Author: Punit Panchal

New Delhi: Leading power transmission player Sterlite Power announced on Thursday that it would raise Rs 725 crore for its global products and services (GPS) business from GEF Capital Partners and ENAM Holdings. Sterlite hived off its GPS business in October this year, which marks the first fundraiser for the new business. The GPS business currently has an open order book of Rs 6,612 crore. The company said it has secured orders worth Rs 2,715 crore during H1FY25. Pratik Agarwal, managing director, of Sterlite Power Transmission Limited said, the fund would be a catalyst for the planned Rs 400 crore…

New Delhi: Sam Altman-led OpenAI, the San Francsico-based creator of ChatGPT, has launched Sora Turbo, a new and faster version of Sora, the company’s text-to-video artificial intelligence (AI) model which it previewed in February. OpenAI has developed new interfaces to make it easier for users to prompt Sora Turbo with text, images, and videos. People will be able to generate videos up to 1080p resolution and with a maximum duration of 20 seconds. The Remix feature will allow you to replace, remove, or re-imagine elements in your clips, while the Re-cut option will let you find and isolate the best frames,…

New Delhi: The Abu Dhabi launch is part of Uber’s border push to expand its presence in the autonomous vehicle market. The company already operates self-driving ride services in the US and plans to increase its partnerships with tech firms specialized in this field. Uber is bringing a slice of the future to Abu Dhabi with plans to roll out a robotaxi service. The ride-hailing company has teamed up with Chinese autonomous vehicle developer WeRide to offer self-driving car rides in the UAE capital. This new service will be available in specific areas, making it easier for passengers to move…

Introduction: MakeMyTrip Limited is an Indian online travel company founded in 2000. Its Headquarters are located in Gurugam, Haryana. The company provides travel services like airline tickets, domestic and international holiday packages, hotel reservations, and rail and bus tickets. As of June 2023, the company has 146 active franchisees operating in over 100 cities and international offices in New York, Singapore, Kuala Lumpur, Phuket, Bangkok, Dubai, and Istanbul. In September 2019, Trip.com the largest online travel agency in China and one of the largest travel service providers across the world, completed a share exchange with Naspers and became the single…

New Delhi: Recently, Air India unveiled another giant step: ordering 100 more Airbus planes! Those include 10 A350 wide-body jets for long, international travel and 90 single-aisle A320 Family planes for those shorter hops. It all emerged last December 9, 2024. As a matter of fact, the order added on to what was already going to happen; last year Air India had ordered 40 A350s and 210 A320 Family planes. And that total Airbus order for Air India now stands at 344 planes, six of which are already flying. Natarajan Chandrasekaran, Chairman of Tata Sons and Air India, explains why…

New Delhi: Recently, Swiggy’s IPO report has been trending in India due to its share price and its market competition. While their plan remains unclear, looking at past news, the IPO is trending, and Swiggy’s market shares are in focus. The stock closed nearly 8% lower on Thursday. On the listing day, Swiggy shares ended the trading session at ₹454 on NSE, nearly a 17 percent premium over the IPO price of ₹390, and at ₹455.95 on BSE, a 16.9 percent premium. Swiggy’s ₹11,300-crore IPO was subscribed 3.59 times, primarily driven by interest from institutional investors. The shares were listed…

New Delhi: In India, day by day, the technology field becomes bigger and bigger for daily base users of technology and maintaining a record of mobile phones in the market. Techno has unveiled two new foldable smartphones, the Phantom V Fold 2 and Phantom V Flip 2 in India, both devices are set to be available later this month, with sales beginning on December 13, via Amazon. The company has introduced these models at introductory prices, which may be subjected to limited-time bank offers. The Techno Phantom V Fold 2 5G, priced from Rs 79,999 offers a book-style foldable display…

New Delhi: Neha Narkhede was born in Pune, India and now she has become one of the most successful self-made women entrepreneurs globally. Naha was raised in Pune, Maharashtra where her father instilled in her a love for learning by gifting her books of iconic personalities like Indira Gandhi, Kiran Bedi, and Indra Nooyi, these stories inspired her to dream big. After completing her education at the Georgia Institute of Technology, Neha has worked with tech giants like LinkedIn and Oracle. Her experience in these roles led her to a gap in data streaming, which became the foundation of her…

New Delhi: Over the weekend, Elon Musk’s AI startup, xAI, raised $6 billion in a venture funding round, bringing the OpenAI competitor’s private market valuation to a whopping $24 billion. xAI’s fundraising round, Series B, is the largest in the history of venture capital, dwarfing Zynga’s previous record of $300 million. xAI was officially launched in July 2023, and this startup is the 12th most valuable startup in the world. While xAI is still significantly smaller than OpenAI, which is currently valued at $80 billion and has garnered international attention for its rapid strides in AI (the company said this…

New Delhi: L&T Technology Services (LTTS) has bagged a $50 million deal from North American telecommunications and network provider to provide product integration services and secure LTE and 5G private networks across industries for newer business opportunities. The long-term agreement will help mid-sized company LTTS strengthen its telecom segment by using artificial intelligence (AI) and automation, according to a statement from LTTS. “Additionally, the companies aim to offer secure LTE and 5G private networks across industries, unlocking new opportunities and enabling future-ready operations. The partnership will address current market demands while positioning itself for upcoming 5G advancements under 3GPP standards,”…