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Priya Nair assumes leadership of Hindustan Unilever amid sluggish growth, tasked with revitalizing the consumer goods giant. Despite recent profit gains, HUL’s stock underperformed the Nifty 50, facing challenges from local brands and shifting consumer preferences.

India is rapidly transforming its semiconductor landscape with the India Semiconductor Mission, aiming to become a global hub for chip manufacturing and design. With significant investments and incentives, the nation fosters domestic production, attracts major players, and cultivates a skilled workforce. This strategic push reduces import dependence and strengthens India’s position in the global semiconductor…

VinFast, the Vietnamese electric vehicle manufacturer, has inaugurated its first manufacturing plant in southern India, signaling a significant move to penetrate the country’s burgeoning auto market. With a planned investment of $2 billion in Tamil Nadu, VinFast aims to produce up to 150,000 vehicles annually. The company anticipates introducing its cars to Indian showrooms later…

Western Railway is set to enhance commuter safety by implementing the indigenous anti-collision system, Kavach, on its Mumbai local trains by the end of next year. This advanced system, developed under the ‘Make in India’ initiative, will replace the existing Auxiliary Warning System (AWS), preventing collisions and ensuring safer operations.

Larsen & Tourbo secures a significant EPC contract. The project involves developing a 116 MWac solar plant in Lakhisarai, Bihar. It will integrate a 241 MWh Battery Energy Storage System. This aims to establish Lakhisarai as a major energy storage hub. The expansion brings the total co-located storage capacity to 495 MWh.

JSW Steel and Japan’s JFE Steel will invest 58.45 billion rupees ($669 million) to expand production capacity of cold rolled grain-oriented electrical steel across two Indian plants to 350,000 tons per annum, JSW Steel said on Monday.

Indian Oil Corporation has purchased seven million barrels of crude oil. The oil is sourced from the United States, Canada, and the Middle East. This purchase follows a pause in buying Russian crude due to narrowing discounts. The bought crude includes US West Texas Intermediate Midland, Canada’s Western Canadian Select, and Abu Dhabi’s Das oil.

Quantum Biosciences, a Bengaluru startup, is pioneering a quantum biosensor technology for early detection of cellular damage, potentially revolutionizing cancer care. This innovative approach identifies unique magnetic fingerprints of oxidative stress, enabling tissue injury detection before symptoms manifest. The technology aims to address limitations of existing diagnostic tools and improve treatment outcomes.

Vinod Khosla says an AI bubble exists where most AI investments may fail. However, one big win can offset all losses. Khosla believes Indian IT firms must radically transform. Business process outsourcing and software IT services will disappear. He questions if IT vendors will cut prices enough. AI offers many opportunities for entrepreneurs. Large companies…

HCLTech CEO C Vijayakumar’s FY25 compensation reached $10.85 million, surpassing his peers at TCS, Infosys, Wipro and Tech Mahindra. His leadership has seen HCLTech’s market capitalisation grow 3.8 times since FY16. The board has approved a 71% increase in his remuneration for the next fiscal year, setting it at $18.6 million.