News
VADODARA, GUJARAT, INDIA – Aimtron Electronics has secured approximately $12 million through the issuance of convertible warrants to fund a new electronics manufacturing facility here. The financing round, approved by the board, saw participation from promoter group members Mukesh and Nirmal Vasani and institutional investors.
NEEDHAM, MA – Global smartphone shipments grew 1.0% year-over-year in the second quarter, reaching 295.2 million units, according to preliminary data from IDC’s Worldwide Quarterly Mobile Phone Tracker. The modest uptick comes despite persistent macroeconomic uncertainty and weaker-than-expected demand in China.
STOCKHOLM – Note reported flat sales in the second quarter while continuing to build profitability and cash flow, prompting the company to narrow its full-year sales guidance.
