Industry News

IBM Becomes World’s no. 1 Hybrid Cloud Provider with Acquisition of Red Hat

IBM closes acquisition of Red Hat for $34 Billion to boost innovation by offering a next generation hybrid multi-cloud platform

Scomi Oiltools and Petronas Chemicals Enter into Collaboration

Petronas Chemicals Marketing (Labuan) and Scomi Oiltools are collaborating for research and development and marketing of chemical solutions

Waymo Goes Global by Signing Mobility Partnership with Renault and Nissan

Waymo announces partnership with Renault and Nissan to explore all aspects of driverless mobility services for transportation and deliveries in France and Japan

Salesforce to Acquire Big Data Firm Tableau for $ 15.7 Billion

Salesforce announces acquisition of Tableau, a leading global analytics company, to diversify beyond CRM software and dive deep into the layers of analytics.

Shell Begins Shipping LNG from $15B Prelude FLNG project in Australia

Shell announced on Tuesday that it has finally sent the first shipment of LNG from its Prelude floating production facility off the coast of Australia

Toys R Us Set to Reopen in Australia

Less than a year after going into liquidation, Toys R Us is set to reopen in Australia. Babies R Us and Toys R Us, both are owned by Tru Kids Inc, a US based company. Tru Kids Inc announced that it was entering into a licensing agreement with Hobby Warehouse, an Australian company. However, the bra

SSE Australia and XCharge to Set up Over 1000 EV Fast Chargers in Australia

China based electric vehicle (EV) charging solution provider, XCharge plans to set up over 1000 DC fast chargers in partnership with Southern Sustainable Electric Australia (SSE Australia)

DowDuPont's Agriculture Division to Become Corteva Agriscience™

Board of Directors of DowDuPont has given its approval for the previously announced separation of the company’s Agriculture Division, which will become Corteva Agriscience™ on June 1 2019. The board, to effect the separation of the division, has declared a pro rata dividend of all of the outstanding shares of common stock of Corteva, Inc.

Linde Divests Select Korean Assets to IMM for $1.2 Billion

Linde AG completed the sale of select assets of Linde Korea for $1.2 billion to IMM Private Equity

Mastercard to Invest $ 1 Billion In India in Next Five Years

Mastercard is planning to invest $ 1 billion in the coming five years focused at converting India into a vital node in the company’s infrastructure

BASF’s Light Stabilizer to Increase Crop Yield and Reduce Waste

BASF Announces Light Stabilizer for Greenhouse Films to Increase Crop Yields

Ferrero to Acquire Keebler and Famous Amos for $ 1.3 Billion

Kellogg’s, the American multinational food-manufacturing company, announced plans to divest its Keebler cookie brand as well as other brands, to Ferrero Group for $ 1.3 billion. Products included in the deal include Keebler, Mother’s, Famous Amos, Murray, fruit and fruit-flavored snacks, pie crusts

BASF to Expand Production Capacity for Biodiesel Production in Brazil

BASF announces the expansion of Biodiesel production capacity in Brazil

Uber Technologies Acquires Careem Networks for $ 3.1 Billion

Uber announces acquisition of middle eastern competitor, Careem, for $ 3.1 Billion, which will be completed in coming seven to eight months.

Shell New Energies Acquires Greenlots

Shell announces acquisition of electric vehicle solutions company, Greenlots

Waves Audio to Collaborate with Qualcomm Technologies

Waves Audio announces collaboration with US semiconductor and telecommunication equipment company, Qualcomm Technologies, for the expansion of former company solutions in Qualcomm Snapdragon 855 mobile platform.

Toyota to Provide Total-care Service for Grab Cars in Singapore

Japanese automotive manufacturer, Toyota Motor Corporation, announced to provide Total-care Service to Southeast Asia’s ride hailing major, Grab in Singapore

Audi AID and Luminar Enter into Collaboration

Luminar announced its partnership with Autonomous Intelligent Driving (AID), a subsidiary of Audi to launch self-driving cars by 2021

Mahindra Electric Inks Strategic Collaboration with SmartE for Last-mile Connectivity

Mahindra Electric signed MoU with India’s first and largest electric mobility service, SmartE to introduce three-wheelers in the country

SAP SE to Collaborate with Contextor SAS

German Based multinational software corporation has acquired Contextor SAS to expand its machine learning portfolio for an undisclosed amount.