Tuesday, March 19, 2024
Business

Ahmedabad-Mumbai bullet train to be launched in 2026: Railway Minister Ashwini Vaishnaw

NEW DELHI: Railway Minister Ashwini Vaishnaw said on Tuesday that the Ahmedabad- Mumbai bullet train will be launched in 2026.

Brand Storii to expand presence in Uttarakhand with a river-front property

NEW DELHI: the In keeping with its focus on the asset right growth strategy, ITC Hotels announced the signing of Storii Rishikesh, Uttarakhand.

SK hynix begins mass production of latest high-end chips

Seoul:South Korean chipmaker SK hynix said on Tuesday that it has started mass production of the latest high band width memory (HBM) chips, solidifying its leadership position in the high-performance artificial intelligence (AI) memory semiconductor sector.

Adani Vizhinjam Port wins 'International Safety Award' from British Safety Council

Thiruvananthapuram: In recognition of its commitment to keeping workers and workplaces healthy and safe, Adani Vizhinjam Port Private Limited (AVPPL) has won the ‘International Safety Award’ for 2023 from the British Safety Council.

Democratising technology: realme’s dedication towards pioneering consumer experience with innovation

NEW DELHI: In today's rapidly evolving digital landscape, the democratisation of technology has emerged as a transformative movement. This concept is not just about creating groundbreaking innovations; it's about ensuring these advancements are accessible to all, irrespective of socio-economic or geographical barriers.

UP Mining Dept set to record increase in revenue

LUCKNOW: The Uttar Pradesh mining department is set to generate significantly higher revenue during the 2023-24 financial year than the previous fiscal.

How to close Paytm Payments Bank FASTag?

NEW DELHI: As per the guidelines issued by the Reserve Bank of India (RBI) regarding restrictions on Paytm Payments Bank, users of Paytm FASTag will not be able to top up or add to their balance after midnight on Friday.

NTPC crosses record 400 billion units electricity generation mark in 2023-24

NEW DELHI: The giant NTPC Group crossed the record 400 billion units (BU) of electricity generation in the current financial year, on March 13, 2024, the Ministry of Power announced on Thursday.

IT spending in India to reach $44 bn this year: IDC report

NEW DELHI: IT spending in India for 2024 is expected to grow 11 per cent year-on-year (YoY), reaching $44 billion, an International Data Corporation (IDC) report said on Thursday.

Tata Technologies appoints Sukanya Sadasivan as Chief Operating Officer

PUNE: Global engineering and digital services company Tata Technologies on Thursday announced the PUNE Global engineering and digital services company Tata Technologies on Thursday announced the appointment of Sukanya Sadasivan as its new Chief Operating Officer (COO), who will focus on strengthening delivery, practice and internal digital and IT systems.

A new era in photography: How low-light tech is redefining smartphone cameras

NEW DELHI:The landscape of smartphone technology is ever-evolving, with continuous innovations reshaping every facet of these omnipresent devices. Amid this evolution, numerous smartphones tout their camera capabilities as superior.

Small cap index down 10 pc from the peak after SEBI red flags

NEW DELHI: Small and mid cap stocks are coming under intense selling pressure with the regulator raising red flags.

TAC Security appoints Altaf Halde as Chief Business Officer

NEW DELHI: Cybersecurity firm TAC Security on Wednesday said it appointed Altaf Halde as the Chief Business Officer (CBO) of the company.

SpiceJet's stock drops nearly 10 pc as CCO, COO reportedly asked to resign

NEW DELHI: The stock value of SpiceJet dropped by close to 10 per cent during Tuesday's trading session following the announcements of two top-level executives stepping down.

Refer your USA friends to ZEE5 Global & win rewards together!

MUMBAI: ZEE5 Global, the world’s largest South Asian streaming platform, has introduced a unique India to USA ‘Refer & Earn’ programme, that enables Indian consumers to earn money in a few simple steps. This one-of-a-kind campaign allows Indian users to participate even without having a premium subscription to ZEE5.

Centre approves Rs 1,347 crore package for highway projects in Andhra Pradesh

NEW DELHI:Union Minister for Road Transport & Highways Nitin Gadkari said on Tuesday that an allocation of Rs 1,346.81 crore has been approved for the 4-laning of National Highway-716 section that runs from the Tamil Nadu-Andhra Pradesh border to Puttur.

Female SHG members have shown three-time rise in income during FY19-FY24

NEW DELHI: Female Self-Help Group (SHG) members' accounts have shown an increase in income by three times during FY19-FY24, as per a study conducted by the Economic Research Department of the State Bank of India.

REC inks pact to bankroll infra projects worth Rs 20,000 crore a year in Rajasthan

NEW DELHI: REC Limited, a Maharatna CPSE under the Ministry of Power, has signed an MoU with the Rajasthan government to finance projects across power and non-power infrastructure sectors with an investment of up to Rs 20,000 crore per annum for a period of six years, extending up to 2030, according to a company statement issued on Monday.

Byju's likely to miss March 10 salary deadline for 20,000 employees as funds remain stuck

NEW DELHI: Embattled edtech company Byju's is likely to miss the March 10 deadline to pay salaries for the month of February to its more than 20,000 employees as funds raised via its rights issue remain stuck.

GAIL cuts CNG prices by Rs 2.50 per kg

NEW DELHI: GAIL (India) Limited, and its wholly owned subsidiary, GAIL Gas Limited on Saturday announced a reduction in the prices of Compressed Natural Gas (CNG) by Rs 2.50 per kg across several key locations in India where it operates retail outlets.

India making headlines in supply chain localisation across industries: Ashwini Vaishnaw

Bengaluru: India, which is an excellent destination for the services industry, is now making headlines globally in the localisation of supply chains across industries, especially electronics hardware, Union IT and Telecom Minister Ashwini Vaishnaw said here on Saturday.

Zetwerk raises $20mn from Wheelhouse Venture Capital

NEW DELHI:Business-to-Business (B2B) manufacturing marketplace unicorn Zetwerk on Thursday announced that the company has raised funding of $20 million from IndiGo promoter Rakesh Gangwal through Wheelhouse Venture Capital.

Israel fines US energy giant for discharging wastewater into Mediterranean

Jerusalem: Israel imposed a fine of 2.9 million shekels (around $809,000) on the US energy giant Chevron Corporation for sea emission violation, the Israeli Ministry of Environmental Protection has said in a statement.

Indian women capable of learning AI skills and play a far better role: Arundhati Bhattacharya

NEW DELHI: As skilling becomes top priority for the government in creating a talent pool for new and emerging technologies like AI in India, women in the country need to be at the forefront of learning generative AI and play a key role in shaping up new industries, Arundhati Bhattacharya, CEO and Chairperson of Salesforce India, said on Friday.

'Make in India' helped us become 2nd largest audio brand globally: boAt's Aman Gupta

NEW DELHI: Aman Gupta, co-founder of homegrown wearable and audio brand boAT, on Friday said that with the help of initiatives like 'Make in India', they have become the the second largest audio brand globally, as Prime Minister Narendra Modi congratulated him at the first National Creators' Award.

GAIL, ONGC & Shell sign pact for ethane import in Gujarat's Hazira

NEW DELHI: GAIL (India) Limited, Oil and Natural Gas Corporation (ONGC) and Shell Energy India (SEI) Private Limited on Thursday signed a tripartite memorandum of understanding (MoU) to explore opportunities for import of ethane and other hydrocarbons and development of evacuation infrastructure at Shell Energy Terminal in Gujarat's Hazira port.

Conducive govt policies to make Indian SaaS sector a global powerhouse

NEW DELHI: The Indian software-as-a-service (SaaS) sector is positioned as a key player in driving digital transformation and is in an extraordinary phase of growth and innovation, driven by the government's friendly policies and robust infrastructure investment, industry leaders said on Thursday.

Small-cap index underperforms Nifty this week amid warnings of froth

NEW DELHI: The 3.7 per cent decline in the small-cap index this week when Nifty appreciated by 0.5 per cent is a big underperformance, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Airbus, IIM-Mumbai join hands to provide aviation education, skills

MUMBAI: Airbus and the Indian Institute of Management, Mumbai (IIM-Mumbai), have joined hands to provide aviation education to professionals and empower them with industry-ready skills through the Airbus Beyond programmes, officials said here on Wednesday.

Rural e-commerce startup Rozana receives $22.5 mn funding

NEW DELHI:Rural e-commerce startup Rozana on Wednesday announced that it has received $22.5 million in the latest funding round.

Tata Power installs 1,000 green energy-powered EV charging points in Mumbai

MUMBAI: Tata Power on Wednesday said it has achieved over 1,000 of its EV charging points in Mumbai which are powered by green energy.

Gold scales record high on growing bets for US interest rate cut in June

NEW DELHI: Gold scaled a record high moving further above $2,100 in a rally sparked by growing bets for a US interest rate cut in June and on safe-haven demand due to the conflict in the Middle East, says Manav Modi, Analyst, Commodity and Currency, Motilal Oswal Financial Services.

RBI issues new order on credit cards to give customers more choice

MUMBAI: The RBI on Wednesday issued a directive barring credit card issuers (banks and non-banks) from entering into any arrangement or agreement with card networks such as American Express, MasterCard Asia, Diners Club and Rupay that restrain them from availing the services of other card networks.

Lava launches new smartphone with 64MP camera, 6.67-inch display

NEW DELHI: Domestic smartphone brand Lava on Tuesday launched a new smartphone -- the Blaze Curve 5G, with a 64MP camera and 6.67-inch 120Hz 3D Curved AMOLED display.

India’s coal production surges by 11.83 pc in Feb

NEW DELHI: The country’s coal production increased by 11.83 per cent in February to 96.60 million tonnes compared to the corresponding figure of 86.38 MT in the same month last year, according data released by the Coal Ministry on Tuesday.

Cognizant CEO Ravi Kumar S joins USISPF Board of Directors

NEW DELHI: The US-India Strategic Partnership Forum (USISPF), a non-governmental and nonprofit organisation, on Tuesday said that Cognizant's Chief Executive Officer (CEO) Ravi Kumar S has joined its Board of Directors.

Tata Motors stock up 204 pc in last 36 months

NEW DELHI: On the back of a strong performance across its key business segments, Tata Motors stock has significantly outperformed key indices with 204 per cent return in the last 36 months versus 50 per cent return in the Nifty, Motilal Oswal Financial Services said in a report.

Nifty extends gains for fourth session to end at record high

MUMBAI: India's benchmark indices extended gains for the fourth session on Monday to end at record high, said Devarsh Vakil, Deputy Head Retail Research, HDFC Securities.

Scindia inaugurates India’s first Green Hydrogen plant in stainless steel sector

NEW DELHI: Union Steel Minister Jyotiraditya M. Scindia on Monday virtually inaugurated India's first Green Hydrogen Plant in the stainless steel sector located at Jindal Stainless Limited in Haryana's Hisar.

Govt’s digitisation push catalysing innovations in insurtech industry: InsuranceDekho CEO

NEW DELHI: The government's push towards digitalisation and technology adoption has catalysed innovation within the insurtech industry, which bodes well for bolstering the growth prospects of the industry, Ankit Agrawal, Founder and CEO, InsuranceDekho, has stressed.

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