Infrastructure engineering software firm Bentley Systems, on Thursday, promoted insider Nicholas Cumins as the Chief Executive Officer, replacing Greg Bentley, who will retire from the position and transition to Executive Chair of the company’s board, effective on July 1. The firm said the announcement was made during the opening event for Bentley Systems’ new UK […]
Motor vehicle manufacturing company Maruti Suzuki India invested over ₹1.99 Crore ($238.4 million) in Amlgo Labs on Saturday, with the aim of working in the fields of artificial intelligence (AI), machine learning (ML), cloud engineering, and data analytics to support businesses in making data-driven decisions. The carmaker said this is the second investment in a […]
Motor vehicle manufacturing Mahindra and Mahindra signed a memorandum of understanding (MoU) with Adani Total Energies E-Mobility (ATEL) on Thursday, to broaden energy vehicle (EV) charging facilities in India. The agreement will include the rollout of e-mobility solutions to enable users with seamless access to the charging network including discovery, availability, navigation, and transactions, added […]
Audience data and analytics firm Nielsen said it signed a deal with Lyft, ride-booking platform on Thursday, to measure Lyft’s in-app advertisements through Lyft Media. The data analytic firm said Lyft will utilize three measurement solutions, which are Nielsen ONE Ads, Brand Impact and Buyer Lift to enhance the effectiveness of the advertisement campaigns by […]
Semiconductor chips manufacturer Polymatech Electronics is set to launch its initial public offering (IPO) and is looking to raise around ₹750 to ₹1000 Crore ($89.9 million to $119.9 million),based on a report of Moneycontrol on Thursday. The report also said the price range is expected between ₹680 and ₹750 per share, while Polymatech also intends to […]
The Justice Department along with 16 other state and district attorneys general, on Thursday, filed a civil antitrust lawsuit in the U.S. District Court for the District of New Jersey against iPhone maker Apple, in Section 2 of the Sherman Act for monopolizing or attempting to monopolize smartphone making in the country. Apple, founded by […]
IT services and consulting GlobalSpace Technologies signed a memorandum of understanding (MoU) to acquire a 51% ownership stake in InnoPharm Healthcare, tech service provider in pharmaceutical sector, on Thursday. GlobalSpace Technologies said this strategic move intends to establish a powerhouse of integrated solutions and a unique value proposition for the combined client base, cross-selling opportunities […]
Finance company Policy Bazaar Fintech received approval from its board on Wednesday, to establish PB Pay Private Limited, a wholly-owned subsidiary of the company to operate as a payment aggregator. The company aims to facilitate payment services both domestically and cross-border, subject to approval by the Reserve Bank of India (RBI), by facilitating offering merchants […]
Bharti Airtel’s unit Bharti Hexacom is gearing up for its initial public offering (IPO), which is expected to launch in April. The company aims for a valuation of over ₹28,000 crore ($337.8 million), reported CNBC-TV18 on Thursday. The IPO is projected to raise about ₹4,300 crore, according to the report of CNBC-TV18 and this comes […]
Raw material manufacturer JSW Group partnered with Morris Garages (MG) Motor India on Wednesday, and the company outlined big plans for the Indian automobile sector, including the development of new energy vehicles. The newly created joint venture will be formally called JSW MG Motor India. JSW MG Motor India intends to launch one new model […]
Technology services and consulting company Wipro appointed insider Anne-Marie Rowland as Chief Executive Officer of its subsidiary Capco on Wednesday, effective April 1. Rowland has been currently working with tech and management consultancy firm Capco as Managing Partner in United Kingdom and Ireland for 14 years. She also worked with Accenture for four years as […]
Steel-making company Tata Steel UK said Port Talbot-based Morfa Coke Ovens made its last ‘push’ on Wednesday, making it the last day of operation. The initial notice was released by CEO Rajesh Nair on Monday, stating to cease the operation of Morfa Coke Ovens as it has been deteriorating over many months despite many efforts […]
Shell New Energies US, a subsidiary of Shell Plc, on Wednesday, divested its 50% equity in SouthCoast Wind Energy, established to develop offshore wind projects, to Ocean Winds North America, wind electric power generator. SouthCoast was initiated in the year 2018, for a 50-50 joint venture between Shell and Ocean Winds to develop an offshore wind […]
Renewable energy company Good Enough Energy, on Tuesday, said it is set to start Battery Energy Storage System (BESS) gigafactory by investing $450 Crore ($54 million) for grid stability with an initial capacity of seven gigawatt hours (GWh) in Jammu and Kashmir, India. The company said its battery gigafactory will begin operations in October, with […]
Microsoft appointed Mustafa Suleyman, Co-Founder of Google’s DeepMind as Executive Chief of its newly launched division Microsoft AI on Tuesday, while also naming Karén Simonyan as Chief Scientist of the new wing. The new division will focus on advancing consumer artificial intelligence (AI) products and research, which includes Copilot, Bing, and Edge, said the firm. […]
