Bengaluru, September 2: IT solutions provider Mphasis Limited has signed an agreement with Japan’s TechnoPro Holdings Inc to bring its flagship product suites- Mphasis Modernize, Mphasis Optimize and Mphasis Tria to Japanese customers. According to the agreement, TechnoPro will introduce Mphasis’ products to its clients across Japan, allowing them to leverage AI that can help modernize legacy environments, optimize business operations and boost enterprise decision-making. Both companies would be driving enterprise transformation using Mphasis’ product suites- Mphasis Modernize for streamlining software development, boosting decision making through Mphasis Modernize and leveraging AI agents for TechnoPro’s engineers through its Mphasis NeoIP and…
Author: 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.
Mumbai, September 1: Established electrical equipment manufacturers Polycab India, KEI Industries, and Havells India’s shares tumbed 6.4% today after UltraTech Cement announced the commencement of production of its wires and cables facility in Jhagadia, Bharuch (Gujarat). The facility comes with an installed annual capacity of 1,098,000 kilometres dedicated to house wires and light-duty cables. With this foray, the Aditya Birla Group company is aiming to emerge into a comprehensive, multi product building solutions firm from just a cement manufacturer. With a capital expenditure of ₹1,800 crore, UltraTech Cement aims to cross-sell its house wires and light-duty cables to its existing…
Mumbai, September 1: Higher education and professional skilling platform upGrad Education has completed the acquisition of rival Unacademy in an all stock deal valued at $200 million. The share swap transaction represents a steep 94% valuation markdown for Unacademy from its peak valuation of $3.44 billion made during the pandemic-era edtech boom in 2021. “We raised at a peak, but sold at a fraction of that,” Unacademy’s CEO Gaurav Munjal said on X. “I’m looking forward to the path ahead, and I am very sure that our shareholders will create immense value from the merger hereon. My heartfelt thanks…
New Delhi, September 1: Prime Minister Narendra Modi hit back at the opposition after government data showed India registering a robust 7.8% Gross Domestic Product (GDP) growth rate in the first quarter of FY27 (Q1 FY27). This figure has surpassed the Reserve Bank of India’s (RBI) forecast of 7.0%, showcasing the economic resilience that came with domestic consumption, manufacturing expansion and strong service sector performance. Hitting back at the opposition, especially Rahul Gandhi, he stated that the country’s progress continues despite the “Jhoot Ki Goonj” (echoes of lies) narrative pushed by opposition leaders, through a selfie-style Instagram reel made in…
Mumbai, September 1: Global brokerage HSBC has downgraded India’s largest private lender, HDFC Bank Limited, to Hold from Buy. With this, the brokerage significantly slashed its price target from ₹990 to ₹830, becoming the first major research house to downgrade the bank after Managing Director & CEO Sashidhar Jagdishan declined reappointment when his term concludes on October 26, 2026. In a research note, HSBC said that the stock’s historial valuation discount is unlikely to reverse even if a new CEO takes the helm. With challenges like sluggish loan growth, margin compression and a low cost deposit base, the new CEO…
Mumbai, September 1: Shares of Sun Pharmaceutical Industries Limited dropped over 2% in early trades on Tuesday after the company committed to offer affordable medicines to the US government’s healthcare programs at an event at the White House earlier in the day. Under the agreement, Sun Pharma joins nine other drugmakers to extend Most-Favored-Nation (MFN) pricing to US state Medicaid programs, ensuring that prices match the lowest rates charged for life saving medications. This will come in exchange of the US’s commitment to delay Section 232 tariffs for innovative pharmaceutical products for over two years, the company said in an…
Chennai, August 31: Value added dairy product manufacturer Milky Mist Dairy Food Limited has posted an 890% year-on-year (YoY) surge in net profit to ₹64.68 crore from ₹6.53 crore as the recently listed company has seen its PAT margins grow from 0.96% in Q1FY26 to 6.64% this time. The company has seen its value-added dairy product range, consisting of curd, yogurt categories and ice creams, see strong growth due to the extended summer, especially across South India. This has also meant strong YoY growth in operational revenue to ₹973.45 crore from ₹678.09 crore, a 43.6% YoY growth. Milky Mist has…
Having evolved from a regional business into a diversified manufacturing company, auto ancillary manufacturer Sumax Engineering now aims to expand its presence in international markets post-IPO. For Sudeep Mehta, Managing Director of Sumax Engineering, the tremendous transformation in India’s automotive sector motivated him to expand into manufacturing. “I wanted to build a business in a sector with strong long-term potential, and automotive manufacturing stood out because India has a large and growing market, a strong engineering talent pool and significant opportunities for innovation,” he says. The company has, over the years expanded its portfolio by developing its own brands and…
After two decades of dominating global manufacturing, China’s status as the ‘factory of the world’ is being reviewed, as manufacturers are looking to employ a ‘China+1’ strategy with an aim to address supply chain risks. With a large consumer base, strong labour force and large pool of engineering talent, India has emerged as one of the leading destinations for global manufacturing capacity. Despite competition from emerging economies, India has managed to secure large investments in technology- intensive manufacturing capacities, strengthened by government incentives, resource availability and market access. Amongst them, these sectors have defined India’s enhanced role in global supply…
Mumbai, August 31: Shares of power equipment manufacturer Transformers & Rectifiers (India) Limited (TARIL) has surged by more than 2% in early morning trades on August 31 after the company announced its maiden nuclear power sector order over the weekend. The company has secured an order from the Nuclear Power Corporation of India Limited (NPCIL) for its nuclear power expansion project in Kaiga, Karnataka to supply generator transformers for its units 5 and 6 project. With this, TARIL’s transformers will play a crucial role in generating 1,400 MW of nuclear power for India’s highly regulated nuclear power supply chain. This…
