Page 31 - Company News

Sovereign models for large nations to be strategic asset: HCLTech CEO

HCLTech's bet on Sarvam AI is aimed at tapping the sovereign AI opportunity in India and globally, says CEO C Vijayakumar

Wipro sets up facility for Claude models to accelerate enterprise AI

The new centre will focus on accelerating enterprise AI adoption, building specialised talent and developing AI-native platforms and industry solutions across sectors

Supreme Court ruling resets the role of India's economic regulators

In setting aside the CCI's order against Amazon, the Supreme Court has framed regulatory certainty, transparency and fairness as strategic assets for India's investment climate

TCS to take additional $70 million blow from DXC Technology case in US

The suit accused TCS of exploiting software access granted to Transamerica employees, who were transferred to TCS in a $2 billion deal

Cipla appoints Shivam Puri as CEO of 'One India Business' from July 1

Cipla appoints Shivam Puri as CEO of its One India Business, effective July 1, bringing over two decades of FMCG and healthcare leadership experience

Tamil Nadu pollution body says no contamination at Tata's Hosur facility

The Tamil Nadu Pollution Control Board said water samples from Tata Electronics' Hosur facility met environmental norms and no further action is being pursued

BigBasket CEO Hari Menon steps down; Amazon veteran Amit Nanda takes charge

BigBasket co-founder Hari Menon will continue on the board and mentor the leadership team, while former Amazon executive Amit Nanda leads the company's next growth phase

P&G India sees rural consumption growth soften amid inflation pressures

The FMCG major said rural demand continues to outpace urban consumption, but inflation, delayed monsoon and global uncertainties are beginning to weigh on growth

Cipla expands respiratory, specialty manufacturing across India, China, US

Filed 10 applications with USFDA in FY26 to build a pipeline of differentiated products for regulated markets

Essar, IRH Global sign $500 million crude sourcing and supply facility

The agreement is aimed at diversifying crude sourcing, strengthening feedstock security and improving working-capital efficiency for Essar's refining operations

Adani Ports to invest $850 mn in AI, capacity and decarbonisation plans

APSEZ will invest up to $100 million through its partnership with Kaleris to accelerate automation and optimisation as part of a broader $850 million investment plan

Adani Ports to invest up to $100 mn with Kaleris to boost port automation

Kaleris will deploy its terminal operating system and AI-powered container handling and optimisation solutions across 15 APSEZ container terminals at nine ports in India and overseas

JSW Realty seeks ₹1,600 crore loan from Tata Capital for Mumbai project

The developer is seeking the five-year loan to fund an office project near Mumbai's Bandra business district

US Supreme Court rejects TCS challenge in $168 million trade secrets case

Tata had appealed ‌after a lower court upheld a judge's decision to set the award at $56 million in compensatory damages and $112 million in punitive damages to Ashburn, Virginia-based DXC

TCS to take $70 mn hit after US SC rejects appeal in trade secrets case

TCS, which had already set aside $150 million for the case, said it will book a further $70 million towards damages, interest and legal costs as a one-time exceptional charge in the first quarter of 2

Venture capital firm YourNest marks final close of ₹400 crore fund

Over 30 per cent of the fund's investors comprise existing family offices and high net worth individuals (HNIs) who had invested in the early stage VC's earlier funds, and incoming investors

Ashok Leyland signs pact for old truck, bus replacement in Delhi-NCR

In addition to the 8 per cent discount offered by participating OEMs, the Central Government will provide 5 per cent interest subvention and fixed monthly fuel vouchers for a period of five years

Sarvam AI becomes unicorn after raising $234 mn; HCLTech acquires over 10%

The sovereign AI startup raised $234 million in the first close of its Series B round, with HCLTech emerging as the lead strategic investor

Medical costs up, ICICI Lombard makes a case for higher health cover

The insurer said customers should consider higher sums insured to keep pace with rising treatment costs, while stressing that the final decision rests with policyholders

Waaree Energies gets shareholders' nod to raise up to ₹10,000 cr via QIP

Waaree Energies wins shareholder approval to raise up to ₹10,000 crore through a QIP, strengthening its capacity for expansion in India's fast-growing solar sector