Infosys promoters are set to receive a substantial dividend payout of Rs 2,330 crore, driven by their significant 14.6% stake in the company. Nandan Nilekani and NR Narayana Murthy will earn Rs 175 crore and Rs 65 crore respectively, while even the grandchildren of promoters, like Ekagrah Rohan Murty, are benefiting from substantial dividend earnings.
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A recent report indicates that China is emerging as a significant force in the global AI landscape, particularly in non-reasoning models, with DeepSeek V3 0324 leading the way. While the US still dominates in reasoning models, advancements in multimodal AI and cost reductions are accelerating innovation and expanding access to high-performance AI worldwide, intensifying competition among key players.
The Indian femtech sector, after a funding peak in 2021, is now seeing strategic consolidation through acquisitions. IVF Access, a fertility chain, recently acquired Proactive For Her, a digital women's health clinic. This acquisition signals a shift towards integrated platforms offering full-stack clinical care, moving beyond standalone apps to address the entire care journey.
The Mumbai consumer commission has directed Flynas, a Saudi-based budget airline, to compensate a passenger Rs 1.25 lakh for losing her baggage during a trip from Istanbul to Mumbai via Riyadh. The commission criticized the airline's lack of effort in tracing the lost bag and failure to attend the hearing, deeming their conduct as "mala fide negligence."
The IEA cautions that concentrated critical mineral mining could disrupt global supplies and prices, urging diversification. Executive Director Fatih Birol advises India to incentivize electric vehicles to reduce reliance on oil imports, highlighting the economic benefits of EVs. He also lauded India's successful green energy transition, noting the significant shift in investment towards clean energy sources.
IndiGo has solidified its commitment to expanding its long-haul operations by confirming an order for 30 additional Airbus A350 wide-body aircraft. This doubles their initial order, bringing the total to 60 A350s with an option for 40 more.
Tata Sons' board has cleared company secretary Suprakash Mukhopadhyay of any ethical violations after reviewing an internal probe into his ties with Divinion, a family-owned financial firm. While Mukhopadhyay failed to disclose his connection, the board concluded there was no intentional breach of conduct. Concerns arose over potential conflicts of interest, given Divinion's links to current and former Tata employees.
Vedanta Ltd is poised to raise up to Rs 5,000 crore through private placement of secured non-convertible debentures (NCDs). The offering, with staggered maturities, features a coupon of around 9.35%-9.45%, higher than sovereign bond yields. Proceeds will be used for debt repayment and capital expenditure. Anchor investors include prominent mutual funds and insurance companies.
India has exempted Saudi Arabia's Public Investment Fund (PIF) from certain foreign portfolio investment rules to attract long-term capital and strengthen financial ties. This move allows PIF's various arms to invest independently in Indian equity markets, bypassing the previous 10% ownership cap. It aims to boost Saudi Arabia's $100 billion investment plan in India, particularly in energy and infrastructure sectors.