Dr. Reddy’s becomes India’s second biggest drugmaker by sales
  Author: Nikita Chaurasia

Dr. Reddy's Laboratories Ltd. and Cipla Ltd. surpassed Aurobindo Pharma to rank as the 2nd and 3rd largest drug manufacturers in India by sales in the three months that ended on September 30. This was the first cha...

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Attero aims to increase recycling capacity, plans for IPO in 2025
  Author: Nikita Chaurasia

Attero Recycling, a firm that recycles electronic waste, is aiming to launch an initial public offering (IPO) in 2025, according to its Co-Founder and CEO Nitin Gupta. As per Gupt...

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Indonesia's green transition efforts hampered by eight-year dam delay
  Author: Nikita Chaurasia

A $17 billion hydropower plant by Kayan Hydro Energy, which is hailed as the backbone of Indonesia’s green industry dream, has failed to take off due to an 8-year-long delay in dam construction. ...

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PM Liz Truss to launch comprehensive review of UK’s visa policy
  Author: Nikita Chaurasia

Newly appointed Prime Minister Liz Truss is considering doing a complete review of Britain's visa system, as the nation struggles with severe labor shortages in vital industries. Business leaders across the UK have...

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UAE: Entrepreneurs and investors can benefit from visa reforms
  Author: Nikita Chaurasia

The visa and business reforms by the UAE will open new prospects for investors, entrepreneurs, IT specialists, job seekers, and tourists, according to credible sources. This will reportedly benefit the region’s e...

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NEA AND SLA SIGN MOU TO SHARE GLOBAL NAVIGATION SATELLITE SYSTEM (GNSS)-DERIVED MOISTURE DATA FOR WEATHER MONITORING APPLICATION
  Author: Mateen Dalal

Singapore, 2 August 2022 – The National Environment Agency (NEA) and the Singapore Land Authority (SLA) have signed a Memorandum of Understanding (MOU) to develop the u...

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Parker Aerospace pens five-year PBL contract with U.S. Air Force & DLA
  Author: Mateen Dalal

Parker Hannifin Corporation business segment, Parker Aerospace has reportedly signed a five-year PBL (performance-based logistics) contract with the U.S. Air Force and Defense Logistics Agency (DLA). ...

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Sterling Generators & Moteurs Baudouin partner to accelerate growth
  Author: Mateen Dalal

Sterling Generators Pvt Ltd., one of India’s foremost genset players and a Wilson and Sterling Group Company has proudly declared a strategic collaboration with the French producer of power generation diesel and ...

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IMCD aims expansion in Bangladesh with a new office & laboratory launch
  Author: Mateen Dalal

IMCD, a global leader in the formulation and distribution of speciality chemicals and ingredients, has recently announced that it is opening a Dhaka office and Food & Nutrition Application Laboratory to embrace its...

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Celcom and Digi unite to drive digitalization for consumers, businesses
  Author: Mateen Dalal

Axiata Group Bhd or Axiata and Digi.Com Bhd are anticipating the potential of their proposed merger company, which is expected to be known as Celcom Digi Bhd, for solidifying the capacity to accelerate digitization for...

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Progcap nabs $40Mn in funding round for expansion & product development
  Author: Nikita Chaurasia

Progcap, a pioneer in the field of corporate-driven financing solutions for small and medium-sized businesses (SMBs), has secured $40 million in private equity capital at $600 million valuation. ...

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MotorK plans WebMobil24 acquisition to expand its European footprint
  Author: Nikita Chaurasia

MotorK Plc- a leading Europe-based SaaS producer for the automotive retail industry- has announced entering into talks to acquire WebMobil24, a Germany-based software firm of e-commerce platforms and provider of stock ...

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Etihad Cargo inks an MoU for sustainable pharmaceutical transportation
  Author: Mateen Dalal

Etihad Cargo, the cargo division of Etihad Aviation Group, has recently entered into an MOU (Memorandum of Understanding) with B Medical Systems. The MoU, publicized recently duri...

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Genes2Me unveils CoviEasy self-test kit with 98% accuracy for COVID-19
  Author: Nikita Chaurasia

Genes2Me has recently announced the successful launch of a self-test rapid antigen test kit, CoviEasy for COVID-19, that provides faster results in 10 minutes. Supported by AI-det...

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OTS Holding launches ready-to-eat, plant-centric meat brand, ANEW
  Author: Nikita Chaurasia

OTS Holdings Limited, a food manufacturing and brand builder group, has launched a ready-to-eat, plant-based food brand, ANEW which is determined to provide nutrition, quality, and convenience to consumers with a touch...

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Avanade launches new sustainability solutions for businesses
  Author: Nikita Chaurasia

Avanade is launching new offerings to provide solutions to clients over intricate sustainability challenges to make sure that they get the best from the latest Cloud for Sustainability by Microsoft. ...

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iFarmer secures $2.1 Mn in new funding round; seeks nationwide expansion
  Author: Nikita Chaurasia

iFarmer, a platform that enables Bangladeshi agriculture financing, has reportedly raised $2.1 million in a new financing round as the firm is looking forward to maintaining its fast-tracked growth and expanding across...

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Israeli & Moroccan Ministers of science & tech sign MoU for growth
  Author: Nikita Chaurasia

Orit Farkash-Hacohen, Minister of Science and Technology of Israel has reportedly inked a memorandum of understanding (MoU) with Abdellatif Miraoui, Minister of Higher Education, Scientific Research and Innovation of M...

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TagZ Foods aims for $128 million sales to expand product portfolio
  Author: Mateen Dalal

TagZ Foods, a leading snacks brand, has reportedly claimed the possibility to be the nation’s fastest direct-to-consumer food company to reach the annual sales mark of USD 128 million approx. The brand aims to in...

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Pintarnya to develop a super app for blue collar workers in Indonesia
  Author: Mateen Dalal

Pintarnya, a job upskilling platform based out of Indonesia, has reportedly announced that it plans to develop a new app for the 60 million blue-collar workers of Indonesia who often face uncertainty and scams while lo...

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Russia-Ukraine war puts UK fish & chips industry in severe jeopardy
  Author: Mateen Dalal

The on-going conflict between Russia and Ukraine has adversely affected the fish and chips industry in the United Kingdom, driving the closure of centuries-old shops, sharp price hikes, and change in menus. ...

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U.S Govt. pledges $3.16 bn funding to boost EV battery manufacturing
  Author: Mateen Dalal

The U.S. Department of Energy (DOE) has reportedly announced funds of $3.16 billion from President Joe Biden’s ‘Bipartisan Infrastructure Law’ for bolstering the domestic battery manufacturing and sup...

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Shell trades off Russian retail business to native oil producer Lukoil
  Author: Nikita Chaurasia

Energy giant Shell plans on selling more than 400 petrol stations of its Russian subsidiary Shell Neft to Lukoil, the second largest oil producer in the country after state backed Rosneft. ...

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India joins forces with Italy to boost renewable energy initiatives
  Author: Mateen Dalal

India and Italy have reportedly announced collaboration to onset multiple partnerships across key renewable energy sectors such as biofuels, green hydrogen, and energy storage. In...

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RenewableUK unveils 5GW hydrogen plan to achieve low carbon emission by 2030
  Author: Mateen Dalal

RenewableUK has reportedly announced multiple major policy recommendations in its latest report to assist the Government of the United Kingdom in achieving the target of 10GW less carbon hydrogen by 2030. This will rep...

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Petco, Backcountry partner to launch “Backcountry x Petco” pet gear series
  Author: Nikita Chaurasia

The latest collection of pet gear caters to the needs of outdoor enthusiasts and active dogs Petco Health & Wellness Company, in collaboration with premier ou...

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Bentley to hire 100 engineers to meet Five-in-Five plan to make EVs
  Author: Nikita Chaurasia

Bentley has recently announced a recruitment drive for 100 engineers as the automobile manufacturer is aiming to fulfil its Five-in-Five plan. The applications have begun for 50 job opportunities and will increase in t...

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Spinneys joins UAE initiative ‘Food for Life’ to halve food waste by 2030
  Author: Mateen Dalal

Spinneys has recently become the first retailer to collaborate with the ‘Food for Life’ programme, which is a UAE-based initiative to lead the nationwide transformation towards healthier diets from sustaina...

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GBL to secure a $1.7Bn Affidea deal with Switzerland-based tycoon
  Author: Nikita Chaurasia

Groupe Bruxelles Lambert SA, a Europe based investment company, is on the verge to close a deal to purchase Affidea, a health-care service company from Ernesto Bertarelli, Switzerland’s richest man. ...

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Nokia joins the bandwagon; claims to leave Russian market amid Ukraine war
  Author: Mateen Dalal

Nokia, the famous telecom manufacturer, has announced its exit from the Russian market after the country waged a war against Ukraine. As per credible sources, the move comes amidst ...

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Banana Wave to expand its plant-based dairy portfolio with new funding
  Author: Mateen Dalal

Banana Wave, a leading banana-and oat-based milk alternative made by Mylk Brands, has received funding from Eat and Beyond Global. As the increase in dairy shortages upset the indus...

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Google Cloud unveils Big Lake- a latest cross- platform data storage engine
  Author: Nikita Chaurasia

Google, at its Cloud Data Summit, has announced the launch of BigLake, a new data lake storage engine which makes analysing data in data lakes and warehouse easy for businesses. The...

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Apple Inc. rumored to launch a 9- inch foldable device by 2025
  Author: Mateen Dalal

Speculations have it that Apple might launch a hybrid of iPad and iPhone by 2025 An Apple analyst suspects that Apple might unveil a new foldable model with a 9-inch sc...

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ADQ expands its food & agriculture portfolio with Unifrutti acquisition
  Author: Mateen Dalal

ADQ, a leading Abu-Dhabi centric holding and investment firm has announced an agreement to acquire a major equity stake in Unifrutti Group, a foremost universal distributor and producer of top-quality fresh produce, fr...

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India & Sri Lanka sign six agreements to boost bilateral cooperation
  Author: Mateen Dalal

India has reportedly signed six agreements with Sri Lanka to propel bilateral cooperation in varied sectors like fisheries, technology, and hybrid power projects, as stated by the Indian High Commission. ...

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Wipro and Pandorum Technologies partner to develop regenerative medicines
  Author: Nikita Chaurasia

Pandorum Technologies, a leading biotechnology firm working towards regenerative medicine and tissue engineering, has announced a long-term partnership with Wipro to speed up the development of regenerative medications...

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Citigroup to hire 900 employees for commercial banking unit in APAC
  Author: Nikita Chaurasia

Citigroup Inc. has announced hiring 900 new employees for its commercial banking unit in Asia Pacific in the coming three years. A huge segment of the new hires will be reportedly directed towards the APAC business of ...

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Xcel Energy promotes electric vehicle adoption in New Mexico
  Author: Mateen Dalal

The electric services company will offer charging, installation, rental, and maintenance services for residential EV owners Xcel Energy, one of the biggest power pr...

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Lotte Food & Lotte Confectionary plan collaboration to boost business
  Author: Mateen Dalal

Lotte Foods and Lotte Confectionery are planning to collaborate to increase profits of their ice cream business by cutting costs in retailing and production. The news allegedly come...

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PAL, IBS Software unite to offer digital solutions to transform staff travel
  Author: Mateen Dalal

Philippine Airlines (PAL) along with its regional associate PAL Express (PALex) have announced collaborating with IBS Software to endow their workers with a brand new, completely digital system to manage and book staff...

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Ukraine receives donations in Bitcoin amidst tensions with Russia
  Author: Nikita Chaurasia

As Russian military announced invasion in Ukraine, people around the world are doing their bit to support the Ukrainian government. To this end, people are donating cryptocurrencies worth $400,000 Bitcoin to Come Back ...

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PTTOR plans $2.9Bn investment by 2026; seeks to boost the F&B biz
  Author: Nikita Chaurasia

Thailand based PTT Oil and Retail Business (PTTOR) BK has announced investing nearly $2.9 billion in the upcoming 5 years to boost their food and beverage business by utilizing the big gas station network. ...

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Siegwerk-Bhiwandi goes 100% mineral-oil free with VEGA inks launch
  Author: Nikita Chaurasia

Germany-based Siegwerk, a foremost global provider of coatings and printing inks for packaging applications and labels, has publicized the launch of its ‘Mineral Oil Free Inks’ range across the Indian marke...

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Kenko Health raises $12 Mn funding to transform healthcare services
  Author: Nikita Chaurasia

Kenko Health, an Insurtech startup, has reportedly raised $12 million in a Series A funding tranche, led by Sequoia Capital India. The financing round also observed participation from previous investors Orios, Beenext,...

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Pfizer likely to spend on M&A deals using COVID-19 vaccine revenues
  Author: Nikita Chaurasia

Investors are reportedly looking forward to ascertaining Pfizer Inc.’s plans for the massive, possibly once-in-a-generation cashflow from COVID-19 vaccines and treatments in 2022, with some hoping that the drugma...

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Netmarble to foray into Metaverse and NFT space with new game launches
  Author: Mateen Dalal

The rapidly growing popularity of the metaverse and NFT market has now roped in South Korean video game developer Netmarble, with the company recently announcing plans to launch new games based on blockchain and metave...

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Singapore’s pandemic recovery logs fastest GDP growth in over a decade
  Author: Nikita Chaurasia

Singapore's economy, in 2021, reportedly grew at its best annual rate in over a decade as the country emerged from its worst recession due to the coronavirus pandemic. As per cr...

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Superyacht sales rise amidst pandemic boom and billionaire splash out
  Author: Nikita Chaurasia

The world is reportedly witnessing an unprecedented surge in the demand for superyachts amidst growing number of billionaires and elevated inclination towards escaping crowds during the COVID-19 pandemic. ...

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Apple may bring car crash detection feature to iPhone, iWatch: Report
  Author: Nikita Chaurasia

Apple is reportedly working on a new feature for its iPhone and iWatch series that will allow the devices to detect a car crash and instantaneously dial 911 in the event of an accident. This crash detection feature cou...

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Californian shoemaker Allbirds aims for USD 2 Bn valuation in U.S. IPO
  Author: Nikita Chaurasia

The company’s net revenue is projected to jump by 32% to USD 62.5 million in Q3 2021. The IPO will be underwritten by Morgan Stanley, BofA Se...

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Facebook testing new option for cross-posting content to Instagram
  Author: Mateen Dalal

Facebook, Inc is reportedly testing an option that will allow users to cross-post their photos, videos, and other posts on their Instagram. It already has the feature to let people cross-post their Instagram content to...

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Tata Motors records 25% jump in global sales in second quarter of 2021
  Author: Mateen Dalal

The automaker’s annual wholesale growth has been around 24%. The company saw a 10% rise in passenger car sales during Q2 2021, as compared to...

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GM hopes to dethrone EV leader Tesla, predicts double revenues by 2030
  Author: Nikita Chaurasia

American multinational automotive giant General Motors Co., to its investors, said that the company aims to double its revenue by 2030 by generating profits from combustion vehicles even while rolling out EVs and new d...

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Volvo looking to bag USD 2.9 Bn in IPO for its electrification efforts
  Author: Mateen Dalal

Swedish automotive giant Volvo Cars is reportedly planning to raise USD 2.9 billion during its initial public offering (IPO) despite the worldwide semiconductor crisis. These funds will help the Geely-owned Volvo in it...

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Marriott planning to expand South Asia portfolio with 22 new signings
  Author: Nikita Chaurasia

Since the past 18 months, Marriott International has reportedly signed 22 new hotel projects in South Asia, comprising Nepal, Maldives, Sri Lanka, Bangladesh, Bhutan, and India. The world’s largest hotelier is lo...

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FedEx Logistics opens new office in Seoul to expand its global network
  Author: Mateen Dalal

FedEx Logistics, a subsidiary of FedEx Corporation that provides specialty solutions, has announced to have launched a new office in Seoul, South Korea. The move echoes the company’s efforts to expand its worldwi...

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E-motorcycle manufacturer Cake raises USD 60 Mn in Series B funding
  Author: Nikita Chaurasia

Cake, a Swedish electric motorcycle manufacturer has reportedly secured USD 60 million in a Series B funding round. The company intends to use the fresh funds to develop manufacturing facilities in Asia, America, and E...

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FloBiz bags USD 31 Mn in Series B round led by Sequoia Capital India
  Author: Mateen Dalal

Indian tech startup FloBiz, which helps in digitizing medium and small businesses, has reportedly raised USD 31 million in a Series B funding which was led by venture capital firm Sequoia Capital India, Think Investmen...

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Volkswagen allies with chipmaker Arm to develop software-defined cars
  Author: Mateen Dalal

German motor vehicle manufacturer Volkswagen Group has reportedly teamed up with England-based semiconductor and software design company Arm Holdings to fuel the development of the software-defined automobile. ...

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Oracle falls short on revenue estimates amid surging cloud competition
  Author: Nikita Chaurasia

Enterprise software giant Oracle missed out on meeting Wall Street’s revenue expectations for the first quarter. Even the company’s shares dropped by 1.4% during extended trading after disclosing its quarte...

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Grocery delivery startup Cajoo bags USD 40 million in Series A funding
  Author: Nikita Chaurasia

French grocery delivery startup Cajoo has reportedly raised USD 40 million in a Series A funding round which was led by supermarket major Carrefour SA. The funding round also involved a troupe of prominent investors su...

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Tencent annuls its exclusive music deals following regulatory clampdown
  Author: Nikita Chaurasia

Tencent Holdings has reportedly terminated all its exclusive music copyright agreements after Chinese regulators prohibited it from making such deals last month. As per a statement ...

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Elastic teams up with Cmd to facilitate deep cloud workload visibility
  Author: Nikita Chaurasia

Elastic NV, the company behind the Elastic Stack, has announced that it has agreed to buy Cmd, a Canada-based security company specializing in infrastructure detection and response. ...

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Airline startup Breeze Airways bags USD 200Mn in Series B funding round
  Author: Nikita Chaurasia

American airline Breeze Airways has announced securing USD 200 million in a Series B funding round led by accounts and funds handled by Knighthead Capital Management LLC and BlackRock Inc. The company aims to use the f...

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eBay forecasts lackluster sales amidst slowdown of the pandemic boom
  Author: Nikita Chaurasia

eBay Inc. has recently forecast its current-quarter revenue below market estimates, indicating that vaccine rollouts and reopening economies could bring an end to the pandemic instigated shopping boom. ...

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Chevrolet Camaro could be replaced by a potential all-electric sedan
  Author: Mateen Dalal

Reportedly, General Motors Company is planning to replace the Chevrolet Camaro with an all-electric performance sedan in a few years with the existing model likely to be phased out by 2024. ...

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SPAC Stonebridge Acquisition raises USD 200 million during U.S. IPO
  Author: Nikita Chaurasia

The India-focused SPAC intends to reach its target within 12-16 months. The fresh funds will be used to acquire Indian businesses valued between US...

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Immersive Labs to use freshly secured USD 75 Mn for global expansion
  Author: Nikita Chaurasia

Immersive Labs, a cybersecurity training platform, has reportedly secured USD 75 million in a Series C funding round that was led by Insight Partners. The U.K.-based startup has now raised USD 123 million to date. ...

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IPO-bound Zomato to shift its entire fleet to electric vehicles by 2030
  Author: Mateen Dalal

Indian food delivery startup Zomato has committed to shifting its entire delivery fleet to electric vehicles by the year 2030. The company has also joined the global electric mobility initiative EV100 of the Climate Gr...

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Texas law prevents Tesla from selling state manufactured EVs to Texans
  Author: Mateen Dalal

Electric-automobile giant Tesla Inc. may have to go through a tedious procedure of shipping its Texas-manufactured cars to other states before it can sell them to Texans, due to state laws banning car manufacturers fro...

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Yalo bags USD 50 million in B Capital Group-led Series C funding round
  Author: Mateen Dalal

Yalo, a conversational commerce platform, has reportedly secured USD 50 million during a Series C funding round which was led by B Capital Group, a Hong Kong-based venture capital company. The company has raised USD 75...

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Amazon to retire its standalone 2-hour delivery app Prime Now globally
  Author: Mateen Dalal

Prime Now’s 2-hour delivery feature will soon be available on the main Amazon app. Amazon intends to provide users a unified platform for all...

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Amazon faces 5 lawsuits on grounds of discrimination and reprisal
  Author: Mateen Dalal

Amazon is reportedly facing five new lawsuits on the pretext of discrimination and retaliation at work, mostly from white male managers. Present and previous Amazon warehouse and co...

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Italian regulator fines Google €100 million for abusing market position
  Author: Nikita Chaurasia

Google is facing a USD 123 million fine from the Italian competition regulator for misusing its market position. The case is specifically related to Google’s in-car operating system, Android Auto. ...

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U.S. government to help Colonial Pipeline recover from a cyberattack
  Author: Mateen Dalal

Reportedly, the U.S. government is closely working with Colonial Pipeline, a prominent fuel pipeline provider, to assist it in recovering from a ransomware cyberattack that forced the company to shut down a vital fuel ...

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Shift Technology secures USD 220 million during Series D funding round
  Author: Nikita Chaurasia

The French startup has now surpassed the USD 1 billion mark. The fresh investments will be used to expand its product portfolio. ...

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Microsoft considered reducing Xbox Store fee to revive console gaming
  Author: Mateen Dalal

Multinational tech-giant Microsoft was reportedly looking to lower its Xbox store commission fee to a meager 12% from the previous 30%, as per confidential documents submitted in the Epic Games and Apple case. ...

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Microsoft Teams hits 145 million daily active users amid the pandemic
  Author: Nikita Chaurasia

Reportedly, Microsoft Teams currently has 145 million daily active users, demonstrating a 26% increase in user base since October last year when the tech giant had reported 115 million daily active users. ...

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Iron Mountain to expand service reach in India with Web Werks alliance
  Author: Mateen Dalal

Iron Mountain Inc., the Boston-based enterprise information management services provider, has reportedly entered a joint venture agreement with Web Werks to expand its data center footprint in India. ...

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Nokia partners with LG Uplus to expand 5G coverage in South Korea
  Author: Nikita Chaurasia

Finnish telecommunications giant Nokia Corporation has reportedly signed a joint venture agreement with LG Uplus, a prominent cellular carrier, to expand 5G coverage in South Korea. ...

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U.S. DOJ to intensify review of American Airlines-JetBlue partnership
  Author: Mateen Dalal

American Airlines and JetBlue had announced their partnership in July last year. According to the Justice Department, the deal may cause inflated f...

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Ford takes on GM, Tesla by debuting its first hands-free driving system
  Author: Nikita Chaurasia

Ford Motor Company, the American multinational automaker, is reportedly planning on introducing a hands-free driving feature on its 2021 Mustang Models as well as 2021 F-150 pickup truck through a software update, by t...

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Twitter explored USD 4 billion takeover of audio-chat app Clubhouse
  Author: Mateen Dalal

Twitter, an American microblogging service company, had touted plans of acquiring Clubhouse, an audio chat iPhone app and live drop-in audio networking platform. The deal was estimated to be valued at around USD 4 bill...

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Beyond Meat sets up factory in China to expedite localized innovation
  Author: Mateen Dalal

American plant-based meat substitute producer Beyond Meat has opened a new production facility in China. Apparently, this recent setup is the company’s first facility outside the U.S., making it the only multinat...

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Mitsubishi Heavy Industries opens a new technical center in Singapore
  Author: Mateen Dalal

Japanese multinational engineering, electrical equipment, and electronics firm, Mitsubishi Heavy Industries Engineering Ltd. (MHIENG) has reportedly set up a new Technical Service Center in Singapore within MHI-AP (Mit...

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LG to wind down its smartphone division after failing to find a buyer
  Author: Nikita Chaurasia

LG Electronics Inc., a South Korean multinational electronics company will reportedly be winding up its loss-making smartphone division after failing to find a buyer for the same. This makes LG electronics the first ma...

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Snap Inc. planning to launch new AR glasses along with an alleged drone
  Author: Mateen Dalal

Snap Inc., the parent company of the renowned multimedia messaging platform Snapchat, is reportedly planning to continue its foray into the hardware device industry by launching augmented reality (AR) glasses dubbed as...

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Carlyle Aviation Partners to acquire Fly Leasing for USD 2.36 billion
  Author: Nikita Chaurasia

American institutional investment manager Carlyle Aviation Partners is reportedly planning to acquire Fly Leasing Ltd., an Ireland-based aircraft leasing investment company for USD 2.36 billion. ...

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Elevation Capital-led Series A round helps FloBiz raise USD 10 million
  Author: Nikita Chaurasia

FloBiz, a tech startup that provides a billing and accounting application for SMBs (small and medium businesses), has reportedly secured USD 10 million funding in a Series A round led by Elevation Capital. Sources clos...

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UK food delivery firm Deliveroo aims for up to £8.8B valuation for IPO
  Author: Mateen Dalal

Online food delivery company, Deliveroo, is reportedly targeting a valuation that ranges between £7.6 billion and £8.8 billion when it lists it’s shares on the London stock market. The company has ann...

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