Lower share of freshers in IT workforce will rise in the AI age: R Srikrishna, CEO, Hexaware
The IT industry appears to be a challenging field for freshers to enter in the age of AI, with companies increasingly relying on lateral hires as they battle AI related…
Biocon arm gets supplemental USFDA approval for autoimmune disease drug
Biocon Ltd on Tuesday said its subsidiary has received supplemental approval from the US health regulator for Yesintek prefilled autoinjector.Yesintek is indicated for the treatment of moderate-to-severe plaque psoriasis and…
Godrej Ind to enter pvt credit space, aims to raise ₹2,000 crore in AIF
Godrej Industries Group (GIG) on Tuesday announced an entry into the private credit space, targeting to raise up to ₹2,000 crore in maiden alternate investment fund (AIF).In an announcement that…
Tata Sons AGM adjourned due to lack of quorum
Lack of quorum led to the adjournment of a scheduled annual general meeting of Tata Sons, the holding company of the $180-billion conglomerate, on Tuesday, sources said.The inability of Sir…
Colgate plans to step up ad spend as premium toothpaste business grows 6X market
Colgate-Palmolive India plans to step up advertising from already elevated levels as it seeks to accelerate premium toothpaste growth, with management saying the business is expanding at about six times…
NIVEA targets Gen Z with science-backed glow range
NIVEA India has launched its Luminous Even Glow skincare range, fronted by actors Parul Gulati, Reem Shaikh, and influencer Niki Mehra. The campaign, announced on August 17, positions the brand…
Amit Metaliks targets faster completion of ₹4,000-crore Bengal steel project; eyes jobs for local youth
Amit Metaliks Ltd is targeting completion of its ₹4,000-crore greenfield integrated steel plant in West Bengal within 1,000 days, while exploring ways to fast-track the project to 800 days, as…
NIS Management net up 35% in Q1 on better margin
NIS Management, a leading integrated services platform specialising in security, facility management, electronic security, and skill development, has reported that its net profit in the June quarter was up 35…
Inox Clean Energy completes ₹6,000-crore acquisition of GIP’s Vena Energy India
Inox Clean Energy on Tuesday said it has completed the acquisition of BlackRock-owned GIP's Vena Energy India Holdings Pte Ltd, Vena Group's India renewable energy platform, for a total transaction…
Elgi’s new 3-lakh-sq-ft automated global fulfilment centre to go live in September
Coimbatore-based global air compressor maker Elgi Equipments is all set to go live with a new large global fulfilment centre by the middle of September this year. The centre will…
