Fortune Spring Ventures to sell stake in SPV for $267.89 million

Saal.ai, Intertec team up to deliver AI and Big Data across GC

Abu Dhabi-based cognitive tech firm Saal.ai has partnered with digital transformation provider Intertec Systems to deliver advanced AI and Big Data solutions across the GCC. The collaboration will centre around DigiXT, a Made-in-UAE Big Data platform developed by Saal.ai to support governments and enterprises in harnessing large-scale data with full sovereignty and control. DigiXT offers flexible deployment both on-premises and in the cloud, allowing organisations to meet their specific performance, compliance, and regulatory needs. This versatility ensures clients retain ownership of the..

Rail India Conference lays out green roadmap for railway transformation

The 8th Rail India Conference & Expo concluded in New Delhi with a forward-looking agenda focused on green energy, efficiency, and modernisation of India’s railway network. The two-day event convened top voices from the government, railways, academia and private sector to deliberate on sustainability, infrastructure and innovation. Abhay Bakre, Mission Director, National Green Hydrogen Mission, highlighted the potential of green hydrogen in decarbonising railways. While the sector currently contributes 25–30 million tonnes to India's carbon emissions, projections for 2030 peg this..

MAN Industries to Raise Rs 3 Billion Via Equity and Warrants

MAN Industries (India) Ltd. has announced that its Board of Directors has approved a capital raise of up to Rs 3 billion through a preferential allotment of equity shares and convertible warrants. The move, subject to shareholder and regulatory approvals, aims to fund the company’s expansion projects and strengthen its balance sheet.The proposed allotment includes the issuance of 1.22 million convertible warrants to promoter group entity Man Finance Private Limited at Rs 328 each (inclusive of a Rs 323 premium), aggregating to approximately Rs 400 million. Each warrant will be convertible in..