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starbucks selling fermented tea kombucha
Food & Beverages

Starbucks will be selling fermented tea Kombucha to its customers

Ojaswita Kutepatil August 13, 2018
The coffee giant Starbucks has reportedly announced that it is going to venture into the flourishing fermented tea business. It has already started shipping Kombucha in six variants – under the juice brand Evolution, to grocers and retailers in a few selected cities. For the …
ontario power generation buys eagle creek
Power & Energy

Ontario Power Generation buys U.S. based Eagle Creek Renewable Energy

Paroma Bhattacharya August 13, 2018
Ontario Power Generation, the government owned power company of Ontario, Canada, announced the purchase of Eagle Creek Renewable Energy, a New Jersey based energy company, thus making its foray for the first time outside the province. The deal has been finalized at $388 million and …
uber turns flying cabs reality
Technology

Uber turns flying cabs into reality, ties up with UT Austin & U.S. ARL

Paroma Bhattacharya August 13, 2018
Uber Technologies Inc. has reportedly announced to have partnered with the University of Texas at Austin and the U.S. Army Research Lab to develop new rotor technology for vehicles that would be used in its proposed air transport network, UberAIR cabs. As per trusted sources, …
ikea forays india market
Consumer Goods

IKEA forays into India market, launches first store in Hyderabad

Paroma Bhattacharya August 13, 2018
IKEA, the world’s largest furniture retailer, has finally stormed through all the difficulties it faced while coming to India. It has reportedly launched its first store in Hyderabad and is expected to commence operations from August 9. As quoted by the Economic Times, the store …
kroger sale turkey hill heels downgraded rating
Food & Beverages

Kroger considers sale of Turkey Hill on the heels of downgraded rating

Paroma Bhattacharya August 13, 2018
Kroger, one of the largest supermarket chains of the U.S., recently announced that it is contemplating the sale of its Turkey Hill manufacturing unit in Conestoga, Pennsylvania. The decision plausibly follows on the grounds of the company’s struggle to trim its businesses to convince the …
indian oil buys us crude oil cargoes
Power & Energy

Indian Oil buys U.S. crude, looks to replace Iranian oil cargoes

Paroma Bhattacharya August 10, 2018
Indian Oil Corporation, popularly known as IndianOil has reportedly purchased around 6 million barrels of U.S. crude oil following its search for replacements for Iranian oil. Sources suggest that the biggest Indian refiner has concluded the purchase and expects U.S. crude oil barrels to be …
rite aid gives nod terminate albertsons
Others

Rite Aid gives the nod to terminate its agreement with Albertsons

Paroma Bhattacharya August 10, 2018
Rite Aid Corporation, a leading drugstore chain and Albertsons, a grocery seller, have reportedly announced the termination of their merger agreement soon after the disclosure of shareholder votes over the deal. Sources claim that the decision to terminate the merger was taken after both the …

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