Wednesday, March, 20, 2019 07:28:48

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 …

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 …