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

Politics

MK Stalin’s $8.5 Billion Bet: Turning Tamil Nadu into a Tech Utopia or Just Another Political Photo-Op?

Tamil Nadu Chief Minister MK Stalin recently announced that the state has secured MOUs worth Rs 8.5 billion with US companies Lincoln Electric, Vishay Precision, and Visteon. He emphasized that these agreements mark a significant step towards the state’s vision of growth and opportunity. Additionally, a Rs 20 billion deal with Trilliant for a manufacturing ...

September 10, 2024

Market News

Business

Apple’s iPhone 16 heralds a new AI era, aiming to reclaim innovation as it competes fiercely against rivals in the tech revolution.

Apple is set to unveil the iPhone 16, marking a significant shift towards artificial intelligence. This new model aims to enhance features like Siri and create customized emojis in real-time, positioning Apple as a key player in the consumer AI landscape. The launch event, scheduled for Monday in California, is generating excitement as the iPhone ...

September 9, 2024

Market News

Politics

Modi’s Grand Plans: Can SEMICON India 2024 Really Make Us a Tech Titan?

Prime Minister Narendra Modi will inaugurate SEMICON India 2024 at the India Expo Mart in Greater Noida, Uttar Pradesh, on September 11 at 10:30 AM. This significant three-day event runs from September 11 to 13, focusing on the theme “Shaping the Semiconductor Future.” The conference aims to highlight India’s strategy to become a global hub ...

September 9, 2024

Market News

Business

Google faces a dramatic antitrust lawsuit threatening its ad tech dominance, following a prior ruling declaring its search engine a monopoly.

One month after a judge ruled that Google’s search engine operates illegally as a monopoly, the tech giant is facing another antitrust lawsuit concerning its advertising technology. The U.S. Justice Department claims that Google maintains a monopoly by controlling both sides of the advertising transaction, which leads to higher fees for publishers and advertisers. As ...

September 6, 2024

Market News

Business

Hyundai launches new EXTER variants amid declining sales, featuring advanced tech and safety upgrades to regain market attention.

Hyundai Motor India has introduced two new variants of its popular entry-level SUV, EXTER. The S(O)+ variant, featuring manual transmission, is priced at Rs 786,300, while the S+ variant boasts an automated manual transmission (AMT) and costs Rs 8,43,900. Both models come loaded with exciting features, including a smart electric sunroof, a digital cluster with ...

September 5, 2024

Market News

Business

Generative AI fuels TCS’s rapid growth in engineering and design, transforming product cycles and propelling India’s tech industry to new heights.

Tata Consultancy Services (TCS) is leveraging generative AI to enhance its engineering research and design capabilities, leading to a 20% acceleration in product development cycles for major clients like Rolls Royce and Jaguar Land Rover. This sector is projected to grow significantly, with an expected value of $170 billion by 2030, nearly quadrupling from current ...

September 3, 2024

Market News

Business

Espionage Unveiled: Chinese Firms Target Taiwan’s Tech Secrets Amidst Raids

Taiwan’s Ministry of Justice Investigation Bureau has uncovered illegal operations by Chinese companies in Taiwan, aimed at stealing business secrets and recruiting local tech talent. Following coordinated raids on eight suspected firms, the investigations revealed a network funded by Chinese state-run organizations, targeting critical areas like semiconductor technology, 5G, satellite communication, and green energy. One ...

September 1, 2024

Market News

Business

Big Tech Titans Eye OpenAI’s 0 Billion Funding Opportunity Amid AI Arms Race

Big Tech Titans Eye OpenAI’s $100 Billion Funding Opportunity Amid AI Arms Race

OpenAI is attracting significant interest in its latest funding round from the top three tech companies: Nvidia, Apple, and Microsoft. This round aims to value the artificial intelligence startup at over $100 billion, with Nvidia considering a $100 million investment and Thrive Capital leading with around $1 billion. Microsoft is already OpenAI’s largest backer with ...

August 31, 2024

Market News

Business

IBM Exits China: Job Cuts Amid Rising US-China Tech Tensions

IBM is planning to scale back its operations in China, reportedly due to rising tensions between the US and China, as well as a decline in the Chinese economy. The company is cutting about 1,000 jobs in major cities like Beijing, Shanghai, and Dalian and is ending its research operations in China after 25 years. ...