Invests

FedEx Express, a subsidiary of FedEx Corp, has invested USD 100 million in Hyderabad's economic landscape. The company has inaugurated its first Advanced Capability Community (ACC) in Hyderabad, which is a hub for technological and digital innovation. The launch ceremony was attended by FedEx Corporation President and CEO Raj Subramaniam and Richard Smith, FedEx Express President and CEO of Airline and International.The FedEx ACC is aligned with the Telangana government's strategic emphasis on nurturing a thriving pool of…

Two larger names in energy systems management have come together in a new deal that entails industry veteran Generac making a minority investment in Wallbox – a global yet growing supplier of EV chargers. Through the agreement, Generac will offer US customer’s Wallbox’s full lineup of charging solutions, including its bidirectional home DC unit. Wallbox ($WBX) Spanish developer of “advanced electric vehicle charging and energy management systems that redefine the relationship between users and the…

Cricket legend and former India captain Mahendra Singh Dhoni has invested in Bengaluru-based fitness startup Tagda Raho, the company announced on Friday. The startup, however, did not disclose the size of the investment or the company’s valuation.Tagda Raho has training centres in Bangalore and is set to launch another in Maharashtra next month, it said in a release, adding that the startup is looking to expand its footprint to four to five more states next year.Elevate Your Tech Prowess with High-Value Skill…

JLR also strongly urges any Range Rover, Defender, Discovery and Jaguar clients who have been contacted about the security updates available to them, to ensure they are completed via their authorised retailer.New Delhi: Jaguar Land Rover (JLR) UK has reaffirmed its commitment to vehicle security, ensuring vehicles are protected and updated with the latest technology to prevent thefts.Vehicles manufactured from 2022 onwards are built on JLR’s most advanced electrical…

Intel is taking a massive bet against OpenAI and ChatGPT by investing massively in Stability AI, one of OpenAI's biggest rivals. Intel is also supplying Stability with an AI supercomputer that uses high-end Xeon processors, with over 4,000 Gaudi2 AI processors…

Honor 90 5G was launched in India in September by HTech. The phone was initially released in China earlier this year in May. This phone marked the re-entry of Honor phones to the Indian market. HTech is said to begin manufacturing and distributing Honor products in India. The Honor 90 comes with a 200-megapixel primary rear camera. It gets zero bloatware and will get two years of Android software updates in the country. In a recent interview, HTech's CEO Madhav Sheth discussed some of the company's ongoing and upcoming…

A week after confirming its subsidiary Audi will be co-developing EVs with SAIC Motor, Volkswagen Group is investing hundreds of millions of dollars in China’s XPeng Motors. Together, the automakers plan to jointly develop Volkswagen branded EVs for the Chinese market. The collaborations between legacy European automakers and young Chinese EV manufacturers continue to grow, especially this month. First, we covered rumors that Audi had been kicking the tires in China, so to speak, in search of a…

Amazon said on Friday it will invest $120 million to build a satellite construction facility at NASA's Kennedy Space Center, as part of its plans to launch a space internet service to rival SpaceX's Starlink.The company founded by Jeff Bezos says its "Project Kuiper" will provide "fast, affordable broadband to unserved and underserved communities around the world," with a constellation of more than 3,200 satellites in low Earth orbit (LEO). "We have an ambitious plan to begin Project Kuiper's full-scale production…

One of the world’s largest automotive suppliers is investing big bucks to expand its footprint in North America – a market in which it’s already #1. Today, Tennessee’s Governor announced Magna International will invest nearly $800 million dollars to become the first supplier and Ford’s new BlueOval City. Magna International is a globally recognized automotive contract manufacturer that currently reigns as the largest in North America and the fourth largest on the planet. Its success comes on the…

Bollywood actor Suniel Shetty on Saturday announced his investment in re-engineered tyre startup brand Regrip. "I am super excited about my association with Regrip. We're not just redefining the concept of re-cycled, safe, economical high quality tyres but also contributing to a greener future by reducing waste and maximizing the lifecycle of each tyre. By embracing innovation and sustainable practices, we can create a better world for generations to come," the actor said. Mahavir Pratap Sharma, the first investor in the…