Power & Energy
Southeast Asia’s East Timor has recently agreed to acquire Royal Dutch Shell’s Greater Sunrise natural gas fields stakes for $300 million, moving closer to its ambition of owning an LNG facility. Sources close to the deal suggest that the agreement for Shell’s 26.56% stake in …
Life Sciences
Danish pharmaceutical firm LEO Pharma has reportedly announced a strategic development and commercialization partnership with the California-based PellePharm to advance research of therapies utilized to treat rare skin disorders. As per the terms of the deal, LEO Pharma would initially commit USD 70 million, consisting …
Power & Energy
Reports confirm that NTPC, the largest electricity producer in India, has its eye on distressed power plants run by Jaiprakash Power Ventures and RattanIndia Power. NTPC is apparently set to carry out an internal assessment of the plants of RattanIndia at Amravati and Nashik in …
Technology
Mastercard Inc., a renowned multinational financial services firm, has reportedly announced that it is partnering with the National Association of Saving and Credit Unions (NASCU), a Zambian financial cooperatives organization, to launch a secure payment system. Reports cite, the partnership aims to automate & streamline …
Technology
Tencent Holdings, the largest game publisher in China, has reportedly entered into a collaboration with Sea, a Singapore-based gaming and e-commerce giant in a bid to publish game titles in Southeast Asia. The move comes on the heels of the stalled growth in the gaming …
Consumer Goods
Xiaomi Corporation, a renowned Chinese consumer electronics company, has reportedly announced that it has launched over 500 Xiaomi retail stores in a number of rural provinces in India within a 24-hour period. Reports cite, this incredible achievement has set a new record and has made …
Consumer Goods
U.S. retail giant, Kroger has recently announced plans to collaborate with the British online supermarket, Ocado to build their first automated robot warehouse in Monroe, Ohio. As per trusted sources, the $55 million warehouse will be used as a customer fulfillment center (CFC) and would …
Manufacturing & Construction
JSW Steel reportedly plans to invest more Rs. 5,000 crore towards strengthening its downstream production capabilities along with pursuing stressed downstream assets which would come up in the next round of bidding. Apparently, the company is also reducing its focus on the commodity steel space …
Power & Energy
Under a 51 percent joint venture, Golden Energy and Resources (GEAR) has reportedly executed an off-market takeover bid for Stanmore Coal, an Australian-listed mining company. Reportedly, GEAR will be acquiring a 19.9 percent stake in Stanmore Coal for $47.6 million. GEAR stated that Australia-based Golden …