Browsing: Media

Describing it as a significant step forward in strengthening the country’s aerospace manufacturing capabilities and supporting global supply chains, Dassault Aviation said the facility represented a vital investment in India’s aerospace infrastructure

The move comes just days after the Supreme Court directed that INSCO’s resolution plan in the HNGIL insolvency matter can be considered only if valid CCI approval existed as of October 28, 2022.

The government has relaxed land area regulations for Special Economic Zones (SEZs) dedicated to manufacturing semiconductors or electronic components, reducing the required contiguous land area from 50 to 10 hectares. This move aims to boost domestic production of essential electronic components, including display modules, batteries, and printed circuit boards.

Three-pronged AI strategy focuses on AI security, Vertical Fintech Expertise, and Full-stack AI platform support
First fintech clients begin official integration in June 2025 in Southeast Asia and South Asia

Pune: The state Criminal Investigation Department (CID) introduced an Artificial Intelligence (AI)-based data measurement system on Wednesday at the Pashan headquarters of Pune rural police selected for the pilot project.

This merger, expected to close in the second half of 2025, will create the world’s largest integrated communications group, generating approximately $26 billion in annual revenue. In India, the combined entity will become the second-largest ad and marketing communications firm.

The Competition Commission of India (CCI) has approved Warburg Pincus’ proposal to acquire a 10% stake in IDFC First Bank through its arm, Currant Sea Investments BV. Additionally, CCI has cleared Omnicom Group Inc.’s acquisition of The Interpublic Group of Companies, Inc., where IPG will become a wholly-owned subsidiary of Omnicom following the merger.

The proposal, which was sent to the finance ministry last month, suggests lending in rupees to non-residents can begin in neighbouring countries such as Bangladesh, Bhutan, Nepal and Sri Lanka, the sources said

Ahmedabad is emerging as a significant spacetech hub in India, fueled by startups founded by former ISRO engineers. These ventures, including SatLeo Labs and PierSight, have collectively raised $5.3 million, attracting substantial initial investments. Their innovations in thermal imaging, SAR technology, and satellite propulsion are poised to revolutionize commercial space applications, supported by a conducive ecosystem and IN-SPACE.

Pepperfry has secured Rs 43.3 crore in funding from existing investors like Norwest Venture Partners and Goldman Sachs. This infusion follows a previous $23 million round in 2022. While revenue declined in FY24, the company has narrowed its losses and postponed its IPO plans, focusing on growth and profitability amidst competition from major ecommerce players.