Author: NNI Editor
COIMBATOREVijayan Srinivasan of Eco Dynaamic in Coimbatore is into the manufacturing of electric three-wheelers for more than a decade and has sold over 4,000 vehicles that are operated within the premises of the buyers. It is only in 2022 that Tamil Nadu came out with a policy for electric three-wheelers and there are a lot of challenges even now in getting approval for commercial sale of e-rickshaws, he says.Manikandan Palanimuthu, Chief Executive Officer of Greenerg Mobility Solutions, is one of the few electric vehicle (EV) startups in Coimbatore that has raised funds and develops displays for electric vehicles. Its additional…
K.T.M. Udayanga Hemapala, Secretary to the Ministry of Energy, Sri Lanka. | Photo Credit: Meera Srinivasan Colombo is not seeking to renegotiate the contentious renewable energy project with Adani Green, a top Sri Lankan official said, a week after the company abruptly pulled out of a wind farm initiative in the island’s Northern Province. Adani Green — which had pledged an investment of $ 442 million in wind power plants in Mannar and Pooneryn — informed Sri Lanka’s Board of Investment [BOI] in a letter dated February 12,2025, that it would “respectfully withdraw” from the project, even as the government…
Thomas Cook, SOTC Travel, Fairfax Digital Services, LTIMindtree and Voicing. AI have collaborated to build a multi-modal, multi-lingual, agentic voice-enabled, GenAI advisor ‘Dhruv‘, touted to be India’s first.‘Dhruv’ would be a combination of the domain expertise of Thomas Cook and SOTC in the travel industry, the technological prowess of LTIMindtree, powered by Voicing.AI, and brought by the global innovation capabilities of Fairfax Digital Services (a Fairfax company).‘Dhruv’, that has the multilingual capability for over 20 languages including Hindi, Marathi, Tamil, Telugu, Spanish, German, Greek and Portuguese among others, is expected to harnesses cutting-edge AI-driven technologies and Large Language Models (LLMs) to…
Fulcrum Digital, which is into enterprise Artificial Intelligence (AI) and digital transformation, said it would scale up its AI ecosystem to 10,000 AI agents this year from the current 170 , to power next-generation enterprise automation globally. As part of its expansion plans, the company said it would double its workforce to 3,000 employees to continue AI innovation and growth. The company, which completed 25 years of operations said AI was soon evolving into Unified Intelligence (UI) and further to Intelligence Amplification (IA) to enhance human decision-making rather than replacing it. The company said it was now setting the stage for the…
Getting a front-end manufacturing foothold in the U.S. appears to be the way out for India’s generic drugmakers in the event of U.S. levying tariff on pharmaceuticals, a top executive of a well-known pharma company has said.“Need to buy a front-end manufacturing [facility] in the U.S. That’s the only way you can go forward,” Natco Pharma’s vice-chairman and CEO Rajeev Nannapaneni said replying to a query around the evolving tariff scenario in the U.S., during an investor call recently. That appears to be the only solution, he said, adding if the tariffs materialise that would have a bearing on the…
Vedanta Ltd. said it had received the approval of shareholders and creditors for the proposed demerger of the company into five sector specific independent companies to harness full potential.The company said in a filing with the exchanges that the proposal was approved by 99.99% shareholders, 99.59% secured creditors, and 99.95% of unsecured creditors.As per the scheme, each shareholder will receive one additional share in each of the four new demerged entities once the process is complete. The companies to be demerged will include Vedanta Aluminium Ltd., Vedanta Oil & Gas Ltd., Vedanta Power Ltd., Vedanta Iron & Steel Ltd. and Vedanta…
A day after the U.S. Securities Exchange Commission (SEC) informed a New York local court that it was pursuing the bribery allegations case against the Adanis, the Adani Group assured that its group companies were on a high capex path and are in good financial health.“Adani Portfolio companies are now on a high capex path, with a strong base of increasing cashflow generation and project execution outlay of respective portfolio companies,” Adani Group said in a statement. “This will position the respective portfolio companies as the global leaders in their respective sectors,” it added.The Adani portfolio of companies for the…
A quality control order for furniture under consideration of India is set to be the next big challenge for Swedish home furnishings major IKEA as it stabilises retail operations after impact of such regulations introduced for toys and steel in recent years. The norms for furniture could be the biggest, IKEA India CEO and CSO Susanne Pulverer said on the likely bearing of the upcoming regulation for the business. Since the standards vary from those elsewhere globally certification of products conforming to the new norms will be necessitated, which sometimes can mean more time. “You need to take care of…
Flipkart Ventures, the investment arm of Flipkart, has chosen five early stage start-ups, Xportel, Factors.ai, Expertia.ai, Bharat Krushi Seva, and Visa2Fly, under the third cohort of its Flipkart Leap Ahead (FLA).Through the FLA programme, these start-ups would receive equity investments up to $5,00,000 each along with a customised mentorship designed by a global consulting firm, said Flipkart Ventures on Thursday.Participants would also gain strategic mentorship and industry expertise from Flipkart leaders across business, product, technology, and finance, enabling them to refine their models and scale efficiently in competitive and dynamic markets, the investment firm said. Since its inception, Flipkart Ventures has…
Tourism Secretary Smita Sabharwal during an interview on Telangana hosting Miss World 2025, in Hyderabad on Thursday. | Photo Credit: NAGARA GOPAL As Telangana prepares to host the 72nd edition of Miss World from May 4 to 31, the event is expected to place the State on the global tourism map. Smita Sabharwal, Principal Secretary of Youth Advancement, Tourism and Culture, in an exclusive interview with Siddharth Kumar Singh shared insights on the significance of the event and its potential to showcase Telangana’s rich heritage and hospitality to the world. How did the conversation begin about Miss World 2025 coming…