Italy’s TIM asks KKR to clarify terms of bid by April 4 – sources
MILAN (Reuters) – Telecom Italia (TIM) has asked KKR to clarify by Monday whether the 10.8 billion euro ($12 billion) price the U.S. fund indicated in its takeover approach for Italy’s biggest phone group is still valid, two sources close to the matter said.

TIM’s board on Tuesday was briefed about discussions with KKR while also receiving information about an alternative proposal from rival private equity firm CVC for a stake in TIM’s enterprise services business.

The sources said TIM and its advisers had concerns about whether KKR’s offer stood after the New York-based fund included a reference to recent market volatility in its latest letter to TIM. KKR declined to comment.

The people said TIM in a letter sent to KKR late on Monday asking to confirm the bid’s price had also sought details on the financing of the offer, which amounts to 33 billion euros when including debt, after KKR said it did not plan to make extensive recourse to debt.

TIM and KKR are at odds over the nature of a due diligence analysis the U.S. fund has asked to perform on the group’s financial data before making a formal bid, the sources said.

In its letter on Monday TIM asked KKR to confirm its due diligence would only have a confirmatory nature.($1 = 0.9021 euros)

MILAN (Reuters)

CNH Industrial inaugurated its new India Technology Center in Gurugram, southwest of New Delhi’s capital, in the country’s northern region. It is an essential part of its global research and development (R&D) footprint focusing on product development and digital solutions.  

This strategic hub is the first of its sort in the country for CNH Industrial, supplied with the most delinquent technology and qualifications, including a vehicle simulation, innovation center, and a state-of-the-art extended reality/virtual reality laboratory to help global technology-led projects.  

In addition, the center started operations in March 2021; the collection of extra design development spaces for additive manufacturing, entrenched software, User Interface & User Experience (UI/UX), and data analytics, with advanced simulation abilities, are predicted.  

This location will play a strategic part for joint measures with its sister R&D centers worldwide to leverage and innovate the digital ecosystem and leading-edge technology in India, with improved efficiencies to aid customers.  

“The India Technology Center is essential for us, especially with the war for talent. Our India presence will help solve our talent issue across the planet to some extent. This center is necessary for the fact that it will innovate for the region and the country,” said Marc Kermisch, Chief Information Officer and ad interim Chief Technology & Quality Officer, CNH Industrial.  

He further added that the unit would design leading-edge technologies, including data analytics, embedded electronics, and software, to support our Indian business and the company’s global product portfolio.  

CNH International has had its presence for more than two decades. With close to thirty R&D centers worldwide, the company has four centers in India. However, the ITC will be the first for the country.  

“India’s extensive potential, succeeding economic expansion, and highly-skilled talent pool drive it to become an appealing market for the development and expansion of our business,” said Chun Woytera, President Asia Pacific, CNH Industrial.  

“In the last ten years, CNH Industrial funded particularly in our Indian manufacturing, R&D, supply base and supply chain development, among other areas. The new Technology Center will strengthen our vision of making India a technology hub, in addition to an industrial hub, as it provides the relevant competencies to support the Agriculture and Construction sectors,” he stressed. 

On March 8, Apple held its long-awaited product event, “Peek Performance,” unmasking its latest products, with upgrades to its iPads, Macs, and welcomes new products to the scene as consumers anticipate with eagerness high-powered Apple tech. 

The Big Tech giant’s first event of 2022 brought along an updated version of its iPhone SE, robust yet small Mac Studio, Mac Studio Display, in addition to a refined version of its iPad Air to its tech dossier.

Prior to uncovering its latest upgrades and products, the iPhone Parent announced its Apple tv Plus would welcome new shows and movies, such as MLB Friday Night Baseball accompanied by two live games. In addition, the iPhone 13 and iPhone 13 Pro will be deployed into the market with new variant color, emerald green.

The New iPhone SE – 2022

The titan’s latest iPhone SE is unveiled, and it seems that Apple has made some remarkable changes to its new affordable smartphone, with a list of hardware upgrades, identical features to that of its iPhone 13, 5G network capacity, and let’s not forget an augmented battery capacity.

While the tech giant decided to elevate its iPhone SE functionalities, its appearance remains the same, yet the price has increased. Now available in stores at $429, going from the 2020s $399. This highlights how Apple is placing its 2022 SE product in a competitive crossfire with other budget-friendly phones of other phone companies, such as Samsung and Huawei.

The iPhone SE will be available in the market for pre-order on March 11 and for purchase on March 18, starting at $429 with 64GB, 128GB, and 256GB options. The latest release on the 2022 version will be available in three colors: midnight, starlight, and red.

Its iPhone 13 A15 Bionic system-on-chip will guarantee an augmented performance capacity better and faster image processing with a bundle of machine learning functionalities.

The A15 Bionic chip is 1.8 faster than the iPhone 8 as it empowers the device’s complete iOS 15 Artificial Intelligence (AI) abilities, such as Live Text and on-device Siri and dictation. Coupled with a much more superior image signal processor enables Photographic Styles and faster image processing.

As for SE’s design, Apple mirrored its iPhone 8 and 13 generation’s glass body with aluminum and ceramic shield coating on both the front and back.

The only downfall with Apple’s 2022 iPhone SE is it does not support mmWave 5G, meaning users will not have the option of enjoying Verizon’s fast 5G network speeds.