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Tuesday, October 22, 2024
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CATEGORY

Company Updates

Persistent Systems unveils AI software development platform; shares slide

In Short:Persistent Systems launched SASVA 2.0, an upgraded AI software development platform that enhances the software lifecycle with both generative and deterministic AI. Key...

Jindal Stainless Struggles with Export Issues Amid Geopolitical Tensions

In Short:The company has reduced its export forecast to 10% of sales, down from last year's 15%. Economic recovery in Europe has stalled, prompting...

After September Surge, India’s Diesel Exports May Slow Due to Costs and Demand

In Short:India's diesel exports surged in September 2024, up 44% month-on-month, due to refinery maintenance in Europe and lower domestic consumption during the monsoon....

Walmart Boosts US Offerings with More Indian Food and Snack Brands

In Short:Walmart is expanding its sourcing of Indian food products in the US, offering snacks and staples for Diwali celebrations. Brands like Britannia and...

Bikaji Foods Acquires Hazelnut Factory to Enter QSR Market Expansion

In Short:Bikaji Foods Retail has acquired a 53% stake in Hazelnut Factory Food Products for ₹131 crore. This investment, aimed at creating a "House...

Qualcomm Identifies Ideal Smartphone Price Range of ₹7,000-10,000

In Short:Qualcomm announced a focus on affordable smartphones priced between ₹7,000 and ₹10,000, collaborating with various manufacturers, including Xiaomi. They launched the Redmi A4...

Licious Reduces FY24 Losses by 44% Despite ₹685 Crore Revenue Drop

In Short:Delightful Gourmet, owner of Licious, cut its losses by 44% to ₹293.77 crore in FY24, despite revenue falling to ₹685.05 crore. The company...

Wockhardt Submits Fast-Acting Insulin to DCGI, Shares Soar

In Short:Wockhardt Limited has submitted its fast-acting insulin, ASPARAPID, for approval in India. Their shares rose by 1.80% today. The insulin will come in...

Dell’s AI Factory: Elevating Enterprise Innovation and Growth, Says Ramesh Jampula

In Short:Ramesh Jampula from Dell Technologies discussed the company’s focus on AI, emphasizing four core themes: integrating AI into products, supporting end-to-end workloads, using...

CERC Urges Stakeholders to Prepare for Seasonal Power Demand Surges

In Short:The Central Electricity Regulatory Commission (CERC) has ordered power operators to create plans for handling sudden increases in electricity demand due to seasonal...

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