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Saudi Aramco to issue bonds to finance the acquisition of SABIC
* The petroleum & natural gas company is considering issuing bonds in order to finance the company’s acquisition of SABIC. * The deal would involve the acquisition of nearly all or all of the 70% stake in SABIC. Saudi Aramco, the Saudi Arabian national petroleum & natural gas com... Read More
Communications firm Telstra all set to introduce 5G devices in H1 2019
It’s likely that Telstra may be the only Australian telco to sell 5G phones in the first half of the year. Telstra Corp Lt. Australia’s largest telecom firm, has apparently rung in the New Year with plans to soon roll-out smartphones compatible with 5G. The company’s chief execu... Read More
Qualcomm to add three tier car computing chips, ties with Amazon
Reportedly, Qualcomm will be separating the car computing platforms into three levels - Performance, Premiere, and Paramount. Sources claim that this segmentation is likely to offer the automakers the option to lay more complex computing systems into budget-friendly and cheaper cars. ... Read More
UK supermarkets issue recall for items reported to pose health risks
Reports confirm that major supermarkets including Asda, Lidl, Sainsbury’s, Tesco and Waitrose have discovered problems with some food items they sell which could mean a health risk for consumers. Customers are being asked to return these items to the stores for a full refund, said sources fami... Read More
Walmart & Target gear up for the holidays with mobile checkout systems
U.S. retail giants Walmart and Target are reportedly launching new in-store mobile checkout systems to facilitate the heavy shopping spree expected during the 2018 holiday season. Walmart stated that it will be expanding its mobile checkout service called ‘Check Out With Me’ to all its S... Read More
Amazon to distribute two VIS produced series in Latin America
Amazon and Viacom International Studios have signed a content deal to distribute two VIS produced Latin American series Homens? and Dani Who? to Prime Video. As per credible sources, Homens? is a sitcom starring Fabio Porchat and it revolves around the lives of four close friends. Reliable report... Read More
Hitachi signs MoU with NSW government to develop Western Sydney
Hitachi, Ltd., the Japanese conglomerate company recently announced the signing of a Memorandum of Understanding with the New South Wales (NSW) Government of Australia. The MoU is an illustration of Hitachi’s commitment to cooperate with NSW for the development of Western Sydney Aerotropolis a... Read More
Rockwell Automation seeks to acquire good Indian engineering companies
Rockwell Automation, Inc., an American information products and industrial automation company, has reportedly announced its intention to acquire good systems integrators and engineering companies in India. Reports cite, the Milwaukee-based company is also looking to expand its operations and work... Read More
Cipla agrees to buy U.S.-based Avenue Therapeutics in a $215m deal
Pharmaceutical drug giant Cipla recently confirmed that its U.S.-based subsidiary, InvaGen Pharmaceuticals, Inc. has signed definitive agreements for acquiring specialty pharmaceutical company Avenue Therapeutics, also from the U.S. The deal is reported to be valued at US$ 215 million (approx. Rs 1,... Read More
Infineon unveils new semiconductor plant, acquires SiC startup
Germany-based leading semiconductor solutions manufacturer Infineon Technologies AG has reportedly laid the foundation stone for its new semiconductor facility in Villach, Austria. As per trusted sources, the company has further acquired a Dresden-based start-up Siltectra to fortify its technologica... Read More