February 2025 – Page 16

Lenovo posts 20% revenue jump to $18.8 bn in Q3, net profit doubles to $693 mn

Lenovo's R&D expenses are up nearly 14 percent year-on-year to $621 million.

According to Lenovo’s official statement, the quarter’s results were driven by the group’s focused hybrid-AI strategy, the turnaround of the Infrastructure Solutions Group (ISG)

India’s e-commerce market to touch $550 billion by 2035: Report

Between 2021 and 2023, 984 internal firms registered to operate in India

Overall Indian retail industry’s market size is expected to touch $2,500 billion by 2035, witnessing a three-fold increase compared to 2019

Tata Power partners with Amazon Web Services to drive consumer-centric energy transition in India

Tata Power has laid a robust digital foundation by migrating 23 mission-critical applications to AWS using Amazon Elastic Kubernetes Service (EKS). This shift enhances scalability, security, and real-time operational efficiency across key areas such as power generation, renewables, grid management, sales, and finance. (Image Source: PCMag)

Tata Power is strengthening operational efficiencies, enhancing grid resilience, and empowering its large consumer base, spread across multiple states, to be active participants in India’s clean energy future and transition to a low-carbon economy.

Tata Consumer Products extends MD & CEO Sunil D’Souza’s tenure for five more years

Before joining Tata Consumer Products, he served as the Managing Director of Whirlpool India for over four years and spent nearly 15 years at PepsiCo, holding various leadership positions.

D’Souza’s new term will commence on April 4, 2025, and will run until April 3, 2030, subject to shareholder approval.

Suzuki bets big on India, aims to make it global export hub of EVs by 2030

Suzuki has planned to supply products from India to Middle East and African markets.

Suzuki has aimed for 50 percent market share as the market leader in the Indian automobile industry.

Google AI update to help brands generate lifestyle imagery without human

Google updates also include AI-driven lifestyle imagery to enhance engagement with prospective customers. (Image source: ai.google)

According to Google Ads, advertisers can generate variations or refine the prompt with details like age, gender, race, ethnicity, and nationality.

India’s app block order on Google Play Store: 119 targeted, 15 down, developers in the dark

While it's unclear if national security concerns were a factor in this round of app blocks, the inclusion of apps from countries other than China and Hong Kong suggests broader regulatory scrutiny. (Image source: Unsplash)

The blocking order was issued under Section 69A of the Information Technology Act, which empowers the Indian government to restrict online content access in the interest of national security, sovereignty, or public order.

Microsoft’s Satya Nadella: Not about hyping tech, but building tech that serves the world

The Majorana 1 chip, named after the elusive quasiparticles theorized in 1937, integrates 8 qubits, the fundamental units of quantum computing, on a compact, sticky-note-sized piece of hardware. (Photo: X/SatyaNadella)

“After a nearly 20 year pursuit, we’ve created an entirely new state of matter, unlocked by a new class of materials, topoconductors, that enable a fundamental leap in computing. It powers Majorana 1, the first quantum processing unit built on a topological core,” Microsoft CEO Satya Nadella wrote on X, formerly Twitter.

NCLAT turns down Byju’s appeal to exempt Rs 158 crore settlement from lenders’ review

On 29th January, the NCLT had ordered disciplinary action against Pankaj Srivastava, the Resolution Professional (RP) overseeing Byju’s insolvency proceedings.

On 10 February, the Bengaluru bench of the National Company Law Tribunal (NCLT) directed BCCI to submit the Rs 158 crore settlement plea before the committee of lenders

Supreme Court dismisses Rs 186 Crore tax demand against Patanjali Foods

Patanjali Foods also stated that they had not received any formal notice regarding the hearing and only became aware of the Supreme Court’s verdict through a tax-related website on February 18, 2025.

Patanjali Foods confirmed that the ruling completely nullifies the tax claim, ensuring that the company faces no further financial liability on the matter.