On February 24, 2025, Blu Smart Mobility repaid its ₹30 crore NCD following a previous default due to cash flow issues, aiming to reassure bondholders amid fundraising efforts. Additionally, Infosys is negotiating an early extension of its $3 billion agreement with Daimler, planning to incorporate AI, which will increase its portfolio and revenue streams.
On February 24, 2025, Blu Smart Mobility successfully repaid its outstanding obligation of ₹30 crore in non-convertible debentures (NCDs) following a cash crunch that led to an earlier default. As the company navigates a fundraising initiative, it is now tasked with reassuring its bondholders about its financial stability and future prospects. This development marks a significant recovery for Blu Smart during challenging circumstances.
In other business news, Infosys is pursuing an early extension of its $3 billion deal with Daimler. As part of this initiative, Infosys intends to enhance the agreement by integrating artificial intelligence as a seventh revenue stream, thereby expanding its hardware and software services. This move reflects Infosys’ commitment to leveraging cutting-edge technology to strengthen its position in the market.
In summary, Blu Smart Mobility’s repayment of its NCD obligations is a crucial step towards regaining the confidence of its bondholders amidst financial challenges. Meanwhile, Infosys is poised to redefine its partnership with Daimler by introducing AI elements to enhance service offerings, signifying a strategic evolution in its business model. Together, these developments illustrate the dynamic nature of the corporate landscape and the ongoing efforts of companies to adapt and thrive.
Original Source: www.livemint.com
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