Mumbai: Welspun Group’s Saudi associate firm East Pipes Integrated Company (EPIC), has just won a game changing ₹1,165 crore contract to supply highly durable Helical Submerged Arc Welded (HSAW) pipes to the Saudi water authority. This order has to be executed within 6 months, according to a regulatory filing by Welspun. EPIC has maintained its reputation as a supplier meeting deadlines, with its solutions meeting the specifications given. The company has fully integrated production facilities in the Kingdom of Saudi Arabia, where it aims to advance that country’s Vision 2030 goals. HSAW pipes are difficult to manufacture, and are widely…
Author: Abizar Attari
Abizar Attari
I’ve always had a fascination with storytelling. Analyzing diverse perspectives and helping people understanding them simply is my life’s motto. I live to create stories that you’d love to read. When I’m not writing, you'll find me having a leisurely stroll on the beach or in the park.
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Mumbai: Indian banks are now increasingly relying on AI-led tools for Financial Crime Compliance (FCC) especially as the compliance has had to be strengthened due to increasingly sophisticated financial fraud challenges. Banks can no longer rely on traditional compliance tools- manual reviews, threshold-based alerts, given that financial crime has become increasingly complex. The RBI and SEBI are now encouraging the use of ‘responsible AI’ systems to boost FCC operations, given the rising instances of fraud and regulatory scrutiny that makes traditional rule-based systems inadequate, a report by KPMG has said. Financial institutions are now using frameworks like the RBI’s FREE-AI …
Mumbai: After three years of muted revenue growth, the IT industry in India is expected to rebound in 2026, according to a report by HDFC Securities. After reports of mass layoffs due to redundant roles following continued AI-driven automation, India’s IT industry is expected to grow by 7.7% in FY27, going by the deals signed by major IT companies. Over the past six quarters, almost 74% of the deals closed by leading IT companies have been AI related, including generative, agentic and automation services aimed at cutting costs and improving productivity. HCL Tech has been the frontrunner here, securing 139…
Hyderabad: Engineering solutions major Cyient has launched a new Customer Experience Centre (CEC) in Lisbon, Portugal, as the company aims to showcase its innovative smart solutions focused for network modernisation. The newly launched CEC was inaugurated by Mr Puneet Kundal, the Ambassador of India to Portugal, along with Cyient’s MD and CEO, Sukamal Banerjee. The Lisbon centre will allow clients to experience Cyient’s telecom-network planning, design, deployment and analytics capabilities in an immersive environment. The centre enables the hands-on exploration of advanced digital engineering solutions, offering the operators the chance to visualise complex network-modernisation workflows prior to deployment. The new…
Hyderabad: Apollo Micro Systems Limited (AMS) has announced a major greenfield expansion with a ₹1,500 advanced manufacturing facility in Telangana. The announcement, made at the Rising Telangana Summit 2025, comes a week after the company won a licence to manufacture industrial explosives, allowing it to manufacture several advanced equipment for radar systems, navigation systems and more. The company aims to set up this new greenfield facility to manufacture warheads for missiles, rocket motors and a full range of small, medium and large calibre artillery systems and ammunition. This advanced production footprint will allow it to meet the government’s preferences for…
Mumbai: India’s second-largest mutual fund house, ICICI Prudential AMC, is all set to go public with its IPO slated to open on December 12, one of the last high-profile IPOs for the year. This is a pure Offer For Sale (OFS) IPO, where UK-based insurer Prudential Corporation is looking to offload 10% of its stake in the company. The company had filed its papers in July this year, and is all set to join the IPO bandwagon. ICICI Prudential is one of India’s oldest Asset Management Companies, with the company set up in 1998 as a joint venture between ICICI…
Los Angeles: The entertainment industry is all set to consolidate even further with Netflix agreeing to buy Warner Bros Discovery’s film and streaming business for about $72 billion in a deal that could include HBO, Warner Bros studios, DC Entertainment, and Warner Bros streaming assets under the ever-expanding Netflix brand. This is a golden opportunity Netflix cannot miss, as it includes adding HBO’s 128 million subscribers to its growing 300 million-strong base in the highly competitive streaming business. But the deal isn’t finalised yet, despite Netflix’s higher bid of $28 per share as against the other contender, Larry Ellison-backed Paramount’s…
Rohan Khanduja doesn’t give entrepreneur vibes. His calm, quiet demenour has helped him reach the heights of success, even though that becomes a drawback sometimes,” Entrepreneurship doesn’t always have to be loud; sometimes it’s about quietly building systems, products, and trust that speak louder than your personality,” he explains, and as Kunal Bahl noted, a ‘Soft Rocket’ entrepreneur who has the intensity and drive to succeed, but isn’t taken seriously sometimes due to his soft spoken demeanour. Rohan has proved how this works. Addressing an unmet need As an avid adventure traveller, Rohan recognised the gap in the market —a…
Mumbai: Fineotex Chemical Limited (FCL), a specialty chemicals manufacturer, has announced the acquisition of US-based CrudeChem Technology through its US-based subsidiary. This move allows the company to expand its portfolio in the global oil and gas sector. CrudeChem Technologies Group (CCT) is well-known for its environmentally responsible, ESG-compliant solutions for the oil and gas industry. Through its three world-class technical laboratories in Texas, the company brings a robust foundation of scientific depth and operational strength. The company has a diversified presence across verticals, serving textile, water treatment, home care and oil and gas sectors. This acquisition will add to its…
New Delhi: Despite US President Donald Trump’s unreasonable tariffs for India, it seems acche din have arrived for Indians, considering the rare, once-in-a-decade deflation witnessed since October. The Reserve Bank of India’s Monetary Policy Committee (MPC) has decided to cut the repo rate from 5.5 percent to 5.25 percent following its meeting on December 5. Besides this, the MPC has also lowered the Standard Deposit Facility (SDF) to 5% and Marginal Standing Facility (MSF) to 5.5%, making it cheaper for banks to lend more, and helping boost consumption in the economy. The MPC has also decided to conduct forex swaps…
