New Delhi: Auto component major BorgWarner on Monday invested in CelLink Corporation, a company that develops large, high-conductance flexible circuits for the automotive and energy storage industries. This Series C equity investment complements BorgWarner’s technology investments as well as its Charging Forward electrification strategy. It was announced during the company’sContinue Reading

There have been several Tesla Autopilot-related crashes, currently under investigation by the US NHTSA. San Francisco: The US National Highway Traffic Safety Administration (NHTSA) has opened an investigation into Tesla’s Autopilot software, to assess the technologies and methods used to monitor, assist and enforce the driver’s engagement with the dynamicContinue Reading

Chennai: Setting up of parks for manufacture of defence components/international furniture/electronic vehicle/medical devices/leather products/food products, establishing a Fintech City and coming out with a new “Life Sciences – Research and Development and Manufacturing Policy” are on the cards of Tamil Nadu government. Presenting the budget for 2021-22 Finance Minister PalanivelContinue Reading

The Competition Commission of India (CCI) has approved acquisition of shares by MacRitchie Investments (Temasek), Fort Canning Investments, Plum Wood Investment Limited (Plum Wood) and certain voting rights by Bhavish Aggarwal in ANI Technologies, according to two releases issued on Friday. New Delhi: Competition Commission has given its nod forContinue Reading

“The framework will augur greater investments and significantly prune the raw material cost and will support refurbishment of sheet metal recycling,” Renault India Operations Country CEO and Managing Director Venkatram Mamillapalle said in a statement. New Delhi: French carmaker Renault on Friday said the launch of the vehicle scrappage policyContinue Reading

New Delhi: Industrial production surged by 13.6 per cent in June mainly due to a low-base effect and good performance by manufacturing, mining and power sectors but the output remained below the pre-pandemic level. The manufacturing sector, which constitutes 77.63 per cent of the Index of Industrial Production (IIP), grewContinue Reading