Tuesday, October, 15, 2019 05:39:41

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 …

Huawei breaks its own sales record with 200M smartphone shipments

Huawei attributes the milestone to the sales of products like Honor 10 and P20. Leading global provider of information and communication technology, Huawei reportedly beat its own record by shipping over 200 million smartphones in the year 2018. The Chinese mobile manufacturer stated that the …

BHEL mulls JV with U.S. firm to develop Li-ion batteries in India

The Indian government is aiming to begin the manufacture of lithium-ion batteries in the country over the next one year. As of now, India imports 100 percent lithium-ion batteries. India’s Union Cabinet Minister for Heavy Industries and Public Sector Enterprises, Anant Geete, recently informed that …

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 …