Category: Business

Business

SBI to add 600 branches in its network during FY25: Chairman Setty

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SBI to add 600 branches in its network during FY25: Chairman Setty

State Bank of India (SBI) Chairman Challa Sreenivasulu Setty. File | Photo Credit: Nagara Gopal State Bank of India (SBI) is planning to open 600 branches across the country in the current financial year in a bid to tap business opportunities in emerging areas including large residential townships. “We have strong branch expansion plans…this would…

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Kedaara backed Ajax Engineering files for OFS with SEBI

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Kedaara backed Ajax Engineering files for OFS with SEBI

Ajax Engineering Ltd., a concrete equipment manufacturer with a range of concrete equipment, services and solutions across the concrete application value chain has filed the draft red herring prospectus (DRHP) with capital markets regulator SEBI to float an initial public offering (IPO). The company is backed by Kedaara Capital. The IPO of the Bengaluru headquartered…

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Business

Accenture, Nvidia partner to push AI adoption among global enterprises

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Accenture, Nvidia partner to push AI adoption among global enterprises

Accenture introduced a network of hubs with deep engineering skills and the technical capacity for using agentic AI systems to transform large-scale operations. Accenture and NVIDIA on Wednesday announced an expanded partnership, including Accenture’s formation of a new NVIDIA Business Group, to help global enterprises rapidly scale their AI adoption. With generative AI demand driving $3…

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Business

Mankind Pharma gets CCI nod for BSV acquisition

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Mankind Pharma gets CCI nod for BSV acquisition

Mankind Pharma logo. File | Photo Credit: Reuters Mankind Pharma Ltd. said it had obtained regulatory approvals including the approval from the Competition Commission of India for 100% acquisition of Bharat Serums and Vaccines Ltd. (BSV).  “The Proposed Transaction is subject to completion of remaining customary conditions precedent as contemplated in the Share Purchase Agreements,”…

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Business

Rate cut hopes: at least one new MPC member a dove

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Rate cut hopes: at least one new MPC member a dove

Of the three new external members appointed by the government on Tuesday to the Reserve Bank of India’s Monetary Policy Committee (MPC), at least one of them, Saugata Bhattacharya, former Axis Bank chief economist, is a dove who had strongly argued for interest rate cuts in mid-August, Nomura Securities economists said on Wednesday.  Nomura economists…

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Business

Air India cabin crew complain that airline’s new policy on shared hotel rooms will impact their rest requirements

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Air India cabin crew complain that airline’s new policy on shared hotel rooms will impact their rest requirements

Image used for representative purpose only. | Photo Credit: V. Sudershan Air India’s recent announcement that most of its cabin crew must share hotel rooms during layovers has sparked concern over their need for rest and privacy, especially during long-haul flights. In a mail to its cabin crew on Tuesday (October 1, 2024), the airline…

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Business

Adani merges two green energy subsidiaries with Adani New Industries

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Adani merges two green energy subsidiaries with Adani New Industries

Adani Group building. File | Photo Credit: Vijay Soneji Adani Group has merged two step-down subsidiaries with green hydrogen and wind turbine manufacturing firm Adani New Industries Ltd. (ANIL), according to a stock exchange filing on Wednesday (October 2, 2024). “Adani Infrastructure Private Limited and Mundra Solar Technology Limited stand amalgamated with Adani New Industries…

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Adani merges two green energy subsidiaries with Adani New Industries

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Adani merges two green energy subsidiaries with Adani New Industries

Adani Group building. File | Photo Credit: Vijay Soneji Adani Group has merged two step-down subsidiaries with green hydrogen and wind turbine manufacturing firm Adani New Industries Ltd. (ANIL), according to a stock exchange filing on Wednesday (October 2, 2024). “Adani Infrastructure Private Limited and Mundra Solar Technology Limited stand amalgamated with Adani New Industries…

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Business

Vistara experience will remain post-merger; Vistara flight services to have ‘AI2’ prefix: Air India

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Vistara experience will remain post-merger; Vistara flight services to have ‘AI2’ prefix: Air India

Vistara Airbus A320 passenger aircraft. File | Photo Credit: Reuters On Wednesday (October 2, 2024), Air India said flights operated with Vistara aircraft will have numbers starting with the prefix ‘AI2’ after the merger next month while Vistara’s planes, crew and service will continue to operate as before. The Tata Group-owned full-service carrier also emphasised…

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