Industry News

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.

Alibaba Sales Surpassed USD 30 Billion on Singles Day

Chinese e-commerce giant, Alibaba reported record breaking sales of USD 30.8 Billion on singles day surpassing combined sales of Black Friday and Prime Day.

IBM Corp. to Acquire Software Company, Red Hat for $34 Billion

American multinational company, IBM Corp. is combining forces with Red Hat to catapult the company into the ranks of the top cloud competitors.

Richemont and Alibaba to Collaborate in Online Luxury Market

Chinese e-commerce giant, Alibaba has formed a joint venture with the Swiss luxury group, Richemont to penetrate luxury goods industry.

Limelight and Ericsson Partnership on Content Delivery & Edge Cloud Services

Ericsson is partnering with Limelight to add content delivery capabilities to its new Ericsson Unified Delivery Network (UDN) platform.

Baidu joins AI group led by U.S.

Search engine firm, Baidu has become the first Chinese company to join the artificial intelligence group, consisting of top U.S. firms. Search engine firm, Baidu has become the first Chinese company to join the artificial intelligence group, consisting of top U.S. firms. China: Baidu was named

Apple Launched iPhone XS, iPhone XS Max and less expensive iPhone XR

Apple introduced three new iPhone s the iPhone XS, iPhone XS Max and iPhone XR. The new s are successors to last year's iPhone X, iPhone 8 and iPhone 8 Plus.

Lactalis Buys Infant-Formula Unit from Aspen for USD 860 Million

Lactalis International agreed to buy an infant-formula business from Aspen Pharmacare Holdings Ltd. for 739.8 million euros ($860 million) to target the fast-growing Chinese market.