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Osram, FSG join forces on turnkey IoT solutions for smart buildings
Osram, a multinational high-tech lightening company, and Facility Solutions Group (FSG), a leading provider of building technology system design, integration, installation and managed services, have reportedly announced a collaborative partnership to provide turnkey smart building IoT solutions to t... Read More
SRF Ltd announces to sell engineering plastics business to DSM
SRF has commercial interests in more than 75 countries and has a global workforce of 6,500 people. Specialty chemical manufacturing company SRF Ltd has reportedly settled on to selling its engineering plastics business to the Indian unit of Royal DSM for INR 320 crore ($45.6 million). The balance... Read More
Lotus works on hypercar with expansion in Midlands & 200 new staff
Lotus, the British sports car manufacturer, recently announced that it will be hiring 200 engineers as it seeks to triple its yearly car production capacity. Reliable reports cite that the car manufacturer, in a bid to reinvent itself, will be increasing its car production to 5,000 per year with ... Read More
Valmet to supply Algeria’s Faderco with second tissue production line
Valmet, a leading global developer and a supplier of technologies and automation systems for the paper and pulp sector, has announced that it will deliver a complete Advantage DCT 100HS tissue production line to Algerian paper company Faderco, which specializes in the manufacture of hygiene products... Read More
Bird introduces e-scooter Bird One for sharing and ownership
Bird has been aggressively trying to expand its share in electric scooter market over the last few months. The dockless electric scooter sharing company Bird has reportedly announced that it has launched its new scooter, named Bird One, for shared-use cases and ownership. The company will also di... Read More
Nestle to trim down delivery network in U.S., will affect 4,000 jobs
Reports confirm that Nestle SA’s U.S. division would be shutting down its direct-to-store delivery network for ice cream and pizza products, such as Skinny Cow and DiGiorno, starting in the third quarter. Apparently, it could result in laying off of around 4000 workers as it stops deliverin... Read More
Skyhawk and Takeda to sign agreement for neurodegenerative disease
The deal will mark the fourth industry collaboration for Massachusetts-based company Waltham. Earlier, Skyhawk had signed a partnership with Celgene worth $60 million. RNA biotech Skyhawk Therapeutics will reportedly sign another R&D deal with Takeda Pharmaceutical company for allowing pharma... Read More
BigBasket achieves unicorn status after new $150 million funding round
Reports confirm that Supermarket Grocery Supplies (SGSPL), owner of the BigBasket brand, has secured $150 million in new round of funding led by Mirae Asset-Naver Asia Growth fund, one of the leading investors operating in global growth markets, Alibaba Group and CDC Group, the UK Government’s... Read More
AveXis presents data from ongoing Zolgensma trials in SMA patients
The incidence of SMA is one in every 10,000 live births. SMA is often recognized as the leading genetic cause behind infant mortality. AveXis, the Novartis-held biotechnology company based in the U.S., has reportedly declared data from the ongoing trials of Zolgensma (onasemnogene abeparvo... Read More
Mondelez Inc. may manufacture CBD-infused snacks and cookies
Professional chefs have termed cannabis- and CBD-infused food as the top food trend of the year 2019. The American multinational confectionary company Mondelez Inc. is reportedly planning to include CBD-infused snacks in its line of products, which includes Cadbury chocolate, Chips Ahoy cookies, ... Read More