The APAC automotive switch market is expected to showcase notable CAGR of 4% through 2026. Improving disposable income among people in emerging countries across Asia Pacific will expand regional opportunities in automotive switch industry over the period of study.
Developments in the automobile sector owing to product innovations will support the industry dynamics. With an aim to enhance passenger-vehicle safety, countries like China, India and Japan are recording increased use of ADAS and other safety systems. Additionally, there increasing adoption of electric vehicles in the region owing to stringent regulations by the government to reduce carbon emission levels and ade
Azentio Software (Azentio), a Singapore-based software products company, has confirmed signing a binding agreement to acquire some of the software assets from Path Solutions, a leading provider of core banking software (including the flagship products iMAL™, Path Digital, iShraq™ and Path Analytics).
The deal is subject to customary closing conditions and is depending on receiving necessary regulatory approvals.
With this acquisition, Azentio will strengthen its banking portfolio by the addition of complementary core banking software capabilities and a full range of next-generation solutions aimed at Islamic banks and financ
RNSEL (Reliance New Energy Solar Ltd.), a sub-division wholly owned by Reliance Industries, along with strategic investors such as Bill Gates, Paulson & Co., and others, have recently devised plans to invest $144 million in U.S-based energy storage company, Ambri Inc.
The investment will be used to assist the energy firm to develop and expand its long-term energy storage solutions business around the world. In addition, RNESL will invest $50 million in Ambri to purchase 42.3 million preferred stock shares.
Reliance believes that Ambri's energy storage systems that is based on its patented technology and designed to last between
ReNew Power, one of India’s largest renewable energy company by operational capacity, is all set to invest over $1.2 billion in establishing a 1.3 GW hybrid RE (renewable energy) project that will provide round the clock (RTC) clean energy supply in the country.
As per reports, ReNew would build the whole project capacity in three states, namely Karnataka, Maharashtra, and Rajasthan. The hybrid capacity will include 0.9 GW of wind power, 0.4 GW of solar power, and comparable battery storage.
The project was won by ReNew Power in a tender issued by SECI (Solar Energy Corporation of India) in May 2020 at a proposed tariff rate of Rs
Well-known private sports association, La Liga has reportedly agreed to a €2.7bn deal with private equity frontrunner, CVC, in a bid to involve the latter in running a large European football league for the first time.
Sources close to La Liga, which looks after the top two divisions of Spanish football, have disclosed that it would create a new business in order to take authority of most of the activities, in which CVC Capital Partners would account for a 10% stake.
Apparently, the deal would value La Liga at around €24.3bn. Meanwhile, Clubs would acquire nearly 90% of funds from CVC’s investment, which is inclusive of