A. O. Smith Corporation has bought Pureit, a water purification brand that was owned by HUL, for ₹601 crore ($72 million). This deal is not expected to affect earnings much in the first year. The acquisition aims to boost A. O. Smith's premium products and improve its online sales.
Deloitte is cutting jobs due to falling demand for its services, but it hasn't said how many employees will be affected. The company's revenue in Australia dropped 2.4% to $2.78 billion, showing difficulties in the consulting sector. This move is part of a larger trend of job cuts at major consulting firms like KPMG, EY, and PwC.
TCS has landed a 15-year contract with Ireland's Department of Social Protection to set up an Auto Enrolment Retirement Savings Scheme, helping 800,000 workers. This project will create a digital platform for automatically enrolling and managing pensions.
HCLTech's Global Cyber Resilience Study 2024-25 shows that 81% of security leaders expect cyberattacks in the coming year. However, only 48% are sure they can prevent them. The study points out that attacks using AI are a major concern, with North America having the highest rates of attacks. Many leaders plan to invest more in cybersecurity, but there are still big gaps in skills and issues with recovering after attacks.
A fire broke out on a moving train in Haryana after a passenger's firecrackers exploded. This incident caused minor injuries to a few passengers. Authorities think a short circuit may have started the explosion. Forensic experts are looking into the scene.
Google has been fined Rs 26,172 crore after a 15-year legal battle with a UK couple, Shivaun and Adam Raff, over its unfair control in shopping comparison services. The European Court of Justice upheld the fine first set in 2017, leaving the tech giant disappointed.
Suzlon Energy saw its net profit jump 96% to Rs 201 crore for the second quarter of FY25. This rise came from winning a lot of new orders and strong growth in revenue. The company’s revenue grew by 48% to Rs 2,093 crore, but its profit margin dipped a bit.
NTPC Green Energy has gotten the green light from SEBI for a ₹10,000 crore IPO. This part of NTPC plans to grow its renewable energy projects and pay off some debts. The IPO will feature new shares, with some set aside for employees. The company has seen big growth in revenue and profits recently.
The Enforcement Directorate (ED) has taken control of assets worth Rs 503 crore linked to Nagpur businessman Manoj Jayaswal as part of a bank fraud investigation. These assets were obtained through fake companies and relate to claims of fraud involving over Rs 4,000 crore in stolen loans.
AMPIN Energy has landed a 27 MW solar project in Maharashtra, boosting its partnership with Varroc Group. This new project brings their total solar capacity to over 60 MW, allowing Varroc to cover 70% of its energy needs with renewable sources, which will help cut costs and reduce carbon emissions.