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Infosys has established a new development center in Gift City, designed to accommodate 1,000 employees. This expansion reflects the company's commitment to enhancing its operational capabilities and contributing to the growth of the region's tech ecosystem.
Saudi Arabia's Port of NEOM has installed its first fully automated, remote-controlled cranes at its Red Sea port, aiming for a 2026 launch. This development is part of a $500 billion project to create a global logistics hub, enhancing trade and industrial capabilities while supporting Vision 2030. The port is also investing in local talent, training Saudi workers, including women, for high-tech roles in logistics.
Yageo plans to implement strict controls to safeguard technology if its acquisition of Japan's Shibaura Electronics succeeds, addressing national security concerns. The Taiwanese firm, which specializes in chip resistors, is in a bidding war with Minebea Mitsumi, having raised its offer to 6,200 yen per share. Yageo aims to enhance its product portfolio and expand Shibaura's market access while ensuring compliance with Japan's Ministry of Economy, Trade and Industry.
EasyMyTrip has introduced 'EMT Invest', a new initiative aimed at supporting profitable businesses to scale their operations. This move reflects the company's commitment to fostering growth and innovation within the entrepreneurial landscape.
China's leadership has taken control of TikTok Shop in the United States as the platform struggles to meet its sales targets. This shift in management comes amid ongoing challenges in achieving desired revenue goals in the competitive e-commerce landscape.
Ecom Express has entered a distress deal with Delhivery, resulting in significant losses for minority shareholders. This development raises concerns about the implications for investor confidence and the overall financial health of the company.
Wipro Consumer Care has made a strategic move into the pet food market by investing in Goofy Tails. This investment marks a significant expansion for Wipro into the growing pet care sector, highlighting their commitment to diversifying their product offerings.
Lenskart has transitioned to a public company as it gears up for a $1 billion initial public offering (IPO). This strategic move marks a significant milestone for the eyewear retailer, positioning it for growth in the competitive market.
Amazon has decided to freeze its retail hiring budget for 2025 as part of ongoing job cuts. This move reflects the company's efforts to streamline operations amid a challenging economic environment. The decision signals a significant shift in Amazon's workforce strategy moving forward.
Tesla shares rebounded nearly 4% after a significant drop that erased $152 billion in market value, triggered by a public dispute between CEO Elon Musk and President Trump over a proposed tax bill affecting EV incentives. Musk's opposition to the elimination of the $7,500 tax credit reflects Tesla's declining financial health, with a reported 71% drop in net income in Q1 2025. The company has invested heavily in lobbying to preserve this incentive, highlighting its growing reliance on government support amid increasing competition and regulatory challenges.
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Infosys establishes development center in Gift City for 1000 employees
16:18 07.06.2025
neom port installs first automated cranes ahead of 2026 launch
14:54 07.06.2025
yageo pledges technology protection amid shibaura acquisition bid
Minebea Mitsumi Inc.
Nvidia Corporation
Apple Inc.
TWN
JPN
Pierre Chen
Shigeru Ishiba
Shinichi Uchida
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14:07 07.06.2025
EasyMyTrip introduces EMT Invest to support scalable profitable businesses
13:50 07.06.2025
China leaders assume control of TikTok Shop in US amid sales shortfall
13:49 07.06.2025
Ecom Express Delhivery deal results in losses for minority shareholders
13:35 07.06.2025
Wipro Consumer Care invests in Goofy Tails to enter pet food market
12:48 07.06.2025
Lenskart transitions to public company ahead of one billion dollar IPO
11:58 07.06.2025
Amazon halts retail hiring budget for 2025 amid ongoing job cuts
09:08 07.06.2025
Tesla stock rebounds as market value drops amid political tensions
07:32 07.06.2025
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