The company said the industrial business was one of the main drivers for growth, with Catia, Enovia and Delmia brands all delivering double-digit growth. By Jagoda Darlak and Federica Mileo French software maker Dassault Systemes on Tuesday raised its annual forecasts after reporting second-quarter revenue above analysts’ expectations driven by its industrial business. The group,… Continue reading Dassault Systemes raises annual targets after sales beat
Author: Economic Times of India Online News
Globalization is just getting started
Like it or not, we live in a globalized economy. How you define or measure globalization can vary, but it tends to just mean greater financial integration among countries, as well as more political cooperation, immigration, and trade of goods and services. In all these domains, globalization has been on the rise until recently. Some… Continue reading Globalization is just getting started
Global growth fears, Fed keep dollar propped up
The U.S. dollar index was slightly lower at 106.320, but not too far below a 20-year high of 109.290 hit in mid July, as the greenback draws strength both from the expectation of U.S. rate rises and as a safe bet in a global slowdown. SINGAPORE – The dollar wobbled around just below multi-decade peaks… Continue reading Global growth fears, Fed keep dollar propped up
Debt raised by state PSUs to be considered borrowing by state: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Monday said the borrowing by state public sector undertakings or their special purpose vehicles (SPVs) will be considered as borrowing by the state government needing consent. Instances of borrowing by certain state public sector companies, SPVs and other equivalent instruments, where principal and/or interest are to be serviced out of… Continue reading Debt raised by state PSUs to be considered borrowing by state: FM Nirmala Sitharaman
We are close to achieving 20 MW/h energy storage capacity annually: Ankit Mittal, Founder, Sheru
Sheru is a new generation energy storage company with a unique concept of cloud storage of energy. Sheru solves the problem of lack of storage by aggregating idle battery capacity to create a virtual energy storage platform. Power producers and utilities can store their energy virtually, on-demand, and on a pay-per-use basis. In an exclusive… Continue reading We are close to achieving 20 MW/h energy storage capacity annually: Ankit Mittal, Founder, Sheru
VC funding dips in India in Q2 as investors focus on cash preservation
VC investment in India dipped in the April-June quarter (Q2) as investors shifted their focus to cash preservation in anticipation of funding becoming less easy to obtain over the next few quarters, a report showed on Monday. VC investors in India now require companies to strengthen their paths to profitability and lower their cash burn,… Continue reading VC funding dips in India in Q2 as investors focus on cash preservation
A recession in the United States will also come to India’s tech hub
India’s tech industry is ruling out a US recession. Or so you would think from Infosys Ltd.’s cheery forecast of 14% to 16% annual revenue growth, slightly better than what the country’s second-biggest exporter of software services was projecting just three months ago. The Bengaluru-based firm, which reported its June quarter earnings on Sunday, is… Continue reading A recession in the United States will also come to India’s tech hub
Moto Business Service to manage electric vehicles of FullFily
Representative image Moto Business Service India, a leasing firm of Yamaha Motors, on Monday announced a partnership with Chennai-based FullFily, marking its foray into electric two and three-wheelers asset management services. Under the partnership, Moto Business Service India (MBSI) will manage electric two and three-wheelers of FullFily, which is an end-to-end electric vehicle-as-a-service and delivery-as-a-service… Continue reading Moto Business Service to manage electric vehicles of FullFily
L&T to sell 8 roads, transmission project to Edelweiss fund for Rs 7000 crore
Engineering giant Larsen & Toubro (L&T) is selling its eight operational road assets that the company built and operated to Edelweiss Infrastructure Yield Plus, an infrastructure fund managed by Edelweiss Alternative Asset Advisors, for an enterprise valuation of Rs 7,000 crore, said people aware of the matter. The transaction, yet to be made public, was… Continue reading L&T to sell 8 roads, transmission project to Edelweiss fund for Rs 7000 crore
EV charging stations being set up in Nashik & Ahmednagar
Nashik: Citizens and traders across Nashik and Ahmednagar districts have installed electric vehicle (EV) charging infrastructure to charge the electric vehicles in the two districts. The Nashik zone of the Maharashtra State Electricity Distribution Company Limited (MSEDCL) has so far given 17 connections across the two districts, while another 10 will be given soon. There… Continue reading EV charging stations being set up in Nashik & Ahmednagar