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Business Economy


EXATRON to set up greenfield server, storage manufacturing unit in AP with Rs 360 cr

Tirupati, Feb 11 (UNI) Exatron Servers Manufacturing Pvt Ltd, an organisation focused on manufacturing best-in-class servers and storage products in India, will set up a state-of-the-art manufacturing and assembly plant at the Industrial Park Electronic MFG Cluster – II here.

The facility spreading across more than two lakh square feet area, will be the assembling and manufacturing center for some of the High-end servers and storage products, the company said in a release here on Monday.

Exatron plans to invest Rs 360 Crores over the next five years to scale the company’s operations in Tirupati and also has plans to expand its presence across the country.

Exatron will start its facility construction work by next month and its commercial shipments will commence within the next 9 months, the release said.

This initiative is aligned with Make in India initiative and promises to create local employment opportunities for up to 900+ employees in the next five years, the release added.
UNI KNR ASN RHK 2020
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STL and VMware to Collaborate on 5G Access Solutions for Telcos and Large Enterprises

27 Feb 2020 | 4:27 PM

SANTA CLARA, California and PUNE, India, Feb. 27, 2020 /PRNewswire/ -- STL (NSE: STRTECH), a global data networks innovator, today announced it will collaborate with VMware, a leading innovator in enterprise software, to develop virtual network functions for 5G Access Solutions for converged wireline-wireless technology. Once available, these solutions will help easy single-click installation of complex 5G rollouts for Telcos and Large Enterprises.

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Logitech Wins 25 Design Awards From Leading Organizations

27 Feb 2020 | 4:25 PM

NEW DELHI, LAUSANNE, Switzerland and NEWARK, California, Feb. 27, 2020 /PRNewswire/ -- Logitech (SIX: LOGN) (NASDAQ: LOGI) today announced that the company has been honored with 25 design award wins across five brands by the 2020 iF DESIGN™ Awards and 2019 GOOD DESIGN™ Awards. This year's iF DESIGN Awards selections marks a decade of consecutive recognition from the illustrious program, and nine consecutive years that Logitech received distinctions from the GOOD DESIGN Awards.

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Oxbotica and Cisco to Solve Autonomous Vehicle Data Challenge with Pioneering OpenRoaming Platform

27 Feb 2020 | 4:24 PM

LONDON, Feb. 27, 2020 /PRNewswire/ -- Oxbotica, a global leader in autonomous vehicle software, and Cisco have partnered to demonstrate how OpenRoaming can unlock the potential of fully-connected autonomous vehicle fleets, enabling the seamless and secure sharing of high-volume data while on the move.

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ONGC declines by 2 61 pc to Rs 93 30

27 Feb 2020 | 4:16 PM

Mumbai, Feb 27 (UNI) ONGC on Thursday slipped by 2.61 pc to Rs 93.30 to be the top losers in the 30 scrips index of Bombay Stock Exchange (BSE).

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Sensex falls by 143 30 pts

27 Feb 2020 | 4:16 PM

Mumbai, Feb 27 (UNI) The benchmark index of Bombay Stock Exchange (BSE) remained weak for the fifth straight session on Thursday as it slipped by 143.30 points to settle at 39,745.66, as heavy selling was seen in Energy, Oil and Gas, Power and Realty stocks.

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