Sunday, August, 25, 2019 02:48:29

Contribution By Saif Bepari


Fiat Chrysler calls off its proposed merger with Renault S.A.

Apparently, France owns 15% of Renault and is the largest stakeholder of the company. Fiat Chrysler Automobiles N.V. has reportedly withdrawn its proposal to merge with French automobile company Renault S.A. The deal could have reshaped the global auto industry and helped the automakers compete …

Canadian Utilities sells fossil fuel-based power assets for $835M

Canadian Utilities Limited, a member of ATCO Group of companies recently announced having signed a deal to sell its fossil fuel-based electricity generation portfolio for approximately $835 million. The sale is subject to customary closing adjustments. The deal concludes a strategic process for assets evaluation …

Amazon working on an Alexa-powered emotion tracking wearable

Amazon’s Lab126, an American research, development & computer hardware group and Alexa Voice Service (AVS), virtual assistant developed by Amazon, are working on a voice-activated wearable gadget capable of detecting emotional state. The device is expected to be paired with a smartphone and will use microphones …

Peraton bags $14.9 million contract for Ground-based Midcourse Defense

Peraton corporation, a national security service provider has made it to the headlines for bagging $14.9 million Ground-based Midcourse Defense (GMD) and SCOM (Secure Communications Operations and Maintenance) 5-year indefinite delivery/ indefinite quantity contract with the United States Army. As per credible source, under Ground-based …

GM Cruise raises another $1.15 billion from Honda and SoftBank

Among the companies eager to deploy a commercial self-driving vehicle service, Cruise has one of the most aggressive timelines. GM Cruise LLC has reportedly announced that it has raised $1.15 billion in new equity from investors including Honda, T. Rowe Price Associates and, SoftBank Vision Fund. …

Marvell reaches definitive agreement for acquisition of Aquantia

Marvell and Aquantia both believe in the concept that network can effortlessly power the data economy. Semiconductor manufacturing giant Marvell Technology and Aquantia, the ethernet connectivity company, recently announced that the companies have reached an agreement in which Marvell will acquire Aquantia for $452 million. …

Brickworks, FBR commence JV for automated brick-laying works

Brickworks Limited, the leading Australian building materials manufacturer, and Fastbrick Robotics (FBR), a robotic brick-laying company headquartered in Perth, Australia, have reportedly announced a joint venture. Apparently, the JV is aimed at delivering automated brick-laying construction to the building sector in Australia. Sources with the …