Industry News

  • Adobe acquires Magento to go B2B2C for USD 1.65 Billion

    Adobe reported that it has gone into an agreement to acquire Magento Commerce, a market-leading e-commerce platform, for $1.68 billion. The expansion of the Magento Commerce Cloud will empower business to be consistently incorporated into the Adobe Experience Cloud, conveying a single stage that se

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  • T-Mobile, Sprint agree on USD 26 Billion Merger

    T-Mobile and Sprint Corp have recently agreed on a USD 26 Billion all-stock deal. The merger between the third and the fourth largest telecom giants is expected to give US tech lead over China in terms of 5G Network preparedness.

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  • Mahindra Electric ties up with Meru for e-vehicle project

    Mahindra Electric and Meru have recently announced an alliance for a pilot Electric Vehicle project in Hyderabad. Meru will deploy a fleet of eVeritos, an all-electric sedan by Mahindra which will be available for booking by Meru App and Meru Zone at the Hyderabad Airport.

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  • Volvo to locally assemble hybrid vehicles in India

    Volvo is planning to assemble hybrid vehicles in India to get ahead in the luxury car segment to emerge leaders when the emission standards get strict in the country. The company has set a target of selling a million electric vehicles by 2025 and India is expected to be a key contributor.

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