Category: Recent news

Intel Capital, the investment arm of global tech and semiconductor major Intel corporation, will pick up 0.39% equity stake in Jio Platforms for Rs 1,894.50 crore, making it the eleventh investor to pick up stake in RIL’s telecom and digital business in about two months. With this investment, Intel joins a list of dozen investors including Facebook, KKR, Saudi Arabia’s Public Investment Fund, taking the total financing to Rs 1,17,588.45 crore for just a shade over 25% holding.Overall, Reliance has raised about Rs 1,70,712.65 crore in over two and half…

Tesla Inc on Wednesday became the highest-valued automaker as its shares surged to record highs and the electric carmaker’s market capitalisation overtook that of former front runner Toyota Motors Corp. Toyota, the world’s second-largest single carmaker measured by output with annual production of more than 10m vehicles, was worth about $200bn on Wednesday after its Japan-listed shares fell 1.5 per cent to ¥6,656 ($61). Tesla shares gained 5% in early morning trade to a record of $1,133, boosting the company’s market cap to $209.47 billion – roughly $6 billion more…

Online ticketing site BookMyShow has decided to create its own video content under a vertical called BookMyShow Online that will remain behind a paywall. Comprising shows such as comedy gigs, plays or music concerts apart from workshops and masterclasses, the platform says it will be akin to buying a one-time ticket to an event, except that this will be online. BookMyShow also plans to host popular electronic dance music festival, the Sunburn Home Festival on its platform this July. This will feature DJs from across the globe with 3D animation…

Compaq Televisions through collaboration with Berlin-based Mimi Hearing Technologies has integrated Mimi’s technology into Compaq Smart Televisions, scheduled to launch this July.  The Compaq smart TVs will be the equipped with Mimi Sound Personalization technology, that adapts the audio to each individual’s unique hearing ability for an immersive, high-fidelity, and intelligible TV experience. Mimi Sound Personalization, driven by cutting edge audiology research, adapts the sound based on an individual’s or a group’s hearing profile, and through real-time adjustment and optimizes the alignment between a viewer’s hearing and the sound system.…

ProPhotonix Limited, a high technology designer and manufacturer of LED illumination systems and laser diode modules, with operations in Ireland and the United Kingdom, is pleased to announce its custom, high-performance LED Backlight, has received the Gold Award from the judges of the annual Vision Systems Design Innovators Awards program. The judging panel consisted of esteemed vision system experts from system integrator and end-user companies. ProPhotonix Limited, headquartered in Salem, New Hampshire, is a high technology designer and manufacturer of LED illumination systems and laser diode modules for industry leading…

India’s textile manufacturers seem to have converted the COVID-19 induced financial disaster into an opportunity, as scores of companies have quickly come out with anti-microbial textiles. The trend has gone viral, said industry insiders, as they cited many established players’ entry into the anti-COVID or microbial fabric segment. Especially, these companies claim that anti-microbial fibres not only destroy various viruses and bacteria’s but also inhibit their growth. Besides guaranteeing the financial health of textile manufacturers, experts opined the need for such products as viruses has the tendency to thrive on…