Wednesday, April 24, 2024
Business

Air India suspends flights to Tel Aviv till April 30 over Iran-Israel conflict

NEW DELHI: Air India on Friday extended the suspension of its flight services to Israel's capital Tel Aviv till April 30, in the wake of prevailing conflict and tension between Israel and Iran.

Infosys' full-year employee strength drops for 1st time in 23 years

Bengaluru: The full-year headcount at IT major Infosys declined for the first time in nearly 23 years, by 25,994 in the financial year 2023-24.

Tech firm Sabre appoints Rajiv Bhatia as Executive Director

NEW DELHI: Software and technology company Sabre Corporation on Wednesday announced the appointment of industry leader Rajiv Bhatia as Executive Director to help advance its growth strategy in Asia Pacific (APAC).

Will Musk announce affordable Starlink internet service during India visit?

NEW DELHI: Starlink, an affordable satellite-based internet service offered by Elon Musk-run aerospace company SpaceX, has transformed the way people access the web in remote and inaccessible parts of the world. Will Musk announce its arrival in India when he visits the country later this month?

X employees facing arrest in Brazil: Elon Musk

NEW DELHI:Tesla and SpaceX CEO Elon Musk on Tuesday alleged that employees of his X social media platform in Brazil are facing arrest amid his ongoing stand-off with the judiciary over blocking some X accounts.

India leads Web3 adoption globally with over 1,000 startups: Report

NEW DELHI: India now has one of the largest Web3 ecosystems in the world, with more than 1,000 startups and over 35 million traders, a new report showed on Tuesday.

Indian companies should make electric 2-wheelers for global market: Amitabh Kant

Bengaluru:The future is electric in India which has seen a meteoric rise in EV adoption and homegrown companies should now aim to make electric two-wheelers for the global market, the G20 sherpa and former NITI Aayog CEO, Amitabh Kant, said on Saturday.

Centre Court Capital launches Rs 350 cr gaming, sports tech fund

NEW DELHI: Venture capital (VC) firm Centre Court Capital (CCC) on Thursday launched a Rs 350 crore fund to revolutionise the country's sports and gaming landscape.

India’s services sector growth surges leading to more jobs in March: PMI survey

NEW DELHI: India's services sector growth accelerated in March on the back of strong demand, leading to employment increasing at the fastest rate in seven months and export business expanding at a record pace during the month, according to an HSBC survey released on Thursday.

World Bank raises India’s GDP growth forecast to 7.5 pc for 2023-24

NEW DELHI:The Indian economy is projected to grow at 7.5 per cent in 2024, the World Bank has said, revising its earlier projections for the same period by 1.2 per cent.

India’s trade policy is calibrated with economic growth path: Piyush Goyal

NEW DELHI: India's trade policy is calibrated with its economic growth trajectory as it aims to achieve a target of $2 trillion in exports by 2030, Commerce and Industry Minister Piyush Goyal said on Thursday.

Reliance Industries invests in Mahan Energen, a wholly-owned subsidiary of Adani Power

NEW DELHI: An investment agreement has been entered into among Mahan Energen Limited (MEL), a wholly owned subsidiary of Adani Power Limited (APL), Reliance Industries Limited (RIL) and APL, in terms of which RIL has agreed to subscribe and MEL has agreed to allot 5 crore equity shares with face value of Rs 10 each to RIL at par.

Credit cards woes form largest chunk of complaints for private banks, mobile banking for public sector banks

NEW DELHI: The largest share of public sector banks' complaints is for mobile banking while for private banks, it is for credit cards, brokerage firm Elara Securities said.

Adani’s copper unit in Mundra begins operations, to generate 7,000 jobs

Ahmedabad: Making a debut for the Adani Portfolio in the metal industry, Kutch Copper, a subsidiary of Adani Enterprises Limited (AEL), on Thursday commissioned the first unit of its greenfield copper refinery project at Mundra, Gujarat, by dispatching the maiden batch of cathodes to customers.

Sensex surges more than 700 points led by gains in financial stocks

NEW DELHI: The BSE Sensex on Thursday was trading at 73,755 points, up by 758 points or 1.04 per cent, led by gains in the financial stocks.

realme 12x 5G: Pioneering 5G experience under Rs 12K: A disruptor in the entry-level segment

NEW DELHI: The impact of 5G extends far beyond consumer use, driving transformative changes globally. This revolutionary technology is reshaping our lifestyle, work dynamics, and communication methods, setting the stage for a promising future.

Top S. Korean game developer joins Google Cloud on AI, cloud computing

Seoul: NCSOFT Corporation, a major South Korean online and mobile game developer, said on Wednesday that it has joined hands with Google Cloud in improving artificial intelligence (AI) and cloud computing capabilities.

S&P Global ups India’s growth forecast for 2024-25

MUMBAI: S&P Global Ratings on Tuesday raised India's growth forecast for 2024-25 by 0.4 per cent to 6.8 per cent on the back of strong domestic demand.

Over $447 million in funding raised by 22 Indian startups last week

NEW DELHI: The Indian startups continued to raise funds at a normal pace, and last week, 22 startups secured over $447 million in the country.

IRDAI approves setting up insurance e-marketplace Bima Sugam, goes for big regulatory revamp

NEW DELHI: The Insurance Regulatory and Development Authority of India (IRDAI) has given its approval for the setting up of insurance e-marketplace Bima Sugam for buying, selling, and servicing insurance policies as well as settling claims.

Amazon India’s revised seller fee next month may up prices for certain products

NEW DELHI: The consumers may end up paying more for shopping online on Amazon India for certain products as the company is set to revise its seller fee structure from April 7.

Young Indian founders beat rich global startups in creating AI use cases: Kunal Bahl

NEW DELHI: Artificial intelligence (AI) has opened new doors for Indian startups and young entrepreneurs who have raised just $1-2 million are way ahead of deep-pocketed startups from the US and Europe when it comes to creating world-class products, Kunal Bahl, Co-founder of Snapdeal and early-stage VC firm Titan Capital, said on Thursday.

Net direct tax collections for FY 2023-24 grow at over 19.88 p.c.

NEW DELHI: The provisional figures of direct tax collections for the Financial Year 2023-24 as on March 17, 2024, show that net collections were at Rs 18,90,259 crore as compared to Rs 15,76,776 crore in the corresponding period of the preceding financial year (FY 2022-23, representing an increase of 19.88 per cent, the Income Tax Department said.

Good governance crucial than highest market cap for startups: Industry leaders

NEW DELHI: As certain Indian digital companies like Byju’s, with a mammoth $22 billion valuation once, get embroiled in corporate governance issues, top industry leaders have said that running a clean company with honest practices and good governance is more important than having the highest market cap.

10 automakers fined $7.6 mn for selling cars with poor safety standards

Seoul:The South Korean government said on Wednesday that it has imposed fines totalling 10.3 billion won ($7.6 million) on 10 foreign and domestic automakers for selling cars with inadequate safety standards.

Zomato launches ‘Pure Veg Mode’ with vegetarian riders from eateries that don't serve meat

NEW DELHI:Zomato Co-founder and CEO Deepinder Goyal on Tuesday announced a ‘Pure Veg Mode’ along with a ‘Pure Veg Fleet’ on his platform for customers with 100 per cent vegetarian dietary preference.

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.

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