The Burman Group announced on February 20 that it has taken control of Religare Enterprises Limited (REL) and has been officially designated as its promoter. The Burman Group emphasised that its immediate priority is to ensure stability, enhance governance, and drive sustainable growth within the company. “Governance, trust, and integrity will remain at the core
Bharat Electronics (BEL) on Thursday announced that it has signed a contract with the Ministry of Defence for supply of Software Defined Radios (SDR) and Data Communication Terminals (DCT) for Indian Coast Guard. The order is valued at Rs 1034 crore (excluding taxes), it said in a regulatory filing. BEL elaborated, “The state of the
The Adani Group stocks are seeing steady upmove on some positive news flow about the company. As per the recent data shared by the company, its portfolio Trailing-twelve-month (TTM) EBITDA is up 10.1% YoY to Rs 86,789 crore. According to the statement from the Adani Group, the highlights of the Q3FY25 performance included that the
The proposed 25% US tariff on semiconductors is expected to have significant implications for the semiconductor industry globally. The India Electronics and Semiconductor Association ( IESA), which is spearheading India’s semiconductor and electronics manufacturing industry growth, sees limited impact for India at the moment but says the move could put a big strain on US-
As Moscow and Washington discuss how to end the war in Ukraine, one of the many questions on investors’ minds is whether the corporate exodus from Russia in opposition to the February 2022 invasion of its neighbour may be reversed. As long as broad Western sanctions on Russia remain in place, that looks unlikely, but
Mumbai-based Mahindra Group and US-based Anduril Industries on Wednesday announced a strategic partnership aimed at co-developing and co-producing autonomous maritime systems, advanced artificial intelligence-enabled counter unmanned aerial system (CUAS) technologies and command and control (C2) software. The collaboration seeks to strengthen regional security by deploying next-generation autonomous solutions and enhancing capabilities for maritime operations. The
Media company Prime Focus this week announced that one of its units, Brahma, would acquire London-based AI content firm Metaphysic in a deal valued at $1.43 billion. Brahma is part of DNEG, a visual effects and animation firm, which was acquired by Prime Focus in 2014. In a conversation with Viveat Susan Pinto, Prime Focus
Tata Communications, through its partnership with artificial intelligence solutions developer CoRover.ai, will build on the proposition of Sovereign AI to expand its B2B digital solutions business. The partnership will use Tata Communications’ Sovereign Cloud and digital infrastructure and CoRover.ai’s conversational AI and generative AI solutions for government departments and enterprises across different functions. Sovereign AI
The Indian IT services sector is likely to face challenges in FY26 due to increasing regulatory and economic uncertainties linked to the policies of the US administration under the presidency of Donald Trump. Analysts believe that pauses in IT budgets by corporate clients, combined with these uncertainties, could delay the industry’s recovery. The proposed tariffs
Flipkart Internet, the marketplace arm of Walmart-owned e-commerce major Flipkart, has received Rs 3,249 crore from its parent entity based in Singapore. The board at Flipkart has issued 470,773 equity shares at an issue price of Rs 69,014.7 each on a right issue basis to raise Rs 3,249 crore from Flipkart Marketplace Private Limited (Singapore)
By Amit Chadha For decades, India was the nerve centre of IT services, revolutionising how businesses worldwide operate. But over the past few years, a new wave of transformation has been underway — one that redefines India’s position on the global innovation map. Engineering R&D (ER&D) is becoming the backbone of India’s growth story, driving
Large sections of Indian industry, including sectors that are seen to be relatively more vulnerable to the reciprocal tariffs by the US, appeared largely unperturbed on Wednesday ahead of the Donald Trump’s administration’s imminent disruptive move. Several key industries that have high interest in the lucrative US markets, including electronics, pharmaceuticals, auto parts, and gems
A day after declining by over 1.5% due to nervousness over US President Donald Trump’s looming reciprocal tariffs, Indian stock markets put up a brave face on Wednesday, with benchmark indices bouncing back and erasing over half the losses incurred earlier in the week. The rupee, on the other hand, closed a little weak, depreciating
