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WALLENBERG
Sweden's Wallenberg companies to launch joint AI companyThe company, Sferical AI, aims to boost the competitiveness of Swedish industry by offering computing power for AI in an integrated and sec...- Sweden's Wallenberg companies to launch joint AI companyAstraZeneca, Ericsson, Saab, SEB and Wallenberg Investments will jointly launch an artificial intelligence company to develop advanced AI i...
- China’s Midea is said to make takeover approach to ElectroluxMidea made a preliminary approach in recent weeks to the white-goods manufacturer about a potential deal, said the people, who asked not to...
- Ericsson investors threatening to sue company's CEO Borje Ekholm over suspected ISIS paymentsMoney was paid for transit lines in Iraq in areas controlled by extremist groups such as ISIS, according to Borje Ekholm, but Ericsson coul...
- Swedish Industry joins forces to support India during Covid-19 surgeAccording to Swedish Ambassador to India Klas Molin, “The second wave of Covid has hit hard and close to home, sparing no one. It is a huma...
- Stick with stocks of enduring brands for handsome returns through thick & thinFirms with enduring brands generally have a diversified portfolio, sell their products worldwide and generate consistent revenue and operat...
- Denmark's Tiger grows by mirroring Ikea's affordable kitschTiger entered New York in May, and the discount homeware chain is focusing expansion on North America and Asia-Pacific after adding 124 sto...
- Siberian survivor to secretive sadhu... Netaji mystery lives onAfter Bose had disappeared from Calcutta, a British war-time sabotage agency set up by PM Winston Churchill had been ordered to ‘eliminate’...
- Rolls-Royce looked to buy out Finland's WartsilaRolls-Royce made a takeover approach to Finnish ship and power plant engine maker Wartsila but the talks ended without a deal.
- Pipavav Defence & Mazagon Dock in a JV for submarines, warshipsIn April this year, Pipavav got the go-ahead from the Foreign Investment Promotion Board to build warships.
- Pipavav Q3 net profit at Rs 2.6 crorePipavav Shipyard Ltd on Friday reported a net profit of Rs 2.6 crore for the quarter ending December 31, 2010.
- Davos leaders cautiously optimistic on economyCautiously optimistic about the rebounding global economy, top business and government leaders have wrapped up their annual meeting with ca...
- Pipavav Shipyard signs MoU with Sweden's SAAB Dynamics'We are enthused to be chosen by SAAB Dynamics AB as their Indian co-production and strategic partner to tap the opportunities in the Army,...
- Pipavav Shipyard signs MoU with SAAB Dynamics; stock gainsShares of Pipavav Shipyard surged higher after the company signed memorandum of understanding with SAAB Dynamics, a part of Wallenberg Grou...
- There won’t be economic ArmageddonAs the scion of the one of the world’s most influential business families - that own more than 100 companies, such as ABB, Ericsson, Electr...
- Swedish co Koenigsegg to buy GM’s Saab by year-endKoenigsegg Automotive, the Swedish maker of $1.2-million sports cars, agreed to buy Saab Automobile from General Motors by the end of the y...
- Volkswagen takes control of ScaniaVolkswagen took control of Scania, buying the Wallenberg family stake in the Swedish truck company for 27 billion kronor ($4.37 billion) an...
- Volkswagen takes the driver’s seat at ScaniaVolkswagen took control of Scania, buying the Wallenberg family stake in the Swedish truck company for 27 billion kronor ($4.37 billion) an...
- Scania plans counterbid to fend off MANScania, the target of a hostile takeover bid by truck-maker MAN, urged its German competitor to withdraw the proposal and said a range of p...
- Scania does an Arcelor, pays extra dividend to fight MAN bidTruck maker Scania, fighting a E10.3bn ($12.9bn) bid from rival MAN, said on Monday it would be able pay an extra dividend of 35 crowns a s...
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