Monday , 11 December 2017
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Samsung forms unit to house and fund self-driving car technology

A man tours a showroom of Samsung Electronics in Seoul. Picture REUTERS New York — Samsung Electronics is upping its $8bn bet on automotive technology, forming a separate business unit within Harman International to house autonomous driving products and ploughing $300m into a new fund investing in start-ups in this space. The autonomous driving unit will compete on everything from ... Read More »

Facebook Said to Have Received Nod to Set up Indonesia Unit

Facebook Inc has received an in-principle approval to set up a domestic unit in Indonesia, said a senior government source from the Southeast Asian nation, home to the social networking giant’s fourth-largest user base. Indonesia has been pushing multinational technology firms to be locally incorporated, arguing that companies such as Alphabet Inc’s Google set up small business entities to provide ... Read More »

Emaar hires Goldman Sachs to manage IPO of real estate unit

Emaar expects to complete the initial public offering by November. Photo: Bloomberg Dubai/Abu Dhabi: Emaar Properties PJSC has hired Goldman Sachs Group Inc. to manage the sale of shares in its United Arab Emirates real estate development business in Dubai, chairman Mohamed Alabbar said. The developer of the world’s tallest tower expects to complete the initial public offering by November ... Read More »

TPG Said to Be Among Possible Bidders for Intel Security Unit McAfee

TPG Said to Be Among Possible Bidders for Intel Security Unit McAfee HIGHLIGHTS Deal could value McAfee at as much as $3 billion Intel is also talking to other potential bidders Intel’s strategy to focus on its more profitable data-center business TPG is among potential bidders for Intel Corp.’s computer-security unit McAfee, people with knowledge of the matter said. The ... Read More »

China Develops ‘Darwin’ Neural Processing Unit

Chinese researchers have developed “Darwin” – a new age information chip that will help run complex intelligent algorithms on small devices in the era of “Internet of Things”. Artificial Neural Network (ANN) is a type of information processing system based on mimicking the principles of biological brains. It has been broadly applied in application domains such as pattern recognition, automatic ... Read More »

Indiabulls-subsidized Unit Barred From buying and selling In Singapore Bourse

New Delhi: Singapore exchange has suspended buying and selling in gadgets of IPIT, a enterpriseaccept as true with sponsored through Indiabulls real estate, for an indefinite duration as public shareholding within the organization has fallen beneath the minimal of 10 per cent. Indiabulls actual property (IBREL) these days knowledgeable BSE that its oblique fully-owned subsidiary Grapene Ltd (the Offeror) has ... Read More »