Valneva looking to capitalize on growing prevalence of Lyme disease

French drugmaker Valneva SE is now reportedly betting on its vaccine VLA15 for treating climate change-induced Lyme disease, as it looks to capitalize on growing prevalence of tick-borne illnesses following the disappointing sales of its CO....

Reliance Jio becomes the largest buyer of India’s USD 19 Bn 5G sale

Reliance Jio Infocomm Ltd., owned by billionaire industrialist Mukesh Ambani, was found to be the most aggressive participant in the government-backed 5G auction in India where several telecom behemoths agreed to invest at least USD 19 bill....

Mercedes-Benz to roll out level 3 self-driving technology in the U.S.

Mercedes-Benz is among the top automobile manufacturers in the world when it comes to the adoption of cutting-edge technologies. To that effect, the German luxury automaker is ready to roll out Drive Pilot, a Level 3 autonomous driving syst....

upGrad merges Harappa Education to establish Leadership in Enterprise Learning in India

Mumbai/New Delhi, July 22, 2022: upGrad, Asia’s largest integrated higher Edtech major has announced a 100% merger of Harappa Education at a value of INR 300crores (USD 38 million). Harappa will clock INR 75 Cr in Revenue th....

Foxconn teams up with NXP Semiconductors to manufacture EV platforms

The iPhone assembler Foxconn has diversified into EVs and semiconductors since its partnerships with US startup Fisker Inc. and Indian behemoth Vedanta Ltd. Foxconn is also planning to provide parts or services to 10% of the world'....

Ola Electric to set up USD 500 million EV battery R&D unit in Bengaluru

Ola Electric Mobility is reportedly planning to invest USD 500 million in Bengaluru to establish a Battery Innovation Centre (BIC) which could be the world's largest and most sophisticated cell R&D facility with over 165 unique and ....

Markforged expands its offerings with a USD 40 Mn Digital Metal buyout

Markforged, a manufacturer of metal and carbon fiber products known for its Digital Forge platform, has announced that it had acquired Digital Metal to broaden its selection of metal-parts manufacturing equipment. Digital Metal was previ....

Coal India's capex grows 65% to USD 30.34 billion in June quarter

Coal India Ltd. (CIL) has reportedly ramped up its capital expenditure (capex) by 64.8% to USD 30.34 billion in the June quarter of 2022-2023 from USD 18.41 billion in the previous year. This was primarily due to improved spending on land a....

MarketWolf bags USD 10 million in funding to expand its product suite

The latest fundraising was spearheaded by Jungle Ventures as well as Dream Capital. MarketWolf has managed to raise USD 17.4 million in funding to date. MarketWolf, a stock trading platform, has reportedly secured USD 10 million i....

Iron Pillar seeking USD 400 million to empower tech startups in India

An investment company that is known to back tech startups, Iron Pillar, is reportedly looking to raise around USD 400 million to help boost the startup ecosystem in India. The venture capital firm is already in advanced deliberations with l....