The equity interest in BIAL owned by the Airports Authority of India (AAI) and Karnataka State Industrial and Infrastructure Development Corporation (KSIIDC) Limited remains unchanged at 13% each. | Photo Credit: BHAGYA PRAKASH K Fairfax India Holdings Corporation has entered into an agreement to acquire an additional 10% equity interest in Bangalore International Airport Limited … Read more
Brightline’s L.A. (it’s actually not L.A. but whatever) to Las Vegas high speed rail project is slowly moving forward. Officials are eyeing a 2028 completion date, but a corporate rivalry over who gets to be the first to build the high speed trains themselves might screw things up. 2025 Honda Civic Si Is The Budget … Read more
German industrial giant Siemens said Thursday its quarterly profits jumped sharply, driven by demand for production software as well as the “boom” in artificial intelligence and customers upgrading power grids. Net profit was 1.98 billion euros ($2.2 billion) from April to June — up about 50 percent from a year earlier and higher than analyst … Read more
A leading Chinese chip design software start-up is slashing as much as half of its workforce, casting a shadow over Beijing’s efforts to achieve tech self-sufficiency, according to three people familiar with the matter. X-Epic, established in 2020 with a mission to develop indigenous electronic design automation (EDA) tools to break the monopoly of US … Read more
Stocks To Watch On June 11: Indian markets may continue to consolidate on Tuesday amid lack of decisive triggers. At 7:43 AM, GIFT Nifty was up 29 points at 23,276 levels. InterGlobe Aviation: Rahul Bhatia’s promoter entity, InterGlobe Enterprises, is expected to off load around 2 per cent stake in the company through a block … Read more
I was always a water baby and everyone in my family loves to snorkel. Simon Lorenz as a child (centre) and brother Kevin (left) playing on Lake Baikal in Russia in 1992. Photo: Simon Lorenz American twang My parents worked for the government. My mother is a linguist. She is a Russian teacher and speaks … Read more
German industrial giant Siemens said Thursday it will sell its electrical motors business Innomotics to private US equity firm KPS Capital Partners for 3.5 billion euros ($3.8 billion). Innomotics, a subsidiary whose motors and other systems are used in a variety of industries including chemicals, oil, utilities and automotive, employs around 15,000 people. The group … Read more
Finnish telecoms equipment giant Nokia has found new buyers for its majority stake in a Beijing-based joint venture with Huawei Technologies, after a proposed deal fell through last year following strong protest by the Chinese partner. Under the latest agreement, wireless technology firm TD Tech will be jointly controlled by Huawei and a group of … Read more
