Mahindra & Mahindra Ltd on Wednesday said it will increase its stake in Carnot Technologies Pvt Ltd to 52.69 per cent with an investment of around Rs 14 crore. M&M currently holds 15.60 per cent of the equity share capital of Carnot Technologies, which provides products and services related to internet connected devices for monitoring performance of vehicles and equipment, the company said in a regulatory filing. The company will make a primary infusion of approximately Rs 2.5 crore for subscription of 1,613 Series C CCCPS (cumulative compulsorily convertible preference shares) of Carnot of Rs 100 each at a premium of Rs 15,391.65 per CCCPS. Further, it will have a secondary purchase for approximately Rs 11.5 crore of 7,423 equity shares of Rs 10 each at a premium of Rs 15,481.65 per equity share, the filing added. On the reasons for the acquisition, M&M said, "Carnot is expected to support the company's strategy by developing information technology solutions for its ...
'The number of start-ups is growing significantly in the country with ten per cent being added every year'
Riding on strong performance in its chipset and licensing business, chip-maker Qualcomm has reported a record revenue of $10.7 billion in its December quarter of 2021.
Why is TCS' share in m-cap of listed Tata firms declining so rapidly? Why does WGC's Somasundaram PR think 2022 will be a great year for gold? What is IoT and how does it work? Get all answers here
The connected ecosystem is propelled by what is called the 'Internet of Things', commonly called IoT. But what is the Internet of Things and how does it work? Let's find the answers
The Jal Jeevan Mission has adopted technology based on the Internet of Things to provide safe tap water to every rural household by 2024
75F, which designs and manufactures IoT-based Building Management System, on Friday said it has raised USD 5 million from Siemens AG, bringing total 'Series A' funding to USD 28 million.
The trucks that move produce from farms to slaughter houses and retail stores have IoT-enabled trackers that track the produce and periodically send temperature data
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The ecosystem for digital manufacturing in India isn't yet as complex as it is in the West or China but is developing breadth and depth
Vi Business, the enterprise arm of Vodafone Idea Ltd , has launched 'Integrated IoT Solutions' for enterprises
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Hari Balakrishnan of MIT has been working on inferring bad driving behaviour using sensor data from phones and other IoT devices in vehicles to help reduce thousands of road crashes each year
Agro-chemical firm UPL Ltd on Wednesday announced a strategic collaboration with US-based internet of things (IoT) innovator TeleSense to revolutionise post-harvest grain storage and transport.
Samsung has unveiled an updated programme to recycle old mobile devices at home with Internet of Things technology as part of the South Korean tech titan's vision for a sustainable future
SoftBank-owned UK chip maker Arm has partnered with Microsoft to create Azure-based tools to enable developers transfer data from Arm-based Internet of Things (IoT) devices to Azure Cloud
India has been a late convert in telecom technology
Artificial intelligence, machine learning, Internet of Things are accelerating growth of storage and processing of data, says Sunil Gupta
Researchers have developed an Internet of things device for soap dispensers which can apparently ensure people wash their hands properly for over 20 seconds, in line with WHO guidelines for Covid-19