Digital and engineering services company Onward Technologies Ltd on Thursday said its board has considered and approved raising Rs70.2 crore from funds advised by Convergent Finance LLP, a private equity investment firm founded by former Fairfax India head Harsha Raghavan. Onward Tech is a niche digital and engineering services company which provides mechanical engineering, electronics… Continue reading India: Engineering firm Onward Tech to raise $9.6m from PE investor Convergent Finance …
Tag: Strategy
Scania Growth Capital invests in sensors for autonomous vehicles
SÖDERTÄLJE, Sweden, May 27, 2021 /PRNewswire/ — Scania’s corporate venture capital-fund announces investment of € 7,5 million in Scantinel to finance further growth in its specialist LiDAR (Light Detection and Ranging) technology. Scantinel Photonics GmbH is a leading LiDAR (Light Detection and Ranging) start-up and a part of the ZEISS Ventures portfolio, based in Germany.… Continue reading Scania Growth Capital invests in sensors for autonomous vehicles
@niche: Why Nikola, Workhorse Group, and Lordstown Motors Stocks Jumped Today000908
Bloomberg Exxon CEO Is Dealt Stinging Setback at Hands of New Activist (Bloomberg) — Exxon Mobil Corp. CEO Darren Woods was dealt a stunning defeat by shareholders when a tiny activist investment firm snagged at least two board seats and promised to push the crude driller to diversify beyond oil and fight climate change.For Woods,… Continue reading @niche: Why Nikola, Workhorse Group, and Lordstown Motors Stocks Jumped Today000908
Esco Lifesciences raises $200m in Vivo Capital, Novo Holdings-led round …
Singapore-based Esco Lifesciences, which provides products and services for the life sciences and healthcare industries, has announced the closure of an oversubscribed $200 million Series A and crossover round led by Vivo Capital and Novo Holdings. The round saw participation from new investors including EDBI, which is the investment arm of the Singapore Economic Development… Continue reading Esco Lifesciences raises $200m in Vivo Capital, Novo Holdings-led round …
SoftBank CEO Masayoshi Son’s pay fell by half last year
SoftBank Group Corp Chief Executive Masayoshi Son’s remuneration for the past business year fell by 52% to 100 million yen ($915,000) including basic pay, a filing from the Japanese conglomerate showed on Thursday. The disclosure ahead of SoftBank‘s annual general meeting on June 23 follows a turbulent year which saw the group pounded by the COVID-19 pandemic before rebounding to record profit on market appetite… Continue reading SoftBank CEO Masayoshi Son’s pay fell by half last year
Ford’s $30B investment in electric revs up in-house battery R&D
Ford is increasing its investment in its electric vehicle future to $30 billion by 2025, up from a previous spend of $22 billion by 2023. The company announced the fresh cashflow into its EV and battery development strategy, dubbed Ford+, during an investor day on Tuesday. The company said it expects 40% of its global… Continue reading Ford’s $30B investment in electric revs up in-house battery R&D
Intermap Enters Strategic Agreement with TATA Communications, Enables Major Energy Infrastructure Program in the Middle East, Expands Commercial Markets to India and Saudi Arabia
Establishes opportunity to support 80% of the world’s mobile subscribers in over 200 countries Commercial markets rebounding quickly with growing demand around the world for Intermap’s elevation data-as-a-service DENVER, May 26, 2021 /PRNewswire/ – Intermap Technologies (TSX: IMP) (OTCQX: ITMSF) (“Intermap” or the “Company”), a global leader in geospatial intelligence solutions, today announced further expansion into… Continue reading Intermap Enters Strategic Agreement with TATA Communications, Enables Major Energy Infrastructure Program in the Middle East, Expands Commercial Markets to India and Saudi Arabia
Chicago City Council Votes To Approve Tighter Towing Regulations
DES PLAINES, Ill., May 26, 2021 /PRNewswire/ — The National Insurance Crime Bureau is pleased to announce the passage of changes to the city ordinance requiring additional licensing to improve towing safety by the Chicago City Council in a vote held earlier today. “We are grateful the Chicago City Council voted and passed these changes to… Continue reading Chicago City Council Votes To Approve Tighter Towing Regulations
@Ford: Ted Cannis
Ted was appointed CEO, Ford Pro, and a corporate officer effective June 1, 2021. In this role, Cannis leads a global team that is redefining customer value through the auto industry’s first standalone commercial-vehicles services and distribution business inside Ford – a key part of Ford+, the Blue Oval’s plan for growth. Ford Pro leverages… Continue reading @Ford: Ted Cannis
Bosch is making the smart home even more user-friendly
About Bosch The Bosch Group is a leading global supplier of technology and services. It employs roughly 395,000 associates worldwide (as of December 31, 2020). The company generated sales of 71.5 billion euros in 2020. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As… Continue reading Bosch is making the smart home even more user-friendly