Category: Headlines
NXP Semiconductors chooses Amazon Web Services as its cloud partner
Author: Hrishikesh Kadam

img/headlines/nxp-semiconductors-chooses-amazon-web-services-as-its-cloud-partner.jpg NXP Semiconductors N.V. has reportedly chosen Amazon Web Services (AWS) as its preferred cloud provider. As part of this move, the specialized semiconductor manufacturer is shifting the...

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Tata Motors likely to raise USD 1 billion for its passenger EV business
Author: Pankaj Singh

img/headlines/tata-motors-likely-to-raise-usd-1-billion-for-its-passenger-ev-business.jpg Shares of Tata Motors rose by around 10% as the auto major is likely to raise USD 1 billion for its passenger electric vehicle business from TPG Rise Climate, taking the company’s...

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Mercedes-Benz accelerates China push with new research & design center
Author: Pankaj Singh

img/headlines/mercedes-benz-accelerates-china-push-with-new-research-design-center.jpg Mercedes-Benz AG is reportedly investing more funds to enhance its research and design capabilities in China to stay ahead of consumer trends and regulations in the world’s larges...

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Samsung could record highest quarterly profit amid rising chip prices
Author: Pankaj Singh

img/headlines/samsung-could-record-highest-quarterly-profit-amid-rising-chip-prices.jpg The company’s operating profit has reached USD 14 billion in Q3 2021. Samsung’s revenues grew by 11% to USD 62.62 billion. Samsung Electronics Co. Ltd is likely to repo...

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Toyota surpasses GM in U.S. car sales for the first nine months of 2021
Author: Shikha Sinha

img/headlines/toyota-surpasses-gm-in-us-car-sales-for-the-first-nine-months-of-2021.jpg Toyota Motor Corp. has reportedly outsold General Motors in the U.S. for the first nine months this year as the Detroit-based automaker experiences manufacturing issues stemming from th...

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Merck to acquire Acceleron and its sotatercept treatment for $11.5Bn
Author: Hrishikesh Kadam

img/headlines/merck-to-acquire-acceleron-and-its-sotatercept-treatment-for-11-5bn.png Merck, a German science and technology company, has recently announced plans to invest over $11.5 billion to acquire Acceleron Pharma and its potential high blood pressure treatment, so...

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AstraZeneca to acquire Caelum Biosciences in USD 500 million deal
Author: Hrishikesh Kadam

img/headlines/astrazeneca-to-acquire-caelum-biosciences-in-usd-500-million-deal-1.jpg Pharmaceutical major AstraZeneca plc will reportedly acquire Caelum Biosciences in a potential USD 500 million deal to further expand its rare disease drug division. The latest deal al...

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Geely likely to set up 5000 battery swapping stations globally by 2025
Author: Pankaj Singh

img/headlines/geely-likely-to-set-up-5000-battery-swapping-stations-globally-by-2025.png The news comes after E-ENERGEE displayed its core technical components as well as solutions during a Beijing event. Geely’s tech unit has been making heavy investments in batt...

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Freshworks’ valuation jumps to USD 10 billion in stock market debut
Author: Pankaj Singh

img/headlines/freshworks-valuation-jumps-to-usd-10-billion-in-stock-market-debut.png Freshworks set its initial public offering (IPO) at USD 36 per share, bolstering its IPO share price for the second time in the last week and pulling its total valuation over USD 10 bil...

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U.S. to investigate 30 million vehicles over defective airbag inflators
Author: Pankaj Singh

img/headlines/us-to-investigate-30-million-vehicles-over-defective-airbag-inflators.jpg The United States has reportedly opened a probe on nearly 30 million vehicles produced by various well-known automakers over faulty Takata airbag inflators. As per reliable sources, th...

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