About Author : Dhananjay Punekar

Dhananjay Punekar

Dhananjay Punekar presently develops content for a slew of portals, including Market Size Forecasters and Algosonline. A post graduate in mathematics and business administration, he worked in Infosys BPO Limited prior to switching his professional genre. As a content writer, he currently writes articles pertaining to the latest industry news, business trends, and market research.



Contribution by Dhananjay Punekar

Data Center Market in Europe: ‘Cloud’ Demand from the IT Sector to Fuel Industry Growth to 2020

With top industry magnates striving to expand cloud-based services across various geographies, data center market in Europe is set to witness a tremendous upsurge in the next few years. Adoption of novel technological advancements, increasing demand ...

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Fuel Cell Market to observe phenomenal gains with the strategic partnership of Plug Power, Inc. and Amazon, high demand for GenKey-powered equipment to fuel industry growth

Global fuel cell market is likely to grow at a remarkable pace with the recent collaboration between online retailer giant, Amazon, and fuel cell industry magnate Plug power Inc. The agreement has reportedly helped plummet the latter’s stock pr...

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Apple to invade the evolving India smartphone market very soon, a 2-year wait on the cards for the tech giant to accrue profits

The latest buzz around the grapevine is that Apple is all set to infiltrate the Indian smartphone industry over the period of the next two years. This report has surprisingly made headlines a week after the news about Xiaomi being ranked as the most ...

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The iconic tussle between the key players of global smartphone market: Samsung outruns Apple to claim the number 1 position in 2017

In what seems to be a cataclysmic situation for the competitive landscape of global smartphone industry, Samsung has defeated Apple to take over the first position once again. The last quarter of 2016 witnessed Samsung holding 18.5% of global smartph...

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Huawei collaborates with Redington, depicts business interest in India’s Smart City endeavor

Huawei India, one of the key regional R&D centers of the Chinese magnate, Huawei, has signed a deal with Redington, one of India’s top information technology and telecom solution providers, to widen its physical presence across the Indian s...

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Dow-DuPont collaboration receives regulatory nod from China

The Dow Chemical Company had recently proposed a merger of sorts with DuPont, the renowned American chemicals firm. The USD 130 billion deal has now officially been approved by the Chinese government subject to specific conditions, state reports. Th...

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Toyota collaborates with NVIDIA, the automaker’s latest self-driving vehicles to use NVIDIA’s AI car computer platform

Renowned player in global automotive industry, Toyota, recently partnered with tech giant NVIDIA to use the GPU maker’s self-driving car platform for its new range of autonomous cars. Toyota plans to use NVIDIA’s Xavier AI Car Supercompu...

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Superconducting Magnets Market to Grow at 0.88% CAGR During the Period 2017-2021

global superconducting magnets market report that lists top companies as Siemens, Sumitomo Electric Industries, and Columbus Superconductors. Other Prominent Vendors in the market are: Agilent Technologies, American Magnetics, and Bruker. Commenti...

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Probiotics: The mood alleviating elixir to combat depression or an overrated additive with intangible effects.

A new scientific research study has recently stated that consuming a specific type of probiotic is likely to help battle both - the symptoms of depression and irritable bowel syndrome (IBS). Researchers claim that this is a revolutionary discovery th...

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General Motors looks forward to joining hands with M&M for servicing all its vehicles

General Motors, the global automotive market player had recently announced its plan to quit the Indian market. To achieve the same, the company intends to enter into a strategic alliance with Mahindra & Mahindra, an established behemoth across th...

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oDocs creates world-first AI medical platform for auto-diagnosis

Dunedin firm oDocs, based in New Zealand, has apparently developed the world’s first AI-based medical platform for researchers & clinicians to determine various diseases based on a sole image. If reports are to be believed, the tool is oper...

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Gibson Energy declares sale of U.S. environmental service businesses

Gibson Energy Inc., a Canada based midstream service firm in the oil & gas sector, has sold its environmental service business in the U.S. for nearly USD 125 million. According to reliable sources, this strategic move is aimed towards further exp...

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Royal Philips introduces adaptive intelligence in Northland DHB

Royal Philips has brought forward adaptive intelligence to Northland District Health Board, which is incidentally the first user of the firm’s health informatics system in the ANZ region. Apparently, the health informatics technology works like...

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Skoda aims to develop five electric vehicles within the next two years

Skoda Auto, one of the key players across the vehicle manufacturing sector, has apparently declared that it is going to launch five electric vehicles in the global market by 2020. The CEO of the firm, Bernhard Maier, has stated that the firm is likel...

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Energean to pour in USD 1.6bn in Israel’s offshore O&G basins

Reputed Greek oil & gas firm Energean is likely to invest nearly USD 1.6 billion in the Karish and Tarin natural gas fields off the Israel Coast. The firm has stated that the gas supply from the offshore field of Karish is expected to commence in...

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Spark introduces an all-new IoT network across New Zealand

Spark New Zealand, a telecom firm offering fixed line telephone services as well as mobile & internet solutions, has introduced a new IoT network in the country. According to authentic sources, the new low-power wide area network is expected to b...

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Acropower to build waste-to-energy unit on Chew’s poultry farm site

Acromec Limited, a Singapore-headquartered engineering services firm, has declared that its subsidiary, Acropower, has signed an MoU with HL Plus. The deal entails the construction, ownership, and operational responsibility of a waste-to-energy unit ...

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MCE to supply electronics & mechatronic parts for Proton car models

MCE Holdings Berhad, a renowned investment holding firm, has apparently received contracts to supply complex electronics & mechatronic components for new Proton car models. According to authentic sources, the contract of supplying the components ...

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Aramco & PETRONAS collaborate to form two JVs for the RAPID project

Saudi Aramco, a Saudi Arabian national petroleum & natural gas firm, has signed an agreement with PETRONAS, an oil & gas firm based in Malaysia, to invest in a refinery project off Malaysia. In the first quarter of 2017, Aramco decided to pur...

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Dollarama to add bulk buyouts of low-cost goods to the e-commerce rush

Dollarama Inc., a Canada based retail chain firm, is likely to add bulk purchases of its low-priced products to the eCommerce queue in a bid to promote the expansion of its bricks-and-mortar stores. Neil Rossy, the CEO of Dollarama Inc., has stated t...

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Hibiscus Petroleum completes acquisition of 50% stake in North Sabah

Hibiscus Petroleum Berhad, an oil & gas firm based in Malaysia, has acquired a 50% stake in the 2011 North Sabah Enhanced Oil Recovery Production Sharing Contract (PSC) and (JOA) joint operating agreement associated with PSC. The other stakeholde...

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Mecklenburg prosecutes Atrium to sever ties & operate independently

Mecklenburg Medical Group, a part of the Carolinas HealthCare System, has filed a litigation against Atrium Health, a non-profit hospital network headquartered in North & South Carolina. The claim has been filed on the grounds that Atrium display...

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ThreadSol’s latest move to provide a boost to Asia apparel sector

ThreadSol Software Private Limited has reportedly declared its plans of sponsoring PI Apparel Hong Kong to promote the growth of the apparel industry. For the record, PI Apparel is an effective platform for fashion, footwear, and apparel giants to co...

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Meituan to purchase bicycle-sharing startup Mobike for over $3 billion

Meituan Dianping, a Chinese firm offering online retail products & services for local consumers, is reportedly planning to purchase Mobike, a bicycle sharing startup, in a deal worth USD 3 billion. Reportedly, the takeover deal values Mobike&rsqu...

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SIMEC Zen Energy to build battery with 120MW storage units in SA

Whyalla Steelworks founder Sanjeev Gupta has received a USD 10 million loan from the South Australian administration via its Renewable Technology Fund for developing world’s biggest battery at Port Augusta. For the record, the 120 MW/140 MW hou...

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Aviva has signed a noteworthy ten-year distribution agreement with UK-based HSBC

Aviva, a multinational insurance firm based in the UK, has made two prolific pacts with HSBC, a UK based banking & financial service provider endorsing global operations. The first deal is apparently a ten-year distribution agreement and is toute...

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Angola and China plan to jointly construct a hydropower plant in Angola - the largest of its kind in the African subcontinent

China Gezhouba Group Company Limited, a Chinese-based construction & engineering firm, is expected to build the Caculo Cabaca mega hydropower venture in Angola in the North Kwanza province of the Dondo region. If reports from reliable sources are...

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Walt Disney to account for a major stake in BAMTech LLC and collaborate with ESPN for a streaming service

The Walt Disney Company, a U.S. based multinational mass media and entertainment firm, is all set to purchase major portion of shares from BAMTech LLC, a key industry player offering direct-to-consumer video streaming and marketing services. As per t...

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Global Infrastructure Partners to a 50% stake in DONG Energy’s German Borkum Riffgrund 2 Offshore Wind Farm

DONG Energy, one of the internationally acclaimed players operating across the oil & gas and energy sectors, has sold fifty percent of its shares in Borkum Riffgrund 2 to Global Infrastructure Partners III, an equity fund unit of Global Infrastru...

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Sanofi liquidates its creative catalog with the addition of WPP Group to its media network

Sanofi S.A., a French pharmaceutical firm, has added the WPP Group, a UK based advertising & public relations firm, to its ad agency list along the lines of Havas and Publicis. The WPP network agencies group will apparently work with Havas and Pu...

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Abbot laboratories withdraws 4,65,000 pacemakers to install a software update in the devices

Abbott Laboratories, a key U.S. based player in the healthcare device manufacturing industry, has declared the withdrawal of 4,65,000 pacemakers to install a software update with a view to shield them against a potential set of vulnerabilities. The w...

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Merck group expands its business in global food safety testing industry, sets up a new food safety testing laboratory in the U.S

Merck Group, a rather formidable pharma behemoth, is all set to enter the emerging field of food safety testing through the establishment of its first food safety studio at Bellevue in the U.S. Reliable sources have reported that this 5,300 square fo...

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Duke Energy abandons its nine-year old Levy nuclear power plant project for renewable energy generation

Duke Energy, an electric power holding firm based in the U.S., has recently declared that it intends to put a stop to the construction of the Levy nuclear project in accordance with Florida’s public service commission (FPSC) legislations. The f...

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Uber launches its carpooling service Uber Commute in Singapore

Uber, the globally reputed ride-sharing & transportation network firm, has made it to the headlines for introducing Uber Commute. Apparently, this is a new carpooling service in Singapore that permits drivers heading to work to pick commuters for...

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Merck & Company to acquire Rigontec for over USD 550 million in a bid to expand its product portfolio

Merck & Company, a key player across the pharmaceutical industry, is planning to acquire Rigontec GmbH, a major participant in the RNA-based biopharmaceuticals market, for an upfront payment of USD 137 million. The company will reportedly pay USD...

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Merck and Inctye jointly carry out clinical trials of the drug combo treatment with favorable outcomes

Merck & Company, a major pharma giant and Incyte Corporation, reputed to be one of the key players in North America pharmaceutical industry, have achieved positive outcomes from their clinical experiments performed on the patients suffering from ...

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Bayer CropScience inks an agreement with Monsanto, company to resolve crop tech issues faced by the latter

Renowned Germany based Bayer AG, a key player across the life sciences industry, has plans to collaborate with Monsanto, in a bid to resolve the obstacles related to crop technology of the food products dished out by the latter. The merger is expecte...

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GE Renewable Energy declares the launch of the world’s largest onshore wind turbine

GE Renewable Energy, has unveiled the largest onshore wind turbine, which has been designed to develop a substantially huge amount of energy, capable of fulfilling the power supply requirements of nearly 5,000 households across Europe. Touted to be t...

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Tokyo Gas signs contract with flexibility in destination clauses

The Tokyo Gas Company Limited has reportedly signed a long-term contract to purchase LNG from an establishment of the Malaysia based State Oil firm Petronas with flexible destination clauses. Reports cite that the terms & conditions stated in the...

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Royal Dutch Shell Plc to recommence the operations of its Deer Park refinery in Texas

Royal Dutch Shell Plc, one of the most influential oil & gas industry majors, is expected to resume the operations of its 325,700 bpd (barrel-per-day) Deer Park oil plant in Texas, which was apparently closed down by force for almost a month, on ...

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Alibaba supports Malaysia’s smart city initiative via cloud computing

The cloud computing division of Alibaba Group Holding Limited, a China based eCommerce firm, has launched a smart city program referred as Malaysia City Brain, the first of its kind outside China. Reliable sources cite that Alibaba Cloud will help Ma...

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Publicis Groupe & Microsoft collaborate to create Marcel AI platform

Publicis Groupe, an advertising & public relations firm headquartered in Paris, has reportedly decided to join hands with Microsoft for Marcel, a professional assistant driven by machine learning and artificial intelligence technology. According ...

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Moixa collaborates with Itochu to launch Gridshare platform in Japan

Moixa, a key player across the consumer-grade renewable power storage sector, has reportedly decided to join hands with the Japanese trading firm Itochu Corporation to build a consumer base for its grid share technology in Japan. Reports further cite...

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Keurig plans to purchase Dr Pepper Snapple Group for USD 18.7 billion

JAB Holding Company, an investment firm that funds the coffee business of Keurig Green Mountain Inc. has decided to acquire Dr Pepper Snapple Group Inc. for USD 18.7 billion. JAB’s move to take over the soft drink business of Pepper as a part o...

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Pacific Edge enters into a commercial contract with RMG’s subsidiary

Pacific Edge Limited, a cancer diagnostics firm headquartered in New Zealand, has apparently signed a commercial pact with Raffles Diagnostica Pte Limited, a division of Raffles Medical Group, to supply a suite of Cxbladder cancer tests to the Singap...

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AEM Holdings announces the purchase of Afore Oy for S$12.3 million

AEM Holdings Limited has apparently declared its plans to acquire Afore Oy, a Finnish MEMS (Micro-Electro-Mechanical Systems) test service provider for nearly 12.3 million Singapore dollars. The company sources have stated that the acquisition will h...

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T7 Global to spend MYR 200 million in metal treatment project

T7 Global Bhd, a reputed engineering services firm, is apparently planning to provide funds worth nearly MYR 200 million for its metal treating project located at Serandah. As per some of the key officials of the firm, the unit based in UMW High Valu...

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Nestle pulls out of bid to buy Merck’s consumer health business

Nestle S.A. has reportedly withdrawn from its bid to buy out the consumer health business of Merck KGaA, the renowned manufacturer of Seven Seas Vitamins. Sources state that Nestle pulled out of the negotiation process with Merck post the supposed de...

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GE aviation & SIAEC collaborate to build an engine overhaul firm

GE Aviation, one of the topmost aircraft engine suppliers has reportedly inked an agreement with SIA Engineering Company Limited. Sources say that the Singapore based firm specializing in aircraft MRO (maintenance, repair, & overhaul) solutions h...

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Serba Dinamik to buy shares of three renewable power subsidiaries

Serba Dinamik, one of the most renowned engineering solutions firm based in Malaysia, has apparently decided to acquire forty percent ownership in each of the three green energy firms in Malaysia for 24.85 million Malaysian Ringgit. As per sources fa...

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FDA approves wearable device Embrace for seizure detection

Empatica Incorporation, reputed for developing wearable medical sensors based on human data analytics, has reportedly received the FDA approval for its award-winning smart watch. Embrace, as the device is popularly called, deploys AI technology for m...

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South Australia to offer $8.7mn for pumped hydro storage power plants

In what may prove to be a major leg up for the ongoing pumped hydro energy storage activities across South Australia, the administration of region has promised to allocate funds between USD 500,000 to USD 4.7 million to carry out feasibility studies ...

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Unigroup Spreadtrum & Google to work together on GMS Express Program

Unigroup Spreadtrum RDA, a memory chip making firm located in China, has decided to collaborate with Google to support the tech giant’s GMS express initiative. Apparently, Spreadtrum’s product line will complement Google’s newly lau...

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DNV GL establishes 3D printing lab for the regional O&M industry

DNV GL, a quality assurance & risk management company headquartered in Norway, has established a 3D printing laboratory in Singapore for testing systems used across the oil & gas (O&G) and offshore & marine (O&M) sectors. If sourc...

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Alibaba invests USD 1.3 billion to expand its offline retail business

Alibaba Group, a China based eCommerce firm, has apparently planned to pour in more than a billion U.S. dollars into its offline retail segment. According to The TechCrunch, the retail behemoth currently owns more than 15% of share in Beijing Easyhom...

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Amazon follows Apple & Google, plans to develop AI chips for Alexa

Retail behemoth Amazon reportedly plans to develop AI chips for its Echo devices. An article by TheVerge states that these chips will enable Alexa-powered instruments to quickly respond to user commands through their ability to process more device da...

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Nestle S.A. plans to acquire major stake in LATAM firm Terrafertil

In a key twist of events taking place across the food & beverages industry, Nestle S.A. has declared its decision to buyout a substantial proportion of shares in Terrafertil. The company, a natural & organic plant foods firm based in Ecuador,...

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Woodside to own 50% stock in Scarborough through $2.5bn share sale

Woodside Petroleum Limited, a major oil & gas producer in Australia, has decided to sell shares worth USD 2.5 billion for acquiring 50% stake in its Scarborough gas field joint venture with ExxonMobil. Sources claim that the firm is also reviewin...

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SUSE & AWS to expand business alliance to improve SAP applications

SUSE, a German-based open-source software firm that creates & sells Linux products to the end-users, has apparently declared to grow its business relationships with Amazon Web Services (AWS). Reports claim that the collaboration between the two f...

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Bombardier to transport C Series Jets to Delta Airlines this year

The reputed Canada based aerospace firm, Bombardier Inc., has apparently won a trade dispute against Boeing in the U.S., encouraging Delta Airlines to take on the delivery of C-series jets from Bombardier. According to Daily Mail, the International T...

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Mainstay Medical receives €30 million funding from investors

Mainstay Medical International plc, a firm that manufactures medical implantable device ReActiv8 ®, has raised funds worth approximately €30.1 million. Reportedly, the firm has raised this funding through issuing nearly 2,151,332 ordinary sh...

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Uber to sell its SEA-based ride-sharing business unit to Grab

In a major tide of events witnessed across the ride-sharing industry, Uber Technologies Inc., one of the most pivotal car-pooling & transportation network firms based in the U.S., has decided to sell its business in Southeast Asia to Grab, a Sing...

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Arizona DOT approves Waymo’s driverless ride-hailing service

Waymo, a division of Google’s parent firm Alphabet Inc., has received the approval from the Arizona State Department of Transport for operating as a transportation network firm. One of the key officials of the firm has stated that this decision...

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SolarHome gets $1.2mn fund for PAYG solar product line expansion

SolarHome, a Singapore based startup firm offering PAYG (pay-as-you-go) solar services to off-grid homes in South-East Asia, has apparently received funds worth USD 1.2 million from investors through its fund-raising program. The key officials of the...

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Alberta utilizes $1bn funding to provide momentum to bitumen exports

Alberta, one of the most proactive provinces situated in the western part of Canada, has reportedly announced loan grants worth nearly USD 1 billion, which is likely to raise the bitumen quantity transported via the current pipelines. Through this in...

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Apple to introduce tech compatible healthcare service for employees

Tech magnate Apple has reportedly planned to launch its primary medical care service referred to as AC Wellness. The firm seems to have taken the decision to penetrate the healthcare space following the footsteps of Amazon and Buffet, both of which h...

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Carousell & MoneySmart team up to enable personal finance access

MoneySmart, a personal finance website, and Carousell, a mobile & consumer to consumer marketplace based in Singapore, have reportedly decided to form an alliance for making personal finance easily accessible to customers. This strategic move has...

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KCA Deutag to sign a purchase agreement with Dalma Energy LLC

KCA Deutag, a global oil & gas services firm based in Aberdeen, is planning to purchase Dalma Energy from Saudi Arabia & Oman. Experts view the move as the firm’s strategy to expand its business across the Middle East. Depending upon t...

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OCBC Bank to provide funds for six green programs in Singapore

The Oversea-Chinese Banking Corporation Limited has apparently declared that it will invest nearly S$87,000 in six green ventures in Singapore. Incidentally, the #OCBCCares Fund for the Environment, launched in July 2017, had resolved to provide arou...

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Cigna Corp. likely to acquire Express Scripts for over $50 billion

The United States based health insurance firm Cigna Corporation has apparently declared its intention to buy Express Scripts Holding Company. The largest pharmacy benefit firm in the U.S. is likely to be sold out for a valuation of around USD 54 bill...

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WuXi Biologics & Adagene partner to generate new antibody therapeutics

WuXi Biologics, an open-access biologics technology platform firm offering end-to-end services for exploring, developing, and manufacturing biologics, has declared a partnership with Adagene. This collaboration with the Chinese antibody discovery &am...

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Salesforce-Dropbox ink integration deal for proficient cloud services

Dropbox Inc., a file hosting service firm and Salesforce.com Incorporation, a U.S. based cloud-computing firm have reportedly formed an integration alliance. The agreement is targeted at blending their services & sharing marketing activities as w...

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BioCatch culminates first round of tech funding at USD 30 million

BioCatch Limited, one of the pivotal players of the behavioral biometrics technology sector, has recently closed at USD 30 million in growth funding. Other investment groups such as CreditEase, American Express Ventures, Kreos Capital, Maverick Ventu...

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Google Inc. to acquire GIF image search start-up Tenor

Google Inc., the search engine giant, is likely to buyout Tenor, a GIF image search tool, for enhancing the efficiency of its search data. The acquisition is also likely to help Google provide the advertisers with the GIF format that has become highl...

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L&T Technology acquires USD 20 million contract from ExxonMobil

L&T Technology Services (LTTS), an engineering, research, & design division of Larsen & Toubro, has reportedly declared that it has been awarded a digitization contract by ExxonMobil Exploration firm, a subsidiary of ExxonMobil providing ...

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Xiaopeng Motors to raise over USD 1.6 billion for manufacturing EVs

Xiaopeng Motors, a China-based electric hybrid car startup, has apparently decided to raise funds of over USD 1.6 billion this year with an aim to compete against its rivals across the global electric vehicle market. Reports state that the electric c...

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Hanshin Properties & Ireka Corp. join hands to develop Rimbun Project

Ireka Corp Bhd, a Malaysia-based construction engineering firm, has apparently signed a joint venture with the Hankyu Hanshin Properties Corporation, a Japanese ground transport company. The JV has been inked for developing the Rimbun Kasia venture i...

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Fight against opioid overdose depicts success in Huntington city

Huntington city seems to have reportedly been very successful in combating the opioid overdose epidemic in the region. As per sources, the drug overdose had dropped to 20% during the fourth quarter of the last year as compared to the same span in 201...

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UK firms ban the usage of plastic to curb environmental pollution

In what maybe touted as a highly strategic move toward the maintenance of a green environment, certain UK based firms have decided to shun the use of plastics for preventing ecological damage. These firms include popular UK based supermarket chain Wa...

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Rosa Foods to launch Soylent in nearly 450 Walmart retail stores

Rosa Foods, the Soylent manufacturer, has apparently decided to introduce the product in all the four hundred and fifty Walmart stores across the U.S. Before entering the brick-and-mortar business space, the product was only available online and in b...

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FDA permits AI-powered medical device to detect diabetic eye ailment

In what may be touted to be a highly victorious incidence in the medical devices industry, the U.S. FDA has approved the sale of an innovative medical equipment. Referred as IDx-DR, this device makes use of AI technology to detect the most common cau...

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Accelerating Australia turns leader to transform biomedical expertise

Accelerating Australia, a Biomedical Innovation Group based in Western Australia, has received funds from a consortium of firms for financing its training & medical Biodesign programs. The move is likely to promote partnerships and innovations ac...

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Shire strikes deal with Servier to sell its cancer unit for USD 2.4B

Shire Plc, a global specialty biopharma firm headquartered in Ireland, has apparently entered into an agreement with a France based pharmaceutical company, Servier Laboratories. The agreement validates the sale of Shire’s oncology business for ...

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Amex to culminate loyalty program Plenti in the second half of 2018

American Express, a U.S. based multinational financial services corporation, has decided to discontinue Plenti, a frequent-shopper program classified as one of its loyalty programs, from the 10th July 2018. The company sources also declared that all ...

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Merck races ahead of Bristol-Myers in lung cancer drug therapy

Pharma major Merck has apparently emerged at the top, surpassing Bristol-Myers Squibb, in the results of the clinical trials that demonstrated the effectiveness of immunotherapy medicines. As per sources, Merck’s Keytruda and Bristol’s Op...

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Amazon abandons its plans to sell & distribute medicines to hospitals

Amazon Business has reportedly decided to drop its plans of selling & distributing pharma items to hospitals. Currently the eCommerce giant, that is involved in the sale of products to business customers in bulk, is on the verge of selling less s...

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JD Sports keen on expanding its business beyond national borders

In a move to expand its business across the Asia Pacific zone, JD Sports, Sports & Leisurewear retailer, has launched its stores in South Korea and Australia. Last year alone, the retail giant had established nine new retail stores in the APAC re...

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Best Buy & Amazon team up for the sale of smart TVs in U.S. & Canada

Amazon.com Inc., the globally acclaimed eCommerce firm, has reportedly collaborated with Best Buy, a renowned U.S. based electronic retailer, to sell smart televisions across North America. As per authentic sources, both the firms revealed that they ...

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Hammerson Plc abandons bid to purchase Intu Inc. for £3.4 billion

Hammerson Plc, a UK-based property development & investment firm, has decided to abandon its acquisition bid for Intu Inc., estimated at £3.4 billion. The UK company declared that the business decision has been based on the rising level of ...

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Boralex & Ardian sign agreement to acquire Kallista’s shares

In what may be touted as a major boost to the renewable energy sector, Boralex Inc., a Canadian developer of renewable power facilities, has entered into an acquisition deal with Ardian Infrastructure. The Canadian firm has agreed to buy out all the ...

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Top five brands accuse Alibaba of unfair eCommerce business practices

In a major turn of activities witnessed across the China eCommerce industry, a major U.S. based clothing brand witnessed a slump of nearly 10% to 20% in its Tmall sales post its refusal to sign a pact with Alibaba. That aside, the U.S. firm participa...

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Volkswagen outlines plans for U.S. Bond sale post emissions scandal

Renowned German automaker Volkswagen AG seems to be set to return in the U.S. bond market after its infamous emissions scandal in 2015. VW’s decision is likely to lead to a major turnaround in its business operations, claim sources. Reportedly,...

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Merck gets approval for its CRISPR genome-editing technology in China

Merck KGaA has declared that the Chinese Patent Office has provided it with the right to use its CRISPR gene-editing technology in the country. According to the company’s statement, the CRISPR technique helps chromosomes to alter in the living ...

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CMA clears Co-op’s £143 million acquisition of Nisa in the UK

The UK based competition regulator CMA (Competition and Markets Authority) has provided a green signal to Co-op’s takeover bid for Nisa, a renowned groceries wholesaler firm based in the UK. As per authentic sources, the purchase deal seems to ...

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MPA inks Tuas Terminal Phase 2 pact & other MoUs in the marine cosmos

The Singapore Marine sector seems to have reportedly witnessed an overwhelming influx of projects this week. If sources are to be believed, the Maritime & Port Authority of Singapore (MPA) has stated that it has signed the Tuas Terminal Phase 2 p...

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Nestle conducts review to reinforce its North America ad business

In what may be touted as a cost-saving measure, Nestle has introduced a review to centralize its advertising business with nearly four to six ad agencies across North America. Reportedly, the review includes creative as well as online functions acros...

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Comcast bids against Fox & Disney, offers £22 billion to buy Sky Plc

Comcast Corporation, a U.S. based broadcasting & cable television firm, has proposed a hostile acquisition bid for the UK headquartered Pay TV broadcaster Sky Plc for £22 billion. In response to the bid, the independent directors of Sky Plc...

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douglas-pharma-and-uwa-join-hands-for-developing-new-cancer-therapies

Douglas Pharmaceuticals Limited, a key pharma product manufacturer headquartered in New Zealand, has signed a partnership deal with The University of Western Australia (UWA) & Telethon Kids Institute for developing new cancer immunotherapies. Rep...

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Eli Lilly-NCCD deal to advance understanding of Type 2 diabetes & CVD

Eli Lilly and Company, the globally renowned pharma titan, has scarcely announced a strategic collaboration with the National Center for Cardiovascular Diseases in China. Incidentally, this move has come on the heels of the fact that China has now em...

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NETS launches new contactless CashCard with its own mobile app

NETS, a Singapore based payment service provider, has introduced a contactless CashCard that it will provide along with its own mobile application. As per the company sources, the new product is expected to help customers track various online transac...

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Google & Fitbit collaborate to transform the future of digital health

Google Inc. and Fitbit Inc., a renowned U.S. firm across the wearables sector, have apparently declared to join hands for promoting robust innovations in the digital health & wearables sectors across the globe. As per reports, the goal of both th...

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EDF’s plan to build onshore wind farms in Scotland faces opposition

EDF Energy, an integrated power-generating firm, apparently plans to raise the heights of two major windfarms on the Isle of Lewis. However, EDF’s plans have been met with strong opposition from the residents of the western isles of Scotland. T...

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Soft Robotics receives USD 20mn funding for eCommerce expansion

Soft Robotics Inc., a UK-based firm developing robotic gripping systems as well as automated solutions, is likely to receive nearly USD 20 million funding for expanding across logistics & eCommerce industry. The funding round, led by Hyperplane V...

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Esprit Holdings decides to shut down nearly 67 stores in ANZ region

Esprit Holdings Limited, a reputed brand name across the clothing, houseware, jewelry, and accessories sectors, has decided to shut down its business in Australia and New Zealand. In what may seem to be a highly significant move for the company, Espr...

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FDA disapproves Novartis’s Biosimilar drug, Roche’s fears alleviated

Roche AG, a Switzerland based healthcare organization, seems to have breathed a sigh of relief with the FDA refusing to grant immediate approval to Novartis’s biosimilar form of Rituxan. According to Novartis’s Sandoz Unit, its copy of Ri...

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Nestle & Starbucks sign $7.2bn pact to better coffee sales in U.S.

In what has been touted as Nestle’s third-biggest transaction since its inception, the food giant has declared to sign a deal worth USD 7.15 billion with Starbucks. Nestle aims to acquire the Seattle-headquartered coffeehouse chain’s righ...

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California’s latest norm now requires homes to include solar panels

The California Energy Commission has reportedly planned to implement the new building energy efficiency rules, in accordance with which it will be mandatory for all house construction projects to include solar panels. Apparently, the directive will i...

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Noni B acquires five brands of Specialty Fashion Group for $31 million

Noni B, an online retail store involved in the sales of female accessories & apparel in the country, has struck a deal with the Specialty Fashion Group for USD 31 million. Through this deal, Noni B will purchase five brands from the latter, namel...

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Medigene extends cancer immunotherapy alliance with bluebird bio

Medigene AG, a Germany-based biotech firm, and bluebird bio Inc., have reportedly decided to extend their collaboration over cancer immunotherapy. The strategic move may plausibly be aimed at producing a revenue of over USD 509 million for Medigene. ...

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Borr to purchase five current rigs of Keppel for USD 745 million

Borr Drilling, a Norway-based drilling contractor for the oil & gas sector, has entered into a purchase deal with Keppel O&M to acquire five jackup rigs of the latter for nearly USD 745 million. Reportedly, the deal is expected to be carried ...

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WHO publishes a catalogue of tests to prioritize disease diagnosis

In what may seem to be quite a strategic move toward the improvisation of healthcare services across the globe, the World Health Organization has published its first ‘essential diagnostics list’. Fundamentally, this list is a catalogue of...

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FDA’s approval of Aimovig offers a ray of hope for migraine patients

In what may seem to be breakthrough in the healthcare space, the U.S. FDA has scarcely approved Aimovig, a drug developed by Novartis & Amgen to prevent migraine. Medical experts believe that the strategic move will open up a new horizon in migra...

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EDF sounds out bidders for a 49% stake in its wind farm business

EDF Energy, an integrated French energy firm headquartered in the UK, is apparently trying to raise funds through the sale of nearly 49% of its stake in its wind farm business. For the record, the firm is one of the country’s largest power prov...

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German court bans old diesel cars on roads with immediate effect

Germany’s top administrative court, in a surprise move, has apparently directed city authorities to prohibit the older diesel-driven cars from running on the streets right away. Sources cite that the decision had been taken with an aim to reduc...

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AstraZeneca & Emulate to bring advanced organ-on-chip tech in labs

AstraZeneca Plc, a biopharma firm headquartered in the UK, has entered into a collaboration with Emulate Inc. to include organ-on-a-chip technology into its R&D program. As per authentic sources, the strategic move is aimed toward marking an upsu...

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Santos Limited rebuffs Harbour Energy’s USD 14.4 bn acquisition offer

Santos Limited, an Australia-based oil, gas, & energy producer, has officially rejected the USD 14.4 billion acquisition bid of Harbour Energy, a U.S. based firm pursuing investments in upstream & midstream energy assets. If sources are to be...

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Marks & Spencer decides to shut down over 100 retail shops by 2022

Marks & Spencer PLC, a UK-based retail firm, has unleashed its plan to shut down nearly a hundred shops by 2022 under its store closure venture. Reportedly, the firm is shutting down one among its three main clothing & home branches across th...

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Sanofi chooses Swansea as UKs pioneer Diabetes Centre of Excellence

Sanofi S.A., a French pharma company, has joined hands with the UK-based Swansea University Medical School, opting for the organization to be the country’s first Diabetes Centre of Excellence. Sanofi has chosen the JCRF (Joint Clinical Research...

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Amazon to set up a huge distribution unit in Canada’s capital city

The globally renowned retail giant Amazon is reportedly planning to build a new distribution unit in the capital city of Canada. As per an official company statement, the new establishment in Ottawa is likely to span 1 million square feet and will be...

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Uber Eats acquires SA-based firm orderTalk from Knife Capital

Uber Eats, an online food ordering & delivery tool introduced by Uber Technologies Inc., has reportedly purchased orderTalk, a South African food restaurant tech company. With this acquisition, Uber has marked the exit of investor Knife Capital, ...

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Foxconn to raise $4.3bn in China’s biggest IPO since three years

The USD 4.3 billion fund-raising round of Foxconn Industrial Internet (FII), a division of Foxconn Technology Group in China has attracted investments from three reputed internet giants including Baidu Inc., Alibaba Group, and Tencent Holdings from t...

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Qualcomm to meet China’s regulators in final push for NXP clearance

Qualcomm, a U.S based semiconductor & telecom equipment firm, is likely to meet Chinese antitrust authorities to seek the approval for its NXP acquisition deal estimated at USD 44 billion. For the record, the deal has already secured the green si...

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Alibaba leads consortium of investors to buy ZTO Express worth $1.4bn

Alibaba Group Holding Limited reportedly has led the funding round for ZTO Express, a courier company based in China. The e-commerce firm has put in a capital of almost USD 1.38 billion. Analysts predict that the move is aimed at expanding its logist...

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WellCare strikes 2.5-bn-dollar deal to buy MeridianHealth & MeridianRx

With an aim to augment its Medicaid as well as Medicare services, WellCare Health Plans Inc. has decided to acquire the Meridian Health plans of Michigan & Illinois along with Meridian Rx for USD 2.5 billion. Sources cite that the deal is likely ...

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Minnesota sues Insys Therapeutics for illegally marketing opioid drug

Minnesota has filed a litigation against Insys Therapeutics Inc., a U.S. based specialty pharma firm, for having illegally advertised a strong fentanyl-based pain killing drug. The legal suit filed by the Attorney General of Minnesota includes accusa...

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Hella becomes latest member of eSync to expand automobile business

Hella KGaA Hueck & Co., a key German manufacturer of automotive parts, has become a member of the eSync Alliance and will help the current members of the alliance in developing a bi-directional pipeline to electronics equipment across the automot...

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Merck & Premier Inc. join hands to reduce C. diff recurrence

Merck & Co., a U.S. based pharmaceutical giant, and Premier Inc., have reportedly extended their partnership on preventative & chronic ailment care for minimizing the recurrence of the Clostridium difficile infection. Sources cite that both t...

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O&G representatives to join Petroleum Commission at Africa Assembly

Mr. Egbert Faibille, the CEO of Petroleum Commission, in addition to over 800 representatives, will be a part of the reputed Africa Assembly in Westin, Paris. Apparently, Mr. Faibille has joined the gathering to place forward a matter for Ghana&rsquo...

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Toyota Motor & Denso to consolidate electronic component operations

Toyota Motor Corporation & Denso Corporation have reportedly agreed over the considerations to merge their core electronic component operations within Denso Corp.    Toyota has announced that it will discuss the transferring of auto el...

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Mylan’s stocks surge post FDA’s approval of its biosimilar Fulphila

The U.S. FDA has reportedly approved Neulasta’s biosimilar manufactured by Mylan N.V., a U.S. based generic & specialty pharmaceuticals firm. Incidentally, the biosimilar, called Fulphila, is the first knockoff of Amgen's bone marrow st...

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Royal Philips & SAM set up Advanced Medicine Imaging unit in Biopolis

Royal Philips & Singapore Institute of Advanced Medicine Holdings (SAM) have inaugurated the USD 100 million Advanced Medicine Imaging (AMI) unit at Biopolis, Singapore. Reportedly, the international biomedical research center is likely to offer ...

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KKR nears deal to buy Envision Healthcare for USD 5.5 billion

KKR & Co. L.P., a global investment firm, is reportedly on the verge of signing a purchase deal with Envision Healthcare Corp., one of the largest physician staffing organizations in the U.S. The deal is estimated at USD 5.5 billion, claim source...

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Tokyo to develop eco-friendly solar roads before 2020 Olympics

In a move that may increase the expanse of the Japan renewable energy industry, the Tokyo administration is planning to construct solar roads with the ability to store the sun’s energy via solar panels deployed within the road surface. Reporte...

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Amazon rolls out Prime discounts at Whole Foods to 10 more states

As a part of its trade & sales promotion activities, eCommerce giant Amazon Inc. has announced that it is rolling out discounts on Prime memberships at Whole Foods stores across ten more states in the U.S. Authentic sources cite that Prime member...

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Stryker proposes a takeover bid for Boston Scientific Corporation

Stryker Corporation, a Fortune 500 medical tech firm, has reportedly announced that it plans to acquire Boston Scientific Corporation, a U.S. based medical device manufacturer. Incidentally, both the firms boast of a considerable number of operations...

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Jaguar to shift Land Rover Discovery SUV production to Slovakia

Jaguar Land Rover Limited is reportedly shifting the manufacturing of the Land Rover Discovery SUV from its UK plant to Slovakia. The Tata Motors’s subsidiary is likely to build a new factory near Solihull unit in UK for manufacturing electric ...

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Carrefour to sell its food products online through Google’s platform

Google and Carrefour S.A., a French retail giant, have reportedly signed a deal for selling food online in France. The latter has claimed that this is a first for the company where fresh food will be promoted via Google’s tools. Reportedly, nex...

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Mercy to invest USD 74 million at St. Anthony’s Medical Center

Mercy, one of the largest Catholic health systems in the United States, will be constructing a 70,000-sq. foot standalone cancer institute at its new campus, St. Anthony’s Medical center. The project is forecast to be completed next year and wi...

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St. Louis based CQS signs LOI to purchase Remote Dosimetry Services

Crux Quality Solutions LLC, renowned for the development of radiation oncology software products and services, has reportedly planned to acquire Remote Dosimetry Services LLC (RDS). A Letter of Intent (LOI) has been signed by CruxQS to acquire the Lu...

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Sea plans to raise $500 million to play up its digital business

Sea, an internet platform firm based in Southeast Asia, is reported to have planned a fund-raising program to raise a capital of USD 400 million. For the record, it is the first time that the Singapore-headquartered company has undertaken a fundraisi...

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Google to invest USD 550 million in the Chinese retailer JD.com

Reputed tech behemoth Google has announced that it is likely to make an investment of USD 550 million in JD.com, China’s second largest eCommerce player. As a part of the terms & conditions stated in the deal, Google is expected to acquire ...

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XPO Logistics & Nestle construct food distribution center in UK

Nestle S.A. and XPO Logistics Inc., one of the ten biggest transport & logistics service providers based in the U.S., have jointly set up a venture for constructing a 6,38,000-sq. foot distribution center in Leicestershire, England. Reportedly, t...

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KFC bans plastic caps & straws, first restaurant in Singapore to do so

KFC Singapore has declared that it will ban the use of plastic caps and straws in its 84 stores across the country from tomorrow. However, the fast food restaurant will continue to provide plastic caps for takeaway drinks. The firm has claimed that ...

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Babylon teams with Bupa for offering AI tech to corporate customers

Digital healthcare service provider Babylon Health has decided to join hands with Bupa, an international healthcare group based in the UK, for offering AI technology to Bupa’s corporate clients. As per the deal, Bupa customers can access Babylo...

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FDA grants supplemental ANDA approval for Glenmark’s Monroe unit

Glenmark Pharmaceuticals, a pharma firm based in Mumbai, has received a green signal from U.S. FDA for its drug manufactured at Monroe at North Carolina facility. Incidentally, the approval has been granted for the production of atovaquone and progua...

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Novo Nordisk inks pact with Kallyope to tackle obesity & diabetes

Kallyope Inc., a platform biotech company, and Novo Nordisk A/S, a Denmark based healthcare firm, have declared that they have both signed an option agreement for jointly carrying out research programs to discover new peptide treatments for diabetes ...

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Sarepta obtains positive results on DMD therapy, shares skyrocket 50%

The shares of Sarepta Therapeutics Inc., a medical research & drug development firm, climbed up by 50% after the firm released initial results derived from clinical treatment on patients suffering from Duchenne muscular dystrophy (DMD), a rare de...

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BP exits deal with Woolworths, retail firm looks out for alternatives

BP Plc, a UK based oil & gas firm, has decided to terminate its USD 1.8 billion acquisition deal with Australian retail giant Woolworths. For the record, the British oil & gas company had signed a pact to purchase Woolworths’ 543 fuel &...

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AstraZeneca gets import & marketing approval for Durvalumab in India

AstraZeneca Pharma India, a division of pharma & biopharma giant AstraZeneca plc, has received a green signal from the Indian drug regulating agency DCGI (Drug Controller General of India) for its drug Durvalumab cite reports. Authentic sources c...

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