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
OnEMI Technology, the parent company of digital lending platform Kissht, has grown its assets under management (AUM) by 55% in the financial year 2024-25, to more than Rs 4,200 crore, founder and executive director, Krishnan Vishwanathan, said. In FY24, their AUM had doubled to Rs 2,700 crore. He added that while the overall unsecured loan
Indian IT services sector may face indirect challenges due to the reciprocal tariffs, as analysts highlight potential disruptions in economic growth that could affect technology spending particularly in key verticals such as manufacturing, logistics, and retail. The tariffs are designed to boost American manufacturing but could increase costs for US businesses. This, in turn, could
With a reciprocal tariff rate of 27% imposed by the United States starting April 9, India stands in a favourable position compared to competitors like Vietnam (46%), Thailand (36%), and China (54% – 34% reciprocal plus additional 20% ). However, it will face challenges from manufacturing nations such as Turkey, Brazil, and the Philippines, with
US President Donald Trump’s decision to impose universal reciprocal tariffs on imports has given India’s textile industry—especially apparel exporters—an edge over competitors like Vietnam, Bangladesh, and China, which face even higher tariffs. The Trump administration on Thursday announced a flat 27% tariff on Indian goods with some exemptions. In comparison, India’s main competitors—Vietnam (46% tariff)
The rupee staged a strong comeback on Thursday, strengthening by 7 paise against the dollar after weakening by nearly 25 paise in morning trade. Gains were driven by the view that US tariffs were less severe than feared. The fall in crude oil prices and weakening of the dollar index also helped the rupee rebound.
