Sensex up by 466 points, Nifty climbs over 22,050
Mumbai, May 10 - Indian stock indices are in green on Friday, after a range-bound opening. At 9:50 a.m., Sensex was up by 466 points, or 0.64 per cent at 72,871 points, and Nifty was up by 138 points, or 0.64 per cent
India on the cusp of becoming a global tech powerhouse: Industry leaders
New Delhi, May 10 - With its burgeoning tech ecosystem and emphasis on harnessing the power of artificial intelligence (AI), India is on the cusp of becoming a global tech powerhouse, industry leaders said on Friday, ahead of the National Technology Day that
25 terminated Air India Express employees reinstated as Chief Labour Commissioner steps in
New Delhi, May 9 - A total of 25 cabin crew members of Air India Express who were terminated after they reported sick on Tuesday and Wednesday have been reinstated following a meeting at the office of the Chief Labour Commissioner (CLC) between
Airbus’ defence, space arm to launch research centre in S. Korea
Seoul, May 10 - The industry ministry here said on Friday that it has signed a memorandum of understanding with Airbus SE for the European aerospace giant to launch a new research and development (R&D) centre in South Korea.
Post full-length movies on X, ‘AI Audiences’ coming soon: Elon Musk
New Delhi, May 10 - Tesla and SpaceX CEO Elon Musk, on Friday, said that subscribed users can post movies, TV series or podcasts on the platform and earn money via monetisation.
Dell discloses data breach of some customers’ names, physical addresses
New Delhi, May 9 - Tech giant Dell Technologies on Thursday admitted that it experienced a data breach that exposed some customers’ names and physical addresses.
Finance Ministry hosts workshop on best AI practices for bank chiefs
New Delhi, May 9 - The Finance Ministry on Thursday held a workshop for CEOs and MDs of 12 public sector banks and other financial institutions to provide them with insights into the best practices for AI adoption and risk mitigation in the
BPCL declares 1:1 bonus share issue, Q4 profit declines 30 per cent
New Delhi, May 9 - Bharat Petroleum Corporation Limited (BPCL) on Thursday reported a 30 per cent decline in consolidated net profit of Rs 4,789.57 crore for the January-March quarter financial year 2023-24 compared to the corresponding figure of Rs 6,870.47 crore in
Paytm refutes reports on invoking loan guarantees due to repayment defaults by lending partners
New Delhi, May 9 - Fintech services major Paytm on Thursday refuted media reports claiming about invoking loan guarantees due to repayment defaults by the company's lending partners.
Double-digit growth propels India’s technical textiles industry to world’s 5th rank
New Delhi, May 9 - India's technical textiles market has a huge potential as it is clocking a double-digit growth of 10 per cent and has become the fifth largest in the world, Rachna Shah, Secretary of Ministry of Textiles, said on Thursday.
SBI hiring nearly 12,000 employees for various roles, including IT: Chairman
New Delhi, May 9 - The State Bank of India (SBI) is in the process of hiring nearly 12,000 employees who will be trained for various roles, including IT, its Chairman Dinesh Khara said on Thursday.
Honda opens new R&D facility in India to accelerate electrification
New Delhi, May 9 - Honda R&D (India) Private Limited, a subsidiary of Honda Motor Co, on Thursday, opened its new Solution R&D Center in the country to accelerate electrification.
Indian IT sector sees resurgence in contractual hiring, talent demand for AI-driven tech roles
New Delhi, May 9 - The growing talent demand for emerging technologies driven by artificial intelligence (AI) and resurgence in contractual hiring in India have mitigated the recent turbulence in the technology ecosystem, experts said on Thursday, ahead of the National Technology Day
Punjab National Bank clocks 160 pc surge in Q4
New Delhi, May 9 - Punjab National Bank (PNB) on Thursday reported a 160 per cent surge in its net profit to Rs 3,010 crore in the Jan-March quarter of the financial year 2023-24 compared to the corresponding figure of Rs 1,159 crore
Sensex crashes 1,062 points, Rs 7 lakh crore investor wealth eroded
Mumbai, May 9 - The Sensex fell by more than 1,000 points, while the Nifty slid below the 22,000 mark on Thursday amid heavy selling pressure and weak Q4 results by top firms.
How India is set to beat China in overall GDP growth sooner than expected
New Delhi, May 9 - A robust gross domestic product (GDP) growth, continuous thrust on manufacturing with global giants (like Apple) strengthening their local supply chains, top American corporate honchos praising the overall development under Prime Minister Narendra Modi, and political stability ensure
Maruti Suzuki launches 4th-gen Swift at starting price of Rs 6.49 lakh
New Delhi, May 9 - Leading carmaker Maruti Suzuki on Thursday launched the 4th generation Epic New Swift at a starting price of Rs 6.49 lakh (ex-showroom) in India.
Stanlow celebrates a century of powering Britain
Stanlow (UK), May 9 - EET Fuels (or “the Company”, formerly Essar Oil UK), which owns and runs the Stanlow Manufacturing Complex, one of the most advanced refineries in Europe, today announces the commemoration of the 100th anniversary of the Stanlow Refinery.
VC firm Venturi Partners invests $27 mn in K12 Techno Services
New Delhi, May 9 - Venture capital firm Venturi Partners on Thursday announced a purchase of a $27 million stake in the education service provider K12 Techno Services from Navneet Learning LLP, a subsidiary of Navneet Education Limited.
HPCL profit dips 25 pc in Q4
Mumbai, May 9 - Hindustan Petroleum Corporation Limited (HPCL) on Thursday reported a nearly 24.9 per cent decline in consolidated net profit at Rs 2,709.31 crore for the Jan-March quarter of 2023-24 from Rs 3,608.32 crore in the same quarter last year as