Industry News

Cradlepoint, a subsidiary of Ericsson, anticipates its commercial debut in the Indian market in 2024

Ericsson, a Swedish vendor, foresees a surge in impactful 5G use cases within India over the next 12 to 24 months.

IREDA's GIFT City Office Pioneers Green Hydrogen and Renewable Energy Manufacturing Ventures

IREDA's recent inauguration of a specialized office in GIFT City, Gandhinagar, signals a pivotal advancement in India's pursuit of a sustainable and eco-friendly energy landscape.

STMicroelectronics Introduces Ultra-Efficient STM32 Microcontrollers for Versatile Applications

STMicroelectronics, a prominent semiconductor provider catering to a wide array of electronics applications, has unveiled a cutting-edge lineup of energy-efficient and cost-effective microcontrollers (MCUs), poised to slash energy consumption by up to 50% compared to previous iterations.

Enterprises Propel Forward with Pega Infinity '24 and GenAI Self-Optimization

Pegasystems, a prominent provider of enterprise AI decisioning and workflow automation solutions, has announced the general availability of Pega Infinity '24.1.

Johnson & Johnson's Acquisition of Shockwave Medical Announced

Johnson & Johnson acquires Shockwave Medical for $13.1 billion, expanding into cardiovascular intervention with IVL technology, aiming for improved patient outcomes and accelerated sales growth.

Bruker Set to Acquire NanoString for USD 392 Million, Resolving Bankruptcy Proceedings

Seattle's NanoString, amidst bankruptcy, is set to be acquired by Bruker for USD 392 Million. Legal battles with 10X Genomics led to restructuring and layoffs. Bruker aims to bolster spatial biology with the acquisition.

Avaada Group Completed USD 535 million Refinancing for Renewable Projects in Rajasthan, India

Implemented within a Restricted Group (RG) framework, this transaction received an 'AA (Stable)' rating from CareEdge Ratings.

KYOCERA AVX Launched Two New Snap-In Aluminum Electrolytic Capacitor Series

KYOCERA AVX, a prominent global manufacturer specializing in cutting-edge electronic components geared towards driving technological advancement and contributing to a more promising future, introduced two new lines of snap-in aluminum electrolytic capacitors: the SNA Series and SNL Series.

Thermax Unveils Cutting-Edge Water and Wastewater Solutions Manufacturing Facility in Pune

Thermax, a leading provider of energy and environmental solutions, has recently unveiled a cutting-edge manufacturing facility in Pune, dedicated to the production of water and wastewater treatment solutions.

Mahindra Susten Explores Hybrid Renewable Energy Ventures with Solar + Wind Project

Mahindra Group, renowned for its commitment to sustainable practices under the "Planet Positive" initiative, is advancing its renewable energy agenda by announcing the development of a 150 MW hybrid renewable energy project valued at approximately USD143.5 million.

Exyte Strengthens Global Position in High-Tech Facility Solutions with Acquisition of Kinetics Group

Exyte, a global leader in high-tech facility solutions, has announced its acquisition of Kinetics Group, a renowned provider of installation services, equipment, and technical facility management.

Revolutionizing Strategic Sourcing: Akirolabs Raises USD 5M in Seed Funding

Berlin-based ProcureTech startup, akirolabs, has successfully raised USD 5M in its recent seed funding round, attracting investments from notable venture capital firms including HTGF, OTB Ventures, and D11Z. Ventures.

EU Investment Initiative: USD 20 Million Allocated to Enhance Solar Infrastructure in Egypt

April 16, 2024: Egypt has announced plans to execute two solar energy projects with a combined investment value of USD 21.64 million, facilitated by a grant from the European Union's "Support for Energy Policy Reform" program.

Vertex Announces Acquisition Deal with Alpine Immune Sciences

Vertex acquires Alpine Immune Sciences for USD 4.9 billion in cash, advancing IgA nephropathy treatment with povetacicept, a dual BAFF/APRIL antagonist, entering Phase 3 development in 2024.

UCI Health Finalizes Acquisition of Four Tenet Hospitals

UCI Health acquires four Tenet hospitals in Orange and Los Angeles counties, expanding services. Tenet's recent USD 975 Million deal follows multiple hospital sell-offs, hinting at over USD 1 Billion in forthcoming funds.

USDA Unveils $1.5 Billion Funding for Conservation Initiatives

USDA announces USD 1.5 Billion for RCPP, boosting climate-focused conservation projects. Farmers, landowners invited to propose solutions till July 2, 2024.

FDA Gives Green Light to Janssen and Legend Biotech's Carvykti for Broader Use in Early-Stage Multiple Myeloma

UCI Health acquires four Tenet hospitals in Orange and Los Angeles counties, expanding services. Tenet's recent USD 975 Million deal follows multiple hospital sell-offs, hinting at over USD 1 Billion in forthcoming funds.

Accenture to acquire CLIMB to expand technology capabilities

Accenture, a global leader in consulting, technology, and outsourcing services, recently announced its agreement to acquire CLIMB, a distinguished technology services provider based in Gunma Prefecture, Japan.

Mitsui Chemicals Announces Closure of Phenol Plant at Ichihara Works

Mitsui Chemicals closes Ichihara phenol plant by 2026 due to challenging market conditions. The Basic & Green Materials sector aims for sustainability with alternative materials, ensuring supply stability for customers.

Partnership Between Manipal Hospitals and Pfizer Aims to Enhance Patient Care

Manipal Hospitals' collaboration with Pfizer for adult vaccination marks a proactive step towards preventive healthcare. With a Center of Excellence inaugurated, this initiative promises enhanced accessibility to vaccines and sets a precedent for targeted, effective healthcare strategies.