Page 140 - Company News
BLS International bags MEA contract to run Indian visa centres in China
The contract will be valid for a period of 3 years, effective October 14, 2025
 "BLS International bags MEA contract to run Indian visa centres in China")
M3M to invest ₹2,100 cr to build ultra-luxury homes under Jacob & Co brand
Jacob & Co. is a globally renowned luxury brand, celebrated for its high-jewellery timepieces and extraordinary craftsmanship
 "M3M to invest ₹2,100 cr to build ultra-luxury homes under Jacob & Co brand")
Electric 2-wheeler maker Ultraviolette forays into Spain, Portugal markets
By entering Spain and Portugal, the company is strategically positioning itself at the heart of Europe's booming EV landscape, it said in a statement
 "Electric 2-wheeler maker Ultraviolette forays into Spain, Portugal markets")
Graph AI raises $3 mn from Bessemer to target $8 bn drug safety market
California-based Graph AI raised $3 million in seed funding led by Bessemer Venture Partners to scale its AI-driven pharmacovigilance platform for global drug safety and compliance
 "Graph AI raises $3 mn from Bessemer to target $8 bn drug safety market")
I-T dept raids proprietary trading firm Graviton as govt steps up scrutiny
The raid at Graviton's offices near New Delhi began at the start of this week and is set to conclude Thursday
 "I-T dept raids proprietary trading firm Graviton as govt steps up scrutiny")
Granite Asia leads $85 mn Series C funding in Kuku content platform
Granite Asia led Kuku's $85 million Series C round joined by Vertex Growth, IFC, Krafton, and others, to expand AI infrastructure and grow its vernacular storytelling ecosystem
 "Granite Asia leads $85 mn Series C funding in Kuku content platform")
MRPL seeks cheaper oil amid US pressure, hopes to keep buying Russian crude
Russian oil accounted for about 35 per cent to 40 per cent of MRPL's overall oil imports in the September quarter
 "MRPL seeks cheaper oil amid US pressure, hopes to keep buying Russian crude")
HCLTech profit flat at ₹4,235 crore, revenue rises 10.7% in Q2FY26
IT major now expects to grow at 4-5% on constant currency basis for the full year
 "HCLTech profit flat at ₹4,235 crore, revenue rises 10.7% in Q2FY26")
Air India in talks with Airbus, Boeing to buy 300 more wide-body jets
In June, Air India was negotiating with Airbus and Boeing for a major new aircraft purchase, which could include around 200 additional narrow-body planes
 "Air India in talks with Airbus, Boeing to buy 300 more wide-body jets")
US SEC lawsuit against Adani alleging fraud paused amid govt shutdown
A US government shutdown has furloughed SEC staff and delayed filings in the civil securities lawsuit against Gautam Adani, even as related criminal proceedings continue
 "US SEC lawsuit against Adani alleging fraud paused amid govt shutdown")
Nelco focuses on remote areas, not competing with terrestrial players: MD
Direct-to-device services are also on cards, albeit at later time, since company has a tie-up with US-based Omnispace to provide 5G satellite-based direct-to-device services, signed back in 2022
 "Nelco focuses on remote areas, not competing with terrestrial players: MD")
Stellantis $13 bn US investment plan gains support from investors
The plan, announced late on Tuesday, would help buffer the group from US tariffs, an impact the French-Italian-American group had estimated in July at about $1.7 billion this year
 "Stellantis $13 bn US investment plan gains support from investors")
BlackRock, Nvidia-backed group strikes $40 billion AI data center deal
The acquisition is the latest in a series of big-ticket deals involving Big Tech and Silicon Valley startups that has been fueled by the boom in AI
 "BlackRock, Nvidia-backed group strikes $40 billion AI data center deal")
Apple CEO Tim Cook pledges to boost China investment despite Trump tensions
Many US companies have become cautious about relations with China as the world's two biggest economies clash over tariffs
 "Apple CEO Tim Cook pledges to boost China investment despite Trump tensions")
Tata Communications transforming itself into a technology company, says CEO
Lakshminarayanan says AI and data-driven products will power future growth as firm stays on track to hit $1 billion revenue target by FY28
 "Tata Communications transforming itself into a technology company, says CEO")
Hyundai Motor lines up ₹45,000 cr investment in India: 26 launches in 2030
Lining up its 2030 strategy, Hyundai said it was targeting up to 30 per cent export contribution and over 1.5-fold rise in revenue, to cross the ₹1 trillion milestone in five years
 "Hyundai Motor lines up ₹45,000 cr investment in India: 26 launches in 2030")
Meta to invest $1.5 billion in Texas AI data centre, creating 100 jobs
Meta has invested over $10 billion in Texas and employs more than 2,500 people across the state, the company said. These figures include the latest investment
 "Meta to invest $1.5 billion in Texas AI data centre, creating 100 jobs")
Tesla urges Delaware Supreme Court to restore Musk's $56 billion payday
One of the biggest corporate legal battles entered its final stage after a lower court judge rescinded the Tesla CEO's record compensation in January 2024
 "Tesla urges Delaware Supreme Court to restore Musk's $56 billion payday")
Axis Bank Q2 net falls 26% to ₹5,090 crore on one-time provision
Despite a profit decline due to standard asset provisions, Axis Bank's asset quality improved and loan growth remained steady in Q2FY26
 "Axis Bank Q2 net falls 26% to ₹5,090 crore on one-time provision")
US tech startup Anthropic unveils cheaper model to widen AI's appeal
Anthropic's annual revenue run rate - a calculation of annual revenue extrapolated from the current sales pace- is almost $7 billion, the spokesperson said
 "US tech startup Anthropic unveils cheaper model to widen AI's appeal")