Recently, the Ministry of Electronics and Information Technology (MeitY) disclosed a detailed breakdown of the RS 10,372 crore financial outlay for India’s AI mission. MediaNama’s discussion began with a debate on the 44% allocation (Rs 4,563.36 crore) for compute capacity, with some arguing...
During the same period, its outstanding borrowings stood at Rs 3.63 lakh crore of which 63 per cent are domestic bonds and USD7.2 billion are in overseas currencies primarily in dollars and euros. Of the total disbursals, 78 per cent are to the conventional sector and almost 10 p...
New Delhi: Domestic steel and power producer JSPL on Monday announced that it has made a prepayment of Rs 2,462 crore to its term lenders. The prepayment of debt is in continuation of the company’s long stated financial strategy of debt reduction and building a robust balance sheet with o...
Jindal Aluminium, the largest aluminum extrusion company in India, is considering investing Rs 150 crore to increase its production capacity of aluminum extrusions and rolled products by nearly 50% over two years.The company’s current capacity of aluminum extrusions is 125,000 tons/year and that ...
Inviting functions from Indian non-income on how they would use expertise to tackle issues in India and all over the world, Google stated, “four submissions judged to be one of the best will every receive Rs. Three crore and technical the aid ofGoogle to assistmake their challenge a realit...
Q2FY25 Revenue at Rs 624 Crore, down 8% YoY Business Performance During the quarter, the Company obtained approvals in the U.S. for Sacubitril + Valsartan tablets used in the treatment of chronic heart failure, and for Daptomycin for injection to treat bacterial infections. Approvals were ...
IHCL announced a strategic partnership with Singapore’s sovereign wealth fund, GIC, for an investment platform to the tune of Rs. 4,000 crores or USD 600 million over a period of 3 years to acquire operational hotels in India In keeping with our strategy to be future ready and commitment...
FY24 Revenue crosses USD 1 Billion; up 58% at Rs 8,824 Crore Q4FY24 Revenue at Rs 2,358 Crore, up 12% YoY Served ~5.5 million patients(MAT March 2024 basis)## ##12-month moving annual patient population (April 2023 to March 2024) ...
Nexez will introduce products across 10 categories in the current financial year and to begin with, will roll out products spanning 5 categories including Headphone, Earphone, Bluetooth Speaker, Power Bank and USB cable and Charger. The company is eyeing revenues of Rs 100 Crore in the next...
Piramal Enterprises, promoted by Ajay Piramal, today proposed to acquire 9.99% stake in NBFC firm Shriram City Union Finance for about Rs 790 crore.Piramal Enterprises has agreed to acquire 65.8 lakh shares for cash on preferential basis at a price of Rs