Author: wppoonam

Analog Devices Acquires HDMI Business from INVECAS

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h61_analog

Analog Devices, Inc. (ADI) today announced that it has acquired the High Definition Multimedia Interface (HDMI) business of INVECAS specializing in embedded software and system level solutions. This addition will provide ADI with complete audio and video solutions to meet the growing needs of enterprise and consumer markets. The acquisition of INVECAS’ HDMI business positions ADI to deliver more complete solutions throughout the entire customer journey from chip, to certification, to end product. They are thrilled to enhance ADI’s capabilities with the addition of this group’s expertise. Through this acquisition,…

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ITC acquires spices maker Sunrise Foods

wppoonam
itc

Diversified business entity ITC Ltd on Monday announced acquisition of spices manufacturer Sunrise Foods Private Ltd (SFPL) in an all-cash deal valued at Rs 2,150 crore. SFPL is a Kolkata-based family-owned company engaged primarily in the business of spices, and this acquisition would help ITC augment its portfolio in the segment where it is present with its brand Aashirvaad. “In addition, the sellers are entitled to contingent consideration of an amount not exceeding Rs 150 crore, which is payable upon Sunrise achieving mutually agreed operational and financial milestones, over a…

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Volkswagen, AWS, Siemens exposed Industrial Cloud for additional partners

wppoonam
volkswagen

Amazon Web Services (AWS), and Siemens, its integration partner, have made the Industrial Cloud available to other technology and production companies. New partner companies will be able to interact with Volkswagen facilities and add their software applications for maximizing manufacturing products and processes to the Industrial Cloud. Through this, a fast-growing roster of industrial software applications for the plants of Volkswagen will be made. “With the Industrial Cloud we are creating a platform allowing partners to contribute their solutions. This will help the Volkswagen Group achieve global efficiencies at its…

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AWS and HSBC partner on strategic cloud agreement

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aws

Amazon Web Services (AWS), an Amazon.com company (NASDAQ: AMZN), announced that HSBC Holdings plc. (NYSE: HSBC) has selected AWS as a key, long-term strategic cloud provider to drive their digital transformation and deliver new and personalized banking services. As part of a multi-year, global agreement, HSBC will make AWS technology available across the bank’s lines of business, starting with customer-facing applications and application modernization in its Global Wealth & Personal Banking business. “We look forward to our continued collaboration with HSBC as they leverage AWS’s proven capabilities, reliability, and security…

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Google commits $10 billion to accelerate digitization in India

wppoonam

Google will invest $10 billion in India over the next five to seven years with the aim of consolidating its position in the digital ecosystem of the world’s fifth-largest economy that is emerging as a battleground for global internet giants. Alphabet Inc-owned Google’s outlay for India nearly double the $5.7 billion investment made by rival Facebook in the digital platform of India’s largest conglomerate Reliance Industries in April will be deployed through a mix of investments and partnerships, chief executive officer Sundar Pichai told ET in an exclusive interview on…

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Mobileye and WILLER Partner on Driveless vehicle Solutions for Japan, Southeast Asia

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mobileye

Mobileye, an Intel Company, and WILLER, one of the largest transportation operators in Japan, Taiwan and the Southeast Asian region, today announced a strategic collaboration to launch an autonomous robotaxi service in Japan and markets across Southeast Asia, including Taiwan. Beginning in Japan, the companies will collaborate on the testing and deployment of autonomous transportation solutions based on Mobileye’s automated vehicle (AV) technology. Together, Mobileye and WILLER are seeking to commercialize self-driving taxis and autonomous on-demand shared shuttles in Japan, while leveraging each other’s strengths. Mobileye will supply autonomous vehicles…

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Deutsche Bank and Google partnership for transformation of banking to cloud services

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deutsche

Deutsche Bank and Google Cloud have agreed to join forces and form a strategic partnership that aims to redefine how the bank develops and offers its financial services. The partnership is unique in that it will not only deliver cutting edge cloud services to Deutsche Bank, but also enable co-innovation between the two companies to create the next generation of technology-based financial products for clients. Both parties have signed a Letter of Intent and plan to sign a multi-year contract within the next few months. According to the Google Cloud’s…

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Amazon, Flipkart support small businesses get ready for post-Covid-19 world

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amazon

Amazon and Flipkart are playing a key role to support these firms revive their business. These e-commerce majors are bringing them online, handholding them to pivot and helping them find fresh opportunities in the market. Amazon and Flipkart are also supporting them through various initiatives ranging from working capital to coronavirus related health insurance. E-commerce firm Amazon is looking to help its small and midsize logistics partners, which are impacted due to the Covid-19 lockdown, financially through a new Partner Support Fund. The company will provide one-time disbursement to package…

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Dell Technologies Partners With NASSCOM to Build Robust Ecosystem to Support SMEs and Startups Across India

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Dell Technologies has collaborated with the National Association of Software and Service Companies (NASSCOM) to help SMEs and Startups ensure smooth operations and maintain business continuity during the present challenging times. Positioned under NASSCOM SME Advantage program, this partnership intends to build a robust ecosystem to support them, by bringing together important products and services, indispensable for any business, at a competitive price. Dell association with NASSCOM is set to impact more than 2400 SMEs, and 9000+ startups that are part of NASSCOM 10,000 Startups network. They will be provided…

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Ramky Enviro Engineers launches solid waste management plant

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ramky

Ramky Enviro Engineers Limited (REEL), a city-based comprehensive environment management services provider, on Wednesday launched Chhattisgarh’s largest solid waste management plant which can manage 700 tons of waste per day in Raipur. Chief Minister of the state Bhupesh Bhagel inaugurated the plant through video-conferencing, a press release from REEL said. Under a 15-year contract between the Municipal Corporation of Raipur and Delhi MSW Solution Limited (a Ramky company), the treatment plant, spread across 67 acres, was set up in Sakri, a district, 15 km north of Raipur city. The company…

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