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).
Goldman Sachs ups India’s GDP growth forecast
New Delhi, May 27 - Leading global financial firm Goldman Sachs has revised its forecast for India’s GDP growth by 10 basis points to 6.7 per cent as it expects the government’s heavy investments in big-ticket infrastructure projects to continue with the huge
Fintech leaders hail PM Modi on India leading in UPI
New Delhi, May 27 - Fintech leaders on Monday hailed Prime Minister Narendra Modi on India leading in unified payments interface (UPI), saying that the country's fintech landscape is now a hotbed for innovation, reflecting the nation's fearless spirit.
Adani Energy Solutions to raise up to Rs 12,500 crore
Mumbai, May 27 - Adani Energy Solutions Ltd (AESL) on Monday said that its board has approved to raise funds not exceeding Rs 12,500 crore through Qualified Institutional Placement (QIP) or other permissible mode in accordance with the applicable laws, in one or
Indian Oil hands over Green Hydrogen Fuel Cell Bus to army for use in Delhi-NCR
New Delhi, May 27 - Indian Oil on Monday handed over a state-of-the-art green hydrogen fuel cell bus to the Indian Army as part of the public sector oil giant’s objective to promote sustainable, eco-friendly transportation.
Sensex closes flat after touching 76,000 for first time
Mumbai, May 27 - India equity benchmarks closed flat on Monday following sideways sentiment in the Market.
DoT takes action on over 10K fraudulent messages sent using 8 SMS headers
New Delhi, May 27 - The Department of Telecommunications (DoT), which comes under the Ministry of Communications & Information Technology, on Monday said that it took action on more than 10,000 fraudulent messages that were sent using eight SMS headers in the last
ITC’s Hotel Group expands in Rajasthan with ‘Mementos Jaipur’
New Delhi, May 27 - ITC’s Hotel Group announced the opening of Mementos by ITC Hotels, Jaipur, its second Mementos property in India, after Mementos Udaipur.
Fitch sees big RBI dividend to govt as positive for India’s rating
New Delhi, May 27 - Global rating agency Fitch views the larger-than-expected Reserve Bank of India (RBI) dividend of Rs 2.1 lakh crore to the government, announced last week, as positive for India’s sovereign rating fundamentals.
Hyundai Motor installs EV charging station in Chennai, plans 100 facilities in Tamil Nadu
New Delhi, May 27 - Automaker Hyundai Motor India on Monday inaugurated its first 180 kW (kilowatts) DC fast public electric-powered vehicles (EV) charging station in Chennai, comprising 150 kW & 30 kW connectors.
Cybercriminals launched on avg 9K online attacks on Indian firms per day in 2023: Report
New Delhi, May 27 - Cybercriminals launched an average of nearly 9,000 online attacks targeting Indian businesses per day in 2023, a new report revealed on Monday.