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Keysight & SK Telecom ink deal to collaborate on 5G network deployment
Technology

Keysight & SK Telecom ink deal to collaborate on 5G network deployment

Sunil Hebbalkar November 23, 2018
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 …
Ikea to cut 7,500 jobs to focus on e-commerce and smaller outlets
Business

Ikea to cut 7,500 jobs to focus on e-commerce and smaller outlets

Sunil Hebbalkar November 22, 2018
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 …
Endesa to increase renewables investment over a three-year period
Energy

Endesa to increase renewables investment over a three-year period

Ojaswita Kutepatil November 22, 2018
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, …
Perdaman Woodside sign 20-year deal to supply gas in urea plant
Energy

Perdaman Woodside sign 20-year deal to supply gas in urea plant

Ojaswita Kutepatil November 21, 2018
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 …
Google pours $700 million in green energy driven Danish data center
Technology

Google pours $700 million in green energy driven Danish data center

Sunil Hebbalkar November 21, 2018
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

Kolon Life Science & Mundipharma ink license deal to market Invossa-K

Ojaswita Kutepatil November 20, 2018
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 …
Cimarex Energy
Energy

Cimarex Energy to acquire Resolute Energy in a $1.6 billion agreement

Ojaswita Kutepatil November 20, 2018
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

Walmart to lay off 40% workforce at Jabong to merge it with Myntra

Ojaswita Kutepatil November 19, 2018
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 …
ballard power systems
Energy

Weichai inks strategic collaboration deal with Ballard Power Systems

Sunil Hebbalkar November 19, 2018
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 …

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