MANUFACTURING
L.T Elevator Enters Global Automated Parking Space With DYPC Acquisition
L.T Elevator Ltd has signed a Share Purchase Agreement to acquire Seoul-based DYPC Inc. (Dongyang PC Inc.), marking its entry into the global automated parking technology business. The company will acquire a 66.45% stake in DYPC at a consideration of $2.85 per share. It will also acquire and cancel 5 lakh equity shares held by […]
CW Bureau
·
Aug 5, 2026
STARTUP/TECHNOLOGY
Cars24 Processes Over 1.1 Trillion AI Tokens In Q1, Boosts Transformation
Used vehicle marketplace Cars24 has significantly accelerated its artificial intelligence (AI) transformation, processing more than 1.1 trillion AI tokens during the April-June 2026 quarter (Q1 FY27) as the company expands AI across engineering, customer engagement and core automotive operations. The company said AI consumption has nearly tripled over the last two quarters, with AI-related spending […]
CW Bureau
·
Jul 19, 2026
STARTUP/TECHNOLOGY
WEX Expands India Footprint With New Bengaluru Technology Centre
WEX, a global provider of intelligent payment solutions, has strengthened its presence in India with the inauguration of a new technology centre in Bengaluru, reinforcing its long-term strategy to expand global technology capabilities by leveraging the country’s deep engineering talent and innovation ecosystem. The new facility will function as a strategic technology hub, bringing together […]
CW Bureau
·
Jul 18, 2026
AUTO
Bosch To Buy 100% Stake In Bosch Chassis Systems India For ₹9,069 Cr
Bosch Ltd, the flagship company of the Bosch Group in India, said it plans to acquire 100% stake in Bosch Chassis Systems India Pvt Ltd (RBIC) from Robert Bosch Investment Nederland B.V (RBNI) and Robert Bosch LLC for a total consideration of ₹9,068.68 crore. A share purchase agreement will be executed among Bosch, RBNI, Robert […]
CW Bureau
·
Apr 8, 2026
