India is stepping up the adoption of battery and alternative fuel-powered train engines as it moves to phase out diesel locomotives on short and medium-distance routes, following the near-complete electrification of its rail network.With just 405 route kilometres (rkm) left to be electrified out of a total 70,117 rkm, officials said the focus of the…
Representative image (AI) HYDERABAD: Energy transition player AM Group (AMG), which is backed by the founders of Greenko Group, plans to set up a 1 GW (gigawatt) high performance AI infrastructure hub in Uttar Pradesh’s Greater Noida region at an investment of $25 billion.The mega project, aimed at setting up a high-performance compute hub to…
Representative image (AI) HYDERABAD: Global fast moving consumer goods (FMCG) giant Unilever is open to the of setting up its global capability centre (GCC) in Hyderabad and top brass of the company held deliberations on the issue with Telangana chief minister A Revanth Reddy at the World Economic Forum (WEF) at Davos.The CM, who is…
Representative image (AI) MUMBAI: A new technology festival, ImagiNxt 2026, will make its debut in Mumbai in May, positioning itself as a cross-sector platform linking India’s startup ecosystem with policymakers, investors and global technology leaders. The two-day event will be held on May 22–23 at the Jio World Centre.Organisers say the idea behind ImagiNxt is…
Netflix has revised its proposed acquisition of Warner Bros. Discovery, shifting to an all-cash transaction valued at USD 27.75 per share. The move aims at simplifying the deal structure and strengthening its position amid rival takeover efforts.The revised offer values Warner Bros. Discovery at an enterprise value of about USD 82.7 billion, including debt and…
MUMBAI: PhonePe has secured go ahead from markets regulator Securities and Exchange Board of India (SEBI) for its initial public offering (IPO), said people aware of the matter. The Walmart-owned company is seeking to raise around Rs 12,000 crore ($1.3 billion) through an offer for sale (OFS). An OFS allows existing company shareholders to offload…
Gold prices surged to fresh record highs on Tuesday as renewed fears of a potential US–EU trade war pushed investors towards safe-haven assets amid rising global uncertainty.The rally followed tariff threats by US President Donald Trump against European nations opposing his Greenland move, triggering risk aversion across global markets. Precious metal extended gains from the…
HYDERABAD: HRV Global Life Sciences (HRV Pharma) entered into a comprehensive, multi-year strategic development partnership with Haleos Labs (formerly SMS LifeSciences Limited) to accelerate the development and GMP manufacturing of orphan-drug and niche-therapeutic active pharmaceutical ingredients (APIs) for regulated and semi-regulated markets.Haleos Labs will bring its WHO-GMP-aligned systems and experience in speciality API production, while…
NEW DELHI: Hospitality major ITC Hotels has reported its highest ever quarterly revenue and profit in October-December 2025 period. While consolidated revenue from operations rose 21% to Rs 1,231 core, profit rose 42% (from same period last fiscal) to Rs 307 crore. ITC Hotels share price closed 2.6% lower at Rs 180.3 on BSE Tuesday…
The Centre has completed the implementation of several major direct tax reforms announced in recent Union Budgets, with an aim to boost investment certainty and reduce the compliance burden for taxpayers. As the presentation of the Union Budget 2026-27 approaches, the ministry of finance shared details of the legislative changes through a post on X.A…
