Indian general insurers log premium income of Rs 29,678.99 crore in April
Chennai, May 14 - The 32-member non-life insurance industry closed the first month of FY25 with a gross premium of Rs 29,678.99 crore and logged 15.86 per cent growth, said General Insurance Council of India.
Talent growth, investments to help India’s AI market reach $5.1 billion by 2027
New Delhi, May 14 - Fueled by talent growth and continued investment, the Artificial intelligence (AI) market in India is forecast to grow at 31.5 per cent CAGR (compound annual growth rate) to reach $5.1 billion by 2027, a new report showed on
Wholesale Price Index inflation remains benign: Industry
New Delhi, May 14 - The Wholesale Price Index (WPI), which edged up to 1.26 per cent in April, remains benign and inflation in the food articles is expected to rationalise by September-October, industry bodies said on Tuesday.
WPI inflation edges up to 1.26 pc in April
New Delhi, May 14 - The country’s inflation rate based on the Wholesale Price Index (WPI) edged up to 1.26 per cent in April, compared to the same month last year, data released by the Commerce and Industry Ministry on Tuesday showed.
Liquor sales in Kerala for FY 23-24 cross Rs 19,088 crore
Thiruvananthapuram, May 14 - Sales of liquor and beer in Kerala during FY 2023-24 have touched Rs 19,088.68 crore, up from Rs 18,510.98 crore in FY 2022-23.
Zomato stock slumps after ESOP announcement
Mumbai, May 14 - Online food delivery company Zomato's shares extended its morning session loss on Tuesday up to 5-6 percent, as the company is expecting an increase in cost due to the employee stock ownership plan (ESOP).
Uber to acquire Delivery Hero’s foodpanda business in Taiwan for $950 mn
San Francisco, May 14 - Uber Technologies will acquire Delivery Hero's owned foodpanda business in Taiwan for $950 million in cash, as the online food ordering company focuses on other markets.
Ola CEO’s brother Ankush Aggarwal returns to company’s ride-hailing business
New Delhi, May 14 - Ola founder Bhavish Aggarwal's brother Ankush Aggarwal has returned to the ride-hailing business after working with Ola Electric.
Indian smartphone market up 11 pc to 34 mn units, Apple logs record Q1 shipments
New Delhi, May 14 - India’s smartphone market saw shipment of 34 million smartphones in the first quarter (Q1) this year, with 11.5 per cent growth (year-over-year), as Apple had a record first-quarter shipment, growing by 19 per cent YoY, a report showed
Global VC firms eye controlling stake in popular food chain Haldiram
New Delhi, May 14 - The popular food and snacks chain Haldiram is up for grabs as a global group of investors has reportedly submitted a non-binding bid to acquire a controlling stake worth $8.5 billion in the company that was founded in
Nothing to integrate ChatGPT into all of its audio products
New Delhi, May 14 - London-based consumer tech brand, Nothing, on Tuesday announced that it will be integrating OpenAI's Artificial Intelligence (AI) chatbot ChatGPT into all of its audio products.
India showcases its progress in Green Hydrogen at World Summit in Netherlands
Rotterdam (Netherlands), May 14 - India has set up one of the largest pavilions at the World Hydrogen Summit 2024, being held here, to showcase the country's progress in the field of Green Hydrogen.
OpenAI’s new demo made me cringe: Elon Musk
New Delhi, May 14 - Tesla and SpaceX CEO Elon Musk, on Tuesday, took potshots at Sam Altman-run OpenAI, saying their latest event to announce new AI models made him "cringe."
Kia unveils revamped EV6 electric vehicle
Seoul, May 14 - Kia, South Korea's second-largest automaker, on Tuesday announced the release of a redesigned and upgraded version of its EV6 electric vehicle, which was first introduced in 2021.
OpenAI launches new ‘GPT-4o’ AI model for all ChatGPT users
New Delhi, May 13 - Sam Altman-run OpenAI on Monday launched 'GPT-4o' -- a new version of its GPT-4 model which can generate any combination of text, audio, and image outputs.
TCS announces to create global AI centre of excellence in France
New Delhi, May 13 - Tata Consultancy Services (TCS) on Monday announced the creation of a Global Artificial Intelligence (AI) Centre of Excellence in Paris during the Choose France Summit.
Income Tax Dept rolls out new functionality in AIS for taxpayers
New Delhi, May 13 - The Income Tax Department has now rolled out a new functionality in Annual Information Statement (AIS) to display the status of the information confirmation process to taxpayers, according to a statement issued by the Central Board of Direct
India’s debt:GDP ratio is much lower than US, Japan, France, UK: Sitharaman
New Delhi, May 13 - Finance Minister Nirmala Sitharman said on Monday that India has fared relatively well compared with other countries as far as the government debt to GDP ratio is concerned and the country is the third least indebted nation among
Smartphone sales in US expected to grow only 3 per cent by 2028: Report
New Delhi, May 13 - With 2024 bringing another decline in smartphone sales in the US, a new report on Monday showed that it is expected to grow only 3 per cent by 2028 in the country.
India signs 10-year pact to operate Chabahar Port in Iran
New Delhi, May 13 - India on Monday signed a 10-year contract with Iran to develop and operate the Shahid Beheshti terminal at Chabahar port on Iran's south-eastern coast.