Consumer Goods
If the company follows through, this could be the first instance where a fast-moving consumer goods firm would move court against the NAA. The backlash from the company comes after a lot of back and forth between the NAA and the FMCG giant over allegations …
Manufacturing & Construction
Metrospaces Inc., a real estate investment firm based in the U.S., has reportedly inked a binding JV agreement with the LBCC Group, a private equity firm based in the Czech Republic, Europe, for acquiring a lucrative, licensed cannabis facility in California. According to sources familiar …
Power & Energy
The Russian Direct Investment Fund (RDIF), a sovereign wealth fund of Russia, has reportedly announced that it has finalized the main terms of the deal on Novomet, an oilfield service firm based in Russia, with its Saudi partners. Reports cite, the announcement was exclusively made …
Technology
Civil Aviation Safety Authority of Australia aims to introduce new surveillance equipment across major airports. The equipment would be able to identify the drone’s serial number as well as pinpoint its operator’s location mid-flight. The Civil Aviation Safety Authority of Australia (CASA) has reportedly announced …
Power & Energy
The Nigerian petroleum industry major SPDC (Shell Petroleum Development Company Ltd.) has recently made it to the front page for announcing an FID (Final Investment Decision) on the Assa North Gas Development Project in the Nigerian state of Imo. Apparently, the project is intended for …
Food & Beverages
Beverage giant Coca-Cola has reportedly hit the headlines for acquiring a minority stake in Iris Nova, the company that owns functional beverage brand Dirty Lemon, resulting in a $15 million round. As per trusted sources, Coca-Cola is presently Dirty Lemon’s largest investor. Reportedly, the beverage …
Consumer Goods
In a recent turn of events, Swiggy, the Indian food delivery giant, has reportedly concluded a USD 1 billion funding round, conducted by present investor Nasper. According to sources familiar with the development, this move would provide Swiggy an edge over over competition, giving it …
Manufacturing & Construction
Reports indicate that Sennheiser India, the Indian arm of the Germany based audio company Sennheiser, is considering establishing a production facility in the country. It has apparently received an invite from Telangana government to set up a factory in the state. Director (Professional Segment) of …
Technology
The company introduced its new F570 gaming laptop along with the thinner & lightweight VivoBook 15 (X505). The gaming laptops incorporate AMD’s latest Ryzen 5 processor with 8GB DDR4 memory & Radeon™ Vega 8 GPU. AsusTek Computer Inc., (ASUS), a Taiwanese multinational phone, computer hardware …