Thursday, May, 23, 2019 01:21:48

Reliance Brands to acquire 100% stake in global toy retailer Hamleys

Reliance is operating Hamleys’ franchises from 88 stores across 29 cities in India currently Reliance Brands, a subsidiary of Reliance Industries, has recently announced the acquisition of Hamleys, an iconic British toymaker, and has signed a definitive agreement with C Banner International to obtain 100% …

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. …

Medlife acquires Myra Medicines for expansion of express delivery

The move will also accelerate Medlife’s path to profitability, cited reliable sources. India’s leading online pharmacy and healthcare platform Medlife has reportedly announced that it has acquired Bengaluru-based medicine delivery startup Myra Medicines to scale express delivery services of Myra across its network. Myra’s delivery …

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 …

BenevolentAI teams up with AstraZeneca to accelerate drug discovery

As per trusted sources, the global healthcare AI market is anticipated to exceed $10 billion by the year 2024. The United Kingdom-based artificial intelligence company BenevolentAI has reportedly signed a long-term collaboration agreement with pharmaceutical company AstraZeneca to implement AI and machine learning in discovery …