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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.
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...
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...
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...
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,...
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...
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 ...
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...
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...
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...
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...
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...
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 ...
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...
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...
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...
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...
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...
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...
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. ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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.&...
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 ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 ...
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...
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’...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 ...
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...
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...
German luxury vehicles manufacturer Mercedes-Benz is reportedly planning to start production of six all electric EQ vehicles by the year 2022. The recent development comes after the German automaker revealed its Ambition 2039 initiative, in which it ...
Riversand Technologies Inc., an American cloud-based SaaS MDM (Master Data Management) solutions provider has reportedly entered a joint venture agreement with Valtech GmbH. The two companies will team up to deliver advanced cloud data management sol...
In recent developments, UK-based multinational independent media organization, Argus Media Ltd has reportedly launched the first renewable diesel and SAF (sustainable aviation fuel) prices for Asia. The new prices for SAF as well as renewable diesel ...
American multinational technology giant, Google, LLC, has reportedly announced that it has effectively removed several browser extensions belonging to online conglomerate, InterActive Corp., (IAC), citing policy violations. As per reliable reports, G...
Cultured, lab-grown meat, produced inside bioreactors without slaughtering any animals, has reportedly been approved to go on sale for the first time by regulatory authorities in Singapore. The new development is being hailed as a momentous, landmark...
As per the statement of chancellor Rishi Sunak, Britain’s first nationwide infrastructure plan would provide a “once in a lifetime investment” of approximately £100 billion to drive the nation’s recovery from the COVID-1...
According to reliable sources, Nokia Corporation has reportedly been selected by Canada-based Telus Communications Inc. to provide 5G services in Canada. The Finnish multinational technology giant will reportedly support the Canadian mobile service o...
Tony Blair Institute (TBI) and Oracle have recently introduced cloud technology to Africa for effective management of public health programs in the region. As per credible sources, initially, Ghana, Sierra Leone and Rwanda will use the new Oracl...
Swiss supplier of marine fuels Minerva Bunkering has reportedly introduced an innovative solution called Advanced Delivery Platform (ADP) in a bid to increase efficiency and transparency during bunkering operations. According to reliable sources, Min...
In a pre-Series A funding initiative led by a consortium of international angel investors and CapitalT, pre-employment testing software player, TestGorilla, has reportedly secured an amount of USD 1.2 million. This announcement comes amid TestGorilla...
AEGIS Hedging Solutions a leading company offering technology and expertise for commodity and rate hedging, has recently announced the acquisition of a renowned commodity trading advisor and pioneer in metals hedging, Nexidus Commodities. Speaking o...
Inmagene Biopharmaceuticals, a Chinese pharmaceutical company, has recently revealed that it has logged US$21 million from its Series B funding round which was led by Vertex Ventures China. Reportedly, the funding saw co-investment from investors lik...
Transom Capital Group, a prominent middle market private equity firm, has reportedly made an announcement of acquiring BridgeTower Media in order to expand its reach in marketing and media domain. For those uninitiated, BridgeTower Media is a major ...
New York-based information and market assessment firm, Nielsen Holdings plc, has reportedly announced to have signed a definitive agreement with Advent International, a global private equity firm. As per the agreement, Advent, in partnership with for...
Today, the world is on the cusp of a novel wireless technology era with the introduction of innovative 5G connectivity. Network companies worldwide are striving to offer a 5th generation network in a bid to transform the connectivity landscape. A sim...
U.K. headquartered HealthTech startup- Psyomics Ltd. has reportedly announced that it has raised nearly £1.5 million (USD 1.95 million) through a recent funding round led by the current as well as new investors, with an aim to launch ‘Cen...
Innovaccer, Inc., a healthcare company, has recently launched an AI (artificial intelligence) enabled patient relationship management solution. The new solution will streamline communication between the care teams and patients. In addition, the solu...
Geely Technology Group, a Chinese automobile manufacturer, and the Municipal Government of Jinan, China, have reportedly signed an all-round strategic cooperation deal to jointly develop a network of smart battery swapping service stations across Jin...
Chinese biotechnology company, CStone Pharmaceuticals has recently announced that it has completed the Share Subscription Agreement with Pfizer Inc. for its newly issued shares worth US$200 million. The move furthers the biotech’s multifaceted ...
A three-year grant worth $6 million, funded by the Michael J. Fox Foundation, was recently awarded to a collaborative research team from Michigan’s Van Andel Institute (VAI) and the University of Minnesota Medical School. The grant was given th...
Ernst & Young (EY), a global professional services network, has recently announced the availability of a first-of-its-kind OpsChain Network Procurement solution. The solution has been built on the company’s OpsChain platform. It will enabl...
Fibonacci Brands has recently announced the acquisition of Darwin from Harvest Health & Recreation (HARV.CN) as its foundation brand. Fibonacci is a leading player in the international cannabis industry. According to James George, founder of Fib...
The Global Virus Network (GVN), an international coalition of medical virologists, has recently announced the addition of Australian and Russian researchers. GVN is adding the Center for EVIT (Emerging Viruses, Inflammation & Therapeutics) of th...
American private equity firm, Wind Point Partners has recently signed an acquisition deal with the one of the biggest direct-to-consumer (D2C) eCommerce providers of drinkware, RTIC. Reportedly, RTIC is Wind Point’s third acquisition of a famil...
Swiss multinational pharmaceutical firm, Novartis has recently announced results from its Phase III ORION-10 and -11 studies that focus on assessing the individual responses of patients on lowering low-density lipoprotein cholesterol (LDL-C) with inc...
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