NEWS

For our visitors who seek the latest industry news and updates to keep up with the goings-on of the business on a global scale, this portal grants a dynamic and diverse feed of news items contemporaneous with the current affairs of the Automotive Industry.

news

Bharti Airtel completed sale of 11.32 per cent stake in its mobile tower arm Bharti Infratel to its wholly-owned subsidiary Nettle Infrastructure for Rs 6,806 crore, the telecom operator said today. "The company has today completed an inter-se transfer of 11.32 per cent stake (2,09,416,643 shares) in Bharti Infratel to…

news

SYNNEX Corporation, a leading Technology Solutions distributor, announced today that it has bolstered its comprehensive networking offerings by adding the Brocade Ruckus ICX campus switches. The expanded capabilities are available through SYNNEX's CONVERGESolv Advanced Technologies support platform, created to help resellers advance technologies that support third-platform infrastructures and deployment. The…

news

AT&T1 has upgraded its wireless network within Virginia with nearly 1,200 enhancements during 2016. The completed improvements include adding greater capacity and speeds to cell towers across the state. "Our Virginia employees are focused on bringing a better mobile experience across the state. Our investment in the local wireless network…

news

Silex Technology America, Inc., a global leader in wired and wireless networking solutions, today introduced the BR-310AC and the DS-520AN respectively. The BR-310AC is a wireless bridge which enables any Ethernet device to become an 802.11a/b/g/n/ac wireless network device, giving the freedom to place it anywhere in your facility. The…

news

The government on Friday said it has given Japan's NTT Communications Corporation the go-ahead to increase its stake in data centre company Netmagic Solutions to 100 per cent, from 81.63 per cent, through investment of Rs 533.83 crore. The Foreign Investment Promotion Board (FIPB) had earlier given the nod at…

news

Vodafone has received Foreign Investment Promotion Board (FIPB) approval for the acquisition of YOU Broadband India. Vodafone India had sought an approval for acquisition of 100% shares of You Broa­dband India Limited by way of transfer from resident shareholders and non-resident shareholder. You Broadband's facto proposal has also been accepted…

news

While Apple's retail team is currently remodelling all its stores, the company expanded its reach with three new stores in China, Germany and the US. More than 350 store employees at the new stores in Nanjing (China), Cologne (Germany) and Miami (US) welcomed thousands of customers at the grand openings.…

news

Cable TV services provider Den Networks today said it has received shareholders' nod to demerge its broadband/internet service provider arm Skynet Cable Network. The company had convened a meeting of its shareholders on March 11 folllowing the orders of the National Company Law Tribunal for this purpose. "The scheme of…

news

Telecom Italia said on Thursday it swung to a net profit of 1.8 billion euros ($1.9 billion) in 2016 from a net loss of 70 million euros the previous year, when it was hit by one-off items. The company, which is 24 percent controlled by French media group Vivendi, said…

news

SIAE MICROELETTRONICA, a leading supplier and innovator of licensed microwave and millimeter-wave solutions announced today its successful completion of IP/MPLS interoperability testing and participation in interoperability showcase organized by EANTC this week at MPLS + SDN + NFV World Congress in Paris, France.  As part of the EANTC interoperability tests…