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The Cable-Ship Crunch: OMS Group Raises $1.03 Billion for Four New Vessels

Subsea cable ship operator OMS Group has secured more than $1 billion in new financing. The money will fund the build-out of four new vessels. The company said this week that it raised $1.0315 billion in facilities. How the Financing Is Built The package includes $911.5...

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The Cable-Ship Crunch: OMS Group Raises $1.03 Billion for Four New Vessels

Subsea cable ship operator OMS Group has secured more than $1 billion in new financing. The money will fund the build-out of four new vessels. The company said this week that it raised $1.0315 billion in facilities. How the Financing Is Built The package includes $911.5 million in corporate facilities, trade facilities and export credit agency (ECA) backed term loans. A further $120 million in trade...

HEALTHCARE

IDBI Employees Eye Wider Action After Two-Day Strike Against Fairfax Stake Sale

A two-day nationwide strike by IDBI Bank officers and employees ended. They were protesting against the proposed sale of a majority stake in the bank...

Only 9% Can Orchestrate AI Agents Securely: Inside the TCS Enterprise AI Study

Most enterprises are gaining value from AI. Few trust it to act on its own. That is the central finding of a new global study...

Mashreq and Clari5 Put Generative AI Inside the Bank’s Own Walls to Fight Fraud

Mashreq, a financial institution in the MENA region, has launched new generative AI capabilities in its fraud platform. It built them with Clari5, a Perfios...

MANUFACTURING

Made in India: VIVOTEK Smart Cameras Now Roll Off Delta’s Krishnagiri Line

Delta Electronics India has begun local production of smart surveillance cameras from VIVOTEK, its key security brand. The cameras are being made at Delta’s Krishnagiri...

Frog Innovations to Build LigoWave’s Wireless Broadband Gear in India

Frog Innovations Limited has partnered with US-based wireless networking company LigoWave to manufacture wireless broadband and Wi-Fi products in India. Frog Innovations, formerly Frog Cellsat...

After the NXP Deal, TTTech Doubles Down on Secure, Resilient Computing

TTTECH, a global group of high-tech companies, has launched TTTech Systems SE. The wholly owned subsidiary combines the group’s Aerospace and Industrial businesses. It began...

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News

The Cable-Ship Crunch: OMS Group Raises $1.03 Billion for Four New Vessels

Subsea cable ship operator OMS Group has secured more than $1 billion in new financing. The money will fund the build-out of four new vessels. The company said this week that it raised $1.0315 billion in facilities. How the Financing Is Built The package includes $911.5 million in corporate facilities, trade facilities and export credit agency (ECA) backed term loans. A further $120 million in trade...

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