Samsung is witnessing a rapid surge in the demand for its AI-enabled appliances across India. The company has announced a strategic ambition to derive 70% of its home appliance revenue from smart AI appliances by the end of 2025, compared to approximately 12% last year. This aggressive target reflects Samsung’s confidence in the Indian market’s…
Elon Musk’s artificial intelligence startup xAI has successfully raised $5 billion in its latest funding round, with Morgan Stanley, the lead banker on the transaction, describing the deal as “massively oversubscribed.” This fundraising marks a crucial step for xAI as it accelerates its plans to compete with global AI leaders like OpenAI, Google DeepMind, Anthropic,…
Sambhav Steel Pipes Limited, a prominent manufacturer of steel pipes in India, is reportedly planning a substantial capacity expansion in the upcoming quarters, backed by its strengthened balance sheet post-listing. The company, which recently debuted on the NSE SME platform with an impressive listing premium, now aims to invest strategically to augment its production capabilities…
In a significant development in India’s mining and steel sector consolidation, Lloyds Metals and Energy Ltd (LMEL) has acquired nearly 80% stake in Thriveni Earthmovers Private Limited (TEPL), one of India’s largest mining services companies. The acquisition marks a major strategic step to expand Lloyds’ integrated mining-to-steel operations and strengthen raw material security amid rising…
India’s leading car manufacturer Maruti Suzuki India Limited (MSIL) reported a robust performance in June 2025, recording total sales of 1,68,000 units, including domestic and export markets. The highlight of the month was the highest-ever exports in its history, reflecting strong international demand despite global market volatility. June 2025 Sales Highlights Detailed Segment-Wise Sales Performance…
In a powerful statement reflecting the current tech transformation era, NxtGen Infinite Datacenter’s CEO and Founder A.S. Rajgopal has revealed that the company’s AI business is expected to generate more revenue in 2025 alone than its cumulative cloud business revenues over the last 13 years. The Bengaluru-based digital infrastructure and AI solutions provider is witnessing…
In a major boost to its growth trajectory, TVS Motor Company reported its highest-ever quarterly sales of 12.77 lakh units in Q1 FY26, signalling strong demand recovery across segments. The company’s June 2025 sales rose 20% year-on-year, driven by robust performance in both domestic and export markets. Key Highlights Of TVS Q1 FY26 Performance Detailed…
Shares of Kalpataru Projects International Ltd (KPIL) surged over 4% intraday on Monday after the company announced that it had secured new orders worth Rs 989 crore across its Transmission & Distribution (T&D) and Buildings & Factories (B&F) business segments. The announcement boosted investor sentiment as analysts see this as a clear indication of strong…
In a landmark administrative reform, the Uttar Pradesh Tax Department has announced the merger of 436 sections into 364, aimed at streamlining operations, rationalising workload, and improving taxpayer services across the state. The move is part of a broader governance restructuring initiative under Chief Minister Yogi Adityanath’s administration to enhance efficiency, transparency, and departmental accountability….
India is on a decisive path to surpass Germany and emerge as the world’s third-largest economy by 2030, Union Petroleum and Natural Gas Minister Hardeep Singh Puri said on Monday, reaffirming the government’s commitment towards economic reforms, digital transformation, and clean energy transition that have accelerated growth in recent years. Speaking at an industry conference…
