Sensex surges 676 points on expectations of rate cuts
Mumbai, May 16 - Indian equity benchmarks surged on Thursday following expectations of rate cuts.
Australian unemployment rate rises to 4.1 pct
Canberra, May 16 - Australia's unemployment rate rose for a second straight month to 4.1 per cent in April.
PhonePe wins trademark infringement dispute
New Delhi, May 16 - PhonePe has filed a suit for infringement of its trademarks i.e. "PhonePe" against M/s Aniket Foods before the Calcutta High Court for illegal use of PhonePe trademarks.
Industry mourns the loss of Vineet Nayyar, one of the finest IT leaders
New Delhi, May 16 - Industry leaders on Thursday mourned the demise of Vineet Nayyar, former Tech Mahindra vice chair, who passed away at 85.
Mahindra & Mahindra to invest Rs 12,000 crore in its EV unit
New Delhi, May 16 - Automaker Mahindra & Mahindra, on Thursday, announced to invest Rs 12,000 crore in its electric vehicle (EV) unit over a period of three years.
Telcos fast adopting green networks to help India achieve sustainability goals: Industry
New Delhi, May 16 - The Indian telecom operators are increasingly adopting green telecom networks, which focus on energy-efficient operations, carbon emission reductions and the use of renewable energy sources, industry experts said on Thursday, ahead of the World Telecommunication and Information Society
Chinese marketplace Temu under scanner for breaching EU’s Digital Services Act
London, May 16 - The European consumer organisation on Thursday filed a complaint against Chinese online marketplace Temu for failing to protect consumers by breaching the EU’s Digital Services Act (DSA).
Tech Mahindra, IBM join hands to help firms accelerate adoption of GenAI
New Delhi, May 16 - Tech Mahindra on Thursday announced that they are collaborating with IBM to help businesses globally responsibly accelerate the adoption of generative artificial intelligence (GenAI).
India ‘sees’ its third unicorn of 2024 in logistics services platform Porter
New Delhi, May 16 - Homegrown logistics services platform Porter has likely become the third unicorn (with valuation of $1 billion and above) in India this year after a fresh internal round.
BMW launches new car under its Shadow Edition in India at Rs 74.9 lakh
New Delhi, May 16 - Luxury carmaker BMW on Thursday launched the new 'X3 xDrive20d M Sport Shadow Edition' in India at an ex-showroom price of Rs 74,90,000.
Global capability centres’ share in Indian IT exports reach 23 pc: Report
New Delhi, May 16 - The global capability centre (GCC) market is growing in India and the overall share of GCCs in total IT exports from India increased from 18 per cent in 2015 to 23 per cent last year, a report showed
‘iPad campaign was a major fumble’: Tim Cook to 22-yr-old Indian student
New Delhi, May 16 - Apple CEO Tim Cook has called the latest iPad Pro advertisement a "major fumble", after it received backlash from social media users.
Blinkit offers ‘free dhaniya’ with veggies, people ask for ‘hari mirch’ too
New Delhi, May 16 - After listening to a user's mother's suggestion who had to pay for ‘dhaniya’ (coriander) on Blinkit while ordering veggies, Zomato's grocery delivery platform has now started to offer ‘free dhaniya’ with vegetables.
ONGC, Oil India to get relief as Centre cuts windfall tax on crude oil
New Delhi, May 16 - The Central government has cut the windfall tax on petroleum crude to 5,700 rupees ($68.34) per metric ton from 8,400 rupees with effect from Thursday, as part of its fortnightly revision that is calibrated with global prices.
Modi govt’s policies resulted in exponential & unprecedented infra creation: FM Sitharaman
New Delhi, May 15 - Finance Minister Nirmala Sitharaman said on Wednesday that Prime Minister Narendra Modi-led government's policies in the last 10 years have resulted in an "exponential and unprecedented" infrastructure creation in the country across the roads, power, railway, ports and
FM Sitharaman reels out data to slam Congress for neglect of infra projects
New Delhi, May 15 - Finance Minister Nirmala Sitharaman on Wednesday reeled out data to slam the erstwhile Congress-led United Progressive Alliance (UPA) government for having "wasted India's economic growth potential between 2004-14 and leaving it among the 'Fragile Five' economies without focusing
Sensex rises 155 points after positive global cues
Mumbai, May 16 - Indian equity benchmarks surged on Thursday, following positive Asian peers and US CPI data, which rose slightly less than expected in April.
Amazon faces 2 lawsuits in US over ‘dark patterns’ as India prepares guidelines
New Delhi, May 16 - As the Indian government aims to curb the use of ‘dark patterns’ on e-commerce platforms, the US state of Arizona has filed two new lawsuits against Amazon, accusing the e-tailing giant of deceiving consumers with "dark patterns."
Jet Airways founder Naresh Goyal’s wife passes away after battling cancer
Mumbai, May 16 - Jet Airways founder Naresh Goyal’s wife Anita Goyal passed away on Thursday morning after suffering from the final stage of cancer.
Adani Energy Solutions acquires Essar’s Mahan-Sipat transmission assets for Rs 1,900 crore
Ahmedabad, May 16 - Adani Energy Solutions Ltd (AESL), on Thursday, announced that it has acquired 100 per cent stake in Essar Transco Ltd for Rs 1,900 crore.