Reinforcing India's growing contribution to the global AI landscape, seven leading Indian organisations on Wednesday joined the AI Alliance — a global community dedicated to advancing safe and responsible AI through open innovation. The seven organisations include AI4Bharat (IIT Madras), IIT Jodhpur, Infosys, KissanAI, People+AI, Sarvam AI, and Wadhwani AI. The companies are joined by … Read more
The"RE-Invest 2024" summit, organised by the Ministry of New and Renewable Energy, concluded here on Wednesday. The event, in which over 200 companies participated, witnessed the signing of MoUs worth Rs 59,000 crore for 94,460 MW pumped hydropower projects. The summit focused on the crucial role of renewable energy in combating global warming and climate … Read more
Homegrown gaming and sports media company Nazara Technologies on Wednesday said it has raised Rs 900 crore as preferential equity issue to boost its growth trajectory. The capital infusion will fuel strategic acquisitions, fund business expansion, and enhance the company’s ability to seize new growth opportunities, it said in a statement. Nazara also acquired an … Read more
Indian equity indices closed in the red on Wednesday as investors were cautious ahead of the US Federal Reserve monetary policy decision later in the day on Wednesday. At closing, Sensex was down 131 points or 0.16 per cent at 82,948 and Nifty was down 41 points or 0.16 per cent at 25,377. Intraday, Sensex … Read more
Black Box, a global leader in digital infrastructure and a key Essar technology investment, is set to significantly enhance its presence in India. In an interview with IANS, Sanjeev Verma, Whole Time Director of Black Box Ltd, detailed the company's ambitious expansion plans. The Bangalore Center of Excellence, which has already doubled its workforce from … Read more
Hiring for niche qualifications such as chartered accountant (CA) and chartered financial analyst (CFA) continues to see growth in India as companies take a cautious approach to campus hiring, a report showed on Wednesday. Hiring volume for CAs and CFAs increased by 47 per cent in the fiscal year 2024, followed by interns at 46 … Read more
From high-speed rail projects to widespread electrification, investments worth Rs 17.4 lakh crore between fiscals 2016 and 2025 are helping modernise Indian Railways and reinforce it as a key driver of India’s progress to a high-income economy, a Crisil report said on Wednesday. Indian Railways has had a transformative journey over the past decade, marked … Read more
India’s mobile phone manufacturing in value has risen to Rs 4.1 lakh crore in India in the last 10 years due to strategic government policy measures like product-linked initiative (PLI) and phased-manufacturing programme (PMP) schemes, a report showed on Wednesday. The electronics sector experienced rapid growth and local production nearly doubled from $48 billion in … Read more
Over 15 million kirana stores in India, long relied on fragmented, traditional trade-distribution models, are embracing digital innovation through eB2B (ecommerce-led business to business) platforms, fuelling rapid growth and operational efficiency in the sector, a report said on Wednesday. India’s private consumption is growing rapidly, with a compound annual growth rate (CAGR) of 10.4 per … Read more
GR Infraprojects is currently trading at Rs. 1647.05, up by 6.30 points or 0.38% from its previous closing of Rs. 1640.75 on the BSE. The scrip opened at Rs. 1620.00 and has touched a high and low of Rs. 1652.00 and Rs. 1607.25 respectively. So far 1751 shares were traded on the counter. The BSE … Read more