Aligning with India’s data localisation norms, Google Cloud on Friday announced to bring its AI-powered security operations (SecOps) region to India. The enterprises in the country can now store their Google security operations customer data in the Mumbai region. “Today’s complex threat landscape, combined with talent shortages, requires immediate and innovative solutions. Gemini in Google Security Operations is a catalyst to supercharge our customers’ security operations, a game changer to drive operational excellence with Google’s AI at scale,” said Jyothi Prakash, India Head of Google Cloud Security.

Nearly one out of five imported vehicles in South Korea were battery-powered ones in the January-April period despite slowing sales of electric vehicles (EVs) globally, industry data showed on Friday. In the first four months, registrations of pure EVs jumped to 13,863 units from 5,417 during the same period of last year, accounting for 18.2 per cent of overall vehicle imports, according to data from the Korea Automobile Importers & Distributors Association (KAIDA).

Public sector natural gas giant GAIL on Thursday reported a 67 per cent increase in net profit at Rs 8,836 crore for the financial year 2023-24 compared to the corresponding figure of Rs 5,302 crore in 2022-23. According to a company statement, GAIL's annual revenue from operations rose to Rs 1,30,638 crore in FY24 against Rs 1,44,302 crore in FY23. For the January-March quarter of 2023-24, the company's net profit declined to Rs 2,177 crore against Rs 2,843 crore in Q3 FY24.

Adani Energy Solutions Ltd (AESL), on Thursday, announced that it has acquired 100 per cent stake in Essar Transco Ltd for Rs 1,900 crore. The acquisition covers a fully operational 400 kV, 673 ckt kms (circuit kilometres) inter-state transmission line, linking Mahan in Madhya Pradesh to Sipat pooling substation in Chhattisgarh. “The acquisition of Mahan-Sipat transmission network will consolidate AESL’s presence in central India with four operating assets having 3,373 ckt km in the region,” the company said in a statement.

As the Indian government aims to curb the use of ‘dark patterns’ on e-commerce platforms, the US state of Arizona has filed two new lawsuits against Amazon, accusing the e-tailing giant of deceiving consumers with "dark patterns." One of the lawsuits accuses the company of “engaging in deceptive business practices” by allegedly using “design tricks known as dark patterns to keep users from cancelling their Amazon Prime subscriptions.” The other lawsuit, filed by Arizona Attorney General Kris Mayes, accuses Amazon of “unfairly maintaining monopoly status by enforcing agreements with third-party sellers that restrict them from offering lower prices off of the platform than they do on Amazon."

Government-owned Power Finance Corporation (PFC) on Wednesday reported an 18.4 per cent increase in net profit at Rs 4,135 crore for the Jan-March quarter of 2023-24 compared to the same period of the previous financial year.

Travel company TBO Tek made a stellar debut on D-Street on Wednesday. The stock was listed with a 55 per cent premium at Rs 1,426 per share on NSE against the issue price of Rs 920 per share. After early trade at 11:30 a.m., shares were up 46 per cent at Rs 1,352 per share, slightly lower than the listing price.

India has surpassed major countries like Australia, Hong Kong SAR, Japan, Singapore, and Korea becoming the country with the highest data centre capacity of 950 MW in the Asia-Pacific region (excluding China), according to a private report released on Wednesday. India is also likely to record the highest capacity addition of 850 MW during the 2024-2026 period, higher than major APAC countries, according to the report published by real estate consultancy CBRE.

Life Insurance Corporation of India (LIC) on Wednesday announced that markets regulator Securities and Exchange Board of India (SEBI) has granted it a three-year extension to comply with minimum 10 per cent public shareholding norms. "Pursuant to Regulation 30 of Listing Regulations, this is to inform the Securities and Exchange Board of India (SEBI) vide its letter dated May 14, 2024, has conveyed its decision, to grant additional time of three years to Life Insurance Corporation of India to achieve 10 per cent public shareholding under Rule 19(2)(b)(iv) of the Securities Contracts (Regulation) Rules, 1957, i.e., within a period of 5 years from the date of listing," LIC stated in a filing with the stock exchanges.

Samsung said on Wednesday it will lead the South Korean home appliances market with an advanced artificial intelligence (AI) solution designed to connect all smart devices, simplifying domestic chores and reducing the time and effort required. "We have earned customer trust that Samsung Electronics is leading AI innovation with its products, like AI smartphone and AI Combo washer," Lim Seong-taek, executive vice president in charge of sales and marketing in South Korea, said during a press event at the company's headquarters in Suwon, south of Seoul.