Reliance Capital sells stakes to Nippon, exits mutual funds business

Reliance Capital, a financial services company has recently entered an agreement with Nippon Life Insurance of Japan, for exiting its stake in Reliance Nippon Life Asset Management, reports source. For the record, Nippon Life Insurance mad....

Sony regionally splits smartphone business, aims to quit India market

Sony will be officially quitting its smartphone business from the Middle East, India, Australia, Mexico, and Canada. Japanese conglomerate Sony Corp. has announced that it plans to retain extensive focus now on its smartphone business. As ....

Engie and EDP join forces to build a global offshore wind energy firm

The new JV would aim to have between 5 GW and 7 GW capacity of projects under operation or being built by 2025 French utility Engie and Portuguese power firm EDP have reportedly announced a joint venture focused on becoming one of the top-....

Toshiba Memory plans to buy back the shares held by Apple and Dell

US tech companies were formally part of a group led by Bain Capital that acquired the memory chipmaker from previous parent Toshiba Corp Reports confirm that Toshiba Memory Holdings has recently announced it would be buying out the shares ....

CSBC-DEME Wind Engineering inks turbine installation deal with CIP

CSBC-DEME will transport and install turbines for two offshore wind projects in Taiwan. Construction is scheduled to start in 2021 with a target of completion by end 2023. CSBC-DEME Wind Engineering Co., Ltd., a joint venture between C....

Google cuts off business with Huawei following Trump trade blacklist

The move will prevent Huawei from using Google’s hardware, software and technical services in its upcoming smartphones. U.S. tech giant, Google LLC has recently suspended business with Chinese smartphone maker Huawei Technologies Co.....

Goldman Sachs acquires United Capital in its largest deal in 20 years

With the proposed acquisition, Goldman Sachs aims to further consolidate its wealth-management business.   The move comes under the company’s ongoing effort to diversify itself away from trading; a troubled section of the ban....

Volvo signs long-term battery supply deal with LG Chem & CATL

The U.S. has recently sought to limit dominance of China in EV supply chain. Swedish luxury vehicle company Volvo Cars Group has reportedly announced that it has signed a long-term agreement with Asian companies Contemporary Amperex Techn....

Volkswagen announces battery cell production plans in Germany

Volkswagen, the German multinational automotive manufacturing company announced that it will invest over 1 billion euros in battery cell manufacturing at a facility in west Germany and is looking to simplify the group by spinning out or sel....

Mailchimp plans to expand as a full-service marketing platform

The company has described the move as the biggest shift in its 20-year history. Marketing automation platform Mailchimp has reportedly announced that it has planned to expand beyond its core business by introducing a completely new produc....