Category: Agreements/MOU

Bharti Airtel and Nokia sign pact to improve network connectivity

April 28, 2020

• Bharti Airtel and Nokia has signed an agreement worth $1 Billion to improve the network infrastructure and connectivity within the country.
• This agreement will prove beneficial in improving the network connectivity and providing better coverage and signal strength to users.

Vodafone Idea and PayTm sign deal to launch ‘Recharge Saathi’

April 25, 2020

• Vodafone Idea and PayTm has signed a deal to launch Recharge Saathi a platform that will allow individuals and small businesses to earn some extra cash as a form of commission for every recharge that they make. 

IBM and Tech Mahindra tie-up to set up innovation centers

April 24, 2020

• International Business Machines Corporation(IBM) has tied-up with Tech Mahindra Limited to setup innovation centers in Bengaluru for setting up cloud based infrastructure in India. Later more will centers will be setup in different parts of US and United Kingdom.

Facebook acquires 9.99% stake in Jio

April 23, 2020

• US based Facebook has acquired 9.99% stake in Reliance Jio for USD 5.7 million.

PayTm sign MoU with Mastercard to issue virtual and physical cards

April 22, 2020

• PayTm payments bank has signed MoU with Mastercard to issue new virtual and physical debit cards for users. 
• These cards can be used just like all other cards for any type of transaction.

Norton motorcycles manufacturer acquired by TVS Motor Singapore

April 18, 2020

• Norton motorcycles manufacturer, a United Kingdom-based iconic brand has been acquired by TVS Motor Singapore Pte. Ltd. in cash for !6 million euros.

Flipkart signs tie-up with ICICI Lombard to offer a health plan for COVID-19

April 11, 2020

• Flipkart Private Limited signs tie-up with ICICI Lombard General Insurance Company Limited & Go Digit General Insurance to initiated two health insurance policies.
• The name of the two policies that specifically cover coronavirus is ‘COVID-19 Protection Cover’ and ‘Digit Illness Group Insurance’.

Bharat Biotech pairs up with FluGen to prepare ‘CoroFlu’ vaccine

April 11, 2020

• Bharat Biotech in partnership with the US-based company FluGen and the University of Wisconsin Madison to prepare a vaccine named “Coro-Flu” to combat COVID-19.
• CoroFlu will build on the backbone of FluGen’s flu vaccine candidate called as M2SR.

Hindustan Uniliver ties with UNICEF to support India to fight COVID-19

April 10, 2020

• Hindustan Unilever(HUL) has paired up with the United Nations Children’s Fund (UNICEF) to aid India to fight COVID-19.
• This partnership targets to start a mass communication campaign with the objective of awaring about the COVID-19 pandemic.

IIL pairs up with Griffith University to prepare COVID-19 vaccine

April 10, 2020

• Indian Immunologicals Limited(IIL) has tied up with Australia’s Griffith University to make the COVID-19 vaccine using the latest codon de-optimization technology.
• It will go with the Central Drugs Standard Control Organisation (CDSCO), to carry out clinical trials.