Sensex sheds 220 points amid profit booking; midcap, smallcap stocks hit
Mumbai, May 28 - Indian equity benchmarks closed in the red on Tuesday as investors took to profit booking before the Lok Sabha election results to be announced next week.
P&G Hygiene and Health Care appoints Mrinalini Srinivasan as new CFO
New Delhi, May 28 - Procter & Gamble (P&G) Hygiene and Health Care on Tuesday announced the appointment of Mrinalini Srinivasan as the company's Chief Financial Officer from June 29.
Samsung, Lennox join hands for HVAC business in US, Canada
Seoul, May 28 - Samsung on Tuesday said that it has agreed to set up a joint venture (JV) with a leading provider of climate solutions Lennox for a heating, ventilation and air-conditioning and refrigeration (HVAC) business in the US and Canada.
Rosneft integrates proprietary IT technologies into all aspects of its operations
New Delhi, May 28 - In today's world, digitalisation has emerged as a global trend affecting practically all industries and areas of operation.
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.