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 […]

India to probe Apollo Hospital Delhi’s alleged links to ‘cash for kidneys’ scandal

Patients and their attendants are seen inside Apollo hospital in New Delhi, India, September 8, 2015. Picture taken September 8, 2015. REUTERS/Adnan Abidi/File photo Acquire Licensing Rights NEW DELHI/HYDERABAD, Dec 6 (Reuters) – India’s health ministry has ordered a probe into Apollo Hospital Delhi, part of largest private hospital chain Apollo Hospitals (APLH.NS), after media […]

India’s Apollo Hospitals’ operator rejects allegation of illegal kidney transplants

Patients and their attendants are seen inside Apollo hospital in New Delhi, India, September 8, 2015. REUTERS/Adnan Abidi/File Photo Acquire Licensing Rights BENGALURU, Dec 5 (Reuters) – India’s Indraprastha Medical Corp (IMCL.NS), which manages two Apollo hospitals in the national capital of Delhi, said on Tuesday that allegations regarding its involvement in illegal kidney transplants […]

Shanghai wants Microsoft to promote AI tech in city – govt

A Microsoft sign at the U.S. tech giant’s offices in Issy-les-Moulineaux, near Paris, France, January 25, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing Rights BEIJING, Dec 5 (Reuters) – Shanghai authorities told Microsoft’s (MSFT.O) visiting president on Tuesday they want his company to promote artificial intelligence technology to boost businesses there, the Chinese financial hub’s government […]

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 […]

Sweden’s Saab to study new submarine technology

The logo of Saab Technologies is displayed on the fifth day of the Dubai Air Show in Dubai, United Arab Emirates on November 21, 2019. Reuters/Christopher Pike/file photo obtain licensing rights COPENHAGEN, Dec 5 (Reuters) – Swedish defense group Saab (SAABb.ST) On Tuesday it said it had signed an agreement with the Swedish Defense Materiel […]

New Indian petrochemical supplies to weigh on markets

NEW DELHI, Dec 5 (Reuters) – Two multi-billion-dollar petrochemical plants are coming online in India in coming months at a time of weaker-than-expected demand, setting the stage for fierce price competition domestically and internationally, industry officials and analysts say. Several regions, including India, China and the Middle East have been developing petrochemical production to provide […]

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 […]

Two dead in southern India, roads, runway submerged as Cyclone Michaung nears

CHENNAI, Dec 4 (Reuters) – At least two people died and the runway of one of India’s busiest airports lay submerged due to torrential rain, as two southern states braced on Monday for a severe cyclone likely to hit in the next 24 hours. Cyclone Michaung was expected to make landfall on the coast of […]