MUMBAI: Tata Communications (Tata Com) has acquired 51% of US-based AI solutions provider Commotion for Rs 227 crore (about $26 million) as the broader Tata Group doubles down on AI-enabled businesses.Last month, TCS announced an investment of Rs 9,180 crore to develop AI data centres. Commotion, a three-year-old startup, also has a subsidiary in India.Acquiring…
NEW DELHI: In a significant development in the blockbuster weight loss drug space, Delhi High Court has allowed Dr Reddy’s Labs to manufacture and export semaglutide, ruling that the patent held by Novo Nordisk is prima facie invalid, legal experts told TOI.The move is expected to boost confidence among domestic companies to pursue plans to…
The RBI’s three-day monetary policy committee meeting opens in Mumbai on Wednesday, marking the start of the central bank’s latest policy review. Over the course of the discussions, members of the six-member panel is set to hold discussions on how the central bank should navigate policy, in accordance with the newest growth and inflation readings….
Finance minister Nirmala Sitharaman NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday called for cooperation among tax jurisdictions to deal with digitalisation of economy, emergence of new financial products, and evolving structures of beneficial ownership, while asserting that there was greater tax compliance, and voluntarily, in India in recent years.In her address at the plenary…
NEW DELHI: While asserting that Indian macroeconomic fundamentals are strong and tax cuts will help boost private sector investment, Anant Goenka, the newly elected Ficci president and vice-chairman of the RPG Group, on Tuesday suggested that the Reserve Bank of India should lower interest rates.“The situation is ripe for a rate cut. Inflation was better…
Premiumisation push to help co target faster growth in India, says India chief executive NEW DELHI: India has emerged as the biggest volume-grosser for French spirits giant Pernod Ricard, led by strong sales of local whisky brands, such as Royal Stag, Blenders Pride and 100 Pipers, as well as its premium portfolio of products like…
HSBC has a buy on Dr Reddys Labs with the target price at Rs 1,430. Analysts said that the semaglutide opportunity is intact for Dr Reddy’s in Canada, and it has replied to Health Canada’s queries on its application. GLP-1 drugs class remains the company’s focus segment and it is making progress in long-term drivers…
NEW DELHI: The Supreme Court on Tuesday endorsed an order of Securities Appellate Tribunal that had upheld SEBI’s Rs 30-lakh fine against Reliance Industries (RIL) and its compliance officers for failing to make prompt disclosures on the Rs 43,000-cr Reliance Jio-Facebook deal in 2020 despite it being reported in media.A bench of CJI Surya Kant…
NEW DELHI: The European Union’s decision to allow seafood exports by 102 new Indian entities has helped boost the shipment of prawns and other frozen shrimps to the members of the trading bloc.Exports have increased 55% to $448 million during April-Oct, from $290 million in the corresponding period last year, data available with the commerce…
MUMBAI: The rupee fell to a record low on Tuesday, extending losses driven by the absence of a trade deal with the US that has weakened trade and portfolio inflows and pushed the currency into its fifth straight day of decline.The rupee touched 89.95 during the session before closing at 89.87, down 0.4%. Data from…
