Issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales, China’s central bank has asked issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales and declared that initial coin offerings are illegal. Following this, bitcoin tumbled the most since July. It will strictly punish…
The deal is significant since it will allow United Technologies Corp to negotiate better rates with Airbus and Boeing for airplane components. In a significant development United Technologies Corp, an aerospace supplier has agreed to acquire avionics and interiors maker Rockwell Collins Inc for $30 billion. The deal marks the creation of the world’s largest…
The two previous attempts at a mergers were unsuccessful due to its sheer complexity. This time with Schneider Electric separating its software business ahead of the merger proved instrumental in signing the deal. On Tuesday, Britain-based Aveva Group disclosed that it has agreed to be acquired by France-based Schneider Electric’s software business and in the…
Application for a U.S. initial public offering was filed by Roku Inc., the maker of devices and software for streaming video that was an early challenger to traditional home-entertainment providers. Noting that the proposed value of the offering is a placeholder used to calculate fees and will probably change, the company listed an initial offering…
For its 90 million motorbike and scooter riders, Vietnam wants to design and make cars. aiming to roll out the first car in 24 months, plans to invest up to $3.5 billion to set up a manufacturing and research and development complex, were announced by the country’s largest real-estate company Vingroup JSC. Vingroup Vice Chairwoman Le…
This is likely to be a huge opportunity for private players, including MNCs, to help modernise Israel’s infrastructure. In a significant development, Israeli Prime Minister Benjamin Netanyahu has disclosed at the start of Israel’s weekly cabinet meeting, that he would soon unveil a multi-year infrastructure spending plan worth more than $28 billion The planned projects…
Samsung is part of a huge conglomerate that manufactures a wide range of products starting from car audio, connected-car technologies, washing machines, smartphones, to heavy machinery. On Thursday, in a significant development, Samsung Electronics Co Ltd disclosed that it has received a permit to test self-driving vehicles in California. The news marks the entry of…
With the growing global trend of a cashless economy, the payments processing business has seen a a flurry of M&A. The Financial Times has reported citing sources close to the discussion that Hellman & Friedman, a U.S. private equity firm, is the front runner in the race to acquire Nets, Scandinavia’s largest payments processor. The…
Potentially paving the way for augmented reality, gaming and 3-D printing applications, Sony launched two new smartphones on Thursday that can capture 3-D. The Japanese electronics giant’s latest devices launched into the increasingly competitive market are the 5.2-inch Xperia XZ1 and 4.6-inch XZ1 compact. Apple’s latest iPhone models are expected to come soon and these…
Although Siemens entry into the self-driving vehicle industry has been as recent as early this year, it has been quick to consolidate its position. In a significant development, German industrial giant Siemens has agreed to acquire Tass International, a company which specializes in developing self-driving software, for an undisclosed sum. The move will its automotive…
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