LTIMindtree, a global technology consulting and digital solutions company, has announced a strategic collaboration with Microsoft to launch a new suite of AI-powered employee engagement applications. The applications, part of LTIMindtree’s Canvas.AI platform, will leverage Microsoft Azure OpenAI Service and Azure Cognitive Search to provide a range of AI-led capabilities, such as content summarization, knowledge…
Quectel and Syrma SGS join hands to manufacture IoT modules in India
Quectel Wireless Solutions, a global IoT solutions provider, has announced a collaboration with Syrma SGS Technology Ltd, a leading electronic manufacturing services provider, to manufacture a range of IoT modules in India. The partnership aligns with the Make in India initiative, which aims to transform India into a global design and manufacturing hub. The collaboration…
JSX to buy 332 hybrid-electric planes for regional air service
JSX, the world’s only 5-star premium regional air carrier, has announced its plan to buy up to 332 hybrid-electric planes from three different manufacturers, aiming to lead the way in sustainable and accessible regional air travel. The company has signed Letters of Intent to acquire up to 82 Electra eSTOLs, 150 Aura Aero Eras, and…
Who are world’s richest women in 2023?
According to Forbes, the world’s richest women in 2023 are: Françoise Bettencourt Meyers, the L’Oréal heiress, with a net worth of $80.5 billion. Julia Koch, the widow of David Koch, who inherited a 42% stake in Koch Industries, with a net worth of $59 billion. Alice Walton, the daughter of Walmart founder Sam Walton, with…
Who are the world’s richest men in 2023?
According to Forbes’ 37th annual billionaires list, released on April 4, 2023, the world’s richest man in 2023 is Bernard Arnault, the head of luxury goods giant LVMH, with an estimated fortune of $211 billion. He is followed by Elon Musk, the founder of Tesla and SpaceX, with $180 billion. The third spot goes to…
U Bank and Bank Alfalah join hands to boost microfinance in Pakistan
KARACHI: In a bid to strengthen the microfinance sector in Pakistan and promote financial inclusion, U Microfinance Bank (U Bank) and Bank Alfalah Limited have entered into a strategic partnership to collaborate on a short-term financing facility of PKR 10 billion. The facility will enable U Bank to expand its outreach and offer a range…
TrustedReviews rebrands as CANDR Media Group following acquisition of Wareable Media
LONDON: TrustedReviews Limited, a media company that has been providing authoritative and unbiased tech reviews and content for over a decade, has announced a major change in its corporate identity. The company is now called CANDR Media Group, a name that reflects its core values of candour, openness, and honesty. The rebranding comes after the…
Farfetch sold to Coupang
Farfetch, the online luxury retailer, has been acquired by Coupang, the South Korean e-commerce giant, in a deal that will provide Farfetch with $500 million in urgent financing. The deal will also end Farfetch’s partnership with Richemont, the Swiss luxury group, and its plans to buy a stake in Yoox-Net-A-Porter, a rival online platform. Farfetch…
Jubilant Foodworks raises offer for DP Eurasia to £139.3m
LONDON, UK: Jubilant Foodworks, the owner of Domino’s Pizza franchises in India and other countries, has increased its cash offer for DP Eurasia, the operator of Domino’s Pizza outlets in Turkey and Russia, from 85 pence to 95 pence per share. The revised offer values DP Eurasia at £139.3m and represents a premium of 38.7…
Virtualware celebrates 20 years of VR innovation and unveils new strategic plan
PARIS, FRANCE: Virtualware, a leading company in virtual reality solutions, marked its 20th anniversary yesterday with an open letter from its CEO, Unai Extremo, announcing a new strategic plan for 2024-2026. The plan outlines the company’s vision to continue innovating and expanding in the global market of virtual and augmented reality. “Today, as we celebrate…
Alternative Income REIT buys Virgin Active club in Streatham for £5.1m
LONDON, UK: Alternative Income REIT PLC (AIRE), a UK commercial property investor, has acquired a Virgin Active leisure club in Streatham, South-West London, for £5.1 million. The deal reflects a high yield of 9.8% and a discount to replacement cost. The company said the purchase redeploys most of the proceeds from the sale of the…
Focusrite plc has acquired Sheriff Technology Limited, trading as OutBoard
LONDON, UK: Focusrite plc (AIM: TUNE), the global music and audio products group supplying hardware and software used by professional and amateur musicians and the entertainment industry, announced the acquisition of Sheriff Technology Limited, trading as OutBoard. The initial cash consideration of £2.37 million will be funded from internal cash resources and existing facilities. There…