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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.
Following this funding, Interfor's long-term debt will hold a weighted average interest of 5.30% Interfor registered a Net Debt to the Invested Capital ratio of nearly 10% as of October 31, 2022 Interfor Corporation, one of the world...
Leading real estate services and investment company, ESR Group Limited, has recently announced that its exclusively-owned subsidiary, ARA and the Export-Import Bank of China have inked a breakthrough collaboration in a deal worth USD 1 billion infras...
Leading software platform, Circularise recently announced that it has raised $11.3 million (€11 million) in funding as part of its Series A round in a bid to advance its mission to bring a circular economy to industrial supply chains. The fun...
Adani Group, an Indian conglomerate, recently opened an offer to acquire an additional 26% share in New Delhi Television (NDTV), which was positively accepted by the Indian market regulator Sebi. The deal, worth USD 60.78 million, is expected to b...
The Asian Development Bank and Indonesia, along with a private power company announced partnering to refinance and retire a coal-fired power plant under a groundbreaking carbon emissions reduction program. According to reliable sources, West Java&...
Elon Musk has reportedly sold out $3.95 billion of Tesla stock since completing the acquisition of well-known social networking firm, Twitter, late last month. Since the Tesla CEO inked a deal to purchase Twitter for $44 billion, Tesla’s sto...
American multinational technology conglomerate, Meta, the parent company of Facebook, is reportedly expected to lay off thousands of employees, stated some credible reports. At present, Meta employs nearly 87,000 employees worldwide; however, like...
Saudi Arabia’s sovereign wealth fund has reportedly formed a JV (joint venture) with Taiwanese multinational electronics contract manufacturer, Foxconn to build and sell EVs, a move undertaken by the nation to reduce reliance on oil and diversi...
Renowned Bengaluru-based software company, Decentro has reportedly raised $4.7 million in a Series A round of funding, which was headed by the fintech venture capital arm of Rapyd - Rapyd Ventures. Uncorrelated Ventures and Leonis VC, along with I...
Renowned British supermarket chain, Asda has reportedly finalized its $693 million (£600 million) deal for buying the Co-op's petrol forecourt business. According to the firm, the deal, which falls under its strategy of growing in the co...
Renowned Alibaba Group’s affiliated company, Ant Group has reportedly expanded its collaboration with STB (Singapore Tourism Board) to make cross-border travel more convenient and seamless. Apparently, this collaboration is built on a union ...
Renowned AI Startup, LatticeFlow, has recently announced that it has raised $12 million in a Series A funding round headed by Atlantic Bridge and OpenOcean. FPV Ventures, as well as existing investors, btov Partners and Global Founders Capital, wh...
FZ Digital, a novel F&B technology solutions firm, is reportedly introducing its groundbreaking automation and robotics technology to Singapore’s F&B (food and beverage) industry. The firm, unveiled in October 2022, aims to be the cr...
Semiconductors or electronics undergo a manufacturing process where alcohol is used to remove impurities from their surfaces. The wastewater containing alcohol is then treated with the help of reverse ozone, osmosis, and biological decomposition. ...
Well-known multinational oil and gas company, BP will reportedly purchase U.S.-based RNG (renewable natural gas) producer, Archaea Energy for around $4.1 billion. Apparently, the British energy major looks forward to expanding its alternative fuel...
Facebook, now known as Meta, changed its name nearly a year ago to showcase its commitment to the metaverse future, which the social network giant continues to pursue by offering innovative features and virtual reality (VR) based gear. Howev...
Minister for Information and Communications in Singapore, Josephine Teo has reportedly unveiled the Job Transformation Map (JTM) for the I&C (Information and Communications) workforce at the 5G Learning Festival, for potentially impacting future ...
Renowned data-powered intelligence startup, Stears, is delighted to announce a $3.3 million seed funding round headed by MaC Venture Capital. Apparently, Omidyar Group-owned Luminate Fund, Serena Ventures, Cascador (Empowering Economic Growth Foun...
The city government has recently stated that it has completed the installation of around 1,000 EV (electric vehicles) charging points in a time span of less than one year under the Delhi EV policy 2020. According to Transport Minister, Kailash Gah...
North Korea has reportedly proposed new guidelines on several approaches to deal with the country’s natural disasters situation and emergency health crisis at an important parliamentary meeting, informed the state media on Friday. According ...
Saudi’s Seera Group, a reimagined Al Tayyar Travel Group, has reportedly collaborated with the Saudi Air Connectivity Program, an initiative the government took to enhance and develop tourism air connectivity in the kingdom. Apparently, Seer...
German multinational pharmaceutical and biotechnology company, Bayer CropScience recently stated that its board has given the go-ahead for selling its Environmental Science Business to 2022 ES Discovery India, a private Indian company. The deal wi...
French-based software startup, Stockly is reportedly raising another $12 million (€12 million) in a Series A round from Daphni, Eurazeo, and several other business angels. Apparently, the firm pools together the inventory of several e-commerc...
Amidst rising efforts for promoting cashless travel, prominent mobile payment providers in Asia have recently announced an integration of the cross-border digitalized payment solutions from Alipay+ in South Korea. With this move, users of e-wallet...
Sumsub will assist Seracle in building an innovative blockchain ecosystem Sumsub will offer enhanced security to Seracle at a time when losses due to cryptocurrency thefts have increased by about 60% to $1.9 billion Seracle, a global blockc...
CATL, a Chinese battery manufacturer and technology company, has reportedly introduced a new battery technology known as Module to Bracket (MTB) for heavy-duty electric trucks. As per reliable sources, the MTB technology deploys the battery module...
Arbonics, a Tallinn, Estonia-based climate tech startup, is launching a new innovative data and science-driven tool to ensure that the potential carbon income from land and forests is calculated quickly and easily for landowners in Europe to assist i...
Cruise, an American self-driving technology unit, is reportedly all set to unveil commercial robotaxi services across Phoenix, and Austin, Texas, two major spots for autonomous vehicle development, in the next 3 months before 2022 ends. During Gol...
Innovative global leader, COPC Inc. has reportedly announced a new partnership with the CCMG (Contact Centre Management Group) in South Africa. According to credible sources, this partnership will provide research insights into the contact centre ...
Amid working out measures to protect citizens and businesses from soaring energy bills, energy ministers of the European Union (EU) were reportedly divided on capping the prices of Russian gas during their meeting earlier on Friday. Apparently, th...
Ultimate payment platform, Yuno has reportedly partnered with leading payments intelligence company, Fraugster, to offer easy access to online merchants for compliance, fraud prevention, and revenue uplift solutions with a single API. Apparently, ...
eBaoTech Corporation, a technology solution provider, has recently publicized that its InsureMO® platform has been selected by Ageas Group (Ageas) for its digital transformation as part of the Group’s Impact24 strategy for investing and exp...
Universal Entertainment Corp., a Japan-based manufacturer of gaming machines, has recently announced that its local representatives in the Philippines have taken over the operation of a gambling resort, Okada Manila, taking the final step in a long-o...
Nvidia Corporation, a company that designs computer chips, was instructed by U.S. officials to stop the export of two of the best computing chips to China for use in artificial intelligence (AI) projects. Apparently, this could severely limit Chinese...
As India readies to launch 5G services in October, the state-run PGCIL (Power Grid Corporation of India) is still deploying obsolete and dated technology to install 1 crore smart electricity meters that can seriously jeopardize the planned reforms in...
According to the EDO (European Drought Observatory), Europe is experiencing its worst drought in around 500 years. There have also been reduced inland shipping as well as lower power production and crop yields, with a state of alert or emergency alre...
According to the country's new strategy for achieving a wider rollout of self-driving vehicles by 2025, manufacturers running self-driving vehicles in the UK would be liable for a vehicle's behavior when in autonomous mode. This means that hu...
Singapore-based e-commerce enabler Graas has announced having received funding of USD 40 million in the Series A round. The investment was led by an array of South Asian and Indian investors from private equity, retail, and deep tech giants such...
Tencent Holdings Ltd., a Chinese conglomerate, is reportedly planning to sell a fraction of its 17% stake in shopping platform Meituan to pacify domestic policymakers and capitalize on an investment made eight years ago. According to people famili...
Online food delivery behemoth Swiggy has reportedly established a moonlighting policy that enables its staff to work on external projects, although subject to internal clearance. According to the company, the staff will be allowed...
Oracle Corporation is reportedly planning to lay off thousands of workers as early as August, as the database and cloud services provider is getting ready to release its first-quarter financial results. For those unaware, employees were informed a...
Luxury good group LVMH Moët Hennessy Louis Vuitton reported second-quarter revenues beyond analysts’ expectations, with extensive progress in the United States and retrieval in Europe which helped mitigate the dwindling sales in Asian busi...
The world's largest manufacturer of electric vehicles, BYD Auto. Co. Ltd., is reportedly preparing for EV sales in the South Korean market, competing against the likes of Hyundai Motor Group, the nation's largest automaker, with lower prices ...
The company is likely to employ these sensors in the Sony-Honda JV electric vehicles. These sensors incorporate image recognition and radar technology to decrease harsh weather effects on EVs. Tech behemoth Sony Group is reportedly developi...
The Reserve Bank of India is reportedly planning to forbid cryptocurrencies from its financial structure due to concerns about the destabilizing effect these virtual assets may have on the nation's economic prosperity. India's Finance Mini...
Japan’s Industry Minister Koichi Hagiuda announced on Wednesday i.e., 13th July that the country is planning to assist India in steering its transformation process to clean energy by building on an initiative introduced last year for Southeast ...
The statistical figures of Tata Consultancy Services (TCS) for Q1-FY23 have reportedly showcased a mixed outcome of revenues surpassing estimates but with disappointing margins. Aside from this, the company has confirmed that it would be focusing ...
According to the artificial intelligence researchers at Facebook’s parent company, Meta has taken a step forward towards achieving its science-fiction dream of automated universal translation. Sources claimed that machine learning, the AI-su...
Foxconn, a prominent contract electronics manufacturer, has reportedly increased its full-year business outlook as a result of robust sales of servers and smartphones, despite concerns over demand drops due to rising inflation. The Taiwanese compa...
To comply with Apple’s App Store guidelines, popular social media platform Instagram has now added account deletion support to iOS devices. The iPhone maker's store policy notably instructs that all apps that allow users to create accounts ...
Tesla Inc. reportedly closed its San Mateo, California office to expedite cost-cutting and has let go nearly 200 workers who functioned on its autopilot driver-assistant system. Most of these employees were compensated on an hourly basis. Earlier ...
The recall covers 220 units of the electric pickup trucks in Canada and 2,666 units in the US. Ford has refused to accept any more orders and declared the EV sold out for 2022. Ford Motor Company has reportedly recalled the first batch of ...
The Coca-Cola Company, an American multinational beverage corporation, has reportedly secured a Brand Strength Index (BSI) score of 93.3 out of 100, making it the strongest brand in the USA, according to a TradingPlatforms.com analysis of the iconic ...
The U.S. FDA (Food and Drug Administration) is reportedly planning to instruct Juul Labs Inc. to stop supplying its e-cigarettes in the country. Shares of Altira, which owns a 35% stake in Juul Labs, fell to 8.5% after the latest development. For ...
According to a recent study, e-commerce platforms are currently India's fastest-growing digital advertising medium and are expected to offer around USD 8 billion worth of opportunities by 2030. Roughly 300-350 million new online customers from ti...
Apple Inc. is reportedly facing a class-action lawsuit in the United Kingdom, which is seeking USD 938 million in damages, accusing the tech giant of mishandling its market dominance. Justin Gutmann, a consumer rights activist, is leading the case...
Apple Inc. is reportedly facing a class-action lawsuit in the United Kingdom, which is seeking USD 938 million in damages, accusing the tech giant of mishandling its market dominance. Justin Gutmann, a consumer rights activist, is leading the case...
Credible sources have claimed that Facebook Inc., Twitter Inc., and Google LLC have been forced to address deepfakes and fake accounts on their platforms or pay heavy fines as per the updated mandate from the European Union (EU). For those unaware...
Co-legislators of the European Union have reportedly reached a provisional agreement on common charging solutions for a total of 15 different device categories including laptops, smartphones, tablets, and other medium & small-sized electronics ac...
As per reliable sources, factory operations in Asia slowed in May as China's stringent Coronavirus restrictions began to disrupt supply chains and weaken demand, compounding problems for some of the region’s economies that were already stru...
eBikeGo, India's largest electric two-wheeler commuting platform, has teamed with Log9 Materials, a Bengaluru-based advanced battery technology start-up, to develop a 10-minute instant technology for the Velocipedo, a new electric trike. eBikeGo...
According to reliable sources, lithium prices have surged approximately 500% within just a year, which in turn could hamper the rapid expansion of electric vehicles and threaten the clean air movement. This development comes after battery components ...
Luxury retailers in the United States are reportedly depending on the deep pockets of their high-end customers to weather the inflationary storm that has engulfed the retail landscape. Off late, the retail environment is feeling the effects of inflat...
South Korea's largest carmaker Hyundai Motor Group is reportedly planning to invest an additional USD 5 billion in the U.S. by 2025. The company aims to strengthen its collaboration with technological firms in the country. During a visit to Se...
E-commerce behemoth Amazon Inc. has reportedly launched a “Smart Commerce” initiative in India, aiming to digitalize 10 million small businesses, allow for USD 10 billion worth in exports, and create 2 million jobs by 2025. During the ...
After Ukraine’s invasion, multinational fast-food giant McDonald's Corp. is reportedly planning to sell all its restaurants in Russia, pulling operations from the nation after 30 years. The world's biggest fast-food chain closed 847 ...
GetHenry, a Berlin-based company that offers couriers and logistics organizations electric last-mile delivery bikes, has reportedly raised USD 17.4 million seed round to grow its operations across Europe. The latest investment round was led by LocalG...
Italian luxury sports car manufacturer Ferrari S.p.A. will equip its much-awaited Purosangue SUV with a 12-cylinder engine, as it focused more on fuel-efficient models. Confirming the news, Ferrari Chief Executive Benedetto Vigna claimed that the com...
According to reliable sources, the Biden administration is planning to provide USD 3 billion in finance to reinforce EV battery manufacturing capabilities in the United States. The apparent funds will be issued by the Department of Energy from Presid...
Telefonica S.A. is planning to increase its investments in Israel’s high-tech sector this year, a senior official reported recently. The company, which is Europe’s third-largest telecommunications company, is also eyeing the country&rsquo...
Harley-Davidson Inc. reportedly saw a downturn in profit for the first quarter, owing primarily to chip shortages and rising costs despite an uptick in sales. The company's stock price was down 1.2%, trading at USD 36.20 on the New York Stock Exc...
Global military spending reportedly reached USD 2.1 trillion in the year 2021, with the U.S., China, and emerging as the three largest spenders, according to a report from SIPRI (Stockholm International Peace Research Institute). The report showed...
Rolls-Royce has reportedly fabricated a mini nuclear reactor for which it is hoping to get complete authorization from the U.K. by 2024. According to the chairman of Rolls-Royce Small Modular Reactors, Paul Stein, this nuclear reactor will be able to...
The NYPD has also ordered over 200 Tesla Model 3 vehicles to add to its EV fleet. The city plans to install 10 high-speed EV chargers in LaGuardia that would charge the vehicle in less than 30 mins. In a move to create a more environmentally f...
General Motors-owned self-driving car company Cruise is reportedly expanding its autonomous driving delivery pilot program with Walmart in Arizona. The firm will be now offering limited deliveries for the Chandler customers in addition to Scottsdale....
Glenmark Pharmaceuticals Limited has reportedly received approval from the DCGI (Drug Controller General of India) to perform phase 1 clinical trials of its novel molecule for advanced solid tumor patients. Glenmark Specialty SA obtained the DCGI no...
EV charging network Charge Zone has reportedly partnered with Marriott International Inc. to install electric vehicle charging stations across the hotel chain’s Indian properties. Under the partnership, the company will also deploy a charging ...
According to the White House, climate change might prove to be severely detrimental to the U.S. federal budget by the end of this century, resulting in a loss of at least 7.1% annual reserve, which is a whopping USD 2 trillion per year based on today...
American financial service firm Robinhood Markets Inc. has reportedly launched a new debit card on Tuesday that will allow users to invest any spare change as it seeks to grow beyond trading, into other consumer-centric finance verticals, putting it ...
BMW recently announced a recall of more than one million vehicles due to a risk of an engine fire. According to BMW, the affected vehicles have a malfunctioning engine ventilation system, which might cause overheating and raise the risk of fire. The...
As per reliable sources, KFC Corporation and Pizza Hut’s parent company Yum! Brands Inc. has halted its investments in Russia, a key market that had helped the food major achieve record development in the preceding year. However, Yum! Brands r...
As the viability of EVs is getting realized, auto manufacturers are increasingly directing their efforts towards this space. Recently, Hyundai Motor Co. announced plans to invest USD 79.21 billion through 2030, including USD 16.10 billion in EV-relat...
LinkedIn is reportedly bringing its renowned Creator Accelerator Program to India, the country which is known to be its second-largest market after the U.S., with over 85 million active users. The development comes as the race to woo creators s...
Zoomo, an Australian firm that makes utility e-bikes for delivery drivers, has closed its Series B round after raising an additional USD 20 million in equity funding. The round was led by Collaborative Fund and other strategic investors like MUFG Inn...
The WHO had previously stated that vaccine hesitancy is one of the biggest threats to global health. A recent study further affirms this issue as a major problem, stating that rapidly spreading misinformation on social media about the benefits and di...
Tyson Foods Inc. has reportedly scrubbed the mandatory use of masks for its fully immunized employees at some of its facilities in the United States. Those working at meatpacking plants will, however, be compelled to wear masks. According to the sec...
Toyota Motor Corporation and Honda Motor Company Ltd. are reportedly optimistic about this year's profit outlook. The recent chip shortage has resulted in limited vehicle supply, further allowing the Japanese automakers to charge a higher price t...
A deal for the sale of Arm Ltd. by SoftBank Group Corp. to Nvidia Corp, a U.S. chipmaker, has reportedly collapsed. It is believed that Arm will instead opt for an IPO rather than the sale, which could have been worth USD 80 billion. The sale agreem...
Audi is reportedly contemplating the viability of fabricating electric vehicles domestically in India with a view to manufacture at threshold volumes and reach more customers, as the automaker intends to go all-electric by 2033. The company st...
According to General Motors chairman and CEO Marry Barra, the company has secured more than 110,000 reservations for its all-electric truck, the Chevrolet Silverado, including bookings from more than 240 fleet operators. The fresh booking details on ...
Apollo Hospitals is reportedly in talks with a clump of private equity investors including SoftBank and General Atlantica to sell a minority stake in its pharma business, Apollo HealthCo. The 100% subsidiary of Apollo Hospitals is expected to raise U...
Lamborghini India reportedly recorded an 86% growth in 2021 as compared to the previous year. The supercar manufacturer completed the delivery of 69 cars this year, according to the Head of Lamborghini India, Sharad Agarwal. The company’s stro...
Tesla Inc. has reportedly released its Q4 and calendar-year 2021 results, revealing USD 17.72 billion in revenue in the last three months of the previous year with the company’s automotive segment alone generating USD 1 billion. Tesla's ne...
Luxury British carmaker Bentley, a subsidiary of Volkswagen Group, reportedly said that it will produce its first fully electric vehicle in 2025, ushering the company into the world of electric mobility. Bentley also pledged USD 3.4 billion in susta...
Ola Electric has reportedly raised USD 200 million in a fresh funding round, which has brought its valuation to USD 5 billion. This time, the EV maker has managed to secure funds from Tekne Private Ventures, Edelweiss, Alpine Opportunity Fund, and ot...
Indian grocery entrepreneurs have been enticing tech-savvy clients with the promise of 10-minute deliveries, however, this has prompted road safety concerns as bikers strive to fulfill strict deadlines. Flipkart, Walmart, Amazon, and Indian billionai...
SaaS Labs, a SaaS company that creates business automation tools for sales and support teams, has reportedly acquired USD 42 million in Series B round spearheaded by Sequoia Capital India, along with backing from existing investors Eight Roads Ventur...
Shares of Sony Group Corp. saw a 13% drop on January 19th, losing a whopping USD 20 billion in market value after rival Microsoft Corp. acquired video game developer Activision Blizzard in a USD 68.7 billion deal. While Sony's PlayStation is wid...
Samsung has revealed the Exynos 2200, an in-house developed processor designed for use in mobile phones. It is the world's first mobile chipset with an AMD RDNA 2 graphics design GPU, which supports hardware-accelerated ray tracing. According to...
German luxury automaker Mercedes-Benz is seeking to increase sales of its electric vehicles in India, according to a senior business executive, with potential plans in works to locally manufacture its all-electric sedan EQS. By the fourth quarter of...
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