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 […]
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 […]
