About Author : Akshay Kedari


Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web development, Akshay lends expertise procured from his core domain in the articles he pens down.



Contribution by: Akshay Kedari

Thermo Fisher claims its tests can detect Omicron variant accurately

The emergence of the Omicron variant of coronavirus, which has forced some countries to once again seal off their borders, is being seen as a catalyst to prolonging the pandemic. The accurate detection of the variant is a major concern, however, Ther...


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Motorway obtains unicorn status following a USD 190 Mn Series C funding

U.K-based secondhand car auction platform Motorway has reportedly secured USD 190 million in Series C funding round. This has allowed the startup to acquire a unicorn status, with a total valuation of more than USD 1 billion. The funding round was l...


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Spotify found testing TikTok-style short vertical video feed in its app

Spotify is reportedly testing a TikTok-style vertical video feature in its popular music streaming app.  The option will allow users to scroll through the vertical music videos as well as either like them or skip them. Sources claimed that this...


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General Motors to deliver Hummer electric pickups starting December

Edition 1 model of Hummer pickup accounted for 80% of the total reservation. The EV pickup truck boasts a driving range of 329 miles. Automotive giant General Motors Co will reportedly start the delivery of its GMC hummer EV from December onward...


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Pokémon GO creator Niantic raises USD 300 Mn to build its own metaverse

Niantic, the creator of the popular Pokémon GO, has reportedly raised USD 300 million from global investment manager Caotue at a valuation of USD 9 billion. The San Francisco-based AR game developer will use the fresh funds to develop a &ldquo...


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Lockheed Martin, STEM Punks partner for future space workforce growth

Lockheed Martin Australia (LMA) is reportedly partnering with the STEM education provider STEM Punks, to provide the Australian Defense Force with advanced military satellite communication (MILSATCOM) solutions. This collaboration is a part of STEM ...


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Uber relaunches its shared rides offering as ‘UberX Share’ in the U.S.

The shared ride option will allow users traveling in the same direction to share the ride in the same direction. UberX Share will offer a 5% upfront discount, a modest price reduction compared with Uber Pool Rides. American mobility giant, Uber...


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Shell to make Britain its HQ amid tense relations with the Netherlands

Multinational oil & gas company Royal Dutch Shell has announced a major restructuring of its tax and legal framework, which will see it walking away from the Netherlands amidst strained relations with the country that has been its home for over a...


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Qualcomm introduces Snapdragon Spaces XR for head-worn AR experiences

Qualcomm recently introduced the Snapdragon Spaces XR Developer Platform, a head-worn augmented reality developer toolkit, that will aid in expanding the scope of existing apps as well as the development of new ones that will make the most of AR devi...


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Netflix starts testing Tik-Tok style short video feature for kids

Netflix is reportedly testing its new feature called ‘Kids Clips’ which will play short video clips from existing movies and shows in the kids content library. These videos will be updated automatically as new shows and movies are ad...


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World Bank's IFC, South African firm partner for digital expansion

The World Bank’s International Finance Corporation (IFC) has reportedly teamed with South Africa tech company Liquid Intelligent Technologies to enhance data center capacity and lay fiber-optic cable across Africa. The move is part of a larger ...


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Chinese HR tech startup Moka raises USD 100 million in Series C funding

Chinese Human Resources technology startup Moka has reportedly secured USD 100 million in Series C funding round. The recent fundraising was led by Tiger Global and also saw participation from Blue Lake Capital, GL Ventures, GSR Ventures, GGV Capital...


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Apple’s privacy policy cost social media platforms USD 10 Bn: Report

Apple’s changes to its privacy policy has cost social media platforms like Snapchat, Twitter, Facebook, and YouTube nearly USD 9.85 billion in revenue, according to a report published by the Financial Times. For those unaware, Apple had announ...


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Uber to obtain 50,000 Tesla electric vehicles through a deal with Hertz

Ride-hailing giant Uber is set to obtain at least 50,000 Tesla electric vehicles as a part of its plan to expand its EV fleet. The announcement comes after Hertz recently ordered 100,000 EVs from Tesla by next year. Through a partnership with Hertz,...


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McDonald’s beats Q3 expectations as higher U.S. prices drove sales

McDonald's Corporation reported increased quarterly comparable sales owing to higher U.S. prices and celebrity-themed meals, however, the business struggled to maintain restaurants running at full capacity due to staffing shortages and the COVID-...


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Facebook to invest heavily in metaverse after its ad business slumped

Facebook recently announced that it is planning to separate its division that is focused on VR/AR hardware into a new segment, coined as the “metaverse”. The recent development comes after concerns over social media giant’s ad busin...


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Facebook ad revenue could face more brunt over Apple’s privacy changes

After Snap Inc. failed to reach its revenue targets last week, investors are now fearing that Facebook’s ad revenue could also be severely impacted due to Apple’s privacy changes. For those unaware, Apple’s privacy updates, which w...


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Renault production may decline further over global chip shortage crisis

For a while now, automobile manufacturers have started cutting production owing to the global chip shortage crisis. One such automaker, Renault, which expects to publish its Q3 sales soon, also announced of producing a minimum of 300,000 fewer vehicl...


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Mark Zuckerberg planning to rebrand Facebook to reflect metaverse focus

There have been many businesses that have rebranded themselves to alter their identity with time. Following the league, social networking giant Facebook is also reportedly planning to rebrand the firm with a new name. On October 28, Chief Executive ...


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Formula One teams to test second-generation biofuel during 2022 season

The leading motorsport intends to achieve net-zero carbon status by the end of this decade. F1 has ruled out switching to an all-electric powertrain such as in Formula E. With increasing significance towards green mobility, Formula One teams are...


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Apple’s iPhone 13 production may take a hit due to global chip shortage

Apple Inc. is likely to cut down production of its iPhone 13 model by approximately 10 million units on account of the global chip shortage. The American multinational technology company was previously expected to manufacture 90 million units of the ...


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Israel's GoTo Global acquires German e-moped sharing platform emmy

Israel-based multimodal vehicle sharing services provider GoTo Global Mobility Ltd. has reportedly acquired Germany’s shared e-scooter company emmy. The acquisition will allow GoTo Global to enter the German market as well as accelerate its Eur...


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German airline Lufthansa adds four new planes to its A350 fleet

Deutsche Lufthansa AG recently revealed that it has agreed to take four new Airbus A350-900 long-haul passenger aircraft on lease, utilizing newer planes that are left grounded as airlines reorganize their balance sheets in the wake of the ...


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Samsung fined USD 47 million by Dutch watchdog for price-fixing TVs

South Korean electronics manufacturing giant Samsung Electronics Co. Ltd. has been charged a penalty of USD 46.9 million by the Dutch competition watchdog Authority for Consumers and Markets (ACM) for price-fixing practices in the Netherlands. The m...


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TEA-Lab, MED-EL unveil the world's first multifunction hearing aid app

Communication solution provider for cloud meetings Tencent Ethereal Audio Lab (TEA-Lab) together with Austria-quartered implantable hearing solutions leader MED-EL recently announced the launched a first-of-its-kind hearing aid app that incorporates ...


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Boeing expects European carriers to have 8,705 new airplanes by 2040

Aerospace major Boeing is anticipating the European commercial aviation industry to need nearly 8,705 new airplanes by 2040. The requirement will be driven by the growing leisure travel market and focus towards replacing the current fleet with more f...


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Facebook to drop staunch defensive stance to revamp its public image

Facebook CEO Mark Zuckerberg has reportedly approved a new initiative named Project Amplify, which will consist of implementing various strategies to shed a positive light on the social media giant’s public image. The idea, which was conceived...


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Shell intends to scale its Sustainable Aviation Fuel production by 2025

Multinational oil and gas company Royal Dutch Shell plc is reportedly planning to begin scaling the production of low carbon jet fuel by 2025, to promote the practice of greenhouse gas emission reduction among the world’s airlines. The oil gia...


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Fintech firm Xendit becomes a unicorn following USD 150 million funding

Indonesian financial technology company Xendit has reportedly secured USD 150 million during a Series C funding round which was led by Tiger Global. Other investors that participated in the latest fundraising included Justin Kan’s Goat Capital,...


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Samsung Biologics to participate in 2050 carbon-neutral initiative

South Korean biotechnology firm Samsung Biologics recently revealed the signing of a Memorandum of Understanding (MoU) to join the ‘Frontier 1.5D initiative’ to devise a climate risk management model. The company is set to join the 2050 C...


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Ola’s highly anticipated e-scooter sale postponed over website glitch

The sale date for the Ola S1 and S1 Pro e-scooters was previously scheduled for 8th September. Test rides for the Ola S1 and S1 Pro scooters will begin from October 2021. Ola Electric Mobility has postponed the sales of its first e-scooter from ...


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SoftBank, Deutsche Telekom partner to expand portfolio, scale business

Japan-based SoftBank Group Corp. recently announced a strategic alliance and an equity share swap deal with Deutsche Telekom AG (DT). As part of the partnership, SoftBank's more than 300 portfolio firms receive access to about 240 million DT con...


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Google signs agreement with Engie for 140MW renewable energy supply

Google has recently signed a 140MW renewable energy supply agreement with Engie Deutschland. The utility company will build and manage an energy portfolio to deliver renewable electricity from solar and wind sources in Germany to Google. The solar p...


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Apple Watch Series 7 might come with bigger case sizes and flat edges

Apple’s next-gen smartwatch is likely to be unveiled this September. The Apple Watch Series 7 is expected to come in 41mm and 45 mm sizes. According to reliable sources, Apple’s upcoming Series 7 smartwatch is likely to have a refres...


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Astroscale demos capture-and-release system for sweeping space debris

Astroscale achieved a milestone when its currently orbiting space junk removal demonstration satellite successfully captured and released a client spacecraft utilizing a magnetic system. End-of-Life Services by Astroscale-demonstration (ELSA-d) miss...


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White House to work with tech & finance leaders to tackle cyber threats

The White House will reportedly conduct an event that will call together some of the largest U.S. tech firms for a discussion about cybersecurity issues after a slew of high-profile hacking incidents disrupted the smooth working of businesses earlier...


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Marriott to expand its Turkey portfolio with 10 additional properties

World’s largest hotel chain Marriott International Inc. is reportedly planning to proliferate its portfolio in Turkey by opening additional 10 properties by 2022-end, encompassing 43 properties with over 7,000 keys. To strengthen its presence ...


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PepsiCo announces its goal to become 'Net Water Positive' by 2030

PepsiCo recently announced that it aspires to become ''Net Water Positive'' by 2030, endeavoring to replenish more water than that used in its company-owned and third-party manufacturing facilities in high water-risk areas. PepsiCo al...


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Tata Motors to launch a mini electric SUV before India’s festive season

Tata Motors Limited is reportedly all set to launch the Hornbill SUV in India by 2021. The mini SUV will be a size lower than the already popular compact SUV, the Tata Nexon. With the new launch, Tata intends to expand its sales network while mainta...


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Poly Network attackers return nearly half of the $600 Mn stolen funds

Hackers who had stolen over USD 600 million in one of the biggest ever cryptocurrency heists have returned nearly half of the funds. The cybercriminals found and exploited a vulnerability in Poly Network, which is decentralized finance (DeFi) platfor...


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Renault, Geely team up to develop hybrid vehicles for Asian markets

To accelerate its electrification push, France-based automotive giant Groupe Renault has reportedly signed a "framework agreement" with China’s Zhejiang Geely Holding Group Co. Ltd. The duo will work on developing a hybrid vehicle for...


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Nissan, Envision partner to build USD 460 Mn car-battery plant in Japan

Nissan Motor Co. is introducing plans for one more car battery factory stating that the increasing demand for electric vehicles will justify the additional investment. Envision AESC and Nissan will together operate the plant, which is to be built in...


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Square to acquire installment payment firm Afterpay for USD 29 Bn

With the increasing competition in the buy now pay later (BNPL) arena for U.S. consumers, digital payments firm Square Inc. recently announced its plans of acquiring BNPL company Afterpay Ltd. in an all-stock deal valued at USD 29 billion. The San F...


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Hyundai Motor, LG Energy Solution to launch battery plant in Indonesia

This new battery production plant will be built in the Karwang Regency. It will reportedly have a yearly output of around 10 gigawatt-hours of batteries. South Korean multinational conglomerates Hyundai Motor Company and LG Energy Solution Ltd. ...


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Amazon’s ‘Key for Business’ raises security concerns for U.S apartments

American technology and e-commerce giant, Amazon.com Inc. has reportedly been using ‘Key for Business’- a system that enables the company’s delivery agents to gain access to apartment complexes without requiring to be buzzed in by r...


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Volvo Cars might take full control of its Chinese stake ahead of IPO

Swedish luxury automobile manufacturer Volvo Cars Corporation reportedly signed an agreement with Zhejiang Geely Holding Group to buy out from their decade-long joint ventures to gain complete ownership of its facilities in China. According to relia...


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Lamborghini expects sale volumes to hit record highs in India this year

Italian luxury sports car manufacturer, Automobili Lamborghini S.p.A. is reportedly expecting substantial growth in sales volumes in India this year as the carmaker is experiencing a V-shaped upturn in demand after the easing out of COVID-19 pandemic...


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Netflix ventures into video games, hires former Oculus and EA developer

OTT streaming giant Netflix Inc. is reportedly planning to offer games on its platforms at no additional costs. The company has tapped Mike Verdu, a former Oculus and EA game development leader, to spearhead its games division. Verdu will join as th...


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Clubhouse partners with TED Talks, brings exclusive chats to platform

This deal will enable TED Conferences to sell ads or brand partnerships without being liable to pay a commission to Clubhouse. TED Conferences LLC reported 1.65 million daily episode downloads worldwide recently. Social media application Clubhou...


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Jaguar Land Rover foresees 36% loss in volumes due to chip shortage

Due to the ongoing semiconductor scarcity, Jaguar Land Rover expects to complete the first half of the year with a 36% drop in volumes, however, the second half is likely to see better chip supply and improved vehicle production. In the coming month...


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General Motors revamps China design studio for EV, smart cars push

General Motors recently announced the expansion of its design studio in China to focus mainly on developing electric and connected cars and will drop designing petrol vehicles further. The move is in line with the largest U.S. automaker's prepar...


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3 more Chinese tech firms under CAC investigation for data violations

After the latest crackdown on Didi, the Cyberspace Administration of China (CAC) has reportedly opened cybersecurity probes into three additional Chinese technology companies. These include the online recruitment app Boss Zhipin backed by tech giant...


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Facebook is experimenting with Instagram to take TikTok head-on

Instagram might go beyond being a photo-sharing app as it explores more entertainment options. Full-screen videos might be seen in Instagram feeds soon. Facebook’s Instagram director recently announced that social networks are preparing to...


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Zoom to add multi-language translation feature with Kites acquisition

Zoom recently announced that it intends to acquire a German startup Kites, that has created a real-time machine translation (MT) platform. Zoom's technical team will be joined by the startup’s team of 12 research scientists as the business ...


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Microsoft xCloud gaming service now available on PC and iOS devices

Tech giant, Microsoft Corp. has finally made its xCloud service available on PCs as well as on iOS devices such as iPhones, Macs, iPads, and macOS computers. For those unaware, Microsoft’s xCloud gaming service had started rolling out to the s...


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Axiata, Parallel Wireless partner to empower digital telcos across Asia

Parallel Wireless Inc., the U.S. headquartered Open RAN company, which delivers the world’s only All G, cloud-native Open RAN solutions, has been reportedly chosen by Axiata Group Berhad as a strategic partner for its telecommunication companie...


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Johnson & Johnson Vision launches advanced IOL range in North America

The global leader in eye health Johnson & Johnson Vision has announced the launch of TECNIS Synergy Toric II PC-IOL and TECNIS Synergy intraocular lenses (IOL) in Canada and the United States recently. This move will provide patients with the bes...


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Facebook to update its policies on how it handles satirical content

Facebook will clarify what qualifies as satire during its assessment. The development comes after the Oversight Board overruled Facebook’s decision to remove a post related to the Turkish government. American multinational technology gia...


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OnePlus deepens integration with OPPO to improve its product portfolio

Chinese consumer electronics giant OnePlus Technology Co. Ltd. has officially merged with its sister company OPPO in a bid to develop better products and improve its software suite. OnePlus will however continue to operate as an independent brand des...


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Uberall bags USD 115 million in funding; to acquire MomentFeed Inc.

Berlin-based startup Uberall has reportedly raised USD 115 million in a funding round led by Bregal Milestone, with participation from United Internet, Level Equity, and Uberall management. Simultaneously, the company is set to acquire MomentFeed Inc...


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Google Cloud Marketplace to host Unbxd product discovery solutions

Leading AI-powered e-commerce product discovery solution company Unbxd Inc. has announced its availability on Google Cloud Marketplace. Brands and retailers hosted on Google Cloud will now be able to leverage a unified billing approach, deeper produc...


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Apple’s upcoming iPad Pro might come with wireless charging and MagSafe

The new iPad Pro model will have a glass back to accommodate wireless charging. Rumors have it that Apple is also exploring reverse wireless charging for iPads. According to reliable sources, Apple Inc. might include a wireless charging feature...


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Top organizations unite for Covid-19 vaccination drive in rural America

Reportedly, several organizations are joining forces to increase the usage of Covid-19 vaccines among people residing in rural areas across America. The first of its kind and allegedly the largest public vaccine education initiative in rural America...


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Bee’ah, Chinook Sciences announce UAE’s first waste-to-hydrogen project

Bee'ah, a company that focuses on sustainability and clean energy solutions in the Middle East, is planning to launch the first waste-to-hydrogen project in UAE by collaborating with Chinook Sciences, the U.K.- waste-to-energy services provider.&...


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Samsung launches a 43-inch M7 smart monitor with a solar-powered remote

Samsung Electronics has reportedly launched a new 43-inch M7 smart monitor which is powered by the renowned Tizen operating system and can support ultra-high definition resolution. The recent development reflects on the South Korean tech giant's ...


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Kia’s all-electric crossover EV6 to hit the U.S. roads early next year

South Korean automobile manufacturer Kia is reportedly planning to launch an all-electric crossover, the EV6, in the U.S. market by early 2022. The launch will set the ball rolling for the company’s Plan S strategy, which entails veering off f...


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Google Phone to get Caller ID feature to screen spam & unwanted calls

Google is reportedly rolling out a new Caller ID feature update to its Phone app that will read out the caller’s number and name for all incoming calls. The feature is now available to all users on the stable version of the Google Phone app. U...


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Tiger Global looking to raise USD 10 billion to create new venture fund

American investment firm Tiger Global is reportedly looking to create a capital fund for startups by securing USD 10 billion from investors. So far, the company has participated in over 100 investment rounds since the past three months and has manage...


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Urban Company secures USD 190 million in funding round led by Prosus

Urban Company, an Indian gig marketplace that provides home maintenance services, has secured USD 190 million in a funding round which was led by Prosus N.V. Other participants in the fundraising included companies such as Steadview Capital, Tiger Gl...


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Samsung might launch a foldable Android tablet in first quarter of 2022

After introducing three foldable smartphones in the past couple of years, South Korean multinational conglomerate Samsung Electronics is reportedly working on its first tri-folding Android tablet. According to reliable sources, the new product is lik...


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Remote hiring startup Deel secures USD 156 million in Series C funding

Deel, a company that specializes in offering recruitment, payroll, and compliance tools, has reportedly secured USD 156 million during a Series C funding round which was led by YC Continuity Fund. The California-based startup has now reached a valuat...


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Audi unveils the A6 e-Tron concept with 700 km range and 800 Nm torque

Audi AG, a German multinational auto manufacturer of luxury vehicles has unveiled the A6 e-Tron concept which is soon likely to be made available globally. The production version which is expected to have a range of 700 km (more than 400 miles) is to...


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Nissan plots revival plans in China with new hybrid and electric models

Nissan Motor Co., a Japanese multinational automaker, is reportedly planning to launch its ‘must-succeed’ car model while revealing its green-car strategy at the Shanghai auto show in China. The new car model is a redesigned version of N...


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Televisa and Univision announce merger; launch a Spanish media company

The collaboration is aimed at expanding the video streaming portfolio in Spanish-speaking markets. Television Univision has raised USD 1 billion in a Series C funding round led by SoftBank Group Corporation. In recent developments, Mexican broad...


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Klevu launches Discovery Suite to boost online retail conversion rates

Klevu Oy, a leading provider of AI-based search technologies for online retailers, has reportedly launched a comprehensive solution called Discovery Suite that can allow brands to capture shoppers’ intent in order to improve their conversion ra...


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SK Group acquires 16.3% stake in VinCommerce for USD 410 million

SK Group of South Korea has purchased 16.3% of Vincommerce, Vietnams leading retail business operator, for USD 410 million in a bid to broaden its presence in the Southeast Asian region’s customer retailer sector. Sources close to the matter s...


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Snapchat exploring options to bypass Apple’s upcoming privacy policies

Reportedly, American camera and social media company Snap Inc. is exploring different methods to circumvent Apple’s upcoming privacy regulations which will prohibit apps from collecting iPhone user information. Apple’s highly controversi...


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SK Innovation might pull its battery business from the United States

SK Innovation Co., a South Korea-based petrochemical, energy, and e-mobility battery manufacturer, has recently announced its plans of withdrawing its battery operations from America if U.S. President Joe Biden fails to overrule a trade panel decisio...


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Jeep planning to establish EV charging networks near off-road routes

Jeep, the American multinational automobile manufacturer, is reportedly planning to develop EV charging networks near or at off-road routes across several locations in the U.S, in a bid to look beyond conventional roads and to offer consistent chargi...


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Facebook’s WhatsApp faces CCI investigation for its new privacy policy

WhatsApp Messenger, the Facebook-owned messaging platform, is reportedly under investigation from CCI (Competition Commission of India) for its new service terms and privacy policy, which have allegedly resulted in anti-competitive practices. For th...


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Canadian Pacific Railway to acquire Kansas City Southern for USD 25 Bn

Canadian Pacific Railway Ltd. has reportedly agreed to buy Kansas City Southern for USD 25 billion, to establish a 20,000-mile rail network across the United States, Canada, Mexico, in hopes of benefitting from an uptrend in trade. It is worth menti...


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Fintech startup YAP secures USD 10 million in series B funding round

YAP, a fintech startup that provides an API platform for banking and payments in Asia, has reportedly secured USD 10 million during a Series B funding round co-led by Omidyar Network India as well as Flourish Ventures. Existing investors Better Capi...


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Beyond Meat’s product offerings now available at Walmart stores

Beyond Meat, Inc., a pioneer in plant-based meat, recently announced the expansion of its product offerings at Walmart. Sources close to the matter stated that this move is a part of a broader initiative to make plant-based meat options widely availa...


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Arizona bill adds new antitrust challenges for Google and Apple

Reportedly, a contentious Arizona bill addressing the fees that tech firms such as Google and Apple charge application developers is posing fresh antitrust issues for the beleaguered tech giants. The bill, passed by the Arizona statehouse last week ...


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Google to offer cyber insurance to cloud users with Munich Re, Allianz

Google, Allianz, and Munich Re have teamed up to launch a Risk Protection Program. This program intends to reduce cloud security risks and provide cyber insurance designed for Google Cloud users. Google Cloud, Munich Re, Allianz Global Corporat...


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Space startup GITAI secures USD 17.1 million in Series B funding round

Japanese space technology startup GITAI has reportedly secured UDS 17.1 million through a Series B funding round which was led by SPARX Innovation from Future Co. Ltd. The round also saw participation from DCL Venture Growth Fund, EP-GB (Epson’...


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Williams Racing and Acronis extend their cyber protection partnership

Williams Racing, a British Formula One motor racing team, has announced to have renewed its technology partnership with a Switzerland-based leading cyber protection and software company Acronis International GmbH. As a part of the Official Cyber Pro...


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Tesla planning to set up EV manufacturing facility in Karnataka, India

American electric car company Tesla Inc. has reportedly signed an agreement to manufacture its electric vehicles in Karnataka, India after announcing an entry into the South Asian country in 2021. The company had established its Indian subsidiary cal...


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Pandemic forces Heineken to recoup profits by cutting 8000 jobs

The Dutch brewing company, Heineken N.V., has recently revealed its plans to cut around 8000 jobs in an attempt to restore its operating margins after it witnessed a sharp decline in its profit trajectory amid the COVID-19 pandemic. Moreover, it will...


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Indian software vendors accelerate shift to Oracle’s Cloud platform

American multinational computer technology company Oracle Corp. reportedly stated that several independent software vendors (ISVs) from India including Medexpeert, GOFRUGAL, Information Dynamics, and Ameyo among others are shifting their business-cri...


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Datomize raises USD 6 million through TPY Capital-led funding round

Computer software startup Datomize, has reportedly raised USD 6 million in a seed funding round led by TPY Capital for expanding the capabilities of its synthetic data solution which shortens time to market for new products and machine learning/artif...


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Microsoft books profits as pandemic fuels cloud computing, Xbox sales

Reportedly, American multinational technology firm Microsoft Corporation stated that its Azure cloud computing services witnessed a 50% growth in the second quarter, with the business benefitting from investment in working and learning from home. So...


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Rivian secures USD 2.65 billion months before its first vehicle launch

Electric vehicle startup, Rivian, backed by Ford Motor Co. and Amazon.com Inc., has reportedly announced an investment round of USD 2.65 billion led by T. Rowe Price, months before its first vehicle launch. Sources with knowledge of the matter state...


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BMW drivers can now unlock and start cars without using their iPhone

German multinational automobile manufacturer, Bayerische Motoren Werke AG, commonly known as BMW, has reportedly unveiled an upgraded version of its mobile car key technology, called the Digital Key Plus. This product enables iPhone users to unlock t...


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FMCG firms resort to marginal hike to cope with raw material inflation

The recent inflation in raw materials has reportedly prompted players in the FMCG sector to take price hike measures for their products, in a bid to maintain the revenues. According to reliable sources, some FMCG companies, including Marico, have al...


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boAt raises USD 100 million in funding from Warburg Pincus

Indian consumer electronics brand, boAt, has reportedly secured funding of USD 100 million from Warburg Pincus, a New-York-based private equity firm, at a USD 300 million valuation. The company will utilize these funds to expand its product portfoli...


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Elevar Therapeutics and Inceptua partner to commercialize Apealea®

According to reliable sources, U.S.-based fully integrated biopharmaceutical company, Elevar Therapeutics Inc., has signed an exclusive agreement with Inceptua Group for the commercialization and distribution of its non-cremophor based paclitaxel tre...


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NASA completes construction of ‘LC-48’ at Kennedy Space Center

The National Aeronautics and Space Administration (NASA) has reportedly announced the completion of the construction of its new launchpad at the Kennedy Space Center based in Florida. Notably, the new Launch Complex 48 or LC-48 is a pad that will be ...


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Lionbridge sets up new labs to expand its gaming division capabilities

In recent developments, U.S.-based localization and AI training data service provider, Lionbridge Technologies Inc., has reportedly established new gaming labs in Beijing and Jinan in order to enhance the capabilities of its gaming division, Lionbrid...


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Toyota set to introduce next-gen solid-state battery EVs next year

In a bid to offer shorter charging times and longer driving range, Japanese multinational automotive manufacturer Toyota Motor Corporation has reportedly planned to debut a game changing electric vehicle in 2021 which would be completely based on sol...


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