Telangana Sanctions Rs 2 Billion for Flood Relief Works
Asian Energy Raises Rs 1.31 Bn Through Warrants
Asian Energy Services has completed the conversion of a substantial portion of its preferentially allotted convertible warrants, strengthening its equity base and marking a key milestone in its capital-raising programme.The conversion follows the preferential allotment of 47,00,000 warrants made on 5 November 2024. Each warrant was convertible into one equity share at an issue price of Rs 335 per share, comprising Rs 83.75 paid upfront and Rs 251.25 payable at conversion.The company raised Rs 920.3 million through the conversion of 3.662 million warrants, in addition to Rs 390 million received..
BASF to Open Global Service Hub in Hyderabad
BASF’s Global Business Services will open a new Global Service Hub in Hyderabad in the second quarter of 2026. The hub will operate under BASF Global Business Services Private Limited and support the company’s global service delivery network, with a focus on integrated Finance and HR services.Hyderabad was selected after a structured evaluation process, including on-site assessments across multiple locations. BASF said the city offers the right ecosystem and talent base to support scalable, high-quality services for its global businesses. The hub will progressively build operations over th..
Festo Launches AI Assistant for Engineers
Festo has introduced an AI-powered Virtual Assistant to help automation engineers and maintenance teams access technical answers quickly and minimise downtime. The online tool is designed specifically for industrial automation applications and provides context-related responses in seconds, helping users move faster from fault identification to resolution.Unlike general AI systems, the Virtual Assistant works only on verified Festo data sources, including datasheets, manuals, technical documents and engineering tools. It supports fault diagnosis, component selection, technical standards, produc..

