ROBERT BOSCH GMBH
More pain for German car industry as Daimler axes 10,000 jobs
The Mercedes-Benz maker said it wanted to save 1.4 billion euros (USD 1.5 billion) in staff costs by the end of 2022 as it joins rivals in investing huge sums in the greener, smarter cars of the future. "The total number worldwide will be in the five-digits," Daimler personnel chief Wilfried Porth said in a conference call about the job cull.
IIT-M projects aim to reduce dropouts, improve learning
Researchers are working on projects that use AI to detect and improve learning patter...
Bosch shares plunge nearly 5% post Q2 earnings
The company, which had posted a net profit of Rs 419.99 crore in the July-September period of ...
2019 was a washout for auto sector and Bosch India had 26% negative growth: Soumitra Bhattacharya
The challenging situation will continue in Q3 and Q4 for 2019-20 as well.
Freshworks, IIT-Madras in AI tie-up
The company will partner with IIT-M R&D centre to leverage its AI engine to provide advanced lead scoring capabilities for its customers.
Freshworks to tie up with IIT-M
The California-headquartered company will initially partner with the centre on how to leverage AI to provide advanced lead scoring capabilities for its customers.
Maker Village ties up with ARM Holdings
The Kochi-based Maker Village, which functions under the Union government with Kerala Startup Mission as the supporting partner, will thus hold special training and guidance programmes.
Slowdown makes Bosch shut production for 10 days
German auto components major Bosch India has decided to shut production for 10 days per month in the third quarter (October-December) of fiscal 2019-20 due to slowdown, said an official on Saturday.
Consumer durable firms look forward to festive season for sales revival
Leading consumer durable maker Samsung, is expecting double-digit growth in TV panel market, during this festive season sales.
Sensex tanks 642 pts, Nifty below 10,850; 5 factors that weighed on D-Street
Almost all sectoral indices traded in the red, led by auto that was down 1.75 per cent.
US firms dominate top 10 VC investors list in IoT tech space in 2018: GlobalData
The investors participated in 52 funding rounds equating to a total proportionate investment value of US$350.2m in 2018.
Bosch board appoints Bernhard Straub as chairman
The board has approved the appointment of Straub, currently non-executive, non-independent Director, as an additional director designated as a Chairman of the board, Bosch Ltd said in a regulatory filing.
Auto industry may shed 500k jobs next quarter
Tier II-III companies with a turnover of less than Rs 400 crore are bleeding the most.
Auto parts firms diversify amid electric vehicle, BS-VI changes
Entry Point Aluminium forging, light-weighting technology are new ancillaries to EV manufacturers.
Katerra to set up $100 million manufacturing plant in Hyderabad
The US-based technology-driven construction firm currently has an off-site manufacturing facility in Krishnagiri.
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