Bona Fide News (2024)

02/11/2022

Hyundai recalls 44, 000 SUVs due to computer fire risk in United States

Hyundai Motor Company is reportedly urging owners of over 44,000 SUVs in the United States to park their vehicles outside as the fire can ignite even with the engines off.

02/11/2022

EA to launch three games based on Marvel, debuting first with Iron Man

California-based video games company, Electronic Arts Inc. is reportedly planning to develop three action-adventure video games centered around the Marvel universe.

31/10/2022

Audi favors one-off staff payments over permanent compensation surge

The German union IG Metall is demanding an 8% pay increase for the 3.8 million workers in the metal & electrical sector.

31/10/2022

Pokemon Go to roll out new map updates for immersive global adventure

The Pokemon Go map has recently received modifications from renowned augmented reality (AR) developer Niantic. According to the company, Pokemon GO is releasing improvements after three years, in order to continue providing an experience that unifies users’ global escapades.

27/10/2022

Bob Evans recalls 7,500 pounds of Italian pork sausage amid complaints

Bob Evans Farms Foods, a subsidiary of Bob Evans Restaurants, a renowned American restaurant chain recently took a decision of recalling nearly 7,500 pounds of Italian pork sausage that were manufactured on 8th September 2022, amid rising consumer complaints.

26/10/2022

AI chip startup Axelera reels in USD 27 million in Series A funding

Netherlands-based Axelera AI B.V. has reportedly raised USD 27 million in a Series A funding round led by Innovation Industries, a European venture capital company, including Belgium-based Federal Holding and Investment Company, and Imec.xpand, Interuniversity Microelectronics Ce

21/10/2022

Kevin Harts Hartbeat Ventures brings first investment from JP Morgan

Comedian and entrepreneur Kevin Harts Heartbeat Ventures has welcomed its first investment from JP Morgan Chase & Co. This development was confirmed with a joint statement from Heartbeat Ventures President and Co-Founder Robert Roman as well as J.P. Morgan’s head of digital inv

20/10/2022

Indegene acquires U.S.-based healthcare marketing agency Cult Health

Bengaluru-based Indegene Inc. a company that provides R&D and management services for pharmaceutical corporations has reportedly completed the acquisition of U.S.-based healthcare marketing agency CultHealth.

19/10/2022

US DFC lends USD 35Mn to CAG to uplift 500,000 female entrepreneurs

The domestic microlender CreditAccess Grameen Limited (CAG), will reportedly acquire a USD 35 million loan from the US government agency Development Finance Corporation (DFC), which will ultimately assist 500,000, female entrepreneurs in obtaining finance.

18/10/2022

Alphabets YouTube bolsters brand-specific audio & podcast advertising

Alphabet owned YouTube is reportedly planning to extend opportunities for advertising to reach music and podcast listeners, as well as viewers on linked televisions.

17/10/2022

Apple Music brings spatial audio to certain Mercedes Benz models

German luxury and commercial vehicles conglomerate, Mercedes Benz AG has recently announced that it would integrate Apple Musics spatial audio offering into select car models of the company.

14/10/2022

Netflix ad-supported plan rolling out in November at USD 7 per month

Netflix Inc. is reportedly planning to launch a streaming plan with advertising for about USD 7 per month in November in an effort to entice new subscribers after the streaming giant lost a substantial number of users in the first half of the year.

13/10/2022

Chip-maker Intel plans massive job cuts as worldwide PC sales decline

Chip-maker Intel Corporation is reportedly planning mass layoffs that will mostly affect its sales and marketing staff, amidst a global slump in consumer PC sales. There are currently 113,700 employees working for the organization worldwide.

13/10/2022

Panacea Biotec secures pentavalent vaccine contract worth USD 127 Mn

Vaccine manufacturer, Panacea Biotec Ltd., has recently announced that Pan American Health Organization (PAHO) and United Nations International Childrens Emergency Fund (UNICEF) have reportedly approved a long-term supply agreement worth USD 127.30 million to distribute its pre-q

11/10/2022

SEBI greenlights Kaynes Technology’s attempt to raise funds through IPO

As per recent citations, Mysore-based Kaynes Technology Inc. has received a go from SEBI to raise funds by the way of an Initial Public Offering (IPO).

11/10/2022

China applauds while Taiwan berates Elon Musk concerning Taiwan plan

Elon Musk has reportedly received praise from the ambassador of China to the United States, Qin Gang for his idea to create a special administrative region for Taiwan.

11/10/2022

GE lays off staff at onshore wind facility as part of recovery strategy

General Electric Company is reportedly cutting off employees at its onshore wind subsidiary as part of a plan to restructure and resize the company while dealing with sluggish demand, increased costs, and supply-chain bottlenecks.

06/10/2022

Taiwan promises to safeguard local chipmakers at US-led Chip 4 group

Chen Chern-chyi, Deputy Minister of Economic Affairs in Taiwan, reported that the country is expected to use the new Chip 4 group, led by the US, to protect Taiwanese enterprises interests and ensure supply chain resilience, while he admitted that the organization did not yet

06/10/2022

LinkedIn collaborates with Dailyhunt to deliver tailored news to users

The Dailyhunt app now offers LinkedIns News and insights thanks to a one-year strategic relationship between Dailyhunt and LinkedIn. With the help of this collaboration, LinkedIn will expand its reach throughout India by utilizing Dailyhunts India-focused platform to provide in-

04/10/2022

India’s Reliance Jio to roll out top-tech 4G-enabled laptop at USD 184

Reliance Jio is reportedly planning to build on the success of its affordable JioPhone in Indias highly competitive market by revealing that it will introduce a low-cost laptop called JioBook, for USD 184 which will include a 4G sim card in it.

04/10/2022

Porsche shares close flat after watershed listing of USD 72 billion

Dr.-Ing. h.c. F. Porsche AG shares had reportedly revealed having a shaky start on Thursday i.e., 29th September after Volkswagen flouted market volatility by listing the sports car brand at a USD 72 billion valuation in Germanys second-largest market debut.

04/10/2022

EU proposes 8th batch of sanctions on Russia over with Ukraine

In response to Russias invasion of Ukraine, the executives of the European Union have reportedly suggested more sanctions against it, including stricter trade restrictions, a cap on oil prices for non-EU nations, and more individual blacklistings.

04/10/2022

SINAI Technologies bags USD 22 Mn funds for solving emission issues

SINAI Technologies, a U.S.-based company that develops technology to assist businesses in measuring their carbon emissions and providing recommendations for mitigating them, has reportedly raised USD 22 million in the latest fundraising backed by Energize Ventures, and other inve

28/09/2022

Tilt announces partnership with MSD for immunotherapy clinical trials

Tilt Biotherapeutics Ltd. has recently announced a partnership deal with MSD (trade name of Merck & Co.), wherein the two pharmaceutical giants would focus on combining their resources toward evaluating a new clinical trial on TILT-123.

28/09/2022

Imagine Marketing ramps up local production to intensify global reach

The parent company of wearables brand boAt, Imagine Marketing Private Limited, has reportedly declared its intention to transform into a made-in-India global lifestyle brand name by expanding its foreign footprint. The company is waiting for regulatory approval for a public off

28/09/2022

Ukraine nuclear plant fears prompt Poland to distribute iodine pills

Poland has reportedly given iodine tablets to local fire departments to distribute among people in the event of radioactive exposure because it is worried about fighting near Ukraines Zaporizhzhia nuclear power station.

22/09/2022

Amid ravaging energy crisis, Europe sets cash ablaze to aid businesses

As the tensions between Russia and Ukraine continue to escalate, new challenges that ravage communal harmony across Europe remain untethered at present. While the United Kingdom has reportedly capped the wholesale cost of gas and electricity for businesses, Germany recently natio

22/09/2022

Coal crisis forces Europe to pay top dollar to remote mines in Africa

The aftershocks of Russias invasion of Ukraine still wage around as countries across Europe are now vying to pay hefty sums of money to purchase coal from Africa’s remote mines in Tanzania, Botswana, and probably Madagascar to remain afloat amid the crippling energy crisis that

20/09/2022

Nutrition Technologies receives USD 20 million funding in equity round

Asias first industrial insect company, Nutrition Technologies has successfully accumulated a sum of USD 20 million in its equity venture round. This funding would reportedly aid the company in launching new products, undertaking strategic partnerships, and accelerating R&D activi

19/09/2022

Hydrogen fuel cell more economical than diesel engine: Loop Energy

Loop Energy, a manufacturer of hydrogen fuel cells, reportedly claims that its most recent cell system can provide higher fuel efficiency than a diesel engine at the current pricing point.

19/09/2022

Adobe buys out collaborative software company Figma for USD 20 billion

Adobe Inc. is reportedly planning to acquire collaboration-software company Figma, for about USD 20 billion. This is expected to be the largest transaction in Adobes history, and it will enable the tech giant to gain access to a wider market by acquiring small-but-expanding co

19/09/2022

Following Inflation Reduction Act, battery recycling race intensifies

The worlds largest automakers are banking on recycled material from old batteries to help supply the metal required to create electric vehicles. Notably, the latest bet is reportedly placed on a startup that claims to be able to capitalize on the Inflation Reduction Act.

15/09/2022

UK workforce withdrawals drop unemployment to lowest point since 1974

Unemployment rate has reportedly dropped to its lowest level since 1974 as more people left the corporate environment, exerting upward pressure on wages.

15/09/2022

Zoom renames chat app, adds exceptional features to compete with rivals

Zoom Video Communications Inc. has reportedly announced that it has renamed its chat app and introduced new features, including third-party connectivity, to compete with rivals such as Slack and Microsoft Teams.

15/09/2022

With triple-band 3-sector 5G radio Ericsson sets the sustainability bar

Swedish telecom major, Ericsson has unveiled a brand-new tri-sector, triple band radio that can replace nine radios and is once again defining sustainable networks.

15/09/2022

Arla Foods Ingredients introduces plug & play protein bar concept

Arla Foods Ingredients, a Danish-Swedish multinational cooperative, has reportedly developed a plug-and-play solution to support manufacturers in creating bars with high protein content in every layer.

15/09/2022

LG & Honda to form Joint Venture to manufacture EV batteries in the U.S.

LG Energy Solution, a leading energy solutions provider and Honda Motor Co., a Japanese public multinational conglomerate,

15/09/2022

Sweden, the Czech Republic offer 1.6M J&J COVID-19 vaccine doses to Somalia

Somalia has reportedly received 1 645 600 doses of the J&J (Johnson and Johnson) COVID-19 vaccines from the Czech Republic and Swedish Governments.

15/09/2022

Mullen, Team Rosberg Engineering partner for FIVE EV Crossover

EV manufacturer Mullen Automotive, Inc. has reportedly announced a collaboration with German automotive and racing company Team Rosberg Engineering (TRE) GmbH on vehicle chassis and safety development for the startup’s FIVE EV Crossover Program.

15/09/2022

Cygni Energy nabs $12.5M to establish a new manufacturing facility in India

Cygni Energy, a Hyderabad-based next-generation energy storage company, has recently secured $12.5 million in a funding round which was a combination of equity and debt.

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