About Author : Mateen Dalal

Mateen Dalal

A qualified electronics and telecommunication engineer, Mateen Dalal embarked on his professional journey working as a quality and test engineer. Harnessing his passion for content creation however, Mateen pens down industry-rich articles for ReportsGO.com and a few other portals. Channelizing his experience in the technical and manufacturing domains, Mateen attempts to bring forth his knowledge of the core industries in his articles.



Contribution by Mateen Dalal

Chinese tech giants unveil AI chatbots to public post government approval

As per the reports, four prominent Chinese tech companies, including Baidu Inc and SenseTime Group, have reportedly introduced their artificial intelligence chatbots to the public, after securing the necessary government approvals. This development a...

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Equinor & partners inaugurate world's largest floating wind farm in Norway

Equinor, a Norwegian energy company, along with its collaborators, reportedly inaugurated the largest floating offshore wind farm situated in Norway. This significant achievement, unveiled on Wednesday, involves harnessing wind energy to supply power...

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Krafton's $150 mn investment to boost Indian gaming ecosystem

Krafton, a prominent gaming company from South Korea, has reportedly announced its intention to inject an additional $150 million into the Indian market within the next 2-3 years. This move comes as a positive development for the InDIAN gaming indust...

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GSK sues Pfizer over alleged RSV vaccine patent infringement

GSK, a prominent biopharmaceutical company based in Britain, has made it to the news for the lawsuit it has filed against Pfizer, another major pharmaceutical firm in the U.S., alleging patent infringement of its respiratory syncytial virus (RSV) vac...

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Foxconn plans for new $200 Mn components plant in Tamil Nadu

According to reliable sources, a Foxconn subsidiary is currently in negotiations with Tamil Nadu to establish a new plant for electronic components in the southern region, with a projected investment of up to $200 million. FII, known for manufactu...

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New AI Tools for Journalists explored by Google, suggest Reports

According to a company spokesperson, Google is currently investigating the utilization of artificial intelligence tools to compose news articles. The tech giant is in discussions with various news organizations to potentially collaborate with journal...

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India invites semiconductor manufacturers as PM Modi visits US

The Indian Prime Minister Narendra Modi has reportedly extended an invitation to Micron Technology, a prominent American chip maker, to collaborate and enhance semiconductor manufacturing in India, as the country offers competitive advantages across ...

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Santechture to introduce breakthrough RCM solutions for KSA

SANTECHTURE, a leading provider of intelligent technology solutions for revenue cycle management (RCM), reportedly introduced two groundbreaking products at the HealthTech Summit & Expo in Riyadh. The event, held from 5-7 June, aimed to support t...

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Apollo plans to expand looking at average occupancy surge

Apollo Hospitals Enterprises Ltd., one of India's leading healthcare providers, is reportedly targeting to increase the average occupancy rate in its hospitals to 68-70% for the fiscal year 2024. The company recently announced impressive finan...

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ChatGPT’s creator OpenAI proposes regulation of AI by humans

OpenAI, the creator of ChatGPT, has reportedly put forward a proposal for the establishment of an international organization to regulate artificial intelligence (AI). Led by CEO Sam Altman, the company believes that AI systems developed within the ne...

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Medtronic pledges USD 350 Mn to expand R&D operations in India

Medtronic, a leading healthcare technology company, has announced plans to expand its R&D center in Hyderabad, India, with a whopping investment of USD 350 million. The existing facility is already the largest center for the company outside the U...

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DuPont to buy Spectrum Plastics, anticipates high ROIC by fifth year

American chemical company DuPont de Nemours Inc. reportedly signed a definitive agreement to buy out Spectrum Plastics Group from AEA Investors, a U.S. based private equity firm. The acquisition will reinforce DuPont’s position in booming non-c...

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Microsoft-Activision merger gets red signal from UK Government

The Competition & Markets Authority (CMA) of the United Kingdom has reportedly prohibited the acquisition of American video game publisher Activision by Microsoft Corp., Washington headquartered tech giant. CMA published its final report in th...

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Seagate fined $300Mn by US for exporting tech to Chinese firm Huawei

The U.S. Department of Commerce has reportedly imposed a USD 300 million penalty on American data storage company, Seagate Technology Holdings plc, for violating export controls. The firm was allegedly exporting hard disk drives to Chinese tech corpo...

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Sasa announces return to Singapore, plans new store launches in 2023

Hong Kong-based cosmetic giant Sasa has reportedly announced plans to return to Singapore, where it had shut down all its twenty-two shops three years ago. The brand is targeting just a few new stores in 2023 in its homeland. Company officials have e...

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Hyundai Motor Company & Advent sign JDA to develop fuel cell technology

Hyundai Motor Company and Advent Technologies have entered into a joint development agreement, following the assessment of Advent’s Proprietary Membrane Electrode Assembly (MEA) technology. The evaluation was focused on the ability of Advent&rs...

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Intellect chooses IHH Healthcare to devise mental health programs

Intellect, a leading mental health platform located in Singapore, has reportedly announced a partnership with IHH Healthcare, which is Asia’s largest private healthcare group. The main objective of the partnership is to introduce and customize ...

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Dyson compensates employees with onetime payment in absence of bonus

Dyson, a British company renowned for its innovative vacuum cleaners, hair dryers and other products, is reportedly offering a majority of the staff at its Singapore headquarters a one-time payment, in recognition of their exceptional contribution. ...

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Sapeon pursues new funding round to achieve $400 Mn valuation

Sapeon, a South Korean start-up focusing on the design of artificial intelligence semiconductors for data centers is seeking a funding round to bring its valuation to USD 400 million. Sapeon has the strong support of industry giants like SK Teleco...

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Survey: Inflation to add over £18.2Bn to UK’s non-food retail sales

Inflation is reportedly expected to add another £18.2 billion (US$22 billion) to the UK’s non-food related retail sales in 2023, claims a new survey. As per an E-commerce Delivery Benchmark Report by Auctane as well as Retail Economics...

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Microsoft investigates Teams and Outlook outage that left users disrupted

Microsoft, the U.S.-based technology frontrunner, reportedly investigating an outage that prevented thousands of customers from accessing services like Teams and Outlook. Apparently, the tech giant did not disclose the number of users that were im...

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UK: Budget & basic items’ cost in supermarkets soar 20.3% in December

Britishers who rely on the budget-friendly aisles of supermarkets reportedly saw the biggest increases in food prices in the months leading up to Christmas, significantly outpacing those for luxury as well as premium brands, as per a survey. Accor...

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Sun Cable shuts as $21B solar project to power S’pore hangs in balance

Sun Cable, the Singapore-based solar energy company, has reportedly entered voluntary administration, despite the financial support it received from billionaire investors. The company was supposed to be working on a A$30 billion (US$21 billion) solar...

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Australia expects supply chain pressure as Covid-19 spikes in China

Australia reportedly anticipates a significant impact from the sharp rise in Covid-19 cases in China on global supply chains and is therefore keeping a close eye on the situation, according to Treasurer Jim Chalmers. In a radio interview on Wednes...

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Southwest’s flight suspensions amid US storm leave passengers stranded

Southwest Airlines, the Texas-based low-cost carrier, was reportedly criticized as it dealt with massive flight cancellations as competing US airlines recovered from a devastating winter storm. The Dallas-based, domestic airline, which has a well-...

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U.K. Govt. commits $5.4B to fund Bulb’s acquisition by rival Octopus

The U.K. government has reportedly pledged to contribute up to US$5.4 billion (£4.5 billion) to help rival Octopus acquire the bankrupt energy supplier, Bulb. After more than a year under state control, Bulb's 1.5 million consumers have ...

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Plugo secures $9 million in plans to expand R&D team and hiring

Singapore-headquartered startup, Plugo has reportedly secured $9 million in a Series A funding round. The business provides direct-to-consumer (D2C) companies with a full range of e-commerce support services, including handling marketing, building we...

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HCL collaborates with Intel and Mavenir to offer 5G solutions

HCL Tech, the Indian multinational information technology (IT) services and consulting company has recently announced that it has collaborated with Intel Corporation and Mavenir to build and offer scalable private 5G network solutions for broader cro...

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AWS and ATOS expand collaboration to achieve digital transformation faster

Amazon's subsidiary, Amazon Web Services, Inc. (AWS), has recently entered into a global Strategic Transformation Agreement with Atos, a leader in digital transformation, high-performance computing, and information technology infrastructure. This...

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LadBible to lay off 10% of its workforce amid tough business conditions

LadBible, one of the U.K.'s largest success stories in online media, is laying off 10% of its workforce as a result of a decline in its share price and a warning about difficult trading conditions. The Manchester-based corporation reportedly b...

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Oral-B & iADH partner to make oral care positive & accessible for all

Oral-B, a well-known American oral hygiene products brand, has reportedly inked a partnership deal with iADH (International Association of Disability and Oral Health), in order to make oral care more positive, accessible, and inclusive for disabled p...

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

Singapore, 2 August 2022 – The National Environment Agency (NEA) and the Singapore Land Authority (SLA) have signed a Memorandum of Understanding (MOU) to develop the use of Global Navigation Satellite System (GNSS) data obtained from SLA&rsqu...

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Baidu launches Apollo RT6; seeks expansion of its robotaxi fleet

Baidu, a leading China-based artificial intelligence (AI) company and search engine, has reportedly uncovered its most recent electric autonomous driving vehicle. As per credible sources, the new vehicle, Apollo RT6, will be a part of the robotaxi...

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ParTech launches PAR Infinity for improvised technological solutions

ParTech, Inc. a leading international provider of combined commerce for enterprise restaurants, has reportedly declared the launch of PAR Infinity. As per sources, the subscription centric hardware offering integrates PAR’s purposely develop...

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

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

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Health2Sync, AstraZeneca Taiwan sign MoU to launch digital solution

Health2Sync, a Taiwanese digital chronic disease management platform, has reportedly inked a Memorandum of Understanding (MoU) with AstraZeneca’s Taiwan unit to roll out its first digital solution catering to chronic kidney disease (CKD) patien...

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Sterling Generators & Moteurs Baudouin partner to accelerate growth

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

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Ganymed Robotics raises $21.3M for launch of next-gen surgical robots

Ganymed Robotics, a robotics technology for orthopedic surgeons and computer vision software developer, has declared raising USD 21.3 million capital in the oversubscribed first closure of its Series B funding. As per reports, the funding round wa...

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AstraZeneca take overs TeneoTwo to expand haematological cancer pipeline

AstraZeneca has reportedly entered an agreement to acquire TeneoTwo, Inc., comprising TNB-486, Phase one clinical-stage T-cell engager, CD19/CD3, which is currently under assessment in refractory and relapsed B-cell non-Hodgkin lymphoma1. As per r...

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IMCD aims expansion in Bangladesh with a new office & laboratory launch

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

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Celcom and Digi unite to drive digitalization for consumers, businesses

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

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QRCS & WHO offer mental health support to Syrians affected by COVID-19

The representation office of the Qatar Red Crescent Society (QRCS) housed in Gaziantep, Turkiye will reportedly deploy three mobile mental health clinics in Syria. Backed by the funding from the World Health Organization (WHO), QRCS will ensure th...

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Triple M pursues 1.5 GW of solar & wind energy projects in Egypt

Triple M is eyeing several projects in Egypt to help them produce electricity using renewable energy sources with a capacity of 1.5 GW inside and outside the country. It would be imperative to note that the projects being pursued by the company sh...

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NSW to offer support of $2.9 billion for mental health and wellbeing

The NSW (New South Wales) Government is planning to record an investment of $2.9 billion into mental health services and support for people across the State as part of the 2022-23 NSW Budget. Premier Dominic Perrottet commented that a significant ...

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Australia: Agriculture Minister declares $500M investment for food products

Australia’s Federal Minister for Fisheries, Forestry, and Agriculture, Murray Watt has announced an investment of $500 million to prompt farmers to produce more food products across the country along with selling raw materials in the internatio...

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Kaweah Health launches first SafeGait 360º Balance & Mobility Trainer®

Kaweah Health is the first healthcare provider in California to introduce the SafeGait 360º Balance and Mobility Trainer® catering to the mobility needs of people with sustained injury. Focused on the Central California region, the integr...

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Etihad Cargo inks an MoU for sustainable pharmaceutical transportation

Etihad Cargo, the cargo division of Etihad Aviation Group, has recently entered into an MOU (Memorandum of Understanding) with B Medical Systems. The MoU, publicized recently during the BIO International Convention, will see Etihad Cargo collabora...

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Thailand lifts restrictions on cannabis & hemp; promotes proper usage

Thailand’s cannabis industry has recently made it to the news headlines. According to the Ministry of Public Health of Thailand, hemp and cannabis are now removed from the Category 5 narcotic drugs, with effect from 9 June 2022. Only hemp an...

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LG Energy Solution to build nickel processing units in Indonesia

South Korean storage battery manufacturing company LG Energy Solution (LGES) announced its plans to build nickel processing facilities in Indonesia, under its $9.8 billion investment in the country to boost the production of electric vehicle batterie...

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Waters expands mass spectrometry portfolio to fast-track drug development

Waters Corporation has recently introduced new software, instruments and product enhancements to accelerate the drug discovery and development at the ASMS (American Society for Mass Spectrometry) 2022 Annual Conference. The products under these in...

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ZirooPay enters Africa’s retail sector with mobile POS technology

ZirooPay, a Nigeria-based retail Point-of-scale service provider, has reportedly stated in its long-term growth strategy that it will leverage its latest funding round to tap into growing opportunities in the retail sector in Africa. As per sources,...

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WHO expresses concern over the worsening COVID-19 situation in N.Korea

United Nations has reportedly stated that the COVID-19 outbreak in North Korea is worsening and not getting better after there were claims by the country that the pandemic situation was curbing. Dr. Mike Ryan, Chief of Emergencies, WHO, requested ...

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Foxconn anticipates a more constant supply chain in the latter half of 2022

Foxconn, a Taiwanese multinational electronics contract manufacturer, has recently stated that the second half of the year is heading in a better direction as the COVID-19 lockdown imposed in Shanghai is being lifted slowly. During the firm's ...

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Circles secures $16.5M funding for its mental health support platform

Circles, an online mental health support platform based in Israel, has recently announced that it has raised $16.5 million in Series A financing tranche for scaling up R&D activities to upgrade group matching algorithms and extend its service off...

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Unbound Group develops digital platform with Mirakl technology

Unbound Group, home to the United Kingdom’s footwear brand Hotter, has launched Mirakl, a curated retail multi-brand digital platform. The brand is all set to be introduced by the end of July and lined up for an autumn launch by early September...

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TagZ Foods aims for $128 million sales to expand product portfolio

TagZ Foods, a leading snacks brand, has reportedly claimed the possibility to be the nation’s fastest direct-to-consumer food company to reach the annual sales mark of USD 128 million approx. The brand aims to increase its manufacturing units t...

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MediaTek unveils first mmWave Chipset to support 5G smartphones

MediaTek has announced the launch of Dimensity 1050 system-on-chip, the first mmWave 5G chipset that will support the advanced generation of 5G equipped smartphones with seamless connectivity and display, power efficiency, and gaming. As per repor...

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Pintarnya to develop a super app for blue collar workers in Indonesia

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

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UK’s Health Secretary announces 10-year plan to tackle dementia

The UK Health and Social Care Secretary, Sajid Javid, has reportedly announced a novel 10-year plan to effectively tackle dementia and to increase funding in research to get a better understanding of neurodegenerative diseases. As per sources, at ...

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Starbucks to cover abortion related travel expenses for workers

Starbucks has reportedly announced that it would start covering all eligible travel expenditures for the workers seeking gender-affirming surgical procedures or abortions. As per reports, the coffee conglomerate has joined Apple, Amazon, Salesforc...

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Russia-Ukraine war puts UK fish & chips industry in severe jeopardy

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

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U.S Govt. pledges $3.16 bn funding to boost EV battery manufacturing

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

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Ammann rolls out new ADS technology to analyze jobsite compaction data

Swiss mechanical engineering company Ammann has reportedly introduced a new ADS (Ammann Documentation System) technology. This new technology is geared towards capturing and further analyzing jobsite compaction data, which can lead to improved qualit...

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India joins forces with Italy to boost renewable energy initiatives

India and Italy have reportedly announced collaboration to onset multiple partnerships across key renewable energy sectors such as biofuels, green hydrogen, and energy storage. Initially announced last year, the India-Italy Strategic Partnership o...

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RenewableUK unveils 5GW hydrogen plan to achieve low carbon emission by 2030

RenewableUK has reportedly announced multiple major policy recommendations in its latest report to assist the Government of the United Kingdom in achieving the target of 10GW less carbon hydrogen by 2030. This will reportedly include minimum 5GW from...

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Sherpa Group & Impartner unite to offer new services and technologies

Impartner, the leading international Partner Relationship Management (PRM) provider and complete channel management platform, has announced collaborating with The Sherpa Group, award-winning Channel Growth expert. As per sources, the new partnersh...

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Adani Group to invest $4 billion in healthcare to curb challenges

Gautam Adani, Chairperson of the Adani Group, is reportedly investing enormously in the hospital and healthcare industry along with diagnostic chains and digital and offline among additional assets to set two people directly in the Pharmacy sector wh...

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Arine partners with Amazon Web Services (AWS) to curb health inequities

Arine, an intelligent medication optimization firm, has recently announced that it has been chosen for a $40 million Amazon Web Services’ (AWS) global program backing companies that are building solutions to minimize health inequities. As pe...

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Norway announces $43.7Mn to fund UK’s program to buy weapons for Ukraine

Amid the war between Russia and Ukraine, Norway has showed its support to Ukraine by announcing a contribution of nearly $43.7 million to the United Kingdom’s attempt to purchase arms for Ukraine. Jonas Gahr Støre, Prime Minister of N...

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Sony to present new updates at the NAB Show virtually & in-person

Sony Electronics is reportedly showcasing a vast variety of services and products to empower cinematic, broadcast, and live event content creation at the NAB Show 2022 at Las Vegas Convention Center. As per sources, these innovations run parallel ...

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Spinneys joins UAE initiative ‘Food for Life’ to halve food waste by 2030

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

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Cemre Shipyard appointed to build a Norwegian zero-emission battery ferry

Torghatten Nord AS, Norwegian ferry firm, has reportedly appointed Cemre Shipyard, Turkish company, to develop a zero emission two sided-passenger ferry and a car which will run on battery-electric power. As per credible reports, the power source fo...

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Apple MacBook shipments delayed due to production halts in China

Apple Inc., an American multinational technology company, has hit a roadblock in producing its leading MacBook Pro laptops, a sign that Covid-19 in China may be contributory to the delays. Meanwhile, the US consumers trying to order the latest high-...

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Nokia joins the bandwagon; claims to leave Russian market amid Ukraine war

Nokia, the famous telecom manufacturer, has announced its exit from the Russian market after the country waged a war against Ukraine. As per credible sources, the move comes amidst numerous sanctions being imposed by the Western nations after the Uk...

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Facebook concerned as TikTok surpasses Snapchat, Twitter ad shares

Meta, formerly known as Facebook, is baffled by the meteoric rise of TikTok as the China-origin short-video app is set to eclipse the universal advertising share of Twitter, the micro-blogging platform and Snapchat, the largest photo-sharing app. No...

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Banana Wave to expand its plant-based dairy portfolio with new funding

Banana Wave, a leading banana-and oat-based milk alternative made by Mylk Brands, has received funding from Eat and Beyond Global. As the increase in dairy shortages upset the industry, the Canadian investment issuers focus on accelerating the tropi...

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Honda & General Motors to conjointly produce a series of affordable EVs

General Motors Co. is reportedly expanding its partnership with Honda Motors Co. Ltd. to manufacture a range of affordable electric vehicles. The production will be based on a new global pattern that will make use of GM’s advanced Ultium batter...

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Apple Inc. rumored to launch a 9- inch foldable device by 2025

Speculations have it that Apple might launch a hybrid of iPad and iPhone by 2025 An Apple analyst suspects that Apple might unveil a new foldable model with a 9-inch screen by 2025. Claims have been made that the rumored device that Apple is plannin...

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ADQ expands its food & agriculture portfolio with Unifrutti acquisition

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

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India & Sri Lanka sign six agreements to boost bilateral cooperation

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

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AstraZeneca sets 'Ambition Zero Carbon' plan to remove emissions by 2025

AstraZeneca, a British-Swedish multinational pharmaceutical and biotechnology company, has recently recognized how important it is to push the limitations of science and provide life-changing medicines in record time. The strong commitment to buildi...

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Experts warn risk of public health catastrophe in Ukraine amid war

Amid the shelling by the Russian army in Ukraine, a convoy of five vans has been reported to slowly retrieve from the war hit capital Kyiv, moving towards Chernihiv, the northeast part of the country with generators, fuel, medications, and clothes on...

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Astec acquires MINDS Automation; seeks to build a technology platform

Astec Industries has announced a deal to acquire MINDS Automation Group Inc, a leading cloud-centric data management and plant automation control system in the asphalt industry. As per credible sources, Astec’s acquisition of MINDS is consiste...

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Canada calls to end CP Rail Strike amid fears of rising commodity crunch

Canada has reportedly called for negotiations to put an end to a work stoppage at Canadian Pacific Railway Ltd, the country’s second-biggest railroad which is on the verge of aggravating a scarcity of commodities ignited by Russia’s invas...

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Oizom unveils an affordable & smart Industrial air quality monitor, AQBot

Oizom, an Ahmedabad-based environment monitoring technology service provider, has recently launched its innovative AQBot, which is a single parameter, industrial grade air quality monitoring device. Reportedly, the lightweight, compact, feature-enri...

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AUS to deploy biometric technology to facilitate international travel

In a recent technological development at the Austin-Bergstrom International Airport (AUS), the U.S Customers and Border Protection has deployed the use of biometric technology to accelerate the process of screening. The AUS keeps adding new flight r...

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Clearview offers its AI tech to Ukraine to detect Russian invaders

The Russian invasion of Ukraine has caused severe damage to both the nations and the world in many aspects. Amidst the war, the defense ministry of Ukraine has reportedly started using the Artificial Intelligence facial recognition technology by the ...

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WHO suggests Ukraine to destroy disease-causing pathogens amid war

As the Russia-Ukraine war gains momentum, the World Health Organization has advised Ukraine to destroy the pathogens which cause diseases, stored in the country’s public health laboratories. The suggestion from the United Nation’s agency...

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NHS to replace two Belarus-made products to show resistance amid war

With Russia’s invasion of Ukraine at its foremost peak, the world is showering its support by halting services and banning products of all those in support of Russia’s attack. NHS National Services Scotland (NSS) has reportedly claimed t...

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Xcel Energy promotes electric vehicle adoption in New Mexico

The electric services company will offer charging, installation, rental, and maintenance services for residential EV owners Xcel Energy, one of the biggest power providers in New Mexico is offering residential customers “at home electric vehic...

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Lotte Food & Lotte Confectionary plan collaboration to boost business

Lotte Foods and Lotte Confectionery are planning to collaborate to increase profits of their ice cream business by cutting costs in retailing and production. The news allegedly comes two years after Lotte Confectionary’s key competitors Binggr...

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PAL, IBS Software unite to offer digital solutions to transform staff travel

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

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Tech Mahindra to launch TechMVerse to revamp customer experience

The leading IT company Tech Mahindra has recently launched TechMVerse, the company’s Metaverse platform to provide their customers with immersive and interactive experiences in the era of Metaverse. Tech Mahindra, with an aim to revamp the cus...

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WHO seeks a safe corridor for provision of medical supplies to Ukraine

Russia has called for full scale Ukraine invasion and the consequences have triggered a situation of high alert throughout the country. Russia has been unleashing attacks with full swing across the capital city Kyiv, creating innumerable fatalities a...

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Stock market regains risk appetite after Russia-Ukraine invasion

Amidst Russia’s invasion of Ukraine and the strategic responses from the other nations, the stock market investors reportedly observed riskier bets with MSCI global index ending above its sessions low and U.S dollar cutting gains while oil&rsqu...

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Brondell teams up with 1% for the Planet; commits 1% sales to ecology issues

With companies emphasizing on taking measures to contribute to the environment, Brondell, a forerunner in innovation prioritizing to develop personal and health care technologies across North America, has reportedly announced collaborating with 1% fo...

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Tata Technologies to hire additional 1,000 people in FY23 to back growth

Tata Technologies, a leading global product development and engineering organization, has announced bringing on board 1,000 more employees in the Fiscal Year 2023, in addition to its planned recruitment of around 3,000 innovators through a 12-month p...

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KTR Capital launches crypto token HMA; aims to revolutionize healthcare

KTR Capital, a leading investment managing fund specializing in the health care segment, has announced its plans to revamp the healthcare segment by making investments in the U.S stock market of medical equipment, pharmaceuticals and biotechnology. ...

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CGH unveils first home-based prehabilitation program for cancer patients

In a latest development across the medical fraternity, patients recently diagnosed with cancer and awaiting surgery can conduct their pre-operation prehabilitation at home, with the introduction of Changi General Hospital (CGH). Apparently, the CGH ...

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India’s Life Insurance Corp. files for a USD 8 Bn stock market debut

Life Insurance Corporation of India has reportedly filed papers to sell 5% of the company shares to raise approximately USD 8 billion, marking it as India’s largest IPO by a considerable margin. The Mumbai-based insurance and investment giant i...

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Toyota, Ford forced to halt production over truckers’ protest in Canada

Automotive giants such as Ford and Toyota have confirmed to have halted production at some of their plants owing to the massive truckers’ protest against the vaccine reforms in Canada. This shows the economic ramifications of the protests as th...

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India leads in embedding sustainability across corporate plans: Report

As per a report by Russel Reynolds Associates, around 57% of corporations in India have implemented a strategy that is aimed at ensuring sustainability across their business strategies. The report has also analyzed if such a strategy is being communi...

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Glencore, Britishvolt to develop a battery recycling plant in the U.K.

The recycling facility will process around 10,000 tonnes of lithium-ion batteries per year. Speculations have it that the plant could also employ at least 400 people. Mining giant Glencore has reportedly entered a joint venture agreement with Br...

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Netmarble to foray into Metaverse and NFT space with new game launches

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

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Australia reports lowest daily COVID-19 cases and deaths in two weeks

Australia has reported its lowest number of daily COVID-19 deaths and cases in two weeks, further allowing schools to reopen. Nearly 34,00 new cases and, 44 deaths have been reported recently, the lowest daily count in a month. Although the number o...

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LG Energy Solution’s value tops USD 87 billion in blockbuster IPO debut

Battery manufacturing company LG Energy Solution Ltd. (LGES), which is known to supply some prominent automakers, has reportedly attracted bids worth USD 13 trillion in its stock market debut and marking it as South Korea’s biggest IPO to date....

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U.S. resists plans to make WHO more independent despite COVID-19 crisis

The United States of America is reportedly objecting to proposals intended to grant World Health Organization (WHO) more independence, raising serious doubts about current President Joe Biden's long-term endorsement for the agency. According to ...

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ProKidney prepares to go public through a USD 2.6 billion SPAC merger

  The IPO is expected to offer gross cash proceeds of around USD 825 million. ProKidney’s lead product “REACT” is known to stabilize, slow, and even reverse kidney failure. ProKidney, a therapeutic venture focused on trea...

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India could have 50 more startups with unicorn status in 2022: Report

According to a report given by PwC India, the country has 50 startups that have shown potential to enter the prestigious unicorn club in 2022. By the end of this year, at least 100 new-age companies are expected to be valued above the USD 1 billion m...

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U.S. records 1.35 Mn COVID-19 cases in a day, setting a global record

The United States has recorded 1.35 million new Coronavirus cases, shattering global record of the highest daily total cases registered by any country in the world. The development comes amidst the widespread outbreak of the Omicron variant across th...

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U.K. manufacturers predict enhanced output despite Brexit & inflation

According to an industry study released recently, British manufacturers are quite optimistic that this year the business conditions and productivity is likely to improve, despite the fact that most have been affected by Brexit and rapid inflation. &...

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Amazon to partner with Stellantis to develop green vans & smarter cars

Amazon.com Inc. and Stellantis N.V have revealed that they will partner to produce smart cars and trucks. The duo will also work on deploying electric vans which would be produced by Stellantis for Amazon’s delivery network. Both Amazon and St...

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Planet Fitness bags WELL health-safety rating for facility operations

Planet Fitness has reportedly become the first fitness brand to receive the WELL Health-Safety Rating for Facility Operations and Management from the International WELL Building Institute (IWBI). Planet Fitness is one of the largest and fastest-expa...

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Radisson Hotels, Sunfuel partner to develop EV charging points in India

U.S.-based hospitality major Radisson Hotels has reportedly joined forces with charging network startup Sunfuel Electric to offer EV charging stations across its properties in India. Gul Panag, the co-founder, and head of Partnerships and Community ...

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Intel to set aside USD 7 billion for a chip-packaging plant in Malaysia

The investment plan is likely to produce around 9,000 jobs in the country. Intel intends to expand its production capacity amidst the worldwide shortage of semiconductors. Intel Corporation is reportedly planning to invest over UDS 7 billion t...

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OPEC optimistic on global oil demand as fears over Omicron subside

OPEC has reportedly raised its forecast figures for world oil demand for the first quarter of 2022 but has kept its yearly growth prediction steady, stating that the COVID-19 Omicron variant would only mildly impact market growth as the world adjusts...

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Marriott set to revamp its Courtyard brand amidst growing competition

Courtyard by Marriott Hotels has long maintained its status of being the second-largest revenue-generating brand without making any major changes over the years. However, the 40-year-old brand is now planning for a landmark makeover in the U.S. as c...

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Tesla launches ‘Full Self-Driving’ beta software with enhanced features

EV leader Tesla has reportedly started rolling out Full Self Driving (FSD) Beta software update – version 10.6 – for vehicles in its early access program. The US-based company had been delaying the long-awaited update multiple times. Wit...

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EVs could capture 50% revenue share of major markets by 2030: Report

According to a report provided by KPMG, more than 50% of the total vehicle sales will be controlled by the EV segment by 2030. Electric vehicles are rapidly gaining a large share in the mainstream global automobile market. With electric two-wheelers...

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Tesla app outage led to several drivers being locked out of their cars

Several owners took to social media to vent out as they were unable to utilize their vehicles due to the app outage. CEO Elon Musk has apologized and guaranteed that it does not re-occur in the future. Several Tesla owners were reportedly una...

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EU lawmakers agree on new terms for regulating Big Tech companies

European Union lawmakers have reportedly settled on new terms for targeting Big Tech companies, an effort to reduce anti-competitive practices in the digital world. According to sources, major political parties in the European Parliament agreed to a...

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Ferrari F-1 cars to switch to second-generation ethanol fuel from 2022

Ferrari Formula 1 team has reportedly entered into an agreement with Raizen SA and Shell Plc to purchase second-generation, high-performance ethanol from next year, when the main motorsport category will start using 10% ethanol blend in gasoline. Th...

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China produces record high coal output to address energy, price crux

China's coal output in October reached its highest level since at least March 2015, after Beijing’s approval of coal mine expansions to reduce exorbitant prices and improve supply. According to figures from the National Bureau of Statistic...

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S. Korea temporarily cuts fuel taxes to tackle skyrocketing oil prices

The government of South Korea has reportedly announced that it has cut fuel prices by 20% for six months until April end next year. The tax-cut comes under a bid to ease the impact of skyrocketing oil prices on the nation’s inflation and its ci...

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Content Llama raises $2.8Mn to boost expansion and promote employment

Donegal-based automated product content configuration platform, Content Llama has reportedly raised USD 2.8 million (EUR 2.5 million) in a funding round led by the Western Development Commission and Elkstone Partners. It has been speculated that the...

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Wockhardt, RDIF to produce Sputnik V, Sputnik Light COVID-19 vaccines

Pharmaceutical firm, Wockhardt has recently announced that it has teamed with the Russian Direct Investment Fund (RDIF) to produce and supply COVID-19 vaccines Sputnik V and Sputnik Light. ENSO Healthcare, RDIF's coordination partner for supplyin...

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U.S. lifts Covid travel ban, braces for international travel surge

The United States is likely to witness a surge in the number of inbound travelers and arrivals, as a majority of the globe’s population would be allowed to enter the country for the first time since March 2020, after the nation had closed its b...

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Sega, Microsoft to explore cloud gaming to develop big-budget games

Japanese entertainment firm Sega Sammy Holdings recently announced plans to explore a strategic partnership with Microsoft Corporation for producing big-budget games using the cloud gaming technology of the Xbox maker, sparking speculation that the m...

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India to probe Facebook algorithm following whistleblower’s allegations

Social media platform Facebook is once again under scrutiny in India, after documents made public by whistleblower Frances Haugen showed alleged discrepancies in algorithmic recommendations. The Government of India began the investigation due to alle...

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China unveils plans to reinforce stringent safety standards for EVs

This news comes amid rising incidences of battery fires and breaks failures. China will require automakers to have a 24-hour emergency response system to address major accidents. China is planning to reinforce strict safety standards for electri...

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Facebook testing new option for cross-posting content to Instagram

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

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General Motors to recoup USD 1.9 Bn from LG spent on Bolt EV recall

GM will recover almost all the costs from the recall of its Bolt EV models. Despite the EV battery manufacturing mishap from LG, the two companies will continue to work together. General Motors (GM) has agreed to recover around USD 1.9 billion f...

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Tata Motors records 25% jump in global sales in second quarter of 2021

The automaker’s annual wholesale growth has been around 24%. The company saw a 10% rise in passenger car sales during Q2 2021, as compared to the same period in 2020. Tata Motors Limited reported substantial growth in Q2 2021, with its glo...

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Carbon Budgets for corporate business travels to hit airlines: Report

With major companies considering ways to reduce carbon emissions from corporate travel, airlines are preparing for a setback in business-class travel, which is an important revenue driver according to industry experts and executives. The airline ind...

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Volvo looking to bag USD 2.9 Bn in IPO for its electrification efforts

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

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Thailand might order 200,000 courses of anti-COVID drugs from Merck

Thailand’s government is reportedly in talks with U.S. Pharmaceutical giant Merck & Co. to order 200,000 courses of the company’s experimental anti-viral COVID pills. Confirming the news, the Director-general of the Department of Med...

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Mirum’s Livmarli becomes first FDA approved ALGS therapy

California-based Mirum Pharmaceuticals Inc. has reportedly announced that its drug, Livmarli (Maralixibat) has become the first U.S. FDA approved therapy for treating itching (cholestatic pruritus) in patients suffering from Alagille Syndrome (ALGS),...

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Netflix unveils members-only mobile games in select European markets

Three new gaming titles namely Shooting Hoops, Teeter Up, and Card Blast will be launched by the platform. These titles are completely free to play and include no in-app purchases or advertising. Netflix Inc. is reportedly launching three more ...

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FedEx Logistics opens new office in Seoul to expand its global network

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

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Oracle introduces first-of-its-kind AI-powered digital marketing system

Database software pioneer Oracle Corp. recently launched the ‘Fusion Marketing system’, an AI-powered automation solution for digital marketing as it continues to compete with the likes of Adobe Inc and Salesforce.com in selling cloud-bas...

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FloBiz bags USD 31 Mn in Series B round led by Sequoia Capital India

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

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Volkswagen allies with chipmaker Arm to develop software-defined cars

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

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China develops tracking device to monitor data sent abroad by vehicles

A government-backed agency known as the CAERI (China Automotive Engineering Research Institute Co. Ltd.) has reportedly developed a mechanism to track data that has been transmitted abroad using in-vehicle communication systems. According to the CAE...

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IBM launches new generation Power servers to enhance cloud performance

IBM Corp. has announced the launch of its IBM Power E1080 server, which is the first server based on the new Power10 processor, developed especially for hybrid clouds. The E1080 server has been designed to provide high-security server platforms and t...

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Volkswagen, Argo AI unveil first ‘ID Buzz’ autonomous driving prototype

German vehicle manufacturer Volkswagen and autonomous driving technology company Argo AI revealed the first model of their automated driving vehicle ID Buzz AD at a press conference ahead of the 2021 Munich auto show. The electric ID Buzz is a retro...

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LinkedIn planning to shut down its Stories feature by end of September

LinkedIn Corporation is reportedly planning to retire the Stories feature from its professional networking platform by the end of September 2021. Instead, the company is working on introducing a reimagined video experience, a move that was predominat...

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SVOLT reveals first ever cobalt-free battery to reach series production

Chinese EV battery manufacturer, SVOLT Energy Technology Co. Ltd. has reportedly introduced the first-of-its-kind cobalt-free battery that has obtained series production. The battery pack has been assembled in Great Wall's electric SUV, ORA Cherr...

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JD.com reports 32 Mn new users in Q2 2021 amid tightening regulations

Beijing-based e-commerce giant JD.com Inc. reportedly recorded 32 million new users in the second quarter of 2021 and recorded substantial growth in its marketplace and logistics divisions, despite the ongoing regulatory crackdown in China. Since la...

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YouTube Premium members now get free access to Stadia Pro for 3 months

Tech giant Google announced that it is offering free access to Stadia Pro for YouTube Premium members, a move that could entice users to use the paid version of the popular video-sharing platform. The promotion, however, is currently only available ...

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GM to replace recalled Bolt EVs’ battery modules to minimize fire risks

General Motors will reportedly be replacing the battery modules installed in certain Chevrolet Bolt EVs that it had recalled last month, citing risks of fire. According to sources, the company had sent out notices to some owners saying they can book...

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Japan economy records 0.3% growth in Q2 despite Delta-variant threat

After witnessing a contraction in the previous quarter, Japan's economy saw a 0.3% rise during the three months ended June, recording a higher-than-expected growth amidst the surge in coronavirus infections and imposition of new restrictions. No...

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Volkswagen unites with Tesla in seeking lower EV import tax in India

Volkswagen AG, the second-largest carmaker in the world, is calling for a reduction of import duties on electric vehicles in India to propel the demand for clean vehicles, resonating with Tesla’s recent pitch which has divided the auto industry...

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Instagram testing new ads feature in its shop tab with U.S. brands

Popular social networking site Instagram is reportedly working on expanding its eCommerce business by introducing new Ads feature in its Shop tab. The addition enables users to shop online with an integrated checkout experience. This initiative is b...

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Twitter introduces third-party signup, login support for Apple, Google

The new feature eliminates the need to enter email and password to sign in. Signing in using your Apple ID is currently available only on iOS devices. Popular microblogging platform Twitter has reportedly introduced third-party login support to ...

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Sony sells 10 million Play Station consoles just 294 days after launch

Sony has reportedly managed to sell around 10 million Play Station 5 consoles in 249 days after its launch in November 2020. The company had sold approximately 7.8 million PS5 units as of April 2021. In comparison, approximately 10 million units of ...

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Chevrolet Camaro could be replaced by a potential all-electric sedan

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

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Sequoia India launches Spark Fellowship to support female entrepreneurs

The Spark fellowship program is for women entrepreneurs in India and Southeast Asia. The year-long program is aimed at bringing more gender diversity and supporting startups led by women. Sequoia Capital has recently revealed the launch of a yea...

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Biden names avid tech critic Jonathan Kanter as DOJ antitrust chief

U.S. President Joe Biden will reportedly nominate Jonathan Kanter, a competition lawyer, and fervid Google critic, to head the antitrust division of the Justice Department. Kanter has been actively representing several companies in competition cases...

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UK’s Freedom Day tainted by growing infections and PM’s self-isolation

U.K. Prime Minister Boris Johnson’s ‘Freedom Day’ has reportedly been ruined by forced self-isolation, rising COVID-19 infections, and warnings of shortages in supermarkets. For the record, England has had strict lockdowns since th...

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British supermarkets might move supply chains to the European Union

The move comes amidst trade disputes with Northern Ireland. The CEOs of three British supermarkets are seeking discussions with the EU and the U.K. governments. The three major supermarket groups, namely Tesco, Asda, and Sainsbury’s are re...

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Bangalore-based Ati Motors secures USD 3.5 Mn in pre-Series A funding

Ati Motors, a manufacturer of autonomous industrial vehicles, has reportedly secured USD 3.5 million in a pre-Series A funding round led by Exfinity Venture Partners and Blume Ventures. The fresh investments will be deployed for improving Ati Motors&...

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Twitter releases India Transparency Report to comply with new IT rules

Popular microblogging site Twitter has released its first India Transparency Report as well as a Resident Grievance Officer, Vinay Prakash to comply with the country’s new IT rules. The announcement comes after the social media platform found i...

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Virgin Galactic VSS Unity accomplishes first fully crewed spaceflight

British-American spaceflight company, Virgin Galactic Holdings, Inc. has announced that its suborbital spaceplane, VSS Unity has successfully made it to space, completing the organization’s fourth rocket-powered spaceflight. This was the space...

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Instagram and Twitter might integrate NFTs auctions on their platforms

Reportedly, Instagram and Twitter are looking to incorporate non-fungible tokens (NFTs) in their platforms. The social media giants are eyeing to incorporate collectible labels that imply an NFT auction associated with a certain post, as per develope...

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Sydney lockdown extended by a week due to risks of Delta COVID variant

Australia's New South Wales (NSW) state leader has recently announced the extension of Sydney's COVID-19 lockdown by a week. The move comes with a warning proclaiming that new cases of the highly infectious Delta COVID variant are bound to ri...

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Apollo Impact to buy 67% stake in recycled cartonboard maker RDM Group

Alternative asset management company, Apollo Global Management, Inc. has announced that certain funds managed by its affiliates have recently entered into agreements to buy a majority stake in RDM Group (Reno De Medici S.p.A.), a leading European pro...

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Twitter plans to revamp labels with color for ‘misleading’ tweets

American micro blogging and social networking platform, Twitter Inc., has announced that it is testing new methods to contextualize misleading tweets that are not harmful enough to be removed from the platform entirely. The company recently tweeted ...

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Envision Group to invest USD 2.4 Bn for Renault’s electric vehicles

Envision Group of China is reportedly planning to invest up to USD 2.4 billion (2 billion euros) in a battery plant in northern France to make way for a low-cost electric vehicle range from Renault SA. According to Renault, the deal is part of the E...

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Google Drive, YouTube’s new security updates to impact old links

Google is reportedly implementing some security changes that will affect an unknown number of old links on Google Drive and YouTube. Creators can opt-out of the switch, and keep their videos in their current state if they want. However, videos and fi...

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India proposes strict compliance rules for online shopping platforms

The Ministry of Consumer Affairs in India is reportedly planning a ban on flash sales conducted on e-commerce platforms and ensuring that affiliate entities are not listed as sellers on such websites, in a proposed tightening of regulations that coul...

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Facebook adds ‘The Healthy Indian Project’ to its fact-checking arm

Social networking giant Facebook is reportedly growing its third-party fact-checking program in India by adding The Healthy Indian Project (THIP) as its first health-specialist partner. According to a statement, the addition of THIP as a fact-checki...

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Samsung’s new chip module brings flagship features to mid-range phones

South Korean multinational technology firm Samsung Electronics Co. Ltd. has reportedly announced the mass production of its new smartphone memory solution, the LPDDR5 UFS-based multichip package (uMCP). It combines UFS 3.1 NAND flash with LPDDR5 DRAM...

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Ransomware attack forces JBS to pay USD 11 million to extortionists

The world's largest meatpacking company JBS S.A. has reportedly shut its operations in Australia and North America due to a ransomware attack. The firm paid a ransom equivalent to USD 11 million to prevent any further disruption by the attackers....

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Volkswagen invests USD 620 million in Northvolt’s latest funding round

Northvolt will use the fresh funds to expand its manufacturing capabilities to cater to the rising demand for electric vehicles. Volkswagen currently owns around 20% stake in Northvolt. German automotive giant Volkswagen AG has reportedly invest...

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GM expands Onstar Guardian service reach beyond its vehicle owner base

Onstar Guardian app can be downloaded on both and Android and Apple smartphones. Subscription to the app will be offered at USD 15 per month. American automotive giant General Motors (GM) has expanded the subscription base of its Onstar Guardian...

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IPO-bound Zomato to shift its entire fleet to electric vehicles by 2030

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

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Airtel Africa sells its Tanzanian tower business for USD 175 million

Multinational telecom and mobile service company Airtel Africa plc has recently announced the sale of its Tanzanian tower portfolio to a joint venture enterprise of SBA Communications Corp. as well as Paradigm Infrastructure Ltd. for around USD 175 m...

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Samsung, AMD working to bring PC gaming technology to smartphone chips

Advanced Micro Device Inc. commonly known as AMD has reportedly teamed up with Samsung Electronics Co. Ltd. to integrate the RDNA 2 graphics technology for the latter’s flagship smartphones. This will potentially give a boost to the GPU perform...

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Texas law prevents Tesla from selling state manufactured EVs to Texans

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

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Yalo bags USD 50 million in B Capital Group-led Series C funding round

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

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Google under probe from German antitrust regulator over data terms

American technology giant, Google LLC, is facing immense heat in Germany, as the country’s antitrust watchdog has launched a probe to determine whether the company is exploiting its market dominance with inappropriate methods of handling user d...

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Tesla faces multiple lawsuits in the U.S. for solar roof price hikes

A new lawsuit was recently filed against Tesla Inc. in California, seeking class-action status for its ‘Solar Roof’ customers. This is the second lawsuit filed in California following similar litigation in Pennsylvania. Knowledgeable sou...

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Amazon to retire its standalone 2-hour delivery app Prime Now globally

Prime Now’s 2-hour delivery feature will soon be available on the main Amazon app. Amazon intends to provide users a unified platform for all its services.  After recently introducing a YouTube-like video streaming service to its prim...

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Amazon faces 5 lawsuits on grounds of discrimination and reprisal

Amazon is reportedly facing five new lawsuits on the pretext of discrimination and retaliation at work, mostly from white male managers. Present and previous Amazon warehouse and corporate employees filed the cases in Washington, California, Arizona...

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Amazon exploring MGM Studios buyout to expand its streaming services

Amazon is reportedly seeking to acquire Metro-Goldwyn-Mayer (MGM) Studios Inc., an American media company, at USD 9 billion. The acquisition will allow Amazon to stream MGM’s vast collection of popular movies and TV shows such as Rocky, James B...

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DCGI gives greenlight to Covaxin phase 2,3 trials for 2 to 18 year-olds

The DCGI (Drugs Controller General of India) has reportedly approved Hyderabad-based firm Bharat Biotech's proposal to conduct Phase 2 and 3 clinical trials of the COVID-19 vaccine, Covaxin, among children aged 2 to 18 years. In the trial involv...

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Amazon launches in-app video streaming service Amazon miniTV in India

E-commerce giant Amazon has recently launched a free video streaming service called Amazon miniTV in India. Available on the primary Amazon app, the new feature will help in improving the sales and the overall user experience, cited sources close to ...

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Gordon Murray Group planning to develop electric delivery vans and SUVs

Formula One race car designer, Gordon Murray Group, has recently announced plans to invest USD 420 million over the next five years in a slew of ventures including manufacturing electric delivery vans and SUVs as it aims to become an all-electric sup...

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Amazon blocked 10 billion listings amid rising counterfeiting concerns

For a while, Amazon has been facing a lot of pressure from brands, customers, and lawmakers to boost its anti-counterfeiting efforts on its renowned platform. Recently, the world’s largest online retailer has claimed to have blocked more than 1...

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U.S. government to help Colonial Pipeline recover from a cyberattack

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

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Instagram brings new captions feature to its reels and video stories

Instagram has reportedly added a new captions sticker for its Reels and video Stories, allowing the users to watch without sound or audio. The new feature makes it easier for users who are deaf or hard of hearing to interact with video content but a...

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Lufthansa Group to swap old A340 planes with 10 new long-haul jets

The parent company of German airline Deutsche Lufthansa AG, Lufthansa Group, reportedly said it would purchase a total of 10 long-haul aircraft, including 5 Boeing B787-9s and 5 Airbus A350-900s, to replace aging Airbus A340 planes in an effort to mo...

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Facebook, Google sign content deals with Australia’s Seven West Media

Seven West Media, an Australian newspaper and television firm, has reportedly signed a content deal with Facebook Inc. and Google LLC in the wake of recent landmark laws that have enabled the industry to obtain new revenue sources and adapt to the in...

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Microsoft considered reducing Xbox Store fee to revive console gaming

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

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Baidu Apollo to introduce a driverless ride-hailing service in Beijing

The autonomous driving market has been witnessing significant expansion off late, with several tech companies focusing on deploying innovative solutions. One such company, Baidu Inc., is reportedly planning to launch fully driverless robotaxi service...

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Lockheed Martin picks Thales to deploy dipping sonars to global navies

Thales Group has recently entered into an agreement with Lockheed Martin for delivering 55 airborne warfare sonars. The anti-submarine airborne low-frequency sonar (ALFS) installations will be carried on the MH-60R platform for the U.S. Navy, as well...

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Porsche India witnesses highest quarterly sales growth in 7 years

Porsche India has reportedly witnessed a whopping 38% quarterly growth as compared to the same period during the previous year. The company’s range of two-door sports cars has witnessed a 26% year-on-year increase in demand of late. The first ...

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Google’s Q&A search feature could be taken down by June-end: Report

Google LLC is reportedly planning to shut down its “Question & Answers” section on its search page by 30th June 2021. The handy feature is known to provide quick information snippets and is particularly popular on multiple search resu...

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Snapchat records more daily active users on Android, leaves behind iOS

Snapchat recorded over 280 million daily active users this year. Parent company Snap Inc. is currently valued at USD 770 million, 66% higher than last year. Snapchat, the popular multimedia messaging app has claimed that it now has more Android ...

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Iron Mountain to expand service reach in India with Web Werks alliance

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

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Apple to relaunch right wing ‘free-speech platform’ Parler on App Store

American multinational technology giant Apple Inc. will bring back Parler, a social media app supported by U.S. conservatives, to its App Store after its impetuous pulldown following the U.S Capitol riots on January 6th this year. Reportedly, Apple ...

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Facebook to allow staff to permanently work from home post the pandemic

Social media giant Facebook Inc. is reportedly planning to allow staff to continue working from home even after the Coronavirus pandemic ends. Eligible staff will be able to apply for permanent work from home, although subject to their relevant manag...

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Lo! Foods bags USD 1 million in pre-series A funding, eyes expansion

Lo! Foods, a Bengaluru-based consumer goods startup has reportedly secured USD 1 million during its pre-series A funding round, which was led by Chona Family Office, the former promoters of the renowned Hamvor Ice Cream. Other investors that partici...

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U.S. DOJ to intensify review of American Airlines-JetBlue partnership

American Airlines and JetBlue had announced their partnership in July last year. According to the Justice Department, the deal may cause inflated fares at major traffic hubs. The United States Department of Justice (DOJ) has reportedly stepped ...

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Xiaomi and Oppo team up with UNISOC to manufacture in-house 5G chipsets

The two companies intend to introduce their custom-made sub-6GHz 5G chipsets by the end of 2021. UNISOC has managed to raise around USD 817.20 million for its new venture. Chinese electronics giants including Xiaomi Corp. and Guangdong Oppo Mob...

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Twitter explored USD 4 billion takeover of audio-chat app Clubhouse

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

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Beyond Meat sets up factory in China to expedite localized innovation

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

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Mitsubishi Heavy Industries opens a new technical center in Singapore

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

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Snap Inc. planning to launch new AR glasses along with an alleged drone

Snap Inc., the parent company of the renowned multimedia messaging platform Snapchat, is reportedly planning to continue its foray into the hardware device industry by launching augmented reality (AR) glasses dubbed as Spectacles 3, along with a dron...

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U.S. extends antitrust probe on Sony Corp. over ‘Anime’ monopoly

The US Department of Justice is reportedly extending its antitrust review for the USD 1.175 billion acquisition deal between Sony and AT&T for major anime-streaming giant Crunchyroll last year. The investigation extension comes along the heels o...

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Microsoft in talks to acquire VoIP platform Discord for USD 10 billion

Microsoft Corp., an American multinational technology giant is in talks to acquire Discord, gaming-focused VoIP and chat software for over USD 10 billion, cited sources aware of the development. Discord was reportedly seeking a USD 10 billion-plus s...

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ByteDance-owned Nuverse to acquire Moonton Technology for USD 4 billion

Nuverse, a ByteDance-owned game development and publishing company, has reportedly signed an agreement to acquire Shanghai-based video game developer Moonton Technology. The USD 4 billion acquisition will allow ByteDance to expand further into the vi...

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UK food delivery firm Deliveroo aims for up to £8.8B valuation for IPO

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

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Schlumberger to develop new lithium extraction pilot plant in Nevada

Schlumberger New Energy, a leading energy technology provider, has recently announced the development of a new lithium extraction pilot plant through NeoLith Energy, its new venture. This new plant will be deployed in Clayton Valley, Nevada, the U.S....

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Leap raises $17M in Series B funding round led by Jungle Ventures

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 and...

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Alphabet’s Google to face lawsuit from NLRB for violating labor laws

In a recent turn of events, U.S. government body National Labor Relations Board (NLRB) has reportedly issued a complaint against American multinational technology company, Google LLC for unlawfully monitoring as well as questioning its workers and su...

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Britain’s CMA to levy tougher competition rules on Google and Facebook

Facebook and Google accounted for around 80% of the total 14 billion pounds spent on digital advertising in 2019. MOW has reportedly accused Google of modifying its Chromium developer tools and Chrome browser to get greater control over advertiser...

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Amazon, U.S. Government team up to prevent sale of counterfeit goods

According to reliable sources, Washington-headquartered American multinational technology company, Amazon.com Inc has reportedly initiated a joint venture with the U.S. government’s counterfeit agency, the IPR Center (National Intellectual Prop...

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Snapchat announces the launch of in-app TikTok competitor Spotlight

Snapchat, an American multimedia messaging platform, has reportedly launched a new section of its application called Spotlight. The new feature will offer surface video content and will allow the company to compete with Chinese video sharing platform...

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Google Pay updated to become an all-in-one-bank ahead of Plex launch

Google’s digital wallet and online payment system Google Pay has reportedly been updated with a bunch of new features, UI, and a logo. Sources with relevant information claimed that these changes are a result of huge upscaling of Google Pay as ...

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Alibaba generates revenues worth USD 74 billion in Singles Day sale

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 recently witnessing a 10% decline in it...

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MRI Software announces acquisition of Jenark™ from CoreLogic

MRI Software, one of the leading providers of innovative real estate software applications, has reportedly acquired Jenark™ property management software from CoreLogic Inc. The acquisition of Jenark aligns with MRI Software’s existing pr...

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AstraZeneca to present results of Farxiga’s DAPA-CKD trial at ESC 2020

According to reliable sources, British-Swedish multinational pharmaceutical company AstraZeneca plc will present the much awaited results of the Phase III DAPA-CKD trial of Farxiga in CKD (chronic kidney disease) at ESC Congress 2020. Sources with r...

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FDA grants Emergency Use Authorization to Abbott’s COVID-19 antigen

Abbott Laboratories, a U.S.-based medical devices and healthcare firm, has reportedly received the Emergency Use Authorization (EUA) from the U.S. FDA (Food and Drug Administration) for the detecting COVID-19 virus with its portable antigen test Bina...

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Hyundai Wia Corp. signs gun parts export contract with BAE Systems

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 will supply over 106 types of gu...

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NHS requests urgent donations of blood plasma from COVID-19 survivors

According to reliable sources, United Kingdom National Health Service (NHS) has filed an appeal to the individuals recuperated from novel coronavirus to donate blood plasma. The organization apparently intends to treat the people who get infected dur...

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OSE Immunotherapeutics receives $228,000 to develop COVID-19 vaccine

The novel coronavirus outbreak has turned out to be one of the worst disasters the world has witnessed in recent times. At times like this, pharmaceutical companies worldwide have been putting their best foot forward to find the vaccine for COVID-19....

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Singapore’s ESR and Sabana REIT propose merger amid pandemic

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 where they were. In the latest st...

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40% of COVID-19 patients are asymptomatic, a new CDC report claims

The ongoing coronavirus pandemic has wreaked havoc worldwide. Dismissed as a slight by the world initially, the virus shocked the scientific and medical communities alike, with the rapid rate of spreading. Very little information about the novel coro...

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AI-centric study abroad platform Edvoy launched by IEC Abroad in India

AI oriented study abroad platform, Edvoy, based out of UK, has reportedly declared its launch in India.  Edvoy, created by IEC Abroad, is a free digital platform that provides impartial advice, support, and content to prospective international s...

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Centuria announces Augusta Capital takeover offer to be unconditional

  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 under management will increase b...

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High likeliness of COVID-19 damaging the brain, claim scientists

The advent of COVID-19 has turned out to be one of worst disasters the world has seen in recent times. In an attempt to thwart its spread, myriad efforts are being undertaken, along the likes of social distancing, nationwide lockdowns, vaccine resear...

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Spanish study raises questions on herd immunity to counter COVID-19

According to credible sources, a Spanish study has raised doubt about the feasibility of herd immunity as a method of countering the COVID-19 pandemic. The study, which is considered to be the largest of its kind in Europe and comprises of around 60,...

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FDA approves ‘Rukobia’ for HIV patients with limited treatment options

The use of antiretroviral therapies (ART) to battle HIV (Human Immunodeficiency Virus) is one of the great achievements of modern medicine. The ART medications can transform HIV from a fatal infection into a more manageable, chronic disease. As per t...

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UK market regulators inspect Apple’s search engine deal with Google

The U.K. Competition and Markets Authority has recently revealed that payments by Google to Apple Inc. to become the default search engine on the tech firm’s Safari web browser creates a barrier to entry and expansion for the search engine gian...

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Amazon Web Services forays into aerospace & satellite business

Amazon Web Services (AWS), a cloud computing subsidiary of Amazon, has officially announced the launch of Aersopace and Satellite Solutions, its dedicated business unit for space projects which boasts of customers like NASA, the U.S. military, and pr...

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GNC files bankruptcy, plans to shut 800 to 1200 stores in the U.S.

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 is also contemplating whether t...

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Yes Bank plans to raise a capital of USD 1 billion through shares

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 to be believed, the bank, which counts on India’s two largest...

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Under Armour launches special face masks designed for workout

In a bid to make working out more convenient during the ongoing pandemic, Under Armour, Inc., has reportedly launched the first-of-kind facial mask designed for the workout which brings hope to runners, cyclists, and all those who get a bit sweaty an...

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UNC School of Medicine announces new kind of test for COVID-19

With the number of people testing positive for COVID-19 increasing to over 7.5 million, the need for extensively applicable surveillance testing for better understanding of infection rates, particularly the number of infections in people with no or m...

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J&J to begin human trial of COVID-19 vaccine in U.S. and Belgium

Johnson & Johnson, a multinational medical device & pharmaceuticals company, has recently announced its plan to commence the human trial of a potential COVID-19 vaccine by the 2nd half of July 2020. The drug maker has been focusing on giving ...

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F&P Appliances are the latest to be hit by Nefilim ransomware

The appliances company was hit by the virus sometime early last week which led the company to temporarily shut down manufacturing and distribution operations. The spokesperson from F&P said that the company has been in constant communication w...

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Twitter to launch new in-app system with ‘Request Verification’ option

Twitter, a microblogging and social networking service provider, is reportedly developing an in-app system for making verification requests. Sources familiar with the matter have stated that the company has added a new option, ‘Request Verific...

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Singapore Airlines successfully raises $10bn amid COVID-19 fallout

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-19 pandemic. The airline disclose...

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New Wave Holdings Corp. funds Delos Psyche to back LSD research

New Wave Holdings Corp., a Canadian company that focuses on entertainment and esports facilities, has recently announced that it would support the Delos Psyche Research Group in its research on determining the impact of small ingestions of psychedeli...

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Research firm discloses exposure of 73 lakh BHIM app users’ data

An independent cyber-security research firm has reportedly revealed that the private details of around 73 lakh Indians in the BHIM app are being exposed. The firm allegedly claimed that users are likely to encounter data-based fraud due to the lax se...

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VW not likely to be shielded from local governments, says US court

A U.S. appeals court has recently ruled that the German automotive major Volkswagen will not be able to escape financial penalties and other liabilities emerging from the company’s diesel emissions scandal. The 9th U.S. Circuit Court of Appeal...

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Scientists devise method to decrease coronavirus count in plasma, blood

Ever since COVID-19 has ravaged the globe, claiming more than 3 lakh lives, various research organizations and scientists the world over, have been striving to introduce a vaccine or a medication or a potential method which could not only reduce the ...

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Netsmart introduces unique mobile screening solution for COVID-19

In the face of the ongoing pandemic spread worldwide, that has disrupted businesses and turned normal lives upside down, companies have been striving to bring about innovative solutions that can ensure people to remain adequately and correctly inform...

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First suspected cases of MIS-C under examination in South Korea

Health authorities in South Korea have lately announced the ongoing medical examination of two children cited as suspected cases of a life-threatening syndrome associated with coronavirus. The two children are apparently the first suspected cases of ...

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SpaceX raises $346 million a day before its debut astronaut mission

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's Space Center in Kennedy, Fl...

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NSW calls for project ideas for its 1st renewable zone in Central West

Public intervention in any form of producing unique ideas and solutions to support the government initiatives, has always been acclaimed as a commendable effort. This eventually has urged various state and central governments to lay their focus on as...

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Teva presents AJOVY’s new data on migraine impact in European adults

The analysis examines impact of migraine in areas of Spain, France, and the United Kingdom. Migraine has been one of the prominent neurological conditions that is mostly prevalent in adults and can cause multiple symptoms such as throbbing headac...

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Australia researchers introduce an internet speed record of 44.2 Tbps

In these crucial times, when high speed internet has become a necessity for all those company employees working from home or the students studying through online courses, Australian researchers have achieved a breakthrough in the bringing forth the f...

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New Leaf Brands buys 100% Share in Digital Health Platform Mindleap

  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 the company improve Mental Health solutions and reduce their time to market New Le...

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Chinese university conducts trials to launch new Covid-19 drug

Scientists at Peking University in China have successfully conducted tests for a new drug which they claim could help in containing the coronavirus pandemic. Since its outbreak in China, the disease continues to be a massive challenge for scientists ...

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WISeKey inks a financing deal with Swiss investment firm Nice & Green

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 & Green SA. Reportedly, Nice &...

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Moderna’s Phase 1 vaccine trial produces antibodies against SARS-CoV-2

Moderna, Inc., an American biotechnology company, recently announced that its coronavirus vaccine candidate has produced protective antibodies among a group of healthy volunteers. Early data has been collected from the trial of the company’s e...

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Commonwealth Bank sells 55% stake in Colonial First State to KKR

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 billion. In a bid to focus more ...

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Gilead inks non-exclusive licensing pacts with 5 generic drug-makers

Gilead Sciences, an American biopharmaceutical company, has recently inked non-exclusive licensing pacts with 5 India- and Pakistan-based generic drug-makers. These licensing agreements have been made to increase the supply of remdesivir, Gilead&rsqu...

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South Korea delays school reopening due to new COVID-19 cluster

South Korea has delayed the process of reopening schools by a week due to the fears of possible 2nd wave of COVID-19 infections. The latest coronavirus cases stem from a new cluster traced to 5 clubs and bars in Itaewon. The number of infected cases...

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Huawei applies for patent on under-screen camera of smartphones

Huawei Technologies, a Chinese multinational technology company, has recently applied for a patent on the under-display camera technology. The new patent, which was submitted in April, is titled “Structure, Terminal Equipment, and Camera Modul...

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Enlivex commences phase II study of Allocetra in COVID-19 patients

The world has joined forces to develop a vaccine for COVID-19 and companies across the globe are scrambling for the first breakthrough. Since the coronavirus spreads easily and is already weakening the healthcare systems of most nations, a vaccine se...

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Gilead in talks with Indian drug producers to offer patented remdesivir

Gilead Sciences, an American biopharmaceutical company, has recently engaged in talks with some leading chemical & pharmaceutical companies in countries including India. The discussion has been held on remdesivir, the company’s patented ant...

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HSA issues stern warning over falsely advertised health products

Singapore’s health statutory board, the Health Sciences Authority (HSA) has recently deleted over 1,700 listings of products from local websites that were falsely making COVID-19-related claims. These products included illegal test kits that ra...

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Rokid unveils wearable, smart temperature-measuring glasses in China

Rokid Corporation Ltd., a Chinese start-up, has recently unveiled wearable smart glasses that measure body temperatures, amid the ongoing coronavirus pandemic. The company is known for developing augmented-reality products that have been adopted in g...

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University Hospital Southampton tests Synairgen’s new COVID-19 drug

UK scientists have developed a new drug for treating coronavirus patients that will be put to trial in the University Hospital at Southampton. UK-based biotech firm, Synairgen has developed this drug which uses the protein called interferon beta that...

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Nintendo admits account breaches of 160k users via NNID

Nintendo, a video game company in Japan, has recently admitted that nearly 160,000 accounts have been hacked and is notifying the affected users. The hackers have reportedly acquired the login IDs & passwords. The company is disabling the gateway...

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Victoria set for 100,000 COVID-19 tests prior to ease of restrictions

Daniel Andrews, the Premier of Victoria, has reportedly stated that 100,000 COVID-19 tests will be conducted in 2 weeks ahead of easing of stage 3 restrictions. Mr. Andrews has added that this initiative is the largest public health testing program,...

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NBCU launches online shopping cart to delve in shoppable content

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 its first ever online shopping ...

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Practitioners doubt the efficacy of hydroxychloroquine for COVID-19

As the debate on hydroxychloroquine’s effectiveness over COVID-19 intensifies, a significant number of physicians across the globe still presume that patients should consume the drug to treat the symptoms of COVID-19. However, the anti-malaria...

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Ramsay Health Care lauds Australia’s plan to resume elective surgeries

Ramsay Health Care, a leading provider of healthcare services in Australia, Malaysia, Indonesia and the U.K, has reportedly welcomed a plan proposed by Australia to resume elective surgeries, considering it as a decent first step but also cautioned t...

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Novartis receives FDA nod for malaria drug trial on COVID-19 patients

Novartis has received approval from the U.S. Food and Drug Administration for clinical trials to study the efficacy of hydroxychloroquine, which is essentially a drug for malaria, for the treatment of hospitalized patients suffering from COVID-19. Th...

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Cognizant engages law enforcement agencies to combat ransomware attack

Cognizant Technology Solutions Corp., a leading IT services provider, was recently hit by a ransomware cyberattack, causing service disruptions to its clients. Cognizant, with an employee base of 300,000, is currently engaging the law enforcement au...

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SpiceJet plans to send employees on unpaid leave amid COVID-19 crisis

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 3 d...

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Amazon Alexa to come with a new longform speaking style

The upgrade would allow Alexa-voiced devices to speak with a more natural conversation style. Amazon’s virtual assistant AI technology, Alexa have recently been upgraded with a new speaking style, available for developers in the U.S. who want ...

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UNSW announces POC to enable cheaper & robust quantum computing

Researchers at the University of New South Wales (UNSW) have recently made claims on finding a proof of concept to deliver cheaper, warmer, and robust quantum computing which can be manufactured using conventional silicon chip foundries. According t...

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UK regulator gives green light to Penlon’s ESO2 medical ventilator

As the COVID-19 pandemic has significantly increased the demand for ventilators, leading manufacturers worldwide have responded quickly by surging production. However, ventilator manufacturers are still waiting to get regulatory approval for the depl...

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Apple Maps data to be used to track movement under COVID-19 lockdown

Apple is reportedly providing the data generated with the help of its native GPS app to the governments and various other agencies who seek to track the mobility of people during COVID-19 isolation orders. Apple has specified that it will be using th...

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Mayo Clinic & the University of Minnesota offer antibody testing

In a bid to curb the spread of coronavirus, several medical institutes and researchers are conducting striding initiatives like community-wide testing and drug development. Recently, the University of Minnesota and Mayo Clinic made a similar move whe...

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Airbus cuts back production of jets amid rising COVID-19 concerns

Aircraft manufacturer Airbus is reportedly set to reduce jet plane production by a third. This decision has been taken considering the possibility of further impact on the global aviation industry by the coronavirus epidemic, even after the easing of...

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AIVITA declares updates for AV-GMB-1 clinical trial in GBM patients

AIVITA Biomedical, Inc., a biotech firm developing innovative cell therapies, has recently announced updates to the survival data after the year-end analysis of the ongoing AV-GBM-1 Phase 2 clinical trial in newly diagnosed glioblastoma (GBM) patient...

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WhatsApp limits forwarding to curb spread of fake news during COVID-19

WhatsApp, the renowned internet-based messaging app, has reportedly announced plans to start putting a considerable limit on message forwarding, in an effort to curb the spread of false information in the midst of the COVID-19 pandemic. The Facebook...

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Walgreens will provide drive-thru testing for COVID-19 in 7 US states

Walgreens, a leading drug store chain in the United States recently announced plans to open 15 drive-thru facilities for coronavirus COVID-19 testing in seven states. With mounting cases of COVID-19 and the respiratory illness it is causing, Walgree...

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Gilead to donate 1.5M doses of remdesivir to treat COVID-19 patients

Gilead Sciences, Inc., an American biotechnology company, has recently announced its plan to donate 1.5 million doses of the investigational drug, remdesivir. These 1.5 million doses will be used for over 140,000 treatment courses among coronavirus i...

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Bunnings Warehouse launches a range of fitness equipment online

The retail giant will be selling equipment like rowing machine, treadmills, cross trainers, and exercise bikes starting at $349. Bunnings Warehouse, an Australian household hardware chain, has reportedly launched an affordable range of fit...

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Home Depot to reserve masks for frontline healthcare professionals

As COVID-19 cases continue to soar in America, medical professionals on the front lines are facing a shortage of masks and other protective equipment. To cope up with increasing demand, The Home Depot Inc., one of the leading home improvement retaile...

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Scientists create AI system to read and convert brain activity to text

Scientists have recently created an artificial intelligence that is capable of turning the brain activity into text output. The system is working on neural patterns currently that get detected once a person speaks aloud. Experts have stated that it c...

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Virgin Orbit to mass-produce ventilator devices for U.S. hospitals

Virgin Orbit, the rocket company of Richard Branson based in California, has recently partnered with medical researches and for the development of a ventilator device that the company has been aiming to mass-produce and send to numerous hospitals acr...

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1CellBio to provide early access to new targeted cell sequencing

The U.S.-based biotechnology company, 1CellBio Inc. has recently revealed early access program for its latest droplet-based targeted cell sequencing and selection abilities. Reportedly, this latest approach aligns with the present inDrop™ workf...

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3CLogic focuses on global expansion, declares Series B funding round

Cloud contact center solution provider 3CLogic has apparently declared a Series B financing round worth USD 9 million. Reliable reports claim that the round was mainly led by True Blue Partners and Capitan Investment Partners, while the other partici...

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miDiagnostics secures €14M to commercialize rapid clinical testing

Leuven-based biotech firm miDiagnostics has recently concluded a €14 million investment round. The funding round was led by leading life science and technology investors, including Dr. Ir. Urbain Vandeurzen and Dr. Rudi Pauwels, as well as exist...

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ATUM to offer Protein Synthesis Platform to COVID-19 test tool developers

As the coronavirus pandemic reaches community level, prominent companies have come forward to aid medical researchers in accelerating their drug development process. ATUM, an American biotechnology firm, recently made a similar move when it revealed ...

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Alibaba & Jack Ma foundation announces aid for 10 more Asian countries

As the number of COVID-19 cases grows across Asian countries, several global organizations are stepping up to help curb the growing spread of the disease by offering several aids such as masks, check-up kits, and other necessary things. Alibaba Grou...

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GeNeuro temporarily suspends MS trial, will focus on COVID-19 efforts

The pharmaceutical firm will prioritize resources towards COVID-19 pandemic Phase 2 trial in MS patients will commence once the hospitals have enough research capacity Switzerland based biopharmaceutical firm- GeNeuro has recently announced t...

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Saniona finishes six months double blind Phase 2a trial of Tesomet

Saniona, a renowned biopharmaceutical firm focusing on rare disorders of the central nervous system, has reportedly announced that the last patient has successfully completed the last visit in the company’s six-month, double blind Phase 2a stud...

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CERo confirms research partnership and $40 million funding round

CERo Therapeutics, Inc., the privately-owned biopharma firm, recently announced that it will be collaborating for research with Lyell Immunopharma, Inc. for the development of next-gen cell-based immunotherapy solutions to treat solid tumors. CERo al...

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DoorDash plans to lower or waive commission fees for restaurateurs

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 in marketing funds to aid independent restaurants DoorDash Inc., a San Francisco based food deliv...

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EMQ to extend financial service operations across 18 African countries

·         Enhanced mobile solutions to over 30 million African customers living outside their country ·         Will expand service across North and South ...

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ServiceNow unveils four emergency apps for COVID-19 crisis management

As the fear of the coronavirus outbreak is growing across the world, tech companies are rolling out new apps to safeguard its clients. A similar instance came into light when ServiceNow, Inc., one of the leading digital workflow management companies,...

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Bel Power Solutions unveils TCP4000 Series fanless 4 kW power supply

Bel Power Solutions, a part of the Bel group and a global manufacturer of power management devices, has reportedly announced the TCP4000 Series of three-phase, fanless 4000 Watt AC-DC converters, that are appropriate for a number of industrial applic...

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U.S. cardiac care startup Heartbeat Health secures US$8.2 million

The series A funding round was led by Optum Ventures and .406 ventures The company aims at expanding the delivery of advanced virtual cardiovascular care Heartbeat Health – a New York headquartered startup focusing on enhancing cardiovascu...

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QED Therapeutics doses first patients in infigratinib clinical trials

The trial monitors infigratinib in the post-surgery treatment of invasive urothelial carcinoma   Volunteers with a high risk of cancer recurrence after the surgery are being given FGFR3 genetic alterations California headquartered pharmac...

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The US Air Force presents $3 mn award to AFIMSC innovation project

The project will use drones and machine learning to bring a paradigm shift in the way the Air Force Civil Engineer Center collates data.   The technology will be applied to a battery of installation and mission support requirements The US ...

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K-Tec acquires Ashland Industries to enhance geographical footprint

K-Tec Holdings LLC, an earthmoving firm owned by private investment firm ORG LLC (Owner Resource Group), has recently revealed the purchase of Ashland Industries Holdings Inc. Reportedly, the newly merged firm would be headquartered in Canada’s...

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Samsung Electronics introduces its first Human-centric LED components

Samsung Electronics has introduced its first human-centric LED packages, under the name LM302N. It is believed that the LM302N family tends to help human bodies maintain melatonin levels indoors, thereby making them feel relaxed and exuberant based o...

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Phoenix Lending announces the launch of novel Stable Income Products

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. Since the launch on February 1...

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EU and U.S. to partner to counter Huawei’s dominance on next-gen 5G

The European Union and the United States are likely to partner to counter the increasing dominance of Chinese tech giant, Huawei Technologies on next generation 5G telecommunications technology. However, this partnership will reportedly only come int...

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CytoDyn files Phase 2 basket trial for cancer antagonist Leronlimab

CytoDyn Inc., announced that it has submitted a Phase 2 protocol with the U.S. Food and Drug Administration (FDA) for a basket trial under its cancer IND. The company can instantly start enrollment in this trial to offer therapy for around 22 various...

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Pyxus inks agreement with Turning Point to initiate PMTA submission

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 alternatives. Sources cite tha...

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Alkahest doses first patient in Phase 2 trial for Parkinson’s therapy

Alkahest will initiate Phase 2 trial for AKST4290, an inhibitor to treat Parkinson’s disease The firm has been partly funded by The Michael J. Fox Foundation for the research Alkahest, Inc., a biotech firm involved in the development of tr...

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Moleculin announces US Phase 1 AML trial completion for Annamycin

Moleculin Biotech, Inc., a preclinical pharmaceutical company and developer of anti-cancer drug candidates, has recently announced the completion of its US Phase 1 trial. The open label, single arm clinical trial met its primary objective to examine ...

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AntiCancer to test its methioninase as a new treatment for coronavirus

The threat of coronavirus needs to be addressed as early as possible, particularly since there are no particular treatments or vaccines currently available for patients suffering from coronavirus globally. As the count of patients infected by the 201...

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Wistron plans to assemble major iPhone components in its Indian plant

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 component manufacturing base in India. Recently, this vision came closer to reality ...

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Terrace Global enters into genetics supply agreement with Apollo Green

Under the exclusive genetics supply agreement, the parties would possibly acquire and import high-THC genetics for Terrace’s medical cannabis operations in the state of Portugal. The company is all set to build up its greenhouse facilities i...

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Sorrento turns down $1B acquisition proposal from private equity firm

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. Sorrento, a California based firm, gathe...

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Bird secures a $75 million investment and buys escooter startup Circ

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. Nearly 300 employees from offices...

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Omnicell to present its newest innovations in medication management

Omnicell, Inc., a U.S. based company that offers adherence tools for healthcare systems and pharmacies along with medication management solutions, has recently revealed that it would be presenting its medication management portfolio’s latest de...

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Quest Diagnostics announces acquisition of Blueprint Genetics

Quest Diagnostics announced the acquisition of genetic testing firm, Blueprint Genetics to extend access to actionable insights in genetic and rare diseases. The acquisition is aimed at enhancing patient care and boosting research and development of ...

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The U.S. FDA authorizes Tepezza to treat thyroid eye disease in adults

The U.S. FDA (Food and Drug Administration), a federal agency of the U.S. Department of Health and Human Services, has reportedly approved teprotumumab-trbw (Tepezza) to treat adults suffering from thyroid eye disease. This is a rare condition in wh...

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Wipro recognized as global leader in Software Defined Network Systems

Wipro has established a strong name as a key WAN services provider. Rising star in SD Network Security Services and SDN Transformation Services, claims report. The network delivery is managed through a wide variety of products, processes, and too...

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Microsoft to fix an active security flaw in Internet Explorer

Microsoft, the renowned American tech giant, reportedly verified the presence of a security flaw that is affecting Internet Explorer (IE) and is being used by hackers. The company also said it is working to find a fix for this bug, which would be rel...

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Dermtech signs a commercial & medicare advantage coverage agreement

DermTech Inc., a San Diego based biotechnology company that is involved in precision dermatology, has recently announced signing a contract with a regional health plan to develop its gene expression based PLA (Pigmented Lesion Assay) for prior detect...

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CoImmune Inc. inks all-stock merger deal with Formula Pharmaceutical

The merger will bring two therapeutic immune-oncology platforms together Focus shall be placed over Phase 1 and Phase 2 trials of CAR-CIK and CMN-001 respectively U.S.-based bioscience firm CoImmune, Inc., announces partnership with Formula Phar...

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Adverum reviews recent business progress and unveils its 2020 outlook

Adverum Biotechnologies, a California based biotech company, has reportedly announced that it has examined its recent business & development progress. The company has also unveiled its outlook for 2020. Leone Patterson, president and chief execu...

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Adverum presents data from OPTIC Phase 1 study of ADVM-022

Adverum Biotechnologies, Inc., a U.S. based biotechnology company that develops innovative therapies for ocular and rare diseases, has announced its first patient data from the OPTIC phase 1 clinical study of ADVM-022, an intravitreal injection gene ...

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TechnipFMC receives an EPCm services contract for new naphtha complex

The UK based oil and gas company procures a significant Engineering, Procurement and Construction management (EPCm) services contract for the deployment of new project in Greece.   Under this project, the realized naphtha complex is expected...

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Immunic exercises exclusive IMU-856 global license option from Daiichi

Immunic, a renowned biopharmaceutical company focused on treating autoimmune and chronic inflammatory diseases, reportedly announced that its subsidiary, Immunic AG, has implemented its exclusive global license option for a group of compounds that ar...

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Medtronic buys spinal cord stimulation therapy developer Stimgenics

DTM waveform will help improve the outcome for patients with chronic pain   The transaction will remain neutral to earnings per share for fiscal year 2020 Medtronic plc., a leading medical technology firm announced that it has bought Illin...

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AVD & Greenlane enter a new distribution deal to sell new cartridges

Advanced Vapor Devices, a renowned producer of vaporizer batteries and cartridges, and Greenlane Holdings, a renowned global seller of premium cannabis accessories, liquid nicotine and CBD products announced a strategic distribution contract for AVD ...

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VR solutions developer HumanEyes launches cloud-based suite

HumanEyes Technologies, a leading global supplier of virtual reality solutions, will present immersive and shareable VR experiences at CES 2020, which starts on 7th January and ends on 10th January in Las Vegas. The company will showcase its Vuze XR&...

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BioNTech publishes proof-of-concept data for BNT211 CAR-T cell therapy

The report will contain data of CAR-T product candidate called BNT211, an autologous CAR-T cell therapy BioNTech SE, a biotechnology firm based in Germany, recently announced a publication in Science regarding a therapeutic CAR-T approach for solid ...

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EMA approves marketing authorization application for Lumoxiti®

Innate Pharma SA, a commercial-stage oncology-focused biotech firm, has successfully attain Marketing Authorization Application (MMA) approval for Lumoxiti from the European Medicines Agency (EMA). For the record, Lumoxiti is a first-in-class drug di...

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Isracann announces to enter into MoU for European distribution

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 markets in Europe. The name of pa...

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Starpharma initiates Phase 1 study for AZD0466 using DEP® platform

Starpharma, a world leader in dendrimer product development, reportedly announced that AstraZeneca, a renowned British-Swedish biopharmaceutical company, has initiated a phase 1 clinical study of AZD0466. The first patient in this trial has been succ...

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Spring Bank refrains from dosing patients in Inarigivir clinical trials

Clinical-stage biopharmaceutical company, Spring Bank Pharmaceuticals, Inc. has reportedly stopped patient dosing and enrollment in its Phase 2b CATALYST studies that aim at evaluating the use of inarigivir soproxil 400mg for treating chronic hepatit...

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Iterum declares completion of enrollment in sulopenem clinical trial

The clinical trial was aimed at the treatment of uncomplicated urinary tract infections. The enrollment is expected to garner topline results in quarter one of 2020. Ireland based Iterum Therapeutics has reportedly announced the completion of p...

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Lineage Cell Therapeutics unveils plans to ink three new license deals

Lineage Cell Therapeutics, a California based clinical stage biotechnology company, that develops novel cellular therapies for medical needs that are not fulfilled, has reportedly announced its plans to enter into license deals with three different c...

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ViiV gets CRL from FDA for rilpivirine and cabotegravir to treat HIV

HIV AIDS cases have been prevailing and increasingly growing across the world. Currently, about 37.9 million people are suffering from HIV globally. Several global pharmaceutical firms are increasingly working and investing heavily in R&D to find...

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Greenland to pick Ericsson over Huawei as its 5G equipment supplier

Tele Greenland, a renowned Nuuk based telecommunications company, has reportedly stated that it will be choosing Ericsson over Huawei to supply its future fifth generation 5G telecoms network equipment. The decision comes after the President of the ...

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Seattle Genetics & Astellas bag accelerated approval for PADCEV™

Seattle Genetics, Inc., a biotechnology company based in U.S., and Astellas Pharma Inc. have recently revealed that the U.S. Food and Drug Administration (FDA) has given PADCEV™ an accelerated approval for treating adult patients with metastati...

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Cigna sells non-medical insurance unit to New York Life Insurance

The deal is anticipated to close in the third quarter of 2020, subject to relevant regulatory approvals and other customary closing terms. Cigna has reportedly announced that it has entered into an agreement with New York Life Insurance for the acqu...

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FDA approves TransThera’s IND for TT-00920 to treat heart failure

TransThera will initiate a Phase 1 clinical trial for TT-00920 in early 2020   TT-00920 is believed to be a new transformative treatment for chronic heart failure TransThera Biosciences Co. Ltd, a China-based clinical-stage biotech firm, r...

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Union Medical uses Photon Control’s optical sensors in medical device

The optical sensors are designed to integrate into Union Medical’s Neo Thermos   Neo Thermos is utilized to treat tumors without affecting the normal cells Photon Control Inc., a developer and supplier of optical measurement technolo...

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Myriad Genetics validates polygenic risk score for breast cancer

Myriad Genetics, Inc., a company focused on precision medicine and molecular diagnostics, has reportedly presented the result of a new validation study of its polygenic risk score (PRS) for breast cancer at the 2019 San Antonio Breast Cancer Symposiu...

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Cergentis rolls out TLA technology for cancer gene mutation sequencing

  The genomics company announced the launch of Targeted Locus Amplification (TLA) technology for complete cancer gene mutation sequencing. TLA sequencing of lymphoma cancer exhibited appreciable improvement over FISH, as depicted by recent ...

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ProQR doses first patient in Phase 1/2 Aurora trial targeting adRP

ProQR Therapeutics NV, a renowned Dutch biopharmaceutical company dedicated on finding treatments for rare genetic diseases, has reportedly announced the dosage of first patient in Phase 1/2 Aurora study of QR-1123. For the record, QR-1123 is a firs...

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Merck & Co. to acquire ArQule to advance leadership in oncology

Merck, a renowned American pharmaceutical company also known as MSD outside Canada and the United States, reportedly announced the acquisition of ArQule, a US-based biopharmaceutical firm focused on finding novel therapies for cancer treatment. The c...

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IMV announces updated data for Phase 2 DPX-Survivac trial in r/r DLBCL

The updated results were presented in poster session at the ASH annual meeting   The study shows strong data for DPX-Survivac in combination with pembrolizumab IMV Inc., a clinical-stage biopharmaceutical firm focusing on immunotherapy in ...

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Kura Oncology announces regulatory & clinical updates for Tipifarnib

Kura Oncology, Inc., a biopharmaceutical firm based in the U.S., has recently revealed regulatory and clinical updates of its foremost drug candidate, Tipifarnib, designed to target AITL (angioimmunoblastic T-cell lymphoma). The update included previ...

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Cryptocurrency platform Binance acquires dApp startup DappReview

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 research services to blockchain-base...

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Amneal gains FDA nod for launch of Revatio® & Amicar® tablets

Amneal Pharmaceuticals, Inc. has made some consistent ripples in the generics and specialty pharmaceutical industry. Recently, the company made headlines when it revealed attaining final approval from the U.S. FDA on its ANDA (Abbreviated New Drug Ap...

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Prescient expands PTX-200 trial after it eradicates cancer completely

Prescient Therapeutics, a renowned small molecule drug development firm aimed at developing new cancer therapies, reportedly announced that it is extending its Phase 1b trial in patients with AML (acute myeloid leukemia) after the disease was complet...

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HeartVista to present AI-based Cardiac MRI Solution at RSNA annual meet

As an innovative technology, artificial intelligence can effectively be used to tackle the challenges faced by today’s healthcare industry. Hospitals are keenly looking for ways to serve patients, both in terms of efficiency and costs. In a bi...

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Enviva gets green signal to install voluntary Air Quality Equipment

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 voluntary air quality equipment, meant f...

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Apple intends to inaugurate its new $1Bn campus in Texas by 2022

The U.S – China trade war has been terrorizing the global economy since the dawn of 2018. It has affected the overall financial market and global supply chains. This ongoing trade war has had a negative impacted U.S. tech giant Apple’s sh...

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Salesforce to use Amazon’s cloud to enhance call center services

Salesforce will use Amazon Web Services’ technology to turn customer’s spoken words into text.   The partnership will bring Amazon and Salesforce into more direct competition with call center technology service providers. Sales...

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FDA warns Dollar Tree regarding the sale of imported adulterated drugs

FDA’s new warning letter is asking Dollar Tree to ensure the company does not import adulterated medicines   Manufacturers mentioned in the letter include Hangzhou Zhongbo and Shanghai Weierya Daily Chemicals Reports confirm that the...

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Cellectis reveals POC for smart T-cells that recognize tumors

Cellectis, a French biopharmaceutical company that aims to innovate immunotherapies based on gene-edited allogeneic CAR T-cells, recently revealed a report issued in Nature Communications that explains a proof-of-concept (POC) for cell path...

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Arranta Bio acquires Captozyme to accelerate microbiome development

Arranta has established a Center of Excellence for microbiome development   The acquisition will help quicken the delivery of LBPs for clients worldwide Arranta Bio, a leading Contract Development Manufacturing Organization, recently annou...

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CytoDyn obtains IRB approval for leronlimab for patients with TNBC

Reports confirm that CytoDyn Inc., a late-stage biotechnology company has announced that it has recently received approval from the Institutional Review Board for leronlimab, to be directed to triple-negative breast cancer (TNBC) patients under a com...

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FDA declines approval of Lipocine’s oral drug Tlando for third time

FDA declines approval of Lipocine’s oral drug Tlando for third time Reportedly, the oral drug Tlando was first declined  approval by FDA in the year 2016. The U.S. Food and Drug Administration (FDA)  declined the approval of oral dr...

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GW Pharmaceuticals secures official NICE approval for EPIDYOLEX®

GW Pharmaceuticals plc has reportedly announced that two of its medicines, Sativex (nabiximols) and EPIDYOLEX (cannabidiol) oral solution, have been advised by National Institute for Health and Care Excellence (NICE) of the U.K. to get routine compen...

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Intuit launches QuickBooks Live to connect SMBs with the bookkeepers

Software company unveiled its novel QuickBooks Live Bookkeeping service to bring together the small & medium scale business and the accountants and bookkeepers.   This initiative is expected to drive the business success for the company....

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London-based banking platform Curve adds support for Google Pay

The London-based over-the-top banking platform, Curve, has apparently added support for Google Pay. The combination of the two platforms will enable customers to experience the convenience of feature packed personal finance products. Sources familia...

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Autonomous mobility startup Metawave closes series A funding round

  The investment aims at carrying out development of smart radar mechanisms for autonomous cars Metawave is also developing active repeaters and passive relays to help deploy 5G technology   Metawave Corporation – a U.S. based...

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Synergis Software launches advanced version of Adept Technology

Synergis Software, a division of Synergis Technologies, recently held its fourth annual Adept Experience Conference, which witnessed participation of major business leaders. Reportedly, the conference gave an insight about breakthrough developme...

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Pandion, Astellas team up on immunomodulators for pancreatic diseases

Pandion Therapeutics, Inc. and Astellas Pharma Inc. have reportedly inked a license and collaboration deal for researching, developing and commercializing pancreas-targeting immunomodulators. The companies will work on locally acting immunomodulator...

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U.S. FCC amid imposing stricter business restrictions on Huawei & ZTE

The United States and China have been waging a trade war since 2018. Initially, it began with setting tariffs and other trade restrictions and went up to blacklisting Huawei from trading in the U.S. on the grounds of unfair trade practices.  In...

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Waymo tests its rider only robot-taxi service in Phoenix, Arizona

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 robo-taxi service. The new servic...

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Myriad’s myChoice CDx bags FDA approval for treatment with Zejula

Ovarian cancer is termed as fifth most common cause of cancer-related death among women in the U.S. It can mostly be treated by surgery or chemotherapy; however, several biotech companies are now making some groundbreaking innovation for develop...

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GKN Powder Metallurgy acquires printing service provider FORECAST 3D

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 manufacturing alternative across various fie...

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Hyundai plans to raise stake in China’s Sichuan Hyundai Motor

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 automobile giant has effectively become...

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TransPerfect expands its portfolio by acquiring Sublime Subtitling

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 organizations employing its GlobalLink®...

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Altran to launch a Digital Therapeutics Innovation Center in Boston

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 it simpler for practitioner to ...

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Eli Lilly’s Phase 3 SEQUOIA trial fails to meet primary endpoint

Metastatic pancreatic cancer (MPC) is one of the most fatal cancers in the world. Pancreatic cancer is slated to be the third leading cause of cancer death in the U.S. and is expected to become the second leading cause of cancer-related death over th...

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Replimune gives an update on RP1 Clinical Development Program in CSCC

Cutaneous squamous cell carcinoma (CSCC) is the second most common form of skin cancer caused because of the uncontrolled growth of abnormal squamous cells. Currently, Libtayo is the only approved treatment in the Brazil and United States, and condit...

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Kyowa Kirin’s NOURIANZ™ bags FDA nod for sale in the U.S.

Parkinson’s Disease is a progressive nervous system disorder that hampers the movement of the body by causing stiffness or slowness. Currently there are no definitive treatments for this clinical condition. However, various pharmaceut...

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GE Healthcare and Telix make some strides in prostate cancer imaging

Prostate cancer is one of the leading causes of deaths among men in the U.S. On an average, 1 out of 9 men are diagnosed with prostate cancer in their lifetime. Currently, there are several treatments which can prevent this cancer or slow down i...

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Pfizer reveals positive data from Phase 3 trial of ABROCITINIB

Atopic Dermatitis (AD) is a chronic skin disease characterized by skin barrier defects and inflammation. It results in itching, induration (hardening)/papulation (formulation of papules), and oozing/crusting and affects up to 10% of adults and up to ...

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Avacta inks Collaboration and Option Agreement with ADC Therapeutics

Among the most vital treatment breakthrough for cancer patients are therapies that targeted the site of tumors and regimens with novel combinations based on different mechanisms of action. New treatments are leading the way for potentially ...

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Annexon Biosciences reveals positive data from ANX007 Phase 1b trial

Glaucoma is an eye condition in which fluid pressure builds up within the eye affecting optic nerves. If not treated, a Glaucoma patient might lose partial vision or even go blind. The disease mostly occurs in older adults and cannot be cured. Howeve...

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FDA awards $15 million through 12 grants to fund new clinical trials

There is a substantial rise in the pharmaceutical firms conducting clinical trials to discover new therapies for a plethora of rare diseases. To encourage pharmaceutical firms to intensify their research efforts and to help them along with the resear...

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Hain Celestial sells Arrowhead Mills and SunSpire to Hometown Food Co.

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 industry is witnessing various acquis...

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Nine Entertainment attains 90% stake in radio group Macquarie Media

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 order to stay ahead of the curve, c...

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Nicox announces topline results from Glaucoma Dolomites Phase 2 Trial

Glaucoma is a disease that damages a patient’s optic nerve and can eventually lead to blindness if not treated on time. It is currently considered to be the third leading cause of irreversible blindness worldwide. The current treatment of Glauc...

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Udaan raises $585Mn in a Series D investment round led by Tencent

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 emerging into the market through the...

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iCAD exhibits ProFound AI™ platform for DBT at the EUSOBI in Budapest

Breast cancer is one of the most prominent cancer types that can occur in women. Though treatment options depend on the stage of the disease, it can be addressed successfully if diagnosed and treated early. Various medical and pharmaceutical firms ac...

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ImmunoGen presents data from FORWARD II Triplet Cohort at ESMO

Ovarian cancer occurs when cells in the ovary start to mutate abnormally, further forming a tumor. At late stages, ovarian cancer can become difficult to treat and could also be fatal to patient. Several pharmaceutical firms are focusing on deve...

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GlaxoSmithKline presents the PRIMA study for first-line ovarian cancer

The treatment graph for one of the most fatal ailments of the 21st century, the dreaded ‘cancer’, seems to be on the verge of witnessing yet another variable addition. In what may seem as yet another stupendous effort by healthcare compan...

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Incyte treats first patient in its Phase 3 ruxolitinib clinical trial

Vitiligo is a common disease that causes the patient to lose skin color in random blotches. The disease can affect any body part, even affecting the inside of the patient’s mouth and hair. There are some treatments that help in restoring t...

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Galapagos begins Phase 1 trial for second generation Toledo compound

Cases of inflammatory diseases are expected to increase in the near future, which is a major concern for people across the world. Various pharmaceutical companies as well as medical research organizations are increasingly working towards finding nove...

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PhoenixMD gets FDA nod for Phase 1/1b clinical trial of PMD-026

Breast cancer is the second most common cause of death among women. With rising cases of breast cancer recorded worldwide, the need for developing an effective therapy has become a priority for many pharmaceutical and healthcare firms. Phoenix ...

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GenSight reveals positive results from RESCUE Phase III trial of GS010

Leber Hereditary Optic Neuropathy (LHON) is a hereditary form of vision loss that usually begins at teenage or in the early twenties. With few rare cases likely to occur in late adulthood or early childhood, various biotech firms are focusing on...

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BeiGene announces clinical results of anti-PD-1 antibody- Tislelizumab

With novel clinical trials, organizations across the world are developing new therapies and next-generation treatment for targeting fatal diseases such as cancer. The result of such clinical trials can aid the improvement in existing treatments and g...

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Lineage Cell Therapeutics’ Renevia bags CE Mark Approval for EU market

Aesthetic medicine is increasingly being used for the treatment of physical impairments such as skin discoloration, excessive fat, scars, skin laxity, wrinkles, cellulite, and liver spots. Customer are seen demanding for resurfacing and non-invasive ...

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Cipla and PULM dose first patient with Pulmazole in Phase 2 ABPA trial

There is a substantial rise in the number of people affected with pulmonary diseases like asthma. Various pharmaceutical companies in the world are combining their capabilities to find treatments for serious pulmonary diseases to address the needs of...

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AC Immune gets milestone payment to initiate Phase 2 trial of PI-2620

As cases of neurodegenerative diseases like Alzheimer’s and Parkinson’s are on a rise, biopharmaceutical firms are actively engaging in developing new clinical drugs. Companies are also gaining increased funding from partners to further t...

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Upstream Works, Aceyus to pioneer customer experience solutions

Customer Experience (CX) is vital for companies to understand the mindset of their clients. Industries are actively investing in customer experience solutions to stay ahead in competition. Companies are also partnering with other market players to en...

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AstraZenecas Farxiga gets fast track status to treat heart failure

With heart related issues and number of people diagnosed with heart failure increasing substantially, the need to find a solution to this problem is growing considerably. Advanced technology, equipment and pharmaceutical companies are continuously wo...

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Patient data from Oncopeptides’ Phase 2 trial to be showcased at IMW

Patients having Relapsed-refractory multiple myeloma (RRMM) along with extramedullary disease (EMD) will be treated by Oncopeptides AB. In the company’s HORIZON trial, a cumulative response rate of 23% was attained with dexamethasone and mel...

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Vertex- Scottish govt. sign cystic fibrosis treatment access contract

As part of the 5-year agreement, Vertex will also be collecting real world data on these medicines. Vertex Pharmaceuticals Incorporated has reportedly announced that Scotland based patients suffering from cystic fibrosis will now be eligible to have...

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Lyft partners with SambaSafety to improve driver monitoring solution

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. SambaSafety, the leading provider of mobility risk data solutions and driv...

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Grünenthal and Mesoblast partner to develop innovative cell therapy

Grünenthal will own the exclusive commercialization rights of allogeneic cell therapy candidate MPC-06-ID in Latin America and Europe. Grünenthal, a pharmaceutical company that offers various therapies like pain management, have inked a pa...

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Medtronic’s IN.PACT AV Access trial meets effectiveness endpoints

IN.PACT AV DCB showed encouraging results in the treatment of AV Fistulae Lesions in Renal Disease Patients at its last stage. Medtronic plc, one of the world’s biggest medical device companies, has recently announced outcomes from its IN.PACT...

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Paxos rolls out new crypto-asset that is redeemable for physical gold

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.   Consumers can convert the PAXG tokens to and from unallocated gold or flat curre...

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Amazon tests payment system that uses hand as IDs at Whole Foods chain

The new payment system scanners are capable of identifying individual human hands to ring up purchases.   The high-tech sensors do not require a physical touch to the surface for identification The engineers at Amazon are reportedly testin...

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Lantronix unveils the general availability of S40 Series radio nodes

S40 Series offers temperature, light pulse counting, relative humidity and pulse counting nodes and provides users the advantages of durability with IP68-rated non-potted design.   Lantronix will present the S40 Series radio nodes in additio...

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Steamhaus picks SignalFx to drive observability in client portfolio

Infrastructure Monitoring of SignalFx would offer analytics-driven alerting and real-time visibility for modern flexible cloud-native environment of Steamhaus. SignalFx is the lone infrastructure monitoring solution which can identify and alert en...

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Panera ties-up with delivery aggregators UberEats, GrubHub & DoorDash

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 own delivery service, customers will now be able to place lunch and di...

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Syncsort buys Pitney’s software arm, creates data management platform

The combined company will offer distinguished competencies to businesses to maximize insights from the data.    The amalgamation brings in the best in class location intelligence, data enhancement, customer data Management and engagemen...

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Fitbit to support Singapore’s public health and smart nation programs

Health population initiatives will be powered by Fitbit wearable devices and new Premium service Fitbit Inc., a San Francisco based tech company, has announced that it will partner with the Health Promotion Board (HPB) of Singapore for a healthy pop...

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Spirit Banner & Ion Energy ink new business combination agreement

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.   The business combination will see Spirit Banner procure all outstanding and issued Ion ...

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South Korea’s KCGI is looking to acquire a stake in Asiana Airlines

Asiana Airlines is expecting to receive its initial bids in September accompanied by binding bids in October. Korea Corporate Governance Improvement (KCGI), South Korea’s activist fund and the second-largest stakeholder in the holding company ...

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U.S. representatives to discuss Facebooks’ Libra with Swiss authorities

U.S. House of Representatives will discuss its concern on cryptocurrency with FDPIC (Federal Data Protection and Information Commissioner) Adrian Lobsiger.   The discussion will mainly involve Facebook’s soon to be launched Libra block...

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Delta and Virgin Atlantic to expand transatlantic services by 2020

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 airline Delta recently announced increased services between the US and UK by the yea...

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Ola acquires AI firm Pikup.ai to further enhance its deep tech skills

Startup Pikup.ai utilizes automated technologies like sensor fusion, computer vision, and Artificial Intelligence to offer AI-based solutions for businesses.   Ola is increasing company’s aim on utilizing deep technology and advanced a...

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Sonnet to acquire Relief Therapeutics to develop atexakin alfa

Sonnet proposes to pay 7,111,947 common shares and outstanding common stocks to Relief Therapeutics. Sonnet BioTherapeutics, Inc., a biotechnology company that develops innovative biologic drugs, has recently announced that it has entered into an ag...

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China to announce its official digital currency soon in the market

The digital currency is likely to be ready after working on it for five years.   This digital currency won’t depend entirely on the blockchain, which is the main support of cryptocurrencies. China is soon to introduce its virtual cas...

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Bayer buys BlueRock Therapeutics, marks stance cell therapy space

Versant Ventures’ portfolio company, Bluerock Therapeutics acquired by Bayer AG for approximately USD 1 billion. This acquisition represents Versant’s robust progress in the region of Canada. California headquartered Versant Ventures...

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NYC to extend cutdown on ride-sharing vehicles moving sans passengers

NYC has agreed to extend its cap on Uber and Lyft. The cut down has been made in order to study the impact of the ride-sharing industry. New York City has reportedly announced its continuation on limiting the number of ride-sharing vehicles like...

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Opthea unveils favorable results from Phase 2b wet AMD clinical trial

Stable vision was achieved in 99.2% of subjects under the OPT-302 (2.0 mg) combination treatment, compared to 96.7% from the Lucentis control group at primary endpoint Opthea Limited, a biotechnology and biopharmaceutical company that develops thera...

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Eloxx Pharmaceuticals initiates Phase 2 clinical trial for ELX-02

Six patients will be registered for the trial and will be treated with ELX-02 for four weeks with three rising dose levels. Eloxx Pharmaceuticals, Inc., an American biopharmaceutical company focused on the discovery and development of novel therapeu...

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Squarex unveils Phase 2 results of SQX770 in recurrent herpes labialis

The study involved around 139 subjects who had reported four or more episodes of herpes labialis in the past 12 months Squarex, a clinical-stage pharmaceutical company has reportedly unveiled the positive results from a Phase 2 clinical trial of its...

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Genentech’s Tecentriq® plus chemotherapy helps reduce risk of ABC

Data will be demonstrated at an upcoming medical meeting and shared with health authorities globally, including the U.S. FDA (Food and Drug Administration). Genentech, a subsidiary of the Roche Group, recently announced that the Phase III IMvigor130...

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SAIC partners with Espressive to offer next-gen IT solutions

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 employee self-service needs. Accordin...

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SABIC seemingly eager to partner Swiss chemical firm Clariant AG

The company is looking forward to joining Clariant after an improvement in market conditions. Saudi Basic Industries Corp. (SABIC), one of the largest public corporations in the Middle East and Saudi Arabia, has announced plans to partner Clariant A...

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Brainscope declares to have surpassed primary endpoints in new study

Brainscope has announced the successful completion of its nearly five year research contract with United States Department of Defense. The contract worth $9.9 million was to support the development and validation of an objective marker system which c...

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Electric scooter rental Bird 'flies' above $2.3B funding valuation

Sequoia Capital may lead the upcoming funding round for Bird. It is expected to increase the startup's valuation by $0.2 billion. California based electric scooter startup- Bird Scooters has claimed to be valued at $2.5 billion in a recent fund...

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Oyster Point begins enrolment for Phase 3 ONSET-2 study of nasal spray

The trial is designed to assess the efficacy and safety of OC-01 for treating dry eye disease Reports confirm that Oyster Point Pharma, a clinical-stage biopharmaceutical company, has recently announced that the first subject has been enrolled in t...

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Ligand buys AB Initio Biotherapeutics in a $12m cash transaction

Ligand is eligible to receive royalties and milestones depending on potential future sales Ligand Pharmaceuticals Incorporated, a biopharmaceutical company focused on acquiring and developing technology that help pharmaceutical companies to discover...

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Canopy Rivers’ joint venture awarded Health Canada cultivation license

PharmHouse’s greenhouse facility in Ontario is reportedly one of the largest in the world Canopy Rivers Inc, Canopy Growth Corp’s venture capital arm, has recently announced that its PharmHouse Joint venture has secured a license for cul...

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Athira Pharma presents initial results from phase 1 trial of NDX-1017

The company has been looking forward to initiate larger phase 2 trials. The clinical-stage company Athira Pharma, Inc. has reportedly announced preliminary data from the phase 1 clinical trial of its lead therapeutic molecule, NDX-1017, at the Alzhe...

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McDonald’s announces partnership with DoorDash for McDelivery services

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. For the record, since 2017, UberEat...

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Motorola enhances video security solutions portfolio with new buyout

The acquisition aims at adding new features and enhancing Motorola’s existing video security solutions portfolio. Motorola – the American multinational telecommunications giant has reportedly acquired Texas based mobile video solutions...

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MediciNova confirms Phase 3 trial of ibudilast in progressive MS

Ibudilast could be the best-in-disease drug for MS patients with unmet medical needs MediciNova, Inc., a biopharmaceutical company that develops novel therapeutics and is traded on Tokyo Stock Exchange’s JASDAQ Market and on NASDAQ Global Mark...

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CMIC becomes Align Clinical CRO member to enhance trial partnerships

The teaming up of CMIC with other companies will improve the collaboration and execution of clinical studies CMIC Group, a leading Japanese Contract Research Organization (CRO) that provides complete range of pharmaceutical drug services, recently a...

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Taku Gold acquires high-grade Portland Gold Project in Yukon

The acquisition will support Taku’s strategy to capitalize on high-value exploration prospects within the White Gold District. Canada’s gold exploration and resource company, Taku Gold Corp. has recently announced its acquisiti...

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ADS acquires Tennessee based security company Duncan Security Systems

Duncan Security customers will be able to access the ADS advanced suite of commercial and residential services ADS security has reportedly acquired the customer accounts of Nashville, Tennessee-headquartered Duncan Security Systems. However, terms o...

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uniQure unveils Phase IIb study data of AMT-060 & AMT-061 therapy

The data validates AMT-061 to be well-tolerated and capable of increasing FIX activity to normal in patients with hemophilia B. Renowned gene therapy firm, uniQure N.V. has recently announced the latest clinical data of its current Phase IIb study o...

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Cantargia confirms enrollment in Phase IIa trial for CAN04 monotherapy

All the 20 patients for the monotherapy arm of the trial have begun treatment with 10 mg/kg dosage level Swedish biotech firm Cantargia has reportedly announced full recruitment of CAN04 monotherapy arm in an existing Phase IIa clinical study in can...

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Orkla Food Ingredients inks agreement to buy Confection by Design

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 companies. The merger of Confecti...

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HackerOne partners with Singapore to test security of govt. systems

Nearly 100 local hackers and 200 international hackers are to be invited to participate in the program HackerOne, a leading security platform powered by hackers, recently announced that it will be partnering with the Cyber Security Agency (CSA) and ...

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PeptiDream and Novartis to join forces on new peptide drug conjugate

The partnership will bring the best first-in-class therapeutics and diagnostics for patients around the world PeptiDream, a public biopharmaceutical company that is engaged in the discovery and development of constrained peptides, recently announced...

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AbbVie acquires Allergan for $63B foreseeing Humira patent expiration

American biopharmaceutical firm AbbVie Inc has reportedly announced its decision to acquire Botox-maker Allergan Plc in a $63 billion deal. Apparently, this move would hand over the control of the profitable wrinkle remedy Botox to AbbVie, providing...

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Applied Therapeutics unveils Phase 1/2 trial of Galactosemia treatment

Galactosemia patients are in urgent need of treatment options and the company is committed to advancing AT-007 through clinical development Reports confirm that Applied Therapeutics Inc. has recently unveiled the initiation of a Phase 1/2 clinical t...

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Security concerns drive Microsoft to ban internal use of Slack, AWS

Microsoft believes various versions of Slack do not offer sufficient controls to protect its intellectual property Microsoft has reportedly barred its more than 100,000 employees from using the free version of Slack. Apparently, Microsoft has come u...

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Harley-Davidson inks deal to make smaller motorcycles in China

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 manufacturer Harley-Davidson has reportedly announced to have inked a partnership with C...

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RIBOMIC confirms positive results from SUSHI study in wet AMD patients

Phase 1/2a trial of RBM-007 was successfully conducted, yielding top-line results   Seven out of nine subjects showed a considerable improvement in Central Retinal Thickness Clinical stage pharmaceutical company RIBOMIC has recently unveil...

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Vericor selects Parker Aerospace’s fuel atomization nozzle for TF50F

Parker Aerospace, a business division of Parker Hannifin Corporation, one of the leaders in motion & control technologies, recently announced that its PowerGen division (Gas Turbine Fuel Systems) was awarded the fuel atomization nozzle & dual...

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Hyundai invests in Aurora to develop driverless Kia & Hyundai models

The investment intends to bring the startup’s innovative self-driving technology to a wider range of Kia and Hyundai vehicle models.   The Hyundai investment brings the total funding raised by the startup to approximately $700 million....

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Homology Medicines initiates Phase 1/2 trial for PKU gene therapy

The firm’s drug (HMI-102) is expected to be the first gene therapy candidate for phenylketonuria (PKU) to enter clinics. Genetic drug maker, Homology Medicines, Inc. has recently announced the enrollment of its Phase 1/2 pheNIX trial for HMI-1...

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Medtronic commences pivotal trial for Next-Generation CGM sensor

Next-generation Guardian CGM is designed to lower sensor calibrations, improve and refine the accuracy and the overall performance of the system World’s largest company for medical devices, Medtronic recently announced that it has started a pi...

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AllyO secures $45m investment for its AI powered recruitment platform

Series B financing round has brought the total funds raised by AllyO to $64 million California based AllyO, an eminent developer of AI driven job hiring products, recently announced the conclusion of its series B financing round where it raised $45 ...

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Cellenkos to test CK0801 for bone marrow failure syndromes treatment

Cellenkos Inc., an early stage clinical biotechnology company recently announced initiation of Phase 1 clinical trial of CK0801 for treatment of bone marrow failure syndromes, including primary myelofibrosis, hypoplastic myelodysplasia & aplastic...

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Sanofi unveils Phase 3 trial results of isatuximab combination therapy

The French multinational pharmaceutical company Sanofi has reportedly announced crucial Phase 3 ICARIA-MM trial results which revealed that isatuximab aided with dexamethasone and pomalidomide (isatuximab combination therapy) has shown statistically ...

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Novartis unveils positive Phase III trial data for asthma treatment

Novartis has recently unveiled the first clinical trial results from the phase III PLATINUM clinical development program evaluating the efficacy and safety of QMF149, which is an investigational, once a day, fixed dose combination treatment for asthm...

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Wayland Group declares completion of transaction with ICC International

The pro rata interest of ICC will not be raised in Wayland International by its contributions and developments. Canada-based Wayland Group has reportedly announced that it has closed a transaction relating to the sale of a 49.9 percent interest in M...

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NetApp acquires data protection company Cognigo for $70 million

NetApp Inc., a U.S. hybrid cloud data services company has recently acquired Israeli data protection and compliance startup, Cognigo, for approximately $70 million. Following the acquisition, 35 of Cognigo’s employees will be joining NetApp&rsq...

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Sony withdraws its mobile phone business from Southeast Asia

The move comes under the company’s current strategy of redirecting its focus on Japan, Taiwan, Hong Kong, and Europe. The company expects to lower operating expenditure by almost 50% while reducing overall cost by 57% by 2020. Sony Corpora...

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Eli Lilly’s mirikizumab scores positive data in Phase II Crohn’s study

The company plans to initiate Phase III trials to assess mirikizumab’s benefit-risk profile to cure Crohn’s disease. U.S. pharma giant, Eli Lilly and Co. has recently announced positive data from the Serenity Phase II study that evaluate...

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Merck to acquire cancer drug maker Peloton Therapeutics for $1.05Bn

The acquisition would help Merck strengthen its presence in the renal cell carcinoma space and support its cancer drug portfolio. U.S. pharmaceutical conglomerate, Merck & Co. Inc. has recently agreed to purchase Dallas based Peloton Therapeutic...

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Ikea invests in India’s one-stop interior design platform Livspace

The interior design platform had raised over $70 million last year with investment from TPG Growth & Goldman Sachs. The investment is Ikea’s first such deal in India, however it isn’t the company’s dalliance in India’s ...

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BioXcel unveils data from Phase 1 study of receptor agonist BXCL501

Sublingual administration of BXCL501 had achieved drug exposures that will be therapeutic for the acute treatment of agitation Reports confirm that BioXcel Therapeutics (BTI) has recently presented data from its Phase 1 pharmacokinetic (bioavailabil...

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Kazia to team up with U.S. oncology group for brain cancer drug trial

A multi-centre phase-two study will represent the fourth clinical trial ongoing for Kazia’s GDC-0084 drug candidate Kazia Therapeutics Ltd, an Australian oncology-focused biotechnology company, has recently entered into a partnership with the ...

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Roche delays acquiring Spark as regulatory review process continues

Roche, the leading Swiss pharma has pushed back its scheduled acquisition of the gene therapy specialist, Spark Therapeutics for third time in a row, as it waits for the U.S. government to complete regulatory review of the proposed $4.3 billion takeo...

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Veeba Foods ventures into child nutrition segment with V-Nourish

Condiments and sauce manufacturer Veeba Foods reportedly ventured into child nutrition segment with a new health beverage, V-Nourish. According to sources close to the matter, V-Nourish is a scientifically designed nutritional supplement for kids ag...

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Intel plans to start dispatching its 10nm processors by June this year

Future Intel Core i7 quad-core chips may have twice the graphics performance over its 8th-generation counterpart and up to three times the AI capabilities Intel, the US semiconductor giant, has recently confirmed that its 10-nanometer processors are...

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Proofpoint Inc. to acquire Meta Networks Ltd. for $120 million

The employees of Mata Networks will join Israeli team of Proofpoint after the acquisition. The U.S. based enterprise security company Proofpoint Inc. has reportedly announced that it has signed an agreement to acquire Meta Networks Ltd., a cyber se...

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Context Therapeutics begins Phase 2 Apristor trial for cancer patients

The latest study will assess Apristor’s safety plus pharmacological profile in patients, besides the biomarker analyses, for exploring the drug’s predictive response factors. Context Therapeutics, a U.S.-based clinical stage biopharmaceu...

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Audentes exhibits new positive data from the ASPIRO clinical trial

The leading American AAV-based genetic medicines company, Audentes Therapeutics Inc., has reportedly presented new positive data from ASPIRO, the AT132 Phase 1/2 clinical trial for the treatment of XLMTM (X-linked Myotubular Myopathy). The data has b...

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Venmo boasts of 40 million users, claims parent company PayPal

The leading American operator of online payments, PayPal, has reportedly disclosed that its subsidiary mobile payments service platform, Venmo, currently holds a user base of around 40 million. The US-based company has revealed this metric for the f...

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Facebook might expect a $5 billion FTC fine over privacy scandal

The company anticipates a fine between $3 billion to $5 billion in association with an ongoing inquiry by the FTC. Social media giant, Facebook, Inc. is reportedly bracing for a huge fine from federal regulators as the company recently announced tha...

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Samsung plans to develop its own blockchain network based on Ethereum

When the development of the blockchain is completed then Samsung may also introduce a Samsung Coin token Samsung, the South Korean electronics giant is reportedly in the works to develop its own blockchain network which could lead to the issuance of...

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FDA approves Gelesis prescription weight-loss drug Plenity for adults

Plenity is has been cleared for obese or overweight adults having a body mass index of at least 25 Reports confirm that the U.S. Food and Drug Administration (FDA) has recently granted approval to an innovative prescription drug aimed at helping wit...

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Assembly Biosciences reveals data from Phase 2a studies of ABI-H0731

The data received to date is directionally correct and reduction in HBeAg and HBsAg have been observed in some individuals in both studies. U.S. based clinical-stage biotechnology firm, Assembly Biosciences, Inc. has recently revealed interim outcom...

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Rogers secures 52 spectrum licenses in auction for wireless networks

The auction of this year was for the 600-megahertz band of frequencies which can help in covering large areas and facilitate easy penetration of buildings Canada’s Rogers Communications has reportedly acquired 52 spectrum licences from the fed...

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Telenor to purchase majority stake in Finlands DNA for $1.7 billion

Telenor has signed separate deals with DNA’s two largest stakeholders – PHP Holding Oy and Finda Telecoms Oy   The deal marks the entry of the Oslo-based mobile operator in the Finnish telecom market Telenor, the Norway-based m...

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Avid NEXIS® | Cloudspaces offers instant storage expansion in cloud

Avid NEXIS® | Cloudspaces uses the power of Microsoft Azure and free up local space for uninterrupted production. Avid has reportedly unveiled new Avid NEXIS® | Cloudspaces which powers Avid NEXIS storage systems with cloud. A...

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Tru Optik announces $10 million funding round led by Mithera Capital

OTT outfit Tru Optik has reportedly landed a funding worth $10 million, in a development that follows investors clamoring to enter the next ad tech wave. As per trusted sources, the round was led by Mithera Capital and included additional participan...

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UGI Corp. seeks acquisition of AmeriGas’ remaining publicly held units

UGI would be fully consolidating its ownership of AmeriGas with the acquisition of 69.2 million publicly held common units   AmeriGas unitholders would receive 0.5 shares of UGI common stock, along with a $7.63 in cash consideration for ever...

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Instreamatic, Pandora announce trial of AI-based interactive voice ads

Platform of Instreamatic allows advertisers to use interactive voice ads that let consumers verbally and naturally respond to offers Reports confirm that Instreamatic has announced an agreement with the largest streaming service in the U.S., Pandora...

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Cyclacel unveils Phase 1 clinical data for its breast cancer treatment

·         The data was presented at the American Association for Cancer Research Annual Meeting 2019 ·         There were substantial responses and stable ...

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Amazon to come up with industrial cloud for Volkswagens 122 plants

One of the world’s leading automakers Volkswagen and ecommerce giant Amazon are reportedly joining forces to develop cloud computing, in a bid to make the German carmakers enormous factory network more efficient. The companies reportedly annou...

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CoinDCX raises seed funding in a round led by Bain Capital Ventures

Apart from Bain Capital, other prominent angel investors such as Sung Ho Choi and Sanjay Mehta also took part in the funding round. Proceeds from the seed funding would be going towards the scaling of the company’s technical infrastructure. ...

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Cresco Labs enters Florida market by acquiring assets of VidaCann Ltd.

The purchase consideration is approx. $120m and would consist of a mixture of cash and Cresco Labs shares Cresco would be having 21 retail dispensaries and 14 production facilities upon the closing of the transaction U.S. based leading vertically i...

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Partners HealthCare to fully integrate its EHR system with MassPAT

Partners Healthcare has now become the first healthcare network to have the tool immediately available to doctors at the point-of-care in Massachusetts. Partners HealthCare, the Boston-based non-profit hospital and physicians network, has reportedly...

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No-deal Brexit turned down with 149 vote defeat in UK Parliament

In a recent turn of events, a day after Prime Minister of Britain Theresa Mays Brexit bill was turned down with 149 votes defeat, Members of the Parliament are back to the House of Commons to decide on whether to avert the UKs exodus from the EU by 2...

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Hyundai Heavy Industries inks definitive agreement to acquire DSME

The deal is anticipated to boost South Korea’s local economy and provide stable job offerings in the country. Hyundai Heavy Industries Co. (HHI), one of the world’s leading shipbuilding companies, has recently inked a formal deal with th...

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Merck KGaA presses Versum investors to back its $5-9B acquisition bid

Versum management rejected Merck KGaA’s all-cash offer in favor of rival Entegris’ January offer Merck KGaA, based out of Darmstadt in Germany, has reportedly urged the shareholders of U.S. electronic materials company Versum Materials, ...

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Biogen to wholly acquire gene therapy firm Nightstar Therapeutics

Nightstar’s agreement with Biogen will give the company the platform and resources it needs to expand its mission to restore sight in patients with inherited retinal diseases. Biogen, the U.S. based biotechnology company and Nightstar Therapeu...

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FSSAI asks food delivery service Zomato to procure food safety license

FSSAI has undertaken the move after its CEO announced new guidelines under which food delivery chains will have to procure relevant licenses as well. Zomato, the Indian online food delivery service, has recently been served with a notice by the Food...

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Merck offers $5-9B for Versum Materials to challenge bid from Entegris

The company is apparently looking to buy the electronic materials maker for bolstering its Performance Materials division Merck KGaA, the laboratory supplies provider and drug maker based in Germany, has reportedly made a $5.9 billion offer, includi...

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Rincon partners with Vecima to expand affordable remote PHY DAA

Vecima Networks Inc., the Canada based global leader in integrated hardware and software solutions development, recently announced a partnership with Rincon Technology, a telecommunications products provider based in California, USA. Through the part...

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Saudi’s Acwa Power signs MoU with China’s Huawei and Silk Road Fund

Acwa Power develops such to allow the company to maintain its cost leadership and reputation. Acwa Power, the Saudi Arabia based developer of power and water plants recently announced that it has entered into a deal with Huawei and Silk Road Fund of...

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Sunday closes a $10M Series A funding round led by Vertex Ventures

Vertex Ventures Southeast Asia & India led the Series A financial round.   A portion of the proceeds from the funding would be allocated to the company’s marketing & expansion operations. Sunday Ins. (Sunday), a Thailand-base...

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MPM Capital secures $400M to finance innovative biotech startups

The fund would reportedly contribute toward disruptive scientific developments across a spate of therapeutic areas such as immunology, oncology, and neurosciences. Life-sciences venture capital firm MPM Capital has reportedly closed its seventh vent...

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Google to acquire cloud startup Alooma to simplify cloud migration

The Silicon Valley giant had announced earlier that the company would be accelerating its cloud business soon. The move takes Google a step further in its plan to increase its cloud initiatives and compete with Microsoft & Amazon in the space....

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Nakilat, McDermott confirm joint venture to offer fabrication services

Shipping company Nakilat has confirmed that it is entering into an agreement with US-based McDermott to establish a strategic partnership, for creating a 60:40 joint venture entity which would provide onshore and offshore fabrication services in Qata...

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Alibaba grabs 8% interest in anime and game hosting platform Bilibili

Chinese e-commerce giant Alibaba has recently acquired an 8% stake in Bilibili, the Shanghai-based anime streaming and game publishing firm backed by Tencent. With this move, Alibaba has seemingly made another push towards the world of youth culture....

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