Latest news with #RISE
United News of India
3 days ago
- Automotive
- United News of India
19 vehicles of MP CM's convoy break down
Bhopal, June 27 (UNI) In a bizarre incident, 19 vehicles of Madhya Pradesh Chief Minister Dr Mohan Yadav's convoy broke down together after diesel allegedly mixed with water was filled in their tanks at a fuel station in the Ratlam district of the state late Thursday night. Authorities carried out an inspection of the fuel station, and subsequently it was sealed. The stalled vehicles, mostly Toyota Innovas, had to be towed away and a replacement fleet was summoned hurriedly from Indore, to be used for the CM, who arrived in Ratlam on Friday afternoon and inaugurated the Regional Industry, Skill, and Employment (RISE) Conclave. According to officials, the vehicles had refueled at the 'Shakti Petrol Pump' at Dosigaon in Ratlam district. According to Additional Collector Shalini Shrivastava, samples of diesel were collected immediately after the matter came to light. She said the petrol pump was sealed soon after. A team of officials collected fuel samples for testing and also checked the petrol pump's underground fuel tank. Officials are investigating whether water was mixed deliberately in diesel or if rain water had seeped into the underground fuel storage tank. UNI XC PRS
New Indian Express
3 days ago
- New Indian Express
Adulterated diesel stalls 19 vehicles in MP CM Mohan Yadav's convoy; petrol pump sealed in Ratlam
BHOPAL: A petrol pump in Madhya Pradesh's Ratlam district has been sealed after adulterated diesel from the outlet allegedly caused the breakdown of 19 vehicles in Chief Minister Dr Mohan Yadav's convoy on Thursday night. The incident happened hours before the CM was to inaugurate the innovative Regional Industry, Skill and Employment (RISE) Conclave in the same western MP district on Friday afternoon. Drivers of the SUVs (brought from Indore) were forced to push the vehicles off the road, after the vehicles began jerking and stalling one after another. While the local administration scrambled to ensure that a replacement fleet was arranged at the earliest, the officials also assessed the possibility of adulterated diesel filled from a local petrol pump having caused the problem. As per sources more than 250 litres of diesel were filled in the vehicles from a local petrol pump. Though the petrol pump staff denied the possibility of supplying adulterated diesel, the officials' hunch got strong after a local resident showed them a bottle filled from the same pump – which had clearly visible layers of diesel as well as water. The food and civil supplies department staff immediately collected samples and analysed them, confirming the presence of water in the diesel supplied by the concerned pump. 'Entire matter is being probed, though the exact quantity of water cannot be specified immediately. The stock at the pump is being checked and findings will be summed up in the detailed report to the Ratlam district collector,' a senior official of the food and civil supplies department Anand Gole said.
&w=3840&q=100)
Business Standard
4 days ago
- Business
- Business Standard
Reliance Industries market cap surpasses ₹20 trillion-mark once again
Reliance Industries (RIL) shares climbed 2 per cent in trade on Thursday, logging an intraday high at ₹1,496.8 per share on BSE. The company's market capitalisation surpassed the ₹20 trillion level once again after September 27, 2024. At 2:09 PM, the company's market capitalisation stood at ₹20,25,540.5 crore. RIL share price was trading 2.01 per cent higher at ₹1,496.8 per share on the BSE. In comparison, the BSE Sensex was up 1.03 per cent at 83,608.71. Its 52-week high was at ₹1,608.95 per share and 52-week low was at ₹1,115.55 per share. In one year, RIL shares have lost 4 per cent as compared to Sensex's rise of 5 per cent. Why are RIL shares in demand? Reliance Industries chairman Mukesh Ambani, on Wednesday, said that the company is entering a new phase of growth powered by artificial intelligence and deep technology, calling it the group's next major leap after telecom and energy, according to reports. Ambani also revealed that the company has already built its 5G infrastructure completely in-house. On artificial intelligence, Ambani made it clear that Reliance will stay away from high-risk capital-heavy areas like GPUs, instead focus on downstream applications that align with national needs. In another development, RISE Worldwide, a subsidiary of RIL and BLAST Esports arm of BLAST ApS took their first step as a joint venture to conduct an esports business. The company informed through its exchange filing on Wednesday, after market hours. In accordance with the joint venture agreement, Jio BLAST has today allotted to BLAST Esports Limited 50,00,000 equity shares of face value of ₹10 each, at par, aggregating ₹5 crore. Consequent to the said allotment, the stake of RISE in Jio BLAST has reduced to 50 per cent. Jio BLAST has ceased to be a subsidiary of RIL and is now a joint venture company. RISE incorporated Jio BLAST eSports Private Limited (Jio BLAST) as its wholly owned subsidiary on April 18, 2025. "As a first step, RISE incorporated Jio BLAST eSports Private Limited ('Jio BLAST') as its wholly owned subsidiary on April 18, 2025. In accordance with the joint venture agreement, Jio BLAST has today allotted to BLAST Esports Limited 50,00,000 equity shares of face value of ₹10 each, at par, aggregating ₹5 crore. Consequent to the said allotment, the stake of RISE in Jio BLAST has reduced to 50 per cent. Jio BLAST has ceased to be a subsidiary of the Company and is now a joint venture company," the filing read.
&w=3840&q=100)
Business Standard
4 days ago
- Business
- Business Standard
Reliance Industries market cap surpasses ₹20 trillion mark once again
Reliance Industries (RIL) shares climbed 2 per cent in trade on Thursday, logging an intraday high at ₹1,496.8 per share on BSE. The company's market capitalisation surpassed the ₹20 trillion level once again after September 27, 2024. At 2:09 PM, the company's market capitalisation stood at ₹20,25,540.5 crore. RIL share price was trading 2.01 per cent higher at ₹1,496.8 per share on the BSE. In comparison, the BSE Sensex was up 1.03 per cent at 83,608.71. Its 52-week high was at ₹1,608.95 per share and 52-week low was at ₹1,115.55 per share. In one year, RIL shares have lost 4 per cent as compared to Sensex's rise of 5 per cent. Why are RIL shares in demand? Reliance Industries chairman Mukesh Ambani, on Wednesday, said that the company is entering a new phase of growth powered by artificial intelligence and deep technology, calling it the group's next major leap after telecom and energy, according to reports. Ambani also revealed that the company has already built its 5G infrastructure completely in-house. On artificial intelligence, Ambani made it clear that Reliance will stay away from high-risk capital-heavy areas like GPUs, instead focus on downstream applications that align with national needs. In another development, RISE Worldwide, a subsidiary of RIL and BLAST Esports arm of BLAST ApS took their first step as a joint venture to conduct an esports business. The company informed through its exchange filing on Wednesday, after market hours. In accordance with the joint venture agreement, Jio BLAST has today allotted to BLAST Esports Limited 50,00,000 equity shares of face value of ₹10 each, at par, aggregating ₹5 crore. Consequent to the said allotment, the stake of RISE in Jio BLAST has reduced to 50 per cent. Jio BLAST has ceased to be a subsidiary of RIL and is now a joint venture company. RISE incorporated Jio BLAST eSports Private Limited (Jio BLAST) as its wholly owned subsidiary on April 18, 2025. "As a first step, RISE incorporated Jio BLAST eSports Private Limited ('Jio BLAST') as its wholly owned subsidiary on April 18, 2025. In accordance with the joint venture agreement, Jio BLAST has today allotted to BLAST Esports Limited 50,00,000 equity shares of face value of ₹10 each, at par, aggregating ₹5 crore. Consequent to the said allotment, the stake of RISE in Jio BLAST has reduced to 50 per cent. Jio BLAST has ceased to be a subsidiary of the Company and is now a joint venture company," the filing read.
Techday NZ
4 days ago
- Business
- Techday NZ
UiPath modernises ERP with Deloitte using agentic automation
UiPath has overhauled its enterprise resource planning (ERP) system through a strategic collaboration with Deloitte, resulting in a significant migration to SAP S/4HANA supported by agentic automation technologies. The project, named "Customer Zero", was designed to address the operational challenges that UiPath faced amid rapid business growth and increasing global complexity. The company identified issues stemming from fragmented systems, burdensome manual billing cycles, delayed revenue recognition, and intricate multi-GAAP reporting processes, all of which were hampering speed and scalability. Automation-first methodology UiPath adopted what it describes as an automation-first approach for its SAP S/4HANA migration. Unlike standard ERP deployments, the initiative integrated UiPath's own automation platform - including robotic process automation (RPA), intelligent document processing (IDP), UiPath Apps, and AI-driven orchestration - into the ERP transformation process. This strategy enabled the streamlining of SAP data migration, enhancement of system integrations, and removal of manual bottlenecks throughout core finance operations. The automation-led methodology became a central element in establishing a more efficient and resilient ERP environment. Operational outcomes The company reported a series of operational outcomes and performance metrics following the implementation: Over 200 automations delivered by the UiPath centre of excellence across key business processes. More than 85% of vital finance workflows are now managed by unattended automations, converting manual billing, revenue recognition, and account reconciliation into automated tasks. A clean core rate of 93% was achieved, surpassing the industry benchmark of 80% and minimising technical debt for future system upgrades. 60% of test cases automated, reducing the strain on business users and speeding up deployment times. Project delivery accelerated by 10% through the use of automation in testing, validation, and integration procedures. Jerry Hoberman, U.S. SAP Offering Leader at Deloitte, commented on the importance of agentic automation in ERP transformations: Agentic capabilities are essential to deliver automation-driven ERP outcomes. Building on Deloitte and UiPath's commitment to deliver Intelligent Automation solutions for our joint clients, together, we can help organisations unlock transformative business value as they move to SAP S/4HANA and RISE. Reflecting on the collaboration, Hitesh Ramani, Chief Accounting Officer and Deputy CFO of UiPath, described the transformation's impact: Our work with Deloitte demonstrates that automation isn't just an enabler—it's a catalyst for enterprise reinvention. With SAP S/4HANA and our agentic automation platform working hand-in-hand, we've dramatically improved the efficiency, scalability, and resilience of our finance operations. Agentic ERP and future automation UiPath's next step involves preparing for what it calls "agentic ERP". The aim is to empower AI agents - supported by the UiPath Platform and the newly introduced UiPath Maestro - to manage complex enterprise workflows, orchestrate decision-making across SAP and other systems, and call on human input only when necessary. This marks a shift towards automation systems acting as partners in business decisions rather than simply tools for task automation. Through agentic ERP, UiPath anticipates autonomous handling of routine decisions and exceptions, streamlined coordination between artificial intelligence, robots, and human stakeholders, and a foundation for continuous process innovation and adaptability. Mihai Faur, CIO of UiPath, described this evolution as significant for the wider market: Agentic ERP is not just a vision - it's the logical next step in the evolution of enterprise systems. Our Customer Zero journey demonstrates how organisations can future-proof their operations by embedding intelligent, agentic automation into every fabric of their ERP landscape. The Customer Zero project is positioned as a model for organisations looking to move beyond conventional ERP modernisation tactics. By placing agentic automation at the centre of the transformation programme, UiPath and Deloitte highlight a pathway to faster, more intelligent, and less disruptive ERP modernisation.
