L&T Expands AI and Data Centre Reach with E2E Networks Deal

07 Nov, 2024

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In recent news, L&T has made a strategic move to expand its AI and data centre ambitions by acquiring E2E Networks. This acquisition is expected to accelerate L&T’s offerings in the data centre space by up to 30 months. Meanwhile, GAIL India reported a 10% increase in net profit for Q2, reaching ₹2,689.67 crore. The company also experienced marginal revenue growth during the same period.

Sony India is marking its 30th anniversary with a robust growth trajectory, aiming for a $1-billion revenue milestone. The company’s efforts to diversify its portfolio beyond televisions and capitalize on high-demand products have been pivotal to this achievement. On the healthcare front, Dr. Reddy’s is expanding its GLP-1 drug portfolio in anticipation of Novo Nordisk’s patent expiration in India, positioning itself to dominate the obesity and diabetes drug markets.

Additionally, Wakefit, a startup, is disrupting the mattress industry, posing a significant challenge to legacy player Sheela Foam. The competition intensifies as Wakefit’s innovations gain traction in the market. Also, KPMG has made a strategic move to counter employee turnover by trimming its U.S. audit staff by 4%, focusing on improving retention rates.

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