ABB to build $150m advanced robotics factory in Shanghai

(adsbygoogle = window.adsbygoogle || []).push({}); Swiss automation company ABB will invest $150 million to build an advanced robotics factory in Shanghai, China where robots will be used for manufacturing robots. The advanced robotics factory known as Kangqiao manufacturing center will come up near ABB’s China robotics campus. Expected More...

by businessnewstoday | Published 3 months ago
By Soujanya Ravi On Saturday, October 20th, 2018
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Graham Contracting set to bag WSDOT contract for SR 520 Montlake Project

Construction industry news : Canadian construction company Graham Contracting has been selected as contractor by the Washington State Department of Transportation (WSDOT) for the State Route 520 Montlake Project More...

By Soujanya Ravi On Saturday, October 20th, 2018
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US online mattress company Nectar Sleep forays into UK market

Nectar Sleep, a US online mattress company, has expanded internationally by foraying into the UK, bringing its consumer-centric business model and also its bed in a box product. The online mattress company says More...

By Soujanya Ravi On Monday, October 15th, 2018
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ADB sanctions $300m loan to upgrade East-West Highway in Georgia

Construction industry news : The Asian Development Bank (ADB) has agreed to provide a loan of $300 million towards the construction of a four-lane, 12km road on the East-West Highway between Khevi and Ubisia in More...

By Soujanya Ravi On Monday, October 8th, 2018
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Ardonagh to buy Swinton Group from Covea for £165m

Ardonagh acquisition of Swinton : The Ardonagh Group, the Jersey-incorporated owner of Autonet and Towergate, has signed a deal of around £165 million to acquire Swinton Group, the UK personal lines insurance broking More...

By businessnewstoday On Tuesday, October 2nd, 2018
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Home appliance company GE Appliances to invest $200m in Louisville

Home appliance company GE Appliances (GEA) will make two separate investments totaling over $200 million to expand its dishwasher and laundry manufacturing facilities in Louisville, Kentucky. The investments will More...

By Soujanya Ravi On Sunday, September 30th, 2018
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Jardine Lloyd Thompson to be acquired by Marsh & McLennan in $5.6bn deal

MMC acquisition of JLT : British insurance and reinsurance broker Jardine Lloyd Thompson (JLT) Group has agreed to be acquired by insurance broking and risk management major Marsh & McLennan Companies (MMC) More...

By businessnewstoday On Tuesday, September 18th, 2018
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Indian government announces merger of Bank of Baroda, Vijaya Bank, Dena Bank

Banking industry news : The Indian government on Monday announced the merger of three state-owned banks – Bank of Baroda, Dena Bank and Vijaya Bank, in a move to create the third largest lender in the country. The More...

By Soujanya Ravi On Saturday, September 8th, 2018
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Berkshire Hathaway takes stake in Indian mobile payment app Paytm

Indian mobile payment app cum digital wallet Paytm has secured an undisclosed equity investment from US-based investment firm Berkshire Hathaway. Available in 10 Indian languages, Paytm enables users to make payments More...

By Soujanya Ravi On Tuesday, September 4th, 2018
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Visa invests in Japanese fintech company Paidy

Global payment technology company Visa has made an undisclosed investment in Japanese fintech company Paidy, which offers instantly-issued post-pay credit services for eCommerce shoppers in Japan. Paidy said that More...