Banaglore-based Orb Energy, a vertically integrated provider of solar energy solutions in India, received a $20 million follow-on loan from United States International Development Finance Corporation. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today and is an agency of...
Medtronic Provide Ear Screening for UberDrivers in India
Medtronic Labs launched an ear-screening initiative for drivers on the Uber platform across India, starting with Bangalore followed by Hyderabad and Pune before scaling to other cities. The initial screening, which takes less than 2 minutes, will be conducted using a custom-designed otoscope designed by Medtronic. AK Agarwal, president, Society...
Stellantis Expands Digital Hub in India
Amsterdam headquartered automaker Stellantis inaugurated its second software center in Bangalore, India. Its first global digital hub in India is in Hyderabad. Spread across 50,000 sq.ft, the facility will serve as the main development center for the SmartCockpit Technology Platform that will focus on digitally integrating vehicles and drivers. The hub,...
Boeing expands India Outsourcing
With the aim of hiring employees for roles in engineering, manufacturing, and product development, plane maker Boeing said that it will cut 150 finance jobs in the U.S., with more to come next year, to simplify its corporate structure. The company informed the nonunion corporate staff in an all-hands virtual...
6 Cities of India in Top Tech Hubs List across APAC
According to a report by Chicago, IL headquartered real estate services Cushman and Wakefield, globally, 46 top tech markets were identified from more than 115 tech cities in total. While Beijing leads the list, six of the 14 cities in the Asia Pacific region, based on the key evaluation metrics...
India May Produce 250 Unicorns by 2025
According to a latest report from Bangalore-based investment fund Iron Pillar, a growth capital investor specializing in mid-stage technology companies that are "Built from India for the World," by 2025, India is expected to have more than 250 unicorns or privately held startups with a $1 billion valuation or above....