Tech giant IBM collaborated with First Abu Dhabi Bank Misr (FABMisr) on Thursday, to employ IBM’s Cloud Pak solutions to facilitate the bank’s digital transformation while improving customer experience, as well as delivering reliability, and security to its clients. The collaboration aims to leverage AI software with IBM Cloud Pak for Integration and IBM Cloud […]
Real estate firm AMH, on Thursday, said David Singelyn, Chief Executive of the company will retire, effective December 31, and appointed an insider Bryan Smith to succeed Singelyn, effective January 1, 2025. The property management company said Christopher Lau, CFO of AMH has been promoted to Senior Executive Vice President, while Singelyn will serve as […]
Online payment platform TerraPay partnered with Diamond Trust Bank Uganda (DTBU), subsidiary of Diamond Trust Bank Group on Wednesday, to expand international money transfers and strengthen financial inclusion in Uganda. The collaboration aims to facilitate direct account deposits from around the world and leverage DTB’s brand name to optimize advantages for customers across the globe, […]
Larsen & Toubro-owned LTIMindtree partnered with insurance company Eurolife FFH on Wednesday, by signing a Memorandum of Understanding (MoU) to construct the first generative artificial intelligence (GenAI) and Digital Hub in Athens, as well as specific facilities in Poland, Europe, and Mumbai, India. The company said the MoU was signed at the Greek ambassador’s residence […]
Digital payments app PhonePe, on Wednesday, unveiled Indus Appstore at Bharat Mandapam in New Delhi, in order to create a more competitive and localized mobile app store ecosystem in India. The company said Indus Appstore is a native Android-based mobile app store that caters to the geographic and cultural demands of Indian consumers. With a […]
Telecommunication firm Nokia collaborated with Intel on Wednesday, to utilize the chip maker’s technology Xeon processors and power management software for energy efficiency improvements in 5G networks that will power Nokia’s cloud-native 5G Core solutions. The Finland-based company said the collaboration combines both companies’ innovation and technology to reduce electricity usage as well as cost […]
Space agency National Aeronautics and Space Administration (NASA), on Tuesday, said it is aiming to land Odysseus lunar lander near Malapert A in the South Pole region of the Moon at 5:49 PM EST, on February 22, in collaboration with Intuitive Machines. The firm said the landing will be live telecasted at 4:15 PM EST […]
Aerospace and defence solutions company Tata Advanced Systems (TASL), on Monday, said it will invest in the state of Karnataka, India, with an aim to develop aviation infrastructure by which it will create over 450 highly skilled employment opportunities in the state. TASL, on that terms, signed a memorandum of understanding (MoU) with the Government […]
IT services and consulting company Wipro partnered with IBM, global hybrid cloud firm on Tuesday. Wipro launched its Enterprise Artificial Intelligence (AI) Ready Platform that will allow clients to create their enterprise-level, fully integrated and customized AI environments. This service by Wipro will leverage IBM watsonx AI and data platform, including watsonx.ai, watsonx.data, watsonx.governance as […]
Drone manufacturer Skydio partnered with peer Aeroarc on Tuesday, to expand artificial intelligence (AI) collaboration between United States and India through the introduction of advanced autonomous flight technology in India. Through this partnership, Skydio said it will support Aeroarc of small uncrewed (unmanned) aircraft systems (sUAS) for Indian customers. Also, the partnership of Skydio-Aeroarc will aid to […]
Financial service provider Capital One Financial Corp acquired peer Discover Financial Services in an all-stock deal valued at $35.3 billion, on Monday. Under the terms of the agreement, Discover shareholders will receive 1.0192 Capital One shares, said the firm, with a premium of 26.6% based on Discover’s closing price of $110.4 on February 16. Additionally, […]
Telecom service company Vodafone Idea (Vi), on Monday, said it upgraded its network capacity across four states, Kerala, Karnataka, Punjab, and Haryana, to boost its network with enhanced speed for Vodafone Idea users. Across 14 districts in Kerala, Vi has installed the 900MHz spectrum at over 950 sites. In Punjab, it has upgraded 4G spectrum […]
Chemical manufacturer Chevron Phillips Chemical (CPChem) in collaboration with oil and gas company QatarEnergy on Monday, commenced the construction of $6 billion integrated polymers complex in Ras Laffan Industrial City in Qatar. The Texas-based firm owns 30% and QatarEnergy owns 70% of the stakes of the project, said the firm. Additionally, CPChem will provide project […]
Larsen & Toubro-owned LTIMindtree launched GenAI powered autonomous sourcing platform called Navisource.AI on Monday, which uses AI-driven pricing and negotiation engine to cut overall procurement costs by 10%-15%. The company said Navisource.AI transforms procurement by channelizing the process of request to risk management. This GenAI-powered platform will integrate with LLM (Large Language Model) and Model […]
Payments and financial services company One 97 Communications (OCL) Paytm, on Saturday, assured its customers online of proving zero disruptions in merchants’ settlements and minimal through a new partnership with Axis Bank. The company said this partnership with Axis Bank is expected to replace the nodal account, which company previously used with Paytm Payments Bank. […]
