Tag Archives: Business

Microsoft to Trim cellphone business, Plans to cut 1,850 Jobs

Microsoft Corp said on Wednesday it’ll trim down its telephone enterprise via cutting 1,850 jobs, most of them in Finland, and write down $950 million (roughly Rs. 6,403 crores) from the operation. america employer, which entered the smartphone business in 2014 via buying Finnish firm Nokia’s handset unit, stated it would “streamline” its telephone business and near down its studies ... Read More »

Sony to accumulate AI as Key business Pillar, Invests in US Startup

Japan’s Sony Corp stated it plans to accumulate its synthetic intelligence (AI) enterprise and eventually turn it into a main revenue supply, beginning with an investment in a US startup. The electronics maker has invested an undisclosed sum in California-based Cogitai. The year-antique company, founded by 3 researchers, specializes in era that permits machines to examine usually and autonomously from ... Read More »

Toyota’s Used Car Business Expands its Reach to 56 Markets in 19 States

Toyota Kirloskar Motor (TKM), the Indian subsidiary of the leading Japanese carmaker, has announced the expansion of its used car business – Toyota U-Trust – to 56 markets in 19 states of the country. “With this expansion, TKM aims to cater to a wider audience and offer the used car buyer and sellers an experience at part with new car ... Read More »

Minda Zooms Over 18% as Company Buys Lighting Business of Spain’s Rinder

Mumbai: Shares of auto components maker Minda Industries soared by over 18 per cent today as the company acquired Spain-based Rinder Group’s global automotive lighting business for 20 million euros (over Rs. 145 crore). The stock zoomed 18.44 per cent to Rs. 998.75 on BSE. At NSE, shares of the company spurted by 17.71 per cent to Rs. 992. The ... Read More »

Minda Industries Buys Lighting Business of Spain’s Rinder Group

New Delhi: Auto components manufacturer Minda Industries has acquired Spain-based Rinder Group’s global automotive lighting business for 20 million euros (over Rs 145 crore). The acquisition includes 100 per cent equity holding in Rinder India, Spain-based Light Systems and Technical Center, along with 50 per cent stake in Rinder Riducu, Colombia. “This acquisition will give us immense advantage technology wise ... Read More »

Nokia CEO Says ‘Not in a Hurry’ to Get Back Into Smartphone Business

Nokia, which sold its mobile and devices divisions to Microsoft in 2014, has on several occasions confirmed it intends to get back into the smartphone business. Now, the company says it will not be hasty with its re-entry. Finland’s biggest company on the sidelines of its talk about the adoption of 5G network ahead of Mobile World Congress also addressed ... Read More »