MARKET TRENDING NEWS

Dutch multinational health tech corporation, Philips announced that it is banking on a strong recovery of its sales volumes during the second half of the year, despite acceding to a sharp decline caused by the global shortage of parts in the upcoming months. Earlier in January, Phillips had warne... Read More

Germany’s largest airline Deutsche Lufthansa AG is reportedly in talks to purchase a 40% share in Italy’s flag carrier ITA Airways in a deal that might be revealed next week. Discussions about a partnership between the German partly state-owned Lufthansa and ITA Airways are currently ... Read More

Australian customer research software startup Dovetail has reportedly raised USD 63 million in a Series A funding round led by U.S. venture capital firm Accel. The company has now raised little over USD 70 million in total, with its additional capital valued north of USD 700 million. The company&... Read More

Cadence Design Systems Inc., a designer of microchip software, is reportedly betting on witnessing high demand for custom chips from automobile companies & other chip users who are facing increasing competition from corporate titans Tesla and Apple, who manufacture their chips. As per sources... Read More

Diagnostics pioneers Kaivogen, Abacus Diagnostica, and Labrox have reportedly teamed up to become a single multinational in-vitro diagnostics company called Uniogen. The new company named Uniogen Oy will offer a complete point-of-care testing package, including diagnostics for infectious diseases... Read More

As the lockdowns enter their third year, China reiterates its zero-COVID strategy, claiming that the widespread of the presumably milder Omicron variant is no cause to relax its guard despite warnings of economic disruptions and even public upheaval. While other countries discuss the move from pa... Read More

Ardian, a Europe-based private equity firm, has reportedly secured a USD 1.26 billion deal to acquire Italian drug maker Biofarma Group, making this the second major transaction in less than a year. The deal will allow the private equity firm to enter into the flourishing dietary supplements spac... Read More

Several companies in the United States are reportedly grappling to recover especially amidst the widespread outbreak of the Omicron variant, ongoing supply chain crisis, and labor shortage. Although the roll-out of vaccines and the easing restrictions had raised hopes of a potential boon and reco... Read More

Lahori, a direct-to-consumer beverage firm, has reportedly secured an investment of USD 15 million from Verlinvest, a consumer-focused investor based in Belgium, in exchange for a minority stake. Actual details of how much stake Verlinvest has acquired is yet to be known. Punjab-based Lahori will... Read More

Chinese clean energy solution enterprise GoodWe has reportedly refreshed its brand to keep up with the evolving new energy space. The rebrand will bring focus on digitalization and collaboration aspects of its business. Notably, the epicenter of this new brand identity is its commitment to using ... Read More