EUR

With its headquarters in Zurich, the startup aims to revolutionize the in-car entertainment sector by utilizing Cloud OTA (over-the-air) technology, bringing the USD 152 billion mobile gaming industry to living room TVs and automotive entertainment systems.New Delhi: Pune-based KPIT Technologies, a prominent software integration partner in the automotive and mobility sector, is poised to acquire a 13% stake in the Switzerland-based N-Dream AG, an emerging startup…

According to a report, Instagram and Facebook could soon be available in some countries without any ads as part of the company's efforts to comply with privacy regulations. Parent company Meta has reportedly pitched regulators the possibility of offering users the ability to pay a monthly fee instead of viewing personalised ads based on their information. Meta does not currently charge users for access to the company's core services in any region, but privacy-related regulation is set to impact…

Bosch plant in Bamberg, Germany, will supply the Feuerbach factory with the fuel-cell stack. New Delhi: In the landscape of changing energy mix for the mobility industry, Bosch will invest nearly EUR 2.5 billion in H2 (Hydrogen) technology by 2026. It has employed around 3,000 people for this. Bosch has also started commercial production of hydrogen fuel-cell modules at its Stuttgart-Feuerbach plant.The US-based Nikola Corporation will serve as the pilot customer with its…

Facebook owner Meta has been fined a record EUR 1.2 billion (nearly Rs. 10,750 crore) for transferring EU user data to the United States in breach of a previous court ruling, Ireland's regulator announced Monday.The Irish Data Protection Commission (DPC), which acts on behalf of the European Union, said the European Data Protection Board (EDPB) had ordered it to collect "an administrative fine in the amount of EUR 1.2 billion".The DPC has been investigating Meta Ireland's transfer of personal data from the EU to the…

Automotive production was up 6% compared with the same period in 2022. Sales for Valeo in the first quarter of 2023 was up 15 % to EUR 5,482 million, lifted by the acceleration in ADAS and high-voltage electric powertrain system, the company said in a media release.Christophe Périllat, Valeo’s Chief Executive Officer, said, "Our first-quarter sales, up 15% to 5.5 billion euros, reflect a solid start to 2023 for Valeo. This performance was supported by the acceleration…

At present, the former Continental division is still strongly attached to the combustion engine and other areas. In 2022, drive supplier Vitesco Technologies turned around EUR 1.1 billion, compared to 0.9 billion euros in 2021 with electric drives and other components for electric vehicles.The supplier believes that electrification products are becoming important and will soon account for the majority of the sales. The company recorded incoming orders of EUR 14…

Vitesco Technologies generated sales of around EUR 1.1 billion from electrification components in 2022. New Delhi: Vitesco Technologies, a leading international supplier of modern drive systems for sustainable mobility, increased its sales in 2022 to EUR 9.07 billion (2021: EUR 8.35 billion; market consensus: EUR 9.08 billion). The company published its guidance, ranging from EUR 9.0 billion to EUR 9.2 billion. Adjusted for changes in the scope of consolidation and exchange rate effects, sales rose by 4%. Its core…

Oppo Find N2 Flip is expected to be unveiled for the global markets at the Mobile World Congress Barcelona 2023 event, which is set to take place in February. This clamshell foldable smartphone has already debuted in China where its pricing starts at CNY 5,999 (roughly Rs. 73,000). Now, a new report has suggested the possible pricing of the Oppo Find N2 Flip in Europe. It is expected to launch in India as well. However, its India pricing is still under wraps.Oppo Find N2 Flip global price (expected)According to an Appuals…

France's privacy watchdog CNIL on Wednesday said it had imposed a EUR 8 million (roughly Rs. 70 crore) fine linked to ad personalisation in the iPhone maker's App Store, citing shortcomings with regard to user consent."The advertising targeting settings available from the "Settings" icon of the iPhone were pre-checked by default", the CNIL said in a statement, even though that was not strictly necessary for the device's functioning.It added that the case, which dates back to 2021, concerned an old version of the phone's…

Meta must reassess the legal basis on how Facebook and Instagram use personal data to target advertising in the European Union, its lead privacy regulator in the bloc said on Wednesday when it fined the social media giant EUR 390 million (roughly Rs. 3,500 crore) for the breaches.Meta said it intended to appeal both the substance of the rulings and the fines imposed, and that the decisions do not prevent personalised advertising on its platforms.The order on personalised advertising was made in December by the EU's…