About Author : Shreshtha Dhatrak

Shreshtha Dhatrak

Despite having completed her Post Graduate degree in Digital Marketing, Shreshtha always nurtured an innate passion for writing. Currently, she works as a content writer for checkingforupdate.com and similar other portals, where she pens down news articles spanning the fields of energy, manufacturing, and trade and finance. Her other interests include reading and travelling.



Contribution by Shreshtha Dhatrak

World Health Organization expects monkeypox cases to surge globally

The World Health Organization (WHO) expects to see more monkeypox cases as it expands surveillance in places where the disease is relatively uncommon. The UN agency recently revealed that the first European case of monkeypox was confirmed on May 7th...

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Walmarts first-quarter profit hit by surging fuel and labor cost

Walmart Inc. reported lower-than-expected earnings which sent its shares down by more than 8%. The company claims that its profits were predominately hampered by inflation, especially the surging fuel and labor costs.  Like other retailers, Wal...

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Amazon employed over 1.16 Mn people, digitized 4 Mn MSMEs in India

Amazon India has claimed to have created over a million jobs and generated USD 5 billion worth in exports through its operations in the country. It has also helped over 4 million small and medium enterprises (SMEs) including weavers, artisans, and lo...

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Bangladesh approves Oxford-SII’s Covishield for emergency use

With countries eagerly waiting for rolling out COVID-19 vaccines for their citizens to curtail the spread of deadly infection, Bangladesh, which has reported over more than 5 lakh COVID-19 cases till date has released a notification regarding emergen...

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Florida authorities back Duke Energy’s solar expansion plans

The Florida state utility authorities have reportedly extended their support to Duke Energy’s plans for the construction of 10 solar plants through the next four years, in spite of some concerns related to costs and size. According to reliable...

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LG to outsource its low and mid-range smartphones to minimize costs

The South Korean electronics giant, LG Corporation, has reportedly planned to outsource its low to mid-end smartphones in order to cut costs and compete with Chinese opponents. LG’s mobile communications business had suffered loss for 22 succe...

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Green family to pay £50m towards Arcadia pension scheme within 10 days

Family of Arcadia’s Sir Philip Green is expected to pay a promised, stipulated amount of £50m into their fashion empire’s pension scheme over the next 10 days, which effectively is almost a year prior to the scheduled timeline, as A...

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Sony to restock its new flagship PS-5 units by the end of this year

Sony, the leading Japanese conglomerate, has reportedly confirmed that it intends to restock its PS-5 (PlayStation 5) inventory by the end of 2020 after its latest launched gaming consoles went out of stock in the company’s biggest launch ever....

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Vettery acquires Hired to create comprehensive talent marketplace

Vettery, a hiring marketplace, has recently announced the acquisition of a leading marketplace for technology talent, Hired. Following this deal, the two companies will collaborate on creating the largest & most comprehensive talent marketplace f...

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Jemena, Sydney Water partner to produce biomethane in South Wales

SGSP Assets Pty Ltd. (Jemena), a prominent energy infrastructure firm, has reportedly partnered with Sydney Water in order to produce biomethane at the Malabar Wastewater Treatment Plant in South Sydney. Sources with knowledge of the matter stated t...

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Monaker Announces Acquisition of 33% Equity Stake in Axion Ventures

Monaker Group, Inc., a pioneer in providing vacation and travel rental booking technology, has accounted for the completion of the acquisition of a 33% equity stake in Axion Ventures, In. which is a majority owner of True Axion Games and Axion Games....

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Shutterstock Launches an Advanced SSO integration to Improve Security

Shutterstock, Inc., a leading global technology organization providing a creative platform for exceptional content, services, and tools, announced major technical support for enterprise customers by using simple sign-on integration. This offering is ...

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Harrisonburg Electric Commission, Dominion collaborate on Solar Energy

Dominion Energy Virginia and Harrisonburg Electric Commission have recently entered a partnership agreement for developing a 1.4 MW solar facility in Harrisonburg to supply renewable energy to Harrisonburg Electric Commission (HEC) customers. Apparen...

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NSW reveals $32bn renewable energy plan focused on pumped hydro

The New South Wales government has announced its plan to make a private investment of $32bn in renewable energy across regional areas as an initiative for transforming the state’s electricity infrastructure. The state Coalition has st...

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AMP-Schroll enter deal to supply EU-GMP certified cannabis flower

AMP German Cannabis Group Inc., the producer of a wide range of medical cannabis, has entered a non-exclusive, 3-year agreement with Schroll Medical ApS. The deal is regarding the supply of bulk & packaged EU-GMP cannabis flower. The product will...

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Stealth Technologies Signs a Six-Month Deal with Planck AeroSystems

Stealth Technologies, a subsidiary of Strategic Elements signed a six-month agreement with the drone tech firm, Planck AeroSystems. In this collaboration, the companies will together work on enabling drones to launch and land automatically from auton...

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Alchemie presents new fabrics technology for effective face coverings

In view of the burgeoning number of COVID-19 infections across the world and news about lacking protective equipment and gear, numerous textile research institutes and textile firms are working on novel technological approaches to efficiently fight t...

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UK-based online supermart Ocado buys two US based robotics companies

Ocado, a UK based online supermarket, has reportedly announced the acquisition of two US based robotics firms as the company looks to increase efficiency at its warehouses. The firm, which also raised its annual profit forecast, stated that it has ma...

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Vestas-MHI enter agreement to acquire shares in MVOW joint venture

Vestas Wind Systems has reportedly entered an agreement with Mitsubishi Heavy Industries to acquire shares in the MVOW (MHI Vestas Offshore Wind) joint venture. The deal is against MHI’s acquisition of 2.5% share in Vestas and nomination to a s...

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Xcel Energy publishes new report detailing its green energy strategy

Xcel Energy Inc., the Minneapolis-based energy company that powers millions of homes and businesses across the U.S, has reportedly published a new climate-related report. The report offers a more detailed view of the company’s green energy stra...

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Schneider-SolarEdge enter technological & commercial partnership

Schneider Electric has recently announced a technological & commercial partnership with a photovoltaics company, SolarEdge Technologies. The deal is aimed at driving  residential solar market growth and providing homeowners in North America ...

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Accenture Takes Over the Atlanta-based B2B sales Company, N3

Accenture, the fortune global 500 company, announced that it has completed the acquisition of N3, an Atlanta-based B2B sales firm that integrates specialized talent with machine learning (ML) capabilities and artificial intelligence (AI) to enhance s...

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SDL Starts Using Sisense Platform to Get Data and Analytic Insight

Sisense, a pioneer in analytics platform for builders, announced that SDL, a specialist in language translation software and services, has provided all its employees with immediate access to easily consumable customer and project analytics through th...

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Canadian Solar Signs a Supply Deal with Goldman Sachs Renewable Power

Canadian Solar Inc has closed a supply deal and long-term service contract with Goldman Sachs Renewable Power LLC. The agreement focuses on delivering and integrating a 75 MW / 300 MWh lithium-ion battery storage solution into California's Mustan...

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LG Innotek develops lowest power loss and high-efficiency ferrite

LG Innotek, an electronic component manufacturing company, has recently announced the successful development of a high-efficiency, lowest power loss ferrite across the world. The new development will enable the company to significantly increase its p...

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Optimas unveils Standard Fastener program to offer on-demand fasteners

Optimas Solutions, a tech-enabled industrial manufacturer, has reportedly launched a Standard Fastener program. The program has been designed to offer on-demand access to washers, common screws, and nuts for repair, maintenance, and production applic...

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Celonis acquires Integromat to strengthen automation capabilities

Celonis, a software company, has recently announced the acquisition of a developer of automated workflows, Integromat. The takeover deal will enable the company to deepen the automation capabilities of its Celonis Execution Management System as well ...

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US partners with Romania to expand Cernavoda nuclear power plant

Romania’s energy infrastructure got a major impetus recently when the European nation announced a collaboration with the U.S DOE (Department of Energy) to expand and renovate its civil nuclear power program. Dan Brouillette, U.S. Secretary of E...

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HEC Montreal partners with X2O Media to offer engaging online classes

Considering that the ongoing COVID-19 pandemic has significantly disrupted the lifestyle of people worldwide, the online world has come to the rescue. Among many renowned institutes that have shifted their base to virtual platforms to conduct online ...

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Total forays into the offshore floating wind industry in France

Total, a France-based petroleum refining company, has reportedly announced that it has become a 20% shareholder in the 30 MW Eolmed floating wind farm pilot project in France. Situated in the Mediterranean, off the Gruissan coast, near to port of Po...

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Automation Anywhere Inc. releases AARI smart digital assistant

Robotic process automation leader, Automation Anywhere, Inc., has reportedly released a smart digital assistant called Automation Anywhere Robotic Interface (AARI). The assistant has been designed for a new era of work for bringing clientele experien...

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603 Solar deploys solar system to offer green for Shelburne community

Enphase Energy, the California-based energy technology firm, has reportedly announced that 603 Solar installed a 16.8-kWDC solar array on the town hall building in a bid to supply green energy for the community of Shelburne, New Hampshire. After othe...

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Batelco Becomes the 1st Company to Activate 5G Coverage in Bahrain

Batelco, the leading telecommunications company in Bahrain, announced that it has successfully activated 5G coverage throughout Bahrain. While making 5G coverage available in all the four governorates and covering 95% of the nation’s population...

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Phenom Acquires My Ally to Bring Advanced Automation to HR Teams

Phenom, a leading Talent Experience Management firm, announced that it has acquired My Ally. Being an AI-based HR technology company, My Ally is recognized for its automation expertise. With this acquisition, My Ally will strengthen Phenom’s ca...

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Qumu helps the AFSP conduct its 2020 Overnight Walk virtually

Qumu, a leading cloud based Enterprise Video Technology provider, has reportedly announced that it has helped the AFSP (American Foundation for Suicide Prevention) virtualize its 2020 Overnight Walk event. AFSP’s Overnight Walk is a fundraiser ...

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UPCAC announces Elecnor as EPC contractor of 720-MW solar farm

UPCAC Renewables Australia has recently announced the appointment of Elecnor’s Australian arm as the EPC contractor of a massive hybrid solar & big battery project. Elecnor has been appointed as the EPC (engineering, procurement & cons...

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Draganfly offers social distancing equipment for commercial production

Draganfly Inc., the Canada-based firm specializing in drone and UAV technologies has reportedly announced that veteran commercial producers named Ron Cicero and Richard Goldstein have selected the company as the sole provider of vital signs and socia...

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Bostik Acquires Ideal Work; Reinforces its Flooring Products

Bostik strengthens its range of flooring products with the strategic acquisition of Ideal Work which is an Italian company specializing in high-end decorative flooring technologies. This project is in line with Arkema’s targeted growth plan in ...

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Compass Diversified enters into an agreement with BOA Technology

Leading middle market businesses owner, Compass Diversified, has reportedly signed a definitive agreement for the takeover of BOA Technology Inc., for a sum of $454 million. BOA Technology is renowned for the development of its BOA Fit System, that d...

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Arçelik Successfully Becomes Carbon-Neutral in Global Production

Operating in around 150 nations, Arçelik will soon achieve its goal of becoming a carbon-neutral company. Arçelik marks a breakthrough in its sustainability efforts to develop climate-friendly products that utilize fewer resources and a...

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U.S-based Energy Business Greenbacker secures 29 MW Solar Portfolio

Greenbacker Renewable Energy Company LLC, the New York-based income-generating renewable energy, energy efficiency project, and energy-related business management company, has reportedly announced that it has acquired the rights to a 29 MWdc / 22 MWa...

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Guoyao to use electromagnetic force in short-range tonnage launch

Guoyao Tech, a Guangzhou-based startup, has recently revealed a roadmap for the 10-kg satellite prototype launch by 2022. In addition, the company has announced the launch of the short-range tonnage by using electromagnetic power by 2023. It has been...

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Konica announces testing & approval of REVLAR Premium Synthetic Paper

Konica Minolta, a company dealing in commercial & industrial packaging and printing solutions, has recently announced the testing & approval of 10.7 mil & 13.7 mil REVLAR Premium Synthetic Paper of RELYCO®. The product will gain adopt...

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Koch Media announces acquisition of Vertigo Games for €50 million

Sweden-based Embracer Group AB has become a leading force in the gaming industry in a very short time, predominantly as the firms under the umbrella keep expanding. This is the case today with Koch Media GmbH, which reportedly acquired Vertigo Games ...

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BASF Announces Acquisition of proprietary technology from AgriMetis™

BASF has announced that it has acquired the proprietary Glu-L™ technology from AgriMetis™ for L-glufosinate ammonium. AgriMetis™ is a leading developer of biotechnological discoveries for crop protection. With the BASF Agricultural ...

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Hyundai Engineering Wins the Hydrocracking Unit Expansion Project

Hyundai Engineering announced that it has bagged the Hydrocracking Unit (HCU) Expansion Project in Indonesia at the Balikpapan refinery which is presently under construction. Hyundai Engineering is a South Korea based engineering work company that pr...

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Risen, UPC-AC Energy Solar ink structured 140 MWp supply agreement

Risen Energy Co., Ltd., the leading producer of high-quality solar PV products, recently revealed that it has signed a structured 140MWp supply contract with UPC-AC Energy Solar Asia Limited. According to this agreement, Risen will provide its proven...

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BayWa r.e. announces acquisition of U.S-based Enable Energy, Inc.

BayWa r.e., one of the leading renewable energy firms with expertise in the onshore wind sector, has reportedly acquired Enable Energy Inc. (EEI) in a bid to strengthen its growth and footprints in the Americas. With 750 MW of wind and solar project...

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Reliance Jio to deploy over 100 million affordable smartphones

Reliance Industries Ltd, the renowned international conglomerate’s telecom division, has reportedly announced that it is planning to outsource the production of more than 100 million affordable smartphones. These smartphones will be based on th...

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Foresight Solar declares purchase of the Virgen del Carmen solar farm

UK-based, closed-end company Foresight Solar has announced that it has reportedly acquired the Huelva-based Virgen del Carmen solar farm, of 26.1 MW capacity – its first Spanish solar asset. As per sources familiar with the knowledge of the ma...

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ConnectiveRx collaborates with HelpAround to streamline patients’ care

ConnectiveRx, one of the leading patient support and access solution providing companies, has reportedly announced a strategic investment in Maryland-based HelpAround in a bid to simplify the patients’ access to care services through mobile pho...

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TCV acquires global spend management leader oversight systems

Oversight Systems, the U.S-based global leader in spend management technology, has reportedly received a strategic investment from private equity firm TCV. Sources cite that TCV has acquired a majority stake in Oversight from Luminate Capital Partne...

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Fino Services, LLC Enhances Customer Experience with Input 1 Payments

Fino Services, LLC announced that it has switched to Input 1 payments, one of the leading insurance payment platform providers. The move is reported to significantly improve their customer and agent relationships and business services. Fino Services...

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Enel Green Power initiates Roadrunner solar plant operations

Enel Green Power S.p.A, an Italian renewable energy company, has recently commenced its second phase operations at the 245 MW Roadrunner solar plant in Texas. Reportedly, the entire 497 MW project comes as the companys largest operational solar farm ...

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Vibe announces acquisition of CHAC to expand cannabis products line

Vibe Bioscience Ltd., the U.S-based vertically integrated cannabis company, has reportedly inked an agreement to acquire Cathedral Asset Holding Corporation (CHAC) and its manufacturing and distribution assets in Santa Rosa, California. According to...

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Panda Express to offer online gift cards using Blackhawk’s CashStar

Panda Express, an American Chinese restaurant brand, has reportedly partnered with Blackhawk Network eCommerce Solution, a branded payments provider, in order to expand its gift card program using CashStar Consumer technology of Blackhawk. As per th...

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Genome engineering firm Synthego raises $100 Mn in Series D round

Synthego Corporation, a start-up developing a machine learning-based approach to genome engineering, has reportedly raised USD 100 million in a Series D funding round. The funding round was led by novel investor Wellington Management and co-led by 8V...

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Honda Plans to Move Some of its Production from the U.K. to Japan

Honda Motors is planning to transfer some of the production from its U.K. factory to Japan in response to the falling European economy. The Honda factory in the U.K. is reported to be closed in 2021 as the U.K. is set to leave the European Union (EU)...

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BrewDog becomes carbon negative by switching to wind-powered breweries

BrewDog, a Scottish brewing company, has recently gone carbon negative by making a switch to wind power for its bars and breweries. The company is also planning to enter the business of planting trees on the 2,050-acre of land it has purchased in Sco...

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Amazon announces new renewable energy powered project in Ireland

A while back, retail and technology conglomerate Amazon created The Climate Pledge as a part of its commitment to accomplish net zero carbon emissions by 2040. In order to achieve the same, the company seems to have set aggressive goals, one of them ...

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IAS rolls out ‘Context Control’ for online content classification

Digital ad verification major, Integral Ad Science (IAS), has reportedly announced the launch of ‘Context Control’, the company’s sophisticated new suite of suitable and brand safety solutions. These solutions integrate premiere sem...

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NIO sets up new battery asset company, Wuhan Weineng Battery Asset Co.

Wuhan Weineng Battery Asset Co., a battery asset management company led by NIO, has recently been established. This NIO-led company has registered a market capital of RMB 800 million, which is represented by Shen Fei, VP of NIO Power. The shareholde...

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Trina Solar to expand manufacturing capacity of 210-mm solar cells

Trina Solar Co Ltd. has reportedly announced the signing of an investment corporation agreement to expand the solar cell manufacturing capacity. The deal has been signed between this leading PV & smart energy solutions provider with Yancheng Econ...

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All Covered acquires Depth Security to strengthen security offerings

The acquisition has equipped All covered with both Blue Team (Vulnerability Management, Active Defense security monitoring) and Read Team (Advisory emulation and Testing Services) capabilities.   All Covered Inc., together with its parent organ...

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Mycropore announces purchase orders from 2 leading chip manufacturers

Mycropore Corporation Ltd., a leading micro-contamination control & filtration solution provider, has recently announced the receipt of repeat POs (purchase orders). These repeat purchase orders are from 2 leading customers based in North America...

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U.S. Gold Corp buys Northern Panther Resource in an all-stock deal

US Gold Corp., the gold exploration and development company, has reportedly acquired Northern Panther Resource Corporation in an all-stock transaction. Nevada-based Northern Panther has merged into a new subsidiary of the US Gold Corp.  Norther...

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Pipeline acquires HAZMATPAC to meet high certified packaging demand

Pipeline Packaging, the largest rigid industrial container distributor in the U.S., has reportedly acquired a packaging container manufacturer and distributor, HAZMATPAC, Inc. Since its development in 1991, HAZMATPAC has been distributing packaging ...

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Peck enters agreement to acquire Sunworks & drive presence in U.S.

The Peck Company, a construction engineering company, has reportedly entered an agreement to acquire Sunworks, a commercial solar company. Following this all-stock transaction, the stakeholders of Sunworks are expected to receive an aggregate of near...

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Aphex continues to expand Hy-IQ™ production at Port Richey facility

Aphex BioCleanse Systems Inc. has recently announced the continuation of Hy-IQ™ production at its facility at Port Richey, Florida. Headquartered in New York, Aphex is a medical devices and equipment company that has been efficiently and rapidl...

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LONGi announces RE100 roadmap towards green energy transition

China-based solar tech company, LONGi Green Energy Technology Co. has recently revealed its 8-year roadmap to transform its global operations into 100% renewable energy by 2028. LONGI green, which is the world's biggest producer of mono-crys...

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MRI acquires MacMunnis to expand MRI @Work for corporate occupiers

MRI Software, a real estate and investment management software provider, has reportedly acquired a service company that offers lease administration solutions, MacMunnis, Inc. The services and software provided by MacMunnis will help expand the MRI @...

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J-POWER & AP Solar start joint development of Charger Solar project

J-POWER USA Development Co., Ltd., Avondale Solar, Solar Plus Development, and AP Solar Holdings (a joint venture company of Avondale & Plus) have reportedly reached an agreement. As per the agreement, these companies will jointly devel...

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NIIF-backed Ayana acquires two 40-MW solar power plants in Karnataka

Ayana Renewable Power, a renewable energy platform backed by NIIF (National Infrastructure & Investment Fund), has recently announced the acquisition of 2 Karnataka-based solar power plants. These solar power plants, which have been developed by ...

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Shell Australia to take on environmental services firm Select Carbon

Driven by its vision to become a net-zero emissions energy business before 2050, Shell Australia has revealed plans to acquire 100% of environmental services company, Select Carbon. The proposed move comes as Shell’s first acquisition for ...

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7-Eleven acquires 3,900 Speedway stores for $21 billion in cash

7-Eleven, Inc., has reportedly announced that it has entered into an agreement for the acquisition of Speedway convenience store chain from Marathon Petroleum Corporation for a sum of around $21 billion. The deal comprises the takeover of 3,900 Speed...

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BioTelemetry acquires RPM & coaching platform from Envolve People Care

BioTelemetry, Inc., a medical laboratory company, has recently announced the acquisition of the On.Demand™ RPM (remote patient monitoring) & coaching platform. This platform is operated by a wholly owned subsidiary of Centene Corp., En...

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Alliant acquires Senior Market Sales to expand benefits platform

Alliant Insurance Service, Inc., a U.S-based finance company, has inked an acquisition agreement with prominent insurance marketing organization (IMO), Senior Market Sales, Inc. (SMS). Reports claim that the purchase would introduce a new line of bus...

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Mafic USA commences operations at Shelby-based production facility

Mafic USA LLC, the U.S-based company with expertise in producing advanced materials for the composites industry, has reportedly started operation at the world’s biggest basalt fiber production facility in Shelby, North Carolina. This move marks...

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Metcash signs agreement to buy 70% stake in Total Tools for $57M

Australian conglomerate, Metcash, has reportedly announced that it has entered into an agreement for the acquisition of 70 per cent stake in Total Tools for an approximate sum of $57 million. Metcash had first announced plans for the acquisition of T...

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Curi Bio buys Dana Solutions to boost drug development platform

Curi Bio, a US-based biotechnology firm that specializes in developing human iPSC-based platforms, recently announced that it has acquired Dana Solutions, a prominent machine learning and artificial intelligence company that focuses on cell-based ass...

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Deutsche Telekom and Ericsson strike a new 5G RAN deal in Germany

Deutsche Telekom AG, and Ericsson, two of Europe’s leading telecommunication service providers, have reportedly announced that they have further consolidated their partnership through a new multi-year agreement to roll out Deutsche’s 5G R...

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Notiphy joins the NSCA, offers new digital manufacturing services

With the ongoing COVID-19 pandemic, digitalization across industries is proliferating at a striking pace. Manufacturers worldwide are adopting digital strategies as physical distancing and tighter employee safety measures have taken center stage duri...

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Chevron unveils plans to acquire Noble Energy via $5B all-stock deal

American energy corporation, Chevron, has reportedly announced that it is planning to purchase Noble Energy through a $5 billion all-stock agreement. The move has been taken to bolster the company’s shale presence against falling crude prices a...

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Madison Cloud rolls out its Private MultiCloud Storage (PCMS) solution

Data storage solution provider, Madison Cloud, has reportedly announced the roll-out of its latest cloud innovation, Private MultiCloud Storage (PMCS). The solution has been developed through StorONE-owned software defined storage platform and focuse...

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Uber announces acquisition of public-transit software firm Routematch

Around one month after Uber Technologies Inc. announced the acquisition of Postmates to strengthen the food delivery business, it seems that the ridehailing giant is looking to expand its reach into the public transit sector. In the recent move, Uber...

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Siemens signs agreement to acquire Avatar Integrated Systems

Siemens has reportedly inked an agreement to acquire Avatar Integrated Systems, a California-based software company. Avatar’s software assists engineers in optimizing the PPA (power, performance, and area) for complex chips with a few resource...

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Seebo raises $9M funding for efficient production losses management

Seebo, a pioneer in Process-based Industrial AI, has recently completed a $9 million funding round. This funding round was led by Ofek Ventures, including the participation of Vertex Ventures as well as existing investors namely TPY Capital and Viola...

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Fisker goes public via reverse merger with Spartan Energy Acquisition

Fisker Inc., an American EV (electric vehicle) automaker, is reportedly going public via a reverse merger with Spartan Energy Acquisition, a SPAC (special purpose acquisition company). The EV automaker has entered the reverse takeover deal at around...

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Allstate to acquire National General to grow independent agent business

The Allstate Corp., an insurance company, has reportedly entered an agreement to acquire National General Holdings Corp. for nearly $4 billion or $34.50 per share. The deal, which is expected to close in the beginning of 2021, is subject to regulator...

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GE Appliances invests $62M to expand production at Louisville plant

GE Appliances has recently announced an investment worth $62 million to expand the production capacity at its 750-acre manufacturing facility in Louisville. The company also has announced the creation of 260 new jobs to accommodate the surging assemb...

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Intriva acquires Lending Works to venture into new areas & products

Intriva Capital, an investment firm, has reportedly acquired a UK peer-to-peer lending platform, Lending Works. Following the completion of this deal, the company is planning to provide additional capital and funding to drive business growth. Lendin...

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Duke Energy to reconfirm investments in energy efficient programs

American electric power holding major, Duke Energy, has reportedly announced that it is planning to realize its ambitious clean energy goals without the Atlantic Coast Pipeline through enhanced investment initiatives in energy efficiency programs, ba...

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Canadian Solar introduces new line of high-efficiency PV Modules

Canadian Solar Inc., one of the world’s leading solar companies operating large scale solar projects, has reportedly introduced Series 5 and Series 6 PV modules. These new modules will join BiHiKu, HiKu, HiDM portfolios, expanding existing rang...

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EIB to invest €43.5M in Cabrera Solar Project in Spain, backed by EFSI

The EIB (European Investment Bank) is reportedly placing its focus on investing 43.5 million euros ($48.8 million) in Cabrera Solar Project, a solar PV project. This investment from the EIB for the project in Andalusia, Spain is sponsored by the EFSI...

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Enso Energy & GIG join hands, solar-plus-storage pipeline in the works

Enso Energy and investment banking firm Green Investment Group (GIG) have reportedly forged a joint venture with the intention of building a 1GW pipeline of battery solar projects in the United Kingdom. GIG will be working with the British renewables...

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Itron closes deal with Accell to strengthen footprint in Latin America

Itron Inc., the U.S based technology company that offers services and products on energy and water resources management, has reportedly closed an agreement with Accell aimed at strengthening its footprint in the Latin America grid market. According ...

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SDN Communications selects Nokia to automate IP and optical networks

With the potential to attain speeds 100 times faster than existing 4G networks and bring a new wave of digitalization across industries, it’s no wonder that organizations are putting their best foot forward to strengthen their 5G landscape. A ...

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Centrica launches new digital-only energy brand to reattract customers

‘British Gas’ brand owner Centrica has reportedly announced that it is planning to launch a new low-cost energy brand to reattract thousands of consumers that it has lost over the past few years. The company has signed an agreement with E...

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iCapital declares buyout of Well Fargo’s alternative fund platform

The acquisition is set to bolster iCapital’s leading position in offering the financial advisors with cutting edge technology platform and access to alternative investments. The global financial technology platform leader- iCapital Network1-h...

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Merck Animal Health gets Quantified Ag; acquisition done & dusted

In what is being as a perceived as a major news in livestock industry, Merck Animal Health has announced the completion of the acquisition of Quantified Ag®. The acquisition had been over not before Merck Animal Health infused funds in Quantified...

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Digital.ai acquires Experitest & Numerify to gain AI-powered analytics

Digital.ai, credited with creating the first Value Stream Platform in the industry, has recently announced the acquisition of an AI analytics solutions firm, Numerify, and a continuous quality provider, Experitest. The TPG Capital-backed acquisitions...

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ENE acquires Utility Services to boost energy capabilities & services

Energy New England (ENE), a wholesale risk management & energy trading organization, has reportedly acquired an international repair services organization, Utility Services Inc. Utility Services will become the wholly owned subsidiary of Energy ...

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Saudi Aramco proceeds to acquire 70% share in Saudi Basic Industries

Saudi-owned multinational petroleum and natural gas major, Saudi Aramco, has reportedly announced its purchase of 2.1 billion shares in the leading Saudi Arabian chemical manufacturing company, Saudi Basic Industries (SABIC). Sources cite that this a...

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Baldwin enters asset purchase deal with Western Quartz Products

Baldwin Technology Company, Inc. has reportedly entered an asset purchase deal with a market leader in UV (ultraviolet) curing & exposure industry, Western Quartz Products. Western Quartz Products, a pioneer in the ultraviolet space, has been de...

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E3/Sentinel plans to take over software developer Lucid Perspectives

Virginia based leading provider of service-driven solutions, E3/Sentinel, has reportedly announced its plans to acquire Virginian software development major Lucid Perspectives LLC. The acquisition has been reported to commence immediately with E3/Sen...

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Clir announces launch of optimization platform for solar assets

Clir Renewables has reportedly announced the launch of an optimization platform for the solar assets. With an aim to address the increasing gaps in the solar market, the company will be rolling out this solar platform over the next few months. There ...

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Lockheed, TAQNIA to build new ground systems for Saudi Arabia

TAQNIA, the Saudi investment and technology development company, has recently joined forces with U.S. aerospace and defense company, Lockheed Martin to develop and deploy the latest ground segment for the commercial and operations of SaudiGeoSat-1 (S...

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Instagram rolls out tools to help users earn money via online videos

Instagram, the social networking service owned by Facebook, has reportedly rolled out new tools for users in the mobile video content market. The tools will enable users to earn money by posting online videos as the service competes for creative tale...

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Uber lays off 600 employees as part of a global restructuring plan

Uber, recently announced that it has laid off about 600 of its employees – amounting to about 25% of its Indian workforce. The overall headcount of the same is 2,400 across the country, spanning the verticals of business development, finance, p...

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FTI Consulting inks agreement to buy few assets of Delta Partners

FTI Consulting, Inc. recently announced that it has inked an agreement to buy particular assets of a renowned investment banker and strategy consulting company focused on telecom, media & technology, Delta Partners. It has its offices located in ...

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Sterling & Wilson secure AUD 615Mn solar EPC project in Australia

Sterling & Wilson Solar (SWSL), India’s leading solar power generation firm, has recently announced securing its largest EPC contract, which is worth over AUD 615 million from Australia. This contract includes an AUD 85 million operation an...

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CoStar to take over real estate online platform Ten-X Commercial

CoStar Group, a leading digital analyst for lease and sale of commercial properties in North America and Europe, has agreed to purchase of Ten-X Commercial, a real estate online platform known for liquidation of stressed assets. The deal involves a t...

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Spektrum Cannabis launches fully automated oil extraction FSO module

Spektrum Cannabis Technologies, an industrial engineering company, recently unveiled for cannabis processing a fully automatic, integrated, and enclosed oil extraction unit named Spektrum FSO Module. The product has been primarily developed for larg...

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Gulf Insurance Group buys $4.25 Million stake in Yallacompare

Being one of the most diversified insurance groups, Gulf Insurance Group (GIG) holds a prominent position in North Africa and the Middle East region. Recently, the insurance company decided to strengthen its foothold by acquiring stake worth $4.25 mi...

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Newcrest buys Lundin Gold’s Fruta del Norte finance facilities

Lundin Gold Inc., the Canada-based mining company, has reportedly announced that Newcrest Mining Limited has inked an agreement with Blackstone Tactical Opportunities and Orion Resource Partners to acquire project financing package offered to Lundin ...

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ADPower reveals lowest tariff for Al Dhafra Solar Photovoltaic project

ADPower (Abu Dhabi Power Corp.) has recently announced the lowest tariff worldwide for solar power through the Al Dhafra Solar PV project. EWEC (Emirates Water and Electricity Company), a subsidiary of ADPower, has offered a virtual read-out of 5 te...

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NOBL Beverages puts forth an acquisition offer for MATI Energy

NOBL Beverages, based out of New Hampshire, has apparently purchased the defunct energy drink manufacturer MATI. As per reports, NOBL plans to relaunch the organic brand. This is possibly NOBL’s debut acquisition, if sources are to be believed...

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Incrediwear launches a new donation program to help healthcare workers

Incrediwear Inc., a U.S-based company manufacturing anti-inflammatory socks, sleeves, and braces, has reportedly launched a new program, called ‘Help a Healthcare Hero Donation Program’, aimed to offer its circulation-boosting, pain-relie...

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Gousto raises $41Mn to enhance business capacity amidst lockdown

London-based meal-kit service, Gousto has recently bagged around $41 million in funding aimed at building more capacity to meet rising consumer demand, expanding next-day delivery capabilities, and furthering investments in its technologies like AI e...

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ExxonMobil boosts critical raw materials production to combat COVID-19

ExxonMobil, an American multinational oil and gas corporation, has recently boosted the production of critical raw materials for clinical supplies to combat the spread of COVID-19 disease. These clinical supplies, namely masks, hand sanitizers, and g...

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HyperSolar fuels production of solar hydrogen panels with Suzhou GH

HyperSolar Inc. has reportedly announced that it is collaborating with Suzhou GH New Energy, a subsidiary of GCL Poly, to make modifications in solar cells required to develop Gen 1 hydrogen production panels. These panels will be utilized in demonst...

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Foxcil partners with Sydney Print Media to produce PPE in large volume

Foxcil, a label manufacturer based in Sydney, has recently announced that it is ready to meet the call of the Australian government to produce personal protection equipment, and more importantly face shields. The innovation design for the FacespaceP...

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Facebook’s COVID-19 survey to help researchers track disease spread

Social media platform to launch a covid-19 survey for its users to support researchers track the path of epidemic spread. The survey is expected to be run by health researchers at Carnegie Mellon University. Social media and technology company,...

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Brake manufacturer Brembo to purchase long-term stake in Pirelli

Italian brake manufacturer Brembo has reportedly made plans to purchase a small long-term stake in tire producer Pirelli. Brembo manufactures brakes for several automotive firms including Tesla, Mercedes, BMW and Ferrari, in addition to many Formula ...

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GCL System investing $2.5B to build 60GW solar module factory in China

GCL System Integration Technology Co., a leading manufacturer of PV modules and energy systems, recently announced plans for building a 60GW solar module production facility in the Anhui province, China. According to the sources close to the ma...

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Valmet inks deal with Asia Paper Manufacturing to supply hard nip sizer

Finland based pulp and paper company- Valmet has reportedly inked a deal to deliver a new sizing component with a hard nip sizer to South Korea’s Asia Paper manufacturing Co. Ltd. at the Sihwa Mill. Reportedly, the aim of the deal is for the r...

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Google unveils portal to provide the latest COVID-19 information in US

Google has recently launched a portal in the U.S. focused on providing people the most up-to-date guidance and direction on COVID-19, on account of still-rising death toll across the country. It unveiled Google.com/covid19 that consists of links as w...

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Self-driving vehicle firms to halt testing following COVID-19 fears

Renowned self-driving tech firms like Uber, Waymo and Cruise have reportedly suspended testing of their autonomous vehicles, that apparently involve backup drivers, to support the efforts of trying and containing the spread of the coronavirus. Accor...

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Verily launches coronavirus website for northern California adults

Verily Life Sciences, a healthcare technology organization owned by Alphabet Inc., has recently launched a coronavirus consulting website for adults in northern California. Through the website, which has been jointly developed with some of Google&rsq...

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Asuragen announces development of new technology to deal with COVID-19

Renowned molecular diagnostic product company Asuragen, Inc., has apparently developed a technology in order to combat the dreaded ongoing COVID-19 pandemic. As per sources familiar with the knowledge of the matter, the company has come up with an Ar...

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Mahindra automotive evaluating Flint, Michigan for its second U.S. plant

Mahindra, the Mumbai-based automotive manufacturer recently announced plans to open a manufacturing plants in Flint (Michigan), for manufacturing vehicles including mail delivery trucks for the United States market. The plant is also expected to crea...

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Backbone announces closure of series A funding at USD 18 million

Investment from the Group to reportedly bring in a New Era of Cloud Technology. The company has been able to gather over $23 million investment till date. Columbia based Backbone reportedly announced that it has successfully secured an additiona...

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Cobham asks defence secretary to block deal citing security issues

· The founders of British defence firm Cobham has requested the government to mediate in the 4 billion pound worth takeover of the company by Advent International. · Lady Cobham expresses uncertainty on the assurances raised by Advent....

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UQM Technologies declares completion of Danfoss Power Solutions merger

Reportedly, the company’s merger with Danfoss has been successfully completed.   This alliance is expected to transform the future of electric vehicle market. UQM Technologies Incorporation has reportedly announced the completion of ...

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Visioneering Tech secures medical device registration in Hong Kong

Visioneering’s NaturalVue Multifocal contact lenses are offered for the control of myopia progression   Hong Kong has one of the highest rate of myopia compared to any other region Visioneering Technologies, Inc., a U.S. medical devi...

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BAIC BJEV to develop six new fully electric vehicles by 2021

To support the production of the vehicles, the company has set up a 50,000-square meter development facility. BJEV – the electric car subsidiary of China based automobile company BAIC reportedly announced the development of six new completely...

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Amazon India in talks to enter food delivery business with Uber Eats

The e-commerce company aims at making the Prime app more usable through the food delivery addition. Reportedly, with the plans, Uber Eats is eyeing a valuation of over USD 300 million. The e-commerce giant, Amazon India is reported to acquire Ub...

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CORSAIR acquires ORIGIN PC to strengthen its hold in gaming market

The company has taken over the gaming PC leader-ORIGIN PC to reach a broad section of customers in the North America region. California based CORSAIR Components has reportedly acquired Florida based gaming PC pioneer ORIGIN PC recently. With an expe...

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Etihad, Hinduja to submit Expression of Interest to revive Jet Airways

Reportedly, the airline has debt of liabilities of more than INR 36,000 crore. Hinduja Group and Etihad Airways have reportedly announced that both the companies will contribute as competitors to revitalize Jet Airways. The two companies had earlier...

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Go Air launches multiple new international and domestic flights

The airline currently runs with 285 daily flights to over 24 domestic and four international destinations. The Mumbai-based low-cost airline GoAir has announced the expansion of its operations by introducing 12 new international routes connecting I...

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Taaleri Energia acquires 91-MW Finnish wind farm in first transaction

Taaleri Energia, a wind & solar developer and fund management company recently acquired 100 per cent equity of Oltava, a Finland-based wind farm through the firm’s SolarWind II fund along with fund co-investors. For the record, Taaleri Ene...

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