Author: NNI Editor

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…

Prior to taking over as CEA, Anantha Nageswaran worked as an author, teacher and consultant. He has also been a part-time member of the Economic Advisory Council to the Prime Minister from 2019 to 2021. File | Photo Credit: Bijoy Ghosh The Government on Thursday (February 20, 2025) extended the tenure of Chief Economic Adviser (CEA) V. Anantha Nageswaran for two years till March 2027.Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi approved the tenure of Mr. Nageswaran on a contract basis up to March 31, 2027.With the approval of ACC, the tenure of V. Anantha…

Former cricket team captain M.S. Dhoni during the launch of his app ‘Dhoni’ powered by Single.id, in Mumbai on February 19, 2025. | Photo Credit: PTI Single.ID, a reward systems platform will reward Former Indian cricket captain Mahendra Singh Dhoni’s loyal fans on the ‘DHONI’ app for their purchases with partner retailers, said Enigmatic Smile, a U.K.-based reward technology company.In addition to the rewards on their purchases, fans will also get inside peaks into Dhoni’s life. “Registered users can enjoy exclusive access to never-before-seen videos, personal insights, and behind-the-scenes moments from Dhoni’s life” said Enigmatic Smile in its statement. Also…

Stubborn inflation and President Donald Trump’s hard-line trade policies have rekindled fears of stagflation, a worrying mix of sluggish growth and relentless inflation that haunted the U.S. in the 1970s, even as markets remain upbeat on his pro-growth agenda.The potential return of stagflation, which would pressure a range of assets, has been flagged periodically over the past 50 years but not materialized as a real threat to investor portfolios. While economists and portfolio managers are not ready to say that this time is different, the dreaded scenario has crept back as a key risk for investors in recent weeks, as…