Articles for tag: Acquisitions, Aditya, AIL, Competition, Complex, Divests, Dixon, Fierce, Infotech, Market, Navigating, Stake, Tech, Technologies

September 10, 2024

Dixon Technologies divests its stake in AIL Dixon Tech to Aditya Infotech, navigating complex acquisitions amidst fierce market competition.

Dixon Technologies (India) has recently announced plans to sell its 50% stake in the joint venture AIL Dixon Technologies to Aditya Infotech. The move comes with approval from India’s fair trade regulator, the CCI, which has also cleared Aditya Infotech’s acquisition of a stake in AIL Dixon Technologies. The joint venture specializes in manufacturing electronic ...

September 10, 2024

Market News

Business

Huawei’s new Mate XT foldable phone garners 3.6 million pre-orders, overshadowing Apple’s latest iPhone amid fierce competition in China.

Huawei has launched its new three-way foldable smartphone, the Mate XT, aiming to strengthen its position against Apple in China’s competitive smartphone Market. The device garnered over 3.6 million pre-orders on Huawei’s website, even before its official release on September 20, coinciding with the expected launch of Apple’s latest iPhone model. Despite Huawei’s success in ...

September 9, 2024

Market News

Business

Ather Energy aims to raise Rs 4,500 crore for expansion amidst India’s booming EV market, despite widening losses and fierce competition.

Ather Energy, an Indian electric scooter manufacturer, has filed for a ₹4,500 crore (approximately $536 million) initial public offering (IPO) at a valuation of $2.5 billion. This move comes as the company aims to enhance its presence in the booming electric vehicle Market, following the recent IPO of competitor Ola Electric. From the total offering, ...

September 4, 2024

Market News

Business

You.com secures M funding, totaling M, to enhance its AI-driven search and productivity tools amid fierce competition.

You.com secures $50M funding, totaling $99M, to enhance its AI-driven search and productivity tools amid fierce competition.

You.com, an AI-driven search engine and productivity tool founded by Richard Socher, has successfully raised $50 million in funding, boosting its total to $99 million. The investment round was led by Georgian and included support from notable backers like Nvidia, Duck Duck Go, and Salesforce Ventures. As competition in the AI search Market intensifies with ...

September 4, 2024

Market News

Business

Volkswagen Faces Turmoil: Fierce Union Resistance Against Proposed Factory Closures

Volkswagen is facing a challenging meeting as management proposes major cuts, including potential factory closures in Germany, to achieve a profit target of 6.5% by 2026. CFO Arno Antlitz and VW brand chief Thomas Schaefer will address the workforce in Wolfsburg, while works council head Daniela Cavallo warns of strong opposition to these plans. The ...