News

Aditya Birla Real Estate Ltd (ABREL) has divested its Pulp and Paper unit in Lalkuan, Uttarakhand, to ITC Limited for Rs 3,498 crore, marking a strategic shift back to its core focus on real estate. This move is part of a value unlocking strategy and will enable ABREL to pursue growth in its real estate business.

OpenAI is set to release a new open-weight language model with reasoning capabilities in the coming months, marking a shift towards more open AI development and increased transparency and customization for developers and researchers. This move positions OpenAI to compete more effectively with rivals like DeepSeek and Google, who have already embraced open-weight strategies.

OPG Securities and its directors have been slapped with a hefty Rs 5.2 crore fine by the Securities and Exchange Board of India (Sebi) for engaging in unfair trade practices and failing to comply with regulations in the National Stock Exchange (NSE) co-location issue. This penalty comes after the Securities Appellate Tribunal (SAT) confirmed that OPG had gained unauthorized access to the NSE's secondary server, leading...

Lumio, a startup founded by ex-Flipkart and Xiaomi executives, is set to launch its first generation of smart TVs on April 10, 2025, targeting key issues like slow speeds and prolonged load times that frustrate Indian users. The new Lumio Vision models are reported to outperform competitors, showcasing faster app-loading capabilities, reduced frame drops in high-definition playback, and enhanced Wi-Fi performance.

Happiest Minds Technologies, an IT services firm, has unveiled 10 transformation strategies designed to propel the company into its next phase of expansion, including a leadership shakeup, aggressive adoption of generative AI, and a strategic pivot toward SaaS. This ambitious move signals the company's intention to outpace industry growth, even as larger rivals struggle with stagnant performance.