India clocks record rise in exports, employment at 18-year high in May: PMI data
New Delhi, May 23 - The Indian economy clocked a record rise in exports and the sharpest upturn in employment in nearly 18 years in May, according to HSBC Flash Purchasing Manager's Index (PMI) data released on Thursday.
Sensex jumps 251 points after flat opening
Mumbai, May 23 - Indian equity indices were trading in the green on Thursday after a flat start. At 9:40 a.m., Sensex was up 251 points or 0.34 per cent, at 74,472 points and Nifty was up 76 points or 0.34 per cent,
Chip giant Nvidia to design new AI chips every year: CEO
San Francisco, May 23 - Chip giant Nvidia, which reported more than $14 billion in profit for the quarter ended April 28, will now design new artificial intelligence (AI) chips every year instead of once every two years.
No Indian citizen will be left behind in journey to Viksit Bharat@2047: EAM Jaishankar
New Delhi, May 22 - External Affairs S. Jaishankar said on Wednesday that in the country’s journey to Viksit Bharat @2047, no citizen of India will be left behind.
Delhi HC issues summons to Backgrid USA, Meta in TV Today’s suit over suspension of Instagram page
New Delhi, May 22 - The Delhi High Court on Wednesday issued summons to global celebrity news agency Backgrid USA and Meta Platforms in response to a lawsuit filed by TV Today Network.
Nykaa’s net profit nosedives 48 per cent to Rs 9 crore QoQ
New Delhi, May 22 - Online beauty and fashion marketplace Nykaa on Wednesday posted a net profit of Rs 9 crore in the January-March quarter, down 48 per cent (quarter-on-quarter) from Rs 17.45 crore in the same period last year.
Ixigo receives SEBI nod for IPO as Oyo withdraws papers
New Delhi, May 22 - Travel booking platform ixigo has received the nod from markets regulator, the Securities and Exchange Board of India (SEBI), for its initial public offering (IPO) while hospitality major Oyo has withdrawn its draft IPO papers.
Truecaller to let users create digital version of their voice using Microsoft’s new tech
New Delhi, May 22 - Leading caller identification app Truecaller on Wednesday announced a partnership with Microsoft to utilise the new 'Personal Voice' technology from the tech giant's Azure AI Speech which will allow users to create a digital version of their own
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