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OPPO, a global smart device brand, and T-Hub, a Hyderabad-based pioneering innovation ecosystem platform that powers next-generation products and new business models, announced entering into a partnership to support the startup ecosystem in India. The collaboration will help in scaling up opportunities for some of the most innovative startups in the areas of Artificial Intelligence,…
Zentiva, a Czech Republic-based company that develops and manufactures generic medicines providing the NHS with low cost alternatives to branded medicines, announced the completion of its acquisition of a manufacturing site in Ankleshwar, India, from Sanofi. The acquisition will increase the number of wholly-owned Zentiva production sites worldwide. The company said that the move will…
Paytm Mall, an online and mobile marketplace and a subsidiary of One97 Communications’ Paytm brand, announced that it has appointed Abhishek Rajan as Chief Operating Officer. Also, the company named Srinivas Mothey as new Senior Vice President. In his new role as COO, Abhishek will oversee the operations across categories, product, technology, supply chain, marketing…
New Development Bank (NDB), a multilateral development bank set up by the BRICS nations – Brazil, Russia, India, China and South Africa, announced that the Board of Governors of the New Development Bank has appointed Anil Kishora as Vice President. Prior to this role, Anil Kishora had worked in India’s largest bank, the State Bank…
New Development Bank (NDB), a multilateral development bank set up by the BRICS nations – Brazil, Russia, India, China and South Africa, announced that it has appointed Marcos Prado Troyjo as the President of the NDB, effective from July 7, 2020. Prior to his appointment as President of the NDB, Marcos Troyjo pursued a multi-layered…
General Atomics, a San Diego-based company that develops advanced technology solutions for government and commercial applications, announced that it has appointed Vivek Lall, an Indian-American aerospace and defence expert who played key roles in some of the major defence deals between India and the US, as the Chief Executive of General Atomics Global Corporation, according…
Traditional jobs have all been under the fear of getting replaced by the new-age technologies. Automation at manufacturing has already cut several jobs and employee unions worldwide have been vocal about the impact of automation on livelihoods. But organizations have always backed such technologies to reduce manpower cost, increase efficiency and cash on profits. In…
Dubai-based world’s largest long-haul airline, Emirates recently announced that it has laid 180 trainee pilots due to the impact of coronavirus pandemic. The company also pointed out that there may be more layoffs if the situation continues to worsen. We reviewed all possible scenarios in order to sustain our business operations, but have come to…
Chinese transportation company, DiDi recently announced that it has completed a $500mn fundraising round for its self-driving unit. The funding round was led by Masoyoshi Son-led SoftBank’s Vision Fund 2. The ride hailing giant said in a statement that the round marked the first time DiDi’s self-driving business had brought in external funding since it…
Chinese internet giant Tencent Holdings Ltd is reportedly in talks to invest $200mn in Warner Music Group. The recent development from Tencent comes just days ahead of the record company’s slated initial public offering. According to a Wall Street Journal report, Warner Music is also working to line up institutions that, along with Tencent, would…
Arterys, a US-based global medical imaging platform to deliver clinical AI products over the internet, announced that it has raised a $28 million Series C investment from a syndicate led by Benslie Investment Group and Temasek Holdings, with participation by Fosun, Revelation Partners, Emergent Medical Partners, and Varian Medical Systems. Arterys said it will deploy…
Dhir & Dhir Associates, a New Delhi-based law firm serving as a single-window legal and regulatory advisor globally, announced that it has set up a dedicated COVID-19 India Advisory Desk with a Task Force to lead from the front to advise and support the clients in these uncharted waters. The firm said that the COVID-19…
Chainalysis, a US-based blockchain analysis company, announced the expansion of its partnership with ZebPay, the leading cryptocurrency exchange and wallet provider in India. Under the terms of the agreement, ZebPay will expand its use of Chainalysis KYT (Know Your Transaction) for transaction monitoring and compliance processes and Chainalysis Reactor for enhanced due diligence and investigations…
Delta Electronics Inc, a Taiwanese power management solutions provider having sales offices worldwide and manufacturing plants in Taiwan, China, Thailand, Mexico, India and Europe, announced the acquisition of Trihedral Engineering Limited, a Canadian SCADA and IIoT software company, for CAD 45 million. The company said that the acquisition will unite the strengths of Delta’s hardware…
HCL Technologies, a leading global technology company, announced its intent to acquire Cisco’s Self-Optimizing Network (SON) technology. As part of the deal, some employees who work on Cisco’s SON technology will move from Cisco to HCL. The company said that the acquisition, which comprises of products and services built on Cisco’s SON technology, will help…