Industry News

RIL to Acquire Europes Largest Solar Panel Manufacturer for USD771 Million

The acquisition of REC Group will facilitate Reliance Industries’ new energy initiative of developing around 100 Gigawatts of clean energy from renewable sources by 2030.

MindMed to Collaborate with Sphere Health to Enhance Mental Health Treatment

As per the Centre for Disease Control and Prevention (CDC) report, people with depressive disorder increased from 36.4% to 41.5% from August 2020 to February 2021, and adults between the age group of 18-29 are the most affected. A leading biotech company, Mind Medicine, has planned to build a stra

PayPal to Buy Japanese Buy Now Pay Later Service Platform Paidy for USD2.7 billion

The BNPL industry is anticipated to rack up USD680 million in transaction volume by 2025

Renault to Debut its First Compact Full-Electric Vehicle

The new Megane E-Tech Electric based on Renault-Nissan Alliance’s CMF-EV platform features two power levels, two battery ranges, in-built Google functions, and an infotainment system.

Ola Marks Entry into Electric Two-Wheeler Segment Launching Ola S1 and S1 Pro

Ola S1 and S1 Pro come with a claimed range of 121km and 181 km respectively, and the scooters can be accessed with a ‘digital key’ through a smartphone.

Revel to Introduce Fleet of Tesla Taxis in NYC Streets

Revel plans to launch an app-based car service in New York, debuting a fleet of 50 baby blue Tesla Model Y SUVs

Kerry Group Acquires Preservatives Manufacturer Niacet for €853m

Kerry Group has entered into an agreement with Niacet to sharpen its focus on its core ingredient business and fulfill the rising demands for long shelf-life plant-based food items.

GeneOS Therapeutics secures financing of USD12 million to Enhance Personalized Immunotherapy Programs

The vaccine intends to stimulate a specific cellular immune response against tumours in HCC patients.

STC collaborates with Cubic Telecom to Introduce a Range of In-Car Services for Saudi Drivers

The delivery and management of advanced in-car features will help to meet evolving needs of the customers

FDA Rolls Out Campaign Highlighting Updated Nutrition Facts Label to Alert Customers

The new nutritional fact label will support consumers to make informed food and nutrition choices.

Centre for Process Innovation (CPI) Develops Cost-Effective Graphene-Oxide Based Water Purification System

The graphene-based coating technology in POU water purification system is an economical solution for increased accessibility to clean drinking water.

Simbe Tally Robot To be Deployed at Dozen Carrefour Stores in UAE For Improving Inventory Management

The robot traverses the store thrice a day and reports the inventory states to the store teams, significantly reducing out-of-stocks and leading to happy customers.

NXP Announces the Release of CC-Link IE TSN Support for Industrial Automation Real-Time Network Support

TSN supports determinism and improves industrial ethernet standards for highly competitive, connected industries of the future.

Avnet Partners with ON Semiconductor for Internet of Things Development Framework

The cloud-based ecosystem helps OEMs to develop end-to-end solutions eliminating obstacles that comes with IoT devices development through trusted partnerships

Spot Money Introduces New Tap to Pay Feature for Contactless Payments on POS Terminals

The feature allows faster and more convenient way to pay without the need to insert a PIN or card.

Altair Engineering Inc. Acquires Flow Simulators, Enters a Long-Term Strategic Partnership with General Electric Company

Flow Simulator enables mixed fidelity simulations to optimize machine and system design with an integrated flow, heat transfer, and combustion design software.

Ultra Low Freezer Manufacturers Sees Surge in Demand For COVID-19 Vaccine Storage

The ultra-low freezers will help in fulfilling cold temperature requirements during vaccine production, shipping, and distribution.

Autodesk Launches its new Digital Twin AEC Platform to Facilitate Infrastructure projects throughout its lifecycle

The Digital Twin AEC Platform transforms complex data into business intelligence to reduce inefficiencies, lack of coordination, and wasted time and money in infrastructure projects in AECO.

BRP Inc. Unveils Brand New Line-up of Can-Am Utility Off-Road Vehicles

The new 2021 Can-Am Commander features next-level design, industry leading capabilities with a long-list of integrated features and intuitive accessories.

Vivakor Enters into an Agreement with TBT Group to Facilitate Wireless Sensors for Roadways

Vivakor Enters into an Agreement with TBT Group to Facilitate Wireless Sensors for Roadways