Leap raises $17M in Series B funding round led by Jungle Ventures
  Author: Mateen Dalal

Leap, a technology-driven asset pooling startup, has reportedly secured $17 million in a Series B funding round led by Singapore-based Jungle Ventures. This latest funding round also includes participation from other investors namely Owl Ventures ...

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Xiaomi shares drop by 7.1% after raising USD 3.9 billion in equity deal
  Author: Nikita Chaurasia

Shares of Xiaomi Corporation, a Chinese multinational electronics company, witnessed a 7.1% drop during Hong Kong trading after the company secured USD 3.91 billion in fund raising which also included the city’s ...

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SSE, National Grid, Scottish Power unite to build electric superhighway
  Author: Nikita Chaurasia

Eastern Link superhighway will set off from Torness and Peterhead. The project will reportedly utilize some of the world’s longest subsea hig...

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Alibaba generates revenues worth USD 74 billion in Singles Day sale
  Author: Mateen Dalal

Alibaba, a Chinese multinational technology company, has reportedly generated sales worth USD 74 billion in its post COVID-19 Singles’ Day shopping extravaganza. The recent development follows the company recentl...

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Firstsource teams up with Uniphore to offer unique AI-based solutions
  Author: Nikita Chaurasia

Firstsource Solutions Limited, which is owned by a global Business Process Management (BPM) services provider RP-Sanjiv Goenka Group, has reportedly declared its partnership with Uniphore, a prominent service provider ...

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JPMorgan raises its stake in Chinese securities business to 71%
  Author: Nikita Chaurasia

JPMorgan Chase & Co., a U.S.-based multinational investment bank and financial services provider, has reportedly raised its stake in a Chinese securities business to secure 71% stocks. Sources with knowledge of the...

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Sony witnesses high demand for Play Station 5 through preorders
  Author: Nikita Chaurasia

Japanese multinational conglomerate Sony Corporation has reportedly witnessed a high demand for its PlayStation 5 (PS5) console with the pre-orders coming in at an unexpected pace. ...

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Flybe’s flight services to be revived by Thyme Opco post acquisition
  Author: Nikita Chaurasia

COVID-19 restrictions pushed Flybe into administration in March 2020, putting over 2,400 jobs at risk. The acquisition will allow Flybe to restart ...

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Microsoft to allow ‘hybrid workplace’ setting amidst COVID-19 outbreak
  Author: Nikita Chaurasia

  The company plans to allow more staff to work from home to boost flexibility. Employees who chose to permanently work from home will...

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Nikola’s shares plunge, SEC & DOJ to investigate to fraud allegations
  Author: Nikita Chaurasia

  SEC and DOJ are investigating Hindenburg’s claims that Nikola misled its investors Nikola’s shares plunged by 8.3% and r...

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Mastercard and HSBC team up to boost sustainable urban development
  Author: Nikita Chaurasia

Mastercard Inc., an American multinational technology firm, reportedly announced its partnership with HSBC Holdings plc, one of the leading banking & financial services provider company. Sources aware of the develo...

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Mammoth response to Kakao Games IPO amidst soaring 2020 returns
  Author: Nikita Chaurasia

Kakao Games Corp., a South Korean video game publisher, is all set to become the most sought-after Korean IPO, drawing nearly 1500 over-demand from institutions for the offered price of USD 20.3. It hit an al...

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Hyundai Wia Corp. signs gun parts export contract with BAE Systems
  Author: Mateen Dalal

Hyundai Wia Corp., a South Korea-based defense firm, has reportedly signed gun parts export contract with BAE Systems plc of worth USD 100 million via a pre-value accumulation system. As per the agreement, Hyundai Wia ...

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FDA’s approval of using convalescent plasma boosts Korean biotech stocks
  Author: Nikita Chaurasia

As per authentic sources, South Korean biotech and pharmaceutical stocks recovered following FDA’s (U.S. Food & Drug Administration) approval of using convalescent plasma for treating COVID-19 patients. ...

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Top Indian carrier IndiGo reckons to not book profit till 2022
  Author: Nikita Chaurasia

  Indian low-cost carrier IndiGo is not expecting vast gains in the next 18 months. At present, the airline is flying at 32% of its capacity. This figure is ex...

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K-pop label Big Hit shows 27% surge in profits amid COVID-19 outbreak
  Author: Nikita Chaurasia

Big Hit Entertainment, the South Korea-based management company behind the renowned K-pop group BTS, has reportedly witnessed an 27% upsurge in biannual profits. Sources with releva...

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Lyft follows Uber in exiting California if forced to comply with AB 5
  Author: Nikita Chaurasia

John Zimmer, CEO of the American ride-hailing service Lyft, has recently threatened to shut down all operations in California, following the footsteps of its competitor Uber. This move comes along the heels of the laws...

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Hobbycraft reveals 200% upturn in online sales amid COVID-19 outbreak
  Author: Nikita Chaurasia

U.K.-based arts & crafting products supplier Hobbycraft has reportedly revealed a 200% growth in internet sales since the emergence of the COVID-19 pandemic. The company claimed that their consumer base has expande...

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Google partners with Singapore authorities to launch Skills Ignition SG
  Author: Nikita Chaurasia

Google LLC and Singapore-based public entities such as Infocomm Media Development Authority, Economic Development Board, and SkillsFuture (SSG), have reportedly started a joint skills training and new jobs initiative c...

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Singapore’s ESR and Sabana REIT propose merger amid pandemic
  Author: Mateen Dalal

Although the economic impact of the ongoing COVID-19 has significantly impacted prospects for Singapores REITs (Real Estate Investment Trusts), it seems that some resilient spots in the real estate sector will remain w...

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Centuria announces Augusta Capital takeover offer to be unconditional
  Author: Mateen Dalal

  Acceptance to takeover represent 65.86% of Augusta’s shares Takeover provide shareholders with NZ$0.22 in cash and 0.392 Centuria stapled securities for every share of Augusta Centuria’s assets...

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Rolls-Royce ends the salary pension scheme earlier than expected
  Author: Nikita Chaurasia

Reportedly, Rolls-Royce, a subsidiary of German group BMW, is planning to close its final salary pension scheme 4 years earlier to ease up pressure mounted by the grounded aircrafts. ...

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GNC files bankruptcy, plans to shut 800 to 1200 stores in the U.S.
  Author: Mateen Dalal

GNC (General Nutrition Centers), a renowned herbal and vitamin supplement retailer, has reportedly filed papers for bankruptcy in U.S. The company also plans to shut approximately 800 to 1200 of its store locations and...

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Yes Bank plans to raise a capital of USD 1 billion through shares
  Author: Mateen Dalal

Mumbai based Indian public bank, Yes Bank Ltd., is reportedly preparing to secure around USD 1 billion in public funding round in order to boost its capital strength. If reports are...

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Jaguar Land Rover to lay off up to 1000 employees in UK amid COVID-19
  Author: Nikita Chaurasia

Jaguar Land Rover, a British multinational automotive giant, recently announced to let go around 1,000 agency staff in UK after suffering a humongous loss of £500 million in three months spanning the COVID-19 pan...

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Singapore Airlines successfully raises $10bn amid COVID-19 fallout
  Author: Mateen Dalal

Singaporean flag carrier airline, Singapore Airlines, has reportedly announced that it has successfully raised $ 10 billion in fresh liquidity via its recent rights issue amid the unprecedented crisis caused by COVID-1...

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SpaceX raises $346 million a day before its debut astronaut mission
  Author: Mateen Dalal

SpaceX recently raised about $346.2 million in the latest funding round just a day before it launches its latest manned spacecraft to the International Space Station. This launch of the first crewed mission from NASA&#...

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New Leaf Brands buys 100% Share in Digital Health Platform Mindleap
  Author: Mateen Dalal

  New Leaf Brands has signed an LOI to become a 100% shareholder in Mindleap for CAD $3,500,000 CEO of Mindleap Nikolai Vassev says that this will help th...

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WISeKey inks a financing deal with Swiss investment firm Nice & Green
  Author: Mateen Dalal

WISeKey International Holding Ltd., a Swiss-based IoT and cybersecurity firm, has recently announced that it has inked a deal for the Issuance and Subscription of Convertible Notes with specialty investor, Nice & G...

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Apple acquires live event recording and VR broadcaster NextVR
  Author: Nikita Chaurasia

Apple has recently confirmed that it has acquired NextVR, which is a virtual reality startup that specializes in recording live events such as sports matches and concerts for  VR experience. The announcement made ...

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Commonwealth Bank sells 55% stake in Colonial First State to KKR
  Author: Mateen Dalal

Australian banking major Commonwealth Bank announces the sale of majority stake in its investment subsidiary Colonial First State. 55 per cent of the stake in CFS has been sold to KKR, a private equity firm, for $1.7 b...

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NBCU launches online shopping cart to delve in shoppable content
  Author: Mateen Dalal

Comcast Corp conglomerate NBCUniversal is planning to delve further into shoppable content since the COVID-19 crisis is proving itself to be a never-before-seen blow to retail. The media company would soon go live with...

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Patreon sacks 30 employees owing to COVID-19 related financial crunch
  Author: Nikita Chaurasia

Owing to the recent COVID-19 pandemic, many businesses across the globe have been severely affected. One of these organizations is Patreon, a California based membership platform that provides business tools for creato...

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Eros International share prices shoot up by 10% post STX merger
  Author: Nikita Chaurasia

Eros International’s share prices shot up by 10% in morning trade on April 20 post the announcement made by the company regarding the all share merger with STX Entertainment from Hollywood, to be able to create a...

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SpiceJet plans to send employees on unpaid leave amid COVID-19 crisis
  Author: Mateen Dalal

SpiceJet, an Indian low-cost airline, has reportedly decided to send employees with monthly earnings of more than ₹50,000 on unpaid leave on a rotational basis. This arrangement occurs in line with the suspension of flight services till May ...

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Govt. of Australia to subsidize Virgin & Qantas domestic flights
  Author: Nikita Chaurasia

Amidst the effects of coronavirus and its impact on the national economy, the Australian government has planned to underwrite domestic flights operated by Virgin Australia and Qantas. Sources claim that the move would ...

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Bunnings Warehouse launches a range of fitness equipment online
  Author: Mateen Dalal

The retail giant will be selling equipment like rowing machine, treadmills, cross trainers, and exercise bikes starting at $349. Bunnings Warehouse, an Austral...

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DoorDash plans to lower or waive commission fees for restaurateurs
  Author: Mateen Dalal

The decision of the company will enable independent restaurants stay afloat at the time of this pandemic DoorDash has promised up to USD 20 million...

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EMQ to extend financial service operations across 18 African countries
  Author: Mateen Dalal

·         Enhanced mobile solutions to over 30 million African customers living outside their country · &...

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The US Air Force presents $3 mn award to AFIMSC innovation project
  Author: Mateen Dalal

The project will use drones and machine learning to bring a paradigm shift in the way the Air Force Civil Engineer Center collates data.   ...

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Slate Retail REIT declares buyout of 7 grocery anchored properties
  Author: Nikita Chaurasia

The acquisition agreement is inked at a valuation of USD 106.5 million. Under the agreement, REIT would be able to extend its relationship with pro...

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Phoenix Lending announces the launch of novel Stable Income Products
  Author: Mateen Dalal

Digital asset platform Phoenix Lending has recently unveiled its new Stable Income Product with free debit card. This move comes along the heels of the keen participation witnessed by lending products in February 2020....

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Pyxus inks agreement with Turning Point to initiate PMTA submission
  Author: Mateen Dalal

Pyxus International, Inc., one of the leading value-added agricultural companies in the world, has reportedly collaborated with Turning Point Brands, a leading company in OTP (Other Tobacco Products) and adult consumer...

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Wistron plans to assemble major iPhone components in its Indian plant
  Author: Mateen Dalal

The company will be taking up the manufacturing of iPhone 8 and 7 models after getting fully operational by April. Apple has long been planning to expand its mobile...

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Sorrento turns down $1B acquisition proposal from private equity firm
  Author: Mateen Dalal

Sorrento Therapeutics, a clinical stage biopharmaceutical company developing new treatments for cancer and autoimmune diseases, has reportedly rejected a takeover proposal from an unnamed private equity fund. ...

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Bird secures a $75 million investment and buys escooter startup Circ
  Author: Mateen Dalal

Bird, the Santa Monica based bike and electric scooter company, reportedly along with a $75 million series D funding round, has also confirmed the acquisition of Circ, an escooter operator, for an undisclosed number. N...

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Isracann announces to enter into MoU for European distribution
  Author: Mateen Dalal

Isracann Biosciences, Inc., an Israel-based specialty pharmaceutical company, announced that it has entered into a Memorandum of Understanding (MoU) for a distribution agreement to serve major legalized cannabis m...

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Sims Recycling confirms ISO 27001 certification for Noida facility
  Author: Nikita Chaurasia

SRS clients will be assured about the secure management of their IT and electronic assets by the information security management standard Sims Recycling Solutions (...

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NTT Data Services inks a definitive agreement to acquire Flux7
  Author: Nikita Chaurasia

NTT Data Services, a U.S.-based IT service provider, has reportedly inked a definitive agreement to acquire AWS premier consulting partner, Flux7 to accelerate and expand the company’s capabilities to bring IT wo...

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Cryptocurrency platform Binance acquires dApp startup DappReview
  Author: Mateen Dalal

Binance, a renowned cryptocurrency exchange platform where more than 100 cryptocurrencies are traded, reportedly announced the acquisition of DappReview, an evaluation platform offering advertising and data-driven rese...

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MedinCell secures $19Mn grant from Bill & Melinda Gates Foundation
  Author: Nikita Chaurasia

MedinCell S.A., a French pharmaceutical company, has signed an agreement with the Bill & Melinda Gates Foundation for an additional $19 million that would be offered over the next four years. The arrangement focuse...

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Enviva gets green signal to install voluntary Air Quality Equipment
  Author: Mateen Dalal

The world’s largest producer of wood pellets Enviva Partners, LP (“Enviva”) received green signal from the Virginia Department of Environmental Quality (“Virginia DEQ”) to install voluntar...

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Salesforce to use Amazon’s cloud to enhance call center services
  Author: Mateen Dalal

Salesforce will use Amazon Web Services’ technology to turn customer’s spoken words into text.   The partnership will bring...

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AeroCentury sells one of its four Bombardier CRJ900 aircraft to ASI Aero
  Author: Nikita Chaurasia

AeroCentury Corp., an aircraft operating lessor and finance company, has recently sold a Bombardier CRJ900 to aircraft manufacturer and component supplier Aeronautical Support International LLC (ASI Aero) through affil...

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Intuit launches QuickBooks Live to connect SMBs with the bookkeepers
  Author: Mateen Dalal

Software company unveiled its novel QuickBooks Live Bookkeeping service to bring together the small & medium scale business and the accountants and bookkeepers.   ...

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Autonomous mobility startup Metawave closes series A funding round
  Author: Mateen Dalal

  The investment aims at carrying out development of smart radar mechanisms for autonomous cars Metawave ...

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Aerospace company Erickson bags $996M SOF/PR Defense Contract
  Author: Nikita Chaurasia

Erickson Inc., one of the leading aerospace and aerial services provider, has been providing best-in-class aviation services for national security, defense, MRO and manufacturing sectors for years. The company aims to ...

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Waymo tests its rider only robot-taxi service in Phoenix, Arizona
  Author: Mateen Dalal

Waymo LLC, Alphabet Inc.’s self-driving technology development unit, reportedly announced that the company is now providing limited rider only robot-taxi service in Phoenix, Arizona for a few early users of its r...

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GKN Powder Metallurgy acquires printing service provider FORECAST 3D
  Author: Mateen Dalal

Additive manufacturing technology is considered to hold the potential to revolutionize the way products are manufactured, designed, and supplied. With each passing day, 3D printing is becoming an effective manufacturin...

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Hyundai plans to raise stake in China’s Sichuan Hyundai Motor
  Author: Mateen Dalal

Hyundai Motor Company identifies the significance and impact of automobiles, and strives to fulfill its goals by creating new and advanced vehicles that addresses all the vital issues faced by drivers. The automob...

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TransPerfect expands its portfolio by acquiring Sublime Subtitling
  Author: Mateen Dalal

With decades of hard work and hands-on experience, TransPerfect has managed to become one of the largest global providers of technology and language solutions for companies worldwide. With over 5,000 global organizatio...

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Altran to launch a Digital Therapeutics Innovation Center in Boston
  Author: Mateen Dalal

Digital therapeutics are evidence-based interventions conducted by advanced software programs to manage, treat or prevent clinical disorders. Its adoption has augmented the whole medical industry, making...

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Hain Celestial sells Arrowhead Mills and SunSpire to Hometown Food Co.
  Author: Mateen Dalal

Global organic chocolate market is witnessing a substantial growth due to the increasing health consciousness among customers as well as the growing demand of quality food. Owing to these reasons, the global food indus...

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Nine Entertainment attains 90% stake in radio group Macquarie Media
  Author: Mateen Dalal

The media industry has become a very competitive space lately. Especially in today’s age where consumers crave quality content, small startups have turned out to be a serious contender in this sector. In ord...

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Udaan raises $585Mn in a Series D investment round led by Tencent
  Author: Mateen Dalal

India’s unicorn startup club has been inducting new members to its ranks at an unprecedented rate over the past couple of years. Recently, unicorns, private startups valued at US$1 billion or more, have been emer...

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Japan’s SoftBank amid plans to invest in venture capital funds
  Author: Nikita Chaurasia

The conglomerate plans to mark its presence in Latin America by investing in venture capital funds, with a strategy to deploy nearly $500 million in five to 10 funds. ...

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Lyft partners with SambaSafety to improve driver monitoring solution
  Author: Mateen Dalal

The venture will offer real-time alerts of bad driver activity, thorough state motor vehicle record data and Driver scoring designed according to Lyft's safety standards. ...

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TG Manufacturing acquires contract manufacturing firm TurnKey
  Author: Nikita Chaurasia

TurnKey presently supplies a varied group of consumers in the industrial laboratory, defense and gaming industries among others. Using TGM’s ...

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Paxos rolls out new crypto-asset that is redeemable for physical gold
  Author: Mateen Dalal

Every PAX Gold token would be backed by one London Good Delivery gold’s fine troy ounce which will be stored in official vault facilities across London.   ...

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Google shifting Pixel smartphone production to Vietnam from China
  Author: Nikita Chaurasia

The company aims establish a low-cost supply chain across Southeast Asia which will work as a springboard for its increasing hardware ambitions. Th...

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Panera ties-up with delivery aggregators UberEats, GrubHub & DoorDash
  Author: Mateen Dalal

Leading bread brand Panera Bread has reportedly struck up a partnership with three third-party delivery services – UberEats, GrubHub and DoorDash. Aside from Panera’s ow...

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Ride-hailing operator Grab set to make major investment in Vietnam
  Author: Nikita Chaurasia

Leading Singapore-based ride-hailing service provider Grab is reportedly gearing up to make an investment of “several hundred million dollars” in Vietnam which it considers to be the next prominent growth m...

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Spirit Banner & Ion Energy ink new business combination agreement
  Author: Mateen Dalal

After the completion of the business combination, a Spirit Banner subsidiary will merge with Ion Energy and change its name to Ion Energy Holdings Inc.   ...

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South Korea’s KCGI is looking to acquire a stake in Asiana Airlines
  Author: Mateen Dalal

Asiana Airlines is expecting to receive its initial bids in September accompanied by binding bids in October. Korea Corporate Governance Improvement (KCGI), South K...

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Delta and Virgin Atlantic to expand transatlantic services by 2020
  Author: Mateen Dalal

This will be the first time that both the carriers will be serving Gatwick airport since their partnership in 2014 British airlines Virgin Atlantic and the American...

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Ola acquires AI firm Pikup.ai to further enhance its deep tech skills
  Author: Mateen Dalal

Startup Pikup.ai utilizes automated technologies like sensor fusion, computer vision, and Artificial Intelligence to offer AI-based solutions for businesses.   ...

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SAIC partners with Espressive to offer next-gen IT solutions
  Author: Mateen Dalal

Science Applications International Corp. (SAIC), an American IT firm that provides government services, is collaborating with Espressive, a California-based tech company that has developed AI technology for employ...

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Electric scooter rental Bird 'flies' above $2.3B funding valuation
  Author: Mateen Dalal

Sequoia Capital may lead the upcoming funding round for Bird. It is expected to increase the startup's valuation by $0.2 billion. ...

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McDonald’s announces partnership with DoorDash for McDelivery services
  Author: Mateen Dalal

McDonalds, the American fast food chain, recently announced expansion of its delivery options with inclusion of a new delivery partner, DoorDash and has ended its exclusive partnership with UberEats, cite sources. ...

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Motorola enhances video security solutions portfolio with new buyout
  Author: Mateen Dalal

The acquisition aims at adding new features and enhancing Motorola’s existing video security solutions portfolio. Motorola – the Americ...

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Accenture announces addition of 600 jobs to Chicago operations by 2022
  Author: Nikita Chaurasia

Accenture plc, the leading professional services company that provides services in consulting, operations, strategy, digital and technology has recently announced the addition of 600 jobs to its Chicago operations by 2...

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Taku Gold acquires high-grade Portland Gold Project in Yukon
  Author: Mateen Dalal

The acquisition will support Taku’s strategy to capitalize on high-value exploration prospects within the White Gold District. Canada’s gold explor...

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Teijin Ltd to buy European auto component supplier Benet Automotive
  Author: Nikita Chaurasia

The acquisition will strengthen Teijin’s sales channels in Europe along with solution development abilities Teijin Limited, a Japanese technology driven group...

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EnPro acquires the Aseptic Group to expand fluid handling portfolio
  Author: Nikita Chaurasia

Acquisition of Aseptic Group represents the ongoing commitment towards investing in the biopharmaceutical and pharmaceutical industries EnPro Industries, a leading ...

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Orkla Food Ingredients inks agreement to buy Confection by Design
  Author: Mateen Dalal

Orkla Food Ingredients through its whole-owned arm, NIC Enterprises Limited signed an agreement with the British-based fudge and toffee manufacturer. The financial details for this deal have not been disclosed by the c...

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Kitty Hawk to partner with Boeing on the development of flying taxis
  Author: Nikita Chaurasia

The company aims to provide flying taxi services through the two-seater Cora, that can be simply summoned using an app Kitty Hawk Corporation, an American aircraft ...

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Amazon Air to commence flights to Anchorage International Airport
  Author: Nikita Chaurasia

Amazon Air recently announced that it plans to begin flights to Ted Stevens Anchorage International Airport. The airport published a post on twitter, confirming that the carrier will operate daily services to the Alask...

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JetBlue to add long-range Airbus jets to expand services to Europe
  Author: Nikita Chaurasia

·         JetBlue, in April, had given confirmation of its first service to Europe starting 2021 ·&nbs...

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Harley-Davidson inks deal to make smaller motorcycles in China
  Author: Mateen Dalal

The new bikes would have a 338cc engine, by far the smallest engine model Harley has ever made, and will be sold in China by late 2020. American motorcycle manufact...

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MobiKwik, DT One team up to offer mobile recharge services worldwide
  Author: Nikita Chaurasia

It will be the first time DT One will have mobile recharge originating from India through their network MobiKwik, an India based fintech platform, recently announce...

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