Board Meeting Intimation for Postponement Of Board Meeting For Consideration And Approval Of Un-Audited Financial Results For The First Quarter Ended June 30 2025
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News18
12 hours ago
- News18
Tech Mahindra arm Pininfarina raises stake in Signature to 84 pc
New Delhi, Aug 15 (PTI) Pininfarina, a step-down subsidiary of Tech Mahindra, has raised its stake in Signature, an associate company, to 84 per cent from 24 per cent for 1,34,375 euros, according to a statutory filing by the IT services company on Friday. With this transaction, Signature has become a subsidiary of Pininfarina and a step-down subsidiary of the company, Tech Mahindra said in a BSE filing. '…Pininfarina S.p.A., a step-down subsidiary of the company, has on 14th August 2025…informed that it has pursuant to an agreement acquired and subscribed to additional stake in Signature S.r.l, an associate company of Pininfarina, thereby increasing its shareholding in Signature from 24 per cent to 84 per cent of its equity share capital," it added. Signature was incorporated in 2018 as a joint venture with Napkin Forever, and its turnover stood at 2.9 million euros as of December 31, 2024. Signature operates from Italy. 'Pininfarina is an associate company of the Promoter. The Promoter company does not hold any interest in this transaction, except to the extent of their shareholding in Pininfarina," the filing said. The move is a related party transaction on an arm's length basis. Signature mainly operates in the stationery business. The acquisition of Signature is aimed at strengthening the presence of Pininfarina in the consumer channel, while further enhancing the Pininfarina brand. The filing pegged the transaction size at 134,375 euros (on cash consideration), of which 1,875 euros is toward subscription of additional shares in Signature and 1,32,500 euros for acquisition of the additional shares from existing shareholders of Signature. PTI MBI BAL BAL view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
13 hours ago
- Time of India
Agentic AI rises: 86% see higher risks, only 2% meet responsible AI gold standards
Infosys Knowledge Institute (IKI),the research arm of Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today unveiled critical insights into the state of responsible AI (RAI) implementation across enterprises, particularly with the advent of agentic AI . The report, Responsible Enterprise AI in the Agentic Era, surveyed over 1,500 business executives and interviewed 40 senior decision-makers across Australia, France, Germany, UK, US, and New Zealand. The findings show that while 78% of companies see RAI as a business growth driver, only 2% have adequate RAI controls in place to safeguard against reputational risk and financial loss. The report analyzed the effects of risks from poorly implemented AI, such as privacy violations, ethical violations, bias or discrimination, regulatory non-compliance, inaccurate or harmful predictions, among others. It found that 77% of organizations reported financial loss, and 53% of organizations have suffered reputational impact from such AI related incidents. Key findings include: AI risks are widespread and can be severe 95% of C-suite and director-level executives report AI-related incidents in the past two years.39% characterize the damage experienced from such AI issues as 'severe' or 'extremely severe'.86% of executives aware of agentic AI believe it will introduce new risks and compliance issues. Responsible AI (RAI) capability is patchy and inefficient for most enterprises Only 2% of companies (termed 'RAI leaders') met the full standards set in the Infosys RAI capability benchmark — termed 'RAISE BAR' with 15% (RAI followers) meeting three-quarters of the 'RAI leader' cohort experienced 39% lower financial losses and 18% lower severity from AI do several things better to achieve these results including developing improved AI explainability, proactively evaluating and mitigating against bias, rigorously testing and validating AI initiatives and having a clear incident response plan. Executives view RAI as a growth driver 78% of senior leaders see RAI as aiding their revenue growth and 83% say that future AI regulations would boost, rather than inhibit, the number of future AI on average companies believe they are underinvesting in RAI by 30%. With the scale of enterprise AI adoption far outpacing readiness, companies must urgently shift from treating RAI as a reactive compliance obligation to embracing it proactively as a strategic advantage. To help organizations build scalable, trusted AI systems that fuel growth while mitigating risk, Infosys recommends the following actions: Learn from the leaders: Study the practices of high-maturity RAI organizations who have already faced diverse incident types and developed robust product agility with platform governance: Combine decentralized product innovation with centralized RAI guardrails and RAI guardrails into secure AI platforms: Use platform-based environments that enable AI agents to operate within preapproved data and a proactive RAI office: Create a centralized function to monitor risk, set policy, and scale governance with tools like Infosys' AI3S (Scan, Shield, Steer). Balakrishna D.R., EVP – Global Services Head, AI and Industry Verticals, Infosys said, 'Drawing from our extensive experience working with clients on their AI journeys, we have seen firsthand how delivering more value from enterprise AI use cases, would require enterprises to first establish a responsible foundation built on trust, risk mitigation, data governance, and sustainability. This also means emphasizing ethical, unbiased, safe, and transparent model development. To realize the promise of this technology in the agentic AI future, leaders should strategically focus on platform and product-centric enablement, and proactive vigilance of their data estate. Companies should not discount the important role a centralized RAI office plays as enterprise AI scales, and new regulations come into force.' Jeff Kavanaugh, Head of Infosys Knowledge Institute, Infosys, said, 'Today, enterprises are navigating a complex landscape where AI's promise of growth is accompanied by significant operational and ethical risks. Our research clearly shows that while many are recognizing the importance of Responsible AI, there's a substantial gap in practical implementation. Companies that prioritize robust, embedded RAI safeguards will not only mitigate risks and potentially reduce financial losses but also unlock new revenue streams and thrive as we transition into the transformative agentic AI era.'
Indian Express
19 hours ago
- Indian Express
PM Modi pushes for self-reliance in energy, critical minerals; says govt opened nuclear energy to private sector
Prime Minister Narendra Modi, in his Independence Day address from the Red Fort, called for India to become self-reliant in energy and critical minerals, pointing to the opportunity cost of a high petroleum import bill. Modi also said the government has 'opened the doors' of nuclear energy to the private sector, and aims to grow nuclear generation capacity tenfold by 2047. 'We all know that we are dependent on many counties for energy, be it petrol, diesel, or gas. We have to spend lakhs of crores of rupees to import energy,' PM Modi said. 'If we weren't dependent, that money could have been used for India's future, its farmers, and to fight poverty. But we are working on becoming self-reliant in this aspect,' he added. In 2024-25, India's crude oil imports were valued at $137 billion, petroleum products at $24 billion, and liquefied natural gas (LNG) at $15 billion. Altogether, they accounted for 22.3 per cent of India's total imports, compared to 23 per cent in 2023-24, according to the Petroleum Planning and Analysis Cell of the Ministry of Petroleum and Natural Gas. PM Modi said critical minerals have taken centre stage globally, underpinning technologies across sectors — from energy to industrial to defence. 'That is why we have launched the National Critical Mineral Mission (NCMM). Exploration is underway at more than 1,200 sites, and we are moving ahead towards becoming self-reliant in critical minerals as well,' he said. So far, the Ministry of Mines has auctioned 24 critical mineral blocks — some requiring further exploration and others ready for development into mines — and aims to auction 100 more by 2030. Mining sector experts caution, however, that operationalising auctioned mines could take several years. To address bottlenecks, the ministry has set up a Project Monitoring Unit (PMU) to streamline regulatory processes and expedite clearances. In the meantime, the Centre is also doubling down on the exploration and acquisition of critical mineral blocks abroad. Earlier this week, the Lok Sabha passed amendments to the Mines and Minerals (Development & Regulation) Act, enabling the National Mineral Exploration Trust (NMET) to fund overseas exploration. 'India is taking big initiatives on nuclear energy. Ten new nuclear reactors are currently operational. We have also resolved to increase our nuclear energy capacity by 10 times by 2047,' PM Modi said in his address. India's installed nuclear capacity stood at roughly 8.8 gigawatts (GW) as of June 30, accounting for just under 2 per cent of its total electricity generation capacity. 'Reform is a continuous process… We have brought many reforms in the nuclear sector. We have now opened the doors of nuclear energy to the private sector as well. We want to combine our strengths,' Modi also said. In the 2024-25 Budget, the government proposed partnering with the private sector to finance and build Bharat Small Reactors (BSRs) for captive use, to be commissioned and operated by the Nuclear Power Corporation of India (NPCIL). Full-scale private participation, however, will require amendments to the Atomic Energy Act and the Civil Liability for Nuclear Damage Act, currently under internal discussion. A Department of Atomic Energy task force is also examining safeguards, fuel procurement, waste management, and other aspects of private ownership and operation of nuclear plants. In his speech, PM Modi also noted that India has met a key climate target five years early, with non-fossil fuel sources accounting for 50 per cent of the country's installed electricity capacity as of June 30. These sources — which include nuclear, large hydro, and renewables — made up just 30 per cent of installed capacity in 2015 and 38 per cent in 2020, before rising sharply over the last five years, on the back of solar and wind power.
