According to Accenture’s latest “Destination Net Zero” report, just 16% of the world’s largest corporations are on a trajectory to achieve net zero emissions by 2050, while nearly 45% are still contributing to an increasing carbon footprint. These findings highlight the urgent necessity for innovative solutions, such as artificial intelligence (AI), to mitigate the worsening […]
In a landmark deal, Blackstone Inc. has announced an agreement to acquire AirTrunk, the leading data center platform in the Asia-Pacific region, for an implied enterprise value of over A$24 billion (approximately $16 billion). The acquisition represents Blackstone’s largest investment in the Asia-Pacific region and is a significant move to bolster its global digital infrastructure […]
Bone Index Finland Ltd., a leading innovator in medical technology, has announced the successful completion of its latest financing round and a strategic partnership with Lynx Financial (HK) Limited. This development marks a significant milestone for Bone Index, as it aims to expand its presence and enhance its service capabilities in North America and the […]
Lupin Limited has reported a remarkable financial performance for the quarter ending June 30, 2024. The pharmaceutical giant’s sales for Q1 FY2025 reached INR 55,143 million, marking a 12.7% increase from Q4 FY2024 and a 16.3% rise from Q1 FY2024. The company’s EBITDA surged by 27.5% quarter-on-quarter to INR 13,088 million, a 48.9% year-on-year increase. […]
Cyan Renewables acquisition of MMA Offshore marks a historic milestone Cyan Renewables, a leading offshore wind services platform based in Singapore, has made headlines with its landmark acquisition of Australian offshore marine services provider MMA Offshore for A$1.1 billion (US$702 million). This transaction, the largest take-private deal in Asia’s offshore wind energy services sector, solidifies […]
Accenture [NYSE: ACN], a global professional services company, is poised to transform the generative AI landscape. The company announced the establishment of generative AI studios in nine countries across Asia Pacific and Latin America, responding to the burgeoning interest in AI technology among clients. Strategic Expansion Across Key Markets The new studios will be set […]
HCLTech, a prominent player in global technology, has embarked on a partnership with Schneider Electric, renowned for its digital transformation expertise in energy management and industrial automation. The focus of this collaboration is to devise carbon-efficient solutions targeting data centers across the Asia Pacific (APAC) region. Tan Boon Hien, Senior Vice President and Head of […]
Endava, a London-based pure play next-gen technology company, has announced the acquisition of DEK Corporation Pty Ltd, DEK Technologies Sweden AB, and DEK Vietnam Company Ltd (collectively known as DEK), a multinational group specializing in cutting-edge software and hardware solutions. The financial terms of the deal were not disclosed. DEK’s expertise spans various sectors, including […]
Wipro said that Badri Srinivasan will be the head of the company’s India and Southeast Asia businesses, leading the APMEA Strategic Market Unit that covers Asia Pacific, the Middle East, India, and Africa. Badri Srinivasan will take charge of both regions in order to help drive greater synergies and allow the exchange of the best […]
Cabot Corporation, an American specialty chemicals and performance materials company, has started construction on a new specialty compounds facility in Cilegon, Indonesia. Co-located with the company’s existing carbon black manufacturing site, the new facility will increase its annual global capacity for specialty compounds by 20,000 metric tons. Dixy Olyviardy — managing director of Cabot Asia […]