Technology
Keysight Technologies, the U.S. based test and measurement company and SK Telecom, the largest mobile operator in South Korea, have signed a deal to collaborate in the designing and testing of 5G network. The collaboration will include the development of validating technology for 5G device …
Business
In a recent turn of events, furniture giant Ikea has reportedly unveiled its plans to slash 7,500 jobs worldwide driven by the objective to serve more online customers amid burgeoning online competition. The massive shake-up proves that the growing online commerce that’s affected numerous brick-and-mortar …
Energy
Madrid based utilities company Endesa is reportedly planning to raise investments in renewable energy over the coming three years. It would also be looking to lower the percentage of profits the company will pay in dividends during the period. Apparently, Endesa has laid out proposals, …
Energy
Recently, the West Australian multinational fertilizer manufacturer, Perdaman Chemicals and Fertilizers Pty Ltd, signed a long-term (20 years) gas sale and purchase agreement or GSPA with Woodside Energy Ltd. With the finalization of the GSPA, the development of a $4.5 billion fertilizer plant that will …
Technology
Global search engine giant, Google LLC has recently announced plans to invest $700 million in a Danish data center, which it intends to power using green energy. The move is being viewed as an emphasis on interest of power-intensive companies in the Nordic region. As …
Life Sciences
Recently, Kolon Life Science announced that it has reportedly signed a technology export contract with pharmaceutical company Mundipharma to launch a cell gene therapy called Invossa-K. The therapy is reportedly aimed at treating osteoarthritis and is developed by Kolon Life Science’s subsidiary Kolon TissueGene based …
Energy
Cimarex Energy Co., a Colorado-based petroleum & natural gas company, has reportedly announced that it would be acquiring Resolute Energy Corp. in a $1.6 billion cash & stock deal. Reports cite, Cimarex would also be assuming Resolute Energy’s debt of about $710 million. With this …
Business
Renowned American multinational retail company Walmart Inc. is reportedly all set to carry out a massive lay off operation at Jabong, an Indian lifestyle & fashion e-commerce company. The lay-off seems to have been planned in an effort to merge the firm with Myntra. Reports …
Energy
Weichai Power Co., Ltd, a renowned Chinese automobile & equipment manufacturing company, has reportedly announced that it has concluded a strategic collaboration agreement with leading Canadian clean energy products manufacturing firm Ballard Power Systems Inc. Reports cite, Wechai Power – a company that is owned …
