Author: TI Editor

Electrical equipment maker Schneider Electric is working on the next phase of investments in India and would soon roll out its capital expenditure (capex) plans, a top company official said. In an interview, Deepak Sharma, managing director and chief executive of Schneider Electric India, said that the company is working on manufacturing large-scale stationary batteries in the country in view of the growing demand for storage, and is exploring the right chemistry and technology for the business. The company’s current investment cycle of ₹3,200 crore is in its final phase of implementation with its latest announcement of three new plants…

“Our chief technology officer Devesh Mishra has dropped all his other responsibilities to focus on building SLMs for Physics Wallah,” company founder and chief executive Alakh Pandey told Mint in an interview. The Noida-based company aims to have these SLMs ready by the end of 2026. “The investment is huge and I’m investing blindly. I’m not thinking too hard about it because I don’t want to miss this [AI], because timing here will make a lot of difference,” Pandey said. The company is able to make substantial investments in AI because the rest of Physics Wallah’s projects run “frugally”. SLMs…

Cognizant is one of the few companies seeing a second round of shareholder activism in less than 10 years. Mantle Ridge LP raised its stakes in Cognizant to more than $1 billion, according to the Wall Street Journal. Mantle Ridge has not disclosed its stake in the IT services provider. Considering it started buying in the second half of 2022, Cognizant’s average share price between 1 July 2022 and 7 March 2025 was $79. At this price, the activist shareholder would hold at least 2%, according to Mint’s calculations. Cognizant shares closed at $83.23 on 7 March. Mantle Ridge sees…

At least two of them—Prithvi Raj Tejavath, business head–investments, and Vivek Agarwal, operations platform head–investments—plan to start their own company, said three people familiar with the developments. Aastha Sood, director–products, has also reigned but it wasn’t clear if she will also be a part of the new startup.  “Tejavath and Agarwal plan to build something of their own at the intersection of wealth management and artificial intelligence,” said one of the three people familiar with their plans, adding that Tejavath and Agarwal had begun talks with investors on funding for their new venture. “(Jupiter) is also undergoing a restructuring exercise…

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…

Spotify’s advent in the highly fragmented and legacy label-dominated music market saw questions raised about its premium priced subscriptions and artist-led approach. Paid music subscribers in India were few in number and film music dominated most existing streaming platforms. Six years on, the landscape looks a tad different. Gaana, which was once the market leader, appears to be losing ground—the company’s revenue in FY23, the latest year available on Tofler, declined over 45% to ₹64.9 crore. Apple Music, Amazon Music and YouTube Music are around but within a bouquet of offerings of their parent brands. Currently, Spotify directly competes with…

I have a small patch of land in a village. I’ve given power of attorney of the land to a childhood friend residing in that village as I’m rarely there. I wanted to know if he can sell off the land in my absence. What are some measures that can be implemented or legal aspects that need to be kept in mind pertaining to power of attorney with respect to property matters?– Name withheld on requestAs a fundamental principle of law, no one can transfer a better title than they themselves possess. In this case, your friend, acting under a power…

RPG Enterprises’ Chairman Harsh Goenka, through the social media platform X, applauded Delhi Metro’s initiative to promote fitness by mentioning the calorie count on the staircase, a move to encourage people to walk more instead of taking an escalator. In his post, Harsh Goenka focused on burning calories instead of burning electricity by not taking the escalator when using the Metro to travel. He also highlighted that the escalator queues are longer despite telling people how many calories they are losing, which shows the fitness habits of people in India.“Delhi Metro’s got a clever hack—burn calories, not electricity! Each step tells…

A good credit score holds immense value in India while applying for credit cards and loans. While loan repayment and usage of credit cards form most of your credit scores, people often ask if they will remain creditworthy even if they settle bills such as their mobile bill. How is your mobile bill going to affect your credit score? Is there a relation between the two? This has been elaborated below in detail.Now, to begin, it is important to clearly acknowledge that mobile bills do not directly add to your credit score in India. On-time payment of mobile bills can…

Indian banks have rapidly expanded their credit card operations. Due to this nearly 11 crore outstanding cards are in the system as of early 2025 according to Reserve Bank of India data. This growth is driven by a highly profitable business model that generates strong revenue from interest rate charges, fees, and merchant transactions.Further, banks willingly issue credit cards because they offer a steady stream of income for them, helps in increasing the number of customers and encourages consumer spending. You need to always focus on keeping your credit utilisation ratio in check. Here’s a closer look at how this…