financetom
Business
financetom
/
Business
/
Amara Raja, Blaze form JV to develop, manufacture IoT devices
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Amara Raja, Blaze form JV to develop, manufacture IoT devices
Jul 27, 2020 7:15 AM

Amara Raja Group on Monday said it has joined hands with Blaze Automation to set up a joint venture (JV) to develop and manufacture IoT devices for global markets. The companies have inked an agreement to set up a JV entity AmaraRaja Blaze Technologies Pvt Ltd (ARBT).

The JV firm will leverage combined strengths and cumulative experience of the two companies to innovate, develop and manufacture IoT devices, Amara Raja said in a statement. The JV will start delivering Made in India products to its customers as early asSeptember 2020, it added.

"We will lend our expertise and capabilities in the manufacturing space and leverage Blaze's design credentials to provide turnkey solutions that are both made and designed in India," Amara Raja GroupVice Chairman Jayadev Galla said.

Amara Raja has presence in is various verticals, including lead-acid batteries (AMARON brand), power conversion products, sheet metal products, plastic molding, precision components, and electronic manufacturing, among others.

Blaze Automation is an Internet of Things (IOT) company with offices in the US, India and Australia. It specialises in end-to-end design, prototyping, sourcing, turnkey manufacturing, box building and testing of IoT devices.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Turkey's competition board to fine Meta $37.2 million in data-sharing probe
Turkey's competition board to fine Meta $37.2 million in data-sharing probe
May 9, 2024
ISTANBUL (Reuters) - Turkey's competition board fined Meta Platforms 1.2 billion lira ($37.20 million) on Wednesday after concluding two separate investigations on data-sharing in its Facebook, Instagram, WhatsApp and Threads platforms. The board launched an investigation into Meta in December over a possible violation of competition law by linking its social media platforms Threads and Instagram. The board in March...
Tripadvisor stock sinks as panel rules out sale for now
Tripadvisor stock sinks as panel rules out sale for now
May 9, 2024
(Reuters) - Tripadvisor shares slumped 38% and were on track for their worst day ever on Wednesday, after the online travel agency ruled out a possible sale at this time and posted a surprise quarterly loss. Tripadvisor first disclosed in February that Liberty TripAdvisor Holdings, its controlling shareholder, had been approached by at least one bidder for its controlling stake...
ChipMOS Technologies Q1 Earnings, Revenue Increase
ChipMOS Technologies Q1 Earnings, Revenue Increase
May 9, 2024
04:49 AM EDT, 05/09/2024 (MT Newswires) -- ChipMOS TECHNOLOGIES ( IMOS ) reported Q1 earnings Thursday of 0.60 New Taiwan dollars ($0.02) per basic share, up from NT$0.28 a year earlier. Four analysts polled by Capital IQ expected NT$0.61. Revenue for the quarter ended March 31 was NT$5.42 billion, up from NT$4.61 billion a year earlier. Three analysts surveyed by...
Howard Hughes' Q1 Loss Widens, Revenue Falls
Howard Hughes' Q1 Loss Widens, Revenue Falls
May 9, 2024
04:54 AM EDT, 05/09/2024 (MT Newswires) -- Howard Hughes (HHH) reported a Q1 loss late Wednesday of $1.06 per diluted share, widening from a loss of $0.46 a year earlier. One analyst polled by Capital IQ expected a loss of $0.70. Revenue for the quarter ended March 31 was $171.1 million, compared with $196.3 million a year earlier. One analyst...
Copyright 2023-2026 - www.financetom.com All Rights Reserved