Mumbai: Balu Forge Industries has announced the commencement of empty shells for the defence forces from its new automated facility in Belgaum, Karnataka. The production line has been developed in partnership with Japanese robotics leader FANUC Robotics, and is designed for near-total automation, with an annual output of 3,60,000 shells. The new line uses automated robotic machining and handling systems, reducing the reliance on manual labour and enhancing precision in its manufacturing processes. The entire forging line has achieved near 100% automation in collaboration with FANUC Robotics, making it one of India’s most advanced manufacturing facilities. Over 18 machinery manufacturers…
Author: Abizar Attari
Abizar Attari
Abizar has been writing before AI started to take over your lives! His expertise lies in analysing diverse perspectives and simplifying them for laymen. Beyond writing, storytelling and editing, he enjoys running, learning and enjoying the outdoors.
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Washington, DC: The world’s eyes are on Jerome Powell as he is widely expected to declare another rate cut following the Federal Open Market Committee (FOMC) meeting of the United States Federal Reserve (US Fed) on December 10. At its October meeting, the US central bank cut interest rates by 25 basis points (bps) after evaluating economic data and prevailing US economic conditions. For Fed Reserve Chair Jerome Powell, this could be a particularly challenging decision as an increase in interest rates could eventually affect the US labour market, which is already reeling with 4.4% unemployment as per the latest…
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…
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…
