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Hyundai Motor India has announced that the company has entered into a partnership with French company Air Liquide Medical Systems (ALMS) for the production and supply of ventilators in Tamil Nadu and other states. France-based ALMS is present in India through a subsidiary which is based out of Chennai. Through the partnership, both companies are…
ManyChat, a San Francisco-based chat marketing platform, announced that it has acquired Converlytics, which enables businesses to track, analyze, and quantify valuable attribution analytics connecting Facebook Messenger to Shopify. Post acquisition, ManyChat Pro users can have access to more robust analytics at no additional charge, enabling them to pinpoint marketing dollars to specific campaigns. “As…
Jaguar Land Rover, a subsidiary of Tata Motors has announced a sharp decline in its retail sales in the fiscal 2019/20 by 12.1% in comparison to fiscal 2018/19, primarily as a result of the coronavirus pandemic that has significantly impacted sales in the fourth quarter of the fiscal year. “The total retail sales for the…
Eros International, a global Indian entertainment company and STX Filmworks, Inc., a global next generation media company, announced that they had entered into a definitive stock-for-stock merger agreement to create the first publicly traded, independent content and distribution company with global reach and unique positions in the United States, India and China. The combined company…
TVS Motor Company, an Indian-multinational motorcycle company, has announced the acquisition of Britain’s iconic sporting motorcycle Norton in an all-cash deal for 16 million pounds (about Rs 153 crore). TVS Motor will acquire certain assets of Norton Motorcycles UK Ltd through one of its overseas subsidiaries. “The deal will reflect TVS Motor Company’s and India’s…
As the novel coronavirus pandemic led to the world’s largest work-from-home experiment, video conferencing apps like Zoom and Google Meet saw a sudden rise in their user database. Organizations around the world are now moving ahead with their daily tasks via video conferencing through these apps. But their usage has also drawn severe criticism from…
With the impact of COVID-19 continuing to spread, customers and partners are navigating through uncertainty and complexity. To help the channel partner community serve their customers better, Dell Technologies announced ‘Partner Relief Package’, to provide financial relief. Dell will provide immediate financial relief to metaled partners, while helping them build capabilities and pipeline for the…
In view of the challenges thrown by COVID19 outbreak and consequent lockdown, the Government of India recently took a major decision to provide relief from payment of rental to the small IT units operating out of the Software Technology Parks of India (STPI). Most of these units are either Tech MSMEs or startups. The Ministry…
Bajaj Healthcare Limited (BHL), one of the leading manufacturers of API and formulations, has announced that it has received FDA approval for manufacturing Hydroxychloroquine Sulphate Bulk Drug and formulation for its tablets. Hydroxychloroquine Sulphate has been recommended by several countries, including the US, with limited dosage for Covid-19 patients and as a- preventive for high-risk…
upGrad, an online higher education platform, has earmarked Rs 50 crore for acquiring two-three peers during the current fiscal, the company said to the PTI. However, the company did not disclose the name of the companies that it plans to acquire. “We are in active discussions. There are some interesting opportunities in these times and…
Adventure camera maker, GoPro, recently announced that it has done massive organizational changes at the company. Taking into account the impact of the coronavirus pandemic, the company is laying off 20% of its workforce to conserve cash. GoPro has announced a $100 million reduction to 2020 operating expenses including a workforce reduction of more than…
Social commerce startup Meesho has reportedly laid off more than 200 employees of its 700-strong workforce. According to a recent report by the news website Entrackr, in an attempt to conserve cash during the pandemic, the startup has laid off over 200 employees just days after entering into the grocery delivery business. According to the…
The novel coronavirus outbreak which originated in China, has now spread to almost every corner of the world and has led to the world’s largest work-from-home experiment. With employees working remotely and communication getting hampered by distances, there has been a surge on the usage of video conferencing apps like Google Meet, Microsoft Teams and…
Since the Government of India imposed a nationwide lockdown to prevent the transmission of the novel coronavirus, the movement of goods has to come to a halt. Due to the lockdown, several logistics companies have started to lay off employees in an attempt to conserve cash. In recent news, online logistics solutions provider BlackBuck is…
The airline industry has long been in a soup due to the novel coronavirus outbreak. But things got even worse for the sector post the governments imposing nationwide lockdowns and travel-bans. It is being predicted that if the lockdown gets extended any further, several budget carriers will have to file for bankruptcy. In an attempt…