Business

Indian Metals & Ferro Alloys Ltd (IMFA), the country's leading fully integrated ferro alloys producer, has signed definitive agreements to acquire Tata Steel Limited's ferro chrome plant in Kalinganagar, Odisha. The acquisition, valued at Rs 610 crore, will add 99 MVA furnace capacity, comprising 66 MVA operational and 33 MVA under construction, taking IMFA's total installed capacity to over 0.5 million tonnes per annum.

India is set to witness its first Silicon Carbide (SiC) semiconductor manufacturing plant in Odisha, marking a key step towards strengthening the country's presence in the global semiconductor sector.

Ashwani Gupta, Whole-time Director and CEO of Adani Ports and Special Economic Zone Ltd (APSEZ), on Tuesday highlighted three key areas of progress for the company, noting ongoing investments under its five-year capital expenditure plan, initiatives for capital optimisation, and a continued focus on sustainability.

India has emerged as the front-runner in the global race to adopt artificial intelligence (AI) at work, with 92 per cent of employees already using the technology. Across the Asia Pacific region, 78 per cent of workers are embracing AI regularly, outpacing the global average of 72 per cent. This growing adoption marks Asia Pacific as the world's leader in workplace AI integration, according to Boston Consulting Group's (BCG) latest report.

India's consumption demand is poised for a strong rebound in the coming quarter, driven by the twin engines of rural recovery and tax-led urban momentum, according to a research report by Bank of Baroda.

The Gurugram-headquartered fintech has recorded an EBITDA gain of Rs 24.8 crore, an 80 per cent increase from the previous quarter, reducing EBITDA to Rs 6.4 crore.