Page 1958 - Company News

87% of Indian firms to hike their AI spend by 10% in 3 years: Report

Approximately 80 per cent of enterprises in the country have at least one AI model in production, indicating an extensive penetration of AI/machine learning (ML) across enterprises.

Vedanta Resources urges Zambia to halt search for new KCM investor

Zambia's previous government put KCM in the hands of a liquidator in May 2019, triggering the ongoing legal dispute with Vedanta Resources, KCM's parent company.

Glenmark acquires Wockhardt's key OTC brands in US for undisclosed sum

Deal includes approved ANDAs for famotidine tablets, used in treatment and prevention of ulcers stomach and intestinal ulcers

ONGC chopper carrying 9 makes emergency landing in Arabian Sea, 6 rescued

A helicopter carrying seven passengers and two pilots made an emergency landing in the Arabian Sea on Tuesday, near Oil and Natural Gas Corporation Limited (ONGC) rig Sagar Kiran in Mumbai High

BYJU's rejigs global team as part of expansion plan as edtech space shrinks

Edtech major BYJU's on Tuesday named Krishna Vedati as President of Global Growth and Strategic Initiatives, along with rejigging top leadership at K-12 creative coding platform Tynker

ah! Ventures announces launch of angel fund with Rs 100 cr corpus

While the first close is expected within the next 60 days, the team's target is to be fully invested by the third year with potential winners

Low-profile billionaire philanthropist Pallonji Mistry passes away at 93

The chairman of the Shapoorji Pallonji Group, Mistry always kept a low profile and was often known as the "phantom of Bombay House" for his indirect influence over the Tata Group affairs

HDFC Bank-backed Lentra acquires AI startup TheDataTeam for undisclosed sum

The deal involves the acquisition of the customer intelligence platform Cadenz

DHFL-Yes Bank case: ED takes Pune businessman Avinash Bhosle in custody

The Enforcement Directorate (ED) on Tuesday took Pune-based businessman Avinash Bhosale into custody from Arthur Road Jail in an alleged corruption case pertaining to Yes Bank and DHFL

AI no longer fringe tech for Indian companies: Bain & Company report

India is also a global source of talent in data and AI skills; it produces 16 per cent of the world's AI talent pool, said the report

E-com platforms not publishing negative ratings/reviews in India: Report

More than one in two (58 per cent) consumers complain that their negative product ratings and reviews are not being published by e-commerce platforms, a new report showed on Tuesday

Infosys selected to manage technology separation from Toll Holdings

"Global Express appoints Infosys to manage technology separation from Toll Holdings," the Bengaluru-headquartered IT services major said in a statement

Pallonji Mistry, Indian-Irish billionaire caught in Tata feud, dies at 93

Mistry and his family control the Shapoorji Pallonji Group, which started more than 150 years ago and today employs more than 50,000 people in over 50 countries

Glenmark Pharmaceuticals acquires certain OTC drugs from Wockhardt in US

Glenmark said its current portfolio consists of 175 products authorised for distribution in the US market and 48 ANDAs pending approval with the USFDA

India's first indigenous mRNA vaccine likely to be available soon

The Subject Expert Committee (SEC) has recommended granting the Emergency Use Authorisation (EUA) to the country's first mRNA-based Covid-19 vaccine in a meeting held on Friday

About 200 brands register for EPR ahead of Single Use Plastic ban

"Applications of 49 brand owners and 59 importers were rejected for multiple reasons," said a senior official from the CPCB

After beating Europe & China, where is India's SUV market headed?

From 18% in 2016 to 48% in 2022, the rise of SUVs in India has been phenomenal. So why have SUVs become the preferred choice for the aspirational Indian? Where is India's SUV market headed from here?

Bajaj Auto to buy back shares worth Rs 2,500 crore at Rs 4,600 each

Two-wheeler giant Bajaj Auto to take back 5.43 mn shares at Rs 4,600 a piece

Operating environment is still volatile, says Tata Consumer chairman

Factors driving inflation as spelt out by the company include geo-political tensions, supply-chain challenges, and demand-supply mismatches in crude oil and several other commodities

Sebi slaps Rs 12 cr penalty on Sahara group firms in OFCD issue matter

Asserts that by representing the OFCD as pvt placement, issuers deprived subscribers of various measures of investor protection