About Author : Pankaj Singh

Pankaj Singh

With an experience as an insurance underwriter and a freelance writer under his belt, Pankaj Singh boasts of quite some expertise in the field of content creation. A qualified Post Graduate in Management, Pankaj has also completed a detailed course in Digital Marketing. Currently, he works for intelligencejournal.com, contributing insightful pieces across myriad professional domains.



Contribution by Pankaj Singh

Escorts amps CAPEX to $51Mn for FY23; expects high e-tractors exports

Escorts Ltd., an Indian engineering company that operates in the sectors of agricultural machinery, construction machinery, and railway equipment, has reportedly arranged CAPEX of around Rs 400 crore (USD 51 Million) for the current financial year in...

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Hillstone unveils cloud workload protection platform ‘CloudArmour’

Hillstone Networks, an IT service management company, has recently announced the launch of its all-inclusive cloud workload protection platform (CWPP), Hillstone CloudArmour. According to sources, CloudArmour offers Hillstone’s enterprise-grad...

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Whatfix announces takeover of Leap.is to extend mobile capabilities

Whatfix, a SaaS-based platform that offers in-app guidance & performance support for web applications and software products, has recently announced that it is acquiring mobile-first onboarding and assistance platform, Leap.is (formerly known as J...

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Salsify valuation reaches $2 billion after $200Mn TPG-led investment

The digital commerce platform aims for global expansion as the go-to commerce experience management platform Salisfy, a Commerce Experience Management (CommerceXM) platform provider fostering digital shelf advancement for brand manufacturers, retai...

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Hyundai logistic arm inks long-term LNG deal with Australia’s Woodside

Hyundai Glovis has signed 10-year LNG transport contract with Australian petroleum company Woodside The South Korean company has released roadmap for hydrogen value chain development by 2030 Hyundai Glovis, the logistics arm of South Korean auto...

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Innovent announces Phase 1 results of IBI322 monotherapy at AACR 2022

Innovent Biologics, Inc., a biopharmaceutical firm specializing in the development, manufacturing, and commercialization of high-quality medicines, has recently announced IBI322 Phase I study results in patients suffering from advanced solid tumors. ...

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Twitter launches ALT badge and improved image descriptions globally

The platform provides a comprehensive guideline for users to add image descriptions Twitter first launched image descriptions 6 years back American social media company, Twitter has reportedly announced the rollout of its ALT badge along with up...

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Microsoft forays into hybrid Windows with latest cloud-first strategy

For an improved hybrid work experience, Microsoft will add new features to Windows 11 and Windows 365 American tech giant, Microsoft has unveiled its latest strategy and roadmap outlined with the aim of making Windows hybrid – which will provi...

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PhonePe to appoint around 2,800 new employees by December 2022

PhonePe, an online payments platform based in Bengaluru, has recently announced that it will be doubling its employee workforce by December 2022. The company is planning to employ 2,800 people and scale up its employee count to 5,400. As per sources...

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Innovent unveils results of IBI306 clinical trial in Chinese patients

Innovent Biologics, a leading biopharmaceutical firm, has revealed Phase-3 clinical trial outcomes of recombinant human anti-PCSK-9 monoclonal antibody in the patients with HeFH (heterozygous familial hypercholesterolemia) in China. PCSK-9 inhibitor...

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SK Lubricants pumps $25Mn in GRC to boost ‘Carbon to Green’ plan

SK & GRC will jointly design high-grade single phase immersion coolants and liquid immersion cooling systems for data centers The investment partnership will accelerate standardization and commercialization of cooling systems The two parties...

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Vivriti Capital raises $55Mn from Creation Investments & Lightrock India

Vivriti Capital, a marketplace for mid-market enterprises, has reportedly secured around $55 million in its Series C funding round, taking the total funds fundraised till today to $165 million, as per the company. The round was headed by existing in...

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Swiss company Nestle restricts Russian production to essentials only

Brands like Burger King, Carlsberg, Heineken, Mars, McDonald’s, PepsiCo, Starbucks, and Yum Brands have been some of the early food companies to suspend a portion of their business in Russia, responding to the aggressive and abhorring invasion ...

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IT giant Accenture reports strong results in second-quarter for FY22

Accenture, the Dublin-based IT consulting firm, has announced its second-quarter results for the fiscal year 2022, wherein it reported revenue income of around $15 billion, recording a growth of 24% year-on-year in terms of dollars and 28% in local c...

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APAC channel partners pick Blackberry Jarvis to protect IoT software

BlackBerry Limited has recently announced that 13 channel partners which will be offering BlackBerry® Jarvis® 2.0 to organizations that create safe, mission-critical systems in APAC. In transportation, medical equipment or on ...

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HSBC inks partnership with The Sandbox to venture into the metaverse

HSBC, a British multinational investment bank and financial services holding company, has reportedly entered a partnership with The Sandbox, an arm of Animoca Brands, to foray into the metaverse. The collaboration will empower the bank to build inno...

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Cowbell Cyber secures $100 million in latest Series B funding round

Cowbell Cyber, an insurance tech startup that develops an AI-based platform for managing risks, has reportedly announced a big round of funding with an aim to tackle increasing cybercrime. The company, which is dedicated to cyber security and offers...

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Everest Medicines to offer primary IgAN treatment in South Korea

Everest Medicines, a late clinical-stage biopharmaceutical company that focuses on developing and commercializing pharmaceutical products in the APAC region, recently announced entering into a licensing agreement with Calliditas Therapeutics AB, a cl...

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Israeli cybersecurity firm Cider Security raises $38 million in funding

Cider Security, a startup that helps firms protect their systems during software development, has reportedly secured $38 million in a Series A investment funding round headed by Tiger Global. Sources close to this move state that Cider Security will...

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Airtel to launch one-of-a-kind credit card in Indian cities and towns

The Google-backed Indian telecom operator has partnered with third-largest private bank in India – Axis Bank Indian telecommunication services company, Airtel has reportedly announced the launch of a credit card, underpinning the latest move o...

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DobiAgriCo adds 12 new greenhouses and expands business operations

From 2020 to 2021, the company added 12 greenhouses as a part of the production expansion target Expertise includes cutting-edge technology models for the cultivation of high-quality crop produce As DobiAgriCo pursues further expansion of its bu...

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India’s Central Board of Direct Taxes accuses Huawei of tax evasion

The income tax department of India has allegedly found Chinese telecom company Huawei being involved in the manipulation of account books for lowering its taxable income in India. The searches were conducted 2 weeks earlier at the residential premis...

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Urban Company’s service partners to win stocks up to $19.8Mn

The company’s partner stock ownership plan (PSOP) will benefit service partners over the next 5-7 years at zero cost The first bit of the total stock awards will be worth $9.9 million and disbursed in the coming 3-4 years Urban Company, a...

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Assam tea industry to set up solar power projects for generating revenue

The tea industry of Assam is amidst plans to set up solar projects in available tea plantation areas and barren lands. Recently, an innovative meet titled ‘Opportunities for solar power plants in tea estates & tea factories’ was set ...

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IBM invests in Quantinuum, forms a significant global alliance

Quantinuum, a machine learning specialist forging new frontiers for quantum computing, has agreed to form an international alliance with IBM, the US-based multinational technology corporation which has invested recently in the Cambridge-based busines...

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ev.energy widens its Series A funding round to $12.8 million

ev.energy, a platform that makes EV charging more affordable, has reportedly stretched its Series A round of financing headed by ArcTern Ventures to $12.8 million. For those unaware, ev.energy help vehicle manufacturers, utilities, and cha...

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Facebooks rolls out new feature on Reels with creative tools & ads

Social media behemoth, Facebook (now Meta) has now made its reels available globally after launching it publicly in the US last September. Facebook Reels will now be available globally in more than 150 countries. The feature, which is an important p...

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HPCL's chairman warns about supply disruptions as crude oil prices rise

MK Surana, HPCL chairman and managing director, has recently warned about potential supply chain disruptions as the crisis between Russia-Ukraine worsens. However, he has expressed that efforts are being made to ensure that the consumers get fuel at ...

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Event trading startup Probo to close $25 million deal in coming weeks

The Series A round will render Probo a valuation at around $100 to $120 million Event trading startup, Probo is approaching a total fund of $25 million in Series A round involving new and existing investors, marking the second funding round for the ...

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Tech Mahindra eyes an 80% stake in AI-based energy firm, Geomatic.AI

Amidst increasing popularity of Artificial Intelligence (AI) across different sectors including medical & healthcare, oil and gas, energy and utilities and others, several industry players are participating in the digital revolution by creating o...

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VMware partners with Nvidia to foray into AI-powered infrastructure

VMware’s now generally available VCF 4.4 platform showcases Nvidia’s AI enterprise suite Unique features of VCF 4.4 include multiple security fixes, flexible upgrades in vRealize products, user activity logging and more VMware spearh...

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Ferrari and Qualcomm partner to augment digital transformation

Qualcomm and its partners will be collaborating with the sports car maker to develop, design, and integrate digital cockpits of Ferraris Ferrari, an Italian luxury sports car manufacturer based in Italy, has announced a strategic technology partners...

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DCGI permits restricted emergency use of Russia’s Sputnik Light vaccine

Sputnik Light Vaccine becomes the ninth vaccine against COVID-19 in India with DCGI approval The Drugs Controller General of India (DCGI) has approved emergency use of single-dose Sputnik Light Covid-19 vaccine in the county, as per an announcement ...

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Krafton invests $5.4 million in Indian game studio, Nautilus Mobile

South Korean gaming company, Krafton – the owner of popular games such as PUBG (PlayerUnknown’s Battlegrounds) or its Indian version dubbed BGMI (Battlegrounds Mobile India) – has invested in JetSynthesys-owned game development stud...

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India’s govt-owned fund NIIF buys FirstCry stock worth $100 million

The National Investment and Infrastructure Fund (NIIF), a sovereign wealth fund in India, led a secondary funding round worth $240 million in ecommerce firm FirstCry with purchase of $100 million in its stocks, wagering for the first time on the nati...

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Bahrain’s Investcorp sells UK industrial assets in a $145Mn deal

Investcorp, a leading provider and manager of alternative investment products, has reportedly completed the sale of a portfolio of 10 logistics and industrial assets in the UK for separating buyers as it wants to cash in on demand for industrial asse...

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Cimic's UGL wins renewable and utility contracts worth $296 Million

UGL, a diversified engineering company based in Australia, has secured a contract for design and works of 88MW solar farm in outback Queensland and the EPC (engineering, procurement and construction) contract for an 87 MW solar farm in South Australi...

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Galvani’s bioelectronic platform reports 1st successful RA treatment

Galvani Bioelectronics, a clinical-stage bioelectronics R&D company, recently announced the first successful treatment of a Rheumatoid Arthritis (RA) patient by stimulation of the splenic nerve done via its novel bioelectronic platform. The inve...

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Covid-19 could end in Europe after the Omicron wave, says WHO

The new Omicron variant has shifted the pandemic into a new phase and could end in Europe, claims WHO Europe Director Hans Kluge recently. Mr. Kluge told sources that it could be possible that the region is heading towards a pandemic endgame, adding...

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Scotland scientists develop AI-based test using X-rays to detect COVID-19

Scientists in Scotland have reportedly created an AI (artificial intelligence) based test that detects COVID-19,accurately, using X-rays in just a few minutes. The testing platform, developed at the University of the West of Scotland (UWS), can detec...

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STG announces launch of Trellix; aims for technological innovation

Symphony Technology Group (STG), an American private equity firm, has recently announced the launch of Trellix. This innovative business will be bringing prolonged XDR (detection and response) to firms while focusing on fastening technology innovatio...

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Chingari secures $15 million funding to strengthen the technological space

Chingari, a video-sharing mobile application, has reportedly raised $15 million in a recent funding round headed by Republic Capital. JPIN Venture Catalysts, Onmobile, and Hill Harbour also participated in the funding round along with the angel inve...

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Ashok Leyland & Aidrivers sign MoU to develop autonomous vehicles

Under this deal, Aidrivers will offer AI-enabled autonomous solutions while Ashok Leyland will offer vehicle platforms Ashok Leyland, an Indian multinational automotive manufacturer, has reportedly entered into a partnership with Aidrivers, an auton...

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T-Mobile debuts rideshare advertising with Octopus Interactive acquisition

T-Mobile US, a US-based wireless network operator, partly owned by German telecommunications company Deutsche Telekom, has announced successful acquisition of Octopus Interactive, a major network of rideshare screens throughout the United States. Ac...

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Anjac to acquire Apollo; aims to boost presence in North America

Post the acquisition of Cosmetix West in 2019, the potential move is likely to strengthen the presence of Anjac in the North American continent France's Anjac Health & Beauty, a French family-owned industrial group and the partner of health ...

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Tuya officially declares support for Matter smart home standard

Tuya Smart, a leading global IoT cloud platform, has officially ensured its support for Matter, an obligation to make sure that the customers and business partners of Tuya can effortlessly join in the new smart home connectivity standard and can...

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Google acquires Israeli cybersecurity firm Siemplify for $500 Million

The deal came after Google’s pledge to the U.S. President Joe Biden last year in August to invest $10 billion in cybersecurity in the coming five years, amid rising cases of data breaches and cyber-attacks Google LLC, an American multinational...

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B2B manufacturing startup Groyyo secures $4.6 Mn led by Alpha Wave Incubation

Groyyo, a B2B manufacturing & automation startup headquartered in Mumbai, India, has recently announced that it has secured $4.6 million in a seed funding round. The funding round was headed by Alpha Wave Incubation, originally known as Falcon E...

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Australia’s most controversial mine nabs its first order for coal cargo

Gautam Adani, Chairman of India’s Adani Group, has recently announced that their company will initiate first shipment of coal cargo from its controversial mine in Australia after ending constant scrutiny led by climate activists with a seven-ye...

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Omicron variant spreading faster; even infecting the vaccinated: WHO

As per recent data by the World Health Organization (WHO), the Omicron variant is spreading rapidly compared to the Delta variant and is causing infection in people who are now vaccinated or who have recovered earlier from the COVID-19 disease. Tedr...

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OfBusiness hits $5Bn valuation, secures $325Mn in latest funding

OfBusiness, a new-age commerce and fintech startup in India, has reportedly secured its 4th financing round this year and is currently valued at about $5 billion. The startup’s Series G financing round of $325 million was led by Tiger Global, ...

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Meta partners with CBSE to foster entrepreneurial spirit in India

Addressing the Fuel for India 2021 event, Mark Zuckerberg, CEO and Founder of Meta Platforms, revealed partnership with Central Board of Secondary Education (CBSE) to offer opportunity to encourage entrepreneurship in India. Zuckerberg claims it wil...

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Accellix to expand infrastructure with latest $10Mn investment

Israel-based biotechnology company, Accellix has announced that it has roped in a $10 million investment from BroadOak Capital Partners which will be used to strengthen its commercial resources and infrastructure development, aiding cell therapy cust...

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Ramsay to enter UK mental health market with $1.4Bn Elysium takeover

Ramsay Health Care, an Australian healthcare giant, has unveiled plans to buy Elysium Healthcare, a leading mental health service provider in UK, for $1.4 billion. Ramsay is optimistic that the recent acquisition will offer it a smoother entry into ...

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MTN announces capital of $1 BN to support Digital Ghana Agenda

MTN Ghana has reportedly assured to spend an enormous amount of US$1 billion-plus on Network Infrastructure and Information Systems (NIIS) in the coming five years for supporting the Digital Ghana Agenda and place Ghana as a leader of Africa's di...

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Omicron more transmissible but less hazardous than Delta- cite Scientists

With various speculations being raised around the coronavirus pandemic, scientists around the world have claimed that the new coronavirus variant, Omicron, is more contagious with 30 mutations on its spike but is said to be not as dangerous as the De...

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Assam government implements new SOP as Omicron cases increase

The government of Assam has recently issued a new SOP that includes mandatory RT-PCR test on arrival for travelers coming from abroad, after the recent news of increasing cases of Omicron variant of COVID-19 in the country. The novel SOP includes a ...

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PVR NEST, Deakin University partner to unveil 'You for Youth'

PVR NEST, the CSR (corporate social responsibility) division of PVR Ltd., and Deakin University, Australia, one of the most advanced international education providers, have cooperatively unveiled 'You for Youth' – a digital campaign ini...

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Telstra is working on new technology to block scam SMS messages

Telstra, an Australian telecommunications company, has reportedly started testing the new technology in the scam messaging space. As per reliable sources, the new technology will block scam SMS messages as the number of scams received by the Australi...

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Surging Covid-19 cases urge use of booster shot vaccines in Europe

Soaring coronavirus cases have broken past records in Europe, once again putting the continent at the epicenter of the pandemic. As a result of unprecedented events, health experts have been stressing upon the need to widen the use of booster shots ...

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Vulcan Energy, Renault sign battery-grade lithium supply deal

Australian lithium developer, Vulcan Energy has unveiled its recent partnership with French automaker Renault, SA. The move marks as the second deal over lithium supply between the two parties. The agreement comes after an anticipated surge in deman...

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Volkswagen plans to double its staff in energy and charging division

German automotive giant, Volkswagen has revealed plans to double its staff at its energy and charging division as well as launch a new payment technology in the coming year and form more partnerships to take on rival Tesla. VW is constantly working ...

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Google to invest $1 billion in Australia over the next 5 years

US tech behemoth, Google has reportedly announced that it will invest around $1 billion in Australia in the next five years. The investment will include its first Australian research hub, amplified cloud capacity, and collaborations with other local ...

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US Treasury Department make ties with Israel to counter ransomware

The US Treasury Department has announced a new partnership with Israel to expand bilateral cooperation for tackling ransomware. The partnership was consolidated at meetings held by the US Treasury Secretary Wally Adeyemo in Israel with Yigal Unna, N...

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Exotel acquires Cogno AI to build AI-powered client engagement platform

Exotel, one of Southeast Asia's largest cloud telephony companies, has acquired Cogno AI, an AI-powered omnichannel cloud communication platform. According to credible sources, the acquisition will help Exotel include conversational AI and co-br...

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L&T, Majesco to accelerate digital transformation for businesses

Insurance technology solutions provider, Majesco is reportedly collaborating with Larsen & Toubro Infotech (LTI) to help clients accelerate their digital transformation journey, deliver personalized customer experiences, and open up new opportuni...

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Hexaware collabs with Duck Creek to help insurers expand digitally

IT service and management firm, Hexaware Technologies has recently announced its collaboration with Duck Creek Technologies, a leading provider of comprehensive P&C insurance software and services for insurers. Under this collaboration, Hexaware...

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Cleanhill partners with CleanJoule over sustainable aviation fuel

Private equity firm, Cleanhill Partners has joined forces with CleanJoule LLC, the leading producer of sustainable aviation fuels (SAF) under which it will provide CleanJoule with strategic, operational and financial resources to bring up to speed th...

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EU opens investigation for Nvidia’s purchase of chip designer Arm

In recent reports, the European Union regulators have announced conducting an in-depth investigation for graphics chip maker Nvidia. The investigation will focus on Nvidia’s $40 billion purchase of chip designer Arm over the growing reports tha...

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Walmart’s recalled aromatherapy spray tests positive for deadly bacteria

According to U.S. Consumer Product Safety Commission (CPSC), an aromatherapy spray sold at Walmart has been tested positive for a hazardous bacteria that is connected to numerous illnesses and two deaths. Walmart has recalled the Better Homes and Ga...

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Novartis lung cancer drug fails to meet endpoints in Phase III trial

Renowned pharmaceutical company, Novartis has recently disclosed that its lung cancer drug ‘canakinumab’ has failed again in meeting its goal of improving overall survival rates in lung cancer patients and preventing progression-free surv...

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Construction sector accountable for 37% of carbon emissions, UN report

A new research by the United Nations shows a grim picture of the climate situation. The report states that 37% of energy-related carbon dioxide emissions are coming from the construction sector. According to the UN, lockdowns imposed worldwide durin...

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Alaska Airlines launches new investment arm to develop mobility tech

Alaska Airlines, a major American airline, has introduced a new venture capital subdivision called Alaska Star Ventures. The launch comes at a time when the aviation sector is looking to develop technologies that help decarbonize air travel. Alaska ...

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Bettervest invests in Oakridge Rooftops to support solar projects

Oakridge Rooftops Pvt. Ltd., a solar energy company based in India, has reportedly secured funding from Germany-based crowdfunding platform, Bettervest Gmbh. The solar firm has raised the funding for urban solar projects in New Delhi. Oakridge CEO, ...

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Databricks buys 8080 Labs to boost its low code/no code offerings

California-based enterprise software company- Databricks has acquired German software startup 8080 Labs that developed bamboolib- a leading GUI for the Python-based Pandas data analysis and manipulation system. The purchase of 8080 Labs makes the fi...

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Google rolls out GNI Advertising Lab for news publishers in India

American tech giant, Google LLC has recently announced the launch of Google News Initiative (GNI) Advertising Lab program for supporting small and medium-sized news publishers that generate original and accurate news for regional and local communitie...

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Emirates & Qantas announce extended partnership until 2028

UAE’s airline major, Emirates has extended its codeshare partnership with Qantas, the flag carrier of Australia, by another five years. The agreement was inked at the IATA’s (International Air Transport Association) Annual General Meetin...

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Kore.ai unveils world's first end-to-end CCaaS solution, SmartAssist

Kore.ai, an AI software company, has recently announced the unveiling of SmartAssist, the first AI-based end-to-end Contact Center-as-a-Service [CCaaS] solution. According to credible sources, the CCaaS solution comprises a Agent Assist virtual assi...

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CVS Health plans to recruit 25,000 people ahead of flu season

American healthcare company, CVS Health Corp. says that it will hire up to 25,000 people for clinical and retail job positions ahead of the flu season at a time when administration of booster COVID-19 vaccination jabs are underway in the United State...

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Dialpad, TelcoDataCloud to extend cloud communication in Australia

Dialpad Inc., a leading name in AI-led communication and collaboration, has joined hands with TelcoDataCloud – an independent telecom service and consultancy company. Through this alliance, both the companies aim at strengthening Australian bu...

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Tesla to form energy traders’ team as it expands battery projects

American EV behemoth, Tesla is reportedly looking to trade energy capacity for which it is putting together a new team of traders to accomplish that precisely with its platform, Autobidder. Autobidder is a control and real-time trading platform for ...

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Gentex Corporation acquires Israel‘s Guardian Optical Technologies

Gentex Corporation, an automotive solution provider, has recently announced the purchase of Guardian Optical Technologies, an Israel-based startup that pioneered a unique, multi-modal sensor technology to deliver a comprehensive suite of driver- and ...

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Amazon to create over 8,000 direct jobs across 35 Indian cities

American e-commerce giant, Amazon has announced hosting its first-ever Career Day in India on September 16, bringing together Amazon leaders to discuss what makes the company a great place to work. Amazon will demonstrate how it is planning to accom...

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Karma introduces B2B electrification programme for commercial operators

Karma Automotive, an American manufacturer of electric vehicles, has recently unveiled a new B2B electrification programme called "Powered by Karma" to assist commercial operators to electrify their fleets more swiftly. The new brand was i...

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DeepSig opens new headquarters in Virginia to meet expansion needs

DeepSig Inc.- a leading name in artificial intelligence and machine learning in wireless communications has reportedly announced the establishment of its new headquarters in Virginia. Based near its 5G Wireless AI Lab, the new headquarters is expect...

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Toutche Electric seeks to invest $15Mn to ramp up e-bike production

Toutche Electric, a manufacturer of electric bikes in India, has recently unveiled plans to invest approximately $15 million in the coming 2-3 years for speeding up the manufacturing of its electric bikes. In an interview, Raghu Kerakatty, CEO and C...

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CSS Corp. to recruit 2,000 employees by end of fiscal year 2022

The firm has already hired employees across India, the Philippines, Costa Rica, China, and the U.S. IT services and tech support solutions provider, CSS Corp. has successfully crossed the employee-mark of 10,000 this month, doubling its workforce in...

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Data exchange platform InfoSum banks $65Mn in Series B funding

InfoSum, a New York-based startup that offers decentralized platform for secure data exchanging, has successfully closed a $65 million Series B funding round directed by Chrysalis Investments, bringing the company's total raised funding to $90 mi...

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OPPO India unveils new camera lab at its R&D center in Hyderabad

The lab will focus on developing new solutions to address difficulties associated with night videography and more Consumer electronics brand, OPPO has recently announced opening a new camera innovation lab at its R&D branch in Hyderabad, India,...

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RTI joins VRARA to improve gaming engine capabilities with RTI Connext

Real-Time Innovations (RTI), one of the leading software framework firms for autonomous systems, has announced that it has joined VRARA (VR/AR Association) to extend the use of RTI Connext® DDS with improved gaming engine connectivity capabilitie...

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Apple mulls Korean EV component makers for its ‘Apple Car’ project

Electric vehicles have long been considered the future of mobility with several tech companies now gravitating towards the development of their own EV brands. Recently, Apple Inc. was said to be in talks with South Korea-based EV component producers ...

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US automakers plan on reaching 50% new EV sales target by 2030

President Biden have called for a $174 billion government investment in electric vehicles, with $100 billion in public incentives in the U.S. Leading U.S. automakers, Ford Motor, General Motors and Chrysler parent Stellantis NV have devised plans to...

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STL joins forces with Facebook for 5G network development

STL will be the first Indian company to work with Facebook’s Evenstar Program on Open-RAN radio systems Sterlite Technologies Ltd. (STL), a firm specializing in end-to-end data network solutions, has announced its collaboration with Facebook t...

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Prevail Electric Mobility to set up new EV production plant in India

Prevail Electric Mobility, a subsidiary of French firm FRVelion, has devised plans to open a manufacturing site in India for e-scooters production to satisfy country’s demand for EVs as well as to cater to other markets of Sri Lanka and Nepal. ...

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Hyundai supports Teslas appeal for lowering EV import duties in India

India's second-largest automaker, Hyundai Motor India has recently backed Tesla's proposal for lower import duties on electric vehicles. In a statement, Hyundai said that any drop in import duties will be a big help to automakers to generate ...

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Unacademy takes over live game streaming platform Rheo TV

Unacademy, an Indian educational technology company, has recently announced the purchase of Rheo TV, a live game streaming platform focused on making professional game streaming a mainstream career choice in India. Launched in August 2019, Rheo...

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Byju's acquires Epic to strengthen footprint in North America

Byju's, a major Ed-tech company based in India, has reportedly taken over Epic, a US-based digital reading platform for kids, in a $500 million deal, with plans to enter the lucrative international market. The acquisition comes over three months...

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Razorpay acquires TERA Finlabs to reinforce B2B credit infrastructure

The acquisition aligns with Razorpay’s goal to develop affordable credit solutions for underbanked small businesses Razorpay, a fintech startup based in India, has recently announced the acquisition of TERA Finlabs, a Bengaluru-based startup w...

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Furlenco unveils furniture subscription service ‘UNLMTD by Furlenco’

Furlenco, a rental company for furniture, has reportedly introduced 'UNLMTD by Furlenco,' the world’s first furniture subscription service. It is an annual subscription service that delivers customers all the furniture and appliances th...

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Chicago-based 86 Repairs raises $7.3 million in a new funding round

86 Repairs, a Chicago-based restaurant tech company, has recently announced securing additional $5.3 million from investors including MATH Venture Partners, TDF Ventures, Revolution, Cleveland Avenue and Gordon Food Service (GFS), As per sources, th...

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Samsung reports high emissions despite using renewable energy

Samsung Electronics' annual sustainability report has revealed that the company generated higher greenhouse gas emissions in 2020 than the previous year. The report states that Samsung's greenhouse gas emissions have risen by 5% over last yea...

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GE outlines plans to support Iraq’s transition to clean energy

General Electric (GE), one of the world’s leading technology firms, has announced a comprehensive “Energy Transition Plan” for Iraq, outlining its innovative strategy to help the country transition to a cleaner future.  A...

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Samsung rolls out its expanded 2021 Odyssey gaming monitor range

Samsung Electronics, one of the leading players in the gaming monitor market, has reportedly announced the commercial launch of its expanded 2021 lineup of Odyssey gaming monitor. Following the launch of its curve-shaped gaming monitor in 2020, the c...

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Indonesia to only sell electric motorcycles and vehicles by 2050

The country is seeking to increase the processing of nickel laterite ore which is used in lithium batteries In a bid to reduce carbon emission levels, the Energy Minister of Indonesia, Arifin Tasrif has announced that the nation is planning to only ...

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Amway announces Rs 170 crore investment in India over 2-3 years

Nutraceuticals giant, Amway, has reportedly made it to the front page following its recent announcement of investing a whopping Rs 170 crore in the Indian sub-continent over the next 2 to 3 years, in an attempt to boost the research and development, ...

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Asceltis receives China IND nod for clinical trials of ASC42 for CHB

Elevating cases of chronic hepatitis B (CHB) has now impelled Asceltis Pharma Inc., a data driven biotech firm in China, to experiment towards developing drugs that can, to some extent, reduce the impact of CHB in the human body. In light of this, t...

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Realme plans to expand into newer TV price segments in India

With TV viewing in the Indian sub-continent slowly becoming a more connected viewing experience, realme, a Chinese electronics company, recently announced extending its foothold into newer price segments, scaling up features and capabilities, and int...

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Breakfast becomes easier with Kellogg’s new cereal vending machine

Serving breakfast was never this easy with Kellogg’s recent launch of a new cereal vending machine. One of the world-leading cereal-making firms, has reportedly partnered with a robotic company, Chowbotics to develop and deploy cereal-making me...

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WhiteFox unveils world’s 1st cloud-based drone detection system, STRATUS

WhiteFox Defense has recently made it to the front page following its revelation of the world’s first cloud based drone detection system, STRATUS. Reportedly, the system is now available in a cloud-based application, allowing every industry to ...

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Ofgem extends $425Mn funding to scale EV charging network in UK

In a bid to accelerate electric charging station infrastructure across the nation, Britain’s energy regulator has sanctioned a USD 425 million (£300 million) investment to support the country’s shift to clean energy. Notably, Ofgem...

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Dubai unveils first solar-driven green hydrogen production facility

The Chairman of the Dubai Supreme Council of Energy and the Chairman of Expo 2020 Higher Committee- HH Sheikh Ahmed bin Saeed Al Maktoum recently announced the inauguration of the Green Hydrogen project at the Mohammed bin Rashid Al Maktoum Solar Par...

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InVita announces investment in STACS DNA to streamline sample tracking

The U.S -based InVita Healthcare Technologies has recently announced investing an undisclosed amount in STACS DNA, a prominent leader in sexual assault kit tracking and software provider. For the record, the products delivered by STACS DNA are gener...

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HCL Technologies employs 1,000 tech professionals in the UK

The recent hiring validates HCL’s commitment to the UK for accelerating innovation and generating digital talent pools in the region Indian IT conglomerate, HCL Technologies has appointed 1,000 technology professionals in the UK that will...

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Amazon, Greenko expedite oxygen supplies to India amid critical shortage

While India is currently facing the wrath of the second wave of corona-virus due to acute shortage of oxygen concentrators, various companies have forward to help the country get back on track. Amongst these are Hyderabad-based Greenko Group, and one...

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Toyota and ENEOS team up to develop hydrogen fuel-cell system in Japan

Japanese automotive giant, Toyota has reportedly tapped Japanese oil & energy corporation, ENEOS, to explore the field of hydrogen-based power to help with the development of a hydrogen fuel-cell system that would power Woven City, Japan’s ...

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KPI Global secures 12.5 MW captive solar project from Anupam Rasayan

Gujarats leading solar power generating company, KPI Global, has recently announced receiving an order for building a 12.5 megawatts solar project under the captive power producer capacity from Surat-headquartered Anupam Rasayan India. It has been r...

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Adverum Biotechnologies announces new data from OPTIC Phase 1 trial

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Premier to buy two Greater New York Hospital Association subsidiaries

Premier Inc., a renowned healthcare improvement company, has reportedly announced that it has entered a definitive agreement to purchase certain liabilities and all the assets of Nexera, Inc. and Acurity, Inc., two wholly owned indirect subsidiaries ...

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Mitsubishi creates new technology to control in-building mobile robots

Mitsubishi Electric Corporation has recently announced its technological development to control in-building mobile robots, by using building dynamic maps. This new 3D building map will show the status of mobilities within the building, including thei...

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NextGen announces a new strategic collaboration with Doctible

NextGen Healthcare, a renowned electronic health record software developer, reportedly announced its exclusive collaboration with Doctible, a platform that allows healthcare providers to gain real-time feedback from their patients while automating ba...

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Genentech reveals submission of sBLA to FDA for Tecentriq-Avastin

Genentech, Inc., a subsidiary of the Roche Group, has reportedly announced the completion of a sBLA (supplemental Biologics License Application) submission to the U.S. FDA (Food and Drug Administration) for Tecentriq ® (atezolizumab) in combinati...

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FDA issues a cybersecurity warning for GE medical equipment

The U.S. Food and Drug Administration, an agency within the U.S. Department of Health and Human Services, recently issued a safety communication informing patients, health care providers and facilities regarding the cybersecurity vulnerabilities...

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French-Belgian biotech PDC*LINE bags USD 22.2M in a Series B funding

A clinical stage biotechnology company, PDC*line Pharma, focused upon developing a new class of effective and scalable active immunotherapies for treating cancers, recently announced completion of a Series B round of funding. The company ha...

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VMware plans to acquire Nyansa to expand its SW-WAN portfolio

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Rogers Communications launches 5G network services across Canada

  The network will first be implemented in Toronto, Vancouver, Montreal and Ottawa Rogers has collaborated with Ericsson to provide the required technology to develop the network Rogers Communications – a Toronto based telecommunicat...

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Amazon orders StreetScooter electric vans to fuel carbon neutral goals

Amazon has ordered about 40 electric vans from Deutsche Post’s StreetScooter in Munich   The Work L delivery van shall be debuted in two of the urban U.S. markets from spring 2020 Amazon.com has reportedly ordered about 40 electric v...

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Oyster Point Pharma attains primary endpoint in MYSTIC trial

A clinical-stage biopharmaceutical company, Oyster Point Pharma, Inc. recently announced positive results from its Phase 2 MYSTIC clinical study for Dry Eye Disease. For the record, Oyster Point Pharma is focused upon discovering, developing, and co...

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Valneva announces expansion of its commercial operation in France

Valneva SE, a commercial stage biotech company, has reportedly announced its plan to expand its commercial infrastructure in France with the opening of a new commercial office in Lyon, France. Valneva France, SAS, a commercial subsidiary, would now ...

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Elvie launches Insights app feature for its wearable breast pumps

Elvie, a UK-based health & lifestyle brand, focused upon innovating smarter technology for women recently announced the launch of its Insights app feature for Elvie Pump, which is the quietest, lightest and smallest wearable breast pump in the wo...

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Principia updates anticipated final result from PRN1008 trial

Principia Biopharma Inc. recently updated about the anticipated timings for the final result from the ongoing trial of PRN1008 data in patients suffering from pemphigus, along with CRR (complete response rates) from its Phase II Part B trial (open-la...

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Digital Ally partners with Pivot to develop next-gen breathalyzer

Digital Ally Inc., a manufacturer and marketer of innovative video recording products for emergency management, law enforcement, fleet safety, and security has reportedly announced its partnership with Pivot International (Pivot) to develop a new bre...

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Stem Holdings inks agreement to acquire 100% of Seven Leaf Ventures

The new definitive agreement would allow Stem to foray into the lucrative California dispensary market."   After successful completion of the transaction, Seven Leaf Ventures Chief Executive Officer, Arthur Kwan would be joining Stem Ho...

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FTC bars Illumina from acquiring DNA sequencing rival PacBio

The Federal Trade Commission, commonly abbreviated as FTC has blocked the acquisition of Pacific Biosciences (PacBio) by its established rival Illumina. Illumina is a leading biotechnology company specializing in manufacture of integrated systems for...

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Wave Life Sciences to discontinue development of suvodirsen for DMD

The results from the clinical study rendered no change from baseline in dystrophin expression Clinical stage genetic medicines company- Wave Life Sciences Ltd. has reportedly announced the halt of suvodirsen development for patients suffering from D...

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Roche announces new data from Phase 3 FeDeriCa trial for breast cancer

Roche Holding, a renowned Swiss healthcare company working in pharmaceuticals and diagnostics, reportedly announced novel data from its Phase 3 FeDeriCa trial. The trial showed the investigational FDC (fixed-dose combination) of pertuzumab (Perjeta&r...

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Genentech announces updated data from Venclexta® clinical trials

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CoSara receives Indian regulatory authorization for its five IVDs

Co-Diagnostics, a renowned US-based molecular diagnostics company, having a patented, unique platform to develop diagnostics tests reportedly announced that CoSara Diagnostics, the company’s JV for production, has received regulatory clearance ...

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U.S. government could issue new rules to block shipments to Huawei

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Cinda finalizes Phase I study of anti-PD-1 / HER2 bispecific antibody

Cinda Biopharmaceutical, a startup that focuses on treating autoimmune and metabolic diseases, has recently announced the completion of its Phase I clinical study of human epidermal growth factor receptor-2 (HER2) and antibodies against programmed de...

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DNAtrix unveils positive Phase 2 DNX-2401 study results at SNO Meeting

  The company’s drug candidate DNX-2401 in combination with Pembrolizumab depicted clinical benefit in brain tumors like Recurrent Glioblastoma.   Study data showed interim median overall survival duration of more than a year. ...

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Cal-Maine Foods acquires egg production assets of Mahard Egg Farm

The acquisition would strengthen Cal-Maine’s presence across Texas and southern Oklahoma.  It will include purchase of commercial shell egg production and processing facilities of Mahard. Cal-Maine Foods Inc., a Jackson-based fresh eg...

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Sony gains ownership of Game Show after buying minor stake in AT&T

Japanese multinational conglomerate, Sony Corporation SNE recently sealed a transaction of USD 500 million to acquire AT&T’s T minority stake in GSN (Game Show Network). The newly made move is Sony’s concerted effort to focus more on ...

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Caladrius unveils positive results of CLBS16 in CMD treatment

The data shows a major statistical improvement in coronary flow reserve   Single-use CLBS16 can reportedly improve heart function and symptoms Caladrius Biosciences, Inc., a biopharmaceutical firm mainly focused on the development of the t...

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Merck acquires Calporta Therapeutics from COI Pharmaceuticals

Merck will pay up to $576 million for the acquisition   Preclinical TRPML1 has the potential to treat neurodegenerative and lysosomal disorders COI Pharmaceuticals has recently announced that Merck, also called MSD outside Canada and the U...

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Personalis unveils new service for cancer whole genome sequencing

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Celltrion depicts CT-P13 SC efficacy for treating rheumatoid arthritis

Celltrion Healthcare, a biopharmaceutical company, recently announced data from a study further investigating efficacy, safety, immunogenicity & pharmacokinetics of CT-P13 SC, over a period of 1-year treatment. The study focuses on the results ac...

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Symphony partners with Tencent to ease business connectivity on WeChat

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Databricks secures $400 Million from its Series F funding round

Databricks is one of the leading Unified Data Analytics companies that helps firms to organize their data for analytics, implement data-driven decisions and empower data science. It has a rich portfolio of global customers that include Shell, Comcast...

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Alarm.com acquires majority stakes in U.S.-based software firm OpenEye

The cloud-based video services market (also known as Video-Surveillance-as-a-Service (VSaaS)) is expanding at a significant pace as legacy solutions shift to cloud-centric architectures. According to IHS Markit report, the Video Surveillance Market i...

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Sartorius buys Danaher’s life sciences tools businesses for $750 Mn

Global life sciences tools market is projected to witness substantial growth in the forthcoming years owing to their advancements and usage in the biotechnology sector. The growing prominence of the field and the subsequent rise in competition is fur...

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Computer Aided Technology finalizes the purchase of Fisher Unitech

3D printers play an vital role in creating complex prototype models especially for applications across the automobiles and aircraft industry. Several companies have started to embrace 3D printer while others have gone with subtractive manufactur...

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Imbrium doses first patient in Phase 2 IMB-115 trial to treat IAAC

Insomnia associated with alcohol cessation (IAAC) is a major challenge faced by patients who are recovering from AUD (alcohol use disorder), struggling to achieve sustained abstinence from alcohol. Given the massive opportunity, global pharmaceutical...

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Intel secures Pivot Technology Solutions’ Smart Edge platform

As wireless operators begin to deploy next generation 5G networks, the technology’s combined faster speed and massive data loads bearing capacity is expected to stimulate the growth of emerging data processing technologies like edge computing.&...

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Yumanity starts Phase 1 trial of YTX-7739 to treat Parkinson’s disease

Number of cases where people are affected with neurodegenerative diseases have been growing at a substantial pace. Alzheimer’s disease and Parkinson’s disease are the most common neurodegenerative diseases found across the world. Various ...

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AngioDynamics buys Eximo Medical and its 355nm Laser Atherectomy tech

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Scholar Rock to showcase preclinical, phase 1 clinical data of SRK-015

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Ipsen presents studies highlighting new approaches for severe cancers

Today, people across the world are prone to numerous health disorders, and cancer is one of the major diseases which is growing at an alarming rate. Researchers around the world are putting their best foot forward to develop new therapies and next-ge...

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Rigel’s ITP Drug Fostamatinib Enters Phase 3 Clinical Trial in Japan

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Oncology Venture’s DRP shows positive data to treat colorectal cancer

Colorectal cancer, also known as colon cancer, rectal cancer or bowel cancer, affects a patient’s rectum and colon. Reportedly, it is the third most common type of cancer detected in both women and men in the U.S. In an attempt to mi...

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vTv Therapeutics unveils additional positive data from diabetic study

TTP399 increased Time in Range, reduced hyperglycemia time, a bolus insulin dose that was lower and fewer hypoglycemic events.   TTP399 could be placed for Phase 3 development to address Type 1 Diabetes. vTv Therapeutics Inc., a biopharmac...

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Westlake to advise Frontier Energy on its takeover of Energy Insight

Energy efficiency is becoming a point of focus for several companies operating across the world. Various firms worldwide are turning towards energy efficiency consulting companies to efficiently manage the energy they use. This not only saves energy ...

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Rocket Pharma unveils Phase 1/2 trial data for its Fanconi Anemia drug

The manuscript includes data of the first four trial participants that were treated with RP-L102 under the Phase 1/2 FANCOLEN-I study.   First RP-L102 trail data demonstrates increase in bone marrow engraftment levels, which further leads to...

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Shopify buys 6 River Systems for $450M to grow its fulfillment network

Acquisition of 6 River Systems seems to be an attempt to accelerate the growth in delivery of daily packages. The deal would further expand the reach of the Shopify Fulfillment Network, which utilizes machine learning to ensure lower shipping cost...

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Genentech to present new data from neuroscience portfolio at ECTRIMS

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Pathmatics expands social ad data coverage to UK, Germany markets

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Carl’s Jr. to launch plant-based Beyond Famous Star® burger in Canada

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Automation Anywhere to invest $100 million to drive company expansion

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IBM’s AI cybersecurity platform Watson now available for Indian firms

IBM has reportedly started the provision of their AI powered platform Watson, to detect and resolve cybersecurity threats faced by organizations in India. Cybercrime has become a massive source of organized crime in the 21st century, in India as wel...

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Amazon inaugurates its largest campus in the world in Hyderabad

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Standard Chartered & SAP Ariba team up to simplify financial solutions

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Sun Pharma signs pact with CMS for generic drug sales in China

The pharmaceutical company has entered into an agreement with China Medical System Holdings to manufacture and manage 7 generic products in Mainland China.   The company shares rose to 4.69% to hit a day high of Rs. 434.20 on the B...

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737 Max crashes prevent Boeing from launching 777X long-haul jet

Boeing has been suffering billions of dollars in losses resulting from the 737 Max crisis Boeing has reportedly been delaying the launch of 777X long-haul jet, as the company spends its resources in handling a crisis following the crash of two of it...

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Terns Pharma unveils positive interim output in Phase 1 TERN-201 trial

Outputs from single ascending dose specify that TERN-201 is well tolerated and generally safe & can inhibit plasma SSAO activity.   This trial has now transitioned onto the next level; multiple-ascending dose phase. Terns Pharmaceutica...

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SSE in discussion with Ovo to sell its energy business in UK

SSE has also been fined £700,000 by Ofgem due to its inability to meet target smart gas meter installation in the previous year.   SSE announced that it would float or sell its arm of energy services after the first half of 2020. SSE...

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Kohlberg & Co. to merge Bemis® Healthcare Packaging with Nelipak

Bemis® will be incorporated with Nelipak and jointly operate under the Nelipak® Healthcare Packaging brand. Nelipak® Corporation, Inc., a company that focuses on providing custom packaging for pharmaceutical and medical industries, recen...

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Risuteganib enhances visual acuity in patients with age-related dAMD

· Patients enrolled to the clinical trial were given 1.0 mg of sham injection or risuteganib. · It would not be a helpful treatment for all patients with dry macular degeneration. Results from a Phase 2 clinical trial, which assessed ...

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I-Mab, TRACON Pharmaceuticals begins human trial of CD73 antibody TJD5

The study will evaluate the tolerability and safety of TJD5 and determine recommended doses for future clinical studies. I-Mab Biopharma (I-Mab), a clinical stage biopharmaceutical firm focused on the discovery and development of biologics in immuno...

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MJH Associates rebrands to MJH Life Sciences to strengthen its brand

Agency services and multimedia operations would be combined under the new MJH Life Sciences. MJH’s recent acquisition of UBM Life Sciences assets makes it the biggest private medical media firm in the U.S. MJH Associates, a U.S. based mult...

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Punch Technologies, Johnson Controls to make safety communication tech

Johnson Controls will be the exclusive vendor of PunchAlert, developed by Punch Technologies. North Carolina-based software company, Punch Technologies, Inc. and Johnson Controls have recently finalized a deal to bring a state-of-the-art safety comm...

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Amazon, Google and other tech giants could face DOJ antitrust probe

Stocks of Facebook, Google and Amazon have gone down after DOJ’s announcement The United States Department of Justice recently announced that it will launch an antitrust probe into the world’s most influential and biggest tech companies....

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Curaleaf shares fall post FDA’s warning issued over false CBD claims

The FDA warning had come after Curaleaf made unsubstantiated claims that their CBD (cannabidiol) based products can treat serious diseases.   Curaleaf has been asked to respond within 15 days with its plans to mitigate the violations. Cura...

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Copyright claims and audience growth are biggest challenges faced by YouTube creators

With 58% of YouTube creators admitting to being hit by a copyright claim, and the adoption of Article 13 (now 17) – European legislation designed to limit certain types of content shared online – the fight for viewers and the ability to g...

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Dressbarn confirms 53 stores to close in August as wind down nears

Ascena shares have been down by more than 75% this year and are trading at below $1 Ascena Retail Group, an American retailer for women’s clothing, recently announced that it is going to shut down 53 locations of Dressbarn by the end of August...

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Japan introduces working group to examine impact of Facebook’s Libra

Japan is looking to garner greater support due to the wide range of policies which can be affected by digital currencies. Japanese authorities have reportedly established a working group to discuss the impact Libra digital coin proposed by Facebook ...

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Ligand Pharma announces positive results from trial of CE-Iohexol

Ligand Pharmaceuticals, a US-based biopharmaceutical company recently announced positive top line results from clinical trial of its internal CE (Captisol-enabled) Iohexol program. The study attained primary endpoint indicating pharmacokinetic b...

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DHOR closes acquisition of Parkview Community Hospital Medical Center

DHOR had been administering Parkview under a management and operations transfer agreement as of February 2019 whilst waiting for HUD approval. Doctors Hospital of Riverside LLC (DHOR) has reportedly announced that it has completed acquisition and as...

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Octapharma conveys update on development plan for SubQ-8 at ISTH 2019

Octapharma has reportedly presented an update on the clinical development and pre-clinical data of SubQ-8 in a conference at the International Society on Thrombosis and Haemostasis Congress 2019. SubQ-8 integrates a human cell line-derived recombinan...

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BioNTech & Genmab initiate trial of DuoBody-PD-L1x4-1BB to treat tumor

BioNTech SE, the largest privately held biopharmaceutical company in Europe, recently announced initiation of first-in-human study of DuoBody-PD-L1x4-1BB for the treatment of solid tumors, cite sources. For the record, BioNTech SE is a clinical-stag...

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Progenics Pharma initiates clinical trial of 1095 radiotherapy

Progenics Pharmaceuticals, Inc., a biopharmaceutical company, has recently announced that its first patient has been dosed for treatment of Metastatic Prostate cancer, in a phase 2 clinical study of 1095 radiotherapy. The clinical study evaluated I-1...

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Aerpio initiates clinical trial of AKB-9778 for treatment of PAOG

A US-based pharmaceutical company, Aerpio Pharmaceuticals, Inc., recently announced the initiation of Phase 1b clinical trial of AKB-9778 to develop treatment of PAOG (primary open angle glaucoma), report sources. For the record, Aerpio Pharmaceutic...

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Xynomic Inc. doses first patient in phase 1/2 Lymphoma trial

A clinical stage oncology drug development company Xynomic Pharmaceuticals Holdings, Inc. has reportedly announced that it has dosed the first patient in a Phase 1/2 trial. Apparently, the trial combines abexinostat with ibrutinib in patients sufferi...

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American BriVision unveils positive ABV-1504 phase II results

Clinical stage biopharmaceutical company American BriVision has reportedly released positive outcomes of its ABV-1504 Phase II clinical trial, under Taiwan FDA clinical protocol code of BLI-1005-002 and the U.S. Food and Drug Administration, for majo...

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Mersana to share interim data of XMT-1536 from ongoing Phase 1 trial

Clinical-stage biopharmaceutical company Mersana Therapeutics, Inc. has reportedly presented interim efficiency and safety data from its current Phase 1 dose-escalation study evaluating its first-in-class ADC candidate XMT-1536 aimed at NaPi2b, in pa...

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EU, China ink deals to reinforce partnership on civil aviation safety

The agreements will enable passengers to benefit from safer, economical, and greener air travel options The European Union (EU) has reportedly signed two agreements on civil aviation with China that are aimed at creating jobs, boost growth and bring...

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Cook Medical, Ambu A/S to jointly address endoscope-related infections

The two firms will bring forth single-use endoscopes to patients undergoing ERCP procedures to reduce the risk associated with serious cross-contaminations. Medical device company, Cook Medical Incorporated has recently agreed to enter into a partne...

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Mastercard Lyft tie up to strengthen economic security of drivers

Mastercard, the financial services company announced an expanded partnership with a U.S. based transportation network company, Lyft, to bring tools to Lyft drivers for their growth in the ever-changing scenario of the gig economy. A bank account and...

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SoftBank set to invest in the UK-based financing group Greensill

Softbank Vision Fund, the subsidiary of SoftBank Group Corp, is reportedly planning to invest in Greensill Capital, a UK based firm that specializes in supply chain finance. As per reliable sources, the investment will value Greensill at $3 billion,...

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Cerevance successfully completes Phase 1 clinical trial of CVN424

Clinical stage biopharmaceutical company Cerevance has reportedly completed its Phase 1 clinical trial of CVN424, the company’s first-in-class, oral drug in development for treating Parkinson’s disease. The clinical study effectively atta...

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EU CHMP recommends LYNPARZA as first-line treatment for ovarian cancer

AstraZeneca & Merck’s LYNPARZA has reportedly received a positive opinion from the EMA’s (European Medicine Agency) CHMP (Committee for Medicinal Products for Human Use), for the first-line maintenance treatment of the BRCA-mutated ad...

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Apis Partners to invest in L&T IFD, aims for a 25% stake worth $110M

Apis Partners has signed a binding agreement for the acquisition of the stake and will be investing through one of its funds called Apis Growth Fund II. UK-based venture capital firm Apis Partners has reportedly announced plans to acquire a 25 per c...

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Innovent doses first patient in bispecific antibody clinical trial

Innovent Biologics, Inc., a top-notch biopharmaceutical firm which produces and commercializes superior quality medications, has recently declared that the first patient has successfully been dosed in China in the Phase 1 trial of a recombinant compl...

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U.K. approves inclusion of Huawei gear for 5G despite U.S. warnings

The National Security Council led by the Prime Minister agreed to give Huawei limited access to help build noncore infrastructure for the network Reports confirm that U.K. has dismissed warnings of the U.S. about including 5G telecoms equipment from...

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Social media platforms blocked in Sri Lanka in the aftermath of blasts

The government has decided to temporarily block Facebook, Instagram, and other social media sites for restricting the spread of false news The government of Sri Lanka has reportedly announced the temporary blocking of various social media services a...

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Amazon in talks for ad-supported music service to compete with Spotify

Amazon is planning to market its free music streaming service through its Alexa-powered Echo smart speakers Amazon.com is reportedly in discussions to launch its own ad-supported music service offering, which can help strengthen the competition with...

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Regeneron Alnylam collaborate on a $1bn eye & CNS R&D agreement

Regeneron Pharmaceuticals Inc. and Alnylam Pharmaceuticals Inc. have reportedly entered into a definitive collaborative deal. Authentic sources claim that the deal has been inked in a major effort to discover, advance and commercialize treatments for...

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Google adjourns AI ethics board following protests & online petition

An online petition had called on Google to single out Kay Coles James (Heritage Foundation) from the council that was formed a week ago. Technology giant Google has confirmed the dissolution of its recently formed AI ethics advisory panel on the gro...

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Crypto exchange platform Liquid hits $1B valuation with new funding

·         Liquid will use the capital for offering new services and expanding into new markets ·         The firm has said that it is publicly in favour of...

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Avaya deliberating over leveraged buyout offer that values it at $5Bn

The proposed acquisition offer comes approximately 15 months after the company emerged from a bankruptcy protection.   The company has been attracting acquisition interest from several private equity companies over the previous couple of mon...

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Teladoc Health announces acquisition of France-based MedecinDirect

The deal is expected to be closed in first half of this year   Financial terms of the deal were not disclosed yet Virtual care provider Teladoc Health has announced that it has acquired France-based telemedicine provider MédecinDire...

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Mercado Libre bans crypto-related listings following PayPal Investment

The Latin American e-commerce firm had recently obtained a $750 million investment from PayPal. The company is also cracking down upon pre-paid cards that are typically used for games. Mercado Libre, Inc., (Mercado Libre), a renowned Argentine e...

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FDA approves new generic valsartan to reduce the shortage of drug

The regulator reviewed the manufacturing and testing practices of India-based Alkem Laboratories Limited and found no traces of impurity The United States Food and Drug Administration (FDA) has reportedly announced to have approved a new generic ver...

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Wayland, International Cannabis in talks to sign a purchase agreement

Both the companies are nearing conclusion of their strategic reviews and expecting to enter into a definitive purchase agreement   The companies are expecting to realize material synergies, which would result in accelerated revenues along wi...

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Akili & Shionogi partnership to bring new digital therapeutics to Asia

The new strategic partnership would see the two enterprises collaborate on the development & commercialization of digital therapeutics in crucial Asian markets.   Potential & upfront milestone payments to Akili for the Taiwan & J...

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SoftBank plans to invest $10m in Swedish solar technology firm Exeger

SB Energy Corp will be supporting the global rollout process of Exeger’s technology and products SoftBank Group will hold the right to nominate a director for being appointed on Exeger’s board SoftBank Group, the Japanese multinational ...

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German logistics service provider FlixBus to take over rival Eurolines

FlixBus will integrate the long-distance routes of Eurolines and isilines to expand European reach The company aims to entice more passengers by offering more complete and diverse services FlixBus, the Germany-based bus logistics start-up backed by...

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Emergent BioSolutions to supply medical countermeasures to US

The company would manufacture and deliver several medical countermeasures prescribed by the Department of State including auto-injector training devices, Reactive Skin Decontamination Lotion Kit, and the Trobigard auto-injector Emergent BioSolutions...

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Atara Biotherapeutics to present clinical results of Car T platform

The firm is looking forward to its MSK collaborators’ clinical outcomes of a mesothelin-targeted autologous CAR T for patients suffering from advanced malignant pleural ailment   The event is slated to be held from March 29 to April 3 ...

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GNA & Boehringer collaborate on ASF diagnostic test development

Both the companies will come up with holistic solutions for farmers, veterinarians, and the food producing industry. The partnership aims to develop a diagnostic test for ASF. Research-driven pharma conglomerate Boehringer Ingelheim has joined f...

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Indivior introduces generic version of its Suboxone opioid drug

The company said its launch of an authorize generic version of the drug would prompt other firms to introduce their own cheaper versions The announcement comes in backdrop of a court ruling that allowed its rivals to sell generic versions of the d...

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Britain claims risk in using Huaweis 5G equipment can be mitigated

Huawei was accused of working with China’s government by the U.S., who said its equipment can be used to spy on Americans The National Cyber Security Centre (NCSC) of Britain has reportedly concluded that the British government would be able t...

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ElaadNL comes up with a PoC for IOTA-driven smart power grid for EVs

The PoC apparently depicts the ability of smart grids to generate and consumer power, and then redistribute the same autonomously among community members. The reputed Dutch technology conglomerate ElaadNL has made it to the front page for apparently...

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Autonomous truck enterprise TuSimple raises almost $100M in Series D

TuSimple will use the funding to expand its self-driving truck fleet. Renowned self-driving truck company TuSimple has made it to the headlines for having successfully raised substantial capital in a new funding round. As per credible reports, the s...

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Symantec acquires Luminate in an effort to peruse cloud security

Luminate’s ‘Secure Access Cloud™ ‘ further extends Symantec’s ‘Integrated Cyber Defense Platform’ expertise to users. Renowned California-based software magnate Symantec Corp has made it to the headlines for...

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