Latest news with #Chennai
Khaleej Times
an hour ago
- Business
- Khaleej Times
Dubai-India travel: Air India cancels multiple domestic and international flights
A number of Air India flights, including two from Dubai to India, have been cancelled due to enhanced maintenance and operational reasons, the airline said. Flights AI906 from Dubai to Chennai and AI2204 from Dubai to Hyderabad are among the cancelled international flights, reported ANI. Other sectors cancelled include AI308 from Delhi to Melbourne, domestic flights AI874 from Pune to Delhi; AI456 from Ahmedabad to Delhi; AI-2872 from Hyderabad to Mumbai and AI571 from Chennai to Mumbai. Air Indiaâ��s international flights AI906 from Dubai to Chennai; AI308 from Delhi to Melbourne; AI309 from Melbourne to Delhi; AI2204 from Dubai to Hyderabad and domestic flights AI874 from Pune to Delhi; AI456 from Ahmedabad to Delhi; AI-2872 from Hyderabad to Mumbai and AI571â�¦ — ANI (@ANI) June 20, 2025 Air India said on Wednesday, June 18 it will cut international operations on its widebody aircraft by 15% for the next few weeks, citing ongoing safety inspections and operational disruptions following last week's deadly crash of one of its Boeing 787 Dreamliners. Authorities continue to investigate the crash of flight AI171, which killed 241 people and marked the world's deadliest aviation disaster in a decade. The airline said in a statement that inspections had been completed on 26 of its 33 Boeing 787-8 and 787-9 aircraft, and those 26 have been cleared for service. The cuts, effective until at least mid-July, were being implemented "to ensure stability of operations, better efficiency and minimise inconvenience to passengers," the Tata Group-owned airline said. Flight AI171, bound for London's Gatwick Airport, crashed shortly after takeoff from Ahmedabad, killing all but one on board and about 30 people on the ground.
Times
12 hours ago
- Sport
- Times
Karun Nair, axed after triple century against England, gets second chance
'D ear Cricket, give me one more chance.' There cannot have been a more touching, heartfelt plea issued on social media by a cricketer. Not just any old cricketer, either, but someone with a Test-match triple hundred to his name, who, in December 2022 when that tweet was sent, was scrapping around the margins of the professional game looking for another opportunity to impress. Karun Nair, back in India's squad again, is a name that will not be lost on England supporters. In his third Test and in his third Test innings, Nair became only the second India batsman after Virender Sehwag to make a triple century in Test cricket when he put England to the sword in Chennai in 2016. Only two other batsmen in the history of the game, before Nair, had converted their maiden hundred into a triple: Garfield Sobers and Bobby Simpson.
Entrepreneur
a day ago
- Automotive
- Entrepreneur
Mahaveer Finance India Secures INR 200 Cr in Series C Led by Elevation Capital
The fresh capital will be deployed to strengthen Mahaveer's presence in South India, bolster its proprietary tech infrastructure, and serve a broader base of underserved customers who often rely on informal moneylenders. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Chennai-based non-banking financial company (NBFC) Mahaveer Finance India has raised INR 200 crore in a Series C funding round, led by Elevation Capital, with participation from existing investors BanyanTree Finance and First Bridge Capital. The fresh capital will be deployed to strengthen Mahaveer's presence in South India, bolster its proprietary tech infrastructure, and serve a broader base of underserved customers who often rely on informal moneylenders. "This funding milestone validates our four-decade journey of serving the underbanked segments of India's economy," said Deepak Dugar, CEO and Managing Director of Mahaveer Finance. "With Elevation Capital's partnership and our existing investors' continued confidence, we are well-positioned to scale our proven business model across new geographies while maintaining the current credit approach that has delivered consistent profitability." Founded in 1981, Mahaveer Finance India is a family-run NBFC specialising in used commercial vehicle financing, catering to retail customers, first-time buyers, and small fleet operators. Under the leadership of Deepak Dugar and Praveen Dugar, the company has grown its Assets Under Management (AUM) from INR 50 crore in 2016 to around INR 1,000 crore today, supported by its proprietary credit engine SURETY, in-house loan origination system (LOS), and digital payment integration. The brand claims to operate 80+ branches across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, and Puducherry, with a customer base of over 20,000 active borrowers. "Empowering small business owners and first-time vehicle buyers remains our core mission," said Praveen Dugar, CFO and Deputy Managing Director. "It is personally satisfying to have onboarded every noteworthy vehicle financier in the country on our lender list — a strong validation of our credibility and model." Mridul Arora, Partner at Elevation Capital, said, "Mahaveer Finance's deep-rooted understanding of small road transport operators and their commitment to financial inclusion aligns perfectly with our investment thesis of access-driven financial services." With more than 40 lender relationships, including marquee names like State Bank of India, HDFC Bank, and AU Small Finance Bank, Mahaveer Finance is well-positioned to leverage its experience and reputation.
Entrepreneur
3 days ago
- Business
- Entrepreneur
Dugar Finance Secures USD 3 Mn to Expand EV and Rooftop Solar Financing
The fresh funds will be deployed to scale Dugar Finance's electric vehicle (EV) and rooftop solar financing initiatives across tier-II and tier-III cities in India. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Dugar Finance and Investments Limited has secured USD 3 million in debt funding from Swiss-based Symbiotics Investments, through its USD 75-million Green Basket Bond backed by British International Investment (BII). The funds will be deployed to scale Dugar Finance's electric vehicle (EV) and rooftop solar financing initiatives across tier-II and tier-III cities in India. Founded in 1987 in Chennai by Ramesh Dugar and Sonali Dugar, Dugar Finance is a Reserve Bank of India-registered Non-Banking Financial Company (NBFC). It offers vehicle financing, mortgage loans, loans against property (LAP) for SMEs, and specialised green financing products. With over 30 branches across six states, the company focuses on underserved, credit-invisible populations—having served more than 25,000 customers to date. "This capital infusion is more than just a financial commitment—it's a strong endorsement of our efforts to drive clean energy access and uplift small businesses at the grassroots level," said Ramesh Dugar, Founder and Managing Director. "With the support of Symbiotics and BII, we are better equipped to scale our EV and rooftop solar financing solutions across India's heartland—where such innovations are both needed and transformative." Dugar Finance claims to have already enabled over 1,200 customers to install rooftop solar systems and adopt EVs, resulting in nearly 3,000 tonnes of carbon emissions avoided and annual electricity cost savings of INR 2.96 crore. Its customer-centric approach supports residential households, MSMEs, and housing societies, empowering them to embrace cleaner energy and mobility solutions. With this latest funding, Dugar Finance aims to deepen its mission of combining financial inclusion with sustainability, helping India transition toward a greener and more equitable economy.
National Post
3 days ago
- Business
- National Post
Prodapt Announces Agentic Solutions for Autonomous Operations Powered by NVIDIA AI Platform
Article content Working with human experts, AI Agents simplify & automate operations, elevate experiences Article content CHENNAI, India — Prodapt, a Gartner-recognized Telecom-Native services and AI integration leader, today announced a new Agentic AI based solution to drive autonomous operations for Telcos, in collaboration with NVIDIA. Article content The solution leverages the NVIDIA AI platform to build and deploy Telco-trained AI Agents that predict, analyze, reason, and simulate to resolve incidents impacting service quality and customer experience. Article content Telcos want to deliver better experiences and cut costs and AI Agents help by accelerating the next transformational leap from traditional BSS/OSS systems. This requires agile AI infrastructure, cutting-edge GenAI platforms, and AI integration skills, to enable scalability as the industry evolves beyond experimentation. As part of its Practical AI strategy, Prodapt has built a range of AI Agents across the Telecom value chain, which are powered by NVIDIA NIM™ and NVIDIA NeMo™ microservices. These agents go beyond simple actions, solving multi-step problem statements to improve operational efficiency, customer experience, revenue monetization, enterprise modernization, and accelerate the deployment of critical applications. Article content Autonomous Operations (AO) Article content The first Autonomous Agent is focused on Network operations: Article content The Telecom network issue resolution workflow is complex – impaired by a legacy stack and inability to forecast issues or ascertain available field resources in last-mile service delivery. Prodapt's solution inserts AI Agents across this workflow, deploying them for predictive analytics, issuing proactive alerts, finding the right Network Engineer and dispatching jobs, creating issue summaries, enabling guided resolution plans, and closing the loop after resolution. Simulations suggest the solution will enable Telcos to achieve a 30% improvement in resolution cycle time and drive better resource utilization. Article content 'Prodapt's AO solution developed with NVIDIA AI Enterprise is compelling for two reasons: it combines AI agents and human expertise in the most ingenious way possible, and secondly, it future-proofs Telco networks, going from reactive to proactive operations by mainstreaming Agentic AI into the full lifecycle,' said Chris Penrose, Global Head of Business Development, Telecoms, at NVIDIA. Article content 'AI integration is turning out to be the Number One priority for the Autonomous Operations vision. With a variety of ready to use AI Agents and infrastructure providers crowding a contested market, Telcos need a guiding hand to help them provision and operate the right solutions, operated by handpicked global AI talent. Prodapt delivers what is necessary to turn PoCs into impactful solutions through our Practical AI vision with NVIDIA,' Rajiv Papneja, CTO, Prodapt. Article content About Prodapt Article content Prodapt is the largest specialized player in the Connectedness industry. As an AI-first strategic technology partner, Prodapt provides consulting, business reengineering, and managed services for the largest telecom and tech enterprises building networks and digital experiences of tomorrow. A ServiceNow-invested company, Prodapt has been recognized by Gartner as a Large, Telecom-Native, Regional IT Service Provider. Article content Connecting 1.1 billion people and 5.4 billion devices across the globe, Prodapt's clients include Google, Amazon, PayPal, SoftBank, ServiceNow, Ciena, Verizon, Vodafone, Liberty Global, Liberty Latin America, Claro, Lumen, Windstream, Rogers, Telus, KPN, Virgin Media, British Telecom, Deutsche Telekom, Adtran, Samsung, and many more. Article content A 'Great Place To Work ® Certified™' company, Prodapt employs over 6,000 technology and domain experts across the Americas, Europe, India, Africa, & Japan. Prodapt is part of the 130-year-old business conglomerate The Jhaver Group, which employs over 32,000 people across 80+ locations globally. Article content Article content Article content Article content Article content Article content
