Vedanta to set up semiconductor plant with Foxconn within two years: ChairmanAccording to the memorandum of understanding earlier signed between the two companies, Vedanta will hold the majority equity in the JV, while Foxconn will be the minority shareholder. Vedanta's chairman will be the chairman of the joint venture. Discussions are currently ongoing with a few state governments to finalise the location of the plant, the company had earlier said.
Bharat Petroleum ties up with Microsoft for cloud-based digitisationBPCL is digitally transforming its backend operations, enabling IoT-powered supply chains with Microsoft Azure. BPCL’s Digital Nerve Center, IRIS, will remotely monitor thousands of sensors, integrating 19,000 fuel stations, retail terminals, bottling plants, consumer pumps, RDI (railway diesel installations) and VTS (vehicle tracking) systems to make BPCL’s entire supply chain tamper-proof for delivering 100% quality.
HCL Technologies, Microsoft expand cybersecurity partnershipAdditionally, HCL Technologies announced it has joined Microsoft Intelligent Security Association, an ecosystem of independent software vendors and managed security service providers who have integrated their solutions to better defend against a world of increasing threats.
IBM keen on working with Karnataka government on cyber security, AIA high-level delegation of IBM officials on Tuesday met C. N. Ashwathnarayan, Minister for IT-BT, Science and Technology at the Vikasa Soudha in Bengaluru and evinced interest in sharing knowledge with the government of Karnataka in the areas of cyber security and artificial intelligence (AI).
Fitbit gets US approval for its heart rhythm monitoring technologyAFib detection has turned out to be a crucial feature amongst health-focused wearables. A Google blog post says that irregular heartbeats can increase the risk of stroke by around 5 times and almost 33.5 million people across the world suffer from it. Apple Watch too boasts this feature. However, do note that these wearables won’t replace official medical tests, but they can act as an early warning system.
Nokia to pull out of the Russian marketTelecoms equipment maker Nokia is pulling out of the Russian market, its CEO told Reuters, going a step further than rival Ericsson, which said on Monday it was indefinitely suspending its business in the country.
Honda plans to roll out 30 EV models by 2030, to spend $64 billionThe targets, laid out at a company presentation on Tuesday, mark a push by the automaker to ramp up in the fast-growing market for electric vehicles, where Japanese car makers have risked falling behind new entrants such as Tesla Inc, as well as traditional European and U.S. rivals.