India, Vietnam key beneficiaries as global firms scout for supply chains outside of China: Nomura
New Delhi, May 28 - As the multi-national companies recognise the importance of diversifying supply chains, India and Vietnam are the key beneficiaries as global firms are looking for supply chain alternatives outside of China, a new report by global investment bank Nomura
Global firms must tap local display manufacturing opportunities in India: Industry leaders
New Delhi, May 28 - India is set for a significant leap in local manufacturing of displays which presents a golden opportunity for global companies seeking to diversify their display supply chains beyond certain geographies, industry leaders said on Tuesday.
Lava appoints Rajesh Sethi as new Group CFO
New Delhi, May 28 - Homegrown electronics manufacturer Lava International on Tuesday announced the appointment of Rajesh Sethi as the new Group Chief Financial Officer.
80 pc Indian employers believe tech added flexibility, helped promote gender equality
New Delhi, May 28 - About 80 per cent of employers in India believe that innovation powered by technology has helped them be more flexible, promoting more gender equality, according to a new report on Tuesday.
Zoho’s Sridhar Vembu invests in homegrown drone startup Yali Aerospace
New Delhi, May 28 - London-based consumer tech brand Nothing on Tuesday announced the appointment of Vishal Bhola as President for India business.
Nothing appoints Vishal Bhola as President for India biz
New Delhi, May 28 - London-based consumer tech brand Nothing on Tuesday announced the appointment of Vishal Bhola as President for India business.
‘This is not correct’: WhatsApp head on Musk’s claims on Meta sharing user data
New Delhi, May 28 - WhatsApp head Will Cathcart on Tuesday said the claim made by X owner Elon Musk that the Meta-owned messaging platform exports your user data is "not correct."
Adani Enterprises Ltd to raise Rs 16,600 crore to expand biz
Mumbai, May 28 - Adani Enterprises Ltd (AEL) on Tuesday announced to raise Rs 16,600 crore via qualified institutional placement (QIP) or other permissible mode in one or more tranches and in accordance with the applicable laws, as it aims to aggressively expand
IIT Bombay, TCS to develop India’s 1st Quantum Diamond microchip imager
Mumbai, May 28 - The Indian Institute of Technology (IIT) Bombay on Tuesday announced a strategic partnership with IT services major Tata Consultancy Services (TCS) to develop India's first Quantum Diamond microc
For high mango yield, CISH recommends tree rejuvenation
Lucknow, May 28 - Overgrown and unproductive mango trees may get a fresh lease of life through canopy management technology developed by ICAR-Central Institute for Subtropical Horticulture (CISH), helping enhance the yield.
SpiceJet denies KAL Airways’ Rs 1,323 cr claim, labels it ‘legally baseless’
New Delhi, May 28 - SpiceJet on Tuesday refuted the claims made by KAL Airways and Kalanithi Maran regarding seeking damages of Rs 1,323 crore and said that these assertions were not only legally untenable but also regurgitation of previously rejected claims by
AI-powered MR publishing platform Flam raises Rs 38 cr from Turbostart, others
New Delhi, May 28 - AI-powered mixed reality (MR) publishing platform Flam on Tuesday said that it raised Rs 38 crore ($4.5 million) in a pre-series A funding round led by Turbostart, AI-focused Twin Ventures, Alphatron Capital, and notable angel investors, along with
Water tech major Wabag secures Rs 85 crore order for Oman desalination plant
Mumbai, May 28 - Water technology major Va Tech Wabag on Tuesday said it has secured an order worth around Rs 85 crore from Nama Water Services in Oman for the operation and maintenance of the Al Duqm desalination plant for five years.
Sensex, Nifty trade flat; Pharma stocks shine
Mumbai, May 28 - Indian equity benchmarks opened flat on Tuesday following sideways momentum in the market due to elections.
Ex-Porsche engineer Manfred Harrer joins Hyundai in top role
Seoul, May 28 - Hyundai Motor Group said on Tuesday it has hired a former Porsche engineer who led the development of the luxury sports car brand's first electric vehicle (EV), Taycan, as it strives to further improve its vehicles' performance.
South Korea to open joint AI research lab in US
Seoul, May 28 - South Korea's science ministry said on Tuesday it will create a joint artificial intelligence (AI) research lab with New York University (NYU) in the US.
Govt bonds worth Rs 29,000 crore coming up for auction on May 31
New Delhi, May 27 - The Finance Ministry on Monday announced the sale of government bonds worth Rs 29,000 crore in three lots through auctions to be conducted by the Reserve Bank of India in Mumbai on May 31.
Delhi HC upholds order directing SpiceJet to return aircraft to TWC Aviation
New Delhi, May 27 - The Delhi High Court on Monday declined to intervene in a single judge bench's order directing airline SpiceJet to return two Boeing aircraft with engines to TWC Aviation over unpaid dues.
LIC Q4 net profit at Rs 13,763 crore, declares dividend of Rs 6 per share
New Delhi May 27 - Life Insurance Corporation of India (LIC) on Monday reported a 2.5 per cent increase in net profit at Rs 13,763 crore for the January-March quarter of the financial year 2023-24 compared to the corresponding figure of Rs 13,421
Build grounds for fair competition in AI-related industries: S. Korea’s antitrust regulator
Seoul, May 27 - South Korea's antitrust regulator said on Monday it hosted a conference on artificial intelligence (AI) and competition policy with the Organization for Economic Cooperation and Development (OECD).