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 […]
Multinational engineering research provider L&T Technology Services (LTTS) collaborated with semiconductor manufacturing Intel on Tuesday, with an aim to create and provide scalable edge-AI solutions for a variety of use cases, including cellular vehicle-to-everything (CV2X) applications. The company said it experience in linked vehicles and smart transportation systems has been critical in the development and […]
Century Communities, on Monday, said David Messenger Chief Financial Officer of the real estate company is stepping down, effective March 22, to pursue new opportunities. The company named Scott Dixon as Interim CFO, who is presently serving as Assistant Chief Financial Officer, until a permanent successor is appointed. Messenger has been with the company as […]
Walmart-owned Flipkart partnered with Axis Bank on Sunday, to launch its UPI handle to further enhance its digital payment aid for all customers including over 500 million online shoppers of Flipkart. The company said Flipkart UPI would initially be available to Android users. Customers may now register for UPI with the @fkaxis handle and use […]
Paytm’s parent company One 97 Communications Limited (OCL) board agreed to discontinue various inter-company agreements with Paytm Payments Bank Limited (PPBL) on Friday, as well as introduced additional measures to strengthen its approach towards independent operations of PPBL. In a risky road for Paytm Payments Bank with RBI restricting the bank on a regulatory basis […]
Tata Groups owned Tata Electronics partnered with Taiwan-based Powerchip Semiconductor Manufacturing Corporation (PSMC) on Friday, to supply the advanced greenfield facility in Dholera, Gujarat with technology and operational assistance. The company said the new semiconductor fabrication facility (Fab) will produce chips for applications like power management integrated circuits (IC), display drivers, microcontrollers (MCU) and high-performance […]
Tech-based solution provider Humane collaborated with SoftBank on Wednesday, with an aim to transform the AI experience in Japan at the event Mobile World Congress. The company said this partnership aims to enable SoftBank to become the exclusive telecom provider for AI Pin in Japan, leveraging its advanced services and engaging customer touchpoints to introduce […]
Public funded research institution Centre for Development of Telematics (C-DOT) said it will partner with Qualcomm Incorporated owned Qualcomm Technologies, on Friday, to stimulate India’s telecom ecosystem of developers, start-ups, academia, and industry partners. C-DOT said with Qualcomm Technologies expertise and practices it looks to support cutting-edge technology, intellectual property training and tools. Telecommunications firm […]
Emirate of Abu Dhabi-owned ADNOC acquired about 30% shareholding in OMV AG (OMV), an energy and chemicals group from Mubadala Investment Company (Mubadala) financial institute on Friday, to accelerate the delivery of its chemical growth strategy. Following the transaction, the company said it will own 24.9% of OMV, while Austrian-based firm Österreichische Beteiligungs AG (ÖBAG), […]
Global technology company HCLTech launched FlexSpace 5G, a digital workspace experience-as-a-service in collaboration with Verizon Business, cloud service provider, to help multinational corporations boost productivity and security. The company said this partnership is an upgrade to HCLTech FlexSpace which enables a smooth transition to a digital workplace for all categories of employees. The innovation is […]
Renewable Energy firm Masdar completed the acquisition of 49 per cent shareholding in RWE’s 3 gigawatts (GW) planned offshore wind farms Dogger Bank South (DBS) project worth £11 billion ($13.90 billion) investment, on Thursday. In early December, this Joint venture was initiated at COP28 in Dubai, where RWE holds a 51% stake in the UK […]
Entertainment providers Reliance Industries Limited (RIL), based in India and Walt Disney from the United States signed agreements with Viacom 18 Media (Viacom18) on Wednesday, to form a joint venture (JV). Reliance Industries said the company has agreed to invest ₹11,500 Crore ($1.4 billion) in this venture to support its expansion goal. The purchase values […]
Monetary institution Gulf International Bank (GIB), on Wednesday, revamped its leadership roles by appointing Khaled Abbas as Chief Executive of GIB in Saudi Arabia and Sara Abdulhadi as CEO of GIB in Bahrain, effective March 3. Abbas holds nearly 30 years of experience in leading the banking industry. He joined GIB in 2018 as Country […]
Global technology consulting and digital solutions company LTIMindtree, and IBM Quantum Network, on Wednesday, collaborated to explore quantum computing innovation for the advantage of its global consumers from different industries. The company stated LTIMindtree is the first global system integrator (GSI) in India to join the IBM quantum network. LTIMindtree will also partner with Indian […]
Electric car brand Polestar Automotive Holding UK, on Wednesday, said it secured $950 million through external bank funding in the form of a three-year loan facility to strengthen its business plan as well as achieve its 2025 targets. The financing is being provided by 12 international banks which include BNP Paribas, Natixis, Standard Chartered, BBVA, […]
