The Indian Ministry of Electronics and IT (MeitY) has unveiled its support for two additional semiconductor design startups/micro, small, and medium enterprises (MSMEs) under the SemiconIndia futureDESIGN DLI scheme. This announcement came at the 2nd edition of the SemiconIndia 2023 conference, held in Gandhinagar. The startups/MSMEs now under the umbrella of the DLI scheme include […]
The BMW Group India has introduced the new BMW X5, produced locally at the BMW Group Plant in Chennai, and available in both petrol and diesel variants across all BMW India dealerships. The latest version of this luxury Sports Activity Vehicle boasts enhanced design features, cutting-edge equipment, updated engines and substantial advances in digital technology. […]
Larsen and Toubro (L&T) announced that its Kattupalli Shipyard, a significant point in the Southern Defence Corridor, is carrying out voyage repairs of Military Sealift Command vessels. Following comprehensive evaluation by the US Navy and the Military Sealift Command, the Shipyard has been granted the Master Shipyard Repair Agreement (MSRA), paralleling the qualifications for conducting […]
Hyderabad-based fintech company, Spacenet Enterprises India, and Chennai-based business analytics and generative AI firm, Pathfinder Enterprise Solutions, have signed a memorandum of understanding (MoU) to merge their businesses, marking a significant step forward in the artificial intelligence (AI) and retail sectors. The strategic alliance aims to integrate RETAILGPT, Pathfinder Enterprise Solutions’ proprietary generative AI platform, […]
Microchip Technology, a US-based provider of smart, secure, and connected embedded control solutions, has revealed a multi-year plan to invest approximately $300 million in its operations in India, aiming to tap into one of the world’s fastest-expanding hubs for the semiconductor industry. These planned investments aim to enhance Microchip’s presence in India and target several […]
AdaniConneX, a joint venture between Adani Enterprises Ltd (AEL) and EdgeConneX (ECX), has successfully secured a $213 million senior debt facility to finance its ongoing data center projects in Noida and Chennai. This landmark financing deal marks the largest in India’s data center industry and paves the way for the implementation of a sustainable digital […]
Fortis Healthcare, a healthcare delivery service provider in India, has declared the definitive sale of its hospital business operations located at Vadapalani, Chennai, to Sri Kauvery Medical Care (India) Limited (SKMC/Kauvery Group of Hospitals). The total sale consideration amounts to INR 152 crores. Set as an all-cash deal, the transaction is projected to be finalized […]
NuRe FutureTech, a wholly-owned subsidiary of 3i Infotech, has joined hands with the Department of Computer Science at SRM Valliammai Engineering College, Chennai, signing a Memorandum of Understanding (MoU) to launch a state-of-the-art AI Lab on the college campus. This partnership, part of the Campus to Corporate initiative, aims to bridge the gap between academic […]
HCL Technologies (HCLTech), an Indian technology company, has inaugurated a state-of-the-art test lab in Chennai, India with an aim to facilitate global telecom infrastructure original equipment manufacturers (OEMs) in their pursuit of testing and validating 5G solutions. Marking a significant milestone in India’s technological landscape, this pioneering establishment stands as the first of its kind […]
IMMO, the disruptive proptech platform revolutionizing the housing market, has announced the inauguration of its technology hub in Chennai, India. Headquartered in London, IMMO is reshaping how people sell, rent, and invest in residential real estate by providing institutional investors with access to detailed property data and a fully integrated tech platform that streamlines various […]