The company acknowledged receipt of official communication regarding the penalty and clarified that the development does not have any material impact on its financials, operations, or overall activities.
Hashtag: #Business
Nissan launches bold black-themed Magnite KURO Special Edition in India
The new edition of the Magnite will be available with both turbo-petrol and naturally aspirated petrol engine options. A special KURO badge is placed under the Magnite branding on the left fender, and the exterior styling includes a Piano Black front grille, resin black front and rear skid plates, gloss black roof rails, black door handles, and boldly styled R16 diamond cut alloy wheels. It also features signature black LED headlamps with Lightsaber turn indicators.
Air New Zealand announces Indian-origin Nikhil Ravishankar as next CEO
Ravishankar holds a Bachelor of Science in Computer Science and a Bachelor of Commerce (Honours) from the University of Auckland. He also serves as an advisor and mentor for the university’s Strategic CIO programme. He is a member of the Auckland University of Technology AUTEUR Influencer Network, a board member of New Zealand Asian Leaders, and an advisory committee member of The Auckland Blues Foundation.
Titan acquires 67 percent stake in Dubai-based Damas jewellery for USD 283 million
The acquisition will be carried out through Titan’s fully owned subsidiary, Titan Holdings International, which has entered into an agreement to buy a 67 percent stake in the holding company of Damas from Qatar-headquartered Mannai Corporation, a publicly listed firm.
Nvidia becomes first public company to cross USD 4 trillion valuation
The milestone reflects the upheaval being unleashed by artificial intelligence, or AI, which is widely viewed as the biggest tectonic shift in technology since Apple co — founder Steve Jobs unveiled the first iPhone 18 years ago.
Report finds only 47 percent of tech firms seeing strong ROI from AI investments
In India, the outlook is especially positive. According to the findings, 81 percent of technology companies in the country are planning to systematically integrate AI into their products and services over the next year. This indicates a shift towards becoming truly intelligent enterprises.
Sting Energy joins Formula 1 as official energy drink partner
The collaboration has already made waves in the world of motorsport, not through a traditional sponsorship rollout, but through a viral and sound-driven moment that captured global attention even before the official reveal.
Myntra expands to Singapore, targets Indian diaspora with Myntra Global
Orders placed on Myntra Global will be shipped from India and delivered in approximately 4 to 7 days, supported by third-party cross-border logistics partners, reports said.
Singapore’s Temasek Holdings seeks approval to acquire stake in India’s Haldiram
Haldiram, known for its wide range of snacks and sweets, had a revenue exceeding INR 12,500 crore (USD 1.45 billion) in FY24. The deal is valued at approximately USD 10 billion, underlining the immense growth potential within India’s packaged food sector.
Amgen unveils USD 200 million innovation site in Hyderabad to boost biotech initiatives
The company plans to invest USD 200 million through 2025, with additional sustained investments planned over the coming years, an official news release stated.
