IT services provider KGISL acquires Malayasia’s AETINS
The Hindu
IT software firm KG Information Systems Pvt. Ltd. (KGISL) has acquired AETINS Sdn. Bhd. of Malaysia, a data-solutions provider focusing on the growth of insurance and Takaful (Islamic insurance) compa
IT software firm KG Information Systems Pvt. Ltd. (KGISL) has acquired AETINS Sdn. Bhd. of Malaysia, a data-solutions provider focusing on the growth of insurance and Takaful (Islamic insurance) companies, through its wholly owned Malaysian arm KG Information Systems Sdn. Bhd. According to a statement from KGISL, the acquisition is a part of its growth strategy in the insurance technology space. The core insurance product of AETINS is well-known in life, general and Takaful insurance segments and KGISL gets access to customers and markets of AETINS. Without disclosing the acquisition amount, Prassadh Shanmugam, director and CEO of KGISL, said AETINS registered an annual turnover of ₹30 crore last financial year. KGISL is looking at ₹1000 crore turnover in three years and the acquisition will help achieve the target.
China's economy grew 5% in 2025, fueled by strong exports, despite challenges from Trump tariffs and slowing growth in Q4.
Board meeting to appoint Neville Tata as trustee of Sir Ratan Tata Trust cancelled due to lack of quorum.
Industry leaders urge Budget 2026 to reform crypto tax policies, promoting local investment and enhancing regulatory compliance in India.
India's power distribution utilities reported a ₹2,701 crore profit in FY25, reversing years of losses and improving performance indicators.
India prepares for a strong presence at WEF 2026 in Davos, featuring key ministers and top CEOs engaging with global leaders.
Davos prepares for the 2026 World Economic Forum with unprecedented security measures as global leaders gather amidst planned protests.
Mercedes-Benz India CEO advocates for rationalizing customs duties on luxury cars to boost demand and tax revenue in India.
IDBI Bank's Q3 net profit rises slightly to ₹1,935 crore, with total income and interest income declining.
HDFC Bank Ltd., India’s largest private sector bank, reported 11.5% growth in net profit for the quarter ended 31 December 2026 at ₹18,654 crore compared with ₹16,735.5 crore a year ago.
When Union Minister for Road Transport and Highways, Nitin Gadkari, recently spoke about the transformative potential of Vehicle-to-Vehicle (V2V), a technology for autonomous driving in India, he framed it as a critical lever for safer roads, smarter traffic management and future-ready mobility. That vision is already finding concrete expression inside Samsung Electronics-owned HARMAN Automotive’s India operations, which are emerging as a global hub for software-defined and connected vehicle technologies, says Krishna Kumar, Managing Director and Automotive Head, HARMAN India.
Instituting production-linked incentive (PLI) schemes to curtail import dependency on critical components in the longer-term, and rationalising import duties for support in the short term, forms the core of the wind energy producers’ wish list in the upcoming Union Budget.
ICICI Bank Ltd., the second largest private sector bank, for the third quarter ended 31 December 2025 reported 4% drop in net profit to ₹11,318 crore as compared to ₹ 11,792 crore in the year ago period on account of making additional standard asset provision of ₹1,283 crore during the quarter as per direction of the Reserve Bank of India (RBI).
HDFC Bank's Q3 profit rises 12% to ₹19,807 crore, driven by increased net interest and non-interest income.