Satellite service provider Arab Satellite Communications Organization (Arabsat), on Wednesday, signed a memorandum of understanding (MoU) with Telesat to establish a long-term partnership with the Canada-based satellite operator. The company said this partnership looks to integrate Telesat Lightspeed LEO (Low Earth Orbit) network with Arabsat’s multi-orbit offering in the Middle East and North Africa (MENA) […]
Global technology consulting and digital solutions company LTIMindtree, on Thursday, appointed Vipul Chandra as Chief Financial Officer of the company, effective April 25. The newly appointed CFO has about three decades of experience in financial management. He most recently worked with the parent firm Larsen & Toubro as Treasurer of the firm since 2013, managing […]
Tech giant Cognizant, on Thursday, launched an advanced artificial intelligence (AI) lab based in San Francisco to advance the science and practice of AI through innovation as well as the development of intellectual property and AI-enabled technologies. In February, peer Wipro, with IBM, launched its enterprise artificial intelligence (AI) ready platform that will allow clients […]
Steel company Jindal South West (JSW) Steel appointed Robert Simon as Chief Executive Officer (CEO) of the company’s division in the USA on Wednesday. The company said Simon will lead the overall business comprising slab, coil, pipe, and plate production as well as sales at Baytown and Mingo Junction. He, most recently, worked with Buffalo […]
Multinational federation of companies Mahindra Group collaborated with Johnson Controls to decarbonize India’s public, commercial, and residential buildings by launching the net zero buildings initiative, on Wednesday. Legislative bodies across developed countries enacted regulations aimed at reducing emissions, and investors made net-zero pledges. According to McKinsey’s research, real estate accounts for about 39% of global […]
Financial service provider PayTabs Group said it completed the integration of a national payment method to enhance its payment orchestration platform in the Kingdom of Saudi Arabia at tech event LEAP Expo, on Wednesday. PayTabs said the integration looks to expand its payment processing services to government entities, financial institutions, and fintech companies including transferring […]
India-based real estate developers Godrej Properties (GPL), on Monday, said it has signed definitive agreements to construct a township project in North Bengaluru, under a profit-sharing model. The project aims to provide clients with a high-quality living experience, modern amenities, and exceptional connectivity. GPL said the estimated booking value is expected to be ₹5,000 crore […]
The multinational financial institution J.P. Morgan Chase & Co, on Tuesday, became a principal member of France-based payments network Cartes Bancaires (CB) to provide business access to transfer funds via the French payment network by 2024. The investment and commercial bank said it received the license in mid-February to become the US bank to be […]
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 […]
