Friday, January, 28, 2022 10:40:50

Contribution By Akshay Kedari


HPCL invests in Tranzmeo’s AI-powered product via pre-seed funding

Kerala-based ‘Nasscom 10,0000’ raised startup, Tranzmeo has reportedly secured an unrevealed investment in the pre-seed funding round from HPCL (Hindustan Petroleum Corporation Ltd) to back its artificial intelligence-based product known as T-connect OneView. According to Sanjay Kumar, Chief of General Business Development at Hindustan Petroleum …

Ant Financial in talks to acquire WorldFirst in a £500m bid

Ant Financial, a fintech company affiliated to Alibaba, the biggest internet company in China, is reportedly in talks to acquire WorldFirst, a currency exchange start-up in UK, for about $700m (£550m). Reliable sources stated that Ant Financial, partly owned by Alibaba, had been in discussions …

HFCL secures L&T’s metro rail project contracts in Dhaka and Mauritius

The India-based telecommunications infrastructure provider HFCL (Himachal Futuristic Communications Ltd) has reportedly won L&T metro rail project contracts worth Rs. 148 crore. Apparently, HFCL will lay the telecom systems for Dhaka and Mauritius metro rail projects. According to sources familiar with the matter, the proposed …

AB InBev enters the cannabis industry in partnership with Tilray Inc.

Belgium-based multinational brewing company Anheuser-Busch InBev (AB InBev) has reportedly joined the cannabis industry through a research collaboration with Tilray Inc., a pharmaceutical and cannabis company based in Canada. As per reliable sources, the two companies will conduct a collaborative research into cannabis-infused, non-alcoholic beverages. …

Samsung to shut down a mobile phone manufacturing unit in Tianjin

Samsung witnesses drastic fall in market share in the Chinese market amid rising competition by home-grown brands  For now, Samsung will only shut Tianjin facility but will continue the operations at Huizhou facility Samsung Electronics has reportedly made it to the headlines post its declaration …