Electric vehicle maker VinFast, on Monday, established its subsidiary V-Green Global Charging Station Development Company (V-Green) to bring innovation in the charging infrastructure system for VinFast vehicles as well as make Vietnam a desirable destination for electric charging. The firm said V-Green will invest 10 trillion Vietnamese Dong ($403 million) over the next two years. […]
Modernization engineering company Sonata Software signed a joint go-to-market agreement with Zones, a global provider of end-to-end IT solutions on Monday. The company said as part of a five-year cooperation, Zones and Sonata Software will provide combined services and industry-specific solutions to enhance cost reduction and data optimization. This agreement will let clients take advantage […]
Robot maker Apptronik’s Apollo, commercial humanoid robot was recently employed by luxury car maker Mercedes-Benz, in its manufacturing facilities to empower the staff with customized technology. In late August, Apptronik launched Apollo, to operate in a warehouse and manufacturing unit and transform industrial workforce. Apollo being modular, has the flexibility to be mounted in any […]
PhonePe-owned Indus Appstore said its application was installed by over one million users on Monday, within just a month of its launch. Indus Appstore has seen a wide range of app categories gain popularity with finance, games, social, entertainment, tools, communication and shopping leading the download statistics, said the company, while 45% of users come […]
Valuation of the e-commerce firm Flipkart has decreased as of January 2024 compared to January 2022 by $5 billion (₹ 41,000 crore), according to equity transactions conducted by its parent Walmart, reported The Press Trust of India (PTI) on Sunday. As a result of Walmart’s adjustment to Flipkart’s ownership structure, PTI’s report mentioned, the valuation […]
Oil and gas company ADNOC, on Monday, signed a 15-year agreement with Singapore-based peer SEFE Marketing and Trading, for the supply of 1 million metric tonnes per annum (MMTPA) of liquefied natural gas (LNG). LPG will be sourced from its Ruwais LNG project, said ADNOC. Additionally, in late December 2023, the firm joined forces with […]
BP’s electric vehicle charging brand BP Pulse acquired GSE Group-owned Ashford International Truckstop in Kent, a truck transportation halt area. This area is considered to be one of the largest truck stops in Europe. BP Pulse said the acquisition is with an objective to create a Europe-wide network of electric truck electric vehicles (EV) charging […]
Automobile manufacturer Nissan Motor is considering to seek a business partnership with peer Honda Motor on key components for electric vehicles to cut production costs, reported Reuters News Agency based on sources from Nissan on Friday. The details of the partnership are not disclosed as the discussions are in the stage of conception. The partnership […]
National Payments Corporation of India (NPCI), on Thursday, officially authorized Paytm’s Parent One97 Communications Limited (OCL), to participate in the unified payments interface (UPI) as a Third-Party Application Provider (TPAP) within the multi-bank model. Amid the ongoing regulatory issues from the Reserve Bank of India (RBI), One97 Communications is looking to lay off 20% of […]
Automobile manufacturer Tata Motors Group, on Wednesday, signed a memorandum of understanding (MOU) with the Government of Tamil Nadu, India to initiate an investment of ₹9,000 Crore ($1.09 billion) and establish vehicle manufacturing in the state. The automotive firm said the investment will be made in five years and is aiming to create 5,000 direct […]
Power generator RWE, on Wednesday, initiated the construction of its solar farms in the United Kingdom, which includes seven projects representing 330 megawatts (MW). The solar project is launched after the acquisition of JBM Solar, UK-based renewables developer. The deal included 6.1 gigawatts (GW), split into 3.8 GW capacity of solar and 2.3 GW of […]
Reliance Industries agreed to purchase the entire 13.01% equity interest of certain Paramount Global’s subsidiaries in Indian conglomerate-owned Viacom18 Media for a value of ₹4,286 Crore ($517 million) on Wednesday. Reliance, in a joint venture with The Walt Disney agreed to invest ₹11,500 Crore to support the brand’s expansion goal. The company valued the deal […]
Financial service provider Khaleeji Bank, on Wednesday, collaborated with its peer Eskan Bank to provide Shari’a-compliant Home Financing solutions, also known as Islamic home finance to citizens. Under this agreement, the banks will finance under the ‘Joint Guarantee’ program with an aim to provide a diverse range of banking products and services and promote economic […]
Motor vehicle manufacturing Ola Electric planned to launch Raahi, an electric autorickshaw manufactured by the company and marketed directly to consumers, reported the Economics Times (ET) on Wednesday, which is expected to enter the market in late March. There is a peak rise in market presence for electric vehicles, including bikes, cars, buses, and autorickshaws, […]
Hypermarket brand Vishal Mega Mart, on Tuesday, planned an initial public offering (IPO) for $1 billion, reported Reuters News Agency based on source data and said, this move is projected to put the budget supermarket chain’s value at close to $5 billion. Based on the Reuters report, Switzerland’s Partners Group and India’s Kedaara Capital both […]
