Global food delivery application Uber Eats, on Tuesday, launched its self-driving sidewalk robots in Tokyo, Japan, in collaboration with software developer Cartken and electronics manufacturing firm Mitsubishi Electric. The firm said it looks to deliver food orders to the doorsteps of consumers with its self-driving robot replacing human representatives, taking steps to automate the delivery […]
Car maker Tata Motors Limited (TML) announced a split of business on Monday, into two distinct listed companies and all TML shareholders will maintain the same percentage of shares in both listed companies. Tata Motors divided the companies into commercial vehicles (CV) and related investments in one entity, while passenger vehicles (PV), electric vehicles (EV), […]
Global technology consulting and digital solutions company LTIMindtree and its peer in Middle East Aramco Digital, on Wednesday, signed a shareholders’ agreement to launch an IT services firm in the Kingdom of Saudi Arabia. LTIMindtree said the potential company, formed in partnership with the subsidiary of Aramco, would demonstrate innovation in action, such as disruptive […]
Advent International said the investment company along with its peer Multiples Private Equity entered into a definitive agreement with Financial services Svatantra Microfin for an investment of $230 million, on Monday. Advent said the deal marks the largest investment by private equity investors in the microfinance sector in India. Ananya Birla-backed Svatantra Microfin completed the […]
Renewable energy power generation company Jakson Green collaborated with Solar Energy Corporation of India (SECI) on Monday, by signing its first power purchase agreement (PPA) for a utility-scale solar photovoltaic (PV) power plant. The company said Jakson will make sure the required permits are obtained and Inter State Transmission System (ISTS) network is connected in […]
Resources and training company Project Management Institute (PMI) published its 15th annual Pulse of the Profession report on Monday, to find convincing evidence that organizations can provide work location flexibility and agility without affecting project execution and performance. The study was concluded based on the survey results of 2,246 project professionals and 342 senior leaders […]
Amazon-owned Amazon Web Services (AWS), on Monday, said it is planning to invest $5.3 billion as well as to launch an AWS infrastructure region in Saudi Arabia (SA) in 2026. The company said the launch looks to provide business sectors with the option to host their applications locally, ensuring content can be kept in-country as […]
Multinational engineering research provider L&T Technology Services (LTTS) collaborated with semiconductor manufacturing Intel on Tuesday, with an aim to create and provide scalable edge-AI solutions for a variety of use cases, including cellular vehicle-to-everything (CV2X) applications. The company said it experience in linked vehicles and smart transportation systems has been critical in the development and […]
Century Communities, on Monday, said David Messenger Chief Financial Officer of the real estate company is stepping down, effective March 22, to pursue new opportunities. The company named Scott Dixon as Interim CFO, who is presently serving as Assistant Chief Financial Officer, until a permanent successor is appointed. Messenger has been with the company as […]
Walmart-owned Flipkart partnered with Axis Bank on Sunday, to launch its UPI handle to further enhance its digital payment aid for all customers including over 500 million online shoppers of Flipkart. The company said Flipkart UPI would initially be available to Android users. Customers may now register for UPI with the @fkaxis handle and use […]
Paytm’s parent company One 97 Communications Limited (OCL) board agreed to discontinue various inter-company agreements with Paytm Payments Bank Limited (PPBL) on Friday, as well as introduced additional measures to strengthen its approach towards independent operations of PPBL. In a risky road for Paytm Payments Bank with RBI restricting the bank on a regulatory basis […]
Tata Groups owned Tata Electronics partnered with Taiwan-based Powerchip Semiconductor Manufacturing Corporation (PSMC) on Friday, to supply the advanced greenfield facility in Dholera, Gujarat with technology and operational assistance. The company said the new semiconductor fabrication facility (Fab) will produce chips for applications like power management integrated circuits (IC), display drivers, microcontrollers (MCU) and high-performance […]
Tech-based solution provider Humane collaborated with SoftBank on Wednesday, with an aim to transform the AI experience in Japan at the event Mobile World Congress. The company said this partnership aims to enable SoftBank to become the exclusive telecom provider for AI Pin in Japan, leveraging its advanced services and engaging customer touchpoints to introduce […]
Public funded research institution Centre for Development of Telematics (C-DOT) said it will partner with Qualcomm Incorporated owned Qualcomm Technologies, on Friday, to stimulate India’s telecom ecosystem of developers, start-ups, academia, and industry partners. C-DOT said with Qualcomm Technologies expertise and practices it looks to support cutting-edge technology, intellectual property training and tools. Telecommunications firm […]
Emirate of Abu Dhabi-owned ADNOC acquired about 30% shareholding in OMV AG (OMV), an energy and chemicals group from Mubadala Investment Company (Mubadala) financial institute on Friday, to accelerate the delivery of its chemical growth strategy. Following the transaction, the company said it will own 24.9% of OMV, while Austrian-based firm Österreichische Beteiligungs AG (ÖBAG), […]
