About Author : Hrishikesh Kadam

Hrishikesh Kadam

A graduate in electronics and telecommunication engineering, Hrishikesh Kadam has always found writing fascinating. Driven by a never-ending passion for content creation combined with a bit of experience in writing personal blogs, Hrishikesh blends his technical knowledge and expertise to pen down articles for Business NewsUpdate and similar news portals.



Contribution by Hrishikesh Kadam

Accenture snaps up Icon Integration to boost SAP, BI capabilities

Leading professional services company Accenture has made several acquisitions in Australia over the past 12 months. Following the acquisitions of tech firm BCT Solutions in June, big data and analytics company Analytics8 in August, and specialist go...

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Google completes $2.6B acquisition of data analytics startup Looker

It appears that Google is racing to catch up with Microsoft Azure and Amazon Web Services (AWS). The search engine giant has reportedly closed the $2.6 billion acquisition of data analytics startup Looker. Looker is now officially part of the Google ...

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Siemens Gamesa secures 205MW Canadian order from Suncor Energy

Renewable deployment has garnered unprecedented momentum over the years and sustainable technologies are rapidly becoming a mainstream option in the power sector. Canadian energy giant Suncor is reportedly collaborating with wind energy OEM Siemens ...

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U.S. District judge to reportedly clear $26.5B T-Mobile-Sprint merger

T-Mobile, the third-largest wireless carrier by subscribers in the U.S., has been awaiting a decision from a federal judge regarding its $26.5 billion megamerger with Sprint. The wait for Sprint and T-Mobile could soon be over. According to recent r...

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Dahua USA to launch SMD-powered 5MP IP camera for its Lite Series

Dahua Technology USA Inc, a leading provider of video surveillance products and services, has reportedly unveiled a new range 5MP IP cameras for its cost-effective Lite Series. The new cameras are apparently equipped with smart motion detection (SMD)...

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Bombardier to double its London Biggin Hill service center capacity

Airlines are now spending more on aircraft maintenance than on crew and fuel expenses. Expansion of maintenance, repair and overhaul (MRO) service centers has been a key consolidation strategy within the aviation industry. Canadian aircraft manufact...

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Tesla shares skyrocket as it confirms battery supply deal with CATL

China, the world’s largest auto market, is charging full speed ahead into electric vehicles. With Chinese citizens increasingly preferring electric mobility over traditional combustion vehicles, auto giants worldwide are apparently eyeing a spo...

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LLamasoft unveils llama.ai, an AI-based smart decision making platform

In today’s ‘never normal’ business environment, staying on top requires a dramatically different approach to tackling challenges and making decisions smarter and faster. Conventional supply chain planning and execution systems have ...

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UK to agree on restricted 5G role for Huawei, to impose market cap

China is apparently pushing ahead aggressively with the rollout of 5G networks in the UK. Chinese telecom major Huawei is currently being considered as one of the strongest contenders, with Nokia, Ericsson, and ZTE as competitors. According to lates...

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Apple inks multi-year chip supply deal worth $15B with Broadcom

iPhone maker Apple is expected to launch a range of 5G-compatible products in the near future. This promises to provide firms who design wireless components an excellent opportunity to gain new business and supply components that are compatible with ...

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BAE Systems buys military GPS, radio businesses from US defense firms

Technologies such as GPS and tactical radios are increasingly gaining prominence in modern warfare and play a critical role in countless military operations. British aerospace & defense contractor BAE Systems is reportedly buying Collins Aerospa...

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Huawei to use TomTom’s location services on future smartphones

Huawei’s dispute with the U.S. government has apparently forced the Chinese smartphone giant to explore alternatives. Reportedly, the company has inked a deal with Netherland’s TomTom to supply location services for Huawei’s OS dep...

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Samsung aims to advance U.S. 5G plans with TeleWorld acquisition

South Korean tech giant Samsung Electronics Co., Ltd. has reportedly sealed a deal to take over Chantilly, Virginia-headquartered network service provider TeleWorld Solutions (TWS). With 5G deployment and 4G LTE enhancements advancing across the U.S....

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Rockwell Automation bags Israel’s Avnet to boost cybersecurity efforts

The manufacturing industry has evolved rapidly over the years and become more connected than ever before. Consequently, legacy physical security solutions are no longer sufficient enough to protect manufacturing operations. Cybersecurity leaders arou...

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Alexa voice assistant tech is coming to Lamborghini and Rivian cars

American ecommerce major Amazon has partnered with numerous automakers in recent times to incorporate Alexa’s voice assistant technology into vehicles. Reportedly, the tech giant is now partnering with Italian luxury sports car maker Lamborghin...

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Tesla to deliver locally-made Model 3s to Chinese customers from Jan 7

Silicon Valley automaker Tesla has recently declared plans to start deliveries of its China-made Model 3 sedans to the country’s public on January 7, 2020 at an event at its Shanghai-based plant. With this announcement, it appears that the Ame...

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Razer-led consortium seeks full digital banking license in Singapore

South East Asia’s digital lending market is booming as digital payment firms continue to target younger consumers who extensively use smartphones to play, text, and stream videos and music. These brands are apparently aiming to offer faster ser...

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Vodafone Hutchison Australia, Nokia to roll out Australian 5G network

The highly-anticipated fifth-generation of mobile networks promises to transform the way businesses share data and make transactions. The technology is expected to fuel advancements in smart homes, smart cities, smart manufacturing, and 5G-based IoT ...

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Halo inks deal with Precisa, to acquire CBD dosing technology Accu-Dab

Cannabis extraction company Halo Labs Inc. has reportedly inked a definitive agreement with Precisa Medical Instruments Corp. As per the agreement, the company will acquire all of Precisa’s common shares for CAD 3,750,000 in Halo common shares ...

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Tencent START cloud gaming platform to be boosted by NVIDIA’s GPU

Cloud gaming has created significant buzz within the entertainment business, and it is taking the video game industry by storm. Leading video game developers are adopting collaboration strategies to introduce new cloud-based gaming services and platf...

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Fiat Chrysler and PSA Peugeot to reportedly unveil 50-50 merger MoU

Italian-American automotive giant Fiat Chrysler Automobiles (FCA) and French automaker PSA Peugeot are reportedly in talks to unveil a merger memorandum of understanding on Wednesday. The merger, which was announced by the two companies earlier in O...

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Telefonica Deutschland appoints Huawei to help build German 5G network

5G mobile communication network, which promises super-fast data speeds along with building a foundation for smart homes, smart cities and smart spaces, is anticipated to be in place around major parts of the world in the near future. Telecom service ...

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Panasonic unveils tempered vacuum insulated glass technology

Electronics major Panasonic Corporation is seemingly looking to make a mark in the vacuum insulated glass industry, after it entered the sector in 2017. The company has recently developed tempered vacuum insulated glass and another variant of the gla...

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Guru IoT presents PEDDY, a smart robotic companion for pets

Robotics is a rapidly and constantly evolving space. The deployment of robots to achieve home automation has completely revolutionized the industry and will continue to transform human lives in countless ways. Domestic robots are now becoming increa...

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CCEP to test drive Einride’s autonomous cargo pods in Sweden

Swedish autonomous truck startup Einride is reportedly partnering with Coca-Cola European Partners (CCEP) to test its electric driverless cargo pods on Sweden’s roads. As part of a commercial pilot, the startup will deploy its autonomous electr...

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Ford to use McDonald’s coffee waste to make headlights and other parts

Ford has made a number of efforts in recent years to incorporate recycled materials in its cars: from using soy products to make seat cushions, to making wiring brackets using tomato skins, to designing bamboo-based interior console components and ma...

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Seedland launches China’s first UGV for residential communities

Seedland Group, one of China’s leading real estate companies, recently deployed Hachi Auto, an autonomous vehicles designed for residential communities, in its Guangzhou-based community Boston Ivy. Evidently, this makes Seedland the first compa...

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WuXi ATU and GeneMedicine partner to develop oncolytic virus products

Oncolytic viruses are an emerging class of immunotherapy agents that preferentially infect and destroy cancer cells. Leading biotechnology companies are focusing their attention on the development of oncolytic virus products. WuXi ATU Co., Ltd., a w...

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ACI and Salesforce to provide unified ecommerce solution on the cloud

The proliferation of ecommerce is providing merchants innovative opportunities to expand their businesses and drive revenue growth within and across borders. More and more businesses are moving their payment infrastructures to the cloud. An integrate...

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HP rejects Xerox’s takeover bid yet again, doubts Xerox’s viability

HP’s board of directors last week turned down Xerox’s takeover bid stressing that the deal would undervalue HP. Xerox had reportedly offered HP $22 per share (77% cash and 23% stock) for the company. HP seemingly believed that the deal wo...

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Senseonics’ Eversense® CGM system demonstrates promising performance

American biotech firm Senseonics Holdings, Inc. has recently published positive longitudinal performance of its Eversense® 90 and 180-day continuous glucose monitoring (CGM) system over multiple-sequential cycles in the peer-reviewed healthcare j...

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World’s first in-sensor perception system for autonomous cars is here

Self-driving cars still seem extremely futuristic. Their imminent debut is poised to reinvent the concept of driving. However, designing safe and reliable perception systems remains one of the trickiest challenges for automakers. AEye claims its lat...

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HP’s board turns down takeover bid from Xerox citing undervaluation

Hewlett Packard (HP) announced earlier this month that it received a takeover proposal from Xerox Holdings Corp, a potential deal that would reshape the industry. However, recent reports suggest that HP’s board of directors have rejected Xerox&...

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Wipro to collaborate with TIP to accelerate 5G adoption for enterprises

Excitement for the highly-anticipated 5G is building up. However, India’s wait for 5G could soon be over. Bangalore-based software giant Wipro is reportedly working within the Telecom Infra Project (TIP) to boost 5G adoption across the global t...

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Cray and Fujitsu team up to build A64FX Arm®-powered supercomputer

Exascale computing is here and the technology is poised to bring promising advances in many diverse fields. Tech giants are aware of the fact that whoever controls the future of supercomputing owns the world. That is why leading software and hardware...

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Google Cloud and Ascension to build data-driven healthcare solutions

In the eyes of tech giants such as Google, Apple, and Amazon, healthcare seemingly represents a massive business prospects. It’s no wonder these companies are exploring opportunities to lead healthcare innovation. Following Amazon’s purc...

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Macnica and Baraja partner to bring LiDAR technology to Japanese OEMs

Baraja Pty Ltd, a leading developer of LiDAR technology headquartered in Sydney, has reportedly inked a collaboration with Japanese tech firm Macnica, Inc. The companies reportedly intend to deliver Baraja’s proprietary Spectrum-Scan™ Li...

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Panasonic, IMT to mass produce microfluidic devices by glass molding

Conventional glass etching-based  microfluidic devices have been prominently used in sensing and analysis for environmental, medical and biological applications. However, poor precision and higher costs associated with the production of these de...

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Broadcom closes $10.7B deal to acquire Symantec’s enterprise business

San Jose, California-based chipmaker Broadcom had reportedly been in advanced talks with cybersecurity software provider Symantec for the acquisition of its Enterprise Security business. Following months of discussions, the two companies have finally...

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SmarTone partners with Sigma Systems to speed up digital innovations

Hong Kong-headquartered telco SmarTone has reportedly partnered with Sigma Systems, a leading provider of catalog-driven software solutions, to boost its digital transformation efforts. Apparently, SmarTone intends to leverage Sigma Systems’ s...

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Particle secures $40m funding to boost IoT technology adoption

San Francisco-based Internet of Things (IoT) platform, Particle, has reportedly secured $40 million during a Series C investment round, bringing its total funding raised to about $81 million. The latest round was led by Qualcomm Ventures and Energy I...

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Amazon confirms three major clean energy projects across the U.S., U.K.

Major investments in renewable energy by tech giants represent a critical step towards minimizing the global carbon footprint. Following Google’s announcement of its plans to make a global investment in sustainable energy, Amazon has recently a...

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Amazon buys another health startup to boost Amazon Care capabilities

Online shopping giant Amazon has recently announced its acquisition of healthcare startup Health Navigator. Apparently, this is just Amazon’s second purchase in the healthcare space following its acquisition of online pharmacy PillPack last yea...

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ADNOC, Adani-BASF to set up $4B chemical complex in Mundra, Gujarat

The Abu Dhabi National Oil Company (ADNOC) has reportedly partnered with the Adani Group as it seeks entry into the chemicals business. Earlier this year, Adani had teamed up with Germany’s BASF SE for the same. European chemical firm Borealis...

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SAS and Red Hat to deliver advanced hybrid cloud analytics solutions

SAS, a leading provider of analytics solutions, has reportedly extended its partnership with open-source technology developer Red Hat. Evidently, SAS will leverage its market leading analytics expertise to develop comprehensive hybrid cloud analytic...

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Porsche and Boeing to collaborate on “Premium” electric flying cars

The urban streets are gridlocked, with vehicles barely inching their way forward. With ground transportation in many cities stretched to the limit, urban air mobility could act as a much-needed alternative for daily commute. Companies, from aerospac...

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SoftBank eyes control of WeWork through finance package worth billions

Over the last few months the startups backed by Masayoshi Son have had a rough time, from WeWork’s messed up IPO to a considerable decline in Uber shares. Analysts had estimated that the damage for SoftBank could reach into billions of dollars....

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UPS to invest $450 million to acquire over 6,000 CNG-powered trucks

Atlanta-based transportation giant UPS recently declared its intentions to invest as much as $450 million in trucks powered by alternative fuels. The company said it plans to purchase over 6,000 CNG-powered trucks between 2020 and 2022. Sources fami...

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Infosys bags Eishtec to expand BPO services in the Irish Market

India’s IT sector has proliferated substantially over the years and is a major driver for the country’s economic growth and development. Indian IT giants have relied on timely acquisitions in an attempt to reinforce their services portfol...

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Audi signs 5G agreement with Deutsche Telekom and City of Ingolstadt

5G is being touted as the catalyst for smart city development. The technology is gradually propelling us into a new age of connectivity and will soon transform infrastructure like roads, traffic signals and streetlights into smart city assets. Autom...

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PayPal acquires GoPay, becomes first foreign payment platform in China

American fintech firms have long found it difficult to penetrate the Chinese e-commerce market. In November last year, New York City-based American Express became the first American card network to obtain a preliminary approval to build a domestic ca...

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Amazon presents Sidewalk for long-range connectivity of IoT devices

In this modern era of wireless connectivity, while tech giants globally are experimenting with 5G and making efforts to expand Wi-Fi capabilities, American e-commerce major Amazon recently said it is developing a new wireless protocol for connecting ...

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Lattice, Synopsys extend multi-year software OEM licensing agreement

Application scope of field-programmable gate arrays (FPGAs) is expanding due to the emergence of new use cases driven by proliferation of IoT. The latest update from the field-programmable gate space is that American technology developers Lattice Sem...

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Softeco and Fincons to design new aviation safety platform ECCAIRS 2.0

Introduction of regulatory framework combined with cutting-edge technologies is set to transform the aviation industry landscape. With an increased focus on safety, leading technology companies are working on building innovative solutions using the l...

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Google touts ‘largest corporate purchase’ of solar and wind energy

With a growing focus on sustainable energy generation, increasing number of countries and companies are embracing cleaner technologies. The landscape is rapidly evolving and 2019 is poised to be an exciting year for clean tech. American multinationa...

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Toyota mulls investing $391M in San Antonio truck assembly plant

Japanese auto major Toyota has reportedly disclosed its plans to invest $391 million to expand its San Antonio-based plant that produces Tundra and Tacoma pickup trucks. Evidently, this will be the first expansion at the plant in nine years. Chris R...

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OTEGLOBE deploys Infinera’s ICE4 to double subsea network capacity

Sunnyvale, California-based optical transmission equipment provider Infinera Corporation has recently announced that OTEGLOBE has deployed the fourth generation of Infinera’s pioneering Infinite Capacity Engine (ICE4) technology to double its i...

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Wipro and IISc to explore autonomous cars, metal 3D printing in India

With the global automotive universe gradually inching towards autonomous vehicles, Bengaluru-headquartered IT giant Wipro has disclosed its plans to collaborate with Indian Institute of Science (IISc), Bengaluru, to develop autonomous cars and design...

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Baker Hughes-C3.ai JV unveils AI-based software BHC3 Reliability™

Artificial intelligence (AI) is advancing rapidly and has immense potential to contribute to the global economy. A growing number of prominent as well as emerging industries, including the energy sector, are experimenting with AI-based technologies s...

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Wearable AI and its rising penetration in healthcare industry

Globally, the adoption of wearable artificial intelligence (AI) will be primarily driven by increasing concerns among consumers towards health and fitness. Rising prevalence of obesity and other cardiac illnesses around the world will boost the adopt...

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Battelle to use Headwall’s spectral imaging sensors to detect opioid

With remarkable advancements in technologies such as AI and machine learning, leading developers of imaging technology are finding ways to use it for more diverse applications. Headwall Photonics Inc, which designs hyperspectral and multispectral im...

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Warren Buffet’s Duracell eyes Eveready’s battery & flashlight business

Warren Buffet’s Berkshire Hathaway owned battery manufacturer, Duracell Inc., has reportedly beaten industry rival Energizer Holdings and is set to take over the flagship company of BM Khaitan, Eveready Industries’ battery and flashlight ...

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Immersive Technologies and their contribution towards smart city development

Immersive technologies or extended reality (XR) is any technology that extends, emulates and recreates the reality we experience by merging the virtual and physical worlds and providing a fully immersive experience through digital simulation. These t...

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SK Telecom and Microsoft to introduce 5G-based cloud gaming in Korea

With the ever-growing popularity of mobile gaming and a booming 5G subscriber base across Korea, Seoul-based wireless technology developer SK Telecom has recently disclosed its plans to collaborate with American tech-giant Microsoft to deliver 5G-pow...

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India’s H-Energy partners with Novatek to boost LNG trade in Asia

According to the International Energy Agency (IEA), natural gas is major source of energy for importers across the Asia-Pacific (APAC) region. Overall LNG consumption is anticipated to further accelerate, and LNG trade is going through a remarkable g...

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Reliance Power and JERA to set up 750MW power plant in Bangladesh

Energy use in emerging economies, especially in the Asia-Pacific, has increased rapidly over the past few decades and will continue rise over the coming years. Robust economic growth, enhanced living standards and a booming populations have been the ...

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TSB and Square team up to make card payments more accessible for SMEs

Digital banking has exploded in the past decade, and an increasing number of emerging businesses are embracing online banking as an alternative method to conduct financial transactions. Leading financial organizations worldwide are collaborating to m...

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Smart spaces – Driving digital transformation of economies

With technology gradually taking over everyday tasks, it’s no wonder the future will be characterized by smart devices delivering convenient and insightful digital services across each and every aspect of our lives. The introduction of smart te...

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