The promoters of Faridabad-based Norisys Technology Pvt Ltd, a premium electrical switches and accessories maker, have engaged Alvarez & Marsal to explore a potential stake sale, according to two people…
Category: Companies
Mint Explainer | Vedanta F&O contracts expire today ahead of demerger. What happens next?
Billionaire Anil Agarwal-led Vedanta Ltd is undergoing a major restructuring, splitting itself into five independent listed companies: Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Iron & Steel, and…
Maruti Suzuki to invest ₹14,000 cr in FY27 on capacity expansion
Country’s largest passenger vehicle manufacturer, Maruti Suzuki India (MSIL), on Tuesday said that it will invest ₹14,000 crore in the current financial year (FY27) to add 5 lakh more capacity…
L&T eyes scale-up of industrial electronics business from Coimbatore campus by next year
As Larsen & Toubro (L&T) forays into the industrial electronics segment and sets up a new business vertical, L&T Electronic Products & Systems (LTEPS), the engineering major is set to…
Sahi raises $33 million at over 3x valuation
Broking firm Sahi has raised about $33 million in a funding round led by venture capital firm Accel Global, more than tripling its valuation to about $200 million, the company’s…
AI on the shopfloor: India Inc’s next frontier in the upskilling playbook
AI training for India Inc. is moving beyond the office. While the focus has been on white-collar artificial intelligence training programmes so far, initiatives to upskill blue-collar shopfloor workers are…
Neo Alternative announces first close of ₹5,000 crore second infra income fund, targets ₹1 trillion platform
MUMBAI: Neo Alternative Asset Managers has reached the first close for its ₹5,000 crore infrastructure income fund, as it doubles down on operating road and renewable assets backed by long-term…
Infosys secures largest GCC deal
BENAGLURU: Infosys Ltd has won a contract worth upwards of $500 million from US-based Truist Financial Corp. to set up and run a global capability centre (GCC) in Hyderabad, making…
Elon Musk vs Sam Altman Day 2: Tesla boss testifies he founded OpenAI as nonprofit to counter Google
Elon Musk testified in a federal courtroom in Oakland, California, on Tuesday, telling a jury that he conceived, named and funded OpenAI on the explicit understanding that it would never…
Elon Musk wanted keys to kingdom, OpenAI lawyer says at trial
By Deepa Seetharaman and Kenrick Cai OAKLAND, California, – A high-stakes trial over the future of OpenAI got underway on Tuesday, with lawyers disputing whether Elon Musk was committed to…