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Business Standard
18 minutes ago
- Business Standard
Bajaj Finance's new loans increase 23% in Q1 FY26, AUM jumps 25%
Bajaj Finance on Thursday, in its quarterly update, reported a 23 per cent year-on-year (YoY) jump in new loans booked in the April-June quarter of FY26 (Q1FY26). The company booked 13.49 million loans during the period, compared to 10.97 million loans in Q1FY25. The Pune-based lender reported a 25 per cent YoY jump in assets under management (AUM) in Q1FY26 to Rs 4.41 trillion, compared to Rs 3.54 trillion in the corresponding period last year. During the quarter, its AUM grew by Rs 24,750 crore. Similarly, in Q1FY26, its customer franchise increased by 4.69 million to 106.51 million. In the corresponding period last year (Q1FY25), its customer franchise stood at 88.11 million. Meanwhile, the deposit book of the lender grew 15 per cent YoY to Rs 72,100 crore as of June 30, 2025, compared to Rs 62,774 crore in the same period last year.
India.com
23 minutes ago
- India.com
10 ISRO Technologies Transferred To Indian Firms, Says IN-SPACe
New Delhi: The Indian National Space Promotion and Authorisation Centre (IN-SPACe) on Thursday said it facilitated the transfer of 10 state-of-the-art technologies developed by the Indian Space Research Organisation (ISRO) to six Indian companies. The tripartite Technology Transfer Agreements (TTAs) were signed between NewSpace India Limited (NSIL), the six companies, and IN-SPACe at the IN-SPACe headquarters in Ahmedabad. The technology transfers will give private players the opportunity to access the developed technologies available with ISRO, enabling them to use space-related technology for commercial applications in space as well as other sectors. The technologies that foster satellite launch, ground station infrastructure, and geospatial applications are expected to deepen industry participation, enable indigenisation, and reduce dependency on foreign technologies. 'The transfer of these technologies marks yet another significant step towards empowering the private sector to harness and commercialise space technologies. ISRO has a flourishing repository of R&D in space technologies, and it is time we leverage that to the optimum to strengthen India's space industrial ecosystem, and in that, industry-led innovation will play a key role,' said Dr. Pawan Goenka, Chairman, IN-SPACe. Two advanced inertial sensors -- the Laser Gyroscope and the Ceramic Servo Accelerometer -- developed by ISRO's Inertial Systems Unit, for potential use in satellite launch vehicles, have been transferred to Hyderabad-based Zetatek Technologies. The company has over 25 years of expertise in Inertial Navigation System (INS) testing, calibration, and QA/QT equipment. Three technologies related to ground station operations -- S/X/Ka tri-band dual circular polarised monopulse feed, tri-axis antenna control servo system, and Ku/C/L and S Band Cassegrain feed -- have been transferred to Avantel and Jisnu Communications, Hyderabad-based companies specialising in end-to-end communications solutions for space and defence platforms. These technologies, currently sourced from foreign vendors, will enable self-reliance in critical ground station infrastructure. Further, two geospatial models developed by SAC/ISRO for pest forewarning and semi-physical crop yield estimation were transferred to Ahmedabad-based Amnex Info Technologies, to be deployed in agricultural decision-making and crop protection. A compact, multi-parameter, portable bathymetry system developed by NRSC/ISRO has been transferred to Jalkruti Water Solutions, Ahmedabad, to enable UAV-based integration for water resource monitoring. Further, VSSC/ISRO's ceramic-based flame-proof coating technology -- originally developed for launch vehicle applications -- has been acquired by Ramdev Chemicals, Ahmedabad, for wider industrial applications. 'With this transfer, we are taking a pivotal step toward building indigenous capabilities within India. ISRO, IN-SPACe, and NSIL will collaboratively provide comprehensive handholding support to all the industry players to ensure successful absorption of the technology,' said Rajeev Jyoti, Director, Technical Directorate, IN-SPACe.
Time of India
27 minutes ago
- Time of India
Will the EU delay enforcing its AI Act?
Academy Empower your mind, elevate your skills With less than a month to go before parts of the European Union's AI Act come into force, companies are calling for a pause in the provisions and getting support from some representing big U.S. tech companies such as Google owner Alphabet and Facebook owner Meta, and European companies such as Mistral and ASML have urged the European Commission to delay the AI Act by rules for general purpose AI (GPAI) models take effect on Aug. 2, a Commission spokesperson reiterated, adding that the powers for enforcing those rules start only on August 2 the landmark act that was passed a year earlier after intense debate between EU countries, its provisions would come into effect in a staggered manner over several important provisions, including rules for foundation models like those made by Google, Mistral and OpenAI, will be subject to transparency requirements such as drawing up technical documentation, complying with EU copyright law and providing detailed summaries about the content used for algorithm companies will also need to test for bias, toxicity, and robustness before models classed as posing a systemic risk and high-impact GPAI will have to conduct model evaluations, assess and mitigate risks, conduct adversarial testing, report to the European Commission on serious incidents and provide information on their energy AI companies, the enforcement of the act means additional costs for compliance. And for ones that make AI models, the requirements are companies are also unsure how to comply with the rules as there are no guidelines yet. The AI Code of Practice , a guidance document to help AI developers to comply with the act, missed its publication date of May 2."To address the uncertainty this situation is creating, we urge the Commission to propose a two-year 'clock-stop' on the AI Act before key obligations enter into force," said an open letter published on Thursday by a group of 45 European also called for simplification of the new rules.A Commission spokesperson said the European AI Board is discussing the timing to implement the Code of Practice, with the end of 2025 being concern is that the act may stifle innovation, particularly in Europe where companies have smaller compliance teams than their U.S. the Commission is set for GPAI rules to come in force from next month, its plan to publish key guidance to help thousands of companies to comply with the AI rules by year end would mark a six-month delay from its May tech chief Henna Virkkunen had earlier promised to publish the AI Code of Practice before next political leaders, such as Swedish Prime Minister Ulf Kristersson, have also called the AI rules "confusing" and asked the EU to pause the act."A bold 'stop-the-clock' intervention is urgently needed to give AI developers and deployers legal certainty, as long as necessary standards remain unavailable or delayed," tech lobbying group CCIA Europe said.
