ScioTeq, a leading provider of mission-critical defense and avionics visualization and computing solutions, announces the establishment in Bangalore, India of ScioTeq Pvt Ltd, a wholly owned subsidiary of ScioTeq bv. This move will further extend ScioTeq’s global presence by providing Sales, Procurement and Services at its Bangalore location. Additionally, by joining with local partners it will…
Pernod Ricard India (PRI), global leader in the wine and spirit industry, unveiled its first-ever innovation center in Nashik, India. In line with the company’s strategy to accelerate transformational innovation and strengthen its portfolio offerings, the innovation center will enable cutting-edge research and incubation for dynamic trend-setting product, pack, and process innovations, according to the…
boAt raises funding from Qualcomm Ventures, the investment arm of Qualcomm Incorporated and an industry leader in wireless technologies. The investment will support the brand’s journey to rollout the next-generation audio & lifestyle products across geographies, the release said. boAt, the #1 audio wear brand in India, continues to achieve rapid revenue growth – 100%+…
Skylo, an end-to-end solution connecting machine and sensor data via satellite, has partnered with Beetel, a technology brand offering contemporary solutions. The two companies have partnered to rapidly scale the adoption of end-to-end Internet of Things (IoT) solutions to connect the billions of machines and remote assets in hundreds of industries across India. As part of…
EV manufacturer Okinawa Autotech has plans to invest Rs 150 crore in setting up a new manufacturing unit in Rajasthan, and roll out fresh products as it sets a target of selling 1 lakh units in the next fiscal year, according to a top company official. Okinawa Autotech was established in 2015 with a goal…
Tamil Nadu government has signed two major MoUs in the electronics manufacturing segment in January. The state is expected to formalize agreements with Taiwan-based Pegatron and Tata Electronics around the Pongal festival to facilitate establishing units to manufacture Apple products, multiple sources said. Pegatron, a Taiwan-based manufacturer of Apple products has chosen Mahindra City as…
The Government of India has approved applications of Samsung and 3 Apple iphone makers — Foxconn Technology Group, Wistron Corp., Pegatron Corp., to manufacture mobile phones in the country over the next five years. They are among the 16 companies that won approval under the Production-Linked Incentive scheme (PLI). According to the Indian Ministry of…
The ongoing economic disruption across the world, due to Covid-19 has highlighted the dangers of manufacturing activities being concentrated in a single location and thrown up the need for diversification of supply chains and manufacturing. This has thrown up a huge opportunity for India – one of the fastest growing economies of the world and…
Frog, a bicycle brand owned by Mumbai-based AlphaVector, announced that it has raised fresh funds from Avaana Capital. Rohit Bansal and Kunal Bahl as part of Titan Capital have also participated in the fresh funding round. Frog is focusing on innovations to improve the bicycling experience for everyone. The company is also trying to disrupt…
In order to push for ‘Make in India’ in the defence sector, the Government of India is organising the 11th edition of biennial mega defence exhibition in Lucknow, Uttar Pradesh. The exhibition will take place between February 5-9. The theme of the Expo is ‘India: The Emerging Defence Manufacturing Hub’. The number of companies participating…
Samsung Electronics Co, on Monday, announced that it is considering building a factory in India to produce flat-screens under the Samsung Display subsidiary. The company is planning to invest $500million as it is attempting to expand smartphone production in the country. According to a company filing, Samsung Electronics will provide a ₹3,500crore loan and transfer…