Ikea invests in India’s one-stop interior design platform Livspace
  Author: Mateen Dalal

The interior design platform had raised over $70 million last year with investment from TPG Growth & Goldman Sachs. The investment is Ikea&rsqu...

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Harsco signs agreement to acquire Clean Earth for $625 million
  Author: Nikita Chaurasia

The acquisition of Clean Earth is expected accretive to earnings in 2020. The companies together are expecting synergies to amount to $10 million by 2020. Harsco Co...

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Proofpoint Inc. to acquire Meta Networks Ltd. for $120 million
  Author: Mateen Dalal

The employees of Mata Networks will join Israeli team of Proofpoint after the acquisition. The U.S. based enterprise security company Proofpoint Inc. has reportedl...

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Renault to plan a joint holding company with Japanese carmaker Nissan
  Author: Nikita Chaurasia

Renault, the French multinational automobile manufacturer, has reportedly announced that it is aims to propose a plan for creating a joint holding company with Japanese multinational carmaker Nissan, which is likely to...

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Supermicro breaks ground for new facility spanning 800,000 square feet
  Author: Nikita Chaurasia

San Jose-based IT company Super Micro Computer, Inc., has made it to the headlines for officially inaugurating its all-new new 800,000-square foot establishment in Taiwan. The firm, in conjunction, is also further expa...

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Tru Optik announces $10 million funding round led by Mithera Capital
  Author: Mateen Dalal

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...

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UGI Corp. seeks acquisition of AmeriGas’ remaining publicly held units
  Author: Mateen Dalal

UGI would be fully consolidating its ownership of AmeriGas with the acquisition of 69.2 million publicly held common units   AmeriGas u...

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SoftBank, Amazon to invest in Bengaluru-based mobility firm Drivezy
  Author: Nikita Chaurasia

The investment will help Drivezy expand its fleet across India and further help it enter into overseas markets. Japan’s renowned technology investor, SoftBank...

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Cresco Labs enters Florida market by acquiring assets of VidaCann Ltd.
  Author: Mateen Dalal

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 ...

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Hyundai Heavy Industries inks definitive agreement to acquire DSME
  Author: Mateen Dalal

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 w...

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Saudi’s Acwa Power signs MoU with China’s Huawei and Silk Road Fund
  Author: Mateen Dalal

Acwa Power develops such to allow the company to maintain its cost leadership and reputation. Acwa Power, the Saudi Arabia based developer of power...

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Sunday closes a $10M Series A funding round led by Vertex Ventures
  Author: Mateen Dalal

Vertex Ventures Southeast Asia & India led the Series A financial round.   A portion of the proceeds from the funding would be allo...

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Nakilat, McDermott confirm joint venture to offer fabrication services
  Author: Mateen Dalal

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 offsh...

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Alibaba grabs 8% interest in anime and game hosting platform Bilibili
  Author: Mateen Dalal

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 tow...

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Rapyd raises $40 million in a Series B funding round led by Stripe
  Author: Nikita Chaurasia

Rapyd, a UK-based Fintech-as-a-Service (FaaS) platform, has raised about USD 40 million in a Series B funding round led by Stripe and General Catalyst. As per trusted sources, the latest funding round witnessed partici...

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Macquarie Group invests in Digital Reasoning to expand AI into finance
  Author: Mateen Dalal

Leading developer of Artificial Intelligence (AI) for Human Behavioral Insights (HBI) and Language Process Automation (LPA), Digital Reasoning has recently confirmed a strategic investment made in the company by financ...

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TCS and JDA Software to develop next-gen supply chain solutions
  Author: Mateen Dalal

Tata Consultancy Services (TCS), Indian IT major, recently announced a global partnership with JDA Software, a leading provider of retail solutions & supply chain, to develop next-generation cognitive solutions to ...

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SGX rejects Nutryfarm’s bid to acquire 45% stake in First Linkage
  Author: Nikita Chaurasia

Investment holding company NutryFarm International’s bid to acquire 45 percent stake in tech firm First Linkage for 90 million Chinese yuan has reportedly been rejected by the Singapore Exchange over concerns sur...

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Toyota upgrades Tacoma and TRD Pro to fortify mid-size pickup range
  Author: Mateen Dalal

The upgraded version of Tacoma midsize pickup truck has high-end features such as Apple Car Play Japanese automotive giant Toyota has reportedly launched an upgrade...

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Waymo likely to join hands with the Renault-Nissan-Mitsubishi alliance
  Author: Mateen Dalal

Nissan and its alliance partners may be planning to jointly develop unmanned taxis with Nissan’s vehicles. The globally popular automotive partnership, Renaul...

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CBRE confirms acquisition of Romonet to expand data center solutions
  Author: Nikita Chaurasia

Reports confirm that CBRE Group, Inc. has acquired the assets of leading advanced analytics software company Romonet Limited, which offers consulting and technology services to large global operators of data centers. W...

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Thai Central Group makes a $200m investment in Grab’s Thai entity
  Author: Nikita Chaurasia

Central will be acquiring a non-controlling but significant stake in the Thai entity of the Singapore based Grab. Grab, the Southeast Asian ride-hailing firm, recen...

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Lazada integrates RedMart to impel supermarket plans in Southeast Asia
  Author: Mateen Dalal

The integration is likely to expedite Lazada’s supermarket and grocery offerings to over 165,000 products. The Alibaba-backed e-commerce company Lazada has re...

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Youxing Technology inks Cooperation Agreement with Kandi JV Company
  Author: Mateen Dalal

Both companies will be deploying the online ride-sharing platform Cao Cao Zhuan Che to launch around 20,000 Kandi brand pure EVs. Kandi Electric Vehicles Group Co.,...

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DSM creates a joint venture with Nenter & Co to manufacture vitamin E
  Author: Nikita Chaurasia

DSM is likely to acquire a 75 percent stake in the joint venture for about €135 million.   The new business will exclusively manuf...

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Ad tech company OpenX signs a $110 million cloud deal with Google
  Author: Nikita Chaurasia

Post the deal execution, the company would become one of the first 100 percent cloud-based programming advertisement platforms. The U.S.-based programmatic advertis...

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Bosch buys Daimler’s stake in EM-Motive, retains full ownership
  Author: Mateen Dalal

Bosch, a world leading multinational engineering & electronics firm, is reportedly taking over EM-Motive in its entirety. Sources claim that this electric motor joint venture was founded by Bosch in conjunction wit...

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Adobe confirms acquisition of Substance tools creator Allegorithmic
  Author: Mateen Dalal

By acquiring Allegorithmic, Adobe will bring technology and talent to the company, since it has started focusing on 3D. Adobe Inc. has recently made an announcement...

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