Spotify Technology SA, the Swedish paid music streaming service, reached over one million users -- both premium and free tiers -- within a week of launching its services in the country. Its pricing in India is far below what the company is charging consumers elsewhere: the premium service will be...
Ericsson to Increase AI Investments in India, Ramp Up Hiring
Swedish telecom gear maker Ericsson will increase its investment in Artificial Intelligence (AI) in India, Sweden, and the U.S. to enhance its managed service business. "It is super important for us that we increase AI investments and we are doubling down on India, Sweden, and Silicon Valley," said Peter Laurin,...
Saab Expands Ties with India's Aerospace Companies
A subsidiary of Saab AB, Sweden, Saab India Technologies Private Limited signed new Memorandums of Understanding (MoUs) with three Bangalore-bassed aerospace manufacturers: Dynamatic Technologies Limited, CIM Tools Private Limited, and Sansera Engineering Limited. The MoUs with CIM Tools and Sansera Engineering expand Saab's existing working relationships on commercial aerostructures for the...
Spotify to Launch in India this month
Swedish online music streaming service Spotify will soon launch its service in India. The company accidentally confirmed an India launch date of 31st January on its Terms & Conditions page for India. pic.twitter.com/uMFGByhuKf The company has reached a deal with India’s largest music label, T-Series, allowing Spotify subscribers to access...
A Bollywood Music Label to Occupy Top Spot on YouTube
The Bollywood music label T-Series is set to dethrone the king of YouTube, Sweden's Felix Kjellberg or "PewDiePie" who has had more subscribers than any other channel on the video streaming platform since 2013. T-Series, India's biggest music company, is on track to take the top spot according to new...
Ikea Expands Footprint in India
Swedish furniture and home furnishing retailer Ikea inaugurated its first store in India on August 9 in the southern city of Hyderabad and will soon have two more. The 400,000 square foot facility in Hyderabad has the biggest Ikea restaurant anywhere in the world, with seating for 1,000 people. In India,...