China scraps WHO’s plans for 2nd phase of Covid-19 origin study
  Author: Mateen Dalal

The World Health Organization’s plan for a deeper probe into the origin of the coronavirus was recently rejected by the Chinese government as the possibility of the virus leaking from the Wuhan lab was a part of ...


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McDonald’s offering tuition, childcare benefits to entice new employees
  Author: Akshay Kedari

The move comes as several restaurants are facing worker shortages during their recovery efforts. McDonald’s and its franchisees will co-fund ...


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Israel's AnyVision raises USD 235 Mn funding from SoftBank, Eldridge
  Author: Akshay Kedari

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 ...


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Rolls-Royce to deepen ties with Shell for greener aviation push
  Author: Mateen Dalal

British-Dutch multinational oil & gas company Royal Dutch Shell plc has reportedly signed an MoU (memoranda of understanding) with British engineering company Rolls-Royce to develop SAF (sustainable aviation fuel),...


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Uber, Zomato, MakeMyTrip worrying over India’s new e-commerce laws
  Author: Mateen Dalal

The Indian Department of Consumer Affairs recently released a draft of e-commerce rules that will not just affect big names like Flipkart and Amazon, but also several other companies including food delivery firms Swigg...


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Thomas Cook, SOTC Travel introduces ‘holiday first, pay later’ scheme
  Author: Akshay Kedari

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 fro...


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Italian carmaker Ferrari turns to tech industry for electric era leader
  Author: Akshay Kedari

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 2...


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Ford aims to strike big with its new F-150 Lightning pickup truck
  Author: Akshay Kedari

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 pic...


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Impossible Foods planning Australia, New Zealand entry amid IPO rumors
  Author: Akshay Kedari

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, Impos...


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TIM Brazil picks Ceragon Networks to partake in TIP 5G OpenRAN trials
  Author: Akshay Kedari

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 ...


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Intel planning to spend USD 20 billion on new chip manufacturing plant
  Author: Akshay Kedari

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 factor...


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MobiKwik planning for an IPO to raise USD 250 million by September 2021
  Author: Akshay Kedari

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 millio...


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Sharonview Federal Credit Union teams up with Elan Financial Services
  Author: Mateen Dalal

Sharonview Federal Credit Union, one of America’s leading credit unions, has reportedly inked an exclusive deal with Elan Financial Services, a credit card management service provider, to provide credit card serv...


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U.S.-based Xact IT Solutions Inc. wins CompTIA Security Trustmark+
  Author: Mateen Dalal

According to reliable sources, Philadelphia-headquartered managed IT services provider (MSP), Xact IT Solutions Inc., has received the CompTIA Security Trustmark+ from Computing Technology Industry Association (CompTIA...


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Modaxo Inc. acquires TTG Transportation to revolutionize rail travel
  Author: Akshay Kedari

Modaxo, Inc., a global collective of people transportation companies, has reportedly extended its investment in the Rail sector by acquiring TTG Transportation Technology. TTG Trans...


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McDonald’s found testing meat alternative burger in Denmark and Sweden
  Author: Mateen Dalal

Reportedly, American fast-food company McDonald’s Corp. has been quietly selling its McPlant burger in Sweden and Denmark in a bid to understand customer’s preferences before permitting its other locations ...


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Serum Institute seeks DCGI approval for Covovax COVID-19 vaccine trials
  Author: Mateen Dalal

Leading pharma company, Serum Institute of India (SII) is reportedly seeking regulatory approval from DCGI (Drugs Controller General of India) to start clinical trials of its COVID-19 vaccine COVOVAX, which is being de...


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GrowFix secures USD 2 million in funding led by Zerodha’s Rainmatter
  Author: Mateen Dalal

GrowFix, an alternate debt assets platform, has reportedly secured USD 2 million through a seed funding round which was led by Zerodha’s fintech & fund incubator Rainmatter. Other participants that were invol...


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AT&T under USD 1.35 billion lawsuit for stealing copyrighted technology
  Author: Akshay Kedari

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 th...


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Volkswagen urges U.S. Supreme Court to overturn local emission reforms
  Author: Mateen Dalal

Ohio Supreme Court had alleged Volkswagen for engaging in deceptive recalls after selling its vehicles. Volkswagen claims that Ohio’s lawsuit...


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Northway Biotech launches new cGMP manufacturing facility in Boston
  Author: Akshay Kedari

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, Massach...


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Coherent’s shares surge by 33% after Lumentum reveals acquisition plans
  Author: Mateen Dalal

Coherent Inc., an American leading provider of lasers and laser-based technologies, witnessed a 33% jump in shares, after its rival organization Lumentum touted plans of its acquisition in a cash and stock deal. ...


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Bühler-DIL enter partnership to strengthen alternative proteins R&D
  Author: Akshay Kedari

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 &...


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Bakery processing equipment to witness increasing demand with innovations in production
  Author: Akshay Kedari

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 ...


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Fiat Chrysler to invest USD 250 mn, eyes booming Indian auto market
  Author: Mateen Dalal

According to reliable sources, Italian-American car manufacturing giant Fiat Chrysler Automobiles N.V revealed its plans of investing around USD 250 million to strengthen its presence in the Indian automotive market. T...


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Raytheon Technologies acquires satellite manufacturer Blue Canyon
  Author: Mateen Dalal

The acquisition will enable Blue Canyon to strengthen its product line and conduct more complex space missions. Blue Canyon is currently developing...


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StockX valuation skyrockets to USD 2.8 Billion in latest funding round
  Author: Akshay Kedari

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. ...


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Facebook eyes Indian market, to make substantial long term investments
  Author: Akshay Kedari

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 e...


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U.S-based FireEye announces breach and hacking tools theft
  Author: Mateen Dalal

FireEye, one of the leading cybersecurity companies in the U.S, has reportedly announced that its system has been compromised and its proprietary hacking tools used to test its clients’ cyber defenses have been s...


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Kia issues recall for 295,000 vehicles due to risk of stalling or fire
  Author: Mateen Dalal

Kia Motors, the renowned South Korean multinational automobile manufacturer, has reportedly recalled 295,000 vehicles in the United States owing to risks arising from engine stalling or fires. The announcement comes me...


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UPS imposes temporary shipping limits on some of its large retailers
  Author: Mateen Dalal

UPS, the leading American multinational supply chain management and package delivery company, is reportedly imposing shipping restrictions on a number of its big retail customers owing to the increasing online shopping...


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Qantas to outsource over 2,000 ground staff roles to cut costs
  Author: Mateen Dalal

Owing to a financial hit due to the COVID-19 pandemic, Qantas has reportedly decided to outsource over 2,000 ground crew jobs across 10 airports. The decision has reportedly been taken to lower costs and will effective...


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Signify Health takes over PatientBlox; enhances value-based care model
  Author: Mateen Dalal

Signify Health, a prominent provider of technology-enabled healthcare solutions has recently announced the acquisition of PatientBlox, a technology firm with profound expertise in application of distribu...


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Drugs made to address prostate cancer might treat COVID-19 patients
  Author: Mateen Dalal

Two drugs currently under development for the treatment of aggressive prostate cancer would reportedly be tested to fight the deadliest response against COVID-19 infection, ARDS (acute respiratory distress syndrome)....


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Buoy Health secures $37.5M for its healthcare navigation platform
  Author: Mateen Dalal

Buoy Health Inc., the AI-based healthcare navigation platform, has reportedly raised USD 37.5 million in a Series C funding round led by Humana Inc. and Cigna Holding Co. The funding round also marked the presence of o...


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Sanofi Enters into an Agreement to Buy the Biotechnology Firm Kiadis
  Author: Mateen Dalal

Sanofi signed a contract with Kiadis, a clinical-stage biopharmaceutical establishment developing advanced ‘off the shelf’ natural killer (NK) cell-based drugs for the treating of severe diseases. According...


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AE Industrial Acquires PCI; Adds New Government Tech Investment
  Author: Mateen Dalal

AE Industrial Partners (AEI), a private equity firm specializing in Defense, Aerospace & Government Services, Specialty Industrial markets, and Power Generation announced the acquisition of PCI, a pioneer in provid...


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Calibre Scientific Announces Acquisition of Lorne Laboratories
  Author: Mateen Dalal

Calibre Scientific, a varied provider of life science reagents, instruments, tools, and other consumables, announced that it has acquired Lorne Laboratories Limited, a UK-based manufacturer and provider of blood transf...


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UK to Launch Clinical Trial of BCG Vaccine Against the Coronavirus
  Author: Mateen Dalal

Britain scientists have started a study to test if the Bacillus Calmette-Guerin (BCG) vaccine can help protect people against Covid-19, as part of a large-scale global trial. The BC...


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TaiGen Biotechnology files IND for influenza antiviral TG-1000
  Author: Mateen Dalal

TaiGen Biotechnology Co., Ltd., a Taiwan-based company that focuses on the development and commercialization of treatments for infectious diseases, cancers and diabetic complications, has announced that its influe...


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UnitedHealth Group acquires online pharmacy startup DivvyDose
  Author: Mateen Dalal

UnitedHealth Group, a US based for-profit managed health care firm, has reportedly acquired DivvyDose, an American start-up that helps patients suffering from chronic diseases get their prescription medicine delivered ...


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BioLife Solutions to take over bio materials storage provider SciSafe
  Author: Mateen Dalal

Leading bio-production tools supplier, BioLife Solutions Inc, has reportedly signed a definitive agreement for the acquisition of biological materials storage provider, SciSafe. SciSafe is known for delivering biologic...


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CATO SMS announces acquisition of Wilmington-based Array Biostatistics
  Author: Mateen Dalal

CATO SMS, one of the leading providers of specialized clinical research solutions, has reportedly acquired Array Biostatistics LLC, a full service statistical and biostatistical programming CRO, in a bid to expand its ...


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BIMA raises USD 30 million for life & health insurance amid COVID-19
  Author: Akshay Kedari

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, fo...


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JMD Properties acquires molecular diagnostics firm Stella Diagnostics
  Author: Mateen Dalal

JMD Properties, has reportedly announced the acquisition of Stella Diagnostics, LLC, a molecular diagnostics firm aimed at enhancing patient management strategies of more than 67 million people suffering from esophagea...


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HelixBind’s sepsis test gets breakthrough device designation from FDA
  Author: Mateen Dalal

HelixBind Inc., the U.S-based biotechnology company focused on the diagnosis and management of bloodstream infection, has reportedly received breakthrough device designation from the US FDA (Food and Drug Administratio...


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Change Healthcare Acquires Nucleus.io to Enhance Patient Care
  Author: Mateen Dalal

Change Healthcare, a leading autonomous healthcare technology company announced that it has acquired Nucleus.io, a leader in developing end-to-end cloud-native workflow and imaging technology. ...


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National Imaging Solutions inks an acquisition deal with Decker X-Ray
  Author: Mateen Dalal

National Imaging Solutions, a leading provider of radiology and medical imaging solutions, has recently announced that it has acquired Huston-based X-ray system company, Decker X-Ray. Reportedly, this acquisition showc...


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DAS Health completes acquisition of cybersecurity firm Technology Seed
  Author: Akshay Kedari

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, Technolo...


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Sapiens acquires Delphi technology, aims for expansion in MPL market
  Author: Akshay Kedari

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 p...


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GlaxoSmithKline acquires 10% stake in German biotech company CureVac
  Author: Akshay Kedari

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 sta...


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Kemin Industries secures US patent application for ASFv control method
  Author: Akshay Kedari

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 ...


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Future Farm officially acquires High Purity Natural Products LLC
  Author: Mateen Dalal

Vancouver-based Future Farm Technologies Inc., has reportedly announced that it has officially completed the 100 per cent acquisition of High Purity Natural Products, LLC. The merger represents a crucial step in the co...


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Brazil’s Central Bank bans Facebook’s WhatsApp payment feature
  Author: Akshay Kedari

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. T...


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Advocate Aurora Health in talks over partnership with Beaumont Health
  Author: Mateen Dalal

Advocate Aurora Health, one of the leading health systems in the U.S., has been in talks with Beaumont Health to explore the potential of a future partnership. Reportedly, both organizations inked a non-binding letter ...


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Siemens Healthineers joins forces with Geisinger to drive digital care
  Author: Mateen Dalal

The healthcare sector is ablaze with advanced technologies with medical care companies coming up with innovative services. The technological changes in healthcare have significantly brought comfort and positively impac...


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Change Healthcare acquires innovative technologies provider, PDX
  Author: Mateen Dalal

Change Healthcare has recently announced the acquisition of a leading patient-centric & innovative technologies provider for health systems and pharmacies, PDX. PDX offers a ful...


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CM.com acquires Dutch-based digital conversation platform CX Company
  Author: Mateen Dalal

CM.com, leading conversational commerce platform, has recently acquired CX Company which is a digital conversation platform specifically designed to engage customers via intelligent chatbots, conversational artificial ...


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Konica Minolta Precision Medicine buys assets of Backpack Health
  Author: Mateen Dalal

Konica Minolta Precision Medicine, Inc. (KMPM), a division of optical products company Konica Minolta, recently revealed that it has acquired all the assets of Backpack Health (BPH), an innovative web and mobile-based ...


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Hummingbird closes extended $25M Series B round led by SK Holdings
  Author: Akshay Kedari

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...


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TSG acquires online personal training software firm TrueCoach
  Author: Mateen Dalal

TSG, a leading provider of business management software, integrated payments, and value-added services, has announced the acquisition of TrueCoach, a U.S.-based software company powering businesses of over 15,000 train...


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Grassroots Cannabis expands center by 20,000 sq. ft to boost capacity
  Author: Akshay Kedari

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 f...


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Invoice processing platform Previse secures $11m in new funding
  Author: Mateen Dalal

Previse, a fintech that aims at enabling suppliers receive faster payments, has recently announced that it has secured about $11 million in a new round of funding that was led by Reefknot Investments as well as Masterc...


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One Drop-Sano enter assets and intellectual property acquisition deal
  Author: Mateen Dalal

One Drop, a leading digital health company, has recently announced the acquisition of the whole assets & intellectual property of Sano Intelligence Inc., a developer of wearable sensors. Several team members of San...


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RTI International acquires MDA to expand real-world evidence offering
  Author: Mateen Dalal

RTI International has recently closed the acquisition of MDA (Medical Data Analytics), an RWE (real-world evidence) generation provider to the pharmaceutical & biotechnology industry. ...


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Nestle Purina PetCare buys London-based pet food brand Lily’s Kitchen
  Author: Mateen Dalal

Nestle Purina PetCare has recently announced that it acquired Lily’s Kitchen, a natural pet food brand that is also a leading manufacturer of premium dry & wet natural food for both cats and dogs. The latter&...


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VitalTech – AT&T Business unite to advance Telehealth Services
  Author: Akshay Kedari

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 day...


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Air Co. plans hand sanitizer bottle donation to local restaurants
  Author: Mateen Dalal

Air Co., a technology and lifestyle company, has reportedly redirected 100% production capacity of its CO2-based vodka to the development of hand sanitizer. The recent shift in the development of a new product line has...


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Akumina and BlueModus join hands to improve end-user experience
  Author: Mateen Dalal

Akumina, the leading digital workplace software platform, powering personalized digital employee experiences, recently announced plans to partner with BlueModus, a full-service technology agency. ...


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Comcast confirms acquisition of free television streaming service Xumo
  Author: Mateen Dalal

The free-streaming video service comes installed on smart televisions and is ad-supported   Video service supported by ads has a large ...


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Xerox ups bid to $24/share to acquire HP, hostile takeover now likely
  Author: Mateen Dalal

The new deal amounts to $34 billion now.   HP had declined an unsolicited cash and stock offer of $22 per share. ...


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Lime e-scooters replace bikes as preferred transport mode in Calgary
  Author: Akshay Kedari

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 th...


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Google on-board with EU’s proposed temporary facial recognition ban
  Author: Akshay Kedari

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...


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Guangzhou Automobile investment in Nio will be capped at $150m
  Author: Akshay Kedari

Nio had indicated an urgent need to secure funds and early talks with Guangzhou Auto    There is still some cloud whether an agree...


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U.S. bill prevents intelligence sharing with nations using Huawei
  Author: Akshay Kedari

The lawmaker has introduced a bill to prohibit the region from sharing intelligence with the countries making use of the Huawei 5G networks.   ...


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Samsung reports short power outage at its chip factory in South Korea
  Author: Akshay Kedari

  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   ...


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Danish Energy Agency awards €6M to Everfuel for HySynergy project
  Author: Akshay Kedari

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 produ...


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Apple creates team to work on satellites that beam data to its devices
  Author: Akshay Kedari

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. ...


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Ford’s $1.45 Bn investment in two Detroit units to add 3,000 jobs
  Author: Mateen Dalal

The leading automaker, Ford Motor Co. recently announced plans to add 3,000 jobs at 2 factories in metropolitan area and also to invest USD $1.45 billion to build new SUVs, pickups, autonomous and electric vehicles. Wi...


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Mercedes Benz postpones the US launch of its first mass-market EV
  Author: Mateen Dalal

  Automotive giant has announced delaying the release of its first mass-market Electric vehicle, EQC in the states of US. The move is ...


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Worker union approves new four-year deal with Fiat Chrysler after talks
  Author: Akshay Kedari

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 negot...


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Huawei sues FCC to overturn a ban from government subsidy program
  Author: Mateen Dalal

Huawei and ZTE were first claimed to be potential national security threats by a U.S Congressional panel in 2012.  Huawei Technologies Co., Ltd., a Chinese mu...


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Disney stock soars as Disney+ reaches 10 million sign ups on day 1
  Author: Mateen Dalal

Reports confirm that Walt Disney Co shares climbed to a record high after the entertainment company revealed that its new streaming service, Disney+, had witnessed extraordinary consumer demand, touching 10 million sig...


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Facebook takes down billions of fake accounts & abusive posts
  Author: Akshay Kedari

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 wit...


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Amazon reveals plans for a new $40 million robotics hub in Westborough
  Author: Akshay Kedari

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. ...


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Major automobile firms support Trump on California emissions challenge
  Author: Akshay Kedari

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 pow...


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Govt. of India allocates $8 billion to revive BSNL and MTNL
  Author: Mateen Dalal

Since the arrival of 4G by private telco firms, BSNL has experienced a steep fall in its consumer base and has next to no presence in the telecom market. For couple of years, BSNL has operated in loss and is unable to remunerate its employees on t...


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Verizon offering 12-month free subscription of Disney+ to customers
  Author: Akshay Kedari

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....


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Harley-Davidson pulls the plug from its electric motorcycle production
  Author: Mateen Dalal

For years, American motorcycle manufacturer Harley Davidson has been ruling the biking industry. It was one of major motorcycle firms that survived the great depression of the 1930s. However, with the advent of electri...


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Walmart to demerge PhonePe, Flipkart to enter India’s e-payment space
  Author: Akshay Kedari

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 reputab...


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Amazon launches Echo and Alexa in Brazil with support for Portuguese
  Author: Akshay Kedari

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 fol...


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Nexstar gets FCC nod on $6.4 billion acquisition of Tribune Media
  Author: Mateen Dalal

Whether watching your favorite TV series or seeking the latest news updates, local television stations have long been an integral part of people’s lives across the globe. With growing subscribers, service provide...


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New York governor bans all flavored e-cigarettes in a vaping crackdown
  Author: Mateen Dalal

Gov. Cuomo announced the ban on flavored e-cigarettes to address the growing cases of vaping related health illnesses and deaths among youths. An e...


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Lupin and Boehringer Ingelheim join hands to develop anti-cancer drug
  Author: Mateen Dalal

The 2 major companies have inked a deal valued at USD 700 million for the development of the cancer drug.   Lupin to receive royalty on...


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American fitness startup Peloton files for an Initial Public Offering
  Author: Mateen Dalal

The startup has recorded annual revenue of $915 million and hopes to raise at least $500 million from its IPO. Peloton, a U.S.-based fitness startup that produces e...


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Trovagene reveals positive data from Phase 2 study of Onvansertib
  Author: Akshay Kedari

The company presented its preliminary data at the 20th Asia-Pacific Prostate Cancer Conference held in Melbourne, Australia. Trovagene, Inc., a Precision Cance...


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Amgen inks deal with Celgene for psoriasis drug Otezla at USD 13.4B
  Author: Akshay Kedari

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 B...


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Facebook launches a feature to clear website and app history
  Author: Akshay Kedari

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 int...


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Russian nuclear power station shuts off following safety system error
  Author: Akshay Kedari

Urals facility shuts down Byeloyarsk power unit at 9.15 local time after automated safety system’s false activation.   This incid...


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Texas joins other states in lawsuit to halt T-Mobile-Sprint deal
  Author: Akshay Kedari

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 ...


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Zuckerberg thrilled about WhatsApp Payments beta testing in India
  Author: Akshay Kedari

With 400 million users, India is the biggest market for WhatsApp. Facebook Inc. now awaits regulatory approval for a complete roll-out of WhatsApp ...


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Coca-Cola to officially bring its alcoholic beverage to Japan
  Author: Akshay Kedari

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&rsq...


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Microsoft to withdraw SQL Server and Window Server 2008 services
  Author: Akshay Kedari

Ingram Micro offers Cloud migration solutions for businesses impacted by Microsoft’s move. Microsoft Corporation, the technology company recently announced to...


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Huawei presses Verizon to pay $1 billion as patent licensing charges
  Author: Akshay Kedari

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 telecommu...


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Uber faces fresh competition as rival Bolt enters London market
  Author: Akshay Kedari

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 gai...


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Amazon’s Prime delivery air drone to go operational in a few months
  Author: Mateen Dalal

The e-commerce giant claims its drone’s safety features to be as robust and stable as a commercial aircraft. Global e-commerce giant, Amazon has recently unve...


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Coatue Management to lead $120 million funding in Rebel Foods
  Author: Mateen Dalal

Faasos involves delivery-only restaurants and brands which helps it to save on real estate costs. The capital markets company Coatue Management will reportedly lead...


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Tata Sky collaborates with Amazon to introduce OTT aggregator service
  Author: Mateen Dalal

Currently the company is looking at 66 cities across India and eventually the service will be available countrywide Reports confirm that Amazon and Tata Sky have recent...


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Qatar Petroleum on the verge of acquiring an interest in block A5A
  Author: Akshay Kedari

The acquisition is speculated to strengthen Qatar Petroleum’s international oil & gas portfolio. Qatar’s state owned petroleum company Qatar Petrole...


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US insists Germany drop Huaweis equipment from its 5G infrastructure
  Author: Mateen Dalal

Germany has been urged to bar equipment provided by Huawei and other Chinese manufacturers This would be the first time U.S. is threatening a count...


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Softbank launches $5B fund for Latin America’s technology landscape
  Author: Mateen Dalal

The fund will be used to pour in capital for the development of technology startups in Latin America.   The fund’s location for h...


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