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AI data center boom risks roiling global carmaker supply chainsThe auto industry faces a new supply chain threat from the AI data center boom, which is driving up memory chip prices and potentially impa...- Tamil Nadu CM MK Stalin explores investment opportunities in AI with BNY MellonTamil Nadu Chief Minister MK Stalin's visit to the US has resulted in significant investment opportunities. Discussions with BNY Mellon foc...
- Tamil Nadu CM MK Stalin signs MoUs for Rs 850 crores with Lincoln Electric, Vishay Precision, VisteonTamil Nadu Chief Minister MK Stalin announced that the state has secured MoUs worth Rs 850 crores with US-based companies Lincoln Electric,...
- Deeptech startup Myelin Foundry raises $4 million led by Sidbi Venture CapitalMyelin Foundry secured $4 million with participation from existing investors. The funds will fuel platform development, global expansion, a...
- Deeptech startup Myelin Foundry raises $3 million in fundingFounded in 2019 by former Tata Sons group chief technology officer Gopichand Katragadda and former Tata Group employees Ganesh Suryanarayan...
- Software Technology Parks of India sets up CoE for automotive technologies in PuneThe newly opened Centre of Excellence (CoE) will collaborate for virtual simulation in upcoming technology areas to improve performance, re...
- Blackstone to acquire $300 million stake in Sona BLW, to merge it with ComstarBlackstone is in advance talks to acquire a stake in Indian auto parts maker Sona BLW Precision Forgings.
- Growing LED market, right price make Varroc Engineering a good buyThe company has 36 plants across the world, of which 25 are in India.
- BlackBerry, Jaguar Land Rover ink pact for next-generation vehiclesAs part of the agreement, BlackBerry will license its QNX and Certicom technology to JLR, as well as assign a team of engineers to support ...
- Visteon to acquire AllGo, deal valued at upto $30 millionAllGo Embedded Systems sells solutions to carmakers across the world, giving them software to be able to play songs, videos and other multi...
- Tata Opportunities Fund acquires 15% stake in Varroc GroupVarroc, India’s third largest auto components maker, will use the funds to expand its capacity and partly pay off its outstanding debt.
- Varroc to acquire US-based Visteon Lighting for USD 75-100 mnVarroc Group today announced signing of a deal with US-based Visteon Corporation to acquire the latter's global lighting business for USD 7...
- US companies to step up investment in TNThe US companies have retained their focus on Tamil Nadu and are recruiting more people as part of their expansion plans.
- Stocks to watch: Amtek Auto, Reliance Infra, DLF, JP Associates, ITC, Sesa Goa, Opto CircuitsNew York's main futures contract, light sweet crude for delivery in July, gained to $71.46 per barrel. Brent North Sea crude for August del...
- US auto parts suppliers seek govt loansUS car parts suppliers plan to ask President Barack Obama's auto task force this week for $8 bn to $10 bn in loan guarantees, after negotia...
- Ford agrees to sale of driveshaft business to Chinese groupFord Motor Co. says it is selling a operation that makes vehicle driveshafts to China's Wanxiang Group.
- Magna plans 50:50 JV with powertrain maker hereCanda-based auto parts maker Magna International, is planning a 50:50 joint venture with a domestic powertrain manufacturer.
- Dow Chemicals to set up 'design lab'Dow Chemicals acquires 2 lakh sq ft area on lease in Chennai to set up engineering and design centre.
- Centre approves 33 FDI proposals worth Rs 53crThe government cleared 33 foreign direct investment (FDI) proposals worth Rs 53 crore on Thursday, including a Rs 33.7 crore proposal of Ge...
- Govt clears Rs 53-cr worth FDI proposalsThe government on Thursday cleared 33 foreign direct investment (FDI) proposals to the tune of Rs 53 crore.
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