Friday, November, 15, 2019 03:46:39

Category: Headlines

Ford and Mahindra announce a new joint venture to develop new cars

The automobile industry is one of the most important business sectors across the globe. India’s automotive industry has become one of the leading destinations for investments due to rapid growth and development in the region. Currently, international automakers are partnering with Indian car manufacturers for …

Malaysia’s competition watchdog fines Grab for abusive practices

Competition law and policy play a vital role in the process of privatization and liberalization in the business market as it serves as an indispensable tool in ensuring the competitiveness between companies. In Malaysia, the Malaysia Competition Commission (MyCC) is responsible for competitive activities. Recently, …

Tesla buys AI startup DeepScale to boost Autopilot system efforts

American automotive and energy giant Tesla has reportedly acquired AI and computer vision startup DeepScale to boost its Autopilot driver assistance system efforts. The automaker also evidently intends to realize CEO Elon Musk’s vision to transform its EVs into robotaxis and build a driverless platform …

Ericsson to make 12 billion SEK provision for US bribery probe

The Foreign Corrupt Practices Act (FCPA), since 1977, has restricted the US entities and individuals to transfer payments to the foreign government authorities for sealing or continuing a deal. The Securities and Exchange Commission is collectively working with the Department of Justice to impose the …

Colorcon launches $50 million VC fund to back pharma startups

Startups in the pharmaceutical industry are constantly trying to develop new services and products. Virtually every startup is constrained due to limited funding, whether it be for product development, office space, marketing, inventory or other expenses. However, numerous organizations in the world are now seen …