Yamaha’s $40M Investment in E-Scooter Firm River
River, a Bengaluru-based electric scooter startup, has raised $40 million in a Series B funding round led by Yamaha Motor Corp and other investors. The company plans to use the funds to expand its distribution and service network across the country, as well as for research and development of its future products. River’s Indie e-scooter […]
TCS’s AI and ML Solutions for Europ Assistance’s IT Model
Europ Assistance, a leading global assistance and travel insurance company, has chosen Tata Consultancy Services (TCS) as its transformation partner to reimagine its IT operating model. The new deal will enable Europ Assistance to enhance its resilience, scalability and user experience with the help of TCS’s artificial intelligence (AI) and machine learning (ML) solutions. TCS’s […]
Hyundai Eyes $3B India IPO, Estimated Valuation of $25-30B
Hyundai Motor Co, the South Korean automaker, is considering listing its Indian unit in the country’s booming IPO market, according to two sources who have been briefed on the matter. Hyundai Motor India is in early stage talks for the initial public offering and has held discussions with several banks, the sources said. India’s largest […]
Singapore Centre Denies Sony’s Plea Against Zee
The Singapore International Arbitration Centre (SIAC) has rejected Sony’s request to stop Zee Entertainment from pursuing the merger scheme that was cancelled by the Japanese media giant. Zee Entertainment has approached the National Company Law Tribunal (NCLT) in India to enforce the merger that was approved by the same tribunal in August 2023. Background of […]
Jay Y. Lee: Acquitted in 2015 Samsung Case
Samsung Electronics Chairman Jay Y. Lee was acquitted by a Seoul court on Monday in a case related to irregularities in a 2015 merger of Samsung affiliates that prosecutors said was designed to cement his control of the tech group. Background of the case Lee, 55, was charged with stock price rigging, breach of trust […]
Tata and Pegatron Discuss iPhone Assembly in Tamil Nadu
Tata Group, one of India’s largest conglomerates, is in advanced talks with Taiwan’s Pegatron, one of Apple’s contract manufacturers, to form a partnership for the iPhone assembly plant that Tata is building in the southern state of Tamil Nadu, according to two sources with direct knowledge of the matter. Background Tata is building the iPhone […]
Cipla Targets Acquisitions, Partnerships in US Market
Cipla, one of the leading pharmaceutical companies in India, is looking for opportunities to expand its presence in the US market through acquisitions and inorganic partnerships. The company is also focusing on improving its top line growth in Europe and margin expansion in South Africa. The US market is a key strategic area for Cipla, […]
Massive Orders for Indian Toy Makers at German Fair
Indian toys appreciated amid anti-China sentiment Indian toy makers, who participated in the five-day international toy fair in Nuremberg, Germany, have received huge orders worth crores as they showcased high-quality products, exporters say. According to the toy exporters, buyers from countries such as the US, UK, South Africa, and Germany showed interest in their products […]
IKEA’s Next Investment Phase in India
IKEA, the Swedish furniture retailer, is looking at the next round of investment in India after fulfilling its commitment of Rs 10,500 crore when it entered the country 10 years back, according to the company’s India CEO Susanne Pulverer. The company, which kicked off its retail operations in India with the opening of its first […]
SIAC Dismisses Sony’s Petition Against Zee
The Singapore International Arbitration Centre (SIAC) has rejected the emergency arbitration petition filed by Sony Group against Zee Entertainment Enterprises over their failed merger, citing lack of jurisdiction. The petition was filed after Sony terminated the merger agreement that would have created a $10 billion entertainment giant in India. Background of the merger Sony Pictures […]