California-based Lowell Farms, on Wednesday, appointed insider Jamie Schniedwind as Chief Financial Officer, effective February 16, taking over from the interim CFO Tessa O’Dowd. Schniedwind joined Lowell Farms as Director of Financial Planning and Analysis in June 2022, since then, he created internal financial reporting cycles, established SQL-based dashboards for real-time financial visibility, and led […]
Emirate of Abu Dhabi-owned ADNOC said the company along with oil and gas BP is on board to form Joint Venture (JV) in Egypt on Wednesday, with BP holding 51% and ADNOC holding 49%. The collaboration aims to combine both the firm’s technical capabilities to grow a highly competitive gas portfolio. JV is expected to […]
Wireless communication solution provider Saankhya Labs, on Wednesday, said the Ministry of Electronics and Information Technology (MeitY) approved its application under Government of India’s Semiconductor Design Linked Incentive (DLI) scheme for development of a System-on-Chip (SoC) for 5G telecom infrastructure equipment. The DLI scheme offers financial incentives as well as design infrastructure support across various stages of […]
Chemical manufacturer LG Energy Solution signed an offtake agreement with peer firm Wesfarmers Chemicals, Energy and Fertilisers (WesCEF) on Tuesday, for lithium concentrate as well as to deliver efficient and sustainable power solutions to the North American market. The collaboration will allow WesCEF to supply about 85,000 tons of lithium concentrate to LG Energy, which […]
Space agency National Aeronautics and Space Administration (NASA), on Tuesday, said it will launch a space telescope called UVEX (UltraViolet Explorer) to survey ultraviolet light across the sky with an aim to gather insight into how galaxies and stars evolve. The UVEX is expected to launch in 2030, as its next Astrophysics Medium-Class Explorer mission, […]
Batteries service provider Yuma Energy, on Tuesday, said the company has completed swapping10 million lifetime batteries, which also coincides with the first anniversary of the company, having commenced operations in last February. Yuma’s BaaS (battery-as-a-service) network has widened to about 125-plus Yuma stations marking 800,000 swaps per across its markets in Bengaluru, Mumbai, Navi Mumbai, […]
Renewables and environmental company Fuelre4m, on Tuesday, launched fossil fuel reforming organic, nano-biotechnology to make fossil fuel consumption efficient and affordable while transforming the way industries power their vehicles and generate electricity. The firm said it looks to bring innovative solutions to make the fossil fuel consumption process cleaner, more efficient, and cost-effective while accelerating […]
Aerospace component manufacturing firm Intuitive Machines in collaboration with Elon Musk-owned SpaceX on Monday, analyzed the data from the lunar lander fueling tests for the IM-1 mission and completed the determined testing campaign. Intuitive Machines said the liftoff of the IM-1 mission is targeted for a multi-day launch window which opens at 12:57 hours (EST) […]
Electric aircraft developer Joby Aviation signed an agreement with Dubai’s Road and Transport Authority (RTA) and Skyports Infrastructure, an aerospace component manufacturing firm on Sunday, to launch air taxi services in the Emirates by early 2026, targeting initial operations by 2025. The firm said this deal was signed at the World Governments Summit in Dubai, […]
India’s digital payment system Unified Payment Interface (UPI) is expanding its services to Sri Lanka and Mauritius as well as launching the indigenous payment card RuPay in Mauritius, on February 12 at 1300 hours (IST) via video conferencing, stated External Affairs Ministry on Sunday. The launch aims to benefit a wide cross-section of people through […]
The Reserve Bank of India’s (RBI) Governor Shaktikanta Das gave the first monetary policy statement of 2024 on Thursday, forecasting the condition of inflation, economic growth and possibilities of emerging companies’ contributions to the GDP (Gross Domestic Product) of the nation. Das said the global economy continues to present a mixed picture, where inflation is […]
Indian real estate firm Mahindra Lifespaces introduced a Carbon Calculator on Thursday, which is designed for user-friendly interaction, with an aim to drive change, towards a greener and more sustainable future. The company said this carbon calculator allows individuals to assess their carbon footprint based on factors like food, transport, and power consumption. With a […]
Software firm Vistex, on Wednesday, appointed Amos Biegun, executive of the company to take over as interim Executive Chief, after the demise of its late Founder and CEO Sanjay Shah. Biegun is senior executive with the Hoffman Estates, Illinois-based company, having most recently served as Global Head of Rights & Royalties/Managing Director (UK) at Vistex, […]
Telecommunication firm Tata Communications partnered with global tech giant Microsoft on Wednesday, to enhance usability and security, while also making sure of regulatory compliance for MS Teams to be made available on a single platform in India. The telecom firm’s GlobalRapide platform will enable both Indian business users as well as users abroad to engage […]
Snap Inc, parent of personalized emoji creator Bitmoji said in a letter to its investors on Tuesday, it would cut 10% of its global workforce, owing to revenue acceleration and boost cash flow of the company. Snap missed Wall Street analysts’ estimates for fourth-quarter revenue, as the Snapchat owner continued to struggle to compete against […]
