Page 7 - Company News

Abundant intelligence, skilling to shape AI future: Microsoft India head

Unmetered intelligence, human-supervised 'digital colleagues' and continuous skilling as the key safeguard amid big shifts will shape an AI-rewired future, Puneet Chandok, President, Microsoft India and South Asia has said outlining his top predictions. Microsoft CEO Satya Nadella during his visit to India earlier this month had announced plans to invest USD 17.5 billion here to help build infrastructure and sovereign capabilities for the country's AI-first future - the bold commitment marking the tech giant's largest investment ever in Asia. Chandok said AI has moved beyond hype, delivering real impact today. "...the next phase will be defined by how responsibly, inclusively, and thoughtfully we scale it," Chandok told PTI. His headline predictions for the rearranging world and frontier AI include intelligence moving from being scarce to abundant, with compute increasingly translating directly into cognition for organisations, in an era of "unmetered intelligence". AI 'agents' wi

JM Financial AMC expands AIF platform with ₹1,000 crore real estate fund

JM Financial Asset Management Company is expanding its Alternative Investment Fund (AIF) platform with the launch of Rs 1,000 crore early-stage real estate fund to address the sector's financing gap. "Our objective is to build a comprehensive AIF ecosystem that supports India's next phase of enterprise growth. We are creating strategies that are thematic, real asset-?backed and focused on non-traditional opportunities," JM Financial Asset Management Ltd MD and CEO Amitabh Mohanty told PTI. The AIF platform will offer specialised pools of capital across credit, real estate and pre-IPO opportunities, he said. JM Financial has launched its early-stage real estate (RE) fund, which capitalises on the group's expertise and track record over more than a decade managing real estate credit, he said, adding that the fund aims to bridge the capital gap that traditional lenders are unable to address due to regulatory constraints. The fund aims to raise Rs 1,000 crore, with likely first close o

Cummins India sees strong opportunity from booming data centre market

Power solutions provider Cummins India has said it is seeing a "good opportunity" in data centre business, which is witnessing a significant boom driven AI adoption and data localisation. A part of the US-based Cummins Inc, Cummins India Ltd is involved in the power generation, aftermarket, and export businesses with five manufacturing plants, assembly, and distribution facilities. "Data centres have been a part of our portfolio for a while. We do see growth in data centres coming in India so we have an important role to play," Shveta Arya, Managing Director, Cummins India Ltd told PTI during an interaction. These centres require 99.99 per cent uptime for customers and they have different levels of providing backup power, she said. "They have their own prime power electricity that comes to the grid or a substation then they use gensets for backup, which is very important for their operations to run at a 99.99 per cent uptime. So, we definitely see a play and an opportunity for us a

Keystone Realtors to launch ₹3,000 crore ultra-luxury Mumbai project: CMD

Realty firm Keystone Realtors plans to launch a super luxury residential project in Mumbai next month with a revenue potential of about Rs 3,000 crore, a top company official said. Mumbai-based Keystone Realtors, which sells properties under Rustomjee brand, is one of the leading real estate developers in the country. In an interview with PTI, Keystone Realtors Chairman and Managing Director Boman Irani said the company is very bullish on housing demand and expressed confidence of easily achieving the sales bookings target of Rs 4,000 crore this fiscal year. The company has already sold properties worth Rs 1,839 crore in the first half of 2025-26, up 40 per cent annually. About new launches, Irani said the company is targeting to launch a super luxury residential project at Bandstand, Bandra, in Mumbai next month. "The gross development value (GDV) of this upcoming project will be around Rs 3,000 crore," he said. Irani said the company had given an annual guidance of launching Rs

Avendus Capital founders eye $35 million each after Mizuho Financial deal

The deal shows how finance founders in India are getting rich as the sector's rapid growth attracts a wave of mergers and stock listings

OpenAI talks funding at $750 bn valuation, could raise up to $100 bn

The ChatGPT maker could raise as much as $100 billion, the report said, citing people with knowledge of the discussions

IndiGo top brass to fan out across network with 'rebuilding' message

Before the crisis, the airline operated a total of 2,300 flights per day - about 2,000 domestic and about 300 international

Japan's Mitsubishi UFJ Financial Group looks to buy 20% in Shriram Finance

Shriram group may still stay promoter after $4 bn deal

NCLT approves first stage of Adani Harbour and Adani Ports merger

The companies had approached the tribunal under Sections 230 to 232 of the Companies Act, seeking approval at the initial stage of the merger, with July 1, 2025 proposed as the appointed date

Max to invest over ₹1K cr in 450-bed Pune hospital, eyes West India growth

This will be Max Healthcare's fourth facility in Maharashtra after the 350-bed Nanavati Max Hospital situated in Mumbai and 212-bed Alexis Hospital in Nagpur

Ola Electric promoter Aggarwal sells small stake to clear ₹260 cr loan

Transaction removes all promoter share pledges, company says control and strategy remain unchanged

Maruti Suzuki's WagonR crosses 3.5 million production milestone

The WagonR is currently manufactured at Maruti Suzuki's plants in Gurgaon and Manesar, Haryana

Bharti Airtel appoints Soumen Ray as group chief financial officer

Ray was most recently the finance chief for Bharti Airtel India, a role he held for the last four years

Max Healthcare Institute to invest ₹1K cr in Pune super speciality hospital

Max Healthcare Institute Ltd on Thursday said it will invest over Rs 1,000 crore to set up a 450-bed super speciality hospital in Pune. The facility, situated in Yerawada, Pune, will mark the company's foray into the city and is expected to be commissioned over the next 3 years, Max Healthcare Institute Ltd said in a statement. The hospital will be the company's fourth facility in Western India. The company said its investment involves staggered acquisition of a 100 per cent equity stake in Yerawada Properties Pvt Ltd (YPPL), Pune and further development of the hospital over the course of next three years. "This proposed hospital will bring advanced medical care closer to patients in the region. Our entry into Pune is a strategic milestone for Max Healthcare and aligns with our long-term vision of expanding our presence in key healthcare markets across the country," Max Healthcare Institute Ltd Chairman and Managing Director, Abhay Soi said. Stating that Pune is one of India's ...

Japan's JAPEX buys US tight oil and gas assets in $1.3 billion deal

JAPEX will buy VRIH, which holds assets in Colorado and Wyoming, from Verdad Resources Feeder LLC using a mix of its own funds and debt. The transaction is expected to close by the end of Feb 2026

ASK Private Wealth flags AI-led earnings, FII return as 2026 themes

The report noted that the ongoing AI cycle is structurally different from previous technology booms, as it is being driven by earnings growth rather than valuation expansion

Speciale Invest plans ₹1,400 cr Growth Fund II for India's deep-tech scale

The deep-tech-focused venture firm plans to raise ₹1,400 crore for its second growth fund to back companies from Series A, betting India's ecosystem is shifting from research to execution

RBI norms potentially allow capital infusion into Axis Finance: MD & CEO

Amitabh Chaudhry discusses RBI's new norms, potential capital infusion into Axis Finance, margin pressures, deposit trends, credit growth and regulatory changes shaping Indian banking

India to offer more opportunities for next 500 mn users: Prosus' Sharma

The India head of the Dutch tech investment firm explains why Prosus is betting on India's heterogeneous market and AI-first strategy

Tata Motors' Sierra clocks 70,000 bookings on opening day of sales

Tata Motors said the new-generation Sierra logged 70,000 confirmed bookings in 24 hours, with deliveries set from January 15, 2026, and prices ranging from Rs 11.49 lakh