Industry News

Uber Technologies Acquires Careem Networks for $ 3.1 Billion

Uber announces acquisition of middle eastern competitor, Careem, for $ 3.1 Billion, which will be completed in coming seven to eight months.

Shell New Energies Acquires Greenlots

Shell announces acquisition of electric vehicle solutions company, Greenlots

Waves Audio to Collaborate with Qualcomm Technologies

Waves Audio announces collaboration with US semiconductor and telecommunication equipment company, Qualcomm Technologies, for the expansion of former company solutions in Qualcomm Snapdragon 855 mobile platform.

Toyota to Provide Total-care Service for Grab Cars in Singapore

Japanese automotive manufacturer, Toyota Motor Corporation, announced to provide Total-care Service to Southeast Asia’s ride hailing major, Grab in Singapore

Audi AID and Luminar Enter into Collaboration

Luminar announced its partnership with Autonomous Intelligent Driving (AID), a subsidiary of Audi to launch self-driving cars by 2021

Mahindra Electric Inks Strategic Collaboration with SmartE for Last-mile Connectivity

Mahindra Electric signed MoU with India’s first and largest electric mobility service, SmartE to introduce three-wheelers in the country

SAP SE to Collaborate with Contextor SAS

German Based multinational software corporation has acquired Contextor SAS to expand its machine learning portfolio for an undisclosed amount.

Alibaba Sales Surpassed USD 30 Billion on Singles Day

Chinese e-commerce giant, Alibaba reported record breaking sales of USD 30.8 Billion on singles day surpassing combined sales of Black Friday and Prime Day.

IBM Corp. to Acquire Software Company, Red Hat for $34 Billion

American multinational company, IBM Corp. is combining forces with Red Hat to catapult the company into the ranks of the top cloud competitors.

Richemont and Alibaba to Collaborate in Online Luxury Market

Chinese e-commerce giant, Alibaba has formed a joint venture with the Swiss luxury group, Richemont to penetrate luxury goods industry.

Limelight and Ericsson Partnership on Content Delivery & Edge Cloud Services

Ericsson is partnering with Limelight to add content delivery capabilities to its new Ericsson Unified Delivery Network (UDN) platform.

Baidu joins AI group led by U.S.

Search engine firm, Baidu has become the first Chinese company to join the artificial intelligence group, consisting of top U.S. firms. Search engine firm, Baidu has become the first Chinese company to join the artificial intelligence group, consisting of top U.S. firms. China: Baidu was named

Apple Launched iPhone XS, iPhone XS Max and less expensive iPhone XR

Apple introduced three new iPhone s the iPhone XS, iPhone XS Max and iPhone XR. The new s are successors to last year's iPhone X, iPhone 8 and iPhone 8 Plus.

Volkswagen Plans to Use 3D Printing for Mass Production

The world's largest car manufacture revealed plans to start using HP metal printing technology to manufacture select parts including gear knobs and custom tailgate lettering within two to three years.

Solid Power Raises $20 Million In the Battle to Build All-Solid-State Batteries

The race to manufacture the next generation battery is warming up. Just in the principal half of 2018, investors have drawn into battery new businesses twofold the sum they have invested into 2017.

Lactalis Buys Infant-Formula Unit from Aspen for USD 860 Million

Lactalis International agreed to buy an infant-formula business from Aspen Pharmacare Holdings Ltd. for 739.8 million euros ($860 million) to target the fast-growing Chinese market.

BMW Announces Intelligent Personal Assistant Communication System

BMW introduced Intelligent Personal Assistant, an AI powered system to support driver’s communication with their cars as they do with their smartphones.

India's ITC is Planning to Launch Milk-Based Beverages

ITC is set to launch ready-to-drink milk-based beverages to take on popular rivals Coca-Cola, Amul and Britannia in the Indian Market

Nestle and Starbucks Close Deal for the Perpetual Global License

Nestle and Starbucks Corporation publicized the closing of the deal granting Nestle the rights to market Starbucks Consumer Packaged Goods and Foodservice products globally

Apple buys AR headset lens maker Akonia Holographic

Apple complete the acquisition of Colorado-based Akonia Holographics, a startup focused on the development and production of specialized lenses used in augmented reality headsets.