This is likely to be a huge opportunity for private players, including MNCs, to help modernise Israel’s infrastructure. In a significant development, Israeli Prime Minister Benjamin Netanyahu has disclosed at the start of Israel’s weekly cabinet meeting, that he would soon unveil a multi-year infrastructure spending plan worth more than $28 billion The planned projects…
Samsung is part of a huge conglomerate that manufactures a wide range of products starting from car audio, connected-car technologies, washing machines, smartphones, to heavy machinery. On Thursday, in a significant development, Samsung Electronics Co Ltd disclosed that it has received a permit to test self-driving vehicles in California. The news marks the entry of…
With the growing global trend of a cashless economy, the payments processing business has seen a a flurry of M&A. The Financial Times has reported citing sources close to the discussion that Hellman & Friedman, a U.S. private equity firm, is the front runner in the race to acquire Nets, Scandinavia’s largest payments processor. The…
Although Siemens entry into the self-driving vehicle industry has been as recent as early this year, it has been quick to consolidate its position. In a significant development, German industrial giant Siemens has agreed to acquire Tass International, a company which specializes in developing self-driving software, for an undisclosed sum. The move will its automotive…
With the explosion of interest in self-driving technology, carmakers are scrambling to corner market share. As per a senior executive from the company, Ford Motor Co is considering to deploy self-driving vehicle technology in larger commercial vehicles and is working with multiple partners to deploy this strategy on autonomous vehicles on the road. “We’ve been…
Faced with increased competition from its peers, BroadSoft has been under pressure from shareholders who are behaving like activists. According to sources familiar with the matter at hand, BroadSoft Inc, a U.S. software provider which helps companies with cloud-based communications services, is exploring its options, which includes its potential sale. The moves comes midst BroadSoft…
Fujifilm seeks to expand its base beyond its traditional photography business. Fujifilm Holdings Corp has disclosed, it aims to spend $4.54 billion (500 billion yen) in strategic acquisitions over the next three years, as it strives to seek growth outside of its photographic film business. The development is strategic since its photographic film business is…
Apple’s familiarity with its hardware and software is likely to give it an edge; in contrast the huge number of hardware and software Android runs on, is likely to be a major challenge for Google in delivering AR without special sensors. With Alphabet Inc’s Google and Apple unveiling tools to create augmented reality apps for…
The coming of age of door-to-door pizza delivery through autonomous self-driving vehicles. Domino’s Pizza and Ford Motor Co have disclosed that their colloboration in delivering pizzas through self-driving car technology is set to be tested in Michigan in September to test consumers’ reactions. Incidentally this is not the first time that companies have toyed with…
Priced at $299.95, the Ionic smartwatch has a host of features with its major selling points being battery charge of at least 4 days, 50 metres water resistant, sleep tracking and GPS. In a strategic step Fitbit Inc launched its newest device, the Ionic smartwatch which not only has fitness tracking but also contactless payment,…
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