The technology consulting firm LTIMindtree on Wednesday launched Quantum-Safe Virtual Private Network (VPN) with the collaboration of Quantum Xchange and Fortinet, cybersecurity providers, in London. Information Technology consultant LTIMindtree said the aim of the new launch is to work towards the era of quantum-secure communications and protect information of its clients. The firm said, the […]
India’s ascent to a global innovation epicenter is a testament of government initiatives such as AatmaNirbhar Bharat and ‘Make in India’, encouraging and driving the nation’s digital transformation. India’s digital landscape and swift adoption of groundbreaking, next-generation solutions are fundamentally reshaping its economic landscape. Celebrating this burgeoning ecosystem, the inaugural DATE (Digital Acceleration and Transformation […]
Real estate firm Q Holding said its board approved to acquire the list of companies and assets including stakes in Modon Properties and Abu Dhabi National Exhibitions Co (ADNEC) through issue of convertible bonds in an AED 25.6 billion ($6.9 billion) deal. Q’s board, on Tuesday, agreed to acquire the entire shareholding of ADQ Real […]
Electric vehicle solution provider Autel Energy partnered with utilities company Vattenfall on Wednesday, to launch its first MaxiCharger AC Compact in Europe, with an objective to provide EV users’ easy access to Autel’s EV charging products. As part of this collaboration, Autel Energy said its charging products MaxiCharger AC Wallbox and MaxiCharger AC Compact will […]
Cloud platform Esker appointed Catherine Plasse as its new chief financial officer, on Tuesday. The firm said Plasse will report to Emmanuel Olivier, operational chief of Esker. The company said the newly appointed financial chief will be managing and coordinating its Finance teams worldwide and join the company’s Associate Board of Directors. Plasse will lead […]
ChatGPT parent OpenAI said on social media platform X, it has reached an agreement for Sam Altman to return as chief executive officer of the company, on Wednesday. The company, on its social media platforms, also posted Altman will return to OpenAI with a new initial board consisting of Bret Taylor, former Salesforce CEO, Adam […]
American artificial intelligence company OpenAI Inc appointed ex-Twitch boss Emmett Shear to take over as interim chief executive officer, while it initially proposed insider Mira Murati to lead OpenAI. The company board said Sam Altman to depart as CEO and step down from the board of directors on Friday. The board also named Mira Murati, […]
Business services provider Jacobs Solutions said it will spin off its subsidiaries Critical Mission Solutions and Cyber (CMS) along with Intelligence Government Services. The split companies will combine with Amentum, technology solution provider, to create a new, publicly-traded firm in the government services sector. Jacobs said it will receive $1 billion cash dividend at closing of the […]
Aviation firm Gulfstream Aerospace Corp said it completed the world’s first ever trans-Atlantic flight using 100% sustainable aviation fuel (SAF) on Monday. The company said this flight was accomplished with the Gulfstream G600 aircraft on November 19. The flight took off from the company’s headquarters in Savannah and landed 6 hours, 56 minutes later at […]
Medical testing provider Smart Salem on Monday appointed insider Amanda Gravitis as its new executive chief replacing Sanjay Verma effective immediately with an aim to expand in MENA region. The firm said, Gravitis will lead diversification and focus on the three premium visa medical and wellness centers in Dubai, located in Index Tower DIFC, City […]
Automotive firm Hyundai Motor Co partnered with global giant Amazon Inc at the 2023 Los Angeles Auto Show on Thursday, with an objective to bring innovation in the customer experience. Hyundai said the collaboration includes Amazon to launch online sale of Hyundai vehicles in United States in 2024, where customers will be able to order […]
Solar electric power generator TotalEnergies ENEOS signed a deal with Kinpo Group, electronic manufacturing firm on Friday, to provide 11.9 megawatt-peak (MWp) solar rooftop photovoltaic (PV) system for its facility in Batangas. In this agreement, TotalEnergies ENEOS said it will fully fund, install and operate PV system, while Kinpo Group will pay only for the […]
Energy provider Sasol Limited named insider Simon Baloyi as its new chief executive officer on Friday, effective April 1, 2024. The company said Fleetwood Grobler, 62, the current CEO will step down from his role and continue with the firm as an executive advisor until December 31, 2024. Grobler joined the company on November 1, […]
Insurance provider Amwins Group completed $1 billion shares purchase of a significant recapitalization deal with its existing shareholder groups, on Wednesday. The company said in connection with the deal of private equity firms like Dragoneer Investment Group, Genstar Capital, SkyKnight Capital and employee shareholders, it purchased $1 billion in equity from more than 375 Amwins employee shareholders […]
Offshore wind company RWE signed a memorandum of understanding (MoU) with Hyundai Motor Group’s subsidiary, Hyundai Engineering & Construction (Hyundai E&C) on Wednesday, to cooperate in the field of offshore wind and green hydrogen. The renewable energy firm said it aims to accelerate energy transition in South Korea through promotion of offshore wind along with […]
