Hyderabad: VEM Technologies Private Ltd, a Hyderabad-based aerospace and defence player, has secured a growth capital investment of Rs 185 crore from InCred Alternative Investments, marking a fresh private equity bet on India’s expanding indigenous defence manufacturing sector.The investment was made through InCred Growth Partners Fund-I and InCred Growth Partners Fund-II and consists of primary…
Jaipur: Two weeks after two sanitation workers died while cleaning a sewer chamber in Jaipur’s Kardhani area, the Jaipur Municipal Corporation (JMC) is yet to make public the inquiry report into the incident, raising questions over transparency, accountability and possible administrative negligence.The incident occurred on April 17 under the Jhotwara zone, when labourers Ajay and…
Hyderabad: Interacting with journalists at the Press Club in Hyderabad on Saturday, Kalvakuntla Kavitha said she had a five-pronged strategy called ‘Panchanjanyam’ for Telangana and her newly-formed party, Telangana Rakshana Sena (TRS). The blueprint included free education for all, providing loans ranging from ₹2 lakh to ₹20 crore to youth and having special targeted initiatives…
Kolkata: Controversy over the renaming of Park Circus’s Suhrawardy Avenue as Gopal Mukherjee Road intensified on Monday, with CM Suvendu Adhikari indicating that more such renamings could follow, while Trinamool, Congress and Left leaders accused the BJP govt of conflating educationist Hassan Suhrawardy, after whom the road was named, with former undivided Bengal prime minister…
Public sector Indian Overseas Bank Chennai: Indian Overseas Bank (IOB) on Thursday said its board has given the nod for the public sector lender to raise Rs 5,000 crore during the current financial year (2026-27).The board in its meeting approved the capital plan of the bank for raising equity capital to the extent of Rs…
Chennai: Senior Congress leader P Chidambaram said the party joined hands with TVK only after “informing” DMK leadership. He said the decision was driven by the need to avoid another election (in the event of TVK not being able to get support of majority members) and reflected the broader sentiment among alliance partners.“We left only…
Shiv Sena (UBT) leader Sanjay Raut (File Photo) MUMBAI: Shiv Sena (UBT) leader Sanjay Raut on Thursday alleged that the party’s dissident Lok Sabha MPs were given an additional Rs 10 crore each and shifted to a “safe location” in Rajasthan amid speculation of a split in the Uddhav Thackeray-led outfit, even as he warned…
Kolkata: The intense heat notwithstanding, thousands of people across the city queued up outside liquor outlets right from Friday morning as off-shops reopened after a four-day shutdown.By 8.30 am, 40-50 people could be seen standing outside multiple stores, waiting for their two-bottle-per-purchase quota, ordered by the excise department. While areas with several outlets saw relatively…
Bengaluru: A Bengaluru court on Thursday sentenced a 38-year-old techie to life imprisonment for the 2016 murder of his woman friend and imposed a Rs 10,000 fine. The prosecution relied largely on the “last seen” theory to secure conviction.Sukhbir Singh was found guilty of murdering Kusum Rani Singla, 31, an IBM techie who lived in…
NEW DELHI: The US has assured India that access to critical artificial intelligence technologies will not become a challenge for trusted partners, IT secretary S Krishnan said on Thursday after discussions with US officials on the future of AI collaboration.The discussions come weeks after the US commerce department directed AI firm Anthropic to restrict foreign…
