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List of Research And Development Companies

Reference

List of the top research and development companies in the world, listed by their prominence with corporate logos when available. This list of major research and development companies includes the largest and most profitable research and development businesses, corporations, agencies, vendors and firms in the world. If you are wondering what the biggest research and development companies are, then this list has you covered. This list includes the most famous research and development companies in the industry, so if you're thinking of working in the research and development industry you might want to look to these companies for jobs. This list includes names of both small and big research and development businesses.

A factual list, featuring companies like Microsoft Corporation and Applied Minds.

24/7 Media

Applied Minds

At&t laboratories.

Axis Communications

Axis Communications

Benchmark systems.

Boeing Phantom Works

Boeing Phantom Works

Center for Assistive Technology and Environmental Access

Center for Assistive Technology and Environmental Access

Clear Channel Outdoor

Clear Channel Outdoor

Coral group.

DevExpress

Digital Heaven

ENSCO, Inc.

ENSCO, Inc.

Eurosoft

FSA Corporation

Georgia Tech Research Institute

Georgia Tech Research Institute

Global CyberSoft

Global CyberSoft

Market leader inc., ideaconnection.

Industrial Technology Research Institute

Industrial Technology Research Institute

Innocentive.

Integrated Microelectronics, Inc.

Integrated Microelectronics, Inc.

Jasomi networks, language computer corporation.

Lawrenceville Plasma Physics

Lawrenceville Plasma Physics

Mage UK

MERA Networks

Microsoft Corporation

Microsoft Corporation

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  • Companies with the highest spending on research and development 2022

Ranking of the companies with the highest spending on research and development worldwide in 2022 (in billion U.S. dollars)

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Data for Amazon was taken from macrotrends.net . Data for Meta can be found here . Data for place seven to 10 can be found here . Data for the remaining 10 can be found here .

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Statistics on " Research and development (R&D) worldwide "

  • Total global R&D spending 1996-2022
  • Gross domestic R&D spending in G7 countries and China 2000-2022
  • Leading countries by R&D spending as share of GDP globally 2022
  • Industry sectors - expenditure on research and development 2021
  • Distribution of R&D expenditure globally 2021, by end use
  • Most innovative countries by GII score 2022
  • R&D spending shares by region and industry 2020
  • Research intensity by industry in OECD countries 2018
  • Exports of high R&D intensive products by country 2005-2018
  • Exports of medium-high R&D intensive products by country 2005-2018
  • Distribution of pharmaceutical R&D companies by region 2023
  • Top 50 pharmaceutical companies - Rx sales and R&D spending 2022
  • Top global biotech companies - R&D expenditure 2022
  • Distribution of total funding on R&D for selected diseases 2018-2021
  • Allocation of R&D investments in pharmaceutical industry by function 2021
  • Global top pharmaceutical companies based on R&D spending 2026
  • ICT research and development expenditure in U.S. and worldwide 2021
  • Total R&D spending on information and communications worldwide 2017-2019
  • Industrial R&D spending in the ICT sector worldwide 2020-2022
  • Technology hardware & equipment companies with the highest spending on R&D 2021
  • R&D spending in the ICT sector worldwide 2020-2022, by company
  • Cloud applications market CAGR 2017-2022, by segment
  • Total R&D spending on automotive worldwide 2021, by region
  • Total R&D spending on aerospace and defense worldwide 2021, by region
  • Electric vehicles: auto industry R&D funding by investor type 2023
  • Government R&D spending on defense in OECD countries 2021
  • Total R&D spending on chemicals worldwide 2021, by region
  • Total R&D spending on energy worldwide 2021, by region
  • Total R&D spending on industrials worldwide 2021, by region
  • Energy, chemicals, and industrial companies with the highest spending on R&D 2021
  • Global R&D investment in clean energy 2019, by sector
  • RPA adoption and investment rates worldwide 2019, by organization size

Other statistics that may interest you Research and development (R&D) worldwide

Global R&D spending

  • Premium Statistic Total global R&D spending 1996-2022
  • Premium Statistic Gross domestic R&D spending in G7 countries and China 2000-2022
  • Premium Statistic Leading countries by R&D spending worldwide 2022
  • Premium Statistic Leading countries by R&D spending as share of GDP globally 2022
  • Premium Statistic Companies with the highest spending on research and development 2022
  • Premium Statistic Industry sectors - expenditure on research and development 2021
  • Premium Statistic Distribution of R&D expenditure globally 2021, by end use

Industry and geographic distribution

  • Premium Statistic Most innovative countries by GII score 2022
  • Premium Statistic R&D spending shares by region and industry 2020
  • Premium Statistic Research intensity by industry in OECD countries 2018
  • Premium Statistic Exports of high R&D intensive products by country 2005-2018
  • Premium Statistic Exports of medium-high R&D intensive products by country 2005-2018

Pharmaceuticals & healthcare

  • Premium Statistic Total global pharmaceutical R&D spending 2014-2028
  • Premium Statistic Distribution of pharmaceutical R&D companies by region 2023
  • Premium Statistic Top 50 pharmaceutical companies - Rx sales and R&D spending 2022
  • Premium Statistic Top global biotech companies - R&D expenditure 2022
  • Basic Statistic Distribution of total funding on R&D for selected diseases 2018-2021
  • Basic Statistic Allocation of R&D investments in pharmaceutical industry by function 2021
  • Basic Statistic Global top pharmaceutical companies based on R&D spending 2026

Software, computing, communication & electronics

  • Premium Statistic ICT research and development expenditure in U.S. and worldwide 2021
  • Premium Statistic Total R&D spending on information and communications worldwide 2017-2019
  • Premium Statistic Industrial R&D spending in the ICT sector worldwide 2020-2022
  • Premium Statistic Technology hardware & equipment companies with the highest spending on R&D 2021
  • Premium Statistic R&D spending in the ICT sector worldwide 2020-2022, by company
  • Premium Statistic Artificial intelligence software market revenue worldwide 2018-2025
  • Premium Statistic Cloud applications market CAGR 2017-2022, by segment

Automotive, Aerospace & Defense

  • Basic Statistic Total R&D spending on automotive worldwide 2021, by region
  • Premium Statistic Global R&D spending: key companies in the automotive sector 2021
  • Premium Statistic Total R&D spending on aerospace and defense worldwide 2021, by region
  • Premium Statistic Electric vehicles: auto industry R&D funding by investor type 2023
  • Premium Statistic Government R&D spending on defense in OECD countries 2021

Chemicals, Energy & Industrial Manufacturing

  • Premium Statistic Total R&D spending on chemicals worldwide 2021, by region
  • Basic Statistic Total R&D spending on energy worldwide 2021, by region
  • Premium Statistic Total R&D spending on industrials worldwide 2021, by region
  • Premium Statistic Energy, chemicals, and industrial companies with the highest spending on R&D 2021
  • Premium Statistic Global R&D investment in clean energy 2019, by sector
  • Premium Statistic RPA adoption and investment rates worldwide 2019, by organization size

Further related statistics

  • Premium Statistic Number of R&D programs in Guangdong, China 2021, by institution type
  • Basic Statistic Canada: gross domestic expenditures on R&D 2000-2022, by science type
  • Premium Statistic Number of R&D programs in Guangdong, China 2010-2021
  • Basic Statistic European Union (EU) 2020 research and development aims: UK public opinion survey 2017
  • Basic Statistic Canada: gross domestic expenditures on R&D 2022, by funding sector
  • Premium Statistic Number of R&D institutions of Guangdong, China 2021, by institution type
  • Premium Statistic Expenditure of high-tech companies on product development 2021, by sector
  • Basic Statistic Canada: business enterprise R&D intramural expenditures in 2015, by industry
  • Basic Statistic U.S. Federal funds for research and development FY 1991-2021
  • Premium Statistic Value of internal expenditure on R&D in Guangdong, China 2010-2021
  • Premium Statistic Share of employees in the research area in Romania 2021, by sector of activity
  • Premium Statistic Company expenditure for product development in 2022, by region
  • Basic Statistic Canada: gross domestic expenditures on R&D 2022, by performing sector
  • Premium Statistic Number of R&D Institutions in Guangdong, China 2010-2021
  • Basic Statistic Canada: business enterprise R&D intramural expenditures from 2000 to 2015
  • Premium Statistic Share of Sidi Krir Petrochemicals Company ownership in Egypt 2019
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  • Canada: gross domestic expenditures on R&D 2000-2022, by science type
  • Number of R&D programs in Guangdong, China 2010-2021
  • European Union (EU) 2020 research and development aims: UK public opinion survey 2017
  • Canada: gross domestic expenditures on R&D 2022, by funding sector
  • Number of R&D institutions of Guangdong, China 2021, by institution type
  • Expenditure of high-tech companies on product development 2021, by sector
  • Canada: business enterprise R&D intramural expenditures in 2015, by industry
  • U.S. Federal funds for research and development FY 1991-2021
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  • Share of employees in the research area in Romania 2021, by sector of activity
  • Company expenditure for product development in 2022, by region
  • Canada: gross domestic expenditures on R&D 2022, by performing sector
  • Number of R&D Institutions in Guangdong, China 2010-2021
  • Canada: business enterprise R&D intramural expenditures from 2000 to 2015
  • Share of Sidi Krir Petrochemicals Company ownership in Egypt 2019
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Research & Development

Helping clients build the R&D capabilities needed to drive innovation, improve productivity and performance, and develop successful portfolio and asset strategies.

Our R&D clients include major pharmaceutical companies, medical device manufacturers, biotechs, and clinical research organizations. Our work, which spans all major therapeutic areas, focuses on:

Driving innovation

We can help transform a company's corporate culture and R&D infrastructure to meet changing industry needs, or support efforts to attract, motivate, and mobilize the best talent. We use our insights to help companies develop innovative products that offer substantial benefits over existing therapies, allowing them to overcome hurdles to regulatory approval and payor reimbursement.

Improving productivity and performance

We have multiple strategies for enhancing client's productivity and performance. For instance, we can help them access new technologies and innovation through various R&D financing and partnership models that minimize cost and risk. We also facilitate approval and reduce development timelines and costs by helping design clinical strategies that maximize the chance for a successful approval with the best possible label. Our efforts often involve assisting companies with organizational issues (e.g., helping them determine the most efficient structure post-merger, etc.). Since we understand the changing vendor landscape and we offer global reach and expertise, we can also assist companies in identifying the right outsourcing/off-shoring opportunities and in capturing greater value from emerging markets.

Developing successful portfolio and asset strategies

For resource allocation, we help clients allocate their clinical research budgets and focus on the most promising products. With existing drugs and devices, we show clients which therapy areas, diseases, or products should receive priority. Most importantly, we apply novel approaches to maximize the value creation potential of each individual pipeline asset. For instance, we can help clients identify compounds that will provide more value in established markets or generate demand in rapidly growing emerging markets. We also help clients identify and execute business development opportunities, including in- and out-licensing deals, mergers and acquisitions, joint ventures, and innovative multi-party transactions that improve productivity.

Optimizing medical and regulatory affairs organization and strategy

We help Medical and Regulatory Affairs divisions to implement best practice organizational set-ups and build the capabilities required to meet the expectations of external shareholders. We also support clients in their pursuit of product safety and clinical quality excellence.

Forging connections

We regularly convene industry conferences on R&D issues. A few examples:

  • The Medical Affairs Leadership Academy, a 'field and forum' programme that aims to heighten the business and leadership capabilities of Medical Affairs divisions in our clients
  • The R&D Leadership Development Forum, which helps rising executives at pharmaceutical and biotech companies network and share their perspectives
  • Semi-annual CMC Forums, which include annual benchmarking and knowledge sharing on priority topics, attended by leading pharmaceutical and biotech companies
  • We also frequently give R&D presentations at investor meetings and conferences including the Lindau Nobel Laureate Meeting and Citi's Global Healthcare Conference and have published in Nature Reviews Drug Discovery on topics including R&D productivity, trends in clinical trial success rates, and sourcing pharmaceutical innovation

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How we help clients.

  • Medical Affairs
  • Research & Development

Find your ideal job

Research and Development sparks innovative solutions

Achieve business goals by implementing cutting-edge R&D products

Research and development company

Outpace the competition with new or improved offerings

Utilize an effective research and development strategy to enhance existing products, launch new services and technologies, and avoid obsolescence, while gaining an innovative edge and satisfying unmet needs .

Validate your idea quickly with fast prototyping

Discover solutions.

Identify challenges, validate feasibility, and develop innovative fixes

Prototype in weeks

Rapidly model ideas, features, and technologies to test usability

Research challenges

Understand potential objections and create an R&D strategy accordingly

Activate your resources

Utilize client expertise to discover problems and possible solutions

Click and collect mobile mockups

Click and collect grocery shopping revamped for both retailers and end-users

Leverage prototyping and technology to build a seamless, safe, and flexible experience.

Starting with thorough research and using a data-based approach, we determined what creates a quality online shopping trip.

Our rapid prototyping took just one month using two developers to implement three innovative features, offering a personalized user experience.

Netguru has been the best agency we've worked with so far. The team is able to design new skills, features, and interactions within our model, with a great focus on speed to market. Adi Pavlovic Director of Innovation at Keller Williams

research developers company

Research & Development - from idea to working prototype

  • R&D Sprint

Empower clients with knowledge, expert solution design, and roadmap recommendations

Rapid prototyping

Deliver an end-to-end working prototype that will take your products to the next level

Hackathon by Netguru

Facilitate a client event to creatively uncover ideas and collectively establish solutions

Run quick experiments to verify technologies and ideas, and determine expected value

What Is Research and Development (R&D)?

Also known as research and technical or technological development (RTD), R&D is all about engaging in activities to innovate. By doing that, an organization presents new products and services to market or enhances its existing offering.

Research and development objectives? Typically the primary stage in the product life cycle, R&D aims to gain companies a competitive edge and generate long-term profit. R&D may lead to entirely new product discoveries and associated patents, copyrights, and trademarks.

R&D departments are generally well-funded, with capital risk, lack of immediate payoff, and uncertain ROI weighed up against estimated risk-adjusted returns. Greater R&D investment equates to increased capital risk, meaning some businesses choose to outsource R&D functions.

The role of research and development? Without R&D entrepreneurship or an effective strategy, a business may become obsolete, unless it uses other methods such as M&A to survive.

Who’s investing in research and development? Tech companies are among the top R&D investors, with pharmaceuticals and semiconductors also high up the rankings.

Examples of research and development activities include Netguru’s R&D project with Roboteam and Alphabet’s Waymo self-driving cars.

Why is Research and Development important?

R&D solutions differentiate businesses from the competition, yielding critical technologies from which new products, services, and models spawn.

Technology progresses quickly, and if organizations are to keep up, R&D is key. With R&D, the chances of building successful products and services increase. It can also enhance employee productivity and boost profits.

Research and development companies or departments devise innovative products, services, and solutions that dominate the market and are tricky to imitate.

A modern R&D division connects technical teams with marketing, sales, and customer service. That way, challenges and opportunities are fully understood.

An effective research and development team defines the right business opportunity and performs rapid tests to validate business value assumptions.

Then, successive solution prototypes and usability testing realize that value by identifying user habits, problems, and expectations, as well as anticipating demands and trends.

Types of Research & Development

There are several types of R&D. First up, there’s the model where engineers undertake extensive research to develop new products and services with no real objective in mind.

That falls under basic research, whereby the aim is to grasp fuller fundamental knowledge of a subject, process, or technology, as opposed to a specific application.

The second type of R&D? Industrial scientists or researchers carry out applied research to support the development of future products and/or enhance existing product and service offerings – there’s a specific target in mind.

Basic research is time-consuming. Applied R&D is more expensive, meticulous, and complex.

Business incubators and accelerators are types of R&D, whereby companies invest in startups in the hope they’ll come up with usable innovations.

Mergers and acquisitions (M&As) and partnerships are also varieties of R&D, with corporations making the most of each other’s expertise and skills.

Who spends the most on R&D?

Based on yearly reports, Amazon is the top R&D spender, forking out $42.74 billion in 2020. Calling it ‘technology and content’ the multinational behemoth spent more than in 2019 ($35.93 billion), with 2,244 patents granted – most of which in technologies like AI, machine learning, and computer vision.

Number two? Alphabet, at $27.57 billion. The multinational conglomerate formed in 2015 via a restructuring of Google, becoming the parent company of the search engine and several former subsidiaries. R&D expenditure has more than doubled since 2016.

Coming in third is Huawei, with R&D investment in 2020 totaling $22.04 billion. The year 2020 saw 2,761 patents granted, an increase of 14% compared to 2019. Huawei R&D employees amount to around 105,000 – more than half the total workforce.

The list goes on as follows in billions:

  • Microsoft: $19.27
  • Apple: $18.75
  • Samsung: $18.75
  • Facebook: $18.45

The remainder of the top 10: Volkswagen, Intel, Roche, and Johnson & Johnson.

Why to hire Netguru R&D Consultants?

At Netguru, R&D is multipurpose, and the benefits are meaningful:

  • Developing new skills
  • Steering strategic direction
  • Innovation consulting

To maximize success, we have four types research and development services:

  • Rapid Prototyping

We start with a problem, then implement effective solutions, rather than “attractive” solutions that merely offer technological advancements but aren’t actually fit for purpose.

We also embrace agile development principles and record and distribute lessons learned.

Our R&D experts are world-class professionals, including Innovation Consultants, Design Consultants, R&D Experts, Engineers, and Developers who are open source contributors with over 220 repositories on GitHub .

We invest in developing new technologies and testing R&D solutions, offering a first-rate and expert service to clients.

Unveil imaginative solutions that eclipse competitors

Our competent team of experts deliver innovative products across various industries, from fintech to retail. With 900+ projects implemented and 12+ years in the market, we offer a wealth of experience.

Temi personal robot R&D project

Creating Temi, a state-of-the-art personal assistant robot combining sight, touch, and hearing

Designing and delivering a premium yet affordable device to dominate the home robotics market.

A prime R&D example and three years in development, Temi plays music, answers calls, and provides the weather forecast, offering users a cutting edge experience.

We focused on R&D: scoping and testing, to suggest the best possible technology stack for the project before building Temi from scratch, including hardware, design, and software. As part of the R&D process and iterative cycles, we revised code to deliver upgrades and an iconic product.

Kunster AR mobile app mockups

Kunster: An R&D project to build an augmented reality mobile app

Using research skills to create an art-focused app.

Cross-generational app Kunster brings art closer to people. Users see their surroundings through the eyes of painters such as Van Gogh and Da Vinci.

Using PyTorch and Core ML tools throughout our R&D process, we developed a pipeline to experiment with real-time style transfer and integrate models into the application.

Pollution detection R&D app

R&D for Good: Partnering with non-profit Pure Earth to help the environment

Developing a pollution app to raise awareness and connect government officials.

Leveraging our innovation expertise, we worked with Pure Earth as part of our R&D for Good program. Aiming to support NGO organizations in their digital journeys, we helped Pure Earth by investigating new technologies.

Our solution? Expanding their existing offering by creating the inventive Report Pollution app to document and report polluted sites.

CarLens mobile AR app mockup

Devising CarLens, a slick mobile app to detect car models with AR

Researching, prototyping, and implementing new technologies including tensorflow and ml.

CarLens recognizes cars using your smartphone’s camera. During this experimental R&D project, we used image recognition and machine learning to test and create a fun and cutting-edge solution.

How? By building a precise algorithm to detect vehicle models. CarLens is a proof of concept iOS and Android app exploring the capabilities of ML-based image recognition.

Our partners about the cooperation with Netguru

My experience working with Netguru has been excellent. Outstanding software teams are resilient, and our developers at Netguru have certainly proven to be that. Our Netguru friends have become as close to team members as possible, and I am grateful for the care and excellence they have provided. Gerardo Bonilla Product Manager at Moonfare
Whenever we faced challenges this year, we could rely on Netguru for our urgent staffing needs and time-critical deliverables. The Netguru team has gone above and beyond any expectations of what a strong and reliable partner can be. Hima Mandali CTO at Solarisbank
Working with Netguru has been a fantastic experience. We received a lot of support in terms of thinking about how we track metrics, how we design this properly, and how we build the architecture. We are extremely grateful for making our platform what it is today. Manon Roux Founder at Countr

Netguru in numbers

Years on the market

People on Board

Projects Delivered

Our Current NPS Score

Delivered by Netguru

Self-care mobile app that lets users practice gratitude.

$5M Granted in funding

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$28M Granted in funding

Data-driven SME lending platform provider

$20M Granted in funding

Lead generation tool that helps travelers to make bookings

$47M Granted in funding

Hand to answer your R&D concerns

According to McKinsey, pharmaceuticals are traditionally known for R&D spending, but these days, high tech, automotive, and consumer sectors invest even more – greater than 20% of earnings EBITDA.

Amazon’s research and development programs amounted to 11.1% of net sales in 2020, Alphabet laid out 15.1% of revenue, and Huawei invested 15.9% of revenue. In 2019, companies spent $2.3 trillion on R&D globally – around 2% of global GDP. Annual R&D investment has grown at around 4% a year since 2010.

As a result of R&D, new products are designed and existing ones revamped. R&D is part of the product development life cycle – the ideation stage. For example, let’s say a client has a challenge to solve or isn’t sure how to approach a problem.

Via R&D, it’s possible to make recommendations, impacting solution design and the roadmap.

Following the R&D phase where feasibility is validated and prototyping takes place, the groundwork is in place for further design work.

R&D project management involves taking the lead in designing processes, sharing knowledge, and tracking the overall value of R&D via metrics. A top-notch strategy combines:

  • Comprehending what an organization wants to (and can) deliver
  • Alignment of R&D and corporate initiatives
  • Determining and prioritizing capabilities and technologies for delivery
  • Deciding how to deliver – operating model and organizational design
  • Testing the strategy for robustness
  • Clear communication of the strategy

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As a FinTech software development company, we understand the role of research and development . It’s often the initial phase that defines the overall direction, development, and budget. It’s your role to give us the bottom line, it’s our role to get you to the finish.

At Code & Pepper, we can design and develop your FinTech product, as well as enhance an already existing application with new functionalities. We can also provide post-launch support.

Boost your product with research and development services based on expertise

While R&D is all about iterations and innovation, you will need an experienced team to bring your FinTech product into the market as fast as possible. Code & Pepper’s design and development teams can help you choose the best technology stack for your software. We will ensure that your app is reliable and secure. With numerous completed projects, we know how to run them efficiently so that innovation actually translates into progress and market success for your product.

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NoMo app is a mobile solution for personal finance management. Created by DirectID, it’s a UK-based leader in open banking and a long-term client of Code & Pepper. NoMo allows users to closely monitor their financial performance and receive custom recommendations for daily spending limits. Through personalised in-app microcopy, the product is helping users to adopt healthier spending habits in a motivating and playful manner.

Code & Pepper was tasked with a complex refactoring of the PFM application, giving the app a boost in performance – both technical and market-wise.

The hexagonal architecture was implemented to achieve better support for cloud infrastructure, while rewriting back-end code using .Net enabled seamless integration with Open Banking API and easier maintenance. A dedicated iOS developer gave NoMo an extra performance boost by fixing issues with Objective-C.

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James Varga CEO and Founder DirectID (The ID Co.) We value Code & Pepper for their proactive attitude, responsiveness and transparency. It’s a reliable and dependable company that we can recommend for other business entities to cooperate with.
Alexander Rainey CEO and Founder Pluto I really value Code & Pepper for their proactive attitude, transparency, and detailed attention to security. These are what made the partnership trusted and solid. The product team was always very helpful in explaining all technical matters, along with a project manager who took care of work organisation.
Thomas McHugh Founder and Director Finbourne We have used a variety of skill sets provided by Code & Pepper, including UX design and development. We have also found using their Scrum process to be very beneficial to measuring the progress of the project. We are happy to recommend Code & Pepper as a partner.

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Research and Development (R&D) Definition, Types, and Importance

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What Is Research and Development (R&D)?

The term research and development (R&D) is used to describe a series of activities that companies undertake to innovate and introduce new products and services. R&D is often the first stage in the development process. Companies require knowledge, talent, and investment in order to further their R&D needs and goals. The purpose of research and development is generally to take new products and services to market and add to the company's bottom line .

Key Takeaways

  • Research and development represents the activities companies undertake to innovate and introduce new products and services or to improve their existing offerings.
  • R&D allows a company to stay ahead of its competition by catering to new wants or needs in the market.
  • Companies in different sectors and industries conduct R&D—pharmaceuticals, semiconductors, and technology companies generally spend the most.
  • R&D is often a broad approach to exploratory advancement, while applied research is more geared towards researching a more narrow scope.
  • The accounting for treatment for R&D costs can materially impact a company's income statement and balance sheet.

Understanding Research and Development (R&D)

The concept of research and development is widely linked to innovation both in the corporate and government sectors. R&D allows a company to stay ahead of its competition. Without an R&D program, a company may not survive on its own and may have to rely on other ways to innovate such as engaging in mergers and acquisitions (M&A) or partnerships. Through R&D, companies can design new products and improve their existing offerings.

R&D is distinct from most operational activities performed by a corporation. The research and/or development is typically not performed with the expectation of immediate profit. Instead, it is expected to contribute to the long-term profitability of a company. R&D may often allow companies to secure intellectual property, including patents , copyrights, and trademarks as discoveries are made and products created.

Companies that set up and employ departments dedicated entirely to R&D commit substantial capital to the effort. They must estimate the risk-adjusted return on their R&D expenditures, which inevitably involves risk of capital. That's because there is no immediate payoff, and the return on investment (ROI) is uncertain. As more money is invested in R&D, the level of capital risk increases. Other companies may choose to outsource their R&D for a variety of reasons including size and cost.

Companies across all sectors and industries undergo R&D activities. Corporations experience growth through these improvements and the development of new goods and services. Pharmaceuticals, semiconductors , and software/technology companies tend to spend the most on R&D. In Europe, R&D is known as research and technical or technological development.

Many small and mid-sized businesses may choose to outsource their R&D efforts because they don't have the right staff in-house to meet their needs.

Types of R&D

There are several different types of R&D that exist in the corporate world and within government. The type used depends entirely on the entity undertaking it and the results can differ.

Basic Research

There are business incubators and accelerators, where corporations invest in startups and provide funding assistance and guidance to entrepreneurs in the hope that innovations will result that they can use to their benefit.

M&As and partnerships are also forms of R&D as companies join forces to take advantage of other companies' institutional knowledge and talent.

Applied Research

One R&D model is a department staffed primarily by engineers who develop new products —a task that typically involves extensive research. There is no specific goal or application in mind with this model. Instead, the research is done for the sake of research.

Development Research

This model involves a department composed of industrial scientists or researchers, all of who are tasked with applied research in technical, scientific, or industrial fields. This model facilitates the development of future products or the improvement of current products and/or operating procedures.

$42.7 billion of research and development costs later, Amazon was granted 2,244 new patents in 2020. Their patents included advancements in artificial intelligence, machine learning, and cloud computing.

Advantages and Disadvantages of R&D

There are several key benefits to research and development. It facilitates innovation, allowing companies to improve existing products and services or by letting them develop new ones to bring to the market.

Because R&D also is a key component of innovation, it requires a greater degree of skill from employees who take part. This allows companies to expand their talent pool, which often comes with special skill sets.

The advantages go beyond corporations. Consumers stand to benefit from R&D because it gives them better, high-quality products and services as well as a wider range of options. Corporations can, therefore, rely on consumers to remain loyal to their brands. It also helps drive productivity and economic growth.

Disadvantages

One of the major drawbacks to R&D is the cost. First, there is the financial expense as it requires a significant investment of cash upfront. This can include setting up a separate R&D department, hiring talent, and product and service testing, among others.

Innovation doesn't happen overnight so there is also a time factor to consider. This means that it takes a lot of time to bring products and services to market from conception to production to delivery.

Because it does take time to go from concept to product, companies stand the risk of being at the mercy of changing market trends . So what they thought may be a great seller at one time may reach the market too late and not fly off the shelves once it's ready.

Facilitates innovation

Improved or new products and services

Expands knowledge and talent pool

Increased consumer choice and brand loyalty

Economic driver

Financial investment

Shifting market trends

R&D Accounting

R&D may be beneficial to a company's bottom line, but it is considered an expense . After all, companies spend substantial amounts on research and trying to develop new products and services. As such, these expenses are often reported for accounting purposes on the income statement and do not carry long-term value.

There are certain situations where R&D costs are capitalized and reported on the balance sheet. Some examples include but are not limited to:

  • Materials, fixed assets, or other assets have alternative future uses with an estimable value and useful life.
  • Software that can be converted or applied elsewhere in the company to have a useful life beyond a specific single R&D project.
  • Indirect costs or overhead expenses allocated between projects.
  • R&D purchased from a third party that is accompanied by intangible value. That intangible asset may be recorded as a separate balance sheet asset.

R&D Considerations

Before taking on the task of research and development, it's important for companies and governments to consider some of the key factors associated with it. Some of the most notable considerations are:

  • Objectives and Outcome: One of the most important factors to consider is the intended goals of the R&D project. Is it to innovate and fill a need for certain products that aren't being sold? Or is it to make improvements on existing ones? Whatever the reason, it's always important to note that there should be some flexibility as things can change over time.
  • Timing: R&D requires a lot of time. This involves reviewing the market to see where there may be a lack of certain products and services or finding ways to improve on those that are already on the shelves.
  • Cost: R&D costs a great deal of money, especially when it comes to the upfront costs. And there may be higher costs associated with the conception and production of new products rather than updating existing ones.
  • Risks: As with any venture, R&D does come with risks. R&D doesn't come with any guarantees, no matter the time and money that goes into it. This means that companies and governments may sacrifice their ROI if the end product isn't successful.

Research and Development vs. Applied Research

Basic research is aimed at a fuller, more complete understanding of the fundamental aspects of a concept or phenomenon. This understanding is generally the first step in R&D. These activities provide a basis of information without directed applications toward products, policies, or operational processes .

Applied research entails the activities used to gain knowledge with a specific goal in mind. The activities may be to determine and develop new products, policies, or operational processes. While basic research is time-consuming, applied research is painstaking and more costly because of its detailed and complex nature.

Who Spends the Most on R&D?

Companies spend billions of dollars on R&D to produce the newest, most sought-after products. According to public company filings, these companies incurred the highest research and development spending in 2020:

  • Amazon: $42.7 billion
  • Alphabet.: $27.6 billion
  • Huawei: $22.0 billion
  • Microsoft: $19.3 billion
  • Apple: $18.8 billion
  • Samsung: $18.8 billion
  • Facebook: $18.5 billion

What Types of Activities Can Be Found in Research and Development?

Research and development activities focus on the innovation of new products or services in a company. Among the primary purposes of R&D activities is for a company to remain competitive as it produces products that advance and elevate its current product line. Since R&D typically operates on a longer-term horizon, its activities are not anticipated to generate immediate returns. However, in time, R&D projects may lead to patents, trademarks, or breakthrough discoveries with lasting benefits to the company. 

What Is an Example of Research and Development?

Alphabet allocated over $16 billion annually to R&D in 2018. Under its R&D arm X, the moonshot factory, it has developed Waymo self-driving cars. Meanwhile, Amazon has spent even more on R&D projects, with key developments in cloud computing and its cashier-less store Amazon Go. At the same time, R&D can take the approach of a merger & acquisition, where a company will leverage the talent and intel of another company to create a competitive edge. The same can be said with company investment in accelerators and incubators, whose developments it could later leverage.

Why Is Research and Development Important?

Given the rapid rate of technological advancement, R&D is important for companies to stay competitive. Specifically, R&D allows companies to create products that are difficult for their competitors to replicate. Meanwhile, R&D efforts can lead to improved productivity that helps increase margins, further creating an edge in outpacing competitors. From a broader perspective, R&D can allow a company to stay ahead of the curve, anticipating customer demands or trends.

There are many things companies can do in order to advance in their industries and the overall market. Research and development is just one way they can set themselves apart from their competition. It opens up the potential for innovation and increasing sales. But it does come with some drawbacks—the most obvious being the financial cost and the time it takes to innovate.

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DEKA

For over thirty years, DEKA Research & Development Corp. has made Manchester, New Hampshire home. Housed in the largest industrial complex of its time, the historic Amoskeag Millyard , DEKA employs a team almost a thousand strong, whose engineering, design, manufacturing and quality expertise make DEKA a hot spot for creating innovative solutions and advanced technologies. Located about an hour from Boston, the beach, and the mountains, DEKA is one of the leading research and development companies in the country and is the birthplace of some of the most innovative and life-changing products of our time.

– Illustration by Jack Kamen, Dean Kamen’s Father. Commissioned in the early 80’s depicting the potential of the Millyard. –

At the age of 30, Dean Kamen sold his first company, AutoSyringe, and in 1982 he founded DEKA to focus on medical innovations aimed to improve lives around the world. In 1989 he founded FIRST ® to build the next generation’s workforce. Dean continues to push DEKA to be a place where no idea seems too big and where creativity and crazy cool gizmos reign supreme.

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“ FIRST ® is more than robots. The robots are a vehicle for students to learn important life skills. Kids often come in not knowing what to expect—of the program, nor of themselves. They leave, even after the first season, with a vision, with confidence, and with a sense that they can create their own future.”

DEKA is located only an hour away from the mountains, beaches, lakes region and Boston, positioning itself as one of the leading research and development companies in the country.

Visit StayWorkPlay.org for more information about living and working in the beautiful state of NH.

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“don’t listen to the person who has the answers; listen to the person who has the questions.”, “life is so short. why waste a single day of it doing something that doesn’t matter, that doesn’t try to do something big”, “there are basically two types of people. people who accomplish things, and people who claim to have accomplished things. the first group is less crowded.”, “life is full of surprises, but never when you need one.”.

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By having an integrated cross-functional product development team, we can help support all phases of product development. We work together from research to production handoff, which means less coordination between partners and seamless transitions. Or, we can jump into your process right where you need us. 

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It’s important to have your development team understand the industry and market you’re in. Our growing team of 80+ is a compilation of niche specialists who dive deep into their product category, ranging from protective gear to medical devices. But with a range of experienced staff, we help each other “cross-pollinate” ideas across industries to fuel product innovations and new solutions. For each project, we build a team that brings in the right knowledge and skillset to tackle the challenge.

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Engineering Research & Development (R&D) of Non-Destructive Testing (NDT) Technologies & Applications

Mistras has served as a global leader in developing industry-leading non-destructive testing ( ndt ) inspection techniques and applications for decades, through the work of a team of dedicated engineers and a culture of innovation..

Driven by the need to find innovative solutions to solve our client’s problems, MISTRAS’ Research, Contracts & Application ( RC&A ) group was formed in 1992. Since that time, our Research & Development ( R&D ) teams have continued to work hand-in-hand with our partners, industry organizations, universities, and governments to continuously expand our knowledge and solution portfolio.

Over the years, we have been continuously improving our core technologies as part of an effort to offer the best field solutions to our customers. This effort includes a wide variety of industries from Aerospace & Defense to Food Processing to Nuclear Power to Biomedics.

Our R&D teams help us to improve our existing solutions, and innovate new ones, to enhance time, cost efficiency, and safety for our clients.

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With offices located all over the world, each of our individual locations is support by our global research, knowledge, and support network.

Our R&D teams employ a talented group of experts in the field of NDT technology. Their accomplishments have led to many innovations in the fields of Acoustic Emission ( AE ), Ultrasonic ( UT ), Eddy Current ( EC ), Thermography, and Resistivity science.

Our engineering teams employ dozens of Ph.D.’s with expertise in mechanical, electrical, software, and sensor engineering. Our staff is able to develop complete NDT systems from the sensors, to the electronic circuit boards, mechanical system packaging, software development, online monitoring and reporting, application expertise, and robotic automation for industrial turn-key solutions.

Our Research & Development teams have supported our service offerings for decades, supplying them not only with technical expertise, but also by developing, designing, and manufacturing many of the inspection and monitoring equipment and applications our teams use in the field.

Overall Design, Quality and Training

Because MISTRAS designs and manufactures our equipment in-house, our R&D teams are able to develop fully-customized systems for our customers. Leading companies and organizations in the oil & gas, aerospace & defense, and infrastructure industries regularly approach MISTRAS to solve their most difficult asset protection problems.

Our Engineering organization is fully ISO-9001-certified. All of our products are developed under the ISO-9001 system of procedures and work instructions.

Our engineers have all been trained in the ISO-9001 quality standard including each procedure and work instruction they are responsible working towards. MISTRAS provides NDT training for all engineers, who also stay abreast of hardware, software, and cutting-edge technologies being used throughout the industry through participation in industry organizations.

Product Development & Testing

MISTRAS develops all software, electronic circuitry and components, and sensors that are used in our non-destructive testing equipment completely in-house. Our engineering teams utilize a large and complete development laboratory to comprehensively test our products before release to our customers.

Our engineers staff develop test procedures for every circuit board and system that they develop. Each test procedure provides a list of the instruments needed in order to perform the full testing, a block diagram of the test equipment setup to the system or circuit under test, a step-by-step test procedure with measurements, and a test data sheet where all the measurements of the board or system are listed against acceptance criteria.

Each of these records are kept as a record of the test and calibration of that board or system and is available to the customer.

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Our engineers have complete sensor development and modeling capability to develop industry-leading AE &   UT . Every sensor engineer is responsible not only for the design of our new sensors, but also responsible for maintaining and improving our existing line of sensors, developing test fixtures and automation to help reduce manufacturing fabrication time, supporting manufacturing to assure consistency and quality.

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Startups Are Using AI to Predict Responses to Cancer Drugs

More accurate prognoses and treatments tailored to patients—entrepreneurs claim ai can be harnessed for breakthroughs in beating cancer. one founder is using lab-grown human organs in combination with ai to test drug efficacy..

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Biomedical startups are using artificial intelligence to predict the response patients will have to cancer treatments, aiming to increase the success of drugs in clinical trials and tailor therapies to individuals.

As data accumulate from clinical trials and fields such as gene and protein research, AI is helping scientists sift through large volumes of information to uncover signatures that correlate with response—or resistance—to treatment. Startups are using it to predict which drugs are likely to work in clinical studies and create tests to help doctors choose treatments.

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Why Novo Nordisk Stock Crushed the Market Today

Posted: January 4, 2024 | Last updated: January 4, 2024

A standout stock in the healthcare sector last year, Novo Nordisk (NYSE: NVO) isn't doing too badly so far in the embryonic days of 2024. On Thursday -- yet another gloomy day for the market when the S&P 500 index dipped by 0.3% -- the drugmaker's share price closed nearly 4% higher. Sparking that upbeat investor interest was news of a pair of research collaboration deals.

A pair of research collaboration deals

On Thursday morning, Novo Nordisk divulged that it had inked new arrangements with two U.S. biotechs: Omega Therapeutics (NASDAQ: OMGA) and privately held Cellarity. The deals fall under a framework agreement with healthcare-focused investment firm Flagship Pioneering, which has stakes in both Omega and Cellarity.

Under the terms of the arrangements, Novo Nordisk will collaborate with Omega and Cellarity on pre-clinical drug development. If their development activities are successful, the Denmark-based company could elect to conduct clinical trials on the candidate medications that come out of the collaborations.

Novo Nordisk is obligated to reimburse its partners for their research and development costs. Each can earn as much as $532 million in payments under the terms of the deals. They will also be eligible for royalty payments, should a co-developed drug receive marketing approval from regulators.

Bulking up by going external

While Novo Nordisk has been highly successful lately thanks to its hotly popular medications Wegovy and Ozempic, it still lacks the scale of a major pharmaceutical operation -- hence the need for such research tie-ups. If the collaborations with Omega and Clarity are managed well, the benefits to all three companies could be enormous.

"It is essential that we complement our internal research with external innovation and work with partners who are bringing forward cutting-edge technology," said Novo Nordisk Chief Scientific Officer Marcus Schindler in the press release about the arrangements.

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  1. Research Developers

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  2. List of Research And Development Companies

    Applied Minds, Llc. is an American company founded in 2000 by ex-Disney Imagineers Danny Hillis and Bran Ferren that provides technology, design, R&D, and consulting services to multiple firms, including General Motors, Intel, Northrop Grumman, Lockheed Martin, Herman Miller, Harris Corporation, Sony, and Sun MicroSystems.

  3. Building an R&D strategy for modern times

    The global investment in research and development (R&D) is staggering. In 2019 alone, organizations around the world spent $2.3 trillion on R&D—the equivalent of roughly 2 percent of global GDP—about half of which came from industry and the remainder from governments and academic institutions.

  4. Companies with highest R&D spending worldwide 2022

    Companies with the highest spending on research and development 2022 Industry sectors - expenditure on research and development 2021 Distribution of R&D expenditure globally 2021, by end use

  5. List of companies by research and development spending

    2018 top 50 The 50 companies with the highest research and development expenses in 2018. [2] 2017 top 20 The 20 companies with the highest research and development expenses in 2017 according to the Global Innovation 1000. [3] 2014 top 20

  6. Research & Development

    The Medical Affairs Leadership Academy, a 'field and forum' programme that aims to heighten the business and leadership capabilities of Medical Affairs divisions in our clients. The R&D Leadership Development Forum, which helps rising executives at pharmaceutical and biotech companies network and share their perspectives.

  7. Top Research and development companies

    Top Research and development Companies Top ranked companies for keyword search: Research AND development Search exact phrase instead: "Research and development" Export Skeleton Technologies Private Company Founded 2009 Germany Skeleton Technologies' patented curved graphene is changing the world of energy storage.

  8. Top Research & Development Companies

    Top Research & Development Companies Are you searching for a job at a top-rated company in the Research & Development industry? Find it with Glassdoor! Browse the highest-rated Research & Development companies based on anonymous employee reviews for a candid view of the top employers hiring near you.

  9. Research and Development Company

    Research and development companies or departments devise innovative products, services, and solutions that dominate the market and are tricky to imitate. A modern R&D division connects technical teams with marketing, sales, and customer service. That way, challenges and opportunities are fully understood.

  10. Research and Development Solutions & Companies & Services

    At Code & Pepper, projects are made with passion, know-how, and deliberate discussions with you as the single source of domain truth. We care for applications that run, look and perform seamlessly. R&D solutions should always mean exactly that - research and development. First, we understand what you need to create the outcome.

  11. Research and Development (R&D) Definition, Types, and Importance

    The term research and development (R&D) is used to describe a series of activities that companies undertake to innovate and introduce new products and services. R&D is often the first stage in...

  12. R&D capabilities for product and process innovation

    Our customers turn to Cargill for our scientific expertise whether the challenge is enhancing an existing product, improving process efficiencies, or uncovering a solution that helps them launch a first-to-market innovation. Our goal is to leverage Cargill research and development capabilities to generate distinctive value through new, improved ...

  13. Research & Development Companies

    3.0 72 reviews Research & Development • 1,001 to 5,000 employees At Third Bridge, we're a primary research business providing professional services to Private and Public Equity Investors, Investment Consultants, Investment Managers, and more. Explore See jobs Ipsos

  14. About Us

    DEKA Research & Development Corp. is a New Hampshire based company that brings expertise to the world of complex problem solving and improving lives. - Illustration by Jack Kamen, Dean Kamen's Father. Commissioned in the early 80's depicting the potential of the Millyard. -. " FIRST® is more than robots. The robots are a vehicle for ...

  15. Top Research & Development Companies in San Diego, CA

    Top Research & Development Companies in San Diego, CA Is it time for a new job in the Research & Development industry? Find one at a top-rated company near San Diego, CA!

  16. Research & Product Development Company

    Integrated Approach, Customized for You. By having an integrated cross-functional product development team, we can help support all phases of product development. We work together from research to production handoff, which means less coordination between partners and seamless transitions. Or, we can jump into your process right where you need us.

  17. Remote Research & Development for Your Company

    The term research & development, or R&D usually refers to the type of activity that companies or entrepreneurs undertake to create or improve products and processes. In a broad sense, R&D definition covers the scope of scientific research, the fundamental processes carried out in scientific laboratories, such as testing products before release ...

  18. Novo Signs $1.1 Billion Obesity R&D Deals With Two Biotechs

    Novo Nordisk A/S, the drugmaker behind the hit obesity treatment Wegovy, signed research deals with a pair of biotechs backed by Flagship Pioneering, agreeing to pay as much as $1.1 billion to ...

  19. Research Developers Company Profile & Overview

    The overall rating of Research Developers is 2.8, with Salary & Benefits being rated at the top and given a rating of 3.1. However, Skill development is rated the lowest at 2.3. To know first hand how is it like to work at Research Developers read detailed reviews by job profile, department and location in the reviews section.

  20. Research & Development

    Driven by the need to find innovative solutions to solve our client's problems, MISTRAS' Research, Contracts & Application ( RC&A) group was formed in 1992. Since that time, our Research & Development ( R&D) teams have continued to work hand-in-hand with our partners, industry organizations, universities, and governments to continuously ...

  21. Startups Are Using AI to Predict Responses to Cancer Drugs

    Photo: Giro Studios. Biomedical startups are using artificial intelligence to predict the response patients will have to cancer treatments, aiming to increase the success of drugs in clinical ...

  22. Fiber Optics Research Center RAS

    About us. Fiber Optics Research Center of the Russian Academy of Sciences (FORC RAS) carries out fundamental and applied research on a variety of problems of modern fiber optics. FORC is the principal research center in this field in Russia and is recognized as one of the world's leaders. FORC was founded in 1993 on the basis of the Fiber ...

  23. Find Scientific Research and Development Services Companies in

    Find detailed information on Scientific Research and Development Services companies in Elektrostal, Russian Federation, including financial statements, sales and marketing contacts, top competitors, and firmographic insights. Dun & Bradstreet gathers Scientific Research and Development Services business information from trusted sources to help ...

  24. China Seeks Nuclear Fusion Leap Through New R&D Company

    January 1, 2024 at 9:10 PM PST. Listen. 1:18. China unveiled a new national company and formed a broad coalition of industrial giants to advance research in nuclear fusion technology. The ...

  25. 12 emerging trends for 2023

    Many of the dramatic changes in society are fueling faculty burnout, high turnover, and political attacks on academic freedom. Policymakers are taking aim at women and LGBTQ+ individuals. Alarming policy trends are affecting people's mental health, but psychologists are fighting back. Psychologists persevere in EDI work despite growing backlash ...

  26. Why Novo Nordisk Stock Crushed the Market Today

    Novo Nordisk is obligated to reimburse its partners for their research and development costs. Each can earn as much as $532 million in payments under the terms of the deals.

  27. Cjsc «Ntc Geotechnokin»

    CJSC "NTC GEOTECHNOKIN" is among the leaders in providing a wide variety of services for oil companies, concerning monitoring reservoir development with a help of nuclear geophysics methods, remedial cementing, well killing, bottom-hole treatment, intensification of oil production. The company owns production bases in oil-producing regions ...

  28. Euro Roundup: Swissmedic reorganizes to clarify medical device and

    Swissmedic committed to @making legal responsibilities for medical devices more visible and stepping up international collaboration in this area@ in its 2023 to 2026 strategic plan. The priorities reflect the belief that there has been little harmonization of medical device regulations, despite it being a global industry dominated by companies with operations around the world.

  29. Explainer: Adani vs Hindenburg Research: What you need to know

    Hindenburg's report sparked a $150 billion meltdown in shares of Adani's publicly listed companies last year. Though the shares are still down roughly $47 billion from their levels before the ...