Author: TI Editor

(Bloomberg) — NATO Secretary General Mark Rutte said that increased defense budgets by European governments were the first step in securing the continent and that contractors need to play their part by increasing output.  “We also need to quickly ramp up our defense production,” Rutte said in an interview with German newspaper Welt am Sonntag. “This includes ammunition, ships, tanks, jets, but also satellites and drones. For far too long we have produced far too little.” Europe is undertaking a major rearmament push to deter Russian aggression as President Donald Trump casts doubts over the role of the 32-member North…

“Our work revolves around two key areas—engineering and IT (information technology). Within engineering, we focus on two major pillars: conventional mechanical engineering (chassis, cabin, aerodynamics and computer-aided engineering, or CAE) and software and electronics, which power our trucks and buses,” Raghavendra Vaidya, managing director and chief executive officer (CEO) of DTICI, told Mint in a recent interview. DTICI, according to Vaidya, has been investing in IT infrastructure since its separation from Mercedes-Benz in 2021. It is also using data analytics and AI, and exploring GenAI “not just for the sake of technology, but to solve business problems.” What are software-defined…

Anmol Jaggi and his younger brother Puneet Jaggi pledged an additional 6.23% shares of Gensol between 1 January and 6 March, taking promoter share pledges to about 88%. The solar power plant maker’s shares have plunged 71.4% from their peak last year. This means the lenders who extended money at previous highs are left with shares that are worth far less. “The share pledge has increased primarily on account of additional collateral given to the existing lenders due to a decline in the share price,” said a spokesperson for Gensol. “The amount was on account of loan disbursements and payments…

Travellers to Dubai have long bought gold from the middle-eastern destination as the yellow metal costs less there than in India. Especially for Indians, who not only see gold as a safe haven investment, but buy it heavily for cultural reasons such as weddings, there is always an eye out for cheaper gold.Thus, amid the arrest of Kannada actress Ranya Rao for alleged gold smuggling, we take a look at how much gold you can legally bring from Dubai to India without paying customs duty on it.How Much Gold Can Indians Bring From Dubai?According to the Central Board of Indirect…

Over time, there has been a notable shift toward technology-based innovations. The most significant change has been the influx of applications from deep tech startups in this once-in-two-year programme, said Harsh Mariwala, founder of Marico Innovation Foundation. According to him, based on the applications received this year, artificial intelligence is likely to be an essential game changer in the coming years. After reviewing the 1,200 applications, the foundation selected seven winners, which it believes will significantly impact Indian business and social sectors. “We are trying different ways to create impact. Ultimately, the whole objective to create impact, innovation has to…

Companies News Today Live Updates: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations. Whether you’re an investor, a business professional, or simply interested in the dynamics of various industries, our reports offer a deep dive into the developments that shape the economic landscape. From startups to established giants, we bring you the news that matters to help you make informed decisions in a rapidly…

TORONTO (AP) — Former central banker Mark Carney will become Canada’s next prime minister after a Liberal Party leadership vote in a landslide. Carney is 59. He was born in Fort Smith, Northwest Territories, on March 16, 1965, and raised in Edmonton, Alberta. Credentials Carney ran the Bank of Canada from 2008 to 2013 and the Bank of England from 2013 to 2020. After helping Canada manage the worst impacts of the 2008 financial crisis, he was recruited to become the first non-Brit to run the Bank of England since it was founded in 1694. In 2020, he began serving…

Stakeholders Empowerment Services (SES) and Institutional Investor Advisory Services (IiAS), both based in Mumbai, have put out contrasting notes on Hyundai’s resolutions for dealing with seven related companies. While SES has asked shareholders to vote against 6 out of the 7 resolutions, saying that through the proposed deals, Hyundai Motor India may end up transferring its potential profits to firms linked with its promoters, IiAS did not red flag any proposed deal with the companies, advising shareholders to approve them. The remote e-voting on the resolutions started on 12 February and is scheduled to end on 13 March. The result…

The country’s seventh-largest software services provider announced a 13-year contract with Sabre late last Tuesday, valued at $1.56 billion. This translates into $120 million revenue a year for Coforge. This is the largest deal signed by any mid-cap software services provider in the country. While investors’ enthusiasm resulted in Coforge’s stock jumping 8% on Wednesday to close at ₹7,811, doubts persist on Sabre’s ability to service the contract, primarily due to its poor financial health, which was ravaged by the covid-19 pandemic and has yet to recover. “Sabre is yet to recover fully from the hit it suffered during the…

Companies News Today Live Updates: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations. Whether you’re an investor, a business professional, or simply interested in the dynamics of various industries, our reports offer a deep dive into the developments that shape the economic landscape. From startups to established giants, we bring you the news that matters to help you make informed decisions in a rapidly…