About Author : Pranali Mehta

Pranali Mehta

Pranali Mehta boasts of over three years of experience as a content writer. Having completed her graduation in chemical engineering, she worked as safety & environment associate in a chemical company for a year. Harnessing her passion for writing however, Pranali decided to pursue content development as a full-time career and has written several diverse articles. Her other interests include reading, binge-watching movies & web series, gardening and home décor.



Contribution by Pranali Mehta

Octopus Renewables acquires 16.8MW capacity onshore wind farms in UK

Renewable energy sources have the potential to become a feasible solution to the long-standing environmental as well as energy challenges faced by numerous nations. Having understood their significant benefits over conventional power sources, energy ...

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Fujitsu invents world’s first AI tech to capture essential features

Fujitsu Laboratories has reportedly announced that it has developed the world’s first AI technology intended to accurately capture essential features such as the probability and distribution of high-dimensional data. The technology focuses on o...

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Unacademy officially purchases India-based PrepLadder for USD 50 mn

Unacademy, the online learning platform based out of India, has claimed that it has acquired PrepLadder for a valuation of USD 50 million. The transaction was an all cash and stock deal, and has seemingly been undertaken by the Facebook-backed edtech...

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SoftBank in talks with Mubadla & CPPIB to sell stake in SBG Cleantech

Japanese conglomerate SoftBank Group Corp is in discussions to sell all of its stake in SBG Cleantech. The company is holding separate talks with Mubadala Investment Company – the sovereign wealth fund belonging to the government of Abu Dhabi, ...

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Goldman Sachs secures $8Mn stake in Purplle’s angel investors

American investment bank and financial services firm, Goldman Sachs Group, Inc. has recently acquired a stake in online beauty and cosmetic retailer, Purplle’s two angel investors. For the uninitiated, in 2019, Goldman Sachs had led a...

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Oil India and Engineers India to acquire 48% stake in BPCL-owned NRL

A consortium led by Oil India Limited and Engineers India Limited has reportedly planned to proceed with the acquisition of 48 per cent shares in Numaligarh Refinery Limited, a subsidiary of BPCL. According to Harish Madhav, the Director of Finance ...

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Aspire to become the majority shareholder in RapidValue Solutions

Global IT services provider Aspire Systems has reportedly announced that it has bought a majority stake in RapidValue Solutions, a leading provider of digital product engineering solutions. This deal involves the purchase of Helion Ventures’ en...

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Carlyle Group signs acquisition worth $235 mn to buy 25% of Nxtra Data

The Carlyle Group is reportedly planning to purchase one-fourth of the stake in Nxtra Data, Airtel’s data center business. The deal valuation has been finalized at USD 235 million (close to INR 1,780 crore). With this acquisition, Nxtra’s...

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GetMyUni puts forth an acquisition offer for learning startup Avagmah

The India-based education technology company GetMyUni has declared that it has taken over online learning firm Avagmah from AEON Learning. Acquired in an all-cash deal, Avagmah had raised around USD 5 million from Zodius Capital, MEMG (Manipal Group)...

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Unilever acquires 82% stake in GSK Bangladesh’s food & drinks business

British-Dutch consumer goods company, Unilever, has reportedly announced its acquisition of more than 82 per cent stake in GlaxoSmithKline’s food and drinks division in Bangladesh. The company has reportedly acquired these shares from Setfirst ...

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Nevada to impose strict vehicle emission norms, encourage EV sales

The state of Nevada has decided to join California in enacting the latest Zero Emission Vehicle (ZEV) mandate and vehicle emissions standards, despite the Trump administration’s decision to loosen the grip on federal fuel efficiency standards. ...

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Invitae puts forth $1.4B worth acquisition deal for ArcherDX

Genetic testing company Invitae is reportedly on its way to purchasing personalized cancer test developer ArcherDX. The deal is speculated to have been finalized at USD 1.4 billion. As per sources familiar with the knowledge of the matter, ArcherDX,...

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Bain and Cyrus Capital emerge as final bidders for Virgin Australia

The ongoing coronavirus pandemic has not only impacted the present scenario of several sectors but also likely to influence their future. One of the major fields to have taken the hit of the pandemic is the global aviation industry. As the airlines s...

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Student-run Think tank launches helpline to aid lockdown-hit workers

As the ongoing COVID-19 pandemic has significantly impacted the employment landscape in India, several entities have come forward to help workers during such critical times. A similar incidence came into light when students of IIMs, IITs, and other r...

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Livinguard Technologies launches anti-COVID-19 facial mask in India

The on-going coronavirus pandemic has significantly disrupted the lives and economies across the world. The need of the hour is to safeguard people from viruses that may cause illness. This is essential not only for apparel like hospital gowns but al...

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Square Inc takes over Spanish peer-to-peer payments app Verse

Leading payment services company, Square Inc., has reportedly announced its acquisition of Spanish peer-to-peer payment service, Verse, known for its efficient payment facilities across Europe. Square has stated that Verse’s team will effective...

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Nissan unveils redesigned 2021 Rogue crossover amidst the pandemic

Automakers worldwide are revamping their existing operations to chart a course through a radically altered retail environment during the on-going COVID-19 crisis. As part of its worldwide turnaround plan, Nissan Motor Co., Ltd., the Japanese multinat...

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Tata Power’s subsidiary to develop 120-MW solar plant in Gujarat

Tata Power has recently announced that Tata Power Renewable Energy, its subsidiary, will develop a 120-MW solar project for the electrical service company, Gujarat Urja Vikas Nigam. Sources familiar with the matter have stated that the largest integ...

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Amazon Business launches MSME Accelerate to help small businesses

Amazon Business has recently launched ‘MSME Accelerate’ initiative, which is likely to go live starting 20th June 2020. Following the launch, Amazon’s website would feature the MSME Accelerate program that would offer a wide range o...

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Global Clean Energy Holdings selects Haldor Topsoe’s HydroFlex™ for revamp of refinery for renewable fuel production

Global Clean Energy’s retooled facility will produce 15,000 barrels per day of renewable diesel from proprietary camelina oil and other traditional biofuel feedstocks. Topsoe will deliver basic engineering, license, proprietary equipment and...

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Uber to implement new safety features to revive its U.K. license

Uber had received only a 2-month operating license in September for London   The company touts close to 45,000 licensed drivers in the city Ride-hailing leader Uber has reportedly launched new safety features for its U.K. business, as it s...

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BFM partners with Triton Digital to enhance streaming audio content

With the penetration of the internet, the demand for podcast have surged significantly across the globe. This growing trend has encouraged companies to partner with potential podcast service providers to enhance their business reach.  Triton Di...

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Balderton launches $400 million fund for European tech startups

Tech sector in Europe is seen as lagging behind when compared to its Chinese and U.S. counterparts   Interest from American investors in private tech sector of Europe encouraged Balderton to launch a new fund Balderton, a venture capital f...

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WeChat Pay & Alipay allow overseas users to use international cards

On the foundation of the popular digital payment services, China is moving towards a cashless economy. In a bid to offer ease to international users, Chinese mobile payment giants WeChat Pay and Alipay have recently started allowing foreigners to lin...

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nLIGHT adds new CFX-12000 & CFX-5000 fiber lasers to its Corona family

With rising sales of electric vehicles, and the higher adoption of new technologies by the aerospace and automotive sectors, implementation of fiber lasers is witnessing significant growth recently. Global fiber laser manufacturers are increasingly w...

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ExxonMobil and Albemarle together create a new Galexia™ platform

ExxonMobil Corporation, a renowned US-based oil and gas company, and Albemarle, a renowned US-based chemical manufacturing firm, reportedly unveiled their new Galexia™ platform. This new platform is designed for the refining industry and is a t...

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Facebook sues NSO Group over claims that the firm helped hack WhatsApp

There has been an exponential growth in the number of cyberattacks targeting smartphones to exploit data. In fact, some reports claim, there will be a 50% growth in cyberattacks this year in comparison with last year. Several global software firms ar...

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Total announces $400 Million investment in its global venture fund

Global warming and worsening air quality is virtually impacting almost every living being on earth. To tackle this issues, various companies have devised huge plans to cut their carbon footprints and have adopted renewable energy alternatives to driv...

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Milacron partners with ei³ to leverage AI to its ‘M-Powered’ platform

Advanced technologies such as AI, robotics, and analytics have significantly altered the way business carry their operations. Numerous organizations in the world are leveraging the benefits of AI to develop cutting edge solutions for Industry 4.0. M...

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AT&T TV Now to increase online streaming service price by 30%

In March, AT&T had raised prices on its online-TV platform service, DirectTV Now (now known as AT&T TV Now). However, recently the firm announced yet another price hike on its service for customers using its offerings as well as for new subsc...

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BOEM permits Dominion Energy to erect wind turbines in Virginia

Depleting conventional energy has ignited the need to utilize renewable energy sources. Countries worldwide have started to turn their focus towards developing and adopting renewable energy alternatives such as wind and solar energy. Also, as per the...

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ATL takes over REC’s transmission project arm WRSS XXI (A) Transco Ltd

India’s power transmission sector has experienced extraordinary growth over the past decade, with line length and transformer capacity recording an average growth of 6.5% and 9.6%, respectively. In addition, both financial and operating perform...

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Uber axes 350 jobs across its Eats, self-driving and other divisions

Various global firms periodically restructure their organization in an effort to prepare the company for success in its coming future and laying off employees that are deemed non-essential is one of the most prominent exercises companies use to refin...

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Turbine installation completed at Taiwan’s Formosa 1 offshore wind farm

Renewable energy sources have evolved as one of the best alternative sources of energy and have gained importance and recognition on a global scale. As Taiwan imports over 97% of its energy supply from foreign countries, developing an indep...

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Jerry’s Marine Service acquired by Lewis Marine Supply in Florida

The global marine port and service market is expected to witness a substantial growth in the coming years. Owing to this growth, marine service sector is experiencing a general uptick in acquisitions and collaborations lately.   One such i...

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Ameren Missouri brings neighborhood solar generation plan to Missouri

Demand for renewable energy, and by extension, various initiatives for development of solar power programs have experienced a substantial growth in recent times due to increasing environmental concerns and advancements in clean energy technologies. V...

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Tata Power JV gets APTEL approval to buy of Prayagraj Power Project

Renascent Power Ventures to acquire 75% stake in Prayagraj Power Project following APTEL approval TATA Power has recently announced that the Appellate Tribunal for Electricity (APTEL) has approved the acquisition of 75% stake in the 1,980 MW Prayag...

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Saudi Arabia plans a long-term investment worth $100 billion in India

India has a diversified set of partnership in the middle east region, maintaining a healthy relationship with Gulf Cooperation Council countries. Saudi Arabia has been playing a vital role in reforming India’s economy and is a fourth-largest tr...

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UK’s competition watchdog fines PayPal over the acquisition of iZettle

In the United Kingdom, CMA (Competition and Markets Authority) is a unit of the non-ministerial government department (NMGD) that is responsible for strengthening business competition and reducing and preventing anti-competitive activities. The agen...

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Uber obtains a two month extension to its license to operate London

Ride sharing and ride hailing businesses are presently making significant progress across the world due to its convenience and cost effective nature. However, safety and background of drivers turns out to be a major point of concern for passengers ad...

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Solvay to expand thermoplastic composites capacity at its U.S. plant

Thermoplastic composites (TMCs) made from structural polymer composites have various uses in automotive, aerospace and construction industry. With rising demand in the transportation sector, several companies are now expanding their production capaci...

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Automattic raises $300 million funding from Salesforce Ventures

No matter what kind of business it is, having a website helps in reaching more clients. Today, WordPress is one of the leading content management systems in the world and reportedly around 34% of websites on the internet are based on it. Automattic,...

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Mouser Electronics and Transphorm sign new global distribution deal

Compound semiconductors have become the focus of development in the past few years as semiconductor engineers have worked hard to obtain the next better device. Among these, GaN has gained prominence as it can be well suited for high voltage conversi...

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Volkswagen settles multi-million-dollar Australian dieselgate scandal

After numerous years of dodging exposure to major scandals, the automobile industry was pushed into the storm of judgment when Volkswagen was found to have been dishonest about their car emission testing. The German car giant was exporting diesel car...

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La Trobe University and Cisco join forces for IoT innovation

The agreement will establish a Cisco Co-innovation Centre and a new position of a Cisco Chair of IoT   The agreement will also give access to Cisco’s Digital Schools Network for all educators and students Cisco Systems, Inc...

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McDonald’s acquires AI firm Apprente to change drive-thru experience

This is McDonald’s second acquisition this year, earlier this year it acquired Dynamic Yield, an online personalization startup for over $300 million. This acquisition would reduce wait times and could enable restaurants to function with sma...

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DXC Technology to hire 10,000 people in India with digital tech skills

DXC Technology has joined other international firms to expand its offshore base in India as the company struggles to hire talent across developed markets like United States.   The inability to hire employees rapidly, costed $100 million to ...

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Convergint Technologies announces acquisition of security firm LSSI

Global system integrator takes over security solutions industry-leader Life Safety Solutions Provider   Founded in 1978, LSSI has an industry experience spanning over 4 decades, and has built and maintained long-lasting customer relationship...

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Total LNG project approved by Papua New Guinea despite reservations

This project is predicted to double the gas exports of country and eventually turn the nation into an important energy player.   Total will make a “National Content plan” to further set out local advances, develop access points o...

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State of Utah awards new enterprise contract to NICs Utah Interactive

With this contract, Utah Interactive would focus on providing consistent digital federal services. The state of Utah has recently awarded Utah Interactive LLC, a subsidiary of government digital service provider NIC Inc., with a new enterprise contr...

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Harvest Alaska to buy 49% stake in Alyeska Service Company and TAPS

Harvest Alaska, a privately held midstream service provider, recently announced that it will buy the entire ownership of BP Transportation Alaska under midstream interests in Alaska, which also includes an interest of 49% in Trans-Alaska Pipeline Sys...

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Mitsubishi Electric to organize formal trial for its Dynamic Sign tech

The company aims at international standardization of public symbols from this trial, which would be conducted at Chofu City, Tokyo.   The rollout of dynamic sign would make it more convenient and easier for visitors to find their path across...

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DoorDash acquires Scotty Labs to foray into automated food delivery

Procurement of Scotty Labs delivers DoorDash access to Scotty’s remote controlled and autonomous vehicle tech.   Scotty Labs is the second procurement by DoorDash for the month, following its acquisition of Caviar. DoorDash Inc., a S...

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U.S. Department of Commerce offers 90 days trade extension to Huawei

The extension would enable Huawei to maintain existing telecommunications networks and provide software updates to its handsets. U.S. Commerce Secretary Wilbur Ross has recently announced that the government has decided to extend a re...

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IL&FS files for approval to sell wind energy arm to ORIX Corporation

ORIX Corporation owns 49% stake in each of IL&FS’s seven power plants   Proposal has now been filed with NCLT after the completion of Share Purchase Agreement In a bid to sell its wind power business, Mumbai headquartered leasing...

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Occidental Petroleum acquires Anadarko in USD 38 billion cash deal

Following the buyout, Anadarko’s shareholders will be getting USD 72.34 per share Occidental also sold USD 13 billion in bonds as part of financing the acquisition Texas based petroleum company, Anadarko Petroleum has reportedly announced...

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Occidental Petroleum acquires Anadarko in USD 38 billion cash deal

Following the buyout, Anadarko’s shareholders will be getting USD 72.34 per share Occidental also sold USD 13 billion in bonds as part of financing the acquisition Texas based petroleum company, Anadarko Petroleum has reportedly announced...

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New Relic assists Komatsu improve its digital customer experience

Komatsu commits to rollout New Relic at all its Smart Construction sites. The construction equipment company raises its consumer response request time by about 30 times. New Relic, a leading cloud-based instrumentation platform made to support c...

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Renault & Nissan to consider restructuring for Fiat Chrysler merger

The car makers are reportedly planning to reframe their partnership to build up new negotiations with Fiat Chrysler. French car-maker Renault SA and the Japanese constructor Nissan Motor Company are reportedly considering implementing changes to the...

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Duke Energy files for annual increase in fuel charge in South Carolina

The PSCSC will adjust the fuel component after reviewing the cost of the fuel rates   New rates would go into effect from 1 October this year if the proposal is approved Duke Energy Carolinas, a provider of gas and electric services, recen...

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Cuba to expand internet connectivity while maintaining strict control

Cubans will not have to travel to centralized public sites for connection anymore   Mobile phones in Cuba have access to 3G connectivity since December Cuba has extended internet access to citizens countrywide while trying to control and d...

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CNOOC and ADNOC ink new agreement on oil refining and LNG trade

China National Offshore Oil Co (CNOOC) and Abu Dhabi National Oil Co (ADNOC) have recently signed a memorandum of understanding (MOU) for liquefied natural gas (LNG) trade, oil refining as well as upstream exploration & development activities.&nb...

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Bayer confirms move to add 500 jobs at its Creve Coeur facility

Bayer AG, the Germany-based multinational pharmaceutical and life sciences company, plans to bring 500 hundred jobs to Creve Coeur campus and has invested US$164 million for the facility’s improvement. Missouri’s Governor Mike Parson sai...

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SSG opens new office in Hong Kong to expand operations in Asia-Pacific

Selling Simplified Group Inc., a privately-held provider of marketing solutions and B2B data, recently announced that it has expanded its presence in the Asia pacific (APAC) region following the opening of its new office in Hong Kong. The new office ...

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AppLovin buys SafeDK to enhance GDPR compliance and app security

AppLovin, a mobile marketing and gaming platform that offers tools for game development around  monetization, user acquisition, analytics and publishing, recently announced that it has acquired SafeDK, a software development kit (SDK) platform. ...

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Cactus Outdoor acquires Albion to drive apparel production in NZ

Cactus Outdoor, New Zealand-based outdoor clothing brand recently announced acquisition of garment manufacturer, Albion Clothing. Cactus did not reveal details regarding the financial transaction. However the company confirmed that both the firms wil...

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Hyundai smart EVs to reach Indian showrooms in two to three years

Hyundai headquarters recently approved the Smart EV project that aims to introduce smart electric vehicles to the Indian market. Products developed under the initiative are expected to hit showrooms in two to three years. Hyundai Motor Co, (Hyun...

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Solar major Lightsource BP acquires renewable projects in Brazil

Lightsource BP, the renowned solar energy market player, has reportedly acquired a large number of projects in Brazil. The move is said to be against Lightsource’s aim to expand its current global capacity. As per sources familiar with the kno...

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Dott to launch e-bike hiring solutions with newly raised funds

In a fundraising round led by present investors like Naspers and EQT, a Europe-based startup firm Dott has secured 30 million euros for launching electric bike rental business and to introduce a brand new range of electric scooters. Europe’s V...

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Blackstone on the verge of building world-class solid-state battery

Swiss holding company Blackstone Resources AG, has reportedly joined hands with some of its strategic partners across Poland, Germany, Austria, and Belgium. The aim of the partnership is for the company to build and finance its own research team in c...

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