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Business News Highlights: Hello and welcome to ABP Live's Business LIVE blog. Please follow this space for all the breaking news and latest updates from the Stock Market, economy, and the corporate world.The s...

19:37 PM (IST)  •  26 Mar 2024

Veeda Clinical Research Expands With Acquisition Of European Firm Heads

Veeda Clinical Research, headquartered in Gujarat, announced on Tuesday its acquisition of Heads, a privately held European contract research organisation, for an undisclosed sum. Heads specialises in oncology clinical trials and operates in 25 locations spanning Europe, North America, and the Asia Pacific region.

Mahesh Bhalgat, CEO of Veeda Clinical Research Group, stated in a release that this acquisition strategically places Veeda to provide access to a broad and varied population for the efficient execution of large-scale, multi-geography clinical trials, aligning with the increasing focus on global clinical research.

19:20 PM (IST)  •  26 Mar 2024

Meta Takes the Lead As Global XR Headset Shipments Decline By 19%

Global shipments of Extended Reality (XR) headsets witnessed a 19 per cent year-on-year decline in 2023, with Meta securing 59 per cent of the market share, according to a new report released on Tuesday. The decrease was attributed to the absence of innovative XR headset releases and a shortage of captivating applications beyond gaming, as per findings from the Counterpoint report. Nevertheless, the introduction of highly anticipated products like the Sony PlayStation VR2 (PSVR2) and Meta Quest 3 during the year alleviated a more significant decline in 2023.

18:42 PM (IST)  •  26 Mar 2024

JustDeliveries Secures $1 Million In Funding

JustDeliveries, a company specialising in logistics solutions for perishables, announced the successful completion of a funding round, raising $1 million (approximately Rs 8.33 crore) from various investors, the firm said in a statement released on Tuesday. NABVENTURES Fund spearheaded the pre-Series A funding, with participation from prominent investors such as FAAD Network, Anay Ventures, Caret Capital, and Mahansaria Family Office.

18:06 PM (IST)  •  26 Mar 2024

Yamini Aiyar Resigns as CEO of Premier Think Tank CPR India

Yamini Aiyar, the Chief Executive of the premier think-tank Centre for Policy Research India (CPR), will be stepping down from her current position to dedicate more time to her research pursuits, as per an announcement from CPR. This transition follows the cancellation of CPR's license under the Foreign Contribution (Regulation) Act (FCRA) several months ago.

Dr Srinivas Chokkakula, a Senior Fellow at CPR and the Ministry of Jal Shakti Research Chair is slated to assume the role of President and Chief Executive of the think-tank starting April 1st.

17:18 PM (IST)  •  26 Mar 2024

Apple Vision Pro Set for Launch in Mainland China Later This Year

Apple CEO Tim Cook revealed plans for the debut of the Apple Vision Pro in the mainland China market this year during the China Development Forum in Beijing on Sunday, reported Chinese state media. Cook disclosed the launch strategy for the headset during a press briefing, mentioning that the tech giant intends to boost its research and development investments in China. CCTV Finance shared this information on its Weibo social account, as reported by the media.