Its solid state powered EVs are slated to hit the market in Japan in 2022. According to the Chunichi Shimbun daily, Japanese giant Toyota Motor Corp is working on an electric vehicle that will be powered by a new type of battery, which will significantly increase the vehicle’s driving range and reduce its charging time.…
With fund managers looking to hold financial instruments that aren’t correlated with equities, LedgerX’s platform to act as a clearing house for collateralized digital currency swaps, meet investor’s demands. In a major milestone in the history of bitcoins, New York-based LedgerX, a bitcoin options exchange, has received license to clear and settle derivatives for digital…
Flavio Cattaneo, Vivendi’s former MD, is set to leave the company earlier than planned. Italian news daily La Repubblica has reported that one of the reasons Flavio Cattaneo, CEO of Telecom Italia, fell out with the top shareholder of Vivendi because the French company planned on appointing a managing director at his side. As per…
The deal will bring a host of medical websites under KKR’s umbrella. According to sources familiar with the matter at hand, KKR & Co LLP, a private equity firm is close to an all-cash deal to acquire U.S. online health publisher, WebMD Health Corp. If it succeeds in pushing through the deal, it would…
Old models are giving way to new ones. VCs are increasingly finding themselves not s relevant as before. They however are adapting. With U.S. venture capital companies lining up to grab a slice of the burgeoning digital currencies market, in a weird twist of fate, that market itself is grappling with a novel challenge –…
The siding is just pressure tactics in a battle of who will blink first. In a significant development a group representing major technology companies has sided with Apple in its legal dispute with Qualcomm. The industry body has called on regulators to reject Qualcomm’s bid to ban the import of iPhones. The lobby group representing…
Apple’s iPhone 9 is slated to be launched in 2018. On Friday, a Korean newspaper reported South Korean firm LG Chem, in an exclusive deal, is slated to provide batteries to Apple’s next flagship, iPhone 9, which is likely to be launched in 2018. The South Korea Economic Daily has reported citing an anonymous industry…
Spark is being seen as a cross between Pinterest and Instagram with a bent for e-commerce. In a significant development, Amazon.com has forayed into the social media with the launch of Spark, a platform currently available only to Prime members, wherein they can upload photos and videos much like other popular social media platforms, including…
This is significant since GE is aiming to develop next generation thermal power technology and control systems. As per a statement from the Pentagon, General Electric Co has been awarded a defense contract worth up to $409 million. The contract is for developing next-generation thermal power plants and control systems, as part of a government…
Britain is likely to see an increase in the number of Payment Service Providers in 2018. In a move designed to boost the growth of fintech companies, Britain’s central bank, the Bank of England has widened access to Britain’s interbank payments system to new fintech firms, an area that was previously dominated by the “Big…
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