Category: Corporate

Categories
Corporate

Anthropic introduces Claude Fable 5 for public use

Artificial intelligence company Anthropic has launched Claude Fable 5, its most advanced AI model available to the public. The model is based on the company’s previously restricted Mythos platform and aims to offer powerful capabilities while maintaining strong safety protections.

Claude Fable 5 is built on the same foundation as Claude Mythos 5, an advanced AI system that was earlier accessible only to a select group of organisations through Anthropic’s Project Glasswing programme. Access to Mythos had been limited due to concerns about its ability to identify software vulnerabilities and perform sophisticated cybersecurity tasks.

According to Anthropic, Fable 5 offers significant improvements in coding, scientific research, reasoning, visual analysis and other knowledge-based tasks. The company says the model delivers stronger performance than previous versions of Claude and can handle more complex and long-duration assignments.

To address safety concerns, Anthropic has introduced several safeguards in Fable 5. The model is designed to restrict responses in sensitive areas such as cybersecurity, biology and chemistry. For certain high-risk requests, the system can automatically switch users to a less powerful but safer model, Claude Opus 4.8.

The release comes amid growing debate over the risks and benefits of increasingly capable AI systems. Earlier versions of Mythos reportedly demonstrated advanced vulnerability-discovery abilities that attracted attention from governments, cybersecurity experts and technology companies.

Anthropic said the model underwent extensive testing and safety evaluations before its public launch. The company believes the safeguards built into Fable 5 allow broader access to advanced AI capabilities while reducing the risk of misuse.

Also Read: Samsung bets big on AI TVs

Categories
Corporate

Adani Energy buys IntelliSmart in ₹3,050 cr smart meter deal

Adani Energy Solutions Ltd (AESL) has announced the acquisition of IntelliSmart Infrastructure Pvt Ltd, one of India’s largest smart metering companies, in a deal valued at approximately ₹3,050 crore. The transaction marks one of the biggest consolidations in the country’s rapidly expanding smart metering industry.

IntelliSmart is currently backed by the National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Ltd (EESL). The company has emerged as a major player in India’s power distribution modernisation efforts, managing a large portfolio of smart meter projects across multiple states.

With the acquisition, Adani Energy Solutions will significantly strengthen its presence in the advanced metering infrastructure segment. The company said the deal aligns with its strategy of building a digitally enabled energy network and supporting the government’s push for power sector reforms.

Smart meters are designed to provide real-time monitoring of electricity consumption, improve billing efficiency, reduce power losses and enhance operational performance for electricity distribution companies. The technology is a key component of India’s efforts to modernise its power infrastructure and improve service delivery.

Following the acquisition, Adani Energy Solutions’ total smart meter portfolio is expected to expand substantially. The combined business will have the capability to serve millions of consumers across the country and participate in upcoming smart metering projects under government programmes.

The acquisition also reflects growing private-sector interest in digital energy infrastructure, an area that is attracting significant investments as utilities increasingly adopt technology-driven solutions.

Adani Energy Solutions said the acquisition will help create a larger and more efficient platform for delivering smart metering services while supporting India’s energy transition goals. Subject to regulatory approvals and customary closing conditions, the deal is expected to further strengthen the company’s position as a leading integrated energy infrastructure player in the country.

Industry experts view the transaction as a significant step in consolidating the smart metering market, which is expected to witness strong growth over the coming years. The government has been encouraging the deployment of smart meters as part of broader reforms aimed at improving the financial health and efficiency of power distribution companies.

Also Read: Mehli Mistry challenges removal from Tata Trusts

Categories
Corporate

Sensex surges over 500 points, Nifty below 23,400

Indian benchmark equity indices staged a strong recovery on June 10, with the BSE Sensex surging more than 500 points and the NSE Nifty trading below the 23,400 mark. The rally was led by strong buying in heavyweight stocks such as Reliance Industries and Hindustan Unilever, helping markets rebound after recent volatility.

Market sentiment improved after Reliance Industries gained following reports that Meta Platforms would lease capacity in the company’s upcoming artificial intelligence-enabled data centre in India. The development boosted investor confidence and triggered buying across sectors, lifting broader market indices.

The rebound came after a volatile start to the week when concerns over escalating tensions in West Asia and rising crude oil prices had weighed on domestic equities. Investors returned to the market as expectations of improved foreign currency liquidity and easing pressure on oil prices supported risk appetite.

Reliance Industries and Hindustan Unilever emerged among the top gainers of the session, contributing significantly to the benchmark indices’ rise. Banking, consumer goods and technology stocks also witnessed buying interest. On the other hand, some oil and metal counters remained under pressure and figured among the day’s laggards as investors remained cautious about commodity price fluctuations.

Most sectoral indices traded in positive territory, reflecting broad-based participation in the market recovery. Earlier in the day, GIFT Nifty had signalled a firm opening, indicating improved investor sentiment.

Also Read: Bombay HC quashes 12% retrospective spectrum charge

Categories
Corporate

Sensex up 350 points, Nifty tops 23,100 on bank rally

Indian benchmark indices traded higher on Tuesday, as the BSE Sensex rose more than 350 points during the session, while the NSE Nifty 50 crossed the 23,100 mark.

The market recovery came after a decline in global oil prices following signs of easing tensions in the Middle East. Lower crude prices reduced concerns over inflation and India’s import bill, encouraging investors to return to equities.

Financial stocks led the rally, with private banks, PSU banks and financial services companies witnessing strong buying interest. Realty shares also advanced, helping support broader market gains. In contrast, information technology stocks remained under pressure, making IT one of the weakest-performing sectors of the day.

Among individual stocks, InterGlobe Aviation (IndiGo) featured among the top gainers after brokerages maintained positive outlooks on the airline’s growth prospects. Retail major Trent also gained, continuing its recent upward momentum.

Rail Vikas Nigam Ltd (RVNL) climbed after securing a railway contract worth around ₹221 crore, while Redington advanced following positive market reaction to Apple’s announcements at its Worldwide Developers Conference (WWDC) 2026.

On the losing side, NLC India declined after the government launched an offer for sale (OFS) of up to a 3% stake in the company. IT heavyweight TCS and several other technology stocks also traded lower amid sector-specific weakness.

Meanwhile, bond yields softened as falling crude prices and recent Reserve Bank of India measures aimed at attracting foreign currency inflows improved sentiment in debt markets. The rupee remained relatively stable against the US dollar.

Also Read: US labels BYD, Alibaba, Baidu as Chinese military firms

Categories
Corporate

TCS wins multi-year AI-led IT deal from Canada life

India’s largest IT services company, Tata Consultancy Services (TCS), has secured a multi-year technology transformation contract from Canada Life, strengthening its presence in the European insurance sector and expanding its portfolio of artificial intelligence-led digital transformation projects.

Under the agreement, TCS will help modernise Canada Life’s IT infrastructure and business operations across its European businesses. The project will focus on integrating advanced technologies, including artificial intelligence, automation and cloud-based solutions, to improve operational efficiency and enhance customer experience.

The deal is expected to support Canada Life’s long-term strategy of simplifying technology systems, streamlining processes and accelerating digital transformation initiatives. TCS will leverage its expertise in large-scale IT modernisation programmes to help the insurer upgrade legacy systems and build more agile technology platforms.

Company executives said the partnership aims to create a more resilient and future-ready technology environment capable of supporting evolving customer needs and regulatory requirements. The transformation programme is also expected to improve service delivery and enable faster deployment of digital products and services.

For TCS, the contract represents another significant win in the global financial services sector, one of the company’s largest business segments. The company has increasingly focused on AI-driven solutions as enterprises worldwide invest in automation and digital technologies to improve competitiveness and reduce operational costs.

The deal highlights growing demand among insurers for technology modernisation as they seek to improve efficiency, strengthen cybersecurity and deliver personalised customer experiences. Many financial institutions are accelerating investments in cloud computing, data analytics and artificial intelligence to adapt to changing market conditions.

The agreement further strengthens TCS’s long-standing presence in Europe, a key growth market for the company. TCS already works with several leading financial institutions, insurers and multinational corporations across the region.

The value of the contract has not been officially disclosed, though reports described it as a multi-million-euro engagement. The project is expected to be implemented over several years, with TCS providing end-to-end services spanning technology consulting, platform modernisation, automation and ongoing operational support.

Also Read: Haleon to invest ₹2,000 cr in first India plant

Categories
Corporate

Haleon to invest ₹2,000 cr in first India plant

Global consumer healthcare company Haleon has announced an investment of ₹2,000 crore to establish its first manufacturing facility in India, marking a significant expansion of its presence in one of its fastest-growing markets.

The new facility will strengthen Haleon’s local manufacturing capabilities and support the company’s long-term growth strategy in India. The investment is expected to boost domestic production of popular healthcare products while reducing reliance on imports and improving supply chain efficiency.

The proposed plant will manufacture a range of consumer healthcare products, including oral health, pain relief and wellness brands sold by the company. Haleon said the investment reflects its confidence in India’s growth potential and rising demand for healthcare and self-care products.

Company officials stated that the facility will create employment opportunities, support local suppliers and contribute to the government’s push to expand manufacturing under the “Make in India” initiative. The project is also expected to help strengthen India’s position as a key production hub for consumer healthcare products.

Alongside the manufacturing investment, Haleon reaffirmed its commitment to improving healthcare access in underserved communities. The company said it plans to expand programmes focused on health awareness, preventive care and community outreach, particularly in rural areas where access to healthcare services remains limited.

India is among Haleon’s priority markets globally, driven by increasing health awareness, rising incomes and growing demand for over-the-counter healthcare products. Industry analysts believe the company’s decision to invest in local manufacturing reflects the country’s expanding role in global healthcare supply chains.

The investment comes as several multinational companies increase manufacturing operations in India to tap into the country’s large consumer base and benefit from favourable government policies. Experts said local production can help companies respond more quickly to market demand while improving cost efficiencies.

Haleon, which owns well-known consumer health brands across oral care, vitamins and pain management categories, said the new facility will support both business growth and broader healthcare goals. The company aims to combine manufacturing expansion with initiatives that improve everyday health outcomes for millions of people across India.

Also Read: Apple brings new child safety tools

Categories
Corporate

Anant Ambani gets 94.4% support for RIL executive role

Anant Ambani has secured overwhelming shareholder support for his appointment as a whole-time executive director of Reliance Industries Ltd (RIL), marking another key step in the conglomerate’s succession and leadership transition strategy.

At the company’s annual general meeting, 94.4% of shareholders voted in favour of Anant Ambani’s appointment for a five-year term beginning May 1, 2026. The resolution received support from a large majority of public and institutional investors, reinforcing confidence in Reliance’s long-term leadership plans.

Anant, the youngest son of Reliance chairman and managing director Mukesh Ambani, has been actively involved in several group businesses in recent years. He serves on the boards of multiple Reliance entities and has played a significant role in the group’s energy, sustainability and philanthropic initiatives.

The appointment comes as Reliance continues to formalise the involvement of the next generation of the Ambani family in the conglomerate’s operations. His siblings, Akash Ambani and Isha Ambani, already hold key leadership positions across the group’s telecom, retail and digital businesses.

While a majority of shareholders backed the proposal, some proxy advisory firms had earlier expressed reservations regarding aspects of the remuneration structure linked to the appointment. Despite those concerns, the resolution passed comfortably with strong shareholder approval.

Reliance Industries, India’s most valuable company by market capitalisation, has been pursuing an extensive transformation strategy spanning energy, telecom, retail, digital services and new-age technologies. Analysts view the induction of younger leadership into executive roles as part of a broader effort to ensure continuity and long-term strategic execution.

The approval is also seen as a significant endorsement of the company’s succession roadmap at a time when Reliance is expanding investments in renewable energy, green hydrogen, artificial intelligence and consumer-facing businesses.

Also Read: Gold down at ₹1.52 lakh, Silver slips to ₹2.60 lakh

Categories
Corporate

Sensex trades flat, Nifty tops 23,100

Indian equity benchmarks traded in a narrow range on Tuesday, with the Sensex hovering around the flat line while the Nifty 50 climbed above the 23,100 mark. Investor sentiment improved after easing tensions in the Middle East led to a decline in crude oil prices, helping offset concerns over inflation and global growth.

Banking and financial stocks provided support to the market, with PSU banks, private lenders and realty counters attracting buying interest. The broader mood remained positive despite weakness in information technology shares.

Among the day’s notable gainers, InterGlobe Aviation (IndiGo) rose around 2% after several brokerages maintained positive ratings and upbeat growth expectations for the airline. Retail major Trent also featured among the top performers, extending recent gains.

Rail Vikas Nigam Ltd (RVNL) advanced about 3% after securing a railway project worth ₹221 crore, while Redington surged nearly 5% as investors reacted positively to product and technology announcements made at Apple’s Worldwide Developers Conference (WWDC) 2026.

On the downside, NLC India fell around 3% after the government launched an offer for sale (OFS) of up to a 3% stake in the company. IT stocks remained weak, with TCS among the laggards as the sector continued to face selling pressure.

Meanwhile, government bond yields eased as lower crude prices and recent Reserve Bank of India measures aimed at boosting foreign currency inflows improved expectations for the country’s external position and currency stability.

Also Read: Elon Musk flags India’s falling birth rate concerns

Categories
Corporate

Sensex falls below 700 points, Nifty ends at 23,150

Indian benchmark equity indices ended sharply lower on Monday, weighed down by broad-based selling across sectors amid weak global cues and concerns over geopolitical tensions in the Middle East.

The BSE Sensex plunged below 700 points to close at 75,800, while the NSE Nifty 50 fell below the 23,150 mark. Investor sentiment remained under pressure as rising crude oil prices and uncertainty surrounding the Iran-Israel conflict heightened concerns about inflation and global economic growth.

Among the major losers on the Sensex, Tata Motors led the decline, followed by Adani Ports and Trent. Other stocks that ended lower included Maruti Suzuki, Sun Pharma, Reliance Industries and Larsen & Toubro. Selling pressure was visible across auto, metal and energy stocks.

A few stocks managed to buck the trend. IndusInd Bank, Tech Mahindra and HCLTech were among the notable gainers, supported by selective buying in banking and information technology counters. Infosys and Axis Bank also showed relative resilience compared with the broader market.

Market participants said escalating geopolitical tensions and rising oil prices triggered risk-off sentiment among investors. Higher crude prices are a concern for India as they can increase import costs and fuel inflationary pressures.

Analysts noted that investors are closely monitoring developments in global energy markets, foreign institutional investor activity and upcoming economic data for further direction.

Going forward, market sentiment is expected to remain cautious as traders assess the impact of geopolitical developments and commodity price movements. Any further escalation in tensions or sustained rise in crude oil prices could continue to weigh on equities.

Also Read: CBI raids officials in ₹661 cr bank fraud case

Categories
Corporate

Sensex slumps over 500 points, Nifty ends below 23,250

Indian stock markets witnessed a sharp decline on Monday, with the benchmark Sensex falling more than 500 points and the Nifty slipping below the 23,250 level amid concerns over rising geopolitical tensions in the Middle East and surging global crude oil prices.

The sell-off came after fresh hostilities involving Iran and Israel triggered fears of disruptions in global oil supplies, sending crude prices sharply higher. Investors remained cautious as rising energy costs could increase inflationary pressures and affect economic growth prospects.

During the session, selling pressure was seen across several sectors, particularly in aviation, consumer goods and automobile stocks. Shares of InterGlobe Aviation (IndiGo) came under pressure as higher fuel prices are expected to raise operating costs for airlines. Asian Paints also declined as investors worried about the impact of rising crude-linked raw material costs on profit margins.

However, energy-related stocks bucked the broader market trend. Reliance Industries and ONGC emerged among the key gainers as investors anticipated that higher crude prices could benefit oil and gas producers. Buying was also visible in select energy counters as traders sought refuge in sectors likely to gain from elevated oil prices.

Market experts said investor sentiment remained fragile due to uncertainty surrounding the Middle East conflict. India, being one of the world’s largest crude oil importers, is particularly vulnerable to sustained increases in energy prices. Higher oil costs can raise transportation and manufacturing expenses, putting pressure on both businesses and consumers.

The weakness in equities was accompanied by pressure on the Indian rupee, which traded lower against the US dollar due to concerns over a rising import bill. Foreign investor activity also remained in focus as traders assessed the potential impact of global developments on emerging markets.

Also Read: India plans to bring E85 fuel to cut oil imports