About Author : Saipriya Iyer

Saipriya Iyer

Saipriya Iyer currently works as a content developer for GroundAlerts. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had previous experience of 3 years under her belt, she has dabbled with website content writing, content auditing, tech writing, promotional writing, business writing, editing, research, copywriting, copyediting, and content visualization. Her hobbies include reading, music, and cooking.



Contribution by Saipriya Iyer

Atipa Technologies introduces Procyon G-Series for enhanced research

Atipa Technologies, a prominent provider of storage and computing solutions, has reportedly introduced a deep learning and high-performance platform named Atipa Procyon G-Series. The platform is powered by latest NVIDIA A100 Tensor Core GP...

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Congenica Ltd. secures USD 50 million in a Series C funding round

U.K.-based digital health company Congenica Ltd. has reportedly announced that it has secured USD 50 million (£39 million) in a series C funding round. The new funds will provide strategic as well as geographic opportunities which will help the...

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Vestas secures another 50 MW wind farm order from Vietnam-based GEC

Vestas, a leading Danish wind turbine manufacturer, has reportedly secured another 50 MW wind energy farm contract in Vietnam with la Bang Wind Power Joint Stock Company, a local energy firm and a subsidiary of GEC (Gia Lai Electricity Joint Stock Co...

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Sequitur Labs officially joins the NVIDIA Partner Network

Sequitur Labs, a seminal technologies and solutions developer, has reportedly announced that it joined the NVIDIA Partner Network, an innovative platform of the renowned visual computing solutions provider, with complete support for the NVIDIA Jetson...

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American Equity & Brookfield Asset Management ink new partnership deal

American Equity Investment Life Holding Company, a renowned and leading US based life insurance firm, has reportedly announced a new strategic collaboration with a top Canadian alternative asset management firm, Brookfield Asset Management. The compa...

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Arrival to set up its first U.S. EV factory in South Carolina

Arrival, a London based electric vehicle (EV) manufacturer, has reportedly announced that it would be building its first U.S-based micro factory in York County of South Carolina. The company plans to initiate production operations at the facility dur...

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China conducts a clandestine launch of HJ-2A & HJ-2B satellites

The Government of China has reportedly made new addition to the country’s earth observation capabilities through a new clandestine launch of HJ-2A & HJ-2B, its two new satellites, into the orbit from the Taiyuan Satellite Launch Center. Th...

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Point Predictive announces completion of Series B investment round

Point Predictive Inc., a US-based AI technology firm providing machine learning solutions, has reportedly announced the completion of its Series B investment round. This funding round was led by Napier Park Financial Partners while Mosaik Partners, a...

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Chubb launches new Chubb Studio platform for its partners and clients

Chubb, a renowned leading insurance provider, has reportedly announced the launch of Chubb Studio, a new platform that would streamline and simplify the circulation of its insurance products from its partners’ digital channels spread across the...

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Omega Geracao acquires 50% wind portfolio of EDF Renewables in Brazil

Omega Geracao, a renowned Brazil-based power company, has reportedly announced that it has signed a definitive agreement to procure a 50% stake in French renewables company EDF Renewables’ wind farms located in Bahia, Brazil. The wind turbines...

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Zoom soon to arrive on Facebook, Amazon, and Google smart displays

Zoom, a California-based video communications technology company, has reportedly announced that the app would soon be available on Amazon, Google smart display, and Facebook. The company further stated that it would make their initial entrance onto F...

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ServiceNow and Uber team up to provide workers safer commute to work

ServiceNow, a renowned California-based software company, has reportedly announced that it has teamed up with the employee travel management arm of ride-hailing firm, Uber; Uber for Business, to provide employees with a safer means of transport to wo...

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GE and Uniper team up to decarbonize gas-fired Uniper power plants

Uniper, a renowned Germany-based global energy company, and General Electric (GE), the renowned US based conglomerate, have reportedly announced a new long-term partnership deal to decarbonize Uniper’s natural gas storage facilities and gas-fir...

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Unirac announces acquisition of solar racking firm Ecolibrium Solar

North American solar mounting systems provider, Unirac has recently announced that it has completed the acquisition of Ohio-based solar racking company, Ecolibrium Solar. According to reports, this purchase would broaden Unirac’s product offeri...

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Atos takes quantum simulator to the next level with Atos QLM E

Atos, one of the leading companies in digital transformation, has reportedly expanded its quantum solutions portfolio by offering Atos QLM E (Atos QLM Enhanced), the world’s best performing commercially available quantum simulator, with a new r...

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Services Australia procures 35,000 monitors & laptops over two months

Canberra based government department, Services Australia, has been reported to purchase around 20,000 laptops and more than 15,000 monitors over the period of last two months. The purchases have been made owing to the shift in working environment fro...

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Twitter introduces Stories-like “Fleets” feature for Indian users

American microblogging and social networking platform, Twitter, has reportedly announced the launch of its much-anticipated “Fleets” feature for its users in India. Using this feature, people will be able to share photos, tweets, and vide...

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Infibeam Avenues buys Cardpay Technologies to enhance credit portfolio

Infibeam Avenues, a leading global financial technology solutions provider recently acquired 100% stake in a Bangalore-based firm, Cardpay Technologies Ltd. to strengthen its payments credit services business. For the record, the deal, under the bra...

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Redtail Overland launches new solar-powered, carbon-fiber rooftop tents

  Available in two models, the Redtail 90 can accommodate two adults while the Redtail 110 can shelter two adults and children The tents are currently available for pre-orders Redtail Overland, a company renowned for developing custom-bas...

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Renewable Energy likely to have market majority in the US by 2030

Renewable Energy Associations AWEA, SEIA, NHA and ESA have decided to collaborate to bring clean energy to the forefront of U.S. power generation by 2030.   Leaders of all associations came together during the CLEANPOWER conference to discus...

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Myriad US renewable energy groups declare joint vision for 2030

The U.S. wind, solar, hydropower and energy storage industries have reportedly announced their joint commitment towards reaching majority clean and renewable electricity generation within a decade. The collaboration has been observed by the American ...

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Vicon unveils thermal camera, V1100B-THM-TEMP, to curb virus spread

Vicon, a multi-industry technology company owned by Cemtrex Inc., has recently unveiled the V1100B-THM-TEMP, its latest camera for thermal body temperature measurement. This newly launched camera will support several organizations in reopening their ...

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Avaya powered Moro Connect launched to offer cloud-based UCaaS in UAE

Moro Hub, which is essentially a Data Hub Integrated Solutions fully owned by the Dubai Electricity and Water Authority (DEWA), has introduced Moro Connect. It is a disruptive offering that offers Contact Center-as-a-Service, or CCaaS and Unified Com...

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Saint-Gobain sells €1.54B stake in Sika & ends takeover battles

Saint-Gobain, the French multinational corporation, has recently sold its stake in Sika, the construction chemicals maker in Switzerland, which amounts to €1.54 billion ($1.69 billion). This leads to an end of one of the most bitter takeover bat...

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Vestaspace to launch a constellation of 35 satellites for 5G network

Vestaspace Technology, an Indian manufacturer of nano cube as well as small satellites and a space service provider, has reportedly announced that it plans to launch constellation of over 35 satellites to develop 5G speed network connections as well ...

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Comtech finalizes $9.1 million contract for its 5G Xypoint vMLC

Comtech Telecommunications Corp., leading firm in providing safe and extremely reliable locations, navigation, communication technologies and public safety recently announced that the Location Technologies Group which is a division of Commercial Solu...

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Vox Royalty begins trading on TSX-V exchange under ‘VOX’ ticker symbol

Vox Royalty Corp, the mining-focused streaming and royalty firm fixated on continuing to develop a portfolio of streams and royalties across a diverse commodity base, has reportedly begun trading on the TSX Venture Exchange under “VOX” ti...

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JA Solar to conduct online VR exhibition to show its latest products

JA Solar, a renowned manufacturer of various high-performance photovoltaic products, is set to conduct an online exhibition on May 25 at around 10 a.m. Beijing time in order to show its most recent and latest products boasting high-efficiency. Appar...

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Open Systems inks an acquisition deal with Born in the Cloud

Open Systems, a secure access service edge (SASE) solution company based out in Switzerland, has recently announced that it has purchased Born in the Cloud, a Microsoft Gold-Certified partner company that provides threat prevention, detection, and re...

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PG&E announces plans to expand battery energy storage capacity

Pacific Gas and Electric Company, the American combined natural gas and electric service company, has reportedly filed an application to CPUC (California Public Utilities Commission) for getting approval on five energy storage projects. Sources cite...

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Siemens Gamesa introduces 14 MW offshore wind turbine with 222m rotor

Non-exhaustible energy sources have evolved as one of the best alternative energy sources and have gained recognition and importance on a global scale. Having understood their exceptional advantages over traditional power sources, companies worldwide...

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Quinbrook launches Primergy Solar to focus on battery storage projects

Non-exhausting energy sources have the potential to become a viable solution to the long-standing energy and environmental challenges faced by several countries. Energy companies across the globe have been investing in green sources for a sustainable...

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Space Force launched robotics X-37B space plane to remain at the helm

A clandestine X-37B space plan is reported to have been launched on The U.S. Space Force’s 6th mystery mission from Florida. The clandestine craft, riding atop Atals V rocket, a United Launch Alliance, is said to have blasted off at Cape Canav...

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Cybersecurity firm Expel secures $50Mn in Series D funding round

Expel, Inc., a leading provider of Security Operations Center (SOC)-as-a-services, recently revealed that it has managed to raise almost $50 million from its latest Series D funding round, which was led by Alphabet’s independent growth fund, Ca...

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Atlassian acquires Halp to streamline lightweight processes

Atlassian has reportedly acquired Halp as they strive to offer a level of integration between the JIRA service desk platform of Altassian and Halp to manage complex requests. The highly anticipated acquisition is said to help Atlassian to streamline ...

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Vestas registers record onshore wind turbine installations globally

Vestas has reportedly become the top wind turbines manufacturer by installing over 10 GW of wind power capacity in a span of a year. Its network-connected capacity of about 11.3 GW in the year 2019 is an increase of around 1.5 GW from 2018 wherein t...

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KarbonKleen becomes the preferred service provider for dynaCERT

DynaCERT Inc., a Canadian firm that focuses on developing carbon emissions reduction technology, has recently made KarbonKleen Inc. its preferred service provider. With this title, KarbonKleen gains the exclusive dealership rights in the U.S. truckin...

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ESB & Harmony Solar to invest €30 million in solar power projects

Electricity Supply Board, an Irish state-owned electricity firm, has reportedly announced that it is teaming up with Harmony Solar, an Ireland based renewable energy company, to invest €30 million towards the development of power plants, which w...

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Alchemy Renewable Energy finalizes a 44-MW solar portfolio in Indiana

Alchemy Renewable Energy (ARE), a portfolio firm of Monarch Private Capital that operates and owns renewable energy plants, has recently finalized a 44.51-MW (DC) solar, clean energy portfolio in Indiana with TEV (Telamon Enterprise Ventures), its jo...

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ARENA to invest A$490,629 in Powerlink grid integrity project

ARENA (Australian Renewable Energy Agency), an independent government agency managing Australia’s renewable energy projects, has reportedly announced its plan to invest A$490,629 in Powerlink Queensland, an Australian electricity transmission s...

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Vestas encounters €80M net loss due to supply chain challenges

Vestas Wind Systems, a Danish manufacturer and seller of wind turbines, has recently encountered a net loss of €80 million in the 1st quarter, despite solid sales & order bookings. The company explained the setback to be the result of the ad...

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Financial supermarket GoBear acquires digital lender AsiaKredit

GoBear, a Singapore based financial supermarket, has recently announced that it has acquired AsiaKredit, an end-to-end digital consumer lender. The acquisition is known to be a part of the strategy of GoBear for expanding the business as well as its ...

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Coronavirus lockdown to take a toll on U.S clean energy sector

The U.S. renewable energy industry is one of the major impacted sectors amidst the ongoing coronavirus pandemic. Several construction projects are put on hold and thousands of skilled laborers are forced to face the wrath of layoffs and job cuts. Thi...

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Euronet acquires Dolphin to expand ATM outsourcing market in U.S.

Euronet Worldwide, an electronic payment services provider, has recently completed the acquisition of a U.S.-based ATM outsourcing company, Dolphin Debit. Dolphin delivers comprehensive services of over 1,900 ATMs for the company’s 300 credit u...

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Australia to begin human trials for COVID-19 vaccine made by China

Linear Clinical Research, a research and clinical facility in Perth, Australia, has confirmed a human trial of a coronavirus vaccine that has been developed by China. Sources familiar with the matter said that research and clinical facility has alrea...

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Saudi Wealth Fund acquires 5.7% stake in Live Nation for USD 500 mn

As concerts and live events have been put on a halt across the world, Live Nation, one of the leading event promoters, has been hit hard due to ongoing coronavirus pandemic. The government of Saudi Arabia’s Sovereign wealth fund has taken advan...

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CIB announces acquisition of 51% stake in Kenya-based Bank Mayfair

The Commercial International Bank (CIB), an Egyptian private-sector bank, has reportedly acquired 51% stake in Kenya’s Bank Mayfair for USD 35.35mn after getting all required regulatory authority approvals from central banks in Kenya and Egypt....

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Total bags about 131 MW of solar power projects in France

French multinational integrated oil & gas firm, Total SA has recently announced that it has bagged multiple solar power generation projects from a government tender in France, which aggregates to a total capacity of 131 megawatts. Reportedly, th...

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360VUZ secures $5.8M in Series A round from venture capitalists

360VUZ, an immersive virtual mobile app company, has recently secured $5.8 million from venture capitalists in a Series A investment round. These venture capitalists include 500Startups, Hala Ventures, Vision Ventures, Media Visions, KBW Ventures, Sh...

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NBCUniversal acquires Vudu, with Fox entering purchase deal with Tubi

The Fandango division of NBCUniversal has recently completed the acquisition of Vudu from Walmart. Additionally, Fox Corp. also has completed the purchase of Tubi for the sum of $440 million. The Vudu acquisition deal comes along the heels of NBCUni...

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China Development Bank cancels deal to buy 29 Boeing 737 MAX airplanes

China Development Bank (CDB) Financing Leasing Co recently confirmed that it has reached an agreement with Boeing for scraping the purchase of 29 of the globally grounded 737 MAX jets, that were yet undelivered. Apparently, the model had been ground...

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Michelin & Enviro tie up to deploy technology for recycling used tires

Michelin, a French multinational tire manufacturer, has reportedly inked a deal with Swedish start-up Enviro to deploy pyrolysis technology on a larger scale for recycling used tires at the end of their life. Sources cite that the company intends to...

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POWERHOME-Generac unite to offer complete energy package to customers

POWERHOME, a solar energy company, has recently announced its partnership with Generac Power Systems. Generac is a manufacturer of backup power generators for commercial and residential markets. The solar energy company currently delivers complete e...

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GE signs contract to offer turbines & service to wind farm in Vietnam

GE has reportedly inked a contract with Phuong Mai Wind Power, which is a Special Purpose Vehicle organization with the investors being Hanoi Construction - Industrial Investment JSC and Truong Thanh Development and Construction Investment JSC. The d...

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Recurrent Energy to build 1,000-acre Sunflower County solar plant

Recurrent Energy, LLC, a leading developer of utility-scale solar & energy storage project developer, is reportedly building a solar farm project in the Mississippi Delta. The project has been carried out by the company on behalf of Entergy Missi...

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Shell exits Russian Arctic oil venture deal formed with Gazprom Neft

Royal Dutch Shell, commonly known as Shell, has recently decided to withdraw from the deal on Meretoyakha Neftegaz, a Russian Arctic oil joint venture, due to some external factors. The deal was previously expected to be formed with Gazprom Neft. Gaz...

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Tivity Health releases a new ESG Policy to meet environmental goals

Tivity Health recently announced the introduction of its new Environmental, Social and Governance (ESG) Policy. This Policy elaborates on the priorities of Tivity Health for organizational culture, initiatives and principles to be able to meet the so...

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Egypt plans solar PV and wind power projects of 6.34 GW capacity

The New and Renewable Energy Authority (NREA), Egypt, has recently announced that it has been studying requests to construct power plants to a capacity of 6.34 GW, 2.75 GW of which are projects taken up by the private sector. Apparently, Mohamed Al-...

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Comtech receives a new $1.1 million order for SATCOM antenna

Comtech Telecommunications, a renowned US-based advanced communications devices manufacturing and marketing firm, reportedly announced that its subsidiary Mission-Critical Technologies group, a part of the company’s Government Solutions segment...

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Ola offers emergency service for non COVID-19 medical trips in Bengaluru

Prominent Indian ride-sharing company Ola recently introduced ‘Ola Emergency’, that allows users to book non- COVID-19 medical trips to more than 200 hospitals across Bangalore. Reportedly, the service has been launched in collaboration ...

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Construction begins on 25 megawatt solar project in Southeast Georgia

Infrastructure and Energy Alternatives Inc., a renowned infrastructure construction firm that has specialized heavy civil and energy expertise, has recently announced that it has started the construction of a 25 megawatt Appling Solar Farm, close to ...

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Vestas obtains 139MW turbine supply order from MHI Vestas Offshore Wind

Turbine manufacturer Vestas has recently secured a supply order for 33 turbines from MHI Vestas Offshore Wind. Vestas will provide 139 MW of V117-4.2MW typhoon turbines to the first offshore project of utility-scale in Japan, located in the region&rs...

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Uber suspends Chicago hub construction as coronavirus crisis expands

Ride-hailing giant Uber has temporarily put the construction of its massive office space in Chicago’s Old Post Office on hold. This marks the city’s first big construction project to be halted due to the coronavirus pandemic. Employees w...

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Return of Boeing 737 Max to be delayed with COVID-19 related lockdown

The global spread of coronavirus has prevented regulators from being in the same room. A small number of Boeing staff has continued with the testing of the latest software changes on Max when the production of Boeing’s facilities have been temp...

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Indian automakers, medical device firms to develop ventilators

With COVID-19 pandemic causing a shortage of medical equipment in India, several automakers have proactively come forward to tackle this issue. Auto giants including Tata Motors, Maruti, and Mahindra & Mahindra have reportedly joined forces with ...

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Proton to lend support to Malaysia’s Health Ministry to fight COVID-19

Amid the growing crisis caused by the coronavirus pandemic, a plethora of companies from almost every industrial sector are coming forward to make a contribution towards the global fight against COVID-19. Among those, the automotive sector is one of ...

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GRAIL unveils validation data of its early-detection multi-cancer test

GRAIL, a renowned biotechnology company which focuses on diagnosing cancer in its early stages, when it can be cured easily, reportedly announced validation data regarding its early-detection multi-cancer blood test was published in the Annals of Onc...

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Disaster Management Group unveils COVID-19 testing tool in Florida

Disaster Management Group, a disaster recovery company based in South Florida, recently announced a screening tool for COVID-19 called the DMG test, which is capable of giving out results in 15 minutes. The test will be the first such tool to be used...

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EstrellaTV offers free access to all DIRECTV and U-verse TV users

While numerous businesses are struggling to make ends meet during the COVID-19 crisis, some businesses like Estrella Media are taking striding steps to ease the life of those living in self-quarantine or isolation. The U.S.-based media company that ...

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Medica donates US$1M to meet health needs during COVID-19 pandemic

Minnesota based non-profit charitable grant-making foundation, Medica has reportedly announced that the it will donate US$1 million towards emergency funds across 18 Minnesota based NPOs that play a vital role in meeting the health demands of vulnera...

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ThoughtSpot, Google Cloud to extend partnership on AI-driven analytics

The leader in search and AI-driven analytics, ThoughtSpot, recently announced the extending of its partnership with Google Cloud in a bid to empower organizations with cloud analytics solutions. A key part of this expanded relationship includes laun...

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Tencent introduces new app to track student’s health status

As the coronavirus outbreak indicated signs of easing in mainland China, Tencent Holdings Ltd., a Chinese multinational tech giant, has reportedly introduced a new health tracking app, Fuxuema, aimed at students who are now planning to return to scho...

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Taxi booking option to be suspended by Uber in Saudi Arabia

Uber Technologies, the renowned American ride hailing company, has reportedly suspended the option of booking regular taxi services in Saudi Arabia. Due to the outbreak of coronavirus the region is in virtual lockdown and has further suspended accre...

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Q-nomy-Veridos unite & deliver joint solution for next-gen ePassports

Q-nomy Inc. has recently announced its partnership with Veridos, a Berlin-based leading provider of integrated solutions, to deliver services for governmental identity needs worldwide. These companies also have announced a successful deployment of a ...

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Dollar Tree & Family Dollar to change store hours for customers

Dollar Tree, Inc., a leading chain of discount variety stores, has reportedly altered its Dollar Tree as well as Family Dollar store hours. All Dollar Tree and Family Dollar stores would be now closing at 8:00 p.m., local time, so as to keep its asso...

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Israel passes new law to use digital technology for COVID-19 tracing

With continued growth in the number of coronavirus cases across the world, various government organizations are taking several steps and passing immediate laws to curb the spread of this deadly virus in their respective countries. A latest instance ...

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Gap Inc. plans temporary closure of stores across North America

Gap Inc., an American multinational clothing and accessories retailer, has recently announced that it will temporarily close selected North American stores amid escalating COVID-19 fears. The company will reportedly shut its Intermix, Janie and Jack,...

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Social media firms expect AI errors as coronavirus empties offices

Alphabet, Inc.’s Facebook, Inc., Twitter, Inc., and YouTube have apparently announced a warning regarding the removal of more videos and other content erroneously for policy violations. The offices of these firms have been emptied due to the ou...

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Nike declares temporary shutdown of stores in U.S. & other nations

Footwear and apparel giant Nike has announced that it plans to shut down a few of its stores. It seems that the company is following the footsteps of major retail firms worldwide, that have, for most parts, closed down their brick-and-mortar establis...

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Avaya launches remote contact center solutions amid COVID-19 outbreak

Amidst the budding challenges caused by coronavirus, Avaya Holdings Corp., a leading provider of communication software solutions, has announced that it will offer additional help to contact center clients who face challenges with sustaining high lev...

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TikTok to boost transparency efforts owing to privacy concerns in U.S.

TikTok, the renowned Chinese social networking video-sharing service developed by ByteDance, has reportedly announced that it is launching a new content moderation facility in its newest efforts to increase transparency. The move comes at a time whe...

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CVS Pharmacy acquires 110 Schnucks pharmacies, with 11 to close

CVS Pharmacy, a subsidiary of CVS Health, has recently announced the acquisition of 110 Schnucks pharmacies, which will lead to the closure of 11 Schnuck Markets’ pharmacies. The acquisition has been arranged in a way that 99 pharmacies based i...

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Amazon may succeed on key argument in suit over cloud computing deal

The opinion by a judge from U.S. Court of Federal Claims was unsealed recently   Just weeks after the contract was awarded to Microsoft, Amazon filed a lawsuit in November 2019 A federal judge recently concluded that Amazon.com Inc. i...

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Subscription billing provider Chargify buys event streaming firm Keen

The companies are a part of Scaleworks private equity firm’s group of companies   The new event-based billing mechanism will be operational with immediate effect Texas-based software company- Chargify has reportedly announced the acq...

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Silver Airways unveils new ATR-600 aircraft to expand in the Caribbean

The company is likely to launch four new ATR-600 airplanes in its Caribbean network operation this year The new ATR 72-600 will operate from San Juan, Puerto Rico U.S. based regional airline company- Silver Airways has reportedly launched operat...

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Facebook provides WHO free ad space to counter COVID-19 misinformation

Upon the search of COVID-19 on Facebook, the site will directly link to a local health organization and help prevent the spread of misinformation Facebook will be offering the World Health Organization (WHO) free ad space to assist in providing i...

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Vestas steps into Lincoln Gap wind turbines amid hurdles at Senvion

  Vestas noted that it secured the service agreement from Singapore-based Nexif Energy Lincoln Gap wind farm will have the capacity to produce over 800,000 MWh of electricity annually Vestas is set to service over 230 MW of Senvion turbines...

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CIM Group begins first phase construction of Westlands Solar Park

CIM Group LLC, a real estate investment firm, has reportedly commenced the construction of Westlands Solar Park (WSP), one of the largest permitted solar parks across the globe that could generate 2.7 gigawatts of renewable energy, which may offer cl...

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Tasmanian govt. plans to invest $50M to develop hydrogen energy plant

The government of Tasmania has recently announced its intention to invest $50 million for the ‘Renewable Hydrogen Action Plan’ to advance the state’s hydrogen energy industry. $20 million from the new $50 million action plan will be...

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Malaysian startup Dahmakan secures $18Mn in a Series B funding round

Dahmakan, a Malaysian full-stack food delivery startup, has reportedly raised USD 18 million in a Series B funding round which involved participation of firms like White Star Capital, Rakuten Capital, GEC-KIP Fund, JAFCO Asia, Woowa Brothers, Y Combi...

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Skechers to use Goodyear’s technology for high-performance footwear

US-based lifestyle and performance footwear company, Skechers recently revealed to be building on a technology for its footwear in collaboration with the leading tire manufacturing firm, the Goodyear Tire & Rubber Company. Select styles across c...

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Automation software company UiPath keen on introducing an IPO

The offering is likely to take place in the first half of 2021.   In 2019, the net worth of UiPath was valued at USD 7 billion. New York-based robotic process automation (RPA) company- UiPath is reportedly nearing its first IPO after assis...

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IRB Infrastructure secures its first investment from GIC affiliates

  IRB received Rs 3,753 crore out of Rs 4,400 crore commitment by IRB Infrastructure Trust. The balance commitment shall be invested over the progress of the construction of under-construction projects. IRB Infrastructure Developers, a hi...

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Treebo becomes a part of the CCI probe against MakeMyTrip and Oyo

The complaint filed by Treebo will be an addition to the current inquiry   Treebo faced challenges in registering its properties on platforms due to exclusivity arrangements Treebo, a chain of budget hotels, has reportedly registered a com...

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New privacy issues raised over recently unveiled Google Chrome 80

  The latest update removes the need for an anchor, allowing anyone to create a link web document ScrollToTextFragment is only supported by the Chrome browser Search engine leader Google is in the spotlight over a potential privacy risk li...

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Kia and Hyundai come up with a new predictive transmission system

The automotive sector is observing constant advancements by means of developing innovative technologies. Recently, Kia and Hyundai revealed that they have designed a new transmission control system that enhances shift logic to reduce "gear hunti...

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Google intends to move British users’ accounts outside EU jurisdiction

Google, the renowned American multinational technology company specializing in internet related services and products, has reportedly announced plans to shift its British users’ accounts out of control of EU privacy controllers and place them u...

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BBVA certifies three Nordex wind factoring operations as green

The factoring operations are classed into green based on a sustainable BBVA framework BBVA, a multinational financial service firm based in Spain, has confirmed three of the non-recourse factoring operations from Nordex as green. Finalized in 201...

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Shell inks PPA with Europe’s largest battery facility in Wiltshire

Royal Dutch Shell PLC has signed an offtake agreement or PPA (power purchase agreement) with a China-led consortium building that claims to be Europe’s largest battery storage facility. The deal, which is expected to be completed by year’...

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Binance launches Binance Cloud to allow users set up crypto exchanges

  Binance Cloud will be an all-in-one platform supporting coin listings and trading pairs It will provide users a method to put up a crypto platform in local markets Binance, a top cryptocurrency exchange and blockchain ecosystem, recently...

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Designer Outlet Croatia features ShopperTrak network to build footfall

Johnson Controls’ retail solution portfolio Sensormatic Solutions has recently announced its intention to feature its ShopperTrak shopper insights and visitor analytics in Designer Outlet Croatia. The project will be presented by ShopperTrak&rs...

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Federal judge puts forth temporary ban on Jedi cloud contract

Judge grants tech giant, Amazon, injunction request in the Pentagon cloud contract case.   Microsoft was awarded the Joint Enterprise Defense Infrastructure, JEDI, contract last year forcing the tech giant to formulate a block request on the...

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BP announces its plan on cutting down carbon emissions by 2050

Benard Looney. BP to overhaul its corporate structure to pursue the pledge undertaken. The newly appointed chief executive of British leading oil and gas company-BP, Benard Looney has proposed a pledge to curb the carbon emissions of its global ...

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Private equity firm Gryphon inks deal to infuse investment in Pacur

Gryphon, a private equity company based in San Francisco, has inked a fresh deal to infuse investment in Pacur, a major supplier of specialty plastic packaging materials meant for the medical device landscape. Gryphon Deal Partner and Industrial Gro...

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Allen Media acquires 11 broadcast TV stations from USA TV holdings

Allen Media Broadcasting, an arm of Byron Allen’s Entertainment Studios, a US-based media and entertainment company, has reportedly announced that it closed in on the purchase of 11 broadcast TV stations from the USA Television MidAmerica Holdi...

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Chinese automaker Geely plans to merge with its Volvo Cars business

The merger deal shall boost their technological and financial synergy   Combining the firms shall also protect the individual identity of every brand Volvo Cars, a Swedish automaker along with its owner, Geely Holding, a Chinese automaker ...

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Kansas adds 660MW wind power, targets significant emissions reduction

The extension will help the State reduce emissions by 80% by 2050 Addition of 660 MW by Evergy increases its capacity to 4,535 MW Evergy, provider of clean and safe energy, along with Laura Kelly, Governor of Kansas, have jointly announced that ...

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Advent and Crosspoint take over Forescout for USD 1.9 billion

Forescout shareholders would receive an all-cash transaction of USD 33 per share from the acquiring companies.   Under this acquisition, the companies will support Forescout built on its success in device visibility and enhance its leadershi...

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Visa, Airwallex collaborate to launch a B2B borderless payments card

The B2B card solution will help smoothen cross-border payments conveniently   The offering will be first available in Australia followed by other markets worldwide Visa, a leading digital payment technology firm, along with Airwallex has r...

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American Airlines-GOL enter codeshare agreement to expand connectivity

American Airlines, a major airline headquartered in Texas, has recently announced that it is entering a reciprocal codeshare agreement with GOL, Brazil’s largest low-cost airline. Under the agreement, travelers will be given new access to 20 ne...

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CDP inducts Kao in its A List for water security and climate change

Kao Corporation, a renowned Japanese chemical and cosmetics company, reportedly announced that it has been selected to be inducted into the A List created by renowned UK based NPO, CDP, for climate change and water. The A List contains the names of a...

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SafeSwiss procures Secure Swiss Data to prevent soaring cyber-attacks

The acquisition is considered the largest of all the recent acquisitions across the Swiss cyber technology sector. The companies have kept the details of the acquisitions undisclosed as of now. SafeSwiss Secure Communication AG, a world leade...

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American Airline inks $4.2Bn worth contract with mechanics union

The agreement will provide over 30,000 employees an improvement in pay, job protections and quality of life American Airlines, one of the world’s largest airlines, along with its mechanics union has recently announced that it has reached a ten...

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Toyota Motor to use big data to avoid accelerator-brake confusion

• Toyota plans to roll out accelerator suppression function in new cars. • The automaker will sponsor the Tokyo Olympics exhibiting its self-driving e-Palette pods. Toyota Motor Corp, a Japanese automotive manufacturer, recently launched a...

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IDbyDNA raises $20M in Series B funding for Explify diagnosis platform

  The Series B funding has reportedly been led by ARTIS Ventures and others. Main motive of the funding raised is to fuel growth of company’s Explify Software Platform for the treatment of global infectious diseases.   Californ...

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Google to combine business tools and messaging apps into one solution

Google has been reportedly working on developing an all-in-one business communication service, which will combine the company’s productivity tools and messaging apps. This new solution will provide unified experience of Google services, includi...

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GM to invest USD 2.2 bn for the production of electric trucks and SUVs

The vehicle and vehicle part producer is anticipated to invest over USD 2.2 billion for the manufacturing of all-electric SUVs and trucks.   Production is expected to take place at the company’s Detroit-Hamtramck plant in the states of...

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Amazon to open fulfillment center and create 1000 new jobs in Memphis

Amazon, the renowned tech giant and e-commerce company, has reportedly announced the opening of a new fulfillment center in Memphis, Tennessee. The company would also be creating 1,000 new jobs in the city under this initiative. The company plans to...

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Monzo in talks with SoftBank to raise £100M funding for U.S. expansion

Monzo, a U.K.-based neobank and highly valued tech startup, is seeking assistance from Japanese investment conglomerate, Softbank, to raise new funds for its expansion in the U.S. It has recently started testing out banking app in the U.S., with its ...

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Colgate inks agreement to buy premium U.S. oral care brand Hello

Financing of the transaction will be a combination of both debt and cash There has been no announcement of the terms of the deal under the acquisition Colgate-Palmolive Company, a multinational consumer product firm, recently confirmed that it w...

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Capital Dynamics partners with 8minute on a new solar project

Capital Dynamics’ CEI (Clean Energy Infrastructure) business has reportedly entered into a development partnership with 8minute Solar Energy through procurement and equity financing of the Eland Solar & Storage Center. For the record, Elan...

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KDC/ONE to buy Shanghai Paristy Daily Chemical amid acquisition streak

Knowlton Development Corporation (KDC/ONE) has inked a deal to acquire Shanghai Paristy Daily Chemical Co., Ltd. The strategic acquisition is the first of its kind in Asia that is set to close in the Q1 2020; financial terms of the transaction is yet...

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TalkTalk sells broadband business to CityFibre for £200 million

TalkTalk is set to trim its debt with the sale of the FibreNation division for £200 million. Acquisition of FibreNation by CityFibre incorporates a wholesale commitment which would need TalkTalk to provide its customers broadband services which...

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Clairvest leads its sixth minor growth equity financing in DTG Recycle

The deal is done to support the company’s expansion in the Pacific Northwest. This will be Clairvest’s sixth investment in the waste management industry. Clairvest Group Inc., an equity management company, recently announced that it...

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Qatar to develop a 800MW solar power plant with Total & Marubeni

Like most of its oil-rich neighbors, Qatar seems to be pushing towards solar power to meet its local energy needs. The nation, being one of the leading exporter of LNG (liquefied natural gas) across the globe, has reportedly inked an agreement with J...

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Shannon provides safe & reusable thermal blanket insulation for NDS

  Shannon blanket insulation can offer up to 85% heat loss reduction over a surface They can prove to be an energy saving solution while improving the safety Shannon Global Energy Solutions, a leading designer and builder of reusable therm...

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SSE takeover of energy service arm from Ovo for £500M on the cards

SSE, the UK energy giant, has stated that it will soon complete the sale of its energy service arm to Ovo for £500 million, incorporating £400 million in cash and £100 million in loan notes. SSE sees this as an opportunity at hand t...

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Apple snaps up AI start up Xnor.ai in a deal worth up about $200M

Apple has acquired a Seattle-based AI start up Xnor.ai that specializes in edge-based and low-power artificial intelligence tools. The acquisition is in line with Apple’s much-talked about procurement of Turi, a Seattle-based AI start up in 201...

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Magellan Aerospace to supply landing gear assemblies to Collins

The company offers intricate assemblies and systems solutions for aircraft manufacturers Magellan will use its global resources in India, Poland, Kitchener and New York Magellan Aerospace Corporation, a Canadian-based aerospace system and compon...

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AWM Smart Shelf & Microsoft join forces to exhibit AWM Frictionless™

In order to facilitate intelligent retail with AWM Frictionless™ (autonomous shopping solution), Adroit Worldwide Media, Inc. (also known as AWM Smart Shelf® or AWM), which is a vision technology company, has formed a partnership with Micro...

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BW Group-KVH renew 5-year contract to upgrade vessels to HTS network

KVH Industries, Inc. has recently announced and signed a 5-year contract with BW Group, a leading maritime company functioning in different segments of gas, tanker, and offshore (products include LPG and LNG carriers, product tankers, and offshore fl...

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P&G confirms plans to acquire female personal care brand Billie

Billie will continue to be headed by its co-founders Jason Bravman and Georgina Gooley The acquisition will help bring high-quality products at affordable prices to women worldwide P&G, an American multinational consumer goods firm, recently...

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SSH.COM – DIT join hands to upgrade enterprises’ data security

IT admins in various companies come across complex situations in implementing multi-cloud and service hybrid. With IT workloads moving to the cloud, target servers get spun up and down. This leads to delayed access and noncompletion of critical tasks...

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Xerox raises $24 billion from banks to support acquisition of HP

Xerox received funds from leading financial institutions such as Citi Bank, Bank of America and Mizuho   The proposed merger will help both the companies save costs up to USD 2 billion over two years Prominent American corporation Xerox, t...

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HP and Tile enter a definitive agreement to make laptops trackable

HP and Tile enter a definitive agreement to make laptops trackable Tile, a renowned consumer electronics company helping users find their electronic devices reportedly announced its new contract with HP, the computer market giant, to launch a laptop...

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Tenaris concludes US$1.1Mn deal to acquire IPSCO Tubulars

Tenaris S.A., a global supplier and manufacturer of steel pipes, has recently announced the successful completion of its prior announced plans to acquire U.S. rival IPSCO Tubulars, Inc. from PAO TMK. As per sources, the price bid for the acquisition...

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Luxoft unveils its new shared mobility concept Luxoft HALO

Luxoft, a subsidiary of DXC Technology Company, has unveiled Luxoft HALO in collaboration with Amazon, Mapbox, and LG Electronics. Luxoft HALO is the latest concept of shared mobility, which features innovative digital, consumer-grade in-vehicle...

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Drunk Elephant unveils F-Balm Electrolyte Waterfacial at Sephora

  The skincare and cosmetics brand, in unison with Sephora, announced the launch of F-Balm Electrolyte Waterfacial. The product is expected to efficiently restore the moisture content and maintain a balance of hydration whilst providing a co...

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HOOKIPA doses first patient in HB-201 Phase 1/2 trial for HPV16+ cancers

  HB-201 is an immunotherapy to treat Human Papillomavirus 16-positive (HPV16+) cancers HPV has been estimated to cause nearly 5% of cancers worldwide, majorly due to HPV serotype 16 HOOKIPA Pharma Inc.,  a developer of immunotherapeu...

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Petronas Brazil acquires 50 per cent stake in two oilfields

The closing agreement of the acquisition was held on December 27, 2019, in Rio de Janeiro, Brazil.   Petronas Petróleo Brasil Ltda., a subsidiary of  leading Oil & Gas company, PETRONAS BHD ( Petroliam Nasional Berhad) rec...

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Amazon guarantees 500 jobs with launch of Deltona fulfillment center

  The Deltona facility is to be constructed at one million square foot land scape and is expected to cater over 500 jobs. Deltona is the retail giant’s fifth facility in the state of Florida. Retail giant, Amazon Inc., has reportedl...

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USDA unveils plans to invest in 42 states to improve water quality

The United States Department of Agriculture (USDA) and Donald LaVoy, Deputy Under Secretary, Rural Development, have reportedly announced that the department will be investing $635 million across 122 projects in order to improve the condition of wate...

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Turkcell announces launch of Turkey’s new email service, YaaniMail

  YaaniMail can be used by both corporate and regular customers irrespective of their location, operator or device The email service is integrated with Turkcell’s cloud platform Lifebox Turkcell is targeting 2 million registered users...

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Sunnybrook Health and Evident collaborate to enhance patient care

The partnership will render affordable solutions for managing patient outcomes across the Canadian healthcare industry Sunnybrook Health Sciences Center – a leading trauma center based in Canada has recently tied up with Evident – a memb...

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TerniEnergia inks the closure pact of 4 PV plants for 4.1 mn euros

The energy solution provider is likely to close the sales pact of 4 of its photovoltaic plants for a financial deal of 4.1 million euros.   The capacity of these plants is claimed to be around 4 megawatts. One of Italy’s energy solut...

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Uber Co-founder and ex-CEO sells company shares worth US$2.5 billion

·         Travis Kalanick sold nearly 90% of his shares and may soon be divested ·         He had resigned from the firm over fraud, discrimination and sex...

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Facebook and Instagram to ban marketing of guns and vapes on platform

Instagram and Facebook have reportedly announced to shut down a loophole that lets vendors sell vapes and guns on their platforms. The social networks have already banned marketing of these products, however, through this move they are aiming to comp...

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Frontier expands its services by adding 18 new nonstop routes

Frontier Airlines, the Denver-based ultra-low-cost carrier commercial airline, recently added 18 new nonstop routes along with previously announced seven routes out of Newark International Airport. Reportedly, these newly added routes include t...

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Devon announces sale of Barnett Shale assets for $770 million

Devon Energy, a leading independent oil and natural gas exploration and production company, has reportedly announced a new strategic agreement to sell its assets in the Barnett Shale for $770 million. The assets which spans 320,000 acres and contain...

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Merck Animal Health sets the seal on the acquisition of Vaki

Merck Animal Health recently set the seal on acquisition of Vaki from Pentair, thereby taking further strides towards the numero uno position in aquaculture. People aware of the situation claim the acquisition will help Merck Animal Health bolster it...

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Disney Plus and Canal Plus ink agreement for distribution in France

  The two firms already held a programming agreement for many years Canal Plus Group will be an exclusive distributor of Disney Plus in France American streaming service Disney Plus has recently signed an exclusive distribution agreement w...

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Delta-Wheels Up unite to create one of the world’s largest private aircraft fleet

Delta-Wheels Up unite to create one of the world’s largest private aircraft fleet Delta Airlines to attain minority stake in aviation company Wheels Up and establish one of the world’s largest fleet of private planes. This alliance is...

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PG&E installs weather stations and HD cameras to supervise wildfire

Pacific Gas and Electric Company (PG&E) has announced that it has installed over 600 weather stations and 130 high-definition (HD) cameras all over its service zone. The recent move is a part of the company’s Community Wildfire Safety Progr...

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Mobility management firm Passport secures $65Mn from Series D funding

In recent years, various tech firms and startups have introduced innovative services and platforms into the market. Passport is one such cloud tech startup that has made significant strides in the mobility management sphere. Recently, the company mad...

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DWT wins grant from U.S. DOE for pre-prototype turbine design

Researchers across the world are putting in their best to seek ways to utilize wind as a distributed energy source. The U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) works with numerous small-scale businesses to furthe...

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Sanofi wins $226m in funds to expand influenza vaccine capacity in US

The agreement is supported by federal funds from BARDA   A new manufacturing unit is to be established to facilitate sustainable production France based pharmaceutical company- Sanofi Pasteur has reportedly signed an agreement with the U.S...

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LATAM pronounces termination of joint venture plans with IAG

The two companies are anticipated to part ways after the decision of exiting the Oneworld alliance.   Apparently, the decision is unlikely to affect the long terms relationship of the companies. In a recent instance of calling off an antic...

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AFC teams up with Brahms Oil to develop refinery project in Guinea

The project involves developing a petroleum storage and associated refinery in Kamsar   AFC is also in early talks to develop various mining projects and a 33 MW solar project Nigeria-based multilateral development financial institution Af...

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SIBUR and BASF sign a memorandum for sustainable development

BASF and SIBUR have reportedly inked a Memorandum of Understanding (MOU) to validate their collaboration on circular economy and sustainable development agenda. Earlier in June 2019, both the companies had environmental discussions. The MoU was ...

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Instagram finally introduces age verification feature for new users

Up till now social networking platform Instagram was careless about its users’ ages. However, after nine years since inception, the company is now becoming more responsible to protect underage users from risks and problems associated with socia...

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Invenergy inks strategic partnership with EPM for new projects

The alliance aims at developing and building large scale wind and solar energy projects in the state of Colombia. Around 500 megawatts of new renewable projects in Colombia to be realized by 2025 through the strategic partnership. Chicago based ...

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U.S. college student accuses TikTok of sending personal data to China

Social media video platform TikTok is reportedly being accused by California college student Misty Hong. Misty apparently claims that TikTok’s Chinese parent company Byte Dance and TikTok are transferring U.S. user data to Chinese servers. Sou...

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EU Antitrust officials look into Google data collection methods

  EU sent questionnaire to several companies for feedback on Google The investigation is also regarding Google’s search, advertising, browser and login services American multinational technology company Google is reportedly under fu...

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Enel X introduces Homix with built-in Amazon Alexa feature

U.S. based energy solution provider, Enel X North America has recently made some strides in the smart home industry. As per reports, the company has introduced a new smart home solution, dubbed Homix, which comes with built in Amazon Alexa. The devic...

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Ideanomics inks deal to form a joint venture with Yunnan Energy

The deal would see both the firms set aside a New Energy Industry fund which would empower new battery-based power initiatives.  Ideanomics, a global fintech firm, recently inked an exclusive deal with Yunnan Energy to establish a joint venture...

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Orsted unveils plans for the world’s first 5GW offshore wind island

Orsted, a Denmark based power company, has reportedly revealed plans for a new 5GW offshore wind capacity that would connect Denmark, Germany, Sweden and Poland, making it the world’s first energy island in the Baltic Sea. The offshore wind pa...

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INNIO and HanseWerk AG sign LOI for a hydrogen flagship project

Against the backdrop of depleting non-renewable energy resources, green hydrogen is increasingly being considered as an energy asset. Several countries are eyeing on harnessing the enormous potential stored by hydrogen technology to achieve decarboni...

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US Mayo Clinic teams up with the Middle East to run a “Mega Hospital”

  Mayo Clinic aims to replicate its care in the Abu Dhabi center.   The new four-tower campus shall be opened in early 2020.    Minnesota-based medical center, Mayo Clinic reportedly announced that it will enter a joint v...

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NextDecade bags an approval from FERC for its Rio Grande LNG Project

NextDecade Corporation is a promising LNG development company that plans to build the biggest LNG export solution connecting Permian Basin associated gas with the international LNG market. It has a rich LNG project portfolio which includes the 4.5 Bc...

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Accenture opens innovation hub for Australian energy & mining sector

Accenture plc., a multinational professional service provider company recently opened an innovation hub for mining and energy companies in Western Australia. The hub has been opened in an effort to aid mining and energy companies in addressing t...

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Google set to impose limitations on political ad targeting worldwide

  Advertisers will not be able to target customers based on their political affiliations Restrictions to be levied in the U.K. by the end of the year ahead of its general elections U.S. based multinational technology company Google report...

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NCR buys POS Solutions and expands its restaurant technology in Austin

  The deal will represent NCR’s fourth local office acquisition in the state Its restaurant technology is trusted by 100,000 restaurants worldwide NCR Corporation, leading provider of point-of-sale and restaurant solutions, has recen...

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Airbus secures an order from Air Arabia for 120 A320neo aircraft

  The UAE’s only listed airline vies to expand its operation beyond Middle East. A320neo Family received over 7,000 firm orders from more than 110 customers globally. Introduction of A321XLR believed to be a quantum leap from A321LR. ...

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Pengmen International launches rare red sandalwood cosmetic products

Pengmen International Trading Co., Ltd., a leading health care product producer based in China has delved into combining health & beauty. The company  used modern technology and an ancient Chinese medicine to convert an expensive and rare sp...

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Saipem wins a subsea contract for Payara development project in Guyana

Saipem will provide detailed EPIC of a large subsea production facility.   The company will develop risers, subsea structures, and flowlines for the project Saipem S.p.A., an Italian oilfield services firm, has reportedly won a subsea cont...

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CoreKinect & Kudelski debut disposable cold chain tracking solution

The food track solution revolutionizes cold chain tracking.   Cutting-edge sensors manufactured at a disruptive price point takes a quantum leap. The Kudelski Group (SIX: KUD.S) and Corekinect today announced the roll out of much-anticipat...

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Aroma Bit secures funds to develop next-generation odor imaging sensor

The company has undertaker shares with Sony Innovation Fund by IGV, which will be used to enhance the feature of its odor sensors. Aroma Bit, Inc., a Tokyo-based tech organization, has reportedly undertaken a 3rd party allocation of new shares with ...

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Amazon Australia announces partnership with Zip Co. for BNPL service

  Zip would become Amazon’s first “Australian installment payment option”. Zip shares soared around 24.1%, right after the market open to A$4.27. E-commerce giant, Amazon Inc.’s Australia unit has reportedly entered...

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McLaren, Petrobras end £150 million F1-sponsorship deal after 2 years

Petrobras was to be McLaren’s official commercial and technical partner during this F1 season Brazil’s president Jair Bolsonaro ordered for termination in early 2019 British motor racing company McLaren Motors has recently anno...

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AT&T to pay a $60 million fine for throttling data of its customers

With growing data usage across the world, several telecom carriers are offering unlimited data plans. However, with growing usage, some service providers are allegedly limiting the bandwidth by further slowing down data speeds, thereby decreasing the...

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One million car charging points in Germany by 2030, says upbeat Merkel

Merkel wants to drastically increase the number of electric cars charging stations.   Berlin will explore cars run on hydrogen fuel cells. Germany is likely to be equipped with one million charging stations for electric cars by 2030, said ...

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Accenture to back Santen Pharmaceutical to build a enterprise platform

Accenture is one of the leading global professional services company which offers a wide range of solutions and services in consulting, strategy, digital technology and operations. With over 492,000 employees serving customers in over 120 nation...

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BASF and NRGene sign research collaboration to expedite crop breeding

BASF SE, the renowned German chemical firm, and Israel-based Genomics company, NRGene, have reportedly announced a new research collaboration agreement that revolves around the adoption of the cloud-based AI (artificial intelligence) technology, deve...

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3D at Depth reveals its Asset Integrity Solution at the NOSP

3D at Depth Inc., one of the leading experts in 3D data solutions and subsea laser LIDAR technology, recently held a successful showcase of technology in collaboration with OneSubsea at the Norwegian Forum for Offshore Survey and Positioning (NOSP). ...

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Hyundai Mobis partners with Velodyne to develop new Lidar system

Beyond companies like Tesla who are developing self-driving cars, a set of automakers are investing heavily over the development of advanced vehicle parts. Tech firms working in the automobile sector are attracting record levels of deals, funding as ...

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Lee Equity buys skincare brand Cosmetic Solutions for undisclosed sum

CEO Warren Becker and Chairman Mervyn Becker will continue leading the company   The Sage Financial Group acted as the financial advisor for Cosmetic Solutions New York-based private equity firm Lee Equity Partners, LLC, has recently annou...

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Jack Links Protein Snacks partners with esports franchise Envy Gaming

The world of video gaming has revolutionized over the past couple of years and has become a fast-growing global phenomenon that comprises of millions of fans. Streaming services and live events have seemingly turned casual gamers into internet sensat...

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ICRA reviews rating outlook for 1.9 GW of solar and wind projects

ICRA has reportedly revised the rating outlook of one-third of its rated portfolio for wind and solar Rating Agency ICRA has reportedly downgraded approximately 1.9 gigawatts (GW) of solar and wind power projects in its rated portfolio. The agency r...

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Total to extend its strategic partnership with Adani Group in India

Increasing demand for oil and natural gas as well as deferred investments in the ongoing oil and gas projects due to the downturn, have resulted in increased collaborations between global firms in order to maintain the oil and gas supply across the w...

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Sanitation Districts of LA and MWD unveil new water recycling facility

California has been battling its water problem for a while now. The state has gone through four years of the region’s worst drought in the last decade. Being home to more than 39.75 million residents, the state government is exploring numerous ...

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Just Energy announces sale of its UK operations to Shell Energy Retail

There are numerous ways businesses can increase their operational efficiency and enhance cost-cutting. As a part of an expansion strategy, organizations are often seen negotiating new contracts and looking for alternative suppliers. A similar instan...

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Delay in approval leads to a halt in NTPC’s major wind project auction

Wind power is one of the most efficient and seasoned sources of renewable energies. Due to rising air pollution caused by conventional sources of energies, several countries have now begun to focus their attention on using renewable energies. Nation...

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Plains All American and Holly Energy to form a 50/50 joint venture

Oil transportation and services related to the maintenance and storage have always been witnessing a substantial business growth owing to growing consumption. Increasing oil demands have laid down the foundation of growth for oil transportation and p...

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Hecate Energy inks a new 250 MW solar energy deal with Google in Texas

Demand for renewable energy, and by extension, initiatives for solar power projects have witnessed a substantial growth lately due to growing environmental awareness and advancements in clean energy technologies. Various global firms are collaboratin...

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Gojek launches Goplay to deliver video streaming services in Indonesia

· Goplay to rival Netflix in Indonesia · Subscription will start at US$6 a month Indonesia-based transportation and payments company Gojek has reportedly launched a video streaming platform, Goplay, that will feature TV Shows and orig...

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Chinese wind turbine maker Goldwind launches a new 8 MW turbine

· Goldwind is the largest turbine manufacturer in china with over 32,000 units installed worldwide. · The company plans to run a drag test of the turbine for two months. Goldwind, a Chinese manufacturer of wind turbines, has reportedl...

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Facebook buys Servicefriend to build messaging bot for Calibra users

Social network giant Facebook has reportedly acquired Servicefriend, a chatbot startup, with the apparent aim to provide customer service for Facebook Calibra users. Facebook will be collaborating with Servicefriend to build a messaging bot for Calib...

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Conecta Wireless allies with Tata Communications for digital services

Digitalization has become an integral part of businesses worldwide. With increasing emphasis on digital transformation, IT organizations across the globe have started expanding their business reach by partnering with industry leaders. A similar inst...

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Cadence forays in system analysis & design with Celsius Thermal Solver

The product’s immense parallel execution capabilities deliver 10x faster performance without losing accuracy.   The product integrates with Cadence IC, package as well as PCB implementation seamlessly and simplifies accelerates and des...

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Total partners with Envision to tap on China’s solar energy market

Smart solar energy is an emerging field and has virtually fascinated nations worldwide by means of its power generation capability. With the ongoing IoT revolution, companies and end-users are constantly acquainting themselves with the latest advance...

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U.S. signals security concerns over Huawei’s 5G network to Gulf allies

The U.S. have told its allies in Persian Gulf to think wisely before using Huawei’s 5G network services and products over security risk. Allegations imposed by the U.S. have been rejected by Huawei. The United States has highlighted worrie...

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Gevo inks joint development agreement with Australia’s Leaf Resources

Gevo and Leaf Resources has signed a joint development agreement to explore the possibility to convert cellulose derived sugar and glycerol as an alternative fuel.   The joint development agreement is structured around three phases of work. ...

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Walker Die Casting acquired by Allison Transmission for $103 million

Walker manufactures aluminum castings and has been a supplier of the same to Allison from last 20 years. C&R Tool and Engineering and Walker Die Casting will operate as Allison Transmission plants and both companies will continue to operate ou...

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WeWork to slash its IPO valuation below $25 billion due to weak demand

WeWork lends workspaces on rent to businesses and start-ups and was founded by CEO Adam Neumann in 2010.   WeWork last raised capital at a valuation of $47 billion in the private market. Even with a $25 billion valuation, appetite for invest...

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BreadTalk plans to acquire Singapore’s Food Junction for $80 million

The take-over would be paid in cash, which would position BreadTalk as the third largest food court operator in Singapore. BreadTalk Group, a food and beverage company based in Singapore, plans to acquire Food Junction Management Pte Ltd., a chain o...

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KFC entices public, sells out plant-based chicken in less than 5 hours

Allied meat substitute producer, Beyond Meat conducted a trial of its plant-based chicken at a restaurant in Atlanta. The fast food chain company witnessed a humongous demand for the chicken substitute which was same as the measure of popcorn chic...

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L&T bags around Rs 2,500 crore order from Indian energy giant NTPC

The order involves installing the most number of FGD systems in India at a single location. Larsen & Toubro Limited, India’s renowned manufacturing and engineering conglomerate, has recently announced that its power business has ...

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Lockheed Martin Takes Initiative to Build the F-16 for Taiwan

The first jets should come off the assembly line by the end of 2021 Lockheed Martin, an American global aerospace, defense, security and advanced technologies company is all set to build F-16 for Taiwan. Adding new foreign partners to its list of cl...

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Starship Technologies raises $40 million in Series A funding round

The ambitious aim of the company is to deploy robots at 100 schools within the next two years. Starship Technologies, a company that specializes in developing self-driving delivery robots, has reportedly announced that it has raised $40 million in S...

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Tesla offers solar rental program to drive its renewable energy trade

However, Vivint Solar and SunRun, the top providers of consumer solar, have installed 56 megawatts and 103 megawatts respectively. Tesla has reportedly announced that it is offering customers a new rental solar power to reinforce the ...

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Global tech giants are troubled by the 3% rise in French digital tax

The U.S. Trade Representative (USTR) recently filed a probe into the new tax and termed it unreasonable. Global tech conglomerates, Facebook Inc., Alphabet Inc.’s Google and Amazon.com Inc. are few of the organizations that are willing to tes...

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Verizon trades Tumblr, sells social media website to Automattic

Verizon company sold off its acquired microblogging and social networking website, Tumblr to Automattic Incorporation. The offer price has not yet been disclosed but the reports estimate it to be under USD 3 million. Verizon communications owned...

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Sears & Kmart to shut their 26 stores in October following bankruptcy

Following the closure of thousands of stores, 21 Sears and 5 Kmart stores are reported to shut down soon. Over 380 stores to remain open globally. Transform Holdco – the new entity formed in February with 400 Sears stores, has reportedly a...

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Spark moves eDarling Spain onto cornerstone technology platform

The company reportedly announced the migration of eDarling Spain onto their cornerstone technology project-loveOS. loveOS will manage Spark’s complete portfolio of premium and freemium applications. Berlin based Spark Networks SE repo...

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Airbnb buys Urbandoor, ensures comfortable stay for travellers

Airbnb and Urbandoor to work closely for ensuring the comfort for the corporate clients travelling for business purpose. The Urbandoor team will move in with Airbnb Headquartered in California, Airbnb has reportedly announced the acquisition of ...

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Pentagon puts USD 10 billion cloud computing contract on hold

Pentagon’s contract is reportedly paused by President Trump in order to examine Amazon Incorporation’s bid following the reports of complaints from other companies. Claims have been made that the company has built its requirements to f...

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Verizon confirms 5G network expansion to four additional U.S. cities

·         Verizon continues to lead the world in terms of deploying the next-generation network ·         The company states that its 5G network will be li...

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Kubota introduces M8 Series tractor to expand its farming line-up

Kubota will build up on its OEM agreement with Buhler Industries to manufacture the tractor The new series is well suited for hay tool applications in livestock and dairy operations Reports confirm that Kubota North America Corporation, the pa...

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South Korea to dispatch a naval unit to Strait of Hormuz for security

The country aims to join US-led Maritime force to guard the oil tankers sailing through Strait of Hormuz by sending a Cheonghae unit. This came in response to a U.S.' request to join Washington-led maritime security initiative. South Korea h...

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Apple acquires 5G smartphone modem chip unit of Intel for USD 1B

The deal requires Intel to develop modems for devices other than smartphones California-based leading tech company Apple has reportedly announced the acquisition of Intel’s smartphone modem business valued at USD 1 billion. For the record, A...

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OpenTable partners with delivery firms to expand into food deliveries

Uber Eats, GrubHub, and Caviar would be OpenTable’s three delivery service partners.   The new delivery partners would power delivery for more than 8,000 restaurants at the launch. OpenTable, a San Francisco-based online restaurant r...

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Sodexo BRS values fintech startup Zeta at $300Mn post Series C funding

The company plans to expand its branches in 7-8 countries within 18 months while doubling its engineering team. Zeta, an Indian fintech startup led by Ramki Gaddipati and Bhavin Turakhia, has reportedly managed to secure an undisclosed amount in a S...

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TikTok parent ByteDance acquires UK’s AI music startup Jukedeck

The acquisition would allow TikTok to use more royalty-free tracks, further saving it from expensive licensing problems. TikTok's parent firm, ByteDance has acquired a UK-based startup Jukedeck that makes AI-produced music dubbed as Jukebox. For...

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Sun Cable proposes to build worlds largest solar farm in Australia

Singapore-based power cables providing company Sun Cable recently proposed the establishment of a S$19 billion solar farm near Tennant Creek which will be connected by a 3,800km cable to Singapore and is estimated to be the world’s largest...

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VMware to buy machine learning acceleration startup Bitfusion

The Texas-based start-up has created an elastic & virtual OS for hardware accelerators. VMware Inc., a software company, recently announced plans to acquire Bitfusion, a Texas-based firm that delivers ground-breaking AI infrastructure disaggrega...

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GRC partners with Nihon Form Services for data center cooling in Japan

A leading provider of data center immersion cooling, GRC has reportedly announced its new partnership and licensing agreement with Tokyo-based IT and communications equipment manufacturer, Nihon Form Services (NFS). Apparently, NFS will help customiz...

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Oyo acquires co-working space startup Innov8 for INR 200 crores

The purchase marks Oyo’s first footprint into the commercial real estate segment. In a bid to expand its business operations to 50 centers by the end of 2019, India’s leading hospitality chain – Oyo Hotels & Homes has reportedl...

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Chevron plans hydropower-driven LNG plant to minimize CO2 emissions

Chevron Corp. is reportedly in talks to seek approval for the modification of its LNG export facility on the Pacific Coast of Canada into an all-electric project. Evidently Chevron, along with its partner Woodside Petroleum Ltd., had announced they ...

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GE Renewable Energy to provide 81 wind turbines to Polish wind farm

GE Renewable Energy, a division of General Electric, recently announced that it will be providing 81 onshore wind turbines to Potegowo Wind Project. The wind project is located in Slupsk County in Northern Poland with a capacity of 220 MW. Once the ...

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Cal-X acquired by Prototek, CORE Industrial Partners’ portfolio firm

Prototek, the portfolio company of the Chicago-headquartered private equity firm CORE Industrial Partners, reportedly announced that it has acquired Cal-X, Inc., a provider of sheet metal and precision machining fabrication rapid prototyping services...

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DiDi unveils new product updates to enhance safety and user experience

Beijing-headquartered multi-modal transportation technology platform Didi Chuxing (DiDi) has recently announced a series of major product updates across its rapidly expanding international markets in Latin America, Australia and Japan. These include ...

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Cisco to buy Acacia Communications to expand optical systems portfolio

Reports confirm that Cisco and Acacia Communications have inked a definitive agreement, according to which Cisco would be acquiring Acacia for around $2.6 billion on a fully diluted basis, net of marketable securities and cash. Cisco will pay $70 pe...

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Waymo tests free Wi-Fi & music in robo taxis to attract more riders

Self-driving technology development company Waymo, LLC, a subsidiary of Alphabet Inc., the tech giant, recently initiated testing of free Wi-Fi in its robo-taxis in greater Phoenix. Reportedly, a number of the company’s driverless mini vans had...

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Indian low-cost airline GoAir launches 7 new international routes

In the next two years, GoAir anticipates reaching the 100 million passenger mark.   GoAir runs a low-cost carrier model, demanding cost leadership, operational efficacy, and reliability. GoAir, India's budget airline is reportedly set ...

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Iberdrola and the EVE collaborate to promote renewable projects

The partnership will lead to a major decrease on energy dependence and will produce quality employment. Iberdrola S.A. and the Basque Energy Board (EVE) have reportedly announced that both have created an alliance to encourage projects for investing...

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U.S. judge holds up Qualcomm’s plea to block antitrust ruling

The U.S. District Judge Lucy Koh has not given a precise reason for disagreeing with Qualcomm’s motion. A U.S. judge has reportedly ruled against the effort of Qualcomm Inc. to obstruct the implementation of a sweeping antitrust verdict agains...

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