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Ola Electric launches affordable S1 Z and Gig scooters with portable battery
Ola Electric shares surged 9% to an intraday high of Rs 79.4 following the launch of its affordable S1 Z and Gig range scooters, priced from Rs 39,000. CEO Bhavish Aggarwal highlighted the scooters' portable battery feature, which can function as a home inverter. Reservations are open, with deliveries expected to start in April 2025.
Moneycontrol
Indian Rupee OLA ELECTRIC MOBILITY LTD IND Bhavish Aggarwal
Technology & Innovation, Press Release
05:38 27.11.2024
LTIMindtree aims for USD 10 billion revenue with strong AI capabilities
Motilal Oswal has maintained a buy rating on LTIMindtree with a target price of INR 7,400, indicating a 19% upside. The company aims for USD 10 billion in revenue and an EBIT margin of 17-18%, leveraging strengths in AI and data engineering, despite facing margin challenges. Increased spending from BFSI clients on transformation projects positions LTIM to benefit as demand strengthens.
Moneycontrol
United States Dollar Mindtree IND
Technology & Innovation, Market Report
05:30 27.11.2024
amsung electronics announces leadership changes amid semiconductor competition challenges
Samsung Electronics has appointed Jun Young-hyun as co-CEO and head of its memory chip division, while Han Jin-man will lead the foundry business, amid fierce competition in the semiconductor market. Following the announcement, the company's shares dropped 3%, reflecting investor concerns over its competitive position against rivals like SK Hynix. Analysts suggest that the leadership changes aim to stabilize operations while addressing business uncertainties.
CNBC
Samsung Electronics SK Hynix KOR Jun Young-hyun Park Jin-man
Technology & Innovation, Market Report
05:04 27.11.2024
hesai group reports record growth and predicts future lidar expansion
Hesai Group, the leading lidar sensor manufacturer for driver assistance systems, reported a 21% increase in third-quarter revenue to $76.9 million, with shares soaring 44% in New York. CEO David Li forecasts continued growth, projecting shipments to reach 1 million units by 2025.
Bloomberg.com
United States Dollar Hesai Group CHN David Lynch
Technology & Innovation, Market Report
03:35 27.11.2024
Wipro secures four year contract extension with Marelli valued at 100 million
Wipro has secured a four-year, $100 million contract extension with Marelli, focusing on cloud transformation and operational efficiency in the automotive sector. The partnership will centralize Marelli’s data infrastructure, enhancing innovation and market responsiveness. Graziella Neuvéglise from Wipro expressed excitement about this tailored modernization program.
Moneycontrol
United States Dollar Wipro Limited Marelli IND
Technology & Innovation, Press Release
03:13 27.11.2024
macnica plans overseas acquisitions to boost market share in chip distribution
Japan's leading chip distributor, Macnica, is pursuing acquisitions in China and India to enhance its market share amid increasing competition. President Kazumasa Hara emphasized the need for scale to navigate the US-China tech rivalry and indicated that a multi-billion dollar investment is likely. Currently holding a 22% market share domestically, Macnica aims to reach 30% by 2030 through both acquisitions and organic growth.
Moneycontrol
United States Dollar Indian Rupee Chinese Yuan South Korean Won Intel Corporation JPN Kazumasa Hara
Technology & Innovation, Market Report
03:10 27.11.2024
tech winners and losers of 2024 a year of innovation and failure
In 2024, the tech landscape saw significant upheaval, with X (formerly Twitter) and Amazon facing major setbacks due to mismanagement and employee dissatisfaction. Meanwhile, AI tools and platforms thrived, with NVIDIA leading the charge in the AI sector, while Bluesky emerged as a popular alternative to X. The year also highlighted the rise of Arm-based chips and the successful collaboration of major tech companies through the Matter Protocol, enhancing smart home functionality.
ZDNET
Apple Inc. Adobe Inc. Meta CrowdStrike Holdings, Inc. Amazon.com, Inc. Tesla, Inc. OpenAI Sonos, Inc. Twitter NVIDIA Corporation Intel Elon Musk Show more
Technology & Innovation, Market Report
15:59 26.11.2024
Xiaomi's innovative electric cars challenge traditional automotive giants with smart integration
Xiaomi is set to launch its electric car, the SU7, which integrates seamlessly with its ecosystem of smart home products, allowing users to control devices like vacuums and air conditioners from the vehicle. The SU7 features a powerful triple-motor drivetrain and a user-friendly operating system compatible with both iOS and Android. Upcoming models include the MX11, an electric SUV, and a potential extended-range vehicle, reflecting Xiaomi's ambition to capture the young Chinese consumer market.
WIRED
Ferrari N.V. VOLVO CAR Polestar Mercedes-Benz Group AG Mini BMW Tesla, Inc. XIAOMI-W Bugatti Porsche Ford ITA CHN Show more
Technology & Innovation, Market Report
14:43 26.11.2024
Mahindra launches two electric SUVs in new Born Electric range
Mahindra and Mahindra unveiled its first 'Born Electric' e-SUVs, the XEV 9e and BE 6e, on November 26, marking a significant step in its electric mobility journey. Both models are built on the new 'INGLO' platform, which enhances interior space and features the lightest flat-floor design for electric vehicles. Deliveries are expected to begin in the final quarter of the financial year, with prices starting at Rs 18.90 lakh for the BE 6e and Rs 21.90 lakh for the XEV 9e.
Moneycontrol
Indian Rupee Mahindra AND Mahindra Ltd. IND
Technology & Innovation, Press Release
14:22 26.11.2024
growth of ucaaS in healthcare driven by communication and collaboration needs
Avaya Inc. and RingCentral have expanded their strategic partnership to enhance communication in healthcare, driven by the rising demand for efficient collaboration tools. The UCaaS market in healthcare is projected to grow significantly, fueled by increased R&D spending and the shift towards telehealth solutions. Key players include IBM, Verizon, and Comcast, with a focus on integrating AI and improving patient engagement through advanced communication technologies.
openPR.com
United States Dollar Star2Star Communications LLC Verizon Communications Inc. Comcast Corporation 8x8, Inc. Westlake Corporation IBM Corporation Vonage Holdings Inc ALE International ALE USA Inc Ring Central Inc USA QAT DEU ITA ARG AUS IND ISR KOR MAR CAN TUN BEL TUR NLD CHL AUT MEX FRA TWN ZAF SAU RUS SGP POL JPN GBR BRA NGA NZL COL ARE ESP CHN Vinay Rai Craig Francis Show more
Technology & Innovation, Market Report
13:42 26.11.2024
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