Sunday, August, 25, 2019 03:20:34

Contribution By Pankaj Singh


GNC plans to shut down up to 900 stores including mall locations

GNC has already closed approximately 192 franchise and company-owned locations in the first two quarters of 2019. The total number of mall locations is expected to reach between 400 and 500. GNC Holdings Inc., (GNC), a Pittsburgh-based health and wellness retail store chain, has reportedly …

Atos joins COSMIC EU project to create a CBRNE inspection system

The challenge of advancing vehicle and container border crossing and acute infrastructure entrance security checks is of great importance in fighting terrorist smuggling, threats, and theft. The IT service and consulting company, Atos, has reportedly announced that it will participate in the COSMIC European project which …

Amino Communications acquires online video solutions firm 24i Media

Amino’s strategic aim is to provide solutions to media businesses and operators at several points along the curve. Amino Communications, a media and entertainment tech solutions providing company, has reportedly announced that it has acquired online video expert 24i Media for approximately €24.1 million. Apparently, …

Energy Capital buys storage provider Convergent as part of its Fund IV

Convergent has earned a reputation for its customer relationships and operating projects in energy storage space Private equity firm Energy Capital Partners (ECP) has recently entered into the energy storage and development business following its announcement regarding the acquisition of Convergent Energy + Power. Apparently, …

SoftBank in talks to acquire stakes of OYO from minority investors

Greenoaks, Sequoia and Lightspeed will partially exit from hotel chain OYO OYO, the largest hospitality company in India, has been seeking new investors in a leading Series F round. The company has witnessed a steady global expansion and now requires fund-infusion periodically. Citing reliable sources, …

Samsung keen on working with Indian telcos for 5G rollout

Samsung’s Research and Development (R&D) center in India is working with its headquarters on 5G product development. South Korean telecom giant – Samsung Electronics has reportedly claimed that the company is interested in collaborating with telecom operators in India over 5G services. While the country …