30 result(s) for “AI”
L&T Finance has launched the second edition of Pitch Point, an AI startup competition that will select five finalists to pitch at RAISE 26 in Mumbai, offering prize money, proof of concept opportunities with L&T Group companies, and access to its innovation fund.
The GST Council has recommended expanding mandatory e-invoicing to cover reverse charge purchases from unregistered sellers and imports of services for taxpayers with turnover above Rs 5 crore, a change that will force firms to update accounting flows and could improve tax transparency while raising short term compliance costs.
India’s central bank unveiled a package of measures on October 11, 2026 to calm extreme pressure on the rupee, offering direct dollar sales to state oil firms and raising the cost of speculative hedging. Officials say the steps are designed to reduce spot market demand for dollars while limiting one-way derivative bets that have amplified recent weakness.
DailyObjects closed a mixed primary and secondary Series C on October 10, 2026, at about a Rs 1,050 crore valuation. The raise, led by Xponentia, Anicut and Axiom Asia, funds an aggressive offline expansion and deeper product R and D as India’s lifestyle accessories market matures.
The Reserve Bank of India on October 10 announced a dedicated foreign exchange facility for Indian Oil, BPCL and HPCL, along with tighter rules on rupee derivative trading, moves aimed at easing demand for dollars in the open market as the currency traded near record lows.
Persistent Systems announced on October 9, 2026 that its subsidiary secured an overwhelming stake in Nagarro after the offer period ended, taking control of roughly 94 percent of the European digital engineering firm. The deal marks one of the largest overseas acquisitions by an Indian IT company and reshapes market footprints in Europe and North America.
The Indian rupee gained modestly on October 9, 2026 after early intervention by the Reserve Bank of India and a drop in oil prices. Traders said the central bank sold dollars to cap depreciation, a move that should limit imported inflation risks but leaves longer term pressure from global risks and capital outflows unresolved.
The Reserve Bank of India raised the repo rate by 25 basis points to 5.50 percent on October 8, 2026 and changed its policy stance to calibrated tightening. Markets reacted with higher bond yields, a weaker rupee and immediate pass through to retail and corporate lending rates.
Amazon India opened its flagship Great Indian Festival on October 8, 2026, kicking off the country’s busiest retail window. The sale promises deep discounts and bank offers but raises fresh questions about pricing transparency, seller margins, and competition with rival platforms during the critical festive season.
On October 7, 2026 the Reserve Bank of India raised its policy repo rate by 25 basis points to 5.50 percent, its first increase since 2023, and shifted policy stance toward calibrated tightening amid rising inflationary pressures and strong growth.
Jupiter Wagons said its JEM Energy unit has won a 41 MW, 102.5 MWh battery energy storage system contract from Uttarakhand Power Corporation and received a Letter of Award for a 50 MW, 200 MWh project in West Bengal, underlining the companys fast pivot into grid-scale storage and a target of a Rs 1,000 crore BESS order book by FY27.
A wave of new listings on October 5 sent fresh capital into India’s public markets, with Orient Cables registering a blockbuster debut and signaling renewed investor appetite for midcap initial public offerings.
Reliance Industries is advancing plans to take its digital arm public this month. Company roadshows abroad are complete and bankers expect final papers to be filed with the regulator in mid October, setting up what could be India’s biggest-ever listing.
Apple Pay has launched in India via Axis Bank credit cards, prompting new merchant tie ups and fresh debate over how the service will interact with the country’s dominant UPI system. The development could shift consumer card usage and merchant acceptance but will not replace the ubiquity of UPI in the near term.
Bengaluru based Simple Energy closed a large Series C led by the family office of Thyrocare founder Dr A. Velumani, a bet that spotlights manufacturing and after sales execution as the next battleground for India’s electric two wheeler makers.