SC Rejects Sebi's ₹25 Crore Penalty Against Ambani in Share Manipulation Case

Curefoods Secures ₹160 Crore Pre-IPO Investment

Curefoods India has secured ₹160 crore through a pre-IPO placement, allotting approximately 1.3 crore equity shares at ₹124 apiece to 3State Ventures, the investment vehicle led by Flipkart co-founder Binny Bansal. The board of Curefoods approved the share allotment on 10 September, and shareholder ratification followed on 15 September, in line with regulatory disclosure norms. The fresh capital will be integrated into the sizing of its planned public offering under issuers’ capital-raising regulations. Founded by Bengaluru-based entrepreneur Ankit Nagori, Curefoods operates a portfolio of digitally native food brands via cloud kitchens, kiosks, restaurants and central kitchens. As of March 2025, its presence spans over 500 service locations across more than 70 cities, comprising 281 cloud kitchens, 99 kiosks, 122 restaurants and five central kitchens. The company also holds pan-India rights for Krispy Kreme. Curefoods filed its draft red herring prospectus in June 2025, ...

Radisson Debuts Resort in Khopoli, Maharashtra

Radisson Hotel Group has announced the opening of Radisson Resort Khopoli in Maharashtra, marking its latest addition to the state's hospitality sector. The resort is situated in the lush, green forests of Khopoli, offering a tranquil retreat away from hectic city life. It is located within easy reach of Mumbai and Pune, making it an ideal destination for both business and leisure travelers. The resort features 115 rooms and suites, designed to provide guests with a comfortable and relaxing stay. Guests can enjoy authentic Indian cuisine and international flavors at the all-day dining restaurant or unwind at the on-site bar. For those seeking relaxation, the resort offers a spa with various treatments to restore balance and rejuvenate the senses. In addition to its dining and wellness facilities, Radisson Resort Khopoli provides amenities such as an outdoor swimming pool, a modern gym, and well-equipped event spaces suitable for business meetings and social gatherings. Th...

Mahindra SUV Sales Jump by 24% in September Amid Strong Demand

Mahindra & Mahindra continues to dominate India’s SUV market, reporting a significant 24% surge in SUV sales for September 2024. The automotive giant sold 51,062 SUVs during the month, compared to 41,656 units in September 2023, highlighting robust consumer demand across its product lineup. This growth is a part of the company’s broader success, with total vehicle sales—including commercial and passenger categories—rising 16% year-on-year to reach 75,812 units in September. The surge in Mahindra’s SUV sales is primarily driven by high demand for popular models such as the XUV700, Scorpio N, and Bolero, which have consistently been key contributors to the brand’s domestic market performance. According to industry experts, the company's focus on enhancing features and technology in these models, combined with competitive pricing, has helped bolster its standing in an increasingly competitive market. The Scorpio N, in particular, continues to enjoy considerable traction, hav...

Uber Black expansion signals premium push across India

Uber has set out plans to double the size of its Uber Black fleet across India by 2026, sharpening its focus on high-end mobility as demand rises for chauffeur-driven premium cars among business travellers and affluent urban commuters. The expansion is being paired with targeted investments in technology and supply partners, including Carrum, and the rollout of an enhanced Reserve feature designed to lock in advance bookings with greater reliability. The company said the move reflects sustained growth in premium ride-hailing, particularly in large metros where airport transfers, corporate travel and long-duration bookings are increasingly shifting towards higher-priced, service-led offerings. Uber Black, positioned above Uber Premier, operates with luxury sedans and SUVs, professionally trained drivers and stricter service standards, and is seen internally as a strategic lever to improve margins in a cost-sensitive market. Executives familiar with the plan said the fleet expa...

Autolink and Tata Elxsi push SDV shift

Global vehicle manufacturers are moving faster towards software-defined architectures as cost pressures, electrification targets and regulatory demands reshape how cars are designed and updated. Against this backdrop, automotive technology firm Autolink and engineering and digital services provider Tata Elxsi have signed a memorandum of understanding aimed at accelerating the adoption of software-defined vehicles for original equipment manufacturers across key markets. The agreement focuses on combining Autolink’s experience in embedded automotive platforms and system integration with Tata Elxsi’s strengths in software engineering, digital validation and vehicle architecture design. The companies say the collaboration is intended to help global OEMs shorten development cycles, reduce costs and manage the growing complexity associated with SDV programmes, where software increasingly defines vehicle performance, safety features and user experience. Software-defined vehicles rep...

Nvidia and Bharat1 launch AI superpark to elevate global research

Bengaluru is poised to become a significant global centre for artificial intelligence research as Nvidia and Bharat1 AI Research & Innovation City embark on an ambitious project to establish a sprawling AI Superpark in the city’s technology ecosystem. The initiative aims to bring together tens of thousands of researchers, engineers and innovators under one integrated hub designed to accelerate high-performance AI development and commercialisation. The B1 AI Superpark, a 500,000-square-foot facility already operational, will serve as the heart of a broader AI innovation district spanning approximately 70 acres. Once fully developed, the district is projected to encompass nearly four million square feet of research and development space, hosting startups, corporate laboratories, applied research teams and product companies focused on advanced artificial intelligence systems. Nvidia, a leading multinational technology company renowned for its accelerated computing platforms ...

Cleric’s Krishna remarks ignite protests

A viral video of Muslim cleric Maulana Jarjis Ansari claiming that Lord Krishna followed Islam and offered namaz five times daily has triggered protests and demands for his arrest. The footage is said to have been recorded during a religious address in Jharkhand on June 23. It gained wider attention on social media on Thursday as Hindu organisations accused Ansari of deliberately distorting scripture and insulting religious beliefs. Ansari is heard referring to Chapter Six, Verse 10 of the Bhagavad Gita while making his assertion. He tells the gathering that Krishna prayed five times a day and suggests that the verse supports his interpretation of Islamic prayer. The verse cited by Ansari, however, deals with the discipline of meditation. Its widely accepted translations ask a yogi to remain in solitude, control the mind and body, abandon desires and concentrate continuously on the spiritual self. It contains no reference to Islam, namaz or prayers performed five times dail...

Wipro overhauls HR, cuts payroll time by 60% with Oracle cloud

Wipro has migrated its core payroll and recruitment systems to Oracle Cloud Infrastructure, delivering a more than 50 percent uplift in recruitment performance and reducing payroll processing time by 60 percent. Wipro said the shift was enabled via Oracle Base Database Service on OCI, supported by Oracle Interconnect links to Google Cloud for payroll and to Microsoft Azure for recruitment, allowing seamless data flow across its multicloud environment. The company computes that payroll processing time has dropped from over 70 minutes to just 29 minutes. This move forms part of Wipro’s broader strategy to become an AI-first enterprise, optimising internal operations while holding up its promise of digital transformation to clients. The HR overhaul is positioned as more than cost cutting—it is pitched as enabling agility, resilience and talent retention across a workforce numbering over 230,000 in 65 countries. According to Wipro’s vice president and global head of infrastru...

GMR Airports Limited Named Among Most Trusted Companies Globally

GMR Airports Limited has distinguished itself as the only Indian airport operator to be recognized in the prestigious Newsweek's World's Most Trusted Companies survey 2024. This acknowledgment places GMR in an elite group within the Transport, Logistics, and Packaging category, underscoring its commitment to excellence in airport management and operations. The survey, which evaluates companies based on their trustworthiness, included input from a diverse array of stakeholders, including consumers, employees, and industry experts. Trust is assessed through a combination of factors such as the quality of service, corporate transparency, ethical standards, and customer satisfaction. GMR’s consistent focus on these aspects has propelled it to the forefront of the industry, setting a benchmark for competitors. GMR Airports, a part of the GMR Group, operates major airports in India, including the Indira Gandhi International Airport in Delhi and the Rajiv Gandhi Internationa...

Tech giants tighten workplace monitoring as AI spending accelerates

Pressure on productivity is reshaping how the world’s largest technology companies manage their workforces, with employee monitoring expanding in scope and sophistication through 2026 as firms pour billions into artificial intelligence. Tracking software, data-driven performance scoring and stricter return-to-office policies are becoming central tools for executives seeking to justify rising AI capital expenditure while navigating uneven growth and heightened competition. Workplace surveillance in the technology sector is not new, but the intensity and granularity have shifted. Large employers have broadened digital monitoring from basic security logging to continuous analysis of keystrokes, application usage, internal messaging patterns and even physical movement within offices. AI systems are increasingly used to flag “anomalous” behaviour, predict attrition risk and rank productivity at an individual level, often with limited transparency for staff. Amazon has continued to...

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SC Rejects Sebi's ₹25 Crore Penalty Against Ambani in Share Manipulation Case