In a significant advancement in the practical application of artificial intelligence, Perplexity AI has launched a new capability within its cutting-edge AI agent, Comet, allowing users to order food through conversational prompts. CEO Aravind Srinivas unveiled the development in an exclusive statement, asserting that the move will redefine how people interact with commerce platforms using…
In a bold strategic shift signaling a new era for one of the world’s largest semiconductor companies, Intel Corporation has announced the separation of its networking unit as part of a broader overhaul led by its newly appointed Chief Executive Officer, Frank Tan. The move comes amid intensifying global competition in chipmaking and growing investor…
India’s economic engine is expected to continue powering ahead in FY26, with Swiss financial services major UBS projecting a real GDP growth rate of 6.0% to 6.5%, driven primarily by robust domestic demand, ongoing infrastructure push, and a resilient services sector. Despite global headwinds, India’s economic fundamentals remain solid, making it one of the most…
In a significant development that signals a robust shift towards deep-tech manufacturing in India, Thiruvananthapuram-based semiconductor startup Netrasemi has successfully raised ₹107 crore in funding from marquee investors including Zoho Corporation and Unicorn India Ventures. This funding round, among the largest for a fabless semiconductor startup from Kerala, positions Netrasemi at the forefront of India’s…
Bengaluru-based real estate developer Sobha Ltd has posted a stellar performance for the first quarter of FY25, registering a significant growth in its consolidated net profit and revenue. The company reported a net profit of ₹13.61 crore for the April–June quarter, more than double the ₹6.14 crore it earned in the same quarter last year….
India’s private sector economy continued its upward trajectory in July, fueled by a resurgent manufacturing sector that posted its strongest performance in over 17 years. According to the latest survey data, the Manufacturing Purchasing Managers’ Index (PMI) rose sharply, signaling the sector’s robust expansion amid sustained domestic demand, growing output, and new business inflows. The…
The Indian stock market may be heading towards a historic high as brokerage house Ventura Securities has projected the benchmark Sensex to touch 115,836 by FY28, driven by a robust corporate earnings cycle, strong GDP growth outlook, and the sustained thrust on infrastructure, manufacturing, and financial inclusion. This implies a compounded annual growth rate (CAGR)…
Shares of Cigniti Technologies Ltd, a prominent digital assurance and quality engineering services provider, surged into market focus on Friday following a significant institutional investment. Global investment firm Morgan Stanley acquired shares worth ₹26 crore through a block deal, fueling market enthusiasm and raising investor confidence in the company’s mid-to-long-term growth prospects. The transaction, executed…
In a remarkable display of investor enthusiasm, GNG Electronics’ Initial Public Offering (IPO) has witnessed an astonishing subscription of 146 times on the third and final day of bidding. The overwhelming demand signals strong market sentiment toward the electronics manufacturing sector and an aggressive appetite for small and medium enterprise (SME) offerings. The IPO, which…
In a significant stride towards indigenous defence and maritime capability, Bharat Earth Movers Limited (BEML) and Hindustan Shipyard Limited (HSL) have officially joined hands to co-develop and manufacture advanced marine systems. This strategic alliance aims to strengthen India’s self-reliance in maritime defence technologies and aligns with the broader goals of Atmanirbhar Bharat in the defence…
