EKA, Mitsui & VDL Groep have entered a strategic long-term partnership, that will include joint investments, equity & technology cooperation With a joint investment of over USD 100 million (~ INR 850 crores) in phases, the cooperation will position India as the global manufacturing & sourcing hub for electric vehicles PUNE, India, Dec. 27, 2023… Continue reading EKA Mobility joins forces with Mitsui and VDL Groep to create a leading global OEM in India
Tag: M and A
Abdul Latif Jameel continues its commitment to nurturing sporting talent with launch of “Jameel Motorsport”
Aligned with the objectives of Vision 2030, Jameel Motorsport strives to play a pivotal role in strengthening the Kingdom’s global prominence in motorsport with an emphasis on fostering innovation, empowerment, and leadership. The introduction of “Jameel Motorsport” is geared towards supporting burgeoning sports sectors both domestically and internationally, encompassing ten strategic focus areas. JEDDAH, Saudi Arabia,… Continue reading Abdul Latif Jameel continues its commitment to nurturing sporting talent with launch of “Jameel Motorsport”
Riyadh Airports Company selects Cognizant to help enhance its digital transformation
TEANECK, N.J., Dec. 27, 2023 /PRNewswire/ — Riyadh Airports Company (RAC) has appointed Cognizant to enhance the capabilities of RAC’s Enterprise Resource Planning (ERP) and business processes automation capabilities. The collaboration aims to revolutionize digital capabilities in the domains of finance, human resources, procurement, and planning, ultimately enhancing the traveler experience. Continue Reading Cognizant_Riyadh_Airports As… Continue reading Riyadh Airports Company selects Cognizant to help enhance its digital transformation
Terra Drone’s Group Company, Unifly, Successfully Completes Groundbreaking UTM Cybersecurity Model Project in Partnership with FAA
TOKYO, Dec. 27, 2023 /PRNewswire/ — Unifly, a Terra Drone Corporation group company and a leading provider of Unmanned Traffic Management (UTM) systems, proudly announces the successful completion of the Unified UTM Cybersecurity Model project, granted by the Federal Aviation Administration (FAA) under Broad Agency Announcement call 003. In partnership with the Rhea Group and… Continue reading Terra Drone’s Group Company, Unifly, Successfully Completes Groundbreaking UTM Cybersecurity Model Project in Partnership with FAA
DBS to raise stake in China’s Shenzen Bank in $285m deal
DBS Group Holdings said on Friday it was raising its stake in China’s Shenzhen Rural Commercial Bank in a S$376 million ($284.72 million) deal, as it looks to tap into growing opportunities in the Greater China region. DBS Bank, a unit of Southeast Asia’s largest lender, will increase its stake in the unlisted Chinese bank to 16.69% from 13%. The bank will acquire 383.6 million shares at 5.52 yuan… Continue reading DBS to raise stake in China’s Shenzen Bank in $285m deal
Reasons Why A. O. Smith (AOS) Should be in Your Portfolio Now
A. O. Smith Corporation AOS is well poised for growth courtesy of strength across its end markets, strategic acquisitions and focus on operational excellence. The company remains committed to investing in growth opportunities and strengthening its long-term market position. It has a market capitalization of $12.2 billion. Over the past three months, it has gained… Continue reading Reasons Why A. O. Smith (AOS) Should be in Your Portfolio Now
5 Industrial Stocks Rising More Than 40% YTD With Room to Run
The Zacks Industrial Products sector put up a resilient show in 2023 despite the persistence of inflationary pressure and aggressive interest rate policy from the Federal Reserve. However, the situation appears to be improving lately as inflation continued to show signs of a steady decline and expectations of multiple rate cuts in 2024 heightened. The… Continue reading 5 Industrial Stocks Rising More Than 40% YTD With Room to Run
Samarkand International Airport Welcomes Millionth Passenger as Traffic Doubles In a Year
SAMARKAND, Uzbekistan, Dec. 28, 2023 /PRNewswire/ — Air Marakanda, the management company operating Samarkand International Airport, today announced a doubling of passenger traffic for the year, compared with 495,000 passengers in 2022, and welcomed its one millionth passenger. The milestone not only represents the booming tourism appeal of Uzbekistan’s second city, but also highlights the… Continue reading Samarkand International Airport Welcomes Millionth Passenger as Traffic Doubles In a Year
Saving Species Challenge Attracts Global Interest
52 applicants in the running for $1 million INDIANAPOLIS, Dec. 28, 2023 /PRNewswire/ — The Indianapolis Zoo’s bold new conservation initiative will award $1 million to a single organization working to save a species from extinction. The Saving Species Challenge has attracted the interest of conservationists representing 52 species in 46 nations. Each applicant has… Continue reading Saving Species Challenge Attracts Global Interest
Hyundai Mobis to Assist Marine Corps in Reducing Motion Sickness in Armored Vehicles
MOU Signed with the Marine Corps for the Advancement of Motion Sickness Reduction Technology, Specialized for Harsh Conditions in Armored Amphibious Vehicles Real-time Monitoring and Analysis of Passenger Biometric Data; Stimulation of Visual, Auditory, and Tactile Senses to Alleviate Motion Sickness Symptoms Integration of Autonomous Driving and Cognitive Technologies; Developing Specialized Technologies Beyond Automotive for Maritime… Continue reading Hyundai Mobis to Assist Marine Corps in Reducing Motion Sickness in Armored Vehicles