Innovations Financial News

As of 11:09 am, the issue had attracted bids for 2,75,03,790 shares, or 47% of the total issue size of 5,82,03,223 shares. The retail portion of the issue was subscribed 1.57 times, while the non-institutional category's subscription rate stood at 37%. The allocation for qualified institutional bidders was booked at 15%.

Subscribe to enjoy similar stories. There are two sides to the software industry. One faces outwards, with whizzy products and services that bring in billions of dollars of revenue for trillion-dollar companies.

Subscribe to enjoy similar stories. Mumbai: Kotak Mahindra's private equity is looking to tap domestic institutional investors (DIIs) for the first time since it launched the alternatives arm two decades ago, a senior company official said. The firm that has so far raised capital only from global investors is again looking at raising a lifesciences fund, this time from local investors.

Subscribe to enjoy similar stories. New Delhi: Semiconductor design company Tessolve, owned by Hero Electronix, has acquired Germany's Dream Chip Technologies for ₹400 crore, in a deal that would enable the Bengaluru-based technology firm design more complex processors and give it a competitive edge. The deal strengthens Tessolve's design capabilities, besides giving it a much better access to European markets.

HCLTech announced this week that it is setting up an artificial intelligence/cloud native lab in Singapore that will be ready next year. Singapore is the fifth country — after the US, UK, Germany and India — where the Noida-based company is setting up such a facility. The announcement comes days after India's second largest software services provider, Infosys, collaborated with University of Cambridge to establish an AI lab in London, adding to over a dozen such centres it has globally.

In a world increasingly focused on holistic wellness, the conversation around sexual health and intimacy is evolving. Gone are the days of relying solely on chemical-based solutions; today, people are turning to natural, plant-based alternatives to enhance not just their sexual health, but their overall well-being. One of the most exciting developments in this space is the rise of aphrodisiacs—natural substances believed to increase sexual desire, improve libido, and foster deeper connections. Leading the charge is ChocolateX, an innovative brand that combines the indulgence of chocolate with powerful, natural aphrodisiac ingredients to create a new wave of intimacy-enhancing wellness products.

Hero MotoCorp Tuesday said it plans to enter Europe and the United Kingdom, starting with its electric vehicle brand Vida from the second half of 2025, as it looks to consolidate its presence in international markets.

Subscribe to enjoy similar stories. Bengaluru: On a quiet Sunday evening, at a small Wakefit showroom in Bengaluru’s bustling Ejipura neighbourhood, near Koramangala, 39-year-old Vinesh walked in to try out mattresses for his family of three. A tech professional, Vinesh sat down multiple times on a king-size ‘orthopaedic’ memory foam mattress in the store that also stocked bed frames, coffee tables, dining tables and three-seater sofas.

Winter is coming! Stay warm and comfortable with our storage water geyser buying guideFor instant hot water, the Activa Amazon 10L geyser delivers powerful performance with a 3000-watt copper heating element. Equipped with comprehensive 4-way safety features, including overheat protection and a pressure release valve, it ensures peace of mind. Its rust-resistant, jointless stainless steel tank prolongs the appliance’s life, and LED indicators display heating status.

Subscribe to enjoy similar stories. There are currently more than 180 sectoral or thematic mutual funds in India, up three times in ten years. Their contribution in this financial year to total net equity inflows has touched nearly 50%, up from about 16% in FY 2022.

Subscribe to enjoy similar stories. XI’AN, China—This should be a shining moment for Longi, one of the biggest makers of solar-power equipment in the world. Longi and a few other Chinese companies dominate the solar business globally.

Swiggy Limited is set to make waves with its Rs 11,000 crore IPO, positioning itself for even bigger growth in food delivery, grocery, and more. ETMarkets got the chance to sit down with Swiggy’s top leaders, Group CEO & MD Sriharsha Majety and CFO Rahul Bothra, to talk about what’s next for the brand, its unique edge in a competitive market, and where the company’s finances are headed. Let’s jump into Swiggy’s Rs 11,000 crore IPO. With everything from food delivery to Instamart, it’s a major offering. So, what’s Swiggy focusing on right now?

AI are being discussed by policymakers the world over. While some like the EU have been early movers in regulating the technology, others are opting to wait and watch. The US, for one, has taken a lighttouch approach to AI regulations so far. India does not have an AI law but it has rolled out the `10K-cr IndiaAI Mission earlier this year. The mission is indicative of India’s approach — to focus on building AI capabilities through computing infrastructure, skills, datasets and support for AI innovators.

Aptech, a pioneer in the non-formal vocational training business in the country, has appointed Atul Jain its new Managing Director and Chief Executive Officer. In his capacity as MD & CEO, Jain will spearhead Aptech’s strategic vision, driving sustainable business growth while fostering innovation and adapting to an ever-evolving market landscape. He will play a pivotal role in shaping the company’s brand and outreach strategies, and work closely with the Board of Directors to oversee the alignment of Aptech’s operations with its mission and values. «Leading Aptech at this critical juncture is both a privilege and a great responsibility, » Jain said in a statement. «My focus will be on empowering our teams, fostering collaboration, and leading the charge towards operational excellence.»

These awards not only honour achievements but also spotlight individuals who have changed the trajectory of industries and economies. They embody the fusion of innovation and leadership at the highest level, with past recipients reading like a Who's Who of global icons: the late Ratan Tata, John Chambers, Kris Gopalakrishnan, Uday Kotak, Indra Nooyi, Azim Premji, and other titans who have left an indelible mark on the world stage. The 2024 honorees—Narayana Murthy, Shantanu Narayen, and Abhinav Asthana—now join these legends.

Rakesh Ravuri, CTO & SVP- Engineering, Publicis Sapient

Mahindra & Mahindra announced on Monday that it will be unveiling two new electric SUVs on November 26, 2024, in Chennai. The new models, named XEV 9e and BE 6e, will make their global debut at the company's «Unlimit India» event. The company noted that these vehicles will be the first models to launch under two new electric sub-brands, XEV and BE, both of which are built on Mahindra's innovative Electric Origin INGLO architecture.

Subscribe to enjoy similar stories. ZURICH—Sneaker brand On first grabbed attention with a sole full of holes. Now it is betting on a shoe that is made with a spray and feels more like a sock.

Subscribe to enjoy similar stories. There is a fundamental difference between financial investment products and other conventional products we consume. Investments have no ‘product’ with a look and feel.

OpenAI is finally taking on Google and Microsoft Bing with the addition of search functionality in ChatGPT. The new search feature is powered by the GPT-4o model and is a more evolved version of the SearchGPT prototype unveiled by the company earlier this year.The ChatGPT search feature is triggered by default based on what the user is searching for.