Lincoln Pharmaceuticals has reported that its net profit in the March quarter was flat at ₹12 crore on the back of strong demand. Income was up 13 per cent at…
Category: Companies
AI cost scrutiny: investors warn startups that sloppy usage of models can escalate costs, hurt product monetization
Investors are starting to scrutinize how AI startups optimize the cost of using models offered by OpenAI, Anthropic or Google, considering it an indicator of founder discipline and warning that…
Beyond the Carton: Inside Tetra Pak’s India Expansion
The carton made Tetra Pak a familiar name in India. Since their entry into India four decades ago, the company has expanded into food processing, equipment manufacturing, services, automation &…
Adisoft Tech net profit up 79% on robust demand
, an industrial digital automation company specialising in automated assembly lines and robotic work cells, has reported that its net profit in the second half of this fiscal was up…
Waaree Energies said to hire banks for $700 million share sale
Indian solar panel maker Waaree Energies Ltd. is preparing to raise as much as $700 million through a share sale to institutional investors as soon as July, subject to market…
Supreme Court sets aside Sebi ₹447 crore disgorgement order in Reliance Petroleum derivatives case
NEW DELHI/MUMBAI: In a relief for Reliance Industries Ltd (RIL), the Supreme Court on Friday set aside the market regulator Securities and Exchange Board of India’s (Sebi) ₹447.27-crore disgorgement order…
Ferrari CEO defends ₹5.4 crore price tag for Luce EV after backlash: ‘Nothing to do with Chinese…’
Ferrari chief executive Benedetto Vigna has defended the ₹5.4 crore price tag on the Luce, the Italian carmaker’s first fully electric vehicle, saying the model has attracted strong interest from…
Maharashtra eyes ice cream global hub status with Magnum’s ₹900-crore bet
Maharashtra Chief Minister Devendra Fadnavis on Thursday welcomed The Magnum Ice Cream Company’s plans to establish major global operations in the state, including a ₹900-crore Pune Global Capability Centre (GCC)…
Tata Capital may part exit as Anderson Diagnostics looks to raise ₹250 crore in a fresh round
Anderson Diagnostics and Labs, backed by Tata Capital Healthcare Fund, has initiated a process to raise about ₹250 crore through a mix of primary and secondary transactions, according to two…
When AI costs spiral: A company accidentally spent $500 million in one month on Claude AI- what went wrong?
An AI consultant has revealed that one of their enterprise clients generated a $500 million bill in a single month after neglecting to set usage limits on employee access to…