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Tag: MoU signing

  • Synology-Toshiba shake hands, put all their eggs in strategic basket

    Synology-Toshiba shake hands, put all their eggs in strategic basket

    MUMBAI: Ever heard of putting your data safely in a basket? Synology and Toshiba just agreed it’s safer to put their eggs—or rather, bytes—in one very secure basket. Think Batman and Robin, but for enterprise storage solutions. Yes, this duo is here to prove two heads (and a few terabytes) are indeed better than one.

    On 19 March 2025, Synology and Toshiba Electronic Components Taiwan Corporation formalised their long-standing collaboration by signing a memorandum of understanding (MoU). The agreement outlines plans for deepened cooperation, structured intellectual property management, and further market expansion.

    Why the big fuss? Because Synology and Toshiba have already been quietly revolutionising enterprise storage, enhancing system stability, and performance through shared tech initiatives. This MoU isn’t just paperwork—it’s a roadmap to making enterprise data storage cooler (and way more efficient).

    Toshiba’s storage products sales & marketing division general manager, Atsushi Toyama said, “Synology is one of Toshiba’s most significant and long-standing partners in the Asia-Pacific region. This collaboration enables us to leverage our combined expertise to create greater value for our customers.”

    Synology chairman & CEO Philip Wong added, “Toshiba has been a key strategic partner of Synology for years. We look forward to deepening our collaboration and delivering even more advanced storage and data management solutions that exceed our customers’ expectations.”

    So, enterprise customers, rest easy—your storage superheroes just teamed up officially. Batman and Robin? Old news. Synology and Toshiba? Now that’s a dynamic duo worth storing away.

  • Maruti Suzuki partners with HSBC India for dealer financing solutions

    Maruti Suzuki partners with HSBC India for dealer financing solutions

    Mumbai: Maruti Suzuki India Limited (MSIL) has forged a strategic partnership with HSBC India to provide dealer financing solutions, enhancing the working capital options for its vast network of over 4000 sales outlets nationwide. This new collaboration, formalised through a Memorandum of Understanding (MoU), empowers Maruti Suzuki dealerships with comprehensive inventory funding options to meet evolving market demands.

    The MoU was signed with key representatives from both companies in attendance. From Maruti Suzuki, senior executive officer of marketing & sales, Partho Banerjee; VP of allied business, Kamal Mahtta; and general manager of Maruti Suzuki finance & driving school, Vishal Sharma. HSBC India was represented by CEO, Hitendra Dave; head of commercial banking, Ajay Sharma; head of global banking, Amitabh Malhotra; country head of business banking, Gaurav Sahgal; and head of global trade solutions, Runa Baksi.

    Commenting on the collaboration, Banerjee said, “We are committed to support our dealers in ensuring their readiness as per evolving customer and market needs. Our collaboration with HSBC India will focus on innovative financing solutions for inventory funding for our dealer partners. This strategic alliance will leverage the combined strengths of MSIL and HSBC India to offer comprehensive working capital solutions for our dealer partners.”

    Sharma also shared his enthusiasm, noting, “We are pleased to collaborate with MSIL, a leader in the country’s automotive sector, as a financing partner to their extensive dealer network. Our deep understanding of the business dynamics and the evolving needs of dealers coupled with our tailored product offerings will enable us to support dealers through every stage of their business growth.”