Intellect Design Arena under its artificial intelligence (AI) products suite IntellectAI has launched iESG, an intelligent data sourcing solution. According to the Indian software company, iESG is designed for financial institutions looking to integrate ESG intelligence into their business processes to handle their environmental, social, and governance (ESG) risks. Powered by AI, the intelligent data […]
Dabur India has agreed to purchase a 51% stake in Badshah Masala, an Indian spice company, to foray into the more than INR 25,000 crores branded spices and seasoning market in India. The acquisition valued at INR 587.52 crores also forms part of Dabur India’s plans to expand into new adjacent segments and increase its […]
Hero MotoCorp, an Indian multinational motorcycle and scooter manufacturer, has partnered with Terrafirma Motors (TMC), a part of the Columbian Group of Companies, to foray into the Southeast-Asian market. As part of the partnership and its expansion plans, Hero MotoCorp will commence its operations in the Philippines, launching its motorcycles in the archipelagic country. Terrafirma […]
Kioxia, a Japanese computer memory manufacturer, and Western Digital, an American computer hard disk drive manufacturer and data storage company, have opened a new semiconductor fab in Yokkaichi in Mie Prefecture, Japan. Dubbed Fab7, the new semiconductor fabrication facility in Yokkaichi, will produce sixth-generation, 162-layer flash memory and future advanced 3D flash memory and will […]
Marriott International has signed a management agreement with Grupo Puntacana and MAC Hotels for the construction of the W All-Inclusive Punta Cana in Uvero Alto in the Dominican Republic. W All-Inclusive Punta Cana Uvero Alto will be an adults-only all-inclusive luxury property and will consist of 349 guest rooms with balconies and plunge pools, as […]
ManyPets, a London-based pet health and insurtech company, has acquired US-based carrier Digital Edge Insurance Company from Munich Re Digital Partners US Holding to extend its capabilities in the US. The financial terms of the deal were not disclosed. Digital Edge Insurance acquisition follows ManyPets’ rollout in the US market and expansion to 40 states […]
Nutrabolt has launched XTEND Healthy Hydration, a new on-the-go electrolyte supplement, marking the XTEND brand’s entry into the aggressive premium hydration market. XTEND Healthy Hydration is claimed to be a rich source of D & B Vitamins as per the US-based health and wellness company and is available in Lemon Lime, Raspberry Lemonade, and Strawberry […]
Vesttoo, an Israel-based alternative reinsurance and investment platform, has closed an $80 million Series C financing round, valuing the company at $1 billion. The insurance risk transfer platform will use the proceeds from the round to further advance its global presence, improve its AI-based marketplace platform and extend its offering to insurers and investors. The […]
Astellas Pharma has signed an agreement to acquire a 15% stake in US-based biotech company Taysha GeneTherapies through an investment of $50 million. As part of the transaction, the Japanese pharmaceutical company will get an exclusive option to license Taysha GeneTherapies’ TSHA-102 and TSHA-120, two clinical-stage, single-gene therapies for rare genetic diseases. TSHA-102 is a […]
W.A.G payment solutions, trading as Eurowag, has entered into an agreement with INNOVA/6 SCA SICAV-RAIF, European Telematics Holding, and some other vendors to acquire Grupa Inelo (Inelo), a fleet management solutions and work time management provider in Poland and Slovenia, for up to €306 million. Through the acquisition of Inelo, Eurowag, a pan-European integrated payments […]