Erich Nesselhauf, managing director and CEO, Daimler India Commercial Vehicle, the Indian arm of German auto company Daimler AG, said, "Currently, we have a capacity to produce 72,000 trucks a year at our Oragadam unit in Chennnai. The company is on course to achieve the break-even by the end of 2018....
India's InCore Semiconductors Preps RISC-V, AI Cores
Chennai, India-based InCore Semiconductors laid out plans for a family of RISC-V based cores as well as deep-learning accelerators and SoC design tools. The company was founded by members of the Shakti Research team at the Indian Institute of Technology Madras, to create commercial RISC-V solutions leveraging the Shakti Open...
Symantec Expands Security Operations Center in India
Mountain View, CA-headquartered cybersecurity company Symantec Corporation announced the expansion of its Security Operations Center (SOC) in Chennai, India. This expansion will enhance access to global threat intelligence, advanced analytics, and 24X7 monitoring services to support customers in India and globally. "Symantec continues to heavily invest in our global SOC...
Indium Corporation to Expand to India
Clinton NY-based Indium Corporation and Chennai, India headquartered MEL Systems and Services Limited (MELSS) have formed a strategic partnership to expand accessibility to Indium Corporation soldering materials throughout India. MELSS will sell all of Indium Corporation’s soldering materials, such as low-voiding solder paste and solder preforms for bottom termination components,...
Zara India Reports 70 Percent Rise in Profits
Driven by strong sales and lower price points, fashion retailer Zara's net profit went up more than 70 percent in India in 2017. Spain-based Inditex has two joint ventures with India's Tata Group’s retail arm Trent: one for Zara and the other for luxury label Massimo Dutti. The joint venture...
Vision Impact Institute Spreads Awareness on Driver Safety in India
Dallas, TX-based Vision Impact Institute is finalizing a study on commercial driver safety in India, global executive director, Kristan Gross said. "There will be 25 million commercial drivers by 2020 in India," Gross added, "and half have vision issues." According to preliminary results from a study conducted in 2017, in...