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Del Monte to shut its Sleepy Eye plant & lay-off all employees on site

Published Date: 2019-08-23         Author: Pankaj Singh

The Sleepy Eye plant closure would be waving hundreds of seasonal jobs and 69 full time jobs.   This closure is just a part of the greater vision of Del Monte’s parent company, Del Monte Pacific ­Limited based in Singapore, to close or sell most of its U.S. assets. Del Mon... Read More

Del Monte to shut its Sleepy Eye plant & lay-off all employees on site

Published Date: 2019-08-22         Author: Pankaj Singh

The Sleepy Eye plant closure would be waving hundreds of seasonal jobs and 69 full time jobs.   This closure is just a part of the greater vision of Del Monte’s parent company, Del Monte Pacific ­Limited based in Singapore, to close or sell most of its U.S. assets. Del Mon... Read More

RedDoorz raises $70M in Series C funding round led by Asia Partners

Published Date: 2019-08-20         Author: Saipriya Iyer

The company aims to expand in its existing markets from the raised capital.   The startup has raised $140 million till date from various investors with Mirae Asset-Naver Asia Growth Fund & Rakuten Capital joining as new investors in latest round. RedDoorz, a hotel booking startu... Read More

Hyundai Motor halts production subject to tough market conditions

Published Date: 2019-08-19         Author: Pankaj Singh

The carmaker has declared no production days for some departments due to slowdown in the automobile sector. Engine Shop-1 and Engine Shop-2 are expected to face the no production days for ten and nice shifts respectively. The nation's second largest car-maker Hyundai Motors, India has ... Read More

Hambrecht Ducera Growth Ventures leads funding round for Buoy Health

Published Date: 2019-08-17         Author: Pankaj Singh

Boston-based online diagnostic platform Buoy Health has recently announced the details of its Series B funding round. Buoy is a revolutionary health platform powered by advanced AI and offers users medical support in real time. Buoy’s CEO, Dr. Andrew Le has reportedly stated that while clin... Read More

Amazon to donate unsold third-party products instead of disposing them

Published Date: 2019-08-16         Author: Pankaj Singh

Amazon, the US- based multinational e-commerce company, has reportedly introduced a new program across the U.K. and U.S., called Fulfilled by Amazon Donations, under which the company will donate unwanted products received from third party vendors left in the warehouses instead of trashing them. ... Read More

QFPay secures US$20m in investment to expand digital payment solutions

Published Date: 2019-08-14         Author: Pankaj Singh

QFPay, a China based mobile payment startup has reportedly received USD 20 million in the latest funding round, led by Sequoia Capital China and Matrix Partners, its existing investors. The round also witnessed participation from MDI Ventures (Indonesia), VentureSouq (Dubai) and Rakuten Capital (Jap... Read More

BP to invest Rs7,000 Cr to acquire 49% stake in RIL’s petro business

Published Date: 2019-08-13         Author: Pankaj Singh

The new joint venture will include RIL’s aviation fuels business and retail service station networks across India. Reliance Industries Ltd., a multinational conglomerate company based in India, has recently announced that it would be forming a joint venture (JV) with UK’s multina... Read More

BlackRock seals massive deal over $870 million with Authentic Brands

Published Date: 2019-08-12         Author: Pankaj Singh

BlackRock bought over a 30 per cent stake in Authentic Brands Group for USD 875 million.   The deal values Authentic Brands around USD 4 billion to USD 4.5 billion, including the debt. New York based BlackRock reportedly announced that it has recently sealed a deal to become the lar... Read More

Lidl to first launch reusable fabric bags for loose fruits & veggies

Published Date: 2019-08-10         Author: Pankaj Singh

The company emerges as the 1st retailer to launch a reusable bag for loose vegetables and fruits. The reusable bags are to be priced at 69p providing the choice of opting for thin single use plastic or 100% polyester, machine washable, bags. This initiative is upheld to cut down the use on si... Read More

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