Wednesday, March, 20, 2019 07:30:15

Contribution By Saif Bepari


Hellobike raises an undisclosed amount in the latest round of funding

The funding comes after a year after Hellobike raised USD 350 million from investors including Ant Financial. China’s third-largest bike-sharing firm Hellobike has reportedly announced to have raised an undisclosed amount in a latest round of funding. As per trusted sources, Primavera Capital, a Chinese …

NEC Corporation acquires the largest Danish IT company KMD Holding

The takeover is expected to fast-track the NEC’s global safety business. The buyout may attain closure by February 2019. Japanese multinational giant NEC Corporation has reportedly acquired the largest Danish IT firm, KMD Holding ApS, from one of the world’s most experienced private equity investors, …

Saudi Aramco launches domestic fuel retail subsidiary RetailCo

Saudi Aramco had inked a memorandum of understanding with Total to assess the feasibility of jointly acquiring a retail service station network in Saudi Arabia. Saudi Aramco has reportedly established a domestic fuel retail subsidiary as part of its strategy to grow beyond crude oil …

Japan’s GMO shuts down crypto-miner hardware manufacturing business

GMO would be abandoning its cryptocurrency-mining hardware manufacturing operations citing tremendous losses. However, the firm would be keeping the mining center open after it relocates the unit to an area with more affordable electricity plans. GMO Japan (GMO), a renowned Japanese internet company, has reportedly …

Mondelez & Kraft Heinz chip in at Campbell’s international auction

Campbell Soup may fetch close to US$ 3 billion for its overseas business.  Campbell Soup had earlier declared the plausible divesture of its international portfolio. The U.S.-based food companies Mondelez International Inc., and Kraft Heinz Co., have recently made it to the headlines for having …

Infibeam & IBM team up to build blockchain applications in India

The collaboration is first of its kind in the country on IBM’s LinuxONE platform. Infibeam plans to bring high-speed compute infrastructure and capabilities along with developer tools to help clients build blockchain applications. The India-based e-commerce and digital payments service provider Infibeam Avenues (Infibeam) has …

Autodesk buys construction tech startup BuildingConnected for $275M

The U.S.-based software corporation Autodesk has reportedly acquired the construction software platform BuildingConnected for USD 275 million. As per trusted sources, the latest takeover comes exactly one month after Autodesk announced that it plans to acquire another construction tech startup, PlanGrid. Reportedly, Autodesk would get …

GE Renewable Energy secures its largest EPC project in India

ReNew Power, India’s largest renewable energy Independent Power Producer (IPP), has reportedly selected GE Renewable Energy to provide 120 GE 2.5-132 turbines for its Gadhsisa Wind Farm located in the state of Gujarat. As per trusted sources, the wind facility would have an overall installed …