Industry News

Black & Veatch to Deliver Design and Engineering Services for Critical Upgrades at Miami-Dade Water and Sewer Department’s Wastewater Treatment Facilities

The Miami-Dade Water and Sewer Department (WASD) has appointed Black & Veatch, a global leader in critical infrastructure, to deliver design and engineering services for comprehensive renewal and replacement projects at its three wastewater treatment plants.

Assam Government and Tata Group Forge Path for USD 3,228.39 Million Semiconductor Venture

In a landmark development for India's burgeoning semiconductor sector, the Assam government has finalized a pivotal land deal with the Tata Group, paving the way for a state-of-the-art semiconductor manufacturing facility valued at USD 3,228.39 Million.

Ohmium Unveils Latest Gigafactory for PEM Electrolyzer Production

Ohmium International has launched a new gigafactory near Bengaluru, India, with a 2GW capacity, expandable to 4GW, to produce PEM electrolyzers and meet global green hydrogen demands.

Vertex Sues HHS Over Delayed Advisory Opinion on Fertility Support Program for Gene Therapy

Vertex Pharmaceuticals is suing the HHS for delaying an advisory opinion on its fertility support program, which it can only offer to patients with commercial insurance, not government program recipients.

Lilly Acquires Morphic to Enhance Inflammatory Bowel Disease Treatments

Eli Lilly will acquire Morphic Holding for USD 3.2 billion, enhancing its portfolio with Morphic's oral integrin therapies for chronic diseases, including advanced IBD treatments.

Myricx Bio Secures £90m (USD 114 million) Series A Funding to Propel NMTi-ADC Therapeutics into Clinical Trials

Myricx Bio secures £90m (USD 114 Million) Series A funding to advance its novel NMTi-ADC therapeutics, enhancing its proprietary platform and pipeline, with new board members from Novo Holdings and Abingworth.

Strathcona Resources, State Fund to Invest USD1.5B in Canada CCS Projects

The Canadian Growth Fund (CGF) has committed to funding 50% of the CAD 2 billion (USD1.5 billion) capital required for Strathcona Resources Ltd.'s proposed carbon capture and storage (CCS) projects.

Private Sector Gains Momentum with DRDO's Seven New Projects Under Technology Development Fund

In a strategic move towards enhancing self-reliance in defense technology, the Defence Research & Development Organisation (DRDO) has recently allocated seven new projects to industries through its Technology Development Fund scheme.

ETC Pursues US6 Million Investment for ICT Services in Sudan Amid Telecom Sector Challenges

Several major Japanese corporations, including Sony Group and Mitsubishi Electric, have announced ambitious plans to collectively invest approximately USD 53-52 billion in semiconductor production by the end of this decade.

Adani Green Energy Secures USD400 Million Funding for Solar Projects in Rajasthan and Gujarat In India

Adani Green Energy Ltd (AGEL), India's largest renewable energy company, announced that it has raised USD400 million in financing from a consortium of international lenders.

Visakhapatnam Steel Plant Unions Advocate Merger with SAIL in Meeting with Union Minister

Union Steel Minister H.D. Kumaraswamy is set to conduct a comprehensive review meeting at Rashtriya Ispat Nigam Limited (RINL), the corporate entity managing Visakhapatnam Steel Plant.

HCL Technologies Launches Global Delivery Center in Patna, Strengthening Global Operations

HCL Technologies, a leading global technology company, has expanded its operational footprint with the inauguration of a new Global Delivery Center in Patna.

Beo Čista Energija Launches Waste-to-Energy Production at Vinča Landfill in Belgrade

Beo Čista Energija commenced waste incineration in February 2023, marking a crucial milestone in the testing phase of its state-of-the-art waste-to-energy facility in Belgrade.

ACWA Power projects in Uzbekistan

ACWA Power has achieved financial closure for the USD533 million Tashkent Riverside project in Uzbekistan, which includes a 200MW solar plant and Central Asia’s largest battery energy storage system (BESS).

Six Flags Launches Virtual Theme Park Experience on Roblox, Integrating Digital and Physical Realms

Six Flags' launch of a new metaverse experience on Roblox represents a strategic move aimed at redefining entertainment paradigms and engaging a global audience.

EU Scrutinizes AI Deals Between Microsoft-OpenAI and Google-Samsung

The European Union is potentially poised to launch an antitrust investigation into Microsoft's partnership with OpenAI and Google's artificial intelligence (AI) deal with Samsung, driven by concerns surrounding exclusivity clauses in these agreements.

Siemens Gamesa Secures Major Offshore Wind Order in Germany

Siemens Gamesa Renewable Energy, a global leader in the wind power industry, has announced a significant offshore wind order in Germany.

AbbVie Completes Acquisition of Celsius Therapeutics

AbbVie acquires Celsius Therapeutics for $250 million, gaining CEL383, an anti-TREM1 antibody for inflammatory bowel disease. This move enhances AbbVie's biopharmaceutical portfolio and accelerates innovative therapies in chronic inflammation.

Topsoe, ABB, and Fluor Join Forces to Pioneering Standardized SOEC Electrolyzer Factory Concept

Topsoe, ABB, and Fluor are partnering to build a standardized Solid Oxide Electrolysis Cells (SOEC) factory in Virginia, USA, pending investment approval. This facility aims to produce green hydrogen efficiently, crucial for decarbonizing industries and transport by 2030.

Elutia Receives FDA Approval for EluPro: Groundbreaking Antibiotic-Eluting BioEnvelope Shields Patients with Implantable Cardiac Devices

Elutia Inc. received FDA clearance for EluPro, an Antibiotic-Eluting BioEnvelope for cardiac and neurostimulator devices, enhancing patient outcomes, reducing complications, and opening significant new markets, solidifying its leadership in implantable electronic device protection and healthcare innovation.