New Delhi, May 3 (PTI) IT security startup Traceable AI on Tuesday said it raised USD 60 million, about Rs 460 crore, in a funding round led by Institutional Venture Partners. This new funding values Traceable AI at more than USD 450 million, the company said in a statement. Tiger Global Management and existing investors [...]
New Delhi, May 3 (PTI) Tata Steel will complete the acquisition of Neelachal Ispat Nigam Limited (NINL) by the end of the current quarter, its CEO and MD T V Narendran said on Tuesday. The acquisition of NINL is critical for Tata Steel to build a dedicated long products complex. On January 31, Tata Steel [...]
New Delhi, May 3 (PTI) Union power minister R K Singh on Tuesday urged German energy firms to invest in India as the country has emerged as the most attractive destination for investment in renewable energy sector. "Union Minister for Power and New & Renewable Energy R K Singh held a virtual round-table meeting today [...]
Copenhagen, May 3 (PTI) Invoking popular social media expression FOMO (fear of missing out) during his Denmark visit, Prime Minister Narendra Modi on Tuesday said those not investing in India will certainly miss out. Addressing the India-Denmark Business Forum, Modi said ongoing economic reforms have created investment opportunities in various sectors like green technology, cold [...]
Adani Enterprises Ltd (AEL) on Tuesday reported a marginal 2 per cent decline in consolidated profit after tax (PAT) to Rs 325.76 crore for the quarter ended on March 31, 2022, on the back of higher expenses. The company had posted a consolidated PAT of Rs 332.53 crore in the year-ago period, Adani Enterprises said [...]
Copenhagen, May 3 (PTI) India and Denmark on Tuesday agreed to further strengthen the Green Strategic Partnership with a focus on green hydrogen, renewable energy and wastewater management. “During our discussions, we reviewed the joint work plan for the green strategic partnership. I am happy that significant progress has been made in various fields, especially [...]
New Delhi, May 3 (PTI) Driven by the early arrival of summer and intense heat wave, residential air conditioner makers are looking forward to a record sales of around 90 lakh units this year, said Consumer Electronics and Appliances Manufacturers Association on Tuesday. Already, in April the industry has clocked the sale of around 17.5 [...]
Tata Steel on Tuesday posted a 37 per cent jump in consolidated net profit at Rs 9,835.12 crore for the quarter ended March 2022, mainly on account of higher income. The steel major had reported a net profit of Rs 7,161.91 crore in the year-ago quarter, it said in a BSE filing. During January-March 2022, [...]
Copenhagen, May 3 (PTI) Invoking popular social media expression FOMO (fear of missing out) during his Denmark visit, Prime Minister Narendra Modi on Tuesday said those not investing in India will certainly miss out. Addressing the India-Denmark Business Forum, Modi said ongoing economic reforms have created investment opportunities in various sectors like green technology, cold [...]
