Finnish smart ring maker Oura has officially entered the Indian market, competing against local rivals such as Ultrahuman. Oura’s Ring 4 is priced between $313 and $432), with a $6 monthly membership. In the U.S., the device starts at $349 with a $5.99 subscription. Ultrahuman’s Ring Air costs $308, while...
Finland-based telecom company Nokia, announced a collaboration with the Indian Institute of Science (IISc) Bangalore to set up a Center of Excellence (CoE) in India. The CoE will facilitate research in networked robotics, and Nokia will fund it for three consecutive years to sustain the first phase of the partnership....
India's southern state of Tamil Nadu has signed understandings with a number of European and Chinese companies that are expected to create and support over 40,000 jobs in the state. Tamil Nadu is home to a vibrant automotive, auto parts and electronics sector. Daimler India Commercial Vehicle may be the...
According to the annual edition of the Global Innovation Index (GII), released on July 24, 2019, by the World Intellectual Property Organization, India improved its ranking by five places to 52nd from 57th position last year. The GII ranks 129 economies based on 80 indicators, ranging from intellectual property filing...
Manufacturer and integrator of turnkey robotic handling solutions, Cimcorp, will launch a new facility in Chennai, India, in June this year in response to the growing demand for automation in the Indian tire industry. Masatoshi Wakabayashi, CEO at Cimcorp, said, "The decision to expand our presence into India was a logical...
Noida, India-headquartered auto ancillary company, Motherson Sumi Systems will pay over $14 million to acquire Bombardier Transportation (Rolling Stock) U.K. Limited’s assets for producing and installing electrical components and systems for the rail industry. The deal also includes acquisition of Bombardier assets to manufacture wiring harnesses, panel and cabinet build,...
