Larsen & Toubro has announced a strategic partnership with E2E Networks, an Indian Cloud and AI Cloud provider. The partnership is a significant step towards the adoption of GenAI solutions in India to foster a fundamental shift in the way Accelerated Computing on Cloud is used by Indian organisations. The transformative journey for organisations in AI adoption is a fundamentally different approach to implementing GenAI software solutions using Cloud GPUs to utilise an organisation’s deep learnings to deploy and evolve production-grade selfadapting AI Software. L&T will also acquire a 21% equity stake in E2E Networks through a combination of primary and secondary transactions.
Posts in category Business Standard
Sensex slips 374 pts; consumer durables stocks slide (05-11-2024)
At 12:30 IST, the barometer index, the S&P BSE, Sensex declined 374.05 points or 0.48% to 78,404.97. The Nifty 50 index fell 111.10 points or 0.46% to 23,884.25.
KP Energy share gains 5%, hits record high on securing order from KPI Green (05-11-2024)
The uptick in KP Energy share price came after the company secured over 1 GW order for development of wind-solar hybrid and solar power projects from KPI Green
Ajanta Pharma share price zooms 4% as ex-dividend date looms; details here (05-11-2024)
The uptick comes ahead of the company’s ex-dividend date tomorrow, driven by its recent dividend announcement that promises rewards for eligible shareholders
Embassy REIT declines 3% as CEO Aravind Maiya resigns post Sebi’s order (05-11-2024)
Aravind Maiya’s departure follows a directive from the Sebi to suspend him in an interim capacity
Orient Technologies Ltd leads gainers in ‘B’ group (05-11-2024)
Chamanlal Setia Exports Ltd, Punjab Communications Ltd, Jagsonpal Pharmaceuticals Ltd and Pudumjee Paper Products Ltd are among the other gainers in the BSE’s ‘B’ group today, 05 November 2024.
Tilaknagar Industries Ltd leads gainers in ‘A’ group (05-11-2024)
Gland Pharma Ltd, Hatsun Agro Product Ltd, Procter & Gamble Health Ltd and Kirloskar Brothers Ltd are among the other gainers in the BSE’s ‘A’ group today, 05 November 2024.
ABB India PAT climbs 22% YoY to Rs 440 crore (05-11-2024)
The heavy electrical equipment maker’s net profit (from continuing operations) jumped 21.68% to Rs 440.47 crore on 5.16% rise in total revenue from operations to Rs 2,912.16 crore in Q3 CY24 over Q2 CY23.
Gland Pharma soars 13% on better than expected Q2 performance (05-11-2024)
Despite increased EBITDA loss at Cenexi, the overall consolidated EBITDA margin was better-than-expected at 21.1%, led by better segmental mix and controlled operational cost for the quarter.
NTPC partners with RVUNL for joint stake in Chhabra Thermal Power Plant (05-11-2024)
RVUNL has 2320 MW (Stage-1: 4×250 MW Units & Stage-2: 2×660 MW Units) plant at Chhabra and both Parties have mutually agreed to form a 50:50 partnership JV Company which will own and operate the said power plant and also explore opportunities for its capacity expansion.