Global Spending on RPA Software to Reach $680 Mn in 2018: Gartner

It is estimated that 60 per cent of the organisations having revenues of over $1 billion will deploy RPA tools by this year end Spending on robotic process automation (RPA) software globally is projected to reach US$ 680 million in...

Everlight Introduces Smart Automotive and Infrared Products

The combination of smart control, CCD, control module, fisheye lens and guide prism in special arrangement make the headlamp more accurate on lighting and identification Everlight Electronics Co Ltd, a global leader in LED and optoelectronics, has introduced a latest...

Infineon Acquires Siltectra In 124 Million Euro Deal

Siltectra’s Cold Split technology will be used by Infineon to split silicon carbide (SiC) wafers, which helps in doubling the number of chips out of one wafer Infineon Technologies AG, a world leader in semiconductor solutions, has acquired start-up Siltectra...

Nokia Signs 2 Bn Euro Worth of Agreements with 3 Chinese Operators

As per agreements, Finnish multinational will deploy services and technologies to enhance the performance in mobile and fixed broadband networks across China Finnish telecommunication and consumer electronics company Nokia has entered into three different frame agreements with China Mobile, China...

Apple Halts Additional Production of Lower-Cost iPhone XR

Apple is asking for more of the older models - iPhone 8 and iPhone 8 Plus that are around 20% cheaper compared to the XR model’s introductory price of $749 American tech giant Apple Inc has asked its Taiwan-based phone assemblers...

Chinese Consumer Appliances Maker Midea to Invest Rs 1350 cr in Tech Park

Midea will manufacture commercial and residential air conditioners, washing machines, refrigerators, compressors and other electronic items, at the manufacturing unit Midea Group, China-based consumer appliances manufacturer, said that the company will be investing Rs 1,350 crore to set up a...

Smartphone Shipments Decline 3% in Q3, Reaches 386.8 Million

The top 10 smartphone players control 79 per cent of the market leaving more than 600 brands to compete for the rest 21 per cent of the market Global shipments of smartphone dropped 3% year-on-year to 386.8 million units in...

Tesla Plans ‘Partial Presence’ in Indian Market by 2019

The company is looking to establish ‘partial presence’ in India, South America and Africa, by next year end and to expand it further in 2020 American electric cars manufacturer, Tesla Inc, is planning to expand its overall market beyond the...

Argus Plans to Fully Acquire Consumer Electronics Start Up Tejovat Technologies

Argus plans to raise enough funds for acquiring control of all the shares of Tejovat that remain issued and outstanding as per the Purchase Agreement Argus Worldwide Corp, a global portfolio management company, reported on Friday that it is going...

Smartwatch Market Records 53% Growth in Q3: Counterpoint

The top five brands, which make up for around 69 per cent of the smartwatch shipments by volume in the July-September quarter dominated the market The shipments of smartwatch globally witnessed a growth of 53 per cent in the third...

LG Electronics Unveils New Premium Brand LG Objet

The products under the new brand LG Objet will not only function as electronics products but also for the purpose of home decor South Korean electronics major, LG Electronics Inc., on Thursday unveiled a new high-end brand - LG Objet,...

NEXT to Supply Fingerprint Sensors to Telpo for PoS Devices

Telpo will integrate the fingerprint modules of NEXT into its point-of-sale terminals that are meant for the Indian market NEXT Biometrics, a leading provider in fingerprint sensor technology, announced on Thursday that it has got an order from Chinese communications equipment...

E-Commerce Firms Account for 45-50% of Handsets Sale in India: ICEA

ICEA alleged that this comes at the cost of offline retail business as there is extensive predatory pricing by e-commerce companies Industry body India Cellular and Electronics Association (ICEA) said that last month, e-commerce firms have accounted for around 45-50...

Apple’s India Profit Jumps 140% in 2017-18 Fiscal

Apple’s total income stood at Rs 13,097.6 crore in the financial year 2018 as compared to Rs 11,704.3 crore in the last financial year American technology major Apple witnessed a jump of 140% in net profit from its India unit,...

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Haier Experience Center Opened in Delhi, Aims to be One Stop Shop

The company has conceptualized the Delhi located Haier Experience store around four important physical spaces – smart living room, smart kitchen, smart bathroom and...

Huawei Launches CloudLink Collaborative Telepresence Products

Huawei’s new-generation of CloudLink collaborative telepresence products feature collaboration, artificial intelligence (AI) and ultra-HD Huawei has launched a new series of CloudLink collaborative telepresence products,...

DMG MORI Acquires 30 Percent Stake in INTECH

DMG MORI’s acquisition of INTECH is aimed at boosting the company’s global presence in the manufacturing sector Japan-based machine tools manufacturer, DMG MORI has announced that...

Mahindra Launches its First Electric Auto – Mahindra Treo

Mahindra, alongside Treo, has kickstarted India’s first electric manufacturing hub in Bengaluru with about Rs. 100 crores investment Mahindra Treo has debuted in India and is...

Indian IT Budgets to Increase by 3.9% in 2019: Gartner

Disruptive emerging technologies are going to play a crucial role in reshaping business models as these can transform the economics of all the organisations Indian...