Godrej targets productivity jump via AI

Mumbai: The Godrej Enterprises Group (GEG) on Tuesday said it is targeting a 10-15 per cent jump in productivity across its businesses by implementing artificial intelligence.

The group, which is present in industries such as aerospace, energy, locks and security, has launched an artificial intelligence engine christened "Amethyst" for AI adoption across businesses, as per a statement.

****

*Modulus Alternatives plans to raise up to Rs 2,000 crore

Modulus Alternatives on Tuesday announced that it is aiming to raise up to Rs 2,000 crore in its third private credit fund.

The Modulus Credit Opportunities Fund III will be deploying the money in fundamentally strong mid-market companies across sectors, as per a statement.

This report was published from a syndicated wire feed. Apart from the headline, the EdexLive Desk has not edited the copy.