L&T Technology Services, a subsidiary of Larsen & Toubro (L&T), will support the European aerospace corporation Airbus in core verticals and technology areas for the latter’s ongoing commercial and innovation programs. Under a multi-year contract, L&T Technology Services will provide advanced engineering capabilities and digital manufacturing services to Airbus. L&T Technology Services’ engineers will support […]
India-based Sun Pharmaceutical Industries (Sun Pharma) will acquire US-based Concert Pharmaceuticals for equity consideration of $576 million to strengthen its global dermatology franchise. Concert Pharmaceuticals is developing deuruxolitinib, a novel, deuterated, oral Janus kinases JAK1/2 inhibitor for the treatment of Alopecia Areata, an autoimmune dermatological disease resulting in partial or complete loss of hair on […]
Whirlpool Corporation has signed a definitive contribution agreement with Turkish multinational household appliances manufacturer Arçelik to create a European major domestic appliance (MDA) platform. The proposed major domestic appliance platform anticipates to have combined sales of more than €6bn and generate more than €200 million of cost synergies. Under the agreement, Arcelik will hold a […]
The Abu Dhabi National Oil Company (ADNOC) has collaborated with thyssenkrupp Uhde, a Germany-based subsidiary of thyssenkrupp Group, to create new markets for clean hydrogen and encourage global clean energy value chains. The partnership will develop large-scale ammonia cracking facilities with thyssenkrupp uhde reformer technology to extract hydrogen from ammonia after transportation. The agreement will […]
The Indian state of Maharashtra has entered into a strategic energy partnership with Gogoro and Belrise Industries to create a battery swapping infrastructure. The 50-50 partnership will invest around $2.5 billion over eight years to construct smart energy infrastructure across Maharashtra. The partnership also anticipates to encourage electric vehicle production and assembly in the state. […]
Heritage Minerals will receive AUD 66 million ($46 million) loan from the Northern Australia Infrastructure Facility (NAIF) to revive the Mount Morgan gold mine, which is an abandoned gold mine in Central Queensland. The mining technology company anticipates to use the funds to rehabilitate the Mount Morgan gold mine site by building a tailings processing […]
WhiteHawk Energy will acquire certain natural gas mineral and royalty assets mainly located in the Haynesville Shale in northwestern Louisiana for a consideration of up to $105 million. The Haynesville Shale assets are said to align with WhiteHawk Energy’s current natural gas mineral and royalty assets. WhiteHawk Energy will own mineral and royalty assets covering […]
German chemical company BASF will expand the capacity of polymer dispersions at its manufacturing facility in Merak, Indonesia, to meet the demand for high-quality packaging in ASEAN. The new expansion is anticipated to help BASF offer additional styrene-butadiene dispersions to new paper mills looking to increase their capacities in Southeast Asia and Oceania. Bir Darbar […]
Indian HR tech unicorn Darwinbox has secured an equity investment from Microsoft to develop advanced technologies focused on the human capital management (HCM) space. The financial terms of the transaction have not been disclosed. Under the product and engineering collaboration, Darwinbox will adopt Microsoft Azure for improving its HCM SaaS platform. DarwinBox and Microsoft will […]
British retail company Marks & Spencer (M&S) will invest approximately £480 million in bigger, better stores across the UK as part of its five-year Store Rotation Programme. The investment is expected to help Marks & Spencer establish itself as a major omnichannel retailer in the UK and provide new employment opportunities to more than 3,400 […]