Page 6 - Research And Development

Biz2Credit plans to invest $100 million in India over next 5 years

Fintech firm Biz2Credit plans to invest USD 100 million in India over the next 5 years on research and development as well as expanding operations. The company is also planning to strengthen its technology team by adding over 150 new employees in 2021 across various positions, including entry, mid- and senior-level positions. "We are delighted to see such massive growth in our business in India, this gives us the hope to further invest in Indian operations. Despite the uncertainties that two waves of the coronavirus pandemic unleashed, we have clocked a massive growth in the revenue with 15-plus new client wins and eyeing a greater leap in the next 10-12 months," Biz2Credit CEO and co-founder Rohit Arora said in a statement. Founded in 2007, Biz2Credit is backed by Nexus Venture Partners. In 2019, the online lending platform completed a Series B capital financing round of USD 52 million led by WestBridge Capital. "The investment will be spent mainly in R&D, operations, and ...

Foxconn's Bharat FIH opens research, development centre in Chennai

Electronic manufacturing services firm Foxconn's subsidiary Bharat FIH, formerly known as Rising Stars Mobile India, has opened a research and development centre at the IIT Madras Research Park in Chennai, the company said on Tuesday. It will be among the first R&D centres in India to design end-to-end 5G devices and will offer end-to-end services to customers, including product design, tooling and moulding, global sourcing and manufacturing services for smartphones and other products and services in the electronics segment. Bharat FIH makes devices for Xiaomi and Nokia. Bharat FIH Country Head and Managing Director Josh Foulger said there is a clear market need for innovative technologies and products with quick turnaround times in the ever-changing electronics segment. "Our India R&D will capitalise on our manufacturing strengths and collaborate with our global teams under the Foxconn Technology Group in product design, cost optimisation, customer experience, sourcing, ...

UK-India joint research and innovation funding led to 258 projects: Report

The UK-India research and innovation relationship has resulted in 258 projects with a joint investment of around 330 million pounds, UK Research and Innovation (UKRI) India said in a new report

Industry body Nasscom seeks govt help for super innovation units

Of the 500-600 companies present in the Indian ER&D space, 45-50% are engineering service providers, and 55-60% are MNCs and global contact centres

Jindal Stainless Hisar ties up with MNIT Jaipur for product R&D

Jindal Stainless (Hisar) Ltd has signed a pact with Jaipur-based Malaviya National Institute of Technology (MNIT) to conduct product research and development in the iron and steel industry

Alembic Pharma posts 45% dip in Q1 net at Rs 165 cr amid price erosion

Firm's consolidated revenues from operations also fell marginally to Rs 1,326 cr in Q1FY22, from Rs 1,341 crore a year ago

India R&D team plays a key role in development of OnePlus 5G phone

The OnePlus smartphone portfolio will continue to be 'Made in India' including flagship and Nord series, which also includes the upcoming OnePlus Nord 2, says OnePlus India

'We maintain a double-digit growth outlook,' says HCL Tech CEO

HCL Technologies to focus on its Mode-2 and Mode-3 offerings, demand remains robust

BPCL's R&D centre bags 80 patents in 20 years; over 50 more pending

State-owned Bharat Petroleum Corporation Ltd (BPCL) has bagged as many as 80 national and international patents in the past two decades, and approvals for 53 more filings are pending, for various innovations including the world's cheapest and the fastest crude oil assaying tool BP Marrk. Its research and development (R&D) centre, located at a 68-acre sprawling campus at Greater Noida in Uttar Pradesh, has won 18 patents in the past 12 months alone. BPCL has an annual budget of Rs 80-100 crore for R&D. "Over the past two decades, we have won as many as 80 patents, and 53 more are pending for approvals. Between July last year and now, we have secured 18 patents," Arun Kumar Singh, director (refineries and marketing) at BPCL, told PTI on Sunday. One of the most notable patented innovations of the centre is BPMarrk, which is an intelligent tool for advanced assaying of crude oil that characterises and evaluates the crude at a fraction of the time taken by traditional assaying ...

US House passes bill to boost science research competitiveness with China

The US House of Representatives on Monday passed legislation that would boost scientific research in an effort to make the US more competitive than China.

India's eng, research & development market to reach $63 bn by 2025: Nasscom

India's share in the global engineering and research and development (ER&D) market is expected to grow at a compound annual growth rate (CAGR) of 12-13 per cent to reach USD 63 billion by 2025, according to industry body Nasscom. Speaking at the Nasscom Engineering R&D Showcase 2021 event, Nasscom President Debjani Ghosh noted that the pandemic has altered the way consumers behave, interact with companies, and how businesses interact. Contactless technologies, analytics, software-led systems are changing how products are designed, redesigned, engineered, and consumed, she added. "...this represents a very unique opportunity for the ER&D companies in India that are primarily focusing on product design and innovation to partner with global enterprises and engineer the future, global megatrends like sustainability, create even more opportunities for product redesign and innovation and that is going to be tremendously important for the future of this industry," Ghosh said. She

US Senate eyes R&D Bill to counter China and bolster manufacturing

What started as a pragmatic effort to boost scientific research and development has morphed into a sweeping Senate Bill aimed at making the US more competitive with China and other countries

China's scientific muscle

Its technological advancement will have global implications

Gave some aid for clinical trials of covid vaccines, not R&D: Centre to SC

The Centre has informed the Supreme Court that no governmental aid, assistance or grant was made either for research or development of Covid-19 vaccines - Covaxin and Covishield

Bharat Biotech's Krishna Ella wants maximum price for its vaccine

Says the company would like to recover the costs incurred in clinical trials, and other things and reinvest the money into R&D to be ready for future pandemics

Karnataka govt, Nasscom launch ER&D policy to foster innovation in state

50% rent reimbursement, recruitment assistance and investmengt subsidy on anvil for MNCs looking to establish new R&D facilities or expand existing ones

Research spends have been under pressure as listed companies go slow

Many record zero spending for the latest financial year

FM stresses on more investments in biotech, pharma R&D ahead of budget

Says India has capacity to produce Covid vaccines for itself and other countries

Cut import dependence for special grade steel, boost R&D: Govt to industry

The government on Thursday stressed the need to cut import dependence for special grade steel, exhorting the domestic players to go for research and development activities and take required measures to make India self-reliant in value-added steel production. Union Minister of State for Steel Faggan Singh Kulaste, while speaking at a Ficcci event, said though the country is the second largest producer of crude steel in the world, it is purely dependent on imports for special grade steel. Value added steel or special grade steel is used in segments like power, ship, rail, metro, defence, auto etc. Kulaste asked steel makers to identify those grades of steel which are not manufactured in the country and are widely used and develop them in India. He said the industry players can conduct research and development (R&D) activities, go for transfer of technology or form Joint Venture to set up special grade steel plants in the country. This will help India become 'Aatmanirbhar' in ...

Capgemini to provide app development services to Daimler's R&D facility

Bengaluru-based Mercedes-Benz Research and Development India (MBRDI) has selected Capgemini to provide application development and maintenance services, a release said on Wednesday. Under the terms, Capgemini will enable application development and maintenance across all the client's application clusters, including generic, testing and niche technologies, Capegemini said in the release. MBRDI is the largest R&D facility of Daimler outside Germany. The contract was awarded as part of a vendor consolidation exercise in which Capgemini was selected as one of the major partners in the multi-vendor deal for application services, technology and delivery capabilities in business transformation, the release said. "We are delighted to be a lead partner in the digital transformation journey of the captive unit, to transform their (MBRDI) current IT into valuable assets aligned to the business objectives of their headquarters," said Ashwin Yardi, CEO of Capgemini, India and member of the ...