Al Seer Marine and L3Harris form partnership to deliver autonomous capabilities

Al Seer Marine, the Abu Dhabi-based manufacturer of unmanned surface vessels, has signed a strategic partnership with world-renowned autonomous system developer, L3Harris to deliver autonomous capabilities in the region’s maritime sector. Bringing Al Seer Marine’s vessel design, manufacture and integration expertise alongside L3Harri’s autonomous control system capability, the partnership is well equipped to offer industry-leading […]

India amends Foreign Direct Investment policy to curb opportunistic takeovers

New Delhi: The Centre has amended the foreign direct investment (FDI) policy to check opportunistic takeovers of Indian companies amid the Covid-19 pandemic. It has decided put all FDI proposals from countries sharing border with India under the government approval route. Companies whose beneficial ownership also lies in such countries will have to undergo government […]

Ford issues $8b debt securities after virus causes $2b loss

Dearborn:Ford Motor Co on Friday raised $8 billion from corporate debt investors to shore up its cash reserves as the coronavirus outbreak pummeled vehicle sales and production, resulting in an estimated loss of about $2 billion for the first quarter. The Dearborn, Michigan-based company, which lost its investment-grade status in March, raised new funds with […]