Traditional Diamond Market Under Pressure The diamond industry faces a new reality. The long-held perception of natural diamonds as symbols of love and luxury is challenged by the rise of lab-grown diamonds. These synthetic stones boast similar physical and chemical properties to natural diamonds but at a significantly lower price point. This has caused a …
On June 27, 2024, Coforge Limited, a global company that provides digital services and solutions, received special recognition for outstanding performance in the 2024 UK IT Sourcing Study by Whitelane Research. Coforge was honoured as an ‘Exceptional Performer’ for its overall client satisfaction, showing a 3% improvement. This recognition highlights Coforge’s commitment to delivering excellent …
On June 27, 2024, Datamatics Global Services Limited announced through a stock exchange filing that it has achieved ISO 42001:2023 certification, the world’s first international standard for Artificial Intelligence Management Systems (AIMS), accredited by the Base Quality Score Recalibration (BQSR). This certification places Datamatics among the early global adopters recognised for implementing a comprehensive framework …
According to an exchange filing of 21 June 2024, Inox Green Energy Limited scheduled a Board of Directors meeting on Wednesday, 26 June 2024. The purpose of the meeting was to propose raising funds by way of issuing one or more securities or warrants. The funding is done to raise money for future acquisitions. Outcomes …
To drive growth and investments, IT major Infosys is expanding its engineering services to tap into the Generative AI market. Chairman, Nandan Nilekani, at the 43rd Annual General Meeting, announced that Infosys is currently developing 225 Generative AI programs. The CEO of Infosys at the meeting also exclaimed that in the past year, the company …
Increased Focus on Maritime Security Defence Minister Rajnath Singh, during his visit to the Eastern Naval Command in Visakhapatnam, emphasized India’s focus on bolstering maritime security and enhancing the Navy’s presence in the Indian Ocean Region. This visit highlighted the Indian Navy’s growing strength, driven by expanding shipyards and an increase in aircraft carriers, which …
On June 27, 2024, Route Mobile Ltd informed in a stock exchange filing that Proximus, the holding company of Proximus Opal S.A./ N.V. (Opal), the holding company of Route Mobile Limited, had formally signed a 5-year strategic partnership with Microsoft. This partnership aims to bolster their digital leadership and accelerate innovative offerings for business and …
In a development concerning insider trading allegations, Infosys, India’s second-largest IT services exporter, has reached a settlement with the Securities and Exchange Board of India (SEBI). Details of the Settlement Infosys CEO Salil Parekh has agreed to pay a penalty of ₹25 lakh for failing to implement adequate controls to prevent insider trading within the …
On June 26, 2024, UPL Limited announced through a stock exchange filing that it had received a certificate of incorporation for its new wholly-owned subsidiary, UPL Agri Mauritius Limited. The acquisition of UPL Agri Mauritius Limited falls within related party transactions, as it is a wholly-owned subsidiary of UPL Limited and thus becomes a related …
On June 26, 2024, BLS International FZE, a wholly-owned subsidiary of BLS International Services Limited, incorporated a new overseas wholly-owned subsidiary named BLS International Holding Anonim Şirketi under the Turkish Commercial Code. The newly formed overseas wholly-owned subsidiary, BLS International Holding Anonim Şirketi, has a substantial share capital of 700 million Turkish Liras. This figure …
