Page 399 - Company News

SBI to launch project finance unit for AI, fintech, e-commerce industries

The public sector bank plans to complete the project within a year and will hire specialised professionals to staff it

Nandan Nilekani's master key to help unlock India's $8 trillion future

Nilekani believes the combination of AI, smartphones will help unlock digital access, but challenges like income disparity remain; Nilekani's 'The Great Unlock' aims to overcome these barriers

IndiGo's parent firm approves $45 million investment in IFSC subsidiary

In one or more tranches, the investment of "up to Rs 3,940 million ( $45 million approximately)", will be made in the IFSC subsidiary, according to a regulatory filing

ArcelorMittal Nippon sues India over raw material import as fight escalates

ArcelorMittal Nippon has already warned New Delhi privately that it may have to severely curtail steelmaking and delay any expansions due to the curbs

NCLT grants 8-day extension for Reliance Capital's ownership transfer

The Mumbai-bench of NCLT heard the matter and a joint status update was given by the committee of creditors, administrator, and IIHL on the progress of the implementation of the resolution plan

Coromandel Int'l buys 53% stake in agro-chemical firm NACL for Rs 820 cr

Coromandel International, one of the leading agri-solutions providers, has signed definitive agreements to acquire majority stake in NACL Industries

Narayana Murthy warns against AI hype in India, urges startups to aim big

Says innovation & job creation will vanish poverty, not freebies

Google introduces new AI models for rapidly growing robotics industry

The robotics field has made large strides over the past few years with increasing advancements in AI and improving models, speeding up commercialization of robots largely in industrial settings

Binny Bansal unveils new venture Opptra to tap consumer brand growth

At Opptra, Bansal aims to empower brands to unlock global growth and thrive in the ever-evolving, digitally disrupted retail landscape

Syneriq Global opens AI GCC in Hyderabad, aims for $150 million revenue

Additionally, the group launched a new AI platform, Zyrix, focused on driving innovation and advancing product engineering

Qcom platform Swiggy Instamart to deliver Crocs footwear in 10 minutes

Initially, customers will be able to order the footwear across major cities, including Mumbai, Bengaluru, Delhi, and Gurugram

Indians at forefront of Riyadh Air's 1.4 mn job applications: CEO Douglas

He mentioned that almost 93 per cent of the air traffic between India and Saudi Arabia is point-to-point, and there is a huge scope of increasing flight frequencies between the two nations

Bharti Airtel transfers 69.94% stake in Airtel Payments bank to Airtel Ltd

Bharti Airtel has transferred its entire 69.94 per cent stake in Airtel Payments Bank to wholly-owned subsidiary Airtel Limited, a regulatory filing said on Tuesday.

TSMC pitches Intel foundry joint venture to Nvidia, AMD and Broadcom

Any final deal - the value of which is unclear - would need approval from the Trump administration, which does not want Intel or its foundry division to be fully foreign-owned

Indira IVF expands with launch of MatCare Maternity & Child Hospital

This expansion further enhances Indira IVF's core reproductive care offerings, underscoring its commitment to delivering high-quality, integrated services that fully address diverse needs of families

Aster DM promoters reduce share pledge to 41% for debt refinancing

"This milestone also reinforces trust among our stakeholders, investors, and partners as we continue to expand our footprint in India," added Moopen

India must adopt frugal innovation in AI like DeepSeek: Mohandas Pai

Pai highlighted that Indian companies should focus on developing vertical large language models (LLMs) for domains like financial services, healthcare, and high-tech manufacturing

BSNL, MTNL raise Rs 12,984 crore from asset monetisation since 2019

BSNL has earned Rs 2,387.82 crore and MTNL Rs 2,134.61 crore up to January 2025 from monetisation of lands and buildings

JLR-Tata plant in Tamil Nadu will reach peak capacity in 5-7 years: TaMo

The company further added that the specific models and production timelines will be aligned with Tata Passenger Electric Mobility (TPEM) and JLR broader strategy and market requirements.

Only 1 in 6 corporate flyers in 2024 was a woman; Mumbai leads among metros

Among metropolitan cities, online travel aggregator MakeMyTrip indicates, Mumbai recorded the highest percentage of female corporate flyers at nearly 19%, followed by Delhi (18%) and Bengaluru (17%)