Tata Consultancy Services (TCS) has won a ₹122.6 crore bid to implement the next phase of the Odisha State Workflow Automation System (OSWAS 3.0), extending its partnership with the Government of Odisha for around six more years. Powered by TCS DigiBOLT, the AI-enabled governance platform will bring workflow automation, system integration, analytics, security and artificial…
Asian Paints has appointed financial sector veteran Leo Puri as chairman-designate, with his term set to begin on January 23, 2027. Puri has also been appointed to the company’s board for a five-year term extending until September 2031 and will succeed R. Seshasayee as chairman. The leadership transition comes as India’s leading paint maker faces…
The Reserve Bank of India (RBI) has imposed a penalty of ₹6.2 lakh on Hinduja Leyland Finance for regulatory compliance violations related to microfinance loan pricing and securitisation of assets. According to the central bank, the company did not have a board-approved policy governing the pricing of its microfinance loans, while its inspection also found…
JSW Energy announced on Friday that its total operational capacity has crossed the 15-gigawatt (GW) milestone, reaching 15,025 megawatts (MW), with renewable energy sources accounting for a dominant 60 per cent share of the portfolio. According to a regulatory exchange filing by the company, green energy assets comprise 9,067 MW of its total operational footprint—consisting…
Swiggy’s premium concierge platform, Crew, has entered the travel segment, introducing AI-supported travel assistance for its paid members and invited travellers. Launched last year following a pilot programme, Crew has expanded its presence to Bengaluru, Mumbai and the National Capital Region of Delhi. The platform initially offered a range of personalised services, including restaurant reservations,…
Hyundai Motor India MD and CEO Tarun Garg has called for a consistent, long-term policy framework to help India expand its automotive capabilities and accelerate the development of advanced technologies and components. Addressing the 66th Annual Session of the Automotive Component Manufacturers Association of India (ACMA) on Wednesday, Garg urged the industry to move beyond…
Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Industries Limited, has entered India’s competitive ice-cream market with its Bombay Creamery brand. The new range includes cones, cups, tubs, bars and sticks, with prices starting at ₹10, making the products accessible to a wide range of consumers. The ice-cream products will initially be launched…
Hyderabad-based AIG Hospitals has announced an investment of ₹2,000 crore over the next five years to build a greenfield 1,000-bed multispecialty hospital at Endada in Visakhapatnam. The expansion will be executed across two phases, starting with an initial 650-bed phase targeted for completion by October 2028, followed by a second phase adding 350 beds to…
The United Forum of IDBI Officers and Employees has urged the Standing Committee on Finance to thoroughly examine the valuation methodology for the proposed divestment of IDBI Bank, arguing that the bank’s value extends beyond its quoted equity. In its representation to the parliamentary panel, the Forum highlighted IDBI’s nationwide branch network, deposit base, customer…
Tata Power Co., one of India’s largest private power producers, has lost its legal challenge in the Singapore International Commercial Court against a $490 million arbitration award stemming from a breach of contract involving a Russian coal asset. According to the court order, the tribunal dismissed Tata Power’s challenge regarding the quantum of damages awarded…
