A bribery investigation by the Central Bureau of Investigation has put a spotlight on drone technology company Asteria Aerospace, a little-known unit of billionaire Mukesh Ambani’s Reliance Industries. The CBI…
Category: Companies
West Asia war sends international operations of Indian carriers into tailspin, Air India Express worst affected
India’s international air travel fell to a four-year low in March as the West Asia conflict disrupted key routes, with Air India Express emerging as the worst-hit among local carriers.…
Ralph Lauren, Lanvin double down on India luxury market growth amid global slowdown
BENGALURU: Even as global luxury demand shows signs of cooling, international brands are accelerating their India playbooks, betting the country’s still-nascent but fast-evolving luxury market will deliver long-term growth. Ralph…
Warburg Pincus-backed PDG is said to tap Goldman for stake sale
Asian data center operator Princeton Digital Group has tapped Goldman Sachs Group Inc. to work on a strategic review that may result in a stake sale, according to people familiar…
L&T enters the B2B industrial electronics space with manufacturing in Coimbatore
Infrastructure major L&T has entered the B2B industrial electronics space with the commencement of industrial electronics manufacturing at its Coimbatore campus in Tamil Nadu, the company said on Friday. The…
Dr Reddy’s gets DINs for semaglutide from Health Canada
Dr Reddy’s Laboratories has received the Drug Identification Numbers (DINs) for Semaglutide Injection from Health Canada as part of the consideration for its approval. “We continue to engage constructively with…
Musk sounds cautious tone on robotaxis amid slower-than-expected rollout
* Musk adopts more cautious tone on robotaxi rollout, citing safety and technical issues * Analysts note delays and slower-than-expected progress for Tesla’s autonomous vehicle ambitions * Most analysts signal…
Mahindra-backed Classic Legends revs up premium bike push with new launches
New Delhi: Motorcycle manufacturer Classic Legends Private Ltd is betting on new products to sustain its recent growth momentum after years of muted sales, as it seeks to challenge the…
Meta, Microsoft Look to Trim Workforces Amid Heavy AI Spending
(Bloomberg) — Meta Platforms Inc. and Microsoft Corp. have both taken drastic actions to trim their workforces in an effort to streamline their operations and offset heavy spending on artificial…
Reliance Enterprise Intelligence appoints Parminder Singh as Chief Executive Officer
Reliance Intelligence and Facebook joint venture, Reliance Enterprise Intelligence Ltd (REIL), has appointed Parminder Singh as its Chief Executive Officer with immediate effect, the company said on Thursday. Reliance Intelligence…