Larsen & Toubro is betting big on automation, robotics and technology-led solutions to scale up construction activities as increasing manpower alone may not be a viable option for growth, a…
Category: Companies
Rajesh Exports founder denies fund diversion in ACC Energy, says SEBI misread accounting entries
Rajesh Exports Chairman Rajesh Mehta on Tuesday denied any fund diversion in its subsidiary ACC Energy and promoter-controlled Elest Ltd, saying SEBI has not understood the accounting entries, even as…
Vedanta readies $5.2 billion refinancing after rating upgrades
Billionaire Anil Agarwal’s Vedanta Resources Ltd. is set to refinance $5.2 billion of US dollar bonds and loans, according to people familiar with the matter, as it seeks to lower…
GSK in talks to buy cancer biotech Nuvalent for more than $9 billion
UK pharmaceutical group GSK is in talks to buy cancer drugmaker Nuvalent for more than $9 billion, the Financial Times reported on Monday, citing people familiar with the matter. Here…
Adani Group to acquire NIIF-EESL smart-metering joint venture IntelliSmart for ₹3,050 crore
Power transmission and distribution company Adani Energy Solutions Ltd is poised to acquire IntelliSmart Infrastructure Pvt. Ltd, the smart-metering joint venture between the National Investment and Infrastructure Fund (NIIF) and…
Chandrasekaran says TCS has seen the worst; AI to reshape workforce
BENGALURU: Tata Consultancy Services Ltd (TCS) has seen the worst of its recent slowdown and expects artificial intelligence to drive its next phase of growth, chairman N Chandrasekaran said Tuesday,…
Rajiv Bajaj to step down from Bajaj Finserv board, will not seek re-election at 2026 AGM
Bajaj Finserv Ltd. announced on Tuesday that its non-executive director Rajiv Bajaj will step down from the company’s board, citing additional responsibilities at Bajaj Auto, where he serves as managing…
SBI steps in with $1-billion funding for Sun Pharma’s Organon deal
State Bank of India (SBI) plans to join a group of global lenders in funding Sun Pharmaceutical Industries Ltd.’s $12 billion overseas acquisition, according to people familiar with the matter.…
Adani Energy Solutions to acquire IntelliSmart for ₹3050 cr; to become India’s largest smart-metering entity
Adani Energy Solutions Ltd (AESL) has signed a binding agreement to acquire IntelliSmart Infrastructure Pvt Ltd in a ₹3,050-crore transaction that will cement its position as the country’s largest smart…
N Chandrasekaran says TCS will have as many AI agents as employees in 3 years
Tata Consultancy Services (TCS) Chairman N Chandrasekaran has predicted that the company could have as many AI agents as human employees within the next three years. Chandrasekaran, however, did say…