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 […]
Logistics firm Etihad Cargo partnered with Awery Aviation Software, aviation and aerospace component manufacturing firm on Wednesday, to meet the growing demand for charter services due to the global rise in the e-commerce sector. The cargo service provider said it has implemented a customized version of Awery’s Enterprise Resource Planning (ERP) to manage its Cargo […]
Automation machinery manufacturer Schneider Electric collaborated with United Technology of Electric Substations and Switchgears (UTEC), electronic power distributor on Tuesday, to enhance local value creation within Schneider Electric’s data center business. Subsidiary of Bawan Group, UTEC will integrate Schneider Electric’s modular data center systems using its local resources and expertise, which includes engineering, design, manufacturing, […]
Technology services and consulting company Wipro, on Monday, partnered with Nutanix to launch a new business unit to aid mutual clients in maximizing the value of Nutanix Cloud investments and accelerating digital and hybrid multi-cloud journeys of the multi-cloud computing company. Wipro said this partnership aims to establish highly robust, durable, and agile cloud operating […]
S&P Global Ratings forecast economic growth of 2% to 3% in the Gulf Cooperative Council (GCC) region in 2024 on Monday, with sustained oil-related growth and a solid 4% to 5% rise in the non-oil economic activity in the UAE and Saudi Arabia benefitting from large public investments and FDIs (Foreign Direct Investments). S&P Global […]
Defence Research and Development Organisation (DRDO), on Monday, carried out the first successful flight test of the Agni-5 missile, a homegrown weapon that uses multiple independently targetable re-entry vehicle (MIRV) technology. Mission Divyastra was an aerial test carried out from Dr APJ Abdul Kalam Island, in the state of Odisha, said Press Information Bureau (PIB). […]
Renewable energy company Adani Green Energy Limited (AGEL), on Tuesday, operationalized a cumulative capacity of 1,000 megawatts (MW) solar energy project at renewable energy park at Khavda, Gujarat. The renewable energy project installed about 2.4 million solar modules and is expected to be finished in the next five years, creating over 15,200 green jobs, said […]
South Korean LG Electronics (LG), on Monday, said it will acquire a majority stake in the California-based start-up Bear Robotics through an investment of $60 million as part of LG’s expansion and advancement in service robotics. The electronics company said, upon the closing of the deal, LG will hold the largest portion of shares in […]
Commercial real estate advisor Newmark Group will expand its footprints by opening a new outlet in Paris on Monday, as part of the company’s global expansion to focus on capital markets and leasing. The launch of its workplace in Paris, France initiated with the appointment of Francois Blin and Emmanuel Frénot as Chief Business Officer […]
Apex Trade Union All India Bank Officers’ Confederation (AIBOC), on Friday, signed the ninth joint note with Indian Bank Associations (IBA) for officers, which concluded in favour of a five-day work week as well as better pay, benefits, and working conditions for bank employees. AIBOC said the five-day work week will alter the existing working […]
Automation machinery manufacturing firm Rockwell Automation, on Monday, launched its switchboard manufacturer CUBIC across the Asia Pacific region, with an aim to expand its footprint globally. CUBIC specializes in IEC-61439-compliant modular enclosure systems tailored for power and electrical panel construction. The firm said the expansion looks to provide CUBIC’s product line to fast-growing industries, which […]
Indian Prime Minister Narendra Modi shared on social media platform X on Sunday, of India partnering with European Free Trade Association countries through the India-EFTA Trade and Economic Partnership Agreement (TEPA). Established in order to benefit its four member states (Iceland, Liechtenstein, Norway, and Switzerland) and its commercial partners worldwide, the European Free Trade Association […]
As Dubai continues to solidify its position as a global tourism hub, the demand for innovative and flexible accommodation options is on the rise. Primestay Vacation Homes Rental LLC is at the forefront of this evolution, redefining the concept of travel and stay in the Emirates. With its finger on the pulse of modern travelers’ […]
Robot design and manufacturer Serve Robotics, on Thursday, initiated trade of its common shares on the United States-based stock exchange OTCQB, also called the Venture Market operated by the OTC Markets Group under the symbol ticker symbol ‘SBOT’. In early August, the firm was acquired by Patricia Acquisition, public Delaware company and it raised about […]
Private life insurance company HDFC Life partnered with Gujarat Giants on Thursday, for women’s cricket season, with an aim to encourage women to financially plan for their ambitions while safeguarding the future of their loved ones. Women who are economically empowered have more access to the labor market and can voice their opinions in domestic […]
