Over $320 mn raised by 24 Indian startups this week
New Delhi, May 11 - More than $320 million has been raised by 24 Indian startups in funding this week, which includes 7 growth-stage deals and 13 early-stage deals.
CERT-In finds vulnerabilities in Apple iTunes, Google Chrome
New Delhi, May 11 - The Indian Computer Emergency Response Team (CERT-In), which comes under the Ministry of Electronics & Information Technology, has warned users of vulnerabilities in Apple iTunes and Google Chrome for desktop which could allow an attacker to execute arbitrary
KABIL gets new office in Delhi to speed up efforts for securing critical minerals
New Delhi, May 11 - Secretary, Ministry of Mines, V L Kantha Rao on Saturday inaugurated the Registered Office of Khanij Bidesh India Ltd (KABIL) at Sansad Marg to speed up the country’s efforts to secure stable supplies of critical minerals such as
India under PM Modi a global case study on how to become a resilient economy: Rajeev Chandrasekhar
New Delhi, May 11 - Union Minister and BJP candidate from Thiruvananthapuram, Rajeev Chandrasekhar, said on Saturday that India under the leadership of Prime Minister Narendra Modi has become a global case study on how to emerge as a resilient economy amid myriad
UPI payments see surge in India, leading people to overspending too: Experts
New Delhi, May 11 - As India's digital and less-cash journey gains steam, more and more people are not only purchasing their daily essentials via unified payments interface (UPI) mode of digital transactions but also costly home appliances, high-end gadgets and designer apparels,
Anand Mahindra praises IIT-Madras startup for developing electric flying taxi
New Delhi, May 11 - Mahindra Group Chairman Anand Mahindra has praised the Indian Institute of Technology (IIT) Madras startup that is developing an electric flying taxi, saying that the institution has become one of the world's most "exciting and active incubators".
Social commerce platform Meesho raises $275 million
New Delhi, May 11 - Social commerce platform Meesho has raised $275 million, a regulatory filing by the company with the Securities and Exchange Commission (SEC) in the US has revealed.
After 10 years of tech innovations, India geared up for next phase of growth: Industry leaders
New Delhi, May 11 - As India embarks on its journey to become a global technology powerhouse under various schemes launched by Prime Minister Narendra Modi and his government in the last 10 years, the National Technology Day is the occasion for the
Something ‘super weird’ is going on: Musk after storming of Tesla’s Berlin plant
New Delhi, May 11 - Tesla CEO Elon Musk on Saturday said something "super weird" is going on, as at least 800 activists stormed Tesla’s gigafactory near Berlin to protest its expansion plans.
Self-driving tech company Motional sacks nearly 550 employees in US
San Francisco, May 11 - Autonomous vehicle technology company Motional has sacked around 550 employees, or about 40 per cent of its workforce, in the US, reports said on Saturday.
No plan to launch Google search engine rival: OpenAI’s Sam Altman
New Delhi, May 11 - OpenAI CEO Sam Altman on Saturday refuted reports that his artificial intelligence (AI) company is going to launch a search engine like Google.
Dharani Sugars out of Insolvency Process, to restart plants in 3 months
Chennai, May 10 - Exiting the Corporate Insolvency Resolution Process (CIRP) list, sugar manufacturer Dharani Sugars & Chemicals Limited (DSCL) hopes to restart operations at its three plants soon, said a top official of the PGP Group.
Public sector oil giants post 25-fold jump in combined profit at Rs 86,000 crore for 2023-24
New Delhi, May 10 - The state-owned oil marketing companies Indian Oil, Bharat Petroleum and Hindustan Petroleum have not only ensured fuel availability at affordable rates in 2023-24, with one of the lowest fuel price inflation globally in India, but they have also
ICICI Bank’s cards and payments head Bijith Bhaskar quits
New Delhi, May 10 - ICICI Bank on Friday said that Bijith Bhaskar, who heads the cards, digital payments, prepaid solutions, consumer finance, and e-commerce and merchant ecosystems at the company, has resigned, effective from May 18.
High growth of consumer durables, capital goods encouraging: Industry on IIP data
New Delhi, May 10 - High growth of consumer durables at 9.5 per cent and capital goods at 6.1 per cent indicates expansion of investment trajectory in the country, industry experts said on Friday after the release of the Index of Industrial Production
India’s industrial production clocks 4.9 pc growth in March
New Delhi, May 10 - India’s Index Industrial Production (IIP) clocked a 4.9 per cent growth in March this year over the same month of the previous year, as per the figures released by the Ministry of Statistics on Friday.
India’s forex reserves surge by $3.7 bn to touch $641.6 bn mark
Mumbai, May 10 - India's foreign exchange reserves rose by $3.7 billion during the week ended May 3 to touch the $641.59 billion mark, the latest RBI data released on Friday showed.
IISc, Lam Research upskill engineers in semiconductor fabrication tech
New Delhi, May 10 - The Indian Institute of Science (IISc) on Friday announced that it successfully concluded the pilot to upskill engineers in semiconductor fabrication technology, which was announced in partnership with the US-based semiconductor firm Lam Research, during Prime Minister Narendra
Bank of Baroda Q4 net profit rises to 4,886 crore
Mumbai, May 10 - Government-owned Bank of Baroda reported a net profit of Rs 4,886 crore for the January-March quarter of 2023-24, up 2.3 per cent from the corresponding figure of Rs 4,775 crore in the same period a year ago.
Vedanta fully acquires Japanese display glass major AvanStrate
Mumbai, May 10 - Leading natural resources company Vedanta on Friday announced it is fully acquiring AvanStrate, a Japanese manufacturer of high-quality display screens, as it positions itself to establish India’s first integrated fabrication unit for display glass and panels.