South Korea unveils $19 billion support package for chip industry
Seoul, May 23 - South Korean President Yoon Suk Yeol said on Thursday that the country will introduce a chip industry support package worth 26 trillion won ($19 billion) to bolster the critical industry amid intensifying global competition.
FT, OCCRP reports fail to impress Indian investors as Adani Group stocks continue to climb
New Delhi, May 22 - Repeated attacks on the Adani Group, with similar allegations of the past by the same two foreign media organisations - The Financial Times and the George Soros-backed OCCRP - is something that the market has stopped taking seriously
Centre blocks mobiles linked to fraudsters posing as LIC officials
New Delhi, May 22 - The government on Wednesday said it has taken action against fraudsters sending fake messages posing as Life Insurance Corporations of India (LIC) officials and insurance company representatives for redemption of the 'SBI Rewards'.
India’s wearable device market grew over 2 pc in Q1 to 25.6 mn units: Report
New Delhi, May 22 - India’s wearable device market increased by 2.1 per cent (year-over-year) in the first quarter (Q1) of 2024 to 25.6 million units after growing by at least double digits consecutively since the fourth quarter (Q4) of 2017, a new
Ola migrates all workload from Microsoft Azure to own Cloud amid LinkedIn saga
New Delhi, May 22 - Ola founder Bhavish Aggarwal on Wednesday said the ride-hailing platform's entire workload has now been shifted from Microsoft Azure cloud service to his own Cloud 'Krutrim'.
Delhi HC permits Ashneer Grover, his wife to travel to the US – separately
New Delhi, May 22 - The Delhi High Court on Wednesday granted permission to former BharatPe Managing Director Ashneer Grover and his wife Madhuri Jain Grover to travel to the US - but not together.
Grateful to PM Modi for encouraging MapmyIndia, unlocking geospatial sector: CEO
New Delhi, May 22 - Homegrown geospatial software provider MapmyIndia CEO and Executive Director Rohan Verma on Wednesday said that he is grateful to Prime Minister Narendra Modi for mentioning and encouraging the company and unlocking the geospatial sector and its benefits for
India’s Digital Competition Bill marks paradigm shift to tackle Big Tech monopoly: ADIF
New Delhi, May 22 - The Alliance of Digital India Foundation (ADIF), a think tank representing homegrown digital startups, on Wednesday welcomed the government's move to introduce an ex-ante regulatory framework through the Draft Digital Competition Bill, 2024 to curb the Big Tech
Sensex jumps 267 points, FMCG sector leads rally
Mumbai, May 22 - Indian equity indices were up on Wednesday following a rally in the FMCG Sector.
PLI scheme to help create global companies from India: Dixon Chairman Sunil Vachani
New Delhi, May 22 - The government's production-linked incentive (PLI) scheme will not only help Indian companies boost production but also push the country to emerge as one of the largest hubs for manufacturing not only for the domestic market but globally, Sunil
From zero presence in 2014 to becoming world’s supply chain hub, India an ‘ideal place to do biz’
New Delhi, May 22 - From zero presence in the global supply chain 10 years back, India now has a significant role to play in the supply chain ecosystem across industries, creating huge investment and job opportunities, Union Minister Rajeev Chandrasekhar has said.
Kudos to PM Modi for motivating founders like us to do better: Zomato CEO
New Delhi, May 22 - Zomato Founder and CEO Deepinder Goyal on Wednesday praised Prime Minister Narendra Modi for providing ample opportunities to small-town entrepreneurs like him, as the online food delivery platform, coupled with quick commerce delivery platform Blinkit, scaled new highs
Paytm aims ‘leaner organisation structure’ after Rs 550 crore net loss in Q4
New Delhi, May 22 - In order to achieve significant cost efficiencies through artificial intelligence (AI)-led capabilities, digital payments major Paytm is planning a “leaner organisation structure” and the “pruning of non-core businesses”, indicating there may be job redundancies at the company in
Mahindra launches new variant for ‘XUV700’ starting at Rs 16.89 lakh
New Delhi, May 22 - Leading SUV manufacturer Mahindra & Mahindra on Wednesday launched a new variant for the XUV700 -- AX5 Select (AX5 S), starting at Rs 16.89 lakh (ex-showroom).
RBI approves record dividend of Rs 2.11 lakh crore to Central Government
Mumbai, May 22 - The Board of Directors of the Reserve Bank of India on Wednesday approved the transfer of Rs 2,10,874 crore as surplus to the Central government for the accounting year 2023-24.
India to gain as global oil prices decline despite geopolitical tensions
New Delhi, May 22 - Oil prices declined for a third day in a row in the international market on Wednesday, despite geopolitical tensions, as the US Federal Reserve is not expected to reduce interest rates any time because of the high inflation
With Modi govt’s support, will create lakhs of jobs in next 10 yrs: Ghazal Alagh
New Delhi, May 22 - Mamaearth co-founder Ghazal Alagh on Wednesday said that the company will create lakhs of employment opportunities in the next 10 years with the support of Narendra Modi's government.
SpiceJet to seek refund of Rs 450 cr from Kalanithi Maran after Delhi HC ruling
New Delhi, May 22 - Following the Delhi High Court ruling, SpiceJet has announced plans to seek a refund of Rs 450 crore from former promoter Kalanithi Maran and his firm, KAL Airways.
Snapchat strengthens senior leadership team in India
New Delhi, May 22 (IANS) Social media platform Snapchat on Wednesday strengthened its leadership team in India, a country where it has reached over 200 million monthly active users.
Sensex, Nifty trade flats; Midcap index slips over 300 points
Mumbai, May 22 - Indian equity indices opened in the red on Wednesday after early trades.