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PhonePe-owned Indus Appstore said its application was installed by over one million users on Monday, within just a month of its launch. Indus Appstore has seen a wide range of app categories gain popularity with finance, games, social, entertainment, tools, communication and shopping leading the download statistics, said the company, while 45% of users come […]
Valuation of the e-commerce firm Flipkart has decreased as of January 2024 compared to January 2022 by $5 billion (₹ 41,000 crore), according to equity transactions conducted by its parent Walmart, reported The Press Trust of India (PTI) on Sunday. As a result of Walmart’s adjustment to Flipkart’s ownership structure, PTI’s report mentioned, the valuation […]
Reliance Industries agreed to purchase the entire 13.01% equity interest of certain Paramount Global’s subsidiaries in Indian conglomerate-owned Viacom18 Media for a value of ₹4,286 Crore ($517 million) on Wednesday. Reliance, in a joint venture with The Walt Disney agreed to invest ₹11,500 Crore to support the brand’s expansion goal. The company valued the deal […]
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 […]
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). […]
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 […]
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 […]
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 […]
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) […]
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 […]
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), […]
