HCL Technologies (HCL Tech) has entered into collaboration with IBM to establish a Generative AI Center of Excellence (GenAI CoE) based on the IBM watsonx AI and data platform. The CoE, which will be available through HCLTech’s AI and Cloud Native Labs in Noida, London and New Jersey and Santa Clara in the US, will help enterprises modernize legacy applications, develop IT service management (ITSM) use cases, reduce coding complexity, improve skill development on the IBM watsonx platform and enable continuous innovation.
InterGlobe Aviation (IndiGo) has unveiled a new direct flight route connecting Mumbai and Vijayawada. Set to commence from August 16, these daily flights aim to facilitate seamless travel between the capital of Maharashtra, Mumbai, and Andhra Pradesh’s business capital, Vijayawada. With induction of this flight, IndiGo will now operate 130 weekly flights from Vijayawada to 8 cities in India. These new flights will serve as a gateway connecting Western India to Vijayawada, which is one of the fastest-growing metropolitan areas in the country and provide access to international destinations for explorers from the East Coast, via Mumbai.
GE T&D India has received of order from Grid Solutions SAS, France for Supply and supervision of high voltage products. Broad consideration or size of the order is Euros 64 million. The said order is expected to be executed in 2 years.
Alfa Transformers has received a purchase order worth of Rs 1.99 crore from TP Northen Odisha Distribution (TPNODL). The company has bagged order for Design, Manufacturing and Supply of 100KVA Transformers from Bhubaneswar plant.
Taneja Aerospace and Aviation (TAAL) has received an order from Bharat Electronics, Hyderabad for Aircraft modification / installation of SARANG system on Kamov-31 for 12 Nos. total basic order value is Rs 14.48 crore. The said order is expected to be executed over the next three years.
Brigade Group has announced a joint development residential project in West Bangalore’s Tumkur Road. Spread across 8 acres, the project will encompass a total development area of about 1.2 million square feet with an estimated Gross Development Value (GDV) of about Rs. 1,100 crore. The project, consisting primarily two and three bedroom apartments, has been planned such that it incorporates maximum lung space with lush green landscaping and a range of modern amenities. This project reflects Brigade’s ongoing planned investment in Bangalore’s real estate market, to meet the evolving needs of the dynamic urban homebuyer. With a focus on quality construction and sustainable practices, Brigade remains dedicated to shaping the city’s skyline and enriching communities.
L&T Finance's retail disbursements increased by 33 per cent Y-o-Y to Rs 14,830 crore in the June quarter (Q1-FY25) with the retail loan book now at Rs 84,440 crore, up 31 per cent Y-o-Y.
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