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Custom AI: Tailored intelligence for strategic impact Custom AI will emerge as a transformative force in 2025, allowing organisations to design AI solutions tailored to their specific needs. By leveraging domain-specific data and advanced model customisation, businesses can develop AI applications that address unique challenges — from personalised customer experiences to industry-specific innovations.

shares of Amber Enterprises for Rs 210 crore through an open market transaction. Axis Mutual Fund (MF), Mahindra Manulife MF, Tata AIA Life Insurance and ICICI Prudential Life Insurance were the other entities, who have picked up stakes in Gurugram-based Amber Enterprises through separate block deals on the NSE. As per the data, Goldman Sachs, Citigroup Global Markets, Axis MF, Mahindra Manulife MF, Tata AIA Life Insurance and ICICI Prudential Life Insurance Company collectively purchased 3.45 lakh shares or 1.02 per cent stake in Amber Enterprises.

Piramal Enterprises' board of directors today (Friday, December 20) approved the company's plans to raise up to Rs 2,000 crore via issuance of Non-Convertible Debentures (NCDs) of face value Rs 1,000 each in one or more tranches. The decision was taken in a meeting held today and the company informed about the development after market hours.

Supreme Court on Friday restored China Development Bank, Exim Bank of China, Asset Care and Reconstruction Enterprises and others as financial creditors in the insolvency process of Reliance Infratel Ltd, which is now acquired by Reliance Project & Property Management Services, a subsidiary of Reliance Jio Infocomm. A Bench led by Abhay S Oka struck down a 2022 order of the National Company Law Appellate Tribunal that declassified these four indirect creditors of Reliance Infratel including China Development Bank, etc as financial creditors of the beleaguered telecom company. Reliance Infratel’s resolution professional had earlier admitted claims worth Rs 41,055 crore from 35 financial creditors, including Rs 10,952 crore of China Development Bank and other three creditors.

TeamLease Services on Friday announced that it has acquired stakes in outsourcing services TSR Darashaw and HR Tech software solutions provider Crystal HR and Security Solutions Private (Crystal HR) for Rs 42.6 crore. TeamLease Services has acquired 100 stakes in TSR Darashaw for Rs 17.6 crore, while it bought 30 per cent stakes in Crystal HR for Rs 25 crore, a company spokesperson told PTI. «Our acquisition of TSR Darashaw's payroll processing business and Crystal HR provides crucial infrastructure for our vision of becoming India's largest Human Capital Management (HCM) service provider.

Qila said it will expand into the US markets by introducing advanced web3 solutions such as blockchain and tokenization, that serves foundational aspects of the technology, ensuring transparent and traceable systems across sectors. It aligns with the core philosophy of Qila that helps enterprises to build trust and enhance their value proposition for customers. “We are undertaking pilot projects and are in talks with different strategic partners based out of the US. Our Web3 private cloud is up and running which offers robust data security and data localisation for the enterprises. We are planning to participate in many upcoming events to promote the adoption of web3 solutions,” said Siddharth Ugrankar, founder at Qila. Qila’s solutions are cross-sectoral but are focused on particular areas such as increasing transparency and traceability in supply chain, improving data security and interoperability in healthcare, boosting customer engagement through tokenization in retail, facilitating secure credentialing and identity management in education and blockchain authentication against counterfeiting in luxury goods.

electric mobility is a pivotal change in the global effort to combat climate change, particularly given the automobile sector’s significant contribution to Greenhouse Gas (GHG) emissions. As urbanization and pollution escalate, particularly in countries like India, the need for a sustainable shift in the automobile industry is urgent.

Subscribe to enjoy similar stories. NEW DELHI : The Supreme Court on Friday upheld the claims, amounting to more than ₹10,952 crore, of four indirect creditors of Reliance Infratel Ltd, the tower and fibre business of Anil Ambani's telecom company Reliance Communications Ltd (RCom). Reliance Infratel’s total debt exceeds ₹41,055 crore.

Micro and Small Enterprises (CGTMSE) marked a significant milestone by hosting a felicitation of MLIs and MSE Beneficiaries on approving 1 crore guarantees. The event was held at SIDBI Swavalamban Bhavan in the presence of Manoj Mittal, Chairman & Managing Director, SIDBI & Chairman of CGTMSE, Sudatta Mandal, DMD, SIDBI, Manish Sinha, CEO CGTMSE along with guests from State Bank of India, HDFC Bank and Union Bank. The occasion celebrated the achievements of CGTMSE’s commitment to fostering financial inclusion and empowering small businesses. The occasion was graced by the Chairman who felicitated the three Micro and Small Enterprises (MSE) borrowers — Gauri Deepak Samudre proprietor of UNIQUE DIGITAL PRINTING, Meet Yogesh Sanghvi, promoter of KEMKO TITANIUM PRIVATE LIMITED and MVGS Anil Kumar, CFO of HIGHNESS MICROELECTRONICS PVT LTD. These borrowers were supported by three leading Member Lending Institutions (MLIs) — Union Bank, State Bank of India and HDFC Bank respectively, whose contributions were instrumental in making this accomplishment possible. Speaking at the event, Mittal emphasized the transformative impact of credit guarantees on the MSE ecosystem, enabling businesses to access funding without collateral, third party guarantee and achieve sustainable growth. Anindya Sunder Paul, CGM, State Bank of India, Sanjay D'Souza, Group Head, HDFC Bank and G K Sudhakar, Rao, GM MSME, Union Bank also shared insights on strengthening the MSE sector and nurturing entrepreneurship through collaborative efforts.

The NSE Nifty index was trading 35.46 points down at 23916.25, while BSE Sensex was 174.03 points at 79044.02 at the time of writing this report.

The NSE Nifty index traded 16.4 points up at 23968.1, while BSE Sensex was 16.95 points at 79235.0 as of 11:12AM(IST)on December 20.

Oberoi Realty Ltd.(up 1.07 per cent) and Mahindra Lifespace Developers Ltd.(up 0.22 per cent) were among the top gainers.

SanchiConnect, a deeptech accelerator, in partnership with YourNest Venture Capital, on Thursday, announced an investment of Rs 48 crore for its DeepTech accelerator programme- Velocity Accelerator Program. The seven-month-long program has received 1,280 applications from 23 states and six Union Territories. Out of these, eight startups were selected for their disruptive potential across various sectors such as manufacturing, logistics, agriculture, healthcare, enterprise solutions, and artificial intelligence. The eight selected startups include Induz- which leverages AI tools to automate and unify large-scale enterprise data; LeanWorx which offers cloud-based productivity monitoring systems for the manufacturing sector; Think Metal has developed a compact, cost-effective 3D metal printer that delivers 10x faster production at half the cost; Presage Insights uses advanced AI for predictive analytics to improve decision-making across industries; Superfone is an app-based business phone number platform for SMBs, integrating telephony with business software; and CargoFL which employs AI-powered logistics solutions to optimise supply chains and improve operational efficiency.

Micromax Informatics has inked a joint-venture partnership with Taiwan-based Phison to design and manufacture storage modules, in a bid to boost the country’s electronics component ecosystem. The collaboration will leverage Micromax’s customer relationships within India and Phison’s expertise in NAND storage technology for offerings across enterprise, consumer, embedded, AI, and security applications within India’s burgeoning tech ecosystem and specific agreed-up regions, the two companies said in a joint statement. The joint-venture entity, called MiPhi, will also offer support and RMA services, along with a sales channel to India and other agreed-upon regions.

Subscribe to enjoy similar stories. On 18 December, the Securities and Exchange Board of India (Sebi) approved several key amendments to improve business operations, investor protection, and the efficiency of market participants.

Jaiprakash Power Ventures Ltd.(up 5.78%), NLC India Ltd.(up 2.68%), RattanIndia Power Ltd.(up 2.46%), CESC Ltd.(up 1.43%), Indowind Energy Ltd.(up 0.91%), Karma Energy Ltd.(up 0.36%), Gujarat Industries Power Company Ltd.(up 0.15%), GE Power India Ltd.(up 0.08%) and GE Vernova T&D India Ltd.(up 0.05%) were among the top gainers.

direct benefit transfer, healthcare schemes and grievance redressal for citizens, Parag Jain Nainutia, principal secretary — general administration (information & technology) at the state government, said at the ET Digital Transformation Dialogues panel discussion. “We are collating, collecting data, using the free flow of data within the state government and within the Government of India … Our idea is there should not be any responsibility on the citizen to submit the same document again and again.

There is, however, a hesitation over trust and safety around the use of AI, industry leaders said, and called for light-touch regulation to strike a balance between innovation and ethics. “In 2014, we started on the first wave of AI, which was predictive AI,” said Arundhati Bhattacharya, chairperson and chief executive for India at software firm Salesforce. “But it was not democratised. People who were experts or who

initial public offerings (IPO) of small and medium enterprises, and tweaked the framework for merchant bankers and custodians by raising their minimum net-worth requirements. The board of the capital-markets regulator approved a proposal to limit the offer for sale (OFS) by promoters in small and medium enterprises (SME) IPOs to 20% of an issue size. It also said they cannot sell more than 50% of their holding in an IPO.

Ambuja Cement, Alivus Life, Route Mobile, Aurobindo Pharma, LTIMindtree among others will be in focus due to various news developments. Piramal Enterprises Piramal Enterprises announced that the administrative committee of its board of directors will meet on December 20 to consider public issuance of non-convertible debentures (NCDs).

The PGA Tour is hiring a CEO for the first time