Page 52 - Company News

Tata signs OpenAI as 1st customer for data centre under Stargate initiative

The deal is a major boost for TCS, which in a strategic shift last year ‌disclosed plans to invest up to $7 billion in a 1 gigawatt data centre unit in India

Dr Reddy's enters hormone replacement therapy segment with $32 mn buy

The acquisition strengthens Dr Reddy's gynaecology portfolio and marks a strategic entry into the hormone replacement therapy segment, the drug firm stated

Bharat Petroleum, HPCL Mittal buy Venezuelan oil amid crude sourcing shift

The crude was bought in two separate deals and will be co-loaded on a very large crude carrier to cut shipping costs, lifting India's Venezuelan imports to at least 6 million barrels through April

HUL to invest ₹2,000 crore to scale manufacturing for premium categories

HUL will invest up to ₹2,000 crore over two years to expand capacity in premium beauty, wellbeing and home care liquids, aiming to enhance supply-chain agility and future readiness

Nissan targets 100k exports in FY27 as part of renewed India growth plan

Nissan aims for 100,000 exports and 100,000 domestic sales in FY27 as it launches three new locally built models and leverages India's FTAs to strengthen its global supply base

BharatGen unveils Param2 17B multilingual MoE model under sovereign AI push

BharatGen has introduced Param2, a 17-billion-parameter multilingual MoE model optimised for Indic languages, strengthening India's sovereign AI capabilities and digital mission

Higher new well gas output seen as key positive for ONGC despite weak Q3

ONGC's Q3 was weighed down by lower crude realisations, but improved gas realisations, rising new well gas share and upcoming projects may bolster medium-term production

SAIL moves court after CCI flags suspected cartelisation in steel industry

SAIL has sought detailed findings from the CCI after the regulator indicated suspicion of cartelisation among major steelmakers, prompting the PSU to initiate legal steps

Microsoft on track to invest $50 billion by end of decade, says Brad Smith

Microsoft president Brad Smith said the firm is on pace to invest $50 billion by 2030 to build AI infrastructure, skills and access across the Global South, with India a key focus

FedEx to invest ₹2,500 cr in automated cargo hub at Navi Mumbai airport

The investment will support a proposed 300,000 square feet facility designed as a regional consolidation and redistribution hub and developed in partnership with Adani Airport Holdings (AAHL)

Rising temperatures to drive 30% growth in Mother Dairy's summer sales

He said, innovation and product localisation are at the heart of our summer plans across both ice cream and fresh dairy portfolios

Central Park unveils ₹1,200-cr luxury project Belanova along Sohna Road

Central Park will invest ₹1,200 crore in its new ultra-luxury Belanova project in Gurugram, targeting sales of up to ₹3,000 crore with phased pricing and strong early demand

Case filed against Blinkit for selling knives beyond legal blade size

Objects up to a maximum blade length of 7.62 cm and a width of 1.72 cm are allowed as per the rules; anything more than that is illegal

L&T, Nvidia to set up gigawatt-scale AI data centre infrastructure in India

L&T said that the partnership will work on developing AI-ready data centre infrastructure to support large-scale workloads across sectors such as manufacturing and infrastructure

MakeMyTrip partners with OpenAI to improve AI-led travel bookings

MakeMyTrip will use OpenAI's APIs (application programming interfaces) to power new artificial intelligence features in its app

French major Valeo plans to invest $236.7 million to expand sales in India

Valeo said it would be investing more than $236.7 million in the coming years to expand its presence in India

Makemytrip ties up with OpenAI, to use APIs for new app features

Online travel major MakeMyTrip will integrate OpenAI's APIs into its GenAI assistant Myra to convert conversational travel queries into personalised, bookable options

Adani's APSEZ, French port Marseille Fos sign pact to boost connectivity

The initial pact proposes the creation of an IMEC Ports Club to enhance coordination among key ports along the IMEC route and reinforce connectivity between India and the European Union

Nestle CEO, management under pressure as infant formula crisis adds to woes

The tainted infant-milk mess, triggered by a contaminated ingredient, came as the world's biggest food company was already struggling to revive its shares from their multi-year lows

2026 will be year of brand resurgence for Nissan in India, says MD

The company, which currently sells just one model Magnite in the country, on Tuesday launched its second offering -- the seven-seater MPV Gravite