DuPont (US), one of the largest players in the probiotics business, opened a new state-of-the-art probiotics fermentation unit in its New York facility on the 15th of July 2019. The company undertook this expansion to expand its probiotics capacity. The facility provides high-quality probiotics to cater to the demand from the dietary supplements and food… Continue reading Dupont to take the lead in the Probiotics Industry by setting up a new Probiotics Fermentation Facility in New York
Apple Buys Self-Driving Start-Up Drive.AI to Bolster Project Titan
On 26th June 2019, Apple acquired Drive.ai—a self-driving start-up—in a move that is expected to give a massive thrust to its autonomous vehicle technology. While the acquisition terms were not made public, it is believed that Apple acquired the struggling start-up for less than USD 77 million. The acquisition bolsters Apple’s autonomous vehicle initiative—Project Titan—and… Continue reading Apple Buys Self-Driving Start-Up Drive.AI to Bolster Project Titan
In July 2019, Rheinmetall AG and BAE Systems plc created a joint venture with an aim to manufacture Boxer multirole fighting vehicles for the UK.
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Tesla Plans Long-haul Electric Planes
In July 2019, Tesla CEO Elon Musk discussed the potential of electric airplanes. According to Musk, these planes could be viable in about five years.
Karro Food Group (UK) Acquired Young’s Seafood Limited to Explore Multi-protein Food Groups
Karro Food Group, a subsidiary of the UK-based CapVest Partners, is a meat processor that has agreed to acquire Young’s Seafood Ltd. with the aim to create a new multi-protein food group.
Arkema completes the acquisition of ArrMaz: A strategic deal in a series of bolt-on acquisition for revenue growth, higher profit margins, and future revenue shifts
French specialty chemicals company, Arkema has completed the acquisition of ArrMaz, a global leader in specialty surfactants for crop nutrition, mining chemicals, and infrastructure.
PPG Completes the Acquisition of Automotive Coatings Manufacturer, Hemmelrath
In April 2019, PPG completed the acquisition of Hemmelrath, an automotive coatings manufacturer.
GST on Electric Vehicles Reduced to 5%, Tax Benefits Up to Rs. 1.5 Lakh on EV Loan: India Union Budget 2019
To promote EVs in India on a larger scale, the Indian government in its Union budget today (5th July 2019) announced a reduction in GST from 12% to 5% for the electric vehicles sold in India. To make EVs more affordable for Indian consumers, the Indian government will also provide an additional income tax deduction… Continue reading GST on Electric Vehicles Reduced to 5%, Tax Benefits Up to Rs. 1.5 Lakh on EV Loan: India Union Budget 2019
Smith & Nephew completes acquisition of Atracsys Sàrl, a Swiss Optical tracking technology provider
Smith & Nephew has been a major player in orthopedics & sports medicine. They pioneered advanced wound care products. However, evolving market trends relating to revenue sources of its clients (i.e. hospitals, trauma centers, & orthopedic clinics) as well as changing healthcare dynamics has provided them with unique opportunity to expand into adjacent market segments… Continue reading Smith & Nephew completes acquisition of Atracsys Sàrl, a Swiss Optical tracking technology provider
Boeing to Collaborate with Kitty Hawk in Strategic Partnership
In June 2019, the Boeing Company and Kitty Hawk Corporation entered into a strategic partnership to work on futuristic urban air mobility.