Business Insights
The Indian electric mobility sector witnessed a significant development as Ola Electric founder Bhavish Aggarwal sold part of his stake to clear a Rs 260 crore share pledge. This move comes at a crucial time when Ola Electric is preparing for its next phase of expansion, including scaling up production, strengthening its product portfolio, and…
The Uttar Pradesh Real Estate Regulatory Authority (UPRERA) has given its nod to 16 new real estate projects with a combined investment of ₹3,200.16 crore, marking a significant boost to the state’s real estate sector. This approval is expected to accelerate housing development, infrastructure expansion, and commercial growth across key urban centers in Uttar Pradesh….
The global race to dominate artificial intelligence (AI) has reached unprecedented levels, with companies and governments pouring an estimated $1.5 trillion into AI-related investments. However, IBM CEO Arvind Krishna has sounded a cautionary note, warning that despite the massive spending, current AI technologies have only a 0-1% chance of achieving Artificial General Intelligence (AGI) in…
India has emerged as the global leader in Generative AI (GenAI) learning, with a staggering 3.6 million enrollments, the highest worldwide according to a recent report. This milestone underscores India’s rapid adoption of cutting-edge technologies and its growing role in shaping the future of artificial intelligence. The achievement highlights the country’s commitment to building a…
Consumer electronics brand boAt, operated by Imagine Marketing, has come under scrutiny after its statutory auditor B S R & Co LLP flagged multiple financial discrepancies, compliance lapses, and mismatches in the company’s updated Draft Red Herring Prospectus (DRHP). The concerns, raised across FY23, FY24, and FY25, emerge as the company prepares for its second…
India’s largest lender, the State Bank of India (SBI), is set to acquire a 50% stake in a newly formed digital payments intelligence company—Indian Digital Payment Intelligence Corporation (IDPIC)—a not‑for‑profit entity created to combat the rising wave of digital payment frauds across the country. The move follows formal approval from the Reserve Bank of India…
India’s semiconductor ambitions have taken a historic leap forward as Tata Electronics officially partners with Intel to manufacture advanced chips and AI‑powered laptops at two massive semiconductor plants worth $14 billion. The development marks one of the most significant milestones in India’s technology manufacturing journey, positioning the country as a rising force in the global…
The legal battle surrounding the high‑profile Videocon loan scam intensified after the Bombay High Court directed the Enforcement Directorate (ED) to file its reply to a petition submitted by businessman Deepak Kochhar, who is challenging the attachment of his properties in the money‑laundering case linked to the Videocon Group. The court’s directive marks a crucial…
Global private equity major KKR has taken a decisive step toward exiting Avendus Capital, completing the buyout of co‑founder Ranu Vohra’s 6% stake at a valuation of ₹11,500 crore. The deal, signed on December 9, removes the final structural hurdle in KKR’s long‑planned full sale of Avendus, according to reporting. The buyout is widely seen…
In a dramatic development that has sent shockwaves through India’s corporate and financial circles, the Central Bureau of Investigation (CBI) has booked Jai Anmol Ambani, son of industrialist Anil Ambani, in connection with an alleged cheating case involving Rs 228.06 crore. The case, which has drawn widespread attention, underscores the growing scrutiny of high-profile business…
