Amazon chief Andy Jassy meets PM Modi, announces $13-bn investment to expand AI, cloud infrastructure
Amazon plans to invest an additional $13 billion in India, raising its total planned investment in the country to $48 billion by 2030, Global CEO Andy Jassy announced on Thursday…
Vikram Solar says NCLAT stays insolvency proceedings against company
The National Company Law Appellate Tribunal (NCLAT) has stayed the insolvency proceedings against Vikram Solar till the next date of hearing, the company said in a regulatory filing.The company did…
India set to approve $370-million Geely-backed investment as China ties thaw
India is set to approve a roughly $370-million investment from Horse Powertrain Ltd., a hybrid-engine venture backed by China’s Zhejiang Geely Holding Group Co., that would mark one of the…
JSW Green Mobility makes strategic investment in Lithium Urban Tech
Lithium Urban Technologies, a leading integrated enterprise mobility platform, today announced a strategic investment from JSW Green Mobility.The company has built an integrated mobility platform spanning electric fleets, charging infrastructure,…
Servotech’s 60 kW and 120 kW EV chargers earn BEE’s Top 5-Star efficiency rating
Servotech Renewable Power System Ltd announced that its 60 kW and 120 kW DC fast EV chargers have received the 5-star rating from the Bureau of Energy Efficiency (BEE) under…
Sony Pictures invests $100 million in giant screen start-up Cosm
Sony Pictures Entertainment is investing $100 million in Cosm, an operator of large-screen theatres that show films and sporting events.Ravi Ahuja, chief executive officer of Sony Pictures, will join Cosm’s…
No Respite for Tata Sons as RBI tightens NBFC-UL norms, listing pressure mounts
The RBI’s latest amendments to the Scale-Based Regulation framework have effectively shut the door on any regulatory relief for Tata Sons, reinforcing the requirement for the holding company to transition…
SIAM withdraws E20 fuel quality letter, says findings need further technical validation
The Society of Indian Automobile Manufacturers (SIAM) has withdrawn a letter sent to the Ministry of Petroleum and Natural Gas that had raised concerns over quality and its alleged impact…
Maruti Suzuki profit falls for second straight quarter despite strong sales
New Delhi: Maruti Suzuki India Ltd’s profit fell for a second consecutive quarter in April-June as soaring commodity and logistics costs triggered by the West Asia conflict eroded margins, overshadowing…
Govt may include electric two-, three-wheelers in cybersecurity rules after battery-draining apps trigger concerns
NEW DELHI: The government may include electric two-wheelers and electric three-wheelers in its upcoming vehicle cybersecurity rules in light of recent instances of Bluetooth-based apps being used to drain the…
