostic procedures regarding comprehensive ...


Read More >>
Amplyx enters anti-BKV monoclonal antibody into Phase 2 clinical trial
  Author: Akshay Kedari

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 reported...


Read More >>
Sanofi to purchase biopharmaceutical company Principia Biopharma
  Author: Akshay Kedari

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 1...


Read More >>
Advent to acquire 75% stakes in parcel delivery group Hermes UK
  Author: Akshay Kedari

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 ami...


Read More >>
MRI Software buys Housing Partners to strengthen digital offerings
  Author: Akshay Kedari

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. ...


Read More >>
LGM Pharma acquires Nexgen’s formulations development business
  Author: Mateen Dalal

LGM Pharma, an innovation-driven API, and procurement specialist has reportedly announced that it has acquired the Nexgen Pharma Inc's formulations and drug product contract business. This acquisition integrates LG...


Read More >>
Nokia provides 5G SA network to Sandvik Mining and Rock Technology
  Author: Akshay Kedari

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 ...


Read More >>
Danaher Water Quality Platform acquires Aquatic Informatics Inc
  Author: Mateen Dalal

Danaher Water Quality Platform, a renowned enterprise that focuses on addressing critical water sector challenges, has reportedly announced the acquisition of Aquatic Informatics, a leading mission-driven software ente...


Read More >>
Hinterland Metals inks letter of intent to procure Novamind Ventures
  Author: Akshay Kedari

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-base...


Read More >>
Walmart to turn parking lots into drive-in theaters with Tribeca
  Author: Akshay Kedari

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 th...


Read More >>
Brainlab acquires Level Ex to offer digital tech in healthcare sector
  Author: Mateen Dalal

Brainlab, a privately held medical technology company, has recently acquired a video game developer for medical professionals, Level Ex. The video games created by the company are used in training doctors to diagnose &...


Read More >>
Piramal Pharma-G&W enter acquisition deal for Sellersville facility
  Author: Akshay Kedari

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, th...


Read More >>
Walmart acquires technology from digital health company CareZone
  Author: Akshay Kedari

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. ...


Read More >>
Dr. Reddy's purchases some of Wockhardt's business divisions
  Author: Mateen Dalal

Dr. Reddy's Laboratories, a multinational pharmaceutical company manufacturing and marketing a wide range of pharmaceuticals in overseas and India, has reportedly announced that it has acquired a few business divis...


Read More >>
Hippo Insurance Services takes over Spinnaker Insurance Company
  Author: Mateen Dalal

Home-insurance and ownership transformer, Hippo Insurance Services, has reportedly announced its acquisition of national property and casualty insurer, Spinnaker Insurance Company. Hippo was advised for this acquisitio...


Read More >>
ZALORA-The Trade Desk to collaborate for new measurement capabilities
  Author: Mateen Dalal

ZALORA, a leading online fashion destination, has reportedly agreed to collaborate with an advertising technology platform, The Trade Desk, on attribution integration in Asia. This attribution integration will provide ...


Read More >>
Newton Mail creator Rohit Nadhani unveils asset tracker app Kubera
  Author: Mateen Dalal

Rohit Nadhani, a serial entrepreneur, has recently launched Kubera, a new startup that mainly aims to provide an alternative to utilizing a spreadsheet for keeping a track of the investments, debts, assets, cryptocurre...


Read More >>
KYB inks deal with REE Automotive to bring advanced EV solutions
  Author: Akshay Kedari

  KYB’s highly advanced semi-active and active system solutions will drive the next-gen electric vehicle production efforts of REE ...


Read More >>
Merck acquires rights for SENTINEL branded products from Virbac
  Author: Mateen Dalal

Merck Animal Health, a renowned veterinary products and services company and a subsidiary of Merck & Co., and Virbac, a French animal healthcare pharmaceutical company, jointly announced that they have signed a new...


Read More >>
Spiffy acquires Carmacy Fleet to strengthen its car care portfolio
  Author: Mateen Dalal

Get Spiffy, Inc., an on-demand technology and services company, has reportedly acquired an American mobile fleet maintenance service provider company, Carmacy to strengthen its fleet maintenance   service por...


Read More >>
Avecho inks medicinal cannabis supply deal with Tasmanian Alkaloids
  Author: Mateen Dalal

Avecho Biotechnology, a renowned Australian pharmaceutical company, has reportedly announced a new medical cannabis supply contract with Tasmanian Alkaloids, an Australian biopharmaceutical company, with an aim to boos...


Read More >>
NFP buys Johnson Fleming Group to expand its footprint in the U.K.
  Author: Mateen Dalal

  NFP aims at introducing expertise and advancements in the U.K. benefits and pension market The acquisition will enhance employer com...


Read More >>
U.S. FDA gives nod to University of Minnesota’s low-cost ventilator
  Author: Mateen Dalal

The U.S. Food and Drug Administration (FDA) has reportedly given a green flag to the production and use of a low-cost ventilator designed by the University of Minnesota’s team of researchers along with an alumnus...


Read More >>
CSC buys TCS, expands alternative investment fund capabilities in Europe
  Author: Mateen Dalal

CSC, a leading firm providing legal, tax, as well as digital and business services across the world, has recently announced that it has finished its acquisition of TCS-Groep, a service provider of alternative investmen...


Read More >>
SAIC announces acquisition of Unisys Federal for USD 1.2 billion
  Author: Mateen Dalal

The deal marks as the second-largest procurement by SAIC in recent times when it purchased Engility- another large contractor for a total valuation of USD 2.5 billion. ...


Read More >>
Eaton to acquire PDI for data center power distribution solutions
  Author: Mateen Dalal

Eaton Corporation Inc., an Irish multinational power management company, has reportedly agreed to acquire Virginia-based Power Distribution, Inc. (PDI). For a record, PDI supplies mission-critical power distribution, p...


Read More >>
VSE set for divestment—Prime Turbines to be sold for $21 million
  Author: Akshay Kedari

The Aviation Group will focus on higher growth component and accessory repair and part distribution. The divestment is expected to be completed til...


Read More >>
Kone hands in highest offer for Thyssenkrupp’s elevator unit at $18.9B
  Author: Mateen Dalal

Kone, a Finland-based engineering and service company, is reportedly attempting to outbid rival companies with a preliminary offer of $18.9 billion (17 billion euros) for Thyssenkrupp’s elevator unit. The offer, ...


Read More >>
ArcTern invests in Terramera to boost sustainable farming practices
  Author: Akshay Kedari

  Terramera closed the funding round with USD 48.5 million with other investors including S2G ventures, Ospraie Ag Science The investm...


Read More >>
Teijin to establish TACE to enhance automotive composite business
  Author: Akshay Kedari

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 withi...


Read More >>
Boeing to develop VTOL technology with Israel’s Tactical Robotics
  Author: Mateen Dalal

U.S. based aerospace company, Boeing has announced inking a partnership agreement with UAV specialist Tactical Robotics. Under this agreement, both the firms would jointly work on marketing, producing and developing ai...


Read More >>
Flair Airlines amid plans to grow its fleet and offer low cost fares
  Author: Akshay Kedari

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 Air...


Read More >>
Olam International to regroup into global and ingredients businesses
  Author: Akshay Kedari

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 201...


Read More >>
Kalmar enables improvement of automation for Patrick Terminals
  Author: Akshay Kedari

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...


Read More >>
EnChroma launches brand new line of lenses
  Author: Akshay Kedari

The new lens series may be beneficial for patients with conditions such as macular degeneration, glaucoma, cataracts, optic neuropathy, and other visual disorders. ...


Read More >>
Grab partners with Singtel for Singapore digital banking license
  Author: Akshay Kedari

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 t...


Read More >>
Autonomous aircraft firm Pyka secures $11 million in seed funding
  Author: Akshay Kedari

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 Capi...


Read More >>
COOEC-Fluor announces safe completion of module program in Kuwait
  Author: Akshay Kedari

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 (Kuw...


Read More >>
Ant Financial acquires significant stake in Vietnamese eMonkey
  Author: Mateen Dalal

Amid various M&As and collaborations taking place amid the ecommerce space, one of China’s leading finance firm, Ant Financial has announced taking over a sizable stake in Vietnam’s e-wallet platform, e...


Read More >>
TowerJazz denies selling its 51% stake in Japan chip JV with Panasonic
  Author: Akshay Kedari

  Panasonic announced the sale of its of semiconductor business to Taiwan based Nuvoton The Panasonic-TowerJazz JV comprises three man...


Read More >>
Ocado to open new mini robotic Customer Fulfilment Centre in Bristol
  Author: Mateen Dalal

It will be the first mini-robotic warehouse of Ocado in Bristol. Ocado, a British online grocer, has announced that it has been planning to open a mini robotic war...


Read More >>
China Telecom, Syniverse extend new connectivity solutions to Africa
  Author: Mateen Dalal

CTG will design a cost-effective connectivity solution with superior performance and security   African mobile operators can adopt next...


Read More >>
Meta Byte and Virsec to offer cybersecurity in the Middle East
  Author: Mateen Dalal

Meta Byte Technologies, a provider of next-gen technology solutions, recently announced that it has inked a strategic partnership with Virsec, a leading firm in cybersecurity innovation and a renowned pioneer in cyber ...


Read More >>
TikTok owner ByteDance in talks to enter subscription music business
  Author: Mateen Dalal

Beijing ByteDance Technology Co Ltd, owner of popular short-video app TikTok has recently announced its intention to enter the streaming music business. The Chinese firm has set its sights on developing a brand new Tik...


Read More >>
China’s Xpeng Motors secures $400m to expand electric car production
  Author: Mateen Dalal

  Xpeng has already launched vehicles like G3 SUV and P7 sedan Xpeng and investors like Xiaomi will work together to develop new techn...


Read More >>
Eastman partners with Circular Polymers to recycle waste carpets
  Author: Mateen Dalal

With each passing day, the challenges associated with waste recycling is intensifying across developed countries. Old carpets pulled from houses and commercial buildings have turned out to be the most problematic waste...


Read More >>
Halliburton signs agreement with ARTC to become an anchor member
  Author: Akshay Kedari

The development of these collaborative solutions will improve value for customers. Halliburton Company has reportedly announced that it has entered into a strategic...


Read More >>
U.S.-based ConnectWise announces acquisition of ITBoost and Continuum
  Author: Mateen Dalal

ConnectWise has made some groundbreaking developments in the IT industry. With solutions helping in remote management and monitoring, business management, quote automation, cybersecurity risk assessments, and remote ac...


Read More >>
Lockheed Martin inks a new $34 billion F-35 contract with the Pentagon
  Author: Akshay Kedari

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 20...


Read More >>
Confluence procures UK-based StatPro in an all-cash £161.1Mn deal
  Author: Akshay Kedari

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 renowne...


Read More >>
Micron Ventures to take part in Volocopter’s Series C investment round
  Author: Mateen Dalal

Increasing migration of people to urban localities is revolutionizing the mobility sector. The need for innovative solutions in transportation is fueling private aircraft manufacturers. Volocopter, a German aircraft ma...


Read More >>
Samsung SDS announces partnership with Tech Mahindra and Pega
  Author: Mateen Dalal

Blockchain has managed to become the most effective invention of the century as it progresses towards becoming the backbone for a new type of internet, as well as is far more than what it was originally meant to do, i....


Read More >>
Mastercard announces expansion of Bill Pay Exchange with partners
  Author: Akshay Kedari

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 innovati...


Read More >>
Vodafone Idea & TCS extend their long-term partnership by 5 years
  Author: Mateen Dalal

Indian telecom operator, Vodafone Idea Ltd., has reportedly extended its strategic partnership with IT conglomerate Tata Consultancy Services Ltd. by additional five years to improve its telecom user’s experience...


Read More >>
ACERTUS launches proprietary TMS for ease of vehicle transport
  Author: Akshay Kedari

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 a...


Read More >>
Samsung Pay partners with Finablr for cross-border transactions
  Author: Akshay Kedari

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...


Read More >>
Convergint Technologies acquires Real Connect to expand in Europe
  Author: Mateen Dalal

Service based system integration firms are witnessing a substantial growth recently due to the integration benefits in quality and productivity of operations. Pertaining to the rapid industry growth and integration adv...


Read More >>
Sinch to acquire myElefant for €18.5 Mn in an all-cash transaction
  Author: Akshay Kedari

· The acquisition will help Sinch enhance its business outcomes through next-gen messaging. · The transaction will be closing in early October...


Read More >>
Darwinbox raises $15M in a Series B funding round led by Sequoia India
  Author: Akshay Kedari

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 ...


Read More >>
FarmWise raises $14.5 million for sustainable farming robot systems
  Author: Mateen Dalal

With the advent of technological advancements in the agricultural sector, farmers are now trying to address issues such as equipment management and crop care using robots. Numerous agri-tech companies are raising inves...


Read More >>
Toyota plans to use same batteries as Tesla for China plug-in hybrids
  Author: Mateen Dalal

·    The automaker is using batteries designed by Panasonic for Levin and Corolla hybrid sedans for the Chinese market.  ·    The move will help Toyota secure high-quality batteries as...


Read More >>
Ceridian inks an agreement to acquire WFM solution provider RITEQ
  Author: Akshay Kedari

The acquisition would advance Ceridian’s momentum in New Zealand and the Australian markets. Ceridian HCM, Inc., a leading human capital management (HCM) tech...


Read More >>
ZTE paves its way back to US smartphone market with Axon 10 Pro
  Author: Mateen Dalal

Chinese manufacturer launches Axon 10 Pro in the US following imposed penalty few years ago. Axon 10 Pro is claimed to be driven by Qualcomm's ...


Read More >>
Blue Tie Global launches platform in UAE, enters international market
  Author: Akshay Kedari

The expansion in the International waters will augment the company’s penetration into the other GCC and Middle Eastern markets. Mumbai based new age professio...


Read More >>
ThredUP receives $175M in funding, will use capital to expand platform
  Author: Mateen Dalal

US-based online clothing resale store, ThredUP announced having received $175 million in funding which will be invested for the expansion of its online resale services to the retailers. The total capital raised by the ...


Read More >>
DSV buys Panalpina to become one of the largest airfreight providers
  Author: Akshay Kedari

Denmark company takes over Swiss logistics group Panalpina in a deal of over USD 5.5 million.   This acquisition will create the world&...


Read More >>
Coinmine raises $2.5 million in investment in its seed funding round
  Author: Akshay Kedari

Republic Labs, M13 Ventures, Gumi Crypto & early Uber financer Shervin Pishevar contributed to this funding.   Almost 10% of custo...


Read More >>
Amazon to acquire 10% stake in household retailer Future Retail
  Author: Mateen Dalal

Amazon plans to expand its reach in the Indian market in a bid to compete with Walmart owned Flipkart. Amazon Inc., a multinational tech company based in Seattle, ...


Read More >>
KKR forms alliance with NVC Lighting, acquires share in NVC China
  Author: Mateen Dalal

The resources and operational expertise of KKR supports NVC Lighting’s China Lighting business for sustained growth in the domestic market.   ...


Read More >>
IMT FA to launch in Asian markets as factory automation supplier
  Author: Mateen Dalal

The factory automation supplier is set to launch its brand in the Asian markets by 2019. The company has attained patents and certifications relate...


Read More >>
Amazon plans to build fulfillment centers in Akron & Rossford, Ohio
  Author: Mateen Dalal

The company’s new fulfillment center would generate around 2,500 full-time jobs in Ohio.         Amazon.com, Inc., an...


Read More >>
PayPal extends its international money transfer service to Europe
  Author: Akshay Kedari

Transfer of money to international markets would become easier through the service.   The money transfer service would be made availabl...


Read More >>
Microsoft’s $399 Azure Kinect Developer Kit to ship in China & the US
  Author: Akshay Kedari

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. ...


Read More >>
CNOOC, Sinopec ink cooperation agreement to study offshore blocks
  Author: Mateen Dalal

Both parties have reportedly signed three joint study agreement under the framework CNOOC Limited, the largest crude oil and natural gas producer in China, recently...


Read More >>
ZipLine acquires Florida-based gift card payment platform SmartClixx
  Author: Akshay Kedari

The acquisition would facilitate ZipLine an entry into the gift card segment. The newly acquired assets further complement ZipLine’s existing...


Read More >>
NGL Energy confirms Mesquite acquisition, secures investment form EIG
  Author: Mateen Dalal

Combining the assets of Mesquite will create Delaware Basin’s largest water disposal system NGL Energy Partners LP, a diverse midstream MLP providing several ...


Read More >>
Speech recognition AI startup Uniphore targets $38m in Series C round
  Author: Mateen Dalal

Uniphore is anticipated to be valued at $130 million by the end of the current round Uniphore Software Systems, a Chennai-headquartered speech recognition solutions company, is reportedly in talks for a $38 million Series ...


Read More >>
Flight Centre fortifies European footprint with acquisition of 3Mundi
  Author: Mateen Dalal

Flight Centre Travel Group, an Australia-based travel agency has recently announced that it has acquired 3Mundi, a Paris-based corporate travel group. The acquisition has brought around $275 million in TTV, under Fligh...


Read More >>
Wysa raises $2M in pre-series A funding round led by pi Ventures
  Author: Akshay Kedari

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 $...


Read More >>
Nexen Tire partners with Plug and Play for future tech development
  Author: Mateen Dalal

The partnership was announced at Plug & Play’s headquarter in Sunnyvale, California Nexen Tire, a leading tire manufacturer, recently announced that it ha...


Read More >>
Thrive Global & P&G tie up on consumer behavior change via Microsteps
  Author: Akshay Kedari

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 pro...


Read More >>
NetApp, NVIDIA join forces to develop AI Centre of Excellence in India
  Author: Mateen Dalal

It will help partners and customers who are looking for AI deployment as a part of their transformation journey NVIDIA, the graphics processing unit designer and Ne...


Read More >>
Victory Metals initiates Phase II drill program at Iron Point Project
  Author: Mateen Dalal

The program will include drilling 49 holes using one diamond drill rig and two reverse circulation (RC) rigs. Vancouver-based Victory Metals Inc. has recently annou...


Read More >>
PTT Exploration & Production PLC selects VALLOUREC for supplying OCTG
  Author: Mateen Dalal

Thailand-based PTT Exploration and Production PLC has reportedly selected Vallourec to provide oil country tubular goods for a demanding offshore project situated in Myanmar. ...


Read More >>
Grab seeks more investment after record $4.5B funding round in SE Asia
  Author: Akshay Kedari

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 ...


Read More >>