IT services and consulting company Minfy and Amazon Web Services (AWS) partnered through a strategic collaboration agreement (SCA) on Wednesday, where the SCA will support $500 million in overall business growth through international expansion over the next four years. The company said the goal of this collaboration is to expand Minfy’s utilization of cloud services […]
Division of HCLTech HCLSoftware launched its BigFix workspace and enterprise solutions on Wednesday, to revolutionize endpoint management and security automation for organizations worldwide. Enterprises are at the forefront of digital transformation in information technology. HCL BigFix AEX is a conversational AI platform that automates a diverse set of use cases across industries and business activities. […]
Global e-commerce platform Amazon, on Wednesday, invested $2.75 billion in Anthropic, marking its total investment to $4 billion for a minority ownership position in the AI company. Last September, the multinational online shopping platform initiated the partnership agreement with an initial investment of $1.25 billion, said Amazon. The collaboration aims to bring advanced generative artificial […]
Financial services company Bajaj Housing Finance has taken significant steps toward its initial public offering (IPO) on Thursday, and aims to achieve a valuation in the range of $9 billion to $10 billion, based on a report of The Moneycontrol. The company intends to collect between $900 million to a billion dollars via the IPO, […]
Investcorp, investment management firm appointed insider Abbas Rizvi as its Group Chief Financial Officer on Wednesday, replacing Jan Erik Back, who is to retire from his position, effective April 1. Rizvi has been with the Bahrain-based firm for about two decades, under several leadership roles. Most recently, he was heading financial management for about four […]
Renewable energy company Adani Green Energy commissioned a 180-megawatt (MW) solar power plant at Devikot in Jaisalmer, Rajasthan on Wednesday. The plant has a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI). The company said the solar plant would generate roughly 540 million units of electricity annually and will power […]
Global tech giant Microsoft, on Wednesday, expanded its newly launched conversational chat interface Copilot Pro subscription across the Middle Eastern region to enhance the users’ productivity and creativity. This was initiated after the company recently appointed Mustafa Suleyman as Executive Chief of its newly launched division Microsoft AI, where the new division focuses on advancing […]
Oman-based BankDhofar, on Tuesday, launched a contactless payment solution Dhofar-Pay, allowing its customers to seamlessly tap and transfer money with their Near-field communication (NFC)-enabled Android phones for convenience and security. Dhofar-Pay users will have to link their debit card details with their Android phones, transforming the device into a digital card for transactions through a […]
Thermal power producer Adani Power (APL) acquired 100% equity of Lanco Amarkantak Power on Tuesday, with the approval of Competition Commission of India (CCI). The company aims to strengthen its capacity and reinforce its commitment to expanding its presence in the energy industry. This is said to be Adani Power’s second acquisition in the current fiscal year […]
Amazon’s online medications delivery Amazon Pharmacy, on Tuesday, launched same-day delivery of prescription medication in New York City and the greater Los Angeles area. The firm also aims to expand its services to all parts of United States cities by the end of 2024. Amazon Pharmacy along with the chemists have employed generative artificial intelligence […]
Boeing, on Monday, said Dave Calhoun, Chief Executive of the aerospace company will be stepping down from his position by the end of 2024, which comes after U.S. regulators temporarily grounded 171 Boeing 737 MAX 9 jetliners for safety checks earlier this year. The airline maker has been wrestling with a growing crisis following a […]
Tejas Networks, telecom and networking company, on Tuesday, signed a memorandum of understanding (MoU) with Telecom Egypt, with an aim to propel Egypt’s telecommunication sector. The optical networking company said it will share its experience in implementing the Bharatnet (Rural Broadband Project) and NKN (National Knowledge Network) projects in India. Also, the company said its […]
Commercial ports operator Adani Ports and Special Economic Zone (APSEZ) acquired a 95% stake in Gopalpur Port (GPL) on Tuesday, for an equity value of ₹3,080 crore ($369.6 million). The deal involved acquiring a 56% stake from Shapoorji Pallonji (SP) Port Maintenance and a 39% stake from Orissa Stevedores of GPL. The company also said […]
Video conferencing service provider Zoom Video Communications, on Monday, launched Zoom Workplace, an artificial intelligence (AI) incorporated open collaboration platform, to provide users with an all-in-one AI-powered experience as well as reimaging teamwork to power advanced work. The firm said Zoom Workplace will include AI Companion features for Zoom Phone and extended capabilities with Ask […]
Oil and gas company QatarEnergy, on Sunday, signed a time-charter party (TCP) agreement with energy transportation and maritime services provider Nakilat for operating 25 conventional-size liquefied natural gas (LNG) vessels, as part of the second ship-owner tender under QatarEnergy’s LNG Fleet Expansion Program. The agreement was signed by His Excellency Saad Sherida Al-Kaabi, Executive Chief […]
