India’s Ola Electric slashes sales targets ahead of planned IPO -document, sources

Ola electric scooters are seen outside the Ola Electric Service Centre, in Thane on the outskirts of Mumbai, India, October 25, 2023. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing Rights Ola sees 2023-24 sales 66% lower than previous estimate-document Ola aims now to turn profitable a year later in 2024-25-document Targets “toned down” after govt incentive cuts-sources […]

Exclusive: Apple warns India’s EU-style charger rules will hit local production target

[1/2]Apple iPhones are seen inside India’s first Apple retail store during a media preview, a day ahead of its launch in Mumbai, India, April 17, 2023. REUTERS/Francis Mascarenhas Acquire Licensing Rights Apple lobbies India to delay EU-like rule on common charger U.S. giant seeks more time in India beyond EU deadline Apple says production targets […]

AT&T bets on new technology to build US telecommunications network

The logo of AT&T is seen at a store in Golden, Colorado United States on July 25, 2017. Reuters/Rick Wilking/file photo obtain licensing rights STOCKHOLM, Dec 4 (Reuters) – AT&T (TN) It said Monday it plans to use so-called ORAN technology for 70% of its wireless network traffic in the United States by the end […]

10x Genomics sues rival Curio over gene-sequencing technology

A technician works with genome samples in a laboratory of biotech company Synogen, which specializes in dog cloning, on June 15, 2018 in Beijing, China. Photo taken on June 15, 2018. Reuters/Thomas Peter obtain licensing rights Summary companies law firm 10x says Curio’s Seeker kits infringe patents 10x won $31 million from rival NanoString in […]

NEC develops technology for video-to-text generator AI

Japanese electronics giant NEC has developed a generative AI technology that can analyze video footage and explain what it sees in text. NEC’s newly developed AI uses its ability to recognize faces or objects in video and describe them in words. The information is then refined into coherent text using generative AI. Potential applications include […]

India’s UltraTech to buy Kesoram’s cement business for $645 mln

A man cleans an Expert Testing Van of UltraTech Cement outside a cement store in Ahmedabad, India, July 28, 2022. REUTERS/Amit Dave/File Photo Acquire Licensing Rights BENGALURU, Nov 30 (Reuters) – India’s UltraTech Cement (ULTC.NS) said on Thursday it will buy the cement business of Kesoram Industries (KSRM.NS) in an all-stock deal valued at 53.79 […]

US and India’s strengthening bond is weak on trust

An attendee holds U.S. and India flags on the South Lawn of the White House, in Washington, U.S., June 22, 2023. REUTERS/Kevin Lamarque Acquire Licensing Rights MUMBAI, Nov 30 (Reuters Breakingviews) – Trust between the United States and India is eroding. New Delhi reacted soberly when the U.S. Department of Justice said on Wednesday that […]

Microsoft president says no chance of super-intelligent AI soon

Vice Chairman of Microsoft Brad Smith looks on during the 5th Summit of “Christchurch Call”, at the Elysee Presidential Palace in Paris, France November 10, 2023. LUDOVIC MARIN/Pool via REUTERS/File Photo Acquire Licensing Rights LONDON, Nov 30 (Reuters) – The president of tech giant Microsoft (MSFT.O) said there is no probability of super-intelligent artificial intelligence […]

Malaysia’s Sime Darby seeks to expand car retail business into India, Indonesia – CEO

A logo of Sime Darby is seen at its car showroom in Petaling Jaya, Malaysia November 30, 2023. REUTERS/Hasnoor Hussain/File Photo Acquire Licensing Rights KUALA LUMPUR/SINGAPORE, Nov 30 (Reuters) – Sime Darby (SIME.KL), Malaysia’s industrial and automotive conglomerate, is looking to set up a luxury car retail business in India and expand in Indonesia to […]

India’s DLF mulls first bond issue in three years – bankers

Workers install power lines inside a luxury residential project by Indian property developer DLF in Gurugram, India, February 28, 2023. REUTERS/Amit Dave Acquire Licensing Rights MUMBAI, Nov 30 (Reuters) – India’s DLF Ltd (DLF.NS) is mulling its first sale of bonds in three years amid a revival in the country’s real estate market, three merchant […]