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Every 2 in 3 cars being sold globally has embedded connectivity

Jan 17, 2024

New Delhi, Jan 17 (IANS) Global connected car sales grew 28 per cent (on-year) in Q3 2023, and every 2 out of 3 cars sold had embedded connectivity in them, a report showed on Wednesday.China led with around 33 per cent share in global connected car sales, followed by the US and Europe, according to latest research from Counterpoint’s Global…

Aragen Life Sciences to expand operations for drug discovery in Hyderabad

Jan 17, 2024

Hyderabad, Jan 17 (IANS) Aragen Life Sciences has announced plans to expand its operations in Hyderabad with a new investment of Rs 2,000 crores, which is expected to create 1,500 new jobs.The investment would help the firm further its…

Business

Nazara Tech raises Rs 250 cr, acquires 10.7% stake in Kofluence

Jan 17, 2024

New Delhi, Jan 17 (IANS) Online gaming major Nazara Technologies on Wednesday said it has raised Rs 250 crore via preferential allotment of equity shares.The company also announced that it will acquire a 10.7 per cent stake in Kofluence, a…

Business

Foxconn partners HCL Group to start chip packaging in India, invest $37.2 mn: Report

Jan 17, 2024

New Delhi, Jan 17 (IANS) Taiwanese contract manufacturing giant Foxconn has said that it is teaming up with HCL Group to start a chip packaging and testing venture in India, a media report said on Wednesday.According to a regulatory filing…

Business

Asian Paints posts 35% rise in net profit in Oct-Dec quarter

Jan 17, 2024

Mumbai, Jan 17 (IANS) Asian Paints, the country’s largest paintmaker, on Wednesday reported a 35 per cent jump in consolidated net profit to Rs 1,447.72 crore for the October-December quarter of the current financial year on the back of…

Business

Closing women’s health gap can boost global economy by $1 trn annually: WEF

Jan 17, 2024

Davos, Jan 17 (IANS) Closing women’s health gap can help more women to live healthier, higher-quality lives, and provide an unprecedented boost to the global economy by $1 trillion annually by 2024, according to a new World Economic Forum…

Business

Hyundai Motor sells one of its plants in China for around $221 mn

Jan 17, 2024

Seoul, Jan 17 (IANS) South Korea's top carmaker Hyundai Motor has sold one of its plants in China as part of a business reorganisation strategy in the world's biggest auto market.Beijing Hyundai Motor, Hyundai's joint venture with China's…

Business

Lufthansa launches direct flight from Hyderabad to Frankfurt

Jan 17, 2024

Hyderabad, Jan 17 (IANS) GMR Hyderabad International Airport Ltd, in partnership with Lufthansa Airlines on Wednesday announced the launch of direct flights to Frankfurt, Germany.This marks a significant step towards connecting Hyderabad to…

Business

Sensex plunges more than 1,600 points led by HDFC Bank

Jan 17, 2024

New Delhi, Jan 17 (IANS) Markets have slumped further with the BSE Sensex now plunging more than 1,600 points in afternoon trade on Wednesday.Sensex is down 2.2 per cent or 1,611 points at 71,516 points.Private sector banks, metals are…

Business

UP to host ‘Pharma Conclave’ in Hyderabad on Jan 18

Jan 17, 2024

Lucknow, Jan 17 (IANS) The Uttar Pradesh Government will be organising a ‘Pharma Conclave’ in Hyderabad on Thursday.The ‘Pharma Conclave’ is being held in collaboration with the Bulk Drug Manufacturers Association of India, Indian Drug…

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