Technology
Retail giant Walmart has recently announced it would soon introduce hundreds of robot janitors for cleaning its stores, with the company further stating that it anticipates having 360 active ‘Auto-C’ robots by the end of Jan 2019 across its outlets. The robots apparently look like …
Manufacturing & Construction
Mainboard-listed Nico Steel Holdings Ltd., has recently posted new orders of over 22 tons of aluminum alloy materials per month for two of its clients. Reportedly, the aluminum alloy materials that Nico Steel will be supplying to these two customers will require customizations to match …
Consumer Goods
Renowned company Hindustan Unilever (HUL) has announced that it would be encompassing GlaxoSmithKline (GSK) Consumer within its umbrella in an agreement worth approximately INR 31,700 crore. Apparently, this has been touted to be the largest consumer goods deal in the country – an all-equity merger one, …
Food & Beverages
GrainCorp, the bulk grain handler with headquarters in Sydney, Australia, has recently received a A$2.38 billion (approx. US$1.8 billion) acquisition bid from Long-Term Asset Partners, an asset manager for a trust whose beneficiaries are investors from Australia. The entity is apparently a new group and …
Chemicals & Materials
Global private equity investment firm, H.I.G. Capital, LLC, has recently announced that its portfolio firm, Vantage Specialty Chemicals Holdings, Inc., a leading provider of natural based specialty ingredients, has inked a definitive agreement to acquire renowned industrial surfactant manufacturer, LEUNA-Tenside GmbH (LTG). Reportedly, LTG manufactures …
Consumer Goods
U.S. discount footwear retailer, Payless ShoeSource Inc. recently initiated a marketing campaign to see how much fashion influencers would pay to buy high-end shoes. Sources close to the matter cite that the retailers, as a part of the experiment, took over a former Armani store, …
Power & Energy
U.S. oil and gas exploration and production company, Murphy Oil is reportedly willing to sell its Malaysian oil and gas assets. As per sources familiar with the matter, the discussions resumed post an unsolicited bid that may fetch between USD 2 billion to USD 3 …
Manufacturing & Construction
Indian mining conglomerate, Adani has recently announced plans to self-fund its Carmichael coal mine and rail project in Australia. The move aims to overcome the mine’s prior failure to live up to its economic promises. The Financial Express reports Lucas Dow, CEO, Adani Mining, to …
Manufacturing & Construction
BMW AG, a renowned German automobile company, has reportedly announced that it is contemplating to build a second manufacturing plant in the U.S. that may be used to manufacture vehicle engines & transmissions. Reports cite, the announcement comes shortly after it was reported that the …