Siemens, a global leader in industrial automation, is considering significant workforce reductions as it grapples with financial and macroeconomic headwinds. According to reports from Reuters, the company may cut up to 5,000 jobs in its factory automation division, a move prompted by ongoing struggles within the sector. CEO Roland Busch revealed these potential cuts in … Read more
Nvidia has reduced prices for its AI chips in China due to oversupply, resulting in them being priced lower than similar chips from Huawei, according to sources. This development highlights Nvidia’s struggles in China amid U.S. sanctions and growing competition, affecting a market that contributed 17% to its revenue in fiscal 2024. Last year, Nvidia … Read more
Schneider Electric, the leader in the digital transformation of energy management and automation, today announced a collaboration with NVIDIA to optimize data center infrastructure and pave the way for groundbreaking advancements in edge artificial intelligence (AI) and digital twin technologies. Schneider Electric will leverage its expertise in data center infrastructure and NVIDIA’s advanced AI technologies to introduce the … Read more
Honeywell announced the intention to acquire the entire share capital of Civitanavi Systems S.p.A. Honeywell will initiate a voluntary tender offer to acquire all outstanding shares of Civitanavi for a purchase price of €6.30 per share in cash (an equity value of approximately €200 million at closing). The acquisition will further strengthen Honeywell’s capabilities to help … Read more
Onsurity, a trailblazing provider of monthly subscription-based employee healthcare benefits geared towards SMEs in India, has successfully secured $24 million in Series B funding. This substantial investment round is spearheaded by the International Finance Corporation (IFC), the world’s largest global development institution. Notably, existing investors, Nexus Venture Partners, and Quona Capital, have also enthusiastically participated … Read more
Truecaller, the leading global communications platform, has acquired the Bengaluru-based company Unoideo Technologies Pvt Ltd. The company provides the service TrustCheckr, which, through a SaaS platform, helps businesses verify customer information and detects risk of fraud based on phone numbers and digital signals. TrustCheckr’s current offering has attracted interest from different industries with the most … Read more
Continuing with its mission to elevate the used car market across boundries, CARS24, a leading Autotech company has today inaugurated its second Research and Development Centre (R&D) in Bengaluru, Karnataka to advance innovation, growth and building an excellent ecosystem. To lead the charge in technological advancements and fuel our growth, CARS24 is also investing in … Read more
Softcell Technologies Global Pvt. Ltd. (Softcell) has made a strategic investment in AutoFlow Technologies Pvt. Ltd. (AutoFlowTech), a new-age IT services and technology solutions company specialising in digital business acceleration through open, scalable and modular solutions. AutoFlowTech addresses its customer needs by leveraging analytics, automation, cloud and digital transformation. Sunil Dalal, Managing Director of Softcell, stated, “This investment is … Read more
Mphasis, an Information Technology (IT) solutions provider specializing in cloud and cognitive services, today announces a partnership with CoreStack, a global multi-cloud governance provider. The alliance aims to deliver unparalleled financial management and observability to customers, driving operational efficiency and actionable insights. CoreStack will play a vital role in Mphasis’ Cloud Business Solutions (CBS) and Agile IT Operations portfolio. … Read more
For the first time, UN hosted the SDG Agrifood accelerator programme and Farmer’s Fresh Zone stood out for its unique module and practices which are scalable at any part of the world. Farmers Fresh Zone was one of the three start-ups to be part of the panel discussion happened in the event. While six were … Read more
Enterprises are undergoing an enormous digital transformation, leading to workloads shifting to the cloud. In this fast-evolving digital era, enterprises needs have broadened for various services and solutions – be it security, connectivity, or cloud. To cater to these growing needs and as part of ongoing portfolio expansion, Vi Business, the enterprise arm of the leading … Read more
Delhi International Airport Limited (DIAL), a subsidiary of GMR Airport Infrastructure Limited, has partnered with Sirona, India’s leading FEMTECH brand, to launch a ground breaking initiative aimed at enhancing women’s hygiene accessibility at Delhi Airport. This initiative further solidifies Delhi Airport’s position as a leader in championing women’s health and comfort during travel. As a … Read more
Netcore Cloud has officially named Mahesh Narayanan as its new Chief Marketing Growth Officer, a strategic move aimed at accelerating the company’s global expansion plans and solidifying its leadership position in the market. With his extensive marketing expertise, Mahesh will play a pivotal role in driving effective growth strategies that will further propel Netcore Cloud’s … Read more
EaseMyTrip.com, one of India’s leading online travel tech platforms, has received approval from its board to acquire a controlling 51% stake in three prominent travel companies incorporated in India. This strategic move is aimed at solidifying EaseMyTrip’s position as a major player in the travel and tourism industry. The proposed acquisition will be executed by … Read more
Reliance Retail, a leading player in the Indian market, is proud to unveil the highly anticipated JioBook, a groundbreaking learning book designed to cater to individuals of all age groups. With its advanced JioOS operating system, sleek design, and always-connected features, JioBook is set to redefine the learning experience for every individual, empowering them on … Read more
As a prominent player in the Data & AI market, Capgemini is at the forefront of supporting clients in their digital transformation journey. Leveraging its deep industry expertise, industrialized delivery assets, and extensive generative AI services, Capgemini is poised to lead clients into the next era of digital innovation. Having already delivered successful generative AI … Read more
