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Schaeffler India opens computational research infrastructure at FSID, IISC
Schaeffler India has announced the opening of a computational research infrastructure at the Foundation for Science Innovation and Development (FSID), Bengaluru. Part of Schaeffler India's purposeful engagement with IISC, premium research academia, this supported facility strengthens research capabilities by enabling HPC (High- Performance Computing) large-scale simulations, data-intensive modelling and advanced analytics across materials, energy systems, and sustainable mobility. Additionally, these improvements will foster stronger industry collaborations, improved research quality and efficiency, and increased relevance of research in industry projects.
One MobiKwik Systems slides after Q4 results
One MobiKwik Systems dropped 5.03% to Rs 216 after the company reported a profitable Q4 FY26, though investors remained cautious over full-year losses and continued investments in new businesses.
One MobiKwik Systems Q4 Results: Co swings to black with Rs 4 crore profit vs Rs 56 crore loss YoY
One MobiKwik Systems Q4 Results: One MobiKwik Systems achieved a net profit of Rs 4.38 crore in the fourth quarter of FY26. This marks a strong recovery from a net loss in the same period last year. Revenue from operations saw an 8% increase. The company's EBITDA also turned positive.
L&T Tech partners with Emerson for system integration and product development
As per the engagement, L&T Tech will serve as a global system integrator and technology development partner, supporting the design, deployment and lifecycle enablement of advanced systems engineering platforms across industries.
China-like grid planning needed to meet renewable energy goal: MNRE secretary
India aims for 1,800 gigawatts of renewable energy by 2050. Achieving this requires a super grid, similar to China's. The government plans to spend $574 billion by 2030 on high-voltage lines. Enhanced grid infrastructure will address power evacuation challenges. Policymakers are working with states to ensure necessary equipment and storage systems are in place for better renewable energy integration.
SBI chief flags risks in rapid growth in digital finance, stresses trust-based innovation
State Bank of India Chairman C S Setty highlighted emerging risks in digital finance and platform lending. He stressed that financial systems must prioritize trust and strengthen governance. India needs significant capital mobilization for its development goals. Banks alone cannot meet these needs, requiring deeper bond markets and broader investor participation. Innovation must balance speed with safety and inclusion.
Q1 fuel losses may eliminate entire fiscal-year earnings of Indian OMCs
Since the war broke out in the Middle East 10 weeks ago, state-owned oil marketing companies (OMCs) have ensured uninterrupted supplies of petrol, diesel and cooking gas LPG at rates that are way below cost, unlike many global energy systems that imposed rationing or passed through steep price increases.
Zerodha's Nikhil Kamath suggests exploring gold-based stablecoins for India
Zerodha co-founder Nikhil Kamath questioned the long-term suitability of dollar-backed stablecoins for India and proposed exploring a gold-linked stablecoin. He said such a model could monetise idle household gold holdings while reducing dependence on dollar-dominated digital financial systems and supporting India’s strategic interests.
Indian banks need AI-led defence systems as Anthropic’s Mythos heightens cyber risks: Barclays
Indian banks must upgrade their technology. They need AI-powered defenses to fight new cyber attacks. Outdated systems are vulnerable to advanced AI tools. Modern warfare requires modern weapons. Banks must use AI to protect themselves from AI-driven threats. This is crucial for future security.
Sika Interplant Systems Ltd leads losers in 'B' group
Genesys International Corporation Ltd, Aarti Surfactants Ltd, Weizmann Ltd and Shree Rama Multi-Tech Ltd are among the other losers in the BSE's 'B' group today, 11 May 2026.
CMS Info Systems wins ATM managed services outsourcing from HDFC Bank
CMS Info Systems has been awarded an integrated ATM managed services outsourcing mandate by HDFC Bank, India's largest private sector bank.
CMS Info Systems gains on winning 5-year ATM managed services contract from HDFC Bank
CMS Info Systems added 2.93% to Rs 298.60 after it has been awarded an integrated ATM managed services outsourcing mandate by HDFC Bank, India's largest private sector lender.